MANUAL
1902.
AMERICAN BANK NOTE Co.
NO. 86 TRINITY PLACE,
NEW YORK,
Engravers and Printers,
STEEL PLATE AND LITHOGRAPHIC
i .:./.« i ROAD BONDS,
STOCK CERTIFICATES,
'IICKET?, MACS, FOLDERS, ETC. ETC.
KOUNTZE BROTHERS
BANKERS
(MEMBERS OF N. Y. STOCK EXCHANGE)
Broadway and Cedar Street, NEW YORK
INVESTMENT SECURITIES
ACT AS FISCAL AGENTS
FOR MUNICIPALITIES AND CORPORATIONS
RECEIVE ACCOUNTS OF BANKS AND BANKERS, CORPORATIONS,
FIRMS AND INDIVIDUALS, AND ALLOW INTEREST
ON DAILY BALANCES
MAKE TELEGRAPHIC AND CABLE TRANSFERS
BUY AND SELL FOREIGN EXCHANGE
ISSUE
TRAVELERS LETTERS OF CREDIT
TRANSACT A GENERAL
Domestic and Foreign Banking Business
BANKERS AND DEALERS IN
United States Government,
Railroad, and Municipal
Bonds
And Other Investment Securities
NEW YORK BOSTON
29 NASSAU STREET 19 CONGRESS STREET
PHILADELPHIA: REPRESENTED BY
JAMES H. CHAPMAN, 421 CHESTNUT STREET
HARTFORD, CONN.: REPRESENTED BY
R. T. H. BARNES, /ETNA LIFE BUILDING
CHICAGO, ILLS.: REPRESENTED BY
DANIEL K. DRAKE, 414 Continental Nat'l Bank Bldg.
N.W. HALSEYdCO.,
BANKERS,
DEALERS IN BONDS AND GUARANTEED STOCKS
NEGOTIATE ENTIRE NEW OR REFUNDING ISSUES OF
RAILROAD, STREET RAILWAY, GAS,
ELECTRIC LIGHT AND POWER COMPANY BONDS
Government and Municipal Bonds Bought and Sold
49 WALL STREET, NEW YORK, N. Y.
A. E. AMES E. D. FRASER A, E. WALLACE H. R. TUDHOPE
A. E. AMES * CO.
Bankers
TORONTO - - CANADA
Members of the Toronto Stock Exchange
GOVERNMENT, MUNICIPAL AND CORPORATION SECURITIES
SPECIAL ATTENTION GIVEN TO CANADIAN INVESTMENTS
A GENERAL FINANCIAL BUSINESS TRANSACTED
,IFE INSURANCE G
!}j ;
AM? -V PAID POWCY-H0LDBRS
.83
o u n d e d 59
It IS THb O^»vSi ACTlvi
CO.MP-. "-J V F\r A
480.31
Or
'YORK
ICURlTY-
11! ' ' I1
The Mutual Life Ins
mpar ) of
!
THE MUTU
INSURANC
ICCURDY
ending
FRESH
lepantuentol
Received
From a^^^l
[SBURSEMENTS
To Policy-holders for Claims by Death
To Policy-holders for- EndoWmente, Dividends, et
For all other Account*
ASSETS
United States Bonds and other Securities
First Lie a Loans on Bond and Mortgage
Loans on Bonds and other Securities
LoaiJ on Company's o\vn Policies
Real Estate: < mpany's Office Buildings in London,
Pan-,, Berlin New \ ,>i k, Boston, Philadelphia,
San Francis - . Se"*u<«. Sydney and M-eyieo. and
14.177,6.17 7fc
^65,624,305 51
"$17,34~4,0:.'3 13
1 1,336,646 77
i'i,772,936 GO
oth
Cash in
Accrue
^^^m
Insurance a
I have ca
calcufdted by
_jt Companies
Deferred Premiums, etc.
LTABFLITIES
> Reserve-., etc. ^^^^^^^^H
iil^T^nt Guar; Fund ^^H
tLorize*
Statement and find (ho
$198.063,981 2-1
81,564,209 80
10.638,000 OO
11,319,067 23
27,542,44244
16,746,894 40
6,934,376 42
$352,838,971 67
S352. 838.9 71 «7'
$1,243,503,101 ] !
CM \WIJ;> A. PRKLLEK Au.Ki
GRANNiss VICE-PRESIDENT
CARNEGIE STEEL COMPANY
of Pittsburg, Pa.,
With Sales Offices at
Boston, Cleveland, Cincinnati,
New York, Detroit, Atlanta,
Philadelphia, Chicago, St. Louis,
Washington, Minneapolis, Denver,
Buffalo, San Francisco,
Montreal, London, and
City of Mexico,
Manufactures and Sells
Steel Rails, Blooms, Billets, Beams, Channels, Angles, Armor,
Boiler, Tank and Ship Plate, Axles, Car Forgings,
Pig-iron, Spiegeleisen, Ferro-manganese, and
all other forms of Rolled Bessemer
and Open-hearth Steel.
<
Taylor Iron & Steel Co.
MANUFACTURERS OF
Steel Tired Cat Wheels
Manganese Steel Mine Cat Wheels
Forged Steel and Iron Axles
Steel Castings for General Purposes
Manganese Steel Dipper Teeth
and Lips or Cutters for Steam Shovels
Teeth made under Thomas Patent with renewable points — outwear
3 or 4 Tool Steel Points and can be readily and cheaply replaced
Works and General Office: HIGH BRIDGE, N. J.
MANUFACTURERS OF
TIRES
FOR LOCOMOTIVE AND GAR WHEELS
AND OF
WELDLESS FLANGES
FORGED AND ROLLED FROM SOLID STEEL INGOTS
Suitable for High Pressure Steam, Water or Gas Lines
MAIN OFFICE : 1200 Girard Building, Philadelphia
BRANCH OFFICE : Room 1506 Bowling Green Offices, II Broadway, New York
The
JessopaSin8ToolSteel
Is
Unexcelled
fflr
Turning
Locomotive
Tires, Car
Wheels,
Shafting,
_ . Etc,
cut, X-inch feed. Speed 20 to 40 feet per minute.
Tools hardened by heating white hot and cooled in air.
CAN NOT BE BURNED
WM. JESSOP & SONS, Limited,
Chief American Office, 91 John Street, New York
INFORMATION AND INVESTIGATION
Conducted in connection with and as an adjunct to
POOR'S MANUAL OF RAILROADS
Address
JOHN P. ME ANY, Manager, 68 William Street, New York, N. Y.
H ASKINS & SELLS,
CERTIFIED PUBLIC ACCOUNTANTS,
30 BROAD STREET,
NEW YORK.
CABLE ADDRESS " H ASKSELLS. "
204 DEARBORN ST., WILLIAMSON BUILDING.
CHICAGO. CLEVELAND.
LINCOLN TRUST BUILDING. 30 COLEMAN ST..
ST. LOUIS. LONDON, E. C.
JOHN SOUTHER* CO
185 SUMMER STREET, BOSTON, MASS.
Gravel and Hard Pan Railroad Steam Shovels
THE MONITOR and
NATHAN INJECTORS
FOR LOCOMOTIVES
"NATHAN" SIGHT-FEED LUBRICATORS
FOR LOCOMOTIVE CYLINDERS AND AIR BRAKES. To SUIT ALL STEAM PRESSURES.
STEAM FIRE EXTINGUISHERS
FOR SWITCHING AND YARD ENGINES.
BOILER TESTERS AND BOILER WASHERS
ROD AND GUIDE OIL CUPS, ETC.
NATHAN MANUFACTURING CO
92 and 94 LIBERTY STREET, NEW YORK
180 OLD COLONY BUILDING, CHICAGO
SEND FOR DESCRIPTIVE CATALOGUE
C. A. STARBUCK
President.
J. C. THOMPSON
Sec'y-Treas.
WE MAKE A
STRICTLY
First=Class Brake
AT A VERY
Reasonable Price.
THE
NEW YORK
AIRBRAKE
CO.
Our Customers
ARE SOME OF THE
Leading Railways
OF THE WORLD.
66 BROADWAY,
NEW YORK.
MARINE AND INLAND
INSURANCE.
Atlantic HJtttal f tuatYance
OFFICE, 51 WALL STREET,
New York.
ORGANIZED IN 184-2.
INSURES AGAINST MARINE AND INLAND TRANSPORTATION
RISKS AND WILL ISSUE POLICIES MAKING
LOSS PAYABLE IN ENGLAND.
Assets over Ten Million Dollars for the security of its Policies,
The profits of the Company revert to the assured ana
are divided annually upon the premiums terminated during
the year, thereby reducing the cost of insurance.
For such dividends, certificates are issued bearing
interest until ordered to be redeemed, in accordance with
the Charter.
G. STANTON FLOYD-JONES, A. A. RAVEN, President.
Secretary. p. A. PARSONS, Vice-Pres't.
CORNELIUS ELDERT, 2d Vice-Pres't.
THEO. P. JOHNSON, 3d Vice-Pres't.
PUCMIY INSURANCE
rntiMIA COMPANY.
OF BROOKLYN, N. Y.
NEW YORK OFFICE,
47 CEDAR ST.
FRANKLIN-LEE
Bank Note Company,
142 Broadway, cor. Liberty St., New York.
CONSOLIDATED 18O7.
IN ACCORDANCE WITH THE REQUIREMENTS OF THE
NEW YORK STOCK EXCHANGE.
ALSO,
BANK NOTES, BILLS OF EXCHANGE, DRAFTS, CHECKS,
NOTES, PROPRIETORY STAMPS, LABELS, TAGS,
BILL AND LETTER HEADS,
DIPLOMAS AND CERTIFICATES OF MEMBERSHIP,
Insurance Policies, Calendars, and Commercial
Work of all kinds.
LITHOGRAPHIC BONDS, CERTIFICATES OF STOCK, CHECKS,
DRAFTS, BILLS OF EXCHANGE AND LETTER HEADS
EXECUTED IN A SU°ERIOR MANNER.
RAILWAY TICKETS
IN ALL, VARIETIES.
WORK EXECUTED IN FIREPROOF PREMISES.
KNAUTH, NACHOD * KUHNE
I 1-13 WILLIAM STREET, - - - NEW YORK
Members of the New York Stock Exchange
INVESTMENT SECURITIES
LETTERS OF CREDIT AND TRAVELERS' CHECKS
Available in all parts of the World
CABLE TRANSFERS FOREIGN EXCHANGE
We solicit correspondence of Banks and Bankers desiring the use of
our facilities for drawing their own drafts on our foreign correspondents
PRINCIPAL CORRESPONDENTS
PARR'S BANK, Limited, London ) BANCO NACIONAL DE MEXICO, Mexico City
CREDIT LYONNAIS, Paris f an(J Branches PHILADELPHIA NATIONAL BANK, Philadelphia, Pa.
DEUTSCHE BANK, Berlin ( FIRST NATIONAL BANK, Chicago, III.
DRESDNER BANK, Berlin ) CROCKER-WOOLWORTH NATIONAL BANK, San Francisco, Cal.
KNAUTH, NACHOD & KUHNE, Leipzig
MOFFAT & WHITE
Bankers
1 Nassau Street, cor. Wall Street
NEW YORK
Dealers in
INVESTMENT SECURITIES
We make a specialty of the stocks of Telephone com-
panies operating under the Bell ( A. T. & T. Co.) license.
George Barclay Moffat Alexander M. White, Jr.
Member N. Y. Stock Exchange
10
THE CHICAGO NATIONALBANK
152 Monroe Street, CHICAGO.
CAPITAL $1,000,000
• I,OOO,OOO
SURPLUS
PROFITS
250,000
This bank now occupies its new building and is fully equipped to
care for the accounts of banks and bankers, individuals, firms and cor-
porations. It respectfully invites correspondence or a personal interview
with those who contemplate making changes or opening new accounts.
F. M. BLOUNT,
JOHN M. SMYTH,
DIRECTORS:
C. K. G. BILLINGS, MAURICE ROSENFELD,
ANDREW McNALLY, J. R. WALSH,
WILLIAM BEST.
J. R. WALSH, President. F. M. BLOUNT, Vice-President.
ANDREW McNALLY, Vice-President. T. M. JACKSON, Cashier.
F. W. McLEAN, Asst. Cashier.
W. H. BARTLETT
F P FRAZIER
H H PETERS
H E. RYCROFT
C B P'ERCE
BARTLETT, FRAZIER & CO.
Stocks and Bonds
Grain, Provisions and Cotton
MEMBERS :
No. 7 New Street
Western Union Building
No. 81 Michigan Street -
NEW YORK PRODUCE EXCHANGE
NEW YORK STOCK EXCHANGE
CHICAGO STOCK EXCHANGE
CHICAGO BOARD OF TRADE
NEW YORK COFFEE EXCHANGE
LIVERPOOL CORN TRADE ASSOCIATION
MILWAUKEE CHAMBER OF COMMERCE
N. Y. COTTON EXCHANGE
NEW YORK, N. Y.
CHICAGO, ILL.
MILWAUKEE, WIS.
Wires to the Principal Cities, East, South and West
11
THE EQUITABLE TRUST COMPANY
152 Monroe Street, CHICAGO
Capital paid up ------- $5OO,OOO
Surplus and Profits - - - - - - 25O,OOO
Acts as Trustee for Corporations, Firms and Individ-
uals and as Guardian, Executor and Administrator.
Takes entire charge of Estates, real and personal. A
legal depositary for Court and Trust Funds. Acts as
Agent for the Registration and Transfer of Bonds and
Stocks of Corporations and payment of Coupons,
Interest and Dividends. Interest paid on Deposits.
Dl RECTORS
William Best Maurice Rosenfeld J. R. Walsh
Andrew McNally John M. Smyth L. A. Walton
OFFICERS
J. R. WALSH, President L. A. WALTON, Vice-President
C. D. ORGAN, CHARLES HUNTOON,
Sec'y and Treas. Ass't Sec'y and Ass't Treas.
GEO. D. COOK COMPANY
INVESTMENT SECURITIES
Counselman Building Broad Exchange Building
CHICAGO NEW YORK
WE MAKE A SPECIALTY OF
MEXICAN INVESTMENTS
CORRESPONDENCE INVITED
J. Wm. Middendorf A. H. Rutherfoord
A. J. Robins F. Lentz
J.Wm. MIDDENDORF & COMPANY
BANKERS AND BROKERS
The Continental Trust Building
P. 0. Box 1102 BALTIMORE, MD.
MEMBERS BALTIMORE STOCK EXCHANGE
INVESTMENT SECURITIES
DEALERS IN FOREIGN EXCHANGE
13
Old Colony Trust Company
BOSTON, MASS.
CAPITAL, $l,OOOfOOO. SURPLUS, $3,OOO,OOO
Acts as Trustee under Mortgages, Transfer Agent, Registrar.
Transacts a General Banking Business.
Allows Interest on Daily Balances Subject to Check.
BOARD OF DIRECTORS.
T. JEFFERSON COOLIDGE, JR., Chairman.
Gordon Abbott,
Oliver Ames,
C. W. Amory,
Samuel Carr,
B. P. Cheney,
T. Jefferson Coolidge,
Charles E. Cotting,
Philip Dexter,
Eben S. Draper,
George F. Fabyan,
Reginald Foster,
George P. Gardner,
Henry S. Howe,
Walter Hunnewell,
George v. L. Meyer,
Laurence Minot,
Richard Olney,
Henry R. Reed,
Nathaniel Thayer,
C. S. Tuckerman,
Lucius Tuttle,
Stephen M. Weld,
Henry C. Weston.
T. JEFFERSON COOLIDGE, JR.,
GORDON ABBOTT,
C. S. TUCKERMAN,
GEORGE P. GARDNER, .
FRANCIS R. HART, .
JAMES A. PARKER,
E. A. PHIPPEN,
F. G. POUSLAND,
JOSEPH G. STEARNS, .
E. ELMER FOYE, .
JULIUS R. WAKEFIELD, .
Chairman of the Board.
President.
Vice-President and Treasurer.
Vice-President.
Vice-President.
Vice-President.
Assistant Treasurer and Secretary.
Assistant Treasurer.
. Assistant Secretary.
Assistant Secretary.
. Trust Officer.
TOWNSEND SCOTT
A. ELZEY WATERS
FRED. G. BOYCE, Jr.
TOWNSEND SCOTT
SON
Bankers and
Brokers
FAYETTE STREET
(Opposite Post Office)
...Established 1832...
BALTIMORE, MD.
14
MARYLAND TRUST CO.
N. W. Corner Calvert and German Streets
BALTIMORE
CAPITAL,
SURPLUS,
$2,125,000
2,437,500
A LEGAL DEPOSITORY FOR COURT AND TRUST FUNDS
Acts as Financial Agent for States, Cities, Towns, Eailroads and other
Corporations.
Transacts a general trust business.
Lends money on approved security.
Allows interest on special deposits.
Acts as Trustee under Mortgages, Assignments and Deeds of Trust ; as
Agent for the Transfer or Registration of Stocks and Bonds, and for the
payment of coupons, interest and dividends.
SAFE DEPOSIT BOXES FOR RENT
J. WILLCOX BROWN
HENRY J. BOWDOIN -
LLOYD L. JACKSON
J. BERNARD SCOTT -
CARROLL VAN NESS
- - - President
First Vice-President
Second Vice-President
Secretary-Treasurer
Assistant Secretary-Treasurer
J. WILLCOX BROWN,
WM. A. MARBURG,
LLOYD L. JACKSON,
GEO. A..VON LINGEN,
H. J. BOWDOIN,
JOSHUA LEVERING,
W. B. BROOKS, JR.,
FRED'K W. WOOD,
Dl RECTORS:
SEYMOUR MANDELBAUM,
LEOPOLD STROUSE,
HENRY WALTERS,
H. A. PARR,
B. N. BAKER,
ANDREW D. JONES,
JAMES BOND,
JOHN A. TOMPKINS,
CLAYTON C. HALL,
J. D. BAKER,
JOHN PLEASANTS,
GEO. C. JENKINS,
JOSIAH L. BLACKWELL,
JOHN S. WILSON,
L. F. LOREE,
J. SOUTHGATE LEMMON.
15
First National
Farmers' and Millers' Bank
1853
First National Bank
1863
Bank
First National Bank
1882
/, »« • * ,
of Milwaukee
UNITED STATES DEPOSITORY
Ca.pita.1 .......... $1.500,000
Surplus svnd Profits. . . . . . . . 750,000
F. G. BIGELOW, President.
WM. BIGELOW, Vice-President. T. E. CAMP, Assistant Cashier.
FRANK J. KIPP, Cashier. H. G. GOLL, Assistant Cashier.
DIRECTORS
E. MARINER. F. G. BIGELOW. C. F. PFISTEE.
H. C. PAYNE. GEO. P. MILLER. FRED. T. GOLL.
WM. BIGELOW. F. VOGEL, JR. J. H. VAN DYKE. JR.
s
j
PARKINSON & BURR
STOCK BROKERS
53 State Street, Boston, Mass.
7 Wall Street, New York, N. Y.
MEMBERS OF THE NEW YORK AND BOSTON STOCK EXCHANGES
Investment Securities
16
J. ® W. SELIGMAN ® CO.
Buy a.nd Sell Investment Securities NEW YORK
Issue LETTERS OF CREDIT FOR TRAVELERS, payable
in any part of Europe, Asia, Africa, Australia and America.
Draw Bills of Exchange On and Make Telegraphic Transfers
of Money to Europe and California.
SELIGMAN BROTHERS .... London
SELIGMAN FRERES & CIE Paris
SELIGMAN & STETTHEIMER - - Frankfurt
ANGLO-CALIFORNIAN BANK, Limited. San Francisco, Cal.
MASON LEWIS & CO.
Bankers
CHICAGO: Monadnock Building. BOSTON: 60 Devonshire Street
MUNICIPAL
RAILROAD
CORPORATION
BONDS
WE BUY TOTAL ISSUES FIRST MORTGAGE BONDS
Street Railway Companies Electric Lighting Companies
Electric Power Companies Gas Companies
CORRESPONDENCE INVITED
17'
R. T, WILSON & CO.,
** Bankers *<-
33 WALX STREET, - NEW YORK.
TRANSACT A GENERAL. BANKING BUSINESS.
Receive Accounts of Corporations And Individuals on
Liberal Terms.
NEGOTIATE STATE, MUNICIPAL AND RAILROAD
SECURITIES.
CORNELIUS C. CUYLER. FRANCIS J. PATON.
BENJAMIN GRAHAM. ARTHUR C. VAUGHAN.
JUNIUS SPENCER MORGAN. DANIEL P. KINGSFORD.
CUYLER, MORGAN & CO.,
No. 44 PINE STREET, NEW YORK.
Accounts and Agency of Banks, Corporations,
Firms, and Individuals received
upon Favorable Terms.
DIVIDENDS AND INTEREST COLLECTED AND REMITTED.
Act as Agents for Corporations in
Paying Coupons and Dividends;
also as Transfer Agents.
Bonds, Stocks and Securities Bought
and Sold on Commission at the
Stock Exchange or elsewhere.
STERLING EXCHANGE AND CABLE TRANSFERS BOUGHT AND SOLD.
Draw on the Union Bank of London ; British Linen Co. Bank, London
and Scotland ; Ulster Bank, Limited, Belfast, Ireland, and Branches.
18
JAMES WHITELY. H. CRUOEB OAKLEY. MAYNAKD C. EYRE. CHAS. C. HAKRI8O1
PRINCE & WHITELY,
Bankers and Brokers,
EXCHANGE COURT BUILDING, No, 52 BROADWAY,
NEW YORK.
No, 15 CENTER STREET, NEW HAVEN, CONN,
All Classes of RAILWAY STOCKS, also Grain
Provisions, Petroleum, and Cotton,
Bought and Sold on Commission.
SPECIAL ATTENTION GIVEN TO INVESTMENTS
NEW YORK. BOSTON.
H. W. POOR & CO.,
BANKERS,
18 Wall Street, NEW YORK.
52 Devonshire Street, - BOSTON.
INVESTMENTS IN RAILROAD BONDS A SPECIALTY.
Orders Executed on the New York and London Stock Exchanges.
CORRESPONDENCE INVITED.
19
F, EGERTON WEBB. JOHN H. PRALL,
MEMBER N. Y. STOCK EXCHANGE.
WEBB & PRALL,
BANKERS AND BROKERS,
49 Wall Street, New York.
32 East 42d Street,
LINCOLN BANK BUILDING,
Opposite Grand Central Depot.
PRIVATE WIRE.
20
Manhattan Trust Company
WALL STREET, Cor. NASSAU, NEW YORK
Capital, Surplus and Undivided Profits - - - $2,500,000
The Manhattan Trust Company is a Legal Depository for Court and Trust Funds and
General Deposits. Interest is paid on balances subject to cheque at sight through the
New York Clearing House, and higher rates allowed upon deposits payable at specified dates
or subject to notice.
The Company is authorized to act as Administrator, Executor, Guardian, and Receiver;
as Fiscal Agent for the payment of Bonds, Coupons, Dividends, etc., of States, Municipal-
ities, Railroads, and other Corporations; as Trustee under Mortgages or Deeds of Trust
securing Issues of Bonds, and as Registrar and Transfer Agent of the Stocks and Bonds of
Incorporated Companies; as Trustee of Estates and Individuals, and for the transaction of
all such business exceptional facilities are offered.
OFFICERS
JOHN I. WATERBURY, President
JOHN KEAN, ) v. CHARLES H. SMITH, Secretary
AMOS T. FRENCH, f ^i<x-^reslden FREDERICK DWIGHT, Trust Officer
W. NORTH DUANE, Third Vice-President and Treasurer E. A. SKINNER, Assistant Secretary
DIRECTORS, 1902
FBANCIS R. APPLETON, New York. RUDCLPH ELLIS, Philadelphia. OLIVER H. PAYNE, New York.
GEOBGE F. BAKES, New York. AMOS T. FBENCH, New York. E. D. RANDOLPH. New York.
AUGUST BBLMONT, New York. JAMEB J. HILL, St. Paul. GRANT B. SCHLEY, New York.
H. W. CANNON, New York. JOHN KEAN, New Jersey. JAMES O. SHELDON, New York.
A. J. CASBATT. Philadelphia. JOHN HOWARD LATHAM, New York. JOHN I. WATEBBUBY. New York.
R. J. CROSS, New York. DANIEL S. LAMONT, New York. R. T. WILSON, New York.
JOHN L. CADWALADER, COUNSEL. STRONG & CADWALADER, ATTORNEYS.
JOHN L. WILLIAMS. RO. LANCASTER WILLIAMS,
JNO. SKELTON WILLIAMS. LANGBOURNE M. WILLIAMS.
JOHN L. WILLIAMS & SONS,
BANKERS,
AND DEALERS IN
SOUTHERN INVESTMENTS
CORNER 10th AND Jl.\l\ STREETS,
RICHMOND, VA.
CABLE ADDRESS: ... WILLIAMSON, RICHMOND.
Transact a General Banking Business. Negotiate Railroad and Municipal Loans.
Draw Bills of Exchange and furnish Letters of Credit on all parts of the world.
We are prepared to purchase outright entire new issues of STATE, MUNICIPAL and RAILROAD
BONDS, or to Negotiate the same on Commission. We invite correspondence, and cheerfully furnish
information on any subject relating to Southern Investments, of which we make a specialty.
SEABOARD AIR LINE RY. SECURITIES A SPECIALTY.
21
NEW YORK SECURITY AND TRUST COMPANY
44 & 46 WALL STREET, NEW YORK
CAPITAL - - - $1,000,000.00
SURPLUS - - 3,500,000.00
CHARLES S. FAIRCHILD, President.
ABRAM M. HYATT, Vice-Pres. OSBORN W. BRIGHT, 2d Vice-Pres.
L. CARROLL ROOT, Secretary.
ZELAH VAN LOAN, Ass't Sec. JAMES E. KEELER, 2d Ass't Sec.
H. W. WHIPPLE, Manager Bond Department.
TRUSTEES
CHARLES S. FAIRCHILD, FREDERIC R. COUDERT, ABRAM M. HYATT,
JAMES J. HILL, B. AYMAR SANDS, NORMAN B. REAM,
WILLIAM F. BUCKLEY, JOHN W. STERLING, CHARLES M. SCHWAB,
STUART G. NELSON, JOHN A. McCALL, JOHN S. PHIPPS,
HUDSON HOAGLAND, JAMES A. BLAIR, FRANK TILFORD,
JAMES STILLMAN, FRANK W. STEARNS, WOODBURY LANGDON,
M. C. D. BORDEN, EDMUND D. RANDOLPH, OSBORN W. BRIGHT,
JOHN G. McCULLOUGH, GEORGE W. PERKINS, E. PARMALEE PRENTICE.
This Company is authorized to act as Executor, Trustee, Administrator, Guardian, Agent,
Receiver, Registrar and Transfer Agent of Stocks and Bonds, and is a legal depository for Court
and Trust funds. Will take entire charge of real and personal estates, collecting the income and
profits, and attending to all such details as an individual in like capacity could do.
Receives deposits subject to check, allowing interest on daily balances, and issues certificates of
deposit, bearing interest.
HOLLISTER & BABCOCK,
BANKERS AND BROKERS,
17 AND 19 BROAD STREET,
NEW YORK.
MEMBERS OF THE NEW YORK STOCK EXCHANGE
AND DEALERS IN
INVESTMENT SECURITIES.
CAPITAL, $200,000
DEPOSITS, $5,000,000
UNDIVIDED
PROFITS, $700,000
The New Jersey
Title Guarantee & Trust Co.
83 and 85 MONTGOMERY ST., JERSEY CITY, N. J.
TITLE DEPARTMENT Titles Guaranteed to Real Estate in any part of New Jersey.
SAFE DEPOSIT
DEPARTMENT
TRUST DEPARTMENT
Safe Deposit Vaults as perfect in construction and complete
in safeguards as the best in the world. Boxes $5 to $350 per
annum. No inheritance tax is imposed \ipon deposits in
New Jersey of either residents or non-residents.
Executes all trusts known to the Law. Receives deposits
subject to check and allows interest on daily balances. Issues
time and demand certificates of deposit bearing interest.
ACCOUNTS SOLICITED
J. E. HULSHIZER, President.
GEO. F. PERKINS, Vice-Pres.
WM. H. CORBIN, Vice-Pres.
DANIEL E. EVARTS, Sec. and Treas.
THE NEW AMSTERDAM NATIONAL BANK
OF NEW YORK
No. 5783
CAPITAL,
SURPLUS,
R. R. MOORE,
C. W. MORSE,
G. J. BAUMANN,
J. G. HEMERICH,
C. T. BARNEY,
J. ROMAINE BROWN,
FRANK CURTISS,
Jos. J. KITTEL,
R. V. LEWIS,
OFFICERS:
DIRECTORS;
JAS. McMAHON,
R. R. MOORE,
C. W. MORSE,
H. F. MORSE,
$5OO,OOO.OO
$5OO,OOO.OO
President.
- Vice- President.
Cashier.
Assistant Cashier.
DAN'L O'DAY,
FRANK W. SANGER,
Louis STERN,
GEO. J. SMITH,
F. K. STURGIS.
Reserve Deposit and Collection Connections from and with National Banks, State
Banks, Bankers and Trust Companies invited. Correspondence requested as to special terms.
STUYVESANT FISH
VICE-PRESIDENT
GEORGE S. HICKOK
CASHIER
23
RICHARD DELAFIELD
PRESIDENT
ALBERT H. WICCIN
VICE-PRESIDENT
EDWARD J. BALDWIN
ASST. CASHIER
GILBERT C. THORNE
VICE-PRESIDENT
FRED'K O. FOXCROFT
2ND ASST. CASHIER
THE
NATIONAL PARK BANK
OF NEW YORK.
ORGANIZED 1856.
Capital and Surplus
$6,000,1
ISSUES TRAVELERS' LETTERS OF CREDIT, AVAILABLE IN
ALL PARTS OF THE WORLD, BUYS FOREIGN EXCHANGE,
AND SELLS DRAFTS AND CABLE TRANSFERS. .
JOSEPH T. MOORE,
STUYVESANT FISH,
GEORGE S. HART,
CHARLES STERNBACH,
CHARLES SCRIBNER,
DIRECTORS:
EDWARD C. HOYT,
W. ROCKHILL POTTS,
AUGUST BELMONT,
RICHARD DELAFIELD,
FRANCIS R. APPLETON,
JOHN JACOB ASTOR,
GEORGE S. HICKOK,
GEO. FRED'K VIETOR,
ALBERT H. WIGGIN,
CORNELIUS VANDERBILT.
24
CENTRAL TRUST COMPANY
OF NEW YORK,
ISTo. 54 •VVoill Street.
CAPITAL, $1,000,000.
UNDIVIDED PROFITS, $12,803,722.62.
Allows interest on deposits, returnable on demand, or at specified dates.
Is a legal depository for money paid into Court. Is authorized to act as
Executor, Administrator, Guardian, or in any other position of trust.
Also as Registrar or Transfer Agent of Stocks and Bonds, and as Trustee
for Railroad and other Mortgages.
F. P. OLCOTT, President.'
GEO. SHERMAN, Vice-President.
E. F. HYDE, 2d Vice-President.
B. G. MITCHELL, 3d Vice-President.
J. N. WALLACE, 4th Vice-President.
GEO. BERTINE, Secretary.
F. L. GRANT, Asst. Secretary.
F. B. SMIDT, Asst. Secretary.
EXECUTIVE COMMITTEE.
THE PRESIDENT.
SAMUEL D. BABCOCK, ADRIAN ISELIN, JR.,
CHARLES LANIER, A. D. JUILLIARD,
JNO. S. KENNEDY, SAMUEL THORNE,
CORNELIUS N. BLISS, JAS. N. JARVIE.
BOARD OF TRUSTEES.
Class of 1903.
SAM'L D. BABCOCK,
JOHN S. KENNEDY,
SAMUEL THORNE,
ADRIAN ISELIN, JR.,
E. F. HYDE,
J. KENNEDY TOD.
Class of
CHAS. LANIER,
F. P. OLCOTT,
HENRY TALMADGE,
GEORGE SHERMAN,
A. D. JUILLIARD,
JAMES SPEYER.
Class of 1905.
WM. ALLEN BUTLER,
GEO. MACCULLOCH MILLER,
CORNELIUS N. BLISS,
JAS. N. JARVIE,
WILLIAM A. READ,
GEORGE BERTINE.
OF NEW YORK,
Nos. 45 and 47 Wall Street.
Capital -
Surplus and Undivided Profits
- $2,OOOfOOO.OO
- I 1 ,752,379.36
This Company is a legal depository for moneys paid into
Court, and is authorized to act as guardian, trustee, executor
or administrator.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn after five days'
notice, and will be entitled to interest at such rates as may be
agreed upon.
Executors, Administrators, or Trustees of Estates, Religious
and Benevolent Institutions, and individuals will find this
Company a convenient depository for money.
LYMAN J. GAGE, President. D. WILLIS JAMES, Tice-President.
JAMES S. CLARK, Second Vice-President.
HENRY L. THORNELL, Secretary. LOUIS G. HAMPTON, Assistant Secretary.
SAMUEL SLOAN,
D. WILLIS JAMES,
JOHN A. STEWART,
JOHN HARSEN RHOADES,
ANSON PHELPS STOKES,
JOHN CROSBY BROWN,
EDWARD COOPER,
W. BAYARD CUTTING.
TRUSTEES:
CHARLES S. SMITH,
WM. ROCKEFELLER,
ALEXANDER E. ORR,
WILLIAM H. MACY, JR.,
WM. D. SLOANE,
GUSTAV H. SCHWAB,
FRANK LYMAN,
GEORGE F. VIETOR,
JAMES STILLMAN,
JOHN CLAFLIN,
JOHN J. PHELPS,
JOHN S. KENNEDY,
D. O. MILLS,
LEWIS CASS LEDTARD,
MARSHALL FIELD.
LYMAN J. GAGE.
The Farmers' Loan and Trust Company,
CHARTERED 1822.
NOS. 16, 18, 2O <ft 22 WILLIAM STREET,
NEW YORK.
CAPITAL, . . . $1,000,000.00
UNDIVIDED PROFITS, 6,800,000.00
The Company is a legal depositary for moneys paid into Court, and is
authorized to act as Executor, Administrator, Trustee, Guardian, Receiver, and in all
other Fiduciary capacities.
Acts as Trustee under Mortgages made by Railroad and other Corporations,
and as Transfer Agent and Registrar of Stocks and Bonds.
Receives deposits upon Certificates of Deposit, or subject to check and allows
interest on daily balances.
Manages Real Estate and lends money on bond and mortgage.
Acts as Agent for the transaction of any approved financial business.
EDWIN S. MARSTON, President.
THOS. J. BARNETT, ad Vice-President.
SAMUEL SLOAN, JR., Secretary.
AUGUSTUS V. HEELY, Asst. Secy.
WILLIAM B. CARDOZO, Asst. Secy.
CORNELIUS R. AGNEW, Asst. Secy.
BOARD OF DIRECTORS.
SAMUEL SLOAN, JAMES STILLMAN, MOSES TAYLOR PYNE,
WILLIAM WALDORF ASTOR, HENRY A. C. TAYLOR, S. S. PALMER,
D. O. MILLS, D. H. KING, JR., CLEVELAND H. DODGE,
ROBERT F.B ALLAN TINE, ROBERT C. BOYD, JOHN L. RIKER,
FRANKLIN D. LOCKE, E. R. HOLDEN, DANIEL S. LAMONT,
GEORGE F. BAKER, WILLIAM ROWLAND, HENRY HENTZ,
A. G. AGNEW, EDWARD R. BACON, H, VAN RENSSELAER KENNEDY,
CHARLES A. PEABODY, HENRY H. ROGERS, ARCHIBALD D. RUSSELL,
HUGH D. AUCHINCLOSS, EDWIN S. MARSTON, P. A. VALENTINE.
Hortb Unterican
Crust Company
J35 BROADWAY
Corner Cedar Street NEW YORK
Capital and Surplus
$4,800,000
Officers
Oakleigh Thorne,
President.
Heman Dowd,
Wm. H. Chesebrough,
Richard J. Scoles,
Vice-Presidents.
S. D. Scudder,
Treasurer.
G. M. Wynkoop,
Secretary.
Executes
Trusts of
Every
Description
Receives
Deposits
subject to Check.
Credits Interest
on daily balances.
Collects Coupons
Notes, Checks and
other obligations.
Issues
Certificates
of Deposit, bearing
Interest.
Acts as Trustee
of Mortgage Bonds
and Individual
Trusts.
Registrar and
Transfer Agent
Manages
Estates
as Receiver, Exec-
utor, Administrator
or Trustee.
Acts as Fiscal
Agent
for Underwritings and
Subscriptions.
TRUSTEES
5
Horace E. Andrews
H. S. Black
Wm. H. Chesebrough
Jonathan B. Currey
E. A. DeLima
Heman Dowd
R. L. Edwards
H. B. Hollins
John Hone
James Jourdan
James S. Kuhn
Charlton T. Lewis
Allan McCulioh
Joy Morton
Jos. J. O'Donohue, Jr.
E. C. Potter
JohnJ. Riker
Henry F. Shoemaker
Edwin Thorne
Oakleigh Thorne
John C. Tomlinson
Warner Van Norden
Richard N. Young
BROWN BROTHERS
New York 59 Wall Street
Philadelphia, 4th and Chestnut Streets
Boston 50 State Street
ALEX. BROWN & SONS, Baltimore
ALL CONNECTED BY PRIVATE WIRE
Members of New York, Philadelphia and Baltimore
Stock Exchanges. Orders for purchase and sale of Stocks,
Bonds and all Investment Securities promptly executed.
INTERNATIONAL CHEQUES
Commercial and Travelers' Letters of Credit, available
in all parts of the world, issued upon satisfactory terms.
Bills of Exchange and Cable Transfers bought and sold.
COLLECTIONS MADE ON ALL POINTS
Deposit Accounts received upon favorable terms; also
issue Certificates of Deposit payable on demand, or of «
stated period.
BROWN, SHIPLEY * CO
Founder's Court, Lothbury, London
AND FOR THE SPECIAL CONVENIENCE OF TRAVELERS
123 Pall Mall, S. W.
THIRTY -FIFTH
ANNUAL NUMBER
Street Raihvay and Traction Companies, Industrial and Other
Corporations and statements oi the debts of the United States,
the several States, Municipal! ties etc.
J,
EFFINGHAM WILSON, R OYAL EXC H AN G E LDNDON.
\\itxttrt!, \
American Bank Note 'Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
tie
,t7£!
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MVERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
co
29
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30
PHILADELPHIA
MODERN MACHINE TOOLS
SHAFTING
TURNTABLES
ETC.
INJECTORS
ETC.
„-»..- - -
TRAVELING CRANES
POOR'S MANUAL FOR 1902.
GENERAL INDEX.
THE statements presented in this number of the MANUAL are arranged in four sections —
the first (pages 1 to 846) comprising the statements of all the Steam Railroads in the
United States and Canada and the chief ones in Mexico ; the second (pages 847 to 1085) com-
prising the statements of all the Street Railway and Traction Companies in the United States ;
the third (pages 1086 to 1197) containing statements of the leading Industrial Corporations and
Organizations Auxiliary to the Railway Interests ; and the fourth (pages 1199 to 1333) con-
taining statements showing the Finances and Resources of the United States, the several
States, and the chief Counties, Cities, and Towns in the country. Following is a complete
TABLE OF CONTENTS.
PAGES.
Statements of Steam Railroads in the United States 1 to 767
Dominion of Canada, Steam Railroads in 768 to 821
Mexico, Chief Railroads in 822 to 84(i
Street Railways, Department of 847 to 1085
Miscellaneous Corporations, Department of 1086 to 1197
United States, Finances and Resources of 1199 to 1203
State and Municipal Indebtedness, Department of 1203 to 13*3
Dividends Paid by Steam Railroad Companies. -1895 to 1902 1334 to 1351
" " Street Railroad Companies.— 1895 to 1902 1350 to 1357
" " Industrial Corporations.— 1895 to 1902 1358 to 1383
Ready Reference Bond List of Leading Steam Railroads 1364 to 1445
Annual Meetings and Transfer Agencies, Steam Railroads 1446 to 1472
Street Railways 1473 to 1485
" " " " " Industrial Corporations 1486 to 1489
Postscript and Addenda, containing information received too late for insertion in its regular order. 1490 to 1530
Directory of Railway Officials.— List of Officers of Operating Roads in the United States and
Canada and of the Chief Railroads in Mexico 1531 to 1606
Classified Index to Advertisers 1608 to 1640
Railroads Merged in Other Lines. (See Lists following Part 6 of General Index.)
LIST OF MAPS.
BKTWEEN
PAGES.
1.— Maine, New Hampshire and Vermont... Intro. & 1
2. — Massachusetts, Rhode Island and Connec-
ticut 32- 33
3.— New York .' 64- 65
4.— New Jersey and Pennsylvania 128-129
5.— Delaware, Maryland, Virginia and West
Virginia 176-177
6.— North Carolina and South Carolina 192-193
7. — Georgia and Alabama 224-225
8.— Florida 256-257
9.— Kentucky and Tennessee 272-273
10.— Mississippi, Arkansas and Louisiana 288-289
11.— Ohio 320-321
1 2.— Indiana ... 352-353
BETWEEN
PAGES.
13.— Illinois 384-385
14.— Michigan and Wisconsin 416-417
15.— Nebraska and Kansas 432-433
16.— Oklahoma and Indian Territory and Texas.456-457
17.— Iowa and Missouri 480-481
18.— Utah, Colorado, Arizona and New Mex-
ico 512-513
19.— North Dakota, South Dakota and Minne-
sota 528-529
20.— Montana, Wyoming and Idaho 544-545
21.— Washington and Oregon 592-593
22.- California and Nevada 608-609
23.— Canada, Eastern Section 768-769
24.— Canada, Western Section 800-801
GENERAL INDEX — STEAM RAILROADS.
GENERAL I1VDEX— Part 1 : Steam Railroads in the United
States, Canada and Mexico.
THE names of the Kailroad Companies following are the present titles of the
companies whose statements are given in the MANUAL. Many of the railroads
comprise lines- constructed under different names. A list is appended to this
General Index (following Part 6) of former companies, the titles of which have
been changed, or whose lines have been acquired by others, with the name of
the company to whose statement reference is now to be made.
Steam Railroads.
•A. PAGE
Abbotsford & Northeastern RR.* \ \ .. . . 415
Aberdeen & Asheboro Ry.* f \ 247
Aberdeen & Rockfish RR. f . . '. 247
Adena RR 1490
Addison RR. * f . 35
Addison & Susquehanna RR. f 627
Addyston & Ohio River RR 415
Adirondack Ry . f \ 77
Almapee & Western Ry • • • • 416
Akron & Barberton Belt RR. \ 1490
Akron & Chicago Junction RR. f 54
Alabama, Map of Bet. pp. 224 and 225
Alabama— State, County & City Debts. . 1203
Alabama — Street Railways in 847
Alabama & Tombigbee RR. f 296
Alabama &VicksburgRy.* ft 287, 1490
Alabama Great Southern RR. f J . . .284, 1490
Alabama Great South'nRy. Co. (Ltd.)*t t 287
Alabama, New Orleans, Texas & Pacific
Junction Rys. Co., Ltd. (The) 1086
Alameda & San Joaquin RR 614
Alamogordo & Sacramento Mountain Ry.
n 493
Albany & Northern Ry. ft 248
Albany & Susquehamia RR, * f \. 76
Albany & Vermont RR. *}.... 76
Alberene RR 210, 1495
Alberta Ry. & Coal Co. f 806
Albert Lea & Southern RR 366
Albert Southern Ry. f 1490
Albia & Centerville Ry. * f 570
Alexander & Rich Mountain Ry.f 248
Algoma Central & Hudson Bay Ry. (The) 807
Allegheny & South Side Ry. f 166
Steam Railroads.
PAGE
Allegheny & Western Ry. * f t 69, 1491 .
Allegheny Junction RR 166
Allegheny Terminal Ry. f 70
Allegheny Valley Ry. f \ 672
Allentown RR. f 148
Allentown Terminal RR *\\ 148, 160
Alton Terminal Ry 345
Altoona & Beech Creek RR. f 1532
Ames & College Ry. * f 570
Amsterdam, Chuctanunda & Northern
RR. f 130
Angelina & Neches River RR. f 506
Annapolis & Chesapeake RR 167
Annapolis, Wash. & Baltimore RR. * f. . 166
Ann Arbor RR. (Map) ft 304, 1491
Apalachia RR 1491
Aransas Harbor Terminal Ry. $ 506
Arcadia & Betsey River RR. f 416
Arcata & Mad River RR.*f 614
Arizona, Map of Bet. pp. 512 and 513
Arizona — State, County and City Debts. 1205
Arizona — Street Railways in 849
Arizona & New Mexico Ry. f 614
Arizona & Utah Ry. ft 614
Arkansas, Map of Bet. pp. 288 and 289
Arkansas — State, County and City Debts. 1205
Arkansas — Street Railways in 849
Arkansas & Clioctaw Ry.* f 75!)
Arkansas & Louisiana Ry.f 488
Arkansas Central RR. f 488
Arkansas Midland RR, f \ 488
Arkansas Southern RR.* ft 506
Arkansas Southwestern Ry. f 506
Arkansas Western KR. f 506
Arlington RR... 94
Vy («) See, also, Statement of Dividends Paid, 1895-19O2, pages 1334 to
1351, Inclusive; (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1446-1472, Inclusive; and (t) Ready Reference Bond-List, pages 13G4 to 1445,
inclusive. (See Part 5 of this Indesr for Special Index to Sond-List, and Fart 6 for List
of Guaranteed Bonds.)
33
KIDDER, PEABODY & Co.,
115 Devonshire Street, Boston, Mass.
INVESTMENT SECURITIES.
Foreign Exchange. Letters of Credit.
BANK OF MONTREAL
(ESTABLISHED 1817.)
INCORPORATED BY ACT OF PARLIAMENT.
CAPITAL (all paid up), -
RESERVED FUND, -
UNDIVIDED PROFITS,
$12,000,000.00
8,000,000.00
165,856.09
HEAD OFFICE-MONTREAL.
BOARD OF DIRECTORS.
RT. HON. LORD STRATHCONA AND MOUNT ROYAL, G.C.M.G., President.
HON. G. A. DRUMMOND, Vice-President.
EDWARD B. GREENSHIELDS, ESQ. SIR W. C. MACDONALD.
A. P. GAULT, ESQ. JAMES Ross, ESQ.
R. G. REID, ESQ.
A. T. PATERSON, ESQ.
R. B. ANGUS, ESQ.
E. S. CLOUSTON, General Manager.
A. MACNIDER, Chief Inspector, and Superintendent of Branches.
MONTREAL,
BRANCHES:
IN CANADA:
II. V. MEREDITH, Manager.
PROV. OF ONTARIO.
ALMONTE,
BELLEVILLE,
BRANTFORD,
BROCKVILLE,
CHATHAM,
CORNWALL,
DESERONTO,
FORT WILLIAM,
GODERICH,
GUELPH,
HAMILTON,
KINGSTON,
PROV. OF ONTARIO.
LINDSAY,
LONDON,
OTTAWA,
PERTH,
PETERBORO,
PICTON,
SARNIA,
STRATFORD,
ST. MARY'S,
TORONTO,
TORONTO, Yonge St.Br.
WALLACEBURG.
PROV. OF QUEBEC.
MONTREAL,
" West End Br.
" Seign'rs St. Br.
" Pt, St. Charles.
QUEBEC.
LOWER PROVINCES.
CHATHAM, N.B.
FREDERICTON,"
MONCTON,
ST. JOHN,
AMHERST, N. S.
GLACE BAY, "
HALIFAX, "
SYDNEY,
Province of Manitoba and
Northwest Territories-
WINNIPEG, Man.
CALGARY, Alberta.
LETHBRIDGE,Alta.
REGINA, Assiniboia.
Prov. of British Columbia.
GREENWOOD,
NELSON,
NEW DENVER,
N.WESTMINSTER,
ROSSLAND,
VANCOUVER,
VERNON,
VICTORIA.
IN NEWFOUNDLAND: ST. JOHN'S, NFLD., BANK OF MONTREAL.
IN GREAT BRITAIN:
LONDON, BANK OF MONTREAL, 22 Abchurch Lane, E.G., ALEXANDER LANG, Manager.
IN THE UNITED STATES:
NEW YORK, R. Y. HEBDEN and J. M. GREATA, Agents, 59 Wall Street.
CHICAGO, BANK OF MONTREAL, J. W. DE C. O'GRADY, Manager.
BANKERS IN GREAT BRITAIN:
LONDON, THE BANK OF ENGLAND.
" THE UNION BANK OF LONDON.
" THE LONDON AND WESTMINSTER BK.
" THE NAT. PROVINCIAL BANK OF ENG.
LIVERPOOL, THE BANK OF LIVERPOOL, LTD.
( THE BRITISH • LINEN COMPANY
SCOTLAND, BANR AND BRANCHES
BANKERS SN THE UNITED STATES:
NEW YORK, THE NATIONAL CITY BANK.
" BANK OF NEW YORK, N. B. A.
(f ( NATIONAL BANK OF COMMERCE
\ IN NEW YORK.
BOSTON, THE MERCHANTS NATIONAL BANK.
" J. B. MOORS & Co.
BUFFALO, THE MARINE BANK, BUFFALO.
SAN FRANCISCO, THE FIRST NATIONAL BANK
SAN FRANCISCO, THE ANGLO-CALIFORNIAN BANK.
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAGE
Arnot & Pine Creek RR 94
Aroostook Northern RR. \ 4
Aroostook River RR 783
Ashland & Wooster Ry. f 416
Ashland Coal & Iron Ry.* \\ 296
Ashland, Siskiwit & Iron River Ry 1533
Astoria & Columbia River RR. f \ 615
Atchison & Eastern Bridge Co. (The) \\. 506
Atchison, Topeka & Santa Fe Ry.
(The) *\\ 433, 1491
Atchison, Top. & S. Fe Ry. in Chicago. 434
Atlanta & Charlotte Air-Line Ry. *\\.. 239
Atlanta & West Point RR. * ft 194
Atlanta Belt Line 195
Atlanta, Knoxville & Nor. Ry. f t . . .248, 1492
Atlantic & Birmingham RR. \\ 248
Atlantic & Danville Ry. * f \ 239
Atlantic & Lake Superior Ry 807
Atlantic & North Carolina RR.* \\ 249
Atlantic & Northwest Ry 782
Atlantic & St. Lawrence RR. * f 797
Atlantic City RR. \\ 151
Atlantic Coast Line Company (Map) * J-. 195
Atlantic Coast Line RR. (Map) f J 197
Atlantic, Suwannee Riv. & Gulf Ry. f . 766
Atlantic, Valdosta & West. Ry. \ \. . .249, 1516
Attleborough Branch RR. * f 30
Augusta & Savannah RR. * f 207
Augusta & Summerville RR 249
Augusta Belt Ry. f 218
Augusta Southern RR. f \ 241
Augusta Terminal Ry. \ 202
Au Sable & Northwestern RR 416
Austin & Northwestern RR. f \ 610
Austin Dam & Suburban Ry. (see Inter-
national & Great Northern) 1505
Avon, Geneseo & Mt. Morris RR. * f 96
Bachman Valley RR. of Md. f 167
Bainbridge Northern Ry 1535
Bald Eagle Valley RR. * f J : . . . 672
Baltimore & Annapolis Short Line
RR.*t t 167
Baltimore & Cumberland Vy. RR. \ \. . . 165
Baltimore & Cumberland Valley RR.
Extension * f f 165
Baltimore & Cumberland Vy. Ry. f \. . . 165
Bait. & Harrisburg Ry., East.Ext. f 166, 1492
Bait. & Harrisburg Ry., West. Ext. \\.. 166
Baltimore & Harrisburg Ry. *\\ 165
Baltimore & New York Ry.fi 60
Steam Railroads.
PAGE
Baltimore & Ohio RR. System (Map) 42
Baltimore & Ohio RR. (Map) *\\ 44, 1492
Baltimore & Ohio & Chicago RR. f 54
Baltimore & Ohio Southwestern. RR f . . . 56
Baltimore & Philadelphia RR. f 54
Baltimore & Potomac RR. f \ 697
Baltimore & Sparrow's Point RR 167
Baltimore Belt RR 54
Baltimore, Chesapeake & Atlantic Ry. f \ 700
Bangor & Aroostook RR. (Map) \\ 1, 1492
Bangor & Portland Ry. * f t 83
Barclay RR.fJ 167
Bare Rock RR. \ 167
Barnegat RR. f 180, 672
Barre Branch RR. * f 39
Barre RR 36, 1492
Bath & Hammondsport RR. f \ 167
Battle Creek & Sturgis Ry. f t 390
Bay City & Battle Creek Ry. \\ 390
Bayfield Harbor & Great Western Ry 416
Bayfield Transfer Ry 416
Bay of Quinte Ry.* f 807
Bay Ridge & Annapolis RR. \ 61
Bay Terminal RR 416
Bear Lake & Eastern RR. f 416
Beaumont Wharf & Terminal Co. f \ 440
Beaver &Ellwood RR.ft . 130
Beaver Creek RR 249
Beaver Dam RR. \ 1492
Beaver Meadow, Tresckow & New Bos-
ton RR. f 1536
Bedford & Bridgeport Ry. * f J 672
Bedford Belt Ry. J 398
Bedlington & Nelson Ry 530, 814
Beech Creek RR. *\\ 123
Beech Creek Extension RR. \\ 127
Belfast & Moosehead Lake RR. * f \. . . . 20
Belington & Beaver Creek RR 249
Bellaire, Zanesville & Cincin. Ry. \\ 417
Bellefonte Central RR. ft 168, 1492
Belli ngham Bay & British Columbia
RR.fJ 615
Bellingham Bay & Eastern RR. f 615
Belt Line Ry. [Montgomery, Ala.] \ 296
Belt RR. & Stockyard Co. * f f 424
Belt Ry. of Chattanooga f t 286
Belt Ry. Co. of Chicago (The) * f 417
Belvidere Delaware RR. * f \ 672
Benwood & Wheeling Connecting Ry. . . 249
Bergen & Dundee RR 94
Bergen County RR. \ 94
Berkeley RR 1536
Berkeley Springs & Potomac RR 54
BOSTON, MASS.
MEMBERS OF NEW YORK AND BOSTON
STOCK EXCHANGES
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LOANS TO CORPORATIONS
NEGOTIATED FOR SHORT OR LONG PERIODS
GENERAL INDEX — STEAM RAILROADS.
37
Steam Railroads.
PAGE
Berkshire RR. *\ 26
Berlin Branch RR. f \ 168
Berlin RR. -j- 54
Bessemer & Lake Erie RR 63
Bessemer & Southwestern RR 1537
Big Falls Ry 417
Big Level & Kinzua RR. \\ 169
Jig Sandy Ry. (See Chesapeake & Ohio
Ey.) 1495
Big Stone Gap & Powell's Valley Ry. \ \ 249
Big Stony Ry.f \ 249
Jirminghain & Atlantic RR. f | 296
Birmingham Southern RR 296
Bismarck, Washburn & Great Falls Ry . 570
Black & Cache River RR. \ 506
Black Hills & Fort Pierre RR 338
Black well, Enid & Southwestern Ry. . . 752
Black well, Enid & Texas Ry 1537
Bloornsburg & Sullivan RR.f \ 168
Blue Ridge Ry. . 250
Bodeaw Valley RR 1537
Bodie Ry. & Lumber Co 1537
Boise City Ry. & Terminal \ 569
Boise, Nampa & Owyhee Ry.f 615
Booher Branch 173
Book Cliff RR 1537
Boone Co. & Booneville RR. \\ 408
Boone, Rockwell City & Northw'n Ry. . 571
Boonville RR. Bridge Co. $ 469
Boonville, St. Louis & Southern Ry. f \. 480
Boston & Albany RR. * f \ 123
Boston & Lowell RR. * \, \ 9
Boston & Maine RR. * f J 5, 1492
Boston & Maine RR. System 4
Boston & New York Air Line RR. *\\. 27
Boston & Providence RR. * f J 30
Boston, Revere Beach & Lynn RR.* f \ . 36
Bowden Lithia Springs Short Line RR.. 1538
Bowling Green RR 350
Boyle & Sunflower River RR 295
Boyne City & Southeastern RR. f 417
Bradford & West. Penn. RR.f 168
Bradford, Bordell & Kinzua Ry.f \ •. 168
Bradford Ry 680
Branch ville & Bowman RR.f \ 250
Brattleboro & Whitehall RR. f 17
Bridgton & Saco River RR.*fJ 37
Brinkley, Helena & Indian Bay RR. 489, 1493
British Yukon Ry 808
Bristol RR.ft 37
Brockport & Shawmut RR 95
Brockville, Westport & Sault Ste.
Marie Ry. \ 808
Steam Rnllroadn.
PAQB
Brookfield Ry 109
Brooklyn & Jamaica RR 688
Brooklyn & Rockaway Beach RR. * \ \. . 169
Brooksville & Hudson RR 1493
Brookville Ry. f 169
Brownstone & Middletown RR.f 169
Brownsville & Gulf RR 839
Brunswick & Birmingham RR. J . . .250, 1493
Brunswick & Chillicothe RR. f J 408
Buchanan & St. Joseph RR 417
Buckeye Coal & Ry 360
Bucksport & Elk River RR 615
Buffalo & Lake Huron Ry. f 798
Buffalo & Susquehanna RR. (Map) * \ \. 624
Buffalo, Attica & Arcade RR. f 169
Buffalo, Bradford & Pittsburgh RR. f \ . . 95
Buffalo Creek RR. * f \ 170
Buffalo Creek Transfer RR.f 170
Buffalo Erie Basin RR 124
Buffalo, Rochester & Pittsburgh Ry.
(Map) *\\ 65, 1493
Burlington & Northwestern Ry. f 333
Burlington & Western RR. f 333
Burlington, Cedar Rapids & Northern
Ry. (Jfop)*ft 518
Burlington Route, Map of 327
Burnside & Cumberland River Ry. ft- • • 297
Bustleton RR. f 673
Butte, Anaconda & Pacific Ry. * f \ 1105
Cache Valley RR 1539
Cadiz RR 1494
Cairo RR.* f 170
Cairo, Memphis & Southern RR. and
Transportation Co 1539
Cairo & Kanawha Valley RR. \\ 250
CaldwellRy 95
Caldwell & Northern RR. f 250
Calgary & Edmonton Ry 784
California, Map of Bet. pp. 608 and 609
California— State, County & City Debts . 1206
California — Street Railways in 850
California & Nevada RR 616
California & Northern RR 617
California Eastern Ry. f f 616
California North w't'rn Ry. (Map)\\ 575, 1494
Cambria & Clearneld RR. \ \ 672
Cambria Terminal RR 1494
Camden & BurHngton County RR. * f J. 672
Cammal & Black Forest RR. f 170
38
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAOE
Campbell Hall Connecting RR. f \ 178
Canada — Street Railways in 1079
Canada, Railroads in the Dominion of. . 768
Canada (East.Sec.),Map of. Bet. pp. 768 and 769
Canada (West. Sec.), Map of.Bet.pp.SQQand 801
Canada Atlantic Ry. f 772
Canada Coals & Ry. Co. (Ltd.) f 808
Canada Eastern Ry 808
Canada Southern Bridge f \. 391
Canada Southern Ry. * f t 390
Canadian Government Rys 811
Canadian Northern Ry 808, 1494
Canadian Pacific Ry. * f 773
Cananea Consolidated Copper Co. 's RR. 1495'
Canastota Northern RR. \ Ill
Cane Belt RR. \\ 507
Canon City & Cripple Creek RR 455
Canton, Aberdeen & Nashville RR 364
Cap de la Magdeleine Ry 780
Cape Ann Granite RR * 37
Cape Fear & Northern Ry 250
Caraquet Ry. f 809
Carbon County Ry .". 455
Carillon & Grenville RR. f 809
Carolina & Northwestern Ry. f \ . 250
Carolina Northern RR. \ 251
Carrabelle, Tallahassee& Georgia RR.f \. 251
Carrollton Short Line Ry ." . . 297
Carson & Colorado Ry. \ 608
Carthage & Adirondack Ry. f \ 124
Carthage RR. f .' 251
Carthage, Watertown & Sacket's Harbor
RR. * f \. . : 126
Cascades RR 569
Cashie & Chowan RR. & Lumber Co. f . 1541
Cassville & Western Ry 507
Catasauqua & Fogelsville RR. *\\ 151
Catawissa RR. * f f 148
Catonsville Short Line RR. f \ 1495
Catskill & Tannersville RR. * f 170
Catskill Mountain Ry. f t 170
Cayuga & Susquehanna RR. * f 82
Central Arizona Ry. f 616
Central Branch Ry . (The) f \ 481
Central Counties Ry 772
Central Dock & Terminal Ry. * f 148
Central New England Ry. \\. .70, 1521, 1522
Central of Georgia Ry. (Map) \ \ . . .203, 1495
Central Ohio RR. *\\ 56
Steam Railroads.
PAOB
Central Ontario Ry. f 809
Central Pacific Ry.* f \ 604
Central Penn. & West. RR. f f 171
Central RR. Co. of New Jersey * f J 156
Central Ry. (Ltd.) f 809
Central Ry. of New Brunswick f 810
Central RR. of Pennsylvania f \ 171
Central RR. of Peoria 429
Central RR. of South Carolina * \ \. . . . 201
Central Texas & Northwestern Ry. J 611
Central Trunk RR 383
Central Union Depot & Ry. Co. * 1541
Central Vermont Ry. f \ 15
Champlain Division (D. & H. Co.) \ 77
Charleston & Western Carolina Ry. f \ . 201
Charleston, Clendennin & Sutton RR. f \. 251
Charlotte, Monroe & Columbia RR 1495
Chartiers Ry. * f t 728
Chateaugay RR. f \ 171
Chateaugay Ry. f \ 171
Chatham RR. * f t 30
Chattahoochee & Gulf RR. * f J 207
Chattahoochee Valley RR. * f $ 252
Chattanooga Southern RR. f 297
Cheat Valley RR 1542
Cherry Valley, Sharon & Albany RR. f . 76
Chesapeake & Nashville Ry 297
Chesapeake & Ohio Grain Elevator Co. f. 214
Chesapeake & Ohio Ry. (Map) * \ $.208, 1495
Chesapeake & Western RR. f \ 252
Chesapeake Beach Ry. f \ 171
Chester & Beck et RR.fi 124
Chester & Delaware River RR. f 152
Chester Creek RR.* f \ 699
Chesterfield & Lancaster RR. 1543
Chester, Perryville & Ste. Genevieve
Ry. \ 507
Chester RR 82
Chestnut Hill RR. * f 149
Chestnut Ridge Ry. j 172
Chicago & Alton Ry . (The) * f \ 306
Chicago & Alton RR.*ft 308
Chicago & East. 111. RR. (Map)* \\ .309, 1496
Chicago & Erie RR. \. 94
Chicago & Illinois Southern RR. f 417
Chicago & Kalamazoo Terminal RR 418
Chicago & Lake Superior Ry. \ 413
Chicago & Northwestern Ry. *f \ . .313, 1496
Chicago & South Bend RR. f 418
IC?" (*) See, also, Statement of Dividends Paid, 1S95-19O2, pages 1334 to
1351, inclusive; (t) Table of Annual Meetings, Transfer Agencies, etc., pages
1446-1472, inclusive; and (J) Ready Reference Bond-List, pages 1364 to 1445,
inclusive. (See Part 5 of this Index for Special Index to Bond-List, and Fart 6 for List
of Guaranteed Bonds.')
39
N. W. HARRIS & GO.
BANKERS
31-33 PINE STREET, NEW YORK
CHICAGO BOSTON
DEALERS IN
GOVERNMENT, MUNICIPAL AND
RAILROAD DONDS
LISTS ON APPLICATION
I
We purchase total issues of bonds secured by
mortgage on established Steam and Street
Railway, Gas and Electric Light properties
Issue TRAVELERS' LETTERS OF CREDIT
available in all parts of the world
40
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAGE
Chicago & Southeastern Ry . f J 418
Chicago & State Line ER. f 393
Chicago & Texas RR. ft 370
Chicago & Wabash Valley RR 418
Chicago & Western Indiana RR.* f J.324, 1497
Chicago, Burlington & Quincy RR.
(Map)* ft 325, 1497
Chicago, Detroit & Canada Grand Trunk
Junction Ry.* f \ 798
Chic. Great Western Ry. (Map)* \ \ .522, 1497
Chicago, Greenville & Southern Ry 425
Chicago, Indiana & Eastern Ry. f \ 418
Chicago, Indianapolis & Louisville Ry.
(Map) * f t 334, 1499
Chicago Junction Ry. * f J 337
Chicago Junction Rys. & Union Stock
Yards Co 1111
Chicago, Kalamazoo & Saginaw Ry.*f . . 418
Chicago, Lake Shore & Eastern Ry. \ . . . 1190
Chic., Milwaukee & St.Paul Ry.* f J.338, 1498
Chicago, Peoria & St. Louis Ry. Co. of
Illinoisf | 344
Chicago, Rock Island & El Paso Ry 629
Chicago, Rock Island & Mexico Ry 629
Chicago, Rock Island & PacificRR. ( Map). 628
Chicago. Rock Island & Pacific Ry.
(Map)*\$ 628
Chicago, Rock Island & Texas Ry. \ \. . 637
Chicago, St. Paul, Minneapolis & Omaha
Ry.*tt 321
Chicago Terminal Transfer RR. \ \ 346
Chicago Union Transfer Ry. Co. f 419
Chickawsaha & Jackson RR. f 1549
Chihuahua & Pacific RR. f 843
Chippewa River & Menominee Ry. f . . . . 419
Chippewa Valley & Northern RR ..... 419
Chippewa Valley & Northwestern Ry. . . 322
Choctaw, Oklahoma & Gulf RR. * \ \ . . . 634
Cincinnati & Dayton Ry. \ 350
Cincinnati & Licking River RR 297
Cincinnati & MuskingumValley RR.* f \ . 734
Cincinnati & Southern Ohio River RR. . 372
Cincinnati & Westwood RR. f \ 419
Cincinnati, Georgetown & Ports. RR.fJ. 419
Cin. , Hamilton & Dayton Ry. (Map) * f \ . 348
Cincinnati, Hamilton & Indianapolis
RR. $ 351, 1499
Cincinnati, Indianapolis & Western Ry. 1499
Cincinnati, Lebanon & Northern Ry. f J . 734
Steam Railroads.
PAGE
Cincinnati, New Orleans & Texas Pacific
Ry.*f 289, 1499, 1500
Cincinnati Northern RR. $ 378, 1500
Cincinnati Northwestern Ry 1500
Cincinnati, Ports. & Virginia RR. \ 224
Cincinnati, Richmond &Ft.WayneRR.fJ. 743
Cincinnati, Richmond & Muncie RR. \\. 419
Cincinnati, Saginaw & Mackinaw RR.f . 799
Cincinnati Southern Ry 289
Cincinnati Street Connection Ry. \ 729
Cincinnati Water Works RR 419
City Terminal Ry 526
Clarendon & Pittsford RR. * f 37
Clarion River Ry. * f 136
Clearfiel d & Mahoning Ry . * \ \ 70
Clearfield Southern RR. \ \ 172
Clendenin &fSpeucer RR 1551
Cleveland ^Mahoning Valley Ry. * f \ . 96
Cleveland & Marietta Ry . \ \ 721
Cleveland & Pittsburgh RR. * \ \ 717
Cleveland, Akron & Columbus Ry.
(The)*ff 732
Cleveland, Cincinnati, Chicago & St.
Louis Ry. (Map) * f \ 372, 1500
Cleveland, Lorain & Wheeling Ry. * f \. 58
Cleveland Terminal & Valley RR. f \. . . 59
Cleveland, Wooster & Muskingum Val-
ley RR 54
Coahuila & Pacific RR 843
Coahuila & Zacatecas Ry 1551
Coal & Iron Ry. f ^ 247
Coal RR' 430
Colchester Ry. \ 27
Colebrookdale RR. f t 148
Colfax Northern RR. f \ 571
Collins & Reidsville RR. \ \ 252
Colorado, Map of Bet. pp. 512 and 513
Colorado— State, County & City Debts. . 1207
Colorado — Street Railways in 856
Colorado & Northwestern Ry. f \ 507
Colorado & Southern Ry. * \ \ 443, 1500
Colorado & Wyoming Ry 507
Colorado Eastern RR.f 507
Colorado Midland Ry. (The) \\ 445
Colorado Springs & Cripple Creek Dis-
trict Ry. f t 508
Columbia & Kootenay Ry 780
Columbia & Palouse RR. \ 569
Columbia & Port Deposit Ry. * f \ 673
KJ~ (*) See, also, Statement of Dividends Paid, 1S95-19O2, pages 1334 to
1351. Inclusive; (f) Table of Animal Meetings, Transfer Agencies, etc., pages
144O-1472, inclusive; and (J) Ready Reference Bond-List, pages 1364 to 1445,
Inclusive. (.See Part 6 of this Index for Special Index to liond-IAst, and Part 6 for Zi»«
of Guaranteed Bonds.")
LEE, HIGGINSON & Co.
44 STATE STREET
BOSTON, MASS.
INVESTMENT
SECURITIES
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BOSTON AND CHICAGO
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212 La Salle Street 96 Michigan Street
CHICAGO MILWAUKEE
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DEALERS IN
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List of our Current Investment
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Members -\
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Commission Orders Executed in All Markets
GENERAL INDEX — STEAM RAILROADS.
43
Steam Railroads.
PAGE
Columbia & Puget Sound RR. f 1155
Columbia & Red Mountain Ry. * f \ 538
Columbia & St. Louis RR. \ (See Wa-
bash RR.)
Columbia, Newberry & Laurens RR.f \ 252
Columbia Ry. & Navigation Co.f \ 616
Columbia Southern Ry.f \ 616
Columbus & Cincinnati Midland RR. •)•:{:. 56
Columbus & Xenia RR. * f \ 729
Columbus Connecting & Terminal KK. . 2Ji4
Columbus, Findlay & Northern RR 851
Columbus, Hope & Greensburg RR. f \. 376
Columbus, Kiukora & Springfield RR .f \ 673
Columbus, Lima & Milwaukee Ry. \. . . 420
Columbus, S'd'sky & H'k'ng RR.f \ .352, 1501
Columbus Terminal & Transfer RR. \. . 353
Columbus, Wellston & Southern RR.j. . 420
Colusa& LakeRR. *f t 616
Concord & Claremont RR. (N. H.) f \. . . 13
Concord & Montreal RR. * f t 10
Concord & Portsmouth RR. * f 11
Conesus Lake Ry 94
Confluence & Oakland RR 54
Congress Consolidated Mines Co., Ltd.,
RR. f 616
Connecticut, Map of Het. pp. 32 and 33
Connecticut — State, County & City Debts 1209
Connecticut — Street Railways in 857
Connecticut & Passumpsic Rivers RR.*ft 10
Connecticut River RR. * f \ 11
Connecting Ry. * \ \ 673
Connecting Terminal RR.* \\ 172
Conway & Seashore RR 1552
Cooperstown & Charlotte Valley RR.f. . 172
Cooperstown & Susquehanna Vy. RR. f \ 172
Coos Bay, Roseburg & Eastern RR. &
Navigation Co.f \ 617
Copper Range RR. f \ 420
Cornwall RR.* f 172, 1501
Cornwall & Lebanon RR.* f \ 173
CoronadoRR. f 617
Corvallis & Eastern RR.f \ 617
Coshocton RR 420
Cotton Belt & Northern Ry 1553
Cotton Belt Route, Map of 499
Coudersport & Port Allegany RR.* f J. . 173
Covington & Cincinnati Elevated RR. &
Transfer & Bridge Co. f t 214
Crawford & Manistee River Ry.f 420
Credit Valley Ry 782
Cresson & Irvona RR. f \ 673
Cromwell Steamship Co 608
Crooked Creek RR. & Coal * f 571
Steam Railroad*.
PAGE
Crow's Nest Southern Ry. (See Mon-
tana & Great Northern Ry.). 529
Crystal Ry 508, 1501
Crystal River RR.f 508
Cumberland & Penn. RR. f $..... 1119
Cumberland Ry. & Coal Co.f 810
Cumberland Valley & Martinsburg RR. . f 683
Cumberland Valley & Waynesboro RR. f 683
Cumberland Valley RR. * f J 681
Dakota & Great Northern Ry 529
Dakota Pacific RR. \ 571
Dallas & Waco Ry. \ 469
Dallas Terminal Ry. & Union Depot Co. 502
Danbury & Norwalk RR. * f $ 27
Dansville & Mt. Morris RR.f J 178
Danvers RR. f 12
Danville & Western Ry. f 241
Dardanelle & Russellville Ry-ft 508
Darien & Western RR.ff 252
Davenport, Rock Island & Northwestern
Ry.f 571
Dawson Ry. & Coal Co. \ 494
Dayton & Michigan RR. * f \ 350
Dayton & Union RR. f \ 353
Dayton & Western RR 729
Dayton, Lebanon & Cincinnati RR.f f . . . 420
Dead River RR 420
Deepwater RR. f 210
DeKalb & Great Western Ry. f 526
Delaware, Map of Bet. pp. 176 and 177
Delaware— State, County & City Debts . . 1211
Delaware — Street Railways in 863
Delaware & Bound Brook RR. * f } 148
Delaware & Hudson Co. (The) * f j 72
Delaware & Hudson Co.'s System —
Champlain Division 77
Delaware & Hudson Co.'s System —
Saratoga Division 76
Delaware & Hudson Co.'s System —
Susquehanna Division. 76
Delaware, Lackawanua & Western RR.
(Jfop)«t t 78, 1521
Delaware, Maryland & Virginia RR.f \. 698
Delaware River RR. & Bridge. * f \. . . . 673
Delaware RR. *f \ 698
Delaware, Susquehanna & Schuylkill
RR.*fJ 84
Delaware Valley RR 173
Delaware Valley & Kingston RR 87
GENERAL INDEX— STEAM RAILROADS.
• Steam Railroads.
PAGE
Belong & Chamberlain ER 573
Denison & Pacific Suburban Ry 505
Denison & Washita Valley Ry 469
Denison, Bonham & New Orleans RR. . . 1501
Denver & Rio G rande RR. (Map) * ft. 447, 1 501
Denver & Southwestern Ry. * f \ 455
Deu ver, Lakewood & Golden RR. \\ 508
Depew & Tonawanda RR. 110, 1522
De Pue, Ladd & Eastern RR 420
Des Moines & Fort Dodge RR. * \\ 632
Des Moines, Iowa Falls & Northern Ry.J 1502
Des Moines Union Ry.f \ 571
Detroit & Bay City RR. \\ 390
Detroit & Charlevoix RR 421
Detroit & Chicago RR 383
Detroit & Mackinac Ry. \\ 354
Detroit, Delray & Dearborn RR 390
Detroit,Grand Haven & Milwaukee Ry. \ % 799
Detroit, Hillsdal e & Southwestern RR. * j 386
Detroit, Monroe & Toledo RR. \ 383
Detroit Southern RR.f \ 355
Detroit, Toledo & Milwaukee RR 378
Detroit Union RR. Depot & Station Co.
(The) * f 421
Dexter & Newport RR.* \ \ 20
Dexter & Piscataquis RR.* f \ 21
Dillsburg & Mechanicsburg RR. \ \ 683
Direct Navigation Co. (The) \ 608
District of Columbia — Debt of 1212
District of Columbia — Street Rys. in ... 865
Dominion Atlantic Ry 810
Dominion of Canada, Steam RRs. in ... 768
Dominion of Canada, Street Rys. in 1079
Dooly Southern Ry.f 252
Dover & Rockaway RR. * \ \ 160
Downington & Lancaster RR. f \. 674
Drummond & Southwestern Ry. f \ .... 421
Drummond County Ry. f 811
Dry Fork RR. \ \ 253
Dubuque & Sioux City RR.* \ \ 370
Duluth & Iron Range RR. \ 1190
Duluth & Northeastern RR. f 572
Duluth & Northern Minnesota RR.* f . . 572
Duluth, Missabe & Northern Ry. \ 572
Duluth, South Shore & Atlantic Ry. \\. 785
Duluth Terminal Ry. J 537
Duluth, Virginia & Rainy Lake Ry. \. . . 1502
Dul uth, Watert'n & Pac. Ry. J 536
Dunbar & Wausaukee Ry 421
Steam Railroads.
PAGE
Dunkirk, Allegheny Valley & Pittsburg
RR. ft ....128, 1521
Durham & Charlotte RR. f 253
Dutchess County RR. f J 71
EaglesMereRR.lt 193
East & West RR. f 767
East Broad Top RR. & Coal Co. f J 173
East Carolina Ry 1556
Eastern Kentucky RR. f 297
Eastern Maine Ry. * f 21
Eastern Ohio RR 57
Eastern Oklahoma Ry 434
Eastern Texas RR 1502
Eastern Ry. of Minnesota * f $ 536
East Jordan & Southern RR 1556
East Louisiana RR. f 298
East Mahanoy RR.* f 149
Easton & Amboy RR. f J 110
Eastou & Northern RR. \\ 110
East Pennsylvania RR. * f { 149
East St. Louis & Carondelet Ry. * f 737
East St. Louis Connecting Ry.f 421
East Shore Terminal Co.'s RR. ft 253
East Tenn. & West. No. Carolina RR. f J 253
East Trenton RR. f 149
Ebensburg & Black Lick RR. f \ 674
Eddystone & Delaware River RR.* f 174
Edgmoor & Marietta Ry 1502
Eel River & Eureka RR. * f \ 617
EgyptRy.ft 253
Elgin & Havelock Ry.f 810
Elgin, Joliet & Eastern Ry. \ 1191
Elizabeth town, Lexington & Big Sandy
RR.J 214
Elk & Highland RR 174
Elkton & Guthrie RR. f t 273
Elkton & Middletown RR. of Cecil Co. f 698
Ellaville, Westlake & Jennings RR 1557
Ellen ville & Kingston RR 132
Elliott & Mount Holly RR 1557
Elliston & Southern RR 572
Ellwood Connecting RR. f 130
Ell wood Short Line RR. \ 60
Elmira & Lake Ontario RR. \\ 693
Elmira & Williamsport RR. * \\ 693
ID? (») See, also. Statement of Dividends Paid, I895-19O2, pages 1334 to
1351, inclusive; (t) Table of Annual Meetings, Transfer Agencies, etc., pages
144O-1472, inclusive; and (}) Ready Reference Bond-List, pages 1364 to 1445,
Inclusive. (Sec fart S of this Index for Special Index to Bond-List, and fart 6 for List
of Guaranteed JBond«.)
45
SIMON BORQ & CO.,
BANKERS,
No. 20 Nassau Street, = = New York.
INVESTMENT SECURITIES.
Bonds and Guaranteed Stocks for Banks, Institutions,
Estates and Individual Investors a Specialty.
CIRCULAR AND PRICES UPON APPLICATION.
NEW YORK. BOSTON
H. W. POOR X, CO.,
BANKERS,
18 Wall Street, NEW YORK.
52 Devonshire Street, - BOSTON.
INVESTMENTS IN RAILROAD BONDS A SPECIALTY.
Orders Executed on the New York and London Stock Exchanges.
CORRESPONDENCE INVITED.
GENERAL INDEX— STEAM RAILROADS.
Steam Railroad*.
PAOl
Elmira, Cortland & Northern RR. f.110, 1522
Elrnira State Line RR. *fj 95
El Paso & Northeastern RR. f 493
El Paso & Northeastern Ry. f 493
El Paso & Rock Island Ry. f \ 494
El Paso & Southwestern RR 1502
Ell wood, Anderson & La Pelle RR. ..421, 1193
Emmittsburg RR. f 174
Emporium & Rich Valley RR.f 174
Engelside RR. f 673
Englewood Connecting Ry. * f 728
Enid & Anadarko Ry 630, 1502
Erie & Black Rock RR. f 94
Erie & Cent. New York RR.f \ 1503
Erie & Kalamazoo RR. * f 386
Erie & Pittsburgh RR. * f \ 716
Erie & Wyoming Valley RR. \ 94
Erie RR.* \\ 85, 1503, 1521
Escauaba & Lake Superior RR. f 421
Esquimalt & Nanaimo Ry. f 811
Etna & Montrose RR 174
Eureka & Klamath River RR. f 617
Eureka & Palisade RR.f \ 618
European & North American Ry. *f 21
Evansville & Indianapolis RR.f \ 358
Evansville & Terre Haute RR.*f $ 356
Evansville Belt Ry. f 358
Evansville, Suburban &Newburgh Ry.f 422
Fairchild & Northeastern Ry 422
Fair Hill RR 673
Fairland, Franklin & Martinsville RR.. . 376
Fairmont, Morgantown& Pittsburgh RR. 54
Fall Brook Ry. * f 124
Farmville & Powhatan RR.f \ 253
Fayette County RR. * 61
Findlay, Fort Wayne & Western Ry..f \ 422
Fish River RR 4
Fitchburg RR. * f \ 12
Fitzgerald, Ocmulgee & Red Bluff Ry. . 1503
Florida, Map of Bet. pp. 256 and 257
Florida— State, County and City Debts. . 1213
Florida — Street Railways in 869
Florida Central & Penin. RR. (Map) ft- 767
Florida East Coast Ry 254
Florida Midland RR.. 254
PAGE
750
1558
254
174
466
1558
509
386
457
611
761
298
37
239
11
811
783
674
1559
320
Steam Railroads.
Florida Southern RR. (The) ft .........
Florida Western RR ..................
Flovilla & Indian Springs Ry ..........
Fonda, Jo'nst'n & Qloversv. RR.* f \ ____
Fort Scott, lola & Western RR. (See
Missouri, Kansas & Texas Ry.) ......
Fort Smith & Western RR ............
Fort Smith, Poteau & Western Ry ......
Fort Wayne & Jackson RR. * f ........
Fort Worth & Denver City Ry.* f \ .....
Fort Worth & New Orleans Ry.fi .....
Fort Worth & Rio Grande Ry. f j .......
Frankfort & Cincinnati Ry.f ...........
Franklin & Megantic Ry. \ .............
Franklin & Pittsylvania RR. \ .........
Franklin & Tilton RR .................
Fredericton & St. Mary's Ry. Bridge f . . .
Fredericton Ry .......................
Freehold & Jamesburg Agricultural
RR. * f % . . . ........................
Freeo Valley & Saline Valley Ry .......
Fremont, Elkhorn & Missouri Valley
RR.ft .............. .............
Fulton Chain RR .....................
Fulton Co. Exten. Ry. f J ..............
Fulton Co. Narrow Gauge Ry.f ij: .......
Gadsden & Attalla RR 286
Gainesville & Gulf Ry.* ft 254
Gainesville, Jefferson & Southern RR4. 218
Galesburg & Great Eastern RR 423
Galeton, South Branch & Germania RR. 1559
Galveston, Harrisburg & San Antonio
Ry. f t 609
Galveston, Houston & Henderson RR.f \ 458
Galveston, Houston & Northern Ry. f \. 609
Garnerville RR 98
Genesee & Wyoming RR.* ft 175
Genesee Valley Canal RR 680
Genesef Valley Terminal RR. \ 680
George's Creek & Cumberland RR. i . . . 175
George's Valley RR.f \ 38
Georgetown & W'st'n RR. (The) f t-254, 1503
Georgetown RR 460
Georgia, Map of Bet. pp. 224 and 225
Georgia — State, County and City Debts. 1213
ICT (*) See, also, Statement of Dividends Paid, 1S95-19O2, pages 1334 to
1351, Inclusive; (t) Tawle of Annual Meetings, Transfer Agencies, etc., pages
1446-1472, Inclusive? and (J) Ready Reference Bond-List, pages 1364 to 1445,
Inclusive. (See Fart 5 of this Index for Special Index to Hand-List, and fart 6 for List
of Guaranteed Jionds.)
GENERAL INDEX— STEAM RAILROADS.
Steam Railroads.
PAGE
Georgia — Street Railways in 870
Georgia, Florida & Alabama Ry.f \ 254
Georgia Eastern Ry ". 1560
Georgia Midland Ry. f J 239
Georgia Northern Ry.f \ 255
Georgia RR 216
Georgia RR. & Banking Co.* f \. . . .215, 638
Georgia Southern & Florida Ry.* f f.242, 1503
Gettysburg & Harrisburg Ry. f $ 152
Gila Valley, Gl'be & N'th'n Ry.*f J.613, 1504
Glade Creek & Raleigh RR 1560
GladevilleRR 255
Glasgow Ry.* f \ 273
Glendale & East River RR. f 688
Glenfield & Western RR 1504
Glen Jean, Lower Loup & Deep Water
RR 1495
Glenn Springs RR.f \ 255
Glens Falls RR 76
Gloversv. & Broadalbin RR. \ 175
Goble, Nehalem & Pacific Ry 1504
Goshen & Deckertown Ry.* \\ 96
Gouverneur & Oswegatchie RR.f J. . . . 124
Government Rys. (Canada) in Operation. 811
Grafton & Belington RR 55
Grafton & Brunswick RR 1560
Grafton & Upton RR.* ft 38
Grand Canyon Ry 440
Grand Rapids & Indiana Ry.* f \ 740
Grand Rapids, Kalkaska & Southeastern
RR. \ 396
Grand Rapids Transfer & June. RR.f. . . 423
Grand River Valley RR.* f \ 390
Grand Trunk Ry. Co . of Canada ( Map) * \ 789
Grand Trunk Western Ry.f t 8°1
Gray's Point Terminal Ry. \ 501
Great Falls & Canada Ry.fi 529
Great Neck & Port Washington Ry. \.. 688
Great Northern Ry. Co. of Canada
(Map}\ 804
Great Northern By. * f t 528
Great Northwest Central Ry 780
Green Bay & Western RR. * f t 359
Greenbrier & New River RR. \. . . '. .214, 1495
Greenbrier Ry. f $ 214
Greene RR.* ft 82
Greenville & Hudson Ry. \. Ill
Greenwich & Johnson ville Ry. *f 175
Greigsville & Pearl Creek RR 176
Guelph Junction Ry 780
Gulf & Brazos Valley Ry. f t 509
Gulf & Chicago RR. * f 298
Gulf & Interstate Ry. of Texas f \ 509
Steam Railroad**.
PAGE
Gulf & Ship Island RR. (Map) ft 640
Gulf, Beaumont & Great Northern RR.f \ 441
Gulf, Beaumont & Kansas City Ry. f \. . 441
Gulf, Colorado &_Santa Fe Ry 440
Gulf Shore Ry 812
Gulf, Western Texas & Pacific Ry. f \. . 609
Gunpowder Valley RR 1561
Guthrie & Western Ry 434
Guyandot Valley Ry 214
Hackensack & Lodi RR 99
Halifax & Yarmouth Ry., The (Ltd.) f . . 812
Hamilton & Kingston RR. \ 509, 1504
Hampton & Branch ville RR. f 255
Hampton & St. Martin's Ry 812
Hancock & Calumet RR. * \ 428
Hannibal Union Depot Co. f \ 509
Hanover & Newport RR 83
Harbor Springs Ry 1504
Hardwick & Woodbury RR. f 38
Harlem River & Portchester RR. \\ . 27
Harriman & Northeastern RR. \\ 298
Harrisburg, Portsmouth, Mt. Joy &
Lancaster RR. * \ \ 674
Harrison Branch RR 376
Hartford & Connecticut Western RR.* \\ 71
Hartwell Ry. \ 241
Harvey Branch Ry 1490
Hawkinsville & Florida Southern Ry. f \ 255
Hawthorn, Nebagamon & Superior RR. f 423
Hayt's Corners, Ovid & Willard-RR. ... 112
Hazelhurst & Southeastern Ry. f 423
Hearne & Brazos Valley RR. * f 509
Hecla & Torch Lake RR. f 423
Henderson & Overton RR 460
Henderson Bridge & RR. * \ \ •• 273
Hereford Ry. * f t : 21
Hetch-Hetchy & Yosemite Valleys Ry. of
Cal 618
Hibernia Mine RR. * f 160
Hickory Valley RR 1562
Hidalgo & Northeastern RR 1562
Hocking Vy. Ry. (The) (Map)* \ $..380, 1504
Hodgenville & Elizabethtown Ry. \. 370, 1504
Hoffman & Troy RR 1562
Hollins, Helflin & Sylacauga RR 1562
Holly River & Addison Ry. f t 255
Holston Valley Ry 1562
Holyoke & Westfield RR. * t t 29
Home Avenue RR 350
Hoosac Tunnel & Wilmington RR. * f $. 38
Hopatcong RR 83
48
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAGE
Houston & Shrevep't By. \ \ 610
Houston & Tex. Cent. RR. f \ 610
Houston, Brazos & Northern Ry 509
Houston, East & West Texas Ry. f t 609
Hoyt & Woodin Mfg. Co.'s RR 298
Hudson Highland Bridge & Ry 176
Hunter's Run & Slate Belt RR. \ 176
Huntington & Big Sandy RR. \ \ 58
Huntingdon & Broad Top Mountain RR.
&Coal Co. " 100
laeger & Southern Ry. (See Norfolk &
Western Ry.) 1512
Iberia & Vermilion RR. ft 611
Idaho, Map of Bet. pp. 544 and 545
Idaho— State Debt 1215
Idaho — Street Railways in 872
Illinois, Map of Bet. pp. 384 and 385
Illinois — State, County and City Debts. 1215
Illinois — Street Railways in 873
Illinois Central RR.* f { 364, 1504
Illinois Southern Ry. (The) ft-... 423
Illinois Terminal RR. f 423
Ilwaco Ry. & Navigation Co 569
Independence & Monmouth Ry. f 618
Indiana, Map of Bet. pp. 352 and 353
Indiana — State, County and City Debts. 1217
Indiana — Street Railways in 888
Ind., Deeatur& West. Ry. (Map) f f. 351, 1499
Indiana, 111. & la. RR. Co. (The)*-}- \ 379, 1505
Indiana Northern RR.-f- . . 424
Indianapolis & Vincennes RR. f \ 731
Indianapolis Union Ry. \ 424
Indiana Stone RR. f \ 337
Indian Territory, Map of. .Bet. pp. 456 and 457
Intercolonial Ry 811
International & Gr. Northern RR. f J459, 1505
International Bridge Co. * f 798
International Pacific Ry 1505
Intel oceanic Ry. of Mexico [Acapulco to
Vera Cruz] Ltd. (Map) \ 823
Interstate RR.f 256
Inverness Ry. & Coal Co 812
lola & Northern Ry 434
Iowa, Map of Bet . pp. 480 and 481
Iowa— State, County and City Debts 1219
Steam Railroads.
PAQB
892
Iowa — Street Railways in
Iowa & St. Louis Ry 1505
Iowa Central & Western Ry. f 541
Iowa Central Ry. (Map) * f J 539, 1505
Irondale, Bancroft & Ottawa Ry.f 812
Iron Mountain RR. of Memphis 487
Iron Mountain Ry 618
IronRy. * f 424
Ironton RR. *f 176
Island RR. f 176
Ivorydale & Mill Creek Valley Ry. f 424
Jackson RR 1564
Jackson & Northern RR 1564
Jackson, Lansing & Saginaw RR.* f ^. . . 390
Jackson Springs RR. (see Aberdeen &
Asheboro Ry.) 247
Jacksonville & St. Louis Ry. \ 424
Jacksonville & Southwestern RR. f f . . . . 256
Jamestown & Chautauqua Ry.J 176
Jamestown & Franklin RR.f 386
Jamestown, Chautauqua & Lake Erie
Ry.f J 176
Jefferson RR. \ 94
Jefferson & Northwestern Ry 1505
Jellico, Bird Ey e& Northern Ry.f . .298, 1505
Jerome Park Ry.f \ . 177
Jersey City Belt Lino Ry. f . Ill
Johnsonburg & Bradford RR. ft 70
Jolmsonburg RR. ft 674
Johnstown & Stony Creek RR 1192
Joliet & Chicago RR. * f 309
Joliet & Northern Indiana RR. * f \. . . 390
Jonesboro, Lake City & Eastern RR. f \ 510
Junction RR. * f \ 699
Kalamazoo, Allegan & Grand Rapids
RR.*f % 386
Kalamazoo & South Haven RR. f J 390
Kalamazoo & White Pigeon RR.J. ... 383
Kanawha & Coal River Ry.f \ 256
Kanawha & Michigan Ry. f \ . 402, 1506
Kanawha & Pocahontas RR 256
(CT (*) See, also, Statement of Dividends Paid, 1895-19O2, pages 1334 to
1351, inclusive; (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1446-1472, inclusive; and (t) Ready Reference Bond-List, pages 1364 to 1445,
Inclusive. (/See Part ft of this Index for Special Index to Jiond-List, and Fart 6 for List
of Guaranteed Bonds. ~)
GENEKAL INDEX — STEAM RAILROADS.
49
Steam Railroads.
PAGE
Kanawha Ry 256
Kane & Elk RR 177
Kankakee & Seneca RR. f \ 377
tKanona & Pittsburgh Ry.f \ 177
Kansas, Map of Bet. pp. 432 and 433
Kansas— State, County and City Debts. . 1221
Kansas — Street Railways in 896
Kansas & Ark. Valley Ry . f 487
Kansas & Colorado Pacific Ry. 481
Kansas & Southern Ry 1564
» Kansas & Texas Coal Ry 510
Kansas City & Memphis Ry. & Bridge
Co.f f 760
Kan. City & Northern Connecting RR.f . 495
Kansas City & Southwestern Ry. f... 480
Kansas City & Southwestern Ry. of
Mo.f 481
» Kansas City Belt Ry.*f 510
Kansas City, Clinton & Springfield Ry.f J. 461
Kansas City, Fort Scott & Memphis Ry.J 759
Kansas City, Memphis & Birmingham
RR.ft 761
Kansas City, Mexico & Orient Ry 1506
Kansas City Northwestern RR. f \ 481
Kansas City, St. Louis & Chicago RR.* f \ 309
Kansas City Southern Ry. (The) f \ 462, 1506
Kansas Southwestern RR 441
aslo & Slocan Ry 530, 814
Keating & Smethport RR 177
Keeseville, Ausable Chasm & Lake
Champlain RR. \\ 177
Keithsburg Bridge Co. \ 541
Kelly's Creek RR 256
Kennebec Central RR.* \\ 39
Kennebunk & Kennebunkport RR. * f . . 12
Kenova & Big Sandy RR. (see Norfolk &
Western By.) '. 1512
Kensington & Tacony RR. * 673
Kent Northern Ry.f 813
Kentucky, Map of Bet. pp. 272 and 273
Kentucky— State, County & City Debts. 1223
Kentucky — Street Railways in 897
Kentucky & Indiana Bridge &RR. (The)4 299
Kentucky & South Atlantic RR. f : . . . . 214
Kentucky Western Ry 371
Keokuk & Des Moines RR.* ft 632
Keokuk & Hamilton Bridge Co. f J 572
Kersey RR 136
Ketner & Kay Fork RR 1506
Kewaunee, Green Bay & Western RR. f \ 4"35
Kingfield & Dead River RR 38
Kingston & Central Mississippi Ry 299
Kingston & Pembroke Ry.f 813
Steam Railroad*.
PAGE
Kinniconnick & Freestone RR 214
Kinston & Carolina RR 1565
Kinzua & Tiona RR. f 177
Kinzua Hemlock RR. f 182
Kinzua Ry 680
Kinzua Valley RR 680
Kishacoquillas Valley RR.f 178
Knoxville & Bristol Ry 299
Knoxville, La Follette & Jellico RR 265
Kootenay Ry. & Navigation Co. \ 529, 814
Kootenai Valley Ry 530, 814
Kushequa RR 182
Kymulga & Coosa River RR 1565
Lackawanna & Montrose RR.* f 83
Lackawanna & Susquehanna RR 76
La Fayette Ry 299
Lake Champlain & Moriah RR.* f . . 178
Lake Champlain & St. Lawrence Junc-
tion Ry. f 784
Lake Charles & Leesville Ry 1566
Lake Erie & Detroit River Ry. f 814
Lake Erie & Western RR.* f \ 380
Lake Erie, Alliance & Wheeling RR. f J 425
Lake Sh. & Mich. South.Ry.* f \ 383, 1506, 1521
Lake Side & Marblehead RR. \\ 425
Lake Superior & Ishpemiug Ry. * f \ 425
Lake Superior Terminal & Transfer
Ry. ft 426
Lake Tahoe Ry. & Transportation Co . . 618
Lake Temiscamingue Colonization Ry. . 781
Lake Terminal RR 1192
Lancaster & Chester Ry.* f \ 256
Lancaster & Reading Narrow Gauge RR.f 674
Lancaster, Cecil & South. RR 55
Lancaster, Oxford & Southern RR. f . . . 178
La Salle & Bureau County RR. * f 426
L' Assomption Ry. f 814
Lawrenceville Branch RR. f \ 256
Leaming'n & St. Clair Ry.f \ 391
Leavenworth & Topeka Ry (The) \\ 510
Leavenworth, Kansas & Western RR.f. 570
Leavenworth Term. Ry. & Bridge Co.f j. 510
Leetonia RR. f 179
Lehigh & Hudson Riv. Ry. f £.101, 1521, 1522
Lehigh & Lackawanna RR. f \ 160
Lehigh & New England RR. f \ 178
Lehigh & New York RR. f J 112, 1522
Lehigh & Oxford Ry 1567
Lehigh & Susquehanna RR 160
GENERAL INDEX — STEAM RAILROADS.
Steam Railroad*.
PAGE
Lehigh Valley Coal Co.J 112
Lehigh Valley RR. (Map) * ft 103, 1521
Lehigh Valley Ry.f \ Ill
Lehigh Valley Terminal Ry. f \ Ill
Lenora & Mount Sicker Ry 814
Le Roy & Catiey Valley Air-Line RR.f \ 481
Leth bridge Land Co. , Ltd 806
Lewisburg & Buffalo Valley RR 178
Lewisburg & Tyrone RR.f \ 674
Lewiston & Auburn Branch RR. * 798
Lewiston & Southeastern RR 1568
Lexington & Big Sandy Ry.f 1495, 1506
Lexington & Eastern Ry. f \ 299
Lexington Terminal RR.f 219
Licking River RR. f 300
Ligonier Valley RR. * f t 179, 1506
Lime Rock RR. * f J 39
Linehan Ry. Transfer 1143
Linville River Ry 1568
Litchfield & Madison Ry. | 346
Little Palls & Dolgeville RR. \\ ... .179, 1506
Little Kanawha RR. f 256
Little Miami RR.* \ \ 728
Little River Valley Ry 510
Little Rock & Fort Smith Ry. \ 487
Little Rock & Hot Springs Western RR. J 489
Little Rock Junction Ry. f J 487
Little Schuylkill RR .* f 149
Live Oak & Gulf Ry 257
Livonia & Lake Conesus RR. * f 179
Lockhart RR 239
Lodi Branch RR. f 99
Logansport & Toledo Ry.f 738
London & Port Stanley Ry 814
Long Bell Ry. System 1506
Long Dock Companyf \ 94
Long Island Extension RR 685
Long Island RR.* \% 684, 1507, 1521
Long Island RR., North Shore Branch \ 688
Lookout Point Incline Co. f \ . . * 300
Los Angeles & Redoudo Ry. f 618
Lotbiniere & Megantic Ry. f 815
Louisiana, Map of Bet. pp. 288 and 289
Louisiana— State, County & City Debts.. 1224
Louisiana — Street Railways in 900
Louisiana & Arkansas Ry. (Map) f J 642
Louisiana & Missouri River RR. * f 309
Louisiana & Northwestern RR. f J 300
Louisiana & Pike County RR 408
Steam Railroad*.
PAGE
Louisiana Southern Ry. \\ 300
Louisiana Western RR.f \ 611
Louisville & Atlantic Ry. ft 300
Louisville & Jeffersonville Bridge Co. \. 1143
Louisville & Nash. RR. (Map) *\ J.264, 1507
Louisville & Nashville Terminal Co. f \. 273
Louisville & Wadley RR. f \ 257
Louisville Bridge Co.* f 734
Louis., Henderson & St. Louis Ry.f \ 273, 1507
Louisville, New Albany & Corydon
RR. ft 426
Lowell &Andover RR.*f 12
Loyalsock RR Ill
Lykens Valley RR. & Coal Co. * f 693
M
McCloud River RR. * f \ 618
McKean & Buffalo RR. f 680
McKeesport Connecting RR. *f ..... . 179
McKeesport Terminal RR. f 180
Macon & Birmingham Ry. f \ 257
Macon, Dublin & Savannah RR. f \ 257
Macopin RR. \ 99
Madison, Illinois & St. Louis Ry. f 515
Mahoning Coal RR. * \ \ 386
Mahoning State LineRR 130
Mahoning Valley RR. *f 70
Mahopac Falls RR. \ 125
Maine, Map of Bet. Intro, and page 1
Maine — State, County and City Debts. . . 1225
Maine — Street Railways in 903
Maine Central RR. * f J 17, 1507
Mammoth Cave Rli 301
Manahawkin & Long Beach Transporta-
tion Co. f 180
Manchester & Keene RR 10
Manchester & Lawrence RR. * f J 13
Manchester & Oneida Ry.. 573
Manistee & Grand Rapids RR. f f 426
Manistee & Luther RR. f 426
Manistee & Northeastern RR . f 427
Manistique, Marquette & Northern Ry. 427
Manistique Ry. * f \ 427
Manitoba & Northwestern Ry. f 781
Manitoba S. W. Colonization Ry 781
Manitou & Pike's Peak Ry . f \. 510
Mann's Creek RR. , . 1570
tCT (*) See, also, Statement of Dividends Paid, 1895-19O2, pages 1334 to
1351, inclusive; (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1446-1472, Inclusive; and 0) Ready Reference Bond-List, pages 1364 to 1445,
Inclusive (See Part 5 of this Index for Special Index to Hottd-Lisf, and Part 6 for List
of Guaranteed liotids.)
GENERAL INDEX — STEAM RAILROADS.
51
Steam Railroads.
PAGE
Mansfield Ry. & Transportation Co. * f . 301
Manufacturers' Ry . 1570
Marginal RR 721
Maricopa & Phoenix & Salt River Val-
ley RR. ft 619
Marietta, Columbus & Cleveland RR. . . 427
Marine Ry 180
Marinette, Tomahawk & Western Ry. f. 427
Marion & Rye Valley Ry. \ 257
Marquette & Southeastern Ry 1507
Marshall, Timpson & Sabine Pass Ry. f . 516
Maryland, Map of Bet. pp. 176 and 111
Maryland — State, County and City Debts. 1227
Maryland — Street Railways in 908
Maryland & Pennsylvania RR.f \ 180
Mason & Oceana RR 428
Mason City & Fort Dodge RR. \ 526
Masontown & New Salem RR. . 1192
Massachusetts, Map of Bet. pp. 32 and 33
Massachusetts — State, City and County
Debts 1228
Massachusetts — Street Railways in 910
Massawippi Valley Ry. * f 10
Massena Terminal RR. \ \ 180
Massillon & Cleveland RR. * f f 716
Mattoon & Evansville RR 365
Mattoon Ry 1571
Mauch Chunk, Summit Hill & Switch-
back RR 160
Maysville & Big Sandy RR. f 214
Mead Run RR 182
Meadville, Conneaut Lake & Linesville
RR. $ 65
Medix Run RR. f 180
Mercer Valley RR 181
Metropolitan Southern RR 55
Mexican Cent. Ry. Co. (Ltd.) (Map) f. . . 825
Mexican International RR. -f- 840
Mexican National Construction Co 1571
Mexican Northern Ry. * f 832
Mexican Ry. Co. (Ltd.) f 833
Mexican Southern Ry. (Ltd.) f . . 834
Mexico, Cuernavaca & Pacific Ry. \. . . . 843
Mexico, Railroads in ... 822
Michigan, Map of Bet. pp. 416 and 417
Michigan — State, County & City Debts. . 1251
Michigan — Street Railways in 930
Michigan Air Line RR. } % 390
Michigan Air Line Ry. j t 802
Michigan Cent. RK. * f \ 387
Michigan Midland & Canada RR. \ 39 1
Michoacan & Pacific Ry. (Ltd.) 839
Middleburg & Schoharie RR. * f $ . . . lyl
Steam Railroads.
PAGE
Middlesex Ry. f Ill
Middlesex Valley RR. f \ Ill, 1522
Middletown & Cincinnati RR. f \ 428
Middletown & Crawford RR. *f \ 95
Middletown & Hummelstown RR. f 152
Middletown, Meriden & Waterbury RR.f 27
Middletown, Uuionville & Water Gap
RR. f t 100
Midland Ry. (Ltd.) 815
Midville, Swainsboro & Red Bluff RR. . 1572
Milford & Woonsocket RR. * \\ 28
Milford, Franklin & Providence RR. * \ 28
Milford, Matamoras & New York RR. . . 181
Mill Creek & Mine Hill Navigation
&RR. *f U9
Mill Creek Flume & Manufacturing Co. 569
Millen & Southwestern RR 2~>7
Miller County RR 1507
Millstone & New Brunswick RR 674
Mill Valley & Mt. Tamalpais Scenic
Ry. f \ 619, 1507
Milwaukee, Benton Harbor & Columbus
Ry. ft 428, 1507
Mine. Hill & Schuylkill Haven RR. * f 149
Mineral Range RR. * \\ 428
Minn. & St. Louis RR. (Map}* \ \. .541, 1507
Minneapolis Eastern Ry. f \ 573
Minneapolis, St. Paul & Ashland Ry. . . 573
Minneapolis, St. Paul& Sault Ste. Marie
Ry. f J 787, 1508
Minneapolis Union Ry. *\\ 537
Minneapolis Western Ry.* f \ 537
Minnesota, Map of Bet. pp. 528 and 529
Minnesota — State, County & City Debts. 1253
Minnesota — Street Railways in 937
Minnesota & International RR 553
Minnesota& North Wisconsin RR.(The)^ 573
Minnesota Transfer Ry. f \ 573
Mississippi, Map of ... . Bet. pp. 288 and 289
Mississippi — State, County & City Debts. 1256
Mississippi — Street Railways in 939
Mississippi River & Bonne Terre Ry. *f \ 511
Mississippi River, Hamburg & Western
Ry 489
Missouri, Map of Bet. pp. 480 and 481
Missouri — State, County & City Debts . . 1257
Missouri — Street Railways in 940
Missouri, Kansas & Northwestern RR.
(see Missouri, Kansas & Texas Ry.). . . 466
Missouri, Kansas & Oklahoma RR 1509
Missouri,Kansas&TexasRy.(Jl%))tt 464, 1508
Missouri, Kansas & Texas Ry. of Texas J 469
Missouri Pacific Ry. (The) (Map) * \ 1 474, 1509
52
GENERAL INDEX — STEAM RAILROADS.
Steam Railroad*.
Missouri Pacific System (The) (Map). . . 471
Missouri Southern RR. f 511
Mobile & Bay Shore Ry. f \ 279
Mobile & Birmingham RR. * \\. 239
Mobile & Ohio RR. (Map) * f % 274, 1509
Mobile, Jackson & Kansas City RR. f f. . 301
Mohawk & Malone RR. fj 124
Mohnsville & Adamstown RR. f 181
Moncton & Buctouche Ry 815
Monongahela & Washington RR 674
Monongahela Connecting RR. * f J 181
Monongahela River RR. f \ 57
MonsonRR. ft 39
Montana & Great Northern 529
Montana, Map of Bet. pp. 544 and 545
Montana — State, County & City Debts. . 1259
Montana — Street Railways in 944
Montana Central Ry. * f \ 537
Montana RR. \\ 573
Montauk Extension RR. \ 688
Monte ChristoRy. f 619
Monterey & Mexican Gulf RR. * 832
Montfort & Gatineau Colonization Ry. \ 815
Montgomery & Erie Ry. * f t 96
Montour RR. f 181
Montpelier & Wells River RR. f 39
Montreal & Atlantic Ry. f 784
Montreal & Lake Maskinonge Ry 781
Montreal & Ottawa Ry. f 781
Montreal & Province Line Ry. \ 17
Montreal & Western RR 781
Montrose Ry. * f 112
Moosic Mount. & Carbondale RR 94
Morden & Northwestern Ry. (see Cana-
dian Northern By.} 1494
Morenci Southern Ry 1574
Morgan's Louisiana & Texas RR. & SS.
Co. ft 611
Morgantown & King wood RR 258
Morris & Essex Extension RR. * 82
Morris & Essex RR. * ft... 82
Morris Canal & Banking Co. J 113
Morris County RR. f \ 181
Moscow, Camdeu & San Augustine Ry. 511
Moshassuck Valley RR. f 39
Moss Point & Pascagoula RR. f 301
Mount Airy & Eastern Ry 258
Mount Carbon & Port Carbon RR. * f . . 149
Mount Carmel & Natalie RR. f $ 152
Steam Railroad*.
Mount Gilead Short Line RR. f 877
Mount Holly, Lumberton & Medford
RR. *ft 675
Mount Hope Mineral RR. * f 182
Mount Jewett, Kinzua & Riterville RR. f J 182
Mount Penn Gravity RR. f J 182
Mount Pleasant & Broad Ford RR 55
Mount Pleasant & Latrobe RR 183
Mount Washington Ry. * f 40
Muncie Belt RR 1575
Munising Ry. f J 429
Muscatine North & South RR. f \ 574
Muskegon, Grand Rapids & Indiana
RR..... 743
N
Nakusp & Slocan Ry 781
Nantasket Beach RR. \ 30
Nantucket Central RR. \ 40
Narragansett Pier RR. * f \ 40
Nashua, Acton & Boston RR. f \ 11
Nashua & Lowell RR. * f 10
Nashville & Decatur RR. * f 272
Nashville & Knoxville RR. f 301
Nashville & Sparks RR.* f 302
Nashville, Chattanooga & St. Louis Ry.
(Map) * f J 280, 1509
Nashville Terminal Co 151 7
Natches Pass Ry. f t 619
Natchez, Columbia & Mobile RR. f 302
Natchez, Red River & Texas RR. j 302
Natchez, Urania & Ruston Ry. f 302
National RR. of Mexico f 836
National City & Otay Ry. f $ 619
National Docks Ry. * f 112
Naugatuck RR. *fj 27
Nebraska, Map of Bet. pp. 432 and 433
Nebraska— State, County & City Debts. . 1259
Nebraska — Street Railways in 945
Nelson & Fort Sheppard Ry. f t 538
Nesquehoning Valley RR. * f 160
Nevada, Map of Bet. pp. 608 and 609
Nevada— State, County and City Debts. 1261
Nevada-California-Oregon Ry. f J . .620, 1509
Nevada Central RR. f \ 620
Nevada County Narrow Gauge RR. f \. . 620
Newark & Bloomfield RR.* . . 82
ICT (*) See, also, Statement of Dividends Paid, 1895-19O2, pagres 1334 to
1351, inclusive; (f) Table of Annual Meetings, Transfer Agencies, etc., pagres
1 44O-1472, Inclusive; and (?) Ready Reference Bond-List, payees 1364 to 1445.
Inclusive. (See fart & of this Index for Special Index to Sond-Llst, and Part 6 for Zi«t
of Guaranteed Bonds.)
53
H. W. POOR & CO.,
BANKERS,
NEW YORK. BOSTON.
Orders Executed for all Securities Dealt in at
the New York Stock Exchange.
RAILWAY INVESTMENT
A SPECIALTY.
We are in correspondence with nearly every
Railroad Company in the Country through
our connection with .
"POOR'S MANUAL OF RAILROADS."
which gives us special advantages for in-
formation for the benefit of our customers.
Correspondence Invited. Interest allowed on Deposits, subject to Check at sight
18 WALL ST., 52 DEVONSHIRE ST.,
NEW YORK. BOSTON.
54
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAGE
Newark & Hudson RR 94
Newark Bay Ry Ill
New Boston RR.*f 11
New Brunswick & Canada Ry 783
New Brunswick & Prince Edward
Island Ry. f 815
New Brunswick Ry. f 783
Newburgh & South Shore Ry 1192
Newburgh, Dutchess & Connecticut
RR. f { 183
Newburyport RR. f 13
New Castle & Beaver Valley RR. * f 716
New Castle & Butler RR. f 183
New England RR.* f $ 27
New Hampshire, Map of. . Bet. Intro, and p. 1
New Hampshire — State, County & City
Debts 1262
New Hampshire — Street Railways in. . . 946
New Hanover Transit Co. $ 258
New Haven & Derby RR.* ft 28
New Haveu & Dunbar RR. f 183
New Haven & Northampton RR.* f \. . . 28
New Jersey, Map of. . . .Bet. pp. 128 and 129
New Jersey — State, County & City Debts 1263
New Jersey — Street Railways in ....... 948
New Jersey & New York RK.f {.97, 1521, 1522
New Jersey & New York Extension RR. 98
New Jersey Junction RR.f \ 125
New London Northern RR.*f{ 17
New Mexico, Map of Bet. pp. 512 and 513
New Mexico — Territorial and County
Debts 1270
New Mexico & Arizona RR 608
New Mexico Ry. & Coal Co. (Map) f \. . 490
New Orange Four Junction RR 1510
New Orleans & Northeastern RR. f f.291, 1510
New Orleans & Northw. Ry. f \ 489, 1510
New Orleans Belt & Terminal Co. \\... 302
New Orleans, Fort Jackson & Grand Isle 1579
RR 302
New Orleans, Spanish Fort & Lake RR. 1579
Newport & Cincinnati Bridge *\\ 735
Newport & Richford RR. \\ 784
Newport & Sherman's Valley RR. f {. .. . 183
Newport & Wickford RR. (and Steam-
boat Co.) f \ . 40
New York, Map of Bet. pp. 64 and 65
New York— State, County & City Debts. 1271
New York — Street Railways in 95U
Steam Railroads.
PAGE
New York & Canada RR. f \ 77
New York & Greenwood Lake Ry. f \. . 95
New York & Harlem RR. * f J 125
New York & Jersey RR 1510
New York & Long Branch RR. * f f . . . 160
New York & Long Island Terminal Ry. . 685
New York & Mahopac RR 125
New York & Ottawa RR. }\ 183
New York & Pennsylvania RR. f \ 184
New York & Putnam RR. ft 125
New York &*Rockaway Beach Ry. f J . . 688
New York & Rockaway RR 688
New York Bay Extension RR. f 688
New York Bay RR.* f 675
New York, Brooklyn & Manhattan Beach
Ry.*J 688
New York Central & Hudson River RR.
(Jf«p)*t \ 114, 1510
New York Cent. & Hud. Riv. System .113, 371
New York Central, Hudson River & Fort
Orange RR. f 131
New York Central Niagara River RR . . 125
New York.Chic. & St.L.RR.*f {392, 1511, 150^
New York, Lackaw. & West. Ry. * f \ . 83
New York, Lake Erie & Western Coal &
RR. Co. ft 94
New York, Lake Erie & Western Docks
& Improvement Co. f \ 95
New York, New Haven & Hartford
RR. * f | 21, 1511, 1521
New York, Ont. & Western Ry. ft- -132, 1511
New York, Phila. & Norfolk RR. * f \. . 219
New York, Susqueh. & Western RR. \ \. 98
New York, Texas & Mexican Ry. f \ . . . 611
Niagara Falls Branch RR. * 126
Niagara Junction Ry . f 184
Nittany Valley RR. ft 184
Noble Lake & Southern Ry 1580
Norfolk & Portsmouth Belt Line RR. f f 258
Norfolk & Southern RR. * f J 220, 1511
Norfolk & Western Ry .* f t 221, 1512
Xorristown Junction RR. f \ 149
Northampton & Hertford RR. f 258
North Bend & Kettle Creek RR. f 184
North Brookfield RR. * \ '. 124
North Carolina, Map of. .Bet. pp. 192 and 193
North Carolina — State, County and City
Debts 1296
North Carolina — Street Railways in. ... 1003
E ' (*) See, also, Statement of Dividends Paid, 1S95-1UO2, pages 1334 to
1351, Inclusive; (!) Table of Annual Meeting's, Transfer Agencies, etc., i»!i««-s
3446-1472, inclusive; and (I) Ready Referenee Itoixl-l.ist. pages 1364 to 144." ,
Inclusive. (See Part 5 of this Index for Special Index to &ond-L,ist, and Fart 6 for List
of Guaranteed Jfonds.)
55
Spencerlrask &Co.
BANKERS
27 & 29 Pine Street, New York.
Transact a general banking
business ; act as Fiscal Agents
for corporations, and negotiate
security issues of railroads and
other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members New York Stock Exchange.
Branch Office: 67 State St., Albany.
56
AUGUST BELMONT & CO
]Vo. 33 I^assair St., ]Vew York.
AGENTS AND CORRESPONDENTS OF THE
Messrs. ROTHSCHILD,
LONDON, PARIS, AND VIENNA.
TDGIIQ Tottppc nf Prpflit fnr
Mo Lullulo ul uluUll lul
AVAILABLE IN ALL PARTS OF THE WORLD.
Draw Bills of Exchange, and make Telegraphic
Transfers to Europe, Cuba, and the other
West Indies, Mexico, and California.
Execute Orders for the Pnrcliase and Sale of Investment Securities,
GENERAL INDEX— STEAM RAILROADS.
57
Steam Hall roads.
PAGE
North Carolina RR. * f 289
North Cent. Mich. RE. 383
North Dakota, Map of. . .Bet. pp. 5*8 and 529
North Dakota— State Debt 1297
Northeast Pennsylvania RR. f \ 153
Northern Alabama Ry. f \ 241
Northern California Ry 585
Northern Central Ry. * f J 689
Northern Indiana RR 429
Northern (N. H.) RR. * f 13
Northern Liberties RR 184
Northern Ohio Ry. f \ 382
Northern Pacific Ry. * f \ 545
Northern Pacific & Manitoba Ry. (see
Canadian Northern Ry.} 1494
Northern RR. of New Jersey *\\ 96
Northern Ry 585
North Pacific Coast RR . J 578
Northern Pacific Terminal Co. of Oregon 1153
North Pennsylvania RR. * f J 149
North Shore Branch [L. I.] \ 688
North Shore RR. \\ 1512
Northwestern Coal Ry. f J 429
Northwestern RR.of SouthCaroliua \ 202, 1513
Norway Branch RR. f 798
Norwich & Worcester RR. * f \ 28
Norwood & St. Lawrence RR 185
Nosbonsing & Nipissing Ry 815
Nova Scotia Southern Ry 815
Nova Scotia Steel & Coal Co.'s Ry. f. . . 816
Nyack & Northern RR 96
Nyack & Southern RR 96
NypanoRR. \\ 95
Oberlin & La Grange Ry . f 429
Ocean Steamship Co 206
Ocilla & Irwinville RR 1513
Ocilla, Pinebloom & Valdosta Ry 1582
Offerman & Western RR 258, 1493
Ogden & Hot Springs RR. f 620
Ogdeu Mine RR. * f •. 160
Ogemaw & Northwestern Ry 1582
Ohio, Map of Bet. pp. 320 and 321
Ohio— State, County and City Debts 1297
Ohio — Street Railways in 1005
Ohio & Bait. Short Line Ry. f 55
Ohio & Big Sandy RR. f 214
Ohio & Little Kana wha RR. \ 59
Ohio Central Lines, Map of 401
Ohio Connecting Ry. * f J 730
Steam Railroad*.
PAGB
Ohio Land & Ry 860
Ohio River & Charleston Ry. f 302
Ohio River & Charleston Ry. of Ken-
tucky 214
Ohio Ri ver Junction RR. f 185
Ohio River RR. \\ 57
Oklahoma City & Western RR 752
Oklahoma, Map of. . . . .Bet, pp. 456 and 457
Oklahoma, Territorial Debt 1307
Old Colony RR. * f J 29
Old River & Kissatchie Ry 1513
Olean, Bradford & Warren RR 680
Omaha & St. Louis RR 405
Omaha Bridge & Terminal Ry. f f 574
Omaha, Kansas City & Eastern RR. f. . . 494
Ontario & Quebec Ry 782
Ontario, Belmont & Northern Ry 609
Ontario, Carbondale & Scranton Ry. f \ . 134
Orange & Northwestern RR 1582
Orange County RR. f 103
Oregon, Map of Bet. pp. 592 and 593
Oregon— State, County and City Debts. 1307
Oregon — Street Railways in 1019
Oregon & California RR. ft 606
Oregon RR. & Nav. Co. (The) * f \ 568
Oregon Short Line RR. \\ 569
Orford Mountain Ry 816
Oshkosh Transportation Co. f 429
Oswego & Rome RR. f \ 126
Oswego & Syracuse RR. * f J 83
OtisRy.tt 185
Ottawa & New York Ry. f 816
Ottawa, Northern & Western Ry 816
Owasco River RR. f 185
Ozark & Cherokee Central Ry 1513
Pacific & Arctic Ry. & Nav. Co 1582
Pacific & Idaho Northern Ry 620
Pacific Coasfc Co. \ 1154
Pacific Coast Ry. \ \ 1156
Pacific Lumber Co.'s RR 620, 1513
Paducah & Memphis Div. L. & N. RR. \ 284
Pa jaro Valley Consolidated RR 620
Panama RR. * f \ 844
Pan Handle & Gulf RR 1513
Paragould Southeastern Ry. f \ 502
Parkersburg Branch RR. f 55
Park Rapids & Leech Lake Ry 535
Passaic & Delaware RR.* 83
Passaic & Delaware Extension RR 83
58
GENERAL INDEX— STEAM EAILROADS.
Steam Railroads.
PAGE
99
96
Passaic & New York RR. f ............
Paterson & Hudson River RR. * f ......
Paterson & Ramapo RR. * f ........ ... 96
Paterson, Newark & New York RR. \ . . . 95
Pawnee RR. f ........................ 429
Pawtuxet Valley RR. * f % ............ 30
Pearl & Leaf River RR ................ 1584
Pecksport Connect. Ry. f . ............. 134
Pecos & Northern Texas RR ........... 441
Pecos River RR ..... . ................. 441
Pecos Valley & Northeastern Ry. f \ ---- 441
Pemberton & Hightstown RR.f ........ 185
Pembroke Southern Ry ................ 772
Penhorn Creek RR .................... 88
Pernigewasset Vy. RR. * f ............. 11
Peninsular Ry ........................ 1585
Pennsboro' & Harrisville, Ritchie Co.
Ry. * f J ........................... 258
Pennsylvania, Map of. . .Bet. pp. 128 and 129
Pennsylvania — State, County and City
Debts .............................. 1307
Pennsylvania — Street Railways in ...... 1021
Pennsylvania & New York Canal &
RR. ft.... ......................... 112
Pennsylvania & Northwestern RR. * f \ 701
Pennsylvania Company (Map) * f | ..... 704
Pennsylvania RR. (Map) * f J ......... 645
Pensacola, Alabama & Tennessee RR.f. 259
Pensacola & Andalusia RR ............. 1588
Pensacola & Perdido RR. f \ ........... 259
People's Ry., Pottsville, Pa.* ft ....... 185
Peoria & Bureau Valley RR. * f ........ 633
Peoria & Eastern Ry. f J .............. 377
Peoria & Northwestern Ry ............ 314
Peoria & Pekin Terminal Ry. J. . ....... 429
Peoria & Pekin Union Ry. * f J ........ 429
Peoria & Springfield Ry. f t ............ 430
Peoria, Decatur & Evansville Ry ....... 365
Peoria, Decatur & Mattoon RR ......... 366
Peoria Terminal Ry ................... 633
Pere Marquette RR. * f J ............. 393
Perkiomen RR. ft ............. , ...... 153
Perris & Lakeview Ry .................. 621
Perry County RR. f \ ................. 185
Perth Amboy & Raritan Ry. f .......... Ill
Perth Amboy & Wood bridge RR. * f f . 675
Peru & Detroit Ry ..................... 409
Peterborough & Hillsborough RR. f \. . 13
Steam Railroads.
PAGE
Philadelphia & Baltimore Central RR.f \. 699
Phila. & Beach Haven RR. f 675
Philadelphia & Brigantine RR. f J 186
Philadelphia & Chester Valley RR. f J. . 153
Phila. & Delaware Co. RR. f J 699
Phila. & ErieRR. *f \ '675
Phila. & Frank ford RR. f \ 154
Phila. & Long Branch RR. \\ 676
Phila. & Reading Ry. f t 148
Philadelphia & Reading Coal & Iron
Co. f $ 142
Philadelphia & Reading Terminal RR. f . 149
Philadelphia & Trenton RR. * 676
Philadelphia Belt Line RR.f 186
Philadelphia, Bustleton & Trenton RR. 673
Philadelphia, Germantown & Chestnut
Hill RR. ft 673
Philadelphia, Gennantown & Norristown
RR.*f 149
Philadelphia, Harrisburg & Pittsburgh
RR.*f J 150
Philadelphia, Newtown & New York
RR.fi 154
Philadelphia, Wilmington & Baltimore
RR. *f % 694
Philipsburg Ry. & Quarry Co.f 817
Phillips & Rangeley RR. \\ 40
Pickens RR. \\ 259
Pickens & Addison RR
Pickens & Hacker's Valley RR . . . '. 259
Pickering Valley RR. f $ 150
Piedmont & Cumberland Ry. * f J 247
Pine Bluff & Western Ry. f 511
Pine Bluff Arkansas River Ry . f \ 502
Pine Creek Ry. * f J 125
Piqua & Troy Branch RR. \ 351
Pittsburgh, Allegheny & McKees Rocks
RR 186
Pittsburg & Allegheny RR 186
Pittsburgh & Castle Shannon RR. \ \ .. . 186
Pittsburgh & Connellsville RR 55
Pittsburgh & Eastern RR.f 125
Pittsburgh & Lake Erie RR. * f J 128
Pittsburgh & Moon Run RR. f f 186
Pittsburgh & Ohio Valley Ry 187
Pittsburgh & West. Ry. f J 59
Pittsb'h, Bessemer & Lake Erie RR. * f J 64
Pittsburgh, Chartiers & Youghiogheny
RR. *f %..- 738
Peterborough RR. * f 10
IC^- (*) See, also, Statement of Dividends Paid, 1895-1OO2, pages 1334 to
1351, inclusive; (t) Table of Annual Meetings, Transfer Agencies, etc., pages
1446-1472, inclusive; and (J) Ready Reference Bond-List, pages 1364 to 1445,
inclusive. (See Part 8 of this Index for Special Index to Bond-List, and Part 6 for List
of Guaranteed llonds.)
59
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REDMOND, KERR & CO.
BANKERS.
High Grade Investment Securities.
I4st of current offerings sent on application.
Transact a general banking business.
Receive deposits subject to draft. Dividends
and interest collected and remitted. Act as
Fiscal Agents for, and negotiate and issue loans
of, railroads, street railways, gas companies,
etc. Securities bought and sold on commission.
Members of the New York Stock Exchange.
ISSUE TRAVELERS'
LETTERS OF CREDIT
AVAILABLE THROUGHOUT THE WORLD.
41 WALL STREET, NEW YORK.
232 LA SALLE STREET^ CHICAGO.
PHILADELPHIA CORRESPONDENTS i
GRAHAM, KERR & CO.
GENERAL INDEX — STEAM RAILROADS.
61
Steam Railroads.
PAGE
Pittsburgh, Cincinnati, Chicago & St.
Louis Ry. * f t •'••• 723
Pittsburgh, Cleveland & Toledo RR. \ \ 60
Pittsb'h, Fort Wayne & Chicago Ry. * f \ 714
Pittsburgh, Johnstown, Ebensburg &
Eastern RE 187
Pittsburgh Junction RR. * \\ 56
Pittsburgh, Lisbon & Western Ry. f \ . . 430
Pittsburgh, McKeesport & Youghio-
ghenyRR. * f J 130
Pittsb'h, Ohio Valley & Cincinnati RR. f J 722
Pittsburgh, Painesville & Fairport RR. \ 60
Pitts., Shawraut & North. RR. f J. ..135, 1522
Pittsb'h, Virginia & Charleston Ry. * \ \ 676
Pittsburgh, Westmoreland & Somerset
RR 187
Pittsb'b, Wheeling & Kentucky RR. * \ \ 730
Pittsburgh, Youngstown & Ashtabula
RR. * H 719
Pittsfield & North Adams RR. * f 124
Pittsford & Rutland RR. \ 37
Pittstown Branch Ry Ill
Plant Investment Co 747
Plant System 747
Plattsburgh & Dannemora RR 171
Plymouth & Middleborough RR. \\ 30
Plymouth RR. \ '. 150
Pocahontas Coal Co 225
Pocahontas Coal & Coke Co. \ 224
Pochuck RR 178
Point Pleasant, Buckhannon & Tygarts
Valley RR 61
Pomeroy & Newark RR. \ 676
Pontiac & Renfrew Ry 817
Pontiac, Oxford & Northern RR.* \\ 430
Pontiac Pacific Junction Ry. f 817
Port Arthur, Dul uth & Western RR. \. . . 809
Porter\Creek & Gauley RR 1590
Port Huron Southern RR 1590
Port Inglis Terminal RR 259
Port Jervis, Monticello & New York
RR.ft 187
Portland & Ogdensburg Ry. * f \ 21
Portland & Rumford Falls Ry. * ft. .81, 1513
Portland & Southeastern RR 511
Portland, Vancouver & Yakima RR 621
Port Reading RR. \\ 154
Portsmouth & Tygart Vy. RR. f 302
Port Townsend Southern RR. f $ 1156
Porvenir de Matehuala RR. f 843
Potomac RR. f \ 226
Potomac Valley RR. \ \ 166, 1513
Potomac, Fred'k'g & Piedmont RR. .\\ 259
Steam Railroads.
PAQB
Poughkeepsie & Eastern Ry. \ \ . . . .187, 1522
Po wellton & Pocahontas Ry 259
Preemption Eastern RR 633
Prescott & Eastern RR. \. 442
Prescott & Northwestern RR. f 512
Prince Edward Island RR 812
Princeton & Northwestern Ry 314
Providence & Springfield RR. * f J 28
Providence & Worcester RR. *\\ 30
Providence, Warren & Bristol RR. * f . . 30
Providence, Webster & Springfield RR f 124
Q
Quakertown & Eastern RR. f \ 187
Qu'Appelle, Long Lake & Saskatchewan
RR. &S. B. Co 785
Quebec & Lake St. John Ry. (Map) \. . . 817
Quebec Bridge Co 1164
Quebec Central Ry.f 818
Quebec Ry., Light & Power Co. f 818
Quebec Southern Ry 819
Queen & Crescent Route 284
Queen Anne's RR. \ 188
Quincy, Carrollton & St. Louis Ry 431
Quincy, Omaha & Kansas City RR 495
Quincy Railroad Bridge 1164
Radford Southern RR. & Mining Co.
(see Norfolk & Western Ry.) 1512
Railway Transfer Co. of Minneapolis f . . 574
Raleigh & Cape Fear Ry. f 259
Randsburg RR. \ 621
Rapid Transit Ferry Co., The 62
Raquette Lake Ry. f \ 131
Raritan River RR.f \ 188
Ravenswood, Spencer & Glenville Ry. -f \ 58
Reading & Columbia RR. \\ 155
Reading Company* \ 137
Reading Belt RR 144
Reading Iron Co 150
Reading, Marietta & Hanover RR 155
Red Lake Transportation Co.'s RR 574
Red Mountain Ry. \ \ 538
Red River, Texas & Southern Ry 752
Red Springs & Bowmore RR 1591
Register & Glenville RR 1513
Reid Newfoundland Co 1591
Rensselaer & Saratoga RR. * \\ 76
J. P. MORGAN & CO.,
DOMESTIC AND FOREIGN BANKERS,
Cor. of Wall and Broad Streets, NEW YORK.
DREXEL & CO., MORGAN, HARJES & CO.,
PHILADELPHIA. PARIS.
AGENTS AND ATTORNEYS OF
Messrs. J. S. MORGAN & CO., London.
DRAW EXCHANGE AT CUSTOMARY USANCES.
ISSUE COMMERCIAL AND TRAVELERS' CREDITS.
GENEKAL INDEX — STEAM RAILROADS.
63
Steam Railroads.
PAGE
Restigouche & Western Ry 819
Reynoldsville & Falls Creek RR. * f \. . 188
Rhode Island, Map of Bet. pp. 32 and 33
Rhode Island— State and City Debts . . . 1315
Rhode Island — Street Railways in 1058
Rhode Island & Massachusetts RR. (ia
Mass.)* f 28
Rhode Island & Massachusetts RR. (in
R. I.)*f 28
Rich. & Mecklenburg RR. ft 240
Richmond, Fredericksburg & Potomac
RR. *ft 225
Richmond, Fredericksburg & Potomac,
and Richmond & Petersburg Connec-
tion RR. * f 226
Ridgway & Clearfield RR. * f \ 676
Rio Grande & Eagle Pass Ry. f \. 512
Rio Grande & El Paso RR 434
Rio Grande & Pagosa Springs RR. f . . . 512
Rio Grande & Santa Fe Ry 451
Rio Grande Gunnison Ry. * \ , . . . . 451
Rio Grande Junction Ry. * \\ 512
Rio Grande RR. * \ \ 512
Rio Grande, Sierra Madre & Pacific RR. 844
Rio Grande Southern RR. f \ .... 451
Rio Grande Western Ry. * \\ 452
Ripley & Mill Creek Vy. RR. \ \ 58
River Front RR. *\\ 677
Roanoke & Tar River RR. \ 767
Roaring Creek & Belington RR 1592
Roaring Creek & Charleston RR 1592
Rochester & Genesee Valley RR. * f 96
Rochester, Beaver Fails & Western Ry. f 722
Rochester, Hornellsville & Lackawanna
RR 136
Rochester, New York & Pennsylvania
RR 680
Rochester Southern RR. \ Ill, 1522
Rockaway Valley Ry. f 188
Rockbridge, Alum & Goshen RR 260
Rock Island & Mercer County RR. 633
Rock Island & Peoria Ry. * f t 633
Rock Island Company (The) 627
Rock Port, Langdon & Northern Ry.'f J 512
RockvilleRR. * 28
Rock wood & Tennessee River Ry 303
Rocky Hill RR. & Transportation Co. * f 677
Rogue River Valley Ry. f 621
Rolling Mill RR. f 722
Rome & Clinton RR. * f 134
Rome, Watertown & Ogdensburg RR.*f^: 126
Rosedale & Mississippi Central RR — 295
Roseland Ry 95
Steam Railroad*.
PAGE
Roswell RR. \\ 240
Ruddock, Bonnet Carre & Northern RR. 1592
Rumford Falls& Rangeley Lakes RR.*ff 32
Rupert & Bloomsburg RR. f 155
Rural Valley RR 188
Rutland & Whitehall RR. * f 76
Rutland & Noyan Ry. \ 35
Rutland Transit Co. \ 35
Rutland RR.* \\... 32
S
Saginaw & Ouachita River RR 1592
Saginaw, Tuscola & Huron RR. \ 396
St. Anthony RR 569
St. Augustine & South Beach Ry. f \ 260
St. Clair, Madison & St. Louis Belt RR. \ \ 431
St. Clairsville & Northern Ry. f 431
St. Clair Tunnel f 798
St. Croix & Duluth Ry 431
St. John & Maine Ry 783
St. John Bridge & Ry. Ext. Co. f 782
St. Johnsbury & Lake Champlain RR.f \ 35
St. Joseph & Grand Island Ry. * f J496, 1514
St. Joseph, South Bend & So. RR.* 380
St. Joseph Terminal RR. f t 513
St. Joseph Union Depot Co. f \ 513
St. Lawrence & Adirondack Ry..* f \. . . 131
St. Lawrence & Ottawa Ry 782
St. Louis & Cairo RR.* \\ 279
St. Louis & Gulf Ry 1514
St. Louis & Hannibal Ry. f t 513
St. Louis & North Arkansas RR 513
St. Louis & Richibucto Ry 813
St. Louis & San Francisco RR. (Map) * f \ 751
St. Louis, Belleville & Southern Ry. f \ 481
St. Louis Bridge Co. \ 515
St. Louis, Council Bluffs & Omaha RR. \ 409
St. Louis, Iron Mountain & Southern
Ry.'H • 483
St. Louis, Kansas City & Colorado RR.
(The) \ 638
St. Louis, Memphis & Southeastern
RR.fl 1514
St. Louis Merchants' Bridge Terminal
Ry. \\ 515
St. Louis, Oklahoma & Southern Ry 751
St. Louis Southwest1™ Ry. (Map) f \ .497, 1514
St. Louis Southwestern Ry. of Texas
(Map).\ 501
St. Louis Transfer Ry.f 513
St. Louis, Troy & Eastern RR. f \ 1514
64
GENERAL INDEX — STEAM EAILROADS.
Steam Railroads.
PAGE
St. Louis Valley Ry .................. 1515
St. Louis, Vandalia & Terre Haute
RR.*tJ. .. ........................ 736
303
806
319
535
574
St. Louis, Watkins & Gulf Ry. % .......
St. Mary's River Ry ...................
St. Paul Eastern Grand Trunk Ry. f \. .
St. Paul, Minn. & Manitoba Ry.* f $ ____
St. Paul Union Depot Co. (The) * f \ . . .
St. Stephen & Milltown Ry ............ 783
Salem RR ............................ 431
Saline River Ry ....... ............... 1515
Salisbury & Harvey Ry .............. 819
Salisbury RR. * f t ................... 55
Salmou River RR ..................... 569
Salt Lake & Los Angeles Ry.* f J ...... 621
Salt Lake & Mercur RR ........... ... 621
Salt Lake & Ogden Ry. f .............. 621
San Antonio & Aransas Pass Ry.f f ..... 613
San Antonio & Gulf RR. f ............. 513
Sandersville RR. f .................. 260
San Diego, Cuyamaca & Eastern Ry. f \ 631
San Diego, Pacific Beach & La Jolla Ry. f 622
Sandusky, Mansfield & Newark RR.* ft 56
Sandy River RR.* \$ ................. 40
Sandy ville & Waynesburg RR .......... 59
Sanford & St.Petersburg Ry. f \ ........ 749
San Francisco & North Pacific Ry. * \\ 578
San Francisco Belt RR .............. » . 622
San Pedro, Los Angeles & Salt Lake
RR. f ............................ 622
San Pete Valley Ry. f J .............. 622
San Rafael & San Quentin RR .......... 579
Santa Fe Pacific RR .................. 440
Santa Fe, Prescott & Phoenix Ry. f J. . . 442
Saranac& Lake Placid RR.*f \ ......... 171
Saratoga & Schenectady RR.* f ........ 77
Saratoga Division, Del. & Hud. Co ...... 76
Sardis & Delta RR ................... 1515
Sarnia, Chatham & Erie Ry ............ 391
Saskatchewan & Western Ry ........... 781
Sault Ste. Marie Bridge Co ............. 1169
Savannah & Statesboro Ry ............. 260
Savannah, Florida & West. Ry.*fJ.748, 1515
Scalp Level RR. f ..................... 677
Schenectady & Duanesburgh RR. -j- \. . . . 76
Schenectady & Mechauicville RR ....... 76
Schoharie Valley Ry. f J .............. 188
Schuylkill & Juniata RR. * \ ........... 677
Schuylkill & Lehigh RR. f j ........... 150
Steam RailroadM.
PAGE
Schuylkill & Lehigh Vy. RR. $ Ill
Schuylkill River East Side RR. \ 61
Schuylkill Valley Navigation & RR.*f % 150
Scottdale Connecting RR. f 189
Scranton & Spring Brook RR 189
Scranton Coal Co 133
Seaboard Air Line Ry. (Map) f 762
Seaboard & Roanoke RR.* ft 767
Searcy & Des Arc RR 514
Seattle & Montana RR 536
Seattle & Northern Ry 529
Seattle & San Francisco Ry. & Nav Co. . 622
Sebasticook & Moosehead RR. f \ 41
Sedalia, Warsaw & Southwestern Ry. . . 481
Seneca County Ry. Ill, 1522
Sevier Ry. J 455
Shade Gap RR.* f \ 174
Shamokin.Sunbury & Lewisburg RR.*f \ 150
Shamokin Valley & Pottsville RR.* \ %.. 693
Sharon Ry.* f \ 96
Sharpsville RR. \ 61
Sheffield & Tionesta Ry 189
Shore LineRy.f 819
SLreveport & Red River Vy. Ry. \ \ 303
Shuswap & Okanagan Ry 782
Sierra Ry. of Cal. f t 622
Sierra Valleys Ry. f t 623, 1510
Silver Lake Ry. f \ 189
Silverton Northern RR. * f \ 514
Silverton RR, f \ 514
Sioux City &Pac. RR. *f 319
Skaneateles RR. * \ \ 189
Slackwater Connecting RR 192
Slate Run RR. \ 189
Smethport RR 182
Smithfield & Masontown RR 61
Smithonia & Dunlap RR 1596
Smithouia, Dauielsville & Caruersville
RR 260
Somerset & Cambria RR 55
Somerset Ry. f J 41
Sonora Ry 608
South. & North Alabama RR. \ \ 272
South & Western Ry 1515
South Branch RR. (B. & O.) 55
South Branch RR 190
South Brooklyn Ry. f 190
South Buffalo RR. f 190
South Carolina, Map of. .Bet. pp. 192 and 193
[CT (*) See, also, Statement of Dividends Paid, 1895-1OO2, pages 1334 to
1351, inclusive} (t) Table of Annual Meetings, Transfer Agencies, etc., pages
1446-1472, inclusive; and (t) Ready Reference Bond-List, pages 1364 to 1445,
Inclusive. (See Part 5 of this Index for Special Index to Jiond-List, and Part 6 for JAst
of Guaranteed Bonds.)
GENERAL INDEX — STEAM RAILROADS.
65
Steam Railroads.
PAGE
South Carolina — State, County and City
Debts 1317
South Carolina — Street Railways in. ... 1061
So. Carolina & Georgia RR. f % 240
South Carolina&Qeorgia Extension Ry4 260
South Carolina Pacific Ry ,% 201
South Chester RR.f 699
South Chicago & Southern RR.f 722
South Dakota, Map of. . .Bet. pp. 528 and 529
South Dakota — State, County and City
Debts 1318
South Dakota — Street Railways in 1062
South Easton & Phillipsburg RR 103
Southern California Ry 440
Southern Indiana Ry. (Map) f J 396, 1515
Southern Iowa Ry 314
Southern Pacific Co. (Maps), f \ 579
Southern Pacific RR. (of Cal.) f t ... 606
Southern Pacific RR. of Arizona \ 606
Southern Pacific RR. of New Mexico \. 607
Southern Pennsylvania Ry. & Mining
Co.f \ 683
Southern Ry. (Map) * f \ 227, 1515
Southern Ry., Carolina Div 231, 1516
South ForkRR. \\ 677
South Georgia RR. \ \ 260
South Haven & Eastern RR. \\ 432, 1517
South Manchester RR. f 41
South Pacific Coast Ry. f f 608
South Shore RR. f 190
South Shore Ry. f 819
South West Connecting Ry 190
Southwestern Coal & Improvement Co. \ 470
Southwestern RR.* f 208
Southwest Pennsylvania Ry. * \\ 677
South West Virginia Ry. (see Norfolk
& Western Ry.) 1512
Spokane Falls & Northern Ry. f t 538
Spuyten Duyvil & Port Morris RR. *f . 127
Stanstead, Sbefford&ChamblyRR 17
State Line & Sullivan RR. $ 112
Staten Island Ry. * f t 62
Staten Isl. Rapid Tr. Ry. f \. . . .62, 1517, 1522
State University RR.f •... 340
Sterling Mountain Ry. f 190
Stewartstown RR. * f 190
Stillmore Air Line Ry. f \ 261
Stockbridge & Pittsfield RR. * f 80
Stony Brook RR.* f 10
Stony Creek RR. \\ 156
Stouts Mountain RR 273
Suffolk & Carolina Ry. \ \ 261
Sugar Land Ry. f .. ,, 514
Steam Railroads.
PAGE
Sullivan County RR. * \ \ 14
Sulphur Mining & RR. Co 1599
Sumpter Valley Ry. \ \ 623
Sumter & Wateree River RR. \ 240
Suncook Vy. RR. * f 11
Surry, Sussex & Southampton Ry. f. . . . 261
Susquehanna & Buffalo RR. f 191
Susquenanna & New York RR 1517
Susquehanna, Bloomsburg & Berwick
RR 1517
Susquehanna Connecting RR. \ 99
Susquehanna Division, Del. & Hud 76
Sussex RR. \ 83
Sydney & Louisburg Ry 819
Sylvania RR 261
Syracuse & Baldwinsville Ry 84
Syracuse, Binghamton & New York
RR.*ft 84, 1522
Syracuse, Geneva & Corning Ry. * f \. . . 127
Tabor & Northern Ry. f t 674
Tacouia Eastern RR. f J 623, 1517
Talbotton RR. f \ 261
Tallahassee Southeastern Ry. f 201
Tallassee & Montgomery Ry. f 303
Tallulah Falls Ry. \ 261
Tamaqua, Hazleton & Northern RR. \ \ 156
Tampico Harbor Co. (The) 831
Tavares & Gulf RR. \ 262
Tellico RR 303
Temiscouata Ry.f 820
Tennessee, Map of Bet. pp. 272 and 273
Tennessee — State, County & City Debts. 1319
Tennessee — Street Railways in 1062
Tennessee & Cumberland Riv. RR 303
Tennessee & North Carolina RR 1517
Tennessee Central RR. f 1517
Tennessee Coal, Iron & RR. Co 1173
Tennessee Line, Map of 281
Tennessee Northern Ry f
Terminal RR. \$ 390
Terminal Ry. of Buffalo f \ 127
Terminal RR. Association of St.
Louis \\ 514
Terre Haute & India' polis RR. * \\ 744
Terre Haute & Logansp't Ry. f t 737
Terre' Haute & Peoria RR. \\ 746
Texas, Map of Bet. pp. 456 and 457
Texas — State, County and City Debts . . 1321
Texas— Street Railways in 1064
66
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAGE
Texas & New Orleans RR. ft 612
Texas & Pacific Ry. f j 503
Texas, Ark. & Louisiana Ry. f 515
Texas Central RR. * f \ 515, 1518
Texas City Terminal Ry. \ 516
Texas Mexican Ry. \ 839
Texas Midland RR. \ \ 516
Texas, Sabine Val. & North western Ry.f 516
Texas Short Line Ry 1518
Texas Southeastern RR 1600
Texas State RR 1600
Texas Southern Ry. f 516
Thousand IslandsRy. *f • 820
Tifton & Northeastern RR. \ \ 262
Tifton, Thomasville & Gulf Ry. f t • • • 262
Tilsonburg, Lake Erie & Pacific Ry 820
Tintic Range Ry. \ 455
Tioga RR. \\ 95
Tionesta Valley & Hickory RR 189
Tionesta Valley Ry. f 191
Tipton RR. f 677
Tivoli Hollow RR 127
Tobique Valley Ry 782
Toledo & Ohio Central Ry.(Jfop)* \ J.899, 1518
Toledo, Canada Southern & Detroit Ry. \ 391
Toledo, Peoria & Western Ry. \ \. . .739, 1518
Toledo Ry. & Terminal Co 1519
Toledo, Saginaw & Muskegon Ry. f \. . . 802
Toledo, St. Louis & Western RR. \ \... 403
Toledo, Walhonding Val. & Ohio RR.f \ 720
Toluca & Eastern RR. f 432
Toluca, Marquette & Northern RR 1601
Toinbigbee & Northern Ry 303
Toronto Belt Line Ry 798
Toronto, Grey & Bruce Ry 782
Toronto, Hamilton & Buffalo Ry. f 821
Transylvania RR. \\ 262
Traverse City RR. \\ 743
Trenton Cut-off RR. \ 677
Trenton, Lawrenceville& Princeton RR.J 191
Tresckow RR 160
Trinity Valley RR 516
Trinity Valley Southern RR 1601
Troy & Bennington RR. *\\ 12
Troy & Greenbush RR. * f 127
Troy & Tiptonville RR. \ 370
Troy Union RR.f 191
Trumbull & Mahoning R R. \ 60
Tuckahoe & James River RR. . 262
Steam Railroads.
PAGE
Tuckerton RR.f J 191
Tunnel RR. of St. Louis *\ 515
Tuscarora Valley RR. * f 191
Tuskegee RR 304
Tussey Mountain & Grafton Canyon RR. 1602
Tyrone & Clearfield Ry. * f J 677
U
Ulster & Delaware RR. (The) ft-. 161, 1522
Unadilla Valley Ry. f I 191
Union & Glenn Springs RR 262
Union Depot Co. of Kansas City, Mo. f. 517
Union Depot Co., Columbus, O. f J 730
Union Depot & RR. Co. (Denver), The. . 516
Union Freight RR. * f 41
Union Pacific RR. System 554
Union Pacific RR. * f \ 554
Union Point & White Plains RR. f 219
Union RR. (Erie) f 96
Union RR. (Pittsburgh, Pa.) * f 192
Union Springs & Northern Ry 1519
Union Stock Yards Co. of Omaha 1603
Union Terminal RR. [W. N. Y. & P.] f J 681
Union Terminal Ry. (Sioux City) 575
Union Transportation Co 185
United New Jersey RR. & Canal Cos. * f t 678
United States & Canada RR. \ \ 803
United Verde & Pacific Ry. \ \ 623
Upper Coos RR. * f t 21
Upson County RR 207
Ursina & North Fork Ry. f 192
Utah, Map of Bet. pp. 512 and 513
Utah— State, County and City Debts . . . 1324
Utah— Street Railways in 1066
Utah & Pacific Ry 569
Utah Central RR. J 455
Utah Eastern Ry 455
Utah Fuel Co 453
Utica & Black River RR. * \ 126
Utica, Chenango & Susquehanna Valley
Ry.* 83
Utica, Clinton & Binghamton RR. * \\. 134
Valdosta Southern Ry 262
Valley Connecting RR. * f 192
Valley RR. [B. & O.] f J 63
(CT (*) See, also, Statement of Dividends Paid, 1895-19O2, pages 1334 to
1351, inclusive; (t) Table of Annual Meetings, Transfer Agencies, etc., pages
144G-1473, inclusive; and (t) Ready Reference Bond-List, pages 1
Inclusive. (See Fart 5 of this Index for Special Index to Bond-List, and Fart 6 for
of Guaranteed lionds.)
HARVEY EDWARD FISK. GEORGE H. ROBiNSON,
Member N. Y. Stock Exchange.
35 Cedar Street, 28 State Street,
NEW YORK. BOSTON, MASS.
Investment Department.
United States Bonds and other Investment
Securities Bought and Sold. Correspondence
invited from Corporations, Trustees and other
conservative investors.
Securities dealt in at the New York
Stock Exchange and other Marketable Stocks
and Bonds Bought and Sold on Commission,
for cash.
Information furnished concerning the status
of corporate securities.
HARVEY EDWARD FISK. QEORQE H. ROBINSON,
Member N. Y. Stock Exchange.
Fisk & Robinson,
35 Cedar Street, 28 State Street,
NEW YORK. BOSTON, MASS.
Banking Department.
Deposit Accounts, subject to sight draft, re-
ceived from Banks, Bankers, Firms, and Individuals.
Interest allowed on balances.
Fiscal Agency Accounts for the Payment of
Bonds, Coupons, Dividends, etc., and for the
Transfer and Registration of Securities received
from Municipal, Railroad and other corporations.
GENERAL INDEX — STEAM EAILROADS.
67
Steam Railroads.
PAGE
83
Valley RR. [D., L. & W.] * f t
Vancouver, Victoria & Eastern Ry. &
Nav. Co. (See Wash. & Great North-
ern Ry.) 529
Vandalia Line 736
Vanegas, Cedral & Matehuala RR 1603
Velasco, Brazos & Northern Ry. f . .517, 1519
Vera Cruz & Pacific RR 844
Verdigris Valley, Independence & West-
ern Division [M. P.] \ 481
Vermont, Map of Bet. Intro, and p. 1
Vermont— State, County & City Debts. . 1325
Vermont — Street Railways in 1067
Vermont & Massachusetts RR. * f \ 12
Vermont Valley RR. Co. of 1871 * \ \ • • 14
Vernon, Greensburg & Rushville RR. f \ 376
Vicksburg, Shrevep. & Pac. Ry.* f J.292, 1519
Victoria & Sidney Ry. f »21
Vincentown Branch RR. * f 680
Virginia, Map of Bet. pp. 176 and 177
Virginia — State, County & City Debts. . 1325
Virginia — Street Railways in 1068
Virginia & Southwestern Ry. f \ 1194
Virginia & Truckee RR. * f 623
Virginia-Carolina Ry. \ 263
Virginia Co 225
W
Wabash, Chester & Western RR. \\... 432
Wabash RR. f $ 404, 1519
Wadley & Mount Vernon RR. f 263
Wallkill Vy. RR.*J 127
Walla Walla & Columbia River RR. . . 569
Ware River RR.* f 124
Warren & Corsicana Pacific Ry 517
Warren RR.* f \ 83
Warrenton RR. f 263
Washburn, Bayfield & Iron River Ry. . . 432
Washington, Map of Bet. pp. 592 and 593
Washington— State, County & City Debts 1329
Washington — Street Railways in :. . 1072
Washington & Columbia River Ry. f \. . 553
Washington & Franklin Ry.* f t 166, 1520
Washington & Great Northern Ry 529
Washington & Plymouth RR 1604
Washington, Potomac & Chesapeake RR. 192
Washington Branch RR.* 55
Washington Central RR. \ 552
Washington County RR. (Maine) f \ 55
Washington County RR. [B. & O.] f 41
Steam Railroads.
PAGE
Washington Run RR 192
Washington Southern Ry. f t 699
Watauga RR 304
Watchung RR 95
Waukegan & Mississippi Valley Ry. . . . 432
Waverly & State Line Ry Ill
Waynesburg & Wash'g'u RR. * f 735
Weatherford, Mineral Wells & North-
western Ry. f \ 517
Wellington & Powellsville RR. f 263
Wellston & Jackson Belt Ry. f t 364
Wellsville, Coudersport & Pine Creek
RR 627
West Chester RR. *f \ 680
WestClarion RR 95
Westerman RR 96
Western & Atlantic RR 284
Western Maryland RR. \\ 162
Western New York & Penn. Ry. f t 680
Western Oklahoma RR 634
Western Pennsylvania RR. *\\ 681
Western Ry. of Alabama * f \ 293
Western Ry. of Mexico f 844
West Jersey & Seashore RR. * f \ 702
West Ontario Pacific Ry 782
West Range RR 1604
West Shore RR. \ \ 127
West Side Belt RR. \ 193
West Stockbridge RR. * f 30
West Virginia, Map of. . .Bet. pp. 176 and 177
W. Virginia— State,County& City Debts. 1330
West Virginia — Street Railways in 1074
W. Virginia & Pittsburg RR. f \ 57
West Virginia & Southern RR. * f 263
West Virginia Central & Pittsburgh Ry.
(Map) * t J 243
West Virginia Northern RR. \\ 263
W. Virginia, Pineville & Tenn. RR. f.. . 304
West Virginia Short Line RR 58
Wharton Valley Ry. f t • • • 135
Wheeling & Lake Erie RR. (Map) ft 409
Wheeling, Pittsburgh & Baltimore RR. 55
Wheeling Terminal Ry. (The) \ \ 735
Whippany River RR. \\ 193
White & Black River Vy. Ry. \ 637
White Castle & Lake Natchez Ry 1605
Whitefield & Jefferson RR. f 11
White River Valley RR 42
Wichita Falls Ry. \ 470
Wichita Valley Ry. f t 517
Wiggins Ferry Co. * f 517
Wilkesbarre & Eastern RR. f \ 99
Wilkesbarre & Harvey's Lake RR 112
68
GENERAL INDEX — STEAM RAILROADS.
Steam Railroads.
PAGE
Wilkesbarre & Scranton Ry. * f \ 160
Williamsport & North Branch RE. f J . . 193
William's Valley RR. \ \ 193
Williamsville, Greenville & St. L. Ry. f \ 517
Willmar & Sioux Palls Ry. * f t 538
Wilmington •& Northern RR. f \ 150
Wilmington Ry. Bridge 767
Wilton RR. * f 10
Winchester & Potomac RR. * \ 61
Winchester & Strasburg RR. * 61
Wind Gap & Delaware RR. f 160
Winifrede Coal Co 263
Winif rede RR. * f 263
Winona Bridge Ry. f \ 575
Winston & Bone Valley Ry. f 749
Wiscasset & Quebec RR 1520
Wiscasset, Waterville & Farmington
RR.f 1520
Wisconsin, Map of Set. pp. 416 and 417
Wisconsin— State, County & City Debts. 1330
Wisconsin, Street Railways in 1075
Wisconsin & Michigan Ry. f \ 432
Wisconsin Central Ry. f J. . . .- 412, 1520
Wisconsin, Michigan & Northern Ry. . . 432
Wisconsin, Minn. & Pacific RR.*ft.527, 1521
Wisconsin Western RR. f ....... 433
Wood River Branch RR .f \ 42
Steam Railroads.
PAGE
Woodstock Ry. * f 42
Woonsocket & Pascoag RR. f \ 28
Worcester, Nashua & Rochester RR.*ff 13
Wrightsville & Tennille RR. * f 264
Wyoming, Map of Bet. pp. 544 and 545
Wyoming— State Debt 1333
Wyoming & Missouri River RR 575
Wyoming Western RR 570
Yankton & Western RR 575
Tazoo & Mississippi Valley RR. f \ . . . 294
Yellow River RR. ft 264
Yellowstone Park Ry 575
York & Carleton Ry 821
York, Hanover & Frederick RR.J 681
York Harbor & Beach RR. * f 15
Youghiogheny Northern Ry 130
Youngstown & Austintown Ry. f 96
Yreka RR. ft 623
Zanesville Terminal Ry ' 1521
ICT (*) See, also, Statement of Dividends Paid, 1895-19O2, pages 1334 to
1351, inclusive; (f) Table of Annual Meetings, Transfer Agencies, etc., pages
3446-1472, inclusive; and (I) Ready Reference Bond-List, pages 1364 to 1445,
inclusive. (See Part 5 of this Index for Special Index to Hond-JJist, and fart 6 for List
of Guaranteed Bonds.)
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GENERAL INDEX — STREET RAILWAYS.
69
GENERAL INDEX, Continued.— PART 2 : DEPARTMENT OF CITY AND
SUBURBAN RAILWAY AND TRACTION COMPANIES.
Street Railways.
A PAGE
Adrian Street Ry 930
Alabama City, Qadsden & Attalla RR. . . 847
Alabama, Street Railways in 847
Albany & Hud. Ry. & Power f. .956, 1528, 1530
Albany Street Ry 1019
Algiers, Gouldsboro & Gretna Ry 900
Allegheny Traction Co 1041
Allentown & Kutztown Traction Co 1021
Allentown & Slatington Street Ry 1029
Alliance Electric Ry. . 1005
Alton Ry., Gas & Electric Co.f 873
Altoona & Logan Valley Electric Ry.f. . 1021
American Rys. Co. (The) 1097
Amesbury & Hampton Street Ry 947
Arab erst & Sunderland Street Ry. \ 910
Amsterdam St. RR. f 957, 1528, 1530
Anacostia & Potomac River RR 867
Annistou Electric & Gas Co.f 847
Anoka Street Ry 937
Appleton Electric Light & Power Co 1075
Arizona, Street Railways in 849
Arkansas, Street Railways in 849
Arlington Heights Motor Ry 1074
Asbury Park & Sea Girt RR.f 948
Asheville & Biltmore Electric Street Ry.
& Transportation Co 1004
Asheville & Craggy Mountain Ry 1004
Asheville & Weaverville Electric Ry. &
Power Co 1004
Asheville Electric Co. f 1003
Asheville Street RR 1004
Ashland & Centralia Electric Ry 1021
Ashland Light, Power & Street Ry 1075
Ashland, Locust Dale & Centralia Elec-
tric Ry 1048
Ashtabula Rapid Transit Co.f 1005
Astoria Electric Co '. . . 1019
Atchison Ry., Light & Power Co.f g
Athens Electric Ry.f 870
Athol & Orange Street Ry.* f 910
Atlantic City Electric Ry 948
Atlantic Coast Electric RR.f 948
Atlantic Shore Line Ry 903
Street Railways.
PAGE
Auburn City Ry . f 957
Auburn Interurban Electric RR 957
Augusta, Hallowell & Gardiner RR 903
Augusta Ry. & Electric Co. f 870
Augusta, Winthrop & Gardiner Ry 903
Aurora, Elgin & Chicago Ry 873
Austin Electric Ry 1064
Babylon RR. f 958
Bakersfield & Kern Electric Ry. f 850
Ballston Terminal RR. f 958
Baltimore & Washington Transit Co. . . . 865
Bangor, Hampden & Winterport Ry 906
Bangor, Orono & Old Town Ry. -f- 906
Bangor Street Ry. f 906
Barre & Montpelier Traction & Power
Co.f 1067
Baton Rouge Electric & Gas Co 900
Bay Cities Consolidated Ry. f 930
Bay Head & Point Pleasant Street RR. . 949
Bay Shore Terminal Co 1068
Beatrice Electric Co 945
Beaver Valley Traction Co. (The) f 1021
Bellingham Bay Electric Street Ry 1072
Bellows Falls & Saxton River Electric
ER 1067
Bennington & Hoosick Valley Ry. f 958
Benson Street Ry 946
Benton & Fairfield Ry 903
Benton Harbor & St. Joseph Electric Ry.
& Light Co 931
Benton Power & Traction Co 937
Berkley Street Ry. f 1068
Berkshire Street Ry ' 910
Berlin & Waterloo Street Ry. f 1079
Bethlehem & Nazareth Passenger Ry. 1029
Biddeford & Saco RR 903
Binghamton Ry .* f 958
Birmingham Belt RR 847, 1523
Birmingham, Knoxville & Allentown Tr. 1045
Birmingham Ry., Light & Power Co. * f 847
[CT (*) See, also, Statement of Dividends Paid, 1895-19O2, pages 135O to
1357, inclusive; and (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1473-1485, inclusive.
70
GENERAL INDEX — STREET RAILWAYS.
Street Railways.
PAGE
Black River Traction Co 959
Bleecker Street & Fulton Ferry RR. * f 984
Bloom6eld Street Ry 1042
Bloomington & Normal Ry. Elec. and
Heating Co 1523
Bloomington & Normal Ry. f 873
Blue Hill Street Ry 910
Bluff City RR 939
Boise Rapid Transit Co. f 872
Boone Electric Street Ry. & Light Co. . 892
Boone Suburban Ry 892
Boston & Chelsea RR. * f 914
Boston & Northern Street Ry. * f 912
Boston & Revere Electric Street Ry.* f 914
Boston Elevated Ry. * f 910
Boulder Ry. & Utility Co 856
Bowling Green Ry 897
Bozeman Street Ry 944
Brad ford Elec. Street Ry 1022
Branford Electric Ry 859
Brantford Street Ry 1079
Brattleboro Street RR. f 1067
Brentwood, Clayton & St. Louis RR. 942
Bridgeport Traction Co 857
Bridgeton & Millville Traction Co 949
Bridgeton Rapid Transit Co "... 949
Brigantine Transportation Co. f 949
Brigbtwood Ry. f 867
Bristol & Plainville Tramway Co. * f. . . 857
Bristol Belt Line Ry 1062
Bristol County Street Ry. f 914
British Columbia Electric Ry 1079
Broad Ripple Traction Co 890
Broadway & Seventh Ave. RR. * f . .. 984
Brockton & Plymouth Street Ry. f.... 914
Brooklyn City & Newtown RR. * f 968
Brooklyn City RR. (Map) *\ 963
Brooklyn H'ghts RR. (Map) f. .963, 1523, 1528
Brooklyn, Queens County & Suburban
RR. t 959, 1528, 1530
Brooklyn Rapid Transit Co. (Map) f.960, 1523
Brooklyn Union Elevated RR. (Map) * \ . 964
Brownstown & Ewing Street Ry 888
Brownsville & Gulf Ry. f 1064
Brownsville Avenue Street Ry 1045
Buffalo, Gardenville & Ebenezer Ry. f . . 966
Buffalo, Hamburg & Aurora Ry 966
Buffalo & Depew Ry 966
Buffalo & Williamsville Electric Ry. f. . 966
Burlington & Hinesburgh RR 1067
Burlington & Mount Holly Traction RR.f 950
Burlington Ry. & Light Co 893
Burlington Traction Co. * f 1067
Street Railways.
PAGE
Butler Passenger Ry 1022
Butte Electric Ry 944
Cairo Electric Ry 874
Calais Street Ry. f. 903
California Street Cable RR. * f 850
California, Street Railways in 850
Calumet Electric Street Ry. (The) f 874
Camden, Gloucester & Woodbury Ry. f 955
Camden Horse RR. * f 950
Camden Interstate Ry 1074
Camden & Suburban Ry. f 950
Camden & Trenton Ry. \ 950
Canada, Street Railways in 1079
Canton-Massillon Electric Ry. (The) 1006
Cape May, Delaware Bay & Sewell's
Point RR 951
Capital Traction Co. * f 865
Carbondale Ry 1050
Carlisle & Mt. Holly Ry 1022
Carrollton Electric Ry 940
Carrollton Water, Light & Power Co. . . 1523
Catharine & Bainbridge Street Ry. of
the City of Philadelphia * f 1037
Catskill Electric Ry 966
Cayadutta Elec. RR. f 966
Cayuga Lake Electric Ry 976
Cedar Rapids & Marion Ry. f 893
Centennial Passenger Ry 1036
Central CrosstownRR.,NewYork,N.Y.*f 989
Central Electric Ry. of Kansas City 941
Centralia & Central City Street Ry. f... . 874
Central Park, North & East River RR. * f 984
Central Ry., Peoria, 111 874
Central Ry. & Electric Co. f 857
Central Street Ry 850
Central Traction Co. * f 1041
Charleroi & West Side Street Ry 1022
Charleston Consolidated Ry., Gas &
Electric Co. f 1061
Charleston Traction Co 1074
Charlotte Electric Ry., Light & Power
Co. f 1004
Charlottesville City & Suburban Ry 1069
Chattanooga & Lookout Mountain Ry. . . . 1062
Chattanooga Electric Ry 1062
Chelton Avenue Pass. Ry. f 1036
Chester & Delaware Street Ry 864
Chester & Derry RR. Association 946
Chester & Media Electric Ry 864
GENERAL INDEX — STREET RAILWAYS.
71
Street Railways.
PAGE
Chester, Darby & Philadelphia Ry. ... 864
Chester Street Ry 864
Chester Traction Co. f 864
Chicago & Desplaines Valley Electric Ry. 874
Chicago & Harlem Ry. f 883
Chicago & Joliet Electric Ry. (The) 874
Chicago & Milwaukee Electric Ry. f. . . 875
Chicago City Ry. Co. * f 875
Chicago Consolidated Traction Co 875
Chicago Elec. Traction Co. \ 877
Chicago General Ry. f. 877
Chicago, Harvard & Geneva Lake Ry. .. 1076
Chicago North Shore Street Ry 877
Chicago Passenger Ry. * f 880
Chicago Union Traction Co. * f 877
Chicago West Division Ry 880
Chillicothe Electric RR., Light & Power
Co 1006
Chillicothe Street RR. f 940
Chippewa Valley Electric RR. f 1076
Chittenden Development Co 1068
Christopher & Tenth Street RR. * f 989
Cincinnati & Eastern Electric Ry. f 1006
Cincinnati, Dayton & Toledo Traction
Co. (The) 1523
Cincinnati, Hamilton & Dayton Traction
Co 1006
Cincinnati, Lawrenceburg & Aurora
Electric Street RR 1006
Cincinnati, Newport & Covington Ry. *f . 897
Cincinnati Street Ry. * f 1007
Cincinnati Trac. Co.* f 1006
Citizens' Clearfield & Cambria Street Ry. 1035
Citizens' East End Street Ry 1035
Citizens' Elec. Co. (Eureka Springs, Ark.) 849
Citizens' Electric Ry., Light & Power
Co. (Mansfield, O.) 1007
Citizens' Electric Street Ry. (Newbury-
port, Mass.) 915
Citizens' Pass. Ry. (Harrisburg, Pa.)f . . 1026
Citizens' Passenger Ry. (Philadelphia,
Pa.) * f 1035
Citizens' Passenger Ry. (Pittsburgh, Pa.) f 1042
Citizens' Passenger Ry. (Norristown,
Pa.)f .' '..... 1048
Citizens' Ry., Waco, Tex 1064
Citizens' Ry. & Light Co. of Muscatine,
la 893
Citizens' Ry., Light & Power Co., New-
port News, Va 1069
Street Railways.
PAGE
Citizens' RR., Light & Power Co., Fish-
kill-on-Hudson, N. Y.f 967
Citizens' Traction Co., Oil City, Pa. . 1022
Citizens' Traction Co., Pittsburgh, Pa.f 1042
City & Suburban Ry., Portland, Ore.f 1019
City & Suburban Ry. of Washington . . . 867
City Electric Ry. (La Salle, 111.) 880
City Electric Ry. (Port Huron, Mich.). . 933
City Electric Ry. (Rome, Ga.) 870
City Island RR. f 967
City Passenger Ry. of Altoona f 1021
City Ry. (Dayton, O.) * 1007
City Street Ry. Co. (Fremont, Neb.) 945
Cleveland City Ry.* f 1007
Cleveland Electric Ry.* f 1007
Cleveland, Elyria & Western Ry.*f 1008
Cleveland, Painesville & Eastern RR. f. 1008
Clinton Street Ry 940
Coal Belt Electric Ry. \ 880
Coal Castle Electric Ry 1046
Coal ville Passenger Ry 1056
Cohoes City Ry. (The) \ 967
Collegeville Electric Ry 1049
Collinsville, Caseyville & East St. Louis
Elec. RR ... 880
Colorado Springs & Cripple Creek Di&-
trict Ry 856
Colorado Springs Rapid Transit Ry. f . . . 856
Colorado, Street Railways in 856
Columbia & Montour Electric Ry 1023
Columbia Electric Street Ry., Light &
Power Co 1061
Columbia Ry. \ 868
Columbus, Buckeye & Newark Trac. Co. 1009
Columbus, Delaware & Marion Elec-
tric RR. f 1009
Columbus, Grove City & Southw'n Ry. . 1009
Columbus, London & Springfield Ry 1009
Columbus RR. •(• . . .870, 1524
Columbus Ry. (The) * f 1010
Commonwealth Avenue Street Ry.* f. . 915
Concord & Boston Street Ry 920
Concord, Maynard & Hudson Street Ry. 915
Concord Street Ry. . . 946
Conestoga Traction Co. f 1028
Coney Isl. & B'klyn RR.* f. . .968, 1528, 1530
Coney Isl. & Gravesend Ry. f. .968, 1528, 1530
Connecticut Ry. & Lighting Co. f 857
Connecticut, Street Railways in 857
Connellsville Suburban Street Ry.*f... 1023
ttV (*) See, also, Statement of Dividends Paid, 1895-19O2, pages 135O to
1357, inclusive; and (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1473-1485, inclusive.
72
GENERAL INDEX — STREET RAILWAYS.
Street Railway*.
PAGE
Conshohocken Ry. f 1049
Consol. Ry.& Power Co. (Salt Lake City) . 1066
Consolidated Rys., Light & Power Co.
(Wilmington, K C.) 1524
Consol. Street Ry. (Strong City) 896
Consolidated Traction Co. of N. J.* f. . . 953
Consolidated Trac. Co. (Pittsburgh) 1040
Continental Passenger Ry.* f 1038
Conway Electric Street Ry 915
Coplay, Egypt & Ironton Street Ry 1029
Corning & Painted Post Street Ry. f 969
Cornwall Electric St. Ry 1079
Cortland County Traction Co 969
Cottage City & Edgartown Traction Co. 916
Covington & Oxford Street RR 871
Creager Electric Light & Power Co 1010
Crosstown St. Ry. of Buff alo f . 975, 1528, 1530
Crump's Street Ry 888
Cumberland Electric Ry. f 908
Cumberland Valley Traction Co. f 1023
Dallas Consolidated Electric Street Ry. f 1064
Danbury & Bethel Street Ry 858
Danville Street Ry. & Light f 886
Danville Ry. & Electric Co. f 1070
Dartmouth & Westport Street Ry. * f . . 916
Dayton & Northern Traction Co. (The) f 1010
Dayton & Troy Electric Ry.* f 1010
Dayton & Western Traction Co.* f 1010
Dayton & Xenia Traction Co 1011
Dayton, Springfield & Urbana Ry. * f. . 1011
Decatur Street Ry 848
Decatur Traction & Electric Co 881
De Kalb Avenue & North Beach RR 968
Delaware County & Philadelphia Electric
Ry.*f 1023
Delaware General Electric Ry 863
Delaware, Street Railways in 863
Denison & Sherman Ry 1064
Denver City Tramway Co. * f 856
Denver, Lakewood & Golden RR. [Elec-
tric Div.] 857
Derby Street Ry 857
Des Moines City Ry 893
Detroit & Lake St. Clair Ry 933
Detroit & Toledo Shore Line RR 931
Detroit & Port Huron Shore Line Ry 932
Detroit United Ry. * f 931
Detroit, Ypsilanti, Ann Arbor & Jackson
Ry. f 933
Street Railways.
PAGE
District of Columbia, Street Railways in. 865
Dover, Somersworth & Rochester Street
Ry 947
Doylestown & Easton Street Ry 1023
Doylestown & Willow Grove Ry 1023
Dry Dock, East Broadway & Battery
RR. f 987, 1529, 1530
Du Bois Traction Ry. f 1024
Duluth Street Ry 937
Duluth-Superior Traction Co. * f 937
Dunkirk & Fredonia RR. * -f- 969
Dunkirk & Point Gratiot Traction Co. . . 969
Duquesne Traction Ry 1042
Durango Ry. & Realty Co 857
East End Passenger Ry 1024
East Harrisburg Passenger Ry. * f 1026
East Hartford & Glastonbury Street Ry. 860
East Liverpool Ry 1018
East Middlesex Street Ry. * f 914
Eastern Ohio Traction Co 1011
East McKeesport Street Ry 1040
Easton & Bethlehem Transit Co 1030
Easton & Nazareth Street Ry 1024
Easton Consol. Electric Co. f 1029
Easton, Palmer & Bethlehem St. Ry. 1029
Easton Transit Co 1029
East Reading Electric Ry. * f 1053
East St. Louis & Suburban Co 881
East St. Louis & Suburban Ry 881
East St. Louis Ry 881
East Side Traction Co 1001
East Taunton St. Ry 916
East Washington Heights Traction RR.. 866
Egypt Electric Ry. f 881
Eighth Avenue RR.* f 984
Electric Light & Ry. Dept. of Anaconda
Copper Mining Co 945
Electric Ry. & Power Co., Tiffin, 0 1011
Electric Ry. Light & Ice Co. f 896
Electric Street Ry. of Clarksville 1062
Electric Traction Co. of Philadelphia* f. lO'io
Elgin, Aurora & Southern Traction Co. 881
Elizabeth, Plainfield & Central Jersey
Ry. t •••• 951
Elmira & Seneca Lake Ry 970
Elmira Water, Light & RR. Co. f 970
El Paso de Robles Street Ry.. , 850
El Paso Electric Ry 1065
Empire Passenger Ry. * f 1038
Erie Electric Motor Co. f 1024
GENERAL INDEX — STREET RAILWAYS.
73
Street Railways.
PAGE
Erie Traction Co. f 1025
Escauaba Electric Street Ry.. 934
Evansville Electric Ry 888
Everett Ry. & Electric Co.f 1072
Exeter, Hampton & Amesbury Street Ry . 946
'airhaven & Westville RR. * f 858
Fairmont & Clarksburg Electric RR 1074
Fairiuount Park & Haddington Pas-
senger Ry. *f 1035
Fairmount Park Transportation Co., *f 1025
Farmington Street Ry.fl 859
Federal Street & Pleasant Valley Pass.
Ry.*f 1044
Fishkill Electric Ry 967
Fitchburg & Leominster Street Ry.* \ . . 916
Florida, Street Railways in 869
Fond du Lac Street Ry. & Light. Co., 1076
Fort Madison Street RR 894
Fort Meade Street Ry. Co. f - 869
Fort Scott Consolidated Supply Co 896
Fort Smith & Van Buren Light & Tran-
sit Co 849
Fort Smith Traction, Light & Power
Co.f 849
Fort Wayne & Southwestern Traction
Co.f 888
Fort Wayne Traction Co 888
Fort Worth & Arlington Heights Street
Ry 1065
Forty-second Street & Grand Street Ferry
RR.*t 985
Forty-second Street, Manhattanville &
St. Nicholas Ave. Ry. f 987, 1529, 1530
Fountain Head Ry 1062
Fox River Electric Ry. & Power Co 1076
Fox River Valley Electric Ry 1076
Framingham, Southborough & Marl-
borough Street Ry. f 921
Framingham Union Street Ry 917
Frankford & Southwark Philadelphia
City Pass. Ry. * f 1035
Frankfort & Suburban Ry 898
Franklin Elec. Street Ry 1025
Frederick & Middletown Electric Ry. . . 908
Fresno City, Belmont & Yosemite RR.. 850
Fresno RR. . 850
Street Railways.
PAOB
Fries Manufacturing & Power Co. \ ... . 1004
Front & Union Point RR 865
Fryeburg Horse RR. f 904
Fulton Street RR. f 990
G
Gainesville & Hall County Street RR. . 871
Galesburg Electric Motor & Power
Co 882
Gait, Preston & Hespeler Street Ry.,
Ltd 1079
Galveston City Ry. f 1065
Gardner, Westminster & Fitchburg Street
Ry 917
Geary Street, Park & Ocean RR. * f . . . 850
General Electric Ry 882
Geneva, Waterloo, Seneca Falls & Cayuga
Lake Tr.Co. f 971
Georgetown & Tenallytown Ry 868
Georgetown Electric St. Ry 898
Georgetown, Rowley & Ipswich Street
Ry 917
Georgia Ry. & Electric Co. \ 871, 1524
Georgia, Street Railways in 870
Germantown Passenger Ry. f 1037
Gettysburg Transit Co 1025
Girard Avenue Pass. Ry 1037
Glenwood & Polytechnic College Street
Ry 1065
Gloucester & Rockport Street Ry. * f . . . 914
Goddard, A. P. & A. J 882
Gordon Heights Ry 865
Grand Haven Street Ry 934
Grand Junction Street RR. f 857
Grand Rapids, Grand Haven & Muske-
gon Ky. 1 984
Grand Rapids Ry. * 934
Great Falls StreetRyf 945
Green & Coates Streets Philadelphia
Pass. Ry*f 1037
Greenfield & Deerfield Street Ry. \ 917
Greenfield & Turner's Falls Street
Ry.*f 917
Greenville Light & Car Co 939
Greenville Traction Co.f 1061
Greenwich Tramway Co 971
Guelph Street Ry 1079
IE?" (*) See, also. Statement of Dividends Paid, 1895-19O2, pases 135O to
1357, inclusive; and (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1473-1485, inclusive.
GENERAL INDEX — STREET RAILWAYS.
Street Railways.
PJ
H
Hagerstown Ry. f 908
Halifax Electric Tramway Co., Ltd.*f. 1079
Hamburg Ry. f 971
Hamilton & Dundas Street Ry 1080
Hamilton & Linden wald Elec.Transit Co. 1016
Hamilton Electric Light & Cataract
Power Co. (Ltd.) * f. 1080
Hami1ton,Glendale& Cincinnati Trac. Co. 1013
Hamilton, Grimsby & Beamsville Elec-
tric Ry.* f 1081
Hamilton Radial Electric Ry 1080
Hamilton Street Ry 1080
Hammond, Whiting & East Chicago
Electric Ry. f 886
Hampshire & Worcester Street Ry 918
Hannibal Ry. & Electric Co 940
Hanover & McSherrystown Street Ry. . . 1026
Harrisburg & Mechanicsburg Elec. Ry.f 1026
Harrisburg City Passenger Ry. * 1026
Harrisburg Traction Co.* f 1026
Hartford & Springfield Street Ry. f.860, 1524
Hartford, Manchester & Rockville Tram-
way Co.f 860
Hartford Street Ry.*f 860
Haverhill & Amesbury Street Ry. f 918
Haverhill & Southern New Hampshire
Street Ry 918
Haverhill, Georgetown & Danvers
Street Ry 918
Helena Light & Traction Co.f 945
Henderson Electric Street Ry 898
Hendersonville Street Ry 1005
Hestonville, Mantua & Fairmount Pas-
senger RR. * f 1036
Highlands RR 889
Hill Crest Avenue Pass. Ry 1037
Hoboken RR. Warehouse & SS. Connect-
ing Co 951
Holmesburg, Tacony & Frank ford Elec-
tric Ry.f 1027
Holyoke Street Ry.* f 918
Hoosac Valley Street Ry 919
Hornellsville & Canisteo Ry. (The) f... 971
Hornellaville Electric Ry.f 972
Hot Springs Street RR. f 849
Houghton County Street Ry. . , 935
Houston Electric C'o.f 1065
Hudson Valley Ry. f 972, 1528, 1530
Hull Electric Ry.f 1081
Huntingdon Street Connecting Passen-
ger Ry.* f 1038
Huntington RR.f 972
Street Railways.
PAQB
Huntsville Ry. , Light & Power Co 848
Hutchinson Street Ry 896
Idaho, Street Rail ways in 872
Illinois, Street Railways in 873
Illinois Valley Traction Co 882
Independence & Rush Park Ry 894
Indiana Ry 889
Indiana, Street Railways in 888
Indianapolis & Eastern Ry 1524
Indianapolis & Eastern Traction Co 889
Indianap. & Greenfi'd Rapid Transit Co. 889
Indianapolis & Martinsville Rapid Tran-
sit Co 889
Indianapolis.Green wood &Franklin R. R. 890
Indianapolis Northern Traction Co. .892, 1525
Indianapolis St. Ry 890
Intermontane RR 1004
International Bridge & Tramway Co 1065
International Ry. Co.* f 974, 1528, 1530
International Traction Co. f 973
Interstate & Leavenworth Ry. (See Kan-
sas City-Leavenworth RR.) 897
Interstate Consolidated Street Ry. * f . . . 919
Interstate Traction Co. f 937
Interurban Street Ry 980
Iowa, Street Railways in 892
Irondequoit Park RR. f 997
Ithaca Street Ry. f 976
Jackson & Suburban Street RR 1063
Jackson Electric Ry., Light & Power Co. 939
Jacksonville Electric Co. f 869, 1525
Jacksonville Ry 882
Jacksonville Street RR. f 869
Jamestown Street Ry. •)• 976
Janesville Street Ry 1076
Jeffersonville City Ry 890
Jersey Central Traction Co 951
Jersey City & Bergen RR. f : 954
Jersey City, Harrison & Kearney Ry. . . . 954
Jersey City, Hoboken & Patersou Street
Ry 951
Johnson City & Carnegie Street Ry 1063
Johnstown, Gloversville & Kingsboro
RR. f 976
Johnstown Pass. Ry. * f 1037
GENERAL INDEX — STREET RAILWAYS.
75
Street Railways.
FACE
X
Kankakee Electric Ry. f 882
Kansas City Elevated Ry 941
Kansas City Interurban Ry 940
Kansas City-Lea ven worth RR 897
Kansas, Street Railways in 896
Keene Electric Ry 947
Kentucky, Street Railways in 897
Keokuk Electric Ry. & Power Co 894
Kessler Street Connecting Pass. Ry. *. . 1038
Key West Electric Co. f 869
Kickapoo Transit Co 940
Kingston Consolidated Ry.976,1525,1528,1530
Kingston, Portsmouth & Cataraqui Elec-
tric Ry 1081
Kittanning & Ford City Street Ry 1027
Knoxville Traction Co. f 1063
Kokomo Ry. & Light Co 890
Lackawanna Valley Traction Co. f 1050
Laconia Street Ry.f 947
La Crosse & Onalaska Street Ry 1076
La Crosse City Ry.* f 1076
La Fayette Street Ry.f 890
Lake Charles St. Ry 900
Lake Cities' Electric Ry. Co. of Michigan
City f 891
Lake Shore Electric Ry. (The) f 1012
Lakeside Ry 1048
Lake Street Elevated RR. f 882
Lancaster & Columbia Ry.* f 1028
Lancaster County Ry. & Light Co.f 1027
Lancaster, Mechanicsburg & New Hol-
land Ry.*f .....' 1028
Lancaster Traction Co. f 1012
Lansingburgh & Cohoes RR 1002
Lansing City Electric Ry.f 934
Laredo Electric & Ry. Co 1065
Latrobe Street Ry 1028
Lawrence & Metbuen Street Ry 919
Lawrence & Reading Street Ry '. 919
Lebanon Valley Street Ry 1028
Lehigh Avenue Ry. f 1036
Lehigh Traction Co.j 1055
Lehigh Valley Traction Co.* f 1028
Lewisburg, Milton & Watsontown Pass.
Ry.f 1030
Street Railways.
PAGE
Lewiston & Youngstown Frontier Ry.
(The) 977
Lewistown & Reedsville Elec. Ry.* f — 1031
Lewiston, Brunswick & Bath Street Ry.f 904
Lexington & Boston Street Ry.* f 920
Lexington Ry 898
Liberty & Jeffersonville Electric RR 977
Light & Power Co. of Olympia 1072
Lima Electric Ry. & Light Co 1012
Lima-Honeoye Electric Light & RR 977
Lincoln Street Car Co 883
Lincoln Traction Co.*f 945
Linwood Street Ry. . . 920
Little Rock Traction & Electric Co 850
Lock Haven Electric Ry 1052
Logansport Ry 891
London Street Ry.*f 1081
Long Island Boynton Bicycle RR 977
Longview & Junction Street Ry 1065
Lookout Incline & Lula Lake Ry 1063
Lookout Point Incline Co 1063
Lorain Street Ry.f 1012
Los Angeles-Pacific RR 851
Los Angeles Ry 851
Los Angeles Traction Co 851
Louisiana, Street Railways in 900
Louisville, Anchorage & Pewee Valley
Electric Ry 899
Louisville Ry.*f 899
Lowell & Boston Street Ry 920
Ludington & Northern RR 935
Lykens & Williams Valley Street Ry . . . 1031
Lynchburg Traction & Light Co 1069
M
Macon Consolidated Street RR. f 871
Macon Electric Light & Ry. 872
Madison Light & Ry 891
Madison Traction Co. f 1077
Mahanoy City, Shenandoah, Girardville
& Ashland Street Ry 1048
Main Street RR 869
Maine, Street Railways in 903
Manchester Street Ry.* f 947
Manhattan Ry.* f 977, 1525, 1529
Manistee, Filer City & Eastlake Ry. f . . . 935
Manitou Electric Ry. & Casino Co 856
Manufacturers' RR. . . . 861
ICT (*) See, also, Statement of Dividends Paid, 1S95-19O2, pages 135O to
1357, inclusive; and (f) Table of Annual meetings, Transfer Agencies, etc., pages
1473-1485, inclusive.
76
GENEEAL INDEX — STREET RAILWAYS.
Street Railways.
PAOE
Marcellus Electric RR 979
Marinette Gas, Electric Light & Street
Ry.f 935
Marion Street Ry. f 1013
Marlborough & Westborough Street Ry. 921
Marlborough Street Ry. f 920
Marquette City & Presque Isle Ry 935
Marshal Itown Light, Power & Ry. f. . . . 894
Martha's Vineyard Street Ry 921
Maryland, Street Railways in 908
Marysville & Yuba City Street Ry 851
Mason City & Clear Lake Ry 894
Massachusetts Electric Cos 1143
Massachusetts, Street Railways in 910
Mauch Chunk, Leighton & Slatington
Street Ry 1031
Maysville St. RR. & Transfer Co 900
Mead ville Traction Co 1031
Mechanicsburg & Buffalo Ry 883
Medfield & Medway Street Ry.f 921
Media, Middletown, Ashton & Chester
Electric Ry 1031
Memphis Street. Ry 1063
Menominee Electric Light, Ry. & Power
'Co. *f 935
Mercer County Traction Co 956
Meriden Electric RR.f 861
Meriden, Southington & Compounce
Tramway Co 861
Meridian Light & Ry 939
Merrill Ry. & Lighting Co. f 1077
Metropolitan Cable Ry. of Omaha 945
Metropolitan RR., Washington, D. C 868
Metropolitan Ry., Portland, Ore 1020
Metropolitan Securities Co 979
Metropolitan St. Ry., Deer Park, Out. . . 1081
Metropolitan St. Ry., Kansas City, Mo. f 940
Metrop. St. Ry., New York, N. Y.* f.980, 1529
Metropolitan West Side Elevated Ry. * f. 883
Miami Valley Ry.f. 1010
Miamisburg& Germantown Traction Co. 1016
Michigan, Street Railways in 930
Michigan Traction Co. f 936
Middleboro, Wareham & Buzzards Bay
Street Ry 921
Middlesex & Somerset Traction Co 952
Middleton & Danvers Street Ry. f 921
Middletown-Goshen Electric Ry. f . ... 990
Middletown, Highspire & Steelton Street
Ry 1026
Middletown St. Ry. * f 861
Milford & Uxbridge Street Ry 922
Milford, Attleborough& Woousocket Ry. 922
Street Railways.
PAGE
Milford, Holliston & Framingham Street
Ry., *f 922
Milford Street Ry 857
Military Post Street Ry. f 1067
Mill Creek Valley St. RR 1013
Milledgeville Ry. f 873
Millvale, Etna & Sharpsburg Street Ry. 1041
Millville Traction Co 952
Milwaukee Electric Ry. & Light Co.* f. . 1077
Milwaukee Light, Heat & Traction Co. f 1078
Minnesota, Street Railways in 937
Mississippi, Street Railways in 939
Missouri, Street Railways in 940
Missouri Water, Light & Traction Co.. . 941
Mobile Light & RR. f 848
Monmouth County Electric Co 952
Monongahela City Street Ry 1032
Monongahela Inclined Plane Co.* f 1032
Monongahela Street Ry 1042
Montana, Street Railways in 944
Monterey & Pacific Grove Street Ry. &
Electric Power Co 851
Montgomery & Chester Electric Ry 1040
Montgomery County Pass. Ry. f 1049
Montgomery St. Ry 848
Montgomery Suburban Street Ry 848
Montoursville Pass. Ry. f 1032
Montreal Park & Island Ry. f 1082
Montreal Street Ry.* f 1081
Montreal Terminal Ry 1082
Montville Street Ry. f 862
Mountain Lake Electric RR 991
Mount Holly Street Ry. f 953
Mount Mansfield Electric RR 1068 '
Mount Oliver Incline Ry 1045
Mount Tom RR 919
Mount Troy & Reserve Township Trac-
tion Street Ry 1032
Mount Vernon Electric Ry 1013
Mousam River RR 907
Muskegon Traction & Lighting Co 936
Myersville & Catochin Ry 908
N
Nanticoke Street Ry 1056
Nashua Street Ry.* f 914
Nashville Ry. f 1063
Nassau Electric RR. (Map) * \ 964
Natchez Electric Ry. & Power Co 939
Natchez Street RR 939
Natick & Cochituate Street Ry. * f 922
GENERAL INDEX— STREET RAILWAYS.
77
Street Railways.
PAGE
Natick & Needham Street Ry 926
Nebraska City Street Ry 945
Nebraska, Street Railways in 945
Negaunee & Ishpeming Street Ry. &
Electric Co. *f 936
Nelson Electric Tram. Co 1082
Neversink Mountain RR. f 1053
New Albany Ry 891
Newark & Granville St. Ry 1013
Newark & Hackensack Traction Co 953
Newark Passenger Ry. f 954
Newark Plank Road Co 954
New Bedford & Onset Street Ry 922
New Castle & Delaware City Ry 865
New England Street Ry.* f 859
New Hampshire, Street Railways in. ... 946
New Jersey & Hudson River Ry. & Ferry
Co 953
New Jersey, Street Railways in 948
New Jersey Traction Co 954
New London Street Ry. * f 862, 1535
New Orleans & Carrollton RR. Light &
Power Co. *f 902
New Orleans City RR. * f 901
New Orleans Rys 900
New Paltz & Poughkeepsie Traction Co. 991
Newport & Fall River Street Ry. f 1058
Newport News & Old Point Ry. &
Electric Co. f 1069
Newton & Boston Street Ry. f 923
Newton Street Ry. * f 923
Newtonville & Watertown Street Ry. f. 923
Newtown Electric St. Ry 1032
Newtown, Langhorue & Bristol Trolley
St. By 1032
New York & Coney Island RR 965
New York & Harlem RR. (City Line) f.. 985
New York & Queens County Ry. f . 991 , 1529. 1530
New York & Stamford Ry...991, 1529, 1530
New York. State of, Street Railways in. 956
Niagara Gorge RR. f 992, 1525
Niagara, St. Catharine's & Toronto Ry.f 1083
Ninth Avenue RR. *f 985
Norfolk & Atlantic Terminal Co 1070
Norfolk & Bristol Street Ry 923
Norfolk, Portsmouth & Newport News
Ry 1070
Norfolk, Portsm. & Newport News Co. . 1525
Norfolk Ry. & Light Co. f 1070
Norfolk West. St. Ry. f 923
Street Railways.
PAGE
Norristown Pass. Ry. f 1049
Northampton & Amherst Street Ry. f . . 924
Northampton Street Ry.* f 923
North Carolina, Street Railways in 1003
North Chicago City Ry.*f 879
North Chicago Street RR. * \ 879
North End Street Ry. * 929
North Jersey Street Ry. f 953
North Kankakee Electric Light & Ry. . . 885
North Side Consolidated Street Ry 1064
North Side Traction Co 1044
Northern Electric Ry 885
Northern Ohio Traction Co. * f 1013
Northern Pass. Ry 1037
Northern Ry. & Improvement Co 1072
Northern Texas Traction Co 1065
Northwestern Elevated RR. f 885
Norton & Taunton Street Ry. f 924
Norwalk Street Ry 857
Norwalk Tramway Co 857
Norway & Paris Street Ry 904
Norwich Street Ry. * f 862
Norwood, Canton & Sharon St. Ry 924
Oakland Transit Consolidated Co 851
Oakwood Street Ry.* f 1014
Ocean City Electric RR 954
Ocean Electric Ry. f 992
Ogden Rapid Transit Co 1067
Ogdensburg Street Ry. f 992
Ohio Central Traction Co. f 1014
Ohio River Electric Ry. & Power Co. f. . 1014
Ohio, Street Railways in 1005
Oil City Station Ry 1033
Oil City Street Ry 1032
Old Colony Street Ry.* f 924
Old Dominion Ry 1071
Olean, Rock City & Bradford RR. f 992
Olean Street Ry. f 993
Omaha & Council Bluffs Ry. & Bridge
Co 894, 1525
Omaha, Council Bluffs & Suburban Ry. 895
Omaha Street Ry.* f 946
Oneida Ry. f 993
Oneonta, Cooperstown & Richfield
Springs Ry 993
Ontario & San Antonio Heights Ry 852
C^ (*) See, also, Statement of Dividends Paid, 18O5-19O2, panes 135O to
1357, Inclusive; and (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1473-1485, Inclusive.
78
GENERAL INDEX — STREET RAILWAYS.
Street Railways.
PAGE
Ontario Light & Traction Co 993
Opelika & Auburn Electric Ry 848
Orange & Passaic Valley Ry 954
Orangeburg City Street Ry 1062
Orange County Traction Co. f 993
Orange Mountain Traction Co 955
Oregon, Street Railways in 1019
Orleans RR 902
Oshawa Ry. f 1083
Oskaloosa Street By. & Land Co 895
Oswego Traction Co. f 994
Ottawa Electric Ry.* f 1083
Ottawa Ry., Light & Power Co 885
Ottumwa Traction & Light Co. f 895
Owensboro City RR 900
Owosso & Corunna Electric Co , 936
Pacific Electric Ry 852
Padueah City Ry 1525
Paducah Ry. & Light Co 900
Palatka & Heights Street Ry 869
Paris Transit Co 1066
Parkersburg & Interurban RR 1074
Passaic & Newark Electric Traction Co. 954
Patterson Heights Street Ry. f 1033
Pawcatuck Valley Street Ry. j. 1059
Pawtucket Street Ry 1060
Peekskill Lighting & RR f 994
Pelham Park RR. f 994
Pennsylvania & MahoningValley Ry.1014,1525
Pennsylvania & Ohio Ry. f 1014
Pennsylvania Motor Co 1030
Pennsylvania Street Passenger Ry 1042
Pennsylvania, Street Railways in 1021
Penn Yan,Keuka Park&Branchport Ry.f 995
Penobscot Central Ry 904
Pensacola Electric Terminal Ry 869
People's Gas & Electric Co 1014
People's Light & Ry 886
People's Pass. Ry., Philadelphia, Pa.* f. 1036
People's Ry., Dayton, O.f 1014
People's Ry., Pottsville, Pa 1046
People's Ry., Wilmington, Del 863
People's Street Ry., Centreville, la. f. . . 895
People's Street Ry. (of Nanticoke &
Newport) 1033
People's Street Ry. & Improvement Co. . 848
People's Traction Co. of Philadelphia * f 1036
People's Tramway Co 862
Peoria & Prospect Heights Ry £
Street Railways.
PAGE
Perth Amboy RR 955
Petaluma Street RR 853
Philadelphia & Chester Ry 1033
Philadelphia & Darby Ry. * f 1038
Philadelphia & Gray's Ferry Pass. Ry.*f 1038
Philadelphia & Lehigh Valley Trac. Co.f 1030
Philadelphia^ West Chester Traction Co. 1033
Philadelphia, Bristol & Trenton Pas. Ry. 1033
Philadelphia, Cheltenham & Jenkintown
Passenger Ry 1037
Philadelphia City Passenger Ry. *f 1038
Philadelphia, Morton & Swarthmore
Street Ry 1031
Philadelphia Rapid Transit Co 1033
Philadelphia Traction Co.* f 1037
Phillipsburg Horse Car RR 955
Phillipston Street Ry 927
Phoanix Gas & Electric Co 1039
Phcenix Ry 849
PinehurstRy. 1005
Pittsburg RR. (The) 897
Pittsburgh & Birmingham Pass. RR 1045
Pittsburgh & Birmingham Traction Co. 1044
Pittsburgh Incline Plane f 1045
Pittsburgh, McKeesport & Connellsville
Ry 1045
Pittsburgh, McKeesport &GreensburgRy. 1045
Pittsburgh, Oakland & East Liberty
Ry. f 1043
Pittsburgh Rys. f 1040
Pittsburgh Traction Ry 1042
Pittsfield Electric Street Ry. * f 925
Pittston & Scranton Street Ry 1050
Pittston, MOOPIC& Pleasant Valley St.Ry. 1057
Pittston Street Car Co 1057
Plattsburgh Traction Co.* f 995
Plymouth & Larksville Ry 1046
Plymouth & Sandwich Street Ry 925
Plymouth Bridge Co 1057
Plymouth Street Ry 1057
Port Carbon & Middleport Electric Ry. . 1046
Port Huron, St. Clair & Marine City Ry. 933
Port Jervis Electric Light, Power, Gas &
RR.f 995
Portland & Yarmouth Electric Ry.f 905
Portland City & Oregon Ry 1020
Portland RR.f 905
Portland Ry. f 1020
Portland Traction Co 1020
Portsmouth Electric Ry 948
Portsmouth, Kittery & York Street Ry.f 905
Portsmouth Street RR. & Light Co 1015
Pottstown Passenger Ry.f 1046
GENERAL INDEX — STREET RAILWAYS.
79
Street Railways.
PAGE
Pottsville & Reading Ry 1046
Pottsville Union Traction Co.f 1046
Pougbkeepsie City & Wappingers Falls
Electric Ry.f 995
Presidio & Ferries RR.f 853
Price Hill Inclined Plane Ry 1015
Prospect Park & Couey Island RR.
(Map) 965
Prospect Park & South Brooklyn RR.
(Map) 965
Providence & Danielson Ry 1059
Providence & Fall River Street Ry 926
Providence Cable Tramway 1060
Public Works Company 906
Pueblo Traction & Lighting Co 857
Punxsutawney Passenger Ry 1047
Quakertown Traction Ry ,
Quincy Horse Ry. & Carrying Co.f.. . . ,
1030
Radford Water Power Co 1071
Railway & Electric Co. of Sedalia (The) 941
Railways Company General 1166
Raleigh Electric Co 1005
Rapid City St. Ry 1062
Rapid Ry. (The) Detroit, Mich 933
Rapid Ry. (The) Cincinnati, 0 1015
Rapid Transit Co. of Chattanooga 1064
Rapid Transit Ry. Dallas 1066
Rapid Transit Street Ry. of the City of
Newark * 954
Raritan Traction Co 955
Reading & Southwestern Street Ry. f . . . 1054
Reading & Temple Electric Ry. * f 1054
Reading & Womelsdorf Electric Ry 1054
Reading City Pass. Ry 1054
Reading Traction Co. * f 1053
Red Cloud Street Ry 946
Redlands Street Ry. f .' 853
Red Oak Street Ry 895
Rhinebeck & Rhinecliff Street Surface
RR 996
Rhode Island Co. (The) 1526
Rhode Island, Street Railways in 1058
Rhode Island Suburban Ry 1060
Street Railways.
PAGE
Richmond & Petersburg Electric Ry. f . . 1071
Richmond Street & Interurban Ry: 891
Richmond Traction Co. * f 1071
Ridge Avenue Connecting Pass. Ry. *. . . 1038
Ridge Avenue Pass. Ry 1038
Ringing Rocks Elec. Ry 1047
Riverside & Arlington St. Ry 853
Riverview Electric St. Ry 1047
Roanoke Ry. & Elec. Co 1071
Rochester & Sod us Bay Ry 997, 1526
Rochester & Suburban Ry. f 997
Rochester, Charlotte & Manitou RR. . . . 998
Rochester Electric Ry. * f 997
Rochester Ry. f 996, 1529, 1530
Rock ford Ry0, Light & Power Co 886
Rockland County Traction Co 998
Rockland, Thomaston & Camden Street
Ry.f 907
Rome City Street Ry 998
Roxborough, Chestnut Hill & Norris-
town Ry. f 1049
Rutland Street Ry. * f 1068
8
Sacramento Electric Gas & Ry.* f 853
Saginaw Suburban Ry 936
Saginaw Valley Traction Co.f 936
St. Albans Street Ry. f 1068
St. Charles Street RR.*f 902
St. Clair Incline Plane f 1047
St. John Ry. (The) f 1083
St. Joseph Ry., Light, Heat & Power Co. 941
St. Louis & Belleville Elec. Ry 881
St. Louis & East St. Louis Electric Ry.f 881
St. Louis & Kirkwood RR 942
St. Louis & Meramec River RR 942
St. Louis & Suburban Ry. f 941
St. Louis, Fenton & Southwestern Ry. . 942
St. Louis, St. Charles & Western RR.. . 942
St. Louis Transit Co.f 942
St. Thomas Street RR 1084
Salem Electric Ry. Co 1015
Salem Light & Tract'n Co.f 1020
San Bernardino Valley Traction Co 854
San Diego Electric Ry 854
Sandwich, Windsor & Amherstburg Ry. 933
Sanford & Cape Porpoise Ry 907
San Francisco & San Mateo Electric Ry. 854
£7 (*) See, also, Statement of Dividends Paid, 1895-19O2, pages 135O to
1357, Inclusive; and (f) Table of Annual Meetings, Transfer Agencies, etc., pages
1473-1485, inclusive.
80
GENERAL INDEX — STREET RAILWAYS.
Street Railways.
PAGE
San Jose RR 854
San Jose & Santa Clara Ry 854
Santa Barbara Consolidated Ry 854
Santa Cruz Electric Ry 854
Santa Rosa City RR.f 854
Sarnia Street Ry.f 1084
Savannah Electric Co. f 872, 1526
Schenectady Ry.f 998, 1529, 1530
Schuylkill Electric Ry . . 1047
Schuylkill Haven & Orwigsburg Street
Ry 1047
Schuylkill River Passenger Ry. * f 1039
Schuylkill Trac. Co. f .' 1047
Schuylkill Valley Traction Co. f 1048
Scranton & Carbondale Traction f 1050
Scranton & Pittston Traction Co. f 1050
Scranton Ry. f 1049
Sea Beach Ry. (Map)... 965
Sea Cliff Inclined Cable Ry 998
Seashore Electric Ry 948
Seattle & Renton Ry 1072
Seattle Ry 1073
Seattle Electric Co. * f.- 1073
Seattle-Tacoma Interurban Ry 1073
Sea View RR 1059
Second Avenue RR. * f. : 985
Second & Third Streets Ry. f 1036
Selma Street & Subur. Ry 848
Seventeenth & Nineteenth Streets Pass.
Ry. * f 1039
Shamokin & Edgewood Electric Ry 1051
Shamokin & Mt. Carmel Electric Ry 1051
Sharon & New Castle Rya. f 1019
Sheboygan Light, Power & Ry.f 1078
Shelburne Falls & Colrain Street Ry. f 926
Shelton Street Ry 857
Sherbrooke Street Ry 1084
Shreveport Belt Ry 902
Shreveport City RR 902
Sioux City Traction Co 895
Sixth Avenue RR. f 985
Skowhegan & Norridgewock Ry. &
Power Co 907
Slate Belt Electric Ry 1030
Somerset Traction Co 907
Somerville Horse RR. * f 912
Southbridge & Sturbridge Street Ry. * f 926
South Carolina, Street Railways in 1061
South Chicago City Ry. f 886
South Dakota, Street Railways in 1062
Southern Boulevard RR. f 988
Southern Light & Traction Co 1066
Southern Ohio Trac. Co . 1015
Street Railways.
PAGE
Southfield Beach RR 999
South Grand Rapids Street Ry 937
South Jersey Gas, Electric & Traction Co. 955
South Manchester Light, Power & Tram-
way Co 861
South Middlesex Street Ry 926
South Orange & Maplewood TractionCo.f 956
South Side Elevated RR. * f 886
South Side Passenger Ry 1045
South Side Passenger Ry 1051
Southwest Chicago Rapid Transit Co. 875
Southwestern Street Ry 1051
Southwest Missouri Electric Ry. f 944
Spartanburg Ry., Gas & Electric Co.. 1062
Spokane & Montrose Motor RR. f 1073
Springfield & Eastern St. Ry 927
Springfield & Western Ry. f 1011
Springfield & Xenia Traction Co 1016
Springfield Consolidated Ry. f 887
Springfield Elec. Ry.f 1068
Springfield Electric Ry. of N. H 1068
Springfield Ry. f 1016
Springfield Street Ry. * f 927
Springfield Traction Co. f 944
Stamford Street RR. f 863
State Electric Co 895
Staten Island Elec. RR. f. 999, 1526, 1529, 1530
Staten Island Midland RR.f 1000
Staunton Light & Power Co 1072
Steubenville and Pleasant Heights Trac-
tion Co 1016
Steubenville Traction & Light Co 1016
Stockton Electric RR 854
Stoughton & Randolph Street Ry 927
Stroudsburg Pass. Ry. f 1051
Suburban Rapid Transit Street Ry. f 1043
Suburban RR. f 887, 1526
Suburban Traction Co. (The) 1016
Suubury & Northumberland Electric Ry. 1051
Susquehanna Traction Co 1052
Syracuse, Lakeside & BaldwinsvilleRy.f 1000
Syracuse Rapid Transit Ry.1000, 1526, 1529
Syracuse & Suburban RR. f 1000
Tacoma Ry. & Power Co.f 1073
Tama & Toledo Electric Ry. & Light
Co.* 895
Tamaqua & Lansford Street Ry. *f 1052
Tamaqua & Pottsville Electric RR... . 1047
GENERAL INDEX — STREET RAILWAYS.
81
Street Railway*.
PAGE
869
Tampa Electric Co.* f
Tarentum Traction Pass. Ry. f 1052
Tarrytown, White Plains & Mamaroneck
Ry.f 988
Templeton Street Ry 927
Tennessee, Street Railways in 1062
Terre Haute Electric Co. f 891
Texarkana Ry 850
Texas, Street Railways in 1064
Third Avenue RR.* f 985, 1527, 1529
Thirteenth & Fifteenth Streets Pass.
Ry.*f 1039
Thirty-fourth Street Crosstown Ry.f. . . 990
Tiffin, Fostoria & Eastern Electric Ry. 1016
Titusville Electric Traction Co 1052
Toledo & Maumee Valley Ry 1017
Toledo & Monroe Ry 1017
Toledo & Western Ry.f 1017
Toledo, Bowling Green & Southern Trac.
Co.f 1017
Toledo, Fostoria & Findlay Ry 1017
Toledo Rys. & Light Co. f 1017, 1527
TopekaRy.f 897
Toronto & Mimico Ry. & Light Co 1085
Toronto & Scarboro Electric Ry. , Light
& Power Co 1085
Toronto Ry.* f 1084
Toronto Suburban Ry 1085
Torrington & Winchester Street Ry 863
Town of Port Arthur Electric Ry. &
Light Co 1085
Trenton, Lawrenceville & Princeton RR. 956
Trenton Street Ry. f 956
Tri-City Ry 895
•Troy & Cohoes RR 1002
Troy & Lansingburgh RR 1002
Troy & New England Ry.f..^ 1001
Troy Hill Inclined Plane & Bridge f 1052
Tucson Street Ry 849
Tuscaloosa Belt Ry., Tuscaloosa, Ala.f . 849
Tuscarawas Traction Co 1018
Tustin Street Ry 1044
Twenty-Eiglith & Twenty-Ninth Street
Cross-town RR.f ..'... 990
Twenty-Second St. & Allegheny Ave.
Pass. Ry.* f 1039
Twenty-Third Street Ry. * f 985
Twin City General Electric Co 937
Twin City Rapid Transit Co.* f 937
Tyrone Electric Ry 1053
Street Railways.
PAGE
u
Union Consolidated Elevated Ry 884
Union Electric Co 896
Union Elevated RR. * f 885
Union Passenger Ry., Phila., Pa. * f . . 1039
Union Power Co 1018
Union RR. Providence, R. If 1060
Union Ry. of Chester, Pa. f 864
Union Ry. Co. of New York f .987, 1529, 1530
Union Street Ry. (The), New Bedford,* f 927
Union Street Ry. , Santa Rosa 854
Union Street Ry. & Transfer Co 897
Union Traction Co., of Indiana,* f..891, 1527
Union Traction Co., Phila., Pa. f 1034, 1527
United Electric Co 1018
United Railroads of San Francisco f 855
United Railways & Electric Co. of Balti-
more * f 909
United Railways Investment Co. of San
Francisco f 855
United Railways Co. of St. Louis, * f . . . 943
United Traction Co., Albany, N.
Y.,*f 1001, 1527, 1529
United Traction Co. of Pittsburgh, * f. . 1043
United Traction Co., Reading, Pa.f 1053
United Traction & Electric Co. * f 1059
Urbana & Champaign Ry. Gas & Electric
Co.f 887
Utah, Street Railways in 1066
Utica & Mohawk Valley Ry. f 1002
Valdosta Street Ry 872
Vallamont Traction Ry 1054
Van Brunt Street & Erie Basin RR. f. . . 1003
Venice, Madison & Granite City Ry 887
Vermilion Ry. & Light Co.f 887
Vermont, Street Railways in 1067
Vicksburg RR., Power & Mfg. Co. f 939
Victory Park Ry 1018
Vincennes Citizens' Street Ry. f 892
Virginia Passenger & Power Co. . 1072
Virginia, Street Railways in 1068
Walnut Street Connecting Ry. *f 1039
Walthain Street Ry 928
C? (*) See, also, Statement of Dividends Paid, 1S95-19O2, pages 135O to
1357, inclusive; and (f) Table of Annual Meetings, Transfer Agencies, etc.. pages
1473-1485, inclusive.
6
82
GENERAL INDEX — STREET RAILWAYS.
Street Railways.
PAGE
Warren, Brookfield & Spencer Street Ry. 928
Warren Street Ry 1054
Washington & Glen Echo ER. f 868
Washington & Rockville RR 869
Washington, Alexandria & Mt. Vernon
Ry 866
Washington, Arlington & Falls Church
Ry. f 866
Washington Electric Street Ry. f 1055
Washington Ry. & Electric Co. f 866
Washington, State of, Street Railways in 1072
Washington St. Ry 892
Washington Water Power Co. * f 1074
Washington, Woodside & Forest Glen
RR.. 867
Waterbury Traction Co 857
Waterford & Cohoes RR 1002
Waterloo & Cedar Falls Rapid Transit
Co 896
Waterville & Fairfield Ry. & Light Co. f 908
Waupaca Electric Light & Ry. f 1078
Waverly, Sayre & Athens Traction Co. f 1055
Waxahachie St. Ry 1066
Weatherford City & Suburban RR 1066
Webster & Dudley Street Ry 928
Wellesley & Boston Street Ry. * f 928
Wellston & Jackson Belt Ry. f 1018
Westbrook, Windham & Naples Ry. ... 905
Westchester Electric RR. f 988
West Chester St. Ry 1055
Westchester Traction Co. f 1003
West Chicago Street RR. Tunnel Co.. . . 880
West Chicago Street RR.* f 879
West End & Long Branch Ry 949
West End Street Ry. * f 912
Western Ohio Ry 1018, 1527
West Jersey Traction Co 950
West Liberty Street Ry 1045
West Philadelphia Pass. Ry. * f 1039
West Pittston & Wyoming St. Ry 1057
Westport & Saugatuck St. Ry 857
West Shore Ry. * f 859
West Side RR. of Elmira. f. 970
West Side Ry. f.. 1067
West Virginia, Street Railways in 1074
West Water Street RR 970
Wheeling & Elm Grove RR. * f 1075
Wheeling & Wellsburg Ry 1075
Wheeling Traction Co. f 1075
Street Railways.
PAGE
Wichita RR. & Light Co. f 897
Wilkesbarre & East Side RR 1057
Wilkesbarre & Hazleton RR. f 1055
Wilkesbarre & Hazleton Ry 1056
Wilkesbarre & Kingston Pass. Ry 1057
Wilkesbarre & Suburban St. Ry 1057
Wilkesbarre & West Side Ry 1057
Wilkesbarre & Wyoming Valley Trac-
tion Co. f 1056
Wilkesbarre, Dallas & Harvey's Lake Ry. 1057
Williamsport Pass. Ry. f 1057
Wilmington & Chester Traction Co 863
Wilmington & New Castle Electric Ry.* f 865
Wilmington City Ry 865
Wilmington St. Ry. f 1005
Winchester Avenue RR. * f 859
Winnebago Traction Co. f 1078
Winnipeg Elec. St. Ry 1085
Winnisimmet RR. * f 914
Winona Ry. & Light Co 939
Wisconsin, Street Railways in 1075
Wissahickon Electric Pass. Ry 1049
Woodstock, Thames Valley & Ingersoll
Electric Ry 1085
Woonsocket Street Ry 1061
Worcester & Blackstone Valley Street Ry. 929
Worcester & Shrewsbury RR 929
Worcester & Shrewsbury Street Ry 929
Worcester & Southb ridge Street Ry 930
Worcester & Webster Street Ry 930
Worcester Consolidated Street Ry. f. . . . 929
Worcester Rys. & Investment Co 928
Woronoco Street Ry 93Q
Yardley, Morristown & Trenton Street
Ry 1057
Yarmouth Street Ry. (Ltd.) 1085
Yonkers RR. (The) 989
York County Traction Co. f 1058
York Street Ry.* f 1058
Youngstown-Sharon Ry. & Light Co. \ . . 1019
Zanesville Electric Ry. f 1019
GENERAL INDEX — MISCELLANEOUS CORPORATIONS.
83
GENERAL INDEX, Continued. — PART 3 : DEPARTMENT OF MISCELLANE-
OUS CORPORATIONS.
Miscellaneous Corporations.
PAGE
Alabama, New Orleans, Texas and Pacific
Junction Railways Co., The (Ltd.).f. • 1086
Alaska Southern Wharf Co 1156
AlDemarle & Chesapeake Canal Co.* f . 1087
Amalgamated Copper Co. * \ 1087
American Agricultural Chemical Co.* f 1088
American Alkali Co 1089
American Beet Sugar Co.* f 1089
American Bicycle Co. f 1089
American Bridge Co. [U. S. Steel] (See
advt., p. 13, back) 1187
American Car and Foundry Co. * f 1091
American Cotton Oil Co.* f 1091
American Cycle Manufacturing Co 1090
American District Telegraph Co.* f 1092
American Grass Twine Co 1092
American Hide and Leather Co. t 1093
American Ice Co.* 1094
American Iron and Steel Manufacturing
Co.*f •' 1094
American Light and Traction Co. * .... 1095
American Linseed Co. * f 1095
American Locomotive Co. * f (See advt.,
p. 10, back) 1096
American Malting Co 1096
American Pneumatic Service Co.* f . . . . 1097
American Railways Co. (The) * f 1097
American Sheet Steel Co. [U. S. Steel]. . 1187
American Shipbuilding Co.* f 1099
American Smelt. & Refin. Co. * f 1099
American Snuff Co. f 1099
American Spirits Manufacturing Co 1127
American Steel Hoop Co. [U. S. Steel].f 1186
American Steel and Wire Co. of New
Jersey [U. S. Steel]*f 1187
American Straw Board Co.*f 1100
American Sugar Refining Co.* f 1100
American Teleg and Cable Co.* f 1196
American Telep. & Teleg. Co.* f 1100
American Thread Co. (The) * f 1103
American Tin Plate Co. [U. S. Steel]. . . 1187
American Tobacco Co. (The)* f 1121
American Type Founders' Co.* f 1103
American Woolen Co. * f 1104
Miscellaneous Corporations.
PAGE
Anaconda Copper Mining Co. 1104
Butte, Anaconda and Pacific Ry. . . . 1105
Associated Merchants Co. (The) 1106
Barney & Smith Car Co. (The) * f (See
advt., p. 3, lack) 1106
Bethlehem Steel Co. f .....1107, 1523
Brooklyn Ferry Co. of New York 1108
Brooklyn Union Gas Co.* f 1108
Brunswick Dock and City Improvement
Co.f 1108
Calumet & Hecla Mining Co 1108
Cambria Steel Co.* f 1108
Canton Co.* f 1109
Carnegie Steel Co. [U. S. Steel] 1186
Central and So. American Teleg. Co.* f 1109
Central Car Trust Co. (The) f 1109
Central Coal and Coke Co.* f 1110
Central Railway and Bridge Co 1110
Chicago Junction Railways and Union
Stock Yards Co. (The) * f 1111
Cincinnati, Newport and Covington
Light and Traction Co 1112
Cleveland Telephone Co 1103
Colonial Sugars Co 1197
Colorado Fuel & Iron Co. (The) * f 1113
Columbus & Hocking Coal & Iron Co.*. 1115
Commercial Cable Co.* f 1115
Consolidated Coal, Iron and Land Co. . . 1118
Consolidated Gas Co. of Baltimore City. 1116
Consolidated Gas Co. of New York * f . . 1116
Consolidated Tobacco Co 1120
Consolidation Coal Co.* f 1119
Continental Tobacco Co.* f 1122
Corn Products Co 1123
Crucible Steel Co. of America * f 1123
Cumberland Coal Association 1156
Denver Gas and Electric Co.f 1124
Detroit City Gas Co. * f 1124
Diamond Match Co.* \ 1124
Diamond State Steel Co.* 1125
Distilling Co. of America (The) f 1125
C? (*) See, also, Statement of Dividends Paid, 1895-19O2, on parses 1358
to 1363, Inclusive ; and (t) Table of Annual Meetings and Transfer Agencies
on pages 1486 to 1489, Inclusive.
GENERAL INDEX — MISCELLANEOUS CORPORATIONS.
Miscellaneous Corporations.
PAGE
Edison Electric Illuminating Co. of
Brooklyn (N. T.)f 1139
Electric Co. of America * f 1129
Electric Vehicle Co. (The) * t H30
Federal Steel Co. [U. S. Steel] * f 1186
Fort Street Union Depot Co. (The) * f . . 1180
Fuller, George A., Co 1130
Gas and Electric Co. of Bergen County, f 1131
General Chemical Co. (The) * 1181
General Electric Co. (See advt., facing
p. 69, Gen. Index) * f 1133
Hackensack Water Co. (The), Reorgan-
ized * f 1135
Hannis Distilling Co. of Phila. & Bait.. 1127
Illinois Car and Equipment Co. (The).. . 1135
Illinois Steel Co. -[U. S. Steel] 1186
International Motor Car Co 1090
International Paper Co. * f 1135
International Power Co. * 1136
International Silver Co. * f 1136
International Steam Pump Co. * f 1136
Jefferson and Clearfield Coal and Iron
Co. (The) * f 1137
Kanawha and Hocking Coal and Coke
Co 1138
Kentucky Distilleries and Warehouse Co. 1128
Kings Co. Electric Light and Power
Co.*f 1139
Laclede Gas Light Co. * f 1140
Lake Superior Con. Iron Mines [U. S.
Steel] 1181
Lehigh and Wilkesbarre Coal Co 1140
Lehigh Coal and Navigation Co. (The)*f 1141
Linehan Ry. Transfer Co. * f „ . . 1143
Lorain Steel Co. [U. S. Steel] 1186
Lorillard Co., P. (The) * f 1122
Louisville and Jeffersonville Bridge Co. f 1148
Massachusetts Electric Cos.* f 1143
Metropolitan Securities Co 979
Mexican Telegraph Co. (The) * f 1144
Michigan Telephone Co 1103
Milwaukee Electric Ry. and Light Co. . 1152
Milwaukee Gas Light Co 1144
Montreal Light, Heat and Power Co.
(The) 1145
Miscellaneous Corporations.
PAGE
National Biscuit Co.* f 1146
National'Carbon Co.* f 1146
National Lead Co.* f 1147
National Salt Co. * 1147
National Steel Co. [U. S. Steel] 1186
National Tube Co. [U. S. Steel] (See
actvt., p. 12, back) 1186
New Amsterdam Gas Co. f 1117
Newark Consolidated Gas Co. (The) * f. 1148
New England Teleph. and Teleg. Co.* f 1148
Newport News Shipbuilding and Dry
Dock Co.f 1149
New York and New Jersey Tel. Co.* f. . 1149
New York and Queens Electric Light and
Power Co. f 1150
New York Dock Co. f H50
New York Edison Co 1117
New York Mutual Gas Light Co 1118
Niagara Falls Power Co. (The) f 1151
North American Co. (The) f 1152
Northern Pacific Terminal Co. of Ore-
gon (The) f 1153
Northern Securities Co 1153
Northwestern Telephone Exchange Co. 1103
Ohio and Indiana Consolidated Natural
and Illuminating Gas Co. * f 1153
Ohio River Bridge and Ferry Co. (The).. 1154
Pacific Coast Co * f 1154
Columbia and Puget Sound RR. . . . 1155
Pacific Coast Ry 1156
Port Townsend Southern RR 1156
Pacific Coast Steamship Co. f 1156
Pacific Mail Steamship Co.* j 1157
Paterson and Passaic Gas and Elec. Co.f 1158
Pennsylvania Electric Vehicle Co. (The) f 1158
People's Gas Light & Coke Co.* \ 1158
Philadelphia Co. (The) * f 1160
Pittsburgh Steamship Company [U. S.
Steel] 1192
Pleasant Valley Coal Co 1162
Pocahontas Coal Co. [N. & W.] f 225
Pocahontas Coal and Coke Co 224
Pressed Steel Car Co.* f U62
Procter and Gamble Co. (The) * f 1163
Pullman Co. (The) * f 1163
Quebec Bridge Co. (Ltd.) 1164
Quincy RR. Bridge Co.f 1164
Railroad Securities Co. (The) 1164
Railways Company General 1166
GENERAL INDEX — MISCELLANEOUS CORPORATIONS.
85
Miscellaneous Corporations.
PAGE
Railway Steel Spring Co 1165
Republic Iron & Steel Co.* f (See advt. in
Classified Index, p. 1636.) 1166
Richmond- Washington Co 1167
Rochester and Pittsburgh Coal & Iron
Co.f 1167
Rubber Goods Manufacturing Co. * ... 1167
St. Joseph Stock Yards Co 1168
St. Louis Terminal Cupples Station and
Property Co.* f 1168
Sacramento Coal Co 1156
Sault Ste. Marie Bridge Co.f 1169
Shelby Steel Tube Co. [U. S. Steel].... 1187
Sloss-Sheffield Steel & Iron Co.f 1169
Southwestern Telegraph and Teleph. Co. 1103
South Yuba Water Co. of New York f. . 1170
Spirits Distributing Co 1128
Standard Distilling & Distributing Co. 1128
Standard Gas Light Co 1118
Standard Milling Co 1170
Standard Oil Co. * f 1170
Standard Rope and Twine Co.f 1170
Street Ry. & Illuminating Properties f.. 1171
Sunday Creek Coal Co.* f 1172
Swift and Co.* f 1172
Tennessee Coal, Iron and RR. Co.* f. . . 1173
Texas and Pacific Coal Co.* f 1174
Texas Pacific Land Trust f 1174
Trenton Potteries Co. (The) * f 1174
Union Bag and Paper Co. * f 1174
United Electric Light & Power Co. * f. . 1175
Miscellaneous Corporations.
PAGE
United Elec. Light & Power Co. of N. Y. 1118
United Fruit Co 1175
United Gas Improvement Co. (The) *f . . 1176
United Power and Transportation Co. . . 1176
United States Cast Iron Pipe & F'dry Co. 1176
United States Envelope Co.* f 1177
United States Leather Co. (The)* f 1177
United States Mortgage and Trust Co.* f 1178
United States Reduction & Refining Co.* 1179
United States Rubber Co.* f 1179
United States Steel Corporation*! 1180
Chicago, Lake Shore & Eastern Ry. 1190
Duluth & Iron Range RR 1190
Elgin, Joliet & Eastern Ry 119-1
Johnstown & Stony Creek RR 1192
Lake Terminal RR 1192
Masontown & New Salem RR. ..... 1192
Waukegan & Mississippi Valley Ry. 1192
Youghiogheny Northern Ry 1192
Newburg & South Shore Railway. . 1192
Ellwood, Anderson & La Pelle RR. 1193
Virginia-Carolina Chemical Co. * 1193
Virginia Co. [N. & W.] f ... 225
Virginia Iron, Coal and Coke Co. f 1194
Virginia & Southwestern Ry 1194
Westchester Lighting Co 1176
Western Telephone & Telegraph Co. f
(See American Teleph. & Telegraph Co.) 1102
Western Union Telegraph Co.* \ 1195
Westingliouse Electric and Manufactur-
ing Co.* f 1196
Wisconsin Telephone Co 1103
ID-" (*) See, also, Statement of Dividends Paid, 1895-19O2, on pages 1358
to 1363, Inclusive ; and (t) Table of Annual Meetings and Transfer Agencies
on pages 1486 to 1489, inclusive.
86
GENERAL INDEX — STATE AND CITY DEBTS.
GENEKAL INDEX, Continued. — PART 4 : DEPARTMENT OF STATE AND
MUNICIPAL INDEBTEDNESS.
State and City Deb
Akron, O
ts.
PAGE
1300
1203
1272
1273
1326
1308
1308
1218
1309
1309
1273
1205
1205
1230
1225
1296
1331
1222
1214
1265
1226
1274
1214
1322
1227
1226
1226
1251
1265
1260
1226
1230
1321
1274
1204
1230
1209
1230
1238
1238
1274
1220
1325
1298
1259
State and City Deb
California State of
fs.
PAGE
1206
1239
1265
1300
1257
1315
1318
1297
1320
1240
1309
1216
1217
1240
1301
1302
1203
1208
1207
1318
1214
1302
1262
1209
1216
1220
1223
1315
1228
1298
1322
1209
1326
1220
1303
1211
1208
1220
1252
1212
1221
1221
1260
1262
State and City Deft
Dubuque, la
ts.
PAGE
1220
1254
1265
1315
1217
1266
1275
1272
1309
1264
1218
1240
1240
1304
1333
1213
1218
1322
1304
1298
1228
1322
1323
1213
1241
1252
1259
1207
1298
1304
1310
1209
1241
1254
1257
1266
1242
1323
1264
1215
1215
Alabama, State of
Cambridge, Mass
Duluth, Minn
Albany County, N. Y. .
Albany N. Y
Camden, N. J
East Orange N. J
Canton, O
Alexandria, Va
Cass County Mo
East Providence, R. I. .
East St. Louis, 111
Elizabeth, N. J
Allegheny County, Pa. .
Allegheny Pa
Central Falls, R. I
Charleston, S. C
Allen County, Ind
Allentown, Pa
Charlotte N. C
Elmira, N Y
Chattanooga, Tenn
Erie County, N. Y
Altoona Pa
Chelsea, Mass
Erie Pa
Amsterdam N Y
Chester Pa
Essex County, N. J
Chicago 111
Arkansas State of
Chicago Sanitary Dis-
trict
Everett Mass
Arlington Mass
Pall River, Mass
Aroostook County, Me. .
Asheville N. C
Chicopee Mass
Cincinnati O . .
Findlay O
Ashland, W^s
Cleveland O
Fitchburg, Mass
Atchison, Kan
Colbert County, Ala
Colorado Springs, Col..
Colorado, State of
Florida State of
Atlanta Ga
Fort Wayne Ind
Atlantic City, N. J
Fort Worth Tex
Columbia S. C
Fostoria, O
Auburn N Y
Columbus Ga
Franklin County, 0. . . .
Frederick Md
Augusta Ga
Columbus O
Austin, Tex
Concord, N. H
Galveston County, Tex.
Galveston, Tex
Baltimore Md
Connecticut, State of . . .
Cook County 111
Bangor Me
Council Bluffs la .
Georgia State of
Bath, Me
Covington Ky
Gloucester Mass
Bay City Mich
Cranston R I
Grand Rapids, Mich. . . .
Great Falls Mont
Bayonne N J
Cumberland Md ....
Beatrice, Neb
Cuyahoga County, O. . .
Dallas, Tex
Gunnison County, Col. .
Hamilton County, O
Hamilton, O
Belfast, Me
Beverly Mass
Bexar County, Tex
Binghamton N. Y
Danbury, Conn
Danville, Va
Birmingham Ala
Davenport, la
Hartford Conn
Boston, Mass
Dayton O
Haverhill, Mass
Bridgeport Conn
Delaware, State of
Denver Col
Hennepin County, Minn.
Henry County, Mo
Hoboken N J
Bristol County, Mass. . .
Brockton Mass . .
Des Moines la ...
Brookline Mass
Detroit Mich
Holyoke Mass
Buffalo, N. Y
District of Columbia. . .
Doniphan County, Kan.
Douglas County, Kan . .
Douglas County, Neb..
Dover. N. H..
Burlington, la.
Hudson County, N. J. . .
Idaho State of
Burlington, Vt
Butler County, O .
Butte City, Mont. . ,
Illinois. State of..
GENERAL INDEX — STATE AND CITY DEBTS.
87
State and City Deb
Indianapolis, Ind
(s.
PAGE
1219
State and City Debts.
PAGE
Manchester, N H 1263
State and City DebtM.
PAGE
New York State of 1271
1217
Manchester Va 1326
Niagara Falls N Y 1293
Iowa, State of
1219
Marion County, Ind. . . . 1218
Norfolk Va 1327
Jackson County, Mo. . . .
1257
Marlborough, Mass.... 1245
Maryland, State of 1227
North Adams, Mass 1247
Northampton Mass 1247
Jacksonville Pla
1213
Massachusetts State of 1228
North Carolina State of 1296
Jamestown, N. Y
1276
M'Cracken County Ky 1223
North Dakota State of 1297
Johnstown, Pa
1310
Medford, Mass 1245
Norwalk Conn 1211
Jefferson County, Ala. .
1203
Melrose, Mass 1245
Norwich Conn. 1211
Jefferson County, O. .
1299
Memphis, Tenn 1320
Norwood O . 1305
Jersey City, N. J
1266
Meriden Conn 1210
Michigan, State of 1251
Oakland Cal 1207
Kansas City, Kan
1222
Middlesex Co., Mass... 1230
Ogden Utah . 1324
Kansas City, Mo
1258
Midflletown, Conn 1210
Ohio State of 1297
Kansas State of
1221
Milwaukee Wis 1331
Oklahoma Territory of 1307
Kearny, N. J
1267
Minneapolis, Minn 1255
Omaha Neb. . 1261
Kentucky, State of
1223
Minnesota, State of 1253
Orange N J 1269
Knox County, Tenn. . . .
1320
Mississippi, State of 1256
Oregon, State of 1307
Knoxville, Tenn
1320
Missouri, State of 1257
Oshkosh Wis 1332
Mobile, Ala 1204
Oswego N Y 1293
La Crosse, Wis
1331
Mobile County, Ala 1204
Otoe County Neb. . 1260
Lafayette County, Mo. .
Lancaster County, Neb.
1258
12(iO
Monroe County, N. Y. . 1272
Montana, State of 1259
Passaic N. J 1269
Lancaster Pa
1310
Montclair N. J . 1268
Passaic County N J 1264
Lansing, Mich
1252
Montgomery Ala 1204
Paterson, N. J 1269
Lawrence Co., So. Dak.
1319
Montgomery Co., Ala.. 1204
Pawtucket, R. 1 1316
Lawrence Mass
1242
Mount Vernon N Y 1276
Pennsylvania State of 1307
Leavenworth Co., Kau. .
1221
Muhlenberg Co., Ky... 1223
Peoria, 111 1217
Leaven worth., Kan. .. .
1222
Muskegon, Mich 1252
Perth Amboy, N J . . 1269
Lee County, la
1220
Muskingum County O. 1300
Petersburg Va 1327
Leominster, Mass
1242
Philadelphia Pa . 1310
1226
Nashua N. H 1263
Pierce County Wash 1329
1223
Nashville Tenn 1320
Piqua, 0 1305
Lima O
1304
Nebraska State of . 1259
Pitkiu County Col 1207
Lincoln County, Nev. . .
1262
Nevada, State of 1261
Pittsburgh, Pa 1314
Lincoln Neb. . .'.
1260
Newark N. J 1268
Pittsfield Mass 1247
Little Rock, Ark
1206
New Bedford Mass 1245
Port Huron Mich 1253
Los Angeles, Cal
1206
New Britain Conn . 1210
Portland Me 1226
Los Angeles Co , Cal . .
1206
New Brunswick N. J.. 1268
Portland 'Ore 1307
1224
Newburgh N. Y 1277
Portsmouth, N H 1263
Louisville, Ky
1224
Newburyport, Mass.,.. 1246
Portsmouth, Va 1327
Lowell Mass
1242
New Castle County Del 1212
Poughkeepsie N. Y. . . . 1293
Lucas County, 0
1299
N Hampshire State of 1262
Providence R.I 1316
Lycoming County, Pa. .
1308
New Haven Conn 1210
Pueblo, Col 1208
1326
New Jersey State of. . . 1263
Pueblo County, Col 1208
Lynn, Mass
1243
New London Conn.... 1211
Pulaski County, Ark. . . 1205
Macon Ga
1215
N. Mexico, Territory of. 1270
New Orleans La . . . . 1224
Quincy, 111 1217
Macoupin County 111 .
1216
Newport Ky 1224
Quincy, Mass 1247
Mahoning County, O. . .
1299
Newport R.I 1316
Maine State of ....
1225
Newton Mass 1246
Racine, Wis 1332
Maiden. Mass.. .
1244
New York. N. Y. . . 1277
Rahway, N. J.. . 1270
GENERAL INDEX — STATE AND CITY DEBTS.
State and City Debts.
PAGE
Kamsey County, Minn. .
1254
Reading, Pa
1314
Rensselaer Co., N. Y. . .
1272
Rhode Island, State of.
1315
Richmond, Va
1328
Roanoke, Va
1328
Rochester, N. Y
1293
Rockford, 111
1217
Rockland, Me
1226
Rutland, Vt
1325
Sacramento, Cal
1207
Sacramento County, Cal.
1206
Saginaw, Mich
1253
St. Joseph, Mo
1258
St. Louis County, Minn.
1254
St. Louis, Mo
1258
St. Paul, Minn
1255
Salem, Mass
1248
Salt Lake City, Utah. . .
1324
Salt Lake County, Utah
1324
San Antonio, Tex
1323
Saudusky, O
1305
San Francisco, Cal
1207
Santa Fe County, N. M.
1271
Savannah, Qa
1215
Schenectady, N. Y
1294
Schuylkill County, Pa.
1308
Scranton, Pa
1314
Seattle, Wash
1329
Sedgwick County, Kan.
1221
1205
State and City Debts.
PAGE
Shawnee County, Kan. 1221
Sioux City, la 1221
Somerville, Mass 1248
South Carolina, State of 1317
South Dakota, State of. 1318
Spokane County, Wash. 1329
Spokane, Wash 1329
Springfield, 111 1217
Springfield, Mass 1249
Springfield, 0 1306
Staunton, Va 1328
Suffolk County, Mass.. 1230
Superior, Wis 1332
Syracuse, N. Y 1294
Tacoma, Wash 1329
Tarrant County, Tex . . . 1322
Taunton, Mass 1249
Tennessee, State of 1319
Terre Haute, Tnd 1219
Texas, State of 1321
Tiffin, O 1306
Toledo, 0 1306
Tonawanda, N. Y 1295
Topeka, Kan 1222
Trenton, N. J 1270
Troy, N. Y 1295
Tulare, Cal 1207
Ulster County, N. Y. . . 1272
Union County, N. J 1265
United States of America 1199
Utah, State of 1324
State and City Debts.
PAGE
Vanderburgh County,
Ind 1218
Vermont, State of 1325
Vicksburg, Miss ... 1257
Virginia, State of 1325
Waco, Tex 1323
Waltbam, Mass 1250
Washington County.Me. 1225
Washington, State of . . 1329
Waterbury, Conn 1211
Wayne County, Mich. . . 1251
West Virginia, State of. 1330
Weymouth, Mass 1250
Whatcom, Wash 1330
Wheeling, West Va 1330
Wichita, Kan 1222
Wilkesbarre, Pa 1314
Williamsport, Pa 1315
Wilmington, Del 1212
Wilmington, N. C 1297
Winchester, Mass 1250
Wisconsin, State of 1330
Woodbury County, la. . 1220
Woonsocket, R. 1 1317
Worcester, Mass 1250
Wyoming, State of 1333
Yonkers, N. Y. .
Youngstown, O.
1296
1306
Zanesville, O 1307
GENERAL INDEX — READY REFERENCE BOND-LIST.
89
GENERAL INDEX, Continued. — PAKT 5 : INDEX TO THE BONDS IN READY
REFERENCE BOND-LIST, PAGES 1364-1445.
[NOTE. — In this Index the number in large type represents the page-folio in the book, while the small figures
above and following the larger figures represent the line on that page where the description is to be found.
Thus, for particulars in reference to the Abbotsford and Northeastern KB. bonds, reference should be made to
line 1 on page 1364.]
Page — Line.
Abbotsford and Northeastern EK 1364 »
Aberdeen and Asheboro Ky 1364 a
Adirondack Ry 1386 8
Aiken Branch (Southern) 1434 1S
Akron and Barberton Belt ER 1364 3
Alabama Central RR 1434 "
Alabama Great Southern Ry., Ltd 1426 1B
Alabama Great Southern RE 1426 14~18
Alabama Midland Ey 1366 1S
Alabama and Vicksburg Ry 1426 a°-aa
Alamedo and Sacramento Mountain Ry 1406 a7
Albany and Northern Ry .1364 «
Albany and Susquehanna EE 1386 »-»
Albemarle and Ealeigh RR 1366 ll
Allegheny and Western Ry 1372 a«
Allegheny Valley Ry 1416 1«-19
Allentown Terminal RR 1374 S8
American Dock and Improvement Co 1374 34
Ann Arbor RR 1364 «
Aransas Harbor Term. Ry 1364 «
Arizona and Utah Ry 1364 7
Arkansas Harbor Terminal Ry 1364 •
Arkansas Midland RR 1404 4S
Arkansas Southern RR 1364 8
Aroostook Northern RR 1368'°
Ashland Coal and Iron Ry 1364 •
Ashley River RR 1366 l«
Ashtabula and Pittsburgh Ry 1420 4°
Astoria and Columbia River RR 1364 10
Atchison and Eastern Bridge Co 1364 J »
Atchisonand Nebraska RR 1380 >•
Atchison System 1864 Ia-a*
Atchison, Topeka and Santa Fe Ry 1364 »-«
Atlanta and Birmingham RR 1364 "
Atlanta and Charlotte Air Line Ry 1436 '-»
Atlanta, Knoxville and Northern Ry 1364 a»-»»
Atlanta and West Point RE 1364 a8
Atlantic City ER 1428 ao
Atlantic Coast Line RR 1364 31
Atlantic Coast Line RR. of South Carolina. . 1364 »8
I 1364 33-38
1.1366 i-«
Atlantic and Danville Ey 1436 10
Atlantic and North Carolina RR 1364 3a
Atlantic, Tennessee and Ohio RR 1434 a3
Atlantic, Valdosta and Western Ry 1366 sl
Atlantic and Yadkin Ey 1434 3«
Augusta Southern EE ... I48614
Augusta Terminal Ey 1306 a«
Austin and Northwestern EE 1438 3a
Bald Eagle Valley EB 1416 "
Baltimore & Annapolis Short Line ER 1366 3a
Baltimore and Cumberland Valley Ry 1442 a8
Atlantic Coast Line System.
Page— Line.
Baltimore and Cumberland Valley RR 1442 a*
Bait. & Cumberland Valley RR. Extension. . 1441 "
Baltimore & Harrisburg Ry. Western Ext. . . 1442 28
Baltimore and Harrisburg Ry 1442 a7
Baltimore, Chesapeake and Atlantic Ry 1418 14
Baltimore and New York Ry 1368 1S
I 13(56 33-4«
Baltimore and Ohio System J „
( 1368 l **
Baltimore and Potomac RR 1420 >-"
Bangor and Aroostook RR 1368 as-a9
Bangorand Portland Ry 1386 24
Barclay RE 1368 31
Baring Cross Bridge Co 1404 4a
Bath and Hammondsport ER 1368 32 ; 33
Battle Creek & Sturgis Ey 1410 37
Bay City & Battle Creek Ey 1410 3"
Bay Eidge and Annapolis EE 1368 1S
Beaumont Wharf & Terminal Co 1364 18
Beaver and Ellwood RR 1412 •
Beaver Dam RR 1368 34
Bedford and Bridgeport Ry 1416 '«
Bedford Belt Ry 1436 a8
Beech Creek Extension 1408 3
Beech Creek RR 14081; a
Belfast and Moosehead Lake RR 1402 a4
Bellaire, Zanesville and Cincinnati Ry 1368 36; 39
Bellefonte Central RR 1368 "
Bellingham Bay and British Columbia RR... 1368 38
Bell's Gap RR 1420 a3 ; a4
Belt Line Ry 1368 3»
Belt RE. and Stock Yard 139611
Belt Ey. of Chattanoga 1426 >7; 18
Belvidere Delaware ER 1416 19-al
Bennington and Rutland RR 1428 60; "
Bergen County RR 1388 41
Berlin Branch RR 1368 40 ; 4»
Bessemer Equipment Trust (Pitts., B.&L.E.) 1424 4»
Big Level & Kinzua RR 1372 «
Big Stone Gap and Powell's Valley RR 1368 «
Big Stony Ry.. 1368 4S
Birmingham and Atlantic RR 1368 44
Birmingham Mineral RR 1400 a7
Bloomsburg and Sullivan RR 1368 « ; 4*
Blossburg Coal Co 1388 60
Boone Co. and Booneville RR 1442 10
Boone, Rockwell City & Northeastern 1368 47
Boonville RR. Bridge Co 1404 17
Boonville, St Louis and Southern Ry 1404 30
Boston and Albany RR 1408 80; sl
Boston and Lowell RR 1370 *~"
I 1368 48-"
Boston and Maine System •< 1370 i-88
1 1372 »-a
Boston &N.Y. Air L.RR 1412"
90
GENERAL INDEX — READY REFERENCE BOND-LIST.
Page— Line.
Boston & Providence RR 1412 ao
Boston, Concord and Montreal RR 1370 2S
Boston, Revere Beach and Lynn RR 1372 3~4
Boston Terminal Co , 1412 « ; 8a
Boston, Winthrop & Sh. RR 1372*
Boyer Valley Ry 1378"
Bradford, Bordell and Kinzua Ry 1372 6-»
Branch ville and Bowman RR 1372 7
Breakwater and Prankf ord RR 1420 8
Bridgton and Saco River RR. 1372 B~11
Bristol RR 1372 12
Brookline and Pepperell RR 1370 61
Brooklyn and Montauk RR. 1418 2"-28
Brooklyn and Rockaway Beach RR 1372 J 3
Brunswick and Birmingham RR 1372 14
Brunswick and Chillicothe RR 1442 1 »
Brunswick and Western RR. (Atl.CoastLine) 1366 18
Buffalo, Bradford and Pittsburgh 1390 3
Buffalo Branch 1388 26
Buffalo Creek RR 1372 ir; 18
Buffalo, New York and Erie RR 1388 33
Buffalo, Rochester & Pittsb. Ry. System.. . . 1372 19-32
Buffalo and Southwestern RR 1388 34
Buffalo and Susquebanna RR 1372 15~16
Burlington, Cedar Rapids and Northern Ry. 1383 2«-29
Burlington & Missouri River RR. in Neb. .. 1380 »~11
Burnside and Cumberland River Ry 1372 33
Butler Equipment Trust (Pitts., B. & L.E.). 1424 46
Butte, Anaconda and Pacific Ry 1372 34
Cairo and Kanawha Valley 1372 35
Cairo Bridge (Illinois Central) 1394 39
Cairo Division (C. C. C. & St. L.) 1410 »
Cairo RR 1374 8
California Eastern Ry 1372 3S
California Northwestern Ry 1372 8T-38
California Pacific RR 1438 3"5
Cambria and Clearfield RR 1416 22
Camden and Atlantic RR 1420 "-21
Camden and Burlington County RR.. 1416 23
Campbell Hall Connecting RR 1398 2
Canada Southern Bridge Co 1412 »
Canada Southern Ry \ *'
i J412 ^ — **
Canadian Pacific System in U. S 1372 S9~4«
Canastota Northern RR 1398 2«
Cane B.elt RR 1372 47
Carolina and Northwestern Ry 1374 2
Carolina Central RR 1433 33
Carolina Midland Ry 1436 3-«
Carolina Northern RR 1374 »
Carrabelle, Tallahassee and Georgia RR 1374 *
Carondelet Branch, P. RR. of Mo. (Mo. Pac.) 1404 «
Carson and Colorado Ry 1438 19
Carthage and Adirondack Ry 1408 4
Carthage, Watert'n & Sackett's Harbor RR.. 1408 20
Catasauqua and Fogelsville RR 1428 21
Catawissa RR 1428 a; s
Catonsville Short Line RR 1374 4
Catskill Mountain Ry 1374 B-O
Cecilia Branch (L. & N.) 1400*
Cedar Rapids & Mo. River RR 1376 44~46
Cedar Rapids, la. Falls & N. W. Ry 1382 »8
Central Branch Ry., The 1404 3«
Central Branch Union Pac. Ry., The 1404 3 '
Central Division (St. L. & San Fran.) 1430 »«
Page— Line.
'entral Massachusetts RR 1370 18-19
Central of Georgia Ry. Mobile Division .... 1374 l4
Central of Georgia Ry. System 1374 »-"
Central New England Ry 1374 »-»»
ientral Ohio RR 1366 41
Central Pacific Ry 1438 24-25
entral Pennsylvania and Western RR 1374 S8
Central RR. of New Jersey 1374 2»-41
Central RR. of Pennsylvania 1374 42
Central RR. of South Carolina 1366 22
'entral Texas & Northwestern Ry 1438 33
lentral Vermont Ry 1374 43-4a
Centreville Branch (Nash., Chat. & St.L.).. 1406 1B
harleston, Clendennin and Sutton RR 1376 1
Charleston and Sav'nah Ry. (AO. Coast Line) 1366 17
harleston & Western Carolina Ry 1366 24-2«
harlotte, Columbia & Augusta RR 1434 25-28
harlottesville & Rapidan RR 1434 35
hartiers Ry. (Pa. Co.) 1422 »•
hateangay Ry. (Chateaugay RR.) 1376 2~4
hatham and Lebanon Valley RR. (Rutland) 1430 »
hatham RR 1412 21
'hattahoochee and Gulf RR.(Cent.of Ga.Ry.) 1374 «
Chattahoochee Valley RR 1376 6
hattanooga Division (Cent, of Ga.) 1374 18
Chattanooga, Rome & Southern RR 1374 19-24
Cheraw and Darlington RR 1364 39
Chesapeake Beach Ry 1376 24
Chesapeake & Ohio Grain Elevator Co 1376 18-20
Chesapeake & Ohio Steamship Co 1376 21
Chesapeake and Ohio System 1376 «-22
Chesapeake and Western RR 1376 2S
Chester and Becket RR 1408 32
Chester Creek RR 1420 "
Chester, Perryville & St. Genevieve 1376 25
Chicago and Alton System 1376 2"-31
Chicago and Atlantic Ry 1388 49
Chicago & Eastern Illinois Extension 1376 36~38
Chicago and Eastern Illinois RR. System. . . . 1376 33~41
Chicago and Erie RR 1388 48
Chicago & Indiana Coal Co. Ry 1876 39
Chi. & Indpls. Div. L. N. A. & C. RR. (C. I.
&L.) 1380 28
Chicago and Iowa Division (C., B. & Q.) . . . . 1380 T
Chicago and Kenosha Ry 1380 39
Chicago & Lake Superior Div. (C.,M. &St.P.) 1382 »
Chicago and Lake Superior Ry 1376 32
Chicago & Milwaukee Div. (C., Mil. & St. P.) 1380 40
Chicago & Missouri River Div.(C.,M.&St.P.) 1382 »«
Chicago & North Mich. RR 1424 23
( 1376 42~48
Chicago and Northwestern System •< ^ „ j_45
Chicago and Pacific Division (C., M. & St. P.) 1382 2
Chicago & Pacific West. Div. (C., M. & St. P.) 1382 3
Chicago and St. Louis Ry 1364 15
Chicago and Southeastern Ry 1380 3«
Chicago & Southeastern Ry 1378 4e ; 4T
Chicago and Tezas 1396 4
Chicago and Toman 1378 •
Chicago and Western Indiana RR 1378 4S; 49
Chicago & West Michigan , 1424 «»
( 1378 so-52
Chicago, Burlington and Quincy System... j 1-17
Chicago, Burlington & Quincy Joint Col- i 1392 87
lateral Trust Bonds | 1414 "
Chicago, Detroit & Can. Grand Trunk Jc. . . . 1392 '4; »
GENERAL INDEX — READY REFERENCE BOND-LIST.
91
Chicago* Great Western RR
Chicago Great Western System
Chicago, Indiana and Eastern
Chicago, Indianap. and Louisville System. .
Chicago, Iowa and Dakota
Chicago Junction Ry
Chicago, Lake Shore and Eastern
Chicago, Milwaukee & Northwestern
Chicago, Milwaukee and St. Paul System. . -j
Chicago, Peoriaand St. Louis of 111
Chicago, Rock Island and Pacific System.. . .
Chicago, Rock Island & Texas
Chicago, St. Louis & New Orleans
Chicago, St. Louis & Pittsburgh
Chicago, St. Paul and Minneapolis
Chicago, St. Paul, Minneapolis & Omaha. . . .
Chicago Terminal Transfer \
Chicago, Wisconsin & Minnesota
Choctaw & Memphis.
Choctaw, Oklahoma and Gulf
Cincinnati and Dayton
Cincinnati & Muskingum Valley
Cincinnati and Westwood RR
Cincinnati, Dayton and Chicago
Cincinnati, Dayton & Ironton
Cincinnati, Georgetown and Portsmouth
Cincinnati, Hamilton and Dayton System
Cincinnati, Hamilton & Indianapolis
Cincinnati, Ind'ap., St. Louis & Chicago,
Cincinnati, Lafayette & Chicago
Cincinnati, Lebanon and Northern
Cincinnati Northern
Cincinnati, Richmond and Ft. Wayne
Cincinnati, Richmond and Muncie
Cincinnati, Sandusky & Cleveland
Cincinnati Street Connecting Ry
Cin., Wabash & Mich. Div. C., C., C. & St. L.
Clearflcld and Jefferson Ry
Clearfleld and Mahoning
Clearfteld Southern
Cleveland, Akron and Columbus
Cleveland and Mahoning Valley
Cleveland and Marietta
Cleveland and Pittsburgh
Cleveland, Columbus, Cin. and Indianapolis.
Cleveland, Cincinnati, Chicago and St. Louis -J
Clevelimd, Lorain and Wheeling
Cleveland Terminal and Valley
Coal and Iron
Colchester Ry
Colebrookdale RR .*.
Colfar Northern RR
Collins and Reidsville
Colorado and Northwestern
Colorado and Southern Ry
Colorado Bridge
Colorado Midland
Colorado Springs and Cripple Creek District.
Columbia and Greenville
Columbia and Palouse
Columbia and Port Deposit
Columbia and Red Mountain.
Columbia & St. Louis RR
Page— Line.
13841; 2
1380 I*-23
1380*4
1380 26-31
1380 32
1380 33
1380 S4-39
1378 «
1380 4°-48
1382 I-"
1382 i8-51
1382 22-44
138235
1396 i-s
14228
1378 37
1378 3T-44
138248
1384"; a
144411
138237
1382 3«-4a
138413
1422 2»
13843
1384"
13841°
13844
1384 »-"
1384 i4-i«
1408 43. 44
1408 4i
.1422 "
1410 15
142246
138418
1410 2
1422 22- 23
1410 •
1420 25
1372 27
1334 i»
142230. si
1388 6«
1420 43
1420 35-38
1408 45; 46
1408 42-4S
1410 I"17
1368 4-<>
1368s
1442 37
1412 "
14284
138420
1384 "i
13:4 22-23
1384 24
1396 i"
1384 25
1384 2«; 27
1434 "
144041
1416 24
1394 •
144213
Page— Line.
Columbia, Newberry and Laurens 1384 «« ; "»
Columbia Railway and Navigation Co 1384 80
Columbia Southern 1384 3i
Columbus and Cincinnati Midland RR 1366 4s
Columbus and Indianapolis Central 1422 1°; >*
Columbus and Toledo RR 1394 24
Columbus and Xenia 1422 24
Columbus Connect. & Term 1414 i 3
Columbus, Hope & Greensburg 1410 8
Columbus, Kinkora and Springfield 1416 25; 2«
Columbus, Lima and Milwaukee 1384 32
Columbus, Sandusky and Hocking 1384 33~38
Columbus Terminal & Transfer 1P84 3S
Colusa and Lake 1334 3»
Concord and Claremont 1370 53
Concord and Montreal 1370 22-57
Conneaut Equipment Trust 1424 4a
Connecticut and Passumpsic Rivers 1370 20
Connecticut River 1370 28-30
Connecting 1416 27-s»
Connecting Terminal 1384 4o
Consolidated Stone Co., The 1380 31
Consolidation Coal Co 1384 4»
Cooperstowu and Susquehanna Valley 1384 4i
Coos Bay, Roseburg & Eastern RR.& Nav.Co. 1384 4«
Copper Range 1384 43
Cornwall aud Lebanon 1384 44-45
Corvallis and Eastern 1384 46
Coudersport and Port Allegheny 1384 47
Craig Valley Branch 1376 13
Cresson and Irvona 1416 30
Cumberland and Pennsylvania 1384 48-4»
Cumberland Valley 1418 16-i*
Current River 1430 aa
Dakota and Great Southern 1382 1 >
Dakota Central (Chicago and Northwestern). 1378 23
Dakota Central Southern Division 1378 24
Dakota Pacific 1384 60
Dallas and Waco , 1404 »•
Dallas Division (Texas & New Orleans RR.). 1438 "
Danbury and Norwalk 141223; 24
Dansville and Mt. Morris 1384 61
Danville and Grape Creek 1376 34
Dardanelle and Russellville 1384 52
Darien and Western 1384 83; 64
Dawson Ry. & Coal 1406 2»
Dayton and Michigan 1384 12
Dayton and Union 1410 »•
Dayton & Western 1422 20 ; 21
Dayton, Lebanon and Cincinnati 1384 66
Delano Land Co 1398 35
Delaware and Bound Brook 1428s; «
Delaware & Chesapeake 1420 6
Delaware and Hudson Co.'s System 1:186 »-•
Delaware, Lacka wanna and Western System 1386 10-2'
Delaware, Maryland and Virginia 1420 8~B
Delaware 1420 4 ; s
Delaware River and Bridge Co 1416 31
Delaware River Terminal 1426 34; S8
Delaware, Susquehanna and Schuylkill 1386 2»
Denver and Rio Grande System 1386 2»-38
Denver and Southwestern 1386 3»
Denver Extension C. , B. & Q. RR 1380 a
Denver, Lakewood and Golden 1386 40
Des Moines and Fort Dodge 1382 3°-3!1
92
GENERAL INDEX — READY REFERENCE BOND LIST.
Page— lane.
Dee Moines and Minneapolis 1378 T
Des Moines Division (Wabash) 1442 8
Des Moines, Iowa & Northern 1386 41
Des Moines Union 1386 «
Detroit & Bay City (Bridge) 1410 40
Detroit and BayCity 1410 3S; 40
Detroit and Chicago Extension 1442 6
Detroit and Mackinac 1386 «; 44
Detroit, Grand Haven and Milwaukee 1392 18-i<>
Detroit, Grand Rapids and Western 1424 28
Detroit, Monroe and Toledo 1410 23
Detroit Southern 1388 l~*
Dexter and Newport 1402 23
Dexter and Piscataqnis 1402 18
Dillsburg & Mechanicsburg RR 1418 1T
Direct Navigation Co 1438 22
Dover and Rockaway 1374 3T
Downington and Lancaster 1416 3S
Drummond and Southwestern 1388 3
Dry Fork 1388 «
Dubuqueand Sioux City 1396 8
Dubuque Division (Chic., Mil. & St. P.) 1382 «
Duluth and Iron Range 1388 6~6
Duluth, Missabe and Northern 1388 7-»
Duluth Short Line 1414 28
Duluth, South Shore and Atlantic 1372 38-42
Duluth Terminal 1392 38
Duluth, Virginia & Rainy River 1388 10
Duluth, Watertown and Pacific 1392 33
Dunkirk, Allegheny Valley and Pittsburg. . . 1408 3!»-37
Dunkirk, Warren and Pittsburg 1408 33; 3K; 3T
Durham and Northern 1432 35
Dutchess County RR. 1374 "
Eagles Mere 1444 4
East Broad Top RR. and Coal 1388 1J-
Easton and Amboy 139S 1T
Easton and Northern 1386 25
Eastern Division Texas & Pacific 1440 *
Eastern RR 1368 88;
Eastern Ry. of Minnesota 1392 34;
East Pennsylvania 1428 7
East Shore Terminal Co 1388 >3;
East Tennessee & Western No. Carolina RR. 1388 IS
East Tenn., Va. & Ga.Div. Southern Ry... 1434 30;
Eatonton Branch RR 1374 17
Ehensburg and Black Lick 1416 33
Eel River and Eureka 1388 1«-
Egypt 1388 18
Elgin, Joliet and Eastern 1388 19
Elizabethtown, Lexington and Big Sandy. . . 1376 16
Elkton and Guthrie 1400 «
Ellwood Short Line 1366 49
Elmira and Lake Ontario 1418 6l
Elmira and Williamsport 1418 52~
Elmira, Cortland & Northern R R 1398 24~
Elmira Statex Line 1388 46
El Paso and Rock Island 1406 28
Erie and Central New York 1388 20
Erie and Pit: shnnrh 1420 34
Erie and Wyoming Valley 1388 38
Erie RR 1388 2'-
ErieRy 1388 "
(138821-
Ene System 1 1390 '-2
Page— Line.
Eureka and Palisade 1390 23
European & No. Amer. (Me. Cent.) 1402 2a
Evansville & Indianapolis 1390 29~31
Evansville and Terre Haute 1390 *4-28
Evansv., Henderson & Nashv. Div. (L. & N.) 1400 "
Evansville, Terre Haute & Chicago 1376 40
11
32; 33
34-35
32-4»
Fargo and Southern Ry 1382
Farmville and Powhatan 1390
Findlay, Fort Wayne and Western 1390
Fitchburg 1370
Flint and Pere Marquette 1424
Florida Central & Peninsular 1432
Florida Southern, The 1366
Fonda, Johnstown and Gloversville 1390
Fort Scott Equipment Co 1430
Fort Scott, Southeastern & Memphis 1430
Ft. Smith & Van Buren Bridge 1430
Fort Worth and Denver City 1390
Fort Worth and New Orleans 1438
Fort Worth and Rio Grande 1430
Franklin and Megantic 1390
Franklin and Pittsylvania 1436
Freehold and Jamesburg Agricultural 1416
Fremont, Elkhorn & Missouri Valley "... 1378
Fulton County Extension 1390
Fulton County Narrow Gauge 1390
Gainesville and Gulf 1390 44
Gainesville, Jefferson and Southern 1392 8-10
Galveston, Harrisburg & San Antonio 1438 13~18
Galveston, Houston and Henderson 1390 4S
Galveston, Houston and Northern 1438 18
Genesee and Wyoming 1390 48
Genesee Valley Terminal 1418 I0
George's Creek and Cumberland 1390 4?-48
George's Valley 1390 4»
Georgetown and Western 1392 *
Georgia and Alabama 1432 4S
Georgia and Ala. Terminal 1432 «s
Georgia, Carolina & Northern 1432 3«
Georgia, Florida & Alabama 1392 »
Georgia Midland Ry 14S4's't
Georgia Northern 1392 3
Georgia Pacific 1434 28-«
Georgia RR. and Banking Co 1392 4~7
Georgia RR. System 1392 4~10
Georgia Southern and Florida 1436 18
Gettysburg and Harrisburg 1428 22~24
Gila Valley, Globe and Northern 1438 20
Glasgow 1400 3a
Glenn Springs 1392 "
Gloversville & Broadalbin 1390 3»
Goshen and Deckertown 1388 " ; 64
Gouverneur & Oswegatchie 1408 6
Graf ton and Upton 1392 12 ; '3
Grand Rapids and Indiana 1422 4°-4«
Grand Rapids, Kalkaska & Southeastern RR. 1424 28
Grand Rapids, Newago and Lake Shore 1424 2a
Grand River Valley 1410 32
Grand Trunk Junction 1392 22
Grand Trunk System in U. S 1392 14-2«
Grand Trunk Western 1392 2° ; »»
Gray's Point Terminal 1432 »»
Great Falls and Canada 1394 •
Great Neck and Port Washington 1418 38
GENERAL INDEX — READY REFERENCE BOND-LIST.
93
Great Northern System -j
Green Bay and Western
Greenbrier
Greenbrier and New River
Greene
Greenville and Hudson
Green Pond, Walterboro' & Branchv
Greenville Equipment Trust
Gulf and Brazos Valley
Gulf and Interstate Ry. of Texas
Gulf and Ship Island
Gulf, Beaumont & Great Northern
Gulf, Beaumont & Kansas City
Gulf, Western Texas and Pacific. . .
Page— Line.
1392 «~38
1394 i-i"
1394"; i"
1376 22
1376 10
1386i»
1398 30
1366 10
1424 44
1394 is
1394 i*
1394 is-i«
1364 22
1364 i»-2i
1438 «
Hamilton and Kingston 1394 n
Hancock and Calumet 1402 44
Hannibal and St. Joseph 1380 J2
Hannibal Union Depot 1394 is
Harlem River & Portchester 1412 25 ; a
Harriman and Northeastern 1394 i»
Harrisburg, Portsmouth, Mount Joy & Lan-
caster 1416 35
Hartford and Connecticut Western 1374 12
Hart well Ry 1436 i«
Hastings and Dak. Div. (C., M. & St. P. Ry.) 1380 « ; 4« ; «
Hawkinsville and Florida Southern 1394 20
Hazleton Coal Co 1398 2»
Helvetia Coal Property 1372 32
Henderson Bridge and RR 1400 33
Hereford 1402 '•
Hocking Valley RR 1394 23-28
Hodgenville and Elizabethtown 1396 8
Holly River & Addison 1394 21
Holyoke and Westfleld 1412 27
Honesdale Branch 1388 3s~3t
Hoosac Tunnel and Wilmington 1394 M
Housatonic 1412 "-"
Houston and Shreveport 1438 3T
Houston and Texas Central 1438 27-34
Houston, East & West Texas 1438 3«
Hudson & River Falls 1378 3»
Hunt'gd'n & Broad Top Mtn. RR. & Coal Co. 1394 2»-si
Huntington and Big Sandy 1368 >*
Huffchinson and Southern 1364 *•
Iberia and Vermilion 1438 al
i 1W4 32—48
Illinois Central System J *
( loot) * *
Illinois Division (C., B. & Q. RR.) 13808
Illinois Southern 1396 8
Indiana Block Coal 1376 4>
Indiana, Bloomington& Western .".. 1410 12-14
Indiana, Becatur and Western 1384 "
Indiana, Illinois and Iowa 1410 "
Indianapolis and St. Louis 1408 *?-48
Indianapolis Union 1396 10-i»
Indianapolis and Vincennes 1422 26-27
Indiana Stone 1380 30
International and Great Northern System... 1396 12-1*
Iowa and Dakota Division (C., M. & St. P.). 1380 4S
Iowa Central 1396 "-is
Iowa Division (C., B. & Q. RR.) 1378 «i-6a
Iowa Division (Chicago & N. W. Ry.) 1378 »•
Iowa Falls and Sioux City 1396 •
Page— Line.
Iowa, Minnesota & Northwestern 1378 34
Jackson, Lansing & Saginaw 1410 at
Jacksonville and St. Louis 1396 >•-«
Jacksonville & Southeastern 1396 i •
Jacksonville and Southwestern 1396 26-27
Jamestown & Chautauqua 1396 23
Jamestown, Chautauqua and Lake Erie 1396 22
Jasper Branch (Nash., Chatt. & St. L. Ry.). . 1406 »
Jefferson & Clearfield Coal & Iron 1372 29-s°
Jefferson Branch 1388 40
Jeffersonville, Madison & Indianapolis RR... 1422 12.; is
Jerome Park 1S96 24
Jersey Central „ . . 1^26 33
Johnsonburg & Bradford 1372 28
Johnsonburg 1416 38
Joliet and Blue Island 1380 37
Joliet & Northern Indiana RR 1410 38
Jonesboro, Lake City and Eastern 1396 2»
Junction and Breakwater RR 1420 6~7
Junction 1420 i4 ; i6
Kalamazoo, Allegan & Grand Rapids RR.... 1410 2«
Kalamazoo & South Haven RR 1410 30
Kalamazoo & White Pigeon RR 1410 24
Kanawha and Coal River 1396 28
Kanawha and Michigan 1440 i8
Kankakee and Seneca RR 1410 1°
Kanona and Prattsburgh 1396 2»
Kansas & Missouri RR 1430 33
Kansas City & Memphis Ry. & Bridge 1430 s»
Kansas City and Pacific Ry 1404 "
Kansas City Belt 1430 40
Kansas City, Clinton & Springfield 1430 4 1 ; «
Kansas City, Excelsior Springs & Northern. 1442 12
Kansas City, Ft. Scott & Gulf RR 1430 »•
Kansas City, Ft. Scott & Memphis Ry 1430 »•-••
Kansas City, Memphis & Birmingham 1432 i~4
Kansas City Northwestern RR 1404 33~s*
Kansas City, St. Joseph & Council Bluffs RR. 1380 13~1«
Kansas City, St. Louis & Chicago RR 1376 s»
Kansas City Southern 1396 "
Kansas Equipment Co 1430 9S
Keesv., Ausable Chasm & Lake Champ. RR. 1396 si
Kennebec Central 1396 3a
Kentucky and Indiana Bridge and RR 1396 33; ««
Kentucky Central 1400 24
Keokukand Des Moines 1382 33
Keokuk and Hamilton Bridge 1396 3»
Kewaunee, Green Bay and Western 1396 3*
Knox and Lincoln 1402"
Knoxvilleand Ohio 1434 8»
Kootenay Ry. and Navigation Co 1394 '•
LaCrosse and Davenport 1382*
Lake Erie, Alliance and Wheeling 1396 8T
Lake Erie & Western 1410 "-M
Lake Erie Division (Wheeling & Lake Erie). 1442 8«
Lake Shore & Michigan Southern Ry 1410 2i~»8
Lakeside and Marblehead 1396 38
Lake Superior and Ishpeming Ry 1396 8»
Lake Superior Terminal and Transfer Ry. . . 1396 4»
Lancaster and Chester RR 1396 «
Lawrenceville Branch 1396 4a
Leamington & St. Clair Ry 1410"
Leavenwortb. and Topeka Ry 1396 4»
GENERAL INDEX— KEADY REFERENCE BOND-LIST.
Page— Line.
Leavenworth Terminal Ry. and Bridge 1396 44
Lebanon Branch (Nash., Chatt. & St. L.Ey.) 1406 ia
Lehigh and Hudson River 1396 **-«»
Lehigh and Lackawanna 1374 40 ; 4 »
Lehigh and New England 13981; a
Lehigh and New York 1398 ai
Lehigh Valley Coal Co 1398 33-34
Lehigh Valley RR 1398 3~14
Lehigh Valley System 1398 3~36
Lehigh Valley Terminal '. 139818
Le Roy & Cauey Valley Air Line RR 1404 3a
Lewisburg and Tyrone 1416 3T
Lexington and Eastern 1398 3e; 37
Lexington Division (Mo. Pac. Ry.) 1404 as
Ligonier Valley 1398 38
Lime Rock 1398 3»
Lincoln and Northwestern RR 1380 »7
Lincoln Park & Charlotte RR 1372 2»
Litchfleldand Madison 1382 ai
Litchfleld Division (Illinois Central) 1394 48
Little Falls and Dolgeville 1398 40 ; 41
Little Miami 1422 i8~24
Little Rock and Fort Smith Ry 1404 40
Little Rock and Hot Springs, Western 1404 44
Little Rock Bridge 1382 38
Little Rock Junction Ry 1404 41
Long Dock Co.. . . 1388 "
Long Island 1418 ' 8-43
Long Island City and Flushing 1418 so; S1
Long Island RR. Ferry 1418 ™; a4
Long Island RR., North Shore Branch 1418 33
Lookout Point Incline 1398 4S
Louisiana and Arkansas 1398 44
Louisiana and Northwestern 1398 4B
Louisiana Southern 1400 l
Louisiana Western RR 1436 32
Louisville and Atlantic 1400 a
Louisville and Jefferson Bridge 1400 3
Louisville and Nashville System 1400 4~34
Louisville & Nashville and Mobile & Montg. 1400 2B
Louisville and Nashville Terminal Co 1400 34
Louisville and Wadley 1400 35
Louisville, Cincinnati and Lexington Ry 1400 7~19
Louisville Division and Terminal 1394 49
Louisville, Henderson and St. Louis 1400 38
Louisville, New Albany and Chicago 1380 a7; as
Louisville, New Albany and Corydon 1400 87
Louisville, New Orleans and Texas RR 1444 18; 17
Low Grade Division (Allegheny Valley) 1416 1S
McCloud River RR 1400 »»
McKeesport and Belle Vern. RR 1412 •
Macon and Birmingham Ry 1400s*
Macon and Northern Division 1374 1B
Macon, Dublin and Savannah 1400 40
Macopin RR 1390 19
Madison Ext. (Chic. & Northw.) 1376 4«;
MahoningCoal RR 1410 «''
( 1400 41- 4a
Maine Central System j . .__ ,_j4
Maine Shore Line 1402 ia
Manchester and Augusta RR 1364 38
Manchester and Lawrence RR 1370 31
Manistee and Grand Rapids RR 1402 2B
Manistique Ry 1402 a«
Manitouand Pike's PeakRy 1402"
Page— Line.
Maricopa and Phoanix and Salt Riv. Val. RR. 1402 a8
Marion and Rye Valley RR 1402 a»
Marquette Equipment Co 1424 2B
Marquette, Houghton and Ontonagon 1372 41
Marshfleld and Southeastern Ry 1444 14
Maryland and Pennsylvania RR 1402 3°-33
Massena Terminal 1402 36
Massillon RR 1442 43
Massillon and Cleveland RR 1420 33
Maysville and Lexington Northern Div 1400 6
Mason City and Fort Dodge 1380 "
Meadville,ConneautLake and Linesville RR. 1424 49
Memphis, Clarksville and Louisville 1400 4
Memphis Division (C., St. L. & N. O.) 1396 s
Memphis Division (Southern) 1434"; la
Memphis, Kansas and Colorado Ry 1430 3a
Menominee Extension 1376 47
Menominee River RR 1378 a
Menominee River RR. Extension 1373 3
Merchants' Bridge 1440 *
Michigan Air Line RR 1410 a»
Michigan Air Line Ry 1392 a3
< 1410 a»-4s
Michigan Central RR j . „ ,_s
Michigan Midland & Canadian RR 1412 2
Middlebnrg and Schoharie RR 1402 »•
Middle Division (Illinois Central) 1394 40
Middle Georgia and Atlantic Division 1374 '«
Middlesex Valley RR 1398 as
Middletown and Cincinnati RR 1402 3T
Middletown and Crawford RR 1388 "
Middletown, Unionville and Water Gap RR. 1390 21-22
Midland of Indiana 1378 4«; 47
Midland RR. of New Jersey 1390»
Milford and Woonsoc. RR 1412 33
Milf., Frankin & Prov. RR 1412 34
Mill Valley and Mount Tamalpais Scenic Ry.. 1402 38
Milw. and Lake Winnebago RR 1444 12
Milwaukee and Mad. Ry 1378 4
Milwaukee and North. RR 1382 >•-«
Milwaukee, Bay View & Chicago 1380 38
Milwaukee, Benton Harbor and Colnm. Ry.. 1402 3»
Milwaukee, Lake Shore & West 1378 "-»
Milwaukee, Lake Shore and Western— Ash-
lanclDiv 1378 "
Milwaukee, Lake Shore and West'n— Marsh-
field Ext 1378"
Milwaukee, Lake Shore and West'n— Mich.
Div 1378 is
Mineral Point Div 1382 B
Mineral Range RR 1402 4°-««
Minneapolis and Duluth 1414 a«
Minneapolis and Pacific 1372 43
Minneapolis and St. Louis (B., C. R. & N.).. 1382 a7
l 1402 45-6°
Minneapolis and St. Louis System i 1404 i • a
( 1378 44
Minneapolis Eastern Ry J
I 1404 3
Minneap., St. P. and Sault Ste Marie 1372 43-48
Minneap.. Sault Ste Marie and Atlantic 1372 44~4«
Minneapolis Union Ry 1392 37-38
Minneapolis Western 1394 »
Minnesota and Iowa Ry 1378 3a
Minnesota and North Wisconsin 14p4 4
Minn, and So. Dak 1378 3S
Minnesota Terminal 1444 1S
GENERAL INDEX — READY REFERENCE BOND-LIST.
95
Page— Line
Minnesota Transfer Ry 1404 5
Minnesota Valley Ry 1378 22
Mississippi River and Bonne Terre Ry 1404 8
Mississippi River Bridge Co 1376 30
Missouri and Western Div. (St. L. & S. F.). . 1430 18
Missouri, Kansas and East. Ry 1404 "-ia
Missouri, Kansas and Texas System 1404 7~20
Mo., Kan. & Tex. Ry. of Tex 1404 i8
Missouri Pacific System 1404 «-*•
Mobile and Bay Shore Ry 1436 ai
Mobile and Birmingham RR 1434 »•-*»
Mobile and Ohio RR 1436 "~a°
Mobile Division (Cent, of Ga. Ry .) 1374 »*
Mobile, Jackson and Kansas City 1404 47
Mohawk and Malone RR 1408 8~7
Monon (Southern Ry.) 1434 l8
Monongahela Connecting 1404 48
Monongahela River 1368 13
Monson 1404 49
Montana RR 1404 «»
Montana Central 1394 2-3
Montana Extension— St. P., M. & M. (Gt.No.) 1392 3»
Montauk Extension RR 1418 84
Montgomery and Erie 1388 6l-6a
Montreal and Province Line RR 1374 44
Morgan's La. & Tex. RR. & S.S. Co 1436 29-sl
Morris and Essex 1386 ia~18
Morris Canal and Banking 1398 ao
Morris County RR 1406 »
Mount Carmel and Natalie 1428 2S
Mt. Holly, Lumberton and Medford 1416 S8
Mount Jewett, Kinzua and Riterville RR 1406 a
Mount Penn Gravity RR 1406s-*
Mount Vernon Branch (E. & T: H.) 1390 «•
Munising Ry 1406 «
Muscatine North and South RR 1406 «
Muskegon, Grand Rapids and Ind 1422 43
Nantasket Beach RR 1412 28
Nantucket Central RR 1406 7
Narragansett Pier RR 1406 8
Nashua, Acton and Boston 1370 2T
Nashville, Chattanooga and St. Louis System. 1406 9-1T
Nashville, Florence & Sheffield Ry 1400 22
Natches Pass RR 1406 l8
National City and Otay Ry 1406 «
NaugatuckRR 1412 2»
Nebraska Extension (C., B. & Q.) 1380 *
Nelson and Ft. Shepard RR 1394"
Nevada-California-Oregon Ry 1406 20
Nevada Central RR 1406 «
Nevada County Narrow Gauge RR 1406 2a
Newburgh and New York J388 3a
Newburgh, Dutchess and Connecticut RR.... 1406 23~24
New Castle and Shenango Valley RR 1390 2
New England RR 1412 3°-37
New Haven and Derby RR 1412 38
New Haven and Northern RR 1412 39~4»
New Jersey and New York 1390 7~8
New Jersey Junction RR , 1408 8
New London Northern 1374 48-4«
New Mexico Ry . and Coal Co 1406 a5-"
New Orleans and Mobile Division (L. & N.). 1400 "-17
New Orleans and Northeastern RR 1426 23~26
New Orleans and Northwestern Ry 1404 46—»«
New Orleans Belt and Terminal Co 1406 30
Page— line
Newport and Cincinnati Bridge 1422 28
Newport and Richf ord RR 1370 2»
Newport and Sherman's Valley RR 1406 31 ; M
Newport and Wickford RR 1406 34
New River Division (Norfolk & West.) 1414 »«
New York and Canada RR 1386s; •
New York and Erie. 1388 21~a«
New York and Flushing RR 1418 29
New York and Greenwood Lake Ry 1390 8
New York and Harlem RR 1408 »
N. Y. and Long Branch RR 1374 85-38
N. Y. andNewEng. RR 1412 30
New York and Northern Ry 14* 10-»
New York and Ottawa RR 1406s4; s*
New York and Pennsylvania RR 1406 38
New York and Putnam RR 1408 lfl-"
New York and Rockaway Beach Ry 1418 37"*8
New York Bay Extension RR 1418 36
N. Y., B'klyn & Manhattan Beach Ry 1418 sa
f 1406 38~47
New York Central and Hudson River RR. I ^Qg i-ta
System j 1410 »~43
I. 1412 »-10
N. Y., Chic. & St. Louis RR 1410 »8
N. Y., Lackaw'a & West'n Ry 1386 i«-»s
New York, Lake Erie and Western 1388 a8
N. Y., Lake Erie & W'n Coal & RR. Co 1388 4S
N. Y., L. E. & W'n Docks & Imp. Co 1388 4a
New York, New Haven and Hartford System 1412 ll-8(»
New York, Ontario and Western Ry 1414 l~3
New York, Pennsylvania and Ohio 1388 4T
New York, Philadelphia and Norfolk RR... 1414 4; *
New York, Providence and Boston RR 1412 >•
New York, Susq'h'na and Western RR 1390 9-aa
New York, Texas and Mexican Ry 1438 "
Nittany Valley RR 1414*
Nodaway Valley 1380 '•
Norfolk and Carolina RR 1366 8; T
Norfolk and Portsmouth Belt Line RR 1414 »
Norfolk and Southern RR 1414 »
Norfolk and Western System 1414 9~> «
Norfolk Term'nl & Transf. Co 1376 «
Norristown Junction RR 1428 8
North Shore Ry 1414"; 8a
Northeast Pennsylvania RR 1428 28
Northeastern RR 1364 38
Northern Alabama Ry 1436 1S
Northern California Ry 1438 a
Northern Central Ry 1418 **-•«
Northern Division— E. Ry. of Minn 1392 3S
Northern Ext. N. H. & N.. 141240; 4»
Northern Illinois Ry 1378 9
Northern Ohio Ry 141020
Northern Pacific System 1414 »8-s«
Northern RR. of New Jersey 13904; *
( 1436 40
NorthernRy -j 143gl
North Pacific Coast RR 1414 3»
North Pennsylvania 1428 "~ia
North Wisconsin Ry 1378 38
Northwestern Coal Ry 1414 3S
Northwestern Division (St. L. & San Fran.).. 1430 28-a8
Northwestern RR. of South Carolina 1366 a7
Northwestern Union Ry 1376 48
Norwich and Worcest'r RR 1412 3«
Norwood and Montreal RR 1480 l8
96
GENERAL INDEX — READY REFERENCE BOND-LIST.
Page— Line.
Ocean Steamship 1374"
Oconee Division (Cent, of Ga.) 1374"
Ogdensb'g & Lake Champlain Ry 1428 49
Ohio and Little Kanawha RR 1368 7
Ohio and West Virginia RR 1394 a»
Ohio Connecting 1422"
Ohio Division (Wabash) 1442 8
Ohio River RR 13688; •
Ohio Southern 1388"
Old Colony RR 1412**-"
Omaha Bridge and Terminal Ry 1414 34
Omaha Division (111. Cent.) 1394"
Ont., Carb'dale & Scran. Ry 1414*
Oregon and California 1438 2«
Oregon RR. and Navigation Co 1440 s"-41
Oregon Short Line 144083-38
Oswego and Rome RR 1408"; M
Oswego and Syracuse 1386 »8 ; 20
OswegoRR. Bridge 140814
OtisRy 1414 »»
Ottumwa, Cedar Falls & St. Paul 1378 8
Owensboro and Nashville 1400s8
Ozark Equipment Co , 1430 S7
Pacific Coast Co 1414 3«~38
Pacific Coast Ry 1414s7
Pacific Extension, St. P., M. &M 1392 3a
Pacific Extension, Minn. & Lt. L 1402 8«
Pacific RR. of Missouri 1404 ai-a»
Paducah and Memphis Division 1400 28
Panama RR 1414 89; 40
Paragould Southeastern 1432 ia
Passaic and New York RR 1390 2°
Paterson Extension 1390 10
Pawtuxet Valley RR 1412 48
Pecos Valley and Northeastern Ry 1364 23
Peninsula Extension (Ches. & O.) 1376 7
Pennsboro & Harrisville, Ritchie Co. Ry 1414 41
Penna. Div., Del. & Hudson Co 1386 l
11414 «
1416 1~61
1418 1~6'-
1420 i-"8
Penna. and N. Y. Canal and RR 1398 18; »•
Pennsylvania and Northwestern RR 1420 "-2<s
(1420 26-»4
1422 »-*•
1424 »-•
Pennsylvania Schuylkill Valley 1416 48
Penobscot Shore Line 1402 18
Pensacol a and Atlantic RR 1400 16
Pensacolaand Perdido 1424 7
Pensacola Division 1400 ia
People's 1424 8
Peoria and Eastern RR 1410"
Peoriaand Pekin Terminal 1424"
Peoria and Pekin Union 1424 9; »«
Peoria and St. Louis 1424 13
Peoriaand Springfield 1424 ia; 1S
Pere Marquette RR 1424 >6-28
Perkiomen RR , 1428 2T; a8
Pere Marquette Transp. Co 1424 20
Perry County 1424 »« ; "
Perry Matthews, Buskirk Stone Co 1380 29
Perth Amboy and Woodbridge 1416 3 •
Peterborough and Hillsborough 1370 6«
Page— Line.
Petersburg 1366 4; «
Philadelphia and Baltimore Central 1420 10
Philadelphia and Brigantine RR . 1424 3«
Philadelphia and Chester Valley 1428 29 ; 30
Philadelphia and Delaware County 1420 ia
Philadelphia and Erie 1416 4»-42
Philadelphia and Frankf ord 1428 3 »
Philadelphia and Long Branch 1416 43
Philadelphia and Reading Ry 1428 37~48
Phila. and Read. Coal and Iron Co 1426 s«
Phila. and Reading Terminal RR 1426 4T
Phila., Germant'n and Chestnut Hill RR 1416 a»
Phila., Harrisburg and Pittsburgh ... 1428 13
Phila., Newtown and New York 1428 3a
Philadelphia Subway 1428 l
Phila., Wilmington and Baltimore RR 1418 65-69
Phillips and Rangeley RR 1424 31 ; 3a
PickensRR 1424 33
Pickering Valley RR 1428 »«
Piedmont and Cumberland Ry 1442 38
Pine Bluff Arkansas River Ry 1432 »3
Pine Creek 1408 ia
Piqua and Troy Branch 1384 18
Piscataquis Division 1368 27
Pittsburgh and Castle Shannon RR 1424 35
Pittsburgh and Connelsville RR 1366 4«
Pittsb. and Lake Erie RR 1412 l~l°
Pittsburgh and Moon Run RR 1424 3»
Pittsburgh and Western Ry 1366 47
Pittsburgh, Bessemer and Lake Erie RR 1424 37~48
Pitts., Chartiers and Youghiogheny 1422 37 ; »8
Pitts., Cincinnati and St. Louis Ry 1422 •
Pitts. , Cin. , Chicago and St. Louis 1422 »-J 3
Pittsburgh, Cleveland and Toledo 1368 1
Pittsburgh, Ft. Wayne and Chicago 1420 3U-a!l
Pittsburgh Junction 13(56 «*; *°
Pittsburgh June. & Middle Division 1366 as
Pittsburgh Junction Terminal Ry 1366 48
Pittsburgh L. E. & W. Va. System 1366 3"
Pittsburgh, Lisbon and Western Ry 1426 l
Pittsburgh, McKeesport and Youghiogheny
RR 1412 i~»
Pittsburgh, New Castle and Lake Erie 1366 4S
Pitts., Ohio Valley and Cincinnati 1420 44
Pittsburgh, Painesville & Fairport 1368 a
Pittsburgh, Shawmnt and Northern RR 1426 a
Pittsburgh, Shenango and Lake Erie RR. 142437; s8
Pitts., Virginia and Charleston 1416 44
Pittsburgh, Wheeling and Kentucky 1422 »6; "
Pitts., Youngstown and Ash tabula 1420 38 ; 40
Plainview RR 1378 '«
Pleasant Hill and De Soto Ry 1430"
Plymouth and Middleborough RR 1412 *»
Pocahontas Coal Land 1414 ">
Pontiac, Oxford and Northern RR 1426 3
Port Arthur, Duluth and Western RR 1426 *
Port Jervis, Monticello and New York RR. . 1426 6
Portland and Rumford Falls Ry 1426 ' ; 7
Portland Union Ry. Station 1426 •
Port Reading 1428 S3
Portland and Ogdensburg 1402 l''
Portland and Rochester RR 1370 »
PortTownsend Southern RR 1414 38
Portsm'th, Gt. Falls & Conway RR 1370 » ; »
Potomac, Fredericksburg and Piedmont RR. 1426 10; "
Potomac ... . . 1428 4l
GENERAL INDEX — REA.DY REFERENCE BOND-LIST.
97
Page— Line
Potomac Valley ............................. 1442 a»
Poughkeepsie and Eastern Ry ............... 1426 ia
Prescott and Eastern RR .................... 1364 "8
Prospect Park and Coney Island ............ 1418 39~43
Provid'ce & Springfi'd RR ................... 1412 »•
Provid'ce & Worc'st'r RR ................... 1412 60
Quakertown and Eastern RR ............... 1426 1S
Queen Anne's RR ........................... 1426 a»
Raleigh & Augusta Air Line ......... ....... 1432 »•
Raleigh and Gaston ....................... 1482 «
Randsburg RR .............................. 1426 30
Raquette Lake .............................. 1408 »8
Raritan River RR ........................... 1426 «
Ravensw., Spencer & Glenv. RR ............ 1368 ll
Reading and Columbia RR .................. 1428 84-3»
Reading Company .......................... 1426 sa
Red Mountain .............................. 1394 s
Rensselaer and Saratoga RR ................. 1386*
Republican Valley RR ...................... 1380 "
Reynoldsville and Falls Creek .............. 1428 3»
Richmond and Allegheny Div. (Ches. & O.). 1376 •; »•
Richmond and Danville ..................... 1434 "~i»
Richmond and Mecklenburg RR ............ 1434 «
Richmond and Petersburg ................... 1366 '-*
Richmond, Fredericksburg and Potomac.... 1428 40
Richmond, York Riv. & Chesap. RR ........ 1434 »«; «»
Ridgway and Clearfleld RR .................. 1416 4»
Rio Grande ................................. 1428"
Rio Grande and Eagle Pass ................. 1428 4t
Rio Grande Gunnison Ry ................... 1386 •»
Rio Grande Junction ........................ 1428 44
Rio Grande Southern ........................ 1386 »»
Rio Grande Western ........................ 1386 >4; *6
Ripley & Mill Creek Valley RR ............. 1368 »»
River Front ......... ....................... 1416 <•; 4T
Roanoke and Tar River RR .................. 1432 »»
Rochester & North. Minn. Ry .............. 1378 »•
Rochester & Pittsburgh RR ................. 1372 «-a>
Roch. & Pitts. Coal & Iron Co ................ 1372 »«; "
Rochester Southern ........................ 1898 «
Rock Island and Peoria ..................... 1382 »«
Rock Port, Langdon & Northern Ry ........ 1428 4»
Rome, Water. & Ogdens. RR ................. 1408 "-"
Rome, Water. A Ogdens. Term. RR ......... 1408 >•
Roswell RR ................................. 1486 '*
Rum. Falls & Rangeley Lake RR ............. 1426*
Ruttiven Extension ......................... 1882 «
IS'"1
Rutland and Noyan ......................... 1430 4
Rutland Canadian ........................... 1428 4»
Rutland Transit ............................ 1430*
Saginaw, Tuecola & Huron RR. ........... " . 1424 «
St. Augustine and South Beach Ry ..... .... 1430 •; T
St. Charles Bridge ........................ 144048; 4«
St. Clair, Madison & St. Louis Belt RR ...... 1430 8
St. Johnsbury and Lake Champlain RR ...... 1430 •
St. John's River Division ................... 1866 "
St. Joseph and Grand Island Ry ............ 1430 >°
St. JoMph Terminal RR ..................... 1480"
St. Joseph Union Depot Co ................. 1430"
7
»—
St. Lawrence & Adirondack Ry
St. Louis and Cairo RR
St. Louis and Hannibal Ry
St. Louis and San Francisco System . . J
I
St. Louis, Belleville and Southern Ry ........
St. Louis Bridge Co .........................
St. Louis, Council Bluffs & Omaha RR ......
St. Louis Division (M., K. & T.) .............
St. Louis Division (C., C., C. & St. L.) ......
St. Louis Division (Southern) ................
St. Louis Division and Terminal (111. Cent.). .
St. Louis, Iron Mountain & Southern .......
St. Louis, Kansas City and Colo. RR ........
St. Louis, Memphis & Southeastern ........
St. Louis, Mer. Bdg. Ter. Ry .................
St. Louis Property (L. & N.) ................
St. Louis Southwestern System .............
St. Louis, Troy & Eastern ....... ...........
St. Louis, Van. & Terre Haute RR ..........
St. Louis, Watkins & Gulf ..................
St. Louis, Wichita and Western ............
St. Mary's Division .........................
St. Paul and Duluth RR ....................
St. Paul-Dnlnth Division (No. Pac.) .........
St. Paul and Northern Pacific Ry ...........
St. Paul and Sioux City ....................
St. Paul Eastern Grand Trunk Ry ...........
St. Paul, Minneapolis & Manitoba Ry .......
St. Paul, Stillwater and Taylor's Falls RR.
St. Paul Union Depot Co ....................
Salt Lake and Los Angeles Hy ..............
San Antonio and Aransas Pass Ry ..........
San Diego, Cuyamaca and Eastern Ry ......
Sandusky, Mansfield & Newark RR .........
Sandy River RR ............................
Sanf ord and St. Petersburg Ry ..............
San Francisco & Northern Pacific Ry ......
San Francisco & San Joaquin Ry ...........
San Pete Valley Ry .........................
Santa Fe, Prescott & Phoenix Ry ............
Saranac and Lake Placid RR ...............
Sault Ste. Marie and Southwestern .........
Savannah, Florida & Western ..............
Schenectady and Duanesbnrg RR ............
Schoharie Valley RR ........................
Schuylkill and Juniata ......................
Schuylkill and Lehigh RR ...................
Schuylkill and Lehigh Valley ................
Schuylkill River East Side RR ...............
Scioto Valley and New England RR .........
Seaboard Air Line System ...... . ...........
Seaboard and Roanoke RR ..................
Seattle and San Francisco Ry. and Nav ......
Sebasticook and Moosehead RR ............
SevierRy ...................................
Shade Gap RR ..............................
Shamokin, Sunbury & Lewisburg RR ........
Shamokin Valley & Pottsville Ry ...........
Sharon Ry. (Erie) ...........................
Shenango Equipment Trust .................
Sherman, Shrev. <fc Southern Ry ............
Shore Line Ry ..............................
Shreveport and Red River Valley Ry ........
Sierra Ry. of California .....................
Sierra Valleys Ry ..........................
Page-Line.
1403 »• ; <o
1436"; as
1430 13; u
143° "~43
1432 »-«
1433 8
1440 1
1443 •
1404 »
1410 «
1434 u
1394 «
1404 **-s»
1332 44
1433 «; T
1440 a
14 10 »
1432 8-13
1432 M
1422 " ; 34
1432 i»
1430 ao
1440 16; «
1414 ai
1414 ao
1414 is
1378 40
1373 3«
1392 28-3a
1378 «
1432 >«-»8
1432 »•
1438 ss
1432 ao
1366 «
1432 »»: aa
1366 a8 ; a»
1372 38
1364 "
1432as-as
1364 a4; as
1376s; 4
1378 43
1366"; >«
1386 «
1432 a«
1416 la; 1J
1428 IS
1398 ar
1368 18
1414 ia
1432a7~4»
1432 30; 31
1432 44
1432 45
1386 «
1388 »a'
1428 l«; »
1418 64
13901; a
142443
1404 18
1412 "
1432 4«
14324*; «
1484*
98
GENERAL INDEX — READY REFERENCE BOND-LIST.
Page— Line.
Silver LakeRy 1434a; » '
Silver Springs, Ocala and Gulf RR 1366 ao
Silverton Northern RR 1434 »
SilvertonRR 1484 4
Sioux City and Pacific Ry 1378 3B
Skaneateles RR 1434*
Snow Shoe Coal Co 1898 84
Sodus Bay and Southern R.R 1418 61
Somerset Ry 1434*; «
South Bound RR , 1432"
South and North Alabama RR 1400 a9; 80
South Carolina and Georgia RR 1436 »
South Carolina and Georgia Extension 1436 a
South Carolina Pacific RR 1366 a3
Southeast and St. Louis Division (L. & N.).. 1400 1S; »<
Southern Indiana Ry I48684; a«
Southern Minnesota Div. (C., M. & St. P.)... 1382 *
Southern Missouri and Arkansas RR 1432 T
Southern Pacific Branch Ry 1436 8«
Southern Pacific RR. of Arizona 1436 s<
Southern Pacific RR. of New Mexico 1436 8S
Southern Pacific Steamship 1436 a8
1436 a*~40
Southern Pacific System J1438»-37
1 1434 9~4a
Southern Ry. System ] 1436 »~a8
South Fork 1416 49
South Georgia RR 1438s8
South Pacific Coast Ry 1438*
Southwestern Coal & Improvement Co 1404 »9
Southwestern Div. (B. & O.) 1366 3«
Southwestern Div. (C., B. & Q.) 1380 »
Southwestern Div. (C., M. & St. P.) 1380 48
Southwestern Div. (Erie) 1388 3B
Southwestern Div. (St. L. & S. F.) 1430 as
Southwest Pennsylvania 1416 60
Spartanburg, Union and Columbia 1434 4a
Spokane Falls and Northern 1394 6
Springfield & Col. Div. (C., C., C. & St. L.). . . 1410 3
Springfield Division (Illinois Central) 1394 «
State Line and Sullivan RR 1398 S1
Staten Island Ry 1368 23
Staten Island Rapid Transit RR 1368 21
Staten Island Rapid Transit Ry 1368 as
State of Texas School Fund Debt (So. Pac.). 1438 10
Steubenville and Indiana RR 1422 7
Stewart Line (L. L RR.) 1418 as
Stillmore Air Line Ry 1438 89
Stockton and Copperopolis RR 1436 87
Stony Creek 1428 87
Sturgis, Goshen & St. L. RR 1410 as
Suffolk and Carolina Ry.. 1438 40
Sullivan County (B. &M.) 1372 »
Sullivan County Coal Branch 1390 a7
Sumpter Valley Ry 1438 41
Sumter and Wateree River RR 1436 •
Sunbury and Lewistown Ry..... 1416 n
Sunbury, Hazleton & Wilkesbarre 1416 la ; »
Snsquehanna Connecting 1390 >8
Sussex RR. 1386 a7
Syracuse, Binghamton & N. Y. 1386 86
Syracuse, Geneva & Corn. Ry 1408 a4; aB
Syracuse Northern RR 1408 1B
Syracuse, Ph'nix&Osw.RR 1408 17
Tabor & Northern Ry 1438 4a
Page— Line
Tacoma Eastern RR 1488 «'
TalbottonRR 1438"
Tallulah Falls Ry 1438"
Tamaqna, Hazieton & Northern 1428 88
Tarkio Valley 1380 »*
Tavares and Gulf RR 1438 **
Taylor's Falls & Lake Superior 1414 a4
Tebo and Neosho 1404 »»
Terminal Ry. of Buffalo 1408 41
Terminal RR., Chicago 1410 '4
I 1438 47- 4e
Terminal RR. Assn. of St. Louis < ,13
Terre Haute and Indianapolis 1424 ' ; a
Terre Haute and Logansport 1422 3* ; 3«
Terre Haute and Peona 1424 3 ; 4
Texas and New Orleans 1438 7-11
Texas and Pacific System 1440 4~7
Texas Central RR 1440 8
Texas Midland RR 14409; 10
Texas Transportation Co 1438 Ja
Thompson Run RR. & Coal 1412 10
Tifton and Northeastern RR 1440 ia
Tifton, Thomasville and Gulf Ry 1440 »
Tintic Range 1386 "7
TiogaRR 1388 44: 4<s
Toledo and Chicago Div. (Wabash) 1422 7
Toledo and Ohio Central System 1440 > 3-> 6
Toledo Belt (W. & L. E.) 1442 "
Toledo, Can. South. & Detroit 1412 3
Toledo, Peoria and Western 142? 39 ; 40
Toledo, Saginaw & Muskegon 1392 24
Toledo, St. Louis & Western RR 1440 >9 ; 20
Toledo, Walhonding Valley and Ohio 1420 41; 42
Tracy City Branch 1406 19
Transylvania RR 1 1440 31
Traverse City RR 1422 44 ; 45
Trenton, Lawrenceville and Princeton 1440 22
Troy and Bennington RR 1370 50
Troy and Tiptonville 1396 7
Tuckerton RR 1440 23
Tuscarora Valley RR 1440 24
Tyrone and Clearfield 1416 6I
Ulster and Delaware RR 1440 as-a7
Unadilla Valley Ry 1440a8; a9
Union and Logansport RR 1422 •
Union Depot Co., Columbus, O 1424 6; 9
Union Pacific System 1440 "~41
Union (Pittsburgh) 1440 80
Union Terminal (W. N. Y. &Pa.) 1418 »
United N. J. RR. & Canal Cos 1418 »~*
United States and Canada RR 1392 «6-3«
United Verde and Pacific Ry 1440 4a
UpperCoosRR 1402 ao; al
Utah and Northern Ry 1440 84; 86
Utah Central 1386 38
Utica and Black River RR 1408 as
Utica, Clinton and Binghamton 1386 »
Valley RR. (B. & O.) 1368 a4
Valley (D., L. & W.) 1386 a»
Van Buren Extension (Bangor & Aroostook) 1368 a"
Verdigris Vy., Independ. & W'n Div 1404 s»
Vermont and Massachusetts 1870 aa
Vermont Valley of 1871 1872 a
Vernon, Green., & Rush. RR 1410 '
GENERAL INDEX — READY REFERENCE BOND-LIST.
99
Page— Lone.
Vicksburg &Meridian RR 1426 ao
Vicksburg, Shrove. & Pac. RR 1426"; a8
Virginia-Carolina Ry 1440 «
Virginia Midland 1434 sa ; 34
Virginia Southwestern Ry 1440 ««
Wabash, Chester and Western RR 1442 » ; is
Wabash System.... JI44Q"-"
/ 1442 x— 13
Waco and Northwestern 1438 si
Wallkill Valley RR 1408 a«; »
Walton RR 1392 10
Warm Springs Branch (Ches. & O.) 1376 "
Warren and Venango RR 1408 84; s«
Warren RR 1386 aa; as
Warwick Valley RR 1396 «; 47
Washington & Columbia Riv. Ry 1414 a». so
Washington and Franklin RR 1442 so
Washington Central RR 1414 as
Washington County RR. (Me.) 1443 i«
Washington, Ohio & Western 1434 "
Washington Southern Ry 1420 13
Watertown and Rome RR 1408 1S
Weatherford, Mineral Wells & Northw'n Ry. 1442.17
Wellston and Jackson Belt Ry 1394 »«
West Chester RR. (Pa. RR.) 1418 •
Western Division (Tol. & O. Cent.) 1440 14
Western Equipment Co. (Pere Marquette)... 1424 a«
Western Lines (Illinois Central) 1394 ««
Western Maryland System 1442 is-so
Western New York and Pennsylvania 1418 7-9
Western North Carolina 1434"
Western Pennsylvania RR 14181*; la
Western RR. of Minnesota 1414 i»
Western Ry. of Alabama 1442 si
West Jersey and Seashore RR. 1420 "-a*
West Jersey RR 1420 >«; »
West Shore and Ontario Terminal Co. of
New York and New Jersey 1408 a9
West Shore RR 1408 a«; »»
West Side Belt RR 1412 **; sa
West Virginia & Pittsburgh RR 1368 '«
Page— Line.
West Virginia Central & Pittsburgh Ry 1442 SB-ST
West Virginia Northern RR 1442 84
Wharton Valley Ry 1414 s
Wheeling and Lake Erie System 1442s8— «3
Wheeling Terminal Ry 1422 sa
Whippany River RR 1444 i
Whiteand Black River Valley Ry 1382 4S
White Water Valley Div. (C., C. & St. L.) .. 1410 «
Wichita Falls Ry 1404 ao
Wichita Valley Ry 14443
Wilkesbarre and Eastern RR 1390 i»
Wilkesbarre and Scranton Ry 1374 39
Williamsport and North Branch RR 1444 s ; 4
William's Valley RR 1^44"
Williamsville, Greenville and St. Louis Ry. . 1444 •
Willmar and Sioux Falls Ry 1894 *
Wilmington* New Bern RR 1366 «
Wilmington and Northern RR 1428 > 8 ; '»
( 1364 34
Wilmington & Weldon RR i lg66 8_j0
Wilmington, Col. & Aug. RR 1364 37
Winchester and Potomac RR 1368 "; *«
Winona and St. Peter RR 1378 18; 19
Winona Bridge Ry 1444 7
Wisconsin and Michigan Ry 1444 8
Wisconsin and Minn. Div. (C., M. & St. P.).. 1382 »
Wisconsin Central System .... 1444 9~14
Wisconsin, Minn, and Pac.RR 1380s3
Wisconsin Valley Div 1382 7
Wii-coiisin Valley RR 1382 i3
Woodstown and S wedesboro RR 1420 18
Wood River Branch RR 1444 »6
Woonsocket & Piiscoag RR 1412 3T
Worcester, Nashua & Roch. RR 1370 66~68
Worcester RR 1420 »
Yadkin Div. (W. & W. RR.) 1366 10
Yazoo and Mississippi Valley RR 1444 16; 17
Yellow River RR 1444 »8
York and Peach Bottom Ry 1402 82; 33
York, Hanover and Frederick RR 1418 1S
YrekaRR... 1444»»
100
GENERAL INDEX— BONDS GUARANTEED.
GENERAL INDEX, Continued.— PART 6: INDEX TO BONDS GUARANTEED
AS TO PRINCIPAL AND INTEREST, OR AS TO INTEREST ALONE.
Adirondack Ry 75
Alamogordo & Sacramento Moun. Ry . . 493
Albany & Susquehanna RR 75
Allegheny & Western Ry. 69
Allegheny Valley Ry 665
Allentown Terminal RR 140
American Dock & Improvement Co. ... 159
Arizona & New Mexico Ry . . . '. 614
Arkansas & Choctaw Ry 759
Aroostook Northern RR 4
* Atlanta & Charlotte Air Line Ry 239
* Atlantic & Danville Ry 239
* Atlantic & St. Lawrence RR 797
Atlantic City RR '. 140
Augusta Terminal Ry 202
Austin & Northwestern RR 610
* Baltimore & Cumberland Valley Ex . . 165
* Baltimore & Cumberland Valley RR. . 165
* Baltimore & Cumberland Valley Ry . . 165
* Baltimore & Harrisburg Ry 165
Bait. & Harrisburg Ry., Eastern Ex ... 166
Bait. & Harrisburg Ry., Western Ex. . . 166
Baltimore & Potomac RR 665
Battle Creek & Sturgis Ry 389, 390
Bay City & Battle Creek Ry 389
* Bedford Belt Ry 398
Beech Creek Extension RR 121
Beech Creek RR 121
* Belt Ry. of Chattanooga 286
Belvidere Delaware RR 665
Bergen County RR 92
Bluff Pt. Land & Improvement Co 75
Boone County & Booneville RR 407
Booneville RR. & Bridge Co 468
Boston & Albany RR 121
* Boston & Lowell RR 9
Boston & New York Air Line RR 27
* Boston & Providence 30
* Boston, Concord & Montreal RR .... 10
* Brookline & Pepperell RR 12
Brunswick & Chillicothe RR 407
Buffalo & Southwestern RR 92
Buffalo, New York & Erie RR 92
* Burlington, Cedar Rapids & Nor. Ry . 520
California Northwestern Ry 578
California Pacific RR 607
Cambria & Clearfield RR 665
Camden & Burlington County RR . . . 665
Canastota Northern RR Ill
Carthage & Adirondack Ry 121
Carthage, Watertown & Sack's Har. RR 121
Catawissa RR 1 40
Central Branch Ry 482
* Central Counties Ry 772
Central Pacific Ry 605
Central Texas & Northwestern Ry 611
Central Vermont Ry 16
Chateaugay Ry 171
Chatham & Lebanon Valley RR 34
Chattahoochee & Gulf RR 207
Chesapeake & Ohio Grain Elevator Co . 213
Chesapeake & Ohio Steamship Co 213
Chester Creek RR 699
* Chester RR 82
* Chicago & Alton RR 308
Chicago & Atlantic Terminal 92
Chicago & Erie RR 92
* Chic., Det. & Can. Grand Trk. June. Ry 798
Chicago, St. Louis & New Orleans RR . . 368
Cincinnati & Muskingum Valley RR ... 714
Cincinnatil, Hamilton & Indianapolis
RR 351
Cinn., Richmond & Fort Wayne RR. . . 743
Cleartield & Mahoning Ry 70
Cleveland & Marietta Ry 714
Cleveland & Pittsburgh RR 665
Cleveland Terminal & Valley RR 59
Coal & Iron Ry 247
Colchester Ry 27
Columbia and St. Louis RR. (Wabash) 1519
* Concord & Claremont (N. H.), RR . . . 13
* Concord & Montreal RR 10
* Connecticut & Passumpsic Rivers RR. 10
* Connecticut River RR , 11
Connecting Ry 665
* Cooperstown & Susq. Valley RR 172
Dallas & Waco Ry. 468
* Danbury & Norwalk RR 27
* Interest or principal and Interest guaranteed under terms of lease.
GENERAL INDEX — BONDS GUARANTEED.
101
Dawson Ry. & Coal Co
Dayton & Michigan RR
* Delaware & Bound Brook RR
Delano Land Co
Delaware River RR. & Bridge Co
* Des Moines & Fort Dodge RR
Detroit & Bay City RR
Detroit, Grand Haven & Milwaukee RR.
Detroit, Monroe & Toledo RR
Dexter & Newport RR
Dexter & Piscataquis RR
Duluth, South Shore & Atlantic Ry
Dunkirk, Allegheny Valley & Pitts. RR.
* Dutchess Countv RR. .
Eastern Ry. of Minnesota
Easton & Amboy RR
Easton & Northern RR
East Pennsylvania RR
Elmira, Cortlandt & Northern RR .
Elmira State Line RR
El Paso & Rock Island Ry
Erie & Pittsburgh Ry
European & North American Ry . .
Evansville & Indianapolis RR
* Fitchburg RR
Florida Southern RR
* Franklin & Pittsylvania RR
Fremont, Elkhorn & Missouri Val. RR. .
Gainesville, Jefferson & Southern RR . .
* Galveston, Houston & Henderson RR.
* Georgia Midland Ry
Gettysburg & Harrisburg Ry
Gila Valley, Globe & Northern Ry
Gloversville & Broadalbin RR
Gouverneur & Oswegatchie RR
Grand Rapids & Indiana Ry
Grand Trunk Western Ry
Gray's Point Terminal Ry
Greenbrier & New River RR
Greenbrier Ry
* Hancock & Calumet RR
* Harlem River & Port Chester RR . . . .
Harrisb'g,Portsm'th,Mt. Jay & Lan. RR.
* Hartford & Connecticut Western RR .
* Henderson ville Bridge & RR
Hereford Ry
Honesdale Branch. . ,
PAGE
494
350
140
112
665
632
389
800
386
20
21
787
121
71
534
110
110
140
110
92
494
665
21
359
12
750
239
321
218
458
239
140
613
175
121
665
801
501
213
213
428
27
665
71
273
21
92
Houston & Central Texas RR.. 610
Hudson Coal Co 75
Huntington & Big Sandy RR 58
Indiana, Bloomington & Western Ry. . .
Indiana, Decatur & Western Ry
Indianapolis & Vincennes RR
Indiana Stone RR
Iowa Central & Western Ry
* Iowa Falls & Sioux City RR
* Iron Mountain RR. of Memphis
Jefferson Branch
* Junction RR...
378
352
665
337
541
370
487
92
699
* Kalamazoo,Allegan & Grand Rap.RR. 386
Kalamazoo & White Pigeon RR 385
Kankakee & Southwestern RR 368
Kanawha & Hocking Coal & Coke Co. 363, 402
Kanawha & Michigan Ry 403
* Kansas & Arkansas Valley Ry 487
Kansas City & Memphis Ry. & Bridge . . 760
* Kansas City & Southwestern Ry 480
* Kansas City & Southw'n Ry. of Mo. . . 481
Kansas City Belt Ry 760
Kansas City, Clinton & Springfield Ry. . 461
* Kansas City, Fort Scott & Memphis Ry 759
* Kansas City Northwestern RR 481
* Keokuk & Des Moines RR 632
Kootenay Ry. & Navigation Co 814
Leamington & St. Clair Ry 391
Lehigh & Hudson River Ry 103
Lehigh«fe New York RR 112
Lehigh & Wilkesbarre Coal Co 159
Lehigh Valley Coal Co 112
Lehigh Valley Ry Ill
* Lehigh Valley Terminal Ry Ill
Le Roy & Caney Valley Air Line 481
* Lincoln Park & Charlotte RR 69
* Little Rock & Fort Smith Ry 487
Long Dock Co 92
Long Island RR., North Shore Branch. . 688
Louisiana & Missouri River RR 309
Louisville & Jeffersonville Bridge Co ... 213
Macopin RR 99
* Mahoning Coal RR 386
* Manchester & Lawrence RR 13
Manitoba Southwest. Colonization Ry. . 781
Middlesex Valley Ry 1H
* Interest or principal and Interest guaranteed under terms of leaie.
102
GENERAL INDEX — BONDS GUARANTEED.
PAQB
Midland Terminal Ry. (D. & S. W.).. : . . 456
Mineral Range RR 775
Minneapolis & St. Louis Ry 521
Minneapolis Eastern Ry 323
Minn., St. Paul & Sault Ste. Marie Ry . . 789
Minneapolis Union Ry 534
Minneapolis Western Ry 534
Mobile & Bay Shore Ry 279
* Mobile & Birmingham RR . : 239
Mohawk & Malone Ry 121
Monongahela River RR 57
Montana Central Ry 534
Montauk Extension RR 688
Montreal & Province Line Ry 17
Morris & Essex RR 82
Morris Canal & Banking Co 113
Nakusp & Slocan Ry 781
* Naugatuck RR 27
* Nantasket Beach RR 30
* New Brunswick & Canada Ry 783
* New Brunswick Ry 783
Newburg & New York RR 92
New England RR 27
* New Haven & Derby RR 28
* New Haven & Northampton RR .... 28
New Haven Steamboat Co ; 25
New Jersey Junction RR 121
Newport & Cincinnati Bridge Co 714
Newport & Richford RR 784
New York & Canada RR : 75
New York & Greenwood Lake RR 95
New York & Harlem RR 121
New York & Long Branch RR 160
New York & Putnam RR 121
New York & Rockaway Beach RR. .687, 688
New York Bay Extension RR 688
New York, Brooklyn & Man. Beach Ry. 688
New York, Lack. & Western RR 83
N. Y. , Lake Erie & West'n Coal & RR Co. 92
New York, Lake Erie & Western Dock
and Improvement Co 92
New York, Pennsylvania & Ohio RR. . . 92
New York, Texas & Mexican Ry 612
Norfolk Terminal & Transportation Co . 213
* Norristown Junction RR 140
Northeast Pennsylvania RR 140
Northern California Ry 607
Northern Ohio Ry 382
* Northern RR. of New Jersey. ....... 96
Northern RR. (Cal .) 607
* North Pennsylvania RR 140
Norwalk Terminal & Transp. Co 213
Norwich & Worcester RR 28
Ocean Steamship Co. of Savannah .'.... 206
Ohio, Indiana & Western Ry 378
* Old Colony RR : 29
* Ontario & Quebec Ry 782
* Ontario, Carbondale & Scranton Ry . . 134
Oregon & California RR ; 606
Oswego & Rome RR 121
Oswego & Syracuse RR 83
Passaic & New York RR : 99
Passenger & Belt Ry Co 213
* Pawtuxet Valley RR 30
Pennsylvania & New York Canal & RR . 112
Pennsylvania Co 665
Pennsylvania- Schuylkill Valley RR 665
Peoria & Eastern Ry 378
Peoria & St. Louis Ry. (P. & S. Ry.) . . 430
Perkiomen RR 140
* Peterborough & Hillsborough RR. . . 13
* Piedmont & Cumberland Ry 247
Pine Creek Ry 121
Pittsburgh & Connellsville RR 50
* Pittsburgh,Bessemer & Lake Erie RR. 64
Pitts., Chartiers & Youghiogheny Ry. . 739
Pitts., Cinn., Chicago & St. Louis Ry. . 714
* Pittsburgh, Cleveland & Toledo RR . . 60
Pittsburgh, Fort Wayne & Chicago Ry . 665
Pittsburgh Junction Terminal Co 56
Pitts., McKeesport & Youghiogh'y RR. 130
Pittsburgh, Painesville & Fairport RR. 60
Philadelphia & Chester Valley RR 140
Philadelphia & Erie RR 665
Philadelphia & Frankford RR 140
Philadelphia, Germantown & Chestnut
Hill RR 665
Phila., Harrisburg & Pittsburgh RR . . . 140
Philadelphia.Newtown & NewYork RR. 140
* Plymouth & Middleborough RR 30
Portland & Ogdensburg Ry 21
Portland Union Ry. Station Co : 7
Port Reading RR t 140
Potomac RR 226
Potomac Valley RR 166
Prescott & Eastern RR ; . . 442
Prospect Park & Coney Island RR : 687
* Providence & Springfield RR : 28
* Providence & Worcester RR 30
* Interest or principal and Interest guaranteed under terms -of lease.
GENEEAL INDEX— BONDS GUAEANTEED.
103
Ravenswood, Spencer & Glenville Ry . .
Rensselaer & Saratoga RR
* Richmond & Mecklenburg RR
Ridgway & Clearfield RR
* Rio Grande Gunnison Ry
Rio Grande Southern RR
Ripley &»Mill Creek Valley RR
* Rock Island & Peoria Ry : . .
Rome, Watertown & Ogdensburg RR . .
Rutland & Noyan Ry
Saginaw, Tuscola & Huron RR ....:..
St. Johnsbury & Lake Champlain RR, .
St. Louis & Cairo RR
St. Louis Bridge Co :
St. Louis, Council Bluffs & Omaha
RR :
St. Louis Merch. Bridge Terminal Ry . .
St. Louis, Iron Mt. & Southern Ry
St. Paul Eastern Grand Trunk Ry
St. Paul, Minneapolis & Manitoba Ry . .
San Antonio & Aransas Pass Ry
* San Francisco & North Pacific Ry . . .
* Saranac & Lake Placid RR
Schenectady & Duanesburg RR .......
Schuylkill & Lehigh RR
Schuylkill River East Side RR
* Shamokin, Sanbury & Lewisburg RR.
* Shamokin Valley & Pottsville RR
* Sharon Ry
Sioux City & Pacific RR
South & North Alabama RR ; . .
* South Carolina Pacific RR
Southern Pacific Branch Ry
South Pacific Coast Ry
Southern Pacific RR. ( of Ariz.)
Southern Pacific RR. fCal.)
Southern Pacific RR. of New Mexico . . .
Southwestern Coal & Improvement Co..
Spartanburg, Union & Columbia RR. . .
PAGE
58
Staten Island Rapid Transit Ry :
PAGE
63
75
Stockton & Copperopolis RR : . .
607
240
Sturgis, Goshen & St. Louis RR
385
665
Sumter & Wateree River RR
240
451
Sunbury & Lewiston Ry ~ . .
665
452
58
Sunbury, Hazleton & Wilkesbarre RR .
Susquehanna Connecting RR
665
99
633
Syracuse, Geneva & Corning Ry
121
121
35
Temiscouata Ry ~.
820
Tioga RR
92
395
Toledo, Saginaw & Muskegon Ry
803
36
279
Toledo, Walhonding Valley & Ohio RR.
* Troy & Boston RR
714
1?,
515
United New Jersey RR. & Canal Cos. . . .
665
407
Upper Coos RR
21
515
Utah Central RR
455
48")
Utica & Black River RR * . .
1?1
319
Utica, Clinton & Binghamton RR ..'...
75
534
614
* Valley RR :
83
578
* Vermont & Massachusetts RR
12
171
Victoria & Sidney Ry ."
821
75
140
Walkill Valley RR
121
50
* Warren RR
83
140
* Washington Central Ry
552
693
Western Pennsylvania RR ~ . .
665
96
Western Ry. of Alabama
294
319
West Shore RR
121
272
West Virginia & Pittsburgh RR. . . .
51
201
Wharton Valley Ry
135
607
* White & Black River Valley Ry. . . . :
637
608
Wilkesbarre & Eastern RR
99
606
Willmar & Sioux Falls Ry
534
607
Wilmington & Northern RR
140
607
Wilmington Ry. Bridge 1 . .
766
470
* Winchester & Potomac RR
61
237
* Woonsocket & Pascoae RR ..
28
* Interest or principal and interest guaranteed under terms of lease.
RAILROADS MERGED IN OTHER LINES.
List of roads not appearing in the foregoing index, comprising lines that have been merged into
other lines or abandoned.
For List of Railroads Merged Previous to 1901, see Manual for 1901, pp. 115-160.
1. — Steam Railroads.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Savannah, Fla. & Western.
Louisville & Nashville.
Savannah, Fla. & Western.
Louisville & Nashville.
Chesapeake & Ohio.
Canada Eastern.
Arkansas Southern.
Algoma C. & H. Bay (The)
L. E., Alliance & Wheeling
St. Louis & San Francisco.
El Paso & Southwestern.
Southern.
Savannah, Fla. & Western.
Southern Atlantic Coal L.
Texas & Pacific.
Phila., Wil. & Baltimore.
Akron & Barberton Belt.
Rutland.
Louisville & Nashville.
Louisville & Nashville.
Chic., Burlington & Quincy
Yazoo & Miss. Valley.
Minnesota & International.
Cincin. & Licking River.
Savannah, Fla. & Western.
Southern Pacific.
South Chicago & Southern.
Atlantic City.
St. Louis & Gulf.
Seaboard Air Line.
Southern.
Illinois Central.
Boston & Maine.
Sus., Bloomsb'g & B'wick.
Wheeling & Lake Erie.
Savannah, Fla. & Western.
Southern.
Rutland.
Central of Georgia.
Chestnut Ridge Ry.
Seaboard Air Line.
Chic., Burlington & Quincy
Chic., Burlington & Quincy
Chicago & Northwestern.
Choctaw, Okla. & Gulf.
Choctaw, Okla. & Gulf.
Cin., Portsmouth & Va.
Cin., Day. & Toledo Trac.
Louisville & Nashville.
Akron & Barberton B. RR.
Cong. Con. Mines Co.'s RR.
Cincin. & Licking River.
S. L., Memph. & Southeast.
Tennessee Central.
Louisville & Nashville.
Kan. C., Ft. Scott & Mem.
Dallas, Ft. Worth & Gulf..
Davis Coal & Coke Co
Deckerville, Osceola & So..
Delaware & Otsego
Duluth, Red Wing & So..
Duluth Superior Belt Ry..
Duluth Transfer
Dallas T. Ry. & Union Dep.
W. Virginia Cen. & Pittsb.
Kan. C., Ft. Scott & Mem.
Ulster & Delaware.
Wisconsin, Minn. & Pacific.
Duluth Transfer Ry.
Northern Pacific.
Seaboard Air Line.
United Counties.
Logansport & Toledo.
Southern.
Buffalo & Susquehanna.
Seaboard Air Line.
Seaboard Air Line.
Georgia, Fla. & Alabama.
Canada Eastern.
Baltimore & Ohio.
Pere Marquette.
Chicago Grand Trunk.
Chesapeake & Ohio.
Savannah, Fla. & Western.
Atch., Topeka & Santa Fe.
Chic., Burlington & Quincy
Norfolk & Western.
Ulster & Delaware.
Choctaw, Okla. & Gulf.
St. Louis & Gulf.
S. L., Memph. & Southeast.
Colfax Northern.
Ulster & Delaware.
Kan. City & Suburban B.
Burlington & Missouri Riv.
W abash.
Chic., Burlington & Quincy
Kansas City Southern.
St. Louis, Watkins & Gulf.
St. Louis & Gulf.
Louisville & Nashville.
Illinois Central.
Chic., Burlington & Quincy
Abandoned.
Tennessee Central.
Maine Central.
Southern.
Out of existence.
Kansas City Northwestern.
Buff., Rochester & Pittsb.
Georgia, Carolina & No.
Seaboard Air Line.
Manistique, Mar. & North.
Boone, Rockwell C.& N.W.
Wisconsin Central.
Out of existence.
National RR. Co. of Mex.
Louisville & Nashville.
Abandoned.
Alexander Gibson M'f'g Co.
Alexan. June. & Shrevep't.
Durham & Northern
East Richelieu Vy
Alliance & Northern
Arkansas & Oklahoma
Arizona & Southeastern
Asheville & Spartanburg. ..
Eel River
Elberton Air Line
Galeton & Eastern
Georgia & Alabama
Atlantic & Yadkin
Georgia, Carolina & No
Georgia Pine
Baltimore & Delaware Bay.
Barberton Belt Line
Bennington & Rutland
Gibson, A. Ry. & M'f'g Co.
G. Rapids, Belding & Sag.
Grand Trunk Junction....
Birm'gham, Selma & N. O.
Black Hills & Fort Pierre..
Boyle & Sunflower River. . .
Brainerd & No. Minnesota.
G. P., Walterboro & B'v'le.
Guthrie & Western
Hannibal & St. Joseph
Hillsboro RR
Brunswick & Western
Hobart Branch
Hot Springs
Calumet River
Houck's, Missouri & Ark. .
Hoxie, Pocahontas & No. . .
C. Girardeau, Bl'mf'd & S.
Kaaterskill
Carolina Midland
Kan. City & Ind. Air Line.
Kansas City & Omaha
Kan. City, Ex. Spgs. & No.
Kan. City, S. Jos. & C. B.
Kansas City Suburban Belt.
Kan. City, Watkins * Gulf.
Kennett & Osceola
Cecilia Branch, L. & N
Central Massachusetts
Central Penn. & Western..
Chagrin Falls Branch
Charleston & Savannah
Charlottesville & Rapidan.
Chatham & Lebanon Valley
Chattanooga & Durham
Chest. Ridge RR. of Penn.
Chesterfield & Kershaw
Chic., Burl'ton & Kan. C..
Chic., Ft. Mad. & D. M.
Chicago, Iowa & Dakota...
Choctaw Northern
Kentucky Central
Kentucky Western
Keokuk & Western
Ketner, S. M. & Shawmut.
Kings-ton Bridge & Ter. Co.
Knox & Lincoln Ferry
Knoxville & Ohio
Lawrence Terminal
Choctaw, Okla. & Texas...
Cincin. Connecting Belt..
Cincinnati Northwestern..
Clarksville & Prince. Div. .
Cleve., Barb. & Wes. RR..
Congress Gold Co.'s RR...
Cov., Flem'b'g & Ashland.
Crystal Ry
Lawrence Depot & RR
Lincoln Park & Charlotte..
Logansv'le & Lawrencev'le.
Manistique & Northwest...
Marshalltown & Dakota . . .
Marshfield & Southeastern.
Menominee & St. Paul
Mexican National RR
Middlesburgh RR
Cumberland Plateau
Cumberland River & Tenn.
Current River
Midland & Hubbard
POOR S MANUAL OF RAILROADS.
105
STEAM RAILROADS— Continued.
NAME OF OLD COMPANY.
NAME OP COMPANY
BY WHICH ACQUIRED, OK
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Minnesota & Wisconsin
Mobile & Montgomery
Montgomery & Prattville..
Chic., S. P., Minn. & O.
Louisville & Nashville.
Louisville & Nashville.
Santa Fe & Grand Canyon.
Seaboard Air Line Belt Ry.
Sea Coast
Grand Canyon.
Seaboard Air Line.
Atlantic City
Montgomery Terminal
Seaboard Air Line.
Seivern & Knoxville
Moore County & Western..
See Moore County.
Shelby
Moore County
Shelbyville, Bloomf'd & O
Morley ft Morehouse
St. Louis & Gulf.
Sherman, Shreveport & So
Nashville & Knoxville
New Albany Belt & Ter...
New Orleans & Mobile
New York & New Orange..
Tennessee Central.
Southern.
Louisville & Nashville.
New Orange Term. June.
Silver Sp'gs, Ocala & Gulf.
Smyrna & Delaware Bay. .
Southeast & St. Louis
Southeastern Arizona
Savannah, Fla. & Western.
Delaware.
Louisville & Nashville.
El Paso ft Southwi stern.
North & South Carolina. . .
Southern.
South Bound
Northern Susquehanna
Buffalo & Susquehanna.
Southern Alabama
Louisville & Nashville
Offerman & Western
Brunswick & Birmingham.
Southwestern Alabama .
Atlantic Coast Line
Ogdensburg & Lake Cham . .
Rutland.
Southern Iowa
Chicago & Northwestern.
Ohio River & Lake Erie...
Ohio Valley & Junction...
Omaha & St. Louis
L. E., Alliance & Wheel'g.
Cleveland & Marietta Ry.
Wabash.
Southern Missouri & Ark..
Southern Ry. in Indiana . . .
Southern Ry. in Kentucky
S. L., Memph. & Southeast.
Southern.
Southern.
Ore Belt RR
Southern.
Southern Ry. in Miss...
Southern.
Owensboro & Nashville
Palmetto
Louisville & Nashville.
Southwestern Alabama
Savannah, Fla. <te Western.
Patten & Sherman
Stony Clove & Catskill Mt
Pemiscot Southern
St Louis & Gulf
Peoria, Deca. ft Evansv'le.
Peoria & St. Louis
Illinois Central.
Susquehanna & New York..
Buffalo ft Susquehanna.
Perry
Pittsboro
Buff., Rochester ft Pittsb.
Tampa ft Thonotosassa
Tionesta Vy ft Salmon Ck
Savannah, Fla. & Western.
Sheffield & Tionesta
Pittsburgh & Northern
Pittsburgh & Western
Tylerdale Connecting
Baltimore & Ohio.
Pontchartrain RR
Louisville & Nashville.
Ultima Thule, Arkadel- 1
Raleigh & Augusta Air L..
Raleigh & Gaston
Seaboard Air Line.
Seaboard Air Line.
• phia & Mississippi Riv. f
Union Depot & Trans. Co..
Rich., Petersb. & Carolina.
Seaboard Air Line.
Union Terminal
Rutland-Canadian ....
Rutland.
United Counties
St. Francis Valley
St Louis & Gulf.
Valley
St. John's ft Lake Eustis..
St. Louis & Memphis
Savannah, Fla. & Western.
S. L., Memph. & Southeast.
Washb. Bayf'd & Ind. Riv.
Washington ft Potomac....
Northern Pacific.
Wash., Potomac & Chesap.
S. L., Caruthersville & M
S L., Memph. & Southeast.
Way cross Air Line
S. L. , Kennett & Southern
St. Louis & Gulf.
Western Oklahoma
Choctaw, Okla & Gulf
S. L., Keokuk & Northw...
S. L., Morehouse & South..
S. Mary's, Lake C. & Gulf.
Saginaw Bay ft Northw...
Chic., Burl' ton ft Quincy.
St. Louis & Gulf.
Abandoned.
Jackson, Lans. & Northw.
W. S. & Ontario Term. Co.
White River, Lonoke & W.
Wilmington Sea Coast
Winona & Western
West Shore.
Abandoned.
Consol. Rys. L't & Pow Co.
Wisconsin, Minn. & Pacific
Salina & Southwestern
Union Pacific.
Winton RR
Abandoned.
Sanford & Lake Eustis.
S. Francis. & S. Joaquin V.
Atch., Topeka & Santa Fe.
2. — Street Railways.
(See also MANUAL for 1901, pp. 167-176.)
NAME OP OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Ak. ft Cuyahoga Falls R. T.
Alamo Heights
Northern Ohio Traction.
Southern Lig't & Trac Co
Austin Rapid Transit
Batavia ft Eastern
Austin Electric Co.
Aurora, Elgin & Chicago.
Bath Street
Lewiston, Brunsw. & Bath.
Belleville Electric
East St. Louis & Suburban.
Atlanta Ry. & Power
Belleville Traction
Rails taken up.
Atlanta Rapid Transit
Beverley & Danvers
Boston ft Northern.
Atlantic Highlands Red j
Biloxi Street
Out of existence.
B'k & Long Branch El. |
Aug., Hallow'l & Gardiner
Monmouth County.
Bing., Lestershire & Union.
Bridgeport Traction
Binghamton.
Conn. Ry. ft Lighting Co.
Aurora Street .
Brockton Street
Old Colony Street.
Aurora & Geneva
Elgin, Aurora ft Southern.
Bristol Passenger
Phila., Bristol & Trenton.
Aurora. Wheaton <fe Ohin .
Aurora. Elerin k Ohicairo.
Brooklyn Avenue...
Pacific Electric.
106
POOR'S MANUAL OF RAILROADS.
STREET RAILWAYS— Continued.
NAME OP OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OP OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OB
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
International Traction.
International Traction.
International Traction.
International Traction.
International Traction.
Buffalo,
j Mauch Chunk, Leighton
) & Slatington St.
Cleve. & Chagrin Falls El.
Santa Barbara Consol.
Discontinued.
Savannah Electric.
Eastern Ohio Traction.
International Ry.
Worcester Consolidated.
East St. Louis & Suburban.
Kingston Consolidated.
( Pittsburgh, McKeesp't &
| Connellsville.
Pittsburgh, McKeesp't &
Connellsville.
Northern Texas Traction.
Dayton & Xenia Transit.
Utica & Mohawk Vy.
Col., Del. & M. Elec.
Detroit United.
Detroit United.
Black River Traction.
New Bedford & Onset.
Elgin, Aurora & So. Trac.
Buffalo & Lockport.
El Paso Electric.
Hartford & Springfield.
Erie Traction.
Erie Traction.
Erie Traction.
Tol., Bowl. G. & So. Trac.
Seattle Electric Co.
Worcester Consolidated.
Utica & Mohawk Vy.
A. P. & A. J. Goddard.
Abandoned.
Hudson Valley.
Brockton.
( Pittsburgh, McKeesport,
1 & Greensburg.
Hudson Valley.
Hannibal Ry. & Electric.
Helena Light & Traction.
Utica & Mohawk Vy.
J. C., Hobkn. & Paterson.
Phila. & Lehigh Vy. Tr.
Kansas City — Leavenworth.
Kansas City — Leavenworth.
Jersey Central Traction.
Kingston Consolidated.
New York & Stamford.
Kansas City — Leavenworth.
Kansas City — Leavenworth.
Worcester Consol. Street.
International.
Augusta, Win. & Gardiner.
Utiea & Mohawk Valley.
International.
Lake Shore Electric.
Pacific Electric.
Lynn & Boston.
Lynn & Boston.
Lynchburg Trac. ft Light.
Lynchburg Trac. & Light.
Boston & Northern Street.
Madison Electric
Madison Traction.
Mahoning Valley
}• Penn. & Mahoning Vy.
Union Traction of Ind.
United RRs. of San Fran.
Vlillville Traction.
Penn. & Mahoning Valley.
East St. Louis Suburban.
Mobile Light & RR.
Citizens Ry. & Light.
Orange County Traction.
[• Penn. & Mahoning Vy.
Newport & Fall River St.
N. Y. & Queens County.
Interurban Street.
Niag., S. Cath. & Toronto.
j- International.
Niag. Falls Susp'sion Bdge.
Norfolk & Bristol Street.
Dallas Consolidated.
J. C., Hoboken & Paterson.
Lynn & Boston.
Rockland County Traction.
Oakland Transit Consol.
L. & Pow. Co. of Olympia.
Westchester Traction.
Ottumwa Trac. & Light.
Springf'd & Eastern Street.
Parkersburg & Interurban.
Pacific Electric.
J. C., Hoboken & Pat. St.
Buff. & Niag. Falls Elec...
Buffalo, Bellevue & Lan...
Buffalo, Tonawanda & 1
Niagara Falls Electric. J
Buffalo Traction
Vlahoning Vy. Southeast. . .
Marion Transit
Market Street
Millville Rapid Transit...
Min. Ridge & Niles Trac..
Mississippi Valley Trac
Mobile Street
Carbon County
Chagrin Falls & Eastern...
Muscatine
Newburgh Electric
City (Sioux Falls, S. D.)..
New Castle & Lowell
New Castle Traction
Cleve. & Chagrin Falls El.
Clifton Susp'sion Bdge. Co.
Clinton & Hudson
Newport Street
New York & North Shore . .
N. Y., West. & Conn. Trac.
Niagara Falls, Wesley I
Park & Clifton Tram.. )
Niag. Falls, Park & River.
Niag. Falls Susp'sion Bdge.
Niag. Falls Whirlp. & No..
Norfolk Southern Street...
North Dallas Circuit
Collinsville, Caseyville & 1
Colonial Traction Co
Connellsv'le & Union town.
Connellsv'le, New Haven j
Dallas & Oak Cliff
North Hudson County
North Woburn Street
Nyack Traction
Dayton & Xenia Traction..
Deerfield & Utica
Oakland, San Leandro & (
Haywards Elec j
Detroit, Roch., Romeo & L.
Detroit, Utica & Romeo. . .
Dexter & Brownsville
East Wareham, Onset I
Bay & P Indep f
Olympia Light & Power. . .
Ossining Electric
Ottumwa El. & Steam Co.
Palmer & Monson Street..
Parkersb. & Marietta El. |
Parkersburg Gas, Elec. >
Light & Street Ry \
Pasadena & Mount Lowe...
Paterson Ry
Elgin City, Carpenters- I
Elmwood Ave. & Tona. El.
El Paso & Juarez Trac. Co.
Enfleld & Longmeadow El.
Philadel. & Bristol Pass...
Port Chester Street
Phila., Bris. & Tren. Pass.
New York & Stamford.
Niag., S. Cath. & Toronto.
Radford Water Power Co.
Dayton & Xenia Transit.
>- Virginia Pass. & Power.
Rich. Street Interurban.
Dover, Somersw. & Roch.
Rochester & Suburban.
East St. Louis & Suburban.
Consolidated Ry. & Power.
(-Lake Shore Electric.
United RRs. of San Fran.
Abandoned.
Pacific Electric.
Santa Barbara Consol.
*r Hudson Valley.
Savannah Electric.
Rv. & Elec. Co. of Sedalia.
f'Mauch Chunk, Leighton
1 & Slatington.
Pittsburg Rys.
Brockton Street.
Virginia Pass. & Power.
Hudson Valley.
Peoples Light & Ry.
j- United RRs. of San Fran.
Pacific Electric.
J Toledo, Bowling Green &
| Southern Trac.
Lake Shore Electric.
Erie Rapid Transit
Erie, Reed L. & Lakeside..
Findlay Street
Port Dalhousie, St. Ca- I
tharine's & Thorold... |
Radford El. Light & Pow..
Rapid Trans. Co. of Ohio..
Richmond & Manchester. .
Richmond Pass. & Power..
Richmond Traction
First Avenue
Fitchburg & Suburban
Frankford & Utica
Freeport Gas & Elec. Co. ..
Gainesville & Park Street..
Glens Falls, Sandy Hill (
& Fort Edward j
Richmond (Ind.) Traction.
Rochester Street...
Globe Street
Rochester & Lake Ontario.
S. L., Bellev'le & Suburb..
Salt Lake Rapid Transit...
Sandusky & Interurban El.
Sand., Milan & Norw. El.
Sandusky, Norwalk & So. . .
San Fran. & San Mateo.
Greensburg & Hempfld St.
Greenw. & Schuylerv. El . .
Hannibal Traction
Helena Power & Light
Herk., Mohawk, Ilion 4 I
Frankfort j
Hudson & Bergen Trac
Inland Traction
Santa Ana & Orange
Santa Barbara Street
Sa ratoga Northern
Kan. C. & Leavenw. Trac.
Kensington
Keyport & Matawan
Kingston City
Savannah & Isle of Hope. )
Savannah, Thunderbolt & >
Larchmont Horse
Leavenworth' & Lansing...
Leavenworth Electric
Sedalia Electric & Ry
Slatington & Palmerton St.
Southern Traction
Leominster & Clinton
Lewiston Con. Bridge Co..
Lewiston, Win. & Augusta.
Little Falls & Herkimer St.
Lockport & Olcott
South Shore & Boston St. . .
Southside Ry. & Develop..
Still water & Mechanicsvle .
Streator Ry
Loran & Cleveland
Los Angeles & Pasadena...
Lowell & Suburban
Sutro
Sutter Street
Low., Lawrence & Haver..
Lynchb. & Ri Vermont St..
Lynchb. El. Ry. & Light..
Lynn & Boston
Temple Street Cable
Toledo, Bowl. Gr. & Frem.
Toledo, Fremont & Norw..
POOE'S MANUAL OF RAILEOADS.
107
STREET RAILWAYS— Continued.
NAME OP OLD COMPANY.
NAMK OF COMPANY
BY WHICH ACQUIRED, OK
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
Toledo Traction
Toledo Rys & Light.
West End Electric....
Tuscarawas RR
Tuscarawas Traction.
Westmoreland
j Pittsburg, McKeesport &
Union Electric
Utica & Mohawk
Dover, Somersw. & Roch.
/
Wilkensburg & E. Pittsb..
1 Greensburg.
Utica Belt Line Street
V Utica & Mohawk Valley.
Wilm. & Brandywine Spgs.
Worcester & Clinton St
Peoples Ry.
I
Warren County
Hudson Valley.
Worcester & Marlboro
Wash. & Great Falls Elec. .
Washington Trac. & Elec..
>• Washington Ry. & Elec.
Worcester & Suburban
Worth., Clintonv'le & Col.
Col., Dela. & Marion Elec.
3. — Industrial Corporations.
(See also MANUAL for 1901, pp. 176-181.)
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
NAME OF OLD COMPANY.
NAME OF COMPANY
BY WHICH ACQUIRED, OR
TO WHOSE STATEMENT
REFERENCE SHOULD
BE MADE.
American Bell Telephone. .
American Dunlap Tire
American Teleph. & Teleg.
Rubber Goods Manufact.
Railroad Securities Co.
Minnesota Grass Twine
Mon. & S. Law. L't & Pow.
Montreal Gas
American Grass Twine.
Montreal L., H. & Power.
Montreal L., H. & Power
Baltic Realty
New York Dock.
Morgan & Wright (Inc.)...
Rubber Goods Mfg. Co.
Bethlehem Iron
Bethlehem Steel.
Morgan, Jas. L. & Co
General Chemical Co.
Binghamton Gas Works
Brooklyn Wharf & Wareh..
Chappell Chemical I
American Light & Trac.
New York Dock.
National Chemical Co
National Gold Extr. Co
National Ry. Spring Co...
General Chemical Co.
U. S. Reduc. & Refin. Co.
Railway Steel Spring Co.
Chappell, W. H. & Co... )
General Chemical.
National Starch Co
Corn Products Co.
Colorado Phila. Reduction.
Columbian Construction...
Connemaugh Steel
U. S. Reduction & Refin.
Associated Merchants Co.
New Brunswick Tire Co
N. Y. Glucose Co. of N. J.
Rubber Goods Mfg. Co.
Corn Products Co.
General Chemical Co.
Consol. Gas Co. of N. J...
Davis Coal & Coke
Detroit Steel & Spring
American Light & Trac.
West Va., Cent. & Pittsb.
Northw. Grass Twine Co...
Passaic Chemical Co
Peerless Rubber Co
American Grass Twine Co.
General Chemical Co.
Rubber Goods Mfg. Co.
Diamond Coal & Coke
Dundee Chemical
Amalgamated Copper.
Phillips Chemical Co.,,
Pickering Spring Co
General Chemical Co.
Railway Steel Spring Co.
Erie Teleg. & Telephone...
Fairfield Chemical Works.
Western Teleph. ft Teleg.
Pope, Chas., Glucose Co. I
of 111 f
Corn Products Co.
French (A) Spring
Glucose Sugar Refining
Grand Rapids Gas Light...
Corn Products.
American Light & Trac
St. Paul Gas Light Co
Sawyer Belting Co
American L't & Trac. Co.
Rubber Goods Mfg. Co.
Hartford Rubber Works...
Highland Chemicals
Rubber Goods Mfg.
Scott (Chas.) Spring Co...
Southern Cotton Oil Co
Railway Steel Spring Co.
Virginia-Caro. Chem. Co.
Illinois Sugar Refining
Imperial Electric Light....
Indianapolis Rubber
Corn Products.
Montreal L., H. & Power.
Southern Light & Trac. Co.
Stand. Milling & Smelt. Co.
American L't & Trac. Co.
U. S. Reduc. & Refin. Co.
I South Jersey Gas, Elec-
India Rubber
Trenton Gas & Elec. Co —
1 trie & Traction Co.
Irwin, James <fe Co
Virginia Development Co..
Consol. Coal, Iron & L. Co.
Lodi Chemical
Union Gold Extraction Co.
U. S. Reduc. & Refin. Co.
Madison Gas & Electric...
Martin Kalbfleisch Chem...
Mechanical Rubber
American Light & Trac.
General Chemical.
Rubber Goods Mfg.
Western (Milw.) Gas Co...
Wiscon. Grass Twine Co. )
Wood (Walter A.) Har- V
American L't & Trac. Co.
American Grass Twine Co.
Metallic Extraction
U S Reduction & Refin
vester Works )
108
THE BASS FOUNDRIES.
LOCATED AT
Fort Wayne, Ind.
J. H. BASS, Pres.
C. T. STRAWBRIDGE, Sec.
F. S. LIGHTFOOT.Treas.
R. J. FISHER, Asst. Treas.
THE BASS FOUNDRY & MACHINE COMPANY,
MANUFACTURERS OF
CAR WHEELS AND AXLES,
For Freight, Passenger, Electric, and Cable Cars.
RAILROAD CASTINGS and IRON and STEEL FORCINGS
IMPROVED CORLISS ENGINES.
TUBULAR, WATER TUBE and LOCOMOTIVE BOILERS
Main Office and Works,
FORT WAYNE, IND.
New York Office,
141 BROADWAY.
Lenoir City, Tenn,
J. H. BASS, Pres.
C. T, STRAWBRIDGE, Sec,
F.S. LIGHTFOOT.Treas.
C. H. WATSON, Mgr.
THE BASS FOUNDRY & MACHINE COMPANY,
(Lenoir City, Tenn., Branch),
MANUFACTURERS OF
CHILLED WHEELS.
Locomotive, Passenger, Freight, and Mining Cars.
CAR and LOCOMOTIVE CASTINGS and
GENERAL FOUNDRY WORK.
Office and Works,
LENOIR CITY, TENN.
Rock Run, Ala.
J. H. BASS, Pres.
C.T. STRAWBRIDGE, Sec.
F.S. LIGHTFOOT.Treas.
J. M. GARVIN, Mgr.
The Bass Foundry & Machine Company,
(ROCK RUN, ALA., BRANCH),
MANUFACTURERS OF
CHOICE CHARCOAL CAR WHEEL
PIG IRON.
Furnaces at ROCK RUN, ALA.
St. Louis, Mo,
J. H. BASS, Pres.
J. W. NUTE, Sec.
ST. LOUIS CAR WHEEL CO.,
MANUFACTURERS OF ALL KINDS OF
Chilled Wheels and Castings,
General Office and Works, Cabanne St. & Mo. Pac. Ry.
CITY OFFICE,
No. 504 Bank of Commerce Building, Broadway and Olive St.,
ST. IjOTJXSt, 3VTO.
Chicago, III.
J. H. BASS, Pres.
T. D. PICKARD, Asst. Treas.
C. T. STRAWBRIDGE, Sec.
F. S. LIGHTFOOT, Treas.
FORT WAYNE FOUNDRY & MACHINE CO.
MANUFACTU
CAR, ENGINE, TENDER,
TRUCK, AND DRIVING
MANUFACTURERS OF
CAR, ENGINE, TENDER, WHEELS
Cylinders, Railroad and General Castings.
OFFICE, WORKS,
707 THE ROOKERY. 43d and WOOD STREETS.
ALPHABETICAL INDEX TO ADVERTISERS.
The Advertisements will be found in the FRONT of the MANUAL and at the BACK of the book, and facing List
of Railway Officials, etc. In each case the location is specified in connection with the paging, front and
back being designated by those words, and advertisements facing List of Railway Officials, etc., etc., being
designated " Text." Advertisements on backs of maps are designated as being on a certain page of a certain
Section Map.
PAGE, PAGE,
FRONT. BACK.
Back of Title Page. American Bank Note Co New York, N. Y. —
— American Bridge Co New York, N. Y. 13
— American Engineer and Railroad Journal New York, N. Y. Text 1577
— American Locomotive Co New York, N. Y. 10
— American Valve and Meter Co Cincinnati, O. Text 1578
Inside of Front Fly Leaf. Ames, A. E., & Co Toronto, Canada —
Ashcroft Mfg. Co. (The) New York, N. Y. Text 1578
— Atlantic, Gulf & Pacific Co New York, N. Y., and San Francisco, Cal. Text 1622
6 Atlantic Mutual Insurance Co New York, N. Y. —
29 Baldwin Locomotive "Works Philadelphia, Pa. —
34 Bank of Montreal Montreal, Canada. —
59 Baring Brothers & Co. Ltd. (Baring, Magoun & Co.) London, Eng. —
59 Baring, Magoun & Co New York, N. Y. —
Facing Inside Front Cover. Barnes, R. T. H. (Harvey Fisk & Sons, N. Y.), Hartford, Conn. —
Barney & Smith Car Co Dayton, O. 3
10 Bartlett, Frazier & Co Chicago, 111. —
108 Bass Foundry & Machine Works Ft. Wayne, Lenoir City, and Rock Run. —
Baxter, G. S., & Co New York, N. Y., and Jacksonville, Fla. Text^lGSS
Belleville Copper Rolling Mills (Hendricks Bros.) New York, N. Y. 1
56 Belmont, August, & Co New York, N. Y. —
— Berwind-White Coal Mining Co New York, Phila., Boston, and Baltimore. 8
Besly, Chas. H., & Co Chicago, HI. Text 1621
86 Bond & Goodwin Boston, Mass. —
45 Borg& Co., Simon New York, N. Y. —
Boyntou & Van Winkle (National Wood Mfg. Co.) New York, N. Y. 1639
— Brill, J. G., Co. (Colored Insert) Philadelphia, Pa. Facing p. 847 Text
— Brooks Locomotive Works (American Locomotive Co. New York), Dunkirk, N.Y. 10
28 Brown Bros. & Co New York, N. Y., Philadelphia, Pa., and Boston, Mass. —
28 Brown, Alex., & Sons. . .(Brown Bros. & Co., New York, N. Y.), Baltimore, Md.
Brown, Harold P New York, N. Y. Text 1632
28 Brown, Shipley & Co (Brown Bros. & Co., New York, N. Y.), London, Eng.
— Buckley, L. J. & Co New York, N. Y. Text 1632
29 Burnham, Williams & Co (Baldwin Locomotive Works), Philadelphia, Pa. —
— Cabot, Samuel Boston, Mass. Text 1621
1 Carnegie Steel Co Pittsburgh, Pa. —
24 Central Trust Co New York, N. Y. —
Facing Inside Front Cover. Chapman, J. H. (Harvey Fisk & Sons, New York), Phila., Pa. —
— Chester Steel Castings Co Chester, Pa., and Philadelphia, Pa. Text 1615
See also Classified Index to Advertisers, pages 1608 to 164O, inclusive.
|y ALWAYS REFER TO JiDTEMTISEXENTS FOR LOCAL ADDRESSES.
HO ALPHABETICAL INDEX TO ADVERTISERS.
PAS», PAGE,
FBONT. BACK.
10 Chicago National Bank Chicago, 111. —
— Chicago Railway Equipment Co Chicago, 111. Text 1613
— Cincinnati Meter Co. (American Valve & Meter Co.) Cincinnati, O. Text 1578
— Clay, John H Philadelphia, Pa. Text 1624
— Cleveland Stone Co Cleveland, O. Text 1625
— Coal Trade Journal New York, N. T. Text 1550
— Coe Brass Mfg. Co Torrington, Conn. Text 1615
— Consolidated Safety Valve Co. (The) New York, N. Y. Text 1578
— Continuous Rail Joint Co. of America Newark, N. J. 7
11 Cook, Geo. D., Co. ., Chicago, 111., and New York, N. Y. —
— Cooke Locomotive Works (American Locomotive Co., New York), Paterson, N. J. 10
— Cory Bros. & Co. , Limited (Berwind-White Coal Mining Co. , N. Y.), London, Eng. 8
17 Cuyler, Morgan & Co New York, N. Y.
— Danville Bessemer Co Danville, Pa. Text 1634
— Dickson Locomotive Works (American Locomotive Co., N. Y.), Scranton, Pa. . 10
— Dilworth, Porter & Co. (Limited) Pittsburgh, Pa. Text 1635
Facing Inside Front Cover. Drake, Daniel K. (Harvey Pisk & Sons) Chicago, 111. —
62 Drexel & Co (J. P. Morgan & Co., New York, N. Y.), Philadelphia, Pa. —
11 Equitable Trust Co Chicago, 111.
— Ewald Iron Co St. Louis, Mo. Text 1637
6 Farmers' Loan & Trust Co New York, N. Y.
— Ferguson Contracting Co. (The) New York, N. Y. Text 1620
15 First National Bank of Milwaukee Milwaukee, Wis. —
Between pp. 66 and 67, front. Fisk & Robinson (Colored Insert) New York, N. Y. —
Facing Inside Front Cover. Fisk, Harvey, & Sons.. New York, N.Y., and Boston, Mass.
108 . Ft. Wayne Foundry & Machine Co Chicago, 111. —
8 Franklin-Lee Bank Note Co New York, N. Y. —
— Galena-Signal Oil Co. . Franklin, Pa. 6
Facing p. 69, front. General Electric Co. (The) (Colored Insert),
Schenectady, N. Y., and New York, N. Y.
60 Graham, Kerr & Co. (Redmond, Kerr & Co., New York, N. Y.).. Philadelphia, Pa.
Inside of Front Fly Leaf. Halsey, N. W., & Co New York, N. Y.
— Hancock Inspirator Co. (The) New York, N. Y. Text 1 578
39 Harris, N. W., & Co New York, N. Y.; Chicago, 111., and Boston, Mass.
3 Haskins & Sells New York, N. Y. —
— Hayden& Derby Mfg. Co. (The) New York, N. Y. 1578
— Hendricks Bros New York, N. Y. 1
21 Hollister & Babcock New York, N. Y.
3 Jessop, Wm., & Sons (Limited) New York, N. Y. —
83 Kidder, Peabody & Co Boston, Mass. —
9 Knauth, Nachod & Ktthne N«w York, N. Y.
Inside of Front Cover. Kountze Bros New York, N. Y. —
— Krupp (Thos. Prosser & Son) .New York, N. Y. 4
Sec also Classified Index to Advertisers, pages 1608 to 1640, Inclusive.
E^~ ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
ALPHABETICAL INDEX TO ADVEETISEKS. Ill
PISE, PAGB,
FBONT. BACK.
2 Latrobe Steel Co ..................... Philadelphia, Pa., and New York, N. Y. —
— Lawrence Cement Co. (The) ...... Philadelphia, Pa., and New York, N. Y. Text 1618
41 Lee, Higginson & Co .......................................... Boston, Mass. —
— Lidgerwood Mfg. Co .................................. New York, N. Y. Text 1625
— Lobdell Car Wheel Co ..................................... Wilmington, Del. 5
— MacAfee, John Blair (Colored Insert) ........... Philadelphia, Pa. Facing p. 846 Text.
— Manchester Locomotive Wks. (Amer. Locomotive Co., N. Y.), Manchester, N. H. 10
20 Manhattan Trust Co ........................................ New York, N. Y. —
— Manning, Maxwell & Moore ........................... New York, N. Y. Text 1578
— Manufacturers' Record Publishing Co .................... Baltimore, Md. Text 1597
14 Maryland Trust Co ........................................... Baltimore, Md. —
16 Mason, Lewis & Co .......................... Chicago, 111., and Boston, Mass. —
— McConway & Torley Co ..................................... Pittsburgh, Pa. 5
— McCoy, Jos. F., Co .................................... New Fork, N. Y. Text 1627
12 Middendorf, J. Wm., & Co ................................... Baltimore, Md.
9 Moffat & White .................................... ....... New York, N. Y. —
62 Morgan, Harjes & Co. (J. P. Morgan & Co., New York, N. Y.) ---- Paris, France —
62 Morgan, J. P., & Co. (See also Outside Sack Cover.) ............ New York, N. Y. —
62 Morgan, J. S., & Co. (J. P. Morgan & Co., New York, N. Y.) ..... London, Eng. —
— Mt. Vernon Car Mfg. Co ................................. ... .Mt. Vernon, HI. 4
Between Fly Leaf) Mutual Life insurance GO. (Colored Insert) ....... New York, N. Y. —
and p. 1, front. )
1 Nathan Mfg. Co .......................... New York, N. Y., and Chicago, 111. —
— National Malleable Castings Co. (The) ..................... Cleveland, O. Text 1615
23 National Park Bank of New York ......................... New York, N. Y. —
— National Ry. Publication Co ........................... New York, N. Y. Text 1545
— National Tube Co ....... Pittsburgh, New York, Chicago, Phila., St. Louis, San
Francisco, London, Eng ............................................... 12
NationalWood Mfg. Co ................................... New York, N. Y. 1639
22 New Amsterdam National Bank (The) ....................... New York, N. Y.
— New England Railway Publishing Co ...................... Boston, Mass. Text 1546
22 New Jersey Title Guarantee & Trust Co (The) ............... Jersey City, N. J.
5 New York Air Brake Co ................................... New York, N. Y. —
21 New York Security & Trust Co ............................. New York, N. Y. —
Facing page 68, front. Niles-Bement-Pond Co. (Niles Tool Works Co., Hamilton, 0.)
(Colored Insert) ........................................ New York, N. Y. —
— Norris, James L .......................................... Washington, D. C. 13
27 North American Trust Co .................................. New York, N. Y.
— Norwalk Iron Works Co ............................... South Norwalk, Conn. 8
13 Old Colony Trust Co ........................................... Boston, Mass.
15 Parkinson & Burr ....................... Boston, Mass., and New York, N. Y.
— Passaic Rolling Mill Co . .Pate.rson, N. J., New York, N. Y., and Boston, Mass. 6
— Pedrick & Ayer Co .................................... New York, N. Y. Text 1578
RB. Co. \
See also Classified Index to Advertisers, pages 1608 to 1640, Inclusive.
^" ALWAYS REFER TO ADVERTISEMENTS FOR LOCAL ADDRESSES.
112 ALPHABETICAL INDEX TO ADVEETISEBS.
PAOK, PASB,
FRONT. BACK.
7 Phentx Insurance Co. of Brooklyn New York, N. Y.
— Phosphor Bronze Smelting Co.(The), Limited Philadelphia, Pa. Text 1630
— Pittsburgh Locomotive Works (American Locomotive Co., New York)
Allegheny, Pa. 10
— Poage, John N., M'f'g Co. (American Valve & Meter Co.) Cincinnati, O. 1578
18 Poor, H. W., &Co New York, N. Y., and Boston, Mass.
— Porter, H. K., & Co Pittsburgh, Pa. 9
18 Prince & Whitely New York, N. Y., and New Haven, Conn. —
36 Prince, F. H., & Co Boston, Mass. —
— Prosser, Thos., & Son New York, N. Y. 4
— . Railway Steel-Spring Co New York, N. Y. Text 1639
— Railway World Publishing Co Philadelphia, Pa. Text 1583
60 Redmond, Kerr & Co New York, N. Y.
— Remington Typewriter Co. ( Wyckoff, Seamans & Benedict), New York, N. Y. Text 1584
— Republic Iron & Steel Co Chicago, 111. Text 1636
— Rhode Island Locomotive Works (American Locomotive Co., New York)
Providence, R. I. 10
— Richmond Locomotive Works (American Locomotive Co., New York)
Richmond, Va. 10
— Rogers Locomotive Works Paterson, N. J., and New York, N. Y. 11
— Ross, P. Sanlord (Incorp.) Jersey City, N. J., and Savannah, Ga. Text 1620
56 Rothschild (August Belmont & Co., New York, N. Y.) London, Eng. —
— St. Louis Car Co St. Louis, Mo. Text 1616
108 St. Louis Car Wheel Co St. Louis, Mo.
— Scarritt-Comstock Furniture Co St. Louis, Mo. 7
— Schenectady Locomotive Works (American Locomotive Co.). . Schenectady, N. Y. 10
13 Scott, Townsend, & Son Baltimore, Md. —
16 Seligman, J. & W., & Co New York, N. Y. —
30 Sellers, Wm., & Co. (Incorp.) Philadelphia, Pa.
— Shaw Electric Crane Co New York, N. Y. Text 1578
4 Souther, John & Co Boston, Mass. —
— Stephenson, John, Co Elizabeth, N. J., and New York, N. Y. Text 1616
2 Taylor Iron & Steel Co High Bridge, N. J. —
42 Tracy & Co New York, N. Y. ; Chicago, 111., and Milwaukee, Wis.
55 Trask, Spencer, & Co New York, N. Y., and Albany, N. Y. —
25 United States Trust Co New York, N. Y. —
— Universal Safety Tread Co New York, N. Y. Text 1617
— Vandyck, J. R., Co. (The) New York, N. Y. Text 1629
— Wason Mfg. Co (P. O. Address, Brightwood, Mass.) Springfield, Mass. 2
19 Webb&Prall New York, N. Y. —
— Westinghouse Air Brake Co Pittsburgh, Pa. 9
20 Williams, John L., & Sons Richmond, Va.
17 Wilson, R. T., & Co New York, N. Y. —
— Wyckoff, A., & Son Co Elmira, N. Y. Text 1630
— Wyckoff, Seamans & Benedict New York, N. Y. Text 1584
— • Wyoming Shov«l Works. (See also ted pp. 1579 and 1594). . .Wyoming, Pa. Text 1547
See also Classified Index to Advertisers, pages 1608 to 1640, Inclusive.
&T ALWAYS REFER TO ADrERZISEMEJXTS FOR LOCAL ADDRE88E&.
INTRODUCTION
TO
POOR'S MANUAL FOR 1902.
BAILROADS OF THE UNITED STATES IN 1901.
GENERAL EXHIBIT FOR FISCAL TEAR.
Length of Railroads Completed on December 31 , 1901 , 198,787.30 miles.
Of which Completed to Close of Fiscal Years :
Reporting Traffic Statistic?, Earnings, etc., complete 191,946.72m.
Reporting Gross Earnings, but not Traffic Operations 466.13 m.
Not Reporting Operations 3,474.05 m.— 195,886.90 miles.
Completed since Close of their Fiscal Years 2,900.40 miles.
Net Increase of Mileage of all Railroads in the United States in the Calendar Year 1901 4,453.71 miles.
Net Increase of Mileage of Railroads reporting traffic operations in the Fiscal Year 1901 3,607.50 miles.
COMPARATIVE STATEMENT OF LIABILITIES AND ASSETS OF THE RAILROAD COMPANIES
OF THE UNITED STATES (CLASSIFIED):
1900 1901
Miles of Line
Railroads
Returns.
188,339.22
t
6,667.891,018
6,665.287,984
324,810,264
416,719.480
110,725,784
426,590,148
ngs but not
405.98
t
87,305,899
87.873.467
1,208,366
4.941,676
8,976,076
7,044,308
Total
Reporting
Gross
Earnings.
188,745.20
$
5.755,196,412
5.738.161,461
327,018,620
421.661,065
114.700,860
432,634,452
* Total
of all
Railroads.
182,181.93
6.804.346260
5,758,592,764
328.963,335
422,262,823
114.800,860
433,525,2-21
Railroads
Supplying
Complete
Returns.
tiei, 946.72
t
5,817 408,854
6,934299,122
808 499,714
449 547.173
139 501,680
469 917,074
Reporting
Gross Earn
"^raffle"0
Operations.
466.13
$
88,451,486
68,498,841
2,965.192
5,620,971
4,169,853
7,731,186
Total
Reporting
Gross
Earnings.
182,411.85
5,915,864^88
6,002,797,968
811,454,906
456,068,144
148,670.988
477,648,259
* Total
of all
Railroads.
195,886.90
t
5,978,79fi,24«
8,o:{5,499,741
812,225,539
456,798,011
143,670,983
478,664,729
Liabilities :
Unfunded Debt
Current Accounts
Sinking and Other Funds
Total Liabilities
Assets :
Cost BB. and Equipment.
Investments
18,611,024,674
10,250,661,769
1,757,304,142
825,914,468
185,099.881
92,054,414
173,348.176
160,770,284
6.548,424
2,899,241
3,828,946
801,281
12,784,872,860 12,862 491.243
10,411.422,053 10,484.430,907
1,782,852566 1,766,493.090
828,813.709 328,994,626
188,828,827 188,992.213
92,355,695 83.580,407
18,119,168,067
10,464,181,627
1.968,885,146
386,808,301
219.478,242
89,864,761
177,327,027
165,792,236
4,068.290
8,081,139
4,087,688
802,724
13,308,496,084 13,405,626,160
16,629,973,763 10,717,752,155
1,972,898,636 1,978,548,412
389,889,410 390.112,441
223,595,880 223,616,024
90,167,476 97,696,218
Current Accounts
Total Assets 18,«11,024,674 178,348,179 12,784,372,85012,862,491,243 18,129,168,097 177,327,027 18,808,49*,094 13,405,626,260
STATISTICS OF OPERATIONS, FISCAL YEAR 1901.
Miles of Railroad reporting traffic statistics, earnings, etc t!94,512.68
Miles of Railroad reporting earnings only 462.28
Passenger Train Mileage . ~]
Freight Train Mileage
Mixed Train Mileage
Total Revenue Trains J
e.T
• • 1
"l
QSj
on
194.512.68
Miles
RR.
(391,543,708
505,468,619
20,812,985
Passengers Carried
1
on
194,512.68
Miles
RR.
f 600,485,790
I 17,789,669,925
1,084,066,451
[148,959,303,492
Passengers— Mileage i
Tons Freight Moved f
Tons Fgt. Moved One Mile j
917,825,312
Earnings — Passenger ) on ($360,702,686
Freight... V 194,512.68 {1,126,267,652
Other.... \ Miles RR. ( 119,155,174
Earnings of 462.28 M. RR., Class 4 (see p. iv.) 6,353,314
Total Traffic Revenue (194,974.96 miles)$l, 612,448,826
Operating Expenses (194,974.% miles) 1,092,154,099
Net Earnings (194,974.96 miles) $520,294,727
Other Receipts 68,368,814
Total Available Revenue (191,974.96 m.) $588,663,541
Payments from Available Revenue :
Interest on Bonds $215.191,176
Other Interest 7,327.334
Dividends 132,162,935
Rentals— Interest $39,127,204
Dividends 24,724,348
Miscellaneous.... 22,586,953— 86,438,505
Miscellaneous 36,235,397
Total (194,974.96 miles) $477,355,347
Balance — Surplus over fixed charges and
miscellaneous payments $111,308,194
* Including lines constructed, but not reporting operations, and those in course of construction, not y»t
brought into operation (see Class 6, p. iv.).
t This is 2,565.96 miles greater than the mileage owned (191,946.72), this excess representing " trackage."
PRESS OF J. J. LITTLE & CO., ASTOR PLACE, N. Y.
11
Statement showing the mileage, equipment, liabilities and assets, traffic operations, earnings,
interest and dividend payments, etc., etc., of all the Steam Railroads, 1894 to 1901, inclusive;
1901
1900
1899
1898
1897
1896
1895
1894
Mileage of Railroads.
2d Track, Sidings, etc.
Total Track
Miles.
195,830. 90
70,105 45
Miles.
192,161.93
65,691.29
Miles.
187,781.08
62,581.72
Miles.
184,894.33
60,344.54
Miles.
183,547.07
58,153.69
Miles.
181,394.17
57,335.77
Miles.
179,821.26
55,209.80
Miles.
178,054.02
51,701.16
265,992 85
246,811,60
19,180.75
No.
39,729
27,144
8.667
1,409,472
257,853.22
238,464.13
19,389.09
So.
38,065
26,786
8,209
1,350,258
250,362.80
228,975.54
21,387.26
No.
37,245
26,184
8,121
1,328,084
245,238.87
220,803.87
24,435.00
No.
36,746
25,844
8,049
1,284,80?
241,700.76
215,657.83
26,042.93
No.
36,410
25,654
8,180
1,234,972
238,729.94
210,290.46
28,439.48
No.
36,388
24,940
7,880
1,245,640
235,031.06
206,381.05
28,650.01
No.
36,610
26,419
7,891
1,230,798
232,755.18
197,491.43
35,263.75
No.
36,304
26,357
7,921
1,228,781
Steel Rails in Track. .
Iron Rails in Track*..
Locomotives
Care— Passenger
Bag., Mail, etc.
Freight
Total Revenue Cars
Liabilities:
Capital Stock
1,445,283
$
5,978,796,249
6,035,469,741
312,225,536
456,798,012
143,670,983
1,385,253
5,804,346,250
5,758,592,754
328,963,335
422,262,823
114,800,860
1,362,369
$
5,742,181,181
5,644.858.027
305,777,858
377,497,070
95,013,713
1,318,700
$
5,581,522,858
5,(i35,363,594
368,182,584
383,682,168
Prev
1,268,806
$
5,602,964,449
5,534,432,492
380,669,705
397.928,861
ous to 1899,
1,278,460
5,373,187,619
5,461 ,R56,798
344,499,969
389.313,919
ncluded wit
1,265,108
$
5,181.373,599
5,648,659,436
418,536,623
429,331,956
i Profit and ]
1,263,059
$
5,027,604,717
5,605,775,764
382,927,834
438,911,691
jOSS.
Bonded Debt
Unfunded Debt
Current Accounts . .
Sinking and other |
Funds j
Total Liabilities. .
Excess of Assets....
Total
12,926,960,521
381,068,511
12,428,966,022
339,944,815
12,165,327,849
291,946,163
11,968,751,204
316,616,498
11,915,995,507
307,793,194
11,568,858,305
363,289,063
11,677,901,614
358,622,751
11,455,220,006
353.205,967
13,808,029,032
10.717,752,155
1,976,548,412
390,112,441
223,616,024
12,768,910,837
10,484,430,907
1,766,493,090
328,994,626
188,992,213
12,457,274,012
10,254,251,458
1,708,507.108
325,725,460
168,789,986
12,285,367,702
10,256,275,585
1,594,565,979
265,264,972
169,261,166
12,223,788,701
10,304,221,478
1,519,550,500
225,524,124
174,492,599
11,932,147,368
10,079,496,420
1,457,656,210
232,473,770
162,520.968
12,036,524,365
9,868.102,973
1,683,909,608
259,804,963
224,706,821
11,808,425,973
9,693,141,381
1,651,366,198
238,306,800
225,612,068
Assets :
Cost of RR. & Equip.
Other Investments... .
Sundry Assets ....
Current Accounts
Total Assets
Miles of RR. Operated
Rev. Train Mileage :
Passenger . . .
13,308,029,032
Miles.
194,974.96
391,543,708
505,468,619
20,812,985
12,768,910,837
Miles.
191,861.96
373,226,581
513,667,388
20,702,172
12,457,274,012
Miles.
186,590.38
355,106,833
534,391,846
20,996,771
12,285,367,702
Miles.
184,532.61
344,761,142
542.824,509
17,424,581
12,223,788,701
Miles.
181,874.07
342,464.408
500,326:372
15,235,049
11,932,147,368
Miles.
180,891.19
337,641,115
497,248,296
15,785,433
12,036,524,365
Miles.
179,153.62
326,184,596
491,410,820
15,457,939
11,808,425,973
Miles.
176,220.55
325,981,869
475,789,885
15,381,001
Freight
Mixed
Total
917,825,312
600,485,790
17,789,6fi9,925
1,084,066,451
148,959,303,492
$
360,702,686
1,126,267,652
125,478,488
907,596,141
584,695,935
16,313,284,471
1,071,431,919
141,162,109,418
$
831,402,816
1,052,835,811
117,456,751
910,495,450
537,977,301
14,859,541,965
975,789.941
126,991,703,110
$
297,559,712
922,436,314
116,100,353
905,010,232
514,982.888
13,672,497,664
912,973,853
114,566,173,191
$
272,589,591
868,924,526
108,044,607
858,026.179
504,106,525
12.494.958,000
788,385,448
97,842,569,150
$
253,557,936
780,351,939
98,956,751
850,674,844
535.120.756
13,054,840,243
773,868,716
93,886,853,634
S
265,313,258
770,424,013
89,894,754
833,053.355
529,756,259
12,609,082,551
755,799,883
88,567,770,801
S
260,929,741
743,784,451
87,681,245
817,152,755
569,660.21 h
13.600.531,633
674,714,747
82,219,900,498
S
275,352,190
700,477,409
91,113,759
Passengers Carried . . .
Passenger Mileage . . .
Tons Freight Moved .
Freight Mileage
Traffic Earn'gs-Pass.
Freight
Miscellaneous
Total
1,612,448,826
520,294,727
68,368,814
1,501,695,378
483,247,526
67,772,934
1,336,096,379
423,941,689
55,619,405
1,249.558,724
389,66(5,474
104,536,904
1,132,860,626
342,792.030
97,631,314
1,125,632,025
332,766.979
104,934,911
1,092,395,437
323,196,454
113,768,075
1,066,943,358
317,757,399
96,158,834
Net Earningst
Other Receipts
Total Avail. Revenue.
Payments :
Interest on Bonds. . . .
Other Interest
588,663,541
215,191,176
7,327,334
132,162,935
36,235,397
39.127,204
24.724,348
22,586,953
551,020,460
214,199,502
6,315,028
119,288,87!)
46,153,433
30,248,304
21,054,774
21,200,651
479,561,094
208,957,209
6,071,451
88,076,393
36,569,447
30,221,704
20,955,859
20,010,276
494,203,378
237,133,099
5,069,290
94,937,526
35,681,080
) 62,740,145
I. Previous to
( lated ant
' tious iter
440,433,344
234,454,578
5,776,727
83,680,040
29,123,068
59,525,937
1899, not segr<
retabulated
a " receipts fr
437,701,890
243,287,730
8,034,840
81,528,154
34,297,635
59,238,517
gated: total a
'or each comp
om other soui
436,964,529
239,698,134
8,197,750
81,685,774
83,404,887
68,885,266
mount paid a
iny, thereby c
•ces/'
413,916,233
234,702,912
7,444,802
83.478,669
38,220,068
60,840,237
s rentals tabu-
aupiiig a flcti-
Dividends on Stock..
Miscellaneous
Rental?— Interest
Dividends...
Miscellan. . .
Total Payments..
Balance, Surplus or I
Deficit I
477,355,847
5.111,808,194
458,460,571
8. 92,559,809
410,862.339
8. 68,698,755
435,561,140
5. 58,642,238
412,560,850
S. 27,862,994
426,386,876
5. 11,815,014
431,871,811
S. 5,098,718
424,686,688
ZJ.10, 770,455
* See footnote to table of Track Mileage and Rolling Stock Equipment, page v. t Less taxes.
Ill
Statement showing, by groups of States, the mileage, equipment, liabilities and assets, traffic
operations, earnings, interest and dividend payments, etc., etc., of all the Steam Railroads in the
United States in 1901 :
New
England
Group.
Middle
Group.
Central
Northern
Group.
South
Atlantic
Group.
Gulf and
Mississipp
Vy. Group
South-
western
Group.
North-
western
Group.
Pacific
Group.
tileage of Railroads,
d Track, Sidings, etc
Total Track
Miles.
7,932.84
4,811.77
Miles.
24,248.43
20,678.65
Miles.
55,115.74
22,333.91
Miles.
24,454.65
4,695.46
Miles.
11,695.62
2,473.10
Miles.
36,058.02
7,465.69
Miles.
26,620.23
5,798.29
Miles.
9,761,37
1,848.58
12,744.61
11,786.48
958.13
No.
2,416
3,242
719
45,137
44,927.08
41,607.03
3,319.45
No.
11,712
9,303
2,297
456,579
77,449.65
72,940.59
4,509.06
No.
10,917
6,266
2,462
439,345
29,150.11
26,413.82
2,736.29
No.
3,457
2,140
780
108,248
14,168.72
13,235.91
932.81
No.
1,721
976
403
62,154
43,523.71
40,530.53
2,993.18
So.
4,915
2,333
1,068
149,010
32,418.52
29,670.87
2,747.65
No.
3,357
1,738
615
122,384
11,609.95
10,625.77
984.18
No.
1,234
1,146
323
26,615
iteel Rails in Track. .
ron Rails in Track..
jocomotives
/urs— Passenger
Bas., Mail, etc.
Freight
Tot. Revenue Cars
Liabilities :
Japital Stock
Sonded Debt
49,098
$
288,837,050
225,558,885
10,057,063
26,244,138
9,797,539
468,179
1
1,629,349,966
1,624,861,664
124,124.234
159,5-.'0,23'.i
36,983,843
448,073
$
1,324,530,672
1,453,365,354
40,517,561
101,814,721
68,662,328
111,168
1
607,139,772
494,658,980
33,213,682
34, (.95,343
6,722,500
63,533
$
199,502,077
272,084,386
9,354,723
20,295,9^0
2,891,440
152,411
$
939,545,596
908,598,817
33,798,810
58,155.903
6,633,354
124,737
$
656,328,168
734,916,964
50,038,346
48,982,140
10,410,826
28,084
333,562,948
821,424,691
11,121,117
7,089,608
1,569,153
Unfunded Debt
Uirrent Accounts
ink'g and Other Fds.
Total Liabilities..
Ixcess of Assets
Total
560,49 V' 5
25,05U,45U
3,574,839,946
108,058,122
2.988,890,636
113,871,482
1,176,4:30,277
11,069,835
504,128,546
12,426,133
1,946,732,480
33,700,769
1,500,676,444
44,358,020
674,767,517
32,533,700
585,545,125
459,927,680
83,162,8(53
24,911,600
17,542,9:22
3,682,898,068
2,532,712,551
972,712.821
104,474,444
72,998,252
3,102,762,118
2,607,444,115
335,609,273
115,629,247
44,079,483
1,187,500,112
1,033,840,208
112,420,878
28,328,507
12,910,519
516,554,679
443,036,703
44,677,600
16,357,174
12,483,202
1,980,433,249
1,732,819,436
173,000,310
42,860,525
31,752,978
1,545,034,464
1,260,647,003
215,807,875
49,076,105
19,503,481
707,301,217
647,324,459
39,156,792
8,474,779
12,345,187
Assets :
ost of RR. & Equip.
>ther Investments . . .
undry Assets
urrent Accounts. . . .
Total Assets
[iles of RR. Operated
rain Mileage :
Passenger
585,545,125
JHbf.
7,959.79
33,846,556
21,7.34,5 5
3,682,893,068
Miles.
25,019.18
102,391.811
126,774.991)
3,102,762,118
Miles.
57,259.02
120,942,843
166,959,714
1,187,500,112
Miles.
23,539.08
32,177,336
42,670.132
2,805.152
516,554,679
Miles.
10,530.12
15,119,525
27,633,818
1,371,007
1,980,433,249
Miles.
32,988.18
42,028,042
62,486,220
3,550,427
1,545,034,464
Miles.
25,249.21
29,288,2r,0
36,829,716
3,041,648
707,301,217
Miles.
12,433.38
15,749,305
20,359,505
3,181,736
Freight.
Mixed
912,025
3,152,840
2,798,150
Total
56,513.096
115.7:i7,-«7
2,079,323,<io8
52,025,S3H
,536,282,349
$
37,605,275
62,685.934
7,679,937
232,319,650
239,075,400
V172,493.0 »3
457,257,212
4y,539,28'J,785
$
93,843,944
308,695,171
30,929,302
290,700,707
124,106,3(54
4.931,443,510
312,392,771
45,992,424,123
*
100.390,447
315,490,927
37,239,953
77,652,620
26,256,77?
1,084,245,995
66.032.63(5
11,244,836,128
$
25,702,450
81,875,392
9,483,996
44,124,350
15,794,531
567,550,353
42,669,014
6,048,232,592
$
13,853,283
49,461,700
6,363,060
108,064,689
28,297,111
1,604,398,59!)
71,043.379
14,195,'; 98,907
$
37,618,500
143,499,571
19,002,224
69,159,654
17,991,560
1,247,592.567
62,328,1578
12,03(,69i>,202
$
29,142,279
113,926,005
9,874,7*3
39,290,546
33.236.684
1,102,622,260
20,316,923
5,365,747,406
$
22,541,508
60,632,952
4,905,283
assengers Carried . . .
assenger Mileage . . .
ons Freight Moved .
reight Mileage
raffle Enrn'gs— Pass.
Freight
Miscellaneous....
Total
97,971,146
24,0fi3,l!t3
2,366,730
433,473,417
144,669,574
31,144,523
453,121,327
1*3,217,475
12,533,975
117,061.838
36,7.05,997
1,984,074
69,678,043
21,098,499
1,108,645
200,120,295
66,783,062
6,512,839
152,943.017
62,778.694
9,419,664
88,079,743
30,938,233
3,298,364
et Earn'gs,le8s Tax's
ther Receipts.
Net Revenue ....
Payments :
iterest on Bonds. . . .
ther Interest
26,419,923
4,670,549
165.271
6,664,292
668,477
5.113,035
8,230.130
235,708
175,814,097
46,579,005
4.194,070
29,817,082
14.018,150
22,018,012
13,894,188
9,334,565
145,751,450
57,379,012
773,665
40,721,846
9,030,305
6,342,477
3,155,785
5,330,838
38,740,071
19,525,116
511,183
7,263,016
1,496,179
1,016,056
721,952
227,435
22,207,144
10,535,895
312,986
3,299,489
1,357,368
113,760
345,144
1,802,453
73,295,901
*3,723,314
334,215
16,510,988
3,525,114
842,450
314,400
1,147,205
72,198,358
24,516,124
128,877
27,689,311
3,260,758
8,578,786
62,743
1,083,128
34.236,597
18,262,161
907,117
666,911
2,879,046
43,638
ividends on Stock..
[i«eellaneotis
entaL-1— Interest ....
Dividends .
Miscellan's.
Total Payments.,
alance, Surplus
1,375,621
25,797.468
622,455
139,385,072
36,429.025
122,733,928
23,017,522
30,759,887
7,980,184
17,827,085
4,380,059
56,397,686
16,898,215
(50,819,727
11,878,631
24,134,494
10,102,103
IV
The following table shows the classification now adopted for all the railroads, and the
chief items for each classification for 1901 :
Class 1.
Class 2.
Class 3.
Class 4.
Class 5.
Class 6.
Total
Miles of Railroad Owned
Capital Stock ....
191,302.29
$
5,816,299,590
5,924,597,762
10,439,1(56,096
193,766.17
593,677,194
17,750,494,045
1,066,189,879
148,583,128,624
$
360,234,038
1,122,348,521
57.41
$
1,349,492
1,166,860
2,311,311
57.41
6,808,596
39,175,880
356.00
S
8,369,750
8,009,500
18,070,882
481.27
13',927,i94
349,814,508
$
466.13
S
88,451,485
68,498,841
165,792,236
462.28
«>
ii
it
«|
«|
231,02
$
1,384,522
525,000
3,843,238
207.83
' 3,949,378
26,360,360
$
3,474.05
8
62,941,410
32,671,778
87,778,392
195,886.90
5,978,796,249
6,035,469,741
10,717,752,155
194,974.96
601,485,791
17,789,669,925
1,084,066,451
148,959,303,492
$
360,702,686
1,126,267,652
Bonded Debt
Cost of RR. and Equipment . .
Miles of Railroad Operated. . .
Passengers Carried
Passenger Mileage
Tons Freight Moved
Freight Mileage
Traffic Earnings— Passenger..
Freight
Total, incl. Miscellaneous.
Net Earnings, less Taxes
Receipts from Other Sources..
Total Available Revenue.
Interest on Bonds
$
468,648
$
3,384,679
5
534,452
1,596,106,697
513,698,515
65,738,173
482,941
76,867
10,972
4,789,026
1,424,878
391,144
10,519,037
5,026.546
2,235,187
551,125
67,921
3,338
1,612,448,826
520,294,727
68,368,814
579,436,688
250,897,972
156,854,738
469,772,720
109,663,968
87,839
48,016
23,345
96,287
2>. 8,448
1,816,022
328,800
132,000
1,481,838
334,184
7,251,733
3,014,561
1,841,700
5,929,737
1,321,996
71,259
29,031
35,500
74,765
D. 3,506
538,663,541
254,318,380
158,887,283
477,3=5,347
111,308,194
Dividends on Stock
Total of all Payments
Surplus
STATISTICS OF TRACK MILEAGE AND ROLLING STOCK EQUIPMENT.
(Revised Statement, omitting all equipments of elevated city passenger railways)
TEAK.
Miles
Steel
Rails.
Miles
Iron
Rails.
Total
Track
(Miles).
Per Cent.
Steel of
Total.
Locomotives.
REVENUE CABS.
Pas-
senger.
Baggage,
Mail and
Express.
Freight.
Total.
1880
33,680
48,984
66,611
78,411
90,162
98,013
105,630
125,349
130,388
151,578
167.458
174,775
182, m
190,718
197,491
206,381
210,290
215,658
220.804
228,976
238,464
246,811
81,967
81,471
74,267
70,690
66,252
62,493
62,322
59.586
52,979
50,510
40.604
39,756
38,918
37,135
35,264
28,650
28.440
26,043
24,435
21,387
19,389
19,181
115,647
130,455
140,878
149,101
156,414
160.506
167,952
184,935
191,367
202,088
208,152
214,529
221,629
227.853
232.755
235,031
238,730
241,701
245,239
250.363
257,853
265,992
29.1
37.5
47.3
52.6
57.6
61.0
62.9
67.8
72.3
75.0
80.4
81.5
82.4
83.7
84.9
87.8
88.1
89.2
90.0
91.5
92.4
92.7
17,949
19,911
21,889
23,405
24,353
25,662
26,108
27.275
20,000
30,566
31,812
33,563
34,626
36.118
36.304
36,610
36,388
3(i,410
36,746
37,245
38,065
39,729
12,789
13,947
14,934
16,230
16,644
16,497
18,365
19,339
20,247
21,471
21,664
23,083
24,604
27,179
26,357
26,419
24,940
25,654
25,844
26,184
26,786
27,144
4,786
4,976
5,564
5,848
5,911
6,044
6,325
6,554
6.827
7,053
7,253
7,368
7,830
7,877
7,921
7,891
7,880
8,180 •
8,049
8,121
8,209
8,667
539.255
648,295
730,435
778,663
798,399
805,517
845,912
950,889
1,005,108
1,051,141
1,061,952
1,163,679
1,177,113
1,206,444
1,228,781
1,230,798
1,245,640
1,234,972
1,284.807
1,328,084
1,350,258
1,409,472
556,930
667,218
730,933
800,741
820,954
828,058
870,602
976, 772
1,032,182
1,080,665
1,090,869
1,194,130
1.209,457
1,241,500
1.263,059
1,265,108
1,278,460
1,268,806
1,318,700
1,362,38
1.385,253
1,445,283
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
NOTE.— In the above classification those roads whose statements are grouped under the head of Class 1
comprise all lines that may be designated " common carrier railroads " in the full sense of the expression ; Class
2 is made up of railroads that are engaged in carrying passengers only ; and Class 3 those exclusively engaged in
the transportation of freight ; Class 4 comprises switching, belt, terminal, connecting, and toll railroads ; Class
5 consists of private, logging, ore, and other railroads used in conjunction with the enterprises with which they
are connected; and Class 6 includes roads not fully brought into operation, and those whose operations are
not fully reported. Class 4 is omitted because the traffic operations of these switching and transfer railroads is
merely a duplication of figures contained in Class 1 ; omitting these transportation statistics necessarily causes
the omission of all returns responsive thereto.
Statement of railroad construction in the United States during the years 1899-1901 :
STATES.
18S9
1900
1901
STATES.
1899
1900
1901
Maine
Miles.
40.78
Miles.
11.60
18.54
Miles.
16.08
Missouri
Miles.
88.73
279.13
78.65
9.43
36.36
135.71
75.95
154.34
Miles.
42.75
61.10
316.29
"siiss"
1.95
166.26
137.99
Miles.
140.91
147.58 -
577.16
28.64
98.78
258.96
146.10
366.03
New Hampshire
Arkansas
Vermont
14.50
4.95
45.50
Texas
Massachusetts
Khode Island
Kansas
Colorado • . .
Connecticut
18.40
0.50
New Mexico
New England
78.63
37.57
9.50
206.47
75.64
9.00
3.91
213.78
16.58
19.50
0.24
103.78
Oklahoma Territory
Southwestern
New York
858.30
565.68
401.48
58.70
41.17
12.00
42.82
36.82
810.67
278.07
251 .83
104.13
119.93
138.91
69.73
30.53
1,764.16
86.55
83.24
3.95
121.50
38.20
74.13
116.84
New Jersey
Iowa
Pennsylvania
Minnesota
Maryland
19.00
30.00
Nebraska
District of Columbia. . .
North Dakota
Middle
272.54
58.80
131.69
65.22
134.27
90.42
226.69
6.55
92.01
75.77
73.87
86.77
170.10
124.69
207.28
191.98
192.63
207.95
Ohio
Montana
Northwestern
Michigan
1,158.67
79.55
16.00
197.63
993.13
70.40
45.00
149.75
524.41
157.44
15.95
88.16
40.00
120.51
81.81
14.65
Indiana
Washington
Illinois
Wisconsin
Oregon
Central Northern . .
Virginia
480.40
56.50
44.18
85.58
139.70
97.35
135.00
334.97
72.68
261.12
51.06
163.90
139.61
80.70
924.53
24.43
81.63
66.70
53.00
200.35
63.45
Nevada
Idaho
151.62
53.50
100.00
46.49
56.50
8.92
Arizona
West Virginia
Utah...
Pacific
South Carolina
598.30
78.63
272.54
480.40
558.31
507.53
858.30
1,158.67
598.30
377.06
75.64
226.69
334.97
769.07
570.11
810.67
993.13
377.06
518.52
16.58
170.10
924.53
489.56
498.63
1,704.16
524.41
518.52
Georgia
^RECAPITULATION.
Florida
South Atlantic
Alabama
558.31
160.19
109.54
65.25
10.30
162.25
769.07
156.47
153.26
79.53
26.10
154.75
489.56
135.29
57.31
94.17
37.00
174.86
Middle. .g
Central Northern
South Atlantic
Gnlf and Miss. Valley. .
Southwestern
Mississippi
Tennessee
Kentucky
Northwestern
Louisiana
Pacific .'
Gulf and Miss. Valley
United States
507.53
570.11
498.63
4,512.68
4.157.34
4,906.49
Statement showing miles of railroad from 1830 to the close of 1901, inclusive :
YBAR.
Miles in
Operation.
Annual
Increase of
Mileage.
YEAR.
Miles in
Operation.
Annual
Increase of
Mileage.
YEAR.
Miles in
Operation.
Annual
Increase of
Mileage.
1830...
23
1854
16720
1 360
1878
81,747
2,665
1831
95
72
1855
18 374
1 654
1879
86,556
4,809
1832
229
134
1856
22,016
3642
1880
93,262
6,706
1833
380
151
1857
24,503
2,487
1881
103,108
9,846
1834
633
253
1858
26,908
2,465
1882
114,677
11,569
1835....
1,098
465
1859
28789
1 821
1883
121,422
6,745
1836
1,273
175
1860
30,626
1 837
1884
125,345
3,923
1837
1,497
224
1S61
31,286
660
1885
128,320
2,975
1838
1,913
416
1862
82,120
834
1886
136,338
8,018
1839
2,302
389
1863 ...
33,170
1,050
1887
149,214
12,876
1840
2,818
516
1864
33 908
738
1888
156,114
6,900
1841
3,535
717
1865
35085
1 177
1889
161,276
5,162
1842
4,026
491
1866
36 801
1,716
1890
166,654
5,378
1843
4,185
159
1867....
39,250
2,249
1891
170,729
4,075
1844
4,377
192
1868
42,229
2,979
1892
175,170
4,441
1845
4,633
256
1369
46,844
4,615
1893
177,516
2,346
1846
4,930
297
1870 .
52,922
6,078
1894
179,415
1,899
1847
5,598
668
18~71....
60,293
7,379
1895
181,065
1,650
1848
5,996
398
1872 ....
66,171
5,878
1896
182,769
1,704
1849
7,365
1,369
1873 ....
70,268
4,097
1897
184,591
1,822
1850...
9,021
1,656
1874
72,385
2,117
1898
186,810
2,219
1851
10,982
1,961
1875
74,096
1,711
1899
190,818
4,008
1852
12,908
1,926
1876
76,808
2,712
1900
194,334
8,516
1853...
15,360
2,452
1877...
79,082
2,274
1901
198,787
4,453
NOTE.— The " annual increase in mileage " usually represents the net increase within the year named. Above
will be found a detailed statement of railroad consiruction for the three years 1899-1901, and similar statements
for preceding years will be found in the past numbers of the MANUAL. The total mileage of all lines in the country
at the end of 1900, as shown by the revised statements presented herewith, was 194,333. 59 miles; construction
during the year, as per construction table above, 4,906.49 miles— total, 199,240.08, from which deduct sundry linei
reported abandoned, transferred to side track, and equipped with electricity, aggregating 452.78, leaving mileage,
Dec. 31, 1901, 198,787.30 miles. This amount is exclusive of Northern Pacific spur tracks (see page vi).
VI
Statement showing mileage of railroads by States and Groups on 31st of December, each
year, at various periods since 1850 (excluding all elevated city passenger railways) :
STATKS AND
GROUPS OF STATES.
1850
1860
1870
1880
1890
1895
1899
1900
1901
New England:
Maine
245
467
290
1,035
68
402
472
661
554
1,264
108
601
786
736
614
1,480
136
742
1,005
1,015
914
1,915
210
923
1,377.47
1,142.25
991.42
2,096.69
217.43
1,006.64
1.704.71
1,171.44
974.99
2,113.86
226.37
1,008.15
1,917.21
1,174.61
999.86
2,111.42
219.19
1,025.40
1,916.94
1,193.15
1,045.28
2,111.42
209.29
1,025.40
1,933.03
1,192.37
1,045.43
2,112.22
209.29
1,025.90
New Hampshire
Massachusetts
Rhode Inland
Connecticut
Group I., Total
Middle Atlantic :
New York
2,507
1,361
206
1,240
39
259
3,660
2,682
560
2,598
127
386
4,494
3,928
1,125
4,656
197
671
5,977
5,957
1,684
6,191
275
1,040 j
6,831.90
7,684.41
2,109.06
8,638.99
314.95
1,270.04
20.66
7,199.52
8,130.07
2,217.27
9,664.91
315.44
1,291.54
22.88
7,447.69
8,126.17
2,236.62
10,130.33
349.11
1,339.44
24.88
7,501.48
8,095.00
2,242.93
10,334.08
348.62
1,339.34
24.88
7,518.24
8,114.95
2,242.10
10,393.83
337.19
1,366.07
24.88
New Jersey
Pennsylvania
Delaware
Maryland I
District of Columbia j"
Group II., Total
Central Northern :
Ohio
3,105
675
342
228
111
20
6,353
2,946
779
2,163
2,790
905
10,577
3,538
1,638
3,177
4,823
1,525
15,147
5,792
3,938
4,373
7,851
3,155
20,038.11
7,980.49
7,108.48
6,109.19
10,165.67
5,612.62
21,642.11
8,698.50
7,562.60
6,416.03
10,673.47
6,097.66
22,206.55
8,877.51
8,027.66
6,496.37
10,988.89
6,459.43
22,384.85
8,885.46
8,092.46
6,563.22
11,058.37
* 6,538.87
22,479.02
9.011.05
8,240.64
6,745.26
11,238.83
6,725.80
Michigan
Indiana
Illinois
Wisconsin
Group III., Total...
South Atlantic:
Virginia
1,276
384
97
283
289
643
21
9,583
1,379
352
937
973
1,420
402
14,701
1,486
387
1,178
1,139
1,845
446
25,109
1,893
691
1,486
1,427
2,459
518
36,976.45
3,359.65
1, 4133.30
3,128.17
2,289.15
4,600.80
2,489.52
39,448.26
3,603.38
2,075.16
3,449.55
2,622.55
5,224.54
3,059.05
40,849.86
3,721.45
2,230.47
3,656.33
2,791.59
5,598.41
3.234.15
41,138.38
3,794.93
2,484.69
3,732.64
2,919.43
5,730.02
3.255.71
41,961.58
3,811.74
2,557.44
3,776.41
2,963.09
5,886.78
3,290.04
West Virginia . .
North Carolina
South Carolina
Georgia
Florida
Group IV., Total....
Gulf & Miss. Valley :
Alabama
1,717
183
75
5,463
743
862
1,253
534
335
6,481
1,157
990
1,492
1,017
450
8,474
1,843
1.127
1,843
1,530
652
17,300.59
3,422.20
2,470.85
2,767.38
2,942.38
1,739.85
20,034.23
3,665.45
2,497.78
3,116.54
3,069.18
2,110.08
21,232.40
4,051.18
2,787.63
3,131.42
3,083.38
2,664.06
21,917.42
4,197.22
2,934.27
3,184.91
3,093.75
2,801.27
22,285.50
4,315.83
2,988.25
3,267.01
3,127.17
• 2,945.16
Mississippi
Tennessee
Kentucky
78
80
Louisiana
Group V., Total
Southwestern:
Missouri
416
3,727
817
38
307
5,106
2,000
256
711
1,501
157
6,995
3,965
859
3,244
3,400
1,750
758
289
13,342.66
6,142.02
2,203.44
8,709.85
8,892.11
4,291.11
1,388.77
1,260.65
14,459.03
6,571.58
2,439.20
9,423.55
8,875.25
4,506.19
1,508.03
( 1,154.98
( 431.17
15,717.67
6.881.15
3,082.27
9,722.46
8,749.16
4,616.51
1,778.00
1,339.45
757.57
16,211.42
6,887.44
3,108.56
9,991.62
8,734.06
4,649.63
1,779.06
1,487.60
911.58
16,643.42
7,010.44
3,240.33
10,565.93
8,744.08
4,740.60
2,031.11
1,631.20
1,278.93
Arkansas
Texas
Kansas
Colorado
New Mexico
Indian Country |
Oklahoma Territory, j
Group VI., Total
1,162
655
4,625
2,683
1,092
705
65
459
14,085
5,400
3,151
1,953
1,225J
512
106
32,887.95
8,416.13
5,545.35
5,407.47
2,116.49
2,610.41
1,002.93
2,195.57
34,909.83
8,525.11
6,061.67
5,542.27
2,522.71
2,800.80
1,177.93
2.845.51
36,926.57
9,113.50
6,769.76
5,594.03
2,705.02
2,825.42
1,211.55
3,008.27
37,529.55
9,391.90
*6,996.89
5,695.26
*2,810.62
2,961.86
1,279.20
*3.029.22
39,242.62
9,451.09
7,060.86
5,704.14
2,932.30
3,004.91
1,322.14
3,165.31
Northwestern :
Iowa
Minnesota
Nebraska
North Dakota 1
^
Wyoming
Montana
Group VII., Total...
655
5,004
12,347
289
508
2,195
739
206
349
842
27,294.36
2,012.05
1,439.97
4,349.73
923.18
946.11
1,094.81
1,265.49
29,476.00
2,820.05
1,513.66
4,791.35
915.62
1,087.79
1,412.20
1,405.29
31,227.55
2,891.61
1,631.88
5,455.42
920.37
1,271.34
1,465.40
1,573.27
32,164.95
*2,888.44
* 1,670.90
5,588.56
920.37
*1, 319.41
1,515.94
1,581.92
32,640.75
3,053.10
1,686.94
5,683.82
960.37
1,440.61
1,597.75
1,593.58
Pacific :
Washington
Oregon
159
925
593
California
23
Nevada
Idaho
Arizona
Utah
257
Group vni., Total..
New England Group ....
Middle Group
2,507
3,105
1,276
1,717
416
23
RECAPI
3,660
6,353
9,583
5,463
3,727
1,162
655
23
1,934
riJLATIOl
4,494
10,577
14,701
6,481
5.106
4,625
5,004
1,034
5,128
i BY GB
5,977
15,14?
25,109
8,474
6,995
14.085
12,347
5,128
12,031.34
3UPS OF S'
6,831.90
20,038.11
36,976.45
17,300.59
13,342.66
32,887.95
27,294.36
12,031.34
13,945.96
PATES.
7.199.52
21,642.11
39,448.26
20,034.23
14,459.03
34,909.£3
29,476.00
13,945.96
15,209.29
7,447.69
22,206.55
40,849.86
21,232.40
15,717.67
36,926.57
81,227.55
15,209.29
15,485.54
7,501.48
22,384.85
41,138.38
21,917.42
16,211.42
37,529.55
32,164.95
15,485.54
16,016.17
7,518.24
22,479.02
41,961.58
22,285.50
16,643.42
39,242.62
32,640.75
16,016.17
Central Northern Group.
South Atlantic Group . . .
Gulf & MississippiVy.Gr.
Southwestern Group
Northwestern Group
Pacific Group
United States
9,021
30,626
52,922
93,262
166,703.36
181,114.94
190,817.58
194,333.59
198,787.30
* The mileage for 1900 is exclusive of 186.81 miles of spur tracks of the Northern Pacific Ry.
Vll
STATISTICS OF STOCK AND BOND CAPITALIZATION, BY GROUPS OF STATES, 1889-1901.
QBOUP 1. — New England States : Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island and Connecticut :
STOCK AND BOND LIABILITIES.
LIABILITIES PER MILE RAILROAD.
YEAB.
RAILROAD
OWNED.
Capital Stock.
Bonded Debt.
Total Stock
and Bonds.
Stock per
Mile.
Bonds per
Mile.
Stock and Bonds
per Mile.
Miles.
$
$
$
$
ft
$
1889.
6,926
229,864,385
160,966,033
390,830,418
33,184
23,237
56,421
1890.
6,985
236,186,197
166,373,688
402,559,885
33,813
23,819
57,632
1891.
7,046
242.120,889
168,559,547
410,680,436
24,363
23.922
58,285
1892.
7,088
257,492,666
166,512,910
424,005,576
36,328
23,492
59,820
1893.
7,103
268,800,692
162,553,063
431,353,755
37,843
23,443
61,286
1894.
7,240
281,472,218
170,272,633
451,744,a51
38.877
23,516
62,393
1895.
7,398
287,280,127
177,386,645
464,666,772
38,832
23,978
62,810
1896.
7,477
305,092,052
167,306,358
472,398,410
40,804
22,376
13,180
1897.
7,521
288,931,591
199,478,972
488,410,563
38,417
26,523
04,940
1898.
7,599
286,097,456
206,600,063
492,697,519
37,649
27,187
64,836
1899.
7,659
293,039,555
206,327,358
499,366,913
38,261
26,939
65,200
1900.
7,757
293,280,126
207,444,385
500,724,511
37,808
26,742
64,550
1901.
7,933
288,837,050
225,558,885
514,395,935
36,409
28,433
64,842
GBOUP 2. — Middle States : New York, New Jersey, Pennsylvania, Delaware and
Maryland :
1889.
19,095
1,042,555,114
1,157,619,330
2,200,174,444
54,598
60,624
115,222
1890.
19,439
1,077,072,361
1,177,928,007
2,355,445,386
57,787
63,005
120,792
1891.
19,692
1,069,648,890
1,145,590,604
2,215,23'.l,444
54,319
58,175
112,494
1892.
20,287
1,168,702,493
1,252,043,829
2,420,746.322
57,608
61,716
119,324
1893.
20,740
1,194,750,942
1,283,858,568
2,478,600,510
57,606
61,903
119,509
1894.
20,810
1,212,380,548
1,295,030,753
2,507,411,300
58,260
62,231
120,491
1895
21,100
1,221,910,183
1,306,780,917
2,528,691,100
57,910
61,932
119,842
1896.
21,883
1,294,286,963
1,335,829,192
2,630,116,155
59,146
61,044
120,190
1897.
22,187
1,410,237,599
1,322,421,509
2,732,659,108
63,561
59,603
123,164
1898.
22,113
1,444,093,841
1,466,801,386
2,910,895,227
65,305
66.332
131,637
1899.
23,159
1,470,336,197
1,464,789,415
2,935,125,612
03,488
63,249
126,737
1900
23,177
1,543,987,540
1,505,005,995
3,048,393,535
66,617
64.935
131,552
1901.
24,248
1,629,349,966
1,624,861,664
3,254,211,630
67,195
67,010
134,205
NOTE. — The differences in this statement, for group 2, as compared with the MANUALS previous to 1899, are
the result of the elimination of the statistics of elevated railroads in New York State.
GROUP 3. — Central Northern States : Ohio, Michigan, Indiana, Illinois and Wisconsin ;
1889.
47,663
1,172,711,616
1,321,805,175
2,494,516,791
24,604
27,733
52,337
1890.
47,625
1,193,013,756
1,343,845,703
2,536,859,459
25,050
28,217
53,267
18!)1 .
48,136
1,192,877,926
1,373,827,609
2,566,705.535
24,781
2S.541
58,322
1892.
50,466
1,191,399,741
1,411,788,343
2,603,188,084
23,608
27,975
51,583
1893
51,518
1.233,567,203
1,476,470,571
2,710,037.774
23,944
28,659
52,603
1891.
51,735
1,255,643,632
1,516,342,975
2,771,976,607
24,271
29,310
53,581
1895.
52,253
1,264,971,040
1,527,253.032
2,792,224,072
24,209
29,228
53,437
1896.
52,056
1,218,242,422
1,417,464,035
2,635,706,457
23,403
27,230
50,633
1897.
52,336
1,219,448,960
1,429,305.032
2,648.753,992
23,300
27,310
50,610
1898.
52,824
1,211,135,795
1,428,924,595
2,640,060,390
22,927
27,050
49,977
1899.
52,872
1,244,431,393
1,419,982,689
2,6'J4,414,082
23,537
26,857
50,394
1900
54,012
1,241,312,667
1,447,396,939
2,r,8.s,709,606
22,982
26,797
49,779
1901.
55,116
1,324,530,672
1,453,365,354
2,777,896,026
24,032
26,369
50,401
GROUP 4.— South Atlantic States : Virginia, West Virginia, North Carolina, South Caro-
lina, Georgia and Florida :
1889.
15,847
340,549,706
302,089,363
642,639,069
21,490
19,063
40,553
1890.
17,077
359,927,611
336,961, 930
696,889,541
21,077
19,731
40,808
1891.
17,871
374,547,286
349,892,314
724,439,600
20,954
19,580
40,534
1892.
18,658
377,150,170
381,411,607
758,561,777
20,214
20,442
40,656
1893.
18,996
384,864,615
304,054.946
778,919,561
20,260
20,744
41,004
1894
19.619
372,594,953
396,814,663
769,409.621
18,992
20,226
39,218
1895.
20,907
518,720,806
433,535,957
952,256,763
24,810
20,736
45.546
1896
21,160
511,958,952
442,035,774
953,994,726
24,199
20,895
45,094
1897.
21,806
536,032,574
429.261,801
965,294,375
24,582
19,685
44,267
1898.
22,076
53tt,!>24,343
433,774,615
970,698,958
24,322
19,649
43.971
1899.
21,918
525,965,878
438,068,038
964,033,916
23,997
19,987
43,984
1900.
23,170
553,982,383
437,936,621
991,919,004
23,909
18,901
42,810
1901.
24,455
607,139,772
494,658,980
1,101,798,752
24,827
20,237
45,054
Vlll
GROUP 5. — Oulfand Mississippi Valley States: Alabama, Mississippi, Kentucky, Ten-
nessee and Louisiana :
STOCK AND BOND LIABILITIES.
LIABILITIES PEB MILE RAILROAD.
YlAR.
RAILROAD
OWNED.
Capital Stock.
Bonded Debt.
Total Stock and
Bonds.
Stock
per Mile.
Bonds
per Mile.
Stock and Bonds
per Mile.
Miles.
$
$
$
$
$
$
1889. . .
11,137
262,290,267
323,000,759
585,291,026
23.551
29,002
52,553
1890. . . .
11,403
265,455,070
318,396,348
583,851,418
23,279
27,922
51,201
1891....
12,069
306,024,869
848,064,425
654,089,294
25,356
28,a39
54,195
1892....
12,069
309,435,371
369,758,952
679,194,323
25,638
30,637
56,275
1893....
12,319
311,562,994
371,667,249
683,230,243
25,291
30,170
55,461
1894....
12,528
800,281,568
362,619,388
662,900,956
23,969
28,945
52,914
1895....
11,548
264,975,837
345,724,557
610,700,394
22,946
29,938
52,884
1896....
11,527
246,348,487
322,514,017
568,862,504
21,371
27,979
49,350
1897....
11,900
247,782,232
311,210,685
558,992,917
20,822
26,152
46,974
1898....
11,504
218,950,806
814,872,461
533,823,267
19,032
27,370
46,402
1899....
11,945
216,551,313
310,101,209
526,652,522
18,129
25,960
44.089
1900....
11,960
202,661,277
304,815,828
507,477,105
16,944
25,486
42,430
1901....
11,696
199,502,077
272,084,386
471,586,463
17,057
23,263
40,320
GBOTJP 6. — Southwestern States: Missouri, Arkansas,
Mexico, Oklahoma and Indian Country :
Texas, Kansas, Colorado, New
1889....
30,706
693,610,736
719,843,753
1,413,454,489
22,589
23,443
46,032
1890....
31,724
764.192,260
905,122,912
1,669,315,172
24,089
28,531
52,620
1891....
32,168
816,413,313
914,906,748
1,731,320,061
25,380
28,410
53,790
1892....
31,437
808,506,778
930,135,360
1,738,642.138
25,718
29,587
55,305
1893....
32,156
820,631,273
938,623,790
1,759,255,163
25,521
29,190
54,711
1894. . . .
32,227
801,406,019
937,726,768
1,739,132,787
24,888
29,098
53,966
1895....
32,698
818.988,462
937,375,528
1,756,363,990
25,047
28,668
53,715
1896...
32,927
968,701,017
867,402,712
1,836,103,729
29,420
26,343
55,763
1897.. .
33,263
980,441,896
896,197,330
1,876,639,226
29,475
26,943
56,418
1898....
34,382
914,565,270
851,777,983
1,766,343,253
26,600
24,773
51.373
1899....
35,132
930,189,966
878,867,044
1,809,057,010
26,471
25,016
51,487
1900....
35,642
920,435,273
892.351,347
1,812,786,620
25,824
25,036
50,860
1901....
36,058
939,545,596
908,598,817
1,848,144,413
26,056
25,198
51,254
GROUP 7. — Northwestern States :
Dakota, Wyoming and Montana :
Iowa, Minnesota, Nebraska, South Dakota, North
1889...
19,756
409,208,838
560,378.182
969,587,020
20,713
28,36E
49,078
1890....
19,925
401,201,957
558,038,000
959,239,957
20,136
28,007
48,143
1891....
21,430
427,846,391
618,158.7'06
1,046,005,097
19,965
28,845
48,810
1892 ...
21,791
433,499,523
624,571,531
1,058,071,054
19,893
28,662
48,555
1893....
23,108
477,553,352
627,269,591
1,104,822,943
20,666
27,145
47,811
1894....
23,487
477,533,059
642,709,562
1,120,242,621
20,332
27,365
47,697
1895....
23,421
481,826,613
633,533,032
1,115,359,645
20,572
27,050
47,622
1896....
23,516
491,906,865
629,239,897
1,121,146,762
20,918
26,758
47,676
1897. . . .
23,542
555.696,245
650,238,590
1,205,934,835
23,604
27,620
51,224
1898....
23,702
618,971,376
637,795,678
1,256,767,054
26,049
26,841
52,890
1899....
24,430
697,024,815
633,005,833
1,330,030,648
24,438
25,915
50,353
1900....
25,218
680,172,883
621,287,369
1,301,460,252
20,971
24,636
51,607
1901....
26,620
656,328,168
734,916,964
1,391,245,132
24,655
27,608
52.263
GROUP 8. — Pacific States
Idaho :
California, Oregon, Washington, Nevada, Arizona, Utah and
1889...
8,804
296,31 2,938
238,470,676
534,783,614
33,656
27,087
60,743
1890....
9,181
293,422,348
248,558,437
541,980,785
31,960
27,073
59,033
1891....
9,433
322.270,934
261,227,071
583.498,005
34,164
27,693
61.8W
1892....
10,008
316,931,330
270,732,472
587,663.802
31,667
27,051
58,718
1893...
9,502
329,845,480
255,860,785
585,706,265
34,713
26,927
61,640
1894...
10,407
326.302,721
284,355,053
610,657,774
31,354
27,323
58,677
1895....
10,497
322,700,531
287,069,768
609,770,299
30,742
27,348
58,090
1896....
10,847
336,651.061
280,064,813
616,715,874
31,036
25,820
56,856
1897. . . .
10,993
364,393,352
296,31 8,.r>73
660.711,925
33,148
26,956
60,104
1898....
10,635
349,783,971
293,116.813
642,900,784
32,889
27,561
60,450
1899....
10,666
364,642,064
293,716,146
658,358,210
34,187
27,547
61,784
1900. . . .
11,225
368,514,101
342,354,270
710,868,371
32,829
30,499
63,328
1901....
9,761
333,562,948
821,424,691
654,987,639
34,173
32,930
67,103
STATISTICS OF PASSENGER TRAFFIC FOR THIRTEEN TEARS, 1889-1901.
Statement showing the length of road operated, passenger statistics, earnings, etc.,
of all the railroads iu the United States from 1889 to 1901, inclusive :
etc.,
a
*.
PASSENGER TRAFFIC.
PASSENGER EARNINGS.
i C>
no m a>
* «=
1§
SB
*.s
5?J
^ « S
3 .
i
«1
B£
Ave Re-
°«2
°l'i
S'S
£
.d p,
l§ S
Pass'ng'rs
Passenger
Gross
ceipts
Av.Rec.
p. Pass.
Av.Rec.
K i^
1; fc^
S? si
1
8g
|1
Carried.
Movement.
Amount.
p. Pass.
p. Mile.
per
Pass.
Train
Mile.
p. Mile
of RR.
|1*
ill
|ll
jl/ifes.
Miles.
No.
Miles.
$
Cents.
Cents.
Cents.
$
No.
Miles.
Mies.
1889
153,689
279,085,145
494,808,421
11,964,726,015
259,439,231
2.169
52.44
92.96
1,688
3,219
42.87
24.18
1890
157,976
297,244,707
520,439,082 12,521,565,649
212,320,961
2.174
52.13
91.61
1,724
3,294
42.12
24.05
1891
164,262
320,712,013
556,015,802 13,310,925,239
290,799,696
2.184
52.30
90.67
1,770
3,385
41.52
23.95
1892
170,607
323,930,550
575,769,678
13,584,343,804
293,557,476
2.168
50.99
90.62
1,721
3,375
41.93
23.59
1893
173,361
338,551,608
597,056,539 14,979,847,458
310,442,870
2.072
52.00
91.70
1,791
3,444
44.25
25.09
1894
176,221
325,981,869
569,600,216
13,600,531,635
275,35^,190
2.025
48.34
84.47
1,563
3,233
41. "2
23.87
1895
179,154326,184,596
529,756.250
12,609,082,551
260,929,741
2.009
49.25
79.99
1,456
2,957
38. t6
23.88
1896
180,891
337,641,115
535,120,750 13,054,840,243
265,313,258
2.032
49.58
78.58
1,467
2,958
38.66
24.40
1897
180,621
342,464,408
504,106,205
12,494,958,000
253,557,936
2.029
50.30
74.04
1,403
2,791
36.49
24.78
1898
183,216
344,761,142
514,982,888 13,672,497,664
272,589,591
1.994
52.93
79.07
1,488
2,811
39.66
26.55
1899
185,550
855,106,a33
537,977,301
14,859,541,965
297.559,712
2.002
55.31
83.79
1,604
2,899
41.84
27.63
1900
190,694 373,226,581
584,695,935
16,313,284,471
331,402,816
2.031
56.67
88.79
1,738
3,0fi6
43.22
27.90
1901
193,823
391,543,708
600,485,790
17,789,669,925
360,702,686
2,028
60.07
92.12
1,861
3,098
45.43
29.63
NOTE. — The mileage operated in 1897-1901, as above, is exclusive of switching railroads, which in
1897 were 741.37 miles, in 1898. 338.85 miles, in 1899, 310.61 miles, in 1900, 350.72 miles, and in 1901, 462.28 miles;
these roads not reporting details of passenger traffic or earnings, as also the mileage of railroads doing a freight
business exclusively. (See class 3 in table on p. iii. For the same reason the mileage of switching railroads is
omitted from the group tables following.
STATISTICS OF PASSENGER TRAFFIC, BY GROUPS OF STATES, 1889-1901.
GROUP 1. — New England States: Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island and Connecticut :
1889
6,830
26,932,756
109,177,455
1,646,207,084
32,443,917
1.97
29.72
120.46
4,750
15,956
61.16
15.08
1890
7,011
28,127,218
111,841,063
1,743,129,541
33,421,885
1.92
29.88
118.82
4,767
15,810
61.97
15.59
1891
7,316
29,788,328
118,502,901
1,837,802,340
34,740,209
1.89
29.32
116.63
4,749
16,198
61.70
15.51
1892
7,332
31,298,204
123,960,648
1,902,487,160
36,291,555
1.91
29.28
115.95
4,950
16,907
60.79
15.35
1893
7,139
32,438,002
128,098,322
1,980,217,796
34,937,084
1.76
27.27
107.70
4,894
17,943
61.03
15.46
1894
7,452
31,097,374
128,545,855
1,842,924,000
34,462,989
1.87
26.81
110.82
4,625
17,250
59.26
14.34
1895
7,659
30,266,737
116,069,178
1,856,21)3,608
34,224,725
1.84
29.48
113.07
4,468
15,155
61 .33
15.99
1896
7,745
31,856,978
118,140,043
1,964,810,063
30,237,100
1.84
30.67
113.75
4,679
15.254
61.68
16.63
1897
7,583
31,485,978
109,064,367
1,853,911,708
34,410,597
1.86
31.55
109.29
4,538
14,382
58.88
17.00
1898
7,571
32,105,934
108,238,031
1,859,725,610
34,050,282
1.83
31.46
106.05
4,497
14,296
57.92
17.17
1899
7,752
32,824,322
108,153,748
1,899,878,260
34,628,658
1.82
32.01
105.49
4,467
13,952
57.82
17.56
1900
7,850
33,704,744
115,533,553
2,065,369,796
37,441,242
1.81
32.40
111.08
4,770
14,718
61.2i
17.87
1901
7,943
33,846,556
115,727,357
2,079,323,638
37,605,275
1.81
32.49
111.15
4,734
14,570
61.43
17.97
GROUP 2. — Middle States: New York, New Jersey, Pennsylvania, Delaware and Maryland :
1889
18,951
74,630,419
190,284,803
3,324,420,977
67,001,94.
2.02
35.21
89.78
3,536
10,041
44.55
17.31
1890
19,314
79,399,847
208,578,403
3,522,178,739
70,539,447
2.02
33.81
88.84
3,652
10,799
44.36
16.89
1891
19,694
83,604,415
221,138,953
3,850,100,826
72,857,127
1.89
32.95
87.15
3,699
11,229
46.05
17.41
1892
19,876
81,518932
223,861,314
3,825,271,220
71,903,150
1.88
32.12
88.20
3,618
11,263
46.92
17.09
1893
20,413
87,115,499
234,401,194
4,1^8,610,368
77,051,424
1.87
32.87
88.45
3,775
11,483
47.39
17.61
1894
20,772
83,377,141
210,041,569
3,742,672,678
69,954,308
1.87
33.30
83.90
3,320
10,112
44.89
17.82
1895
21,890
88,570,409
209,847,049
3,a57,535,357
69,954,596
1.82
33.30
78.98
3,196
9,587
43.57
18.43
1896
22.288
91,655,728
206,772,751
3,791,569,013
69,584,155
1.84
33.65
75.92
3,122
9,277
41.37
18.34
1897
22,340
92,378,779
196,948,815
3,781,345,146
69,092,293
1.83
35.08
74.80
3,093
8,816
40.93
19.20
1898
22,555
94,398,765
201,170,636
3,976,849,193
71,741,506
1.80
35.66
75.99
3,181
8,919
42.13
19.77
1899
23,496
96,827,598
208,219,167
4,368,114,354
78,461,385
1.79
37.68
81.03
3,339
8,862
45.11
20.97
1900
84,542
99,2:35,062
225,183,898
4,764,067,028
86,239,673
1.81
38.29
86.90
3,514
9,175
48.00
21.15
1901
34,740
102,391,811
239,075,406
5,172,493,003
93,848,944
1.81
39.26
91.66
3,793
9,664
50.52
21.64
GROUP 3. — Central Northern States: Ohio, Michigan, Indiana, Illinois and Wisconsin:
1889
49,056
87,408,146
102,095,462
3,613,152,750
74,101,449
2.05
72.58
84.78
1,510
2,081
41.34
35.39
1890
50,936
91,772,418
107,316,353
3,438,232,529
75,931,950
2.28
70.55
82.74
1,490
2,106
37.46
32.01
1891
51,426
98,750,086
116,684,688
3,644,184,034
81,526,963
2.24
69.87
82.56
1,585
2,269
36.90
31.23
1892
53,168
104,226,627
126,745,771
3,895,169,404
'84,788,271
2.18
66.90
81.35
1,595
2,384
37.37
30.73
1893
53,573
109,299,941
137,576,482
4,696,203,595
96,725,843
2.06
70.31
88.50
1,805
2,568
42.97
34.14
1894
54,266
104,940,892
140,438,105
4,258,376,108
84,020,175
1.97
59.83
80.06
1,548
2,588
40.58
30.32
1895
53,733
100,281,731
113,500,394
3,458,494,352
72,161,921
2.15
63.58
71.96
1,343
2,112
33.4l>
29.59
18%
55,214
104,369,496
120,473,195
3,557,695,514
74,720,960
2.10
62.02
71.59
1,353
2,182
34.09
29.53
1897
53,751
102,814,710
111,413,808
3.336,185,242
68,749,924
2.06
61.73
60.89
1,279
2,073
32.50
29.94
1898
55,217
106,119,166
111,901,706
3,625,887,725
73,864.202
2.04
66.01
69.61
1,338
2,027
34.17
32.40
1899
1900
55,989
57,598
112,423,039 121,924,669
117,812,067 132,765,724
4,066,785,289
4,488,439,865
84,064,050
93,521,023
2.06
2.08
68.95
70.44
74.68
79.38
1,501
1,624
2,178
2,305
36.17
38.09
33.35
as. so
1901
56,641
120,942,843
124,106,364
4,931,443,510
100,390,447
2.04
80.89
83.01
1,772
2,191
40.78
39.73
GROUP 4.— South Atlantic States: Virginia, West Virginia, North Carolina, Soutli Caro.
lina, Georgia and Florida :
00 *
£ .
PASSENGER TRAFFIC.
PASSENGER EARNINGS.
S«
|s!
g i
II
^.9
^•0
Id,
s
«- ca
£
° E.S
is '^
PTS
w
2»
5 t.
Av. Re-
A T?
Av.Rec.
Av.Rec.
c £i
d ^£
S.
&0
a -
fl
*§
Pass'g'rs
Carried.
Passenger
Movement.
Gross
Amount.
ceipts
p. Pass.
per
"Pace
p. Pass.
Train
per
Mile of
Z5 D .
|||
p. Mile.
ffMBD,
Mile.
RR.
SJ £<M
> oo C
<u c a
Jll
Miles.
Miles.
No.
Miles.
$
Cents.
Cents.
Cents.
$
No.
Miles.
Miles.
1889
12,985
15,278,959
13.239,287
444,985,117
11,739,850
2.64
88.67
76.84
904
1,012
29.13
33.61
1890
14,555
18,913,729
16,878,129
617,496,133
15,723,599
2.55
93.16
83.13
1,080
1,160
32.64
36.59
1891
16,648
19,961.399
18,576,983
656,188,150
17,411.465
2.65
93.73
87.23
1,046
1,116
32.87
35.32
1892
17,612
21,125;356
19,417,336
656,472,210
17,020;521
2.59
87.66
80.57
966
1,103
31.07
as.so
1893
18,171
22,337,204
21,707,066
745,549,967
18,056,837
2.42
83.18
80.84
993
1,194
33.38
34.34
1894
19,069
22,203,091
18,142,366
627,504,970
15,116,978
2.41
83.32
67.92
837
1,005
28.19
34.59
1895
20,443
25,136,910
19,688,656
704,437,2^3
16,587,783
2.35
84.25
65.99
811
963
28.02
35.78
1896
20,849
25,500,862
20,790,674
825,832,189
17,787,761
2.15
85.56
69.75
853
997
32.38
39.72
1897
21,372
25,223,704
19,335,919
725,646,716
16,544,994
2.28
85.57
65.99
774
905
28.77
37.53
1898
21,877
25,698,466
20,786,263
820,711,279
18,430,903
2.25
88.67
71.72
842
950
31.94
39.48
1899
22,450
26,630,304
22.882,670
1,013,785,933
21,329,630
2.10
93.21
80.09
950
1,019
38.06
44.30
1900
22,582
29,539,328
24;586,497
991,211,428
23,77o,756
2.40
96.70
80.48
1,052
1,089
33.56
40.32
1901
23,498
32,177,336
26,256,777
1,084,245,995
25,702,450
2.37
97.89
78.87
1,094
1,117
33.70
45.10
GROUP 5. — Gulf and Mississippi Valley States : Alabama, Mississippi, Tennessee, Ken-
tucky and Louisiana :
1889
9,709
13,793,252
14,333,682
471,990,021
11,772,974
2.49
82.13
85.35
1,213
1,476
34.22 32.23
1890
9,569
15,335,810
16,292,472
539,058,947
13,262,094
2.46
81.40
86.48
1,386
1,703
35.10 33.09
1891
10,731
16,973,058
18,059,211
587,241,005
15,196,877
2.59
84.15
89.54
1,416
1,683
34.60 32.52
1892
11,410
16,832,507
18,031,800
587,294,225
14,388,142
2.45
79.80
85.48
1,261
1,580
34.89 32.57
1893
11,134
16,618,046
15,526,407
512,752,915
13,661,196
2.66
87.99
82.21
1,227
1,395
30.86 33.02
1894
11,667
10,422,783
13,602,939
502,389,639
12,410,997
2.47
91.24
75.57
1,003
1,166
31.20 36.93
1895
10,328
14,413,723
11,464,783
429,560,0! 9
10,381,253
2.42
90.55
72.02
1,005
1,110
29.80 37.47
1896
10,236
15,234,760
12,386,271
506,426,588
11,455,015
2.26
92.48
75.19
1,119
1,210
33.24 40.89
1897
9,940
14,574,031
11,859,847
448,717,681
10,606,518
2.37
89.70
72.77
1,067
1,193
30.79 37.84
1898
9,650
13,825,607
11,911,999
494.382,672
10,897,102
2.20
91.48
78.82
1,129
1,234
35.76 41.50
1899
9,396
13,878,090
12,118,319
509,424,326
11,697,850
2.29
96.53
84.29
1,244
1.290
36.70 42.03
1900
9,667
13,764,244
14,161,602
503,737,387
12,036,831
2.39
85.00
87.45
1,245
1,465
30.60 35.57
1901
10,450
15,119,525
15,794,531
567,550,353
13,853,283
2.44
87.71
91.65
1,326
1,511
37.54 35.93
GROUP 6. — Southwestern States:
Mexico and Indian Country :
Missouri, Arkansas, Texas, Kansas, Colorado, New-
1889
28,076
30,559,937
23,066,354
987,061,265
25,701.712
2.60
111.42
48.10
916
821
32.29
42.79
1890
28,356
29,234,851
23,460,718
1,050,889,019
27,709,545
2.64
118.08
94.78
977
828
35.95
44.78
1891
29,828
32,622,104
23,620,082
1,080,625,228
28,912,743
2.68
122.41
88.63
969
792
33.13
45.75
1892
30.313
32,826,414
22,609,460
1,023,658,060
28,018,093
2.80
126.24
87.18
944
748
31.18
45.16
1893
30,777
34.892,900
22,359,085
1,154,072,800
29,357,108
2.54
131.30
84.13
954
727
33.07
51.53
1894
30,591
34,532,078
21,TO2,492
1,153,500,067
25,864,175
2.24
119.73
74.90
845
706
33.41
53.40
1895
31.744
35,101,54:)
24,472,525
1,086,787,708
25,336,364
2.33
103.49
72.18
798
770
30.96
44.41
1890
31,046
35,827,204
21,388,022
1,055,307,944
24,730,744
2.34
115.63
69.03
797
689
29.46
49.34
1897
31,713
35,053,313
19,165,977
1,006,772,880
23,679.467
2.35
123.50
06.42
747
604
28.24
52.53
1898
31,301
35,531,093
21,208,882
1,172,643.432
26,777,597
2.28
126.21
75.36
855
678
33.00
55.30
1899
31,921
35.466,735
22,777,257
1,212,185,255
28,290,641
2.33
124.23
79.78
886
714
34.17
53.21
1900
32,544
39,135,736
26,407,555
1,384,999,933
32,223,086
2.33
122.02
82.34
990
811
35.39
52.45
1901
32,936
42,028,048
28,297,111
1,604,398,599
37,618,500
2.34
132.94
89.51
1,142
859
38.17
56.60
GROUP 7. — Northwestern States : Iowa, Minnesota, Nebraska,
Dakota, Wyoming and Montana :
North Dakota, South
1889
19,700
19,413,658
14,462,305
812,851,723
20,770,141
2.56
141.17
106.99
1,054
734
41.66
56.21
1890
20,859
24,206,739
16,370,723
993,442,025
22,091,177
2.21
134.89
91.26
1,059
785
41.04
60.66
1891
20,299
23,81)1,633
16,831,634
973,961,021
2-2,635,002
2.32
134.48
94.74
1,115
829
40.77
57.86
1892
22,064
24,418,617
17,217,443
989,370,139
22,970,126
2.32
133.45
94.09
1,041
780
40.52
57.46
1803
21,882
24,384,38?
16,026,107
967,306,722
22,311,636
2.31
139.22
91.50
1,020
732
39.67
60.36
1894
22,385
21,200.282
11,8S3.332
725,996.353
16,861.125
2.32
141.89
79.53
736
519
34.72
61.09
1895
22,507
20,516.552
11,240.137
652,191,733
15,869,787
2.43
141.19
77.35
705
499
31.79
58.02
1896
22.428
20.701,954
11,337.720
663,829,160
10.781.139
2.53
148.01
81.06
748
506
32.07
58.55
1897
21,<)94
20,7;8,543
11,156,023
628,164.721
15,581.041
2.48
139.66
.58.15
708
507
23.46
56.31
1898
22.859
22,798,635
13,029.641
873,778,643
19,971,228
2.28
153.28
87.60
874
570
38.33
67.06
1899
22,582
23.758,88*
13,921,719
950,770,493
21,589,869
2.27
155.08
90.87
956
616
40.01
68.29
1900
23,326
25,201,911
15.725,012
1,088,644,023
25,394.633
2.33
161.49
100.77
1,089
674
43.12
69.23
1901
25,199
29,288,290
17,991,560
1,247,592,567
29,142,279
2.34
161.98
99.46
1,156
771
42.60
69.34
XI
GROUP 8. — Pacific States : Washington, Oregon, California, Nerada, Arizona, Idaho
and Utah :
i ** .
«• .
!*•
i ASSENGER
TRAFFIC.
PASSENGER EARNINGS.
||
o
o
- '-
,
K 0
ir's
"•• fe'0'
*•— a
3 a .
8
a
CEH
°o,g
°.S|
51? g,
H
"5 2
B
£g
• -• 00
Pass'g'rs
Carried.
Passenger
Move-
ment.
Gross
Amount.
Av. Re-
ceipts
p. Pass.
Aver.
Rec.
per
Aver.
Rec. p.
Pass.
Train
Aver.
Rec. p.
Mile of
• rf, j+4
>. OQ O
verage
Travel!
Passen
h-l
s
p. Mile.
Pass.
Mile.
RR.
**
<
Miles.
Miles.
No.
Miles.
$
Cents.
Cents.
Cents.
$
No.
Miles.
Miles.
1889
8,381
11,068,018
20,856,095
664,056,178
15,907,239
2.40
76.37
143.73
1,898
2,488
60.00
31.84
1890
7,376
10,254,095
19.695,219
617,138,716
13,641,264
2.21
69.36
133.03
1,850
2,670
60.18
36.96
1891
8,319
15,120,990
22,601,350
686,822,029
17,518,350
2.55
77.51
115.85
2,106
2,717
45.42
30.39
1892
8,836
11,683,893
33,865,906
704,621.386
17,571,618
2.49
73.03
150.39
1,989
2,701
60. 11
29.52
1893
10,273
11,465,629
32,561,876
695,133,205
18,341,742
2.78
81.30
159.97
1,785
3,196
60.63
30.81
1894
10,518
12,148,228
25,403,558
746,627,820
16,661.443
2.23
65.58
137.15
1,584
3,415
61.46
29.39
1895
10,849
11,896,989
23,473,637
663,811,891
16,413,312
3.47
69.92
138.20
1,513
3,163
55.80
28.28
1891
11,086
12,494,127
23,832,074
689,369,762
14,016,384
2.03
58.81
112.18
1,264
3,150
55.18
28.93
181)7
11,937
13,555,345
25,161,796
714.213,900
14,864,379
2.08
59.08
109.66
1,246
3,110
52.69
28.38
1898
12,194
14,282,8:6
26,735,130
848,519,110
16,856,701
1.99
63.05
118.03
1,382
3,193
59.41
31.74
1899
11,964
13,297,857
27,979,752
838,592,055
17,492,139
2.09
62.52
131.54
1,462
3,a39
62.31
29.97
1900
1901
12,585
12,416
14,833,489
15,749,305
30,332,094
33,236,684
1,026,480,011
1,102,622,260
20,770,573
22,541,508
2.02
2.04
68.44
67.82
141.38
143.12
1,650
1,816
2,410
2,677
69.22
70.01
33.84
33.17
STATISTICS OF FREIGHT TRAFFIC FOR THIRTEEN YEARS, 1889-1901.
Statement showing the lenglh of the road operated, freight statistic!?, earnings, etc.,
etc., of all the railroads in the United States from 1889 to 1901, inclusive :
00
«'«
>,D
FREIGHT TRAFFIC.
FREIGHT EARNINGS.
0.2^
lia
g
3
«.2
-5*
|l
£||
•sll
ttg
H
S&
f.J3
Av. Re-
Ave
Av.Re.
Av.Re.
£fo<5
O ft.S
2 fe
r*
wo
a.S"
Freight
Freight
Gross
ceipts
Rec.
p.Fre't
per
<5 °»«
^ "H
gs,
QJ_g
S *•
Carried.
Movement.
Amount.
p. Ton
per
Train
Mile of
•SiH °
BS
-1
p.Mile.
Ton.
Mile.
RR.
<*
Miles.
MUtt.
Tons.
Miles.
$
Cents.
Cents.
Cents.
$
Tons.
Miles.
Miles.
1889 153,689 429,409,737
619,165,630
68,677,276,993
665,962,331
0.970
107.55
155.06
4,333
4,029
159.91
110.90
1890 157,976 482,900,422
691,344,437
79,192,985,125
734,821,733
0.927
106.28
152.17
4,651
4,376
163.99
114.55
18911164,268498,541,969
704,398,009
81,210,154,523
754,185,910
0.929
107.07
152.81
4,591
4,288
164.55
115.29
1892 170,607 523,831,458
730,605,011
84,413,197,130
794,520,500
0.941
108.74
151.67
4,657
4,282
161.14
115.53
1893 173..361 53!. 340,754
757.464,4-0
90,552,087,290
808,494,608
0.893
106.74
152.16
4,663
4,369
170.42
119.55
1894 176,221 475,789,885
674,714,747
82.319,900,498
700,477,409
0.864
103.80
147.22
3,975
3,839
172.81
121.86
189S 179,154 491,410,820
755,799,883
SS.567,770,801
743,784,451
0.839
97.38
151.36
4,151
4,263
180.23
115.96
18.16 1*0,891 497,248,296
778,868,716
98,885,868,684
770,424,013
0.821
99.55
154.94
4,259
4,278
188.81
121.32
1897 181,005 500,326,372
788.3*5.448
97,S 12,569,150
780,351,930
0.797
98.99
157.77
4,310
4,354
195.56
124.33
1898 184,117 542,824,509 912,973,833
114,566,173,191
868,934.526
0.758
95.18
160.09
4,719
4,959
211.06
135.50
1899 180,224 534,391,846! 975,789,941
126,991,703,110
932,436,314
0.726
94.53
172.61
4,953
5,240
237.64
130.04
1900 191,455 513,667.388 1,071,431,919
141,102,109,413
1,052.835,811
0.746
98.30
204.95
5,499
5,596
274.79
131.80
1901 194,455 505,468,619 1,0*4,066,451
148,959,303,492
1,126,267,052
0.758
103.89
222.82
5,792
5,575
294.70
137.41
NOTE.— The mileage of switching roads in 1897-1901 is omitted from the figures of mileage operated in those
years in above and following tables, also mileage of railroads used for passenger traffic exclusively, for the same
reasons as stated under the table of passenger traffic statistics on page ix.
STATISTICS OF FREIGHT TRAFFIC, BY GROUPS OF STATES, 1889-1901.
GROUP 1. — New England States : Maine, New Hampshire, Vermont, Massachusetts,
Rhode Island and Connecticut :
1889
6,830
21,171,725
38.080,825
2,503.328,822
36,630,576
1.46
96.95
173.02
5,363
5,576
118.24
65.74
1890
7,011
23.741,034
41,294,970
2,865,747,971
39.337,594
1.37
95.25
165.78
5,611
5,890
130.77
69.40
1891
7,316
24,701,694
42,577,879
2,922,201,512
39,700,748
1.36
93.24
160.72
5,427
5,830
118.30
68.63
1892
7,332
26,074,558
44,561,771
3,151,501,800
41,575,308
1.32
93.30
159.45
5,670
6,078
120.87
70.72
1893
7,139
26,984,4:38
45,'182,595
3,320,281,850
41,194,428
1.24
91.17
152.66
5,770
6.329
123.04
73.49
1S94
7,452
24,127,056
38,667,797
3.0-,>2,670,079
37,841,474
1.25
97.86
156.85
5,078
5,188
125.28
78.17
1805
7,659
24,115,550
42,183,249
3,374,290,496
41,725,803
1.24
98.89
173.02
5,453
5,508
139.51
79.99
1896
7,745
24,399,305
44,959,252
3,690,748.399
45,090,929
1.23
100.29
184.80
5.822
5,805
151.26
82.09
1897
7,574
23,647,747
43.921,712
3,640,996,782
43,963,134
1.31
100.09
ia5.91
5,804
5,799
153.97
82.90
1898
7,565
23,408,560
46,474,379
3,802,967,004
45,441,028
1.19
97.78
194.12
6,007
6,143
162.46
81.83
1899
7,744
23,443.918
48,391,995
4,102,738,778
46,386,885
1.14
95 81
197.87
5,990
6,349
175.00
84.78
1900
7,841
24,478.304
54,337,876
4,506,760.217
52,156,411
1.16
95.98
213.06
6,652
6,930
184.10
82.94
1901
7,934
21,754,515
52,025,838
4,536,282,349
52,685,934
1.16
101.27
242.18
6,641
6,557
205.82
87.19
Xll
land
GROUP 2. — Middle States : New York, New Jersey, Pennsylvania, Delaware and Mary-
3*
^3
FREIGHT TRAFFIC.
FREIGHT EARNINGS.
«w
llo •
1
K.2
o 2
o?5 a
EH gs
J2 •
K n
s
*o 2
CgH
Av. Re-
Av.Rec.
Si
"ofeS
£
•a P.
fo
g a
ooS
JJ ob
Freight
Carried.
Freight
Movement.
Gross
Amount.
ceipts
per Ton
per
Mile.
Av.Rec.
per
Ton.
per
Freight
Tram
Mile.
Av.Rec.
per
Mile of
RR.
a; p. -^-
OP..S
Is,
Miles.
Mfes.
Tons.
Miles.
$
Cents.
Cents.
Cents.
$
Tons.
Miles.
Miles.
1889
1890
18,951
19,314
122,402,634
134,394,564
262,296,507
292,580,992
23,415,238,070
25,686,471,509
190,175,956
203,904,474
0.81
0.79
72.50
69.69
155.37
151.72
10,035
10,557
13,841
15,149
191.29
191.13
89.27
87.79
1891
19,694
131,997,001
294,964,375
26,358,758,047
206,731.337
0.78
70.09
156.62
10,497
14,977
199.69
89.36
1892
19,876
136,832,383 204,629,596
26,237,179,143
201,198,368
0.76
68.29
147.04
10,122
14,823
191 ! 75
89.05
1893
20,413
137,928,730
315,089,597
28,887,253,286
220,806,201
0.77
70.08
160.09
10,817
15,436
209.44
91.68
1894
20,772
125,116,691
280,077,456
25,807,922,183
192.043,617
0.74
68.57
153.49
9,255
13,483
206.27
92.15
1895
1896
21,890
22,288
145,432,315
149,047,118
337,037,563
335,920,897
30,193,788,205 212,957,545
31,374,153,337214,165,200
0.71
0.68
63.19
63.75
146.43
147.26
9,729
9,609
15,397
15,072
207.62
210.50
89.52
93.40
189?
22.535
151,589,704
355,400,228
36,502,496,718211,154,149
0.58
59.41
139.29
9,370
15,771
240.80
102.71
1898
22,721
161,120,709
385,055,821
37,409,191,478 228,475,132
0.61
59.33
141.80
10,056
16,947
233.18
97.15
*1899
23,665
155,230,999
409,314,282
43,624,668,834 249,173,084
0.57
60.88
160.55
10,529
17,296
281.09
106.58
*1900
1901
24,710
24,922
134,414,172
126,774,999
443,573,134
457,257,212
46,956,450,339288,463,827
49,539,289,785 308,695,171
0.61
0.62
65.03
65.32
214.61
243.50
11,674
12,386
17,951
18,348
349.49
390.77
105.86
108.34
* See note A on page iv.
GROUP 3. — Central Northern States : Ohio, Michigan, Indiana, Illinois and Wisconsin :
1889
49,057
149,014,804
183,938,648
24,909,317,676
201,345,358
0.81
109.46
135.12
4,104
3,749
167.16
135.42
1890
50,936
165,501,935
204,659,671
27,891,074,351
221,857,561
0.81
108.40
134.05
4,356
4,018
168.52
136.28
1891
51,426
168,769,772
204,432,378
27,567,895,061
222,837,762
0.79
09.00
132.04
4,333
3,975
163.35
134.85
1892
53,163
188,001,230
225,591,493
29,770,313,508
249,122,598
0.81
110.43
132.51
4,686
4,243
158.35
331.96
1893
53,573
187,995,717
226,119,750
30,555,874,626
244,269,835
0.83
108.03
129.93
4.560
4,202
162.53
135.13
1894
54,266
164,396,192
199,697.964
27,411,352,304 208.002,892
0.80
104.16
126.53
3.S33
3,680
166.74
137.26
1895
53,733
156,364,371
215,734,762
28,714,735,510|214,422,454
0.76
199.40
137.13
3,990
4,015
183.64
133.10
1896
55,214
159,662,124
221,646,928
30,127,929,090:228,154,303
0.74
02.94
142.90
4,132
4,014
188.70
135.93
1897
53,809
155,340,134
224,298,857
30,355,449,324
221,321,044
0.76
198.67
142.48
4,106
4.161
195.41
135.33
1898
55,805
1?'2,633,408
265,812,805
35,924,181,411
252,243,521
0.73
94.87
146.17
4,520
4,763
213.89
135.15
1899
56,388
177,200,546
290,253,294
40,139,790,005
272,515,230
0.70
93.87
153.79
4,833
5,147
226.52
1:58.27
1900
58,087'
171,139,373
320,631,700
44,160,931,7501306,045,487
0.69
95.45
178.83
5,269
5,520
258.04
137.73
1901
5T,014
166,959,714
312,392,771
45,992,424,123
315,490,927
0.69
100.99
188.96
6,534
6,579
375.47
147.23
GROUP 4. — South Atlantic States : Virginia, West Virginia, North Carolina, South Caro-
lina, Georgia and Florida :
1889
12,985
22,390,372
26,220,032
2,920,844,642
32,159,860
1.10
122.65
143.63
2,477
2,019
130.45
111.40
1890
14,555
27,412,441
35,185,795
3,921,778,147
40,563.011
1.03
115.22
147.97
2,7'87
2,417
143.07
111.46
1891
16,648
28,243,442
37,119,057
4,397,099,189
42,829,544
0.97
115.38
151.64
2,573
2,230
155.69
118.46
1892
17,612
28,565,463
38,232,507
4,701,598,130
43,697,868
0.93
114.30
152.97
2,481
2,171
164.59
122.97
1893
18,171
31,148,462
43,313,634
5,389,055,229
46,286,082
0.86
106.86
148.60
2,547
2,384
173.01
124.42
1894
18,069
31,710,925
43,174,794
5,518,433.335
44,572,577
0.80
103.24
140.56
2,467
2,389
174.02
130.13
1895
20,443
37,056,592
45,800,646
6,216,071,981
49,054,174
0.79
107.10
132.37
2,400
2,240
167.74
135.72
1896
20,849
35,519,648
48,476,089
6,871,752,640
51,607,677
0.76
106.46
145.30
2,475
2,325
193.46
141.76
1897(21,414
33,476,636
48,550,606
6,879,857,138
52,602,696
0.76
108.35
157.13
2,456
2,267
205.51
141.70
1898
21,971
38,083,328
57,432,009
8,680,102,959
60,562,519
0.70
105.45
159.03
2,757
2,6141227.92
151.13
1899
22,519
38,215,864
65,473,790
9,187,215,950
62,912,488
0.68
96.09
164.61
2,794
2,907
240.38
140.33
1900
22,625
40,350,371
65,547,112
10,598,796,262
72.835,552
0.69
111.14
180.51
3,219
2,897
262.67
161.69
1901
23,517
42,670,132
66,032,636
11,244,836,128
81,875.392
0.73
123.99
191.88
3,482
2,808
263.52
170.29
GROUP 5. — Gulf and Mississippi Valley States : Alabama, Mississippi, Kentucky, Ten-
nessee and Louisiana :
1889
9,709
21,692,537
32,197,406
3,127,783,146
33,537,473
1.07
104.16
154.60
3,354
3.316
144.19
97.14
1890
9,569
24,267,858
36,780,161
3,618,298,877
37,505,906
1.04
101.97
154.55
3,920
3,844
149.98
98.38
1891
10,731
27,003,127
41,127,498
4,016,569,963
40,519,042
1.01
98.52
150.06
3,776
3,833
148.74
97.66
1892
11,410
27,715,121
35,145,153
4,308,470.432
41,821,081
1.19
95.33
150.90
3,665
3,080
155.46
122.59
1893
11.134
26,394,614
32,860,223
4,135,336,614
40,137,972
0.97
122.15
152.07
3,605
2,951
156.67
125.85
1894
11.667
24,319.273
29,007,647
3,970,030,148
35,671,107
0.90
122.97
146.68
3,057
2,486
165.25
163.86
1895
10,329
21.655,225
26,779.193
3,679,608.606
3-3,794,960
0.89
122.46
151.44
3,175
2,592
169.92
137.37
1896
10,236
22,907,766
30,004,706
4,023,784,522
34,684,285
0.86
115.60
151.41
3,388
2,931
175.65
134.11
1897
9,938
23,590,609
30,761,251
4,181,953,021
35,499,124
0.85
115.40
150.48
3,572
3,095
177.27
135.95
1898
9,648
23.374,359
32.698,730
4,514,509,458
36,857,186
0.81
112.71
157.68
3,820
3.389
103.13
138.06
1899
9,428
24,332,310
33,734,596
4,813,299,663
38,361,664
0.80
113.73
15?.66
4,069
3.578
197.83
142.70
1900
9,694
26,197,502
40,391,899
5,709.612.838
47,348.395
0.83
117.22
180.74
4,884
4,167
217.94
141.35
1901
10,483
27,633,818
42,699,014
6,048,232,592
49,461,700
0.82
115.92
178.99
4,718
4,070
218.87
141.75
Xlll
GBOUP 6. — Southwestern States: Missouri, Arkansas, Texas, Kansas, Colorado, New
Mexico and Indian Country :
QD
«d
£.a
FREIGHT TRAFFIC.
FREIGHT EARNINGS.
*o <u
•~ T3
CJ3
o y>tu
§ .
i
3
W.2
"52
c2
<§H
Gross
Av. Re-
Av.Kec.
Av.Rec.
Sag &-•£-
£7; 0 '«M *y
a, o>— ofe"*5
= §
iH
i
•a a.
HH+a
r, J3
Freight
Freight
Amount.
ceipts
Av.Rec.
p. Frei't
per
gift'3 6 c-S
1-
t*
SO
|3
Gained.
Movement.
per Ton
per
ff*r\-n
Train
Mile of
iS« fcsfl
2 £
o> p.
I'3
SI
Sfe
p. Mile.
J.U11.
Mile.
RR.
u*
*£*
<&
r
MUes.
Miles.
Tons.
Miles.
$
Cents.
Cents.
Cents.
$
Tons.
Miles.
Milet.
1889
28,076
46,867,367
37,883,431
5,638,169,998
78,596,597
1.21
207.40
167.70
2,799
1,349
120.30
148.83
1890 28,356
50,663,806
38,272.891
6,746,133.009
91,178,601
1.35
238.23
179.97
3,216
1,385
133.15
176.26
1891
29,828
55,380,187
39,127,235
6,989,199,835
94,033,099
1.35
240.33
169.80
3,153
1,312
126.20
178 64
1892
30,313
58,086,799
42,870,203
6,582,922,431
102,420,148
1.56
238.91
176.32
3,379
1,414
113.33
153.55
1893 30,777
61,515,240
45,210,460
8,317,784,934
102,971,532
1.24
227.76
167.39
3,346
1,469
135.22
183.98
1894 30,591
55,539,171
40,448,861
7,480,699,078
85,703,401
1.15
211.88
154.31
2,802
1,322
134.69
184.94
189581,744
56,238,816
43,655, T14
7,285,185,949
90,416,124
1.24
207.11
160.77
2,848
1,375
129.54
166.88
1896
31,046
54,873,333
40,367,463
7,577,986,274
86,919,606
1.15
215.32
158.40
2,800
1,300
138.10
187.72
1897 31,760
61,209,372
49,552,336
9,356,242,003
97,968,033
1.05
197.71
160.06
3,084
1,591
152 86
188.82
1898131,362
66,635,995
55,913,895
10,746,801,693
109,651,719
1.02
196.11
164.57
3,496
1,783
161.28
192.21
1899
31,934
62,287,752
56,451,679
10,848,240,128
111,027,586
1.02
196.68
178.24
3,477
1,768
174.16
192.17
1900 32,550
61,248,175
63.015,069
12,414,921,574
124,627,518
1.00
197.77
203.47
3,829
1,936
202.69
197.01
1901 1 32,952
62,486,220
71,043,379
14,195,798,907
143,499,571
1.01
201.99
229.65
4,355
2,156
227.18
199.82
GROUP 7. — Northwestern States:
Dakota, Wyoming and Montana :
Iowa, Minnesota, Nebraska, North Dakota, South
1889
19,700
31,280,850
24,240,830
4,645,434.088
58,387,672
1.26
240.86
186.66
2,964
1,231
148.51
191.64
1890
20,859
42,248,335
31,632,004
6,368,549.651
67,745,469
1.06
214.17
160.%
3,248
1,516
150.69
201.33
1891
20,299
42,036,978
33,155,532
6,748,708,493
72,155,107
1.07
217.63
171.65
3,555
1,633
160.54
203.55
1892 22,064
43,847,056
37,593,938
7,422,096,785
79,905,271
1.08
212.55
182.24
3,622
1,704
179.27
197.43
1893
21,882
44,128,277
37,148,942
7,439.931,122
76,208,054
1.02
205.14
172.70
3,483
1,698
168.82
20<».54
1894|22,885
33,741,216
30,508.547
6,105,115,988
62,894,211
1.03
206.15
186.40
2,748
1,333
180.94
200.11
1895i22,507
£3,646,854
32,918,571
6,306,714,622
65,760,741
1.04
199.83
195.43
2,922
1,462
187.44
199.77
1896
22,428
34,964,923
38,816,203
7,237,982,906
74,548,090
1.03
194.63
213.21
3,324
1,730
207.01
186.73
1897
21,995
33.766,216
39,921,519
7,252,595,347
71,958,718
0.99
180.25
213.11
3,272
1,815
214.79
181.67
1898
22,852
36,560,557
50,701,003
9,099,570,416
88,663,841
0.97
174.87
242.51
3,879
2,262
24S.89
179.47
1809
22,590
35,604,276
53,096,491
9,679,319,929
94,867,258
0.98
178.66
274.90
4,200
2,350
271.86
182.29
1900
23,370
36,861,309
61,411,037
11,193,594,012
106,673,340
0.95
173.72
289.39
4,569
2,628
303.66
182.27
1901
25.210
36,829,716
62,328,678
12,036,692,202
113,926,005
0.95
182.78
309.33
4,519
2,472
326.82
103.12
GROUP 8. — Pacific States : California, Oregon, Washington, Nevada, Arizona, Utah and
Idaho :
1889
1690
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
8,381
7,376
8,319
8,836
10,273
10,518
10,849
11,086
11,950
12,193
11,954
12,576
12,423
14. (549,343
14,670,448
15,469.768
' 14,708,848
14,307,951
10,937,953
11,894,655
11,980,350
2,017,160,540
2,094,931,600
2,209,722,423
2,239,114,900
35.128.839
32,729,117
35,378,671
34,785,858
1.74
1.56
1.60
1.55
1.47
1.16
1.31
1.18
1.18
1.07
1.03
0.97
1.11
245.52
299.23
297.43
290.36
292.05
257.00
313.53
257.80
253.02
249.03
247.41
243.67
298.44
239.80
223.09
529.59
236.50
240.21
200.41
216.86
221 .81
220.36
223.87
261.06
288.14
•297.81
4,191
4,437
4,253
3,937
3,565
3,209
3.378
3,180
3,265
3,857
3,948
4.348
4.881
1,707
1,483
1,430
1,356
1,221
1,248
1,078
1,234
1,290
1.549
1,596
1,701
1,635
137.69
142.79
143.40
152.23
163.76
173.03
165.51
187.60
1S6.81
208.91
254.28
206.08
2fi3.55
140.98
191.53
185.77
186.90
199.10
221.12
239.29
217.99
214.49
237.69
^40.98
249.55
264.10
15,245,276
16,839,361
16,901,091
15,894,079
17,706,304
21,007,593
18,076,181
18,978,182
20,359,505
12,539,279
13.131,681
11,690,185
13,677,178
15,421,020
18,885,191
19,073,814
2,496,569,029
2,903,677,383
2,797,375,432
2,981,516,464
3,307,657,992
4,388,848,772
4,596,429,823
36.620,564
33,748,130
36,652,650
35,253,923
39,017,906
47,029,580
47,192,119
54,685,281
60,632,952
22,524,092
20,316,923
5,621,042,421
5,365,747,406
GROSS AND NET EARNINGS, INTEREST, AND DIVIDENDS FOR THIRTEEN TEARS, 1889-1901.
Statement showing gross and net earnings, available revenue, interest and dividend pay-
ments, etc., of all the steam surface railroads in the United States, from 1889 to 1901, inclu-
sive :
PAYMENTS FROM AVAIL-
EARNINGS PER
Ex-
Interest
Divi-
<n
•
I
Gross
Earnings.
Net
Earnings.
Total
Available
Revenue.
ABLE REVENUE.
MILE OF RR.
penses
to
Earn-
ings.
paid—
on total
Bonded
Debt.
dends
paid —
on total
Share
Capital.
Int. on Bds.
Dividends.
Gross.
Net.
$
S
$ -
$
$
8
$
p. c.
p. c.
p. c.
1889.
991,935,331
817,866,883
406,767,222
216,877,898
79,531,863
6,446
2,066
67.95
4.53
1.79
1890.
1,086,039,735
342,071,296
449,712,756
224,499,571
83,575,705
6,875
2,166
68.50
4.44
1.82
1891.
1,125,381,994
350,748,483
451,947,193
228,572,703
89,099,757
6,851
2.135
68.83
4.41
1.87
1892.
1,169,036.840
352,817,405
467,246,357
229.900,292
93,862,412
6,852
2,068
69.82
4.25
1.93
1893.
1,207,106,026
358,648,918
469,815,755
237,677,728
94,295,815
6,963
2,069
70.29
4.31
1.88
1894.
1,066,943,358
317,757,399
413,916,233
234,702,912
83,478,669
6,054
1,803
70.22
4.19
1.66
1895.
1,092,395,437
323,196.454
436,964.529
239.698,134
81,685,774
6,097
1,804
70.41
4.24
1.58
1896.
1,125,6*2,025
332,766,979
437,701,890
243.287,730
81,528,154
6,223
1,840
70.43
4.45
1.52
1897.
1,132,866,626
342,792,030
440,423,354
234,454.578
83,680,040
6,228
1,884
69.74
4.24
1.49
1898.
1,249,558,724
389,666,474
494,203,378
237,133,099
94,937,526
6,771
2,111
68.16
4.21
1.70
1899.
1,336,096,379
423,941,689
479,561,094
239,178,913
109,032,252
7,161
2,272
68.27
4.24
1.90
1900.
1,501.695.378
483,247,526
551,020,460
244,447,806
140,343,653
7,826
2,519
68.93
4.24
2.42
1901.
1,612.448,826' CBU,294,727
588,663,541
254,318,380
156,887,283
8,270
2,668
69.01
4.24
2.62
XIV
GROSS AND NET EARNINGS, INTEREST AND DIVIDEND PAYMENTS, ETC., ETC., BY GROUPS
OP STATES, 1889-1901.
GROTTP 1. — New England States: Maine, New Hampshire, Vermont. Massachusetts,
Rhode Island and Connecticut :
PAYMENTS FROM AVAIL-
EABNINGS PEB
Ex-
Interest
Divi-
1
H
Gross
Earnings.
Net
Earnings.
Total
Available
Revenue.
ABLE REVENUE.
MILK OF RR.
penses
to
Earn-
paid-
on total
Bonded
dends
paid—
on totai
P*
Int. on Bds.
Dividends.
Gross.
Net.
ings.
Debt.
Share
Capital.
1889.
$
73,172,227
$
20,479,406
$
28,194,977
$
8,044,090
$
10,308,195
10,565
2,957
p. c.
72.01
p. c.
5.00
p. c.
4.48
1890.
77,758,298
22,111,742
31,019,732
8,287,463
11,104,645
11,132
3,166
71.56
4.99
4.70
1891.
79,564,133
21,698,202
28,068,593
8,308,965
11,542,985
10,875
2,966
72.73
4.93
4.77
1892.
83,434,898
22,721,232
29,886,440
8,750,023
12,547,926
11,379
3,099
72.77
5.25
4.87
1893.
82,108,460
20,694,289
28,825,738
8,305,101
12,331,830
11,501
2,900
74.80
5.11
4.59
1894.
78,578,486
20,310,989
30,230,559
9,064,621
13,860,609
10,545
2,726
74.15
5.32
4.92
1895.
82,945,401
21,929,311
32,392,645
9,166,008
13,990,999
10,829
2,863
73.56
5.17
4.87
1896.
88,607,972
22,063,587
33,976,414
8,004,877
14,100,861
11,441
2,849
75.10
4.78
4.62
1897.
84,900,841
21,418,192
32,456,242
8,932,758
14,564,623
11,168
2,817
74.77
4.48
5.04
1898.
86,409,860
21,883,637
32,696,827
8,936,240
14,690,131
11,385
2,883
74.67
4.33
5.13
1899.
88,721,892
22,892,407
24,604,079
8,781,411
14,243,384
11.420
3,167
74.17
4.25
4.71
1900.
97,618,635
24,341,824
26,072,713
9,608,943
14,481,285
12,490
3,094
75.07
4.63
4.94
1901.
97,971,146
24,053,193
26,419,923
9,783,584
14,894,428
12,308
3,022
75.45
4.33
5.12
land
GROUP 2. — Middle States : New York, New Jersey, Pennsylvania, Delaware and Mary-
1889.
268,432,068
60,155,158
129,975,072
63,535,728
27,711,622
14,020
4,709
65.59
5.49
2.54
1890.
295,028,394
96,094,404
141,602,259
62,254,443
30,456,989
15,275
4,975
67.43 •
5.28
2.59
1891.
297,366,910
97,619,698
139,159,652
59.743,087
32,451,974
15,099
4,957
67.92
5.21
2.87
1892.
290,551,581
91,682,500
147,527,902
53,390,512
35,361,689
14,618
4,613
68.45
4.27
3.02
1893.
317,827,375
104,196,397
157,305,657
58,169,109
34,167,593
15,570
5,105
67.21
4.53
2.86
1894.
283,244,831
89,588,533
141,053,467
58,386,355
31,817,369
13,636
4,313
68.37
4.51
2.62
1895.
302,932,913
97,737,311
148,020,443
58,827,533
31,298,734
13,889
4,465
67.77
4.50
2.56
1896.
303,985,266
91,717,893
143,478,485
59,284,257
30,565,300
13,639
4,115
69.83
4.44
2.36
1897.
309,315,400
96,486,180
147,824,681
59,355,391
30,161,895
13,676
4,354
68.81
4.49
2.14
1898.
326,328.474
103,791,068
157,565,146
61,389,781
30,177,410
14,305
4,550
68.19
4.19
2.09
1899.
353,422,317
109,968,889
136,774,444
63,823,928
31,321,990
14,888
4,748
68.88
4.35
2.13
1900.
400,234,942
127,718,241
159,202,772
64,336,137
38,963,656
16,147
5,152
68.10
4.27
2.52
1901.
433,473,417
144,669,574
175,814,097
68,597,017
43,241,270
17,326
5,782
66.70
4.22
2.65
GROUP 3. — Central Northern States : Ohio, Michigan, Indiana, Illinois and Wisconsin :
1889.
296,335,475
94,350,868
109,368,746
59,144,816
25,490,987
6,041
1,923
68.17
4.47
2.17
1890.
319,191,098
97,054,501
114,395,332
59,390,572
26,966,201
6,267
1,905
69.59
4.42
2.26
1891.
329,075,649
100,844,470
110,358,107
60,322,414
26,706,279
6,399
1,961
69.36
4.39
2.24
1892.
358,591,952
102,264,457
115,611,426
62,528,972
29,248,857
6,745
1,924
71.48
4.43
2.45
1893.
367,560,006
104,627,283
118,290,990
66,138,582
31,382,555
6,861
1,958
71.65
4.48
2.54
1894.
320,059,579
93,023,365
109,091,000
65,544,675
29,128,780
5,898
1,714
71.00
4.32
2.32
1895.
313,050,555
91,352,512
107,435,854
66,231,194
27,177,231
5,826
1,737
70.89
4.34
2.15
1896.
331,218,672
99,727,589
113,093,576
67,021,826
26,989,483
5,999
1,806
69.89
4.73
2.22
1897.
321,315,638
98,610,058
111,858,432
64,665,093
26,982,854
5,900
1,811
69.31
4.52
2.21
1898.
358,902,464
109,517,286
122,789,447
64,773,531
30,498,102
6,408
1,955
69.49
4.53
2.52
1899.
392,319,231
122,728,568
131,418,147
63,979,919
34,584,480
6,935
2,169
68.72
4:50
2.77
1900.
436,896,713
133,061,054
143,124,432
63,774,993
39,099,917
7,628
2,323
69.51
4.41
3.18
1901.
453,121,327
133,217,475
145,751,450
63,721,489
43,877,631
7,913
2,325
70.62
4.32
3.31
GROUP 4. — South Atlantic States : Virginia, West Virginia, North Carolina, South Caro-
lina, Georgia and Florida .
1889.
48,193,212
13,539,452
17,114,333
11,117,710
3,059,823
3,711
1,043
71.91
3.68
0.90
1890.
60.887,375
18,124,613
21,232,082
11,7*3,685
3,359,552
4,183
1,245
70.23
3.50
0.91
1891.
66,238,692
19,596,053
24,672,728
15,077,290
4,216,580
3,979
1,177
70.51
4.31
1.13
1892.
66,642,603
19,399,385
24,852,430
14,576,950
4,013,511
3,784
1,101
70.89
3.82
1.06
1893.
70,251,053
17,151,190
21,340,830
14,083.041
2,671,925
3,866
944
75.59
3.57
0 69
1894.
65,924,149
17,360,653
19,436,146
12,662,121
1,615,090
3,648
961
73.67
8.19
0.43
1895.
71,682,455
18,657,309
22,732,447
15.672,161
2,225,988
3,506
913
73.97
3.61
0.43
1896.
75,258,454
20,351,047
23,984,416
17,589,379
2,388,587
3,610
976
72.96
8.98
0.47
1897.
75,721,513
21,644,173
25,779,181
17,640,579
2,579,035
3,534
1,010
71.42
4.11
0.48
1898.
86,305,086
25,666,591
29,453,269
18,548,363
3,067,710
3,925
1,167
71.56
4.28
0.57
1899.
92,114,604
28,610,081
30,635,649
18,966,885
4,436,116
4,087
1,269
68.94
4.82
0.84
1900.
104,726,088
33,214,487
85,418,061
18,415,498
5,416,211
4,626
1,466
68.28
4.21
0.96
19CI.
117,061,838
36,755,997
38,740,071
20,540,172
7,984,968
4,972
1,561
68.61
4.15
1.32
XT
GROUP 5. — Gulf and Mississippi Valley States : Alabama, Mississippi, Tennessee, Ken-
tucky and Louisiana :
PATMENTS FROM AVAIL-
EARNINGS PER
T?_
Divi-
3
3
*H
Gross
Earnings.
Net
Earnings.
Total
Available
Revenue.
ABLE REVENUE.
MILE OF RR.
JiX-
penses
to
Earn-
ings.
Interest
Paid—
on total
Bonded
Debt.
dends
Paid
Interest on
Bonds.
Dividends.
Gross.
Net.
on total
Share
Capital.
$
$
$
$
$
$
$
p. c.
p. c.
p. c.
1889.
48,801,029
16,633,956
17,918,023
11,710,873
2,890,711
5,026
1,713
65.91
3.63
1.10
1890.
54,572,123
19,008,139
20,773,764
14,119,817
3,255,818
5,703
1,986
65.17
4.40
1.23
1891.
59,917,974
19,078,904
22,730,694
13.271,444
3,128,346
5.583
1,777
68.16
3.81
1.02
1892.
60,472,997
17,101,843
19,593,427
13,473,058
3,407,635
5,300
1,499
71.73
3.64
1.10
1893.
59,498,433
17,487,262
19,700,970
12,455,525
2,928,225
5,343
1,570
70.61
3.35
0.94
1894.
53,125,654
16,856,083
17,680,492
12,757,292
530,734
4,284
1,359
68.27
3.52
0.18
1895.
47,359,777
14,268,209
16,359,674
10,818,578
710,549
4,585
1,381
69.87
3.13
0.27
18%.
50,388,895
14,957,308
16,649,047
11,496,909
902,270
4,922
1,461
70.32
3.57
0.37
1897.
50,884,638
15,146,349
16,921,667
11,740,256
1,002,42(1
5,106
1,520
70.23
3.77
0.40
1898.
53,222,271
15,738,535
17,937,493
10,548,433
1,175,900
5,501
1,626
70.43
3.35
0.54
1899.
55,689,116
16,553,085
18,076,759
10,393,250
2,751,787
5,898
1,753
70.28
3.35
1.27
1!KK).
65,312,146
19,602,094
20,774,017
10,767,028
3,065,206
6,085
1,826
69.99
3.53
1.51
1901.
69,678,043
21,098.499
22,207,144
10,709,645
3,844,633
6,617
2,003
69.73
3.94
1.83
GROUP 6. — Southwestern States:
Mexico :
Missouri, Arkansas, Texas, Kansas, Colorado and New
1889.
114,566,627
32,261,793
38,853,226
25,232,640
5,014,607
4,081
1,149
71.84
3.51
0.72
1890.
129,375,410
37,501,484
47,480,330
28,275,127
3,740,921
4,562
1,322
71.01
3.12
0.49
1891.
134,617,308
33,711,123 '
43,470,906
31,109,272
3,225,451
4.513
1,130
74.95
3.40
0.40
1892.
143,229,009
39,491,532
45,205,149
£5,739,611
1,357,571
4,725
1,303
72.43
3.85
0.17
1893.
145,405,895
33,351,386
46,359,114
34,946,024
2,457,134
4,725
1,246
73.62
3.72
0.30
1894.
124,257,626
31,915,790
36,407,390
35.039,364
1,167,331
4,062
1,043
74.31
3.75
0.13
1895
128.602,824
30,750,464
37,943,296
37.005,002
993.518
4,051
969
76.08
3.97
0.12
1896.
123,333,567
29,917,781
33,022,745
33,419,554
779,088
3,973
963
75.74
3.85
0.08
1897.
136,848,597
35,981.598
40,409,441
30,]43,800
1,926,216
4,301
1,181
73.71
3.36
0.20
1898.
152,100,459
42,257,757
47 016,903
32,174,866
3,323,975
4,856
1,346
72.22
3.78
0.36
1899.
155,039,381
45,252,964
49,423,582
32,750,351
4,192,038
4,851
1,416
70.82
3.72
0.45
1300.
174,172,332
55,556,654
60,707,173
34,808,673
9,105,979
5,344
1,704
68.11
3.90
0.98
1901.
200,120,295
66,783,062
73,295,901
34,565,764
16,825,388
6,061
2,024
66.61
3.80
1.79
GBOUP 7. — Northwestern States : Iowa, Minnesota,
Dakota, Wyoming and Montana :
Nebraska, North Dakota, South
1889.
84,056,412
29,785,081
37,450,837
24,400,504
1,986,531
4,267
1,512
64.56
4.35
0.49
1890.
95,693,634
33,105,599
44,718,950
25,509,195
3,009,706
4,587
1.587
65.40
4.57
0.75
1891.
101,151,665
36,596,751
51,397,047
27,626,256
4,569,737
4,983
1,803
63.82
4.47
1.07
1892.
109,577,386
40,084,125
56,133,610
28,694,253
4,600,188
4,966
1,817
63.42
4.59
1.06
1893.
105,100,545
35,755,226
51,617,904
29,474,197
4,519,942
4,803
1,634
65.98
4.70
0.95
1894.
86,577,672
30,803,971
38,328,332
27,207,724
5,318,756
3,783
1,346
64.42
4.23
1.11
1893.
88,015,556
29,546,496
41,656,110
29,989,920
5,199,112
3,911
1,313
66.43
4.73
1.08
1896.
96,263,277
36,183,840
47,608,985
29,413,890
5,765,539
4,292
1,613
62.41
4.67
1.17
1897.
94,768,008
33,259,773
42,491,178
27,169,819
6,057,997
4,304
1,510
64.90
4.18
1.09
1898.
116,511,484
44,830,266
58,462.721
25,594,646
10,714,520
5,095
1,960
61.53
4.00
1.73
1899.
124,727,925
52,669,419
61,212,201
25,710,185
16,618,747
5,519
2,330
57.78
4.06
2.38
1900.
140,899,320
60,395,738
72,717,383
25,700,066
28,265,158
6,027
2,583
57.14
4.13
4.15
1901.
152,943,017
62,778,694
72,198,358
28,094,910
27,752,054
6,057
2,486
58.96
3.82
4.23
GROUP 8. — Pacific States : Washington, Oregon, California, Nevada, Arizona, 'Utah and
Idaho :
1889.
58,378,281
20,661,169
27,892,008-
13,691,537
3,069,387
6,966
2,465
64.61
5.40
1.04
1890.
53,533,403
19,070,814
28,490,307
14,379,269
1,678,877
7,258
2,586
64.37
5.99
1.04
1891.
57,449,663
21,603,282
32.089,466
13,113,975
3,258,405
6,906
2,597
62.40
5.02
1.01
1892.
56,536,414
20,072,331
23,435,933
12,705,913
3,325,035
6,398
2,272
64.50
4.69
1.05
1893.
59,354,309
20,385,885
26,374,552
14.106,149
3,836,611
5,778
1,984
65.65
5.51
1.16
1894.
55,175,361
17,898.015
21,688,847
14,040,760
40,000
5,246
1,702
67.57
4.94
0.01
1895.
57,805,956
18,954,842
30,424,060
11,987,738
89,643
5,507
1,806
67.45
4.18
0.03
1896.
56,575,922
17,847,934
25,888,222
17,057,038
97,026
5,103
1,610
68.45
6.09
0.01
1897.
59,111,991
20,245,707
22,682,522
14,806,882
405,000
4,942
1,693
65.75
5.00
0.11
1898.
69,778,626
25,981,334
28,281,572
15,167,239
1,289,778
5,714
2,127
62.77
5.17
0.87
1899.
74,061,913
25,266,276
27,416,233
14,772,984
883,710
6,185
2,110
65.89
6.03
0.24
1900.
81,835,202
29,357,434
33,003,909
17,036,468
1,946,241
6.497
2,331
64.13
4.97
0.62
1901.
88,079,748
30,938,233
34,236,597
18,305,799
666,911
7,084
2,488
64.88
5.69
0.19
XVI
Statement showing miles of railroad, capital stock, bonded debt, bonded debt
per mile and cost of all steam railroads in the United States from 1880 to 1901 :
YlAR.
Miles of
Railroad.
CAPITAL STOCK.
BOKDBD DEBT.
TOTAL STOCK, BONDS AND
UNFUNDED DEBT, REPRE-
SENTING APPROXIMATELY
COST OP ROAD AND EQUIP-
MENT.
Total.
Per Mile.
Total.
Per Mile.
Total.
Per Mile.
1880
Miles.
92,147
103,530
114,428
120,519
125,119
127,689
133,565
147,953
154,222
159,934
163,359
167,846
171,805
175,442
178,054
179,821
181,394
183,547
184,894
187,781
192,162
195,887
2,708,673,375
3,177,375,179
3,478,914,224
3,675,793,383
3,726,655,041
3,778,609,737
3,956,377,408
4,146,958,214
4,392,287,224
4,447,103,600
4,590,471,560
4,751,750,498
4,863,119,073
5,021,576,551
5,027,604,717
5,181,373,599
5,373,187,619
5,602,964,449
5,581,522,858
5,742,181,181
5,804,346,250
5,978,796,249
$
29,395
30,690
30,403
30,500
29,785
29,592
29,621
28,029
28,480
27,806
28,101
28,310
28,306
28,622
28,236
28,814
29,621
30,526
30,188
30,579
30,205
30,521
$
2,530,874,943
2,878,423,606
3,214,084,323
3,479,411,914
3,647,312,772
3,740,255,066
3,853,748,330
4,155,628,116
4,585,471,523
4,784,173,271
5,055,225,025
5,178,821,989
5,405,049,969
5,510,225,528
5,605,775,764
5,648,659,436
5,461,856,798
5.534,432,492
5,635,363,594
5,644,858,027
5,758,592,754
6,035,469,741
$
27,466
27,803
28,088
28,870
29,151
29,292
28,853
28,087
29,733
29,913
30,945
30,855
31,460
31,408
31,484
31,413
30,110
30,153
30,479
30,061
29,967
30,811
$
5,402,038,257
6,278,565,052
6,960,649,277
7,423,040,203
7,617,986,410
7,775,858,194
8,089,268,441
8,595,041,451
9,281,914,605
9,576,939,a54
10,020,925,215
10,275,675,119
10,553,624,329
10,941,711,122
11,016,308,315
11,248,569,658
11,179,544,386
11,518,066,646
11,585,069,036
11,692,817,066
11,891,902,339
12,326,491,526
$
58,624
60,045
60,830
61,592
00,886
60,897
60,564
58,093
60,185
59,881
61,343
61,221
61,428
62,367
61,871
62,554
61,631
62,753
62,658
62,268
61,884
62,926
1881.
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1893
1893
1894
1895
1896
1897.
1898
1899
1900
1901
EAILROAD CAPITALIZATION" AND KETURN THEREON.
A suggestive comparison
stocks and bonds during the
ing table :
of freight and passenger rates, and the return on
past twenty years, is brought forth in the follow-
1882...
Inter
Aver
Ral
Perc
...4.r
est, Dividends, gftg» P<
age Average S£££|'
e- Rate- Rite
ent. Percent. gj";
6 2.92 1.236
>4 2.76 1.224
B 2.50 1.124
17 2.00 1.057
« 2.02 1.042
6 2.17 1.034
8 1.80 0.977
3 1.79 0.970
4 1.82 0.927
1 1.87 0.929
5 .93 0.941
1 .88 0.893
9 .66 0.864
4 .58 0.839
5 .52 0.821
4 .49 0.797
1 .68 0.758
4 .90 0.726
4 2.42 0.746
1 2.62 0.743
showing for the leading n
>r the years 1890 to 1900, ii
mds and average dividends
Miles Average Average
RR. Interest Dividends
Owned. on Bonds. on Stock.
Miles. p. c. p. c.
70,574 4.66 2.13
73,627 4.72 2.29
77,593 4.83 2.27
80,301 4.71 2.39
81,101 4.70 2.06
85,189 4.52 1.84
>r Passenger Earnings per Mile of Railroad
per Mile, in Operation.
Percentage
)f Expenses
o Earnings.
63.63
63.82
65.22
65.17
63.83
64.44
68.72
67.95
68.50
68.83
69.82
70.29
70.22
70.41
70.43
69.74
68.16
68.27
68.93
67.73
d States
average
Average
Dividends
on Stock.
p. c.
1.62
1.69
1.88
2.27
2.89
Rate1! Grose. Net. t
Cents. 8 8
2.447 7,283 2,650
2.422 7,405 2,679
2.356 6,663 2,318
2.199 6,209 2,163
2.194 6,570 2,376
2.276 6,799 2,418
2.246 6,540 2,045
2.169 6,446 2,066
2.174 6,875 2,166
2.184 6,851 2,135
2.168 6,852 2,068
2.072 6,963 2,069
2.025 6,054 1,803
2.069 6,097 1,804
2.032 6,223 • 1,840
2.029 6,228 1,884
1.994 6,771 2,111
2.002 7,161 2,272
2.031 7,826 2,519
2.028 8,270 2,668
lilroad corporations of the Unite
iclusive, of their mileage owned,
on stock :
Number Miles Average
Voora of RR- RK- Interest
Systems. Owned. on Bonds.
No. Miles. p. c.
1896 . 61 85 871 4 69
1883
45
1884....
4.{
1885
4.{
1886 ...
4 £
1887
4 £
1888
4 <
1889
4.8
1890
4.4
1891
4.4
1892....
4.2
1893. .
4.3
1894...
4.1
1895
. 4.S
1896...
4.4
1897. . . .
4.2
1898...
4.8
1899
4.2
1900...
4.2
1901.. .
. 4.2
Statement
a summary f(
interest on b(
Number
Years 0ofRR-
Systems.
No.
1890 R5
1891...
....65
1897 .. .61 86,129 4.68
1892...
65
1898 61- 89,566 4.49
1893
64
1899 60 90,084 4 54
1894...
62
1900 60 94,128 4.38
1895,..
....61
Railroad Map of Maine, New Hampshire and Vermont,
Poor's Manual— Railroad Map of the United States, 1902.
73° Longitude
West 71 from
Longitude
East
MAINE, NEW HAMPSHIRE AND VERMONT.
Greenwich 69
Waxhinrjton 8
Railroad Map of Maine, New Hampshire and Vermont.
H. W. POOR & CO.,
BANKERS,
NEW YORK. BOSTON.
Orders Executed for all Securities Dealt in at
the New York Stock Exchange.
A SPECIALTY.
We are in correspondence with nearly every
Railroad Company in the Country through
our connection with .
POOR'S MANUAL OF RAILROADS,
which gives us special advantages for in-
formation for the benefit of our customers.
Correspondence Invited, Interest allowed on Deposits, subject to Check at sigM.
18 WALL ST., 52 DEVONSHIRE ST.,
NEW YORK. BOSTON.
POOR'S
MANUAL OF RAILROADS
19O3.
NEW ENGLAND GROUP— States of Maine, New Hampshire,
Vermont, Massachusetts, Rhode Island and Connecticut.
BANGOR AND AROOSTOOK RAILROAD COMPANY.
(For map of this road, see page 2.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OP SECTION'S.
Capital Stock, Description of 7
Car Trust Bonds and Notes 9
Directors, Board of, and Officers. 13
Earnings, Expenses, etc 4
Funded Debt, Details of 8
Gen. Balance Sheet, June 30, 1901 . 6
Guaranteed Bond?, Description of. 10
History 2
Income Account, year ending June
30, 1901 4
Leased Lines, Statements of 12
Mileage Operated, June 30, 1901 . . 1
Operations, Traffic Statistics 4
Operations, Earnings & Expenses. 4
Operations & Income, 1894-1901 . . 5
RRs. Leased or Controlled 12
Reorganization of Finances. „ . . . 11
Rolling Stock 3
1. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 330.29 miles).
Main Line : Brownville to Caribou, Me 154.14 miles.
Fort Fairfield Branch : Fort Fairfield Junction to Fort Fairfield, Me 13.30
AMand Branch : Ashland Junction to Ashland, Me 42.64
Piscataquia Division : Oldtown to Greenville, Me 76.00
Van Buren Extension : Caribou to Van Buren, Me 33.11
Sundry Spurs 11.10
B. LINES LEASED (total, 40.58 miles).
Bangor and Katahdin Iron Works Ry.: Milo June, to Kat. Iron Works, Me 19.02
Aroostook Northern RR. : Caribou to Limestone, Me 15.91
Patten and Sherman RR. : Patten Junction to Patten, Me 5.65
Total length of lines operated, June 30, 1901 370.87 miles.
Sidings, etc. (owned, 56.41 m. ; leased, 5.67 m.), 62.08 miles. Gauge, 4 ft. 8| in. Rail
(steel), 70 Ibs.
2. History. — Chartered March 5, 1891 ; main line to Caribou and branch to Fort Fairfield
opened on Jan. 1, 1895 ; branch to Ashland on Jan. 1, 1896. The Bangor and Piscataquis RR.,
from Oldtown to Greenville, was purchased as of April 1, 1899 (see MANUAL for 1899,
page 3). The Van Buren Extension was opened on Nov. 16, 1899. The company purchased
the Bangor and Katahdin Iron Works Ry. and the Patten and Sherman RR. as of July 1,
1901, issuing consolidated refunding mortgage bonds to the amount of $220,000 in the pur-
chase of the Bangor and Katahdin Iron Works Ry. and to the amount of $80,000 in the pur-
chase of the Patten and Sherman &R. The bonds of the Bangor and Katahdin Iron Works
Ry. and of the Patten and Sherman RR. have been retired and cancelled.
3. Rolling Stock, June 30, 1901. — Locomotives, 41. Cars— passenger, 24 ; combination,
7 ; baggage, express, and postal, 12 ; freight (box, 1,289 ; stock, 70 ; flat, 1,655), 3,014 ; service,
73— total, 3,130. Of the cars, 1,195 box, 70 stock, 1,558 flat, and 21 caboose were covered by
the car trusts outstanding on June 30, 1901 (see Sec. 9).
4. Operations, year ending June 30, 1901. — Train mileage — passenger, 475,689 ; freight,
551,552 ; other, 393,122— total, 1,420,363 miles. Passengers carried, 348,558 ; carried one
MAP OF THE
BANGOR & AROOSTOOK
RAILROAD AND CONNECTIONS.
smouth
POOR S MANUAL — BANGOR AND AHOOSTOOK RR. CO.
EARNING;-. 1899-00
assenger $317,893 48
reight 814,775 67
:ail and Express 43,325 63
iiscellaneous 51,921 38
lile, 14,492,7(>2 ; average mile rate, 2.48 cents. Tons freight moved, 814,797 : moved one
nip. 74,646,024 ; average ton-mile rate, 1.32 cents.
1900-01 EXPENSES. 1899-00 1900-01
§359,466 90 Maint. of Way and Structures. .$221,641 10 $285,379 38
984,02254 Maintenance of Equipment 88,44284 98,52967
46,62234 Conducting Transportation 382,70459 455,87278
59,342 70 General Expenses 49,547 59 68,640 54
Totals $1,227,91616$1,449,45448 Totals.... ...$742,33812 $908,42237
Totals per Mile 3,37293 3,90825 Totals per Mile 2,03911 2,44944
Net earnings, 1900-1901 (37.33 p. c.), $541,032.11. Payments: Interest on funded debt
-on mortgage bonds, $320,500 ; on car trusts, $61,429.44— total, $381,929.44 ; other interest,
1,554.65; rentals of leased lines — Bangor and Katahdin Iron Works Ry., $10,100; Aroos-
>ok Northern RR., $11,301; Patten and Sherman RR., $1,600— total, $23,001; taxes,
4,938.82— total, $411,423.91. Surplus, $129,608.20; surplus forward, $160,889.97— total,
290,498.17. Deduct equity in car trusts, $260,000. Net surplus, June 30, 1901, $30,498.17.
5. Statement of operations and income account for eight years ending June 30:
KR.Oper.
Pass.
Freight
Gross
Operat'g
Net
Net
Taxes &
Bond
Total
Balance
18,
(Aver.).
Curried.
Moved.
Earn'gs.
Expen.
Earn Vs.
Income,
Rent.
Interest.
Paym'ts.
( + or-).
Miles.
No.
Tons.
$
$>
$
$
$
$
$
;94.
.. 142.35
109,162
127,967
245,568
187,613
57,955
58,299
64,461
39,700
105,656
-47,357
i'Ju.
. . 220.60
194,574
257,609
581,836
381,541
200,296
200,296
74,359
104,800
182,098
+ 51,901
190.
.. 2s.-,.0t>
229,940
295,401
699,661
441,958
257,704
257,704
85,173
142,550
230,507
+ 27,197
i!)7.
.. 306.75
220,213
341,725
754,781
401,115
293,666
293,666
86,053
185,350
274,708
+ 18,958
;l)S.
.. 322.65
228,838
323,190
756,503
451,943
304,560
327,264
93,448
194,401
295,282
+ 31,981
199.
. 321.05
239,092
408,856
929,254
573,161
356,092
356,092
79,820
210,751
307,226
+ 48,867
0(1.
.. 364.05
315,747
638,974
1,227,916
742,338
485,578
488,085
25,605
330,163
434,965
+ 53,120
ml.
.. 370.87
348,558
814,797
1,449,454
908,422
541,032
541,032
27,940
381,929
411,424
+ 129,60,S
6. General Balance Sheet, June 30, 1901.
Mt of Road $8,064,970 24
jst of Equipment 1,908,404 91
roostook Northern Common Stock 17,896 48
eal Est ate 5,614 90
. & P. Improvements 28,82729
aterials and Supplies 136.61529
ish 212,794 29
nrrent Accounts 102,698 85
ew Mortgage Suspense 10,775 53
Total Assets $10,488,597 78
Common Stock Paid in ($100 shares)
Preferred Stock Paid in ($100 shares)
Funded Debt Outstanding (see below)
Car Trust Bonds and Notes (see below) . .
Current Liabilities
Interest and Rentals Accrued
Bills Payable
Equity in Car Trusts
Profit and Loss . .
$1,050,00000
1,248,884 11
6,410,000 CO
1,190,000 00
112,825 57
168,582 ',5
17,807 18
260,000 00
30,498 17
Total Liabilities $10,488,597 78
7. Capital Stock.— The authorized capital stock is $2,378,000 in $100 shares— 10,500 shares of
inimon stock and 13,280 shares of preferred stock, the latter being- entitled to 5 p. c. non-cumulative
vidends. All of the common stock and 12,466 full-paid shares of the preferred stock were outstanding
i June 30, 1901, besides a small amount of preferred stock scrip. Provision is made for the retirement of
e preferred stock, in the mortgage securing the new refunding bonds (see Sec. 11). On May' 17, 1902,
I except $67,400 of such stock had been retired.
8. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $6,410,000, as per general
ilanee sheet — consisted of the following issues (see also Ready Reference Bond List) :
1,360,000 1st gold 5s of Jan. 1, 1943; authorized
issue. $16,000 per mile. Secured on the main line,
Fort Fairfield Branch and Ashland Branch, a total
of 21 1.35 miles.
1 ,050,000 2d gold 5s of July 1, 1945. Secured on
the same property as, but subject in lien to, the 1st
.mtge. bonds.
$1,5OO,000 Fiscataquis Division 1st (/old 5s of Jan.
1, 1943. Secured by 1st mtge. on the line from Old-
town to Greenville, Me., 76 miles, on the repair
shops in Oldtown, and on the improvements and
new work provided for in the mortgage.
5OO,OOO Van Burcn Extension 1st gold 5s of Jan. 1,
1943. Secured by 1st mtge. on the line from Caribou
to Van Buren, Me., 33 miles, and on the equipment
and appurtenances thereof.
». Car Trust Bonds and Notes — The $1,190,000 outstanding on June 30, 1901, consisted of the
llovving issues: $220,000 (original issue, $400,(X)0) 6 p. c. Series A bonds, dated Oct. 1, 1896, payable
0,000 each 1st of April and Oct.; $760,000 (original issue, $800,000) 5 p. c. gold Series B bonds, dated
ily 1, 1900, payable $40,000 each 1st of April and Oct., beginning April 1, 1901; and $210,000 (original
sue, $250,000) Series B notes, dated July 16, 1900, payable $40,000 each 15th Jan. and July. The " Series
" bonds cover 758 flat, 425 box, 20 stock and 15 caboose cars; " Series B " bonds cover 800 flat, 770
ix, 50 stock and 6 caboose cars.
1O. Guaranteed Bonds.— The Bangor and Aroostook RR. Co. guarantees, both as to principal and
terest, $225,000 5 p. c. bonds of Oct. 1, 1947, secured by first mortgage on the Aroostook Northern RR.
revision is made in the mortgage securing the new refunding bonds of the Bangor and Aroostook RR. Co.
r the retirement of these guaranteed bonds.
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
the office of Brown Bros. & Co., New York, N. Y. The bonds are for $1,000 each, in coupon form, with
privilege of registration as to principal alone, or as to both principal and interest. Bonds amounting to
$12,500,000 are reserved for the retirement of the present funded debt, car trust obligations and preferred
stock of the Bangor and Aroostook RR. Co., and for the retirement of the bonds secured on, and the
purchase of, the leased lines. Any of the $12,500,000 thus reserved, not needed for the purposes mentioned,
may be added to $3,000,000 of bonds reserved for additions and improvements; such $3,000,000, and any
addition thereto from the $12,500,000, to be issued at not exceeding the rate of $500,000 for the first year
(ending June 30, 1902), und $250,000 a year thereafter. The remaining $4,500,000 of bonds are to 1
only for extensions, and for the acquisition of, and to discharge any liens on, other railroads; the i-
either of the purposes mentioned not to exceed the rate of $25,000 per mile of road, including equipment.
The mortgage covers the entire property of the company, whether now owned or hereafter acquired
through the issue of the bonds it secures; subject, however, to prior liens. It is provided that old bonds
taken up shall not be canceled until at least 99 p. c. of the class to which they shall respectively belong
or about Aug. 1, 1902, is shown in the Ready Reference Bond List— see General Index.
12. RAILROADS LEASED OB CONTROLLED BY THE BANGOR AND AROOSTOOK RR. Co.
Aroostook Northern RR.— Caribou to Lime-
stone, Me., 15.91 miles. Rail (steel), 56 Ibs. Char-
tered July, 1897; opened Dec. 1, 1897. Leased for
999 years from Nov. 27, 1897. at a yearly rental equal
to Interest on bonds, besides $51 for organization ex-
penses. Capital stock, $90,000; funded debt (1st 5s
of Oct. 1, 1947, int. A. & O.), $225,000— total,
representing cost of road, $315,000. The bonds are
guaranteed by the B. & A. RR. Co. F. W. Cram,
Pres., Houlton, Me.; F. H. Appletou, Clerk; F. C.
Plaisted, Treas., Bangor, Me. Office, Bangor, Me.
Fish River RR. — Projected: Ashland to Fort
Kent. Me., 52.5 miles. Gauge, 4 ft. 8J in. Rail
(steel), 70 Ibs. Chartered Sept. 13, 1901. Construc-
tion is in progress, and the road is expected to be in
operation before Oct. 1, 1902. It will eventually
13.
A. A. Burleigh Houlton, Me.
F. W . Cram Bangor, Me.
B. B. Thatcher
become a part of the Bangor and Aroostook RR.,
either by purchase or lease. Financial Statement,
March 20, 1902. — Capital stock paid in
auth.). $60,625; notes payable, $80,000 — total, $14o.
625. Contra: Cost of road to date, $182.625. Esti-
mated cost of road to completion, $1.570,000. There
is provision made for an issue of 1st mtge. 50-yr.
bonds to mature Jan. 1, 1952, the total issue not te
exceed $1,400,000 or at the rate of $25.000 per mile.
The mortgage provides for an equal amount of notes
to be issued prior to the issuing of the bonds, and
$80,000 of such notes were outstanding at the date
of this statement. They are dated Jan. 1. 1902,
mature July 1, 1903, and bear interest at the nit€
of 5 p. c. per annum. F. W. Cram, Pres. : R. B.
Thatcher, Vice-Pres.; Edward Stetson. Treas.: F. H.
Appleton, See., Bangor, Me. Office, Bangor, Me.
F. H. Appleton Bangor, Me
E. L. Cleveland, Jr Houlton, Me
Carl King Caribou, Me
Board of Directors, Bangor and Aroostook RR. Co., elected October 15, 1901.
C.A.Gibson Bangor, Me
H.P.Oliver "
Edward Stetson " "
A. E. Hammond Van Buren,Ttfe.
F. W. CRAM, President Bangor, Me.
A. A. Burleigh, Vice- President Houlton, Me.
Treasurer— Edward Stetson Bangor, Me. | Secretary— F. H. Appleton. . . Bangor Me
Cashier— F. C. Plaisted Bangor, Me.
PRINCIPAL OFFICE AND ADDRESS Bangor, Me.
BOSTON AND MAINE RAILROAD SYSTEM.
The system of railroads owned, leased or operated by the Boston and Maine RR. on
June 30, 1901, aggregated in length of main track 2,325.86 miles, as follows :
Boston and Maine Railroad and Leased Lines 2,264.69 miles.
Sullivan County Railroad , 26.00 •'
Vermont Valley Railroad ; 24.00 "
York Harbor and Beach Railroad 11.17 "
Total mileage of system operated by B. & M. RR 2,325.86 miles.
Although the Sullivan County RR., the Vermont Valley RR., and the York Harbor and
Beach RR. are operated directly by the Boston and Maine RR. , their operations are not in-
cluded in the report of the operating company, which simply acts as agent for the owners.
The Vermont Valley and the Sullivan County are controlled in the interest of the Connecticut
Eiver RR. Co., a leased company of the Boston and Maine RR.
The Boston and Maine RR. owns and operates an electric branch over the principal
streets of Portsmouth, N. H., and through the towns of Rye and North Hampton to Rye
Beach Station. An electric branch of the Concord and Montreal RR. is projected from Con-
cord to Nashua, N. H. ; the section between Concord and Manchester is under construction,
and is expected to be opened for traffic in the summer of 1902.
The following statement shows in detail the mileage (exclusive of trackage rights)
of the system, and its capitalization, on June 30, 1901. The amounts of stocks and bonds
afloat represent the securities outstanding, the difference between such amounts and the total
POOR S MANUAL OF RAILROADS.
capitalization being the amounts of capital stock and of funded debt held by companies of
the system :
NAME OP ROAD.
Road
Owned.
CAPITAL STOCK.
FUNDED DEBT.
TOTAL
CAPITALIZATION.
Rentals of
Leased
Roads Paid
During
Year.
Total
Issue.
Amount
Afloat.
Total
Issue.
Amount
Afloat.
Total.
Afloat.
Boston and Maine RR. . . .
VverageH per Mile
Miles.
618. 27
$
26,516,971
42,889
6,529,400
2,500,000
800,000
800,000
385,000
300,000
240,000
7,197,600
350,000
250,000
500,000
84,000
541,500
341,700
789,300
2,630,000
58,300
24,360,000
150,800
3.193,000
65,000
625,000
1,000,000
200,900
3,068,400
412,400
45,000
3,099,800
$
25,388,771
41,064
6,529,400
2,500,000
800,000
800,000
385,000
300,000
240,000
7,197,600
350,000
8
28,794,915
46,573
8,528,000
1,900,000
$
26,694,915
43,177
8,528,000
1,900,000
• $
55,311,886
89,462
15,057,400
4,400,000
800,000
800,000
385,000
300,000
240,000
13,747,600
350,000
250,000
$
52,083,686
84,241
15,057,400
4,400,000
800,000
800,000
385,000
300,000
240,000
13,747,600
350,000
$
Lcti^nl iMlroads.
Boston and Lowell ....
111.75
110.30
35.46
14.50
10.50
13. 1C
15.50
305.41
39.87
4.95
20.12
5.19
22.93
17.41
33.69
79.85
9.26
394.14
5.04
68.58
4.50
8.85
22.39
26. 9S
82.91
70.90
18.51
94.48
764,069 50
213,000 00
40,000 00
73,000 00
15,700 00
21,50000
20,400 00
773,730 50
26,000 00
Conn, ifc Pass. Rivers ...
Massawippi Valley
Nashua and Lowell
Peterborough
Stony Brook
Wilton
Doncord and Montreal . . .
Concord and Portsmouth
Franklin and Tilton
Nashua, Acton & Boston.
New Boston
6,550,000
6,550,000
500,000
60,000
503,400
201,600
25,000
2,630,000
11,200
17,292,200
150,800
3,193,000
65,010
625,000
1,000.000
63,900
3,008,400
412,400
45,000
3,099,SOO
500,000
3,600
1,000,000
84,000
541,500
341,700
789,300
5,210,000
183.300
45,524,000
150,800
4,193,000
65,000
625,000
1,274,000
500,900
3,068,400
912,400
210,000
4,875,800
503,600
60,000
503,400
261,600
25,000
5,210,000
11.200
38,456,200
150,800
4,193,000
65,000
625,000
1,274,000
63,900
3,068.400
912,400
145,000
4,875,800
2,80000
32,790 00
14,700 00
Pemigewasset Valley
Suncook Valley
Whitefleld and Jefferson.
Connecticut River
2,580,000
125.0(10
21,164,000
2,580,000
359,175 00
Danvi-rs
Fitchburg
21,164,000
1,780,940 00
15,40000
244,58000
2,925 00
52,500 00
112,960 00
Troy and Bennington . . .
Vermont & Mass
Kenneb'k & Kennebunkp.
Lowell and Andover
1,000.000
1,000,000
Manchester and Lawrence.
Newburyport
274,000
300,000
500.666
165,000
1,776,000
274,000
Northern
Concord and Claremont. .
Peterborough & Hillsb..
Worcester, Nash. & Roch.
Total Leased Roads . . .
Averages per Mile
500,666
100,000
1,776,000
216,104 00
250,00000
1,637.13
59,727,800
36,483
500,000
1,000,000
300,000
52^3.700
31,814
45,362,000
27,708
357,000
800,000
44,375,600
27,106
357,000
800,000
105,089,800
64,191
857,000
1,800,000
300,000
96,459.300
58,920
357,000
1,313,300
51,450
*5,031,S74 00
O/i> rnli:<l Railroads.
Sullivan County
26.00
24.00
11.17
Vermont Valley
513,300
51,450
York Harbor & Beach. . . .
Total Operated Roads.
Averages per Mile
61.17
1,800,000
29,428
88,044,771
38,006
664, W>0
9,232
78,037,221
33,686
1,157,000
18,915
75,313,915
32,511
1,157,000
18,915
72,227,515
31.179
!>,957,000
48,343
163,358,686
70.517
1,721,750
28,147
150,264,736
64,865
Grand Totals
2,316.57
Averages uer Mile. . .
* In addition to the total shown above there was paid to the Central Massachusetts RR. Co., for the
nine months ending March 31, 1901, $163,627.45, and for sundry track rentals $4,332.20, making total
rentals paid during year, $5,199,233.65.
BOSTON AND MAINE RAILROAD.
INDEX TO STATEMENTS AND DATA CONTAINED HEREIXBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 9
Construction Account 12
Directors, Board of, and Officers. . 18
[)ivid«.'i;tis I'aid 7
Earnings. Expenses, etc 4
Pimdid Debt. Derails of 10
jeneral Balance Sheet, June 30,
1901 . 8
General Income Account, year
ending June 30, 1901 4
Guaranteed Bonds 11
History 1
Interest on Debt 5
Leased Lines, Statements of 17
Leased Lines, Termini, Mileage,
Terms of Lease, etc 16
Lease Rentals 6
Mileage Operated, June 30, 1901. . 2
Operations, Capital Account,
etc., 1895-1901 , 13
Rolling Stock 3
Securities Owned and Other In-
vestments 14
Sinking Funds 15
I. History. — Consolidation, May 9, 1890, of the Boston and Maine RR., Eastern RR.
?o., and Portsmouth, Great Falls and Con way RR. Co. The Eastern RR. in New Hampshire
was absorbed on June 1, 1899; the Portsmouth and Dover RR., Portland, Saco and Ports-
mouth RR., and Portland and Rochester RR. on Jan. 1, 1900 ; and the Central Massachusetts
RR. on April 1. 1901— see MANUAL for 1897, page 318, and MANUAL for 1901, page 4. For
terms under which the leased lines are operated, see tabulated statement, sec. 17, and for
Fuller information see the separate statements for the several leased lines.
The Portsmouth Electric Branch Ry. was not completed so as to be fully operated until
=ome time after July 1, 1900, although it was partly put in operation a year earlier. A further
extension of one of its lines in the city of Portsmouth, about 3 miles in length, was com-
pleted and put in operation after the close of the fiscal year ending June 30, 1901.
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
2. Mileage of Road, June 30. 1901.— A. LINES OWNED (618.27 miles):
Western Division : Boston, Mass., to Portland, Me 115.31 miles.
Eastern Division : Boston, Mass, to Portland, Me 108.29
Northern Division : Conway Junction, Me., to Intervale Junction, N. H 73.37
Southern Division : North Cambridge Junction to Northampton, Mass 98.77
Worcester, Nashua & Portland Div.: Portland, Me., to Rochester, N. H 53.86
8augus Branch : Everett to Lynn, Mass 9.55
Laicrence Branch, Eastern Division : Salem to North Andover, Mass 19.89
South Reading Branch : Peabody to Waken'eld, Mass 8.12
Gloucester Branch : Beverly to Rockport, Mass 16.94
Essex Branch : Wenham to Essex, Mass 6.00
Dover and Winnipiseogee Branch : Dover to Alton Bay. N. H 29.00
Wolf borough Branch : Sanbornville to Wolf borough, N. H 12.03
Portsmouth and Dover Branch : Portsmouth to Dover, N. H 10.88
Portsmouth Electric Ry.: Portsmouth to Rye Beach, N. H. . . . .' 16.47
Other Branches : Medford,2 m.; Methuen, 3.75 m. ; West Amesbury. 4.45 m. ;
Orchard Beach, 3.27 m.; Charlestown, 1.09 m.; East Boston, 3.47 m.;
Chelsea Beach, 3.34m.; Swampscott, 3.96m.; Marblehead, 3.52m.; Asbury
Grove, 1.06 m.; Newburyport City, 1.97m.; Salisbury, 3.79 in.; Somers-
worth, 2.75 m. ; Lowell and Lawrence and Lowell and Andover ( 'unnection,
Lowell (0.37 m. of double track, of which 0.12 m. of single track is owned
by L. & A. RR.), 0.25m.; Union (Portland), 1.12m 39.79 "
B. LEASED LINES (see statement, Sec. 17) 1,646.42 "
Total length of lines operated as B. & M. RR.,June 30, 1901 2,264.69 miles.
Average mileage operated during the fiscal year 2,256.97 "
3d track (owned, i 66.60 m.; leased, 325.84m.; trackage rights, 9.07 m.), 501.51 m.; 3d track
(owned, 2.29 m. ; leased, 6.05 in.), 8.34 m.; 4th track (leased), 2.02 m. ; sidings (owned,
•J.iO.15 m.; leased, 8o(i.88 m.), 1,187.03 miles. Total track (owned, 1,117.31 m.; leased,
2,846.28 m.), 3,963.59 miles. Rail (steel— owned, 1,038.19 m.; leased, 2,705.93 m.— total,
:',, 744.12m.), 65 to 100 Ibs.
3. Rolling Stock, June 30, 1901. — Locomotives (passenger, 389; freight, 377; switch-
ing, 189), 955. Cars, 19,480, as follows :
PASSENGER TRAIN CARS. FREIGHT TRAIN CABS. OTHER EQUIPMENT.
Passenger *1,178 8- wheel Box 7,559 8- wheel Tool— Box 91
Parlor 9 8-wheel Box— Caboose 270 8-wheel Boarding Ill
Directors' and Pay 7 4-wheel Box— Caboose 79 8-wheel Derrick 45
Baggage *194 8-wheel Stock 145 4-wheel Derrick 9
Mail 25 8-wheel Platform 3,443 8-wheel Pile Driver 10
Express 64 4-wheel Sideboard Coal 125 8-wheel Fl anger 31
Milk 52 8-wheel Coke 166 Steam Shovels 16
Air Brake Instruction 2 8-wheel Coal 3.852 Snow-plows 89
Kicctric Passenger 18 4-wheel Coal Dump 1,658 Electric Snow-plows 1
Electric Baggage 1 8-wheel Refrigerator 130 Other Cars ... 38
Logging Trucks = 8-wheel 62
Total 1,550
Total 17,489
Total = 8-wheel 16,558
Total 441
* Includes 10 passenger and 4 baggage cars, 30.5 p. c. of which are owned by the Boston and Lowell RR.
Corporation, 37.83 p. c. by the Concord and Montreal RR., and 31.67 p. c. by the Canadian Pacific Ry. Co.
There is no distinction made in the company's report this year, as there was in the
reports for previous years, between the equipment owned by the company and that owned
by leased lines.
4. General Income Account, year ending June 30, 1901.
Earnings— Passenger §11,147,757 49
Freight 17,880,746 94
Mail and Express 1,240,441 48
Extra Baggage and Storage . . . 137,960 97
Total ($13,472.45 per mile) s30, 400,906 88
Net Earnings (29.23 p. c.) 88,888,18170
Rents of Tenements, Land, etc ,
Income from Investments ....
Income from Grain Elevators . . .
Interest
Miscellaneous Income . . .
349.566 41
228,676 91
327,768 54
85,54483
27,156 78
Net Income $9,856,835 22
Expenses — Maint. of Way and Structures. $3-414,717 79
Motive Power and Cars* 9,182,80." 21
Conducting Transportation. .. 8.201,706 48
General Expenses 719.468 70
Total ($9,534.37 per mile) 821,518.785 18
Taxes and Revenue Stamp Tax $1,547.31505
Interest on Debt (see Sec. 5) 1 ,268,588 23
Lease Rentals (see Sec. 6) 5,199,233 65
Sinking Funds (net) 151,285 00
Dividends on Preferred Stock (Paid) 188,988 00
Dividends on Common Stock (Paid) 1,456,012 39
Total Payments $9,811,42232
* Includes, besides the ordinary expense of maintaining the equipment, $? ,322, 981. 17 expended on fuel
f<T locomotives, $748,564.31 (net) for new equipment and $44,417.65 for air brakes and automatic couplers.
POOR'S MANUAL— BOSTON AND MAINE RR. 7
Surplus for year, $45,412.90 : surplus to June 30, 1900, $1,519,752.55— total surplus,
June 30, 1901, $1,565,165.46.
5. Interest on Debt.— Interest on funded debt (three issues of B. & M. sinking fund 4s, $136,760;
three issues of B. & M. plain bonds, $533,252.50; E. RR. $ certificates, $402,050; E. UR. £ certificates,
$91,349.07; two issues of P., G. F. & C. RR. 1st mtge. 44s, $45,000; P. & R. RR. terminal 4s, $4,i540),
$1,212,951.57; interest on real estate mortgages, notes, etc., $55,636.66— total, $1,268,588.23. The interest
on the two issues of Central Massachusetts bonds, amounting to $105,000 for the year, was charged to
rent of Central Massachusetts RR.
G. Lease Rentals — Fitchburg RR., $1,780,940; Boston and Lowell RR., $764,069.50; Concord and
Montreal RR., $773,730.50; Connecticut River RR., $359,175; Worcester, Nashua and Rochester RR.,
!*250,(K)0; Vermont and Massachusetts RR., $244,580; Connecticut and Passumpsic Rivers RR., $213,000;
Northern RR., $216,104; Central Massachusetts RR., $163,627.45; Manchester and Lawrence RR., $112,960;
Nashua and Lowell RR., $73,000; Lowell and Andover RR., $52,500; Massawippi Valley, $40,000; Pemige-
wasset Valley RR., $32,790; Concord and Portsmouth RR., $25,000; Stony Brook RR., $21,500; Wilton RR.,
$20,400; Peterboro RR., $15,700; Troy and Bennington RR., $15,400; Suncook Valley RR., $14,700; Kenne-
bunk and Kennebunkport RR., $2,925; New Boston RR., $2,800; sundry track rentals, $4,332.20— total,
$5,199,233.65.
7. Dividends Paid.— On preferred stock, Sept. 1, 1900, and March 1, 1901, 3 p. c. each; on
common stock, Oct. 1, 1900, Jan. 1, April 1, and July 1, 1901, ij p. c. each. See also General Index for
table of Dividends Paid by Railroad Companies in 1895-1902.
8. General Balance Sheet, June '60, 1901.
Construction $41,815,846 04
Equipment 5,203,062 08
s and Bonds Owned (see Sec. 13).. 10,679,154 51
Real Estate and Other Investments 1,443,347 17
Materials and Supplies 2,069,746 16
Cash 1,953,436 58
Trustees of Sinking Funds 1,053,520 03
Bills Receivable 830,584 35
Current Accounts and Balances 3,877,25097
Improvement Accounts of Leased Roads. 942,136 94
Elimination of Grade Cross'gs in Process. 226,748 06
Other Assets '. 128,06904
Total Assets $70,822,901 93
Capital Stock Liability (see Sec. 9). .$26,516,970 70
Premium on B. & M. RR. Common
Stock Sold 1,829,800 40
Funded Debt Outstanding (see Sec. 10).. 28,794,914 96
Real Est. Mtges., 4 p. c.,due Sept. 1, 1906 594,800 00
Current Liabilities 5,761,64588
Accrued Taxes, Rentals and Interest 1,284,51993
Lease Accounts of Sundry Railroads 2,100,537 44
Injury Fund 150,000 00
Contingent Fund 150,000 00
Sinking Funds for Redemption of Bonds. 1,132,782 46
Suspense Account 9 i 1,764 71
Profit and Loss 1,505,165 45
Total Liabilities $70,822,901 93
». Capital Stock.— Capital stock liability consisted, June 30, 1901, of $23,367,170.70 common stock
and $3,149,800 preferred stock; the common stock including $23,361,800 B. & M. common stock, $1,863.04
B. & M. common stock scrip, 32 shares P. S. & P. RR. Co. stock exchangeable for $3,200 of B. & M. common
stock and 4 shares P. & D. RR. stock exchangeable for $307.66 of B. & M. common stock. At the same
time the authorized capital stock was $26,802,925.30, consisting of $23,653,125.30 common stock and $3,149,800
non-cumulative 6 p. c. preferred stock; shares, $100 each. Of the common stock issued, the company owns
$1,128,200 upon which no dividends are paid, and which is deposited with the trustees of the Eastern RR.
Co. as collateral security for the payment of its certificates of indebtedness due in 1906.
1O. Funded Debt.— The funded debt outstanding June 30, 1901— total, $28,794,914.96 as per general
balance sheet, consisted of the following issues (additional particulars are in the Ready Reference Bond
List— see General Index) :
B.& M.Sink.Fund 4s of Feb. 2, 1905, int. P.&A..$1 ,000,000
B.& M.Sink.Fund 4s of Feb. 1, 1907, int. F.& A. 500,000
B.& >l.Sink.Fund4sof Feb. 1,1937, int. F.& A. 1,919,000
B. & M. Plain 48 of Aug. 1, 1942, int. F. & A. . 2,500.000
B.&M. Gold 4^8 of Jan. 1, 1944, int. J. & J... 6,000,000
B. & M. Gold 3s of July 1, 1950, int. J. & J... 5,454,000
E. RR. Mtg. Us ($)of Sept. 1, 1906, int. M.& S.$6,692,500 21
E. RR. Mtg. 6s(£) of Sept. 1, 1906, int. M.&S. 1,515,914 75
P.,G.F.&C.RR.l*t4isof Junel,1987,in.J.&D. 998,000 00
P.,G.F.&C.RR.lst4isofDec.l,1892,in.J.&D. 2,000 00
P. & R. RR. 4s. of Oct. 1, 1907, int. A. & O. 113,500 00
Cent. Maes. 1st 5s of Oct. 1,1906, int. A. &O. 2,000,00000
Cent. Mass. deb. 5s of Oct. l,1906,int. A.& O. 100,00000
As of date of Nov. 1, 1901, the company issued $1,000,000 of 3J p. c. 30-yr. debentures to reimburse
the treasury for the expenditures made by the company for permanent improvements upon the leased lines.
The bonds mature on Nov. 1, 1921, and the interest on them is payable on the 1st. of May and Nov., at the
company's office, Boston, Mass.
Under the sinking fund provisions of the three improvement loans 1£ p. c. in cash upon the amount
of the bonds outstanding is paid yearly to the Boston Safe Deposit and Trust Co., trustee of the
sinking fund. The income of this fund is invested in bonds or other securities, as requested by the Boston
and Maine RR. The Eastern RR. mortgage certificates are secured on the main line from Boston, Mass., to
N. IF. State line, 41.45 m. ; on the Asbury Grove, Charlestown, East Boston, Essex, Gloucester, Lawrence,
Marblehead, Swampscott, and Saugus Branches, and on 3.79 m. of the West Amesbury Branch, from Salis-
iiury to Amesbury; an aggregate of 110.72 miles. The Portsmouth, Great Falls and Conway bonds are
secured on the main line from Conway Junction, Me., to North Conway, N. H., 72.86 miles. The $2,000 old
bonds have not yet been presented for exchange for bonds of 1937. The Central Massachusetts 1st mtge.
Ix-nds are secured on the line from No. Cambridge June, to Northampton, Mass., 98.77 miles. They are all
owned by the Boston and Lowell RR. The Central Massachusetts debentures were all owned by the Boston
and Maine RR., as shown in Sec. 13. They were cancelled after the close of the fiscal year.
11. Guaranteed Bonds — Tlte company guarantees $1,328,000 1st mtge. 5 p. c. bonds of the St.
Johnsbury and Lake Champlain RR, Co. and the interest on $274,000 Manchester and Lawrence 4 p. c. bonds
of 1922, besides guaranteeing jointly with the Maine Central RR. Co. $300,000 Portland Union Ry. Station
Co. bonds.
12. Construction Account.— Additions to the company's capital account were made during the
year ending June 30, 1901, as follows: Purchase of the properties, rights and franchises of the Central Massa-
chusetts RR. Co. (including its equipment $302,150), $5,542,610.53; new 2u track and separation of highway
grade crossing* between Salisbury and Greenland, $39,258,92; separation of other highway grade crossings
completed during year, $251,250.05; construction and equipment of Portsmouth Electric Branch Ry.,
$55,50880- land purchased and applied to the company's uses, $22,139.63; land purchased but not yet applied
to the company's uses, $90,442.06— total, $5,981,209.99. Less land disposed of, $4,971.21. Net increase in
construction and real estate accounts, $5,976,238.78.
POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.
13. Statement of operations, capital account, etc., for seven fiscal years ending June 30 :
1895
1896
1897
1898
1899
1900
1901 '
Miles Operated(averase)
Passenger Train Miles. .
Freight Train Miles. . . .
Mixed Train Miles
1,292.46
6,577,839
4,274,488
1,716.76
8,113,257
5,490,492
1,717.73
8,143,335
5,389,361
1,715.22
7,601.257
4.756,787
151,730
1,715.59
7,584,330
4,761,018
169,310
1,751.72
8,067,943
5,061,151
159,985
2,256.97
10,066,751
7,424,741
174,963
Total Rev. Train Miles.
Passengers Carried
Passenger Mileage
Freight (tons) Moved. . .
Freight (ton) Miles
10,852,327
32,380,841
444,496,040
8,381,322
535,671,845
8'
7,754,998
8,274,862
862,444
13,603,749
35,132,992
507.608,954
10^47,029
676,082,534
$
9,099,273
10,343,123
1,017,696
13,532,696
32,658,341
483,987,417
9,982,705
688,011,072
$
8,538,278
9,975,436
1,042,973
12,509,774
32,176,210
485,787,694
10,271,875
688,351,187
$
8,461,640
10,201,910
1,079,396
12,514,658
81,G07.15ij
497,027,126
10,644,376
719,460.569
8
8,522,202
10,280,339
1,082,067
13,289,079
32,932,814
525,145,571
12,426,571
83^,397,963
$
9,069,118
11,986,441
1,093,043
18,266,455
38,496,814
632,476.537
17,516,571
1,538,317,388
S
11,147,757
17,880.747
1,378,403
Earnings— Passenger. . .
Freight
Other
Total Traffic Earnings. .
Operating Expenses . . .
Net Earnings
16,892,314
11,794,5S8
20,460,092
14,547,694
19,556,687
13,609,106
19,742,946
13,723,675
19,890,608
13,748,645
22,148,602
15,605,018
30.406,907
21,518,785
5,097,786
607,754
5,912,398
684,963
5,947,581
691,401
6,019,271
740,204
6,141,963
699,221
6,543,584
717,374
8,888,122
968,713
Other Receipts
5,705,540
824,573
2,396,246
1,178,440
(6) 1,045,009
(6) 188,988
72,284
13,069 89
9,125 64
3,944 25
68. 64 p. c.
1.745C.
6,597,361
981,954
3,140,910
1,169,029
(6) 1,005,014
(6) 188,988
71,467
11,917 85
8,473 92
3,443 93
71. 10 p. c.
1.793 c.
6.638.!>82
988,348
3,208,012
1,173,327
(6) 1,045,014
(6) 188,988
35,293
11,385 19
7,922 73
3,462 46
69. 59 p. c.
1.764 c.
6,759,475
1,030,040
3,307,107
1,158,904
(6) 1,045,014
(6) 188.988
29,422
11,510 44
8,001 12
3,509 32
69.51 p. c.
1.742C.
6,841,184
1,105,649
3,296,656
1,159,464
(6) 1,045,014
(6) 188.988
45,413
11,594 03
8,013 94
' 3,580 09
69. 12 p. C.
1.715C.
7,260,958
1,200,599
3,220,159
1,152.881
(7) 1,326,316
(6) 188,988
172,016
12,643 92
8,908 40
3.735 52
70.46 p. c.
1.727 c.
9,856,835
1,547,315
5,199,234
1.419,873
(7) 1.456.012
(6) 188,988
45,413
13,472 45
9,534 37
3,938 08
70.77 p. c.
1.763C.
Payments Taxes
Lease Rentals
Interest & Sink.Fund.
Dividends, Common . .
Dividends, Preferred.
Balance Surplus
Gross Earnings per Mile
Operating Exp. per Mile
Net Earnmg8J)er Mile. .
Expenses to Earnings..
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile.
Miles of RR. Owned. . . .
Miles of Track Owned. .
Miles of Steel RailOw'd
Locomotives
Passenger Train Cars. . .
Freight and Other Cars.
Capital Stock Liability . .
Prem. on Com. Stk. Sold
Funded Debt
1.545C.
369.81
753.83
632.88
566
1,028
10,331
8
21,889,000
1.530C.
369.81
764.70
64T.13
665
1,201
12,909
8
21,889,000
1.450 c.
370.08
753.63
677.56
660
1,221
12,603
$
21,889,000
1 .482 C.
370.08
756.87
683.06
665
1,210
12,483
8
21,889,000
1.430C.
386.41
793.49
717.22
671
1,206
12,325
$
22,369,575
1.440c.
519.50
989.20
909.38
694
1,235
12,560
8
25,052,725
1.162C.
618.27
1,117.31
1,038.07
955
1,550
17,930
8
26,516,971
1,829,800
28,794,915
1,094,800
11,021,250
1,565,166
21,655,280
594,800
5,999,853
1,616,002
21,565,780
597,800
7,865,106
1,677,157
21,477,280
597,800
7,337,053
1,712,451
21,392,307
597,600
7,050,437
1,713,577
21,305,334
594,800
7,798,712
1,758,990
21,330,334
594,800
9,092,439
1,519,753
Notes and Mortgages. . .
Other Liabilities
Surplus
Total Liabilities
Construction
51,754,935
31,856,655
4,583,150
6,380,944
1,577,457
5,038,619
2,318,110
53,594,843
32,269,161
4,583,150
6,882,398
2,230,284
5,961,334
1,668,516
53,013,584
32,294,885
4,583,150
7,063,437
1,767,086
5.851,387
1,453,639
52,643,121
32,350,959
4,5&3,150
7,285,935
1,834,002
5,376,231
1,212,844
53,827,411
32,913,270
4,578,150
7,470,922
1,485,745
5,451.338
1,927,986
57,590,051
36,278,801
4.850,074
7,485,510
2,364,938
5,787,640
823,088
70,822,902
41,815,846
5.203,062
12,122,502
2,669,746
7,058.309
1,953,437
Equipment
Omer Investments
Supplies and Materials . .
Other Assets
Cash
Total Assets ... .
51,754,935
53,594,843
53,013,584
52,643,121
^7,411
57,590,051
70,822,902
14. STOCKS AND BONDS OWNED, AND OTHER INVESTMENTS, JUNE 30, 1901.
STOCKS. VALUATION.
54,547 shares Fitchburg RR., common ....$5,454,549 75
11,282 shares B. & M. RR., common 1,293,559 95
25,160 shares Maine Central RR 2,516,000 00
4,971 shares ($50) York Harb. & Beach RR. 248,550 00
3,952T4B shares Portland &OgdensburgRR. 146,238 80
250 shares Port'd Union Ry. Station Co. 25,000 00
300 shares (§50) Port., Mt. Des. & Mach.
S. B. Co
shares ($50) St. J. & L. Champ. RR.
1,870 shares Newbnryport, RR
ers RR
471 shares Danver
400 shares Portsmouth Bridge
2-10 shares ($50) St. J. Br. & Ry. Ext. Co.
373 shares Montreal & Atlantic Ry
32 shares Concord & Claremont RR. . .
1 share Proprietors Wells River
Bridge
Total Valuation... ...*
15,000 00
4,303 56
4,110 00
2,345 00
4,000 00
684 00
3,000 00
640 00
90 00
i-18,071 06
BONDS.
VALUATION.
§300,000 Newbnryport RR §-298.464 95
125,000 Danvers RR 125.000 CO
432,000 St. Johnsb. & Lake Champ. RR. 432.000 00
100,000 Central Massachusetts RR 100,000 00
5,450 Woodsville Aqueduct Co 5,618 50
Total Valuation $961,083 45
OTHER INVESTMENTS.
Steamer "Mt. Washington" and Wharves 69.260 24
Elevator at Ricbford, Vt 52,261 43
Real Estate 1,321,82550
Total Valuation $1,443,347 17
POORS MANUAL — BOSTON AND MAINE SYSTEM.
9
There are also held in the treasury on account of the Northern RR., 1,250 shares of the capital
stock of the Franklin and Tilton RR. of a par value of $125,000, heretofore included in reports of stocks
owned, now transferred to improvement account Northern RR.
The $100,000 of bonds of the Central Massachusetts RR., which are also shown as a liability of the
B. & M. RR., in Sec. 10, have since been cancelled.
15. Sinking- Funds.— Balance of funds June 30, 1901— B. & M. improvement bonds, $1,045,306.42;
Eastern RR.bonds, $8,213.61— total, $1,053,520.08. The B. &M. improvement sinking fund is invested as follows:
Cost of $201,000 B. & M. improvement bonds, $204,075.12; cost of $63,000 B. & M. gold 4Js of 1944, $78,838.88;
cost of $150,000 bonds of Portland Union Ry. Station Co., $150,809.32; cost of $69,000 bonds of Maine Central
RR. Co., $71,872.12; cost of $62,000 bonds of Bangor and Aroostook RR. Co., $67,270; cost of $84,000 bonds
of Concord and Montreal RR. Co., $84,498.15; cost of $303,000 Connecticut River RR. scrip, $305,319.81; cost
of 31 shares ($3,100) of Connecticut River RR. stock, $7,734.50; cost of 500 shares ($50,000) of Fitchburg
RR. preferred stock, $71,500; cash on hand, $3,388.52— total, $1,045,306.42.
16. Statement of leased lines on July 1, 1901, showing their terminal points and mile-
age, the dates and terms of leases, aud the annual rental charges :
NAME or ROAD.
TERMINAL POINTS.
Length
of
Road.
Date of
Lease.
Term of
Lease.
Annual
Rental.
From
To
Wakefleld Jc., Mass. .
Danvers, Mass
Miles.
9.26
26.98
8.85
4.50
96.95
14.50
110.30
35.46
2.95
13.16
15.50
10.50
29.59
94.48
82.91
18.51
70.90
22.39
79.85
290.62
20.12
4.21
33.69
4.95
5.19
311.87
17.41
22.93
394.14
5.04
58.58
2.13
May 30, 1853
Feb.21, 1860
Dec. 1,1874
May 15, 1883
April 1,1887
]These 1
leased b
&Lowel
and wen
' theB.&
panyun
of its let
&L. RE
Jan. 1,1886
[•Jan.1,1890
Sept. 1, 1887
Jan. 1,1893
April 1, 1895
IThese !
owned,!
trolled b
i& Mont,
were ace
B. & M
the tern:
of the C
July 1, 1900
Lease? ass
"j dur'gterm
Years.
100
100
99
99
99
i n e s were
y the Boston
IRR.Cornn.,
; acquired by
M . RR. corn-
ier the terms
ise of the B.
50
99 -<
50
99
91
i n e s were
eased or con -
y theConc'd
RR. Co., and
[uired by the
. RR. under
s of its lease
& M. RR.
99
'dbyB.&M.
Fitchb.lease
$
JSce Co.'s
1 statements.
52,500 00
2,925 00
For terms un-
derwhich the
B. & L. RR.
and its aux-
iliary lines
are leased,
see state-
mentsforthe
several Co.'s.
250,000 00
See statement
for Northern
RR. Co.
112,960 00
See page 11.
For terms under
whlrhtheCon'd
& Mont.KK. and
its auxiliary
lines are oper-
ated by the B. &
M. RR. Co. see
the appended
statements for
the several
companies.
See page 12.
1 15,400 00
f See page 12.
Bradford
Newb'p't & Dv.,Mass.
Lowell Jc., Mass
Keunebunkport, Me..
well and AndoverKR
enneb'k & Kenneb'kp'tRR.
oston & Lowell RR. & Brs .
Nashua & Lowell RR
Lowell, Mass
Kennebuuk, Me
See below.
Lowell, Mass
Nashua, N. H
Ct. & Passumpsic Rvs. RR.
Massawippi V'y Ry. & Br. .
Grand Trunk (trackage). . .
Stony Brook RR
White River Jc.,Vt..
See page 10
Canada- Vt. Line
Lennoxville, P. Q
No. Chelmsf d, Mass.
Nashua, N. H
Wilton, N.H
Keene, N. H
Worcester ,Mass
See page 13
Sherbrooke, P. Q ....
Ayer, Mass
Wilton RR
Peterborough RR
Wilton, N.H
Greenfield, N. H
Greenfield, N. H
Rochester, N. H
Manchester & Keene RR . .
roreester, Nas. &R'ch'rRR.
orthern RR & Brs ....
Peterb'gh & Hillsboro' RR.
C. &C. (N. H.)RR. &Br..
anchester & Lawrence RR.
onnecticut River RR
Peterborough, N. H. .
See page 13
Hillsboro'Br., N. H..
Manchester, N. H
Springfield, Mass. . . .
See page 10
Massachusetts Line . .
Keene, N. H., & Brs .
DDCord & Montr'l RR.& Brs.
Nash., Acton & Boston RR.
N.Y..N.H.& H.RR.(tr'k'ge)
Whitef'd & Jeff. RR. & Brs.
Franklin & Tilton RR. . . .
New Boston RR
Concord & Portsmouth RR.
SuncooK Valley RR
Nashua, N.H
North Acton, Mass. . .
Concord June., Mass.
North Acton, Mass. . .
See page 11
Tilton, N. H
Franklin Jc., N. H...
New Boston, N. H . . .
Portsm'h,N.H.,& Spr.
Pittsfield, N. H
Parkers, N. H
Manchester, N. H
Suncook, N. H
Pemigewasset Valley RR. .
itchburg RR & Brandies
Plymouth, N. H
See page 12
Lincoln, N. H...
Troy and Bennington RR. .
Vermont and Mass. RR. . . .
Troy Union RR. (trackage)
Total length, leased lines.
Hoosac June., N. Y. .
See page 12
Vermont State Line..
Troy, N. Y
1,646.42
17. RAILROADS OWNED OB LEASED BY THE BOSTON AND MAINE RR., AND WHOSE OPERA-
TIONS ARE INCLUDED IN SECTIONS 4 AND 15.
Boston and Lowell RR.— Boston, Mass., to Lowell, Mass., 26.75 m.; branches— Mystic, 2.25 m.;
Lexington, 8.11 m.; Woburn, 6.20 m. ; Stoneham, 2.50 m.; Lawrence, 3.21 m.; Bedford and Billerica, 7.63 m.;
Salem and Lowell, 16.80 m. ; Lowell and Lawrence, 12.42 m. ; Middlesex Central, 11.08 m.— total, 06.95 m. ;
total operated (Including one-half of Manchester and Keene RR., 14.80 m.), 111.75 m. ; double track (main
line, 26.75 m.; branches, 15.16 m.), 41.91 m. total track (steel, 253.89 m.). 276.00 miles. Rail, 60 to 72 Ibs.
Chartered June 8, 1830; main line opened June 26, 1835. The branches were acquired on various subsequent
dates as shown in the Manual for 1886, page 167, and in the Manual for 1888, pag« 8. Leased to the Bos-
ton and Maine RR., for 99 years from April 1, 1887; annual rental, 8 p. c. on capital stock, interest on
bonds, aud $7,000 for maintenance of organization. The Boston and Maine RR. assumed this company's
obligations under the leases of the railroads whose statements are subjoined hereto and of the Northern RR.
and its proprietary lines. It Is provided tfiat In the event of the termination of the lease of this road to the
Boston and Maine RR. this company shall become entitled to the remaining term of the lease of the Concord
and Montreal RR. (See statement for Concord and Montreal RR.) Income Account, year ending June 30,
1901.— Rental, $864,069. Payments: Maintenance of organization, etc., $7,000; interest on bonds, $332,-
092; other interest, $2,625; dividends (Jan. and July, 4 p. c. each), $522,352— total, $864,069.
General Balance Sheet, June 30, 1901.
Cost of Road $12,057,694 72
Cost of Equipment 833,583 94
Cash 13,50049
Due from Other Companies 777,318 12
Stocks Owned 384.105 50
Bonds Owned 2,895,000 00
Total Assets - $16,961,20277
Capital Stock ($100 shares) $6,529,400 00
Funded Debt (see Genera: ludex) 8,529,000 00
Unpaid Dividends, Incl. July 1, 1901.. 261.312 00
Interest Unpaid 37,932 50
Miscellaneous 7,728 24
Interest Accrued, not due 59,515 02
Premium and Discount on Bonds 100,251 10
Profit and Loss 1,436,063 PI
Total Liabilities 116,961,202 77
10
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
Funded debt i;onsists of 14 Issues of debenture bonds maturing from May 1, 1903, to Jan. 1, 1921, and
one $1,000 bond due in 1896 but not presented for redemption. The bonds are described in detail iu the
Ueady Reference Bond List — see General Index. Walter C. Baylies, Pres. ; Henry B. Cabot, Treas. &
Clerk, Boston, Mass. Office, Boston, Mass.
RAILROADS LEASED TO THE BOSTON AND LOWELL RR
AND MA
CONNECTICUT AND PASSUMPSIC RIVERS
RR. — White River June., Vt., to Canada Line, 110.30
m.; Massawippi Valley Ry. (leased), Canada Line to
Lennox ville, Que., and branch, 35.46 m. — total,
145.76 m.; total track, 192.53 miles. Rail (steel,
189.39 m.), 56 to 75 Ibs. Chartered Nov. 10, 1835;
entire line opened Oct. 14, 1863. Leased for 99 years,
from Jan. 1, 1887, to the Boston and Lowell RR.
Corp. ; yearly rental, interest on bonds and dividends
of 6 p. c. on capital stock. The Massawippi Valley
Ry., leased for 999 years, from' July 1, 1870, continues
this line into Canada to a junction with the Grand
Trunk Ry. This company owns $400,000 capital stock
of the M. V. Ry. Co., on which the B. & L. pays
dividends at the rate of 6 p. c. a year. Income, year
ending June 30, 1901 (rental, $229,000), $229,045.
Expenses. $3,212. Net income, $225,833. Paid inter-
est on bonds, $76.000; dividends (Feb. and Aug.. 3
p. c. each), $150.000— total, $226,000. Deficit, $167.
Balance Sheet, June 30, 1901. — Capital stock ($100
shares), $2.500,000; funded debt (1st 4s of April 1,
1943, int. A. & 0.), $1,900,000; unfunded debt,
$78,373; income balance, $236,270 — total, $4,714,-
643. Contra: Cost of road, $3,516,525; securities
owned. $763,600; other assets, $434,518 — total,
$4,714.643. Amos Barnes, Pres.; Alden Speare,
Vice-Pres., Boston, Mass.; James H. Williams,
Trens., Bellows Falls, Vt. ; Henry C. Cleveland, Sec.,
Coventry, Vt. Office, 95 Milk St., Boston, Mass.
MANCHESTER AND KEENE RR Keene, N.
H., to Greenfield, N. H., 29.59 miles. Chartered
June 22, 1864; road opened Nov. 29, 1878. Owned by
the Boston and Lowell RR. Corp., and the Concord
and Montreal RR. Co., each one-half. Operated by
the Boston and Maine RR. (See Manual for 1891,
page 67.)
MASSAWIPPI VALLEY RY — Province Line to
Leunoxville, Que., 31.95 m.; Stanstead June, to
Stanstead Plain, 3.51 m.— total, 35.46 m ; total
track (steel; 50 and 60 Ibs.), 42.14 miles. Trackage:
Grand Trunk Ry., Lennoxville to Sherbrooke, Que.,
2.95 miles. Chartered 1862, road opened 1870. Leased
for 999 years, from July 1, , 1870, to the Con-
necticut and Passumpsic Rivers RR. Co., the les-
see to pay interest on bonds and dividends iden-
tical with those paid to its own stockholders. (See
Manual for 1899, page 12.) Capital stock, represent-
ing cost of road, $800,000. William White, Pres.,
Sherbrooke, P. Q. ; John G. Foster, Vice-Pres., Derby
Line. Vt. ; S. Stevens, Sec., Stanstead, P. Q. ; J. H.
Williams, Treas., Bellows Falls, Vt. Office, Rock
Island, Quebec, Can.
NASHUA AND LOWELL RR.— Lowell, Mass.,
to Nashua, N. H., 14.50 m.; 2d track, 14.50 m.;
total track (steel). 39.58 miles. Consol. (1838) of the
Lowell and Nashua a-nd the Nashua and Lowell RR
Cos. Road opened, Dec. 23, 1838. Leased for 99
. CORPORATION AND LEASES ASSUMED BY THE BOSTON
INK RR.
years, from Oct. 1, 1880, to the Boston and Lowell
RR. Co., and lease assumed by the Boston and Maine
KR. The lessee pays a yearly rental of $73,000, being
9 p. c. on the capital stock, and $1,000 for organiza-
tion expenses. Income Account, year ending June 30,
1901. — Rental, $73,000; other receipts, $4,395— total,
$77,395. Payments: Expenses and taxes, $4.405;
dividends (9 p. c.), $72.000— total, $76.405. Surplus.
$990. Balance Sheet, June 30, 1901. — Capital stock
($100 shares), $800,000 interest and dividends un-
paid, $1,800: profit and loss, $159,398 — total, $<)61.-
198. Contra: Cost of road, $684,242; equipment,
$218,243 cash and other assets, $58,713 — total, $961.-
198. Francis A. Brooks, Pres. ; John Brooks, Ti
Alfred S. Hall, Clerk, t Office, 50 State St., Boston,
Mass.
PETERBOROUGH RR. — Wilton to Greenfield,
N. H., 10.50 miles. Rail, steel. Chartered July 7, I860,
road opened Jan. 1, 1874. On April 1, 1893, leased to
Boston and Lowell RR. Co. for 93 years, at 4 p. c.
on capital stock, taxes, and $300 per year for organi-
zation expenses. Rental, year ending June 30, 1901.
$15,700; other receipts, $111— total, $15,811. Kx-
penses, $209. Net income, $15,602. Paid dividends
(4 p. c.), $15,400; Surplus, $202. Balance Shed.
June 30, 1901 — Capital stock. $385,000 unfunded
debt, $2,220, income balance, $213,917— total, $601.-
137: Contra: Cost of road, $595,194; cash, $5.943
—total, $601,137. Virgil C. Gilman, Pres.; Oilman
C. Shattuck, Treas.; Harry W. Ramsdell, Sec.
Office, Nashua, N. H.
STONY BROOK RR.— North Chelmsford. Mass..
to Ayer Junction, Mass., 13.16 m.; total track, 18.75
miles. Chartered March 26, 1845; road opened July
1, 1848. Leased to the Boston and Lowell RR. Co',
for 99 years from Jan. 1, 1S90; annual rental, 7 p. c.
on capital stock and $500 for organization expenses.
Rental, year ending June 30, 1901, $21,500. Paid
dividends (Jan. and July, 1900, 3J p. c. each),
$21,000; expenses, etc., $388 — total, $21,388. Sur-
plus, $112. Balance Sheet, June 30, 1901. — Capital
stock ($100 shares), $300,000; profit and loss, $807
—total, $300,807. Contra: Cost of road, $276.601;
land in Mass., $21,492; cash and other n-
$2,713 — total, $300.807. George F. Richardson,
Pres. ; Frank E. Dunbar, Treas. Office, Lowell,
Mass.
WILTON RR.— Nashua, N. H., to Wilton, N.
H., 15.50 m.; total track, 20.72 miles. Chartered
Dec. 28, 1844; road opened June 10, 1851. Leased to
Boston and Lowell RR. Co. for 99 years; yearly
rental, 8i p. c. on capital stock. Capital stock paid
in ($250,000 auth.), $240,000. Cost of road, $228,353;
depots and buildings, $14,247. H. A. Whiting, Pres. ;
Isaac S. Whiting, Clerk, Wilton, N. H.; William E.
Spalding, Treas., Nashua, N. H. Office, Nashua,
N. H.
Concord and Montreal RR. — Nashua to Groveton June., N. H., 181.07 m. ; Hookset to Bow June.,
N. H., 7.59 m.; Wing Road to Base Station, N. H., 20.17 m. ; Manchester to Henniker. N. H.. 24.50 m.;
Lakeport to Alton Bay, N. H., 17.28 m. ; Profile House to Bethelem, N. H., 12.84 m.; Pittsfield to Centre
Barnstead, N. H.. 4.46 m. ; Belmont June, to Belmont, N. H., 4.17 m. ; Manchester to Milford, N. H.,
18.54 m.— 290.62 ra. ; 2d track, 35.27 m. ; 3d track, 1.35 m. ; sidings. 137.45 m.— total track, 464.69
miles. Rail (steel, 431,13 m.), 56 to 100 Ibs. Proprietary roads: Nashua. Acton and Boston RR. (see
subjoined statement). 20.12 m. ; Whitefield and Jefferson RR. (see subjoined statement), 33.69 m. —
total, 53.82 miles. Leased lines (see subjoined statements for termini): Concord and Portsmouth RR.,
39.87 m. ; Franklin and Tilton RR., 4.95 m. ; New Boston RR., 5.19 m. ; Pemigewasset Valley RR.,
22.93 m. ; Suncook Valley RR., 17.41 m. — total, 90.35 miles. The branch from East Epping to Hedding
Camp Ground, 0.78 m., was taken up in Oct., 1900. The branch from Manchester to Milford, N. H.,
18.54 m., was put In operation on Dec. 31, 1900. The, Lake Shore RR. (17.28 m.). the Profile and Fran-
conia Notch RR. (12.84 m.), the Suncook Valley Extension RR. (4.46 m.) and the Tilton and Belmont
RR. (4.17 m.), proprietary roads, were absorbed in March, 1901. An electric branch is projected from
Concord to Nashua, N. H., and the section between Concord and Manchester is under construction and
expected to be in operation by the summer of 1902. The Concord and Montreal RR. is a consolidation,
Sept. 19, 1889, of the Boston, Concord and Montreal RR. and the Concord RR. Corporation. The con-
stituent companies. retain a nominal corporate existence so as not to impair the validity of certain
leases and contracts which cannot legally pass to the consolidated corporation; and so long as they
continue corporations the Concord and Montreal RR. is obliged to pay to the Concord RR. Corporation
$500 a year, and to the Boston, Concord and Montreal RR. $300 a ye?r. for organization expenses.
The railroads owned, leased, and controlled by this corporation are leased to the Boston and Maine RR.
for 91 years from April 1, 1895, the lessee assuming all liabilities of this company, and agreeing to
pay as rental dividends of 7 p. c. per annum on the capital stock. The lease further provides, that in
the event of the termination of the lease of the Boston and Lowell RR. to the Boston and Maine RR..
the former shall become entitled to the remaining term of the lease of the Concord and Montreal RR.
POOK'S MANUAL — BOSTON AND MAINE SYSTEM.
11
General Balance Sheet, June 30, 1901.
Construction $11,305,712 75
Securities Owned 1,345,894 99
Other Permanent Investments.
Trustees C. & M. RK. 4 p. c. Bonds..,
B. & M., Lessee, C. & M. Imp. Acct..
B. & M., Lessee, Manch. & Milf. Br..
B. & M. UR., Lease Account
Cash oil Ha ml
945,496 20
500,000 00
177,357 04
12,603 20
17,715 20
1,577 25
Capital Stock (see below) $7,197,600 00
Funded Debt Outstanding 7,050,500 00
Dividends and Coupons Unpaid 1,285 00
B., C. & M., Organization Expenses.. 482 30
B. & M. RR. Advances 11,785 40
Profit and Loss 44,703 93
Total Liabilities $14,306,356 63
, having preference for dividends up to 6 p. c.
Total Assets $14,306,356 63
CAPITAL STOCK is divided into four classes— Class 1, ,
over Class 4, $5,397,600; Class 2, $540,400, having preference for dividends up to 6 p. c. over Class 3, $459,-
600. Dividends on Classes 1 and 4 were payable from net earnings; on 2 and 3, from savings in interest
under refunding plan. All classes now receive 7 p. c. per annum, under the lease to the B. & M. RR.
FUNDED DEBT outstanding on June 30, 1901, consisted of $500 old 6 p. c. bond of B.,C. & M. RR. ; $500, OOo
B., C. & M. RR. improvement rntge. 6s of July 1, 1911, int. J. & J.; $5,500,000 C. & M. RR. consol. 4s of
June 1, 1920, int. J. & D. ; $650,000 debenture 4s of June 1, 1920, int. J. & D. ; and $400,000 ($500,000 auth )
debenture 3^s of Dec. 1, 1920, int. J. & D. A fuller description of the bonds will be found in the Ready
Reference Bond List — see General Index. The B., C. & M. RR. improvement mtge. bonds are secured
by first mortgage on the line from Concord to Groveton June., N. H., and on the branch from Wing
Road to Base of Mount Washington. The C. & M. RR. consols are secured by first mortgage on thi line
from Nashua to Concord, N. H., and are also secured on the remainder of the property owned by the
company on June 2, 1890, but subject to the lien of the B., C. & M. improvement mortgage. The cousol.
mtge. trustee (Boston Safe Deposit and Trust Co.) holds $500,000 of the bonds for retirement of prior
liens. The debenture 3Js of 1920 were issued for the construction of the branch from Manchester to
Milford, N. II. An issue of $1,000.000 In bonds has been authorized for the construction of an electric
line from Concord to Nashua, N. II.
Securities owned consist of tut' following: Whitefield and Jefferson RR., 7,643 shares, $789,300;
Pemigewasset Valley RR., 381 shares, $3S,100; Franklin and Tilton Ry., 1.250 shares, $125,000; Suncook
Valley RR., 630§ share?, $63,060; Mt. Washington Ry., 1,099 shares, $109,900; New Boston RR., 240
shares, $24,000; stocks and bonds from B., C. & M. RR., $196,534.99 — total, $1,345,894.99.
Other Permanent Investments consist of the following: Nashua, Acton and Boston RR., $306,184.36;
Manchester and Keene RR., $308,011.33; Pemigewasset Valley Stage Line (J interest), $1,733.35;
Pemigewasset House, $83.435.30 Rindge's Wharf, Portsmouth. $51,507.72; Mt. Washington Turnpike Co.,
$162.54; Fabyan Hotel Co., $171,459.34; Pemigewasset Valley RR., construction, $12,772.92; Whitefield
and Jefferson RR., construction, $10,229.34 — total, $945,496.20.
Corporate Officers: Benj. A. Kimball, Pres. ; John F. Webster, Treas. ; Frank S. Streeter, Clerk. Corporate
Jfflce, Concord, N. H.
RR. Co. AND OPERATED BY THE BOSTOK AND MAINE
BE OP JUNE 29, 1895.
Wason, Pres., New Boston, N. H.; J. F. Webster,
Treas. & Clerk, Concord, N. H. Office, Concord,
Offic
LINES OWNED OB LEASED BY CONCORD AND MONTREAL
RR. UNDER THE LEA
CONCORD AND PORTSMOUTH RR.— Ports-
mouth to Manchester, N. H., 40.40 in. > total track
(steel, 43.81 m.), 54.25 miles. (For history, see
Manual for 1888.) Leased in 1861 for 99 years to
the Concord RR. Co., at 7 P.. c. on $350,000 stock,
and $500 for organization. J. J. Pickering, Pres.,
Portsmouth, N. H.; W. B. Stearns, Treas., Man-
chester, N. H. ; W. Hackett, Clerk, Portsmouth, N. H.
Office, Manchester, N. H.
FRANKLIN AND TILTON RR.— Tilton to
Franklin Junct., N. H., 5 miles. Chartered Aug.
4, 1887; charter amended July 30, 1889; road
opened June 1. 1892. Leased Oct. 8, 1895, to the
Concord and Montreal RR. Co., for 91 years from
April 1, 1895, at a rental of $1 a year. Lease
assigned to the Boston and Maine RR. Balance
Sheet, June 30, 1901. — Capital stock, $250,000 in-
come balance, $4,598 — total, $254,598. Contra:
Cost of road, etc., $250,000; other assets, $4,598.
B. A. Kimball, Pres., Concord, N. H. ; F. Proctor,
Treas.; E. G. Leach, Sec., Franklin Falls, N. H.
Office, Franklin Falls, N. H.
NASHUA, ACTON AND BOSTON RR.— Nashua.
N. H., to Acton, Mass., 20.12 m.; total track (steel.
21.36 m.), 25.26 miles. Chartered April 10, 1871;
opened July 1, 1873. Controlled by the Concord and
Montreal RR. Co. Operated by the B. & M. RU.
under the lease of the C. & M. RR. Balance Sheet,
June 30, 1901.— Capital stock, $500,000; funded debt
(1st 6s of Oct. 1, 1894, interest ceased). $500.000;
unfunded debt, $709.9S3— total, $1.709,983. Contra:
Cost of road. $1.057,031; cash assets, $6,258; profit
and loss, $646,094. B. A. Kimball, Pres.; J. F.
Webster, Treas. & Clerk. Office, Concord, N. H.
NEW BOSTON RR,— Parker's Station, in Goffs-
town, N. H., to New Boston. N. H., 5.19 m.; total
track (steel. 5.37 m.), 5.98 miles. Chartered Feb.
19. 1891; opened June 26. 1893. Leased June 21.
1893, for 99 jears. to the C. & M. RR. Co.; annual
rental, 4 p. c. on $70,000 capital stock. Operated by
the B. & M. RR. under the lease of the C. & M. RR.
Capital stock, representing cost, etc., $84,000. G. A.
PEMIGEWASSET VALLEY RR.— Plymouth to
Lincoln, N. H., 22.93 m.; total track (steel, 23.67 m.),
30.64 miles. Rail, 56 Ibs. Chartered July 9, 1874;
road opened March 1, 1883. Leased till Feb. 1, 1982,
to the C. & M. RR. Co. Rental, 6 p. c. on stock and
$300 for organization expenses. Operated by the B.
& M. RR. under the lease of the C. & M. RR. Bal-
ance Sheet, June 30, 1901. — Capital stock (auth., $2.
000.000), $541,500; profit and loss, $386— total,
$541,886. Contra: Cost of road, etc.. $541,262;
other assets, $624 — total, $541,886. B. A. Kimball,
Pres., Concord, N. H.; J. F. Webster, Treas.; G.
H. Adams, Clerk, Plymouth, N. H. Office, Con-
cord, N. H.
•
SUNCOOK VALLEY RR.— Suncook to Pittsfield,
17.41 m.; total track, 20.93 miles. Rail (steel, 14.35
in.). 67 Ibs. Chartered July 1, 1863; road opened in
1809. Leased for 42 years from Jan. 1, 1870, at a
yearly rental of 6 p. c. on $240,000 stock and $300
for organization expenses. Balance Sheet, June 30,
1901. — Capital stock, $341.700; contribution, $8.-
606; income balance, $354 — total, $350,750. Contra:
cost of road, etc.. $348,199; cash, $2,551— total,
$350.750. H. A. Tuttle, Pres., Pittsfield, N. H. ;
W. M. Parker, Treas.; N. P. Hunt, Clerk, Man-
chester, N. H. Office, Manchester, N. H.
WHITEFIELD AND JEFFERSON RR.— White-
field to Berlin, 30.21 m. ; Jefferson Meadows to Jef-
ferson, N. H., 3.48 m.— total. 33.69 m. ; total track,
43.55 miles. Rail (steel, 39.97 m.), 50 and 56 Ibs.
Chartered July 11. 1878: road opened in July, 1879,
and June, 1893. Stock all owned (except 250 shares)
by the C. & M. RR. Co. Operated by the B. & M.
RR. under the lease of the C. & M. RR. Capital
stock ($100 shares), representing cost of road, etc.,
$789.300. B. A. Kimball, Pres.; J. F. Webster,
Treas. & Clerk, Concord, N. H. Office, Concord,
N. H.
Connecticut River RR.— Springfield, Mass.,
to Keene, N. H.. 74 m.; Chicopee to Chicopeo Falls,
M:iss.. 2.35 m.; Mount Tom to Easthampton, Mass.,
3.50 m.— total, 79.85 m.; 2d track, 36 m.: totnl track
(steel; 56 to 72 Ibs.), 175.76 miles. Consolidation.
Feb. 9, 1890, of the Connecticut River and the Ashue-
lot RR. Cos. (See Manual for 1890, page 22.) Leased
to the Boston and Maine RR., for 99 years, from
Jan. 1, 1893; annual rental, interest on bonds and on
scrip, 10 p. c. on capital stock and $2,000 for organi-
12
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
zatlon expenses. Balance Sheet, June 30, 1901. —
Capital stock ($100 shares), $2,630,000; funded debt
isc.' below), $2,580,000; unfunded debt, $108,-
<;I7; interest accrued, not due, $13,333 — total, $5,-
331,980. Contra: Cost of property, $3,981,781;
stocks and investments, $603,207; other assets,
$552,717; profit and loss, $194,275— total, $5,331,-
980. Funded debt: $1,290,000 4 p. c. scrip of Jan.
1, 1903, int. J. & J. ; $1,000,000 4 p. c. gold bonds
of Sept. 1, 1943, int. M. & S.; and $290,000 3J
p. c. bonds of Jan. 1, 1921, int. J. & J. The scrip
is payable in bonds or in cash at the option of the
company. W. Whiting, Pres., Holyoke, Mass.; W.
G. Mclntyre, Treas. & Clerk, Springfield, Mass.
Office, Springfield, Mass.
Danvers RR. — Wakefield June, to Danvers,
Mass., 9.26 m.; total track (steel; 60 to 75 Ibs.),
11.70 miles. Chartered March 15, 1852; road opened
May 10, 1854; leased May 30, 1853, for loo years, lo
Boston and Maine RR., 'the lessee guaranteeing
6 p. c. on $125,000 bonds, now owneu by Itself. No
account of the interest is made in the books of either
company. Capital stock (par, $100), $67,500; funded
debt (coupon 6 p. c. bonds, issued March 1, 18.15. due
March 1, 1875), $125,000; unfunded debt, $25,OnO;
profit and loss, $22,178— total, representing cost of
road, etc., $239,678. Lucius Tuttle, Pres.; H. E.
Fisher, Treas.; W. J. Hobbs, Aud. ; W. B. Lawrence,
Clerk. Office, Boston, Mass.
Fltcliburg1 RR. — Boston to Fitchburg, Mass., 49.65 m. ; Greenfield, Mass., to Rotterdam, N. Y.,
105.25 m. ; Vermont to Troy, N. Y., 40.30 m. ; Ashburnham June., Mass., to Bellows Falls, Vt., 53.85 m. ;
Boston Ice Track, in Charlestown, Mass., 0.66 m. ; West Cambridge to Waltham, Mass., 6.63 in. ; South
Acton to Marlborough, Mass., 12.35 m. ; Ayer, Mass., to Greenville, N. H., 23.64 m.; Worcester to
Wihchendon, Mass., 35.74 m. ; Ashburnham to South Ashburnbam, Mass., 2.59 m. ; Wiuchendon, Mass.,
to Peterborough, N. H., 15.93 m. ; Saratoga to Schuylerville, N. Y., 25.82 m. ; Ayer, Mass., to
Milford, N. H., 21.73 m.— total, 394.14 m. ; 2d track 116,97 m. ; 3d track, 3.90 m. ; 4th track, 2.02 m. ;
sidings, 252.31 miles. Rail (steel), 60,72, 76, and 85 Ibs. For list of equipment, June 30, 1900. see
Manual for 1901, page 5. This company is the outcome of various consolidations, for particulars of
which see Manuals for 1890, 1893, and 1896. The property is leased for 99 years from July 1, 1900, to
the Boston and Maine RR., the lessee assuming all obligations of this company, and agre'eing to pay,
as rental, dividends at the rate of 5 p. c. per annum on the outstanding preferred stock and 1 p. c.
per annum on tbe outstanding common stock, together with $7,000 per annum for organization expenses.
In connection with the lease of this road, the Boston and Maine RR. purchased the $5.454,000 outstanding
common stock of the company. The remainder of the $7,000,000 of common stock, which was held in the
treasury of the company, was turned over to the Boston and Maine RR. under the terms of the lease. It
is provided in the lease that stock of this company owned by or held for the lessee shall not be voted
at any stockholders' meeting during the continuance of the lease. The dividends under the lease are
payable quarterly, on the 1st of Jan., April, July and Oct.
General Balance Sheet, June 30, 1901.
Construction Account $45,593,870 21
Investments ($368,253.48):
Fitchburg RR. Preferred Stock 60,89586
Fitchburg RR. Com. Stock 305,90762
Windsor Co 1,450 00
Cash 10,518 31
Boston and Maine RR., Lessee 936,03406
Boston and Maine RR. Rental 60,805 00
Accounts Due 15,608 90
TROY AKD BENNINGTON RR.— Hoosae June,
to Vermont State Line, 5.04 m.; total track, 5.78
miles. Chartered May 27, 1851; opened Aug. 1, 1852.
Leased in perpetuity at an annual rental of $15,400,
which provides for interest on bonds, organization ex-
penses, and semi-annual dividends of 3 p. c. each.
Balance Sheet, June 30, 1901.— Capital stock ($100
shares), $150,800; income surplus, $90,194— total,
$240,994. Contra: Cost of road, $236,953; cash,
$4,040 — total, $240,994. Win. F. Gurley, Pres.;
Paul Cook, Sec. & Treas. Office, 514 Fulton St.,
Troy, N. Y.
VERMONT AND MASSACHUSETTS RR.—
Fitchburg to Greenfield, Mass., 56 m.; Turner's Falls
Branch, 2.80 m.— total, 58.80 m. ; 2d track, 56 m. ;
total track (steel, 112 m.), 144.99 miles. Consolida-
tion of the Vermont and Massachusetts and the
Brattleboro' and Fitchburg RRs. Road opened April
15, 1849. Leased for 999 years from Jan. 1, 1874;
rental, interest on bonds, 6 p. c. on stock, and $3.000
for organization expenses. Balance Sheet. June 30,
1901.— Capital stock. $3.193,000; funded debt (1st 5s
of May 1, 1903), $1,000,000; unpaid dividends, $9.532;
Fitchburg RR. Co. account improvements, $1,756,737;
profit and loss, $172,215— total, $6,131,484. Contra:
Cost of road and equipment, $6.121,892; other in-
vestments, $9,591 — total, $6,131,484. C. E. Ware,
Pres., Fitchburg, Mass.; F. N. Poor, Troas., Boston,
Mass.; B. D. Locke. Sec., Arlington, Mass. Office,
53 Devonshire St., Boston, Mass.
Kennebnnk and Kennelmnlcport RR.
— Kennebunk. Me., to Kennebunkport, Me., 4.50 m. ;
total track, 5.40 miles. Organized Aug. 16, 1882;
road opened June 18, 1883. Leased from completion,
for 99 years, to the Boston and Maine RR. Rental,
4i p. c. annual dividends on $65,000 capital stock,
which represents the total cost of road and real
estate. E. P. Burnham, Pres., Saco, Me.; J. A.
Titcomb, Treas. ; W. L. Dane, Clerk, Kennebunk,
Me. Office, Kennebunkport, Me.
Lowell and Andover RR.— Lowell to Lowell
June., 8.85 m.; 2d track, 7.28 m. ; total track, 22.2
miles. Rail (steel. 21.72 m.). 72 Ibs. Chartered Feb.
5, 1873; road opened in Dec., 1874. Leased to the
B. & M. RR. for 99 years, from Dec. 1, 1874, at an
annual rental Of $52,500. Total income, year ending
June 30. 1900, $52,536. Paid expenses and taxes,
$210; dividends (8 p. c.), $50.000— total, $50.210.
Surplus, $2,326. Capital stock (par. $100). $625,000;
profit and loss, $146,887— total, $771,887. Contra:
Capital Stock, Pref. ($100 shares).. .$17,360,000 00
Capital Stock, Common ($100 shares). 7,000,000 00
Funded Debt Outstanding (see below) 21,164,000 00
Current Liabilities 134, 175 80
B. & M. RR. Lease Improvements.... 540,660 90
Profit and Loss, Surplus 786,25335
Total Assets $46,985,090 05 Total Liabilities $46,985,090 05
Funded debt outstanding on June 30, 1901, consisted of the following: $573,000 T. & B. RR. 1st 7s
of July 1, 1924; seven issues, amounting to $4,978,000, of F. RR. plain 5s, maturity from Oct. 1, 1901,
to May 1, 1908; $100,000 B. & P. RR. plain 5s of Dec. 1, 1911; $500,000 F.RR. plain 4is of May 1,
1914; ten issues, amounting to $14,113,000, of F. RR plain 4s, maturing from March 1, 1903, to Feb. 1.
1937; and $500,000 F. RR. plain 3Js of Oct. 1, 1920. Full details of the funded debt will be found in
the Ready Reference Bond List — see General Index. On Sept 25, 1901, the stockholders voted authority
for an issue of not exceeding $2.000,000 of plain 3i p. c. bonds to provide means for the payment of
$1,000,000 5 p. c. bonds due $500,000 on Oct. 1, 1901, and $500,000 on April 1, 1902, to reimburse the
B. & M. RR. $540.661 expended on permanent improvements to the property, and to provide for further
improvements. Under date of Oct. 1, 1901, $1,000,000 of the bonds were issued, and under date of April
1, 1902, $500,000 additional, both lots to mature Oct. 1, 1921. Moses Williams, Pres.; D. A. Gleason,
Treas. Paul Crocker, Sec. & Clerk, Boston, Mass. Office, Boston, Mass.
RAILROADS LEASED BY THE FITCHBURG RR. Co., AND LEASES ASSUMED BY THE BOSTON AND MAINE RR.
FOR 99 YEARS FROM JULY 1, 1900.
POORS MANUAL — BOSTON AND MAINE SYSTEM.
13
Cost of road, $767,050; cash, $4,837— total, $771,887.
F. Ayer, 1'res. ; A. K. Chadwick, Treas. ; G. Hovey,
Clerk. Otik-e, Lowell, Mass.
Manchester and Lawrence RR.— Man-
chester, N. H., to Massachusetts Line, 22.39 m.;
total track (steel, 30.36 m.), 33.28 miles. Rail,
GO to 75 Ibs. Chartered June 30, 1847; road
<.p. ned Nov. 13, 1849. Leased to the B. & M.
lilt., for 50 years, from June 1, 1887; yearly rental,
interest on bonds. 10 p. c. on stock, and $2,000 for
organization expenses. Balance Sheet, June 30,
lOdl. — Capital stock ($100 shares), $1,000,000;
funded debt (real estate 4s of Jan. 1, 1922, Int.
J. & J.), $274,000; unfunded debt, $6.644; Income
balance. $150.4 4S— total. $1,431,092. Contra: Cost
of property. $1.279.069; stocks and other Invest-
ments, $22.340; other assets, $129,683 — total, 1,431,-
092. J. W. Sanborn, Pres., Sanbornville, N. H. ;
Genrce II. Chandler. Clerk & Treas., Manchester,
N. II. Office. Manchester, N. H.
\c-wlmryport RR.— Bradford to Newburyport,
and r,eon,'t'town to Danvers, 26.98 m.; total track
(steel, 30.20 m.), 31.72 miles. Rail, 60 and 75 Ibs.
Consol., Feb. 22, 1855, of the Newburyport and the
Danvers and Georgetown RRs.; the former opened In
1851, the latter in 1854. Leased to the B. & M. RR.
for 100 years from Feb. 21, 1860. The B. & M. RR.
took up the bonds of this company, at 70 p. c. of
their face value, and holds them in its treasury.
This occasioned an outlay of $225,000 by the lessee,
besides which this company became indebted to it in
the further amount of $75,000. At the expiration of
the lease this total sum of $300,000, without interest,
will be repayable to the B. & M. RR. Capital stock,
$220,340; funded debt, $300,000; profit and loss. $77,-
046— total, representing cost of road, $597,386. The
bonds of this company, all of which are owned by
the lessee, and for which the liability of this com-
pany at the termination of the lease is, as per con-
tract, $300,000, are as follows: $3,900 dated Nov. 15,
1849, due Nov. 15, 1852, interest M. & N.; $30,200
dated Oct. 16, 1851, due Oct. 16, 1854, interest A. &
O.; $113,100 dated Dec. 15. 1852, due Dec. 15, 1857,
interest J. & D.; $298,600 dated March 1. 1855, due
March 1, 1870, interest M. & S.— total, $445,800.
Lucius Tuttle, Pres. ; H. E. Fisher, Treas. ; "W. J.
Hobbs, Aud.; W. B. Lawrence, Clerk. Office. Boston,
Mass.
Northern RR.— Concord, N. H., to White River June., Vt., 69750 m. ; Franklin to Bristol, N. H., 13.41
m.— total, 82.91 m.; total track, 113.32 miles. Rail (steel, 103.88 m.), 65, 72, and 80 Ibs. Chartered Dec. 27,
1844; road opened Nov. 29, 1847. The Franklin and Bristol RR. was acquired by consolidation Jan. 31, 1849.
(For interest in Concord and Claremont and Peterborough and Hillsborough RRs., see appended state-
ments: also Manual for 1890.) Leased for 99 years from Jan. 1, 1890, to the Boston and Lowell RR.
Corp., and lease assigned to the Boston and Maine RR.; yearly rental, 6 p. c. Income Account, year
ending June 30, 1901. — Received from Boston and Maine RR., as per contract. $189,104; other receipts, $530
—total, $189,643. Payments: Expenses, $5,025; dividends (6 p. c.) $184,104— total, $189.129. Surplus,
$."14- surplus forward, $11,784; proceeds of sale of 35 shares No. Pac. RR. common stock, $4,347 — total,
$1<; <;tr.. Balance Sheet, June 30. 1901.— Capital stock ($100 shares), $3.068,400; dividends not called
f«r S2627- income balance, $16,645 — total, $3.087,671. Contra: cost of road, $3,068,400; cost 35 shares
preferred stock, No. Pac. RR.. $1,067; cash, $18.204— total, $3.087,671. A. W. Sulloway, Pres.,
Franklin Falls, N. H. ; G. T7. Crocker, Treas., Boston, Mass.; H. W. Stevens, Sec., Cnncord, N. H.
Office, 19 Milk Street, Boston, Mass.
PROPRIETARY LINES OF THE NORTHERN* RR. Co.
CONCORD AND CLAREMONT (N. H.) RR.—
Concord, N. H., to Claremont June., N. H., 56.3
m ; Contoocookville to Hillsborough Bridge. 14.6
m.— total, 70.90 m.; total track (steel. 75.89 m.),
83.77 miles. Rail, 62 Ibs. Consolidation (Oct.
31, 1873) of the Merrimac and Connecticut Rivers,
the Sugar River and the Contoocook River RRs.
Cunt rolled by the Northern RR. Co., which owns
practically all of the capital stock, and also owns
$254.245.72 of the floating debt. Operated since Jan.
1, 1890, by B. & M. RR. Rental, interest on
bonds. Balance Sheet. June 30. 1901. — Capital
stock. $412,400; funded debt (1st gold 4*s
of Jan. 1, 1914, int. J. & J.). $500,000; un-
funded debt, $254.246— total, $1.166.646. Contra:
Cost of road, $1,131,206; profit and loss, $35.439 —
total. $1,166,646. A. W. Sulloway, Pres., Franklin
Fall;. N. n.; G. U. Crocker, Treas., Boston, Mass.;
G. W. Stone. Sec., Andover, N. H. Office, 19 Milk
St., Boston, Mass.
PETERBOROUGH AND HILLSBOROUGH RR.
-Peterborough, N. HTto Hillsborough Bridge, N. H.,
18.51 m.; total track, 21.25 miles. Chartered July 7,
is»;«i;. road completed July 5, 1878. Operated under
contract since Jan. 1, 1890, by the B. & M. RR.
Interest on 1st mtge. bonds guaranteed under the
lease of the Northern RR. Co. to the B. & M. RR.
No interest paid on 2d mtge. bonds, the entire issue
being owned by the Northern RR. Balance Sheet,
.Tune :«1. 1901. — Capital stock. $45,000; funded debt
($100.000 1st 4}s of July 1. 1917. int. J. & J.; and
$65,000 2d 7s matured April 30, 1887, interest
ceased), $165.000; gratuity. $8.626; coupons ac-
crued and unpaid, $112,181— total, $330.807.
Contra: Construction. $209.298; Northern RR., $925;
profit and loss, $120,584— total, $330.807. The
stock and the 2d mtge. bonds are owned by the
Northern RR. A. W. Sulloway, Pres., Franklin
Falls N. H. : G. U. Crocker. Treas., Boston, Mass.;
Barron Shirley. Clerk. Franklin, N. H. Office, 19
Milk St., Boston. Mass.
Worcester. Nashua and Rochester RR.
—Worcester, Mass., to Rochester, N. H., 94.48 m. ;
2d track. 18.13 m.; total track. 157.03 miles. Rail
(steel, 145.16 m.), 58 to 60 Ibs. Consolidation, Dec. 1,
1883. of the Worcester and Nashua and the Nashua
and Rochester RR. Cos. (See Manual for 1885. page
81.) Leased to the B. & M. RR., for 50 years from
Jan. 1, 1886; rental. $250.000 a year. Total income,
year ending June 30, 1901, $250,051. Expenses,
$2.527; interest on bonds, $71.040; interest and dis-
crmnt, $2.975: dividends (5J p. c.). $176.203— total.
S2.-2.745. Deficit. $2.695. Balance Sheet. June
30. 1901. — Capital stock ($100 shares), $3.099,800;
funded debt (see below), $1.776,000; unfunded debt,
$70.000; other liabilities, $31,840— total, $4,977,640.
Contra: Cost of road and equipment, $4,553,921:
other investments, $35,400; cash, $41,523; profit and
loss. $346.796— total, $4.977.640. Funded debt:
$150.000 4s of Jan. 1. 1906, Int. J. & J. ; $735,000
1st 4s of Jan. 1. 1930, int. J. & J.; $511,000 1st
4s of Jan. 1. 1913. int. J. & J.; and $380,000 1st
4s of Oct. 1, 1934, int. A. & O. C. G. Haven.
Pres., New York, N. Y. ; C. H. Bowen, Treas. &
Clerk, 53 State St., Boston, Mass. Office, Boston,
Mass.
18. Board of Directors, Boston and Maine RR., elected October 9, 1901.
Joseph H. White. .Brookline, Mass.
Lucius Tnttle Boston, Mass.
Samnel C. Lawrence. Medford, Mass.
Richard Olney Boston, Mass.
A. W . Sulloway Franklin, N. H
Henry M. Whitney. .Brookline,Mas8.
Henry F. Dimock. .New York, N.Y.
William Whiting Holyoke. Mae*.
Charles M. Pratt. . .New York, N. Y.
Walter HnnnewelI..Wellesley, Mass.
Henry R. Reed Boston, Maps.
Lewis C. Ledyard . .New York, N. Y.
Alexander Cochrane . . Boston, Mass.
Lucius TUTTLE, President Boston, Mass.
1st V.-P. & Gen. MQr.—T. A. Mackinnon. Boston, Mass. I Compf. & Gen. Aud.— William J. Hobbs.Boston, Maes.
Zd V.-P. <fe Gen. Tr. Mr.ir.— W. F. Berry. " " | Treasurer— Herbert E. Fisher
Cleric— William B. Lawrence Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Causeway Street, Boston, Mass.
14
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
BOSTON AND MAINE SYSTEM. — Railroads Operated by the Boston and Maine
RR. as Agent for the Owners.
SULLIVAN COUNTY RR.— Bellows Falls, Vt., to Windsor, Vt., 26 m. ; 2d track,
17.4 m.; total^rack (steel; 56 to 72 Ibs.), 50.69 miles. Gausre, 4 ft. 8£ in. Chartered July
10, 1846 ; opened Feb. 5, 1849. Controlled by the Vermont Valley RR. Co. of 1871 through
ownership of entire capital stock. Operated hy the Boston and Maine RR., as agent. (See
MANUAL for 1896, page 418.) The track of the C. V. RR., between Connecticut River Bridge
and Windsor, 1 m., is used under contract. The company owns 9 locomotives.
Operations, year ending June 30, 1901. — Train mileage — passenger, 73,843; freight,
119,437 ; other, 87,525 — total, 280,805 miles. Passengers carried, 205,871 ; carried one mile,
4,148,992 ; average mile rate, 2.212 cents. Tons freight moved, 767,445 ; moved one mile,
18,058,228 ; average ton-mile rate, 0.907 cent.
Expenses — Maint. of Way and Structures ... $61 ,194 18
Maintenance of Equipment G8,690 74
Conducting Transportation 61,077 !I7
General .... 7.111 74
Earnings— Passenger $91,76761
Freight .' 167,336 54
Mail and Express 11,328 26
Misc., Extra Baggage and Storage 1,683 21
Total ($10,465.98 per mile) $272,115 62 Total (§7,641.33 per mile) $198,674 03
Net earnings (26.99 p. c.), f73,440.99 ; add rent receipts, $426.17— total, $73,867.16.
Payments : Interest on bonds, $14,280 ; track rentals, $6,000.04 ; taxes, $13,420.19 ; dividends
(Oct. 1, 1900, and April 1, 1901, 4 p. c. each), $40,000— total, $73,700.23. Surplus, $166.93 ;
surplus forward, $131,101.09— total, $131,268.02.
General Balance Sheet, June 30, 1901.
Cost of Road
Cost of Rolling Stock.
Mill Brook Bridge
Double Track
888,755 37
98,175 10
11,688 70
40,000 00
Capital Stock ($100 shares) $500,000 00
Funded Debt (1st 4s of April 1, 1924) . . . 357,000 00
Vermont Valley RR. Co. of 1871 21,150 67
Accrued Interest not yet Due 3,57000
Boston and Maine RR '25,63048
Profit and Loss 131,268 02
Total Assets $1,038,619 17 Total Liabilities $1,038,619 17
Directors (elected May 30, 1901).— J. H. Albin, H. A. Albin, Concord, N. H.; J. H.
Williams, Bellows Falls, Vt. ; Geo. H. Stowell. Claremont, N. H.; Qeo. W. Abbott, Penacook,
N. H.; Geo. E. Anderson, Nashua, N. H.; A. T. Batchelder, Keene, N. H. OFFICERS : JOHN
H. ALBIN, Pres.; H. A. Albin. Clerk & Treas., Concord, N. H. CORPORATE OFFICE, Con-
cord, N. H. Operating Office, Boston, Mass.
VERMONT VALLEY RR. -Bellows Falls, Vt., to Brattleboro', Vt., 24 m.; Total
track (steel; 56 to 72 Ibs.), 29.88 miles. Gauge, 4 ft. 8^ in. During the year it was decided
to double-track the road between Westminster and Bellows Falls, about 4 miles, and
$16,622.93 had been expended on the work on June 30, 1901. Vermont Valley RR. Co.
chartered Nov. 8, 1848, and road opened in 1851. Present company got possession of prop-
erty April 5, 1877. Controlled in the interest of the Connecticut River RR. Co., and operated
by the Boston and Maine RR., as agent. (See MANUAL for 1896, page 419.) This company
owns all the capital stock of the Sullivan County RR. (See preceding statement; also MANUAL
for 1891, page 560.) Locomotives, 9. Cars — passenger, 4 ; baggage, 1 ; freight (box, 6:> ;
flat, 32; coal, 32), 127; service, 7— total, 139.
Operations, year ending June 30, 1901. — Train mileage — passenger, 69,288 ; freight,
97,272 ; other, 44,240— total, 210,800 miles. Passengers carried, 185,945 ; carried one mile,
3,912,245 ; average mile rate, 2.232 cents. Tons freight moved, 628,067 ; moved one mile,
14,909,948 ; average ton-mile rate, 0.958 cent.
Earnings— Passenger $87,336 15
Freight 146,451 65
Mail and Express 10.459 71
Misc., Extra Baggage 1,164 31
Expenses— Maint. of Way and Structure's... $51,739 99
Maintenance of Equipment 83,099 54
Conducting Transportation 46,707 22
General Expenses 4,5f-',i 85
Total ($10,225.49 per mile) $245,411 82 Total ($7,755.40 per mile) $186,129 60
Net earnings (24.16 p. c.), $59,282.22 ; add rents of lands, etc., $1,993.47 : dividends on
stocks owned, $48,000— total, $109,275.69. Payments: Interest on bonds, $40,000; sundry
track rentals, $2,999.92 ; dividends (Jan. 1 and July 1, 3 p. c. each), $60,000; taxes, $6,168.52
—total, $109,168.44. Surplus, $107.25; surplus forward, $122,377.05— total, $122,484.30.
General Balance Sheet, June 30, 1901.
Cost of Road and Real Estate $983,972 22 [Capital Stock ($50 shares) $1,000,000 00
Cost of Rolling Stock 96,95907 ™— J J ~-*-A '*-- •- -*
Stock Sullivan Co. RR. Co., 5,000 shares. 800,000 00
Boston and Maine RR 62,527 34
Sullivan County RR 21,150 67
Total Assets $1,964,609 30
Funded Debt (1st 5s of Oct. 1, 1910).. 800,000 00
Dividend No. 44, due July 1, 1901 30,000 (XI
Vouchers and Accounts 12.125 <:0
Profit and Loss 122,484 3D
Total Liabilities $1,964,609 30
POOR'S MANUAL OF RAILROADS. 16
Directors (elected Oct. 2, 1901).— James H. Williams, Bellows Falls, Vt.: John H. Albin,
Concord, N H.; Hugh Henry, Chester, Vt.; H. E. Folsom, Lyndonville, Vt.; W. B. C. Stick-
ney, Bethel, Vt. ; H. B. Viall, Keene, N. H. OFFICERS : JAMES H. WILLIAMS, Pres. ; John
H.Williams, Clerk & Treas., Bellows Falls, Vt. CORPOKATE OFFICE, Bellows Falls, Vt.
Operating Office, Boston, Mass.
YORK HARBOR AND BEACH RR.— Kittery to York Beach, Me., 11.17 m.; total
track, 12.28 miles. Gauge, 4 ft. 8£ in. Rail (steel, 11.44 m.), 60 Ibs. Organized in 1886 ;
opened Aug. 8, 1887. The equipment is hired from the Boston and Maine RR. The road
was not operated from Dec. 1. 1900, to April 29, 1901.
Operations, year ending June 30, 1901. — Train mileage — passenger, 18,436; mixed, 4,365;
other, 2,873 — total, 25,674 miles. Passengers carried, 58,248 ; carried one mile, 5(57,589. Tons
freight moved, 12,441 ; moved one mile, 74,630. Earnings — passenger, $14,848.64 ; freight,
$7,9:9,62 ; other, $648.58— total, $23,476.84. Operating expenses, $23,178.94. Net earnings,
$297.90; other receipts, $1,223.69— total, $1,521.59. Paid taxes, $280.54. Surplus, $1,241.05;
surplus forward, $26,721.47— total, $27,962.52.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $300,000 ; profit and
loss, $27.962.52 — total, $ 327, 962. 52. Contra : Cost of road, $300,000 ; cash and other assets,
$27,962.52— total, $327,962.52. The Boston and Maine RR. owns $248,550 of the capital
stock.
Directors (elected Oct. 23, 1901).— Lucius Tuttle, Boston, Mass.; S. C. Lawrence, Med-
ford, Mass. ; Frank Jones, Portsmouth, N. H. ; J. E. Staples, York Village, Me.; E. S. Mar.
shall, York Harbor, Me. One vacancy. OFFICERS : Lucius TUTTLE, Pres. ; H. E. Fisher,
Treas., Boston, Mass.; S. W. Junkins, Clerk, York Corner, Me. GENERAL OFFICE, Boston,
Mass.
CENTRAL VERMONT RAILWAY COMPANY.
1. Mileage Operated, June 30, 1901.— A. LINES OWNED (312.9 miles):
Main Line : St. Johns, P. Q., to Windsor, Vt 177.5 miles.
Burlington Branch : Essex Junction to Burlington, Vt 8.0
House's Point Branch : Swan ton Junction, Vt., to Rouse's Point, N. Y 17.7
Waterloo Branch : S. S. & C. Junction to Waterloo, P. Q 40.8
Wittiamstovm Branch : Montpelier Junction to Williamstown, Vt 14.9
Cambridge Branch : Essex Junction to Cambridge Junction, Vt 26.0
Richford Branch : St. Albans to Richford, Vt 28.0
B. LEASED LINES (total, 200.1 miles):
Montreal and Promnce Line Ry. (see appended statement) 40.6
New London Northern RR. (see appended statement) 123.5
Brattleboro and Whitehall RR. (see appended statement) 36.0
Total length of lines operated, June 30, 1901 513.0 miles.
2d track, 6.2 m.; sidings, etc. (owned, 105.9 m.; leased, 44.9 m.), 150.8 miles. Gauges, 4 ft.
8} in. and (B. & W. RR., 36 m.) 3 ft. Rail (steel, 645.70 m.), 56, 72, 75, and 80 Ibs.
2. History.— Reorganization, effective May 1, 1899, of the Central Vermont RR. Co.
(see MANUAL for 1899, page 732). The company owns all the stock and about three-fifths of
the bonds of the Stanstead, Shefford and Chambly Ry. Co., and all the stock of the Montreal
and Province Line Ry. Co. Both of the companies named will be in time consolidated into
the Central Vermont Ry. Co. The abandoned portion of the Montreal and Province Line
Ry., between Farnham and Frelighsburg, Que., 18.2 miles, has been rebuilt, and was opened
for traffic on Nov. 10, 1901. The Parliament of the Dominion of Canada granted a subsidy
of $3.200 a mile for the work; the remainder of the cost was provided from income.
The line from White River Junction to South Vernon, Vt., made up of the Central Ver-
mont Ry. from White River Junction to Windsor, the Sullivan County RR. from Windsor
to Bellows Falls, the Vermont Valley RR. from Bellows Falls to Brattleboro, and the New
London Northern RR. from Brattleboro to South Vernon, is used jointly by tins company
and the Boston and Maine RR., under an agreement effective Oct. 1, 1900. The bridge over
Lake Champlain from West Alburgh to Rouse's Point is owned jointly by this company and
the Rutland RR. Co. This company has joint use of the terminal facilities in Rouse's Point
of the Delaware and Hudson Co. and of the Grand Trunk Ry. Co. The Rutland RR. Co.
16
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
uses this company's tracks, lands, and passenger station at Burlington, Vt., at a rental of
$7,000 a year.
3. Rolling Stock, June 30, 1901.— Locomotives, 100. Cars— coaches, 62 ; combination,
31 ; baggage, mail, and express, 21 ; freight (box, 1,037 ; flat, 636 ; stock, 25 ; coal, 329),
2,027 ; caboose, 45 ; service, 131— total, 2,317. Of this equipment, 3 locomotives, 30 box,
and 40 flat cars and 1 snow-plow are narrow-gauge.
4. General Income Account, year ending June 30, 1901.
Earninw-Passentjer $952,21702 Expenses
Freight and Live Stock 2,128,989 66
Mail and Express 139,513 16
Miscellaneous 41,414 01
Total ($6,358.94 per mile). . . ; §3,262,133 85
Maint. of Way and Structures. . $337,455 04
Maintenance of Equipment 229, 193 69
Conducting Transportation 1,628,755 00
General Expenses 99,969 92
Total ($4,474.41 per mile) $2,295,373 65
Net earnings (29.63 p. c.), $966,760.20; add interest on securities held by the com-
pany, $10,400— total, $977,160.20. Payments : Interest on bonds, |446,201.40 ; rentals of
leased lines (New London Northern RR. and Montreal and Province Line Ry.), $223,692.27 ;
taxes, $104,702.14 ; improvements and extraordinary expenditures, new steel bridges, rails,
etc., $199,760.42— total, $974,356.23. Surplus, June 30, 1901, $2,803.97.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $13,825,839 85
Bonds Deposited with Trustee 1,000,000 00
Materials and Supplies 204,713 20
New Rails and Bridges 90,171 70
Cash on Hand and in Transit 99,615 03
Investment in Bonds 260,679 68
Sundry Accounts Collectible 439,332 68
Advances Fast Freight Line 9,950 00
Frelighsburgh Extension 32,949 69
Notes Receivable 500 00
Total Assets $15,963,751 83
Capital Stock ($100 shares) $3,000,000 00
Funded Debt (see Section 6) 12,000,000 00
Interest Due
Interest Accrued not Due
Taxes Accrued not Due...
Sundry Accounts Payable..
Equipment Renewed
Notes Payable
Profit and Loss. . .
8,892 00
76,416 58
53,921 46
579,071 88
142,645 94
100,000 00
2,803 97
Total Liabilities 515,963,751
«. Funded Debt.— Funded debt consists of 1st mtge. 4 p. c. 21-yr. gold bonds, due May 1, 1920,
interest Feb., May, Aug., and Nov. The amount authorized by the mortgage and shown as a liability on
the general balance sheet is $12,000,000, but there are only $11,000,000 of bonds outstanding, $1,000,000
being reserved In the hands of the trustee to be Issued only for betterments and improvements under proper
restrictions. The bonds are secured on the entire property and assets of the company. The bondholders
have the privilege of electing three members of the board of directors, and for that purpose voting power
attaches to the bonds — one vote for every $100 thereof.
The Grand Trunk Ry. Co. owns more than $2,000,000 of the capital stock, and guarantees the interest
on the bonds under a traffic contract by the terms of which it agrees to provide for any deficiency up to an
amount equal to 30 p. c. of the gross receipts from business interchanged between it and this company. •
7. Statement of operations, etc., for eight fiscal years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles Railroad Operated . . .
Passenger Train Miles
Freight Train Miles
772.3
1,761,972
2,579,059
2,411,084
66,646,898
2,902,065
362,955,961
$
1,465,087
2,951,519
204,053
111,503
772.3
1,622,105
2,423,140
2,358,921
58,890,540
3,105,873
367,011,248
8
1,330,278
2,942,706
202,829
121,017
637.0
1,666,846
2,395,198
2,512,428
62,130,639
3,223,597
380,218,212
8
1,371,648
2,991,505
197,045
122,745
510.5
1,291,189
1,946,943
1,836,554
44.751,078
2,996,374
324,614,730
8
997,423
2,460,659
155,472
88,739
510.5
1,110,272
1,436,961
1,726,156
40,171,202
2,844.037
247,408,978
8
921,289
2,064,025
135,497
96,707
510.5
1,121,088
1,300,433
1,603,552
42,600,024
2,801,721
237,836,511
926,872
2,001,410
136,460
86,566
513.0
1,056,069
1,424,111
1,601,726
43,707,921
2,658,925
252,551,609
8
970,387
2,229,552
137,543
45,241
513.0
1,131,767
1,515,122
1,50.5.943
42,594,685
2,638,779
248,896,794
8
952,217
2,128,990
139.513
41,414
Passengers Carried
Passengers Carried IMile..
Freight Moved, Tons
Freight Moved 1 Mile, Tons.
Passenger Earnings
Freight Earnings
Mail and Express Earnings.
Miscellaneous Earnings
Total Traffic Earnings . .
Operating Expenses
4,732,162
3,189,955
4,596,830
3,076,634
4,682,943
3,208,927
3,702,293
2,997,154
3,217,518
2,584,509
3,151,308
2,405,870
3.382,723
2,497,513
3,262,134
2,295,374
Net Earnings
1,542,207
6,00238
4,13048
1,87192
67.41 p. c.
2.11 c.
0.81 c.
1,520,196
5,811 21
3,983 73
1,82748
66.93 p. c.
2.26 c.
0.80 C.
1,474,016
7,351 56
5,037 56
2,314 00
68.52 p. c.
2.21 c.
0.79 c.
705,139
7,252 29
5,871 02
1,38127
80. 95 p. c.
2.23 c.
0.76 c.
633,009
6,302 68
5,062 70
1,23928
80. 33 p. c.
2.29 c.
0.83 c.
745,438
6.1V2 98
4,712 77
1,46021
76.35 p. c.
2.18 c.
0.84 c.
885,210
6,59400
4,869 23
1,724 77
73. 83 p. c.
2.22 c.
0.88 c.
966,760
6,35894
4,474 41
1,88453
:0.:',T p. c.
2.24 c.
0.86 c.
Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per M.
•Aver. Rate per Ton per Mile
POOR'S MANUAL OF RAILROADS.
17
§. RAILROADS OWNED BY THE CENTRAL VERMONT RT. Co.
Montreal and Province Line Ry.— St.
Lambert to Farnham, Que., 32 m. ; Marieville to St.
Osuire, Que., 8.6 m.— total, 40.6 m.; total track. 42
miles. Rail (steel, 32 m.), 38 and 56 Ihs. Successor
to the Montreal, Portland and Boston RR. Co., sold
under foreclosure March 2, 1896. (See Manual for
1897, page 339.) An extension from Farnham to
Frelighslmrg. Que^ 18.2 miles, was opened for
traffic on Nov. 10, 1901. (See Sec. 2, under
"History," C. V. Ry. Co.) Capital stock, $1,000,-
000; government (P. Q. bonus). $231,122; municipal
Mid. $25.000; bonded debt (see General Index),
$200.000 — total, $1,456,122. The Central Vermont
Ry. Co. owns the capital stock and guarantees the
bonds both as to principal and interest. The C. V.
Ry. Co. receives a rental of $1,500 a year for the
privilege of allowing certain telegraph poles to be
placed on the right of way, reducing the annual
payment on account of this road to $6,500.
Stanstead, Shefford and <Iuiml.lv RR,.—
St. Johns to Waterloo, Que., 43 m.; sidings, etc., 2
miles. Rail (steel, 31 m.), 60 Ibs. Chartered In
1853; opened in 1858-1861. (See Manual for 1898,
page 355.) The C. V. Ry. Co. owns all of the capital
stock ($500,000) and about three-fifths of the bonds
($800,000). The holders of the remaining bonds have
agreed to accept interest at the rate of 4 p. c. per
annum on a principal of $155,036.20. (See Manual for
1900, page 17.) G. G. Stevens, Pres. ; John P. Noyes,
Sec. & Treas., Waterloo, Que.
9. RAILROADS LEASED BY THE CENTRAL VERMONT RY. Co.
New London Northern RR. — New London, Conn., to Brattleboro', Vt., 121 m. ; Montville to
Palinertown, Conn., 2.5 m.; total track, 160.02 miles. Rail (steel, 123.5 m.). 57, 58 and 60 Ibs. Reorgan-
ization in 1859 of the New London, Willimantic and Palmer RR. Co. (See Manual for 1888, ,<age 56.)
Leased to the Central Vermont Ry. Co. for 99 .years, from Dec. 1, 1891; rental, $213,552.50 a year In
monthly installments. The lease Includes the "Brattleboro' and Whitehall RU. (See appended state-
ment.) Rental, year ending June 30, 1901, $215,892; other receipts, $363 — total, $216,255. Expenses and
taxes. $4,573; interest on bonds, $68,120; interest on loans, $1,200; dividends (9 p. c.), $135,000 — total,
$208.893. Surplus, $7,362; surplus forward. $496.274 — total, $498,054. Balance Sheet, June 30, 1901.—
Capital stock ($2,000,000 auth.; $100 shares), $1.500,000; funded debt ($812,000 consol. 5s and $688.000
consol 4s, of July 1, 1910, Int. J. & J.), $1.500.000; unfunded debt. $32.791; profit and loss, $505,416 — total,
$3,538.207. Contra: cost of road and equipment. $3,323,355; bonds, B. & W. RR., $150.000; steamboat
property, $5,000; other assets, $59,852— total, $3,538,207. Robert Coit, Pres. & Treas.; J. A. Southard,
Sec. Office, New London, Conn.
BRATTLEBORO' AND WHITEHALL KR.—
Brattleboro' to South Londonderry, Vt., 36 m.; total
track, 40 miles. Gauge, 3 ft. Rail (steel, 17 m.),
36 and 40 Ibs. Reorganization in 1876 of the West
River RR. Co.; opened Nov. 3, 1879. Leased in Feb.,
1880, for 99 years, to the New London Northern RR.
Co.; rental, interest on the bonds, all of which are
held by the lessee, together with $600 for terminals
and $400 for organization expenses. Locomotives, 4;
passenger cars, 6; freight cars, 104. Capital stock,
$200,000; funded debt (1st 6s due 1900), $150,000;
floating debt, $60,000— total, representing cost of
property, $400,000. C. F. Thompson, Pres.; J. L.
Martin, Sec.; C. H. Thompson, Treas. Office, Brattle-
boro', Vt.
1O. Board of Directors, Central Vermont Ry. Co., as constituted April 1, 1902.
CHARLES M. HAYS, Chairman of Executive Committee Montreal, Que.
Charles M. Hays Montreal, Q,ue.
E. C. Smith St. Albans, Vt.
E. II. Fitzhugh " "
Ezra H. Baker Boston, Mass.
John Bell .
J. G. McCullough...Bennington, Vt.
J. W. Stewart Middlebury, Vt.
Samuel E. Kilner. . .New York, N.Y.
Albert Tattle Fair Haven, Vt.
James L. Martin Brattleboro, Vt.
W. Seward Webb . . Shelburne, Vt.
Charles P. Smith . . .Burlington, Vt.
H. B. Day Boston, Mass.
.Belleville, Ont.
E. C. SMITH, President. St. Albans, Vt.
E. H. Fitzhugh, Vice-Pres. & Gen. Manager " "
Treas. & Clerk- W. H. Chaffee St. Albans, Vt. | Auditor— M.. M. Reynolds St. Albans, Vt.
PRINCIPAL OFFICE AND ADDRESS St. Albans, Vt.
MAINE CENTRAL RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Capital Stock 7
Directors, Board of, and Officers. 14
Funded Debt, Details of 9
Gen. Balance Sheet, Jnne 30, 1901. 6
General Income Acct., year 1901 . 4
Guaranteed Bonds 10
History 1
Leased Lines, Statements of 13
Mileage Operated, June 30, 1901.. 2
Mileage and Capitalization of
KEs. Included in System 11
Operations, years 1894-1901 8
Profit and Loss Acct., 1901 5
Boiling Stock 3
Securities Owned, June 30, 1901.. 12
1. History. — Consolidation, Oct. 28, 1862, of the Androscoggin and Kennebec RR. Co. and
the Penobscot and Kennebec RR. Co. The Portland and Kennebec RR., the Somerset and
Kennebec RR. and the Leeds and Farmington RR. were absorbed on Nov. 16, 1874 ; the
Maine Shore Line RR. (Mt. Desert Branch) in 1888, and the Knox and Lincoln Ry. (Rockland
Branch and Woolwich Ferry) in Feb., 1901. (See MANUAL for 1885, page 6 ; MANUAL for
189;>, page 38; and MANUAL for 1901, page 17.) The old Knox and Lincoln RR. Co. (see
MANUAL for 1892, page 358) retained a nominal corporate existence until Aug. 9, 1901, when
it wafi. -absolutely dissolved by a decree of the Supreme Judicial Court of Maine, its powers
passing to the Maine Central RR. Co.
2
POOR S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
2. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 394.77 miles).
Main Line : Portland, Me., to Bangor, Me 136.60 miles.
Bath Branch : Brunswick, Me., to Bath, Me 8.90
Waterviile Branch : Cumberland Junction, Me., to Skowhegan, Me 91.20
Farmington Branch : Brunswick, Me., to Farmington, Me 62.60
Lewiston Branch : Crowley's J unction, Me. , to Lewiston, Me 4.80
Mi. Desert Branch : Brewer Junction to Mt. Desert Ferry 41 .13
Cobbosseecontee Branch : Gardiner Jc. to Copsecook Mill, Me 1.15
Rockland Branch : Woolwich to Rockland Wharf, Me 48.39
B. LINES LEASED (total, 421.06 miles).
Belfast and Moosehead Lake RR. : Burnham to Belfast, Me 33.13 "
Dexter and Neu-port RR. : Newport to Dexter, Me 14.23
Dexter and Piscataquis RR. bee subjoined statement) 16.54 "
Eastern Maine RR. : Bangor to Bucksport, Me 18.80 '
European and N. American Ry. (see subjoined statement) 120.34 ' '
Portland and Ogdensburg Ry. (see subjoined statement) 109.84 "
Upper Coos RR.: Quebec Junction, N. EL, to Canada Line 55.33 "
Hereford Ry. : Vermont Line to Lime Ridge, P. Q 52.85 "
Total length of railroad operated, June 30, 1901 815.83 ' '
C. STEAM FERRIES (Owned).
Mt. Desert Ferry to Bar Harbor, Me 7.70 m.
Bath to Woolwich 0.60m.— 8.30 "
Total mileage operated, June 30, 1901 824.13 "
2d track (owned, 32.8 m.; leased, 8.0m.), 40.8m.; sidings (owned, 144. 44m.; leased, 113.33m.),
257.77 miles. Total track (owned, 572.01 m. ; leased, 542.39 m.), 1,114.40 miles. Gauge, 4ft.
8£iu. Rail (steel— owned, 556.74 m.; leased, 518.07m.— total, 1,074.81 m.), 56, 67, and 75 tbs.
The Maine Central RR. Co. controls the Portland, Mt. Desert and Machias Steamboat Co.
'3. Rolling1 Stock, June 30, 1901. — Locomotives. 167. Cars — passenger, 169; baggage,
mail, and express, 66 ; freight (caboose, 66 ; box, 1,175; stock, 56 ; flat, 2,022 ; coal, 399 ;
dump, 58 ; refrigerator, 13), 3,789 ; service, 335— total, 4,359. Also 6 ferryboats, etc.
4. General Income Account, year ending June 30, 1901.
Earnings— Passenger $2,110,754 49
Freight 3,427,475 65
Mail and Express 265,064 92
Miscellaneous 65,251 55
Expenses— Maint. of Way and Structures.. §1,206,895 23
Maintenance of Equipment 1,433,767 49
Conducting Transportation 1,140.11927
General Expenses 181 ,556 91
Total ($7,120.90 per mile) $5,868,546 61 Total ($4,807.91 per mile) $3,962,338 90
Net earnings (32.48 p. c.), $1,906,207.71 ; other income, $92,390.42— total, $1,998,598.13.
Payments : Interest on debt, $604,221.66 ; taxes, $197,345.32 ; rentals leased lines (see
Sec. 11), $592,921.60 ; sinking fund payments, $29,440 ; securities charged off (capital stock
of Knox and Lincoln Ry.), $200,000 ; dividends on stock (Nos. 54 to 57, 1| P- c- each, paid
Oct., Jan., April, 1900, and July, 1901), $298,554— total, $1,922,482,58. Surplus, $76,115.55.
5. Profit and Loss Account, June 30, 1901.— Balance at credit June 30, 1900, $204,-
430.30 ; surplus income for year, $76,115.55 ; premium on bonds sold, $27,280 28 ; miscel-
laneous items, $18,973.37— total, $326,799.50. Deduct dividend No. 53, paid July 2, 1900,
from earnings of year ending June 30, 1900, $74,638.50. Balance at credit June 30, '1901,
$252,161.
6. General Balance Sheet, June 30, 1901.
Construction and Equipment $17,180,43678
Investment Account 288,472 00
Materials and Supplies 521.210 59
Trustees of Sinking Funds 626J306 03
Notes Receivable 152,81750
Cash and Other Assets 1,004,301 38
Total Asiets $19,773,544 28
Capital Stock (see Sec. 8) $4,988,000 00
Funded Debt M. C. RR. Co. (see See. 9). 12.492,192 00
Current Liabilities 830.971 69
Sundry Items .'.33,913 56
Sinking Funds r>2G,306 03
Profit and Los* 252,161 00
Total Liabilities. $19,773,544 28
T. Capital Stock — The authorized capital stock is $12,000,000, including $2,000,000 autharfced in
Feb., 1901, to retire the stock and bonds of the Knox and Lincoln Ry. The capital stock liability as per
general balance sheet consists of $4,975,300 of Maine Central stock, $1,100 of Maine Central stock scrip,
POORS MANUAL — MAINE CENTRAL RR. CO.
$11,000 of Androscoggin and Kennebec stock bonds, exchangeable for Maine Central stock and $600 of
Portland and Kennebec stock scrip, exchangeable for Maine Central stock.
§. Statement of operations, income account, etc., for eight fiscal years :
1894
Sept. 30.
1895
June 30.
1896
June 30.
1897
June 30.
1898
June 30.
1899
June 30.
1900
June 30.
1901
June 30.
Miles of Kailroad Owned. . .
Miles Operated (average). . .
Locomotives
303.20
822.25
153
155
55
3,298
1,609,141
1,409,383
303.20
822.25
157
173
53
3,741
1,606,197
1,466,361
303.20
822.25
162
168
60
3,926
1,756,093
1,498,204
303.20
822.25
160
' 166
60
3,773
1,725,630
1,455,814
345.23
822.98
157
167
59
3,736
1,699,999
1,400,279
345.23
822.98
160
169
63
3,834
1,739,415
1,514,095
346.38
824.13
165
169
68
3,980
1,817,544
1,550,842
394.77
824.13
167
169
69
4,121
1.812,819
1,275,559
136,390
Passenger Cars
Bagfa^e, etc., Cars
Freight and Other Cars
Passenger Train Miles
Freight Train Miles
Mixed Train Miles
Revenue Train Miles
3,018,524
2,071,550
80,605,258
2,191,845
171,462,539
$
1,786,036
2,509,309
265,793
3,072,558
2,033,807
80,060,873
2,476,337
192,418,261
s
1,828,693
2,716,642
269,126
3,254,297
2,110,734
84,161,437
2,678,203
207,390,937
$
1,939,048
2,774,802
271,469
3,181,444
2,005,172
79,224.995
2,687.603
206.746.056
$
1,867,249
2,756,873
273,914
3,100,278
2,071,431
83.335,917
2,747,021
203,684,841
$
1,860,334
2,615,414
283,053
3,253,510
2,136,470
83,103,024
3,217,809
256,903,895
$
1,885,146
2,829,199
307,752
3,368,386
2,387,841
90,720,967
3,573,915
289,872,087
$
2,021,144
3,277,273
314,507
3,224,768
2,633,331
97,934,328
3,740,709
299,114,181
s
2,110,754
3,427,476
330,317
Passengers Carried
Passenger Mileage
Freight (tons) Moved..
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Express, Mail, etc
Gross Earnings
4,561,138
2,846,883
4,814,461
3,035,172
4,9R5,319
3,271,673
4,898.036
3,173,286
4,758,801
2,997,244
5.0-,>2.0'.)T
3,283,337
5,612,924
3,753,972
5,868,547
3,962,339
Operating Expenses
Net Earnings
1,714,255
54,975
1,779,289
52,530
1,713,646
51,860
1,724,750
52,147
1,761,557
63,040
1,738,760
81,071
1,858,952
85,745
1,906,208
92,390
Other Receipts
Net Income
1,769,230
110,892
601,513
715,593
1,831,819
101,392
646,766
662,772
1,765,506
97,779
649,516
637,834
1,776,897
112,283
650,480
657,060
1,824,597
114,121
648,121
683,907
29,440
298,527
100,481
5,782 40
3,641 96
2,140 46
62.98 p. c.
2.28 c.
1.29c.
1,819,831
121,723
647,090
599,365
99,444
298,532
53,677
6,102 33
3,989 57
2,112 76
65. 38 p. c.
2.27C.
l.lOc.
1,944,697
147,704
646,526
584,870
182,907
t298,543
84,147
6,810 72
4,555 07
2,255 65
66.88 p. c.
2.23 c.
1.13 c.
1,998,598
197,345
592.922
604,222
229,440
298,554
76,115
7,120 90
4,807 91
2,312 99
67.52 p. c.
2.16 c.
1.15c.
Payments — Taxes
Lease Rentals
Interest
Other Charges
*Dividends, 6 p. c
298,512
42,720
5,547 14
3,462 31
2,084 83
64. 85 p. c.
2.21 c.
1.43c.
298,526
122,370
5,85522
3,691 30
2,17392
65. 15 p. c.
2.28 c.
1.41 c.
298,524
81,853
6,06302
4,020 44
2,106 84
67.59 p. c.
2.30 c.
l.SSfc.
298,524
58,550
5,956 86
3,859 27
2,097 59
67.08 p. c.
2.36 c.
1.33 c.
Balance, Surplus.. .
Gross Earnings per Mile. . .
Operating Expenses p. Mile
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile
Av. Rate per Ton per Mile.
* For statement of dividends paid from the organization of the company to Jan., 1898, see Manual for
1898, page 14. For latest dividends, see General Index. t In addition to this amount there was paid on
July 2, 1900, a dividend of 1J p. c., amounting to $74,638.50, which has been deducted from the surplus
at credit of profit and loss on June 30, 1900. Total amount of dividends declared from the earnings
of the year ending June 30, 1900, $373,182.
9. Funded Debt.— The funded debt outstanding on June 30, 1901— total $12,492,192, as per general
balance sheet — consisted of the several issues of bonds listed in the following statement (additional partic-
ulars respecting the bonds will be found in the paragraphs appended to the statement as well as in the
Ready Reference Bond List — see General Index.):
$600.000 Sinking Fund gold 4Js of Feb. 1, 1905.
200,000 Imp. Ser. A gold 4^s of 1916, int. J. & J.
250,000 Imp. Ser. B Ijs of 1917, int. J. & J.
$3,924,000 Consol. 7s of Apr. 1, 1912, int. A. & O.
269,500 Consol. 5s of Apr. 1, 1912, int. A. & O.
1,525,000 Consol. 4^s of Apr. 1, 1512, int. A. & O.
3,265,500 Consol. 4s of Apr. 1, 1912, int. A. & O.
669,000 Coll. Trust 5s of June 1, 1923, int. J. & D.
81,000 M. S. L'e 1st 6s of June 1, 1923, int. J. & D.
8,192 Interest Scrip.
1,300,000 Penobscot Shore Line 1st 4s of Aug. 1, 1920.
400,000 Knox and Lincoln Series A 5s of Feb. 1, 1921.
CONSOLIDATED MORTGAGE BONDS.— Secured by first mortgage on the main line from Portland to Bangor,
and on the Bath, Farmington, Lewiston and Waterville Branches, an aggregate of 305.25 miles. (See
Manual for 1900, page 22.) The authorized amount is $9,000,000, to be issued in four classes— Class A
for $1,000,000, Class B for $3,975,000, Class C for $2,850,000, and Class D for $1,175,000. On June 30, 1901,
there were outstanding $991,500 of Class A, $3,968,500 of Class B, all of Class C, and $1,174,000 of Class
D. The rate of interest was originally 7 p. c., but bonds have been placed at lower rates when they
could be sold. The issues to June 30,' 1901, were as follows: Class A, $991,500 at 7 p. c. ; Class B, $1,515,500
at 7 p. c., $8,500 at 5 p. c., $1,100,000 at 4J p. c., and $1,344,500 at 4 p. c.; Class C, $1,307,000 at 7 p. c.,
$261,000 at 5 p. c., and $1,282,000 at 4 p. c. ; Class D, $110,000 at 7 p. c., $425,000 at 4J p. c., and $639,000
COLLATERAL TRUST BONDS.— Secured by deposit with the American Loan and Trust Co., Boston, Mass.,
trustee, of an equal amount of the 1st mtge. bonds of the Maine Shore Line RR. Co. (See following para-
graph.) The Maine Central RR. Co. pays to the trustee the interest on the Maine Shore Line bonds, and
from the amount thus received the trustee pays the interest on the collateral trust bonds, and applies the
remaining 1 p. c. to a sinking fund for the retirement of those bonds at maturity. The fund amounted, July
MAINE SHORE LINE FIRST MORTGAGE BONDS.— Secured on the Mount Desert Branch, 41.18 miles. The
amount authorized and issued is $750,000. Bonds amounting to $76,000 are outstanding in the hands of the pubh
$5,000 are owned by the Maine Central RR. Co. and $669,000 are deposited with the American Loan and T
Co., Boston, Mass., as security for the collateral trust bonds.
20
POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.
SINKING FUND BONDS. — These bonds are merely a direct obligation of the Maine Central RR. Co. A sink-
ing fund is provided for their retirement, at maturity, by a yearly deposit of $16,000 with the Portland Trust
Co., Portland, Me., trustee. On July 1, 1901, the fund amounted to $368,554.08.
IMPROVEMENT BONDS. — These bonds are merely a direct obligation of the Maine Central RR. Co. Series
A Bonds are payable, both principal and interest, in gold. It is not specified in Series B bonds that
tiny are payable either principal or interest in gold. A sinking fund of 1J p. c. a year is provided for
the retirement of the bonds at maturity. On July 1, 1901, the sinking fund for Series A amounted to
$61,004.03; for Series B the amount was $69,730.28.
PENOBSCOT SHORE LINE BONDS. — These are secured by first mortgage on the line from Bath to Rockland,
Me. They were assumed by the Maine Central RR. Co. in the consolidation of Feb., 1901.
KNOX AND LINCOLN SERIES A BONDS. — Assumed by the Maine Central RR. Co. in the consolidation of
Feb., 1901. Secured on the entire property of the Knox and Lincoln Ry. Co., subject to the lien of the
Penobscot Shore line bonds. The Maine Central RR. Co. owns $31,000 of the $400,000 issued. Additional
bonds (series B) may be issued under the same mortgage at the rate of $20,000 per mile for completed
extensions.
10. Guaranteed Bonds. — The guaranty of the Maine Central RR. Co., both as to principal and
interest, is endorsed on the bo'nds of all leased lines except the Belfast and Moosehead Lake Rli. The
aggregate of such guaranteed bonds, June 30, 1901, was $5,312,000, and of the interest charge thereon,
$225,135. The company also guarantees, jointly with the Boston and Maine RR., $300,000 4 p. c. bonds of
the Portland Union Ry. Station Co.
11. Statement showing as of June 30, 1901, the mileage and capitalization of the rail-
roads whose operations are included in the income account of the Maine Central RR. Co.,
together with the rentals of leased lines, for the year ending June i!0, 1901 :
NAME or COMPANY.
Length
of
Road.
Capital
Stock.
Funded
Debt.
Total.
Average
per
Mile.
Rental,
1900-1901.
Maine Central RR
M.
394.77
4,966,000
$
12,492,192
$
17,480,192
$
44,279
$
Leased Lines :
Belfast and Moosehead Lake RR
33.13
648,100
118,500
766,600
23,139
36,00000
Dexter and Newport RR
14.23
122,000
175,000
297,000
20,871
13,350 00
Dexter and Piscataquis RR
16.54
122,000
175,000
297,000
17,956
13,350 00
European and North American Ry.. ....
120 34
2,494,100
1,000,000
3,494,100
29 035
165 500 00
18.80
200,000
200,000
10,638
9,50000
Portland and Ogdensburg Ry ...
109.84
4,392,538
2,119,000
6,511,538
59,282
182,300 76
Upper Coos RR.
55.33
350,000
1,043,000
1,393,000
25.176
61,37500
Hereford Ry
52.85
800,000
800,000
1,600,000
30,274
64.500 00
Knox and Lincoln Ry , Rental 7 months .
47,045 84
Totals, Leased Lines
421.06
9,128,738
5,430,500
14,559,238
34,577
592,921 60
Grand Totals
815.83
14,116,738
17,922,692
32,039,430
39,272
592,921 60
European and North American Ry., 65.34 m., not Covered by bonds.
Portland and Ogdensburg Ry.— 1st mtge. bonds, $800,000, cover 60 miles. Consols, $1,319,000, and capital
stock cover the entire line. The 1st mtge. bonds matured July 1, 1900, and were replaced with 'an equal
amount of consols covering the entire line.
Upper Coos RR.— 1st mtge. bonds, $350,000, cover 22.83 miles. Extension bonds, $575,000, cover 32 miles.
Stock covers entire line.
12. STOCKS AND BONDS OWNED BY THE MAINE CENTRAL RR. Co., JUNE 30, 1901 :
STOCKS.
47 shares Boston and Maine RR 84,700 00
250 shares Portland Union Ry. Station Co. . 25,000 00
400 shares St. John Bridge and Ry. Ext. Co. 20,000 00
1,981T85°5 shares Portland & Ogdensburg Ry. . . 79,272 00
100 shares Bridgton & Saco River RR. Co. ... 5,000 00
Upper Coos RR.
BONDS.
s RR. 4f p. c. Bonds .............. $118,000 00
Knox & Lincoln Ry. 5 p. c. Bonds ........... 31,000 00
Maine Shore Line RR. Co. 6 p. c. Bonds ..... 5,000 00
Maine Central RR. Co. Consol. Bonds ....... 500 00
Total Bonds 8154,500 00
Total Stocks $133,972 00 j Total Stocks and Bonds ... . . .$288,472 00
13. RAILROADS OWNED OR LEASED BY THE MAINE CENTRAL RR. Co.
Belfast and Moosehead Lake RR.— Bel-
fast to Burnham, Me., 33.13 miles. Steel rails.
Chartered Feb. 28, 1867, and road completed about
Nov. 1, 1870. Leased to the Maine Central RR. Co.
for 50 years from May 10. 1871. at a rental of
$36,000 a year. Payments, 11(00-1901: Expenses and
taxes. $135; Interest on bonds, $4.900; sinking fund,
$4,100; dividends (6 p. c. on preferred, $16,062;
2.84 p. c. on non-preferred, $10,803), $26,865 —
total, $36,055. Deficit, $55. Balance Sheet, June
30, 1901.— Capital stock ($267,70i> preferred, $380,-
400 non-preferred). $648.100; funded debt. $118,500;
profit and loss, $20 — total, $766,620. Contra: Cost
of road, $766.600; cash, $20 — total, $766.620.
The preferred stock Is entitled to (5 p. c. divi-
dends, then the non-preferred Is »ntitled to 6
p. P., after which both share equally. The road is
controlled by the city of Belfast, which holds :>. C,n4
shares of non-preferred and 1,396 shares of preferred
stock. Individual stockholders hold 1,281 shares of
preferred stock, and the town of Brooks 200 shares
of non-preferred. Funded debt consists of trust
mtge. 4 p. c. 32-yr. bonds, due May 15, 1920, interest
payable May 15 and Nov. 15, at Belfast, Me. Since
and including 1893 the sum of $9,000 a year has been
set aside from rental for payment of interest and for
redemption of bonds, not less than $3,000 of which
are drawn and paid yearly; so that at the expira-
tion of the lease all the bonds will have been paid.
Trustees: William B. Swan, Calvan Hervey, A. C.
Hurgess, Belfast. Me. Charles B. Hazeltine, Pres. ;
Frank R. Wiggin, Treas. ; Wm. H. Quimby. Sec.
Office. Belfast, Mo.
Dexter and Newport RR.— Newport to Der-
ter, MP., 34.23 m.; total track. 14.73 miles. Clinr-
tered March 30, 1853; road opened Nov. 25.
Leased to the Maine Central RR. Go. for 999 years
from Nov. 2.~>. 1SSS. As rental the lessee pays
-directly to the stockholders semi-annual dividends
of 2J p. c. (beginning Jan. 1, 1900; previ-
POOR'S MANUAL OF RAILROADS.
21
ously 3 p. c. serut-annually) on the capital stock,
and pays to the company $250 a year for organiza-
tion expenses; also assuming payment and discharge
of funded debt. Capital stock, $122,000; funded debt
(1st 4s of Sept. 1, 1917), $175,000. Cost of road, etc.,
$297,000. George Fisher, Pres., Bath, Me.; Treby
Johnson, Treas. & Clerk, Augusta, Me. Office,
Aiiirusla. Me.
IJexter and Plscataqnig RR.— Dexter, Me.,
to Foxcroft and Dover, 16.54 miles. Rail (steel), 67J
Ibs Chartered Oct. 24. 1888; road opened in Dec.,
1889. Leased to the Maine Central KR. Co. for
999 years from Dec. 13, 1888, at a yearly
rental of the interest on the bonds, dividends
of 5 p. c. on the capital stock, and $250 for organiza-
tion expenses. Capital stock. $122,000; funded debt
(1st 4s of July 1, 1929), $175,000. Cost of road, $216,-
n!!<>. The bonds a • gu nteed, principal and inter-
est-, bv the Maine Central RR. Co. J. B. Mayo, Pres.,
Foxcroft. Me.; L. P. Evans, Clerk; B. A. Thompson,
Treas., Dover, Me. Office, Dover, Me.
Eastern Maine Ry.— Bangor to Bucksport,
Me., 18.80 m.; total track, 20.68 miles. Rail, 56
Ibs. Successor, Feb. 1, 1882, to the Bucksport and
Bangor RR. Co. Leased in perpetuity, May 1, 1883.
to the Maine Central RR. Co., at a yearly
rental of $9.500, being dividends of 4i p. c. on
the capital stock and $500 for organization ex-
penses. (See Manual for 1891, page 305.) Rolling
stock not included in lease. Balance Sheet, June 30,
1900.— Capital stock, $200,000; profit and loss, $92—
total, $200,092. Contra: Construction, $200,000; cash,
$92 — total, $200.092. Eugene Hale, Pres., Ellsworth,
Me.; S. T. Klmball, Treas., Rockland, Me.: L. A.
Emery, Sec., Ellsworth. Me. Office, Rockland, Me.
European and North American Ry.—
Bangor to Vanceboro', Me. (steel). 114.3 m.; Orono
to SMllwater, 3.01 m.; Enfield to Montague, 3.03 m.
—total, 120.34 miles. Chartered Aug. 20, 1850; road
opened in 1871. Leased in perpetuity, April 1, 1882,
to the Maine Central RR. Co., at an annual
rental of $125,500, the lessee assuming all lia-
bilities. (See Manual for 1891, page 305.) Capi-
tal stock. $2,494,100. Funded debt (1st gold 4s of
Jan. 1, 1933), $1,000,000. The bonds are the joint
obligation of this company and the Maine Central
RR. Co., and are guaranteed by the latter, both as to
principal and interest. They are secured on the line
from Bangor to Winn, 55 miles. The mortgage is a
joint and several obligation of this company and the
Maine Central RR. Co. Principal and Interest pay-
able In gold. Franklin A. Wilson, Pres.; ('has. B.
Wyman, Treas. & Clerk, Bangor, Me.
Hereford Ry.— Beecher Falls, Vt., to Lime
Ridge, P. Q., 52.85 m.; total track (steel; 56 Ibs.),
59.06 miles. Chartered June 23, 1887; road opened
May 1, 1890. Leased to the Maine Central RR.
Co., for 999 years from May 18, 1890, at a yearly
rental of $64,500, being Interest on bonds, 4
p. c. on stock, and $500 for organization ex-
penses. Capital stock ($100 shares), $800,000;
funded debt (1st 4s of May 1, 1930), $800,000 — total,
$1,600,000. The bonds are guaranteed, principal and
interest, by the Maine Central RR. Co. Frank Jones,
Pres., Portsmouth, N. H.; H. B. Brown. Sec &.
Treas., Sherbrooke, P. Q. Office, Sherbrooke, P. Q.
Portland and Ogdensbnrg Ry.— Portland,
Me., to Lunenburg, Vt., 109.1 m.; Portland, Union
Station, to Thompson's Point, Me., 0.74 m.— total,
109.84 miles. Rail (steel), 56 and 60 Ibs. Successor,
June 8, 1886, to the P. & O. RR. Co. (See Manual
for 1898, p. 15.) Leased to the Maine Central
RR. Co., for 999 years, Aug. 20, 1888; rental,
interest on bonds and 2 p. c. on the capital
stock. Capital stock (outstanding. $4,390,968; auth.
not Issued, $1,570), $4.392.538; funded debt (consols
of Nov. 1, 1908). $2,119,000— total, representing cost
of road, $6,511,538. The bonds are guaranteed, princi-
pal ana Interest, by the Maine Central RR. Co. S. J.
Anderson, Pres.; J. W. Dana, Treas. & Sec. Office,
Portland, Me.
Upper Coos RR.— Quebec Junction, N. H., to
Beecher Falls, Vt., 55.33 miles. Rail (steel). 56 and
76 Ibs. Chartered Oct., 1884; road opened throughout
in May, 1891. Leased to the Maine Central
RR. Co., for 999 years from May 1, 1890, at a
yearly rental of $66,685, being interest on bonds,
6 p. c. on stock, and $500 for organization expenses.
Capital stock, $350,000; funded debt ($350.000 4s and
$693,000 4*s, both due May 1, 1930). $1,043,000 —
total, representing cost, $1,393.000. The bonds are
guaranteed, principal and Interest, by the Maine
Central RR. Co. Geo. Van Dyke, Pres., Lancaster,
N. H.; T. S. McGowen, Treas., Boston, Mass.; C. B.
Jordan, Sec., Lancaster, N. H. Office, Portland, Me.
14. Board of Directors, Maine Central RR. Co., elected October 16, 1901.
Henry R. Reed Boston, Mass.
Lewis CassLedyard.New York, N.Y.
Henry M. Whitney Boston, Mass.
John Ware! Waterville, Me.
Joseph W. Symonds Portland, Me.
Lucius TUTTLE, President Portland, Me.
Lucius Tattle Boston, Mass.
Franklin A. Wilson Bangor, Me.
William G. Davis Portland, Me.
Samuel C. Lawrence . Medf ord, Mass.
Joseph H. Manley Augusta, Me.
William P. Frye Lewiston, Me.
George F. Evans Portland, Me.
George P. Wescott .... " "
George F. Evans, Vice-President and General Manager
Treasurer— George W. York Portland, Me. | Clerk— Josiah H. Drummond Portland. Me.
Gen. Auditor— George S . Hobbs Portland, Me .
PRINCIPAL OFFICE AND ADDRESS Portland, Me.
NEW YORK, NEW HAVEN AND HARTFORD RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW
Capital Stock 9
Convertible Deb. Certificates 10
Cost of Road and Appurtenances. 14
Funded Debt, Details of 13
Directors and Officers 19
Floating Stork 4
General Balance Sheet, 1901 8
General Income, June 30, 1901 ... 5
History 2
Leased Lines, Statements of 18
Leased Lines, Stocks Exchanged. 15
Mileage Operated, June 30, 1901.. 1
New Haven Steamboat Bonds — 13a
Non-Convertible Deb. Certif. 4s.. 11
REFERENCES TO NUMBERS OP SECTIONS.
Non-Convertible Deb. Certif. 3}s. 12
Operations, Capital Account,
etc., 1894-1901 7
Profit and Loss, June 30, 1901 6
Rolling Stock 3
Rentals, year ending June 30, 1901 17
Securities Owned, June 30, 1901.. 16
1. Mileage Operated, June 30, 1901.— -4. LINES OWNED (total, 438.30 miles).
Main Line : Woodlawn Junction, N. Y., to Providence, R. 1 173.77 miles.
Bridgep.,Ct.,to Mass. State Line. 74.97 m.
N. Haven, Ct., to Spring.. Mags.. 60.17m.
Hawleyville to Litchfield, Ct. . .32.28m.
Hartford to Fen wick, Conn 46.20 m.
Stamford to New Canaan, Ct 7.66 m.
Botsford to Huntington, Ct 9.79 in.
Brookfield Jc. to Danbury, Or,. . . 5.36 m.
(.N.Hav.Uu. Dep.toN.H. &D.RR.J.66rn.
(Continued on next page.)
Brought Forward 288.09
Berlin to Middletown, Conn. .
Berlin to New Britain, Conn . . .
Windsor Locks to Suffield, Ct.
Loop at Stonington, Conn
Auburn to Pontiac, R. I
Auburn to Proyidence, R. I. . .
9.70
3.18
4.32
0.97
4.69
3.58
22
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
Brought forward 430.30 miles.
B. LEASED LIWES (see separate statements therefor ; also summary, Sec. 17). .1,569.78 "
C. TRACKAGE RIGHTS (total, 29.60 miles):
New York and Harlem RR.: Woodlawn June, to Grand Cent. Sta., N. Y. 12.03
Boston Terminal Co.: Fort Point Channel to Station, Boston, Mass 0.42
i Junction to Station, Ashland, Mass 0.22
Junction to Station, Worcester, Mass 0.15
Junction to Station, Springfield.. Mass 0.59
Boston and Maine RR. : Junction to Station, Lowell, Mass 0.57
Fitcttburg RR.: Con way Junction to Shelburne Falls, Mass 4.67
N. D. & C. RR. : Hopewell June, to Wicopee, N. Y 10.95
Total length of railroad operated, June 30, 1901 2,037.68 miles.
Statement showing the mileage of all tracks owned, leased, and operated, and the length
of same laid with steel rails, June 30, 1901:
First
Track.
Second
Track.
Third
Track.
Fourth
Track.
Sidings.
Total
Track.
Steel
Rail.
Railroad Owned.
M.
438.30
M.
238.78
K.
55.32
M.
55.32
M.
272.03
M.
1,059.75
'/.
1.02H.14
1,569.78
415.65
20.87
18.91
887.56
2,912.77
',! i i . v'^
Trackage Rights
29.60
12.60
12.45
12.45
67.10
c,~ ;<>
Totals . .
2,037.68
667.03
88.64
86.68
1.159.59
4,039.62
3.809.06
Gauge, 4 ft. 8i in. Rail— iron, 50 to 60 Ibs.; steel, 60 to 100 Ibs.
The company's four-track line is completed between New York and New Haven, except
at Bridgeport, where the work is nearing completion.
2. History. — Consolidation, Aug. 6, 1872, of the Hartford and New Haven RR. and
the New York and New Haven RR. A sketch of the history of the company is in the
MANUAL for 1901, on pages 21 and 22. The Stamford and New Canaan RR. was absorbed on
Oct. 1, 1890 ; the Hartford and Connecticut Valley RR. , on Dec. 21, 1892 ; the New York, Provi-
dence and Boston RR., on Feb. 3, 1893 ; the Shore Line RR., on March 18, 1897 ; the Housa-
tonic RR., on March 28, 1898 ; and the Shepaug, Litchfield and Northern RR., on July 8, 1898.
The Housatonic RR. was acquired by issuing one share of capital stock of this company in
exchange for every eight shaie; of Housatonic preferred stock; the basis of exchange for
the stocks of the other roads was share for share (see MANUAL for 1901, page 22). This
company also offered shares of its capital stock in exchange for the shares of other of its
leased lines on the terms stated in the MANUAL for 1894, on page 583, and in the MANUAL
for 1899, on page 26. The following statement shows, as of June 30, 1901, the progress
made in the acquisition of the stocks of the companies embraced in the latter offer and the
amount of its capital stock issued by the " New Haven " company for such purpose :
Capital
Stock.
Amount
Exch'ged.
N. Haven
Stock
Issued.
Capital
Stock.
Amount
Exch'ged.
N. Haven
Stock
Issued.
Old Colony RR
$
16,608,900
$
5,5i~8.000
$
4,966,200
Danhury & Norwalk... .
$
600,000
$
446,400
$
223.200
N. England RR. (Pref.)
5,000,000
4,925,800
2,462,900
New Haven & Derby. . .
447,000
353,600
108,800
N. England RR. (Com.).
N. Haven & Northam'n.
20,000,000
2,460,000
19,946,500
2,403,500
3,089,300
961,400
Stockbridge & Pittsfield
Berkshire
448,700
600,000
1,500
1,000
900
600
2 000 000
972 200
972 200
B. &BN. Y. A.L. (P'ref.).
2,998,500
1,594,500
637,800
Totals . . .
51,163.100
36,163,000
14.323,300
Since 1895, when electric traction was substituted for steam power on the Nantasket
Beach RR., the company has been gradually extending the use of electricity to such branch
lines as could be advantageously operated thereby. Up to June 30, 1901, the following lines
had been transformed into electric roads: Nantasket Beach RR., 6.95 miles ; Plymouth Di-
vision of Old Colony RR., from Braintree to Cohasset, Mass., 11.7 miles ; New Canaan Branch
of N. Y., N. H. & H. RR., 7.66 miles ; New England RR., from Hartford to Bristol, Conn.,
17.9 miles ; Providence, Warren and Bristol RR., 14.35 miles ; and Berlin Branch of N. Y.,
N. H. & H. RR., 3.18 miles. The overhead trolley system is used on the Nantasket Beach
RR., the Providence, Warren and Bristol RR., and the New Canaan Branch, while the third
POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD RR. CO. 23
rail system is employed on the Berlin Branch and on the electric sections of the Old Colony
and the New England RRs.
The attempt to move the electric cars of the Providence, Warren and Bristol RR. from
East Providence to the Union Station in Providence proving impracticable, the terminal will
remain in India Street, and a new passenger station is to be erected there to accommodate
the traffic of this line. Owing to this change the trackage contract with the Union Street
RR. Co. has beeu annulled, but close connection will be made with that company's system
at India Street.
In addition to the electric roads directly operated by it, the company controls the Meriden
Electric RR. Co., whose line extends from Meriden to Wallingford, Conn., 18 miles, and the
Stamford St. RR. Co., operating 10.77 miles of line in the city and town of Stamford, Conn.
The company owns the Providence and Stonington Steamship Co., the New Haven
Steamboat Co., and the New London Steamboat Co., and, through the leases, respectively,
of the Old Colony RR. and the Norwich and Worcester RR., controls the Old Colony Steam-
boat Co. and the Norwich and New York Transportation Co. The company assumed the out-
standing bonds of the New Haven Steamboat Co., amounting to $364,500 (see Sec. 13a), as
part of the purchase price of that property. The New London Steamboat Co. was purchased
in 1901. It operates two freight steamers between New London and New York, and also
operates a line of steamers between New London, \\ratch Hill and Block Island. The steam-
boat lines are under the direct management of the company, but their earnings (amounting
to $4,163,229.74 during the year ending June 30, 1901) are not included in this statement.
3. Rolling: Stock, June 30, 1901.— Locomotives (owned, 482; leased, 440), 922. Cars
(owned, 8,<b'2; leased, 6,562^, 15,324, as follows :
PASSENGER CARS.
Owned.
Leased.
"3
1
FREIGHT OAKS.
Owned.
Leased.
"3
p
SERVICE CARS.
Owned.
Leased.
3
o
H
Coaches and Smokers.
553
54-.>!
1,095
Coal . . .
3,430
•2,( Hill
5,499
Officers' and Pay ....
6
6
1°
Combination
77
190
267
Box
2,446
2,550
4,996
Air Brake Instruction.
1
1
Parlor
90
4
94
Flat
1,194
664
1,858
Snow-plows.
19
1G
35
Sleeping
W
27
Express Freight.
182
35
217
Derrick
93
2]
'44
Electric Motors
39
4
43
Machinery
55
144
199
Caboose
185
93
"78
Electric Trailers
35
35
Milk
46
14
60
Steam Shovels
8
5
13
Dining
1
a
3
Eastman Heater.
48
48
Work
8?
36
118
Baggage and Mail
157
91
248
Carriage
32
32
Tool
94
94
48
Adams Express
13
13
Stock
4
2
6
Truck
93
93
Pile Driver Cars
10
2
12
Totals.
qqo
833
1,825
Totals
7,389
5,526
12,915
Totals
381
"03
584
4. Floating Stock. — Steamers, 3 ; ferryboat, 1 ; steam tugs, 14 ; car floats (10-car, 13 ;
12-car, 5 ; 14-car, 5 ; 16-car, 12 ; 22-car, 2), 37.
Kami
5. General Income Account, year ending June 30, 1901.
ngs— Passenger 816,736,761 78 I Expenses— Maint. Way and Structures $5,476,464 65
Freight 19,117,04346 Maintenance of Equipment 4,448,07455
'M'.iil .in,] "Cl«-»-v, ^ ntfi *"(\A ttn flnrtAftrtt-inrr rTVn»-ic;»~»r»vtati.-\n 1W 1 fi*l COA 1O
Mail and Express 1,956,794 69
Miscellaneous 2,321,711 44
Total ($19,795.55 per mile) $40,132,311 37
Net Earnings (30.11 p. c.) $12,083,83247
Dividends on Stocks Owned 117,872 00
Interest on Bonds Owned 72,650 00
Dividends on Stocks Leased 316,855 00
Miscellaneous Income « 55,18323
Total .............................. $12,646,392 70
Conducting Transportation ____ 17,163,880 13
General ....................... 960,059 57
Total ($13,835.11 per mile) ...r ....... .$28,048,478 30
Taxes ................................. . $2,367,635 63
Interest Accrued (see footnote *) ..... ____ 1.168,834 71
Net Rentals of Leased Lines .............. 4,451,634 37
Dividends, J., O., J. & A., 2 p. c. each ____ 4,294,738 00
Surplus Income ........................... 363,549 99
Total ............................... .$12,646,39270
* Consisting of the following items: Interest on funded debt (N. Y., N. H. & H. 1st 4s, $80,000; N. Y.,
P. & B. 1st 4s, 9 months, $9,000; N. Y., P. & B. gen. 4s, $40,000; Shore Line 4Js, *9,000; Housatonic 1st 4s,
$4.000; Housatonie consols, $141,950), $283,950; on convertible debenture certificates, $655,888, on non-
convertible debentures, $227,138.91; on current liabilities, $1,857.80— total, $1,168,834.71.
6. Profit and Loss Account, June 30, 19Ql.—0redit*: Balance, Jim* 30, 1900. $12,186,-
131.21; surplus income, $363, .549.99; premium on sale of non-convertible debentures, $430,000;
profit on sale of stocks. $152.046.92— total, $13,131,728.12. Debit : Settlement of old claims
against leased lines prior to leases, and worthless accounts charged off, $8,210.86 j^
June 30, 1901, $13,123,517.26— total, $13,131.728.12.
24
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
7. Statement of operations, capital account, etc., for eight fiscal years ending June 30
1894
1895
1896
1897
1898
1899
1900
1901
Miles of RR. Operated
Train Mileage— Passenger .
Freight....
Mixed
Total Revenue Mileage .
Passengers Carried
1,469.28
9,951,315
4,598,293
157,643
1,469.28
9,653,762
4,855,288
204,857
1,464.21
1(1,112,1.55
5,051,081
195,958
1,464.21
10,248,807
4,925,278
180,442
1,464.21
10,933,182
4,845,456
169,992
2,047.19
13,222,845
6,129,106
169,093
2,037.68
13,569,271
6,344,144
224,842
8,087.68
13,898,315
5,969,950
239,667
14,707,251
44,448,324
725,250,169
8,717,879
541,484,407
•8
12,971,657
10,423,546
2,181,682
14,713,907
43,838,676
747,008,728
9,665,236
717,701,005
8
13.204,839
12,309,953
2,386,944
15,359,694
43,970,932
788,477,424
10,866,909
847,107,629
8
13,928,018
13,772,071
2,645,541
15,354,527
41,599,670
756,540,942
10,391,726
839,960,369
8
13,618,250
13,340,213
2,664,870
15,948,630
41,464,748
759,632,395
11,042,006
899,636,294
$
13,453,500
14,081,857
2,787,381
19,521,044
49,035,411
861,416,692
14,375,823
1,257,413,624
$
15,505,050
17,739,008
3,899,859
20,138,257
52,096,916
943,642,580
15,708,266
1,340,789,590
8
16,754,562
19,456,997
4,119,593
20,107,932
53,051,460
949,079,966
15,436,435
1,292,378,364
8
16,736,762
19,117,043
4,278,506
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Earnings — Passenger
Freight
Other
Gross Earnings
25,576,885
17,932,709
27,901,736
19,064,028
30,345,630
21,137,227
29,623,333
20,043,257
30,322,738
20,891,686
37,143,917
25,581,256
40,331,152
28,224,840
40,132,311
28,048,479
Operating Expenses
Net Earnings
7,644,176
109,480
8,837,708
234,825
9,208,403
855,686
9,580,076
614,072
9,431,052
601,068
11,562,661
623,423
12,106,312
546,121
12,083,832
562,560
Other Receipts
Net Income
7,753,656
1,409,460
3,379,975
590,543
3,631.293
-1,257,615
17,469 43
12,205 10
5,264 33
70.11 p. c.
1.79 c.
1.86 c.
282.35
676.45
650.86
669
1,418
9,072,533
1,464,605
3,322,408
806,531
3,794,290
- 315,301
19,055 83
13,020 01
6,035 82
68.33 p. c.
1.77 c.
1.66 c.
276.41
726.65
702.12
705
1,401
10,064,089
1,492,236
3,418,104
1,486,857
3,60.<542
+ 58,350
20,724 92
14,435 93
6.288 99
69.65 p. c.
1.77 c.
1.57 c.
276.41
762.36
737.97
681
1,357
10,194,148
1,647,744
3,450,172
1,217,987
3,803,516
+ 74,729
20,231 62
13,688 79
6,542 83
67.66 p. c.
1.80c.
1.54C.
325.81
895.18
862.07
710
1,316
22
221
12,320
8
47,612,200
18,397,200
4,500,000
200,000
7,471,550
513,701
6,673,483
10,032,120
1,688,871
3,370,477
1,053,134
3,809,816
+ 109,822
20,709 28
14,2(i8 23
6,441 05
68.90 p. c.
1.77 C.
1.51 c.
415.93
1,019.77
984.61
719
1,298
44
219
11,569
8
47,633,200
19,397,200
7,500,000
200,000
4,153,619
478,144
11,120,360
12,186,084
2,171,167
4.537,875
1,111,071
4,158,688
+ 207,283
18,235 96
12,559 22
5,676 74
68.87 p. c.
1.79c.
1.41 c.
448.20
1,065.48
1,030.32
917
1,507
53
256
13,060
8
54,641,400
19,397,200
6,439,000
12,652,433
2,484,605
4,476,258
1,062,956
4,231,278
+ 391,336
19,844 08
13.889 49
5,954 59
69.99 p. c.
1.78 c.
1.45 c.
438.30
1,051.71
1,018.10
901
1,489
256
13,704
8
54,685,400
19,397,200
6,439,000
12,646,393
2,367,636
4,451,634
1,168,835
4,294,738
+ 363,550
19,795 55
13,835 11
5,960 44
69.89 p. C.
1.76 c.
1.48C.
438.30
1,059.75
1,026.14
922
1,486
78
261
13,499
8
54,685,400
26.397,200
6,139,000
Payments — Taxes
Lease Rentals..
Interest
Dividends
Balance ( + or — )
Gross Earnings per Mile . . .
Operating Expenses p. Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
Miles of Railroad Owned. . .
Miles of Track
Miles of Steel Rail
Locomotives
Passenger Cars
Electric Cars
Baggage, Mail, etc., Cars. . .
Freight and Other Cars
Capital Stock
217
11,974
$
37,942,900
9,850,775
4,300,000
323,500
4,879,692
420,238
4,853,334
211
11,802
$
37,942,900
13,122,800
4,300,000
250,000
6,928,612
461,474
4,511,529
220
13,000
s
47,475,700
16,397,200
4,300,000
200,000
9,487,180
542,378
4,549,455
Debenture Certificates
Funded Debt
Deferred Liabilities
Current Liabilities
6,957,940
513,491
12,291,391
7,761,284
505,703
12,186,131
6,622,818
590,342
13,123,517
Accrued Liabilities
Profit and Loss Account . . .
Total Liabilities
62,570,439
45,105,948
8,767,900
2,219,031
2,139,992
3,627,056
710,512
67,517,315
48,901,609
8,767,900
4,234,454
1,892,661
2,587,691
1,163,000
82,951,913
52,121,205
8,825,000
15.704,075
1,801,516
3,124,390
1,375,727
85,368,134
51,167,011
8,211,500
13,781,792
1,631,870
3,480,301
7,095,660
90,482,523
58,284,628
7,871,100
11,034,880
1,859,532
3,625,494
7,806,889
100,240,422
59,072,090
14,355,291
10,466,050
2,716,709
5,893,045
7,737,237
100,974,718
59,436,949
14,399,291
9,151,356
2,456,556
7,496,997
8,033,539
107,558,277
59,580,010
14,399.292
9,339,731
2,769,329
13,406,842
8,063,073
Road and Appurtenances . .
Stocks of RRs. not Merged.
Stocks and Bonds Owned. .
Materials and Supplies
Cash and Current Assets. . .
Contingent Assets
Total Assets
63,570,439
67,517,315
82,951,913
85,368,134
90,482,523
100,240,422
100,974,718
107,558,277
Amounts paid New York and Harlem RR. Co. for tolls, not appearing 'in the earnings as above: In
1894, $401,640.94; 1895, $402,637.42; 1896, $424,777.96; 1897, $420, 458.45; 1898, $428,903.44; 1899, $457,459.66;
1900, $493,270.35; 1901, $505,845.01.
§. General Balance Sheet, June 30, 1901.
Cost of Road and Appurt. (Sec. 14). ..$39,580,009 87
Leased Lines' Stocks Exch'g'd (Sec. 15). 14,399,291 50
Stocks and Bonds Owned (see Sec. 16).. 9,339,731 23
Materials and Supplies 2,709,328 76
Cash and Current Assets 13,406,84198
N. Y., P. & B. & O. C. RRs. Term. Co. 1,532,948 56
Terminal Lands at Providence 756,117 00
Harlem River & Pt. Chester RR. Co 5,658,799 12
Dedham and Hyde Park Improvements.. 115,208 C6
Assets.
Common Stock Paid in ($100 shares) $54,685,400 00
Convert. Deben. Certificates (Sec. 10).. 16,397,20000
Non-Convert. Debentures (see Sees. 10
& 11) 10,000,00000
Funded Debt Outstanding (see Sec. 12). 6,139,000 00
Notes Payable* 1,000,00000
Current Liabilities 5,622,818 03
Accrued Interest and Rentals 590,34139
Profit and Loss 13,123,517 26
.$107,558,276 68 Total Liabilities.
* Since paid.
.$107,558,276 68
POOR'S MANUAL — NEW YORK, NEW HAVEN AND HARTFORD RR. CO. 25
O. Capital Stock.— The total amount authorized is $100,000,000, the unissued shares being reserved
for the retirement of the convertible debenture certificates, for the acquisition of leased line stocks, and for
additions and betterments.
10. Convertible Debenture Certificates.— These are in denominations of $100 and $1,000,
and are in coupon and registered forms. They are dated April 1, 1893, and may be exchanged for stock
on April 1, 1903, or within 60 days thereafter. If not then surrendered for exchange they will become
payable in cash on April 1, 1908. Interest at 4 p. c. per annum, payable April and Oct., in New York,
N. Y. Registrar: Farmers' Loan and Trust Co., New York, N. Y.
11. JM on-convertible Debenture Certificates, 4s.— These were authorized to the amount
of $10,000,000, but authority to issue the remaining $5,000,000 has been revoked. The certificates are dated
March 1, 1897, mature March 1, 1947, the interest on them being payable March 1 and Sept. 1, in New-
York, N. Y.
12. Non-Convertible Debenture Certificates, Sis.— These are authorized to the amount of
$10,000,000. They are dated March 1, 1901, mature March 1, 1947, the interest on them being payable on
the 1st of March and Sept., in New York, N. Y.
13. Funded Debt.— The funded debt outstanding on June 30, 1901— total $6,139,000, as per
general balance sheet — consisted of the following issues (additional particulars will be found in the Ready
Reference Bond List — see General Index) :
$2,OOO,OOO N. Y., N. H. & H. RR. 1st 4s of June
I, 1903, part of an authorized issue of $5,000,000,
secured on the line from Woodlawn Junction,
N. Y., to Springfield, Mass., 122.44 miles.
1,OOO,OOO N. Y., P. & B. RR. gen. 4s of April 1,
1942, secured by first mortgage on the line from
Providence, R. I., to New London, Conn., 62
miles. The authorized issue is $4,000,000, the
unissued bonds being reserved for future needs
of the company.
2OO.OOO Shore Line Ry. 1st 4s of March 1,
1910. secured on the line from New Haven to
New London, Conn., 49 miles.
$1OO,OOO Housatonic RR. 1st 4s of April 1,
1910, secured on the line from Bridgeport, Conn.,
to Massachusetts State Line, 75 miles.
2,839,OOO Housatonic RR. consol. gold 5s
Of Nov. 1, 1937, secured by second mortgage on
the li,ne from Bridgeport, Conn., to Massa-
chusetts State line, 75 miles, and by first mort-
gage on the branches from Botsford to Hunting-
ton, Conn., 9.79 miles, and from Brookfield Junc-
tion to Danbury, Conn., 5.36 miles.
l.'!n. New Haven Steamboat Bonds. — In the purchase of the New Haven Steamboat Line, the
company assumed the following outstanding bonds, secured on the property: $139,500 1st mtge. 6 p. c. 10-yr.
$500 and $1,000 gold bonds, due April 1, 1902, interest April and Oct. ; and $225,000 mtge. 5 p. c. 20-yr. $500
and $1,000 gold bonds, due June 1, 1919, but subject to call after 1904, interest June and Dec. Interest pay
able at the Lincoln National Bank, New York.
14. Cost of Road and Appurtenances. — New York, New Haven and Hartford RR. (con-
struction, $35,231,237.15; equipment, $5,261,793.72), $40,493,030.87; Stamford and New Canaan RR., $100,000;
Hartford and Connecticut Valley RR., $896,647.07; New York, Providence and Boston RR., $6,889,193.04;
Shore Line Ry., $1,169,496.10; Housatonic RR., $7,105,579.55; Shepaug, Litchfield and Northern RR., $649,-
040.05; expended for construction on leased lines, exclusive of H. R. & P. C. RR. and O. C. RR., $2,277,-
023.19— total, $59,580,009.87.
15. Leased Lines' Stocks Exchanged. — The amount shown in the balance sheet, $14,355,-
291.50, represents the ledger value of the $36,163,000 stocks of leased lines not merged received in exchange
for N. Y., N. H. & H. RR. stock. (See under " History " for details.)
Hi. Stocks and Bonds Owned — On June 30, 1901, the company owned stocks valued at
$6,908,497.90, and bonds valued at $2,431,233.33, but does not publish the details. The following is a
detailed statement of the stocks and bonds owned by the company on June 3O, 19OO< the ledger
value of the stocks being $6,860,352.48, and of the bonds $2,291,033.33— a total of $9,151,385.81. The stocks
on both dates, are exclusive of those received in exchange for N.Y., N. H. £ H. RR. stock:
STOCKS. BONDS.
New York, New Haven & Hartford RR. Co... $1,293,600 Providence & Springfield RR. Co. 5 p. c. 1st
Old Colony RR. Co
New England RR. Co., Com
New England RR. Co., Pref
Boston & New York Air Line RR. Co., Com. .
Boston & New York Air Line RR. Co., Pref. .
1,000 Mtge., due J. 1,1922 $750,000
1,000 New Haven & Derby RR. Co. Mtge. Certifi-
100 cates6p. c., due Feb. 1, 1900 478,000
743,800 New Haven & Derby RR. Co., 1st Mtge. 7
_„ , 8,000 | p. c., due Feb. 1, 1900, $1,000 bonds 190,000
Providence & Springfield RR. Co 438,350 New Haven & Derby RR. Co., 1st Mtge. 7
Woonsocket & Pascoag RR. Co 200,000; p. c., due Feb. 1, 1900, $500 bonds 34,000
R. I. & M. RR. Co., Massachusetts Div 100,000 ! New Haven & Northampton Co., 5 p. c.
R. I. & M. RR. Co., Rhode Island Div 150,500 Consol., due July 1, 1904 3oO,000
Middletown, Meriden & Waterbury RR. Co. . . 100,000
New Haven & Northampton Co 56,500
Harlem River & Port Chester RR. Co.
42,550
West Stockbridge RR. Co 39,600
New Haven & Derby RR. Co 71,800
Stock bridge & Pittsfield RR. Co.
Naugatuck RR. Co
Danbury & Norwalk RR. Co
Wood River Branch RR. Co
Narragansett Pier RR. Co
Chicago, Rock Island & Pacific RR. Co.
Lowell & Framingham RR. Co .
9,500
21,400
675
20,000
18,700
2,400
300
Providence & Stonington SS. Co 2.000,000
Meriden Electric RR. Co '. . 994,500
Stamford Street RR. Co., Com 35,630
Stamford Street RR. Co., Pref 42,650
Boston Terminal Co 200,000
*N. Y., P. & B. & O. C. RR. T. Co 250,000
New York Transfer Co 4,000
Derby Paper Mills Co 895
New Haven Steamboat Co 500,000
Pawtuxet Valley RR. Co., 4 p. c., due April 1,
1925 160,000
New Haven Steamboat Co., 5 p. c. $1,000
bonds, due June 1, 1919
99,000
New Haven Steamboat Co., 5 p.c. $500 bonds,
due June 1, 1919 75,000
Meriden Horse RR. Co., 1st Mtge. gold, 5 p. c.,
due!924 101,000
Stamford Street RR. Co., $500 bonds, 5 p. c.,
due Aug. 1, 1909 ,
Stamford Street RR. Co., $100 bonds, 5 p. c.,
due Aug. 1, 1909
Atlas Tack Co. $100 bonds, 5 p. c.
70,000
5,000
300
Total $7,347,450 Total , $8,302,800
In addition to the foregoing stocks enumerated, the company owned 1,000 shares of stock of the Pontiac
Branch RR. Co., and one-twelfth interest in the Iron Works Aqueduct Co., Brookfleld, Conn.
* The N. Y., P. & B. & O. C. RR. Terminal Co. stock represents paid assessments of $15 per share.
26
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
The bonds of its leased lines owned by the company on June 3O, 19O1, were as follows: $350,000
New Haven and Northampton 6s of July 1, 1904; $160,000 Pawtuxet Valley 1st 4s of April 1, 1925; $225,000
New Haven and Derby 1st 7s of Feb. 1. 1900; $480,000 New Haven and Derby 6 p. c. mtgc. certs, of
Feb. 1, 1900; $215,000 Nantasket Beach 1st 2£s of April 1, 1901; and $750,000 Providence and Springfield
1st 5s of July 1, 1922.
The following stocks and bonds are held by the company as lessee of the Old Colony RR. :
STOCKS. STOCKS— Continued.
12,000 shares of Old Colony S. B. Co.
^ capital stock (2,500 shares) of N. Y., P. & B. &
O. C. RR. Term. Co., on which assessments of
$15 a share have been paid.
1,000 shares of Boston Terminal Co.
1,000 shares of Boston Term. Co., held by Old Colony
RR. Co. as lessee of B. & P. RR.
400 shares of New Bedford,, Martha's Vineyard and
Nantucket S. B. Co.
1,435 shares of Union Freight; RR. Co.
1,435 shares of Union Freight RR. Co., held by O. C.
RR. Co. as lessee of B. & P. RR.
259 shares of Lowell and Framingham RR. Co.
105 shares of the Sea View Hotel and Wharf Co.
1 share of Oak Bluffs, Land and Wharf Co.
110 shares of Framingham and Lowell RR. Co.
998 shares of Fall River, Warren and Prov. RR. Co.
8 shares of Prov., Warren and Bristol RR. Co., Pref.
1,491 shares of P., W. & B. RR. Co., Preferred, held btf
O. C. RR. Co. as lessee of B. & P. RR.
1,872 shares of P., W. & B. RR. Co., Common, held by
O. C. RR. Co. as lessee of B. & P. RR.
1,500 shares of B. & P. RR. Co. in R. I., held by O. C.
RR. Co. as lessee of B. & P. RR.
BONDS.
300 $1,000 1st mtse. 7 p. c. bonds. Nos. 1 to 300, inclusive,
of Fall River, Warren and Providence RR. Co.,
dated April 17, 1873. due April 17, 1883.
500 $1,000 mtge. 7 p. c. bonds (interest reduced Oct. 1,
1879, to 5 p. c.), Nos. 1 to 500, inclusive, of Fram-
ingham and Lowell RR. Co., dated April 1, 1871,
due April 1, 1891.
17. Statement showing the rentals accrued during the year and the net rental payments,
these latter being exclusive of dividends on stocks exchanged for New Haven shares :
Dato
of
Lease.
Term
of
Lease.
TOTAL RENTAL ACCRUED.
Net
Rental
Payment.
Dividends.
Interest.
Cash.
Total.
Berkshire
Apr. 1, 1893
Oct. 1, 1882
187?
July 1, 1892
Oct. 1, 1873
Nov. 1, 1898
Apr. 1, 1<87
July 1, 1,898
Apr. 1, 1897
Apr. 1, 1897
Fob. !). l-(i9
July 1, 1896
Oct. 1, 18,87
1890
Apr. 1, 1896
July 1, 1892
Apr. 1, 1887
Dec. 3, 1870
Mar. 1, 1893
Apr. 1, 1888
Dec. 31, 1900
Nov. 21, 1887
Apr. 1, 1888
Dec. 1, 1892
July 1, 1891
Julv 1, 1884
July 1, 1892
Apr. 1. 189:',
Apr. 1, 1893
99 years
99 years
999 years
99 years
99 years
1 year
99 years
99 years
5 years
5 years
99 years
93 years
99 years
Optional
99 years
99 years
99 years
Perpetual
99 years
99 years
Temp'ary
Optional
99 years
99 years
95} years
99 years
99 years
99 years
99 years
$
36,00000
119,94000
$
$
25000
$
36,250 00
144,940 00
1,75000
63,500 00
170,000 00
1,00000
206,000 00
1,120.244 00
4,20000
1,80000
290,052 33
58,198 00
20,00000
3,65000
5,00000
46,630 00
255,400 00
37,237 80
1308,997 07
494,794 00
7,24350
2,884 95
6,250 00
11,350 00
23,415 72
13,463 00
416,000 00
27,17200
1,80000
$
36,250 00
81,16000
1,75000
41,18000
170,000 00
1,00000
108,780 00
972,470 00
4,200 00
1,80000
290,052 33
58,198 00
20.00000
3.05000
5,00000
33,486 00
159,260 00
37,287 80
1,422,737 07
494,794 00
7,24350
2,88495
6,25000
11,350 00
23,41572
13,46300
416,000 00
27,17200
1,80000
Boston & New York Air Line.
25,00000
1,75000
Danbury & Norwalk
30,00000
33,500 00
170,000 00
"'1,000' 66
Harlem River & Pt. Chester. .
Mid., Mer. & Waterbury
200,000 00
150,000 00
6,000 00
970,000 00
244 W
4,200 00
1,800 00
2,052 33
Milford & Woonsocket
Milf Frank. & Prov
Norwich & Worcester
240,000 00
20,698 00
48,00000
37,50000
Prov & Springfield
R I & Massachusetts. .
20,000 00
3,65000
Rockville
Woonsocket & Pascoag
New Haven & Derby
n,88o'66
98,40000
5,00000
28,75000
142,000 00
New Haven & Northampton. .
Hoi yoke & Westfield
15,00000
37,287 80
6.764 07
7,994 00
Old Colony
1,162.62300
400,00000
7,243 50
639,610 00
86,800 00
Boston & Providence
Attleborough Branch
Chatham
2,884 95
ibb'66
1,54472
Nantasket Beach
6,25000
11,250 00
Plymouth & Middleborongh
Prov War. & Bristol
21,871 00
7,063 00
350,00000
26,92200
Pawtuxet Valley
6,40000
60,00000
Providence & Worcester
Stockbridge & Pittsfield
West Stockbridge
Totals
6,00000
25000
1,80000
2,888,640 50
2,277,81000
112,821 87
5,279,272 37
4,451,634 37
In the cases of the New England, the Norwich and Worcester and the Boston and Providence, the cash
rentals were disbursed direct by the lessee.
It must be understood that the obligations of the Boston and New York Air Line RR. Co., New England
RR. Co., New Haven and Northampton Kit. Co., and Old Colony RR. Co., on account of the lines leased by
them, are assumed by the New York, New Haven and Hartford RR. Co. only during the continuance of its
leases of the parent roads. The dates and terms of leases of such subordinate leased lines shown in the pre-
ceding statement refer to the agreements with the direct lessees.
The lease of the Attleborough Branch RR. to the Boston and Providence RR. Corpn. expired on
Dec. 31, 1900, but the N. Y., N. H., & H. RR. Co. continues to operate the road, under a temporary
arrangement, pending the construction of a line of its own from North Attleboro Station to Adamsdale
Station.
1§. RAILBOADS OWNED OK LEAKED BT THE N. Y., N. H. & H. RR. Co.
Berkshire RR.— West Stockbridge to Conn.
State Line, 20.53 m. ; total track (steel, 24.81 m.),
25.82 miles. Chartered April 13, 1837; opened Dec.
for 99 years from April 1, 1893; annual rental. 6 ». c.
on the capital stock. Income Account, year ending
June 30. 1901. — Rental. $36.250: dividends. $396 —
1, 1842. Leased to the N. Y., N. H. & H. RR. Co., I total, $36,646. Expenses, $422. Net income, $3(3.224.
POOR S MANUAL— NEW YORK. NEW HAVEN AND HARTFORD SYSTEM. 27
Paid dividends (15th, J., A., J. & O., li p. c. each), Investments, $3,970; other assets, $12.250 — total,
$36,000. Surplus, $224. Balance Sheet,' June 30, $616.220. H. T. liobblns, Pres.. Great Harrington,
1901. — Capital stock ($100 shares), $600,000; un- ! Mass.; D. A. Klmball, Sec. & Treas., Stockbridge,
paid dividends, $1.346; profit and loss, $14,874 — Mass. Office, Stockbridge, Mass.
total, 616,220. Contra: Construction, $600,000; other
Boston and. New York Air Line RR.— New Haven to Willimantlc, Conn., 52.26 m.; 2d track. 5.23
m. ; total track (steel, 69.82 m.), 73.82 miles. Rail. 56 and 70 Ibs. Reorganization of vhe New Haven,
Middletown and Willimantic RR. Co., after foreclosure in 1875. (See Manual for 1884, page 102.)
Leased to the N. Y., N. H. & H. RR. Co., for 99 years from Oct. 1, 1882; annual rental, 4 p. c. on
the preferred stock and interest on bonds. Balance Sheet, June 30, 1901. — Capital stock — comm-m,
$909,468; preferred, $2.998,500; convertible bonds, $1,500; funded debt (1st 5s of Aug. 1. 1905, Int. F. £
A.), $500.000; accrued interest. $11,292; profit and loss, $239,336— total $4,660.096. Contra: Constni.'iii.n.
$4,488,525; equipment, $129.932; securities owned, $41,397; other assets. $242 — total, $4,660,096. J.
M. Hall, Pres.; E. H. Trowbridge, Vice-Pres. ; W. L. Squire, Treas.; W. E. Barnett, Sec. Office, New
Haven, Conn.
COLCHESTER RY.— Turnerville to Colchester,
Conn., 3.59 m. ; total track (steel, 3.8 m.), 4.49 miles.
Chartered in 1875; opened in 1876; leased for 999
years to the B. & N. Y. A. L. RR. Co. Capital stock
($100 shares), $25,000; funded debt (1st 7s of July
1, 1907, int. J. & J.), $25,000— total, representing
cost, $50,000. Funded debt is guaranteed by the
N. Y.. N. H. & H. RR. Co. Erastus S. Day, Pres.,
Colchester, Conn.
Danbnry and Norwalk RR.— Daubury to
Wilson's Point, Conn., 26.28 m.; Branchville to
Ridgefield, 3.97 m.; Bethel to Hawleyville. 5.95 m.
— total, 36.20 m. ; total track (steel. 53.2.3 m.),
56.49 miles. Chartered May, 1849. (See Manual
for 1892. page 272.) Leased to the N. Y.. N. II.
& H. RR. Co., for 99 years, from July 1, 1892, for
interest on bonds and 5 p. c. on stock. Balance
Sheet, June 30, 1901. — Capital stock ($50 shares),
$600,000; funded debt (see below), $650.000; ac-
crued interest. $14.875; profit and loss, $134.368 —
total, $1.399.243. Contra: cost of road, $1.170,271;
equipment. $228.972 — total, $1,399,243. The lessee
owns $446.400 of the capital stock (see Sec. 2).
Funded debt: $100,000 consol. 6s and $400,000 con-
sol. 5s of July 1, 1920, int. J. & J. ; and $150,000
iron. 5s of April 1, 1925. int. A. & O. F. St. J.
Lockwood, Pres., Norwalk, Conn.; John M. Hall,
Vice-Pres.; C. E. Robinson. Treas.; H. M. Koch-
orsperger, Sec., New Haven, Conn. Office, New
Haven, Conn.
Harlem River and Port Chester RR.—
New Rochelle to Harlem River, N. Y., 11.5 m.,
double track; 1.25 m., 3d track; 1.25 m., 4th track;
total track (steel, 89.28 m.), 100.14 miles. Rail, 60
to 100 Ibs. Chartered April 23. 1866; road opened
Nov. 24, 1873. Leased to the N. Y., N. H. & H.
RR. Co.. from Sept. 30. 1873; rental, interest on
bonds. Balance Sheet, June 30, 1901. — Capital stock
paid in ($1,000,000 auth. ; $100 shares), $42.550;
funded debt (see below), $3,000,000; unfunded debt,
$5.658.799 — total, $8,701,349. Contra: Cost of road,
etc.. $8.701.269: cash. $80— total. $8.701,349.
Funded debt: $1.000.000 1st 7s and $1,000.000 1st
6s of Oct. 1, 1903, int. A. & O.; and $1,000.000 2d
4s of June 1, 1911, int. J. & D. J. M. Hall, Pres.,
New Haven, Conn.; Win. D. Bishop, Vice-Pres.,
Bridgeport, Conn.; W. L. Squire, Treas.; W. E.
Barnett, Sec. Office, Grand Central Station, New
York, N. Y.
Middletown, Meriden and Waterbury
RR.— Cromwell to Waterbury. Conn., 29.5 m. ; total
track (steel; 56 Ibs.), 37.12 miles. No regular
trains are run over the section from Westfleld to
Cromwell, Conn., 3.5 miles. This company Is a re-
organization, in Oct., 1898, of the Meriden, Water-
bury and Connecticut River RR. Co. (See Manual
for 1897, page 20.) Leased for one year from Nov.
10, 1901, to the N. Y., N. H. & H. RR. Co.. the
lessee to make repairs. Capital stock, $100.000.
No bonded or other indebtedness. John M. Hall,
1'res. : Wm. L. Squire, Sec. & Treas., New Haven,
Conn.
Nanjgatnck RR. — Naugatuck June, to Winsfed,
Conn., 56.55 m.; Watertown to Waterbury, Conn.,
4.44 m. — total, 60.99 m. ; 2d track, 5.40 m. ; total
track (steel, 89.93 m.), 92.48 miles. Rail, 56 to
60 Ibs. Chartered in May. 1845; opened through
Sept. 24, 1849. Leased for 99 years from April 1,
1887, to the N. Y., N. H. & H. RR. Co.; rental,
bond interest and 10 p. c. dividends. Balance
Sheet, June 30. 1901.— Capital stock, $2,000,000;
funded debt (1st 4s of June 1. 1913, int. J. & D.),
$150.000; accrued interest, $500; profit and loss,
$272.784 — total, $2.423,284. Contra: Construction,
$2.024,697; equipment, $297.087; real estate. $101,
500 — total. $2.423.284. W. D. Bishop, Pres. & Sec..
Bridcrcport. Conn.: W. L. Squire. Treas., New
Haven. Conn. Otlice. Now Haven. Conn.
New England RR.— Boston, Mass.. to Hopewell June.. N. Y., 213.56 m.; Wicopee to Fisbkill Landing,
N. Y.. 1.71 m.; Boston to South Boston, Mass., 1.04 m.; Newton, Mass., to Woonsocket, R. I.. 28.67 m.;
Junction to Dedham, Mass.. 1.53 m.; Islington to Dedham, Mass., 2 m. ; Providence, R. I., to Willimantic,
Conn.. 57.76 m.; East Thompson, Conn., to Southbridge, Mass., 17.36 m.; East Hartford, Conn., to Spring-
field. Mass., 28.31 m. : Melrose to Rockville. Conn.. 7.22 m. — total, 359.16 m. ; 2d track. 117.67 m. ; side
and other tracks, l!t«>.17 m. — total track (stool. (>.">2.56 nj.), 673.00 miles. Rail, 60 to 79 Ibs. Ferry:
Fishkill Landing to Newburgh, N. Y., 0.79 mile. Reorganization, Aug. 26. 1895, of the N. Y. & N. E.
RR. Co. (See Manual for 1898, page 587.) Leased to the N. Y., N. H. & H. RR. Co.. for 99 years from
July 1, 1898, the lessee assuming all obligations of this company and guaranteeing dividends of 3 p. c.
per annum on the preferred stock. In connection with the lease, provision was made for the exchange of
this company's common and preferred stock for capital stock of the N. Y.. N. H. and H. RR. Co. (See
Manual for 1899, page 26.) Almost all of the capital stock has been so exchanged. (See Sec. 2.) Balance
Sheet, June 30. 1901.— Capital stock ($20,000.000 common, $5.000,000 preferred; $100 shares), $25,000.-
000; funded debt (see below). $16,500,000; current liabilities, $36.612 — total. $41,536.612. Contra: Cost
of road and equipment. $28.798,192; underlying rntpe. bonds of N. Y. & N. E. RR. Co., $11,500,000; cash
and current assets, $886.869; profit and loss, $351.551 — total. $41,536,612. Funded debt consists of $6.000,-
000 7 p. c. and $4,000.000 6 p. c. N. Y. & N. E. RR. Ists of Jan. 1, 1905, Int J. & J.; $1,500.000 N. Y. &
N. E. Terminal 4s of April 1, 1939, int. A. & O. ; and $5.000,000 N. E. RR. gen. gold 5s of July 1, 1945.
int. J. & J. The N. Y. & N. E. 1st mtge. bonds are secured on the entire railroad property;
the terminal mortgage bonds on a portion of the terminal property In Boston. The gen. mtge.
gold bonds are secured on the entire property of the company, subject to the liens of the prior
mortgages, for the retirement of which a sufficient amount of the gen. mtge. gold bondu Is reserved.
All bonds are for $1,000 each. In coupon form, with privilege of registration. The gen. mtpre. gold
bonds are guaranteed, by endorsement, by the N. Y.. N. H. & H. RR. Co. (See Manual for 1899, pace
36.) Trustee*: 1st mtge., Boston Safe Deposit and Trust Co., Boston. Mass.; terminal mtge., American
Loan and Trust Co.. Boston, Mass.; gen. mtge., Manhattan Trust Co., New York. N. Y. John M.
Hall. Pres., New Haven. Conn.: E. D. Rohbins. Vice-Pros., Hartford, ' Conn. ; J. W. Perkins, Sec.;
G. B. Phippeu, Treas., Boston, Mass. Office. Boston, Mass.
POORS MANUAL OF RAILROADS — NEW ENGLAND GROUP.
KAILROAUS LEASED TO THE N. E. RR. Co., LEASES ASSUMED BY THE N. Y., N. II. & H. RR. Co.
MILFOHD AND WOONSOCKET RR.— Belling-
hum to Ashland, Mass , 15.13 m. ; total track (steel,
10.U m.), 18.77 miles. Rail, 56 Ibs. Chartered May
2, 1850. Koad opeiied (Milford to Bellingham, U.'JO
rji.) June 2, 1806. Leased to the N. E. RR. Co., for
5 years from April 1, 1897. at a rental of $4,200 per
« u mi in. Payments, year ending June 30, 1901: In-
terest on bonds, $3,000; dividends (1 p. c.), $1,486;
expenses. $103— total. $4,589. Deficit, $389. Bal-
iince sheet, June 30, 1!)01. — Capital stock paid in
(mith., $200.000), $148,000; funded debt (1st 5s of
Doc. 1, 1908, int. J. & D.), $60,000 — total, $208,-
Ooo. Contra: Construction, $173,381; profit and loss,
$35.219 — total, $208,600. W. F. Draper, Pres.,
Hopedale. Mass.; J. E. Walker, Sec. & Treas., Mil-
ford, Mass. Office, Milford, Muss.
MILFORD, FRANKLIN, AND PROVIDENCE
RR. — Franklin to Bellingham, Mass., 4.65 m. ; total
track (steel, 5.02 m.), 5.09 miles. Road opened
Aug. 1, 1883. Leased to the N. B. RR. Co., for
5 years from April 1, 1897, at a yearly rental of
M.soO. Rental, year ending June 30, 1901.
$1,800. Payments: Interest on bonds, $600; divi-
dend (1 p. c.), $1,000; expenses, $4 — total, $1,604.
Surplus, $196; deficit forward, $8,255; net deficit,
$x.o59. Balance Sheet, June 30, 1901. — Capital
stock, $100,000; funded debt (1st 6s of Jan. 1, 1909,
int. J. & J.), $10.000— total, $110.000. Contra:
Cost of road. $101,308; cash, $633; profit and loss,
$8,059— total. $110.000. Edgar K. Ray, Pres.,
Franklin, Mass. ; W. F. Draper, Vice-Pres., Hope-
dale, Mass.; Adelbert D. Thayer, Treas.; G. W.
Wiggin, Sec., Franklin, Maes. Office, Franklin,
Mass.
NORWICH AND WORCESTER RR.— Groton,
Conn., to Worcester, Mass., 70.97 m.; connection at
Norwich with N. L. N. RR., 0.63 m.— total, 71.60
m.; total truck (steel, 99.72 m.), 108.24 miles. Rail,
60 and 80 Ibs. Consolidation in May, 1836, of the
Boston, Norwich and New London and the Worcester
and Norwich RR. Cos. The extension to Groton, 5.44
m., was opened June 4, 1899. The company owns the
capital stock ($500,000) of the Norwich and New
York Transportation Co. The entire property Is
leased to the N. E. RR. Co. for 99 years from Feb.
9, 1869; lease assumed by N. Y., N. H. & H. RR. Co.
Annual rental— interest on bonds and 8 p. c. on,.the
capital stock. Income, year ending June 30. 1901:
Rental, $288,000; other, $722 — total. $288.722. Ex-
penses. $521. Net income. $288.201. Paid interest
on bonds, $48,000; dividends (J. & J., 4 p. c. each),
$240,000— total. $288.000. Surplus, $201; surplus
forward. $1,231,531 — total, $1.231.732. Balance
Sheet, June 30, 1901. — Capital stock (common,
$6.600: preferred, $3,000,000), $3.006.600; funded
debt (debenture 4s of March 1, 1927, int. M. & S.),
$1,200,000: unfunded debt. $70.812; profit and loss,
$1,231,732— total, $5.509,144. Contra: Cost of Mad,
etc., $4,165,005; stocks and other investments, $503.-
107; other assets, $841,032 — total, $5,509.144.
Of the old common stock, $6.600 was never pre-
sented for exchange into preferred stock. It receives
no dividends. The authorized issue of bonds is $2 -
000,000, of which $800,000 is reserved for improve-
ments, etc. A. G. Bullock, Pres., Worcester, Mass.;
M. M. Whittemore, Treas. & Sec., New Haven, Conn.
Office, Worcester, Mass.
PROVIDENCE AND SPRINGFIELD RR.—
Providence to Douglas June., 27.73 m. ; total track
(steel. 30.92 m.), 33.14 miles. Chartered 1853; road
opened Aug. 11, 1873; extension from I'ascoag to
Douglas June., 6.84 m., opened June 11, 1893. No
regular trains are run over that section. Leased
to the New England RR. Co., for 93 years from July
1, 1896; annual rental, fixed charges and 4 p. c. on
the capital stock. Capital stock ($600,000 auth.;
$100 shares), $517,450; funded debt (1st 5s of July
1, 1922, int. J. & J,), $750.000 — total, representing
cost of road, etc., $1,267.450. W. Tinkham. Pres.;
E. G. Buckland, Treas. & Clerk, Providence, R. I.
Office, Providence, R. I.
RHODE ISLAND AND MASSACHUSETTS
RR. (IN MASS.).— Franklin, Mass., to R. I. State
Line, 6.52 miles. Operated by the N. Y., N. H. &
H. RR. Co. at a rental of $10,000 per annum, but
there has been no formal adoption of the old lease.
(See Manual for 1896, page 682.) Balance Sheet. June
30, 1901. — Capital stock, $100,000; surplus, $14.821—
total, $114,821. Contra: Cost of road, $112.321;
other assets. $2,500 — total, $114,821. J. M. Hall,
Pres., New Haven, Conn.; E. G. Buckland, Treas.
& Clerk, Providence, R. I. Office, Providence, R. I.
RHODE ISLAND AND MASSACHUSETTS RR.
(IN R. I.). — Valley Falls, R. L, to Mass. State Line,
7.07 miles. Chartered Jan., 1865; road opened in
Sept., 1877. Operated by the N. Y., N. H. & H. RR.
Co., but without a lease. (See statement for R. I.
& M. RR. in Mass.) Rental, year ending June 30,
1901, $10,000; interest received, $8— total, $10,008.
Payments: Dividends (5 p. c. ), $9,000; expenses, $1
— total, $9.001. Surplus, $1.007; surplus forward,
$3.103— total, $4,110. Balance Sheet, June 30, 1901.
— Capital stock, $180.000; profit and loss, $4,110 —
total, $184,110. Contra: Cost of road, $183,128;
other assets, $982 — total. $184,110. Jonathan Chace,
Pres., Valley Fulls, R. I.; E. G. Buckland. Sec. &
Treas., Providence, R. I. Office, Providence, R. I.
ROCKVILLE RR.— Vernon to Rockville. Conn.,
4.43 m. ; total track (steel), 5.45 miles. Chartered
May 6, 1857 ; road opened Aug. 10, 1863. Operated by
the N. Y., N. H. & H. RR. Co., under a lease termi-
nable on thirty days' notice by either party, at a
rental of $10 a day. Capital stock (common, $68,750;
preferred, $40.000), $108,750. H. L. James, Pres.;
J. C. Hammond, Jr., Sec. & Treas. Office, Rockville,
Conn.
WOONSOCKET AND PASCOAG RR.— Woon-
socket to Harrisville, 9.45 m. ; total track (steel,
10.27 m.), 10.49 miles. Rail, 56 Ibs. Chartered May
21, 1889; opened about March 1, 1891. Leased to the
N. E. RR. Co., for 99 years from April 1, 1896;
rental, interest on the bonds. Capital stock paid In,
$200,000; funded debt (1st 5s of Oct. 1, 1910, Int. A.
& O.), $100,000 — total. $300,000, representing cost
of property. The capital stock is owned by the
lessee. Interest on bonds is guaranteed by the city
>f Woonsocket. C. Peter Clark, Pres.; G. B.
Phippen, Treas.; J. W. Perkins, Sec., Boston, y
New Haven and Derby RR.— New Haven
to Ansonia. Conn., 12.90 m.; Derby to Huntlngton,
Conn., 3.79 m. — total, 16.69 m. ; total track (steel,
25.6 m.). 25.93 miles. Rail. 56 to 67 Ibs. Chartered
in May. 1864: main line opened Aug. 1, 1871; branch,
Nov. 14, 1888. Leased for 99 years from July 1,
1892, to N. Y., N. H. & H. RR. Co. Rental.
Interest on bonds and dividends of 4 p. c. on capital
stock. Balance Sheet, June 30, 1901. — Capital stock
paid in ($700.000 auth.: $100 shares). $447.000;
funded debt (see below). $1.280.000; accrued inter-
est, $4,792; profit and loss, $28,275 — total, $1,760,-
067. Contra: Construction, $1,559,392; equipment,
$200,67!) — total, $1.760,067. Funded debt consists
of $225.000 1st mtge. 7s and $480,000 6 p.fc. mtge.
certificates, both matured Feb. 1, 1900; also $575,-
000 consul, mtge. 5 p. c. bonds, due May 1. 1918,
interest May und Nov. The 1st mtge. bonds and
the mtge. certificates were taken up at maturity by
the lessee and are held as a charge against the
road. (See General Index for reference to Bond
List.) .1. M. Hall, Pres.; W. E. Barnett, Vice-
Pres.; C. E. Robinson. Treas. ; H. M. Koehersperger,
Sec., New Haven, Conn. Office, New Haven, Conn.
New Haven and Northampton RR.— New Haven, Conn., to Conway June., Mass., 94.64 m.;
Farmington to New Hartford, Conn., 14.09 m.; Northampton to Williamsburg, Conn., 7.51 m.; South Deer-
field to Turner's Falls. Mass., 10.07 m. — total, 126.31 m. ; total track (steel, 173.72 m.), 179.26 miles. Rail,
60 Ibs. Organized in May, 1836. (See Manual for 1891, page 378.) Leased for 99 years, from April 1, 1887,
to the N. Y., N. H. & H. RR. Co.; rental, interest on bonds and 4 p. c. on stock. Balance Sheet, June 30,
1901. — Capital stock paid in ($5,000,000 auth.; $100 shares), $2.460,000; funded debt (see below). $2.600,-
000; sinking fund, $330.000; profit and loss, $1,548.057 — total, $6.938,057. Contra: Construction and
equipment, $6,582,017; other investments. $25.489; sinking fund trustees, $330.000: cash assets, $551 —
total. $6.938,057. Funded debt consists of $1,200.000 consol. 6s of April 1, 1909, Int. A. & O.; $700,000
Northern Extension 5s of April 1, 1911, Int. A. & O. ; and $700,000 convertible 5s of July 1, 1904. int.
J. & J. The consols are a first Hen on the line from New Haven, Conn., to Northampton. Mass.. 76 in..
and on the branches to New Hartford and to Williamsburg, a total of 97.6 miles*- They are addition-
POOR'S MANUAL— NEW YORK, NEW HAVEN AND HARTFORD SYSTEM. 29
ally secured by a sinking fund of $15,000 a year. (See Manual for 1900, page 30.) The Northern Extension
lx>nds are a first lien on the extension from Northampton to Conway June, and on the Turner's Falls Branch.
The convertible bonds fell due in 1896, but were extended for 8 years in consideration of a waiver of the
convertible rights by the bondholders. Trustee of consols: Union Trust Co., New York, N. Y. Other
trustees: George J. Brush, George St. John Sheffield, New Haven, Conn. Interest on bonds payable
at the National Tradesmen's Bank, New Haven, Conn. Bonds are all of the denomination of $1,000, in
coupon form, with privilege of registration. The capital stock and $350,000 of the convertible bonds are
owned by the lessee. J. M. Hall, Pres. ; E. A. Ray, Sec. & Treas., New Haven, Conn. Office, 214 llail-
road Office Building, New Haven, Conn.
HOLYOKE AND WESTFIELD RR.— Holyoke
to Westfleld, 10.32 m. ; total track (steel, 14.05" m.),
24.56 miles. Chartered in 18TO; opened throughout
in 1879. Leased in perpetuity to N. H. & N. RR. Co.,
and lease assigned to the N. Y., N. H. & H. RR.
Co. Rental, 50 p. c. of gross earnings, with a
minimum guaranty of $8,000 a year. Income, year
ending June 30, 1901: Rental, $37,324; other receipts.
$461 — total, $37,785. Payments: Expenses, $3,332;
dividend (10 p. c.), $26,000; interest on bonds,
$8,000— total, $37.332. Surplus, $453. Balance
Sheet, June 30, 1901.— Capital Stock, $260,000;
funded debt (1st 4s of April 1, 1911, int. A. & O.),
$200,000; income balance, $28,987 — total, $488,987.
Contra: Construction, $402,269; other assets, $26,-
718— total, $488,987. The bonds are guaranteed by
the New Haven and Northampton RR. Co., the
guaranty being assumed by the N. Y., N. H. & H.
RR. Co. E. W. Chaplin, Pres.; Fred. F. Partridge,
Treas.; T. B. O'Donnell, Sec. Office, Holyoke, Mass.
Old Colony RR.— Boston, Mass., to Newport, R. I., 67.60 m.; Mayflower Park to Some-set June.,
Mass., 36.31 m.; Middleborough to Provincetown, Mass., 85.66 m.; Raynham to Whittenton Jui.c., Mass.,
3.38 m.; Braintree to Kingston, Mass., 32.34 m.; South Braintree to Plymouth, Mass., 26.04 m.; Framing-
ham to Lowell, Mass., 26.12 m.; New Bedford to Fitchburg, Mass., 91.25 m.; Neponset to Mattapan, Mass.,
3.3 m. ; Stoughton Branch June, to Stoughton, Mass., 1.65 m. ; Harrison Square, Mass., to Shawmut and
Milton June., 2.39 m. ; Whitman, Mass., to Bridgewater Iron Works, 6.12 m. ; Elmwood to Westdale, Mass.,
0.75 m.; Atlantic to Braintree, Mass., 5.41 m.; South Yarmouth to Hyannis, Mass., 5.05 m. ; Buzzard's Bay
to Woods Holl, Mass., 17.54 m. ; Tremont to Fairhaven, Mass., 15.17 m. ; North Abington to Hanover, Mass.,
7.8 m.; Matfield to Easton, Mass., 1.BB m.; extension to Plymouth, and Middleborough RR., in Middle-
borough, Mass., 0.42 m.; Middleborough, Mass., to Middleborough and Taunton June., 8.04 m. ; Attleboro'
Branch June, to Attleborough, Mass., 8.60 m.; Attleboro' Branch June, to Whittenton, Mass., 0.98 m.;
Pratt's June, to Sterling June., Mass., 5.03 m.; Lancaster Branch June, to Lancaster Mills, Mass., 1.63
m.; Marlborough June, to Marlborough, Mass., 1.47 m.; South Framingham to Woman's Reformatory, Mass.,
0.62 m. ; Walpole June, to North Attleborough, Mass., 12.85 m.; Walpole June, to Norwood June.,
Mass., 5.76 m.; New Bedford to Fall River, Mass., 12.25 m.; Fall River, Mass., to Warren, R. I.,
7.95 m.; connection with P. & W. RR., 0.22 m.; connection with N. E. RR., Boston, Mass., 0.23 m.
—total, 507.49 miles. 2d track, 159.74 m. ; 3d track, 4.59 m.; 4th track, 2.63 m.; sidings, 233.21 m.—
total track (813.51 m.), 907.66 miles. Rail (See also Manual for 1893, page 505, and Manual for 1897.
page 562.) The company owns a controlling interest in the Old Colony S. B. Co. and in the New
Bedford, Martha's Vineyard and Nautucket S. B. Co. The system is leased to the N. Y., N. H. & H.
RR. Co., for 99 years from March 1, 1893, the lessee assuming all liabilities of this company and agree-
ing to pay as rental 7 p. c. a year on the capital stock. The agreement also provided for an exchange
of stocks on the basis of nine shares of New Haven for every ten shares of Old Colony (see Sec. 2).
Income Account, year ending June 30, 1901. — Rental, $1.80S.'.i!»7. I 'aid expenses of organization, $6,764;
interest on bonds and on floating debt, $639,610; dividend (7 p. c.), $1,162,623— total, $1,808,997.
General Balance Sheet (O. C. SH.), June 30, 1901.
Cost of Road $26,848,41483
Cost of Equipment 3,161,518 83
Stocks Owned l,537,14!t !»4
Bost. & Prov. RR. Co., Imp. Acct 3,270,723 51
Providence Terminals 74,016 78
Bills Receivable 26.488 73
Cash 401,31277
Debit Balances 55,83500
Total Assets $35,375,460 39
Capital Stock (auth., $20,000,000) $16,608,900 00
Liability on Outstanding Stock Old Cos. 8,725 00
Funded Debt (see below) 15,2(>5,200 00
Kills Payable 187,000 00
Credit Balances 247,678 94
Dividends Unpaid 16,008 31
Dividend due July 1, 1901 290,655 75
Coupons and Accrued Interest 220,598 50
Premium on Stock and Bonds Sold 1,763.499 92
Surplus Account 767,193 97
Total Liabilities $35,375,460 39
In Dec., 1901, the company issued $150,000 of capital stock to provide the means for building an exten-
sion from North Attleborough to a point near Adumsdale. Mass.
Funded debt consists of the following: $5,200 past due 1st intge. bonds; $1,912,000 B., C., F. & N. RU.
1st 5s of Jan. 1, 1910, int. J. & J.; $498,000 debenture 4Js of April 1, 1904, int. A. & O.; $750,000 debenture
4s of July 1, 1904, int. J. & J. ; $4,000,000 debenture 4a of Jan. 1, 1938, int. J. & J. ; $3,000,000 debenture 4s
of Feb. 1, 1924, int. F. & A.; and $5,100,000 debenture 4s of Dec. 1, 1925, int. J. & D. The Boston, Clinton,
Fitchburg and New Bedford bonds are secured by first mortgage on the line from Fitchburg to New Bedford,
Mass., and on the Marlborough, Weir, Acushnet, Fairhaven, Attleborough, Sterling, Lancaster Mills and
Framingham Prison Branches, a total of 125.51 miles. This is the only issue secured by mortgage, those
securing the past-due bonds having been discharged. The bonds are for $1,000 each, in coupon form. Interest
is payable at the New England Trust Co., Boston, Mass. The debenture 4s of 1904 are in registered form;
the 4$s of 1904, in coupon form; the 4s of 1938, 1924, and 1925, in coupon form, with right of registration, or
in fully registered form. Interest on debentures payable at the Treasurer's office, Boston, Mass. A fuller
description of the bonds will be found in the Ready Reference Bond List — see General Index.
Bills payable consist of a note for $175,000, due Aug. 25, 1899, and secured by mortgage on South Boston
lands; also $12,000 due the Old Colony- Beneficial Association.
The charges to the property account during the year amounted to $525,024.96. There was received from
the Commonwealth for grade crossings abolished, $157,355.41; received from sale of land and gravel,
$123,953.70 — total, $281.309.11. Net credit to property accounts, $243,715.85.
" Stocks Owned ": Old Colony Steamboat stock, $1,277,500; New York, Providence and Boston and Old
Colony RR. Terminal Co. stock, $52,850; Providence, Warren and Bristol RR. stock, $1,600; New Bedford,
Martha's Vineyard and Nantucket Steamboat stock, $15,340.83; Union Freight RR. stock, $79,014.42; Fall
River RR. Co. stock, $245; Lowell and Framingham RR. Co. stock, $10,529.69; Oak Bluffs Land and Wharf
Co. stock, $70; the Boston Terminal Co. stock, .$100,000— total, $1,537,149.94.
Directors (elected Sept. 24, 1901). — C. F. Choate, Southboro, Mass.; T. J. Borden, J. S. Brayton, Fall
River, Mass.; Thos. Dunn, Newport, R. I.; John M. Hall, New Haven, Conn.; G. A. Gardner, Boston. Mass.;
C. L. Levering, Taunton, Mass.; J. M. Sears, Boston, Mass.; Nathaniel Thayer, Lancaster, Mass. Officers:
C. F. Choate, Pres.; li. B. Torrey, Treas.; A. H. Litchfield, Clerk. Oflice, Boston Terminal, Room 526,
Boston, Mass.
30
POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.
RAILROADS LEASED BY THE OLD COLONY RR. Co., LEASES ASSUMED BY THE N. Y., N. H. & H. RR. Co
ATTLEBOROUGH BRANCH RR.— Attleborough
to North Attleborough, Mass., 4 m. ; total track
(steel, 4.44 m.), 5.48 miles. Chartered Feb. 8, 1867;
opened Jan. 9, 1870. Operated by the N. Y., N. H.
& H. RK. Co., under a temporary arrangement
dating from the expiration of the lease to the
Boston and Providence KK. Co. (Dec. 31, 1900), at
a rental of 4 p. c. per annum on the capital stock.
Balance Sheet. June 30, 1901. — Capital stock ($100
shares), $131.700. Contra: Cost of road, $131,416;
cash, $241; profit and loss, $43— total, $131,700. H.
]•'. Barrows, Pres.; H. F. Barrows, Jr., Treas.,
North Attleborough, Mass.; J. R. Bronson, Clerk,
Attleborough, Mass. Office, North Attleborough,
Mass.
BOSTON AND PROVIDENCE RR.— Boston,
Mass., to Providence, R. I., 41.89 m. ; East June.,
Mass., to India Point, Providence, R. I., 8.05 m.;
Forest Hills to Dedham, Mass., 5.37 m. ; Readville
to Dedham, Mass., 2.47 m.; connection with N. E.
RR., Readville, Mass., 1.20 m.; Canton June, to
Stoughton, Mass., 4.05 m. — total, 63.03 miles. 2d
track, 54.98 m. ; 3d track, 12.88 m. ; 4th track, 12.88
m. ; sidings. 81.79 m. ; total track (steel, 207.7 m.),
225.56 miles. This Includes only one-half of mile-
age of tracks between Providence Passenger Station
and Boston Switch, owned jointly with Providence
and Worcester RR. Co. Rail, 70 and 78 Ibs.
Chartered July 22, 1831; opened in Aug., 1835.
(See Manual for 1891, page 415.) Leased to the
Old Colony RR. Co., for 99 years from April 1,
1888, the rental payable under the lease being an
amount equivalent to the interest on the bonds,
dividends at the rate of 4 p. c. per annum on the
capital stock and $3,000 per annum for organization
expenses. Income Account, year ending June 30,
1901. — Rental, $489,800; other receipts, $400 — total,
$490,200. Payments: Coupons, $86,800; dividends (J.,
*2L, J. & O., 2J p. c. each), $400,000; other expenses,
$4,335— total, $491,135. Deficit, $935. Balance
Sheet, June 30, 1901. — Capital stock ($100 shares),
$4,000.000; funded debt (1st 4s of July 1, 1918,
Int. J. & J. ), $2,170,000; unfunded debt, $249,-
893; profit and loss, $80,091 — total, $0,4,99,984.
Contra: Cost of road, etc., $5,917,323; other
Investments. $419,703; cash, $162,957— total, $6,-
499,984. R. C. Taft. Pros., Providence, R. I ;
B. B. Torrey, Treas. & Clerk, Boston, Mass. Office,
Boston Terminal, Room 526, Boston, Mass.
CHATHAM RR.— Harwich to Chatham, Mass.,
7.07 m. ; total track (steel, 7.47 m.), 7.84 miles
Rail, 50 Ibs. Chartered Feb. 25. 1887; opened Nov.
21, 1887. Leased to the Old Colony RR. Co. Jan.,
1888; lease .may be terminated at any time. Rental
year ending June 30, 1901, $2,885; other receipts'
$203— total, $3,088. Payments: Interest on bonds'
$1,428; other charges, $310 — total, $1,738. Surplus
$1,350. Balance Sheet, June 30, 1901.— Capital stock
($100 shares), $68,200; funded debt ($5,700 1st Os of
Nov. 1, 1902, and $18,000 1st 6s of Nov. 1, 1907; int.
M. & N.). $23,700; unfunded debt, $237; Income bal-
ance, $11,339— total, $103,476. Contra: Cost of
road, etc., $98,436; stocks, etc., $2.055; assets
$2,985— total, $103,476. C. A. Freeman, Pres.,
North Chatham, Mass.; Chas. Bassetti, Sec. &
Treas., South Chatham, Mass. Office, Chatham,
Mass. .
NANTASKET BEACH RR.— Nantasket June, to
Pemberton, Mass., 6.95 m. ; 2d track, 6.88 m. ; total
track (steel, 17.77 m.), 18.33 miles. Rail, 56 Ibs.
Operated by electricity. Reorganization of a
company of the same name, whose property was
sold under foreclosure Jan. 7, 1884. (See Manual
for 1891, page 29.) Leased in 1888 to the Old Col-
ony RR. Co., for 99 years, at a yearly rental of
$6.250. Lessee has the option under the lease of
purchasing the property in 1908, for the sum of
$150,000. Funded debt (1st 2js of April 1, 1901),
$250,000, representing cost, etc. Arthur W. Moors,
Trustee, Boston, Mass. Office, Pemberton (Hull),
Mass.
PLYMOUTH AND MIDDLEBOROUGH RR.—
Plymouth to Middleborough, Mass., 15.03 m. ; total
track (steel, 15.96 m.), 16.05 miles. Rail, 56 Ibs.
Chartered March 20, 1890; road opened Dec. 4, 1892.
Leased for 9Hjjears from Jan. 1, 1892, to the Old
Colony RR. Co. ; no rental for first 25 years of the
lease; beginning Jan. 1, 1917, lessee will pay as
rental 30 p. c. of gross earnings, 4 p. c. on capital
stock to be guaranteed. Meanwhile interest on bonds
is guaranteed and paid by the lessee. Balance Sheet,
June 30, 1901. — Capital stock ($100 shares), $80,-
000; funded debt (1st 5s of Jan. 1, 1912. int. J. & J. ),
$2:25. (100— total, representing cost, $305,000. T. D.
Shumway, Pres. & Treas.; B. A. Hathaway, Clerk.
Office, Plymouth, Mass.
PROVIDENCE, WARREN AND BRISTOL RR.
—East Providence to Bristol, R. I., 13.6 m.; India
Poin*: Branch, 0.75 m.— total, 14.35 m. ; 2d track,
7.77 m. ; total track (steel, 26.25 m.) 29.78 miles.
Rail, 56 to 70 Ibs. Chartered as the Providence and
Boston RR. Co., Oct., 1850; name changed June, 1852.
Opened in July, 1855. Leased to the Old Colony RR.
Co., for 95 years and 9 months from July 1, 1891;
lessee to pay 5 p. c. on common and 5 p. c. on pre-
ferred stock for ten years, and 6 p. c. on each during
the remainder of lease; also to pay interest and
taxes, and $500 per annum for salaries. Balance
Sheet, June 30, 1901. — Capital stock ($100 shares),
preferred, $150,000; common, $287,300; unfunded
debt, $50,750; profit and loss, $22,087 — total, $510,-
137. Contra: Cost of road, etc., $497,411: cash
assets, $12,726— total, $510,137. C. F. Choate,
Pres.; B. B. Torrey, Treas., Boston, Mass.; E. G.
Buckland, Sec., Providence, R. I. Office, Boston
Terminal, Room 526, Boston. Mass.
to N. Y., P. & B. RR. Co. for 99 years from July 1,
1884, and lease assigned to the N. Y., N. H. & H.
RR. Co. Annual rental— interest on the bonds and 7
p. c. on the capital stock. Balance Sheet, June 30
1901.— Capital stock. $100,900; funded debt (1st 4s
of April 1, 1925, int. A. & O.), $160,000— total,
$260,900. Contra: Cost of road, etc., $260,900.
Henry Howard. Pres. ; W. H. Pope, Clerk & Treas.
Office, Providence, R. I.
Providence and Worcester RR. — Provi-
dence, R. I., to Worcester, Mass, (owned, 40.9 in.),
43.41 m. ; Valley Falls to East Providence, 7 m. —
total (owned. 47.9 m.), 50.41 miles. 2d track (owned,
46.48 m.). 51.48 m. ; 3d track (owned, 2.15 m.),
4.30 m.; 4th track (owned, 2.15 m.), 4.30 m. ; total
track (owned. 167.21 m.), 186.63 miles. Between
Providence Passenger Station and Boston Switch,
5 m., the roadbed and tracks are owned jointly
with the Boston and Providence RR. Co. Rail
(steel), 60 to 100 Ibs. Consolidation, Nov. 4, 1845,
of two companies of the same name, chartered in
1844. Main line opened In Oct., 1847; branch in
1875. Leased for 99 years from July 1, 1892, to
the N. Y., N. H. & H. RR. Co., at an annual rental
of 10 p. c. on the capital stock, interest on the
bonds, and $6,000 for organization expenses. In-
come, year ending June 30. 1901. — Rental. $41<> IKSII;
other receipts, $1,579 — total, $417,579. I'M id inter-
est on bonds, $60,000; dividends (10 p. c.), $350,000;
organization expenses, $5,756, leaving surplus.
$1,823. Balance Sheet. June 30, 1901. — Capital
stock ($100 shares), $3,500,000; funded debt (1st
4s of Oct. 1. 1947, int. A. & O.), $1,500,000; income
balance. $222.113— total, $5,222,113. Contra: COB!
of road, etc., $5,105.137; other assets, $116.970—
total, $5,222,113. M. B. I. Goddard, Pres.; W. A.
Leete, Clerk & Treas.. Providence, R. I. Office,
Lauderdale Building, 144 Westminster St., Provi-
dence, R. I.
Stockbridgre and Pittsfield RR.— Vandeu-
senville to Pittsfield, Mass., 22.02 m. ; total track
(steel. 34.12 m.), 35.07 miles. Chartered March 20,
1847; opened Jan. 1, 1850. Leased to N. Y., N. H. &
H. RR. Co. for 99 years from April 1, 1893; rental,
lessee to pay 6 p. c. on capital stock and $250 for
organization expenses. Income, year ending June 30,
1901. — Rental. $27.172; other receipts. $204 — total.
$27.376. Payments: Expenses, $340: dividends (6 p.
c.), $26.922— total, $27.262. Surplus, $114. Bal-
ance Sheet. June 30. 1901. — Capital stock ($100
shares). $448.700; dividends unpaid, $176; profit and
loss. $10,145 — total. $459.021. Contra: Construc-
tion, etc., $448.700; other investments. $2.550;
sundry assets, $7,771— total. $459,021. H. W. Taft,
I'res., Pittsfield. Mass.; D. A. Kimball, Sec. &
Treas., Stockbridge, Mass. Office, Stockbridge,
Mass.
West Stoekbridge RR.— West Stockbridga
to State Line of New York, 2.64 m. ; total track
POORS MANUAL OF RAILROADS.
31
(steel, 3.24 m.), 3.57 miles. Chartered April 5,
1836; rtuid opened Aug. 10, 1838. Leased to the
X. Y.. N. H. & H. RR. Co., at a rental of $1,800 a
year, equivalent to dividends (payable 1st April)
at the rate of 4j p. c. on the capital stock. Bal-
ance Sheet, June 30, 1901. — Capital stock, $39,600;
profit and loss, $450 — total, $40,050. Cost of road,
$39,600; cash and other assets, $450— total, $40,060.
J. M. Hall, Pres. ; H. M. Kochersperger, Clerk &
TreaB., New Haven, Conn. Office, New Haven, Cone.
19. Board of Director!, N. Y., N. H. & H. RR. Co., as constituted April 1, 1902.
Wil 1 Jam D . Bishop. Bridgeport, Conn .
F. W. Cheney .So. Manchester, Conn.
Joseph Park New York, N. Y.
Chauncey M. Depew "
William Rockefeller. "
Edward Milner Moosup, Conn.
Leverett Brainard . . .Hartford, Conn.
J. Pierpont Morgan. New York, N.Y.
Geo. M. Miller "
John M. Hall . . . .New Haven, Conn.
Charles P. C'hoate Boston, Mass.
Nathaniel Thayer " "
One vacancy.
Royal C. Taft Providence. R. I.
Chas. F. Brooker.Torrington, Conn.
Carlos French Seymour, Conn.
Oeo. J. Brush. . . .New Haven, Conn.
I. De Ver Warner. Bridgeport, Conn.
Arthur D.Osborne .NewHaven.Conn.
JOHN M. HALL, President New Haven, Conn.
W. F. Merrill, 1st Vice-President " "
Percy R. Todd, 2d Vice-President
Wnj. E. Burnett, %d Vice-President "
Fayette S. Curtis, 4th Vice-President Boston, Mass.
Treasurer— William L. Squire New Haven, Conn. | Comptrollei — H. M. Kochersperger, New Haven, Conn.
Secretary— W. D. Bishop, Jr Bridgeport, Conn.
PRINCIPAL OFFICE AND ADDRESS New Haven, Conn.
PORTLAND AND RUMFORD FALLS RAILWAY.
Main Line of Road. — Rumford Junction to Rumford Falls, Me 53.58 m.
Otis Fall* Branch : Canton to Livermore Falls, Me 10.27 m. — 63.85 miles.
TRACKAGE : Maine Central RR. : Rumford Junction to Lewiston, Me 4.20 "
Total length of lines operated, June 30, 1901 68.05 miles.
Sidings, etc., 21.10 miles. Gauge, 4 ft. 8i in. Rail (steel, 83.18 m.), 56 to 70 Ibs.
History.— Chartered Dec. 4, 1890 ; road completed Feb. 12, 1894 (see MANUAL for 1897,
page 15). The Rumford Falls and Buckfield RR. Co. was absorbed in Nov., 1896. The Otis
Falls Branch was put in operation about Sept. 1, 1897. The company owns a controlling
interest in the capital stock of the Rumford Falls and Rangeley Lakes RR. Co.
Rolling Stock, June 30, 1901. — Locomotives, 11. Cars — passenger, 6 ; combination,
3; baggage, mail and express, 1; freight (box, 75 ; flat, 35 ; coal, 25), 135 ; service, 46 — total
cars, 191.
Operations, year ending June 30, 1901. — Train mileage — passenger, 113,276; freight,
102,809 ; other, 89,611— total, 305, (596 miles. Passengers carried, 145,109 ; carried one mile,
3,683,628; average mile rate, 2.567 cents. Tons freight moved, 479,939; moved one mile,
15,497,249 ; average ton-mile rate, 2.139 cents.
EXPENSES. 1899-00 1900-01
Maintenance Way and Bldgs. . . $69,985 33 $108,697 68
Maintenance of Equipment. . . . 51,128 34 37,429 49
Conducting Transportation.... 108,111 85 120,55527
General Expenses 18,222 41 19,614 64
Totals ... ... ¥247,447 93 $286,297 08
Totals per Mile 3,636 29 4,207 16
EARNINGS. 1899-00
Passenger $09,822 ti6
Freight 270,69205
Mail and Express 9,968 73
Miscellaneous 5,996 17
1900 01
$94,567 85
331,489 12
10,679 80
3,371 08
Totals $356,479 61
Totals per Mile 5,23850
$440,107 85
6,467 42
Net earnings, 1900-01 (34.95 p.-c.), $153,810.77 ; other receipts, $21,384.96— total, $175,-
195.73. Payments: Interest on funded debt, $53,680; taxes, $10,800; dividends (5 p. c.),
$65,000; sinking fund payments, $11,666.67— total, $141,146.67. Surplus, $34,049.06.
Profit and Loss Account, year ending June 80, 1901.— Surplus income, $34,049.06 ; sur-
plus from June 30, 1900, $211,914.05; miscellaneous receipts, $2,475.82— total, $248,438.98.
Contra : Amounts standing to the debit of trustees' sinking funds, now transferred to credit
separate accounts "sinking funds for redemption of bonds," $8,922.70 ; premium on bonds
purchased, $2,280; miscellaneous payments, $279.46; surplus, June 30, 1901, $236,956.77—
total, $248,438.93.
32 POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.
General Balance Sheet, June 30, 1901.
Construction $2,061,417 28
Cost of Equipment 174,830 36
Real Estate 23,76232
Stocks and Bonds Owned 356,202 00
Other Permanent Investments 4,475 00
Materials and Supplies 43,638 04
Notes Receivable 410,400 00
Trustees' Sinking Fund 20,589 37
Cash and Current Assets 102,138 53
Total Assets $3,197,452 90
Capital Stock ($100 shares) $1,500,06000
Funded Debt Outstanding (see below).. 1,342,00000
Interest and Taxes Accrued lii.838 17
Current Liabilities 00,121 33
Appropriation for Bridges (bal. unexp.)-. 9,503 26
Appropriation for Equipm't (bal. unexp.). 5,444 00
Sinking Funds for Redemption of Bonds.. 20,589 37
Profit and Loss 236,956 77
Total Liabilities $3,107,452 90
Funded Det»t. — The funded debt outstanding: on June 30, 1901 — total, $1,342,000, as per general
balance sheet— consisted of (a) $992,000 1st (consol.) sinking fund gold 4s of Nov. 1, 1926. interest M;iv and
Nov. ; and (b) $350,000 debenture sinking fund gold 4s of Aug. 1, 1927, interest Feb. and Aug. Additional
particulars will be found in the Ready Reference Bond List — see General Index.
Directors (elected Sept. 10, 1901).— Hugh J. Chisholm, Fred E. Kicliards, R. C. Brad-
ford, Portland, Me. ; Waldo Pettengill, George D. Bisbee, Rumford Falls, Me. ; Galen C. Moses,
Bath, Me.; George C. Wing, Auburn, Me.; Charles D. Brown, Boston, Mass.; A. N. Burbank,
New York, N. T.
HUGH J. CHISHOLM, President , Portland, Me.
Waldo Pettengill, Vice-President Rumford Falls, Me.
Treas. & Clerk— R. C. Bradford Portland, Me. | Supt.—E. L. Lovejoy Rnmford Falls, Me.
PRINCIPAL OFFICE AND ADDRESS Portland, Me.
Operating Office. Rumford Falls, Me.
RUMFORD FALLS AND RANGELEY LAKES RR.— Rumford Falls to Bemis,
Me., 27 m.; Houghton to Township E, 4.31 in. — total, 31.31 m. ; total track (steel; 60 and 65
Ibs.), 36.76 miles. Gauge, 4 ft. 8£ in. Chartered Sept. 11, 1894, and acquired all the rights
of the Portland and Rumford Falls RR. Co. for extension of its line to the lakes. Road
opened throughout on May 20, 1896. An extension from Bemis to Rangeley Outlet, a distance
of about 10 miles, is under construction and expected to be ready for operation bv Julv 1,
1903. The Portland and Rumford Falls Ry. own a controlling interest in the capital stock
of this company. Locomotives, 4. Cars — passenger, 1 ; baggage, etc., 1 ; freight (box, 2 ;
flat, 49 ; logging, 106), 157; other, 16 — total, 175. Of this equipment, 1 locomotive, 1 box,
and 49 flat cars are held under car trusts.
Operations, year ending June 30, 1901. — Trains run (passenger, 25,560; freight. 34,144;
other, 16,090). 75,794 miles. Passengers carried, 15,702 ; carried one mile, 349,751. Tons
freight moved, 118.226; ton-miles, 2,602,653. Earnings (passenger, $14,820; freight, $74,747;
other, $3,392), $92,959. Operating expenses, $64,191. Net earnings, $28,768. Payments:
Interest on bonds, $20,000 ; other interest, $387 ; taxes, $1,390— total, $21,777. Surplus,
$6,992; surplus forward. $37,791; deductions for year, $3,660— total, $41,123.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares). $150.000; funded
debt (1st gold 5s of Oct. 1, 1937, int. A. & O.), $400,000 ; accrneC +axes, $562; notes payable,
$9,181; current liabilities, $14,814; interest accrued, not due, $5.000- other liabilities, $4.475:
profit and loss, $41,123— total, $625,155. Contra: Cost of road and equipment, $608,963;
cash and current assets, $16.192— total, $625,155.
Directors (elected Sept. 10, 1901).— Hugh J. Chisholm, Wm. W. Brown, Herbert J
Brown, E. B. Denison, Fred E. Richards, R. C. Bradford, Portland. Me.; Galen C. Moses,
Bath, Me. ; Waldo Pettengill, George D. Bisbee, Rumford Falls, Me. : Walter E. Plumnier.
Lisbon Falls, Me. OFFICERS : HUGH J. CHTSHOLM, Pres.; R. C. Bradford, Treas. & Clerk,
Portland, Me. ; Waldo Pettengill, Gen. Mgr., Rumford Falls, Me. GENERAL OFFICE, Port-
land, Me.
RUTLAND RAIL:; D COMPANY.
1. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 340.46 miles).
Main Line: Bellows Falls, Vt., to Ogdensburg, N. Y . . .278.80 miles.
Alburgh Branch: Al burgh, N. Y., to Canadian Boundary 2.80
Bennington Branch : Rutland to Bennington, Vt 57.01 '
White Creek Branch: North Bennington, Vt.. to White Creek, N. Y 1.85
B. LEASED LINES (total, 18.60 miles).
Addison RR. : Leicester Junction, Vt., to Ticonderoga, N. Y 15.16 "
Rutland and Noyan Ry. : Noyan Junction, Que., to Vermont Line 3.44 "
Total length of lines operated, June 30, 1901 359.06 miles.
Sidings (owned. 82.48 in. ; leased, 2 m.), 84.48 miles. Gauge, 4 ft. 8i in. Rail — ir.>n
60; steel (owned, 418.94 m. ; leased, 20.60 in.), 56 to 80 Ibs.
Railroad Map of Massachusetts, Rhode Island and Connecticut
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 179S
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2xD VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
Longitude
MASSACHUSETTS, EHODE ISLAND AND CONNECTICUT.
\Voo3s Hole
.V A -V T. U C K E T
Cottage City SOUSD
Railroad Map of Massachusetts, Rhode Island and Connecticut.
POOR'S MANUAL — RUTLAND RR. CO. 33
2. History.— Reorganization, in July, 1867, of the Rutland and Burlington RR. Co. (See
MANUAL for 1898, page 24.) The Rutland-Canadian RR. Co. was absorbed in Jan., 1901 ;
the Bennington and Rutland Ry. Co. on July 30, 1901, and the Ogdensburg and Lake Cham-
plain Ry. Co. on Sept. 27, 1901. The Rutland RR. Co. owned all of their capital stocks.
(See MANUAL for 1901, pages 33-35.) Although the absorption of the Bennington and Rutland
Ry. Co. and of the Ogdensburg and Lake Champlain Ry. Co. was not completed until after
June 30, 1901, the general balance sheet of that date shows the financial condition of the
consolidated company, the stocks'of the companies named having been cancelled and Rutland
preferred stock issued in place thereof, and their assets and liabilities having been assumed
by the Rutland RR. Co.
On Dec. 21, 1901, the company absorbed the Chatham and Lebanon Valley RR. Co. (see
MANUAL for 1901, page 173), having acquired the entire capital stock thereof. The road thus
absorbed extends from Chatham, N. Y., to Bennington, Vt., 57.01 miles, and in connection
with the Bennington Branch forms a through line from Rutland, Vt. to Chatham, N. Y., a
distance of 114.02 miles. Total length of lines owned and leased by the Rutland RR. Co. on
Jan. 1, 1902, 416.07 miles.
The Rutland RR. Co. operates under lease the Addison RR. and the Rutland and Noyan
Ry., and controls the Rutland Transit Co. through ownership of its entire capital stock. The
Rutland RR. Co. also owns the entire capital stock of the Rutland and Noyan Ry. Co. and 87
p. c. of the capital stock of the Addison RR. Co. (See separate statements for the com-
panies named, in Sec. 15.)
3. Financial Changes. — During the year ending June 30, 1901, the pieferred stock was
increased from $4,239,100 to $8,557,300, and the common stock was reduced from $2,493,400
to $211,400. Preferred stock was issued in exchange for the $2,282,000 common stock retired,
and in exchange for the $2,900,000 common stock of the Ogdensburg and Lake Champlain
Ry. Co., at the rate of one share for ten shares; in exchange for $1,500,000 capital stock of
the Rutland-Canadian Ry. Co., at the rate of thirteen shares for fifteen shares; and in ex-
change for $1,000,000 capital stock of the Bennington and Rutland RR. Co. and $1,500,000
preferred stock of the Ogdensburg and Lake Charaplain Ry. Co., at the rate of share for
share. Of the $8,557,300 of preferred stock as of June 30, 1901, 42,391 shares, amounting at
par to $4,239,100, were outstanding and 37,900 shares, of the par value of $3,790,000, were
in the treasury of the company. These treasury shares, together with an additional issue of
5,000 shares of the same class, the lot having a par value of $4,290,000, were sold between
June 30, 1901, and Jan. 1, 1902, and between the same dates $300 of preferred stock was
issued in exchange for $3,000 of common stock retired. In consequence of these changes the
preferred stock outstanding on Jan. 1, 1902, amounted to $9,057,600 and the common stock
to $208,400. The sale of preferred stock was made for the purpose of retiring the floating
debt and to provide for betterments and extensions to the railroad.
In the consolidations referred to under "History" (Sec. 2) the company assumed $1,-
350,000 1st mtge. 4 p. c. bonds of the Rutland-Canadian Ry. Co., $500,000 1st mtge. 4| p. c.
bonds and $500,000 2d mtge. 5 p. c. bonds of the Bennington and Rutland RR. Co., $4,400,-
000 1st mtge. 4 p. c. bonds of the Ogdensburg and Lake Champlain Ry. Co. and $500,000 1st
mtge. 4 p. c. bonds of the Chatham and Lebanon Valley RR. Co. Full particulars respecting
these several issues of bonds will be found under "Funded Debt" (Sec. 10).
4. Rolling Stock, June 30, 1901. — Locomotives, 69. Cars — passenger, 45 ; combination,
14; baggage, mail, and express, 19; milk, 2; freight (box, 2,025; flat, 297; stock, 52;
refrigerator, 35; coal, 296), 2,705; service, 57 — total, 2,842. (See references to equipment
trusts in Sees. 12 and 12a.)
5. General Income Account, year ending June 30, 1901.
Earnings— Passenger $625,845 78
Freight 1,149,846 62
Mail and Express 83,791 86
Miscellaneous 2,751 88
Total ($5,558.91 per mile) $1,862,236 14
3
Expenses— Maintenance WayandStructurea $212,452 63
Maintenance of Equipment 174,891 13
Conducting Transportation 767,936 15
General Expenses 53,147 72
Total ($3,607.22 per mile) $1,208,427 63
84
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
Net earnings (85.11 p. c.), $653,808.51 ; other receipts (rents), $20,810.49— total, $674,-
619.00. Payments : Interest, $390,782.89 ; taxes, $67,467.11 ; rent of Addison BR., $15,000 ;
preferred dividends (4 p. c.), $169,564— total, $642,814. Surplus, $31,805.
6. The gross earnings of the Rutland Transit Co. during the season of 1900 amounted to
$377,534.53. The operating expenses for the same period were $329,915.92, including
$30,044.64 for extraordinary repairs to the boats. Net earnings, $47,618.61. The property
is covered by $646,000 of 5 p. c. 1st mtge. bonds, all of which are held by the Rutland RR.
Co. The annual interest charge on the bonds amounts to $32,300.
7. Statement of operations and income for two years ending June 30 :
1900
1901
1900
1901
Miles Operated ^average)
315.01
737,962
787,785
29,160
335.00
806,682
603,510
19,510
Net Earnings
$
713,232
104,493
$
653,809
20,810
Passenger Train Mileage
Other Receipts
Net Income .
Mixed Train Mileage
817,725
70,392
15,000
884,500
(2) 84,782
674,619
67,467
15,000
390,783
(4) 169,564
Total Rev. Train Mileage ....
Passengers Carried
1,554,907
923,847
24,626,009
1,779,897
120,969,703
625,965
1,119,992
91,197
1,629,702
907,852
26,766,898
1,572,050
136,661,403
$
625,846
• 1,149,847
86,543
Rentals
Interest
Dividends . .
Totals
Freight (tons) Moved
554,674
263,051
6,181 15
3,782 47
2,398 68
61.18 p.C.
3.54c.
0.93c.
642,814
31,805
5,558 91
3,607 22
1,951 69
64.89 p.C.
2.38C.
0.84c.
Balance, Surplus
Freight (ton) Miles
Gross Earnings per Mile
Earnings — Passenger
Operating Exp. per Mile
Freight
Net Earnings per Mile
Other
Expenses to Earnings
Gross Earnings
Aver. Rate per Pass, per Mile.
Aver Rate per Ton per Mile. . .
1,837,155
1,123,923
1,862,236
1,208,427
Operating Expenses
Net Earnings
713,23?
653,809
8. General Balance Sheet, June 30, 1901.
Construction
Equipment 1,584,86600
Stocks and Bonds Owned (see Sec. 14).. 3,729,322 37
Materials and Supplies 137,026 93
Current Accounts 207,807 93
Cash on Hand and in Banks 168.881 32
Total Assets $22,827,199 33
Common Stock ($100 shares) $211,40000
Preferred Stock ($100 shares) 8,557,30000
Funded Debt Outstanding (see Sec. 10). 10,250,000 00
Equipment Bonds 445,000 00
Notes Payable 1,547,221 49
Current Liabilities 399,66972
Improvement Fund 450,000 00
Profit an'd Loss 966,608 12
Total Liabilities $22,827,199 33
9. Capital Stock. — The common stock is being retired as fast as presented for conversion into
preferred stock, the basis of exchange being one share of preferred for ten shares of common. The pre-
ferred stock is entitled to cumulative dividends at the rate of 7 p. c. per annum. (See Section 3.)
10. Funded Debt.— The funded debt outstanding on June 30, 1901— total $10,250,000, as per gen-
eral balance sheet — consisted of the following:
$1,119,1OO Rutland RR. 1st 6s of Nov. 1, 1902,
Between June 30, 1901, and Jan. 1, 1902, the
amount outstanding was reduced to $1,059,100.
The bonds are secured on the line from Bellows
Falls to Burlington, Vt., 119.70 miles.
9OO Rutland RR. Zd mtge. 5 p. c. bonds due and
interest ceased on Aug. 1, 1898. On Jan. 1, 1902,
there were $800 of these bonds in the treasury of
the Rutland RR. Co., leaving only $100 out-
standing.
2,38O,OOO Rutland RR. consol. gold 4|s of July
1, 1941. The authorized amount is $3,500,000,
the unissued bonds being reserved for the retire-
ment of prior liens. On Jan. 1, 1902, the amount
outstanding was $2,440,000, the additional $60,-
000 having been issued in exchange for an equal
amount of 1st mtge. bonds. Secured on the
entire property owned by the company previ-
ous to the absorption of the Rutland-Canadian
Ry., but subject to the lien of the first mortgage.
1,35O,OOO Rutland-Canadian 1st gold 4s of July
1, 1949. Secured on the line from Burlington to
Rouse's Point and on the branch from Alburgh
to the Canadian Boundary, a total of 41 miles.
5OO,OOO Bennington and Rutland 1st gold 4Js of
Nov. 1, 1927. Secured on the line from Rutland
to Bennington, N. Y., 57.01 miles, and on the
branch from North Bennington to White Creek,
1.85 miles.
5OO,OOO Bennington and Rutland Zd gold 5s of
March 1, 1920. The bonds are subject to redemp-
tion at par on any interest day after 60 day's
notice. Secured on the same property as, but
subject in lien to, the first mortgage bonds of
1927.
4,4OO,OOO Ogdensburg and Lake Champlain 1st
gold 4s of July 1, 1948. The registered bond-
holders had the right to cast one vote for every
$100 of their bonds at all meetings of the Og-
densburg and Lake Champlain Ry. Co., but their
status under the consolidation is uncertain.
Secured on the line from Ogdensburg to Rouse's
Point and on branches to Point Airy and to
Chateaugay Pulp Mills, a total of 121 miles.
11. Chatham and Lebanon Valley Bonds. — In the consolidation with the Chatham and
Lebanon Valley RR. Co. (see " History "—Sec. 2) $500,000 1st mtge. 4 p. c. bonds of that company were
assumed by the Rutland RR. Co. The entire issue is in the treasury. The bonds are dated July 15, 1901,
and mature July 15, 1951. Interest is payable on the 15th of Jan. and 15th of July at the office of The
POOR'S MANUAL OF RAILROADS.
35
Standard Trust Co., of New York, N. Y., trustee of the mortgage. Principal and interest are payable in
gold, free of all taxes. The bonds are for $1,000 each, in coupon form, with privilege of registration as to
principal. They are guaranteed, both as to principal and interest, by the Rutland RR. Co., the guaranty
being endorsed on each bond. Secured by first mortgage on the line from Chatham, N. Y., to the Vermont
State Line, about 50 miles. Issued for the purpose of retiring $350,000 old 1st mtge. gold bonds, and to
meet the cost of completing and improving the road.
12. Equipment Bonds.— These are secured on 600 box cars and on 250 coal cars. They bear
interest at the rate of 4J p. c. per annum, and mature at the rate of $33,000 per annum.
12a. New Equipment Bonds.— Under date of April 1, 1902, the company issued $1,500,000 4J
p. c. equipment bonds, $100,000 of which are payable yearly. They are secured on 25 locomotives, 24
passenger coaches, 8 combination and 9 baggage cars, 1,305 freight cars (750 box, 300 flat, 100 coal, 100
coal and ballast, 40 stock and 15 refrigerator), 6 caboose cars, 3 Hangers and 1 wrecking derrick.
13. Guaranteed Bonds. — The company guarantees the $100,000 1st mtge. 4 p. c. gold bonds of
the Rutland and Noyan Ry. Co., both as to principal and interest.
14. Stocks and Bonds Owned.— The securities in the treasury of the company on June 30
1901, valued on the books at $3,729,322.37, consisted of the following: Rutland RR. preferred stock
$3,790,000; Addison RR. stock, $435,000; Rutland Transit stock, $1,000,000; Rutland and Noyan Ry. stock,'
$100,000; Rutland and Noyan Ry. 1st mtge. 4 p. c. bonds, $100,000; Rutland Transit 1st mtge. 5 p. c bonds'
$646,000; Rutland RR. 2d mtge. 5 p. c. bonds, $200— total par value, $6,071,200. After June 30, 1901, the
Rutland preferred stock was sold, the 2d mtge. 5 p. c. bonds in treasury were increased $600 and $500,000
of Chatham and Lebanon Valley RR. 1st mtge. 4 p. c. bonds were acquired.
15. SUBSIDIARY CORPORATIONS.
Addiaon RR.— Leicester June., Vt., to Ticon-
deroga, N. Y., 15.60 m. ; total track (steel; 60 Ibs.),
17.03 miles. Chartered in 1870; road opened Dec. 1,
1871. Leased to Rutland RR. Co. at a yearly rental
of 3 p. c. on the capital stock. Capital stock, $500.-
900, of which the lessee owns $435,000. Percival W.
Clement, Pres. ; H. G. Smith, Sec. & Treas., Rutland,
Vt. Office, Rutland, Vt.
Rutland and Noyan Ry.— Noyan Junction,
Que., to Vermont State Line, 3.44 miles. Rail
(steel), 80 Ibs. Chartered Feb. 9. 1900. Leased to
the Rutland RR. Co.. Feb. 15, 1901. Capital stock,
$100,000; funded debt (1st gold 4s of Jan. 1, 1951,
Int. J. & J.), $100.000— total, $200,000. The Rut-
land RR. Co. owns both the stock and the bonds.
The bonds are guaranteed, both as to principal and
Interest, by the Rutland RR. Co. Frederick H.
Button. Pres.; Henry G. Smith, Sec. & Treas., Rut-
land, Vt. Office, Rutland, Vt.
Rutland Transit Co.— Reorganization In 1899
of the Ogdensburg Transit Co. (See Manual for 1900,
page 1119.) The company owns 8 steamships oper-
ating between Ogdensburg and the western ports on
the Great Lakes, and owns wharf and warehouse
property In Chicago, located on the Chicago River,
and in Ogdensburg, N. Y. Owned and operated by
the Rutland RR. Co., and no separate accounts
published. Capital stock $1,000.000; funded debt
(1st gold 5s of Jan. 1, 1920. int. J. & J.), $646,000 —
total, $1,646.000. The Rutland RR. Co. owns both
the stock and the bonds. The authorized Issue of
the latter Is $1,000,000. Interest Is payable at the
National Shawmut Bank, Boston. Mass. Percival
W. Clement, Pres.; Henry G. Smith, Sec., Rutland,
Vt. ; B. J. Laneto, Treas., Ogdensburg. N. Y.
Office, Rutland, Vt.
16. Board of Directors, Rutland RR. Co., as constituted February 1, 1902.
W. SEWABD WEBB, Chairman of Board. Shelburne, Vt.
George Bird New York, N. Y.
C. M. Depew " " "
S. R. Callaway.... " " "
PERCIVAL W. CLEMENT, President Rutland, Vt.
Henry G. Smith, Vice- President & Secretary " "
Treasurer— Clarence Morgan New York, N. Y. | Cashier— O. P. Harrison Rutland, Vt.
PRINCIPAL OFFICE AND ADDRESS Rutland, Vt.
5V. Seward Webb. . . .Shelburne, Vt.
Percival W. Clement.... Rutland. Vt.
Seorge H. Ball Boston, Mass.
John W. Stewart. . .Middlebury. Vt.
Edsjar Harding Boston. Mass.
E. V. W. Rossiter..New York, N. Y.
ST. JOHNSBTJRY AND LAKE CHAMPLAIN RAILROAD COMPANY.
Main Line of Koad.— Lunenberg, Vt., to Maquam Bay, Vt 120.00 m.
Victory Branch: North Concord, Vt., to East Haven, Vt 11.50 m.— 131.50 miles.
Mings, etc., 22.90 miles. Gauge, 4 ft. 8£ in. Rail (steel, 149.67 m.), 65 to 75 Ibs.
History. — Reorganization, Jan. 31, 1880, of the Vermont Division of the Portland and
)gdensburg RR. Co. (see MANUAL for 1891, page 489).
Rolling Stock, June 30, 1901. — Locomotives, 5. Cars — passenger, 3 ; baggage, etc., 1;
'reiglit (box, 105; flat, 52; stock, 4), 161; service, 14— total, 179.
Operations, year ending June 30, 1901. — Train mileage — passenger, 137,849; freight,
67,118; mixed, 49,566; other, 117,110— total, 471,643 miles. Passengers carried, 154,782;
:arried one mile, 2,931,953; average mile rate, 2.627 cents. Tons freight moved, 335,927;
noved one mile, 18,692,443; average ton-mile rate, 1.114 cents.
Earnings — Passenger $77,025 16
Freight 208,180 48
Mail and Express 16,725 58
Miscellaneous 3,612 81
Total ($2,323.50 per mile) $305,544
Expenses— Maintenance Way and Structures $101,796 94
Maintenance of Equipment 12,280 95
Maintenance Way and Buildings. 174,680 70
General 9,460 60
Total ($2,267.83 per mile) $298,219 19
86
POOR'S MANUAL OF RAILROADS— NEW ENGLAND GROUP.
Net earnings, $7,324.84; other income, $3,701.12— total, $11,025.96. Charges: Interest
on bonds (5 p. c. on $1,328,000 guaranteed by Boston and Maine RR.), $66,400; other in-
terest, $14,388.59; taxes, $8,621.63— total, $89,360.22. Deficit for year, $78,334.26; deficit
forward, $1,304,965.06— total, $1,383,299.32.
Statement of income, etc., for eight fiscal years ending June 30:
RR.
Pass.
Freight
Other
Total
Operat-
Net
T
Gross
Gross
Net Exp. to
Years. Oper-
Earn-
Earn-
Earn-
Earn-
ing Ex-
Earn-
.interest
Earn's
Exp.
Earn'gs
Earn-
ated.
ings.
ings.
ings.
ings.
penses.
ings.
(Charges.
p. Mile.
p. Mile.
p. Mile.
ings.
Miles.
$
$
$
i
$
$
$
S
$
p. c.
1894.. .131.50
77,018
248,167
15,938
341,123
349,914
d. 8,791
47,500
2,59409
95
d. 6686
102.58
1895.. .131.50
69,214
270,412
16,563
356,189
343,040
13,149
66,400
2,708 66
2,'608 67
9848
90.31
1896.. .131.50
74,439
269,828
13,457
357,724
367,525
d. 9,801
66,400
2,720 31
2,794 96
d. 7465
102.74
1897.. .131.50
66.536
269,946
17,163
353,645
389,987
d. 36,342
66,400
2,689 32
2,965 68
d.276 36
110.27
1898.. .131.50
68,742
280,039
17,829
366,610
391,993
d. 25.383
66.400
2,787 91
2,980 93
d.193 02
106.92
1899.. .131.50
71,674
287,414
17,853
376,940
376,717
223
66,400
2,866 47
2,86477
170
99.94
1900.. .131.50
76,978
236,557
17,856
331,211
302,758
28,453
66,400
2,519 48
2,30234
21714
91.41
1901.. .131.50
77,025
208,180
20,338
305,544
298,219
7,325
66,400
2,32350
2,267 83
5567
97.28
General Balance Sheet, June 30, 1901.
Cost of Road $4,649,999 88
Cost of Rolling Stock 151,567 53
Common Stock Held for Old Bonds 242,950 00
Steamboat and Dock Property 29,623 96
Land at Maquam Bay 81,600 24
Materials and Fuel on Hand 75,015 26
Cash and Current Assets 58,213 29
Profit and Loss 1,383,299 32
Total Assets $6,672,269 48
Common Stock ($50 shares) $2,550,000 00
Preferred Stock ($50 shares) 1,298,500 00
Funded Debt Outstanding 2,500,000 00
Current Liabilities 297,936 15
Accrued Interest 22,13333
Accrued Taxes 3,700 00
Total Liabilities $6,672,269 48
Capital Stock. — The amount of common stock shown in the general balance sheet includes
$242,950 reserved to meet bonds of the old company, which have not been presented under the plan of
reorganization of 1880, the amount actually outstanding being $2,307,050. The entire amount of the pre-
ferred stock is outstanding. The Boston and Lowell Railroad Corporation owns $1,564,650 of the common
stock and $362,650 of the preferred stock, being a majority of the capital stock. The Boston and Maine
Railroad owns $24,000 of the common stock and $16,450 of the preferred stock; and there are in the hands
of the public, $718,400 of the common stock and $919,400 of the preferred stock. Preferred stock has
priority over common stock for dividends at the rate of 6 p. c. per annum, non-cumulative.
Funded Debt.— This consists of 1st mtge. 5 p. c. 50-yr. $1,000 gold coupon bonds, due March 1,
1944, interest March and Sept., at the company's office, Boston, Mass. The Boston and Lowell Railroad
Corporation owns $740,000 and the Boston and Maine Railroad $432,000 of these bonds; the remaining
$1,328,000 are held by the public and are guaranteed, both as to principal and interest, by the Boston and
Maine Railroad. No charge is made in the accounts for interest accrued on the bonds held in the treasury
of the B. & M. RR. ($1,172,000 as above), but the overdue coupons are a lien against the property.
.Directors (elected Sept. 12, 1901).— C. S. Page, Hyde Park, Vt. ; Harry Blodgett,
Charles H. Stevens, H. N. Turner, St. Johnsbury, Vt.; H. E. Folsom, Lyndonville, Vt. ;
George W. Hendee, Morrisville, Vt. ; S. C. Lawrence, Medford, Mass.; Henry R. Reed,
Lucius Tuttle, Boston, Mass.
H. E. FOLSOM, President Lyndonville, Vt.
H. N. Turner, Vice- President " "
Sec. & Treas.— George W. Cree — St. Johnsbury, Vt. | Gen. Auditor— Wm. J. Hobbs Boston, Mass.
PRINCIPAL OFFICE AND ADDRESS Boston, Mass.
BARRE RR.— Tilden Bridge to Ayer St., in Barre, Vt., 2 m. (leased to Montpelier and Wells River
RR. Co.) ; Ayer St., Barre, Vt., to Mill Stone Hill and sundry spurs to granite quarries, 25 m.— total, 27 miles.
Gauge, 4 ft. 8* in. Rail (steel), 56 and 60 Ibs. Organized in Vermont, April 9, 1888 ; road opened in 1889. Loco-
motives, 3. Cars— passenger, 4 ; baggage, 2 ; freight, 65— total, 71.
Operations, year ending June 30, 1901.— Trains run (passenger, 113 ; freight, 10,612 ; other, 521), 11,246
miles. Passengers carried. 321 ; carried one mile, 1,525. Tons freight moved, 106,112; ton-miles, 583,616.
Earnings (passenger, $76 ; freight, $50,648 ; other, §4,621), $55,345. Operating expenses, §24,649. Net earnings,
$30,6967 Payments : Interest, $10,255 ; taxes, §1,362— total, $11,617. Surplus, $19,078 ; surplus forward, $87,269
—total, $106,347.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($80,000 auth. ; $100 shares'), $75,340;
loans and bills payable, §181,975 ; profit and loss, $106, 347— total, $363,662. Contra : Cost of road and equipment,
§329,936 ; real estate, $16,275 ; materials, etc., $3,874 ; cash nnd current assets, $13,576— total, $363.662.
Directors.— A. D. Morse (Chairman^, E. L. Smith, John Trow, Barre, Vt. ; W. A. Stowell, F. W.
Stanyan, Montpelier, Vt. OFFICERS : A. D. MORSE, Pres. ; W. A. Stowell, Vice-Pres. & Gen. Mgr., Montpelier,
Vt. ; F. W. Sianyan, Clerk, Treas. & Gen. Supt., Montpelier, Vt. GENERAL OFFICE, Barre, Vt.
BOSTON, REVERE BEACH AND LYNN RR.— East Boston to Lynn. Mass., 8.8 m. ; East
Boston to Winthrop, Mass., 4.4 m.— total, 13.2 in. ; total track (steel ; 50 and 60 Ibs.), 26.80 miles. Gauge, 3 ft.
Consolidation, July 1, 1891, of the Boston, Revere Beach and Lynn RR. and the Boston, Winthrop and Shore RR.
POOR'S MANUAL OF EAILROADS. 37
Connection is made with Boston by ferry. Locomotives, 12. Cars— passenger, 49; baggage, etc., 10 ; service,
18— total, 77. Ferryboats, 3.
Operations, year ending June 30, 1901.— Trains run (passenger, 479,375 ; other, 2,445), 481,820 miles. Pas-
sengers carried, 6,490,805 ; earned one mile, 38,044,529. Earnings (passenger, $394,082 ; other, $13,813), §407,395.
Operating expenses, $334,311. Net earnings, $7'3,085. Payments: Interest on bonds, $39,695; other interest,
$5,982 ; taxes, $10,408 ; dividends (2 p. c.), $17,000— total, $73,085.
General Balance Sheet, June 30, 1901 .—Capital stock paid in ($1,125,000 auth. ; $100 shares), $850,000 ;
funded debt, $850,000 ; current liabilities, $195,279 ; dividend due July 1, 1901, $8,500 ; injury fund, $10,000 ;
profit and loss. $57,791,— total, $1,971,570. Contra: Cost of road and equipment, $1,703,912; real estate,
$85,087; ferryboats, $131,000 ; materials, etc., $23,875 ; cash and current assets, $27,695— total, $1,971,570.
Funded Debt.— The funded debt outstanding on June 30, 1901 (total, $850,000) consisted of $561,000
($1,000,000 auth.) Ist4}sof July 15, 1927, int. J. & J. ; and $289,000 1st (B., W. & Sh.) 5s of Sept. 1, 1906, int.
M. &S.
Directors (elected Nov. 14, 1901).— Melvin O. Adams, Henry R. Reed, William 8. Spaulding, Boston,
Mass. ; H. F. Hurlburt, Lynn, Mass. ; B. B. Stoddard, Worcester, Mass. ; John A. Fenno, Newton, Mass.
OFFICERS : MELVIN O. ADAMS, Pres. ; John A. Fenno, Treas. & Supt., Boston, Mass. GENERAL OFFICE,
Boston, Mass.
BRIDGTON AND SAGO RIVER RR.— Harrison to Bridgton June., Me., 21.25 m. ; total track
(steel ; 30 and 35 IDS.), 22.75 miles. Gaus*u, 2 ft. Organized July 19, 1881 ; road opened to Bridgton, 16 m., Jan.
29, 1883 ; extension to Harrison opened Aug. 3, 1898. Locomotives, 4. Cars— passenger, 2 ; baggage, etc., 3 ;
freight (box, 18 ; flat, 23), 41— total, 46.
Operations, year ending June 30, 1901.— Trains run (mixed, 41,760 ; other, 5,420), 47,180 miles. Passtngers
carried. 19,80!) ; carried one mile, 252,991. Tons freight moved, 23,112 ; ton-miles, 359,663. Earnings (passenger,
$12,373 : freight, $22,135 ; other, $5,153), $39,661. Operating expenses, $28,753. Net earnings, $10,908. Pay-
ments : Interest on bonds, $5,632 ; other interest, $548 ; taxes, §205 ; dividends (4 p. c.), $4,090— total, $10,535.
Surplus, $373 ; surplus forward, $8,061— total, $8,434.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($110,000 auth. ; $50 shares), $102,250 ;
funded debt, $134.700 ; current liabilities, $15,0(10 ; interest accrued, $904 ; other liabilities, $3,070; profit and
loss, $8,394— total, $264,318. Contra: Cost of road and equipment, $257,127; materials, etc., $1,332; cash,
$4,858 ; current accounts. $1,000— total, $264,318.
Funded Debt.— The funded debt outstanding on June 30, 1901 (total, $134,700), consisted of $10,200 1st
6s of Sept. 1, 1902. int. M. & S. ; $2,000 2d 6s of March 1, 1904. int. M. & S. ; and $122,500 consol. gold 4s of June
1, 1928, int. J. & D.
Directors (elected Nov. 20, 1901).— Wm. F. Perry, A. H. Burnham, Samuel S. Fuller, J. A. Bennett,
Bridgton, Me. ; Almon Young, Hiram, Me. OFFICERS : WILLIAM F. PERRY, Pres. ; P. P. Burnham, Treas. ;
J. A. Bennett, Sec. & Gen. Myr., Bridgton, Me. GENERAL OFFICE, Bridgton, Me.
BRISTOL RR.— Bristol to New Haven June., Vt., 6 m.; total track (steel ; 56 and 60 Ibs.), 6.59 miles.
Gauge, 4 ft. 8i in. Chartered, 1882 ; opened Jan. 5, 1892. Locomotive, 1. Cars— combination, 1 ; box, 1— total, 2.
Operations, year ending June 30, 1901.— Earnings (passenger, $6,604 ; freight, $7,305 ; other, $33), $13,9-12.
Operating expenses, $9,094. Net earnings, $5,305. Payments : Interest on bonds, $4,000 ; other charges, $537—
total, $4,537. Surplus, $768 ; surplus forward, $5,004— total, $5,772.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100 shares), $100,000 ; funded debt (1st
4s of July 1, 1921), $100,000; current liabilities, $2,704 ; profit and loss, $5,772— total, $210,477. Contra : Cost of
road and equipment, $201,248; cash and current assets, $!t,295— total, $216,316.
Directors.— P. W. Clement. H. G. Smith, W. S. Jones, Rutland, Vt. ; E. B. Patterson, Ralph Denio, Bristol,
Vt. ; W. N. Gove, Lincoln, Vt. ; Waldo P. Clement, New York, N. Y. OFFICERS: P. W. CLEMENT, Pres., Rut-
land, Vt. ; Ralph Denio, Treas. & Supt., Bristol, Vt. GENERAL OFFICE, Bristol, Vt.
CAPE ANN GRANITE RR.— Gloucester to Pigeon Cove Harbor, Rockport, Mass., 1.44 m. • total
track (steel ; 60 Ibs.), 2.22 miles. Gauge, 4 ft. 8i in. Chartered Sept. 20, 1894 ; road opened July 1, 1895. Owned
by the Cape Ann Granite Co., and operated as a branch of that, company's business. Locomotive, 1. Cars (flat), 15.
Operations, year ending June 30, 1901.— Trains run (freight), 2,659 miles. Tons freight moved, 44,332 ;
ton-miles, 03.061. Earnings (freight), $9,531. Operating expenses, $7,169. Net earnings, $2,362. Payments:
Interest on debt, $1,973; taxes, $323-total, $2,2%. Surplus, $66 ; surplus forward, $783— total, $849.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $20,000 ; loans and notes payable,
$12,882 ; current liabilities, $1,862 : profit and loss, $849— total, $35,593. Contra : Cost of road and equipment,
$32,881 ; cash and current assets. $2,712— total, $35,593.
Directors.— Jonas H. French, Gloucester, Mass.; William H. Pearson, Boston, Mass.; Edward O. Merrill,
Maiden, Mass. OFFICERS : JONAS H. FRENCH, Pres., Treas. & Gen. Mgr., Boston, Mass. ; Winfred T. Ritcey,
Sec., Winchester, Mass. GENERAL OFFICE, 40 Water St., Boston, Mass.
CLARENDON AND PITTSFORD RR.— Pittsford to West Rutland, Vt., 10 m. ; Pittsford and
Rutland RR. (leased), 1.78 m. ; total track (steel ; 60 and 70 Ibs.), 13.28 miles. Gauge, 4 ft. 8£ in. Incorp. Sept.
10, 1885 ; road opened July, 1886. Locomotives, 3. Care— combination, 1 ; freight (flat), 124— total, 125.
Operations, year ending June 30, 1901.— Tons freight moved, 98,586 ; ton-miles, 443,637. Earnings (pas-
senger, $10 ; freight, $42,743), $42,753. Operating expenses, $28,956. Net earnings, $13,797. Payments : Interest
on debt, $856 ; taxes, $1,139 ; dividends, $14,400— total, $16,395. Deficit, $2,598 ; surplus forward, $46,151 ; net
surplus, $43,553.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $120,000 ; current liabilities, $32,123 ;
profit and loss, $43,553— total, $195,676. Contra : Cost of road and equipment, $1B1,458 ; cash and current assets,
$14,218— total, $195,676.
PITTSFORD AND RUTLAND RR.— Centre
Rutland to Rutland, Vt., 1.78 m.; total track (steel;
72 Ibs.), 2.30 miles. Organized May 26, 1.890. Built
In 1890 to connect the Bennlngton and Rutland and
Clarendon and Pittsfleld RRs. Leased July 2, 1890,
to the C. & P. Ry. Co. Capital stock, $30,000.
Edmund R. Morse, Pres., Proctor, Vt.; Edw. D.
Bennett, Vice-Pres., Bennington, Vt. ; H. A. Harman,
Sec. & Treas., Rutland, Vt. Corporate Office, Rut-
land, Vt.
Directors (C. & P. RR. Co.).— F. D. Proctor, F. C. Partridge, Redfleld Proctor, W. R.xPage, S. A. Howard,
E. R. Morse, Proctor, Vt. ; C. J. Smith, Boston, Mass. OFFICERS : FLETCHER D. PROCTOR, Pres. ; Redfleld
Proctor, Vice-Pres. ; E. R. Morse, Treas. ; F. C. Partridge, Sec. <& Gen. Counsel, Ppoctor, Vt. ; Geo. C. Robin-
son, Gen. Supt., West Rutland, Vt. GENERAL OFFICE, Proctor, Vt.
FRANKLIN AND MEGANTIO RY.— Strong to Kingfleld, Ms., 15 m. ; Mt. Abram June, to Mt.
Abram, Me., 1.7 m. • Kingfleld and Dead River RR. (»ee appended statement), 16 m.— total, 32.7 miles. Rail
—Iron, 40 Ibs. ; steel, (31 miles), 83 and 35 Ibs. Gaug«, 3 ft. Organized June 8, 1897, by the 1st mtge. bondholders
of the F. & M. RR. Co., and took possession of the property on Aug. 16, 1897. (See MANUAL for 1898, page 20.)
Locomotives, 2. Cars -combination, 1 ; baggage, etc., 1 ; freight (box, 7 ; flat, 41), 48— total cars, 50.
Operations, year ending June 30, 1901 (31 m.).— Trains run (passenger, 32,466 ; freight, 11,408 ; mixed,
38
POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
16,446 ; other, 3,974), 64,354 miles. Passengers carried, 12,684 ; carried one mile, 198,894. Tons freight moved,
552,081 ; ton-miles, 755,070. Earnings (passenger, $7,553; freight, $21,289; other, $2.505), $31,347. Operating
expenses, $33,138. Deficit from operation, $1,791 ; miscellaneous receipts, $41 ; net deficit. §1,747. Payments :
Interest on bonds, $300; other interest, $763 ; rentals, $1,000; taxes, $179— total, §2,242. Deficit, $3,989 ; deficit
forward, $6,783 —total, $10,772.
General Balance Sheet, June 30, 1901.— Capital stock, §87,500 ; funded debt (1st mtge. 5s of April 1,
1911, int. A. £ O. ; $50.000 auth.), $24,000 ; current liabilities, $2,073 ; interest accrued, $700— total $114,273.
Contra : Cost of road and equipment, $96,004 ; materials, etc., $639 ; cash and current assets, $6,858 ; profit and
loss, $10,772— total, $114,273.
under foreclosure on Aug. 2, 1898. and purchased
by Josiah S. Maxcy. Operated by the Franklhi and
Megantic Ry. Co. (See Manual for 1808, page 20.)
KINGFIELD AND DEAD RIVER RR.— King-
field to Bigelow, Me., 16 miles. Rail (steel), 35
Ibs. Chartered June 19. 1893; road opened Aug. 1,
1804. Extended to Bigelow, 6 m., In 1899. Sold
Directors (P. & M. Ry. Co.).— Josiah S. Maxcy (Chairman), Philip H. Winslow, Geo. A. Farrington,
Gardiner, Me. ; OFFICERS : JOSIAH S. MAXCY, Pres. ; Geo. A. Farrington, Treat. ; P. H. Winslow, And.,
Gardiner, Me. ; L. C. Cornish, Sec., Augusta, Me. GENERAL OFFICE, Gardiner, Me.
GEORGE'S VALLEY RR.— Warren to Union, Me., 8 m. ; branch to Lime Kiln, 05 m.— total, 8.5
miles. Gauge, 4 f r, 8i in. Kail (steel), 56 Ibs. Organized Aug. 10, 1889 ; road opened in Dec., 1893. Locomotive,
1. Cars— combination, 1 ; freight (flat, 3 ; box, 2), 5— total, 6.
Operations, year ending June 30, 1901.— Earnings (passenger, $1,884; freight, $11,260; other, $886),
$14,030. Operating expenses, $10,118. Net earnings, $3,912. Payments: Interest on bonds, $3,000 ; other in-
terest, $176; taxes, $76— total, $3,252. Surplus, $660 ; surplus forward, $2,327— total, $2,987.
General Balance Sheet, June 30, 1901 — Capital stock paid in ($100 shares), $100,000 ; funded debt
(1st 6s of 1913, int. J. & J.), $50,0!):) ; current liabilities, $1,288— totaL, $151,288. Contra : Cost of road and equip-
ment, $85,154; materials, etc., $250; cash and current assets, $660; profit and loss, $2,987— total, $89,052.
Directors.— James Mitchell, West Newton, Mass.; Wm. W. Case, Wm. T. Cobb, A. F. Crockett, S. M. Bird,
A. L. Jones, I. C. Thurston, Rockland, Me. OFFICERS : JAMES MITCHELL, Pres. <& Gen. Mgr. ; W. S. Mitchell,
Sec. <& Treas., Union, Me. GENERAL OFFICE, Union, Me.
GRAFTON AND UPTON RR.— North Grafton to Milford, Mass., 16.50 m.; total track (50-lb. steel
rail), 20.25 mik-s. Gauge, 4 ft. 8} in. Successor, Feb., 1888, to the Grafton Centre RR. Co. Extension to Milford
opened May 17, 1890. (See MANUAL for 1891, page 223.) Locomotives, 4. Cars— passenger, 4 ; baggage, etc., 2 ;
freight (flat), 1— total, 7.
Operations, year ending June 30, 1901.— Trains run (passenger, 38,847; freight, 17,550; mixed, 1,565;
other, 10,230), 68,192 miles. Passengers carried, 61,582 ; carried one mile, 615,820. Tons freight moved, 91,005 ;
ton-miles, 819,045. Earnings (passenger, $17,878 ; freight, $40,318; other, $4,381), $62,577. Operating expenses,
$52,820. Net earnings, $9,757; other receipts. $384— total. $10,141. Payments: Interest on bonds, $10,900;
taxes. $521— total, $11,421. Deficit, $1,280 ; surplus forward, $13,716 ; net surplus, $12.436.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $250,000; funded debt, $268,000 ;
profit and loss, $12,436— total, $530,436. Contra : Cost of road and equipment, $518,000 ; cash, $12,436— total,
$530,436.
Funded Debt.— The funded debt outstanding on June 30, 1901 (total, §268,000), consisted of $250,000 1st
gold 4s of Nov. 1, 1912, int. M. &N. ; and $18,000 ($50,000 auth.) 2d 5s of July 1, 1913, int. J. &J.
Directors (elected Nov. 4, 1901).— George A. Draper, Eben D. Bancroft, Frank J. Dutcher, Hopedale, Mass. ;
George W. Knowlton, West Upton, Mass. ; Edward P. Usher, Grufton, Mass. OFFICERS : EDWARD P. USHER, Pre».,
Treas. & Sec., Grafton, Mass.; George A. Draper, Vice- Pres., Hopedale, Mass. GENERAL OFFICE, Grafton, Mass.
HARDWICK AND WOODBURY RR.— Buffalo Road to Woodbury Quarry, Vt.. 7 m.; Holton
Summit to Fletcher Quarries, Vt., 0.75 m.— total, 7.75 m.; total track (steel ; 56 Ibs.). 9.50 miles. Gauge, 4ft. 8| in.
Chartered March 16, 1895 ; road opened in July, 1896. The company leases 1.75 miles of the St. Johnsbury and
Lake Champlain RR., from Granite Junction to Buffalo Road, making the total length of line operated, 9.5 miles.
Locomotives, 2. Cars (flat), 2.
Operations, year ending June 30, 1901.— Trains run (mixed, 5,358 ; other, 1,925). 7,283 miles. Passengers
carried, 374 ; carried one mile, 0,536. Tons freight moved, 27,754 ; ton-miles, 223,663. Earnings (passenger, $91 ;
freight, $11,020), $11,111. Operating expenses, $9,554. Net earnings, $1,558. Payments: Interest on debt, $878 ;
taxes. 8268— total, $1,146. Surplus, $412 : deficit forward, $1,659 ; net deficit, $1,247.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($50.000 auth.; $25 shares), $48,675 ; bills
payable, $16.000; current liabilities, $1,183— total, $65,858. Contra : Cost, of road and equipment, $63,518 ; ma-
terials, etc., $450; cash on hand, $043 ; profit and loss, $1,247— total, $65.858.
Directors (elected Aug. 12, 1901).— W. H. Fullerton, Manchester, Vt.; E. H. Blossom, St. Johnsbury, Vt.;
Geo. M. Powers, Morrisville, Vt.; Chas. W. Leonard, Boston, Mass.; John S. Holden, Bennington, Vt.; A. S.
Richardson, St. Albans, Vt.; E. R. Fletcher, Hardwick, Vt. OFFICERS : JOHN S. HOLDEN, Pres., Bennington,
Vt.; Geo. M. Powers, Vice-Pre*., Morrisville, Vt.; Geo. H. Bickford, Treas.; J. V. Dutton, Sec., Hardwick,
Vt.: E. H. Blossom, Gen. Mgr., St. Johnsbury, Vt. GENERAL OFFICE, St. Johnsbury, Vt.
HOOSAC TUNNEL AND WILMINGTON RR.-Hoosac Tunnel, Mass., to Wilmington, Vt.,
25 m.; total track (steel; 30, 56, and 60 Ibs.), 28 miles. Gauge, 3 ft. Consolidation, Jan. 1, 1892, of the Hoosac
Tunnel and Wilmington RR. Co. and the Deerfield Valley RR. Co. (See MANUAL for 1892, page 269.) Locomo-
tives, 6. Cars—passenger, 8 : freight (box, 50 ; coal, 14 ; flat, 53 ; refrigerator. 1), 118 : service. 37— total. 163.
Operations, year ending June 30, 1901.— Trains run (passenger, 19.227: freight, 8.638; mixed, 10.'.»16).
38,811 miles. Passengers carried, 25,769 ; carried one mile, 316,698. Tons freight moved, 46,096 ; ton-miles. 774,462.
Earnings (passenger, $10,676 ; freight, $47,485 ; other, $2,751), $60,912. Operating expenses, $39,010. Net earning,
$21,902; other receipts, $769— total, $22,671. Payments: Interest on bonds, $12,500; taxes, $674; dividends
(2 p. c.), $5,000-total, $18.174. Surplus, $4,497; surplus forward, $7,520— total, $12.017.
Operations, etc., for eight fiscal years ending June 30 :
Years.
Earn-
ings.
Operat-
ing Ex-
penses.
Net Miscel- w t
Earn- laneous »"
ings. Earnings. Income.
Taxes.
Inter-
est.
Divi-
dends.
Rentals Total
and Pay-
Miscel. ments.
Surplus.
$
$
$
$
$
$
$
$
$ $
S
1894...
37,026
27.630
9,896
3,075
12,471
306
11,220
11,526
945
1895
46.731
29,760
16,971
2,774
19,745
702
11,437
(D 2,566
2,415 17,054
2,691
18%
56,147
38,377
17,770
659
18,429
504
12,612
(1) 2,500
2,425 18,041
3«8
1897
49,851
32.930
16,920
16,920
518
11,718
(1) 2,600
15.249
2,190
1898
54,206
38,914
30,292
' '376
80,668
684
12,671
(2) 5,000
18,355
2,318
1899... .
56,616
39,160
17,456
400
17,850
508
11,106
(2) 5,000
16,614
1,242
1900
56,186
36,600
19,586
1,302
20.888
627
11,893
(2) 5,000
17,520
3,368
1901
60,912
39,010
21,908
769
22,671
674
12,500
(2) 5,000
18,174
4,497
POOR'S MANUAL OF RAILROADS. 39
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $250,000 ; funded debt (let 6« of
Sept. 1, 1922, int. M. & N.), $250,000 ; curreLt liabilities, $10,620 ; interest accrued, not due. $4,167; profit and loss,
$12,017— total, $526,804. Contra : Cost of road and equipment, $489,060 ; materials, etc., $1,088 ; cash and current
assets. $36,656-total, $526,804.
Directors (elected Nov. 6, 1901).— Daniel H. Newton, James Ramage, James H. Newton, Moses Newton,
James S. Newton, Holyoke, Mass.; Montgomery Rollins, J. 8. Pishon, Boston, Mass. OFFICERS: DANIEL H.
NEWTON, Pres. ; James Ramage, Vice-Free. ; James S. Newton, Sec. & Treas., Holyoke* Mass. GENERAL
OFFICE, Wilmington, Vt.
KENNEBEC CENTRAL RR.— Randolph to Togus, Me., Smiles. Gauge, 2 ft. Rail (steel), 25 Ibs.
Chartered Oct. 3, 1889 ; road opened July 1, 1890. Locomotives, 2. Cars— passenger, 4 ; baggage,!; freight (box,
2 ; flat, 6), 8— total, 13.
2,400— total, $4,215. Surplus, $1,523; surplus forward, $11,720- total, $13,243.
General Balance Sheet. June 30, 1901.— Capital stock paid in ($50,000 auth.; $100 shares), $11,250 ;
funded debt (1st mtge. 5s of Nov. 15, 1910, int. M. & N. ; $40,000 auth.) $30,000 ; current liabilities, $1,219 ; in-
terest accrued, $148 ; profit and loss, $13.243— total, $85,860. Contra : Cost of road and equipment, $81,579 ;
materials, etc., $301 ; cash and other assets, $3,980— total, $85,860.
Directors.— Weston Lewis, A. C. Stilphen, J. S. Maxcy, P. S. Thome. J. C. Atkins, GardL.er, Me.
OFFICERS : WESTON LEWIS, Pres. & Gen. Mgr. ; P. H. Winslow, Treas. ; H. S. Webster, Sec. ; A. C. Stilphen,
Aud., Gardiner, Me. GENERAL OFFICE, Gardiner, Me.
LIME BOCK RR.— In and around the city of Rockland, Me., 11.30 m.; trackage, 1.27 m.— total, 12.57
miles. Kail (steel, 8.12 m.), 56 Ibs. Gauge, 4 ft. 8j in. Organized in 1864 ; charter amended in 1873, 1887, and
1889. Locomotives, 3. Freight cars (flat, 12 ; dump, 401), 413 ; caboose, 1— total, 414.
Operations, year ending June 30, 1901.— Earnings (freight, $78,905 ; other, $1,441), $80,346. Operating
expenses, $40,904. Net earnings, $39,382 ; other receipts, $1,593— total, $40,975. Payments: Interest on bonds,
$21,531 ; taxes, $948 ; dividends (4 p. c.), $18,000— total, $40,479. Surplus, $496 ; surplus forward, $26,408— total,
$26,904.
General Balance Sheet, June 30, 1901.— Capital stock ($450,000 issued and outstanding ; $100 shares),
$48,000 ; funded debt (consol. refdg. 4s of July 1. 1929, int. J. & J.; $425,000 auth.), $400,000 ; depreciation account,
$34,000 ; contingent fund, f 12,000 : surplus fund, $54,000 ; profit and loss, $26,904 -total, $574,904. Contra : Cost
of road and equipment, $501,056 ; real estate, $35,025 ; refunding account, $22,601 ; materials, etc., $4,238 ; other
assets, $5,95<J ; cash and current assets, $5,372; sundries, $62— total, $574,904.
Directors (elected Jan. 28, 1902).— Fred E. Richards, Portland, Me.; Robert Winsor, Alfred Winsor,
Boston, Mass.; Henry H. Skinner, Springfield, Mass.; Herbert L. Shepherd, Rockport, Me.; A. F. Crockett, W.
T. Cobb, Rockland, Me. OFFICERS : FRED E. RICHAKDS, Pres.; Stephen C. Perry, Sec., Portland, Me.; Joseph
Remick, Treas , Boston, Mass.; George P. White, Gen. Supt., Rockland, Me. GENERAL OFFICE, Rockland, Me.
MONSON RR.— Monson June, to Monson, Me., 6.16 m.; Monson to Slate Quarries, 2 m.— total, 8.16 m.;
total track (steel ; 30 Ibs.), 9.16 miles. Gauge, 2 ft. Chartered Nov. 1, 1882 ; road opened Oct. 22, 1883. Loco-
motives, 2. Cars— combination, 1; freight (box, 8 ; flat, 8 ; coal, 2), 18— total, 19.
Operations, year ending June 30, 1901.— Trains run (mixed), 16,344 miles. Passengers carried, 4,620 ; car-
ried one mile, 28,459. Tons freight moved, 9,160 ; ton-miles, 56,425. Earnings (passenger, $1,298 ; freight, $4,714 ;
other, $568), $(5,580. Operating expenses, $6,288. Net earnings, $291 ; other receipts, $16— total, $307. Pay-
ment* : Interest on bonds (accrued), $4,200 ; interest on debt, $844 ; taxes, $97— total, $5,141. Deficit for year,
$4,834 ; deficit forward, $139,845— total, $144,679.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $70,000; funded debt (1st 6s of
April 1, 1904, int. A. & O.), $70,000; current liabilities, $12,566 ; interest accrued, $70,292— total, $222,858. Con-
tra : Cost of road and equipment, $78,149 ; cash assets, $30 ; profit and loss, $144,679— total, $222,858.
Directors (elected July 9, 1901).— H. A. Whiting, J. F. Kimball, Wilton, N. H. ; Geo. O. Whiting, Lexing-
ton, Mass. ; W. L. Estabrooke, J. F. Sprague, H. E. Morrill, A. W. Chapin, Monson, Me. OFFICERS : H. A.
WHITING, Pres. ; J. F. Kimball, Vtce-Prea., Treas. & Gen. Mgr., Wilton, N. H. ; J. F. Sprague, Sec., Monaco,
Me. GENERAL OFFICE, Monson, Me.
MONTFELIER AND WELLS RIVER RR.— Montpelier to Wells River, Vt., 38.20 m. ; leased,
Barre Branch RR. (see appended statement), 3.8 m., and Barre RR. (in Barre, Vt.), 1.62 m.— total, 43.62 m. ; total
track (steel ; 58 and 60 Ibs.), 47.03 miles. Gauge, 4 ft. 8± in. Reorganization, Jan. 1, 1877, of a company of the
same name (see MANUAL for 1893, page 417). Locomotives (1 leased), 7. Cars— passenger, 7 ; baggage, etc., 4 ;
freight (box, 11 ; stock, 3 ; flat, 79 ; coal, 12 ; refrigerator, 6), 101 ; service, 6— total, 118.
Operations, year ending June 30, 1901.— Trains run (passenger, 80,112 ; freight, 21,266 ; mixed, 23,788),
125.166 miles. Passengers carried, 120,168 ; carried one mile, 2,188,810. Tons freight moved, 203,504 ; ton-miles,
5,441,426. Earnings (passenger, $46,982 ; freight, $98,911 ; other, $9,848), $155,742. Operating expenses, $126,-
662. Net earnings, $29,080 ; rents, $3,321 ; interest, etc., $6,391— total, $38,792. Payments : Taxes, $4,503 ;
rentals, Barre Branch RR., $4,800— total, $9,303. Surplus, $29,489 ; surplus forward, $182,776-total ($212,265 ;
less deductions for improvements and addition to property during year, $8,245), $204,020.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), §800,000 ; current liabilities, $24,706 ;
accrued, taxes and rents, $2.210 ; other liabilities, $1,044 ; profitandloss, $204,020— total, $1,031,980. Contra : Cost
of road and equipment, $800,000; bills receivable, $151,750; materials, etc., $21,151 ; cash and current assets,
$58,706; other assets, $373— total, $1,031,980.
BARRE BRANCH RR.— Barre Transfer to
Barre, 3.8 miles. Rail (steel), 60 Ibs. Organized
in 1888; road opened June 1, 1889, and. leased for
an annual rental of 6 p. c. on $80,000 capital stock.
W. A. Stowell, Pres.; F. W. Morse, See. & Treag.
Office, Montpelier, Vt.
years to the Montpelier and Wells River RR. Co., at
Directors, M. & W. R. RR. (elected Aug. 29, 1901).— A. F. Sortwell, Cambridge, Mass. ; Geo. E. Carter,
Boston, Mass. ; J. W. Brock, Joel Foster, W. A. Stowell, Montpelier, Vt. OFFICERS : ALVIN F. SORTWELL,
Pres. ; Geo. E. Carter, Vice-Pres., Boston, Mass. ; Joel Foster, Sec. & Treas.; A. W. Prescott, Aud., Montpelier,
Vt. GENERAL OFFICE, Montpelier, Vt.
MOSHASSUCK VALLEY RR.— Woodlawn June, to Saylesville, R. I., 2 m.; total track (steel ; 56
and 70 Ibs.), 3 miles. Gauge, 4 ft. 8i in. Chartered June 11, 1874 ; road opened Jan. 5, 1877. Locomotives, 2.
Cars— pussenger, 1 ; freight (box, 3 ; coal, 4), 7 : steam motor, 1— total, 9.
Operations, year ending June 30, 1901.— Trains run (passenger, 14,776 ; freight, 6,260 ; other, 10,000), 81,236
miles. Passengers carried, 30,395 ; carried one mile, 60,790. Tons freight moved, 107.861 ; ton-miles, 214,722.
Earnings (passenger, $1,045; freight, $38,133; other, $424), $39,602. Operating expenses, $36,799 ; taxes, $491
—total, $37,290. Surplus, $2.312 ; surplus forward, $43,687— total. $45,999.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($200,000 auth.; $100 shares), $50,000 ;
40 POOR'S MANUAL OF RAILROADS — NEW ENGLAND GROUP.
current liabilities, $31,338 ; accrued taxes, $491 ; profit and loss, $45,999— total, $127,828. Contra : Cost of road
and equipment, $95,762 ; materials, etc., $4,790 : cash and other assets, $27,276— total, $127,828.
Directors —Frank A. Sayles, Chas. O. Head, Maurice K. Washburn, J. R. MacColl, K. F. Wood, Sayles-
ville, R. I. OFFICERS : FRANK A. SAYLES, Fret.; Chas. O. Read, Sec. & Treas.; A. H. Aldrich, Supt., Sayles-
ville, R. I. GENERAL OFFICE, Saylesville, R. I.
MT WASHINGTON BY.— Base to Summit of Mt. Washington, N. H., 3.33 miles. Gauge, 5 ft. 3 in.
Rail (steel), 50 Ibs: Chartered in 1858 : road opened July, 1869. Operated June to Oct., yearly. Locomotives, 7.
Cars— passenger, 5 ; baggage, 1 ; freight (flat), 2— total, 8.
Operations, year ending June 30, 1901.— Passengers carried, 7,076 : carried one mile, 47,130. Earnings
(passenger, $2l,6:«; other, $150), $21,782. Operating expenses, $11,598. Net earnings, $10,184 ; other receipts,
$5,96C— total, $16,150. Payments : Interest on debt, $528; taxes, $2,511 ; dividends (3 p. c.), $6,345 ; other charges,
$6 699— total, $16.083. Surplus, $67 ; surplus forward, $329— total, $396.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $211,500 ; current liabilities, $5,000 ;
improvements at Summit House, $2,500 ; profit and loss, $296— total, $219,396. Contra : Cost of road and equip-
ment, $135,000 ; real estate, $82,000 ; cash, $2,396— total, $219,396.
Directors (elected May, 1901).— T. A. Mackinnon, G. A. Fernald, Boston. Mass.; Nathaniel White, Jr.,
John M. Mitchell, Benj. A. Kimball, Frank E. Brown, Concord, N. H.; J. W. Sanborn, Sanbornville, N. H. OF-
FICERS : T. A. MACKINNON, Pres. & Gen. Mgr., Boston, Mass.; Benj. A. Kimball, Vice-Pres.; John F. Webster,
Treas.; F. E. Brown, Sec., Concord, N. H. GENERAL OFFICE, Concord, N. H.
NANTTJCKET CENTRAL RR.— Nantncket to Siasconset, Mass., 8.5 m. ; total track, 8.7 miles.
Gauge, 3 ft. Rail (steel, 7.5 m.), 30 and 35 Ibs. Successor, after foreclosure sale, to the Nantucket RR. Co. (See
MANUAL for 1897, page 21.) Locomotives, 2. Cars— passenger, 3 ; baggage, etc., 1 ; freight (flat), 3 ; gravel, 1.
Operations, year ending June 30, 1901.— Trains run (passenger), 6,500 miles. Passengers carried, 9,590 ;
carried one mile, 81,515. Earnings (passenger, $3,458 ; other, $830), $4,288. Operating expenses, $3,010. Net
earnings, §1,278. Payments : Interest oil bonds, $1,020 ; taxes, $28— total, $1,048. Surplus, $230 ; deficit forward,
$2,060 ; net deficit, $1,830.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $18,000; funded debt (1st 6e of
Feb. 1, 1906, int. F. & A.), $17,000 ; interest coupons matured, not paid (including coupons due July 1), $1,830 —
total, $38,830. Contra: Cost of road and equipment, $35,000 ; profit and loss, $1,830— total, $36,830.
Directors.— Byron B. Johnson, D. L. Weeks, Henry S. Milton, George R. Taber, Waltham, Mass. ; Benj.
W. Gilbert, Newton, Mass. OFFICERS : HENRY 8. MILTON, Pres. ; Melvin M. Johnson, Clerk, Boston, Mass.;
D. L. Weeks, Treas. & Gen. Mgr., Waltham, Mass. GENERAL OFFICE, 10 Tremont St., Boston, Mass.
NARRAGANSETT PIER RR.— Kingston to Narragansett Pier, R. I., 8.5 m.— total track (steel ; 58
Ibs.), 9.3 miles. Gauge, 4 ft. 8J in. Chartered Jan., 1868 ; road opened July 17, 1876. Locomotives, 2. Cars —
passenger, 6 ; baggage, etc.. 1 ; freight (box, 1 ; flat, 2 ; coal, 14), 17— total, 24.
Operations, year ending June 30, 1901.— Trains run (passenger, 33,000 ; freight, 9,300), 42,300 miles. Pas-
;ers carried, 128'.344 ; carried one -
senger, $30,026 ; freight, $17,395 ;
. yt receipts, $199— total, 814,520.
$10,704-total $14,755. Deficit, $235.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($200,000 auth. ; $100 shares), $133,800 ;
funded debt (1st 4s of 1916, int. F. & A. ; $100,000 auth.), $70,000 ; current liabilities, $9,358 ; interest accrued,
$1,167 ; balance operating account, $40,902— total, $255,227. Contra : Cost of road and equipment, $242,525 ;
cash and current assets, $12,702— total, $255.227.
Directors.— Rowland G. Hazard, Peace Dale,R. I.; Benj. F. Robinson, Geo. C. Robinson, B. F. Robinson,
Jr., Wakefield, R. I.; John M. Hall, New Haven, Conn. OFFICERS: ROWLAND G. HAZARD, Pres. & Treas.; Wm.
T. Stedman, Sec. ; Geo. T. Lamphear, Supt., Peace Dale, R. I. GENERAL OFFICE, Peace Dale, R. I.
NEWPORT AND WICKFORD RR. (& S. B. Co.).— Wickford June, to Wickford, R I., 3.4 m. ;
total track (steel ; 60 Ibs.), 4 miles. Gauge, 4 ft. 8£ in. Chartered in 1872 ; road opened Jan. 1, 1874. Operated
in connection with N. Y., P. & B. RR. Locomotive, 1. Cars— passengti, 1 ; baggage, etc., 1 ; freight (box), 1—
total, 3. Connection is made between Newport and Wickford, 12 m., by ferry ; 1 steamboat.
Operations, year ending Aug. 31, 1901.— Earnings (passenger, $38,700; freight, $2,906; other, $15,511),
$57,117. Operating expenses, $46,555. Net earnings, $10,562; other receipts, $781— total, $11,343. Paid interest
on bonds, $5,000. Surplus, $6,343 ; deficit forward, $5,364 ; net surplus, $979.
General Balance Sheet, Aug. 31, 1901.— Capital stock ($100 shares), $100,000 ; funded debt (1st 5s of
Aug., 1920, int. F. & A.), $85,000; current liabilities, $2,905; profit and loss, $979— total, $188,884. Contra:
Cost of road and equipment, $183,019 ; current assets, $5,115 ; other assets, $750— total, $188,884.
Directors (elected Oct. 7, 1901).— John N. A. Griswold, George Peabody Wetmore, A. S. Sherman, Geo.
Gordon King, Newport, R. I.; Jacob W. Miller, Theo. K. Gibbs, New York, N. Y. OFFICERS : JACOB W. MILLER,
Pres. & Gen. Myr., Pier 36, N. R., New York, N. Y. ; A. S. Sherman, Sec. & Treas., Newport, R. I. GENERAL
OFFICE, Merchants' Bank, Newport, R. I.
PHILLIPS AND RANGELEY RR.— Phillips to Rangeley, Me., 28.6 miles. Gauge, 2 ft. Rail
(steel), 35 Ibs. Organized April 17, 1889 ; completed July, 1891. Locomotives, 4. Cars— passenger, 4 ; baggage,
1 ; freight (box, 15 ; flat, 67), 82 ; caboose, 1 ; other cars, 16— total, 104.
Operations, year ending June 30, 1901. — Trains run (passenge>, 25,440 ; mixed, 18,555), 43,995 miles. Pas-
sengers carried, 11,410 ; carried one mile, 302,731. Tons freight moved, 12,227 ; ton-miles, 240,741. Earnings (pas-
senger, $10,855 ; freight, $14,747; other, $4,474), $30,076. Operating expenses, $25,376. Net earnings,' $4,700.
Payments: Interest on bonds. $10,000 ; other interest, $3,421 ; taxes, $281— total, $13,702. Deficit, $9,002 ; deficit
forward, $7-2,933— total, $81,935.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100,000 auth. ; $100 shares), $99,400 :
funded debt, $200,000; current liabilities, $69,258 ; interest accrued, $18,037— total, $386,695. Contra: Cost of
road and equipment, $290,528; cash, $6,522; other assets, $1,715; profit and loss, $81,935— total, $386,695.
Funded Debt.— The funded debt outstanding June 30, 1901 (total, $200,000), consisted of $150,000 1st 5s
of Aug. 1, 1910, int. F. & A. ; and $50.000 ($75,000 auth.) 2d 5s of Sept. 1, 1912, int. M. & S.
Directors (elected April 19, 1901).— Calvin Putnam, Danvers, Mass. ; Fletcher Pope, Joel Wilbur, H. H.
Field, J. H. Byron, S. G. Haley, Fred N. Beal, Phillips, Me. OFFICERS : CALVIN PUTNAM, Pres., Danvers,
Mass. ; Fischer Pope, Vice-Pres. <& Gen. Mgr.; H. H. Field, Treas. & Clerk, Phillips, Me. GENERAL OFFICE,
Phillips, Me.
SANDY RIVER RR.— Farmlngton to Phillips, Me., 18 miles. Gauge, S ft. Rail (steel), 85 and 52 Ibi.
Chartered April 8, 1879 ; road opened Nov. SO, 1879. Locomotives, 6. Cars— passenger, 4: baggage, etc., 3 ;
freight (box, 30 ; flat, 37), 67— total, 74.
Operations, year ending June 30, 1901.— Trains run (passenger, 27,174 ; freight, 428; mixed, 16,009; other,
1,891), 45,502 miles. Passengers carried, 27.546 ; carried one mile, 384,998. Tons freight moved, 52,093 : ton-miles,
710,1*1. Earnings (passenger, $14,926; freight, $33,180 ; other, $3,779), §51,885. Operating expenses, $29,320. Net
POOR'S MANUAL OF RAILROADS. 41
earnings, $22,565 ; other receipts, $2,664— total, $25,229. Payments : Interest on bonds, $16,000 ; on debts, $464-
taxes,$628; dividends (6 p. c.), $6,000— total, $22,092. Surplus, S3, 137; deficit forward, $97,140; net deficit, $94,008
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $100,000 ; funded debt $300,000 •
current liabilities, $23,466; interest accrued, not due, $1,858— total, $425,324. Contra: Cost of road and equipment,
§274.965; securities owned, $46,065 ; materials, etc., $1,493 ; cash and current assets, $8,798 ; profit and loss, 894 003
—total, $425,324.
Funded Debt.— The funded debt outstanding on June 30, 1901 (total $300,000), consisted of $100,000 1st 5s
of Sept. 1, 1915, int. M. & S. ; and $200,000 1st consul. 5s, of July 1, 1921, int. J. & J.
Directors.— Weston Lewis, J. S. Maxcy, P. H. Winslow, Gardiner, Me. OFFICERS: WESTON LEWIS, Pres.;
J. S. Maxcy, Vice-Pres. & Gen. Mgr.; Geo. A. Farrington, Sec. & Treas, ; P. H. Winslow, Aud., Gardiner, Me.
GENERAL OFFICE, Gardiner, Me.
SEBASTICOOK AND MOOSEHEAD BB.— Pittsfield to Mainstream, Me., 15 miles. Gauge, 4 ft. 8i
in. Rail (steel), 50 Ibs. Organized July 24, 1886 ; road opened Nov. 2, 1886. During the fiscal year 1898-1899,
the franchise of this road and the right to take tolls for ten years were purchased by Z. D. Lancaster, an execu-
tion against the company having been obtained by the Lakeside Press, Portland, Me. Receiver appointed, June
24, 1899, in suit to foreclose the first mortgage. Extension from Hartland to Mainstream, 7 miles, was put in
operation in Jan., 1901. Locomotives (in service, 1), 2. Cars— passenger, 1 ; combination, 2 ; freight (flat, 6) —
total, 9.
Operations, year ending June 30, 1901.— Trains run (passenger, 10,989 ; mixed, 6,449), 17,438 miles. Pas-
sengers carried, 12,501. Tons freight moved, 12,495 ; ton-miles, 105,6i42. Earnings (passenger, $3,937; freight,
$7,068; other, $1,110), $12,115. Operating expenses, $11,725. Net earnings, $390. Payments: Interest on bonds
$133 ; taxes, $78— total, $211. Surplus, $179.
General Balance Sheet. —See MANUAL for 1900, page 45. According to the Report of the Railros d Com-
missioners of the State of Maine, the capital stock paid in on June 30, 1901, was $180,000, and there were outstand-
ing on the same date $100,000 ($250,000 auth.) 1st mtge. 5 p. c. 30-yr. bonds, due Oct. 1, 1925. Trustee: Mercantile
Loan and Trust Co., Boston, Mass. Receivers' certificates outstanding June 30, 1901, $40,000.
Directors.— Not reported. OFFICERS: T. A. LINN, Pres., Hartland, Me.; A. B. Thompson, Rec. <& Gen.
Mgr., Pittsfield, Me.
SOMERSET BY.— Oakland to Bingham, Me., 41.06m. ; Dodlin's Quarry branch, 1 m. ; total track, 49.01
miles. Gauge, 4 ft. 8£ in. Rail (steel, 43.56 m.), 50, 52 and 70 Ibs. Chartered as Somerset R.R. Mitrch 19, 1860 ;
road opened from Oakland to North Anson, 25 miles, Jan. 26, 1874. Defaulted Jan. 3, 1879 ; reorganized under
present name Aug. 15, 1883. Extended from North Anson to Solon, 8.86 miles, in 1889 ; from Solon to Bingham,
7.2 miles, and branch built to Dodlin's Quarry in 1890. (See MANUAL for 1892, page 585.) Locomotives, 7. Cars
— passenger, 6 ; baggage, etc., 3 ; freight (box, 114 ; flat, 45), 159; other, 6— total, 174.
Operations, year ending June30. 1901.— Trains run (passenger, 51,074; freight, 35,798; other, 17,689), 104,561
miles. Passengers carried, 30,667 ; carried one mile, 731,500. Tons freight moved, 133,528 ; ton-miles, 2,978,014.
Earnings (passenger, $25,153 ; freight, $77,427; other, $6,543), $109,123. Operating expenses, $77,549. Net earn-
ings, $31,574. Payments : Interest on bonds, $16,029 ; other interest, $1,741 ; taxes, $1,145; other charges, $69,088
—total, $88,003. Deficit, $56,429 ; surplus forward, $83,804; net surplus, $27,375.
General Balance Sheet, June 30, 1901.— Capital stock (§100 shares), $736,649 ; funded debt, $397,500 ;
current liabilities, $42,883; profit and loss, §27,375— total, §1,204,407. Contra: Cost of road and equipment, $1,166,-
532 ; bills receivable, $50: materials, etc., $23,514; cash and current assets, $14,311— total, $1,204,407.
Funded Debt.— The funded debt outstanding on June 30, 1901 (total $397,500), consisted of $225,000 1st
5s of July 1, 1917, int. J. & J, ; and $172,500 ($420,000 auth.) consol. 4s of July 2, 1950, int. J. & J.
Directors (elected Sept. 11, 1901).— R. W. Dunn, W. M. Dunn, W. T. Haines, Waterville, Me. ; B. P. J.
Weston, Madison, Me. ; W. M. Ayer, A. R. Small, Oakland. Me.; Thos. Flint, San Juan, Cal.; F. W. Hill, Exeter,
Me. ; J. M. Robbing, Lewiston, Me.; J. F. Hill, Augusta, Me.; Weston Lewis, Gardiner, Me. OFFICERS : R. W.
DUNN, Pres.; W. M. Dunn, Vice-Pres., Waterville, Me.; A. R. Small, Clerk & Treas. ; H. W. Greeley, Auditor,
Oakland, Me. GENERAL OFFICE, Oakland, Me.
SOUTH MANCHESTER BB.— South Manchester to Manchester, Conn., 2.25 m. ; total track (3.58
m. steel ; 56 Ibs.), 4.66 miles. Gauge, 4 ft. 8} in. Chartered May, 1866 ; road opened in June, 1869. Locomotives,
2. Cars (passenger), 4.
Operations, year ending June 30, 1901. — Trains run (passenger, 14,045 ; freight, 1,715), 15,760 miles. Pas-
sengers carried, 92,631 ; carried one mile, 208,420. Tons freight moved, 41,767 ; ton-miles, 93,976. Earnings (pas-
senger, $4,228; freight, $11,441; other, $80), $15,749. Operating expenses, $14,497 ; taxes, $374— total, $14,871.
Net earnings, §878 ; surplus forward, $61,216— total, $62,094.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $40,000; current liabilities, $21,333;
profit and loss, $62,094— total, $123,427. Contra : Cost of road and equipment, $119,352 ; materials, etc., $4,075—
total, $123.427.
Directors. — F. W. Cheney, Richard O. Cheney, Harry G. Cheney, Chas. S. Cheney, Frank Cheney, Jr.,
South Manchester, Conn. OFFICERS : F. W. CHENEY, Pres. ; Richard O. Cheney, Sec. & Gen. Mgr. ; Charles S.
Cheney, Treas., South Manchester, Conn. GENERAL OFFICE, South Manchester, Conn.
UNION FREIGHT BB.— B. & M. RR. to N. Y., N. H. & H. RR., Boston, Mass., 2.43 m. ; total track
(steel: 88 Ibs.), 4.65 miles. Gauge, 4 ft.8|in. Chartered and road opened in 1872. (See MANUAL for 1888, page 84.)
iLocomotives, 4.
Operations, year ending June 30, 1901.— Trains run (freight), 20,985 miles. Tons freight moved, 249.084 ;
rton-mifes, 342,491. Earnings (freight, $71,935 ; other, $622), $72,557. Operating expenses, $65,937. Net earnmes,
$6,620. Payments: Interest on debt,$3,228 ; taxes, $2,560— total, $5,788. Surplus, $832 ; surplus forward, $50,388
—total, $51,220.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($500,000 auth. ; $100 shares), $300,000 ;
;real estate mortgages, §88,500; current liabilities, $10,366 ; profit and loss, $51,220— total, $450,086. Contra: Cost
-of road and equipment, $415,070 ; securities owned, $13,000 ; materials, etc., $3,080 ; cash and current assets,
•$18,936— total, $450,086.
Directors (elected Jan. 8, 1902).— Fayette S. Curtis, Chas. F. Choate, Boston, Mass.; John M. Hall, New
iHaven, Conn.; Geo. A. Gardner, Joshna-M. Sears, Nathaniel Thayer, Boston, Mass. OFFICERS: FAYETTE S.
•CURTIS, Prei. ; Austin W. Adams, Clerk & Treas. GENERAL OFFICE, South Terminal Station, Boston, Mass.
WASHINGTON COUNTY BB.— Calais to Washington June., Me., 102.28 m. ; Eastport June, to
Eastport, Me., 16.72 m. ; St. Croix June, to Princeton, Me., 17.33 m.— total, 136.33 m. ; total track (steel ; 146.79
m.), 148.20 miles. Gauge, 4 ft. 8£ in. Rail— iron, 56 Ibs. ; steel. 60 Ibs. Chartered March 7, 1893 ; road opened
throughout on Jan. 2, 1899. (See MANUAL for 1900, page 46.> Locomotives, 12. Cars— passenger, 16 : combina-
tion, 3 : baggage, mail, and express, 4 ; freight (box, 100 ; flat, 150), 250 ; caboose. 2 : derrick, 1— total, 276.
Operations, year ending June 80, 1901.— Trains run (passenger, 178,114 ; freight, 87,723 : other, 104,108),
369,945 miles. Passengers carried, 171,232 ; carried one mile, 4,877,441. Tons freight moved, 157,794 ; ton-miles,
5,002,643. Earnings (passenger, $138.505 ; freight, $87,967 ; other, $68), $226,540. Operating expenses, $201,376.
Net earnings, $25.164. Charges : Interest on bonds, $107,100 ; taxes, $1,494— total, $108,594. Deficit,- $83,430;
deficit forward, $86,853— total, $170,283.
42 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($1,499,900 common and $500,000 pre-
ferred), $1,999,900 ; funded debt (1st mtge. gold 5s of Jan. 1, 1948, int. J. & J.), $2,142,000 ; loans and bills paya-
ble, $299,557 ; current liabilities, $38,091 ; interest matured, not paid (including July 1), $372,679— total, $4,852,-
226. Contra: Cost of road and equipment, $4,566,950; materials, etc., $23,431 ; cash and current assets, $91,-
562 : profit and loss, $170,283— total, $4,852,226.
Capital stock authorized is $2,000,000 in $100 shares— common, $1,500,000; preferred, $500,000. The pre-
ferred stock is entitled to dividends up to 5 p. c. per annum, non-cumulative, in priority to common stock. It is
all held by Washington County. Me.
Directors (as constituted March 12, 1901).— For one year: W. M. Nash, Cherryfield, Me.; John W. Simp-
son, Grant B. Schley, Frederick W. Whitridge, Henry W. Cannon, New York, N. Y. For two years : George A.
Curran, Calais. Me.; L. M. Schwan, P. E. Randall, New York, N. Y.; F. A. Chandler Addison, Me. For three
yeart : W. Kirkpatrick Brice, Stewart M. Brice, New York, N. Y.; Geo. A. Murchie, Calais, Me.; one vacancy.
For Washington County: W. M. Nash, County Treasurer, Cherryfield, Me. OFFICEKS : FREDERICK W. WHIT-
RIDOE, Pres.; Grant B. Schley, 1st Vice-Pres.; Frank E. Randall, Treas., New York, N. Y.; W. W. Colby, Clerk
& Gen. And.; R. W. Kelley, (fen. Mgr.; N. P. Baker, Gen. Supt., Calais, Me. GENERAL OFFICE, Calais, Me.
WHITE RIVER VALLEY RR.— Rochester to Bethel, Vt.. 19 miles. Gauge, 4 ft. 8J in. Rail
(steel), 56 and 60 IDs. Chartered Nov. 23, 1896 ; road built in 1900. Placed in the hands of receivers, pending the
trial of a suit in the U. S. Court. Locomotives, 2. Cars— passenger, 1 ; freight, 6. Capital stock paid in
($300,000 auth.), $30,000. Cost of road about §300,000. No information furnished as to amount or description of
indebtedness. Trustee of bonds : American Loan and Trust Co., Boston, Mass. Receivers: Rufus H. Sawyer,
Rochester, Vt., and Frank E. Paige, Boston, Mass. GENERAL OFFICE, Rochester, Vt.
WOOD RIVER BRANCH RR.— Wood River Junction to Hope Valley, R. I.. 5.7m.; total track (steel,
3.75m.), 6.62 miles. Rail— iron, 45 Ibs. ; steel, 58 and 60 Ibs. Gauge, 4 ft. 8i in. Chartered May, 1872; road
opened July 1, 1874. Locomotives, 3. Cars— passenger, 2 ; baggage, mail, etc., 1— total, 3.
Operations, year ending June 30, 1901.— Trains run (passenger, 12,685; freight. 6,342; other, 1,000), 20,027
miles. Passengers carried, 22,713 ; carried one mile, 121 ,399. Tons freight moved, 11,582; ton-miles, 62,123. Earn-
ings (passenger, f 4,986; freight, $8,416; other, $933), $14,335. Operating expenses, $10,590. Net earnings, $3.745;
other receipts, $30— total, $3,775. Payments : Interest on bonds, $3,108 ; other interest, $268 ; taxes, $520— total,
$3,896. Deficit, $121; surplus forward ($9,707; less deduction of $260), $9,447; net surplus, $9,326.
Q-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $60,000; funded debt (1st mtge. 5}s
of July 1, 1909, int. J. & J.; $60,000 auth.), $56,500; current liabilities, $8,584; profit and loss, $9,326— total, $134,-
410. Contra: Cost of road, $111,905; equipment, $16,741; current assets, $3,227; cash, $2,537— total, $134,410.
Directors (elected Oct. 8, 1901).— Amos G. Nichols, Edward Barber, Thos. B. Scgar. Hope Valley, R. I. ;
John L. Kenyon, Wyoming, R. I.; Benj. Kenyon, Rockville, R. I.; J. V. A. Trumbull, F. H. Peckham, Ralph
C. Watrous, Edward G. Buckland, Providence, R. L; William F. Joslin, Westerly, R. I. OFFICERS : AMOS G.
NICHOLS, Pres., Hope Valley, R. I.: Ralph C. Watrons, Vicf-Pres., Providence, R. I.; S. R. Richmond, Sec. &
Treas.; Leander M. Barber, Supt., Hope Valley, R. I. GENERAL OFFICE, Hope Valley, R. I.
WOODSTOCK RY.— Woodstock to White River June., Vt., 13.88 m. ; total track. 15 miles. Gauge, 4
ft. 8i in. Rail (steel, 13 m.), 56 Ibs. Organized July 1, 1890, as successor to the Woodstock RR. Co. (See
MANUAL for 1891, page 593.) Locomotives, 2. Cars— passenger, 3; baggage, etc., 1 : freight (box, 2 ; flat, 1), 3—
total, 7.
Operations, year ending June 30, 1901.— Passengers carried, 23,745. Tons freight moved, 16,661. Earn-
ings (passenger, $13,471; freight, $19,508; other, $1,929), $34.908. Operating expenses, $26,077. Net earnings, $8,&31 ;
add interest, $300— total, $9,131. Payments: Taxes, $910 ; dividends (3 p. c.), $7,497— total, $8,407. Surplus, $724;
surplus forward, $34,724— total, $35,448.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $250,000 ; profit and loss, $35,448—
total. §385,448. Contra: Cost of road and equipment, $268,410; materials, etc., $6,445; cash, $10,593— total,
$285,448.
Directors.— John J. Dewey, Quechee, Vt.; Frank S. Mackenzie, Frederick Billings, Franklin S. Billings,
Wm. E. Johnson, J. G. Porter, Woodstock, Vt. ; Samuel E. Kilner. New York, N. Y. ; Richard Billings, St. Paul,
Minn. One vacancy. OFFICERS: JOHN J. DEWEY, Pres., Quechee, Vt.; F. S. Mackenzie, Vice-Pres.; J. G.
Porter, Gen. Mgr., Treat. <fe Clerk, Woodstock, Vt. GENERAL OFFICE, Woodstock, Vt.
MIDDLE GROUP— States of New York, New Jersey, Penn-
sylvania, Delaware and Maryland, and District of Columbia.
BALTIMORE AND OHIO RAILROAD SYSTEM.
(For map of this tystem, see between pages 44 and 45.)
The railroads embraced in this system on March 1, 1902, aggregated in length of single
main track, 4,868.50 miles, as follows :
OPERATED BY B. & O. RR. Co. ON JUNE 30, 1901 (total, 3,220.76 miles).
Baltimore and Ohio RR. and Branches 520.57 miles.
Proprietary and leased lines 2,672.12
Bay Ridge and Annapolis RR. (operated as agent for owners) 4.50
Operated under trackage contracts 23.57
OPERATION ASSUMED AUG. 1, 1901 (total, 329.08 miles).
Ohio River RR. and Leased Line 223.58
Ravenswood, Spencer and Glen ville RR 82.50
Rii.ley and Mill Creek Valley RR 13.00
West Virginia Short Line RR ...... 60.00
(Continued on next page.)
POOR'S MANUAL — BALTIMORE AND OHIO RR. SYSTEM.
43
Brought forward
OPERATION ASSUMED JAN. 1, 1902 (total, 715.37 miles).
3,549.84 miles.
Cleveland, Lorain and Wheeling RR 192.30 "
Cleveland Terminal and Valley RR 82.01 "
Ohio and Little Kanawha RR 72.04 "
Pittsburgh and Western RR 217.81 "
Ell wood Short Line RR 2.80 "
Pittsburgh, Cleveland and Toledo RR 77.11 "
Pittsburgh, Painesville and Fairport RR 53.00 "
Trumbull and Mahoning RR 11.38 "
Pittsburgh Junction RR 6.92 "
CONTROLLED BTB. &0. RR. Co., BUT OPER. SEPARATELY (total, 103.29 miles).
Sharpsville RR 17.75 "
Staten Island Ry 12.64 "
Staten Island Rapid Transit Ry 10.90 "
Valley RR. (of Virginia) ". 62.00 "
Total single track mileage of the system on March 1, 1902 4,368 50 miles.
The system extends from Philadelphia, Pa., Baltimore, Md., and Washington, D. C., to
Chicago, 111., and to St. Louis, Mo., with branches to Mount Jewett, Pa., to Fairport, Cleve-
land, Lorain, and Sandusky, on Lake Erie, and to several points on the Ohio River. In
connection with the Philadelphia and Reading Ry. and the Central RR. of New Jersey a
through route is maintained between Washington, Philadelphia, and New York. By means
of this line connection is made with the Baltimore and New York RR., the Arthur Kill
Bridge, and the railroads and terminals of the system on Staten Inland.
The following statement shows the capitalization of the system on March 1, 1902. The
amounts of stock and bonds afloat represent the securities outstanding "in the hands of the
public," the difference between them and the total issues being the amounts of capital stock
and of funded debt held by companies of the system :
CAPITAL STOCK.
FUNDED DEBT.
TOTAL CAPITAL'T'N.
Total.
Afloat.
Total.
Afloat.
Total.
Afloat.
$
135,223,200
350,000
50,000
300000
$
135,357,467
""566
9
221,048,341
350,000
50,000
$
220,851,530
$
356,271,541
700,000
100,000
300,000
2,000,000
9,000,000
22.500
$
356,208,997
"566
Baltimore and New York Ry
Bay Ridge and Annapolis RR
Eastern Ohio RR
Monongahela River RR
Schuylkill River East Side RR
Smithfield and Masontown RR
1,300,000
4,500,000
22,500
3.397,500
700,000
4,500,000
700,000
4,500,000
700,000
4,500,000
West Virginia and Pittsburgh RR
4,000,000
232,150
3,991,000
7,397,500
412,150
600,000
107,400
19,843,000
12,191,050
2,335,500
10,856,430
471,000
613,525
145,990
27,000,000
600,000
7,000,000
2,300,000
850,000
3,680,000
1,500,000
350,000
1,561,000
3,000.000
3,462.200
6,000,000
3,991,000
4,950
74.600
107,400
10,472,600
6,619,000
920,000
4,975,630
803,000
462,500
37,990
3.801,000
300,000
5,495,000
161,700
150,000
2,074,150
219.000
170,250
480,150
1,800
1,692,200
Winchester and Potomac RK
180,000
600,000
107,400
13,000,000
6,676,050
2,085,500
5,915,430
71,000
237,525
95,990
13,500,000
300,000
3,000,000
1,050,000
500,000
1,940,000
1,000,000
350,000
1,050,000
5»0,000
2,712,200
3,000,000
4,950
74,600
107.400
3,629,600
1,128,000
692,000
34,630
""86',506
37,990
"i,495,666
30,700
" "sis', i 56
'im,25o
480.150
1,800
1,692,200
Winchester und Strasburg RR
Fayette County RR
Cleveland, Lorain and Wheeling Ry
6,843,000
5,515,000
250,000
4,941.000
400,000
376,000
50,000
13,500,000
300,000
4,000,000
1,250,000
350,000
1,740,000
500,000
6,843,000
5,491,000
228,000
4,941.000
303,000
376,000
Cleveland Terminal and Valley RK
Ohio and Little Kanawha RR.
Ohio River RR
Huntington and Big Sandy RR
Ravenawood, Spencer and Glenville Ry
Ripley and Mill Creek Valley RR
Pittsburgh and Western Ry
Ellwood Short Line RR
Pittsburgh, Cleveland and Toledo RR
3,801,000
300,000
4,000,000
131,000
150,000
1,229,000
219,000
Pittsburgh, Painesville and Fairport RR
Trumbull and Mahoning RR
Pittsburgh Junction RR
Pittsburgh Junction Terminal Co
Sharpsville RR .
Staten Island Ry.. . .
511,000
2,500,000
750,000
3,000,000
S'aten Island Rapid Transit Ry.
Valley RR
West Virginia Short Line
Totals
203,014,295
145.868,887
277,656,491
258,054,530
480,670,786
403,923,417
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
BALTIMORE AND OHIO RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREIN BELOW— REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Owned, List of 14 Interest on Bonds, Details of ... 6a Roads Controlled but not Oper-
Capital Stock, June 30, 1901 9 Leased Line. Statement for 31 ated, Statements for 23
Capital Siock, March 1, 1902 3 Mileage Operated, June 30, 1901. 1 Roads Covered byMiddleDivision
Common Stock— New Issue 3 New Refunding Mortgage 4 Mtge., Statements for 18
Convertible Debentures 3 Old Securities not Deposited un Roads not Covered by B. & O.
Cost of Proprietary Roads not der Plans of Reorganization .. 11 Mtges., Statements for 20
covered by B. & O. Mtges 13 Operations and Income, 1900-01 . 7 Roads Covered by P., L. E. & \V.
Directors' and Officers 22 P., L. B. & W. Va. Ref. Mtge. .4 12 Va. System Mtge., Statem'ts for 19
Dividends Paid 6b P., L. E. & W. Va. Ref. Mtge Roads Covered by Prior Lien and
Funded Debt, Details of 10 Outstanding Underlying Bonds 12 1st Mtges., Statements for .. .. 16
General Balance Sheet 8 P., L. E. & W. Va. Ref. Mtge. Roads Covered by Southwestern
General Balance Sheet, 1895-1901. 15 Securities Deposited under ... 12 Division Mtge., Statements for. 17
History 2 Proprietary and Leased Lines Rolling Stock, Detail* of 5
Income Account, 1900-1901 6 ; 7 Statements for 16-21 Securities Owned, List of 14a
1. Mileage Operated, June 30, 1901. — A. LINES OWNED (total, 520.57 miles).
Main Stem : Baltimore, Md. , to Wheeling, W. Va 379 . 80 miles.
Locust Point Branch : Mt. Clare to Locust Point, Md 5 . 60 "
Camden Cut-off : Carroll to Camden Junction, Md 1 .50 "
South Baltimore Branch : Carroll to Cliffords, Md 2.00 "
Curtis Bay Branch : Curtis Bay Junction to Curtis Bay, Md 5.46 "
Sea Watt Branch : Crisp to Wagners Point, Md 1 .50 "
Patuxent Branch : Savage to Savage Factory, Md 1 . 30
Alex indria Branch : Alexandria Junction, Md., to Shepherd, D. C 12.50
Metropolitan Branch : Washington, D. C., to Washington Junction, Md 42.80
Frederick Branch : Frederick Junction to Frederick, Md 3.50
Imperial Coal and Coke Branch: Hardman to I. C. & C. Co. Mines, W. Va. . 1.38
Raccoon Valley Branch : Newburg to Austin Mines, W. Va 3.12
Gorman Extension : Austin Mines to Gorman Mines, W. Va 0. 78 "
Pa rker-tburg Bridge : Parkersburg, W. Va., to Belpre, O 1.40 "
Bi'nwood Bridge : Benwood, W. Va., to Bellaire, 0 1 . 10 "
Adamsburg Branch : Yough ER. Junction to Edna, Pa 1 . 73 "
Philadelphia Branch : Delaware State Line to Canton, Md 52. 60 "
Sparrows Point Branch : Sparrows Point Junction to Colgate Creek, Md 1 .60 "
Highlandtown Branch : Highlandtown Junction to Highlandtown, Md 0.90 "
B. PROPRIETARY ROADS (total, 2,664.82 miles).
Covered by B. & 0. Mortgages. Brought forward 1,888.38 "
Akron & Chicago Junction RR.. 76.66 m. Pittsburg & Connellsville RR 148.80
Bait. & Ohio & Chicago RR 264.90m. Salisbury RR 16.17 "
B. & 0. Southwestern RR 917.22m. Sandusky, M. & Newark RR 116.25 "
Baltimore & Philadelphia RR .. 59.32m. Somerset & Cambria RR 45.10
Baltimore Belt RR 7.16m. South Branch RR 16.00 "
Berkeley Springs & Potomac RR. 5 . 95 m. Washington Branch of B. & O. RR. 31 . 00
Berlin RR 8.00m. Washington County RR 24.20
Central Ohio RR 137.30m. Wheeling, Pittsb. & Bait. RR 63.93 "
St. Clairsville RR 6.53 m.
Clev., Woos. & Musk. Vy. RR. . 36.26 m. Not Covered by B. & 0. Mtges.
Colum. & Cincin. Midland RR. . 69.80 m. Baltimore & New York Ry 5.30 "
Confluence & Oakland RR 19. 70 in. Bay Ridge & Annapolis RR 4.50 "
Fairm., Morgan. & Pittsb. RR. . 57.60 m. Eastern Ohio RR 16 92 "
Grafton & Belingtou RR 46.73 m. Monongahela River RR 31.20 "
Lancaster, Cecil & Southern RR, 4.00 m. Pt. PI., Buch. & Tygarts V. RR. . 9.30 "
Metropolitan Southern RR 2.35 m. Schuylkill River East Side RR. . . 11 00 "
Mt. PKasant & Broad Ford RR . 9.70 m. Smithfield & Masontown RR 7.91
0. & B. Short Line RR 9.30 m. West Virginia & Pittsburgh RR. . 176.48 "
Ohio Midland RR 46.70m. Winchester & Potomac RR 32.00 "
Parkersburg Branch RR 103.30 m. Winchester & Strasburg RR 20.38
C. LEASED LINE.
Fayette County RR.: Gibson Junction to Uniontown, Pa 11 .80 "
D. LINES OPERATED UNDER TRACKAGE RIGHTS (23.57 miles).
Cumberland & Pennsylvania RR. : Cumberland to Mt. Savage, Md 3.50 "
Chicago, Rock Island & Pacific Ry.: R. I. Connection to Brainerd June., 111.. . 6.27 "
Chicago Term. Trans. RR.: Forest Hill to Grand Central Station. Chicago, 111. 11.20 "
Cleveland, Cincinnati, Chicago ( I. B. & W. Junction to Columbus, 0 1 .40 "
& St. Louis Ry.: ( Union Depot to Transfer Depot, Cincinnati, O. 1.20 "
Total length of lines operated, June 30, 1901 3,220.76 miles.
BALTIMORE & OHIO
RAILROAD
AND CONNECTING LINES.
POOR S MANUAL— BALTIMORE AND OHIO RR. CO.
45
2d track, 743.51 m. ; 3d track, 52.3 m.; 4th track, 8.52 m. ; sidings, 1,520.32 miles. Gauge,
4 ft. 8i in. Rail— iron, 60 to 80 Ibs. ; steel (5,451.48 m.), 67 to 85 Ibs.
A statement showing the single main track mileage operated by the Baltimore and Ohio
RR. Co. at the close of each fiscal year from 1865 to 1900 is in the MANUAL for 1901, on p. 44.
Statement showing by operating divisions the track mileage of the B. & 0. RR. on June
30, 1901 :
DIVISIONS.
First
Track.
2d,3d.
& 4th
T'ke.
Total
Track.
DIVISIONS.
Fir^t
Track.
2d,3d,
& 4th
T'ks.
Total
Track.
Baltimore and New York RR. .
Scliuylkitt River East Side RR.
Main Line
M.
5.30
3.80
0.50
5.40
0.40
0.50
0.40
M.
7.40
(X70
"6.40
M.
9.92
31.00
.50
10.86
1.10
.50
.89
Monongahela Division
Pittsburgh Division.
Cumb. & Penn. RR., Trackage.
Pittsburgh & Connellsville RR.
Berlin Branch
M.
31.20
3.50
146.70
8 00
M.
3.50
105.80
M.
56.90
7.00
362.03
10.92
17.58
5.03
1.37
1.30
2.17
59.26
22.69
13.50
18.85
75.85
1.00
8.34
13.36
2.17
99.03
3.13
Stock Yard Branch
Delaware Branch
Point Breeze Branch
Salisbury RR
9 10
Oregon Avenue Extension . . .
Suyder Avenue Branch
Total S. R. E. S. RR
Grassy Run Extension
Hocking Extension
2.50
1.10
11.00
36.80
2.40
3.02
2.80
14.30
52.60
4.00
13.90
36.80
51.10
44.85
102.00
2.40
3.11
2.80
17.45
121.71
4.24
1.60
1.37
Flag Run Branch
2 17
Philadelphia Division.
Baltimore and Philadelphia R.R
('rum Creek Branch
Market Street Branch
South Wilmington Branch . . .
Landenberg Branch
Philadelphia Branch
Somerset and Cambria RR
45.10
Confluence and Oakland RR . .
Ohio and Bait. Sh. Line, E. Div.
Fayette County RR
Fairm't, Morgimt'u & Pitts. RR.
Redstone Branch
19.70
9.30
11. 8(
56.60
1 00
Smithfleld & Masontown RR. . .
Mt. Pleasant and Broadford RR.
Hickman Run Branch
7.91
9.70
2.10
Lancaster, Cecil & South. RR.
Highlandtown Branch
Total Philadelphia Division
Main Line and Branches.
Baltimore Belt RR
Main Line B. & O. RR
0.90
Wheeling, Pirtsb. & Bait. RR..
Adamsburg Branch
63.93
1.73
118.42
7.16
379.80
5.60
1.50
2.00
5.46
87.90
9.08
347.68
5.60
1.50
256.68
18.71
1,035.06
30.26
3.00
2.43
15.41
3.42
1.48
14.29
79.84
2.25
6.21
29.55
36.71
23.95
6.92
17.00
1.78
4.48
1.07
152.99
49.00
8.23
4.18
6.43
1.40
1.10
Total Pittsburgh Division . .
Middle Division.
Central Ohio RR
St. Clairsville RR
403.24
137.30
6 53
109.30
38.80
724.58
281.41
7.95
19.29
184.71
53.44
5.61
1.40
81.63
Caraden Cut-off
South Baltimore Branch
Curtis Bay Branch
Eastern Ohio RR
Sandusky, Man^f'd & New. RR.
Ohio Midland RR
Rock Run Branch
16 92
116.25
43. 8(
2.84
4.63
Patuxent Branch
1 30
C., C., C. & St. L., Trackage. . .
Colum. & Cincin. Midland RR.
Total Middle Division
69! SO
Alexandria Branch
12.50
42.80
2.25
3.50
24.20
32.00
20.38
5.95
16.00
1.38
3.12
0.78
103.30
42.00
4 73
,2!.'41
Metropolitan Southern RR
Frederick Branch
Washington County R R
Winchester and Potomac RR...
Winchester and Strasburg
Berkeley Sp'gs & Potomac RR.
South Branch RR
Imperial Coal and Coke Branch
Raccoon Valley Branch
Gorman Extension
Parkers burg Branch
394.90
262.60
0.08
43.43
70.78
635.44
479.68
0.08
12.54
4.44
22.40
107.93
0.53
39.92
Northwestern Division.
Bait. & Ohio & Chicago RR
Rock Island Connection
C., R. I. & P. Ry., Trackage. .
Forest Hill Line
6.27
2.22
11.20
76.13
0.53
6.27
2.22
11.20
15.63
C. T. T. RR., Trackage. . . .
Akron & Chicago Junction RR.
Akron Loop Line
::«j
Cleve., Woos. & Musk. Vy. RR.
Total Northwestern Div —
Southwestern Division.
B. &O.S. W.RR
Marietta Branch
36.26
Grafton and Belington RR
Hackers Run Branch
395.29
528.85
11.09
106.10
30.55
667.52
816.19
14.65
80.53
24.12
62.34
9.14
13.08
271.33
1.20
Ft. PI., Buck. & Tygarts Vy. RR.
Burnersville Branch
Parkeri-burg Bridge
Benwood Bridge
Total Main Line and Bre. . .
Washington Branch
4.18
5.12
1.40
1.10
55 43
731.01
31.00
4.50
101 .99
9 03
387.79
31.00
.1 ....
1,557.15
76.45
5.76
118.87
9.44
9.47
50.44
5.55
Hillsboro Branch
21.43
Louisville Branch
New Albany Branch
Bedford Branch
53.31
7.46
11.40
Bay Ridge and Annapolis RR. .
West Virginia and Pittsb. Div.
Main Line W. V. & P. RR
Cherry Extension
Springfield Branch
C., C., C. & St. L., Trackage ...
Total Southwestern Div
Total East of Ohio River. . .
Total West of Ohio River . .
Grand Total
228.25
1.20
918.42
30.55
1 ,282.58
Forks of Cherry Extension . . .
Pickens Branch
Sutton Branch
Total W. Va. & Pittsb. Div.
9.47
50.44
5.55
1,512.15
1,708.61
629.89
180.08
2,926.06
2,595.54
176.48
193.77
3,220.76
809.97
5,521.60
2. History. — The Baltimore and Ohio RR. Co. was chartered in Maryland on Feb. 28,
1827, and in Virginia on March 8, 1827. The construction of the road was begun on July 4,
46 POOKS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
1828, aud the main line was opened throughout on Jan. 1, 1853. A sketch of the development
of the system is in the MANUAL for 1898, page 298, and a review of the financial operations
of the company, covering the period from Sept. 30, 1884, to June 30, 1895, is in the MANUAL
for 1896, page 376. In Feb. 1896, the company became insolvent, being unable to meet
interest of about $400,000 maturing on its bonds, in consequence of which receivers were
appointed on March 1, 1896. The company owned in fee simple 513 miles of main line and
branches. In addition to its mileage owned and about 1,750 miles of leased and proprietary
roads, the results from whose operation were included in its income account, the company
operated, as agent for the owners, the Bay Ridge and Annapolis RR., the Berkeley Springs
and Potomac RR. and the Salisbury RR., and controlled the operation of, but did not directly
operate, the Baltimore and Ohio Southwestern Ry., the Cleveland Terminal and Valley RR.,
the Monongahela River RR., the Pittsburgh and Western Ry., the Sharpsville RR., the
Staten Island Ry., the Staten Island Rapid Transit RR., the Valley RR. and the West Vir-
ginia and Pittsburgh RR. The Pittsburgh Junction RR., connecting the Baltimore and Ohio
Hues with those of the Pittsburgh and Western Ry., was operated in harmony with the system,
but was strictly an independent road. The receivership covered all lines operated directly by
the Baltimore and Ohio RR. Co., but not those operated by their own organizations. Separate
receivers were appointed afterwards for some of these. The Baltimore and Ohio receivers
were in possession for more than three years, and practically renewed the road and its equip-
ment. Meanwhile a plan of reorganization had been agreed upon by the various parties in
interest, and was carried through without foreclosure. The property was restored to the
company on July 1, 1899. In the reorganization the proprietary and leased lines now covered
by the company's prior lien and first mortgages were practically absorbed, all their securities
and debts being acquired by the company and deposited under the mortgages named. The
so-called Central Ohio system of railroads (Central Ohio RR., Columbus and Cincinnati Mid-
land RR., Newark, Somerset and Straitsville RR. and Sandusky, Mansfield and Newark RR.)
were not included in the reorganization of the parent company, but a majority of their securi-
ties, and a majority of the capital stock of the Pittsburgh Junction RR. Co., were acquired by
the reorganized company and deposited as security under its Pittsburgh Junction and
Middle Division mortgage. Provision was made in that mortgage for the acquision of all the
securities of the companies named and for the improvement of the properties covered thereby.
The reorganized company also acquired the securities of the Baltimore and Ohio Southwestern
RR. Co. (a reorganization of the Baltimore and Ohio Southwestern Ry. Co.) and deposited
them under its Southwestern Division mortgage. An outline of the plan of reorganization of
the Baltimore and Ohio RR. Co. is in the MANUAL for 1898, page 1378 et seq., and abstracts of
it and of the supplements under which were issued the Pittsburgh Junction and Middle Divi-
sion bonds and the Southwestern Division bonds are in the MANUAL for 1899, pages 64 and
65. The Ohio Central system (but not the Pittsburgh Junction RR.) was taken over for opera-
tion on July 1, 1899. The operation of the Baltimore and Ohio Southwestern RR. was not
assumed until July 1, 1900.
Besides acquiring the Baltimore and Ohio Southwestern RR., the reorganized company
purchased the capital stocks of the Monongahela River RR. Co. aud West Virginia and Pitts-
burgh RR. Co., two other of the affiliated companies, assuming the direct operation of the
West Virginia and Pittsburgh RR. on Sept. 1, 1899, and of the Monougahela River RR. on
April 1, 1900. The Eastern Ohio RR., a line not previously embraced in the system, was ac-
quired as of July 1, 1899. The Pittsburgh and Western RR., still another of the affiliated roads
and which was controlled by the reorganized company, was sold under foreclosure of its second
mortgage on Oct. 9, 1901, and was purchased by representatives of the Baltimore and Ohio
RR. Co. It has been reorganized as the Pittsburgh and Western Ry. The control of this road
carries with it the ownership of the Ellwood Short Line RR. and Trunibull aud Mahouing
RR. and the control of the Pittsburgh, Cleveland and Toledo RR. and Pittsburgh, Painesville
and Fair port RR.
During the year 1901 the Baltimore and Ohio RR. Co. acquired control of the Cleveland,
Lorain and Wheeling RR. Co., the Ohio River RR. Co. (including Huntington and Big Sandy
POOR'S MANUAL — BALTIMORE AND OHIO RR. CO. 47
RR. Co., Ravenswood, Spencer and Qlenville BE. Co. and Ripley and Mill Creek Valley BB.
Co.), the Ohio and Little Kanawha BB. Co. and the West Virginia Short Line RR. Co. The
four Ohio River roads and the West Virginia Short Line were taken over for operation by the
Baltimore and Ohio RB. Co. on August 1, 1901; the Ohio and Little Kanawha RR. was taken
over for operation on Jan. 1, 1902; the Cleveland, Lorain and Wheeling RR. and the Pitts-
burgh and Western system were taken over for operation on Feb. 1, 1902. On the last-
mentioned date the Baltimore and Ohio RR. Co. also assumed the operation of the Cleveland
Terminal and Valley RR. and of the Pittsburgh Junction RR.
Since the reorganization the company has constructed the following lines : Smithfield and
Masontown RR., 7.91 miles, opened April 1, 1900 ; Cherry Extension of the West Virginia
and Pittsburgh RR., 9.03 miles, opened July 1, 1900 ; Imperial Coal and Coke Co.'s Branch,
1.38 miles, opened Nov. 1, 1900 ; Point Pleasant, Buckhannon and Tygarts Valley RR., 9.3
miles— Burnersville Branch opened on Jan. 1, 1901, and main line on June 1, 1901 ; Raccoon
Valley Branch, 3.12 miles, and Gorman Extension, 0.78 mile, both opened on March 1, 1901 ;
Forks of Cherry Extension of the West Virginia and Pittsburgh RR., 9.47 miles, opened
May 1, 1901 ; and Adamsburg Branch, 1.73 miles, opened in June, 1901. The Imperial Coal
and Coke Branch, the Baccoon Valley Branch, the Gorman Extension and the Adamsburg
Branch are covered by the prior lien and first mortgages of the Baltimore and Ohio RR. Co.,
and their cost is included in the company's construction account. The cost of the other lines
is included in the item " Cost of Other Roads owned by B. & O." (see Sec. 13; also Sec. 14a).
3. Issue of Convertible Debentures and Increase of Capital Stock.— To provide the
means for new construction and improvements the company under date of March 1, 1901,
issued $15,000,000 of 4 p. c. debenture bonds, convertible into common stock at par on March
1, 1902, or on any interest day thereafter. These debentures were offered to the stockholders
at par, and subscriptions aggregating $8,303,920 had been paid up at the close of the fiscal
year. By resolutions adopted at a meeting of the board of directors, held July 2, 1901, the
privilege of converting the debentures was so amended that it might be exercised on and
after Sept. 12, 1901, and to provide for the conversion the authorized common stock was in-
creased from $45,000,000 to $60,000,000. Up to Jan. 1, 1902, the amount of debentures
converted was $8,459,000, leaving $6,541,000 outstanding.
On Jan. 1, 1902, the amount of paid-up capital stock was as follows :
Preferred stock $60,000,000
Less, amount reserved to retire unpresented prior liens 773,000— $59,227,000
Common stock 60,000,000
Less amount reserved to retire outstanding convertible debentures 6,541,000— 53,459,000
Total capital stock issued as fully paid $112,686,000
By resolution adopted on Nov. 14, 1901, the authorized common stock was increased to
$100,000,000, the stockholders of the company, both common and preferred, being offered the
privilege of subscribing at par. between Dec. 24 and Dec. 31, 1901, for new common stock to
the amount of 20 p. c. of their holdings. The stock thus subscribed for, amounting to $22,-
537,200, was issued in Jan., 1902, the proceeds being used to pay for the interest already ac-
quired in the Cleveland, Lorain and Wheeling BB., in the four Ohio Biver roads, in the Ohio
and Little Kanawha BB., in the West Virginia Short Line BB. and in the Pittsburgh and
Western system. The balance of the $40,000,000 increase is reserved to acquire the remain-
ing stocks of those roads, to discharge all floating debts against them and to provide for nec-
essary improvements.
4. Pittsburgh, Lake Erie and West Virginia System Refunding Mortgage.— For the
purpose of consolidating and refunding the bonded indebtedness secured on the roads named
in the preceding paragraph and on the Cleveland Terminal and Valley BB. , Monongahela
Biver BR. and West Virginia and Pittsburgh BR., as well as to retire the Pittsburgh Junc-
tion and Middle Division bonds and to provide for improvements, equipment, etc., there was
authorized by resolution adopted Nov. 14, 1901, an issue of not exceeding $75,000,000 of 4
p. c. 40-year gold bonds ; $20,000,000 of these bonds have been sold and their proceeds used
.in paying for $21 ,845,050 of underlying bonds, which have been deposited under the mort-
48
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
The rest of the issue is reserved, as to $40,000,000 thereof for the retirement of $38,-
911,430 of outstanding old securities, and as to $15,000,000 for extension and betterments.
5. Rolling Stock and Marine Equipment, B. & 0. and B. & O. S. W. RRs., June 30, 1901 :
B. &
O.
RR.
B.&O.
S.W.
RR.
Total.
B. &
O.
RR.
B.&O.
S.W.
RR.
Total.
B. &
O.
RR.
B.&O.
S.W.
RR.
Total.
LOCOMOTIVES :
Electric Motors.
Steam Engines.
Totals
4
1,120
4
1,347
FREIGHT CARS :
Box
21,250
7,423
2,998
13,156
2,998
26
8,199
2,371
29,449
9,794
2,998
13.156
MARINE
EQUIPMENT :
Tug Boats. .. .
10
10
2
34
3
2
45
1
42
227
Gondola
Gondola (steel)..
Hopper Gondola
H.Gond'la (steel)
Iron Coal
Steam Lighters.
Barges
2
34
1,124
10
371
89
14
71
14
61
31
15
1
227
1,351
10
482
113
19
85
14
104
39
18
1
35
Spare Tenders .
PASSENGER
CABS.
Coaches
2,998
26
884
1,259
144
316
572
1
43
34
31
662
Car Floats
Pile Drivers
Canal Boats
Wharf Boat....
Lighters. ,,,. .
3
2
45
1
42
111
24
5
14
Side Dump
Plat
641
646
243
613
144
90
96
Furniture
Combination...
Dining
Express
Stock
226
476
1
Total.
Refrigerator
Barrel
Exp. Refriger'r.
Baggage
Tank
43
34
31
554
23
8
3
Eastman Heater
Logging . . ,
Mail & Baggage
Officers'
Caboose
108
Totals
Postal
21
14
50,503
1,053
52,264
11,864
196
12,262
62,367
1,249
64,526
Totals. .
SERVICE CARS.
ALL CARS
708
202
910
139
139
The Baltimore and Ohio equipment embraces only that absolutely owned by the com-
pany, and does not include 10 locomotives, 25 passenger coaches, 3 parlor and dining cars
and 4,250 freight cars leased from the Southwestern Equipment Co. All the stock of the
Southwestern Equipment Co. is owned by the Baltimore and Ohio RR. Co., and represents
the actual cost of the above equipment.
6. General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures $5,721,695 37
Maintenance of Equipment. .. 6,104,309 50
Conducting Transportation. . . 16,609,910 98
General Expenses 2,610,314 68
Total ($9,652.89 per mile) $31,046,23053
Earnings— Passenger $9,054,601 53
Freight 35,553,871 87
Mail and Express 2,133,091 46
Miscellaneous 372,865 71
Total ($14,648.82 per mile) $47,114,430 57
Net Earnings (34.11 p. c.) $16,068,200 04
Dividends and Interest Received 589,168 04
W. U. Telegraph Co. Annuity 60,000 00
House Rents and Miscellaneous Receipts. 207,625 38
Total $16,924,99346
Net Earnings, Washington Branch.......
Interest, Rentals and Taxes (secjSec. 6a) .
Miscellaneous Improvements. .
Preferred Dividends (see Sec. 6b)
Common Dividends (see Sec. 6b)
Discount and Commission, Securities Sold
Additions and Improvements
Total . . .
$168.364 57
9,119,016 63
240,932 19
2,400,000 00
900,000 00
207.695 05
2,500,00000
$15,536,008 44
Unappropriated surplus, $1,388,985.02; surplus to June 30, 1900, $633,739.16— total,
$2,022,724.18. Deduct for adjustments (net balance), $316,005.11. Surplus June 30, 1901,
$1,706,719.07.
6a. Details of interest charges, rentals, taxes, etc. , for the year ending June 30, 1901 :
Interest on Bonds ($7,641,345.36):
Prior Lien Bonds— 3£ p. c. on $70,000,000 for 1 year
First Mortgage Bonds— 4 p. c. on $64,500,000 for 1 year, and on $1,500,000 for 11 months and 29
days
Pittsburgh Junction and Middle Division Bonds— 3} p. c. on $11,309,830 for 1 year, and on
$2,500,700 for 8 months
Southwestern Division Bonds — 3£p.c. on $41, 000,000 for 1 year, and on $1,000,000 for 11 months.
Convertible Debentures— Proportion of interest at 4 p. c. per annum, for 4 months, chargeable
to income
Loan of 1853, Extended— 4 p. c. on $125,000 for 3 months, on $123,000 for 6 months, and on $120,-
000 for 3 months
Baltimore and New York Ry. Co. Bonds— 5 p. c. on $350,000 for 1 year
Schuylkill River East Side RR Co. Bonds— 5 p. c. on $4,500,000 for 1 year
Pitts-burgh and Connellsville RR. Co. Bonds— 4 p. c. on $69,000 for 1 year
Central Ohio RR. Co. Bonds — 4J p. c. on $1,009.000 for 1 year
Sandusky, Mansfield and Newark RR. Co. Bonds— 7 p. c. on $638,000 for 1 year
West Virginia and Pittsburgh RR. Co. Bonds— 4 p. c. on $4,000,000 for 1 year
Monongahela River RR. Co. Bonds— 5 p. c. on $700,000 for 1 year
(.Continued on next page.")
$2,450,000 00
2,639,833 33
454,193 70
1,467,083 33
95.00000
4,910 00
17,500 00
225,00000
2,760 00
45,40500
44,66000
160,00000
35,00000
POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.
49
Brought forward $7,641,345 36
Car Trust Interest : Miscellaneous Car Trusts— 5 and 6 p. c. for sundry periods
General Interest and Discount
Winchester and Strasburg RK. Rental.
Chicago Terminals
Ground Rents
Taxes
37,161 52
198,072 93
2,98400
208,157 70
60,79080
970,504 32
Total $9,119,016 63
6fo. Dividends. — The dividends on preferred stock, Nos. 3 and 4, 2 p. c. each, were paid,
respectively, on April 1 and Sept. 3, 1901. Dividend No. 3 on common stock, 2 p. c. , was
paid on Sept. 3, 1901.
7. Statement showing the traffic operations and income of the entire system for the fiscal
years ending June 30, 1900 and 1901. The statistics of the Schuylkill River East Side RR.
and of the Baltimore and Ohio Southwestern RR. are included for the entiretwoyeart ; those
of the West Virginia and Pittsburgh RR., since Sept. 1, 1899 ; and those of the Mononga-
hela River RR. since April 1, 1900 :
1900
1901
1900
1901
Miles of Road Operated
3,199.88
11,220,081
18,570,571
3,220.76
11,347,085
18,700,632
Net Earnings.
$
14,836,080
434,525
60,000
167,435
$
16,068,200
589,168
60,000
207,625
Freight Train Mileage
Dividends and Interest
Total Revenue Train Mileage
W U Annuity
29,790,652
47,845,499
11,665,862
458,760,150
31,895,143
6,795,539,651
$
8,433,778
31,581,528
2,026,241
438,662
30,047,717
49,279,212
11,660,900
458,294,750
,33,528,513
7,140,897,000
$
9,054,602
35,553,872
2,133,091
372,866
Rents and Miscellaneous
Totals, Net Income
15,498,040
182.440
908,802
7,475,170
14,091
2,400,000
1,673,560
293,365
2,540,231
16,924,993
1(]8,364
970,505
8,148,512
240,932
2,400,000
900.000
207,695
2,500,000
Net Earnings, Wash. Br
Taxes
Freight (tons) Moved
Interest and Rentals
Miscellaneouslmprovements. .
Preferred Dividends
Freight (ton) Miles
Earnings — Passenger . . .
Common Dividends
Discount and Commission ....
Additions and Improvements .
Total Deductions
Freight
Mail and Express. .
Miscellaneous
15,487,659
10,381
13,275 07
8,638 79
4,636 28
65.07 p. c.
1.84 c.
0.46 c.
15,536,008
1,388,985
14,627 27
9,638 69
4,988 58
65.90 p. c.
1.98 c.
0.50 c.
Totals
42,480,209
4,750,170
5,083,762
15,504,038
2,306,159
47,114,431
5,721,695
6,104,310
16,609,911
2,610,315
Gross Earnings per Mile
Expenses— Maint. Way, etc...
Maint. Equip
Operating Expenses per Mile. .
Net Earnings per Mile
Transportation
General
Expenses to Earnings
Totals
Aver. Rate per Pass, per Mile.
Aver. Rate per Ton per Mile. .
27,644,129
14,836,080
31,046,231
16,068,200
Net Earnings . .
In the MANUAL for 1901, on page 47, there is a statement of the operations and income
of the Baltimore & Ohio RR. (exclusive of the Baltimore and Ohio Southwestern RR.) for the
fiscal years 1894 to 1900, inclusive.
8. General Balance Sheet, E. <fe 0. RR. Co., June 30, 1901.
Cost of Road, including Bonds and
Stocks Pledged with Trustees as Secur-
ity for Funded Debt Issued $236,279,555 70
Rolling Stock 30,306,883 68
Marine Equipment 718,988 72
Gas and Electric Plants 655,383 08
Real Estate 12,229,861 57
Cost of Other Roads Owned by B. & O. 12,765,473 00
New Securities to Retire Old Ones 308,344 90
Total Capital Assets $293,264,490 65
Bonds of Sundry Companies 14,105,26028
Stocks of Sundry Companies 12,609,959 02
Materials on Hand 3,282,162 77
Miscellaneous Assets 2,051,652 13
Cash on Hand and in Banks 4,616,512 85
Current Accounts and Balances 8,923,26364
Total Assets
4
. .$338,853,301 34
Capital Stock— Preferred 59,361,267 31
Common 45,000,000 00
Funded Debt Issued 200,114,450 00
Old Securities not Deposited under Plan 176,411 00
Bonds of Other Companies Assumed 9,200,000 00
Ground Rent Liens.Capitalized at 6 p. c. 883,274 34
Real Estate Mortgages 772,904 14
Car Trust Bonds and Lease Warrants... 85,390 98
Monongahela River Car Trusts Assumed. 441,500 00
Total Capital Liabilities $316,035,197 77
Due to Railroads in General Account... 150,187 17
Due to Wash. Br. including Annuities.. 1,216,606 23
Div. and Int. Prior to July 1, 1898 25,700 85
Current Liabilities 14,160,877 89
Accrued Interest 3,081,186 48
Accrued Taxes 376,875 88
Dividends Declared, not yet paid 2,100,000 00
Profit and Loss 1,706,719 07
Total Liabilities $338,853,301 34
50 POOR'S MANUAL OF BAILROADS — MIDDLE ATLANTIC GROUP.
9. Capital Stock.— The amount of capital stock authorized is $160,000,000, consisting of
$60,000,000 of preferred stock and $100,000,000 of common stock, in shares of $100 each. There were out-
standing on June 30, 1901, $59,281,314.15 of preferred stock and $44,880,805.81 of common stock; held to
redeem old securities not deposited under the B. & 0. plan, $28,497.90 of preferred stock and $13,577 of
common stock; held to redeem old securities not deposited under the Middle Division plan, $638,732.69 of
preferred stock; held to redeem old securities not deposited under the Southwestern Division plan, $51,455.26
of preferred stock and $105,617.19 of common stock. The amount of preferred stock in the balance sheet
includes the reserves for old securities of the B. & O. RR. and of the B. & 0. S. W. RR., not deposited,
but does not include the reserve for undeposited Middle Division securities. The amount of common
stock in the balance sheet includes the reserved amounts for redemption of undeposited old securities.
The amount of capital stock outstanding on March 1, 1902, was $135,223,200, consisting of $59,227,000 of
preferred stock and $75,996,200 of common stock (see Sec. 3).
The preferred stock has priority over the common stock for non-cumulative dividends at the rate of
4 p. c. per annum, but is not entitled to any further share of the yearly net profits. Under the plan
of reorganization both classes of the capital stock were deposited in a voting trust, but the trust was
dissolved on Sept. 12, 1901.
10. Funded Debt.— The following statement shows as of June 30, 1901, the details of funded
debt issued or assumed by the company. Additional particulars respecting any of the bonds will be found
in the paragraph relating thereto appended to the statement; and the details of funded debt outstanding
on or about Aug. 1, 1902, will be found in the Ready Reference Bond List— see General Index:
Bonds Issued ($200,114,450).
$70,000,000 prior lien gold 3£s of July 1, 1925.
66,000,000 1st mtge. gold 4s of July 1, 1948.
13,810,530 Middle Div. gold 3is of Nov. 1, 1925.
42,000,000 Southwestern Div. gold 3Js of July 1, 1925.
8,303,920 conv. deb. gold 4s of March 1, 1910.
Bonds Assumed ($9,389,500).
$120,500 B. & O. ext'd gold 4s of Oct. 1, 1935.
69,000 P. & C. ext'd 4s of July 1, 1946.
700,000 M. R. RR. 1st gold 5s of Feb. 1, 1919.
4,000,000 W. V. & P. RR. 1st gold 4s of April 1, 1990.
4,500,000 S. R. E. S. RR. 1st gold 5s of Dec. 1, 1935.
PRIOR LIEN GOLD BONDS.— Amount issued, $70,000,000; amount outstanding on June 30, 1901, $69,766,595.
Of the unissued balance, $907.50 represented an unsold fraction of surplus bonds, and $232,497.50, part
of the amount reserved for the retirement of the old extended 4s of the B. & O. RR. Co. and of the
P. & C. RR. Co. and to take up $37,000 of other undeposited old bonds. The bonds are secured by first
mortgage on the Imperial Coal and Coke Branch, on the Raccoon Valley Branch and on the Gorman
Extension, and by deposit of all underlying securities they are practically a first lien on the main stem and
branches, on the South Branch, the Parkersburg Branch, the Washington County, the Berkeley Springs
and Potomac, the Metropolitan Southern, the Grafton and Belington, the Pittsburg and Connellsville, the
Salisbury, the Berlin Branch, the Somerset and Cambria, the Eastern Division of the Ohio and Baltimore,
the Fayette County, the Mount Pleasant and Broad Ford, the Redstone Branch, the Wheeling, Pittsburgh
and Baltimore and the Confluence and Oakland RRs., besides having the collateral security of two-thirds
of the capital stock of the Washington Branch RR. Co. Aside from small amounts of old loans, which
were declared due and payable in the reorganization, but which have not been presented for redemption,
the only securities outstanding on the properties covered by this mortgage are $120,500 extended 4s of
1935 and $69,000 P. & C. extended 4s of 1946. All other underlying securities are deposited under the
mortgage. The mortgage is also a lien on all the equipment now owned or hereafter acquired by the
company, except such as may be acquired with the proceeds of 1st mtge. bonds, Middle Division bonds
or Southwestern Division bonds. The right is reserved in the mortgage to issue after Jan. 1, 1902, not to
exceed $5,000,000 additional of prior lien bonds, at not exceeding the rate of $1,000,000 a year, for the
enlargement, betterment or extension of the properties covered by the mortgage.
FIRST MORTGAGE GOLD BONDS.— Amount issued, $66,000,000; amount outstanding June 30, 1901, $65,965,-
765. Of the unissued balance, $462.50 represents an unsold fraction of surplus bonds and $33,772.50, part
of the reserve for redemption of the old extended 4s of the B. & 0. RR. and of the P. & C. RR. and for
taking up $42,500 of other undeposited old securities. The bonds are secured by first mortgage on the
Philadelphia, Sparrows Point and Highlandtown Branches, 55.1 miles, and on the property formerly covered
by the B. & p. terminal mortgage (see Manual for 1899, page 60). By deposit of all underlying securities
they are practically a first lien on the Baltimore and Ohio and Chicago RR., Akron and Chicago Junction
RR., Cleveland, Wooster and Muskingnum Valley RR., Baltimore and Philadelphia RR., Lancaster, Cecil
and Southern RR. and Fairmont, Morgantown and Pittsburgh RR., a total of 498.74 miles of road. They
are also secured on the properties covered by the prior lien mortgage, but subject thereto. The amount
authorized is $165,000,000, of which $75,000,000 can be issued only for the retirement of the prior lien
bonds and $27,000,000 only for additions and betterments, this amount to be issued at the rate of $1,500,000
a year for the four years ending July 1, 1903, and at the rate of $1,000,000 a year thereafter.
PITTSBURGH JUNCTION AND MIDDLE DIVISION BONDS. — Secured by a mortgage which it is contemplated
will be ultimately a first lien on the properties of the Central Ohio RR. Co., Ohio Midland RR. Co., Columbus
and Cincinnati Midland RR. Co., Sandusky, Mansfield and Newark RR. Co., Pittsburgh Junction RR. Co.,
and Pittsburgh Junction Terminal Co., or upon the securities representing the ownership of such
•properties. All of those securities, except as noted hereafter, have been deposited under the mortgage.
The amount of bonds .authorized by the mortgage is $20,000,000. Bonds amounting to $2,500,000 issued for
additions and betterments, are held in the treasury of the company, and $3,689,470 additional are held for
the redemption of the following undeposited underlying bonds: $1,009,000 Central Ohio RR. 1st mtge. 4j p. c.
gold bonds of Sept. 1, 1930; $638,000 Sandusky, Mansfield and Newark RR. 1st mtge. 7 p. c. bonds of
July 1, 1909; $2,000 Columbus and Cincinnati Midland RR. 1st mtge. 4J p. c. bonds of Jan. 1, 1939:
$959,000 1st mtge. bonds and $270,000 2d mtge. bonds of the Pittsburgh Junction RR. Co,, and $219,000
1st mtge. bonds of the Pittsburgh Junction Terminal Co. The B. & O. RR. Co. pays the interest on the
bonds of the Central Ohio RR., Sandusky, Mansfield and Newark RR. and Columbus and Cincinnati Mid-
land RR., but not on the bonds of the Pittsburgh Junction RR. and Pittsburgh Junction Terminal
Co. In addition to the undeposited bonds before named there are outstanding on the properties covered
by the mortgage $1,000 preferred stock and $15,245.84 common stock of the Central Ohio RR. Co. and
$845,150 common stock of the Pittsburgh Junction RR. Co. In the mortgage securing the Pittsburgh, Lake
Erie and West Virginia system refunding bonds (see Sec. 12) provision is made for the retirement of these
bonds and for including the properties covered thereby under that mortgage.
SOUTHWESTERN DIVISION GOLD BONDS. — Secured by a mortgage which it is contemplated will be
ultimately a first lien on the properties embraced in the Southwestern Division of the Baltimore and Ohio
RR. The $4,000,000 capital stock and the $41,000,000 1st mtge. 3J p. c. bonds of the Baltimore and Ohio
Southwestern RR. Co. are deposited with the trustee under the mortgage pending the acquisition of full
title to the properties. The amount of bonds authorized by the mortgage is $45,000,000, of which $4,000,000
can be issued only for betterments and additions and at the rate of not exceeding $1,000,000 a year.
POOR'S MANUAL— BALTIMORE AND OHIO RR. CO.
51
GOLD CONVERTIBLE DEBENTURES.— The total issue of these was $15,000,000, the amount given in the
statement of funded debt representing the paid installments down to the date of the statement. The
company reserves the right to redeem all or any part of the issue on March 1, 1902, or any interest day
thereafter, at par and accrued interest. Any debentures, whether called for redemption or not, may be
converted into common stock at par, provided the company receives at least thirty days' written notice.
B. & O GOLD EXTENDED LOAN.— Secured by first mortgage on the main stem of the B. <fc 0. RR., from
Baltimore Md., to Wheeling W. Va., 379.80 miles. There are reserved for the redemption of the $120,500
bonds outstanding $123,512.50 in prior lien 3J p. c. bonds, $15,062.50 in 1st mtge. 4 p. c. bonds and
$16,870 in preferred stock.
iLP'^.Cu Go^D E*TEN'DED LOAN.— Secured by first mortgage on the main line and Hickman Run Branch
of the Pittsburgh and Connellsville RR. There are reserved for the redemption of the $69,000 bonds out-
standing, 170,726 in prior lien 3J p. c. bonds, $8,625 in 1st mtge. 4 p. c. bonds and $2,760 in preferred stock
of the B. & O. RR. Co.
MONONGAHELA RIVER FIRST MORTGAGE GOLD BONDS.— Secured on the line from Fairmont to Clarksburg
\\. \a., 31.2 miles. In the mortgage securing the Pittsburgh, Lake Erie and West Virginia System
refunding bonds (see Sec. 12) provision is made for the retirement of these bonds and for including under
that mortgage the property they cover.
WEST VIRGINIA AND PITTSBURGH FIRST MORTGAGE GOLD BONDS.— Secured on the property of the
W. V. & P. RR. Co. (see statement in Sec. 19), including 134,842 acres of timber, coal and mineial lands
in West Virginia. The bonds are subject to redemption by the B. & O. RR. Co., until April 1, 1904, at par
and accrued interest. They are assumed, and the interest on them at the rate of 4 p. c. per annum is
guaranteed, by the B. & O. RR. Co. In the mortgage securing the Pittsburgh, Lake Erie and West
Virginia System refunding bonds (see Sec. 12) provision is made for the retirement of these bonds and for
including under that mortgage the properties they cover.
SCHUTLKILL RIVER EAST SIDE FIRST MORTGAGE GOLD BONDS. — Secured on the property of the
S. R. E. S. RR. Co. (see statement in Sec. 20). The interest on the bonds is guaranteed at the rate of
5 p. c. per annum by the B. & O. RR. Co. That company has the right, until Dec. 1, 1903, to purchase
the entire issue of bonds at 110 p. c. and accrued interest, on 30 days' notice, and agrees to assume the
payment of them when due if they are not so purchased.
11. Undeposited Old Securities.— The following statement shows in detail the old securities
not deposited under the plan of reorganization of the Baltimore and Ohio RR. Co. and the supplements
thereof, on June 30, 1901:
Baltimore and Ohio Plan.
BONDS (total, $239,000).
A— Alive ; assumed by the B. & 0. RR. Co.
B. & O. Extended 4s. . .
Pitts. & Conn. Extended 4a. . . .
-B — Declared due and payable^ but not pre-
sented for redemption.
B. & O. Consolidated 5s. ..
B. & O. £ Loan, 1872
B. & O. £ Loan, 1874
B. & O. Parkersburg Branch
B. & O. Loan, 1885
B. <fe O. Phila. Division 4*»
B. & O. Terminal 4ls
Washington City and Point Lookout
120,50000
69,00000
10,00000
7,00000
1,00000
10,00000
9,00000
5,00000
50000
7,00000
STOCKS (total, $6,827).
B. & 0. 1st Preferred 1,500 00
B. & O. 2d Preferred 250 00
B. & O. Common 5,07700
Total, B. & O. Plan *245,82700
Pitts. June, and Middle Div. Plan.
BONDS (total, $3,097,000).
A— Interest paid by B. & 0. RR. Co. $
Central Ohio 4js 1,009,000 00
Sandusky, Mansfield xnd Newark 7s 638,00000
Columbus and Cincinnati Midland 4£s 2,000 00
K— Interest not paid by B. <$• 0. RR. Co.
Pittsburgh Junction 1st 959,000 00
Pittsburgh Junction 2d 270,00000
Pittsburgh Junction Terminal 219,000 00
STOCKS (total, 8861,778).
Central Ohio Common 15,52800
Central Ohio Preferred 1,10000
Pittsburgh Junction Common 845,150 00
Total, Middle Div. Plan .3,958,778 00
B. & 0. Southwestern Plan.
BONDS (total, $262,900.40).
O. <fe M. Ry. 2d Consol. 7s 6,000 00
B. & O. S. W. Ry. 1st 41s 13,00000
B. & O. S. W. Ry. Series A Income 40,034 20
B. & O. S. W. Ry. Series B Income 200.866 20
Cin. & Bait. RR. 1st 7s 3,000 00
STOCK.
B. & O. S. W. Ry. Preferred .296,65332
Total, Southwestern Div. Plan .559,553 ^2
* It will be observed that the total amount not deposited under the B. & O. plan on June 30, 1901, is
greater by $69,416 than the amount given in the general balance sheet. This difference is due to the fact that
the $69,000 Pittsburgh and Connellsville bonds are not included in the balance sheet item and to the addi-
tional fact that £2,600 of sterling bonds valued in the preceding statement at five dollars to the pound
sterling are included in the balance sheet item at their exchange value.
12. Pittsburgh, Lake Erie and West Virginia System Refunding; Mortgage.—
Under date of Nov. 1, 1901, the company executed a mortgage in favor of the Union Trust Co., of New
York, as trustee, to secure an issue of 4 p. c. 40-year gold bonds to the amount of $75,000,000. Of these
bonds, $20,000,000 have been issued to pay for $21,845,090 of underlying bonds which have been deposited
under the mortgage, $40,000,000 are to be issued from time to time against further deposits of underlying
bonds, and $15,000,000 are reserved for extensions, equipment and betterments. The bonds mature on
Nov. 1, 1941, and the entire issue outstanding on Nov. 1, 1925 (but not any part thereof), may be called at
par and accrued interest on that day, or on any interest day thereafter, on three months' notice. The
bonds are for $1,000 each, in coupon form, with privilege of registration as to principal alone or of con-
version into fully registered bonds. Principal and interest are payable in gold, free of all taxes. The
mortgage covers the right, title and interest of the company, whether now owned or hereafter acquired,
in the companies named in the following statement. The following statement shows the mileage of rail-
road owned by the companies, the total amount of their stocks and bonds and the amount of such stocks and
bonds deposited under this mortgage or under mortgages which it is to replace:
52
POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Mileage.
CAPITAL STOCK.
FUNDED DEBT.
Total
Issue.
Amount
Deposited.
Total
Issue.
Amount
Deposited.
Pittsburgh ard Western RR
M.
217.36
2.80
77.11
11.38
53.00
82.01
192.30
72.04
16.92
212.66
10.92
32.50
13.00
60.00
31.20
157.98
$
13,500,000
300,000
3,000,000
500,000
1,050,000
6,676,050
13,000,000
2,085,500
300,000
5,915,430
71,000
237,525
95,990
3,003,000
1,300,000
3,397,663
$
13,500,000
300,000
1,505,000
500,000
1,019,300
5,548,050
9,370,400
1,393,500
300.000
5,880,800
71,000
130,150
58,000
3,000,000
1,300,000
3,397,500
$
13,500,000
300,000
4,000,000
350,000
1,250,000
5,515,000
6,843,000
228,000
9,699,000
Ellwoo'l Short Line RR .
Pittsburgh, Cleveland and Toledo RR . . .
Trumbnll and Mahoning RR
* 350,000
1,190,000
24,000
Pittsburgh, Painesville and Fairport Ry
Cleveland Terminal and Valley RR
Cleveland, Lorain and Wheeling Ry
Ohio and Little Kanawha RR
Eastern Ohio RR
Ohio River RR
4.941,000
400,000
376,000
50,000
3,000,000
700,000
4,000,000
13,810,530
2,500,000
2,300,000
2,000,000
300,000
1,740,000
500,000
Huntington and Big Sandy RR
97,000
Ravenswood, Spencer and Glenville Ry.
Ripley and Mill Creek Valley RR... .
West Virginia Short Line RR
3,000,000
Monongahela River RR .
West Virginia and Pittsburgh RR
B. & O., Pitts. June. & Mid. Div. 1st 3je
of 1925
7,635,050
1 1,491 ,000
t 1,662,000
t 1,998,000
1 300,000
t 51 1,000
1 281,000
t Central Ohio RR
143.80
116.20
69.80
46.70
6.92
2,860,629
1,094,287
3,000.000
300,000
1,940,000
2,843.282
1.092,758
3,000,000
300,000
1,094,850
t Sandusky, Mansfield and Newark RR
t Columbus and Cincinnati Midland RR
t Ohio Midland RR
t Pittsburgh Junction RR
t Pittsburgh Junction Terminal Co ....
1,626.60
63,624,074
55,604,590
68,603,530
28,238,050
* $150,000 deposited under the P. & W. RR. 1st mtge. and $200,000 under this mtge. t These are
deposited under the Pittsburgh Junction and Middle Division mtge., and when that is retired they will
be deposited under this mtge.
The mortgage will also cover all equipment, extensions and improvements made or acquired with the
proceeds of bonds secured by it, and all equipment acquired with the proceeds of Pittsburgh Junction and
Middle Division bonds. It is now practically a first Hen on the Trumbull and Mahoning RR., West Virginia
Short Line RR. and Eastern Ohio RR., and may be said to be subject only to the following outstanding
underlying bonds on the properties they cover:
$6,175,480 Pittsburgh Junction and Middle Div.
bonds of the B. & 0. RR. Co., due Nov. 1, 1925,
and secured as shown in the paragraph relating
thereto in Sec. 10.
1,OO9,OOO Central Ohio RR. 1st 4js of Sept. 1,
1930, secured on 143.83 miles of road, from Bel-
laire to Columbus, O.
2,OOO Columbus and Cincinnati Midland RR.
1st 4is of Jan. 1, 1914, secured on 69.8 miles of
road from Columbus to Midland City, O.
638,OOO Sandusky, Mansfield and Newark RR.
1st 7s of July 1, 1909, secured on 116.25 miles of
road, from Newark to Sandusky, O.
959,OOO Pittsburgh Junction RR. 1st 6s of July
1, 1922, secured on 6.92 miles of road in Pitts-
burgh, Pa.
27O,OOO Pittsburgh Junction RR. 2d 5s of July
1, 1922, secured on the same property as the 1st
mtge. bonds.
219,OOO Pittsburgh Junction Terminal Co. 1st
5s of Oct. 1, 1907, secured on terminal property
in Pittsburgh, Pa.
3,718,OOO Pittsburgh and Western Ry. 1st 4s of
July 1, 1917, secured on 214 miles of road owned
by the P. & W. Ry. Co., as shown on page 58,
Manual for 1901, and by deposit of $150,000 1st
mtge. bonds of the Trumbull and Mahoning RR.
Co.
83,OOO Pittsburgh, Newcastle and Lake Erie RR.
1st 4s of June 1, 1918, secured on 30 miles of
road from Etna to Zelienople, O.
3OO,OOO Elltcood Short Line RR. 1st 5s of Jan.
1, 1922, secured on 2.8 miles of road, from North
Sewickley to Rock Point, Pa.
2,4OO,OOO Pittsburgh, Cleveland and Toledo RR.
1st 6s of Oct. 1, 1922, secured on 77.11 miles of
road, from New Castle Junction, Pa., to Akron
Junction, O. The B. & O. RR. Co. has the privi-
lege of purchasing these bonds at 125 p. c. and
accrued interest on or before Feb. 1, 1903.
6O,OOO Pittsburgh, Painesville and Fairport RR.
1st $8 of July 1, 1916, secured on 58 miles of
road, from Fairport to Niles, 0.
5,491,OOO Cleveland Terminal and Valley RR.
1st 4« of Nov. 1, 1995, secured on 75.31 miles of
road from Cleveland to Valley Junction, O.
$5,OOO,OOO Cleveland, Lorain and Wheeling RR.
consol. 1st 5s of Oct. 1, 1933, secured by 1st
mortgage on entire property of the C. L. & W.
RR. Co.
S93,OOO Cleveland, Lorain and Wheeling RR.
gen. 5s of June 1, 1936, secured by 2d mtge. on
the entire property of the C., L. & W. RR. Co.
These bonds are redeemable at 105 p. c. on 30
days' notice.
95O.OOO Cleveland, Lorain and Wheeling RR.
consol. refunding 4Js of Jan. 1, 1930, secured on
the entire property of the C., L. & W. RR. Co.,
but subject to the two prior mortgages. These
bonds are redeemable at 102J p. c. on 30 days'
notice.
228,OOO Oh 10 and Little Kanaicha RR. 1st 5s
of March 1, 1930, secured on 75 miles of road,
from Zanesville to Marietta, O.
2,OOO,OOO Ohio River RR. 1st 5s of June 1, 1936,
secured on 169 miles of road, from Benwood Junc-
tion to Point Pleasant, W. Va.
2,941,OOO Ohio River Rlt. gen. 5s of April 1,
1937, secured on 208.66 miles of road, from Ben-
wood Junction to the west bank of the Guyan-
dotte River, W. Va.
3O3,OOO Huntington and Big Sandy RR. 1st <>.•-•
of July 1, 1922, secured on 13.92 miles of road,
from Huntington to Kenova, W. Va., including
branches.
37O,OOO Ravensicood Spencer and Glenville RR.
1st 6s of Aug. 1, 1920, secured on 32.5 miles of
road, from Ravenswood to Spencer, W. Va.
5O,OOO Ripley and Mill Crerk Valley RR. 1st 6s
of Aug. 1, 1908, secured on 13 miles of road, from
Millwood Junction to Ripley Court House, W.
Va.
7OO,OOO Monongahela Rivrr RR. 1st 5s of Feb.
1, 1919, secured on 31.2 miles of road, from Fair-
mont to Clarksburg, W. Va.
4,OOO,OOO West Virginia and Pittsburgh RR.
1st 4s of April 1, 1990, secured on 176.48 miles of
road and 134,842 acres of land owned by the W.
V. & P. RR. Co. These bonds are subject to
purchase by the B. & O. RR. Co. on 60 days'
notice.
POOR'S MANUAL — BALTIMORE AND OHIO RR. CO.
63
The Baltimore and Ohio RR. Co. agrees that all the underlying bonds shall be paid off at maturity,
or that they shall be deposited as security for the refunding bonds, and that as soon as practicable it will
cause the property and franchises of the several companies, a majority of the shares of stock of which are
pledged under the refunding mortgage, to be conveyed to the trustee under that mortgage, to the end that
the refunding bonds may eventually become the first lien on all of said properties.
1«. Cost of Other Roads Owned by the B. & O. RR. Co.— Schuylkill River East Side
RR. Co., $5,351,325.07; West Virginia and Pittsburgh RR. Co., $4,502,329; Monongahela River RR. Co.,
$1,413,904.25; Baltimore and Ohio Connecting RR. Co., $300,784.17; Winchester and Potomac RR. Co.,
$428,816.82; Winchester and Strasburg RR. Co., $106,638.84; Eastern Ohio RR. Co., $176,291.14; Lancaster,
Oxford and Southern RR. Co., $62,560.99; Smithfleld and Masontown RR. Co., $183,271.89; Point Pleasant,
Ruckhannon and Tygart Valley RR. Co., $194,878.48; Fairmont, Shinnstown and Clarksburg RR. Co.,
$44,672.35— total, $12,765,473.
14. BONDS AND STOCKS OF SUNDRY COMPANIES OWNED BY THE BALTIMORE AND OHIO RR. Co.
BONDS.
Baltimore Dry Dock Co $100,000 00
Bait. & New"York Ry. Co 350,000 00
B. &O. S. W.Ry. lstInc.,Sr."B." 2,00000
B. & O. RR., Prior Lien, 3*8 (Treasury) . . 46,545 00
B. & O. RR., 1st Mt«e., 4s 20,51300
B. & O. P. Jc. & Mid. Div., 3^8 (Treas.) . . 7,635,050 00
B. & O. 8. W. Div., 3is (Treasury) 44,655 00
Bay Ridge Imp. Co., 1st Lien Cert 4.110 00
Bay Ridge Imp. Co., 1st Mtge. Inc 140,00000
Bay Ridge Imp. Co. Securities 4,200 00
Bay Ridge & Annapolis RR,, 1st Mtge. .. 50,000 00
C. & O. C. Co. True., Cert, of Ind 121 ,000 00
Ches. & Ohio Canal Co., 1844 657,500 00
Ches. & Ohio Canal Co., 1878 500,000 00
Cairo & Kanawha Vy. RR., 1st Mtge 6,000 00
Clev. Ter. &Vy. RR., IstMtge 24.00000
C. Ter. & Vy. RR., Lease Warrants 219,000 00
Kentucky and Indiana Bridge Co 323,000 00
P , N. C. & L. E. RR. Co. 1st Mtge 136,900 00
Pitts. & Western Ry., 1st Mtge 374.000 00
Pitts. & Western Ry., 2d Mtge 2,135,000 00
Pitts. & Western RR., Prior Lien 81,000 00
Pitts. & W. Ry., Loco. Lease Warrants. . . 62,647 50
Sch. R. E. Side RR., pier bonds 500,000 00
Union Stock Yards Co 241,000 00
Unsold. Sec., Reorg. Mgrs 1,37000
Valley RR. Co. of Virginia 750,000 00
Total Bonds. . . $14,529,492 50
Value, as per Balance Sheet 14,105,260 28
STOCKS.
Akron Union Passenger Depot §50,000 00
Bait. Ch. of Com., Cert. Memb 7600
Baltimore Dry Dock Co 65,00000
B. & O. RR. Co., preferred (Treasury). .. 451,420 49
B. & O. RR. Co., common (Treasury) 18,772 70
Bal.. Ches. & At. Ry., preferred 8,55000
B. & O. Southwestern Ry., preferred ..... 7,300-00
Baltimore and New York Ry. Co 350,000*00
Bay Ridge Improvement Co 103,400-00
Bay Ridge Company 251,000^)0
Bay Ridge & Annapolis RR. Co 49,50000
Berlin & Lovettsville Bridge Co 6,000*00
Brown Manufacturing Co 500; 00
Camden Warehouses 5,000 00
Cent. O. RR., pref ., old issue 100 00
Cent. O. RR., com., old issue 500 00
Consolidation Coal Co 3,983,100 00
STOCKS — Continued.
Chi. Un. Trans. & Ry. Co. , pref $40,000 00
Chi. Un. Trans. & Ry., com 40,000 00
Chi. Board of Trade, Cert, of Memb 2,875 00
Ches. & Ohio Tranpp. Co.. subscription . . . 250,000 00
Ches. & Ohio Canal Trans. Co., sub^cr. . . 10,000 00
Clev. Cham. Com., Cert, of Membership. . 90 00
Clev. Term. & Valley RR., pref 953,750 00
Clev. Term. & Valley RR. , com 4,594,300 00
Century Club, Cleveland 50 00
Clev., Lorain & Wheeling RR., pref 2,639,700 00
Clev., Lorain & Wheeling RR., com 6,670,700 00
Confluence & Oakland RR 99,000 00
Del . & West. Coal Co., subscription 5,000 00
E. St. L. Relay Pass. Sta. Ass., subscr 2,777 78
Electric Power Co ... 5.50000
Fairport Warehouse & Elev. Co 150,000 00
GaufeyCo 415,60000
Georgetown Barge, D., E. & Ry. Co 500 00
Hancock Bridge Co 600 00
Lane., Cecil & South. RR 3,00000
London Co. & Fred.Bridge Co 6,000 00
L. Purch. Exp. Co., subscription 2,50000
Manor Mining &Manuf'g Co 25,00000
Metropolitan Southern RR 500 00
Ohio & Mississippi Ry., common 500 00
Penn. & Lake Erie Dock Co 50,000 00
Pittsburgh & Western Ry., preferred 4,950,497 00
Pittsburgh & West. Ry., com 7,271,200 00
Philadelphia Bourse 1,00000
Pitts., Clev. & Toledo RR 1,505,000 00
Perry Water Co 2,50000
Real Est. & Imp. Co. of Bait. Cy 2,500 00
Sharpsville RR 179,750 00
Standard Coupd Co. of Baltimore 1,00000
Syracuse Water Power Co 1,000 00
Snow Fork & H. Vy. RR., subscr 500 00
Southwestern Equipment Co 1 ,607,517 50
Staten Isl. Rapid Transit Ry. Co 498,200 00
Staten Island Ry. Co 569,850 00
Schuylkill Imp. Land Co 2,000 00
Terminal Land Co 2,000 00
Union Stock Yard Co 200,000 00
Valley RR. Co. of Virginia 1,020,00000
Valley & Elk River RR. suhscr 10,000 00
Wash . & Western Maryland RR 500 00
West Virginia & Pennsylvania RR 69,700 00
Wilmington Agr. & Ind. Ass'n 250 00
Total... $39,273,12647
Value, as per Balance Sheet 12,609.959 02
SUMMARY.
Par Value of Stocks $39,273,126 47
Par Value of Bonds 14,529,492 50
Total Par Value .'. $53,802,618 97
Ledger Value of Stocks $12,609,959 02
Ledger Value of Bonds 14,105,260 28
Total Ledger Value $26,715,219 30
14a. In addition to the above the B. & O. RR. Co. owns the following securities, the
cost of which is included in the cost of said lines to the B. & O. as shown in Sec. 18.
BONDS.
"Winchester & Potomac RR. Co., let Mtge. $147,150 00
Winchester & Potomac RR. Co., 2d Mtge. 85,000 00
STOCKS.
Baltimore & Ohio Connecting KR. Co 5)00,000 00
Eastern Ohio RR. Co. 300,00000
Fairm., Shinnst. & Clarksb. RR. Co 40,000 00
Monongahela River RR. Co 1,300,000 00
STOCKS.
Pt. PI., Buck. & Ty. Vy. RR., sub $5,500 00
Smithfleld & Masontown RR. Co. 92,500 00
Schuylkill River East Side RR. Co 2,250,000 00
West Va. & Pitts. RR. Co., preferred 897,500 00
West Va. & Pitts. RR. Co., common 2,500,000 00
Winchester & Potomac RR. Co. . . .'. 175,050 00
Winchester & Strasburg RR. Co 585,400 00
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
15. Statement of mileage, rolling stock and general balances at the close of each year
for seven years ending June 30 :
1895
1896
1897
1898
1899
1900
1901
Milep of Road Owned. . .
Miles of Track Owned. .
Miles of Road Operated.
Miles of Track Operated
Locomotives
513.00
1.186.87
2,094.65
3,511.48
890
513.40
1,196.34
2,095.03
3,541.35
857
513.40
1,236.78
2,046.03
3,582.74
863
513.40
1,245.01
2,047.03
3,626.13
900
513.40
1,258.55
2,046.73
3,683.41
950
513.40
1.268.18
2,277.97
4,027.43
1,034
520.57
1,329.04
3,220.76
5,521.60
1,120
Electric Motors
4
4
4
4
4
Car.*.
27,320
27,i24
31,652
38,676
45,764
51,679
52,264
\
Common Stock
$
25,000,000
9
25.000,000
1
25,000,000
$
25,000,000
$
35,000,000
$
45,000,000
45,000,000
Preferred Stock
5,000.000
5,000,000
5,000,000
5,000.000
39,227,767
59.357.167
59,361.267
Funded Debt
80.564.000
80,797,000
87,246,500
87,947.500
134.536.329
186,807,830
200,114,450
Other Capital Liabilities.
Floating Debt
687,376
18,524,346
4,687,376
13,040,470
13,827,098
16,680,975
19,553,585
19,772.302
1,792,518
14,327.740
11,627,700
17,539,427
11,559,480
31,111,385
Profit and Loss
25.292,085
23,737,443
2,110,277
2,020,251
924,729
633,739
1,706,719
Total Liabilities
Cost of Road and Equip.
Securities' in Trust, etc..
Cost Other Roads Owned
Real Est.and Other Prop.
Treasury Securities
Materials and Supplies. .
Cash and Other Assets. .
150,067,807
56,572,611
49,262,367
8,072,407
4,356,761
17,398.697
978,420
13,426,544
153,262,289
56,400,829
49,870.551
8,085,895
4,332,&53
17,550.230
1,418.840
15,597,091
149,864,850
57,007.386
50,629,550
14,436,007
6,284,711
13,166.164
1,392,917
6,948,115
159.293,638
62,559.160
51,330.550
14,437.847
6,481.554
12,806,739
1,559.946
10,117,842
225.809.083
110,758,774
61,362,075
14,446.181
11,483.859
14,426.027
1,651,056
11,680,511
320,965,863
!• 257-445.785
12.347,233
12,602,413
15,242,765
2.879,152
20,448,515
338,853,301
267,613,773
12,765,473
12,aS5,245
26.715.219
3,282.163
15,591,428
Total Assets
150,067,807
153,262,289
149,864,850
159 293 638
225,809 083
320 965 863
338 853301
16. PROPKIETAKY RAILROADS COVERED BY AND INCLUDED UNDER THE PRIOR LIEN AND
FIRST MORTGAGES OF THE BALTIMORE AND OHIO RR. Co.
Akron and Chicago Junction RR.— Chi-
cago Junction to Akron Junction, O., 76.66 miles.
Capital stock, $2.250,000. Funded debt, $1,500,000.
(See Manual for 1899, page 65.) This road, by col-
lateral trust of Its stock, bonds, and other indebted-
ness, Is covered by and Included under the mortgage
dated July 1, 1898. securing th« 1st mtge. 4 p. c.
50-yr. gold bonds of the B. & O. RR. Co. No separate
earnings and expenses are reported. L. F. Loree,
Pres.; J. V. McNeal. Treas. ; C. W. Woolford, Sec.,
Baltimore, Md.
Baltimore and Ohio and Chicago RR.—
Chicago Junction. O., to Chicago, 111.. 264.90 miles.
Capital stock, $1,503,4:50. Funded debt, $7,744,000.
(See Manual for 1899, page 65.) This road, by col-
lateral trust of Its stock, bonds, and other Indebted-
ness, Is covered by and Included under the mortgage
dated July 1, 1898, securing the 1st mtge. 4 p. c.
50-yr. gold bonds of the B. & O. RR. Co. No separate
earnings and expenses are reported. L. F. Loree,
Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec.,
Baltimore, Md.
Baltimore and Philadelphia RR.— Con-
nection with Philadelphia Branch at Maryland State
Line to Reading Junction, Philadelphia, Pa., 36.8 m.;
Landenberg, South Wilmington, Market Street, and
Crum Creek Branches, 22.52 m.— total, 59.32 miles.
Capital stock, $5.000,000. Funded debt (£1,000,000),
$4,840,000. (See Manual for 1899, page 66.) This road,
by collateral trust of its stock, bonds, and other In-
debtedness, is covered by and included under the
mortgage dated July 1, 1898, securing the 1st mtge.
4 p. c. 50-yr. gold bonds of the B. & O. RR. Co. No
separate earnings and expenses are reported. L.
F. Loree, Pres. ; J. V. McNeal, Treas. ; C. W. Wool-
ford, Sec.; G. W. Booth, Aud., Baltimore, Md.
Baltimore Belt RR.— Through and around
Baltimore, Md., by tunnel and surface road, 7.16
miles. Capital stock, $3,500.000. Funded debt, $6,-
000,000. (See Manual for 1899, page 66.) The stock
is owned by the B. & O. RR. Co. and the bonds are
deposited as collateral under the mortgage dated July
1, 18S8, securing the 1st mtge. 4 p. c. 50-yr. gold
bonds of the B. & O. RR. Co. No separate earnlnes
and expenses are reported. L. F. Loree, Pres. ; J. V.
McNeal, Treas. ; C. W. Woolford, Sec., Baltimora,
Md.
(See Manual for 1899, page 69.) This railroad, by
collateral trust of its stock and indebtedness, is cov-
ered by and included under the mortgage dated July
1, 1898, securing the prior lien gold bonds of the B.
& O. RR. Co.; and also, subject to said prior lien
mortgage, under the mortgage of same date securing
the 1st mtge. 4 p. c. 50-yr. gold bonds of the same
company. No separate earnings and expenses are
reported. T. H. B. Dawson, Pres.; J. H. Buzzard,
Vice-Pres., Berkeley Springs, W. Va.; H. W. Disher
Sec.; Samuel Whisner, Treas., Great Cacapon, W. Va.
Berlin RR.— Berlin Station to Garrett. Pa.. 8
miles. Capital stock, $50,000. (See Manual for 1899,
page 66.) This railroad, by collateral trust of its
stock and indebtedness, is covered by and included
under the mortgage dated July 1. 1898, securing the
prior lien gold bonds of the B. & O. RR. Co.; and
also, subject to said prior lien mortgage, under the
mortgage of same date securing the 1st mtge. 4 p. c.
50-yr. gold bonds of the same company. No separate
earnings and expenses are reported. L. F. Loree,
Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec.,
Baltimore, Md.
Cleveland, Wooster and Musk i IIKUIII
Valley RR.— Lodi to Millersburg, O., 36.26 miles.
Capital stock, $300,000. Funded debt. $200,000. (See
Manual for 1899, page 66.) This road, by collateral
trust of its stock, bonds, and other indebtedness, is
covered by and included under the mortgage dated
July 1, 1898, securing the 1st mtge. 4 p. c. 50-yr.
gold bonds of the B. & O. RR. Co. No separate earn-
ings and expenses are reported. L. F- Loree,
Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec
Baltimore, Md.
Confluence and Oakland RR.— Confluence,
Pa., to Manor Lands. Md., 19.7 miles. Capital stock.
$200.000. Funded debt, $120.000. This railroad, by
collateral trust of its stock, bonds, and other indebt-
edness, is covered by and included under the mort-
gage dated July 1, 1898. securing the prior lien gold
bonds of the B. & O. RR. Co.; and also, subject to
said prior lien mortgage, under the mortgage of same
date securing the 1st mtge. 4 p. c. 50-yr. gold bonds
of the same company. No separate earnings and ex-
penses are reported. L. F. Loree, Pres.; J. V.
McNeal, Treas.; C. W. Woolford, Sec.; G. W. Booth.
Aud., Baltimore, Md.
Berkeley Springs and Potomac RR.— Fairmont, Morpantovrn and Pitta-
Hancock to Berkeley Springs, W. Va., 5.95 miles, bnrgrh RR.— Unlontown, Pa., to F., M. & P. June..
POOR'S MANUAL— BALTIMORE AND OHIO SYSTEM.
55
W. Va.. 56.6 m. ; Red Stone Branch, 1 m.; total,
57.0 miles. Capital stock, $3,000.000. Funded debt,
$3 000,000. (See Manual for 1899, page 67.) This
railroad, by collateral trust of Its stock, bonds, and
other Indebtedness, Is covered by and Included under
the mortgage dated July 1, 1898, securing the 1st
mtge. 4 p. c. 50-yr. gold bonds of the B. & O. RR. Co.
No separate earnings and expenses are reported.
L. F. Loree. Pres., Baltimore, Md. ; J. V. McNeal,
Treas. ; C. W. Woolford, Sec., Pittsburgh, Pa.
Grafton and Bellngton RR.— Grafton to
Bellngton, W. Va., 42 m. ; Hacker's Run Branch, 4.73
m.: total, 46.73 miles. The Hacker's Run Branch
was opened on July 1, 1900. Capital stock, $250,000.
Funded debt. $750,000. This railroad, by collateral
trust of Its stock, bonds, and other indebtedness, Is
covt-i-pd by and included under the mortgage dated
July 1, 1898, securing the prior lien gold bonds of the
B. & O. RR. Co. ; and also, subject to said prior lien
mortgage, under the mortgage of same date securing
the 1st mtge. 4 p. c. 50-yr. gold bonds of the same
company. No separate earnings and expenses are re-
ported. L. F. Loree, Pres.; J. V. McNeal, Treas.;
C. W. Woolford, Sec., Baltimore, Md.
Lancaster, Cecil and Southern RR —
Childs to Providence Mills. Md.. 4 miles. Capital
stock, $200,000. Funded debt, $200.000. This rail-
road, by collateral trust of its stock, bonds, and other
indebtedness, is covered by and included under the
mortgage dated July 1, 1898. securing the 1st mtge.
4 p. c. 50-yr. gold bonds of the B. & O. RR. Co. L.
F. Loree, Pres.; J. V. McNeal, Treas.; C. W.
Woolford, Sec., Baltimore, Md.
Metropolitan Southern RR.— M. S. June, to
Potomac River Bridge, Md., 2.25 miles. Capital stock
(all owned by B. & O. RR. Co.), $1.200,000. This
railroad is covered by and secured under the mortgage
dated July 1, 1808, securing the prior lien gold bonds
of the B. & O. RR. Co.; and also, subject to said
prior lien mortgage, under the mortgage of same date
securing the 1st mtge. 4 p. c. 60-yr. gold bonds of the
same company. No separate earnings and expenses
are reported. L. F. Loree, Pres.; J. V. McNeal,
Treas.; C. W. Woolford, Sec., Baltimore, Md.
Mount Pleasant and Broad Ford RR.—
Broad Ford to Mt. Pleasant, Pa., 9.7 miles. Capital
stock, $150,500. This railroad, by collateral trust of
Its stock and debt, is covered by and Included under
the mortgage dated July 1, 1898, securing the prior
lien gold bonds of the B. & O. RR. Co. ; and also, sub-
ject to said prior lien mortgage, under the mortgage
of same date securing the 1st mtge. 4 p. e. 50-yr.
gold bonds of the same company. No separate earn-
ings and expenses are reported. L. F. Loree,
Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec.,
Baltimore, Md.
Ohio and Baltimore Short Line Ry.—
Greene to Leisenring, Pa., 9.3 miles. Capital stock
(all owned by B. & O. RR. Co.), $290,000. Funded
debt, $500,000. (See Manual for 1899, page 67.) This
railroad, by collateral trust of its bonds and other
indebtedness, is covered by and Included under the
mortgage dated July 1, 1898, securing the prior Hen
gold bonds of the B. & O. RR. Co. ; and also, subject
to the said prior lien mortgage, under the mortgage
of same date securing the 1st mtge. 4 p. c. 50-yr.
gold bonds of the same company. No separate earn-
ings and expenses are reported. L. F. Loree,
Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec.,
Baltimore, Md.
Parkersbnrg Branch RR. — Grafton to Park-
ersburg, W. Va., 103.3 miles. Capital stock (common,
$947,750; preferred, $5,680,650), $6,628,400. Funded
debt, $3,000,000. (See Manual for 1899, page 67.)
This railroad, by collateral trust of its stock, bonds,
and other indebtedness, Is covered by and included
under the mortgage dated July 1, 1898, securing the
prior lien gold bonds of the B. & O. RR. Co.; and
also, subject to said prior lien mortgage, under the
mortgage of same date securing the 1st mtge. 4 p. c.
50-yr. gold bonds of the same company. No separate
earnings and expenses are reported. L. F. Loree,
Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec.,
Baltimore, Md.
Pittsburgh and ConnellsTllle RR.—
Pittsburgh, Pa., to Mt. Savage June., Md.. 146.7 m.;
Hlckman Run Branch, 2.1 m.; total, 148.8 miles.
This railroad, by collateral trust of Its stock, 2d
consol. mtge. bonds and other Indebtedness, Is
covered by and included under the mortgage dated
July 1, 1898, securing the prior Hen gold bonds of
the B. & O. RR. Co.; and also, subject to said prior
Hen mortgage, under the mortgage of same date
securing the 1st mtge. 4 p. c. 50-yr. gold bonds of
the same company. There are outstanding $69,000
1st mtge. extended 4s, due July 1, 1946. No separate
earnings and expenses are reported. L. F. Loree,
Pres.; C. W. Woolford, Sec.; J. V. McNeal, Treas.;
G. W. Booth, Aud., Baltimore, Md.
Salisbury RR.— Salisbury June, to West Salis-
bury, Pa., 9.1 m.; Grassy Run, Hocking and Mc-
Donald Extensions and Flag Run Branch, 7.07 m.—
total, 16.17 miles. The McDonald Extension and the
Flag Run Branch were opened on July 1, 1899. Cap-
ital stock, $117,987. Funded debt, $150,000. (See
Manual for 1899, page 70.) This railroad, by collat-
eral trust of Its stock, bonds, and other indebtedness.
Is covered by and Included under the mortgage dated
July 1. 1898, securing the prior Hen gold bonds of the
B. & O. RR. Co. ; and also, subject to said prior Hen
mortgage, under the mortgage of same date securing
the 1st mtge. 4 p. c. 50-yr. gold bonds of the same
company. No separate earnings and expenses are re-
ported. L. F. Loree, Pres.; C. W. Woolford, Sec.;
J. V. McNeal, Treas., Baltimore, Md.
Somerset and Cambria RR.— Rockwood to
Johnstown, Pa., 45.1 miles. Capital stock, $1,000,000.
Funded debt, $662,500. (See Manual for 1899, page
68.) This railroad, by collateral trust of its stock,
bonds, and other Indebtedness, is covered by and In-
cluded In the mortgage dated July 1, 1898, securing
the prior lien gold bonds of the B. & O. RR. Co. ; and
also, subject to the said prior lien mortgage, under
the mortgage of same date securing the 1st mtg«.
4 p. c. 50-yr. gold bonds of the same company. No
separate earnings and expenses are reported. L.
F. Loree, Pres.; C. W. Woolford, Sec.; J. V. Mc-
Neal, Treas., Baltimore, Md.
South Branch RR.— Green Spring to Romney,
W. Va., 16 miles. Capital stock, $130,700. Funded
debt, $200,000. (See Manual for 1899, page 68.) This
railroad, by collateral trust of its stock, bonds, and
other Indebtedness, Is covered by and Included under
the mortgage dated July 1, 1898, securing the prior
lien gold bonds of the B. & O. RR. Co.; and also,
subject to said prior Hen mortgage, under the mort-
gage of same date securing the 1st mtge. 4 p. c.
50-yr. gold bonds of the same company. No separate
earnings and expenses are reported. L. F. Loree,
Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec.,
Baltimore, Md.
Washington Branch RR.— Relay Station,
Md.. to Washington, D. C., 31 m.; total track (steel),
76.45 miles. Built under the charter of the Bait. &
Wash. RR. Co., granted in Maryland, March 3, 1833.
Road opened Aug. 25, 1835. Capital stock, $1,650,000,
of which nearly two-thirds ($1.028,000) are owned by
B. & O. Co., and one-third by the State of Maryland;
only $72 000 held by individuals. The stock owned by
the B. & O. RR. Co. Is deposited as collateral security
under the mortgage dated July 1, 1898, securing the
prior Hen gold bonds of the B. & O. RR. Co. Net
earnings, year ending June 30, 1901, $168,364; taxes
and other charges. $27,426; surplus $140,938. The
last dividend paid (5 p. c.) was for the half year
ending Sept. 30, 1896. (See Manual for 1899. page
69.) L. F. Loree, Pres.; J. V. McNeal, Treas.,
Baltimore, Md. Office, Baltimore, Md.
Washington County RR.— Weverton to
Hagerstown, Md., 24.2 miles. Capital stock, $982,680.
This railroad, by collateral trust of its stock and in-
debtedness, is covered by and included under the
mortgage dated July 1, 1898, securing the prior lien
gold bonds of the B. & O. RR. Co.; and also, subject
to said prior lien mortgage, under the mortgage of
same date securing the 1st mtge. 4 p. c. 50-yr. gold
bonds of the same company. No separate earnings
and expenses are reported. L. F. Loree, Pres. ;
C. W. Woolford, Sec.; J. V. McNeal, Tre_as., Balti-
more, Md.
Wheeling, Pittsburgh and Baltimore
RR. — Wheeling June.. Pa., to Wheeling, W. Va.,
63.93 miles. Capital stock, $5,500.000. Funded debt,
$5.500.000. (See Manual for 1899, page 69.) This
railroad, by collateral trust of its stock, bonds, and
other Indebtedness, is covered by and Included under
the mortgage dated July 1, 1898, securing the prior
Hen gold bonds of the B. & 0. RR. Co.; and also,
subject to the said prior Hen mortgage, under the
mortgage of same date securing the 1st mtge. 5 p. c.
50-yr. gold bonds of the same company. No separate
earnings and expenses are reported. L. F. Loree,
Pres.; C. W. Woolford, Sec.; J. V. McNeal, Treas.,
Baltimore, Md.
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
17. PROPRIETARY RAILROAD COVERED BY AND INCLUDED UNDER THE SOUTHWESTERN
DIVISION MORTGAGE OF THE BALTIMORE AND OHIO RR. Co.
Baltimore and Ohio Southwestern RR.
— Belpre, O., to East St. Louis, 111., 528.85 m.;
Belpre to Marietta, O., 11.09 m. ; Hamden to Ports-
mouth, O., 55.43 m. ; Blanchester to Hlllsboro, O.,
21.43 m. ; North Vernon to Jeffersonvllle, Ind.,
53.31 m.; Watson to New Albany, Ind., 7.46 m.;
Rlverdale to Bedford, Ind., 11.4 m.; Beardstown to
Shawneetown, 111., 228.25 m.— total, 917.22 m.;
total track, 1,291.38 miles. Capital stock, $4,000,-
000. Funded debt ($45,000,000 authorized, of which
$4,000,000 reserved for betterments, etc.), $41,000,-
000. These securities are owned by the B. & O.
RR. Co. and are deposited as collateral security to
that company's mortgage dated Jan. 1, 1899, secur-
ing its Southwestern Division bonds. Underlying
the above funded debt on certain of the B. & O.
Southwestern mileage are the small amounts of
O. & M. Ry. and B. & O. S. W. Ry. bonds shown
In Sec. 11. No separate earnings and expenses are re-
ported for this road. L. F. Loree, Pres., Baltimore,
Md.; E. R. Bacon, Vice-Pres., New York, N. Y.;
Wm. M. Greene, 2d Vlce-Pres., Cincinnati, O. ; Geo.
P. May, Sec., New York, N. Y. ; J. V. McNeal,
Treas., Baltimore, Md. Office, 2 Wall St., New
York, N. Y.
1§. PROPRIETARY RAILROADS COVERED BY AND INCLUDED UNDER THE PITTSBURGH
JUNCTION AND MIDDLE DIVISION MORTGAGE or THE BALTIMORE AND OHIO RR. Co.
A. Operated by the B. & 0. RR. Co. on June 30, 1901.
Central Ohio RR.— Bellaire to Columbus, O.,
137.3 m.; St. Clairsvllle RR., 6.53 m.— total, 143.83
miles. Capital stock, $2,859,900. Funded debt, $2,-
500,000. (See Manual for 1899, page 66.) This road,
by collateral trust of a majority of its stock, bonds,
and other Indebtedness, is covered by and included
under the mortgage dated Nov. 1, 1898, securing the
Pittsburgh Junction and Middle Division bonds of the
B. & O. RR. Co. No separate earnings and ex-
penses are reported. The stock and bonds outstand-
ing are noted in Sees. 11 and 12. J. H. Collins, Pres. ;
C. W. Woolford, Sec.; J. V. McNeal, Treas., Balti-
more, Md.
< ol n m bus and Cincinnati Midland RR.
—Columbus to Midland City, O., 69.8 miles. Capital
stock (common, $2,000,000; preferred, $1,000,000), $3,-
000,000. Funded debt (1st mtge. bonds), $2,000,000.
(See Manual for 1899, page 66.) This road, by col-
lateral trust of its stock, bonds, and other indebted-
ness, is covered by and included under the mortgage
dated Nov. 1. 1898, securing the Pittsburgh Junction
and Middle Division bonds of the B. & O. RR. (see
Sees. 11 and 12). No separate earnings and ex-
penses are reported. L. F. Loree, Pres.; J. V. Mc-
Neal, Treas.; C. W. Woolford, Sec., Baltimore. Md.
Ohio Midland RR. — Newark to Shawnee, O.,
43.86 m. ; Shawnee to C. H. C. & I. Co.'s Mines,
2.84 m. ; total track, 59.05 miles. Organized, March
30, 1900, to take over the property and franchises
of the Newark, Somerset and Straitsville RR. Co.
Capital stock ($100 shares), $300.000. Funded
debt (1st 4s of April 1, 1925), $300.000. Both the
stock and bonds are deposited with the Central
Trust Co. of New York, trustee, and are covered by
the mortgage dated Nov. 1, 1898, securing the Pitts-
burgh Junction and Middle Division bonds of the
Baltimore and Ohio RR. Co. The old Newark,
Somerset and Straitsville securities have not been
cancelled, but are deposited with the Central Trust
Co. of New York. L. F. Loree, Pres.; C. W. Wool-
ford, Sec.; J. V. McNeal, Treas., Baltimore, Md.
Saiulusky, Mansfield and Newark RR.—
Newark to Sandusky, O., 116.25 miles. Capital stock,
$1,080,600. Funded debt, $2,300,000. (See Manual
for 1899, page 68.) This railroad, by collateral trust
of practically all of its stock, about 72 p. c. of Its
bonds, and other Indebtedness, Is covered by and
Included under the mortgage dated Nov. 1, 1898,
securing the Pittsburgh Junction and Middle Divi-
sion bonds of the B. & O. RR. Co. (see Sees. 11 and
12). No separate earnings and expenses are re-
ported. L. F. Loree, Pres.; J. V. McNeal, Treas.;
C. W. Woolford, Sec., Baltimore, Md.
JB. Operation Assumed by the B. & 0. RR. Co. on January 1, 1902.
Pittsburgh Junction RR. — Laughlln
Station (B. & O. RR.) to Willow Grove (P. & W.
RR.), Pittsburgh, Pa., 4.47 m.; 43d St. to 20th
St. and 16th St. to 9th St., Pittsburgh, Pa., 2.45
m. — total, 6.92 m. ; 2d track, 4.47 m. ; total track
(steel; 67 and 85 Ibs.), 24.56 miles. Consolidation,
Dec. 21, 1881, of the Pittsburgh Local RR. Co. and
the Pittsburgh Junction RR. Co.; road opened Sept.
1, 1884. This road connects the B. & O. RR. with
the Pittsburgh and Western RR., and under a
traffic agreement with those roads (see Manual
for 1901, page 62) this company receives $1 per car
delivered to or received from them. This company
controls the Pittsburgh Junction Terminal Co., by
•ownership of its entire capital stock, and is In turn
•controlled by the Baltimore and Ohio RR. Co., by
ownership of a majority of Its capital stock. The
Baltimore and Ohio RR. Co. assumed the operation
of the property, as agent for the owners, on Jan.
1, 1902. On June 30, 1901, this company owned 10
locomotives and 1 transfer barge.
Operations, year ending June 30, 1901. — Earnings
— passenger, $9,469.95; freight, $399,300.37; other,
$2.276.13— total, $411,046.45. Expenses — transporta-
tion, $106,646.10; maintenance of equipment, $13,-
903.68; maintenance of way, etc., $40,836.72; general,
$19,590.82— total, $180.977.32. Net earnings, $230.-
069.13. Paid interest on bonds, $101,400; Interest
and discount, $4,344.58; taxes, $19,957.30 — total,
$125,701.88. Net profit, $104.367.25.
Profit and Loss Account, June SO, 1901. — Net profit
for year, $104,367.25; less dividend of March, 1901
(3i p. c. on preferred stock), $16,800: and miscel-
laneous adjustments, $385.70; leaving surplus for
year, $87,181.55. Balance at credit of account on
June 30, 1900, $96,858.78; less dividend of Oct.,
1900, declared out of the earnings of the year end-
Ing June 30, 1900 (7 p. c. on preferred stock, $33,-
600; 2 p. c. on common stock, $29,200), $62,800;
surplus forward, $34,058.78. Total surplus, June 30,
1901, $121,240.33.
Balance Sheet, June 30, 1901. — Capital stock paid
in ($1,460.000 common and $480,000 preferred; $50
shares), $1,940,000; funded debt ($1,440.000 1st 6s
of July 1, 1922, Int. J. & J. ; and $300,000 2d 5s of
July 1, 1922, int. J. & J.), $1,740,000; current
liabilities, $244,385.38; profit and loss, $121,240.33—
total, $4,045,625.71. Contra: Cost of road, $3,582,-
706.53; rolling stock, $80,660.35; stock Pittsburgh
Junction Terminal Co., $200,000; Pittsburgh Junc-
tion Terminal Co. advances, $29,020.99; materials
on hand, $5,101.47; current assets, $67,484.57; cash,
$80,651.80— total, $4,045,625.71.
Funded debt consists of $1,440,000 1st gold 6s of
July 1, 1922, and $300.000 2d gold 5s of July 1,
1922. There are also $500,000 1st gold 5s of Oct. 1,
1907, of the Pittsburgh Junction Terminal Co., guar-
anteed by this company. All of the preferred stock,
about 42 p. c. of the common stock, about 33.4 p. c.
of the 1st mtge. bonds, 10 p. c. of the 2d mtge.
bonds, and about 56 p. c. of the Pittsburgh Junction
Terminal bonds have been acquired by the B. & O.
RR. Co. and deposited under the mortgage securing
its Pittsburgh Junction and Middle Division bonds.
Directors (elected Oct., 1901). — John Barren, D.
F. Maroney, Johns McCleave, John Z. Speer, Jas.
J. Donnell. John M. Kennedy, Pittsburgh, Pa.;
Randolph Stalnaker, Wheeling, W. Va. ; Oscar G.
Murray, C. W. Woolford, Geo. C. Jenkins, Balti-
more, Md. ; Tho«. M. King, Philadelphia, Pa.; A. SL
W. Painter, Allegheny, Pa. Officers: L. F. Lore*.
Pres.; Oscar G. Murray, Vice-Pres., Baltimore, Md. ;
Jas. A. Smith. Sec. & Treas., Pittsburgh. Pa.
General Office, 507 Tradesmen's Building, Pitts-
burgh, Pa.
POOR'S MANUAL — BALTIMORE AND OHIO SYSTEM.
57
19. PROPRIETARY RAILROADS COVERED BY AND INCLUDED UNDER THE PITTSBURGH,
LAKE ERIE AND WEST VIRGINIA SYSTEM REFUNDING MORTGAGE OF THE BALTI-
MORE AND OHIO RR. Co.
A. Operated by the B. &, 0
Eastern Ohio RR.— Campbells to Cumberland,
O., 16.92 m. ; total track (steel, 8 m.), 19.65 miles.
Rail, 60 Ibs. Reorganization In May, 1891, of the
Cincinnati, Wheeling and New York RR. Co. (See
Manual for 1892, page 1036.) The operation of th«
road by the B. & O. RR. Co. dates from July 1,
1899. Capital stock, all owned by B. & O. RR. Co.,
$300,000. Cost of road to B. & O. RR. Co., $176,-
654. The stock Is deposited under the B. & O. RR.,
Pittsburgh, Lake Erie and West Virginia System
refunding mortgage. L. F. Loree, Pres.; J. V.
McNeal, Treas. ; C. W. Woolford, Sec., Baltimore,
Md. Office, Baltimore, Md.
Monongahela River RR.— Fairmont to
Clarksburg, W. Va., 31.2 m.; total track (steel; 60
Ibs.), 47.47 miles. Chartered Sept. 28, 1888; road
opened Aug. 4, 1890. Operated by the B. & O. RR.
Co. since April 1, 1900. Locomotives, 8. Cars— pas-
senger, 3; combination, 2; freight (box, 5; coal, 1,303;
flat, 5), 1,313— total, 1,318. Balance Sheet, June 30,
1900.— Capital stock ($100 shares), $1,300,000; funded
debt (1st 5s of Feb. 1, 1919), $700,000; real estate
mtges., $1.000,000; other liabilities, $44,183; profit
and loss, $290,685 — total, $3.3.34,868. Contra: Cost of
road, $2,028,219; real estate, $1,000,000; other assets,
$306,649— total, $3,334,868. The B. & O. RR. Co.
owns the capital stock and guarantees the 1st mtge.
bonds. The stock is deposited under the B. & O.,
Pittsburgh, Lake Erie and West Virginia System
refunding mortgage, and provision is made In
that mortgage for the retirement of the bonds.
L. F. Loree, Pres.; C. W. Woolford, Sec.; J. V.
. RR. Co. on June 30, 1901.
McNeal, Treas., Fairmont, W. Va. Office, Monon-
gah, W. Va.
West Virginia and Pittsburgh RR.—
Clarksburg to Camden-on-Gauley, W. Va., 101.99 m.;
Camden-on-Gauley to mouth of Cherry River, W. Va.,
9.03 m. ; Curton to Richwood, W. Va., 9.47 m. ;
Flatwoods to Sutton, W. Va., 5.55 m. ; Weston to
Pickens, W. Va., 50.44 m.— total, 176.48 m. ; total
track (steel; 60 Ibs.), 193.77 miles. Consolidation,
Feb. 6, 1890, of the Clarksburg, Weston and Mid-
land RR. and the Buckhannon River RR. Leased to
the B. & O. RR. Co. for 999 years from Jan. 1, 1890,
but operated separately until Sept. 1, 1899. (See
Manual for 1899, pages 79 and 1425.) The Cherry
Extension, 9.03 miles, was opened on July 1, 1900;
the Forks of Cherry Extension, 9.47 miles, en May
1, 1901. Balance Sheet, June 30, 1900 Jatest
rendered). — Capital stock ($2,500,000 common and
$900,000 preferred; $100 shares), $3,400,000; funded
debt (1st 4s of April 1, 1990), $4,000,000; other
liabilities, $135,191— total, $7,535,191. Contra: Cost
of road, $6,666.522; Capertown lands, $375,508; stock
Gauley Co., $414,000; sinking fund, $9,080; profit and
loss, $70,081— total, $7,535,191. The B. & O. RR. Co.
owns the entire capital stock and has deposited it
under the mortgage securing its Pittsburgh, Lake
Erie and West Virginia System refunding bonds.
Provision is made In that mortgage for the retire-
ment of this company's funded debt. J. N. Cam-
den, Pres., Parkersburg, W. Va. ; C. W. Woolford,
Sec.; J. V. McNeal, Treas., Baltimore, Md. Office,
Weston, W. Va.
B. Operation Assumed by the B. <fc 0. RR. Co. on August 1, 1901.
Ohio River RR. — Owned: Benwood Junction to west bank of Guyandotte River, W. Va., 208.66
m. ; total track (steel, 56 to 75 Ibs.), 249.07 miles. Leased: H. & B. S. RR. (see appended statement),
10.92 miles. Trackage: Pittsburgh, Wheeling and Kentucky RR., Benwood Junction to Wheeling, W.
Va., 4 miles. Total operated, 223.58 miles. Chartered April 18, 1881; charter amended Dec. 16, 1882;
road opened throughout in April, 1888. (See Manual for 1888, page 618.) Locomotives, 35. Cars —
passenger, 33; baggage, mail and express, 8; freight (box, 810; flat, 37; stock, 43; coal, 196), 1,086;
service, 65 — total, 1,092. Of this equipment, 400 box cars and 50 coal cars are covered by equipment
trust.
Operations, year ending June 30, 1901. — Train mileage — passenger, 711,246; freight, 329,863; other,
208,889 — total, 1,249,998 miles. Passengers carried, 827,114; carried one mile, 23,593,432; average mile
rate, 2.68 cents. Tons freight moved, 936,554; moved one mile, 121,694,373; average ton-mile rate,
0.646 cent.
EARNINGS. 1899-1900
Passenger $577,318 45
Freight 712,322 75
Mail and Express 42,959 26
Miscellaneous 8,763 80
1900-1901
$632,753 14
786,720 68
42,362 45
11,822 79
Totals $1,341,364 26 $1,473,659 06
EXPENSES. 18991900 1900-1901
Maint. of Way and Struct. .$279.716 55 $314,354 63
Maint. of Equipment 146,15446 158,34774
Conducting Transportation.. 369,103 47 437,467 75
General Expenses 50,189 70 58,519 30
Totals $845,164 18 $968,689 42
Totals per Mile 5,99948 6,53831 Totals per Mile 3,/SO 14 4,33263
Net earnings, 1900-'01 (34.27 p. c.), $504,969.64. Payments: Interest on funded debt, $251,460.07;
other Interest, $13,437.67; taxes, $29,619.75; rentals, $31,145.86; other charges, $1,547.77; permanent
improvements, $92.328.39; total, $419,539.51. Surplus, $85,430.13; surplus forward, $355,145.82 — total,
$440,575.95. Deductions during the year, $10,800.68. Surplus, June 30, 1901, $429,775.27.
In the MANUAL/OP 1901, page 358, there is a table showing the. operations, income account and balance sheet
for eight years, 1893 to 1900 inclusive.
General Balance Sheet, June 30, 1901.
Cost of Road $10,053,723 83
Cost of Equipment 1,149,279 80
86,564 91
97,000 00
24,750 00
90,301 07
1,215 87
304,618 95
' 23,422 86
Betterment Account .
Stocks and Bonds Owned...
New Equipment
Materials and Supplies
Other Assets
Cash and Current Accounts.
Discount on Bonds Sold
Common Stock ($6,000,000 auth.; $100
shares) $5,915,430 50
Funded Debt Outstanding 5,003,37600
Current Accounts 419,795 66
Interest Accrued, not Payable 45,09582
Equipment Obligations 2,436 20
Accrued Taxes 14,967 84
Profit and Loss 429,775 27
Total Assets $11,830,877 29 Total Liabilities $11,830,877 29
This company controls the Huntlngton and Big Sandy RR. Co. by ownership of its entire capital
stock and the Ravenswood, Spencer and Glenvllle RR. Co. and Ripley and Mill Creek Valley RR. Co. by
ownership of a majority of their capital stocks. This company Is controlled by the B. & O. RR. Co. by
ownership of more than 99 p. c. of Its capital stock. The stock owned by the B. & 0. Is deposited
under that company's Pittsburgh, Lak« Erlt and West Virginia System refunding mortgage.
Funded debt, June SO. 1901, consisted of $2,000,000 1st 5s of Jun» 1, 1986; $2,941,000 ($8,000,000
•nth.) gen. 5s of April 1, 1987, and $62,878 of which th» details arc not reported. Th« company
jnarantees, both as to principal and Interest, the bonds of the Huntlngton and Big Sandy RR. Co..
Ravenswood, Spencer and Glenvllle RR. Co., and Ripley and Mill Creek Valley RR. Co. In the mortgage
securing the Pittsburgh, Lake Erie and West Virginia System refunding bonds of the B. & 0. RR. Co.
58
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
(see Sec. 12), provision Is made for the retirement of the funded debts of this company and of tfc»
C°Co^pora8te Officers: L. F. Loree, Pres.; Oscar G. Murray, Vlce-Pres.; J. V. McNeal, Treas. ; C. Vf.
Woolford, Sec., Baltimore, Md. Office, Parkersburg, W. Va.
HUNTINGTON AND BIO SANDY RR.— Guyan-
dotte River to Kenova, W. Va., 10.92 m.; branches,
3 m.— total, 13.92 miles. Rail (steel), 60 Ibs. Char-
tered April 12, 1890; completed during 1892.
Leased Sept. 1, 1892, to the Ohio River RR. Co.,
which guarantees, by endorsement, principal and
interest of the bonds. Capital stock (auth., $200,-
000), $71,000; funded debt (1st gold 6s of July 1,
1922) $400,000 — total, $471,000. L. F. Loree, Pres.;
J. V. McNeal, Treas.; C. W. Woolford, Sec., Balti-
more, Md. Office, Parkersburg, W. Va.
RAVENSWOOD, SPENCER AND GLENVILLE
RY. — Ravenswood, W. Va., to Spencer, W. Va.,
31.5 m.; total track (steel; 60 Ibs.), 33.73 miles.
Chartered April 10, 1886; road opened throughout
on Jan. 4, 1892. Locomotives, 2. Cars — combina-
tion, 1; freight (box, 5; coal, 10), 15 — total, 16.
Operations, year ending June 30, 1901. — Trains
run (mixed, 40,690; other, 901), 41,591 miles. Pas-
sengers carried, 28,002; carried one mile, 509,817.
Tons freight moved, 50,633; ton-miles, 1,120,305.
Earnings (passenger, $15,255; freight, $36.759; other,
$4,282), $56,296. Operating expenses, $51,350. Net
earnings, $4,946. Payments: Interest on bonds,
$22,560; taxes, $2,680— total. $25,240. Deficit, $20,-
293- deficit forward, $54,437; deductions for year,
$442— total, $75,172.
General Balance Sheet, June 30, 1901.— Capital
stock paid In ($250,000 auth.; $25 shares), $86,500;
funded debt (1st 6s of Aug. 1, 1920), $376,000; cur-
rent liabilities, $90,460; Interest accrued, not due,
$9,400; accrued taxes, $1,354— total, $563,894.
Contra: Cost of road and equipment, $474,790;
materials, etc., $3,355; cash and current assets,
$10,577; profit and loss, $75,172— total, $563,894.
A majority of the capital stock Is deposited under
the Pittsburgh, Lake E.rle and West Virginia System
refunding mortgage of the B. & O. RR. Co., and pro-
vision Is made in that mortgage for the retirement
of this company's bonds. The bonds are guaranteed,
West Virginia Short Line RR.— Brooklin
to Clarksburg, W. Va., 60 miles. Gauge, 4 ft. 8i In.
Rail (steel), 70 Ibs. Chartered in Feb., 1895; road
completed In Nov., 1900. Capital stock, $3,000,000.
Funded debt (1st 4s dated May 1, 1901), $3,000,000.
C. Operations Assumed by the B
Cleveland, Lorain and Wheeling Ry.
— Lorain to Bridgeport, O., 157.5 m.; Cleveland to
Lester, O., 28 m. ; Martins Ferry to Bellalre, O.,
6.8 m. — total, 192.3 m. ; 2d track, 2.6 m. ; total
track (steel; 60 to 80 Ibs.), 318.28 miles. Consolida-
tion, Nov. 23, 1893, of the Cleveland, Lorain and
Wheeling RR. Co. with the Cleveland and South-
western Ry. Co. (see Manual for 1894, page 108).
The company Is controlled by the B. & O. RR. Co.
by ownership of about 72 p. c. of the capital stock.
The stock thus owned is deposited under the Pitts-
burgh, Lake Erie and West Virginia System refund-
ing mortgage of the B. & O. RR. Co.
Rolling Stock, June 30, 1901. — Locomotives, 65.
Cars — passenger, 20; combination, 4; baggage, mall,
and express, 8; freight (box, 442; stock, 50; flat, 555;
coal, 3,502), 4,649; service, 87— total, 4,668.
Operations, year ending June 30, 1901. — Trains
run (passenger, 415,839; freight, 749,093), 1.164,-
932 miles. Passengers carried, 501,243; carried one
mile, 13,090,128; average mile rate, 1.67 cents.
Tons freight moved, 3,634,045; ton-miles, 345,651,-
173; average ton-mile rate, 0.52 cent.
EAKNINGS. 1899 1900 1900-1901
Passenger $215.24160 $217,98175
Freight 1,832,026 45 1,800,401 94
Mail and Express 29,74992 30,38779
Miscellaneous 15,555 70 14.881 25
both principal and Interest, by the Ohio River RR.
Co.
Corporate Officers. — L. F. Loree, Pres. ; Oscar G.
Murray, Vlce-Pres.; J. V. McNeal, Treas.; C. W.
Woolford, Sec., Baltimore, Md. Office, Parkersburg,
W. Va.
RIPLEY AND MILL CREEK VALLEY RR.—
Millwood Junction to Ripley, Jackson C. H., W.
Va., 13 m.; total track (steel; 45 Ibs.), 13.21 mil^s.
Organized April 17, 1886; road opened throughout
Oct. 1, 1888. Locomotive, 1.
Operations, year ending June 30, 1901. — Trains run
(mixed, 24,414; other, 260), 24,674 miles. Pas-
sengers carried, 16,023; carried one mile, 146,982.
Tons freight moved, 58,518; ton-miles, 648.554.
Earnings (passenger, $5,945; freight, $35.565; other.
$1,401), $42,911. Operating expenses, $19,921. Net
earnings, $22,990. Payments: Interest on bonds,
$3,000; taxes, $540— total, $3,540. Surplus, $19,450;
surplus forward, $25,438 — total, $44,888. Deduc-
tions during the year, $1,221. Surplus, June 30,
1901, $43,667.
General Balance Sheet, June 30, 1901. — Capital
stock paid in ($100,000 auth.; $25 shares), $30,775;
funded debt (1st 6s of Aug. 1, 1908), $50,000; cur-
rent liabilities, $4,923; Interest accrued, not due,
$1,250; accrued taxes payable, $242; profit and loss,
$43,667— total, $130,857. Contra: Cost of road and
equipment, $89,001; materials, etc., $175; cash and
current assets, $41,681 — total, $130,857.
A majority of the capital stock Is deposited under
the Pittsburgh, Lake Erie and West Virginia System
refunding mortgage of the B. & O. RR. Co. and pro-
vision Is made in that mortgage for the retirement
of this company's bonds. The bonds are guaranteed,
both principal and interest, by the Ohio River RR.
Co.
Corporate Officers. — L. F. Loree, Pres. ; Oscar G.
Murray, Vice-Pres. ; J. V. McNeal, Treas.; C. W.
Woolford, Sec., Baltimore, Md. Office, Parkersburg,
W. Va.
Totals $2,092,573 67 $2,063,652 73
Totals per Mile 10,88182
EXPENSES.
Malnt. Way & Struct... $393,399 18
Malnt. Equipment 246,73245
Conducting Transport... 701,02823
General 67.769 35
10,731 42
$404,819 79
242,429 68
596,162 54
78.581 68
Totals $1,408,929 21 $1,321,993 69
Totals per Mile
7,326 72
0,874 64
The B. & O. RR. Co. owns both the stock and the
bonds and has deposited them under Its Pittsburgh,
Lake Erie and West Virginia System refunding mort-
gage. L. F. Loree, Pres.; J. V. McNeal, Treas.;
C. W. Woolford, Sec., Baltimore, Md.
<Sk 0. RR. Co. on January 1, 1902.
Net earnings. 1900-'01 (35.94 p. c.), $741,659.04.
Payments: Taxes, $56,373.66; rentals, $31,615.72;
Interest on funded debt, $337,400; on car trusts.
$4,875; Interest and exchange, $924.95— total, $431,-
189.33. Surplus. $310,469.71; surplus forward, $598.-
932.64; amount written off, $58,930.74 — total,
$968,333.09.
In the MANUAL for 1901, on page 55, there is a ttate-
ment of operations for eight fiscal years, 1893-1900.
General Balance Sheet, June 30, 1901.
Common Stock Paid in ($100 shares) . . $8,000,000 00
Preferred Stock Paid in ($100 shares). 5,000,000 00
Funded Debt Outstanding 6,843,00000
Real Estate Mortgages 100,000 00
Car Trust Bonds 98.852 00
Bills Payable (Pullman Co.) 403,14000
Current Accounts 330,403 68
Accrued Interest and Rentals 88,42918
Profit and Loss 968,333 09
Total Liabilities $21,832,157 95
Cost of Property $20,757,76688
P. & W. Coal Co. Stock 300,000 00
Materials and Supplies on Hand 96,179 72
Current Accounts and Assets 328,37817
Cash 262,237 34
Cash to pay Coupons 87,595 84
Total Assets $21,832,157 93
The Baltimore and Ohio RR. Co owns $2,699,700 of
the preferred stock and $6,670,700 of the common
stock, all of which It has deposited under Its Pitts-
burgh, Lake Erie and West Virginia System re-
funding mortgage. Funded debt consists of (1)
$5,000,000 consol. 1st sold 5s of Oct. 1, 1933; (2)
POORS MANUAL — BALTIMORE AND OHIO SYSTEM.
59
$803,000 ($1,000,000 autb.) gen. gold 5s of June 1,
1036, and (3) $950,000 ($10,000.000 auth.) consol.
refunding gold 4is of Jan. 1, 1930. The bonds are
secured, In the order named, on the entire property
of the company. The gen. mtge. bonds may be
drawn at 105 and the consol. refunding bonds at
102J, on 30 days' notice. Provision is made for
the retirement of all three Issues of this company's
bonds, in the mortgage securing the Pittsburgh,
Lake Erie and West Virginia System refunding
bonds of the B. & O. RR. Co.
The car trust bonds are in two series — series A,
$65,000; series B, $33,852. The total amount issued
of series A was $400,000; of series B. $109,368.
Series A bonds were issued on or about Oct. 1, 1895,
and are payable $5,000 monthly; series B bonds were
issued about Aug. 1, 1896, and are payable $1,302
monthly. Series A bonds bear Interest at the rate
of 5 p. c. per annum, payable Jan. and July.
Equipment covered by car trusts consists of 6 loco-
motives, 950 coal cars and 300 flat cars.
Directors (elected Oct. 1, 1901). — James A Blair,
New York, N. Y. ; S. T. Everett, J. M. Lessick, J.
F. Whitelaw, W. R. Woodford, Cleveland, O. ; Parks
Foster, Elyria, O. ; L. F. Loree, C. W. Woolford,
Baltimore, Md. ; J. W. McClymonds, Massillon, O.
Officers: L. F. Loree, Pres., Baltimore, Md. ; W. R.
Woodford, Vice-Pre's., Cleveland, O. ; J. V. McNeal,
Treas. ; C. W. Woolford, Sec., Baltimore, Md.
Office, Cleveland, O.
Cleveland Terminal and Valley RR.— Cleveland, O., to Valley Junction, O., 75.47 m. ; 2d
track. 4.48 in.; total track (steel, 133.03 m.), 150.12 miles. Gauge, 4 ft. 8i in. Rail, 56 to 75 Ibs.
Chartered Oct. 3, 1895, as successor to the Valley Ry. Co. The mileage of the Sandyville and Waynes-
burg RR. is not shown above as first track, that line being merely a spur to coal mine. The Pitts-
burgh, Lake Erie and West Virginia System refunding mortgage of the B. & O. RR. Co. covers this
road and the Sandyville and Waynesburg RR., subject to the lien of this company's bonds.
Rolling Stock, June 30, 1901. — Locomotives, 29. Cars — passenger, 21; baggage, mail, and express, 4;
freight (flat, 145; coal, 940; other, 4), 1,089; service, 41 — total, 1,155. Of the coal cars, 500 .'re held
under car trust.
Operations, year ending June 30, 1901. — Train mileage — passenger, 288,793; freight, 218,377 — total,
507,170 miles. Passengers carried, 447.554; carried one mile, 10.859,481; average mile rate. 2.21 cents.
Tons freight moved, 2.578,337; moved one mile, 78.805,337; average ton mile rate, 1.06 cents. Earnings
(passenger, $215,598.16; freight, $835.797.26; other, $58.827.89), $1,110,223.31. Operating expenses,
$739.804.61. Net earnings (33.37 p. c.), $370,418.70. Payments: Interest on bonds, $220,600; on car
trust lease warrants, $12,075; taxes, $28.195.36; interest and discount, $1,472.69; applied to new con-
struction and purchase of property, $108,075.65 — total, $370,418.70.
General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $12.199.723 03
Car Trust Equipment.
Real Estate
*Stocks of Other Companies Owned...
Company Stock in Treasury ,
Materials and Supplies ,
Cash and Other Assets...
273,000 00
330.850 43
28,605 65
723.950 00
38.940 60
458,180 88
Common Stock Paid in ($50 shares) . . $5,200,000 00
Preferred Stock Paid in ($100 shares). 2,200,000 00
Funded Debt Outstanding 5,515,000 00
Car Trust Lease Warrants 219,00000
Current Liabilities 336.54:', 74
Miscellaneous Liabilities 404,68065
Profit and Loss 178,026 20
Total Assets $14,053,250 59 Total Liabilities $14,053,250 59
* Consisting of Cleveland RR. Construction and Equipment Co. stock, $500; Valley Coal Transfer Co.
stock, $15,000; Sandyville and Waynesburg RR. Co. stock, $13,105.65 — total, $28,605.65.
Capital stock authorized consists of $5.200,000 common stock and $2,200,000 preferred stock, but
age.
Funded debt consists of ($6,000,000 auth.) 1st gold 4s of Nov. 1, 1995. The bonds are guaranteed,
by endorsement, both as to principal and Interest, by the B. & O. RR. Co. A provision making them
subject to redemption at par and interest on or before May 1. 1904, on 60 days' notice, is stamped on a
majority of the bonds. Provision is made for the retirement of the whole Issue, In the mortgage securing
the Pittsburgh. Lake Erie and West Virginia System refunding bonds of the B. & O. RR. Co.
The car trust lease warrants are secured on the 500 gondola cars held under car trusts. They bear
interest at the rate of 5 p. c. per annum, and are payable $27,000 each May 1st to 1908, inclusive, and
$30,000 on May 1, 1909.
Directors (elected October 15, 1801).— L. F. Loree, Baltimore, Md. ; S. T. Everett, J. H. McBride, Cal-
vary Morris, Benjamin Rose, Harvey II. Brown. Robert R. Rhodes. Stewart H. Chisholm, F. H. Goff,
Cleveland, O. Officers: L. F. Loree, Pres.; J. V. McNeal, Treas.; C. W. Woolford, Sec.; G. L. Potter, Gen.
Mgr. ; George W. Booth, Aud., Baltimore, Md. General Office, Baltimore, Md.
SANDYVILLE AND WAYNESBURG RR
Sandyville to Magnolia. O., 5.95 miles. Chartered
Nov. 8. 1898; road opened July 1, 1899. Leased to
the C. T. & V. RR. Co. for 10 years ending July 1,
1908. Capital stock ($100 shares), $50,000. Cost of
road, $85,000. The stock is all held by the C. T. &
V. RR. Co. There were outstanding on April 10,
1900, $32,000 traffic refunding certificates, out of a
total issue of $35,000, dated July 1, 1899. F. H.
Goff. Pres., Cleveland, O.; J. V. McNeal, Treas.;
C. W. Woolford, Sec., Baltimore, Md. Office, Cleve-
land, O.
Ohio and Little Kiiiiawha RR.— Fair Oaks to West Marietta, O., 72.40 m. ; total track (steel;
56 and 60 Ibs.), 83.16 miles. Reorganization, March 1, 1900, of the Zanesville and Ohio River Ry. Co.
(see Manual for 1900. page 336). Controlled by the B. & O. RR. Co. by ownership of a majority of
both classes of capital stock and covered by that company's Pittsburgh, Lake Erie and West Virginia
System refunding mortgage, subject to the lien of $228,000 outstanding 1st mtge. 5 p. c. bonds, due
March 1, 1930. Operation assumed by the B. & O. RR. Co. on Jan 1, 1902. and there will be no
separate report of earnings and expenses. Capital stock ($918,000 common; $1,163,800 non-cumulative
5 p. c. preferred; $100 shares), $2,081,800; funded debt (see above), $228,000 — total, $2,309.800. Cost of
road, $2,321,840. Provision is made for the retirement of the bonds in the mortgage securing the Pitts-
burgh, Lake Erie and West Virginia- System refunding bonds of the B. & O. RR. Co. L. F. Loree,
Pres. ; J. V. McNeal, Treas.; C. W. Woolford, Sec., Baltimore, Md.
Pittsburgh and Western RR. — Standard gauge (Allegheny to New Castle, Pa., 57.2 m. ;
Callery June, to Foxburg, Pa., 44.9 m. ; Ribolds June, to Harmony June., 7.9 m. ; Frisco to Crowthers,
Pa., 5.8 m. ; Bennet to Brookfleld, Pa., 3.3 m.), 119.1 m. ; narrow gauge (Foxburg to Mount Jewett, Pa.,
91.75 m.; Kane June, to Kane, Pa., 0.76 m.; Clarion June, to Clarion, Pa., 6.2 m.), 98.71 m. — total,
217.81 miles. Gauges, 3 ft. and 4 ft, 8i in. Rail (steel), 40 to 100 Ibs. The narrow gauge division
Is leased to the Bradford, Bordell and Kinzua RR. Co., for 1 year from Nov. 1, 1901, at a rental of
48J p. c. of its gross earnings. At Allegheny, Pa., the company owns terminal yards extending from
near Pine Creek to Jack's Run, a distance of about 7 miles, covering almost the- entire river frontage
60
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
foreclofure of the 2d mortgage on Oct. 9. 1001 (see Manual for 1901, page 58 et scq.). The Pittsburgh
and Northern RR., 3.3 miles, was absorbed in the reorganization. The company ac-<iulred the property
subject to $81,000 1st mtge. bonds of the original P. & W. RR. Co., $219,000 1st mtge. bonds of the
Pittsburgh, New Castle and Lake Erie RR. Co. and $9,700,000 1st mtge. bonds of the P. & \\ . Ry. < ...
Funded debt (In addition to the above prior liens), $3,500,000. ™" «
The B. & O.
o "OWM airi^"the"cap'it"ai~8t'ock™and"all of the bonds except $83,000 of the P., N. C. & L. E .Ists
and $3 718 000 P. & W. Ry. Ists, and has deposited the securities it owns under 11
Erie and West Virginia System refunding mortgage. Provision is made in that mortgage for the retir
ment of the $3,801,000 outstanding bonds (see Sec. 12, B. & O. statement).
Directors— C. W. Woolford, Baltimore, Md.; W. R. Woodford, Henry W. Oliver, T. .1. English, J. L.
Kirk Pittsburgh, Pa.; John E. McVey, Youngstown, O. Officers: Wm. M. Kennedy, Pres.. I'
.;'c. W. Woolford, Sec.; J. V. McNeal, Treas., Baltimore, Md. General Office, Pittsburgh, Pa.
Interest on or before Feb. 1, 1903. L. F. Loree.
Pres.; C. W. Woolford, Sec.; J. V. McNeal, Treas.;
G. W. Booth, Aud., Baltimore, Md. Office, Youngs-
™ PITTSBURGH, PAINESVILLE AND FAIRPORT
RR. — Fail-port, O., to Nlles, O., 53 in., total truck
(steel; 60 Ibs.), 82.08 miles. Locomotives, 11. Curs
— passenger, 1; freight (coal and coke), 1,054 — total.
Capital stock, $13,500,000.
Pa
ELLWOOD SHORT LINE RR.— North Sewick-
Icy to Rock Point, Pa. (double track), 3.1 m. ; total
track (steel; 60 Ibs.), 7.94 miles. Gauge, 4 ft 8i in.
Organized April 25, 1890; road opened Aug. 15, 1891.
Leased to the Pittsburgh and Western Ry. Co. for
30 years from Aug. 10, 1891. Purchased by Thomas
M. King, Receiver of the Pittsburgh and Western
Ry., on May 6, 1898. Capital stock (par. $100), $300,-
000; funded debt, $300,000— total, $600,000. The
stock is deposited under the mortgage securing the
Pittsburgh, Lake Erie and West Virginia System
refunding bonds of the B. & O. RR. Co., and pro-
vision is made in that mortgage for the retirement
of the bonds. L. F. Loree, Pres.; C. W. Woolford,
Sec.; W. H. Duffell, Treas.; J. L. Kirk, Aud., Balti-
more, Md.
PITTSBURGH, CLEVELAND AND TOLEDO RR.
— New Castle June., Pa., to Akron June., O., 77.1
m. ; total track (steel; 60 Ibs.), 108.36 miles. Loco-
motives, 20. Cars — passenger, 12; combination, 5;
baggage, etc., 3; freight (box, 238; coal, 601; flat,
17), 856; service, 5 — total, 881. Organized June 5,
1882; road opened March 1, 1884. Leased to the P.
& W. Ry. Co. for 99 years from July 15, 1884, the
lessee guaranteeing the payment of interest on the
bonds. This guaranty has been assumed by the B.
& O. RR. Co. under an agreement requiring the P.
& W. Ry. Co. to pay to the Central Trust Co. of New
York $12,000 a month on account of rental, default
to entail a forfeiture of the lease, etc., to the B. &
O. RR. Co. (See Manual for 1900. page 63.)
Operations, year ending June 30, 1901. — Passen-
gers carried, 211.900; carried one mile. 10.595,707.
Tons freight moved, 4,953,041; moved one mile,
243,436,007. Earnings (passenger, $151.625.40;
freight, $1,135.311.89; other. $31.364.16), $1,318,-
301.45. Operating expenses, $851,150.26. Net earn-
ings (rental), $467,151.19. Payments: Taxes, $24,-
596.51; Interest on bonds, $144.000; on car trusts,
$8,548.44; other Interest, $39,837.50; organization
expenses, $745.50; car trusts, $31,761.10; construc-
tion and betterments. $123,850.07; other items. $12,-
192.77— total, $385.531.89. Surplus. $81.619.30;
surplus forward, $48,642.90— total, $130.262.20.
Balance Sheet. June 30, 1901. — Capital stock ($50
shares), $3,000.000; funded debt, $4,000.000; un-
funded debt, $998,453.61; profit and loss, $167,044.52
— total. $8.165.498.13. Contra: Cost of road, etc.,
$6,152,186.57; trust equipment, $279,553.81; treasury
bonds, $1.600.000; other assets, $133,757.75 — total,
$8,165,498.13. Funded debt consists of $2,400.000
outstanding 1st 6s of Oct. 1, 1922, and $1.600,000
1st consol. 4Js of Aug. 1, 1945, In the treasury
unsold (see Manual for 1901, page 61). The
B. & O. RR. Co. owns $1,505,000 of the capital
stock and has deposited It under the mortgage
securing Its Pittsburgh, Lake Erie and West
Virginia refunding bonds. Provision is made in
that mortgage for the retirement of the $2,400.-
000 outstanding 1st mtge. bonds, which the B. & O.
has the privilege of purchasing at 125 and accrued
1.055. Successor to the Painesville and Youngstown
Ry. Co., whose property was sold under foreclosure
June 3, 1886. The road from Fairport to Niles
was broadened to standard gauge, and leased to the
P. & W. RR. Co., Oct. 1, 1886, the lease providing
for the payment of the interest on the 1st mtge.
bonds. The rest of the line Is leased to the Trum-
bull and Mahoning RR. Co., statement for which see.
Operations, year ending June 30, 1901. — Passengers
carried, 36,043; carried one mile, 602.958. Tons
freight moved, 2,094.807; moved one mile. 103.908.-
903. Earnings (passenger, $15.953.54; freight, $453.-
315.70; other, $6,008.08), $475.277.32. Operating
expenses, $355,531.47. Net earnings (rental). $119.-
745.85. Payments: Interest on bonds, $62.500; on
real estate mortgages, $300; on car trust, $7.585.12;
taxes, $16,166.39; car trusts. $26.684.68; other Items,
$50,818.25— total, $164,054.44. Deficit, $44.308.59.
Balance Sheet, June 30, 1901. — Capital stock —
common, $800,000; preferred, $250.000; funded debt.
$1,250.000; floating debt, $817,735.62; profit and
loss, $24,140.47 — total. $3,141,876.09. Contra: Cost
of road. $3.136.245.42; other assets, $5.630.67—
total, $3,141,876.09. Funded debt consists of
$1.000,000 1st 5s of July 1, 1916. and $250,-
000 terminal 5s of July 1, 1916. The B. & O.
RR. Co. owns all the common stock, $219,300
of the preferred stock, $940,000 of the 1st mtge.
bonds and all the terminal bonds, and has pledged
them under its Pittsburgh, Lake Erie and West
Virginia System refunding mortgage. Thos. M.
King, Pres., Allegheny, Pa.; Jos. Chapman. Sec..
Painesville, O. ; W. H. Duffell, Treas.. Allegheny.
Pa. Office. Allegheny, Pa.
TRUMBULL AND MAHONING RR.— Projected:
Hazelton to Niles, O., 15 m.: completed, 11.38 m.,
of which 5.80 m. standard and 5.58 m. narrow gauge.
Sidings, etc., 2.18 miles. Leased: Pittsburgh,
Painesville and Fairport RR., from Niles to Youngs-
town, O., 9.5 miles. Chartered In 1887 and the
road built In that and succeeding years. The sec-
tion of the P., P. & F. RR. from Niles to Youngs-
town is leased In perpetuity and the rental commuted
in advance. (See statement for P., P. & F. RR.)
The company owns 40 acres of terminal property in
Youugstown, O. Capital stock, $500.000; funded
debt (1st 5s of Oft. 15. 1917). 8350,000. The cap-
ital stock and $200,000 of the bonds are pledged
under the mortgage securing the Pittsburgh. Lake
Erie and West Virginia System refunding bonds of
the B. & O. RR. Co.. and the remaining $150.000
bonds are pledged under the 1st mortgage of the
Pittsburgh and Western Ry. Co. L. F. Loree. Pros.:
3. V. McNeal, Treas.; C. W. Woolford, Sec., Balti-
more, Md.
2O. PROPBIETAKY RAILROADS NOT COVERED BT ANY OF THE BALTIMORE AND OHIO
RR. MORTGAGES.
Baltimore and New York Ry.— Cranford,
N. J.. to Arthur Kill Bridge, 5.3 m.: total track
(steel; 67 Ibs.), 9.92 mile*. Chartered Nov. 18, 1888;
road built in 1889. Operated ty the B. & O. RR. Co.:
operations Included In returns of main stem and
branches. Locomotives, 8. Cars. 2. Balance Sheet,
June 30, 1900.— Capital stock paid in (auth., $500,000;
par. $100), 8350,000; funded debt (1st to of May 1,
1889), $350000— total, representing cost, etc., $700.-
000. The B. & O. RR. Oo. owns the capital stock
and the bonds. J. Van Smith, Pres., New Tork.
N. T.; J. V. McNeal, Treas.; Corra N. Williams.
Sep., Newark. N. J. Offices, Foot of Whitehall
Street, New York, N. Y., and Newark, N. J.
POOR'S MANUAL — BALTIMORE AND OHIO SYSTEM.
61
Bay Ridge and Annapolis RR.— Bay Ridge
to Short Line June., Md., 4.5 m.; total track (steel,
4.6 m.), 5.76 miles. Rail, 70 Ibs. Chartered Feb. 10,
1886; road opened Aug. 1, 1886. Operated by the B.
& O. RR. Co. for account of the owners. Operations,
year ending June 30, 1901. — Gross earnings (pas-
senger). $1,549. Operating expense, $2,521. Defi-
cit from operation, $972. Accrued Interest on
bonds (not paid), $3,000; taxes, $197— total, $3,197.
Deficit for year, $4,169; deficit forward, $47,974 —
total, $54,143. Balance Sheet, June 30, 1901. — Cap-
ital stock (.$50 shares), $50,000; funded debt (1st 6s
of April 1. 1901), $50.000; current liabilities, $7,871
—total, $107,871. Contra: Cost of road, $55,728;
profit and loss, $55,143 — total, $107,871. All of the
bonds and $49,500 of the stock are owned by the
B. & O. RR. Co. L. F. Loree, Pres.; C. W.
Woolford, Sec.; J. V. McNeal, Treas. ; G. W. Booth,
And.. Baltimore. Md. Office, Baltimore, Md.
Point Pleasant, Bnckhannon and Ty-
Kart'H Valley RR. — Tygart's Junction to Lun-
ley Junction, W. Va., 4.18 m. ; Lunley Junction to
Century, W. Va., 5.12 m. — total, 9.30 m. ; total
track, 10.61 miles. The branch to Century was
opened on Jan. 1. 1901; the main line on July 1,
1901. Built by the B. & O. RR. Co. at a cost to
June 30, 1901, of $194.878. Capital stock (owned
by B. & O. RR. Co.), $5,550 in $100 shares. L. F.
Loree, Pres.; J. V. McNeal, Treas.; C. W. Wool-
ford, Sec., Baltimore, Md.
Schnylkill River East Side RR.— A line
connecting the B. & O. and P. & R. RRs. through
Philadelphia, with a branch to the Delaware River,
11 miles. Capital stock, $4,500,000. Funded debt
(1st 5s of Dec. 1, 1935), $4,500.000. The B. & O. RR.
Co. owns all of the capital stock and guarantees the
bonds. The road is operated by the B. & O. RR. Co.,
but no separate earnings and expenses are reported.
W. H. Addicks, Pres.; Theo. Frothingham, Sec.,
Philadelphia, Pa.; J. V. McNeal, Treas., Baltimore,
Md. Oflice, 2400 ChestnufSt., Philadelphia, Pa.
Smithfleld and Masontown RR.— Smith-
field to Lechrone, Pa., 7.01 m.; total track, 8.84 miles.
Chartered July 18, 1899; road opened April 1. 1900.
Operated by the B. & O. RR. Co. as a branch of the
Fairmont, Morgantown and Pittsburgh RR. Capital
stock ($110,000 auth.; $50 shares), $22,500. Cost of
road, $167,122. The stock is owned by the B. & O.
RR. Co.
"Winchester and Potomac RR.-Harper'g
Ferry, W. Va., to Winchester, Va., 32 m.; total track
(steel, 28.76 m.), 36.61 miles. Rail, 60 to 72 Ibs.
Chartered April 8, 1831 ; road opened in 1836. Leased
to B. & O. RR. Co., for 20 years (renewable forever),
from July 1, 1867, and operated as part of the Valley
Line; rental, $27,000— applied to interest on bonds
and dividends on stock. Dividends payable Jan. 1,
1898, and subsequently are In default, although Inter-
est on bonds and taxes have been paid regularly.
Capital stock, $180,000; bonded debt (1st mtge. re-
funded and reissued 6 p. c. bonds, due July 1, 1899.
$147,150; 2d mtge. 5 p. c. bonds, dated Dec. 27, 1882,
due July 1, 1913, $85.000), $232,150— total. $412,150.
The B. ' & O. RR. Co. owns all of the bonds and
$175.000 of the capital stock. John K. Cowen, Pres. ;
J. V. McNeal, Treas.; C. W. Woolford, Sec., Win-
chester, Va. Office, Winchester, Va.
Winchester and Strashnrgr RR.— Win-
chester to Strasburg June., Va., 20.38 m.; total
track, 23.88 miles. Chartered in 1860; road opened
in 1870. Leased for 17 years from July 1, 1870, to
B. & O. RR. Co., and operated as part of the Valley
Line. Lease amended and extended for 20 years,
from July 1, 1877, renewable forever thereafter.
Capital stock ($100 shares), $600,000, of which In-
dividuals hold 746 shares, OB which the B. & O.
RR. Co. guarantees dividends of 4 p. c. per annum.
The remaining 5.254 shares are held by the B. & O.
RR. Co. John K. Cowen, Pres.; C. W. Woolford,
Sec.; J. V. McNeal, Treas., Baltimore, Md. Office,
Winchester, Va.
21. RAILROAD LEASED BY THE BALTIMORE AND OHIO RR. Co.
Fayette Connty RR.— Gibson June, to Union-
town, Pa., 11.80 m.; total track, 18.72 miles. Rail,
43 to 56 Ibs. Leased to P. & C. RR. Co. for 99 years,
from Nov. 1, 1864; annual rental. $9,000. A suit is
pending in the courts to annul the lease. Dividends
quarterly, commencing Jan. 10, at the First National
Rank, TJniontown, Pa., 2 p. c. each, $8,592. Capital
stock ($50 shares), $107,400. Cost of road, etc., $130,-
000. F. C. Robinson. Pres ; J. V. Thompson, Sec. &
Treas., Uniontown, Pa. Office, Dnlontown, Pa.
22. Board of Directors, B. & 0. RR. Co., elected November 18, 1901.
On part of Stockholders :
Samuel Rea Philadelphia, Pa.
Jacob H. Schiff...New York, N. Y.
John K. Cowen Baltimore, Md.
Edward R. Bacon . .New York, N. Y.
8. M. Prevost Philadelphia, Pa.
John P. Green
Norman B. Ream Chicago, 111.
James Stillman New York, N. Y.
Edward H.Harriman.NewYork,N.Y.
Jas. McCrea Pittsburgh, Pa.
Martin Erdman....New York, N.Y.
Charles Steele "
On part of State of Maryland (Wash. Br.):
L. Victor Baughman Baltimore, Md. | Arthur P. Gorman Laurel, Md.
L. F. LOREE, President Baltimore, Md.
Oscar G. Murray, 1st Vice-President "
Geo. L. Potter, Gen. Manager "
Secretary— C. W. Woolford Baltimore, Md. I Comptroller -H. D. Bulkley Baltimore, Md.
Treasurer— J. V. McNeal " " | Asst. Comptroller— Geo. W. Booth
PRINCIPAL OFFICE AND ADDRESS Central Building, Baltimore, Md.
23. BALTIMORE AND OHIO SYSTEM.— Controlled Roads.
SH4RPSYILLE RR.— Sbarpsville, Pa., to Wilmington June., Pa., 17 m.; branch at
Sharps ville, Pa., 0.75 m. — total, 17.75 m.; total track (steel, 9 m.), 21 miles. Gauge, 4 ft.
8| in. Rail, 56 and 60 Ibs. Chartered March 6, 1876 ; road opened in 1877. Placed in the
hands of a receiver on Jan. 20, 1897. Controlled by the Baltimore and Ohio RR. Co., by
ownership of a majority of the capital stock. Locomotives, 3. Combination car, 1.
Operations, year ending June 30, 1901. — Trains run (mixed), 22,8^2 miles. Passengers
carried. 8,132; carried one mile, 52,858. Tons freight moved, 17,421 ; moved one mile,
241,988. Earnings (passenger, $3,765 ; freight, $5,177 ; other, $11.967). $20,909 ; other
receipts, $7— total, $20.916. Operating expenses, $25,542; other deductions, $1,413— total,
$26,955. Deficit, $6,039.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $850,000; current
62 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
liabilities, $164,466.02— total, $514,466.02. Contra: Cost of road, $422,590.24; equipment,
$26,856.19; cash and current assets, $3,860.87; sundries, $423.62 ; profit and loss, $60,735.10
—total. $514,466. 02.
Directors (elected Jan. 6, 1902).— A. W. Black, D. F. Maroney, J. W. Renner, E. B. Taylor,
Pittsburgh, Pa.; G. M. Mcllvain, J. J. Pierce, Sharpsville, Pa.; C. W. Woolford, Baltimore,
Md. OFFICERS : G. M. MC!LVAIN, Receiver & Supt., Sharpsville, Pa.; L. F. LOREE. Pres.;
C. W. Woolford, Sec.; J. V. McNeal, Treat.; G. W. Booth, And., Baltimore, Md. GENERAL
OFFICE, Pittsburgh, Pa.
STATEN ISLAND BY.— Tottenville to Clifton, N. T., 12.04 m.; 2d track, 10.04 m.;
total track (steel; 56 Ibs.), 23.35 miles. Gauge, 4 ft. 8| in. Successor, in April, 1873, to the
S. I. RR. Co., whose property was sold under foreclosure in Sept., 1872. Leased, July 31,
1884, to the Staten Island Rapid Transit RR. Co., but that company failing to keep its agree-
ments under the lease, the operation of the road was resumed by this company on July 14,
1899. The Baltimore and Ohio RR. Co. owns more than 54 p. c. ($569,850) of the capital
stock of this company.
Rolling Stock, June 30, 1901. — Locomotives, 4. Cars — passenger, 13 ; freight (box, 2 ;
flat, 4), 6; caboose, 1 — total, 20. Also, 4 ferryboats.
Operations, year ending June 30, 1901. — Trains run (passenger, 163,285; freight, 7,690;
other, 350), 171,325 miles. Passengers carried, 1,309,466; carried one mile, 12,070,657. Tons
freight moved, 32,323 ; ton-miles, 233,048. Earnings (passenger, $117,013 ; freight, $8,237;
other, $52,674), $177,924. Operating expenses, $141,915. Net earnings, $36,009. Payments:
Interest on bonds, $22,995; taxes, $10,372— total, $38,367. Surplus, $2,642; surplus forward,
$11,546— total. $14,188.
General Balance Sheet, June 30, 1901.— Capital stock ($75 shares), $1,050,000 ; funded
debt (1st 4is of June 1, 1943, int. J. & D.), $511,000 ; current liabilities, $30,468 ; accrued
liabilities, $9,810; profit and loss, $14,188— total, $1,614,966. Contra; Cost of property,
$1,5.)9,917; cash and current assets, $55,049— total, $1,614,966.
Directors (elected April, 1902).— L. F. Loree, C. W. Woolford, Baltimore, Md.; George
F. Randolph, C. S. Sims, Lester W. Clark, P. H. Cassidy, P. H. Marshall, H. K. S. Wil-
liams, New York. N. Y.; Wm. King, Perth Amboy, N. J. OFFICERS: L. F. LOREE, Pres.,
Baltimore, Md.; George F. Randolph, Vice-Pres., New York, N. Y.; C. W. Woolford, Sec.,
Baltimore, Md.; Edward Curry, Treas. & Asst. Sec.; C. 8. Sims, Gen. Mgr.; George J.
Brown, And., New York, N. Y. GENERAL OFFICE, Foot of Whitehall St., New York, N. Y.
STATEN ISLAND RAPID TRANSIT RY.— Elizabethport, N. J., to South Beach,
N. Y., 10.90 m.; 2d track, 8.8 m.; total track (steel; 70 Ibs.), 32.79 miles. Gauge, 4 ft. 8* in.
Chartered July 31, 1899, as successor to the Staten Island Rapid Transit RR. Co., whose
property was sold under foreclosure on April 20, 1899. The company took over the property
for operation on Aug. 31, 1899. The company owns one-half interest in The Rapid Trantit
Ferry Co., operating the ferries between the Battery and Staten Island. The Baltimore and
Ohio RR. Co. owns 99.64 p. c. ($498,200) of the capital stock of the company.
Rolling Stock, June 30, 1901. — Locomotives, 28. Cars — passenger, 88 ; freight (box, 5 ;
flat, 8), 13 ; caboose, 2 ; service, 20 — total, 123.
Operations, year ending June 30, 1901. — Train mileage — passenger, 323,040 ; freight,
67,942; other, 128,517 — total, 519,499 miles. Passengers carried, 4,056,282; carried one mile,
13,191,029; average mile rate, 1.476 cents. Tons freight moved, 1,402,841; moved one mile,
9,752,549 ; average ton-mile rate, 2.735 cents. Earnings — passenger, $194,642.20 ; freight,
$266,764.54 ; mail and express, $4,312.05 ; miscellaneous, $53,650.04— total ($47,648.52 per
mile), $519,368.83. Operating expenses— maintenance of way, $42,951.63; maintenance of
equipment, $41,473.33; transportation, $177,176.69; general, $16,632.72— total, ($25,526.09
per mile), $278,234.37. Net earnings (46.43 p. c.), $241,134.46. Deductions : Interest on
bonds, $160,000; interest on debt, $17,395.94; taxes, $26,226.44— total, $203,622.38. Surplus,
$37,512.08; surplus forward, $41,871.55— total, $79,383.63. Deductions, $246 ,64.Surplus,
June 30, 1901, $79,136.99.
Statement of earnings, expenses, and fixed charges for seven years ending June 30 :
1895 1896 1897 1898 1899 1900 1901
$ $ $ $ $ $ $
Gross Receipts 875,34251 764,45565 648,31591 680,28621 693,59694 557.73177 519,36883
Operating Expenses 489,25871 416,54348 392,32375 375,65367 401,85871 284,76112 278,23437
Net Earnings... ..386,08380 347,91217 2.55,99216 304.032 54 291.73828 272,97065 241,13446
Interest, Rent's & Taxes. 326,936 14 321,46713 328,44814 327,21235 354,56952 217,79818 203,62238
Balance, Surplus. ... 59,14766 26,44504 d. 72,455 98 d. 22,579 81 d. 62, 831 39 55,17247 37,51208
General Balance Sheet. June 30, 1901.— Capital stock ($100 shares), $500,000 ; funded
debt (2d4sof July 1, 1904, int. J. & J.), $2,500,000; real estate mortgages, $162,000; cur-
rent liabilities, $701,758.76; accrued interest, $65,000; profit and loss, $79,136.99— total,
POOR'S MANUAL OF RAILROADS. 68
$4,007,895.75. Contra ; Cost of road, $2,502,252.48 ; equipment, $535,615; securities of other
companies, $134.003.05; materials and supplies, $59,452.48; current accounts, $599,640.97
cash, $176,931.77— total, $4,007,895.75.
There are outstanding $1,000,000 6 p. c. 30-yr. 1st mtge. gold bonds of Oct. 1, 1913, of
the old S. I. R. T. RR. Co. which are a prior lien on the property; but they are not a debt of
the present company, nor is it liable for them either as to principal or interest. The 2d mtge.
bonds are guaranteed as to interest by the Baltimore and Ohio RR. Co., and that company
has the option of purchasing them at any time on 30 days' notice at par and accrued interest.
Directors (elected April, 1902).— L. F. Loree, C. W. Woolford, Baltimore, Md.; C. 8.
Sims, Vernon H. Brown, J. F. Emmons, James M. Davis, Louis L. Stanton, W. H. Force,
Lyman McCarty, New York, N. Y. OFFICERS : L. F. LOREE, Pres., Baltimore, Md.; C. 8.
Sims, Vice-Pres., New York, N. Y.; C. W. Woolford, See.; J. V. McNeal, Treat., Baltimore,
Md.; 8. P. Krejzer, Asst. Sec.; Edward Curry, Atst. Treas., New York, N. Y. GENERAL
OFFICE, Foot of Whitehall St., New York, N. Y.
VALLEY ER.— Harrisonburg, Va., to Lexington, Va. (inel. 1 m. trackage), 62 m.; total
track (steel, 63.61 m.), 70.22 miles. Gauge, 4 ft. 8| in. Chartered Feb. 23, 1866 ; road com-
pleted to Lexington in 1883. (See MANUAL for 1893, page 650.) Company owns 3 locomotives;
rest of equipment supplied by the B. & 0. RR. Co.
Operations, year ending June 30, 1901. — Train mileage — passenger, 87,468 ; freight,
32,424— total, 119,890 miles. Passengers carried, 73,771; carried one mile, 1,472,593; average
mile rate, 3.11 cents. Tons freight moved, 190,063; moved one mile, 5,286,670; average
ton-mile rate, 1.40 cents. Earnings— passenger, $45,733.62 ; freight, $74,059.02 ; mail and
express, $6,793.53 ; other, $1,086.16— total, $127,672.33. Operating expenses, $109,986.78.
Net earnings, $17,685.55 ; rents, etc., $1,167.54— total, $18,853.09. Deductions : Interest on
bonds, $45,000 ; taxes, $2,298.13— total, $47,298.13. Deficit, $28,445.04 ; deficit forward,
$437,441.16— total, $465,886.20. Additions for year, $9,616.99. Deficit, Juno 30, 1901,
$456,269.21.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($3,200,000 auth.; $100
shares), $2,712,200; funded debt (1st 6s of Oct. 1, 1921, int. A. & O.), $750,000; accrued
interest, $247,500 ; current liabilities, $146,296.46 ; subscription to stock for which no certifi-
cates were issued, $31,174.55— total, $3,887,171.01. Contra: Cost of road, $3,348,768.13;
equipment, $20,553.73; real estate, etc., $4,123.93; bonds owned, $25,000 ; materials and
fuel, $8.345.83; cash and current assets, $24,110.18; profit and loss, $456,269.21— total,
$3,887,171.01.
The Baltimore and Ohio RR. Co. owns $1,020,000 of the capital stock and the entire
$750,000 of bonds. The authorized issue of bonds is $1,000,000.
Directors (elected Oct. 9, 1901).— Wm. R. Allen, Fincastle, Va. ; W. A. Anderson,
Lexington, Va.; R. W. Burke, Staunton, Va. ; Chas. T. Crane, Thos. J. Shryock, L. F. Loree,
H. G. Vickery, Baltimore, Md. OFFICERS : L. F. LOREE, Pres. ; C. W. Woolford, Sec. ;
J. V. McNeal, Treat.; G. W. Booth, Aud., Baltimore, Md. GENERAL OFFICE, Staunton, Va.
BESSEMER AND LAKE ERIE RAILROAD COMPANY.
Mileage Operated, Dec. 31, 1901.— A. LEASED LINES (toial, 220.71 miles).
Pittsburg, Bessemer and Lake Erie RR. (see appended statement) 197.92 miles.
Meadville, Conneaut Lake and Ltnesvitte MM. (see appended statement) 22.79
B. TRACKAGE RIGHTS (total, 12.90 miles).
New York, Chicago and St. Louis MB. : Wallace June, to Cascade, Pa 12.40 "
Pittsburgh and Western MM. : P. & W. June, to Butler, Pa 0.50
Total length of lines operated, Dec. 31, 1901 233.61 miles.
2d track, 7.99 m. ; sidings, 81.13 miles. Gauge, 4 ft. 84 in. Rail (steel), 100 Ibs.
History. — Chartered Dec. 31, 1900, to build a railroad from Kremis, Pa., on the main
line of the Pittsburgh, Bessemer and Lake Erie RR., to a connection, near Salem, Pa., with
the Lake Shore and Michigan Southern Ry., a distance of 8.18 miles, with a branch line to
Osgood, Pa., 1.85 miles in length. Under date of April 1, 1901, the company took a 999-year
lease of the Pittsburg, Bessemer and Lake Erie RR., agreeing to pay an annual rental of
interest on bonds, 6 p. c. on preferred stock and 3 p. c. on common stock, and assuming the
lease of the Meadville, Conneaut Lake and Linesville RR. and the contracts for trackage
rights over the New York, Chicago and St. Louis RR. and Pittsburgh and Western RR.
64
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Rolling Stock, Dec. 81, 1901 (leased). — Locomotives, 75. Cars — passenger, 26 ; ba,
gage, etc., 18; freight (box, 196; stock, 9 ; flat, 60; coal, 6,515), 6,780; service, 129— tote
6,948.
Operations, 9 months ending Dec. 81, 1901. — Train mileage— passenger, 275,46'
freight, 603,753 ; mixed, 81,911 ; other, 859,483 — total, 1,270,611 miles. Passengers carrie
386,244 ; carried one mile, 9,691,011 ; average mile rate, 1.64 cents. Tons freight move
4,718,603 ; moved one mile, 609,972,467 ; average ton-mile rate, 0.35 cent.
Earnings— Passenger $159,004 34
Freight 2,347,600 95
Mail and Express 20,928 78
Miscellaneous 116,99? 57
Expenses— Maint. Way & Structures $266,642
Maintenance of Equipment 227,824
Conducting Transportation 607,329
General Expenses „ 55,819
Total ($11,320.26 per mile) $2,644,526 64 Total ($4,955.33 per mile) $1,157,614
Net earnings (56.23 p. c.), $1,486,911.74. Payments : Interest on bonds, $775,058.3:
other interest, $20,628.48 ; rentals, $10,000 ; taxes, $49,065.49 ; dividends on P., B. & L. '.
stock, $314,939.25— total, $1,169,691.54. Surplus, $317,220.20
General Balance Sheet, Dec. 31, 1901.— Capital stock paid in ($500,000 auth. ; $1'
shares), $100,000 ; current liabilities, $200,454.87; interest accrued, not due, $179,770.8!
profit and loss, $317,220.20— total, $797,445.89. Contra: Cost of road, $238,779.79 ; m
terial s and supplies on hand, $76,091.28; cash on hand, $45,245.37; current accounts ai
balances, $437,329.45— total, $797,445.89.
RAILROAD LEASED BY THE BESSEMEK AND LAKE ERIE RR. Co.
Pittsburgr, Bessemer and Lake Erie RR. — North Bessemer, Pa., to Conneaut Harbor, (
146.32 m. ; Branchton to Gomersol, Pa., 3.92 m. ; Branchton to Billiard, Pa., 10.3 m. ; Conneaut Jui
to Wallace June., Pa., 8.71 m.; Cascade to Erie, Pa., 2.16 m. ; other branches and spurs, 26.51 m. — tot
197.92 m. ; 2d track, 7.99 m. ; total track (steel; 100 Ibs.), 285.67 miles. This company leases t
Meadville, Conneaut Lake and Linesville RR., 22.79 miles, and has trackage rights in the New Yor
Chicago and St. Louis RR., between Wallace Junction and Cascade, Pa., 12.4 miles, and in t
Pittsburgh and Western RR., between P. & W. Junction and Butler, Pa., 0.5 mile. The compa
is a consolidation, Jan. 20, 1897, of the Pittsburgh, Shenango and Lake Erie RR. Co., and the Butler a
Pittsburgh RR. Co. (see Manual for 1897, page 837). The property is leased to the Bessemer a
Lake Erie RR. Co., for 999 years from April 1, 1901, at a yearly rental of the Interest on the bon
and dividends of 6 p. c. on the preferred stock and 3 p. c. on the common stock, the lessee assuming t
lease of the Meadville, Conneaut Lake and Linesville RR. The equipment of the company on Dec. J
1901, consisted of 75 locomotives and 6,948 cars (see lessee's statement); 496 of the coal cars are least
while 41 locomotives, 150 box cars, and 4,700 coal cars are held under equipment trusts.
General Balance Sheet, March 31, 1931 (latest rendered).
Cost of Road and Equipment $26,150,918 77
525 00
145,478 56
158,256 30
57,042 94
996,498 52
Securities Owned.
Cash in Hands of Treasurer
Accounts Due, Receivable, etc.
Supplies and Materials, etc
Profit and Loss
Total Assets $27,508,720 09
Common Stock $10,000,000
Preferred Stock 2,000,000
Funded Debt 14,134,159
Interest on Bonds, Stocks, etc 184,583
Loans and Bills Payable 650,000
Current Accounts, etc 539,917
Total Liabilities $27,508,720
No details of funded debt were furnished other than that there were outstanding on the date of t
balance sheet, $10,000,000 of consol. mtge. and underlying bonds, $1,500,000 of debenture bonds, a
$2,634,159.73 of equipment trust obligations. The consol. mtge. and underlying bonds consisted of (
$3,000,000 P., S. & L. E. RR. 1st gold 5s of Oct. 1, 1940; (2) $660,000 P., S. & L. E. RR. consol. 1st gc
5s of July 1, 1943; and (3) $6,340,000 P., B. & L. E. RR. consol. 1st gold 5s of Jan. 1, 1947. T
1st mtge. bonds (1) of the P., S. & L. E. RR. Co. are secured on the line from Butler to Walla
June., Pa., 106.7 miles, on the branches to Billiard and to Gomersol, 14.22 miles, and on 10.06 mi]
of other branches — a total of 132.4 miles. The 1st consol. mtge. bonds (2) of the P., S. & L. E. RR. (
are secured on the same 132.4 miles of road, but subject in lien to the 1st mtge. bonds, and are secur
by first mortgage on the line from Cranesville, Pa., to Conneaut Harbor, O., 14.4 miles, on the bran
from Cascade to Erie, Pa., 2.16 miles, and on 2.5 miles of other branches. The 1st consol. mtj
bonds (3) of the P., B. & L. E. RR. Co. (authorized, $10,000,000) are secured on the entire property
the company, subject to prior mortgages. The debenture bonds ($2.000,000 auth.) are redeemable on a
Interest day after June 1, 1909, at par and accrued interest, together with one-half of one per cent,
year for the unexpired term of the bond. It is provided that if the company shall execute any mortga
after the date of these debentures, except to secure bonds issued exclusively for retiring existi
mortgage bonds, or except to secure bonds issued exclusively for the extension of the property, su
mortgage shall secure these bonds equally with any other bonds secured by the same mortgage. T
equipment trust obligations, as issued, are as follows (the amount of each class outstanding Is r
reported): $450,000 Bessemer Equipment Trust, payable $75,000 yearly, July 1. 1901-1906, secured
10 locomotives and 600 gondola cars; $400,000 ($500,000 auth.) Conneaut Equipment Trust, payable $50.0
yearly, March 1, 1901-1904, and $60,000 yearly thereafter, secured on 13 locomotives, 400 gondola cai
and 100 box cars; $725,000 Shenango Equipment Trust, payable $72,000 yearly, April 1, 1904-1908, a
$73,000 yearly thereafter, secured on 7 locomotives, 200 hopper cars, and 700 steel gondolas; $1,000,0
Greenville Equipment Trust, payable $100,000 yearly, May 1, 1911-1920, secured on 6 locomotives, 4
steel hopper cars, and 400 steel gondola cars; and $2,050,000 Butler Equipment Trust, payable on April
Railroad Map of New York.
American Bank Note Company
78 TO* 86 TRINITY' PLACE
[c/.
NEW YORK
s, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2tto VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual — Railroad Map of the United States, 1902.
2' Longitude H'rxf 1 from Washington 0
NEW YORK.
Railroad Map of New York.
POOR'S BUREAU
OF
Information and Investigation,
Conducted in connection with and as an adjunct to
Poor's Manual of Railroads,
WILL FURNISH UPON ORDEK
Detailed information relative to new or projected Railroads,
Analyses of Railroad and other reports,
Statistics of Steam, Electric, Cable and Horse Railways,
Advance information relative to Railroad reports, etc. ; or will make
Full and comprehensive investigations into Railroad mortgages, bonds, leases OP
other contracts.
In a word, we propose to furnish information of any character coming within the scope
of this Bureau, but not contained in or within the province of our three annual publica-
tions, viz.:
POOR'S MANUAL OF RAILROADS,
POOR'S HAND-BOOK ON INVESTMENT SECURITIES,
POOR'S DIRECTORY OF RAILWAY OFFICIALS and
MANUAL OF AMERICAN STREET RAILWAYS.
Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.
Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at any time through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will
be carefully followed, and all facts relating to such proceedings noted for reference.
It is believed that the establishment of this Bureau will prove of great benefit to the
subscribers for our annual publications, »s it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
ments or projects, besides securing the privilege of access to our Library, which contains
all reports and documents issued during the past Jialf century.
Annual subscribers to this Bureau "may call for whatever information they desire
during the period of their subscription. Terms upon application. Address
JOHN P. MEANY, Manager,
4-4- Broad Street, New York, N. Y.
POOR'S MANUAL OF RAILROADS.
65
1921, secured on 9 locomotives, 50 box cars, 1,000 steel hopper cars, and 1,000 steel gondola oars. Additional
particulars respecting the funded debt will be found in the Ready Reference Bond List — see General
Index. James H. Reed, Pros.; Jabez T. Odell, Vice-Pres. ; G. W. Kepler, Sec. & Treas. ; D. Hum, Jr.,
Auditor, Pittsburgh, Pa. Office, Carnegie Building, Pittsburgh, Pa.
MEADVILLE, CONNEAUT LAKE AND LINES-
VILLE RK.— Meadville to Linesville, Pa., 20.54 in.;
branch to Vallonia, 1.05 m.; Lynce's June, to Ex-
position, 1.2 m.; total, 22.79 m.; total track (steel,
24.79 m.), 25.9 miles. Rail, 60 Ibs. Reorganization
in 1891, of the Meadv. & Linesv. RR. Leased for 99 Pres. ; John E. Reynolds, Sec. & Treas.
years from June 8, 1901, to the P., B. & L. E. RR. Meadville, Pa.
Co., and lease assumed by the B. & L. E. RR.
Co. ; rental, 25 p. c. of gross earnings. Balance
Sheet, June 30, 1901.— Capital stock, $200,000; funded
debt, 1st mtge. 5 p. c. bonds, $200,000— total, rep-
resenting cost of property, $400,000. R. A. Franks,
Office,
Board of Directors, Bessemer and Lake Erie RR. Co.
James H. Reed Pittsburgh. Pa.
W.W.Blackburn...
D. M. Clemson " "
Thomas Morrison... Pittsburgh, Pa.
D. G. Kerr "
George E. McCague. "
E. H. Utley Pittsburgh, Pa.
R. A. Pranks Hoboken, N. J.
E. H. Gary New York, N. Y.
JAMES H. REED, President Pittsburgh, Pa.
D. M. Clemson, Vice- President * " "
Sec. & Treas.— G. W. Kepler Pittsburgh, Pa. | Gen. Manager— E. H. Utley Pittsburgh, Pa.
Auditor— D. Hum, Jr '. . .Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS Pittsburgh, Pa.
BUFFALO, ROCHESTER AND PITTSBURGH RAILWAY COMPANY.
(For map of this system, see page 67.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of 10
Debentures, Conversion of 5
Directors and Officers 15
Equipment, Cost of 13
Funded Debt, Details of 11
General Balance Sheet 9
Guaranteed Bonds, Details of... 13
History 4
Income Account, year 1900-01 7
Mileage Operated, June 30, 1901. 1
Operations, Property, and Gen-
eral Balances, 1894-1901 8
Proprietary and Leased Rail-
roads, Statements of 14
Proprietary Interests 3
Rolling Stock, Details of 6
Trackage Rentals 2
1. Mileage Operated, June 30, 1901.— A. LINES OWNED IN FEE (total, 253.36 miles).
Buffalo Division : Buffalo Creek, N. Y., to Howard Junction., Pa 80.80 miles.
Pittsburgh Division : Clarion Junction to Lindsey, Pa 60.43 "
Rochester Division : Rochester, N. Y., to Ashford, N. Y 93.70 "
Branches: Beechtree Mine, 5.97m.; Eleanora Mine, 5.65m.; Adrian Mine,
4.83 m. ; Walston Mine, 1.98 m.— total 18.43 "
B. PROPRIETARY LINES (total, 30.93 miles).
Lincoln Park & Charlotte RR. : Lincoln Park to Charlotte, N. Y 10.30 "
Perry RR. : Silver Lake Junction to Silver Springs, N. Y 1.03 "
Johnsonburg & Bradford RR. : Howard Junction to Mt. Jewett, Pa 19.60 "
C. LEASED LINES (total, 87.45 miles).
Clearfield & Mahoning Ry. : Du Bois Junction to Clearfield, Pa 25.87 "
Mahoning Valley RR. : Stanley to Helvetia, Pa 1.89 "
Allegheny and Western Ry. : Lindsey to Butler, Pa 59.57 "
Allegheny Terminal Ry.: Allegheny City, Pa 0.12 "
D. TRACKAGE RIGHTS (total, 100.34 miles).
Erie RR. : Mt. Jewett to Clarion Junction, Pa 20 76 "
Buffalo Creek RR. : Buffalo to Buffalo Creek, N. Y 1.93 "
Pennsylvania RR. : East Buffalo to Buffalo Creek, N. Y 1.96 "
N. T. C. & H. R. RR.: Buffalo to East Buffalo, N. Y 1.09 "
N. T. C. & H. R. RR. : Beech Creek Junction to Clearfield, Pa 0.47 "
Pitttburgh & Western RR. : Butler to Allegheny City, Pa 40.90 "
Pittsburgh & Western RR. : Ribold Junction to New Castle, Pa 33.24 "
Total length of all lines operated, June 30, 1901 472.08 miles.
2d track, 13.96 m.; sidings, etc. (owned, 155.24 m.; leased, 30.58 m.), 185.82 miles. Gauge,
4 ft. 8| in. Rail — iron (10 m.), 54 Ibs. ; steel (owned, 443.4.9 m.-; leased, 118.03 m. ; trackage,
100.34 m.— total, 661.86 m.), 60 to 100 Ibs.
66 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
2. Trackage Rentals. — For the use of the line from Butler to New Castle the com-
pany pays a yearly rental equivalent to 5 p. c. on one-half the cost thereof, besides a
wheelage proportion of the cost of maintenance and operation ; and for the use of the line
from Ribold Junction to Allegheny City it pays a fixed rate per car. For the use of the
tracks of the Erie RR. between Mount Jewett and Clarion Junction the company pays a
yearly rental of $40,225.90, besides a proportion of the cost of maintenance.
3. Proprietary Interests..— The company owns the capital stocks of the Perry RR.
Co., Lincoln Park and Charlotte RR. Co., Johnsonburg and Bradford RR. Co., and
Rochester and Pittsburgh Coal and Iron Co. , and through its ownership of the last named
controls the Jefferson and Clearfield Coal and Iron Co. (For information respecting the coal
companies, see GENERAL INDEX.) In accordance with the laws of the State of New York the
Lincoln Park and Charlotte RR. Co. and the Perry RR. have ceased to exist as corporations
separate from the Buffalo, Rochester and Pittsburgh Ry. Co.
4. History. — Consolidation, March 11, 1887, of the Buffalo, Rochester and Pittsburgh
RR. Co. and the Pittsburgh and State Line RR. Co., corporations chartered respectively in
New York and in Pennsylvania, in pursuance of a plan for the reorganization of the original
Buffalo, Rochester and Pittsburgh Ry. Co. In the MANUAL for 1887, on pages 125 and 126,
there is a sketch of the history of the system brought down to the date of the consolidation,
and in subsequent editions of the MANUAL later developments are recorded.
Arrangements have been made to build a branch 28.5 miles in length, from a point on
the main line near Punxsutawney, Pa., to McKee's in Indiana County, Pa., the cost thereof
estimated at $800,000, to be met by issuing additional debenture bonds. This branch, which
is expected to be in operation in 1903, will provide an avenue for a large coal tonnage from
properties recently acquired by companies tributary to the system.
5. Proposed Conversion of Debentures. — At special meetings held in Nov., 1901, the
stockholders accepted an offer of the holders of the outstanding $1,000,000 of debenture
bonds to reduce the rate of interest thereon to 4 p. c. per annum from Jan. 1, 1902, and to
make the bonds convertible into common stock at par. The remaining $2,000,000 of the
issue of debentures authorized in 1897, bearing interest at the rate of 4 p. c. per annum, arc
made redeemable on the same terms, and when issued are to be offered for subscription to
the stockholders of the company. An increase of $3,000,000 of Common stock Las been
authorized, to be used in redeeming the convertible debenture bonds.
6. Rolling Stock, June 30, 1901. — Locomotives, 177. Cars — passenger, 58 ; cafe, 2;
chair, 2 ; baggage, 15; milk, 2 ; freight (box, 1,768 ; stock, 8 ; refrigerator, 5 ; flat, 353 ;
gondola, 7,916), 10,050 ; service, 309 — total cars, 10,438. Of this equipment, 46 locomotives,
22 passenger train cars, 150 box, 100 coke, and 3,638 coal cars are covered by car trust, while
36 locomotives, 12 passenger cars, and 1,397 freight cars are leased.
7. General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures.. $570,835 94
Maintenance of Equipment 694,546 09
Conducting Transportation 1,877,422 40
General Expenses 134,372 17
Earnings— Passenger $711,231 66
Freight 4,783,953 70
Mail and Express 59,642 90
Miscellaneous 248,864 27
Total ($12,293.88 per mile) $5,803,692 53
Total ($6,941.99 per mile) $3,277,176 60
Net earnings (43.53 p. c.), $2,526,515.93 ; other receipts, $26,925.89— total, $2,553,-
441.82. Payments: Interest on bonds (mortgage bonds, $533,370; income bonds, $300;
debenture bonds, $55,000; real estate mortgages, $15,290.04; car trusts, $30,500.01 ; equip-
ment agreement, series A, $22,500 ; series B * $34,297.50 ; guar. bonds, $18,900), $710,-
157.55; rentals accrued, $473,725.90; interest on balances, etc., $32.78; taxes, $102,000;
equipment agreement, sinking fund (series A, $25,000; series B, $27,087.34), $52,087.34;
extraordinary expenses and improvements, $29,856.10 — total, $1,367,859.67. Surplus, $1,185,-
582.15; surplus forward, $1,184,562.85— total, $2,370,145. Deductions: Dividends on pre-
ferred stock (No. 13, Aug. 15, 1900 ; No. 14, Feb. 15, 1901, 3 p. c. each), $360,000 ; on
common stock (No. 1, Feb. 15, 1901, 2 p. c.), $120,000 ; car trust bonds paid off, $126,000 ;
construction expenditures, $374,278.05— total, $980,278.05. Surplus, June 30, 1901, $1,389,-
866.95. Preferred dividend No. 15, of 3 p. c., and common dividend No. 2, of 2 p. c., were
paid Aug. 15, 1901 ; preferred dividend No. 16 and common dividend No. 3, respectively of
the same rates, were paid on Feb. 15, 1902.
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68
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
8. Statement of operations, property, and general balances for eight years ending
June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated (aver.).
Passenger Train Mileage...
Freight Train Mileage
Mixed Train Mileage
335.78
557,010
1,527,687
10,362
335.78
534,291
1,813,787
5,352
339.66
530,017
1,748,367
16,666
338.66
537,851
I,«53,a82
11,884
335. 05
547,026
1.894,566
7,296
337.68
541,083
1,884.650
7,512
405.16
744,250
2,150,625
9,018
472.08
962,471
2,127.856
31,028
Total Revenue Mileage . .
Passengers Carried
2,095,059
771,138
16,133,349
2,982,732
415,623.939
i
354,142
2,235,039
191,056
2,353,430
742,702
15,410,668
3,754,946
536.968,459
$
332,176
2,507,380
188,659
2,295,050
742,102
16,055,899
3,775,504
542,557,063
8
346,078
2,595,678
200,132
2,202,817
714,827
15,374,634
4,373,188
575,169,465
$
328,540
2,764,589
218,637
2,448,888
733,208
16,255,160
5,874.173
734,471 656
S
347,869
3,104,411
231,210
2,433,245
772,871
17,095.220
6,247,910
770,285,887
8
357.807
3,178,442
252,208
2,903,893
901,425
23,454,594
6,641,744
904,350,661
$
493,518
4,215.276
283,353
3,121,355
1,002,677
34,860,229
6,771,047
875,637,083
8
711,232
4,783,954
308,507
Passengers One Mile
Tons Freight Moved
Tons Moved One Mile,
Earnings Passenger
Freight
Other
Gross Traffic Earnings
Operating Expenses
2,780,237
2,050,435
3,028,215
2,172,428
3,141,888
2,200,716
3,311,76ft
2,253,454
3,683,590
2,366,415
3,788,457
2,441,394
4,992,147
2,888,610
5,803,693
3,277,177
Net Traffic Earnings
729,802
39,588
855,787
38,225
941,172
37,888
1,058,312
35,510
1,317,175
22,514
1,347,063
13,512
2,103,53';
19,988
2,526.516
26,926
Other Receipts
Net Income
769,390
624,494
123,932
69,890
894,012
627,523
124,960
59,72s
979,060
649,761
127,460
63,642
1,093,822
645,482
120,«65
76,704
1,339,690
670.231
121,981
62,303
120,000
1,360,575
668,441
127,964
70,500
120,000
2,123,525
683,321
303,114
102,000
240,000
2,553,442
710,158
473,726
102,000
360.000
120,000
81,976
+ 705,582
12,293 88
6,941 99
5,351 89
56.47 p. c.
2.07 c.
0.55 c.
284.29
453.49
443.49
\r>
79
10,359
12,000,000
13,336,000
Payments — Interest
Rentals
Taxes
Pref. Dividends
Com. Dividends
Other
30,101
- 79,027
8,279 93
6,106 48
2,173 45
73.75 p. c.
2.20 c.
0.54 c.
285.15
397.64
362.64
135
54
6,978
$
12,000,000
10,893,500
666,000
127,178
349,151
25,207
39,132
+ 43,669
9,018 45
6,469 79
2,548 66
71. 74 p. c.
2.18 c.
0.46 c.
285.15
397.26
365.26
137
53
7/88
$
12,000.000
10,824,500
878,970
126,787
583,211
67,873
20,553
-1-117,644
9,250 01
6,479 17
2,770 84
70.05 p. c.
2.18 c.
0.47 c.
285.70
405.98
285.70
138
54
7,439
$
12,000,000
10,968,500
762,000
130,922
573,682
185,428
20,084
+230,887
9,779 02
6,654 03
3,124 99
69.05 p. c.
2.16 c.
0.48c.
284.70
412.62
284.70
132
53
7,300
8
12,000,000
11,827,500
132,854
+ 232,321
10,964 70
7,043 93
3,920 75
64. 24 p. c.
216c.
0.42 C.
281.99
419.74
394.74
142
53
7,509
$
12,000,000
12,089,000
103,719
+269,951
11,208 45
7,223 06
3,985 39
64. 44 p. C.
2.12 c.
0.41 c.
283.72
432.70
417.70
164
53
8,018
$
12,000,000
12,071,000
160,406
+ 634,684
12,321 29
7,129 55
5,191 87
57.84 p. c.
2.12 C.
0.47 c.
284.29
436.64
426.64
162
67
9,158
8
12,000,000
12,462,000
Balance ( + or - )
Gross Earnings per Mile . . .
Operating Exp. per Mile . . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile..
Miles Road Owned
Miles Track Owned
Miles Steel Rail Therein . . .
Locomotives
Pass, and Baggage Cars
Freight and Other Cars
Capital Stock
Funded Debt
Bills Payable
[nterest Accrued. . .
130,185
658,164
416,315
131,392
455,171
588,036
131,317
329,515
858,587
134,682
718.t-67
1,184,563
141,622
738,485
1,389,867
Sundry Accounts
Profit and Loss
Total Liabilities
24,061,036
21,959,711
1,003,671
254,127
250,420
572,000
21,107
24,481,341
22,220,067
1,003,671
261,985
368,412
586,009
41,197
24,620,532
22,486,935
1,003,670
245,814
519.059
304,000
61,054
24,932,164
22,599,790
1,003,670
297,890
629,436
292.000
109,378
25,264,199
23,278,555
1,003,670
332,025
513,562
112,921
23,466
25,390,419
23,641,146
1,003,670
355,553
192.071
87,562
110,417
26,500,112
23,968,4s1;
1,003,670
410.873
685,422
118.142
313,518
27,605,974
24,961,239
1,003,670
546,862
898,536
61,142
134,525
Road and Equipment
Stocks, Bonds, etc ....
Materials
Accounts and Assets
Bills Receivable
Cash on Hand
Total Assets ,
24,061,036
24.481,341
24,620,532
24,932,164
25,264,199
25,390,419
26,500,112
27,605.974
9. General Balance Sheet, June 30, 1901.
Cost of Road $17,277,615 82
Cost of Rolling Stock 6,164,282 10
Cost of Proprietary Roads 1,519,391 11
Advances to Clearfield and Mahoning Ry. 13,479 26
Advances to Allegheny and Western Ry. 85,540 07
Stock R. & P. Coal and Iron Co 1,003,670 50
Materials and Fuel on Hand 546,861 59
Due by Agents and Conductors 493,560 11
Bills Receivable 61,141 84
Sundry Accounts 306,956 57
Cash on Hand 134,524 80
Total Assets $27,005,973 77
Common Stock ($100 shares) .............
Preferred Stock ($100 shares) ............
Funded Debt Outstanding (see Sec. 11) .
Current Accounts .......................
Interest Accrued, not yet Payable .......
Audited Vouchers and Pay Rolls .........
Rentals Accrued. . . .....................
Profit and Loss ...........................
$6,000,000 00
6,000,000 00
13,336,000 00
56,732 14
141,622 48
655,900 05
25,852 15
1,389,866 95
Total Liabilities $27,605,973 77
POOR'S MANUAL — BUFFALO, ROCHESTER AND PITTSBURGH SYSTEM. 69
10. Capital Stock.— The authorized capital stock is $15,000,000 in $100 shares, $6,000,000 of it being
preferred stock and $9,000,000 of it common stock. The $3,000,000 of additional common stock was
authorized in Nov., 1901, to be used when needed to redeem the convertible debenture bonds. Preferred
stock has priority over common stock for dividends at the rate of 6 p. c. p«r annum, non-cumulative.
11. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $13,336,000, as per general
balance sheet — consisted of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
Bond List — see General Index:
$500,000 Equipment Series A gold 4} of May 1, 1919.
1,000,000 Equip. Series B gold 4Js of May 1, 1920.
304,000 Real Estate 5s and 6s of various dates.
350,000 L. P. & C. 1st gold 5s of Jan. 1, 1939.
20,000 Perry RR. 1st 7s of June 1, 1902.
$1,300,000 1st gold 6s of Feb. 1, 1921, int. F. & A.
5,000 2d income 6s of Feb. 1. 1921, int. F. & A.
3,917,000 Consol. gold 6s of Dec. 1, 1922, int. J. & D.
4,407,000 Gen. gold 5s of Sept. 1, 1937, int. M. & S.
1,000,000 Deb. 5s (4s from Jan. 1, 1902) of Jan. 1 1947.
533,000 Car Trust 5s, payable yearly, int. J. & D.
FIRST MORTGAGE GOLD BONDS, R. & P. Rr.— Secured on the line from Rochester to Salamanca, N. Y.,
108.41 miles.
SECOND MTGE. BONDS, R. & P. RY. — Secured on the same property as the 1st mtge. bonds, but subject in
lien thereto. The total amount of bonds is $1,870,000, of which the company holds $1,000 and tho trustee
$1,864,000. The lot held by the trustee was exchanged tot consol. mtge. bonds, and further consol. mtge.
bonds amounting to $3,000 are held for the $5,000 outstanding bonds and the $1,000 held by the company.
CONSOL. MTGE. GOLD BONDS. — Limited in issue to $20,000 per mile of completed road. The mileage of
the company would permit the issue of $5,220,000, but of this amount $1,300,000 is reserved for the retirement
of $1,300,000 1st mtge. bonds and $3,000 for the retirement of $6,000 2d mtge. income bonds outstanding on
the Rochester Division.
GENERAL MORTGAGE GOLD BONDS. — Secured upon the entire property of the company. Total amount
authorized, $10,000,000; of which bonds amounting to $1,300,000 are reserved for the retirement of R. & P.
1st mtge. bonds, due in 1921; $3,920,000, for the retirement of consol. mtge. bonds, due in 1922; and $20,000
for the retirement of Perry RR. 1st mtge. bonds, due in 1902— a total of $5,240,000 of gen. mtge. bonds
reserved to retire prior bonds. The remaining $353,000 of gen. mtge. bonds (Nos. 9,648 to 10,000) are held
to provide means for building a line from Mt. Jewett to Johnsonburg, Pa. The bonds reserved for the retire-
ment of prior liens can be certified by the trust company, and issued only as an equal amount of the bonds
to be retired are cancelled and delivered to the Union Trust Co. The present outstanding car trusts were
created later than the date of the gen. mtge., and are not provided for in that mortgage.
DEBENTURE BONDS. — Authorized amount, $3,000,000; the $2,000,000 of bonds unissued are reserved for
construction and betterments. The bonds are to be secured by any subsequent mortgage except if made for
the purpose of retiring existing prior liens or of providing for extensions. The company reserves the right
to retire the bonds on any Jan. 1 or July 1, upon twelve weeks' notice, at 105 and accrued interest.
Effective Jan. 1, 1902, the rate of interest on the $1,000,000 of outstanding debentures has been reduced to
4 p. c. per annum, and the bonds have been made convertible into common stock at par. -The $2,000,000
of unissued bonds, bearing interest at the rate of 4 p. c. per annum are made redeemable on the same terms.
CAR TRUST CERTIFICATES.— These are in five series as follows: No. 10, $94,000, balance of $470,000 issued
June 1, 1892, payable $47,000 yearly to June 1, 1902; No. 11, $66,000, balance of $225,000 issued March 1,
1894, payable $22,000 yearly to March 1, 1904; No. 12, $100,000, balance of $200,000 issued March 1, 1895,
payable $20,000 yearly to March 1, 1906; No. 13, $84,000, balance of $114,000 issued June 1, 1897, payable
$12,000 yearly to June 1, 1907; and No. 14, $189,000, balance of $270,000 issued Dec. 1, 1897, payable $27,000
yearly to Dec. 1, 1907. Interest payable June 1 and Dec. 1, at the Gallatin Bank, New York, N. Y.
Principal and interest payable in gold.
EQUIPMENT BONDS, SERIES A. — Secured on 500 wooden and 150 steel coal cars. There is a sinking fund of
5 p. c. per annum, payable May 1, to be invested in bonds of this series if they can be purchased at or under
par, otherwise in the purchase of additional equipment as a further security for the bonds. All bonds pur-
chased are to be immediately cancelled.
EQUIPMENT BONDS, SERIES B.— The bonds are secured on equipment of a value of 10 p. c. in excess of
the amount of bonds issued. There is a sinking fund of 5 p. c. per annum, payable May 1, for the
purchase for cancellation of bonds of this series if they can be bought at or under par and accrued interest,
otherwise for the purchase of additional equipment as a further security for the bonds outstanding.
LINCOLN PARK AND CHARLOTTE BONDS. — Secured by first mortgage on the Lincoln Park and Charlotte RR.,
10.3 miles. Principal and interest guaranteed by the B., R. & P. Ry. Co.
PERRY RR. BONDS. — These bonds matured June 1, 1902, and gen. mtge. bonds to an equal amount
were issued for their retirement.
12. Guaranteed Bonds.— The company guarantees by endorsement the payment of the principal
and interest of $2,000,000 ($2,500,000 auth.) 1st mtge. 4 p. c. gold bonds of the Allegheny and Western Ry.
Co., and of $650,000 Ist-mtge. 5 p. c. bonds of the Clearfield and Mahoning Ry. Co., besides guaranteeing
the payment of dividends at the rate of 6 p. c. per annum on $2,850,000 ($3,500,000 auth.) capital stock of
the Allegheny and Western Ry. Co. and on $750,000 capital stock of the Clearfield and Mahoning Ry. Co.
13. Cost of Equipment.— There was expended during the year ending June 30, 1901, for new
rolling stock (15 locomotives, 14 passenger cars, 1,299 freight cars and 13 service cars, besides air-brakes
and other betterments) a total of $1,227,781.66. The account was credited with $46,668.98 for equipment
sold or destroyed, with $126,000 for car trust bonds paid off, and with $62,360.66, being the amount of
sinking funds under equipment agreements Series A and B invested in the purchase of rolling stock — a total
credit of $235,029.64. Net increase in cost of rolling stock, $992,752.02.
14. PROPRIETARY AND LEASED RAILROADS OF THE B., R. & P. RY. Co.
Allegheny and "Western Ry.— Llndsey to
Butler, Pa., 59.67 m. ; total track (steel; 70 and
100 IDS.), 72.84 miles. Locomotives, 25. Cars-
passenger, 8; baggage, etc., 4; freight, 998. Con-
solidation. Jan. 22, 1898, of the Jefferson and Alle-
gheny and the Allegheny and Western Ry. Cos.
(See' Manual for 1899, page 91.) Under date of
R. & P. Ry. Co., for the full term of Its corporate
existence. The line was completed Sept. 4, 1899, and
has been operated by the B., R. & P. Ry. Co. since
Jan. 1, 1900. The lessee guarantees the bonds, both
as to principal and Interest, and guarantees dividends
on the stock at the rate of 6 p. c. per annum, such
dividends being payable on the 1st of Jan. and July,
Oct. 1, 1898, the road was leased to the B., I In gold, free of all taxes, at the office of the B., R.
70
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
& P. Ry. Co., in New York, N. Y. The guaranty is
endorsed on each bond and on the face of each stock
certificate. Balance Sheet, June 30, 1901.— Capital
stock paid in ($3,500.000 auth.; $100 shares), $2,850,-
000; funded debt (1st 4s of Oct. 1, 1998), $2,000,-
000; accounts, $104,540 — total, $4.954.540. Contra:
Cost of road, $3,799,465; equipment, $972,194: cost
Allegheny Terminal. $162,881; accounts, $20,000 —
total. $4.954.540. The authorized issue of bonds is
$2.500,000 of which $500,000 can be issued only for
the construction of a line from Butler to New Castle.
C. H. McCauley, Pros.. Ridgway, Pa.; Arthur G.
Y.-itrs, Vice-Pres., Rochester, N. Y. ; John G. Whit-
more, Sec., Ridgway, Pa.; C. O'D. Iselln. Treas.,
New York, N. Y. : John F. Dinkey, Asst. Treas. &
Aud.. Rochester, N. Y. Offices. Rochester, N. Y.,
and Ridgway, Pa.
Allegheny Terminal Ry.— In city of Alle-
gheny, Pa., 0.12 m.; total track (steel; 70 and 90
Ibs.), 0.24 mile. Chartered July 28, 1899; road
opened Sept. 4, 1899. Operated by the B., R. & P.
Ry. Co. Capital stock, $150,000; unfunded debt,
$12.881 — total, representing cost of road, etc.,
$162,881. C. H. McCauley, Pres., Ridgway, Pa.;
Jno. F. Dinkey, Treas. & Aud., Rochester, N. Y. ;
J. N. At well. Jr., Sec., Ridgway, Pa. General
Offices, Rochester, N. Y., and Ridgway, Pa.
Clearfield ami Mali on Ing Ry.— Du Bois
June, to Clearfield. Pa., 25.87 m. ; total track (steel;
60. 70, and 80 Ibs.), 41.55 miles. Chartered May 31,
1892. Built under an agreement dated May 10, 1892,
between the B., R. & P., the P. & R. and the N. Y. C.
& II. R. RR. Cos. Completed in May, 1893; opened
June 30. 1893. Leased in perpetuity. Jan. 3. 1893.
to the B., R. & P. Ry. Co., the lessee guaranteeing
the bonds, principal and interest, and also 6 p. c. per
annum on stock, all payments to be made in gold.
The guaranty is endorsed on the bonds and on the
stock certificates. Locomotives, 10. General Balance
Sheet. June :;u. 1901. — Capital stock ($50 shares),
$750,000; funded debt (1st 5s of Jan. 1, 1943), $650,-
000; unfunded debt. $13.479 — total, representing
cost of road, etc., $1,413,479. Jeremiah M. <;n«sh.
Pres.; John G. Whitmore, Sec., Ridgway. Pa.; John
F. Dinkey, Treas., Rochester, N. Y. General Offices,
Rochester, N. Y., and Ridgway. l':\.
.Johnson Imrji and Bradford RR.— Howard
June, to Mt. Jewett, Pa., 19.6 m.; total track (steel;
60, 70, and 80 Ibs.), 27.2 miles. Chartered Nov. 15.
1887; opened June 1, 1893. Operate.! by the I?.. K.
& P. Ry. Co. Capital stock, $420,000; funded debt
at 5 p. c. interest Jan. and July, $41M.oim; unfunded
debt, $84,212— total, representing cost of road, etc.,
$924,212. A majority of the stock and all the bonds
are owned by the B., R. & P. Ry. Co. C. II. Me
Cauley, Pres.; John G. Whitmore, See., Ridgway.
Pa.; John F. Dinkey, Aud. & Treas., Rochester, N.
Y. General Offices, Rochester N. Y. and Ridgway,
Pa.
Malmiiinif Valley RR.— Helvetia to Stanley,
Pa.. 1.89 m.; total track (steel; 60 Ibs.). 3.40
miles. Chartered Oct. 14, 1890; road opened Jan.
15. 1891. Leased in perpetuity. May 1, 1896, to
the Buffalo. Rochester and Pitts. Ry. Co., at an
annual rental of $15,000. Locomotive, 1. Cars —
freight (box, 2; coal. 397), 399. Rental, year end-
ing June 30, 1901, $15,000; expenses and taxes, $13.-
135; net income, $1,865. Paid dividends (4 p. c.).
$1.865. General Balance Sheet. June 30, 1901. — Capi-
tal stock ($100 shares), $45,000; accounts. $218.ni,">:
profit and loss. $2,500— total. $266.415. Contra: Cost
of road, etc., $259.152; accounts, $7,263— total. $266,-
415. C. H. McCauley, Pres.; John G. Whitmore. Sec.,
Ridgway, Pa.; John F. Dinkey, Treas., Rochester,
N. Y. General Offices, Rochester, N. Y., and Ridg-
way, Pa.
15. Board of Directors, B., R. & P. Ry. Co., elected November 18, 1901.
Henry I. Barbey New York, N.Y.
Oscar Grisch
John H. Hocart "
Adrian Iselin, Jr. . .
C. O'D. Iselin New York, N. Y.
Ernest Iselin
Walter G. Oakman. "
W. H.Peckham
A tiguste Richard.. New York, N. Y.
John L. Riker "
W. Emlen Roosevelt. "
J. Kennedy Tod " "
Arthur G. Yates Rochester, N. Y.
ARTHUR G. YATES, President Rochester, N. Y.
Adrian Iselin, Jr., Vice-President New York, N. Y.
Sec. & Asst. Treas.— John H. Hocart. .New York, N.Y. | Treas. & Auditor— John F. Dinkey. . .Rochester, N. Y.
PRINCIPAL OFFICE AND ADDRESS Rochester, N. Y.
Financial Office 36 Wall St., New York, N. Y.
CENTRAL NEW ENGLAND RAILWAY COMPANY.
Line of Road Owned : Campbell Hall, N. Y., to Silver Nails, N. Y 57.60 miles.
LEASED I Hartford and Conn. Western RR, (see appended statement) 109.75 "
LINES : / Dutchess County RR.: Pouphkeepsie to Hopewell June., N. Y 13.40 "
TRACKAGE : Newburgh, Dutchess and Conn. RR. : Conn. Line to Millerton, N. Y. 1.25 "
Total length of lines operated (including Poughkeepsie Bridge) 181.00 miles.
2d track, 4.60 m. ; sidings (owned,15.80 m.), 43.33 miles. Gauge, 4 ft. 8i in. Rail (steel), 80 Ibs.
History. — Chartered Jan. 12, 1899, as successor to the Philadelphia, Reading and New
England RR. Co., and took possession of the property on Jan. 23, 1899. (See MANUAL for
1899, page 731.)
Rolling Stock, June 30, 1901. — Locomotives, 35. Cars — passenger, 23; baggage, mail,
and express, 11 ; freight (box, 121 ; flat, 20; stock, 1 ; coal, 205), 347 ; service cars, 86—
total cars, 467.
Operations, year ending June 80, 1901. — Train mileage— passenger, 344,090; freight,
181,848; mixed, 61,677; other, 156,855— total, 744,470 miles. Passengers carried, 587,684 ;
carried one mile, 8,438,853; average mile rate, 2.44 cents. Tons freight moved, 591,714;
moved one mile, 39,462,051 ; average ton-mile rate, 1.11 cents.
POOR'S MANUAL — CENTRAL NEW ENGLAND RY. SYSTEM.
71
EJLBNINOS. 1899-00
Pas?f>eng«r $194,46824
Freight 448,227 20
Mail and Express 30,085 21
Miscellaneous 22,86558
1900-01
$205,969 00
439,776 65
30,996 71
26,316 28
Totals
Totals per Mile 3,84335
$703,058 64
3,884 30
EXPENSES. 1899-00 1900-01
Maintenance Way & Structures. $167,161 38 $148.403 52
Maintenance of Equipment 109,473 82 90,132 77
Conducting Transportation 244,494 55 259,914 54
General Expenses 36,84640 36,59251
Totals ...$557,97615 $535,10334
Totals per Mile 3,082 74 2,956 37
Net earnings (23.89 p. c.), $167,955.30 ; other receipts, $8,700.22— total, $l76.65o.52.
Payments: Interest on funded debt, $32,499.96; other interest, $350; taxes, $44,608.17;
rentals (leased lines), $78,260.42— total, $155,718.55. Surplus, $20,936.97 ; surplus forward,
$24,872.29 ; add adjustment of interest, $9,299.34— total, $55,108.60.
General Balance Sheet, June 30, 1901.
$12,426,206 41
Common Stock ($100 shares)
$3,450,000 00
366,612 30
Preferred Stock ($100 shares)
3,150,000 00
900,063 00
Funded Debt Outstanding
7,900,000 00
53,090 14
Loans and Bills Payable
7,000 00
Betterments H & C W. RR
409,656 55
Current Liabilities
100,369 16
Construction H & C W RR ...
386 721 94
13 541 65
87,199 38
Accrued Rentals
10,983 92
57,453 61
Profit and Loss
55,108 60
Total Assets $14,687,003 33 Total Liabilities $14,687,003 33
Capital Stock. — A majority of the capital stock, consisting of $2,605,000 common stock and
$700,000 preferred stock, is to be held in a voting trust for ten years, or until interest of 4 p. c. per annum
is paid on the gen. mtge. bonds for two successive years, or until those bonds are made to bear a fixed
rate of interest. The preferred stock is entitled to non-cumulative dividends at the rate of 4 p. c. per
annum before any dividend can be paid on common stock.
Funded Debt.— The funded debt outstanding on June 30, 1901— total, $7,900,000 as per general
balance sheet — consisted of:
$G5O,OOO 1st gold 5s of Feb. 1, 1919, interest Feb.
and Aug., at the trustee's office. The authorized
issue is $1,250,000, but $600,000 of the bonds are
to be issued only with the consent of the voting
trustees, during the continuance of the voting
trust, and thereafter only for the acquisition of
new property. The bonds are redeemable at any
time after Feb. 1, 1904, at 105 p. c. and accrued
interest. The mortgage securing them is a
prior lien upon all the property of the company,
and has the additional security of the leases and
stock of subsidiary lines and the securities of
lines constructed from the proceeds of bonds
secured by the same mortgage.
$7,25O,OOO gen. gold 5s of Feb. 1, 1949, interest
Oct. 1, if earned. The general mortgage is a
second lien on the properties covered by the
first mortgage. Interest on the bonds is payable
only if earned, but it is provided that a fixed
rate of interest may be established at the option
of the company, with the consent of the voting
trustees during the continuance of the voting
trust and thereafter with the consent of the
holders of a majority of the bonds. The mort-
gage may be increased to $8,500,000, but, if so,
the additional $1,250,000 must remain with the
trustees, to be issued only on surrender of 1st
mtge. bonds.
RAILROADS LEASED BY THE CENTRAL NEW ENGLAND RY. Co.
Dntchess County RR.— Poughkeepsie to
Hopewell June., N. Y., 12.4 m.; total track (steel; 60
to 70 Ibs.), 13.49 miles. Chartered April 19, 1890;
road opened May 8, 1892. Leased to the Central
Xr\v England Ry. Co. at a rental of the interest on
the bonds at the rate of 4i p. c. per annum.
Capital stock ($100 shares), $300,000. Funded debt
(1st gold 4*s of June 1, 1940, Int. J. & D.), $350,000.
Cost of road and equipment, $650.000. John W.
Brock, Pres. ; Clyde A. Heller, Sec. & Treas., Phila-
delphia, Pa. Office, 255 Main St., Pougbkeepsie,
N. Y.
Hartford and Connecticut "Western
RR.— Hartford, Conn., to Rhinecliff, N. Y., 109.75
m. ; Tariffvllle, Conn., to Mittlneague, Mass., 14.35
m.— total, 124.10 m. ; total track (steel, 112.31 m.),
146.06 miles. Rail, 60 and 85 Ibs. Thp line from
Tariffville, Conn., to Mittineague, Mass., 14.35 miles,
was built In 1899. Chartered March 31, 1881, as suc-
cessor to a company of the same name, whose prop-
erty had been in the hands of the State Treasurer as
trustee since April 27, 1880. (See Manual for 1890,
page 30.) Leased to the Central New England Ry.
Co. for a period ending Aug. 30, 1940, at a yearly
rental of the Interest on the bonds and 2 p. c. on
capital stock. Rental, year ending June 30, 1901,
$61.394. Payments: Interest on bonds, $35,000;
dividends (2 p. c.), $26.394— total, $61.394. Bal-
ance Sheet, June 30. 1901.— Capital stock, $2,709,-
800; funded debt (1st 5s of July 1, 1903, int. J. &
J.), $700.000; convertible bonds. $10,200; unfunded
debt, $404,224 — total. $3.824.224. Contra: Cost of
road, etc.. $3.684,815; all other assets, $139,409 —
total, $3,824,224. The " convertible bonds " repre-
sent the amount of the Connecticut Western bonds
which have not yet been converted into the stock of
the Hartford and Connecticut Western Ry. Co. J.
H. Appleton, Pres., Springfield, Mass.; Edward R.
Beardsley, Sec. & Treas., Hartford, Conn. Office,
Hartford, Conn.
Board of Directors, Central New England Ey, Co., elected November 6, 1901.
Arthur Brock Lebanon , Pa.
Henry O. Seixas. . .New York, N. Y.
Chester W. Chapin
David A. Geraty Hartford, Conn.
J. K. O. Sherwood. .New York, N.Y.
J. H. Appleton. . .Springfield, Mass.
Clyde H. Heller.. .Philadelphia, Pa.
Joseph F. Sinnott..
John W. Brock...
James A. Rumrill Springfield, Mass. | Joseph B. Bourne New York, N. Y.
JOHN W. BROCK, President Philadelphia, Pa.
Treasurer— J. K. O. Sherwood New York, N. Y.
Secretary— Clyde A. Heller .Philadel phia. Pa,
Auditor— H. W. Watson Hartford, Conn.
Traffic Mgr.—V. A. Geraty "
Superintendent— J . F. Hedden Hartford, Conn.
PRINCIPAL OFFICE AND ADDRESS Poughkeepsie, N. Y.
72
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
THE DELAWARE AND HUDSON COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capita) Stock, Reduction of. ... 13
Coal Business 3
Depreciation Sinking Fund 4
Financial Operations outside of
Income Account. Summary of 17
Funded Debt, Details of 14
General Balance Sheet, Dec. 81,
1901 12
General Balance Sheet, 1900-1901 9
Guaranteed Bonds 15
Guaranteed Interest and Divi-
dends 16
History 2
Income Account, Dec. 31, 1901 . . 11
Income from Coal and Sales De-
partments, Dec. 31, 1901 8
Leased and Proprietary Rail-
roads, Statements of 18
Leased Railroads in New York,
Statements showing Net Profit
from the operation of, Dec.
31, 1901 10
Managers and Officers 19
Mileage Operated 1
Operations and Income (all rail-
roads operated), Dec. 31, 1901. 6
Operations of the Railroad Di-
visions of the System, Dec. 31,
1901 7
Profit and Loss Account, Dec.
31,1901 lla
Profit and Loss Account, 1900-
1901 9
Railroad Operations, Profit and
Loss Account and General Bal-
ances. 1900-1901 9
Rolling Stock, Details of 5
Sinking Fund for Retirement of
Securities ... 4
1. Railroads Operated, Dec. 31, 1901.— A. LINES OWNED (total, 78.64 miles).
Scheneclady and Mechanicsville RR. : East Glenville to Coons, N. Y 9.93 milt s.
Lackawanna and Susquehanna RR. : Nineveh, N. Y. , to Jefferson Junction, Pa. 22.01 "
Valley RR. : Carbondale to Scranton, Pa 16.77 "
Honesdale Branch : Lookout Junction to Honesdale, Pa 28.13 "
Branches and Spurs to Collieries 1.80 "
B. LEASED AND PROPRIETARY LINES (total, 542.79 miles).
Albany and Susquehanna RR. : Albany to Binghamton, N. Y 142.59 "
Cherry Valley, Sharon, and Albany RR. : Cobleskill Jc. to Cherry Valley, N. Y. 21.04 "
Schenectady and Duanesburgh RR. : Duanesburgh Jc. to Schenectady, N.Y. . 13.79 "
New York and Canada RR. (for details see statement in Sec. 17) 151.08 "
Rensselaer and Saratoga RR. (for details see statement in Sec. 17) 136.02 "
Albany and Vermont RR. : Albany to Waterford Junction, N. Y 12.18 "
Glens Falls RR. : Fort Edward to Caldwell, N. Y 15.12 "
Rutland and Whitehall RR. : New York State Line to Castleton, Vt 6.83
Saratoga and Schenectady RR. : Saratoga to Schenectady, N. Y 21.65 "
Northern Coal and Iron Co. : Green Ridge to Mill Creek, Pa 16.76
Scranton Branch : Carbon St. to Lackawanna Ave., Scranton 0.51 "
Wilkes Barre Section : Mill Creek to Wilkes Barre, Pa 3. 19 "
Plymouth Section : South Wilkes Barre to Plymouth, Pa 2.03 "
C. TRACKAGE RIGHTS (total, 39.40 miles).
Jefferson RR. : Jefferson Junction to Carbondale, Pa 34.60 "
Nanticoke RR. : Mill Creek to Wilkes Barre, Pa 2.40 "
Lehigh Valley RR. : Wilkes Barre to South Wilkes Barre, Pa 1.62 "
Lackawanna and Bloomsburg RR. : Plymouth to Bull Run, Pa 0.78 "
Total length of lines owned, leased and operated 660.83 miles.
The lines owned, exclusive of the Schenectady and Mechanicsville RR., together with the
railroad of the Northern Coal and Iron Co. and the 39.4 miles of trackage rights, a total of
130.60 miles, are operated as the Pennsylvania Division. The Albany and Susquehanna RR.,
Cherry Valley, Sharon and Albany RR., Schenectady and Duanesburgh RR. and Schenectady
and Mechanicsville RR., a total of 187.35 miles, are operated as the Susquehanna Division.
The Rensselaer and Saratoga RR. and its leased lines (Albany and Vermont RR., Glens Falls
RR., Rutland and Whitehall RR. and Saratoga and Schenectady RR.), aggregating 191.80 miles
in length, are operated as the Saratoga Division. The New York and Canada RR. is oper-
ated as the Champlain Division.
The following statement shows the track mileage of the system on Dec. 31, 1901 :
Single
Track.
Second
Track.
Third
Track.
Fourth
Track.
Sidings,
etc.
Total
Track.
Steel
Rails.
Pennsylvania Division
130.60
73.52
10.57
8.03
123.27
345 99
21 S 11
Susquehanna Division
187.35
95.96
103.69
38700
283.31
Saratoga Division
191.80
78.10
117.84
387.74
269.HO
Champlain Division
151.08
42.58
193.66
151.08
Totals
660.83
247.58
10.57
8.03
387.38
1.314.39
922.40
Gauge, 4 ft. 8| in. Rail, 44, 46, 56, 62, 66, 68, and 80 Ibs.
2. History. — The Delaware and Hudson Canal Co. was chartered by the New York Legis-
lature, April 23, 1823, to construct a canal from the coal fields of Pennsylvania to the Hudson
River at Rondout, N. Y. The canal, extending from Honesdale to Rondout, was completed
in Oct., 1828. The Gravity Railroad was completed in 1829. On April 28, 1899, by authority
POOR'S MANUAL — THE DELAWARE AND HUDSON COMPANY.
73
of an act of the Legislature, the present name was adopted, the company being authorized
at the same time to sell the canal and to purchase its own securities for sinking fund pur-
poses. The canal was sold in June, 1899. The Gravity Railroad was broadened to standard
gauge, made an ordinary steam railroad, and opened for regular passenger and freight
business in Feb., 1900.
The Delaware and Hudson Co. leases the Albany and Susquehanna RR., the Rensselaer
and Saratoga RR. and the New York and Canada RR. under the terms given in the respective
statements therefor appended. The Delaware and Hudson Co. also leases the Rome and
Clinton RR. and the Utica, Clinton and Binghamton RR., but they are sublet to the New
York, Ontario and Western Ry. Co., for the term of 35 years from June 1, 1886, at a minimum
rental of $70,000 per annum. The Adirondack Ry. (see page 77) is controlled by the Dela-
aware and Hudson Co. but is operated separately by its own organization.
3. Coal Business. — The chief business of the company is the mining and transportation
of coal. The amount of coal owned and controlled by it on Jan. 1, 1902, was estimated at
224,856,352 tons. The total output of anthracite coal in 1901 was 53,568,601 tons. This
company produced 5,055,392.18 tons, of which 4,667,387.06 tons were from its own property
and 388,005. 12 tons from the property of the Hudson Coal Co. , which it controls. The amount
of anthracite coal transported over the railroad lines owned and controlled by the company,
during the year ending Dec. 31, 1901, was 7,571.298 tons.
4. Depreciation Sinking Fund.— There is a sinking fund, created in 1899, for the grad-
ual retirement of the stock and bonds of the company contemporaneously with the mining
and sale of its coal; a sum not less than 5 cents per ton of coal mined to be charged against
the yearly net profits and applied to the retirement of the securities or stock of the company.
5. Rolling Stock, all divisions, Dec. 31, 1901. — Locomotives (freight, 203; passenger,
82 ; switching, 61), 346. Cars — passenger train (1st class, 223 ; 2d class, 13 ; combination,
32 ; dining, 1 ; baggage, mail and express, 93 ; excursion, 36 ; other, 8), 406 ; freight (box,
4,262 ; stock, 128 ; flat, 732 ; coal, 8,146 ; refrigerator, 27), 13,295 ; service (officers and pay,
5 ; gravel, 27 : derrick, 10 ; caboose, 146 ; other, 24), 212— total cars, 13,913. The following
is a statement of the rolling stock by operating divisions of the system :
Loco-
motives.
°V
is
>'
«5
1*
Mo
§£
£Q
Passenger
Train Cars.
s>
£0
<<8 t
uO
&*
5
§fc
£«
Freight
Cars.
&:
5«
•3S
%
i>
£<=>
Service
Cars.
°V
ao ^
3Q
03M
<8.fc
SP
*g
!>
(SO
Freight
m
41
51
1st Class. ...
35
137
M
Box
3,020
1,235
7
Official ....
3
?,
21
47
14
2d Class
1
10
Stock
121
Gravel ....
97
Switching
9,1
flfi
14
Combined . .
7
19
6
Flat
618
101
13
Derrick
6
2
2
B., M. &X .
19
56
18
Coal
6,222
1,896
28
Caboose
61
40
45
Dining
1
Refrigerator
25
2
Other
1
13
10
Excursion .
3fi
Other
8
Totals . .
153
114
79
Totals ....
72
223
111
Totals....
10,006
3,239
50
Totals....
68
58
86
6. Operations, year ending Dec. 31, 1901 (all railroads operated). — Revenue train mile-
age—passenger, 2,366,712 ; freight, 3,586,489— total, 5,953,201 miles. Passengers carried,
5,703,635 ; carried one mile, 95,835,051 ; average mile rate, 2.255 cents. Tons freight
moved, 13,057,958 ; moved one mile, 1,274,511,441 ; average ton-mile rate, 0.755 cent.
Earnings— Passenger $2,432,273 95
Freight 4,095,238 70
Coal 5,463,742 80
Miscellaneous 187,42789
Expenses— Maint. of Way and Structures . .$1,192,255 03
Maintenance of Equipment 1,094,141 57
Conducting Transportation 3,721,024 51
General and Taxes 369,659 70
Total ($18,429.37 per mile) $12,178,683 34 Total ($9,650.11 per mile) $6,377,080 81
Net railroad earnings (47.64 p. c.), $5,801,602.53 ; net income of Coal and Sales Depart-
ments (see Sec. 7), $1,801,145.52— total, $7,602,748.05. Payments: Rentals of and charges
against leased lines (see Sec. 8), $2,648,672.02 ; interest on D. & H. Co. 1st mtge. bonds,
$350,000— total, $2,998,672.02. Net profit, $4,604,076.03. Deductions: Depreciation of prop-
erty (see Sec. 11, $1,000,000; sinking fund of 5 cents per ton on coal produced, $233,369.36 —
total, $1,233,369.36. Surplus to credit of profit and loss, $3,370,706.67.
74
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
7. The following statement shows the result of operation of the railroad divisions of the
•ystem for the year ending Dec. 31, 1901 :
LEASED RAILROADS IN NEW YOBK.
Pennsyl-
vania
Railroad
Division.
Total
Eailroad
System.
Albany &
Susqueha'a.
Rensselaer
& Saratoga.
New York
& Canada.
Total.
Earnings — Passenger
$
561,005 27
2,357,739 35
1,601,75925
19,067 90
9
1,010,06073
342,232 92
1,286,286 90
89,820 57
417,176 63
169,275 39
558,966 28
2,789 12
$
1,988,24263
2,869,247 66
3,447,012 43
111,677 59
444,031 32
2,594,495 14
648,226 27
75,750 30
$
2,432,273 95
5,463,742 80
4,095,238 70
187,427 89
Coal
General Freight
Other
Totals
4,539,571 77
394,519 28
460,753 46
1,225,606 85
113,81541
2,728,401 12
413,587 45
300,520 01
1,009,427 33
181,020 99
1,148,20742
146,772 03
130,292 17
358,275 19
51,660 31
8,416,180 31
954,878 76
891,565 64
2,593,309 37
346,496 71
3,762,503 03
237,376 27
202.575 93
1,127,715 14
23,162 99
12,178,683 34
1,192,25503
1,094.141 57
3,721,02451
369,659 70
Expenses — Maint. Way, etc
Maint. Equipment
Transportation
Totals
2,194,695 00
2,344,876 77
1,904,555 78
823,84534
686,999 70
461,207 72
4,786,250 48
3,629,929 83
1,590,830 33
2,171,672 70
6,377,OSO 81
5,801,60253
Net Earnings
§. Income from Coal and Sales Departments, year ending December 31, 1901.
Receipts— Coal Sales at Mines $118,193 07
Coal Sales RR. Departments. . . 828,035 26
Coal Sales, Other Points 15,390,825 43
Interest 4,62375
Value of Coal added to Stock ,
$16,341,677 51
683,255 41
Expenses— Mining and Preparing Coal. . . $7,723.306 13
Coal Purchased 75,867 44
General Expenses 313,42693
RR. Transportation 6,884,019 08
Marine Charges 108.224 99
Handling Expenses 215,692 83
Taxes 179,614 13
Real Estate Expenses 17,474 36
Total $16,924,93292 Total $15,517,62589
Net earnings of Coal and Sales Departments, $1,407,307.03; miscellaneous profit, $57,-
932.10 ; interest on investments, $335,906.39— total, net income exclusive of railroad opera-
tions, $1,801,145.52.
9. Statement of railroad operations, profit and loss account and general balances, for
two fiscal years ending Dec. 31 :
1901
1900
1901
1900
Miles of Road Operated
660.83
2,366,712
3,586,489
660.32
2,345,101
3,630,094
Net Railroad Earnings
$
5,801,602 53
1,407,307 03
393.83S 49
$
5,455,770 07
122,062 10
551,432 40
Revenue Train Mileage:
Passenger .
Freight
Miscellaneous
Total
5,953,201
5,703,635
95,835,051
13,057,958
1,874,511,441
$
2,432,273 95
4,095,238 70
5,463,742 80
187,427 89
5,975,195
4,952,067
87,064,894
12,204,307
1,152,849,723
$
2,263,998 70
4,996,411 11
4,057,778 84
167,000 26
Total Net Income
7,602,748 05
2,648,672 02
350,000 00
1,000.000 00
233,369 36
6,129,264 57
2,591,87224
350,000,00
Passengers Carried
Interest on Bonds
Depreciation
Sinking Fund
Passenger Mileage
Freight (tons) Moved
Total Deductions
Net Profit
4.232,041 38
3,370,706 67
5,489,409 80
5,887 60
2,941,872 24
3,187,39233
5,359,760 22
9,721 43
Surplus Forward
Sundry Credits
Coal
Total Credits
8,866,004 13
2,450,000 00
97,839 22
6,318,164 91
8,556,873 98
1,750,00000
*1 ,317,464 12
5.489.40'.) Si;
Freight
Dividends
Other
Sundry Debits
Total Traffic Earnings
Credit Balance
12,178,683 34
6,377,080 81
11,485,188 91
6,029,418 84
Total Debits
8,866,004 13
34,645,700 00
8,700,000 00
5,619,074 19
6.318,164 91
8,556,873 98
34,793,200 00
7.500.000 00
5,105,970 -'•-'
5.489.409 86
Operating Expenses and Taxes
Net Traffic Earnings
5,801,602 53
18,429 37
9,650 11
8,77926
58.36 p. C.
2.255 c.
0.755 c.
5,455,770 07
17,271 74
9.124 01
8,147 73
52.50 p. c
2.305 c.
0.789 c.
Gross Earnings per Mile
Gross Expenses per Mile
Current Liabilities
Profit and Loss
Total Liabilities
55,282,939 10
43,277,378 31
2.930.921 71
1,419,30000
7,655.339 08
52,888.582 08
11,689,1
2,487,050 40
1,427,959 13
7.283,784 98
Expenses to Earnings
Aver. Rate per Pass, per Mile.
Aver. Rate per Ton per Mile . .
Supplies, Coal, etc
Stock? and Bonds ....
Cash and Cash Assets
Total Assets
55,282,939 10
52,888,582 08
•This amount includes $1,036,117.85 charged off for depreciation of property, $228,962.50 charged to
ilnking fund for the retirement of the company's securities, and $52,383.77 of sundry charges. The charges
for depreciation and for sinking fund are deducted from net income in the account for 1901.
POOR'S MANUAL — THE DELAWARE AND HUDSON COMPANY.
75
1O. Statement showing the net profit to the Delaware and Hudson Co. from the opera,
tion of the leased railroads in New York, year ending Dec. 31, 1901 :
RAILROADS.
Net
Earnings.
DEDUCTIONS FROM NET EARNINGS.
Profit
to
Lessee.
Divi-
dends.
Int. on
Bonds.
Sinking
Fund.
Sub-lease
Rentals.
In.onD'bt
to Lessee.
Total.
Albany & Susqueh'na
Rensselaer & Saratoga
New York & Canada.
Totals
1
2,344,876 77
823,845 34
461,207 72
8
245,000
800,000
$
630,000 00
140,000 00
281,74602
$
70,000
$
30,000 00
71,197 81
$
211,40903
111,40732
57,911 84
$
1,186,40903
1,122,605 13
339,657 86
$
1,158,46774
L. 298,759 79
121,549 86
3,629,929 83
1,045,000
1,051,74602
70,000
101,19781
380,728 19
2,648,672 02
981,257 81
11. General Income Account, year ending December 31, 1901.
Coal Receipts ............. $16,924,932 92
Coal Expenses ............. 15,517,625 89— $1,407,307 03
Miscellaneous Income
RR. Receipts, Penn. Div..
RR. Expenses, Penn. Div..
Net Profits Leased Roads
393,838 49
3,702,503 03
1,590,830 33— 2,171,672 70
981,257 81
Interest on 1st mtge. Bonds $350,000 00
Depreciation — Railroad Equipment 500, KX) 00
Marine Equipment 100,000 00
Mining Plant 300,000 00
Other Coal Plants 100,00000
Sinking Fund 233,369 36
Total Deductions
Total, Net Income ....... . ............ $4,954,076 03
Ha. Profit for year (9.63 p. c. on capital stock), $3,370,706.67; surplus from Dec. 31,
1900, $5,489,409.86 ; profit on sale of stocks, $5,367.34 ; sundry items, $520.26— total, $8,866,-
004.13. Debits : Dividends on capital stock (7 p. c.), $2,450,000 ; sundry donations, $32,936.50 :
premium on stock purchased and retired, $56,018.75 ; sundries, $8,883.97— total, $2,547,839.22.
Surplus, Dec. 31, 1901, $6,318,164.91.
12. General Balance Sheet, December 31, 1901.
Capital Stock ($100 shares) ............. $34,645,70000
Funded Debt Outstanding (see Sec. 13). 8,700,000 00
Interest, Dividends, etc., due Jan. 1, 1902 526,550 00
Interest, Dividends and Bonds Unpaid..
Real Estate ........ . .................... $5,269,860 33
Unmined Coal ........................... 12,089,648 77
*Railroad Construction ................... 14,955,186 43
Railroad Equipment ..................... 7,194,651 05
173,808 67
Sinking Fund for the purpose of retiring
Capital Stock in accordance with
Stockholders' Ordinance of May, 1899. .
133,840 60
240,028 24
Accounts Payable ....................... 14,718,655 35
Profit and Loss, Surplus ................ 6,318,164 91
Marine Equipment
Coal Dept. Equipment : 699,713 26
Mining Plant 2,588,634 45
Coal Handling and Storage Plants 305,875 35
Supplies on Hand (Cost) 1,507,958 28
Shop Machinery, Tools, etc 457,660 53
Coal on Hand at Agencies (Cost) 965,302 90
tStocks and Bonds Owned 1,419,300 00
Advances on Unmined Coal 786,057 26
Cash 2,049,601 47
Bills and Accounts Receivable 4,819,680 35
Total Assets .$55,282,939 10 Total Liabilities $55,282,939 10
* In addition to property owned directly by the company, this item includes the stocks of the follow-
ing companies at cost: New York and Canada RR. Co.; Cherry Valley, Sharon and Albany RR. Co., and the
Schenectady and Duanesburgh RR. Co. t This item consists of $450,000 (4,500 shares) stock of the
Albany and Susquehanna RU. Co. ; $800,000 (8,000 shares) stock of the Rensselaer and Saratoga RR. Co. ; mis-
cellaneous stocks to the amount or value of $65,750, and bonds valued at $103,550.
13. Capital Stock — Since Dec. 31, 1901, the capital stock has been reduced to $34,507,100 by the
operation of the sinking fund created in 1899 for the purpose of retiring the securities of the company (see
Sec. 3a).
14. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $8,700,000, as per general
balance sheet — consisted of the following:
$5,OOO,OOO Pa. Div. 1st 7s of Sept. 1, 1917,
int. M. & S. Secured by first mortgage on the
real estate, coal lands, railroads and other prop-
$2,5OO,OOO equipment debenture 4s, due $200,000
each Jan. 1 from 1902 to 1914, int. J. & J.
1,2OO,OOO car trust certificates, gold 3js, due
$150,000 each May 15 from 1902 to 1909.
erty of the company, in the State of Pennsylvania.
15. Guaranteed Bonds.— The company guarantees, both as to principal and interest, $19,300,000
of bonds issued by subsidiary corporations, as follows:
Albany & Susquehanna RR. Co.
$3,000,000 1st 7s of April 1, 1906, int. A. & 0.
7,000,000 1st 6s of April 1, 1906, int. (gold) A. & O.
New York & Canada RR. Co.
4,000,000 1st gold 6s of May 1, 1904, int. M. & N.
1,000,000 gold deben. 4is of May 1, 1904, int. M. & N.
Vtica, Clinton & Binghamton RR. Co.
800,000 1st 5s of July 1, 1939, int. J. & J.
16. Guaranteed Interest and Dividend*. — The company guarantees the payment of interest
on $2,GOO,CCO 1st 7s of May 1, 1921, of the Rensselaer and Saratoga RR. Co. and on $500,000 1st 6s of
Sept. 1, 1924, of the Schenectady and Duanesburgh RR. Co. ; and guarantees dividends at the rate of 7 p. c.
per annum on $3,500,000 capital stock of the Albany and Susquehanna RR. Co., 8 p. c. per annum on
$10,000,000 capital stock of the Rensselaer and Saratoga RR. Co., and 6J p. c. per annum on $350,000
capital stock of the Rome and Clinton RR. Co. After July 1, 1902, dividends on the capital stock of the
Albany and Susquehanna RR. Co. will be guaranteed at the rate of 9 p. c. per annum.
Adirondack Ry. Co.
$1,000,000 1st gold 4Js of March 1, 1942, int. M. & S.
Chatcaugay Ry. Co.
200,000 1st 6s of Aug. 1, 1907, int. F. & A.
Bluff Point Land Improvement Co.
300,000 1st 4s of Jan. 1, 1940, int. J. & J.
The Hudson Coal Co.
1,600,000 debent. 4s of May 1, 1917, int. M. & N.
76
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
17. Summary of Financial Operations Outside of Income Account, year ending Dec. 31, 1901.
DECREASE OF ASSETS: Marine equipment, $135,108.57; mining plant — breakers, washeries, shops,
etc., $300,000; coal handling and storage plants, $138,936.28; supplies on hand, $170,441.75;
sundry stocks, $8,659.13; cash, $464,575.84— total $1,217,721 57
INCREASE OF LIABILITIES: Car trust certificates of 1899, $1,200,000; interest, dividends, etc., due
Jan. 1, 1902, $31,508; sinking fund, $240,028.24; accounts payable, $241,565.73— total 1,713,10197
INCREASE OF PROFIT AND Loss 828,755 06
Total to be accounted for $6,759,578 59
INCREASE OF ASSETS: Real estate, $6,070.62; unmined coal, $52,965.50; railroad construction,
$526,517.45; railroad equipment, $1,422,127.64; coal department equipment — cars, motors,
horses, mules, etc., $153,954.38; shop machinery, tools, etc., $31,057.65; coal on hand at
agencies, $583,255.41; advances on unmined coal, $2,271.45; bills and accounts receivable,
$833,858,49— total 3,612,078 59
DECREASE OF CAPITAL STOCK r 147,500 00
Total accounted for $3,759,578 59
1§. LEASED AND PROPRIETARY RAILROADS OF THE DELAWARE AND HUDBON Co.
S0SQUEHANNA
Albany and Susqnehanna RR.— Albany to
Binghamton, N. Y., 142.59 m.; 2d track, 95.96 m.;
total track (steel. 238.55 m.), 333.57 miles. Char-
tered April 19, 1851; road opened to Binghamton,
Jan. 14, 1869. Leased in perpetuity, Feb. 24, 1870.
at a yearly rental equivalent to interest on bonds
(including $70,000 for 6 p. c. interest and 1 p. c.
sinking fund on $1,000,000 Albany City Loan matured
May 1, 1897), dividends at the rate 7 p. c. until aud
at the rate of 9 p. c. after the retirement of the
Albany City Loan by action of the sinking fund, and
$1,000 for organization expenses. When the last of
the Albany City bonds' matured, May 1, 1897, the
company had to borrow from the lessee $296,878 to
cover a shortage In the sinking fund, and issued
therefor its notes payable half yearly up to May 1,
1902 After the retirement of the notes the dividend
rate will be increased to 9 p. c. a year. Income,
1900-1901. — Rental. $875,000; organization, $1,000;
other items. $5.000 — total. $881.000. Payments: In-
terest. $630.000: dividends, J. & J., 3i p. c. each,
$245,000; other Items. $1,137— total. $876.137. Sur-
plus. $4.862.57; surplus forward ($589,062.48, plus
$64,793.06 transfer from bills payable), $653,855.54
—total, $658,718.11. Balance Sheet, June 30, 1901.
— Capital stock ($100 shares). $3.500.000; funded
debt, $10.000,000; bills payable. $55,344; profit and
loss, $658,718— total, $14.214.062.06. Contra: Cost
of road and equipment, $14.200,766; stock of other
companies, $7,000; cash, $6.296— total, $14,214,062.
Regular semi-annual dividends of 34 p. c. each have
been paid since July 1, 1871. Funded debt con-
sists of $3,000.000 7 p. c. and $7,000,000 6 p. c.
consol. mtge. bonds, due April 1, 1906, int. A. & O.,
at the office of the trustee. Farmers' Loan and Trust
Co., New York. N. Y. The bonds are in coupon
form, with privilege of registration. They are
guaranteed, both as to principal and interest, by the
D. & H. Co. The 7 p. c. bonds are payable, both
principal and Interest, in " lawful money "; the 6
p. c. bonds are payable as to principal in " lawful
money " and as to Interest in gold. Both series
are equally secured on the entire property of the
company. Robert Olyphant, Pres., New York, N.
SARATOGA
Albany and Vermont RR.— Albany to
Waterford June., N. Y., 12.18 miles. Rail (steel), 80
Ibs. Reorganization after foreclosure sale on Oct. 5,
1859, of the Albany, Vermont and Canada RR. Co.
(See Manual for 1891, page 179.) Leased in per-
petuity to the R. & S. RR. Co.; lease assigned to D.
& H. Co. Rental. $20,000 per annum. Payments,
year 1900-1901: Dividends (3 p. c.), $18,000; ex-
penses and other charges, $1.316 — total. $19.316.
Surplus, $684. Balance Sheet, June 30. 1901. — Cap-
ital stock. $600,000; profit and loss, $7,051 — total.
$607,051. Contra: Cost of road, etc., $600,000; other
assets, $7.051 — total. $607.051. Edward C. Gale,
Pros.; J. II. Noher. Treas. & Sec., Troy, N. Y.
Glens Falls RR.— Fort Edward to Caldwell,
N. Y., 15.12 m.; total track (steel, 15.12 m.), 27,27
miles. Chartered July 26, 1867. Leased in per-
petuity by R. & S. RR. Co.; lease assigned to the
D. & H. Co. Rental, $1 per annum. Capital stock
(all owned by R. & S. RR. Co.), $96,600; due lessee,
$359.S31— total, representing cost of road, $456,431.
Geo. B. Wnrren, Pres.; J. H. Neher, Sec. & Treas.,
Troy, N. Y.
Rennselner and Saratoga RR.— Waterford
June., N. Y., to Ballston, 19.55 m.; Saratoga to Lake
Champlain, 40.73 m.; branches, Troy to Waterford
June., 5.59 m.; Watervliet to Green Island, 1.08 m.;
DIVISION.
Y.; W. L. M. Phelps, Sec. & Treas., Albany, N. Y.
Office, Albany, N. Y.
Cherry Valley, Sharon and Albany
RR.— Coblesklll June, to Cherry Valley, 21.04 m. ;
total track. 22.45 miles. Rail— iron, 56 to 62 Ibs. ;
steel (21.04 m.), 62 Ibs. Organized June 10, 1869;
road opened Oct. 1, 1870. Owned by D. & H. Co.
Rental, year ending June 30. 1901, $9,625; deficit
forward, $183.422; net deficit, $173,737. General
Balance Sheet. June 30. 1901. — Capital stock (S5UO.-
000 auth.; $50 shares). $289,100; due lessee. $473.707
— total. $762,897. Contra: Cost of road, $589, lot);
profit and loss. $173,797— total, $762,897. Wm. H.
Tillinghast, Pres.; F. M. Olyphaut, Sec. & Treas.,
New York, N. Y.
Lackawanna and Snsqnehanna H.H.-
Nineveh, N. Y., to Jefferson June., Pa., 22.01 m.;
2d track, 1.62 m. ; total track, 33.57 miles. Rail
(steel, 23.63 m.), 62 to 80 Ibs. Chartered Nov. 19.
1867; road opened Jan., 1872. This road connects the
A. & S. RR. with the coal roads In Pennsylvania.
Owned by the D. & H. Co. Cost to June 30, 1901,
$1,376,458. R. M. Olyphant, Pres.; F. M. Oly-
phaut, Sec. & Treas. Office, New York. N. Y.
Schenectady and l)iiiiii<-slni ru li RR.—
Duanesburgb June, to Schenectady, N. Y., 13.79 m.;
total track (steel, 13.79 m.), 19.38 miles. Rail, 56
to 80 Ibs. Reorganization, July 15. 1873. of the
Schenectady and Susquehanna RR. (See Manual for
1891.) Leased to the D. & H. Co. for interest on
bonds. Balance Sheet, June 30, 1901. — Capital stock
paid in ($300,000 auth. ; $100 shares). $100 900; funded
debt (1st 6s of Sept. 1, 1924), $500,000; open ac-
counts. $162.672 — total, representing cost of road.
$763,572. H. G. Young. Pres., Albany, N. Y. ; Daniel
Wilson, Treas.; F. M. Olyphant, Sec., New York,
N. Y. Office, New York, N. Y.
Schenectady and Mechanlcvllle RR.
—East Glenvllle to Coons, N. Y., 9.93 m. ; total track
(steel, 9.93 m.), 11.60 miles. Rail. 56 to 80 Ibs.
Chartered May 9, 1867; road opened in Jan., 1882
Owned by D. & H. Co. Cost to June 30, 1901, $218.-
399. R. M. Olyphant, Pres.; F. M. Olyphant, Sec.
& Treas. Office, New York, N. Y.
DIVISION.
Eagle Bridge, N.Y.,to Rutland, Vt., 62.44 m.; White-
hall, N. Y., to Vt. State Line, 6.63 m.— total, 136 02
m.; total track, 258.99 miles. Chartered April 14.
1832; road opened March 19, 1836. Consolidated with
the Troy, Salem and Rutland and the Saratoga and
Whitehall RRs. In 1868. (See Manual for 1881.)
Leased in perpetuity (lease dated May 1. 1871) to D.
& II. Co., the lessee assuming all interest and lease
obligations, and guaranteeing 8 p. c. per annum on
the capital stock. Rental, year 1900-1901. $941.000:
other receipts. $2,880— total, $943,880. Payments:
Expenses, $2.922: interest on bonds. $140.000; divi-
dends (8 p. c.). $800,000— total. $942.922. Surplus,
$958. Balance Sheet. June 30. 1901. — Capital stock.
$10.000.000; funded debt (1st 7s of May 1. 1921).
$2,000000; surplus, $69.163 — total. $12.069.16:5.
Contra: Cost of road, $10.917.489; other investmonts,
$1,082,511; sundry assets. $52.000; cash, $17.163—
total, $12.069,163. Geo. B. Warren. Pres.; J. H.
Neher, Sec. & Treas. Office. Troy, N. Y.
Rutland and Whitehall RR.— New York
State Line to Castleton, Vt., 6.83 m. ; total track
(steel, 6.83 m.). 8.68 miles. Leased in perpetuity,
to the U. k S. RR. Co., at an annual rental of $15.-
492, being 6 p. c. on the cost of the road, $258,100.
Dividends payable Feb., May., Aug., and Nov., at
United National Bank of Troy, N. Y.
POOR'S MANUAL— THE DELAWARE AND HUDSON COMPANY'S SYSTEM. 77
Saratoga and Schenectady RR.— Saratoga
to Schenectady, N. Y., 21.65 m. ; total track, 45.85
miles. Chartered Feb. 16, 1831. Leased In per-
petuity to the R. & S. RK. Co.; lease assigned to D.
& H. Co. Rental. 1900-1901, $31,750; add Interest,
f200— total, $31,950. Dividends (7 p. c.), $31,500;
CHAMPLAIN
.\«-w York and Canada RR. (Lessor's State-
ment).—Mileage as in lessee's statement. Organized
March 16, 1872; main line opened Nov. 16, 1875.
Lake George branch opened in May, 1875; line be-
tween West Chazy and Rouse's Point in Sept., 1876.
Leased to the D. & H. Co., and operated as that
company's Champlain Division. Rental, $281,110,
being Interest on bonds. Balance Sheet, June 30,
1001. — Capital stock auth. ($3,991,000 outstanding;
expenses, $390; surplus, $60. Balance Sheet, June
30, 1901. — Capital stock, $450,000; income balance,
$6.520— total, $456,520. Contra: Cost of road, 450,-
000; bonds owned, $5.000; other assets, $1,520 —
total, $456,520. Le Grand C. Cramer, Pres. ; J. H.
Neher, Sec. & Treas. Office, Troy, N. Y.
DIVISION.
$100 shares), $4,000,000; funded debt (see General
Index), $5.000,000; open accounts, $176,048 — total,
representing cost of road and equipment, $9.176,048.
The stock is almost wholly owned by the D. & H. Co.
The bonds are guaranteed, principal and interest, by
the same company. David Wlllcox, Pres.; Charles
A. Walker, Sec. & Treas., New York, N. Y. Office,
21 Cortlandt St., New York, N. Y.
19. Board of Managers, elected May 13, 1902.
Robert M. Olyphant,New York,N.Y.
Wm. H. Tillinghast
Charles A. Peabody
Alexander E. Orr. . . Brooklyn, N. Y.
Channcey M. Depew..New Y'k, N.Y.
Jas. W. Alexander .. " " Frederic Cromwell..
Horace G. Young Albany, N. Y. David Willcox . "
. . John Jacob Astor.. New York, N. Y. R. Suydam Grant. .. "
George I. Wilber Oneonta, N. Y.
ROBERT M. OLYPHANT, President New York, N. Y.
R. Somers Hayes. . ..New York.N.Y.
V,-Pres.& Gen. Counsel— D&viA Willcox, New York,N.Y.
2d Vice-Pres.— Horace G. Young Albany, N. Y.
Treasurer— Charles A. Walker New York, N. Y.
Secretary— Y. Murray Olyphant New York, N. Y.
Auditor— S. T. S. Henry
Comptroller— Abel I. Culver " "
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N. Y.
DELAWARE AND HUDSON COMPANY'S SYSTEM.— Controlled Railroad.
ADIRONDACK BY.— Saratoga Springs to North Creek, N. Y.( 56.97 m. ; total (steel,
56.97m.), 65.14 miles. Gauge. 4 ft. 8£ in. Rail, 56 to 67 Ibs. Reorganization, July 7, 1882,
of the Adirondack Co. (See MANUAL for 1894, page 109.) Controlled by the Delaware and
Hudson Co.
Rolling Stock, June 30, 1901. — Locomotives, 3. Cars — passenger, 6 ; baggage, mail,
and express, 2 ; freight (box, 2 ; flat, 18), 20 ; service, 2 — total cars, 30.
Operations, year ending June 30, 1901.— Train mileage— passenger, 84,788; freight,
53,062 ; other, 100— total, 137,950 miles. Passengers carried, 80,576 ; carried one mile,
1,932,792 ; average mile rate, 2.79 cents. Tons freight moved, 310,279 ; moved one mile,
6,337,929 ; average ton-mile rate, 2.02 cents.
Earnings— Passenger $53,924 32
Freight 128,11121
Mail 4,685 12
Express and Baggage 3,618 08
Expenses— Maint. of Way and Structures. . . $35,656 83
Maintenance of Equipment 9,621 69
Conducting Transportation 87,50991
General Expenses 4,97692
Total (83,341.03 per mile) $190,33873 Total ($2,418.20 per mile) $137,76535
Net earnings (27.62 p. c.), $52,573.38 ; other receipts, $294.57— total, $52,867.95. Pay-
ments: Interest on funded debt, $45,000; taxes, $8,247.62— total, $53,247.62. Deficit,
$,379.67; deficit forward ($418,285.38, add adjustment, $100.45), $418,385.83 — total,
$418,765.50.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($4,000,000 auth. ; $100
shares), $2,600,000 ; funded debt (1st gold 4*6 of March 1, 1942, int. M. & S.), $1,000,000 ;
trustees' certificates for 2d mtge. bonds, $7,604.67: vouchers and pay rolls, $8,215.51 —
total, $3,615,820.18. Contra: Cost of road, $2,833,830.01; equipment, $59,475.76; stocks
owned, $4,200; cash, $11,673.03; due by agents, $4,991.05; open accounts, $266,302.21;
materials, etc., $17,082.62; profit and los?, $418,765.50— total, $3,615,820.18.
The authorized amount of 1st mtge. bonds is $2,000.000, but $1,000,000 bonds are reserved
for extensions at the rate of $20,000 per mile of completed road. The bonds are guaranteed
both as to principal and interest by the D. & H. Co.
Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years :
Yparq Capital
Years- Stock.
Bonded
Debt.
Cost RR.
& Invest-
ments.
RR.
Oper-
ated.
Gross
Earn-
ings.
Expenses
and
Taxes.
j?f* Available
fngs: Revenue
Inter-
est
Paid.
Total
Pay-
ments.
Balance
(+or-).
$
$
$
Miles.
$
S
I
$
$
$
$
1894.
. 2,600,000
1,000,000
2,899,945
56.95
165,234
132,250
32,984
39,792
45,000
45,000
- 5,208
1895.
. 2,600,000
1,000,000
2,899,653
56.95
180,321
125,949
54,372
60,574
45,000
45,000
+ 15,574
1896.
. 2,600,000
1,000,000
2,902,448
56.97
190,245
127,788
62,457
69,661
45,000
45,000
+ 24,661
1897.
. 2",600,000
1,000,000
2,903,631
56.97
199,725
139,062
60,663
67,785
45,000
45,000
+ 22,785
1898.
. 2,6<K),000
1,000,000
2,895,199
56.97
208,305
142,816
65,489
73,894
45,000
45,000
+28,894
1899.
. 2,600,000
1,000,000
2,898,076
56.97
186,762
135,369
51,393
51,654
45,000
45,000
+ 6,054
1900.
. 2.600,000
1,000.000
2.897.551
56.97
200.272
138.391
61,881
62.198
45,000
45,000
+ 17,198
1901.
. 2,600,000
1,000,000
2,897,006
56.97
190,339
146,013
44,326
44,620
45,000
45,000
— 380
Directors (elected Oct. 9, 1901).— R. Suydam Grant, Charles A. Walker, Robert Oly-
phant, David Willcox, Robert M. Olyphaut,.Freling H. Smith, W. H. Tillinghast, New York,
78
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
N. Y. ; James C. Hartt, Montreal, Que.; Horace G. Young, Albany, X. Y. ; Win. W. Durant,
Saratoga Springs, N. Y. ; Warner Miller, Herkimer, N. Y. ; F. Murray Olyphant, Englewood.
N. J. OFFICERS : R. SCYDAM GHANT, Pre»., New York, N. Y. ; Horace G. Young, Yin-
Pres., Albany, N. Y.; Charles A. Walker, Sec. & Treas., New York, N. Y. Corporate Office,
Saratoga Springs, N. Y.
DELAWARE, LACKAWANNA AND WESTERN RAILROAD COMPANY.
(For map of this system, see page 79.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Mileage, Capitalization, Cost,
Earnings, etc., by Railroads ... 10
. Mileage Ope rated, Dec. 31, 1901. .. 1
9 Operations & Income, Dec.31,1901 7
1Q Operations, all Lines Owned and
10 Leased, and Capital 181)5-1901 ... 9
11 Rentals of Leased Line? 4a
13 I Rolling Stock, Details of 3
1. Mileage of System, Dec. 31, 1901 (lines owned, 193.99 miles).
Main Line : Delaware River (N. J. Line) to New York State Line 114.33 miles.
Bloomsburg Branch: Scranton, Pa., to Northumberland, Pa 79.66 "
LEASED LINES (in New York, New Jersey and Pennsylvania ; see Sec. la) . . . .57(5.08 "
RAILROADS CONTROLLED AND OPERATED (see Sec. la) 177.15 "
Total length of all lines owned, leased, and controlled, Dec. 31, 1901 947.82 miles.
Gauge, 4 ft. 8| in. Rail (steel, 2,124.93 m.), 60 to 80 Ibs.
la. Statement showing mileage of all lines owned, leased, or operated, Dec. 31, 1901 :
Capitalization of the System
Coal Depiirtment Operation."
Controlled Roads, Capitalization
Controlled Roads, Earnings of..
Controlled Roads, Statements of.
Funded Debt, Details of
General Balance Sheet, Dec. 31,
1901
General Balance Sheet, 1896-1901 .
History
Income Account, Year 1901
Income Account, 1895-1901
Leased Lines, Capitalization of..
Leased Lines, Earnings of
Leased Lines, Statements of
Managers and Officers
Single
Track.
Double
Track.
Length
of RR.
Sidings.
Total
Track.
Steel
Rails.
Iron
Rails.
State of Pennsylvania :
Main Line .
Miles.
Miles.
114 33
Miles.
114 33
Miles.
168 08
Mtla.
396 74
MUet.
390 17
.Vilff.
6 57
Bloomsburg Division
56.93
22 73
79 66
73 78
176 17
166 51
9 66
New York, Lackawanna and Western in Pa.
6.38
6.33
12.76
12.76
Total Pennsylvania
56.93
143 44
200 37
241 86
585 67
569.44
16 23
State of New Jersey :
Mori'is and Essex
25 45
94 25
119 70
188 55
402 50
369 17
33 33
Morris and Essex Extension
1.93
1 92
4 72
6 64
6 38
0.26
Newark and Bloomfleld
1 49
2 75
4 24
4 68
11 67
10 80
0 87
Passaic and Delaware
14.11
14 11
4 38
18.49
16.44
2.05
Passaic and Delaware Extension
7 41
7 41
1 96
9 37
9 37
Chester
10.04
10 04
1 87
11.91
10 57
1.34
Warren
4 99
13 83
18 82
7 51
40 16
39 95
0 21
Total New Jersey
65.41
110.83
176 24
213 67
500 74
462.68
38 06
State of New York:
Valley
11 11
11 11
4 44
26 6(5
26 66
New York, Lackawanna and Western
1.21
206.84
208 05
158 86
573 75
573.75
Cayuga and Susquehanna
34.41
34.41
6 98
41 .39
36.49
4.90
Greene
8 10
8 10
1 07
9 17
9.17
Utica, Chenango and Susquehanna Valley .
97.41
97 41
34 89
132 30
132.30
Oswego and Syracuse
34.98
34.98
25.22
60.20
52.40
7.80
Total New York t
176 11
217 95
394 06
231 46
843.47
830.17
12.70
Total owned and leased
298.45
472.22
770.67
686.99
1,929.88
1.8(52.89
66.99
Controlled and Operated :
Hanover and Newport
6.81
6 81
3 53
10 34
10.34
Lackawanna and Montrose
Hopatcong
10.48
0 89
10.48
0 89
1.31
1 67
11.79
2 56
11.79
2.43
(X13
Sussex
30.55
30 55
7 21
37.76
35.52
2.24
Syracuse, Binghamton and New York
48.97
31.98
80.95
42.30
155. *3
141.59
13.64
Syracuse and Baldwinsville
0.95
0 95
1 00
l.flO
1.95
Bangor and Portland
38.38
38 38
12.92
51.30
47.88
3.45
Eaeton and Northern
8.14
8 14
2 43
10 57
10.57
Total controlled and operated
145.17
31.98
177.15
72.37
281.50
262.04
19.46
Grand total, D., L. & W. System
443.62
504 20
947.82
759.36
2,211.38
2,124.93
86.45
2. History. — Consolidation, April 30, 1853, of the Ligetts Gap RR. and the Delaware and
Cobbs Gap RR. Road opened throughout on May 27, 1856. The leased and couirolled rail-
roads were acquired at various periods and under terms given in the appended statements,
See also MANUAL for 1896, page 514.
80
POOR'S MANUAL OF RAILROADS —MIDDLE ATLANTIC GROUP.
3. Rolling1 Stock, Dec. 31, 1901. — Locomotives, 655. Cars — passenger, 154 ; suburban
coaches, 283 ; combination, 81 ; drawing-room, 10 ; sleepers, 14 ; baggage and mail and bag-
gage and express, 59; express, 64; milk and butter, 118 ; dining, 6 ; pay, 1 ; business, 2 ;
club, 4 ; straight mail, 4 ; freight (box, 11,635 ; stock and poultry, 410 ; flat, 573 ; gondola,
8,585 ; hopper, 10,087 ; refrigerator, 188 ; caboose, 276), 26,754 ; service and gravel, 512 —
total, 28,016.
4. General Income Account, year ending December 31, 1901.
Earnings— Passenger $4,522,38269
Coal Freight 10,749,34449
Miscellaneous Freight 6,668,688 60
Mail, Express, and Other 1.567,218 45
Total ($30,502.85 per mile), $23,507.634 23
Net Earnings (42.09 p. c.) $9,895,454 54
Interest, on Investments 116,612 00
Dividends on Stocks 226,603 50
Interest, Discount, and Exchange 93,673 60
Miscellaneous Rentals 4,500 00
Coal Department Earnings (see Sec. 8). ... 1,638,643 13
Expenses— Maint. Way and Structures. . . . $3,304,253 32
Maintenance of Equipment 2,454,236 84
Conducting Transportation . . . 7,474.433 17
General Expenses 379,256 36
Total ($17,662.79 per mile) 813.612.17969
Taxes $773.238 71
Interest on Bonds 214.362 84
Rentals Leased Lines (see Sec. 4a) 5.173.491 30
Rentals New York Terminals 142.02816
Renewals and Betterments 2.523,127 06
Sundry Old Accounts Charged Off 119.18423
Dividends (7 p. c.) on Stock 1,&34.00000
Total, Net Income $11,975,486 77 Total Payments $10,779,432 30
Surplus for year, $1,196,054.47; surplus forward, $15,523,572.45— total, $16,719,626.92.
4a. Rentals of Leased Lines. —Morris and Essex RR., $2.721,398.33 ; Morris and Essex
Extension RR., $8,840 ; Newark and Bloomfield RR., $6,231; Passaic and Delaware RR.,
$5,552.50; Passaic and Delaware Extension RR., $4,000; Chester RR., $1,666.67; War-
ren RR., $195,781.84; Valley RR., $57,500; New York, Lackawanua and Western Ry.,
$1,670,000; Cayuga and Susquehanna RR., $54,600; Greene RR., $25,024.96; Utica, Che-
nango and Susquehanna Valley Ry., $240,000 , Oswego and Syracuse RR., $182,896— total,
$5,173,491.30.
5. General Balance Sheet, December 31, 1901.
Cost of Road and Equipment $25,444,995 59
Other Permanent Investments 7,255,032 45
Stocks ($4,662,382.75) and Bonds in Treas. 7,390,912 62
Advances to Leased and Controlled Rds. 881,430 71
Advances on Coal to be Delivered 1,315,424 18
Coal on Hand 1,642,573 44
Materials, Fuel, and Other Supplies 1,243,529 97
Cash 3,193,500 17
Bills Receivable 3,745 25
Due from Agents, Conductors, etc 583,359 57
Coal Bills and Sundry Accounts Due 2,556,579 25
Suspense Account 110,429 40
Total Assets $51,621,51260
Capital Stock ($50 shares) $26,200,000 00
Funded Debt Outstanding 3,067,00000
Rentals Accrued, not Due 1,523,598 44
Interest Accrued, not Due 71,376 67
Dividends, Interest, and Rent Past Due.. 131,167 30
D., L. & W. Dividend, Payable Jan. 20.. 458.500 00
Audited Vouchers 1,640,433 55
Audited Pay Rolls 062.703 21
Accrued Taxes, not Due 427, o77 50
Mortgages on Real Estate 62,07390
Due to Companies and Individuals 357. 455 11
Profit and Loss 16,719.fr2(i 02
Total Liabiliites .$51,621,512 60
0. Funded Debt — Funded debt, Dec. 81, 1901, consisted of $3,067,000 (auth., $10,000,000) consol. 7s
of Sept. 1, 1907, int. M. &. S. Additional particulars are in the Ready Reference Bond List — see General
Index.
7. Statement showing for the year ending Dec. 81, 1901, the traffic operations, income,
etc., of the D., L. & W. RR. proper, and its principal controlled lines :
D., L. & W.
RR. and
Leased Lines.
CONTROLLED RAILKOADS.
Syra., Bing.
& N. Y. RR.
Sussex RR.
Lack. &
Mont. RR.
Ban. & Port.
Ry.
770.67
15,025,996
320,636,013
14,846,477
2,327,875,461
$
4,522,382 69
6,668,688 60
10,749,344 49
1,567,21845
80.95
361,124
10,443,281
2,432,003
127,350,871
$
221,453 34
339,104 06
418,293 25
92,066 15
30.55
135,204
1,418,190
190,725
3,813,270
$
42,058 21
92,154 67
7,86705
22,466 24
10.48
40,274
392,496
17,626
185,839
$
12,279 11
4,93046
1,60997
2.02520
38.38
90.603
773,704
485,606
6,774,997
$
15,968 73
216,186 69
14,719 85
7,85357
Coal
Miscellaneous
23,507.634 23
13,612,179 69
1,070,916 80
545,272 01
164,546 17
100.952 95
20,84474
19.795 43
254.72884
187.480 99
Operating Expenses
9,895,454 54
30,503
17,663
12,840
57.9rp. o.
1.410 c.
0.748 C.
525.644 79
13,229
6,786
6,493
50.91 p. C.
2.120 c.
0.595 c.
63,593 22
5,386
3.305
2.081
61. 35 p. C.
2.965 C.
2.623 c.
1,04931
' 1,989
1,889
100
94. 97 p. C.
3.128 c.
3,.519 c.
67,247 85
6.637
4,885
1.752
73. 60 p. C.
2.064 C.
3.408 c.
Operating Expenses per Mile. ....
Net Earnings per Mile
Expenses to Earnings
Average Rate per Passenger per Mile
POOR'S MANUAL — DELAWARE, LACKAWANNA AND WESTERN RR. CO. 81
8. Coal Department Operations. — The following statement shows the operations of the
company's coal department for the year ending Dec. 81, 1901 :
SALES AND EARNINGS.
Tons.
Amount.
COST AND EXPENSES.
Tons.
Amount.
Coal Sales — At Mines
No.
98,808
982,003
4,715,867
1,537,577
$
196,859 39
1,018,53947
16,4a3,061 11
8,551,548 14
Coal on Hand, Jan. 1, 1901. v . . . .
No.
247,370
1
Company's Supply. .
Local Agencies
Excess by Inventories
25,739
Total
273,109
7.517,416
890.532 90
11,288,07091
Foreign Agencies . . .
Total Sales
Cost of Coal Mined and Purch'd.
7,334,255
531,290
7,334,255
456,270
26,200,00811
166,165 74
Transp.— On D., L. & W. Lines
6,123,978
(2,347,485)
6,253,444
3,618,598
10,656,340 40
1,618,159 54
572,805 18
746,553 13
91,02325
184,765 Ii4
Barge Earnings— Go's Boats
Total Sales and Earnings . . .
Coal on Hand, Dec. 31, 1901..
HandlingLocal andForeignAgen.
26,366,173 85
1,642,573 44
General Expenses
* Vessel Expenses
Total
Totnl Cost and Expenses
26,370,104 16
1,638,643 13
Profit (as per Income Account). .
28,008,747 29
Total
28,008,747 29
Includes cost of new scow barges, $40,000.
9. Statement of operations, all lines owned and leased, and of capital account, for seven
years ending Dec. 31:
1895
1896
1897
1898
1899
1900
1901
Length of Road..
771.49
1,899.41
1,731.70
4,826,822
7,549.165
7,550,785
771.49
1,904.80
1,769.71
4,961,314
7,819,735
7,335,067
770.45
1,909.23
1,788.68
5,010,937
7,905,313
7,070,687
770.71
1,912.34
1,800.42
5,363,911
8,738,673
7,055,841
770.71
1,912.09
1,823.19
I Not
j Reported.
770.60
1.920.87
1,846.16
5,423,002
[ 6,129,997
770.67
1,929.88
1,862.89
5,678,053
6,251,239
Miles of Track
Miles of Steel Kail
Passenger Train Miles..
'Freight Train Miles...
*Coal Train Miles
Total Train Miles..
Passengers Carried
Passenger Miles
19,926,772
11,399,624
222,731,290
11,219,831
1,704,580,520
6,725,464
$
3.486,691 43
16.048,892 81
2,738,685 79
20,116,116
11,042,926
215,104,994
10,882,886
1,654,314,705
6,477,633
$
3,406,492 01
15,349,10411
2,647,909 52
19,986,937
11,299,616
222,300,039
10,798,397
1,616,313,329
6,557,112
$
3,408,982 69
15,033,699 81
2,559,334 62
21,158,425
11,818,218
233,641,749
12,175,838
1,825,705,321
6,643,402
$
3,501,708
16,008,321
2,658.315
12,969,893
260.274,836
12,608,507
1,921,319,288
6,731,353
$
3,951,051
15,707,945
1,666,126
11,552,999
14,428.880
282,446,342
12,481,875
1,885,120,375
6,091,133
$
4,186,232
15,195,510
1,506,021
11,929,292
15,025,996
320,636,013
14,846,477
2,327.875,461
7,398,057
$
4,522,383
17,418,033
1,567,218
Freight (tons) Moved...
Freight (ton) Miles
Coal T.(mkd.fgt.). gross
Passenger Earnings
Freight Earnings
Other Receipts
Gross Earnings
Earn. fnn. Other Sources
Earn, from All Sources.
Exp. and Taxes RR....
Mining, etc
Total Expenses
Net Earnings
22,274,270 03
21,927,63899
21,403,50564
22,896.382 62
21,002,017 12
22,973,381 69
22,168,344
21,528,138
21,325,122
23,504,834
20,887,763
22,891,564
23,507,634
27,440,419
44,201,90902
13,834,419 96
23,606,589 26
44,299,888 26
14,069,136 06
23,499,773 35
43,975,398 81
13,470,754 92
23,188,10484
43,696,482
14,127,398
22,838,580
44,829,956
12,571,210
22,023,480
43,779,327
14,622,279
21,061,805
50,948,053
14,527,447
25,479,571
37,441,009 22
6,760,899 80
214,690 00
5,191,549 50
1,834,00000
28,871 75
17,11461
11,75714
59. 27 p. c.
$
26,200,000 00
3,067,000 00
17,326,421 92
37,568,909 41
6,730,978 85
214,690 00
5,191,54950
1,834,000 00
27,743 08
18,236 32
9,506 76
62. 18 p. c.
8
26.200,000 00
3,067,000 00
15,237,677 19
1,468,90787
36,658,859 76
7,316,539 05
214,690 00
5,191,549 50
1,834,00000
27,259 42
16,592 56
10,666 80
60.87 p. c.
$
26,200,000 00
3,067,000 00
15,313,97674
799,990 79
36,965,978
6,730,504
214,690
5,191,549
1,834,000
28,763 53
17,441 38
11,32215
60. 64 p. c.
$
26,200,000
3,067,000
13,893,530
1,031,879
34,594,690
10,235,266
214,690
5,177,300
1,834,000
27,669 45
15,226 85
12.442 60
55. 03 p. c.
$
26.200.000
3,067,000
15,500,703
35,684,084
8,095,243
214,690
5.150,322
1,834,000
27,109 36
17,849 63
9,259 73
65.84 p. c.
$
26,200,000
3,007,000
15,523,572
40,007,018
tlO,941,035
214,363
5,173,491
1,834,000
30,502 85
17,662 79
12,840 06
57.91 p. c.
$
26,200,000
3,067,000
16,719,627
Interest
Rentals
Dividends
RR. Earnings per Mile.
RR. Expenses per Mile.
RR. Net Earn'gs p. Mile
RR. Expense.* to Earn'gs
Capital Stock
Funded Debt
Profit and Loss
Net Current Accounts.
Total Liabilities....
Permanent Property
Stocks and Bonds
16,593,421 92
33,742,817 29
10,418,038 95
2,231,222 91
201,342 77
45,973,585 06
a%742,817 29
10,373,60200
1,857,165 77
45,380,967 53
33,742,817 29
9,904,137 00
1,734,013 24
44,192,409
33,386,074
9,096,617
1,709,718
44,767,703
33,094,539
4,993.350
991.424
5,688,390
44,790,572
33,185,876
6,041,945
1,141,555
4,421,196
45,986,627
32,700,028
7,390,913
1,243,530
4,652,156
Materials and Supplies.
Net Current Accounts . .
Total Prop. & Assets
46,593,421 92
45,973,585 06
45,380,967 53
44,192,409
44,767,703
44,790,572
45,986,627
* In above table the statistics given for " freight train miles " and " coal train miles " for the years
1895 to 1898 inclusive, include switching service and other non-revenue train mileage; for the years 1900
and 1901, the figures given for freight and coal train mileage combined include only revenue train miles.
Corresponding figures for the previous years covered by the table are not obtainable. t From this amount
should be deducted $'2,523,127 for renewals and betterments, leaving actual net earnings of $8,417,908.
82
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
1O. Statement showing mileage, capitalization, cost, earnings, etc., of the D., L. & W.
RR. railroad department, and of all leased and controlled lines for the year ending Dec. 31,
1901 :
NAME or
ROAD.
$
a
|
LIABILITIES.
Cost of
Road,
Equipm't,
Mini's, etc.
Gross
Earnings.
Net
Earnings
(after pay.
of taxes).
PAYMENTS.
Stock.
Bonds.
Other
Debt.
Total.
Divi-
dends.
Interest.
Del., La. & W.
Totals, Pa.
Lines in N. Y.
N.Y.,La.&W.
Cay'ga&Susq.
Valley
M.
193.99
1
26,200,000
S
3,067,000
$
29,267,000
$
32,700,028
S
8,171,877
S
3,543.196
1,834,000
I
214,363
193.99
214.43
3-1.41
11.11
97.41
8.10
34.98
26,200,000
10,000,000
589,110
750,000
4,000,000
200,000
1,320,400
3,067,000
22,000,000
29,267,000
32,000,000
589,110
1,153,256
4,000,000
400,000
2,427,225
32,700,028
32,000,000
600,000
1,153,256
4,000,000
400,000
2,398,561
8,171,877
t
\ 9,053,054
J
6,282,703
J
3,543,196
r
4,063,107 -!
I
f
1,528,291 -
1,834,000
500.000
54,600
87,800
940,000
12,000
118,836
214,363
1,170,000
400,000
3,256
20.000
U. C. &S.Vy.
200,000
1,106,000
13,025
64,060
Oswego & Syr.
Totals, N.T.
Lines in N. J.
Morris & Es..
M. &E. Ext..
Chester.
825
400.44
119.70
1.92
10.04
4.24
18.82
14.11
7.41
16,859,510
15,000,000
221,000
100,534
103,850
1,800,000
111,050
100,000
83,706,000
25,625,000
4,081
129,695
56,675
27,655
180,131
2,110
35,379
40,569,591
40,754,695
277,675
228,189
283,981
3,196,110
146,429
100,000
40,551,817
39,613,508
277,675
228,189
283,981
3,196,110
146,429
100,000
962,936
1,050,000
8,840
1,267,085
1,671,398
100,000
1,667
New.& Bloom.
Warren
6,231
126,000
5,552
4,000
1,394,000
69,782
Passaic & Del.
Pass. & D. Ex.
Totals, N. J.
Tot. O'd <fe L'd
8., B. & N. Y.
Sussex
176.24
17,436,434
27,119,000
431,645
44,987,079
43,845,892
1,200,623
1,742,847
770.67
80.95
30.55
10.48
38.38
16.79
60,495,944
2,500,000
1,638,600
130,500
510,000
154,260
53,892,000
1,966,000
235,500
435,726
114,823,670
4,466,000
1,874,100
130,500
890,000
701,927
117,097,737
4,635,972
1,929,025
130,790
891,680
663,338
23,507,634
1 1,519,112
J
9,134,594
601,400-j
200,000
32,772
3,224,295
137,620
16,592
La. & Mont . .
Bang. & Port.
FourSh'tRRs.
Cont. Lines...
Gd. Totals..
380,000
115,000
25,500
22,000
432,667
177.15
4,933,360
2,696,500
432,667
8,062,527
8,250,805
258,272
176,212
947.82
65,429,304
56,588,500
868,393
122,886,197
125,348,542
25,026,746
9,735,994
4,255,831
3,400,507
11. RAILROADS LEASED BY THE D., L. & W. RR. Co. AND WHOSE OPERATING RESULTS
ARE INCLUDED IN THE INCOME ACCOUNT OF THE LESSEE.
and Snsqnehanna RR.— Susque-
hnnim River, near Owego, to Ithaca, N. Y., 34.41 m.;
total track (steel, 36.49 m.), 41.39 miles. Originally
the Ithaca and Owego RR. Co. (chartered Jan. 28,
1828; opened April 1, 1834); reorganized under exist-
ing title April 13, 1843. Leased from April 21, 1855,
at an annual rental of $54,600. Paid dividends in
1901 (9i p. c.), $55,965; sundry disbursements, $638
— total, $56,603. Capital stock, $589,110; income ac-
count, $12,068 — total, $601.178. Cost of road, $600,-
000; cash. $1,178. M. Taylor Pyne, Pros.; S. S.
Palmer, Treas., 52 Wall St., New York, N. Y.
Chester RR.— Dover to Chester, N. J., 10.04
m.; total track (steel, 10.57 m.). 11.91 miles. Char-
tered in 1868; opened in 1872. Leased to Morris and
Essex RR. Co. for 4 p. c. on bonds. Capital stock,
$100,534.13; funded debt, 1st mtge. 4 p. c. bonds,
$100,000; floating debt, $27,654 — total, representing
cost, etc., $228.189.
Greene RR.— Chenango Forks to Greene, N. Y.,
8.10 m.; total track (steel), 9.17 miles. Organized
Oct. 18. 1869; opened in 1871. Leased April 26,
1870, at an annual rental of $26,000, equal to 6 p. c.
on its capital stock and 7 p. c. on its bonds. Capital
stock. $200,000; funded debt (1st 7s of Dec. 1. 1902),
$200,000— total, representing cost of road, etc.. $400,-
000.
Morris and Essex Extension RR.— Junc-
tion with Morris and Essex to city of Paterson. 1.92
m.; total track (st«»l, 6.38 m.), 6.64 miles. Char-
tered In May, 1889; opened in Sept., 1889. Operated
hy the P., L. & W. RR., as lessee of th« Morris and
Essex RR., under an agreement to pay 4 p. c. on its
stock, etc. Capital stock, $221.000; floatine debt,
$56.675 — total, representing cost of road, $277,675.
Morris nnrt Essex RR.— Hoboken, N. J.. to
I'hllllpsburg, N. J., 85.23 m. ; Denville to West End
Tunnel, N. J., 34.47 m.— total, 119.70 m. ; 2d track,
94.25 m.; total track (steel, 369.17 in.). 4o2.f>o miles.
Rail, 68$ to 80 Ibs. Chartered Jan. 29, 1835; opened
to Hackettstown, 53 m., in Jan., 1854; to Phillipsburg
in 1866. Tunnel completed in 1876. Leasod in 1868
to the D., L. & W. RR. Co., the lessee assuming
all liabilities and agreeing to pay 7 p. c. per annum
on the capital stock and interest on the bonds.
Rental, 1901, $2.721,398; being interest on bonds. $1.-
671.398, and dividends (7 p. c.) on stock, $1.050,000.
Balance Sheet, Dec. 31. 1901. — Capital stock. $15.-
000.000; funded debt, $25.625,000; sundry liabilities.
$129,695 — total, $40.754.695. Contra: Construction
and equipment, etc., $39.613.508: sundry assets,
$432,535; profit and loss, $7O8.6.->2— t..tnl. .f4'l.7r.l.-
695. The funded debt consists of (1) $6,000,000 1st
7s of May 1, 1914. int. M. \- N.; cii si l.ii77.i"><> 1st
consol. guaranteed 7s of June 1, 1915, int. J. & D. ;
(3) $100.000 real estate mortgage, due Nov. 1. I'.HIU.
int. M. & N.; (4) $1,800,000 nitge. bonds, due Jan.
1. 1912. Int. J. & J.: (5) $7.0OO.onr> 1st refunding
gold 3Js of Dec. 1. 2000. int. J. & D., and (6) ?IV-
000 consols, of Oct., 1901. past due. The refund-
ing bonds, $35.000.000 authorized, are to be issue. 1
for the retirement of the underlying bonds and of
$100.000 bonds of the Chester RR. Co. and to reim-
burse the D.. L. & W. RR. Co. for expenditures
made or to be made on this road. Tha mortgage
covers the entire property now owned or hereafter
acquired, subject to prior liens. All of the bonds
are assumed and guaranteed by the D.. L. & W.
RR. Co. Wm. H. Truesdflle. Pres. : Arthur D.
Chambers. Sec;; Fred F. Chambers. Treas.. New
York. N. V.
Netrarlc and Bloomfield RR.— Newark
Junction to Montclair, N. J.. 4.24 m.: 2d track, 2.75
m. ; total track (steel), 10.80 miles. Chartered
POOR'S MANUAL — DELAWARE, LACKAWANA AND WESTERN SYSTEM. 83
March 26, 1852; opened July 1, 1856. Leased to
Morris and Essex RK. at an annual rental of 6 p. c.
on capital stock. Capital stock, $103,850; floating
debt, $180.131.09 — total, representing cost of road,
••to.. $2s::.!>8l.09.
New York, Lackawanna and Western
Ry.— rUngliamton, N. Y., to International Bridge,
N. Y., 207.16 m. ; Cayuga Extension, 0.5 m. ; Buffalo
City Branch, (5.77 m.— total, 214.43 m. ; 2(1 track
L'13.22 m. ; sidings, 158.86 m. ; total track (steel; 60 to
So Ibs.). 573.75 miles. Chartered Aug. 26, 1880;
road opened Sept., 1882. Leased in perpetuity to
the D., L. & W. RR. Co. at an annual rental equal-
ling interest on bonds and 5 p. c. on stock, the lessee
.•tssumiiig all outstanding liabilities, including prin-
cipal on bonds, and receiving all assets. Balance
Sheet. Dec. 31, 1901. — Capital stock, $10,000,000;
funded debt ($12.000,000 1st 6s of Jan. 1, 1921, int.
.T. & J. ; $5.000,090 construction 5s of Aug. 1, 1923,
int. F. £ A.; and $5.000.000 terminal improvement
Is of 1923, int. M. & N.), $22,000,000— total, $32,-
000,000. Cost of road and equipment, $31,990,372.
Wm. II. Truesdale, Pres. ; Fred F. Chambers, Sec.
& Treas.; Arthur D. Chambers, Asst. Sec & Treas.,
New York, N. Y.
Oswego and Syracuse RR.— Syracuse, N.
Y., to Oswego, N. Y., 34.98 m.; total track (steel,
r>2.40 in.). 60.20 miles. Chartered April 29, 1839;
charter amended May 14, 1845; opened May 14, 1848.
Leased Feb. 13, 1869, at an annual rental equal .to
9 p. c. on capital stock and Interest on bonds. Rental
in l!)0l; $182.896. Payments: Interest on bonds, $64,-
ot ;o: dividends (9 p. c.), $118,836. Capital stock,
$1.320,400; funded debt ($438,000 1st consol. guar-
anteed 7s of March 1, 1907, int. M. & S. ; and
$668,000 guaranteed construction 5s of 1923, int. M.
& N.). $1.106,000; due lessee, $825— total, $2.427,-
225. Contra: Cost of road and equipment. $2,398,-
561. profit and loss (assumed by lessee), $28,664 —
total, $2.427,225.
Passalc and Delaware Extension RR.—
June, with Passalc and Delaware RR. at Bernards-
ville to Gladstone, 7.41 m.; total track (steel), 9.37
miles. Chartered In April, 1890; opened In Sept.,
1890. Operated by the D., L. & W. RR. as lessee of
the Passalc and Delaware RR., under an agreement
to pay 4 p. c. on Its stock, etc. Capital stock, repre-
senting cost of road, $100,000.
Passaic and Delaware RR.— Summit, N. J.,
to Bernardsville, N. J., 14.11 m. ; total track, (steel,
16.44 m.), 18.49 miles. Organized Oct. 9, 1878, as
successor of the New Jersey West Line RR. Co.
The road was leased, Nov. 1, 1882, to the D., L. &
W. RR. Co., at a yearly rental of 5 p. c. on the
capital stock. Capital stock, $111,050; due lessee,
$35,379 — total, representing cost of road $146,429.
Utlca, Chenang-o and Snsquehanna
Valley Ry.— Greene, N. Y., to Utica, N. Y., 75.66
m. ; Richfield June, to Richfield Springs, 21.75 m.—
total. 97.41 m. ; total track (steel), 132.30 miles.
Organized Jan. 11, 1866; opened Oct. 10, 1872. Leased
to the D., L. & W. RR. Co., April 9, 1870, at an
annual rental of 6 p. c. on capital stock. Capital
stock, representing cost of road, etc., $4,000,000.
Valley RR.— Pennsylvania State Line to Blng-
hamton, N. Y., 11.11 m.; 2d track, 11.11 m.; total
track (steel), 26.66 miles. Organized March 4, 1869;
opened in 1870. Leaded to the D., L. & W. RR. Co.,
April 15, 1869; annual rental, Interest on bonds and
5 p. c. on capital stock. Capital stock, $750,000;
funded debt (1st 5s of Aug. 1, 1911, int. F. & A.),
$400.000; due lessee, $3,256 — total, representing cost
of road, etc., $1.153,256.
Warren RR.— New Hampton Junction to Dela-
ware River, N. J., 18.82 m. ; 2d track, 13.83 m. ; total
track (steel. 39.95 m.). 40.16 miles. Chartered Feb.
12, 1851; opened in June, 1856. Leased to the D., L.
6 W. RR. Co., Oct. 1, 1857; annual rental, Interest
on bonds and dividends of 7 p. c. on capital stock.
Balance Sheet, Dec. 31, 1901. — Capital stock. $1.800,-
000: funded debt (see below). $1.394,000— total, $3,-
194,000. Cost of road, $3,196.110. Funded debt con-
sists of $484,000 consol. 1st 7s of March 1, 1905, Int.
M. & S. ; and $910,000 ($2.000,000 auth.) 1st re-
funding 3}s of Aug. 1, 2000, Int. F. & A. The re-
mainder of the refunding bonds will be used for the
retirement of the Ists and to reimburse the D., L. &
W. RR. Co. for future capital expenditures on this
road.
12. CONTROLLED RAILROADS, OPERATED BY THE D., L. & W. RR. Co., BUT THE
RESULTS OF THEIR OPERATION NOT INCLUDED IN THE INCOME ACCOUNT OF THAT
COMPANY.
Baiieor and Portland Ry. — Portland to
Bath, Pa., 29 m. ; Nazareth June, to Martin's Creek,
Pa.. 4.60 m.; branches, 4.78 m. ; Eastou and North-
ern RR. (leased), 8.14 m. — total 46.52 m. ; total
track (steel, 58.42 m. ), 61.87 miles. Rail, 56 and
(50 Ibs. Consolidation, July 1, 1899, of the Bangor
and Portland Ry. Co., and the Nazareth and Lehigh
Ry. Co. This company leases 8.14 miles of the
Easton and Northern RR., from Belfast to Easton,
Pa., for six years, from Aug. 1, 1898, at 30 p. c. of
gross earnings. See General Index for statement of
E, & N. RR. Co. The D., L. & W. RR. Co. con-
trols this company through ownership of its entire
capital stock.
Operations, year ending Dec. 31, 1901 (see Sec.
7 in D., L. & W. statement). — Gross earnings, $254,-
728.84. Operating expenses, $187.480.99. Net earn-
ings, $67.247.85. Payments: Taxes, $4,243.12; in-
terest on bonds. $22.200; rental (E. & N. RR.), $18.-
163.25; dividend (July, 1902. 5 p. c.), $25,500— total,
$70.106.37. Deficit. $2,858.52.
Balance Sheet. Dec. 31, 1901.— Capital stock ($100
shares), $510,000; funded debt ($150.000 1st 6s of
Jan. 1. 1930; $100.000 1st 6s of Jan. 1, 1932; $70,000
1st 6s of Jan. 1, 1936; and $60,000 1st 5s of March
1. 1925; Int. J. & J.), $380,000 — total, representing
cost of property, $890.000.
Officers: W. H. Truesdale. Pres.; Fred F.
Chambers, Sec. & Treas., New York, N. Y. Office,
26 Exchange Place. New York. N. Y.
Hanover and Newport RR. — Near Ply-
mouth Station to north of Newport Center, Pa.,
3.41 m. : Auchincloss Branch, 0.63 m.; Warrior Run
Branch. 2.77 m. — total. 6.81'm. ; total track (steel).
10.34 miles. Chartered March 14. 1894. The road
is completed to two collieries of the D., L. & W.
RR. Co.. and its only earnings are from rents for the
use of its tracks by that company. Income, year
ending Dec. 31. 1901, $8.075.25. Expenses, $4,606.14.
Surplus, $3.469.11. Wm. F. Hallstead. Pres.,
Scranton, Pa.; Fred F. Chambers, Sec.; Arthur D.
Chambers. Treas., New York, N. Y. Office,
Scranton. Pa.
Hopatcongr RR. — Junction with Morris and
Essex RR., near Hopatcong, to works of the
American Forclte Powder Manufacturing Co., at
Roxbury. N. J., 0.89 m. ; total track (steel, 2.43
m.), 2.56 miles. Gauge, 4 ft. 8i in. The Delaware,
Lackawanna and Western RR. Co. acquired posses-
sion of this road on Aug. 16. 1892, by the purchase
of its stocks. Its operations are included In those
of the D.. L. & W. RR. Co. Capital stock, $10,000;
profit and loss, $7,485 — total, $17,485, representing
cost of road.
Lackawanna and Montrose RR. — Alford
to Montrose, Pa., 10.48 m. ; total track (steel; 68i
Ibs.), 11.79 miles. Chartered Sept. 30, 1889; road
opened Aug. 24, 1891. Rolling stock supplied by the
D., L. & W. RR. Co.
Operations, year ending Dec. 31, 1901 (see Sec.
7 in D., L. & W. statement). — Gross earnings, $20,-
844.74. Operating expenses, $19,795.43. Net earn-
ings, $1,049.31. Paid taxes, $1,195.69. Deficit,
$146.38.
Balance Sheet, Dec. 31. 1901. — Capital stock
($150,000 auth.; $50 shares). $130.500; profit and
loss, $20,929.69— total, $151,429.69. Contra: Cost of
road, $130,789.68; other assets, $20.640.01.
Officers: E. E. Loomis, Pres., Scranton, Pa.; Fred
F. Chambers, Sec. & Treas., New York, N. Y.
General Office, Montrose, Pa.
Snssex RR. — Junction with Morris and Essex
RR. near Stanhope, N. J.. to Franklin. N. J., 24.24
m.; Lafayette to Branchvllle, N. J., 6.31 m. — total,
30.55 m. ; total track (steel. 35.52 m.), 37.76 miles.
Chartered Feb. 5, 1853; main line opened Dec. 11,
1854. (See Manual for 1900, page 92.)
Operations, year ending Dec. 31. 1901 (sea Sec.
7 in D., L. & W. statement). — Gross «arnings, $164,-
546.17. Operating expenses, $100,952.95. Net earn-
ings, $83.593.22. Payments: Taxes, $4,738.18; In-
terest on bonds, $16.592.50; dividends (Aug., 1901, 2
p. c.), $32,772— total, $54,102.68. Surplus, $9.490.54.
General Balance Sheet, Dec. 31, 1901. — Capital
stock, $1,638,600; funded debt (1st 7s of April 1,
84
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
1903, Int. A. & O.), $235.600— total, $1,874,100.
Contra: Cost of road and equipment, $1.929.025.21.
Officers: W. H. Truesdale, Vlce-Pres. ; Fred F.
Chambers, Treas.; A. D. Chambers, Sec., New York,
N. Y. General Office, 26 Exchange Place, New
York, N. Y.
Syracuse and Baldwlnnvllle Ry.— Con-
nection with D., L. & W. system to village of
Baldwlnsvllle, N. Y., 0.95 m. ; total track (steel;
66 Ibs. ), 1.95 miles. Chartered Jan. 27, 1891, as
successor to the Syracuse and Baldwlnsvllle RR. Co.
(See Manual for 1894, page 1396.) Controlled by the
D., L. & W. RR. Co., through ownership of stock.
This road Is practically abandoned, not having been
operated since July, 1892. Balance Sheet, June 30,
1901.— Capital stock ($8,620 common and $85,640
preferred; $100 shares), $94,260; funded debt (1st
4s of July 1, 1940, Int. J. & J.), $115.000; Interest
on funded debt due and accrued. $39,615 — total,
$248.875. Contra: Cost of road, $190,992; 1st mtge.
bonds on hand, $8.000; due from D., L. & W. RR.
on open account, $2,951; profit and loss, $46,932 —
total, $248,875. Presidency vacant; Fred. H. Gib-
bens, Sec. & Treas.; O. C. Post, Aud., New York, N.
Y. General Office, 26 Exchange Place, New York,
N. Y.
Syracuse, Blngrhamton and »TV
York RR. — Geddes, N. Y., to Binghamton. N.
Y., 80.95 m. ; 2d track, 31.98 m. ; sidings. 42.30 miles.
Gauge, 4 ft. 8i in. Rail (steel, 141.59 m.). 60 to
80 Ibs. Chartered as Syracuse and Binghamton
RR. Co., Aug. 18, 1851. and road opened Oct. 18,
1854. Reorganized, after foreclosure. April 30,
1857. Controlled by D., L. & W. UR. Co.
Operations, year ending Dec. 31, 1901 (see Sec. 7
In D., L. & W. statement). — Gross earnings, $1.070.-
916.80. Operating expenses, $545.272.01. Net earn-
ings, $525,644.79. Payments: Interest on bonds,
$137,620; taxes, $49.428.01; dividends (8 p. c.),
$200,000— total. $387.048.01. Surplus, $138,596.78.
General Balance Sheet, Dec. 31. 1901. — Capital
stock. $2.500.000; funded debt (ronsol. 7s of Oct. 5.
1906. Int. A. & O.), $1.966.000— total. $4.466.000.
Contra: Cost of road and equipment, $4,635,971-59.
Officers: W. H. Truesdale. Pres. ; Fred F.
Chambers, Sec. & Treas., New York, N. Y. General
Office, 26 Exchange Place, New York, N. Y.
Samuel Sloan NewYork,N.Y.
Fred W.Vanderbilt.
William W. Astor. .
Eugene Higgins
Ham. McK.Twombly.New York,N.Y.
James Stiilman " „ "
M. Taylor Pyne "
Harris C. F.-ihnegtock.
13. Board of Managers, D., L. & W. RR. Co., elected February 25, 1902.
SAMUEL SLOAN, Chairman of Board ................... New York, N. Y.
Henry A. C. Taylor. New York, N.Y.
J. Rogers Maxwell.
George P. Baker.. . "
William Rockefeller. "
"Prank Work .............. New York, N. Y. | John D. Rockefeller, Jr... New York, N. Y.
WILLIAM H. TRUESDALE, President .................... New York, N. Y.
E. E. Loomis, Vice- President in charge of Coal Dept ...... " " "
B. D. Cal dwell, Vice-President in charge of Traffic Dept. . " " "
Sec. <fc Treas. — Fred F. Chambers . . . .New York, N. Y. | General Auditor— Q . C. Post .......... New York, N. Y.
GENERAL OFFICE .......................... 26 Exchange Place, New York, N. Y.
DELAWARE, STJSQUEHANNA AND SCHUYLKILL RAILROAD COMPANY.
Mileage Operated, June 30, 1901.— A LINES OWNED (total, 47.66 miles).
Main Line : Drifton, Pa. , to Qowen, Pa 30.63 miles.
Branches: Oneida Junction to Sheppton, Pa., 9.73 m.; Eckley, 0.57 m.
Stockton, 0.15 m. ; Beaver Meadow, 1.71 m. ; Oneida Breaker. 2.31 m.
Tomhicken Breaker, 0.57 m.; Lumber Yard Connection, North, 0.82 m.
Lumber Yard Connection, South, 0.62 m. ; Harwood, 0.55 m. — total 17.03
B. LEASED LINE : Tamaqua, Hazleton and Northern RR.: At Roan, Pa 0.41 "
C. TRACKAGE EIGHTS (total, 132.88 miles).
Lehigh Valley RR.: Long Run Junction to Lattimer Breakers, Pa 8.70 "
Lehigh Valley RR. : Lumber Yard Connection to Perth Amboy, N. J 124.18 "
Total length of lines operated, June 30, 1901 180.95 miles.
Sidings (owned, 28.28 m. ; leased, 1.77 m.), 30.05 miles. Gauges, 4 ft. 8i in. and (section of
main line from Deringer to Gower, 1.97 m., and Oneida Breaker Branch, 2.31 m. — total, 4.28
m.), 4 ft. Oi in. Rail (steel— owned, 71.97 m. ; leased, 2.18 m.— total, 74.15 m.), 60 and 80 Ibs.
History. — Chartered April 14, 1890 ; road opened, as above, Feb. 15, 1892.
Rolling Stock, June 30, 1901. — Locomotives, 23. Cars — passenger, 1 ; combination, 2 ;
freight (flat, 9; coal, 1,501), 1,510; service, 18— total, 1,531.
Operations, for year ending June 30, 1901. — Train mileage — passenger, 33,749 ; freight,
343,445; mixed, 26,468; other, 1,381— total, 405,043 miles. Passengers 'carried, 23,952;
carried one mile, 202,355; average mile rate, 2.89 cents. Tons freight moved, 2,015,527;
moved one mile, 185,554,770 ; average ton-mile rate, 0.61 cent.
Expenses— Maintenance- Way and Structures. $66,325 23
Maintenance of Equipment 92,255 33
Conducting Transportation 774,944 27
General 59,675 43
Earnings— Passenger $5,84880
Freight 1,138,663 89
Mail 48476
Miscellaneous 264 99
Total ($6,329.16 per mile) $1,145,262 44 Total ($5,488.81 per mile) $993,200 26
Net earnings (13.28 p. c.), $152,062.18. Payments : Interest on bonds, $35,266.67 ;
rentals, $376.16; taxes, $10,203.82— total, $45,846.65. Surplus, $106,215.53; surplus forward,
POOR'S MANUAL OF RAILROADS. 85
$468,554.26— total, $574,769.79. Deduct: 4 p. c. dividend out of the profits of the company
to June 30, 1900, $60,000 ; general depreciation, $50,000— total, $110,000. Surplus, June 30,
1901, $464,769.79.
Capital account, income, etc., for the seven fiscal years ending June 30 :
Years.
Capital
Stock.
1895 1,500,000
1896 1,500,000
1897 1,500,000
1898 1,500,000
1899 1,500,000
1900 1,500,000
1901 1,500,000
B'ded
Debt.
$
600,000
600,000
600,000
600,000
600,000
600,000
550,000
Cost RR.
and
Inv'tm'ts.
8
2,151,165
2,146,603
2,159,987
2,153,558
2,150,921
2,132,357
2,132,357
Eoad
Miles.
182.64
182.64
182.64
181.00
181.74
180.95
180.95
Qross
Earn-
ings.
$
1,241,379
1,218,452
1,045,202
1,091.186
1,123,398
1,142,463
1,145,262
Net
Earn-
ings.
302,002
219,130
207,989
141,941
183,064
180,162
152,062
Inter't
Paid.
$
3G,000
36,000
36,000
36,000
36,000
36,000
35,267
Divid'nds Total
Paid.
$
400,000
60,000
60,000
Pay-
ments.
$
450,456
66,901
62,521
46,780
56,979
105,346
Balance
(+ or -).
$
-148,454
+ 152,229
+ 145,4B8
+ 95,161
+ 126,085
+ 70,312
+ 46,216
General Balance Sheet, June 30, 1901. -Capital stock ($50 shares), $1,500,000 ; funded
debt (1st 6s of April 1, 1909, int. A. & O.), $550,000 ; current liabilities, $79,488.78 ; interest
on bonded debt, $8,250 ; general depreciation, $50,000 ; profit and Ions, $464,769.79— total,
$2,652,508.57. Contra: Cost of road and equipment, $2,132,356.86; materials, etc., $14,-
376.34; cash, $889.84; current assets, $504,885.53— total, $2,652,508.57.
Directors (elected Jan. 13, 1902).— Alexander B. Coxe, Eckley B. Coxe, Jr., Drifton, Pa.;
Henry B. Coxe, Irving A. Stearns, New York, N. Y.; Henry B. Coxe, Jr., Philadelphia, Pa.;
S. P. Wolverton, Sunbury, Pa.; Alexander Brown Coxe, Paoli, Chester Co., Pa.
IRVING A. STEARNS, President New York, N. Y.
Treasurer— J. Brinton White New York, N. Y. | Secretary— Arthur McClellan , .Drifton, Pa.
PRINCIPAL OFFICE AND ADDRESS Drifton, Luzerne Co., Pa.
New York Office. . . 143 Liberty Street.
ERIE RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Bonded Debt, Details of 12 Floating Equipment, Details of.. 6 Leased Lines, Summary of 2
Bonds and Stocks Pledged under Funded Debt, Details of 12 Mileage Operated, June 30. 1901 .. 1
IstConsol. Mtge 12 General Balance Sheet, June 30, Operations, Income and General
Capital Stock, Description of 11 1901 10 Accounts. 1896-1901 9
Directors and Officers 18 General Balance Sheet, 1896-1901 9 Proprietary Rds.,Statem'ts of. 15 & 16
Earn, and Exp., June 30, 1901 7 History 4 Rolling Stock, Details of . 5
Earnings, Expenses, etc. ,1896-1901 9 Income Account, June 30, 1901. .. 7 Securities Pledged under 1st Con-
Equipment Trust Obligations 13 Income Account, Years 1896-1901. 9 sol. Mtge 12
Erie Coal Companies, General Interest, Rental, etc., Details of .. 8 Trackage Contracts 3
Balance Sheet, June 30, 1901 ... 14 Leased Linei, Statements of. .2 & 17 Voting Trust 11
1. Mileage, June 30, 1901.— A. OWNED ABSOLUTELY (total, 776.98 miles).
Main Line : Piermont to Dunkirk, N. Y 446.64 miles.
Weehawken Branch: Bergen Tunnel, Jersey City, to N. J. Junction RR 0.43
Newburgh Short Cut : Arden Junction to Vail's Gate Junction, N. Y 12.64
Newburgh Branch : Greycourt to Newburgh, N. Y 18.73
Buffalo Division : Hornellsville to Buffalo, N. Y 92.16
Attica Section : Painted Post via Avon to Attica, N. Y 109.01
Niagara Falls Branch : East Buffalo to Suspension Bridge, N. Y 24.01
International Bridge Br.: Junction to International Bridge, N. Y 4.50
Southwestern Division : Buffalo Creek Junction to Jamestown, N. Y 66.36
Edgerton Branch : Erie Breaker to Edgerton Breaker, Pa 2.50
B. ENTIKE CAPITAL STOCK OWNED (total, 883.11 miles).
Long Dock Co.'s RR 2.56 m. Brought forward 81.84
Newark and Hudson RR 5.62 m. Erie and Black Rock RR 1.14
Paterson, Newark & N. Y. RR 11.33m. Conesus Lake RR 1.61
Bergen County RR 9.82 m. N.Y., L. E. & W. C. & RR. Co.. . . 52.64
Arlington RR 1.16 m. Nypano RR 421.82
Bergen and Dundee RR 2.45 m. Chicago and Erie RR 249.57
Jefferson RR 44.69 m. Erie and Wyoming Valley RR. . 58.88
Moosic Mt. & Carbondale RR 4.21 m. Hawley Br. (Pa. Coal Co. RR.). . 15.61
(Continued on neart page,)
86
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Brought forward l,660.09miles.
C. MAJORITY OF CAPITAL STOCK OWNED (total, 157.95 miles).
N. Y. & Greenwood Lake Ry 51.66 m. Brought forward 68.39 "
Middletown and Craw ford RR 10.22 in. TiogaRR 58.15 "
Elraira State Line RR 6.51 m. Buffalo, Bradford & PittsburghRR 31.41 "
D. LEASED LINES (total, 279.62 miles).
Paterson and Hudson River RR 13.86 m. Brought forward 86.85 "
Paterson and Ramapo RR 14.03m. Clevel. & Mahoning Vy. Ry 12^.07 "
Union RR 0.79m. Westerman RR 2.09 "
Montgomery and Erie RR 10.43m. Sharon Ry 83.07 "
(ioshen and Deckertown RR 11.64m. Youngstown & Austint. Ry 8.49 "
Rochester and Genesee Vy. RR 18.40m. Northern RR. of New Jersey 26.05 "
Avon, Geneseo & Mt. Morris RR. . . .17.70 m.
E. TRACKAGE RIGHTS (total, 58.08 miles).
N. J. Junction BB. : Weeha'ken Br. to D. & H. Docks, Weeha'ken, N. J 3.02
Northern Central By.: Southport June, to State Line June., N. Y 2.31
rjA-7 j 7 j,- A w~s* T>T> \ Johnsooburg to Brock way ville. Pa .. 27.76
Philadelphia and Erie SB. : j Ridge way to Daguscahonda, pk 5.00
Chicago and Western Indiana BB. : State Line, Ind., to Chicago, 111 19.99
Total, on which returns in Sec. 7 are based 2,155.74 miles.
OWNED BUT NOT OPERATED : Tonawanda to Lockport, N. Y. (electric line). . . 15.12 "
TRACKAGE RIGHTS FOR THROUGH FREIGHT ONLY :
Fall Brook By.: Corning, N. Y., to Newberry June., Pa 109.20 "
CONTR'D BY OWNERSHIP OF MAJORITY OF STOCK, BUT OPERAT'D SEPARATELY :
New Jersey and New York BB. (see separate statement there for).. 36. 87 m.
Trackage : Oarnermlle BB. (see separate statement therefor).. . . 1.00 m. — 37.87 "
Total mileage of Erie System, June 30, 1901 2,317.93 miles.
la. Statement of track mileage of the Erie System, June 30, 1901 :
First
Track.
Second
Track.
Third
Track.
Fourth
Track.
Side and
Other
Tracks.
Total
Track.
Steel
Rails.
Owned or Controlled Absolutely
Majority of Stock Owned
Leased Lines
Trackage Rights
M.
1,675.21
194.82
279.62
168.28
M.
531 .08
23.00
116.07
30.81
M.
0.10
M.
0.06
11.77
11.77
M.
956.54
66.99
205.39
48.55
jr.
3,162.99
284.82
624.62
247.64
M.
1,412.23
864.18
31»2.3S
'.»•,'. 41
Totals.
700.96
11.87
11.83
1,277.47
4,320.07
l. IS
Gauge, 4 ft. 8J in. Rail (steel), 68 to 90 Ibs.
The single track railroads of this company and the Cleveland, Cincinnati, Chicago and
St. Louis Ry. Co. parallel each other between Gallon and Marion, O., a distance of about
20 miles. Under an agreement made in June, 1901, that section is now operated jointly by
the two companies as a double track railroad, thereby greatly increasing the carrying capacity
and the safety of operation of both railroads.
In addition to the controlled roads operated directly by it, the Erie RR. Co. controls
the New York, Susquehanna and Western RR. Co. (statement for which see) by ownership of
about 97£ per cent, of its capital stock. The property is operated separately by its own
organization. The company also has an interest in the Lehigh Valley RR. Co., acquired
during the fiscal year ending June 30, 1901.
2. Leased Lines. — The following is a statement of leased lines of the Erie RR. Co. on
June 30, 1901, their terminal points and mileage, the dates and terms of the leases, and
the annual rental charge. The Middletown and Crawford, the Elmira State Line, and the
New York and Greenwood Lake are shown here as leased lines, although in the main statement
of mileage they are classified as railroads controlled by ownership of a majority of the cap-
ital stock. This is done so as to show in one place the railroads which will be sooner or later
POOR S MANUAL — ERIE RR. CO.
87
consolidated into the Erie, and in the other the details of rentals for which the company
is liable :
TERMINAL POINTS.
Length.
Date of
Lease.
Term of
Lease.
Annual
Rental
Charge.
From
To
Paterson & Hudson River. .
Paterson & Ramapo RR...
Union RR
J.C. (Bridge Cr.)...
Paterson, N. J
Paterson, N. J —
State Line, N.Y..
Sufferu, N. Y
Goshen, N. Y
Pine Island, N. Y.
Rochester, N. Y..
Mt. Morris, N. Y.
Pa. State'Line ". '. '.
Miles.
V28.68J
10.43
11.64
18.40
17.70
123.07
2.09
43.07
8.49
26.05
10.22
6.51
51.66
Sept. 9, 1852
Sept. 9, 1852
Sept. 10,1852
Jan. 1, 1872
Jan. 1, 1872
July 1, 1871
Jan. 1, 1872
July 1, 1880
Jan. 1, 1886
Dec. 1, 1900
May 1, 1883
June 1, 1899
Jan. 30, 1882
Aug. 11, 1876
May 1, 1896
Perpetuity
50 years
Perpetuity
82J years
9(5§ "
999 "
99 "
Perpetuity
99 years
999 "
999 "
9
48,40000
26,500 00
3,500 00
16,00000
19,035 00
34,01200
7,975 00
525,967 32
4,00000
63,988 95
State Line, N. Y....
Montgomery, N. Y. .
Goshen, N. Y
Avon,N. Y
Montgomery & Erie Ry. . .
(lO-iht'ii & Deckertown Ry.
Roch. & Genesee Vy. RH. .
Avon, Gen. & Mt. Morris...
Clev. & Mahoning Val. Ry. .
Westerman RR
Avon, N. Y
See page 96
Sharon Pa
Sharon Ry
See page 96
YouiiLTStown & Aus'town...
Northern RR. of N. J. . .
See page 96
Bergen Jc.,N. J....
Crawford Jc., N. Y.
State Line Jc.,N.Y.
See page 95
Nyack, N. Y
Pine Bush, N. Y.
Pa. State Line . . .
86,170 00
10,50000
6,314 00
73,420 00
Middletown & Crawford RR.
Elmira State Line RR
N. Y. & Greenwood Lake Ry.
Total
358.01
925,782 27
3. Trackage Contracts. — For the use of the New Jersey Junction RR. tracks, the com-
pany pays a yearly rental of $6,001 ; for the use of the Chicago and Western Indiana RR.
tracks, a proportion of the cost of maintenance and operation, amounting to $187.563.53 for
the year ending June 30, 1901 ; and for the other " rights," a percentage of earnings there-
under. By means of the Fall Brook Ry. tracks connection is made at Williamsport with the
Philadelphia and Reading system, giving this company a through line under its own control
to and from the West to the Reading territory. The Delaware and Hudson Co. uses this
company's tracks between Jefferson Junction, near Susquehanna, and Carbondale, Pa., and
the Wabash RR. Co. uses the tracks between the two Niagara River bridges and Buffalo,
N. Y., together with the terminals in Buffalo. The Lockport Branch is leased to the Buffalo
and Lockport Ry. Co. (see GENERAL INDEX — STREET RAILROADS).
4. History. — Reorganization, Nov. 30, 1895, of the New York, Lake Erie and Western
RR. Co., whose property and franchises, including its leasehold of the New York, Pennsyl-
vania and Ohio RR. and its ownership of the Chicago and Erie RR., were sold under fore-
closure on Nov. 6, 1895. A detailed history of the system will be found in the MANUAL for
1897, page 419 et seq. It was decided to vest the reorganized company, so far as practicable,
with the direct ownership of the various properties comprised in the system, including the
principal leased lines. In furtherance of this object the Buffalo and Southwestern RR. Co.
was absorbed on Nov. 19, 1895; the Lockport and Buffalo Ry. Co. and the Erie International
Ry. Co. on Nov. 27, 1895. The securities of the Nypano RR. Co., a reorganization of the
New York, Pennsylvania and Ohio RR. Co., were purchased in March, 1896. The Suspension
Bridge and Erie Junction RR. Co. and the Buffalo, New York and Erie RR. Co. were absorbed
on April 3, 1896; and a company formed on June 11, 1896, by the consolidation of the Union
Steamboat Co. and the Union Dry Dock Co., was absorbed on June 30, 1896. It is intended
to gradually absorb the rest of the subsidiary companies, and have the absolute title to the
entire system vested ultimately in the Erie RR. Co.
An advantageous offer having been received for the Union Dry Dock plant at Buffalo, the
machinery, fixtures, docks and good will were sold during the year ending June 30, 1901,
and the land occupied by the plant was leased for a term of years at an annual rental of 4-J
p. c. on its value and all taxes and assessments, an option being given to the lessees to pur-
chase at a fixed price.
In order to protect the company's coal tonnage, and for other reasons, this company on
Jan. 10, 1901, purchased the entire capital stock of the Pennsylvania Coal Co., Erie and
Wyoming Valley RR. Co., Dunmore Iron and Steel Co. and Delaware Valley and Kingston
RR. Co. The Delaware Valley and Kingston RR. is a projected road from the Wyoming
coal fields to the Hudson River at Rondout, part of which is now in course of construction.
The purchased properties were paid for with the proceeds from the issue of $32,000,000 of
88 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
Pennsylvania collHteral trust 4 p. c. bonds and the issue of $5,000,000 of 1st preferred stock.
The lease of the Hawley Branch of the Pennsylvania Coal Company's RR. at a rental of
$50,000 per annum was cancelled as a result of the purchase. The Pennsylvania Coal prop-
erty was taken over by the Erie RR. Co. as of Jan. 16, 1901, and the Erie and Wyoming Valley
RR. as of March 1, 1901.
With the exception of the directors' shares, the Erie RR. Co. now owns the entire capital
stock of the Pennsylvania Coal Co., the Hillsdale Coal and Iron Co., the Blossburg Coal Co.
and the Northwestern Mining and Exchange Co., comprising what are called the Erie Coal
Companies. A consolidated general balance sheet of these companies will be found in Sec.
14, showing their financial condition on June 30, 1901. The income account of the Erie RR.
Co. (Sec. 7) is credited with $1,274,830.48 as the net revenue received from the coal companies
at the close of the fiscal year.
Since the Erie RR. Co. took possession of the property (Dec. 1, 1895) important and
extensive additions and improvements have been made thereto. Grade crossings have been
abolished in Jersey City, in Buffalo, and at other points. The double track has been extended
on several of the divisions, third and fourth tracks have been laid on the main line, and in
Jersey City, east of Bergen Tunnel, seven tracks have been laid. Additional sidings, spurs,
and yard tracks, in the aggregate about 175 miles, have been constructed. Considerable
heavy steel rail, weighing from 80 to 90 Ibs. per yard, has been substituted for rails of lighter
weight. Steel bridges have been substituted for wooden ones. Grades have been reduced
and curves eliminated at various points. Terminals have been enlarged and improved, and
many new stations built. Old stations have been enlarged and improved. An anthracite coal
transfer and storage plant has been constructed at Hammond, near Chicago, and another
storage plant lias been constructed and Is now in operation at Rochelle Park, N. J. Proper-
ties have been bought at Paterson, Ramseys, Mahwah, and Englewood, in New Jersey, and
at Jamestown and Middletown in New York, to meet the constant demand for more local
freight-yard room. At Weehawken, N. J., stock yards have been acquired, and in the city
of New York a new site for freight yards has been secured, extending from 28th Street to
29th Street and from llth Avenue to 13th Avenue. The old freight yard between 22d and
23d Streets and llth and 13th Avenues is to be abandoned.
The abolition of grade crossings in Jersey City entailed the elevation of the tracks, the
closing of some streets, and the depression of others. The work was done under a contract,
dated April 28, 1897, between the Erie RR. Co. and the officials of the city, which contract
provided for the elimination of all grade crossings between the east end of Bergen Tunnel and
the Hudson River, a distance of 1.25 miles, and for the construction of two or more additional
tracks over or through Bergen Hill, above and adjacent to the present two tracks in the
tunnel. By the terms of the contract the company was obliged to begin the work on or before
Nov. 1, 1897, and to finish it, as far as the streets east of the tunnel were concerned, on or
before Jan. 1, 1900, which was done. The Penhorn Creek RR. Co. was organized to execute
the part of the agreement relating to the work to be done between the east end of the tunnel
and Penhorn Creek, which forms the western boundary of Jersey City. All the foundations for
the bridge and super-elevated structure for this road have been completed, and all necessary
right of way purchased, but the construction of the road has been deferred from time to time.
The cost of most of the improvements made since Dec. 1, 1895, has been charged against
income, but there has been charged to capital account the sum of $4,438,354.37, representing
strictly new property, as follows: Removal of grade crossings, $1,317,757.91; yards, stations,
and buildings, $677,170.65; reducing grades and relocating tracks, $783,227.94; additional
tracks and sidings, $578,602.63; signals and interlocking, $65,688.35; Peuhorn Creek RR.,
$248,462.35 ; Goshen RR., $46,285.59 ; coal storage plants, $265,839.50 ; coaling stations,
$48,453.23; docks and piers, $254,789.47; Chicago elevator, $60,000; bridges and culverts,
$51,593; creameries, $9,723.40; land, $30,760.35. These expenditures are exclusive of
$770,508.13 expended on the New York and Greenwood Lake Division for double track and
other additions to the property, and charged against the construction fund of that company.
During the same period there has been expended for new equipment charged to capital
POOR'S MANUAL — ERIE RR. CO.
89
account, the sum of $10,898,537.56, representing the purchase of 114 locomotives, 6,500 box
cars, 5,500 coal cars, 300 refrigerator cars, 184 flat cars, 100 furniture cars, 6 milk cars, 25
passenger cars, 3 baggage cars, 6 horse express cars, 5 derrick cars, 1 rotary snow-plough,
2 lake steamers and 1 tug, besides shop machinery and other equipment. There was also
expended, out of the New York and Greenwood Lake RR. Co.'s construction fund, $106,879.17
for locomotives and passenger cars for that division.
5. Boiling Stock, June 30, 1901.— Locomotives, 1,109. Cars, 52,356, as follows :
Passenger 546
Baggage and Passenger 117
Baggage 47
Baggage and Express 36
Baggage and Mail 26
Postal 13
Express 84
Emigrant 18
Dining 6
Cafe 7
Milk 46
Horse and Carriage 2
Business and Pay 10
Box 22,574
Furniture 100
Flat 1,861
Stock 904
Gravel Dumps 82
Coal and Ore Side Dumps 142
Gondola 23,025
Refrigerator 700
Butter, Cheese and Produce. .. 1,201
Horse 75
Wagon and Special 34
Caboose 476
Tool, Derrick and Steam Hoist. 89
Snow-ploughs and Flangers 12
Steam Shovels 6
Scale Test 1
Pile Driver 2
Poling 6
Cinder 100
Miscellaneous 8
Total Passenger Train Cars ... 958 Total Freight Train Cars .... 50,698 Total Service Cars 700
6. Floating Equipment. — In New York Harbor : 8 ferryboats, 12 tugs, 3 steam barges, 1
eteam cattle boat, 3 steam hoists, 18 open barges, 30 covered barges, 24 car floats, and 162
canal boats. The fleet of the Union Steamboat Co. operating on the Great Lakes consists of
2 wooden and 6 steel steamers, with a combined carrying capacity of 21,800 tons.
V. General Income Account, year ending June 30, 1901 (average, 2,111.58 miles).
Earnings— Passenger $7,278,053 75
Freight and Coal 29,284,996 25
Mail and Express 1,169,240 17
Rents and Other 1,370,012 25
Total ($18,518.03 per mile) $39,102,802 42
Net Earnings (30.09 p. c.) $11,764,723^0
Interest and Dividends Received 221,247 05
Coal Companies 1,274,830 48
Total $13,260,800 73
Expenses— Maint. Way and Structures... $4,288,894 67
Maintenance of Equipment... 6,057,250 12
Conducting Transportation ... 16,138,787 08
General Expenses 852,647 35
Total ($12,946.50 per, mile) $27,337,579 22
Accrued Int., Rentals, etc. (see Sec. 8) — $9,368,249 34
Taxes 1,069,395 05
Balance to Credit of Profit and Loss 2,823,156 34
Total $13,260,800 73
The gross earnings, expenses and net earnings are from the operation of the entire Erie System (except-
ing the New Jersey and New York RR. and the coal companies), including the Union Steamboat Line, Union
Dry Dock for a part of the year, dining cars and restaurants, and the Erie and Wyoming Valley RR. for the
last four months of the year. The income account is credited with $1,274,830.48 as the net revenue received
from the coal companies at the close of the fiscal year. The amount represents the profits of the Pennsyl-
vania Coal Co. from Jan. 16 to June 30, 1901, and of the other coal companies for the fiscal years ending
June 30, 1900 and 1901. It has been customary heretofore to include only one year's coal earnings in the
Erie income account, but the coal accounts for the year ending June 30, 1900, not having been closed in
time to include the results in the Erie account for the corresponding year, they were one year behind.
8. Details of Interest, Rentals, etc., year ending June 30, 1901.
Accrued Interest on Bonds (total, $7,541,730.23) :
N. Y. &E. Istmtge. bonds, $2,482,000, at 4 p. c .. $99,28000
N. Y. &E. Sdmtge. bonds, $2,149,000, at 5 p. c 107,45000
N. Y. &E. 3d mtge. bonds, $4,617,000, at 4J p. c 207,76500
N. Y. &E. 4th mtge. bonds, $2,926,000, at 5 p. c 146,30000
N. Y. & E. 5th mtge. bonds, $709,500, at 4 p. c 28,380 00
Buffalo Branch mtge. bonds, $182,600, at 4 p. c 7,30400
E. Ry. Co. 1st consol. mtge. bonds, $16,891,000, at 7 p. c 1,182,370 00
N. Y., L. E. & W. 1st consol. funded coupon, $3,699,500, at 7 p. c 258,965 00
Newburgh & N. Y. RR. Co. bonds, $250,000, at 5 p. c 12,500 00
E. RR. Co. prior lien 4 p. c. bonds, $33,452,000 for 6 mos. ; $34,000,000 for 6 inos 1,349,040 00
E. RR. Co. general lien bonds, $34,857,000, at 4 p. c 1,394,280 00
Buff. & S. W. RR. Co. Istmtge. bonds, $1,500,000, at 6 p. c 90,00000
E. RR. Co., B. & S. W. Div. 2d lien bonds, $1,000,000, at 5 p. c 50,000 00
Buff., N. Y. & E. RR. bonds, $2,380,000, at 7 p. c 166,600.00
Honesdale Branch bonds, $204,000, at 44 p. c 9.18000
Honesdale Branch bonds, $96,000, at 6 p. c 5,760 00
Jefferson Branch bonds, $2,800,000, at 5 p. c 140,000 00
Bergen County RR. bonds, $200,000, at 6 p. c 12,000 00
N. Y., L. E. & W. D. & I. Co. bonds, $3,396,000, at 6 p. c 203,760 00
N. Y.,L.E. &W.C. & RR. Co. bonds, $1,100,000, at 6 p. c 66,00000
Long Dock Co. bond?, $7,500,000, at 6 p. c 450,00000
TiogaRR. Co. 1st mtge. bonds, $239,500, at 5 p. c 11,97500
TlogaRR. Co. Ext. mtge. bonds, $265,000, at 7 p. c 18,55000
Elmira State Line RR. bonds, $160,000, at 7 p. c 11,20000
N. Y.,P. &rO. prior lien bonds, $8,000,000, at4*p.c 360,00000
Erie RR. Pennsylvania collateral trust 4 p. c. bonds, $32,000,000 for 5 months 533,333 33
Chic. & Erie 1st mtge. bonds, $12,000,000, at 5 p. c 600,000 00
Chic. & Erie non-cum. 5 p. c. income bonds •. 4,73790
Chic. & Atl. Ry. Term, bonds, $300,000, at 5 p. c 15,00000
(.Continued on next page.)
9U
POOR'S MANUAL OF KAILUOADS — MIDDLE ATLANTIC GROUP.
Brought forward $7,541,730 23
Accrued Rentals: Union KR., $3,500; Patergon & Ramapo RR., $26,500; Paterson & Hudson RR.,
$48,400; Montgomery & Erie Ry., $16,000; Goshen & Duckertoxvn Ry.. $19,035; Hawley
Branch (Pa. Coal Co.'s RR.), $25,000; Rochester & Genesee Valley RR., $34,012; Middle-town
& Crawford RR., $10,500; Elmira State Line RR., $6,314; New Jersey Junction RR., $6,001 ;
Avon, Geneseo & Mt. Morris RR., $7,412.50 ; Sharon Ry., $53,438; Westerman RR., $4,000;
New Cabtle & Shenango Valley RR., $6,250 ; Cleveland & Mahoning Valley Ky., $5:25.907.32 ;
New York & Greenwood Lake Ry., $73,420; Chicago & Western Indiana RR., $l,s7.5t>3.53 ;
Northern RR. of New Jersey, $88,170 1,130,48335
Proportions due leased lines worked on a percentage of earnings 223,400 09
Accrued Intere.---! on equipment : Car Trust of New York, £47,574.83 ; London Equipment Trust of
1888, $22,476.20 ; N. Y., Pa. & Ohio RR. Equipment Trust of 1890, $42,242.62 ; Pennsylvania
Coal Co., $15,750 ; Wells. Fargo & Co., $816.37 ; Union Trust Co., $16,339.35 ; Erie RR. Car
Trust Series A, B, C, $113,675.10 ; Brooks Locomotive Works, $10,724.88 -JO!'
Accrued Interest on Mortgages 25.301 39
Accrued Interest on Construction ll,775i;5
Interest and Discount , . . .• 5ft, 1 45 93
Pennsylvania Coal Co. Sinking Fund 1 1 »:
Total $SMJi;-
9. Statement of operations, income and general accounts, for six years ending June 30 :
1896
1897
1898
1899
1900
1901
Average Miles Worked
2,098.11
8,198,971
15,942,392
2,124.94
8,068,248
14,264,296
2,124.34
8,128,690
15,186,023
2,109.44
8,176,805
15.277,747
2,109.44
8,106.198
13,978,134
2,111.58
8.241,102
13,300,036
Passenger TrainMileage
Freight Train Mileage
Total Revenue. Mileage
24,141,363
15,333,568
385,074,051
21,785,922
11,641,128
10,144.794
4.009,162,138
2,683,180,295
1,325,975,843
$
6,049,754
16,766,499
6,660,447
2,168,787
22,332,544
14,763,343
370,028,876
20,122,086
10,566,780
9,555,306
3.939,079,175
2,658,587,494
1,281,091,681
$
5,742,807
16,609,449
6,867,135
2,277,640
23,314,713
15,001,653
383,390,464
23,643,425
12,701,740
10,941,685
4,556,349,307
3,117,611,046
1,438,737,661
$
5,957,704
18,081,022
7,359,881
2,342,253
23,454,552
15.222,353
409,987,217
24,916,944
13,553,304
11,303,640
4.834,775.2S3
3 189 734 949
22,084,332
16,527,876
446,190,767
26,947,892
14,246.036
12,701,256
5.107.955.975
3.259,989,754
l,898.1(iO.-J21
$
6,905,224
20.15-J.rii3
8,675,226
2,559,819
21,541,138
17.209,900
469,670,388
25.999,602
13.725.395
12.274,207
4,989,581,988
3,150,M
1,839,000,116
$
7.278.054
20,247.910
9,037.086
2,539,252
Passengers Carried
Passenger Mileage
Freight (tons) Moved
General Freight
Coal ...
Freight (ton) Miles
General Freight. .
Coal .
1,645.040,334
$
6,310.444
17,817,942
7,191,482
2,432,836
Earnings — Passenger
Gen. Freight
Coal
Other
Gross Earnings
Operating Expenses
31,645.487
23,009,711
31,497,031
22,448,146
33,740,860
24,560,117
33,752,704
24,178,995
38,293,032
27,451,082
39,102.31)2
27,337,579
Net Earnings
8,635,776
9,048,885
313,514
9,180,743
413,368
9,573,709
557,576
10,841,950
420,108
11,764,723
1,496,<W8
Other Receipts
Net Income
9,362,399
884,097
1,311,365
6,533,616
281,302
9,594,111
877,921
1,382,300
6,465,832
234,141
10,131,285
990,931
1,448,625
6,842,679
195,352
11,262,058
997,523
1.391.784
6,921,623
287,698
13,260,801
1,069,395
1,362.892
7,541,730
463,627
Lease Rentals
Interest on Bonds.. . .
Other Charges
Total Pavments..
9,010.380
352,019
14,822 57
10,564 13
4,25844
74.08 p. c.
1.552C.
0.596 c.
0.625 C.
0.536 c.
$
146,000,000
137,184,100
6,646,905
6,223,472
503,728
8,960,194
633,917
15,883 01
11.501 29
4,321 72
72.79 p. r
1.554C.
0.558 c.
0.579 c.
0.511 C.
$
171.090.300
137,044.100
5.723,810
6,248,624
1,137,645
9,477,487
653,798
16,000 81
11.462 28
4.538 53
71.64 p. c.
1.539 c.
0.517 c.
0.559 c.
0.437 C.
s
171,140,800
140,418.100
4.351.821
6,815.971
1.791.443
9,598,628
1,663,430
18,153 20
13,01616
5,137 04
71.69 p. c.
1.548 c.
0.559 c.
0.618 c.
0.457 c.
$
171,240.200
141.418.100
6,485,061
6,857.979
8,464,874
10,437.644
2,823,156
18,518 03
12,94650
5,571 53
69.91 p. c.
1.550C.
0.5S7 c.
0.645 C.
0.493 C.
$
176,271.300
175.904,100
7.095,115
7.103,028
6,278,030
Balance, Surplus
Gross Earnings per Mile . .
15,082 83
10,966 88
4,115 95
72.71 p. c.
1.571C.
0.584 c.
0.625 C.
0.502 C.
$
146,000,000
137,704,100
6,416,684
5,197,826
151,709
Operating Exp. per Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per Mile
Aver. Rate per Ton per Mile
Gen Fgt. Rate
Coal Rate.
Capital Stock
Funded Debt
Mtgcs., Equip. Trusts, etc
Other Liabilities
Profit and Loss
Total Liabilities .
295,470,319
286,355,165
1,021,461
883.899
2,725.332
4,985,462
296,558,205
285,100,510
995,870
433,396
4,698,459
5,329,970
321,244,479
285,361,789
1,046.869
486,878
29,842.028
5,506,918
334,518,135
288,876,916
1,072,336
543.660
27.807,372
6.217,851
328,406,214
292,193.321
2.004,402
6*13.943
27.B
372,651,573
346.710.3(4
2,043,665
15.151.523
Road and Equipment
Materials and Supplies
C. & W. I. RR. Sink. Fund
Other Investments
Cash and Other Assets
Total Assets
295,470,319
296,558,205
321,244,479
324,518,135
328,406,214
372,651,573
POOR'S MANUAL — ERIE RR. CO. 91
The reorganized company commenced operations on Dec. 1, 1895, and its first report was
for the seven months ending June 30, 1896. As the operations for such a period would be of
little value in a comparison by fiscal years the operations for the entire year ending June
30, 1896, of practically the same mileage as was operated during the following fiscal years,
are given in place of them.
1O. General Balance Sheet, June 30, 1901.
Capital Stock— First Preferred Non-cumulative ($100 shares) $47,892,400 00
Second Preferred Non-cumulative ($100 shares) 16,000,000 00
Common ($100 shares) 112,378,900 OC— $176,271,300 00
Funded Debt (see detailed statement elsewhere)— Erie RR. Co 139,643,600 00
Leased Lines 23,960,500 00
Chicago and Erie RR. Co 12,300,000 00— 175,904,100 00
Redeemed Bonds Hold for Exchange 5,000 00
Construction Obligations— Erie RR. Co $361,204 37
N. Y., L. E. & W. RR. Co 60,000 00— 421,204 37
Mortgages on Real Estate 771,40000
Equipment Trusts Outstanding , 5,897.510 49
Total Capital, Funded Debt, and Mortgage Debt $359,270,514 86
Interest and Rentals Accrued, not Due 1,557,969 12
Reserve Funds— Maintenance of Way $29,374 67
M-dntenance of Equipment 14,078 47
Special 5,46538— 48,91852
Accrued Pennsylvania Coal CD. Sinking Fund 106,744 35
Current Liabilities— Interest on Bonds Due and Unpaid $1,666,184 33
interest on Equipment Due and Unpaid 62,491 45
Rentals of Leased Lines Due and Unpaid 145,684 35
Interest on Construction 2,385 98
Interest on Mortgages 5,286 75
Rentals of Buildings and Piers 312 50
Pay Roll Account 1,385,87324
Audited Vou.'hers 1,921.051 22
Due Connecting Lines 200,17654— 5,389,39635
Profit and Loss— Balance at Credit July 1, 1900 3,454,87366
Surplus Income, year ending June 30, 1901 2,823,156 34— 6,278,030 00
Total Liabilities $372,651,573 20
PER CONTBA.
Cost of Road and Equipment as Reorganized— Erie RR. and Leased Lines $245,416,329 15
Securities Pledged under First Consolidated Mortgage Deed 64,273,850 00
Securities Pledged under Pennsylvania CollaterafTrust Deed 19,996,350 00
Securities Pledged under Chicago and Erie First Mortgage Deed 1,240,000 00— $330,926,529 15
Additions since Dec. 1, 1S95, under Reorganization Plan— Construction .. 4,438,35437
New Equipment 11,345,420 39— 15,783,774 76
Total Cost of Road and Equipment $346,710,303 91
New York and Greenwood Lake Ry. Account of Construction and Equipment 386,337 30
Miscellaneous Securities Owned— Held for General Purposes $2,034,060 17
Held for Construction Purposes 141,000 00
To be Pledged under 1st Consol. Mtge. Deed 578,926 00— 2,753,986 17
New York, Susquehanna and Western RR. Capital Stock— Preferred 6,262,400 00
Common 5,748,90000— 12,011,30000
Materials and Supplies on Hand 2,043,665 04
Chicago and Western Indiana Sinking Fund 667,943 79
Total Plant and Invested Assets $364,573,436 21
Line Traffic Association and Agency Funds 30,427 80
Due from Subsidiary Companies 248,149 23
Insurance Paid, not Accrued 33,564 10
Current Assets— Cash in Hands of Treasurer $4,249,980 43
Cash in Transit from Agents and Conductors 823,797 31
Due from Agents and Conductors 615,511 40
Due from United States Government 124,911 51
Due from Companies and Individuals 1,951,795 21— 7,765,995 86
Total Assets $372,651,573 20
11. Capital Stock.— The capital stock authorized is $177,000,000, consisting of $48,000,000 1st
preferred stock, $16,000,000 2d preferred stock, and $113,000,000 common stock. The 1st preferred
stock is entitled to 4 p. c. non-cumulative dividends, payable out of net earnings before any payments
can be made on either second preferred or common stock. The 2d preferred stock is entitled to 4 p. c.
non-cumulative dividends before any payment can be made on common stock. All classes of stock (except
100 shares of common) are deposited with J. P. Morgan, Louis Fitzgerald, and Sir Charles Tennant, as
voting trustees, to be held by them and their successors, jointly, until the first preferred stock shall have
received 4 p. c. cash dividends in one year, although the voting trustees may, in their discretion, deliver
the stock at any earlier date. The first dividend on the 1st preferred stock, 14 p. c., was paid on Aug. 30,
1901 and a second dividend, l£ p. c. was paid on Feb. 28, 1902. It is provided that no additional mortgage
can be put upon the property, nor the amount of either class of preferred . stock be increased, without the
consent of a majority of the whole amount of each class of preferred stock and of such amount of common
stock as shall be represented at any meetings of stockholders which may be called for the purpose of voting
92
POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
on these questions, the holders of each class of stock voting separately. The company reserves the right
to redeem at any time either or both classes of its preferred stock at par in cash, if allowed by law.
12. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $175,904,100, as per general
balance sheet — consisted of the several issues of bonds listed in the following statement. Additional partic-
ulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement; and
the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference Bond
List— see General Index:
Erie RR. Co. ($139,643,600).
$2,482,000 1st 4s (ext.) of May 1, 1947, int. M. & N.
2,149,000 2d goldSs (ext.) of Sept. 1, 1919, int. M. & S.
4,617,000 3d gold 4je (ext.) of Mar. 1, 1923, int. M. <fc 8.
2,92(3,000 4th gold 5s (ext.) of Oct. 1, 1920, int. A. & O.
709,500 5th gold 4s (ext.) of June 1, 1928, int. J. & D.
182,600 Buffalo Br. 4s (ext.) of July 1, 1931, int. J. & J.
16,891,000 1st consol. gold 7s of Sept. 1, 1920.
3,699,500 1st con. (N.Y.,L.E.&W. ) gold 7s of Sep. 1,1920.
34,000,000 Prior Lien gold 4s of Jan. 1, 19%, int. J. & J.
34,857,000 Gen. Lien gold 4s of Jan. 1, 1996, int. J. & J.
250,000 N. & N. Y. 1st gold 5s of Jan. 1, 1929.
2,380,000 B. N. Y. & E. gold 7s of June 1, 1916.
1,500,000 B. & S. W. 1st gold 6s of July 1, 1908.
1,000,000 8. W. Div. 2d gold 5s of July 1, 1908.
32,000,000 Pa. Coll. Tr. gold 4s of Feb. 1, 1951.
Leased Lines ($23,960,500).
$7,500,000 Long Dock 1st gold 6s of Oct. 1, 1935.
204,000 Honefd. Br. 4±s of July 1, 1927. int. J. & J.
96,000 Honesd. Br. 6s of Jan. 1, 1929, int. J. & J.
2,800,000 Jeff. Branch 1st gold 5s of Jan. 1, 1909.
200,000 Bergen County 6s of April 1, 1911, int. A. & O.
3,396,000 N. Y., L. E. & W., D. & 1. 6s of 1913, int. J. & .) .
1,100,000 N.Y.,L.E.&W.,C.& RR.6s of 1922, int. M. & N.
239,500 Tioga 1st gold 5s of Nov 1, 1915, int. M. & N.
265,000 Tioga Ext. 7s of Oct. 1, 1905, int. A. <fc O.
160,000 E. 8. L. RR. let 7s of Oct. 1, 1905, int. A. & O.
8,000,000 N. Y., P. & O. Prior Lien gold 4J8 of 1935.
Chicago & Erie RR. ($12,300,000).
12,000,000 C. & E. 1st gold 5s of May 1, 1982.
300,000 C. & A. Term, gold 5s of July 1, 1918.
NEW YORK AND ERIE RR. BONDS. — The 1st, 2d and 3d mtge. bonds are secured in the order of their
priority on the main line from Piermont to Dunkirk; the 4th and 5th mtge. bonds are secured on the
main line and also on the Newburg Branch.
BUFFALO BRANCH GOLD BONDS.— Secured on the part of the Buffalo Division extending from Hornellsville
to Attica. N. Y., 60.79 miles.
ERIE RT. FIRST CONSOLIDATED MORTGAGE GOLD BONDS. — Secured on the main line from Piermont to Dun-
kirk and on the branches to Newburg and to Attica, in all 526.29 miles, but subject to the liens of the prior
mortgages; also on various leasehold interests in 213.13 miles of road, subject to prior mortgages aggregating
$2,960,000.
N. Y., L. E. & W. RR. FIRST CONSOLIDATED FUNDED COUPON GOLD BONDS.— Secured same as Erie Ry. 1st
consol. mtge. bonds.
ERIE RR. FIRST CONSOLIDATED MORTGAGE GOLD BONDS. — Secured on the entire property of the company,
whether now owned or hereafter acquired, but subject to the liens of prior mortgages. Additionally
secured by deposit in trust of securities of subsidiary companies to the amount of $64,273,850, as follows:
STOCKS.
Total Amount
Amount. Pledged.
Jefferson RR. Co 2,095,450 2,095,450
Buffalo, Bradford & Pittsb. RR. Co. 2,286,400 2,204.900
Bergen County RR. Co 200,000 200,000
Newark & Hudson RR. Co 250,000 250,000
Middletown & Crawford RR. Co. .. 122,200 120,650
Paterson, Newark & N. Y. RR. Co. 250,000 250,000
Bergen & Dundee RR. Co 40,000 40,000
Long Dock Co 800,000 800,000
N. Y., L. E. & W. Docks & Imp. Co. 604,000 604,000
Buffalo Creek RR. Co 250,000 125,000
Chicago & Erie RR. Co 100,000 100,000
Pavonia Ferry Co 100,000 100,000
Hillside Coal and Iron Co 1,000,000 1,000,000
N. W. Mining and Exchange Co. ... 500,000 500,000
Blossbnrg Coal Co 1,000,000 1,000,000
Tioga RR., preferred 189,700 189.700
Tioga RR., common 391,200 390,900
Elmira State Line RR. Co 90,200 69,200
Arnot & Pine Creek RR. Co 255,000 255,000
Conesus Lake RR. Co 18,750 18,750
STOCKS.
Total
Amount.
$
Amount
Pledged.
Nypano RR 20,000,000 19,999,100
Total Stocks 30,312,650
BONDS.
Buffalo, Bradford & Pittsb. RR. . . 580,000 575,000
Middletown & Crawford RR 66,000 57,200
Newark & Hudson RR 250,000 250,000
Paterson, Newark & N. Y. RR.. . . 500.000 499,000
N.Y.,L.E. AW.'Docks&Imp.Co. 4,000,000 604,000
N. Y., L. E. & W. Coal <fc RR. Co. 3,000.000 1.900,000
Susp. Bridsre & Erie Jc. RR 1,000,000 35,000
Chicago & Erie RR 10,000,000 9,776,000
Nypano RR 20,000.000 20,000,000
Tioga RR. 3d Rail 125,000 125,000
Lockport & Buffalo Ry 140,000 140,000
Total Bonds 39,661,000 33,961,200
Total Stocks and Bonds 64,273,850
The bonds are practically, either by mortgage or by collateral trust, a first lien upon the company'^
principal coal properties (except the Penna. Coal Co.) upon its water transportation lines, including
valuable terminal properties appurtenant thereto, and upon a number of local lines in New Jersey and
near Buffalo; a second lien (subject only to the mortgages securing some of the divisional bonds listed in
the statement of funded debt) upon the remaining coal properties and the railroads leading to all the coal
properties, upon the terminals at Jersey City, upon the Buffalo, New York and Erie RR. (the main line
to Buffalo), and the terminal properties in Buffalo other than those upon which it is a first lien, and upon
the line from Salamanca to Chicago; and a general lien upon the lines of the original Erie Ry., between
Piermont and Dunkirk. The mortgage authorizes $175,000,000 of bonds, $35,000,000 of them being prior in
lien to the rest, which are designated general lien bonds. There were unissued on June 30, 1901, $1,000,000
of the prior lien bonds and $105,143,000 of the general lien bonds. The prior lien bonds can be issued only
for construction and equipment purposes. Of the unissued general lien bonds, $10,000,000 are to be issued only
for new construction and at the rate of not more than $1,000,000 a year, and the rest of them only for
the retirement of prior liens and the purchase of capital stock of subsidiary companies. (See Manual for
1896, page 532.) After the expiration of the voting trust under which the capital stock of the company
is pooled, voting power will attach to these 1st consol. mtge. bonds at the rate of ten votes for every
$1,000 of bonds.
NEWBDRGH AND NEW YORK RR. GOLD BONDS.— Secured by first mortgage on the line from Arden Junction
to Vail's Gate Junction. N. Y., 12.84 miles.
BUFFALO, NEW YORK AND ERIE RR. GOLD BONDS.— Secured by first mortgage on the line from Painted
Post, near Corning, to Buffalo, N. Y.. 140.25 miles.
BTTFFALO AND SOUTHWESTERN FIRST MORTGAGE GOLD BONDS. — Secured on the line from Buffalo Creek
Junction, Buffalo, to Jamestown, N, Y., 66.36 miles.
BUFFALO AND SOUTHWESTERN DIVISION SECOND LIEN GOLD BONDS. — Issued by the Erie RR. Co. in the
purchase of the Buffalo and Southwestern RR. Secured by a second mortgage on that line.
POOR'S MANUAL — ERIE RR. CO. . 93
PENNSYLVANIA COLLATERAL TRUST GOLD BONDS. — These bonds are a direct obligation of the Erie RR.
Co., and are secured by the deposit in trust of the capital stocks of the Pennsylvania Coal Co., Erie and
Wyoming Valley RR. Co. and Delaware Valley and Kingston Ry. Co., and of 51 p. c. (66,300 shares of
preferred and 66,300 shares of common) of the total outstanding capital stock of the New York, Susque-
hanna and Western RR. Co. As additional security it is provided in the trust indenture that the Erie RR.
Co. shall appropriate and pay annually to a sinking fund the sum of ten cents for every ton of coal sold
and delivered through the previous year from the mines of the Pennsylvania Coal Co. Such sinking fund
is to be applied to the purchase of bonds of this issue at not exceeding 105 p. c. and accrued interest, bonds
to be drawn by lot if not offered at the price stated. The bonds so purchased or called for the sinking
fund will be kept alive, and the subsequently accruing interest thereon will be added to the amounts
otherwise available for sinking fund purchases. The total amount of bonds authorized by the indenture is
$36,000,000, of which $4,000,000 of bonds are reserved to be issued only for the purpose of additions, better-
ments and improvements to the properties represented by the stocks pledged under the indenture.
Loxo DOCK. Co. CONSOLIDATED (NOW FIRST) MORTGAGE GOLD BONDS. — Secured on the Bergen Tunnel, 577
acres of land and land under water, docks, terminals, etc., of an assessed value in 1901 of $6,792,917.
They are redeemable at any time at 110, but only from proceeds of sale of land not necessary for company's
use. No land has ever been sold.
HONESDALE BRANCH BONDS. — The 4 J p. c. bonds are secured by a first mortgage and the 6 p. c. bonds by a
second mortgage on the Honesdale Branch of the Jefferson RR., from Hawley to Honesdale, Pa., 8.18 miles.
JEFFERSON BRANCH GOLD BONDS. — Secured by a first mortgage on the Carbondale Branch of the Jefferson
RR., from Lanesboro' to Carbondale, Pa., 36.51 miles.
BERGEN COUNTY BONDS. — Secured by a first mortgage on the line from Rutherford Junction to Ridgewood
Junction, N. J., 9.82 miles.
N. Y., L. E. & W. DOCKS AND IMPROVEMENT Co. BONDS. — Secured by first mortgage on the property
of the company named. A description of this property is in the Manual for 1899, page 116. It is situated
at Weehawken, N. J., and constitutes the main freight terminal of the Erie RR. system. The lease to the
Erie RR. Co. and the rentals accruing thereunder are pledged as further security for the bonds. The total
issue is $4,000,000, but $604,000 bonds (Nos. 1,001 to 1,604 inclusive) are pledged under the first con-
solidated mortgage of the Erie RR. Co.
N. Y., L. E. & W. COAL AND RAILROAD Co. BONDS.— Part of an issue of $3,000,000, the residue being
deposited under the 1st consolidated mortgage of the Erie RR. Co. Secured to the amount of $1,500,000 by
a first lien on the railroad property, and to the full amount by a first lien on the company's lands (see
Manual for 1899, page 116). They are guaranteed, both as to principal and interest, by the Erie RR. Co.,
and the guaranty is endorsed upon the face of each bond.
TIOQA RR. BONDS. — The 1st mtge. bonds are secured on the line from Morris Run to Lawrenceville, Pa.,
30.6 miles; the extension bonds on the line from Lawrenceville to the New York State line, 12.23 miles.
ELMIRA STATE LINE BONDS. — Secured on the line from State Line Junction, N. Y., to Penn. State Line,
6.51 miles.
N. Y., P. & O. PRIOR LIEN GOLD BONDS. — Secured by first mortgage on the property and franchises of
the Nypano RR. Co. (See subjoined statement for that company.) Principal and interest payable in New
York in United States gold coin, or in London in sterling money at the rate of four shillings to the dollar.
CHICAGO AND ERIE GOLD BONDS. — Secured by first mortgage on the line from Marion Junction, O., to the
Illinois State Line near Hammond, Ind., 249.57 miles, including franchises, equipment, and appur-
tenances. Also secured by pledge of the contract with, and 10,000 shares of the capital stock of, the
Chicago and Western Indiana RR. Co. and of 2,400 shares of the capital stock of the Belt Ry. Co. of
Chicago.
CHICAGO AND ATLANTIC TERMINAL GOLD BONDS. — Secured by mortgage on certain station, shop, and other
lands, and the buildings thereon, located in twelve of the fifteen counties through which the road runs.
All issues of bonds listed in the statement of funded debt were issued or have been assumed by the
Erie RR. Co., and all of them except the prior lien bonds and the general lien bonds issued under the 1st
consolidated mortgage of 1895, and the Southwestern Division 2d lien bonds, which will continue as a separate
lien on that division, will be replaced by equal amounts of general lien bonds reserved for that purpose, as
will also the following: $400,000 Blossburg Coal Co. 1st 5s of Nov. 1, 1915; $130,000 Montgomery and Erie
RR. 1st 5s of May 1, 1926; $40,500 Montgomery and Erie RR. 2d 5s of Oct. 1, 1927; $186,500 Goshen and
Deckertown RR. 1st 6s of July 1, 1928; $60,000 Goshen and Deckertown RR. 2d 6s of Nov. 1, 1929; $8,800
Middletown and Crawford RR. 1st 4Js of April 1, 1921; $3,000,000 Cleveland and Mahoning Valley Ry. 1st
consol. 5s of Jan. 1, 1938; $104,000 Sharon Ry. 1st 4Js of June 1, 1919; and $250,000 New Oastle and
Shenango Valley RR. 1st 6s of July 1, 1917— total, $4,239,800.
The Blossburg Coal Co. bonds are secured on property situated at and near Blossburg, Pa. The capital
Stock of the company, $1,000,000, is deposited under the 1st consolidated mortgage of the Erie RR. Co. The
Middletown and Crawford bonds are part of a total of $66,000, of which $57,200 are pledged under the 1st con-
solidated mortgage of the Erie RR. Co. Additional particulars respecting all of the bonds mentioned will be
found in the appended statements for the respective companies and in the Ready Reference Bond List (see
General Index).
13. Equipment Trnst Obligations The total amount outstanding on June 30, 1901, was
$5,897,510.49, of which $857,230 was the balance due on trusts assumed from the N. Y., L. E. & W. RR.
Co., $1,235,135.18 the balance due on trusts assumed from the N. Y., P. & O. RR. Co., and $3,805145.31
the balance due on trusts created by the company. Following are the details: N. Y., L. E. & W. RK.
trusts (Car Trust of New York— Series D, $42,090, payable July and Jan., with interest at 6 p. c. per
annum, payable Aug. and Feb.; Series E, $16,120, payable July and Jan., with interest at 6 p. c. per
annum, payable Aug. and Feb.; Series F, $211,250, payable $31,875 semi-annually, July and Jan., with
interest at 5 p. c. per annum, payable Nov. and May; Series G, $557,770, payable $78,575 semi-annually,
July and Jan., with interest at 5 p. c. per annum, payable July and Jan.), $857,230; N. Y., P. & 0. RR.
trusts (London Equipment Trust of 1888, $538,896.32, payable £1,666 13s. 4d. monthly, or £20,000 per
annum, this including interest at 5 p. c. per annum, payable Nov. and May; N. Y., P. & O. Equipment
Trust of 1890, $696,238.86, payable £1,750 monthly or £21,000 per annum, this including interest at 5 p. c.
per annum, payable Dec. and June), $l,235,I35."l8; Erie RR. Trusts (Arbuckle Bros., Pennsylvania Coal
Equipment Trust, $270,000, pa3'able $90,000 each 1st of Jan., with interest at 5 p. c. per annum, payable
July and Jan.; Wells, Fargo & Co. Car Trust of July 1, 1899, $13,994.96, with interest at 5 p. c. per
annum, payable July and Jan.; Erie RR. Gold Equipment Trust of 1900— Series A, $1,500,000, payable
$250,000 per annum, with interest at 5 p. c. per annum, payable July and Jan. ; Series B. $1,100,000, payable
$150,000 per annum, with interest at 5 p. c. per annum, payable June and Dec.; Series C, $410,000, payable
$58,000 per annum, with interest at 5 p. c. per annum, payable Feb. and Aug.; Central Oar Trust,
$234,331.17, payable $7,495 quarterly, Jan., April, July and Oct., with interest at 6 p. c. ; Brooks
Locomotive Works Trust, $276,819.18, payable $15,694.92 monthly, with interest at 5 p. c.), $3,805,145.31.
Series D, Car Trust of New York, covers 10 consolidation locomotives, 100 butter and cheese cars and
1,789 hopper-bottom coal cars; Series E covers 1,000 hopper-bottom coal cars; Series F covers 25 consolidation
.POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
locomotives, 850 hopper-bottom coal cars, 700 box cars and 200 flat cars; Series G covers 1,300 box care,
3<)0 flat cars, 350 butter and cheese care, 500 stock care, 1,000 gondola care, 2,000 coal care, and 20 pas-
senger cars. ' The London Equipment Trust covers 22 locomotives, 500 gondola cars, 200 box cars, 300
stock care, 15 caboose care, and 7 hoisting plants on ore docks. The N. Y., P. & 0. Equipment Trust
covers 1,000 twin hopper-bottom coal cars. The Wells, Fargo & Co. Car Trust covers 6 horse e
The Erie KR. Gold Equipment Trust, Series A. covers 50 consolidation engines and 1,000 steel hopper-
bottom gondola cars; Series B covers 1,000 box care, 100 furniture cars and 25 passenger cars; and Series
O covers 500 box care. The Central Car Trust covers 544 box care. Brooks Locomotive Works Trust covers
25 consolidation locomotives.
14. General Balance Sheet, Erie Coal Companies, June 80, 1901.
Real Estate and Buildings $6,420,376 35
Tracks and Mine Openings 337,763!
Machinery and Fixtures 385,566 37
Mine Stock and Tools 92,154 4
Miscellaneous Securities Owned 1,199,123
Advanced Royalties 206,143 48
Prepaid Insurance 12,566 97
Materials and Supplies 133,752 3
Cash and Current Assets 2,760,423 02
Total Assets $11,547,87005
Capital Stock $7,500,000 00
Bonded Debt 400,000 00
Mortgages on Real Estate 237,552 65
Fund for Depreciation of Lauds 1,715,815 77
Interest Accrued, not Due 1,44527
Taxes Accrued, not Due 92,863 40
Erie RR. Co. Advances 324,388 56
Reserve Funds, Miscellaneous l'2n,oL8 >-2
Current Liabilities 1,155,475 58
Total Liabilities $11,547,870 05
15. RAILROADS WHOSE ENTIRE CAPITAL STOCK is OWNED BY THE ERIE RR. Co.
Arlington RR.— Newark June, to New York
and Greenwood Lake June., N. J., 1.16 miles. Capi-
tal stock, $4,000; unfunded debt, $16,842— total, rep-
resenting cost of road, $20,842. E. B Thomas,
Pres • G M. Cumining, Vice-Pres. ; J. A. Middleton,
Sec.; J. W. Flatten, Treas. Office, 21 Cortlandt St.,
A^-not 'aiid Pine Creek RR.— Arnot June, to
Hoytville, Pa., 11.83 miles. Chartered Jan. 12,
1881. Capital stock, $255,000; current liabilities,
$3 351— total, representing cost of road, $^!58,rf51.
J Lowber Welsh, Pres., Philadelphia, Pa.; E. B.
Thomas, Vice-Pres.; J. A. Middleton, Sec.; J. W.
Plat ten Treas., New York, N. Y. General Office,
21 Cortlandt St., New York, N. Y. Corporate Office,
Bergen and Dundee RR. — Garfleld, N. J., to
Passaic. N. J., 2.45 miles. Capital stock paid in
(auth., $40,000), $6.000. Cost of road, $7,655. C. R.
Fitch Pres., Paterson, N. J.; E. B. Thomas, Vice-
Pres. ;' J. A. Middleton, Sec.; J. W. Flatten, Treas.,
New York, N. Y. Office, 21 Cortlandt St., New York,
Bergen County RR. — Rutherford June, to
Ridgewood June.. X. J., 9.82 miles-. Organized Sept.
9 1880. Capital stock, $200,000; 6 p. c. bonds,
authorized, $2,000,000; issued, $200,000. Cost of
road, $613,216. E. B. Thomas, Pres.; G. M. Cum-
mins?, Vice-Pres.; J. A. Middleton, Sec.; J. W.
Flatten, Treas., New York, N. Y. Office, 21 Cort-
landt St., New York, N. Y.
Chicago and Erie RR.— Marion June., O., to
Ind -111 State Line, near Hammond, Ind., 249.57 m.;
total track (steel; 80 IDS.), 351.67 miles. Reorgani-
zation of the Chicago and Atlantic Ry. Co. (See
Manual for 1899, page 119.) Capital stock ($100
shares) $100.000; funded debt (particulars In Erie s
statement), $12,300,000. E. B. Thomas, Chairman
of Board; F. D. Underwood, Pres.; G. M. Cumming,
1st Vice-Pres.; J. A. Middleton, 2d Vice-Pres.; J.
W. Flatten, Treas. ; David Bosman, Sec. Office, 21
Cortlandt St., New York, N. Y.
< OIM-SHS Lake Ry.— Conesus Lake June, to
Lakeville N Y., 1.61 m. ; total track, 1.98 miles.
Chartered May 10, 1882. Capital stock ($50 shares),
$19 100; advances for betterments, $8.794 — total,
$27,894. Contra: Cost of road, etc.v $27,028; profit
and loss, $866 — total, $27,894. E. B.' Thomas, Pres. ;
(J M Cumming, Vice-Pros.; J. W. Flatten. Treas.;
J. A. Middleton, Sec.. New York, N. Y. Office, 21
Cortlandt St., New York, N. Y.
Erie and Black Rock; RR.— Black Rock
June, to Black Rock. N. Y., 1.14 m. ; total track, 3.41
miles. Chartered March 28. 1882. Capital stock
paid in ($25.000 auth.). $9.600; advances by N. Y.,
L. E. & W. RR. Co., $37,610— total, $47.210,
representing cost of road. E. B. Thomas, Pres. : (I.
M Cumming, Vice-Pros. ; J. W. Flatten, Treas. ; J.
A. Middleton, Sec., New York, N. Y. Office, 21 Cort-
landt St., New York, N. Y.
Erie and Wyoming Valley RR. — Hawley
to Port Blanchard. Pa., 58.88 m. ; 2d track, 11.60 m.
— total. 70.48 m. ; total track (steel; 67 and 80 Ibs.),
New York, Lake Erie and Western Coal and RR. Co. — Crawford June, to Johnsonburg,
Pa., 29.92 m. ; Alton to Riderville, Pa., 1.13 m. ; Brockwayville to Dngus Mines, Pa., 12 m.; Daguscahonda
134.98 miles. Hawley Branejr. Laokawaren to
Hawley, Pa., 15.61 m.; total track (steel), 22.91
miles. Chartered Nov. 6, 1882. The Jones Lake
RR. Co. was absorbed on June 5, 1895. The Haw-
ley Branch was built in 1861 by the Pennsylvania
Coal Co. and was leased to the Erie on June 6.
1862. The lease was cancelled in 1901 as a result
of the purchase of the Pennsylvania Coal Co. by
the Erie RR. Co. Balance Sheet, June 30, 1901. —
Capital stock ($3,000.000 auth.; $50 shares), $1.5oo.-
000; funded debt (1st 6s of July 1, 1913. int. J. &
J.), $3,000,000; current liabilities, $338,062; profit
and loss, $808,930 — total. $5.646,992. Contra: Cost
of road and equipment, $5,513,976; cash and current
assets, $107,911; materials, etc., $25,105 — total.
$5,646,992. The entire capital stock is owned by
the Erie RR. Co. and pledged as security for that
company's Pennsylvania collateral trust bonds. J.
L. Welsh, Pres., Philadelphia, Pa.; G. M. Cumming,
1st Viee-Pres. ; J. A. Middleton, 3d Vice-Pres. &
Sec.; J. W. Flatten, Treas.. New York, N. Y.
Office, 21 Cortlandt St., New York. N. Y.
Jefferson RR. — Lanesboro' to Carbondale, Pa.,
36.51 m. ; West Hawley to Honesdale, Pa.. 8.18 m.
— total. 44.69 m. ; 2d track, 38.98 m. ; total track,
9S.69 miles. Chartered Feb. 15, 1864. Capital stock,
$2,095,450; funded debt (particulars in Erie's state-
ment), $3,100.000; advances by proprietary com-
pany, $1,409.008— total. $6.604.458. J. Lowber
Welsh, Pres., Philadelphia. Pa.; E. B. Thomas. Vieo-
Pres. ; J. W. Flatten, Treas. ; J. A. Middleton,
Sec., New York. N. Y. Office, Scranton, Pa.
Long Doek Co. — Passenger Station to Bridge
Junction, Jersey City, N. J., 2.56 miles, double
track. Chartered in New Jersey, Feb. 26. 1856, with
power to hold and improve land, and lands under
water, and to build docks, piers, railroads, and other
structures thereon. The assets of the company con-
sist of 577 acres of land, and land under water.
improved with buildings, piers, docks, and railroad
tracks, of a total value, calculated on the :i-
ment for taxation in 1901, of $6.792.917. Capital
stock, $800,000; funded debt (particulars in Erie's
statement). $7,100,000— total, $8.300.000. E. B.
Thomas, Pres. ; !•'. 15. Jennings, Vice-Pros.; ,7. W.
Flatten, Treas.; J. A. Middleton, Sec., New York,
N. Y. Office. 21 Cortlandt St.. New York. N. Y.
Moosle Mountain and Carbondale RR.
— Winton to Marshwood, Pa., 4.21 miles. Chartered
Feb. 15, 1887. Capital stock, $150.000. representing
cost of road. W. A. May. Pres.. Scranton, 1'a.: E.
B. Thomas, Vice-Pros.: J. W. Flatten. Treas.: J. A.
Middleton, Sec., New York, N. Y. Office, Scranton.
I'a.
Newark and Hudson RR.— Bergen June, to
Newark, N. J.. 5.62 m. ; 2d track. 4.52 m. ; total
track. 12.44 miles. Chartered Mareli 17, 1870; opened
in 1871. Capital stock. $250.000 : funded debt. $250,-
000 1st mtge. 7s of 1901— total. $500.000. Cost of
road. etc.. $355.056. C. R. Fitch. Pres.. Paterson.
N. J. ; E. B. Thomas, Vice-Pres.; J. W. Flatten.
Treas.: J. A. - Middleton. See.. New York, X. Y.
Office, 21 Cortlandt St., New York, X. Y.
POOR'S MANUAL— ERIE SYSTEM.
95
to Dagus Minos, Pa., 5.5 m. — total, 48.55 m. ; 2d track, 21.31 m. ; total track, 71.85 miles. Chartered June
2s, issi. Balance Sheet, June 30, 1001. — Capital stock ($100 shares), $500,000; funded debt (particulars
in Erie's statement), $3.000,000— total, $3,000.000. Contra: Cost of road, etc., $2,228,680; Robert's Lot
Spur, $6,239; Brockport and Shawmut RR., $21,195; land owned, $509,391; Hazleton Branch, $580; N. Y.,
L. E. & W. RR. Co., receivers, $359,558; Northwestern Mining and Exchange Company, $203,994; Erie
RR. Co., $1,955; profit and loss, $168,408 — total, $3,500,000. J. Lowber Welsh, Pres., Philadelphia, Pa.;
E. B. Thomas, Vice-Pres. ; J. W. Flatten, Treas. ; J. A. Middleton, Sec., New York, N. Y. Office, Brad-
ford, Pa.
BROCKPORT AND SHAWMUT RR.— Brockport
to Shawinut, Pa., 2.10 miles. Chartered July 31,
1886. Capital stock, $22,500; N. Y., L. E. & W.
Coal & RR. Co., $21,195— total, $43,695. Contra:
Cost of road, $21,195; N. Y., L. E. & W. RR. Co.,
$22.500— total, $43,695. D. H. Jack, Pres.. Bradford,
Pa. ; E. B. Thomas, Vice-Pres. ; J. W. Flatten,
Treas.; J. A. Middleton, Sec., New York, N. Y. Of-
fice, 21 Cortlandt St., New York, N. Y.
WEST CLARION RK.— Brockwayville to West
Clarion Mines, Pa., 1.99 miles. Chartered July 21,
1897; road opened in 1899. Operated by the Erie
RR. Co. as a branch of the N. Y., L. E. & W. Coal
Co.'s RR. Controlled by the Erie RR. Co. through
ownership of entire capital stock, amounting to
$20,000. Joseph Bailey, Pres., Brockwayville, Pa.;
E. B. Thomas, Vice-Pres.; J. A. Middleton, Sec.; J.
W. Flatten, Treas., New York, N. Y. Office, 21
Cortlandt St., New York, N. Y.
New York, Lake Erie and Western
Docks and Improvement Co.— Organized
June 28, 1881, under the laws of the State of New
Jersey, for the purpose of buying, reclaiming, and Im-
proving lands and lands under water In Hudson
County. Capital stock ($100 shares), $604,000;
funded debt (particulars in Erie's statement), $4,000,-
000 — total, $4,604.000. E. B. Thomas, Pres.; F.
B. Jennings, Vice-Pres. ; J. A. Middleton, Sec. ; J. W.
Flatten, Treas., New York, N. Y. Office, 21 Cort-
landt St., New York, N. Y.
Nypano RR.— Salamanca, N. Y., to Dayton, O.,
388.04 m.; Buchanan June, to Oil City, Pa., 33.78 m. ;
Youngstown and Austintown and all branches,
8.49 m. — total, 430.31 miles. Organized March 16,
1896, as successor to the N. Y., Pa. & O. RR. Co.
(See Manual for 1897, page 432.) The $20,000,000
of stock and $20,000,000 of bonds of this company
are owned by the Erie RR. Co., and are deposited
undpr that company's 1st consol. mtge. There are
$8,000,000 bonds of the N. Y., P. & O. RR. Co.,
secured by first mortgage on this property. They
have been assumed by the Erie RR. Co. E. B.
Thomas, Pres., New York, N. Y. ; S. E. William-
son, Vice-Pres.; J. W. Flatten, Treas., New York,
N. Y. ; John H. Dynes, Sec., Cleveland, O. Office,
21 Cortlandt St., New York, N. Y.
Paterson, Newark and New York RR.—
Paterson to Newark, N. J., 11.33 miles. Chartered
April 7, 1864; opened Aug. 2. 1869. Capital stock,
$250.000; funded debt ($499.000 owned by Erie RR.
Co.), $500,000. Cost of road, $545,433. E. B. Thomas,
Pres. ; C. R. Fitch, Vice-Pres. ; J. W. Flatten, Treas. ;
J. A. Middleton, Sec., New York, N. Y. Office, 21
Cortlandt St., New York, N. Y.
16. RAILROADS A MAJORITY OF WHOSE STOCK is OWNED BY THE ERIE RR. Co.
Buffalo, Bradford and Pittsburgh RR.
— Carrollton, N. Y., to Gilesville, Pa., 26.17 m. ;
Bradford to Nusbaum, Pa., 5.24 m.; total track, 31.41
miles. Consolidation, March 22, 1859, of the B. & P.
and the B. & B. RR. Cos.; opened Jan. 5, 1856. (See
Manual for 1899. page 119.) Capital stock, $2,286.-
400; funded debt (1st 7s of Jan. 1, 1896. int. J. &
J.), $580,000; advances by lessee, $247,890 — total,
$3,114,290. The Erie RR. Co. owns $2.204.900 of
the stock and all of the bonds. J. Lowber Welsh,
Pres., Philadelphia. Pa.; E. B. Thomas, Vice-Pres.;
J. A. Middleton, Sec.; J. W. Flatten, Treas., New
York. N. Y. Corporate Office, Bradford. Pa.
General Office. 21 Cortlandt St., New York, N. Y.
Elnilra State Line RR. — State Line June.,
N. Y., to State Line of Pennsylvania. 6.51 m. ; total
track, 7.10 miles. Chartered April 24, 1872; opened
Nov. 17, 1876. Leased to the Erie RR. Co. at an
annual rental of $6,314. Balance Sheet, June 30,
1901. — Capital stock ($69.200 owned by Erie RR.
Co.), $90,200; funded debt (particulars in Erie's
statement), $160,000 — total. $250,200. Contra: Cost
of road, $189.200; Erie RR. Co., $61,000— total,
$250,200. E. B. Thomas, Pres.; G. M. Cumming,
Vice-Pres.; J. W. Flatten, Treas.; J. A. Middle-
ton, Sec. Office, 21 Cortlandt St., New York, N. Y.
Midflletown and Crawford RR.— Craw-
ford June, to Pine Bush, N. Y., 10.22 m. ; total
track, 10.85 miles. Organized Aug. 1, 1868; opened
June 7, 1872. Leased to the Erie Jan. 1, 1882. at
an annual rental of $10,500. The lessee owns $120,-
650 stock and $57.200 bonds. Balance Sheet, June
30, 1901. — Capital stock, $122.200; funded debt (1st
4is of April 1, 1921. Int. A. & O.), $66,000; current
liabilities, $801; profit and loss, $51.454 — total. $240,-
455. Cost of road, $193,354; current assets, $47,101
— total. $240.455. E. B. Thomas, Pres.; G. M.
Cumming, Vice-Pres.; J. W. Flatten, Treas.; J. A.
Middloton, Sec., New York, N. Y. Office, 21 Cort-
landt St., New York. N. Y.
New Jersey and New York RR. — See Gen-
eral Index for separate statement.
New York and Greenwood Lake Ry.— N. Y. & G. L. June, to Sterling Forest, N. J., 39.26
m.; Ringwood June, to Ringwood, N. J., 2.79 m.; Caldwell Ry., 4.50 m.; Roseland Ry., 0.95 m. ;
Watchung Ry., 4.16 m. — total, 51.66 m.; 2d track, 11.95 m. ; total track, 67.09 miles. Successor, Nov.
1, 1878, to the Montclair and Greenwood Lake RR. Co. Leased to the Erie RR. Co. for 999 years from
May 1, 1896, at a rental equal to fixed charges. Capital stock ($50 shares), $100,000; funded debt
(1st 5s of May 1. 1946), $1,500,000— total, $1,600.000. The bonds are tax-free and are guaranteed, prin-
cipal and interest, by the E. RR. Co., the guaranty being endorsed on each bond. Abram S. Hewitt,
Pres. Ringwood, N. J.; E. B. Thomas, Vice-Pres.; J. W. Flatten, Treas.; J. A. Middleton, Sec., New
York, N. Y. Office, 21 Cortlandt St., New York, N. Y.
CALDWELL RY.— Caldwell June, to Caldwell,
N". J., 4.50 miles. Built in 1891. Operated by the
Erie RR. under its lease of the N. Y. & G. L. Ry.
Co. Capital stock (auth.). $100,000. E. B. Thomas,
Pres.; G. M. Cumming. Vice-Pres.; J. W. Flatten,
Treas.; J. A. Middleton, Sec. Office, 21 Cortlandt
St., New York. N. Y.
ROSELAND RY.— Caldwell to Essex Fells, N.
J., 0.95 mile. Built in 1892. Operated by the
Erie RR. under Its lease of the N. Y. & G. L. Ry.
Co. Capital stock, $2,000; floating debt, $8,471 —
total, representing cost, $10,471. E. B. Thomas,
Pres.; G. M. Cumming, Vice-Pres.; J. W. Flatten,
Treas.; J. A. Middleton, Sec. Office, 21 Cortlandt
St., New York, N. Y.
WATCHUNG RY.— Forest Hill, N. J., to Main
St., Orange, N. J., 4.16 m. ; sidings, 401 feet. Rail,
60 Ibs. Operated by the Erie RR. under its lease
of the N. Y. & G. L. Ry. Co. Capital stock, $47,-
000; funded debt, $200,000; other debt, $50,000—
total, $297.000. A. S. Hewitt, Receiver. Office,
21 Cortlandt St., New York, N. Y.
Tioea RR.— N. Y. State Line to Hoytville,
Pa., 51.09 m. ; Tioga June., Pa., to Lawrenceville,
Pa. (State Line), 3.50 m.; Blossburg to Morris, Pa.,
8.56 m.— total, 58.15 miles. Reorganization, in 1851,
of the Tioga Navigation Co. (See Manual for 1899,
page 120.) The Erie RR. Co. owns all of this com-
pany's stock, except six shares of the common stock,
the owners of which cannot be found, and has as-
sumed the funded debt. Capital stock ($50 shares),
common $391,200; preferred, $189.700; funded debt
(particulars in Erie's statement), $629,500 — total,
$1.210.400. E. B. Thomas, Pres.; J. G. McCullough,
Vice-Pres. ; J. A. Middletou, Sec. ; J. W. Flatten,
Treas., 21 Cortlandt St., New York, N. Y.
96
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
RAILROADS LEASED BY THE ERIE RR. Co.
Avon, Geneseo and Mount Morris RR.—
Mount Morris to Avon, N. Y., 17.7 miles. Successor,
March 18. 1860, to the Genesee Valley RR. Co.
Leased to the Erie RR. Co. at a yearly rental (pay-
able Jan. and July, at lessee's office) equivalent to
3* p. c. on the capital stock, and $100 for organiza-
tion expenses. Capital stock, $225,000, representing
cost of road. Josiah Anstice, Pres., Rochester,
N. Y. ; H. E. Brown, Sec. & Treas., Mt. Morris,
N. Y. Office, Mt. Morris, N. Y.
Cleveland and Mahoning Valley Ry.—
Cleveland, O., to Pa. State Line, including line from
Youngstown, O., to Hazelton, O., 80.81 m. ; Niles,
O., to Lisbon, O., 36.25 m. ; Glrard, O., to Crab
Creek, Youngstown, 6.01 m. — total, 123.07 miles.
Consol., July 25, 1872, of the Cleveland and Mahon-
ing, Liberty and Vienna, and Nlles and New Lisbon
UK. Cos. The line of the Liberty and Vienna RR.
was abandoned In 1901. Leased to the Erie RR.
Co. till Oct. 1. 1962, at an annual rental of $525,-
967.43, payable In installments, monthly, in ad-
vance. Payments, year ending June 30, 1901: In-
terest on bonds, $146,800; dividends (13i p. c.),
$372,492; expenses, etc., $7,778.41 — total, $527,070.41.
Deficit, $1,103.09. Balance Sheet, June 30, 1901. —
Capital stock ($100 shares), including $591 scrip,
$3.259,791; funded debt ($2,936,000 1st consol. 4s of
Jan. 1, 1938, int. J. & J.; $100 2d mtge. bond due
in 1872, and $1,000 1st mtge. bond due in 1893),
$2.937.100; current liabilities, $2,885; profit and loss,
$303.958 — total, $6,503,734. Contra: Cost of road,
etc., $6.422,419; other assets, $81,315— total, $6,503,-
734. Stevenson Burke, Pres.; E. R. Perkins, Treas.;
E. E. Poppleton, Sec. Office, Cleveland, O.
Nor i In- m RR. of New Jersey. — Bergen June., N. J., to Sparkhill, N. Y., 21.68 m. ; Nyack and
Southern RR. (leased), 4.37 m. — total, 26.05 m.; 2d track, 21.63 m. ; total track (steel), 53.92 miles.
Chartered Feb. 9, 1854; opened Oct. 1, 1859. Leased to the Erie RR. Co., which assumes all obliga-
tions and agrees to pay dividends of 4 p. c. a year on the capital stock. (See Manual tfor 1900, page 102.)
Balance Sheet, June 30, 1901. — Capital stock, $1,000.000; funded debt, $808,000; profit and loss, $85,577
— total, $1,893,577. Contra: Cost of road, $1,702,452; stock of other companies, $154,639; Nyack and
Northern RR. advances, $2,751; Nyack and Southern RR. advances, $5,620; accounts, $28,115 — total,
$1.893.577. Funded debt, June 30, 1901, consisted of $654,000 1st 6s of July 1, 1927, int. J. & J. ; and
$154,000 gen 4is of Jan. 1, 1950, int. J. & J. The authorized issue of gen. mtge. bonds is $1,000,000,
a sufficient amount of which is reserved for retirement of the $654,000 1st mtge. bonds, and the
remainder for Improvements. E. B. Thomas, Pres.; G. M. Cumming, Vice-Pres.; J. A. Middleton. Sec.;
J. W. Flatten, Treas., New York, N. Y. Offices, 21 Cortlandt St., New York, N. Y., and Engle-
wood, N. J.
Goshen and Deckertown Ry.— Gosben to
Pine Island, N. Y., 11.64 miles. Organized Feb. 22,
1867; opened April 10, 1869. Leased for 50 years
from Jan. 1, 1872. Rental, year ending June 30,
1901, $19,035. Payments: Interest, $14,790; ex-
penses and taxes, $349; dividends (4 p. c. ), $3.848 —
total, $18,987. Surplus, $48; deficit forward, $3,198;
net deficit, $3,150. Balance Sheet, June 30, 1901.
— Capital stock paid in ($360,000 auth. ; $10 shares),
$5)6,190; funded debt, $246,500; Interest unpaid,
$3.150 — total, $345,840. Contra: Cost of road, $342,-
690; profit and loss, $3.150 — total, $345,840. Funded
debt, June 30, 1901, consisted of $186,500 6s of July
1, 1928, Int. J. & J.; and $60,000 2d 6s of Nov. 1,
1929, Int. M. & N. George W. Murray, Pres.;
Charles S. Young, Sec. & Treas. Oflice, Goshen, N.
Y.
Montgomery and Erie Ry.— Montgomery t»
Goshen, N. Y., 10.43 miles. Chartered Jan. 2, 1866;
opened Dec. 12, 1867. Leased to the Erie RR. Co.;
rental, $16,000 a year, from which are paid interest
on bonds and 4i p. c. dividends on stock, besides ex-
penses, etc. Balance Sheet, June 30, 1901. — Capital
stock paid in ($260,000 auth.; $10 shares), $150,000;
funded debt, $170,500; profit and loss, $1,128 — total,
$.'521.628. Contra: Cost of road, $320,500; cash, $1,-
128— total, $321,628. Funded debt, June 30, 1901,
consisted of $130,000 2d 5s of May 1, 1926, int. M.
& N.; and $40,500 2d 5s of Oct. 1, 1927, int.. A. &
O. Chas. J. Everett, Pres. & Treas., Goshen, N. Y. ;
Walter J. Mead, Sec., Montgomery, N. Y. Office,
Montgomery, N. Y.
NYACK ANB NORTHERN RR.— Chartered Nov.
25, 1868, and built the road from Sparkhill to Nyack,
N. Y., 4.51 miles, which was opened in May, 1870.
The property was sold on a judgment May 31, 1894,
and was afterwards purchased by the Nyack and
Southern RR. Co. Balance Sheet, June 30, 1901. —
Capital stock, $74,800; funded debt (retired), $150,-
000; accounts, $21,336; profit and loss, $3,450 — total,
representing cost. $249.586. E. H. Sisson, Pres.,
Tenafly, N. J. ; John J. Duff, Sec., New York, N. Y.
Office, Tenafly, N. J.
NYACK AND SOUTHERN RR,— Sparkhill, N.
J., to Nyack, N. Y., 4.37 m. ; total track (steel; 60 to
68 Ibs.), 5.78 miles. Chartered June 12, 1899, and
purchased the property formerly of the Nyack and
Northern RR. Co., which is leased to the Northern
RR. Co. of N. J., for 100 years from Jan. 1, 1876.
Rental, interest on the bonds of the Nyack and
Northern RR. Co. and taxes. The Nyack and
Northern bonds are covered by the gen. mtge. bonds
of the Northern RR. Co. of N. J., and the rental Is
paid directly to the bondholders by the Erie RR.
Co., which operates the road under the lease of the
Northern RR. of N. J. Capital stock, $50.000. E.
B. Thomas, Pres. ; G. M. Cumming, Vice-Pres. ; J.
A. Middleton, Sec.; J. W. Platten, Treas., New
York, N. Y. Office, 21 Cortlandt St., New York,
N. Y.
Paterson and Hudson River RR.— Jersey
City to Paterson, N. J., 14.97 m., double track.
Chartered Jan. 31, 1831; opened in 1834. It is leased
In perpetuity from Sept. 10, 1852, at an annual rental
of $48,400. Capital stock ($50 shares), representing
original cost, $630,000. Wm. Pennington, Pres.;
Robert S. Hughes, Sec. & Treas., Paterson, N. J.
Office, Paterson, N. J.
Paterson and Raniapo RR. — Paterson, N.
J., to N. Y. State Line, 15.02 miles. Chartered
March 10, 1841; completed in 1848. Leased Sept. 10,
1852; rental, $26,500. Dividends 8 p. c. per annum,
payable Jan. and July. Capital stock, $298,000.
Cost of road, $350,000. Wm. Pennington, Pres.;
Robert I. Hopper, Sec. & Treas., Paterson, N. J.
Oflice, Paterson, N. J.
Rochester and Genesee Valley RR.—
Rochester to Avon, N. Y., 18.4 miles. Organized July
2, 1854; opened Aug. 10, 1854. Leased July 1, 1871;
rental, 6 p. c. on stock and $700 for organization.
Capital stock, $555,200; nominal surplus, $116,103—
total, representing cost, $671,303. James Brackett,
Pres.; Josiah Anstice, Sec. & Treas. Office, 29 Arcade
Building, Rochester, N. Y.
Sharon Ry.— Sharon to Pymatuning, Pa., 7.93
m. ; Ferrona to New Castle, Pa., 23.59 m. ; Boyce to
Sharpsville, Pa., 1.55 m. — total, 33.07 m. ; total
track (steel; 60 Ibs.), 53.12 miles. Consolidation,
Nov. 20, 1900, of the Sharon Ry. and the New Castle
and Shenango Valley RR. Co. Leased to the Erie
RR. Co. for 999 years, from Dec. 1, 1900, at a
yearly rental equivalent to the Interest on the bonds,
6 p. c. on the capital stock, and the expense of main-
taining the organization. Balance Sheet, Nov. 30,
1901.— Capital stock ($800.000 auth.; $50 shares),
$657,550; funded debt (164.000 1st gold 4*s of June 1,
1919; 250,000 N. C. & S. Vy 6s of July, 1917),
$414,000: surplus income, $20.522— total, $1,092,072.
Contra: Construction, $1,071,542; cash and current
assets, $20.530 — total, $1.092.072. The remainder of
the capital stock may be issued from time to time as
needed for improvements, etc. Earl A. Wheeler,
Pres., P. A. Higgs, Treas., Sharon, Pa.; J. A.
Middleton, Sec., New York, N. Y. Office, Sharon,
Pa.
Union RR.— State Line to Suffern, N. Y., 0.70
m., double track. Chartered Jan. 20, 1851. Leased
in perpetuity, Sept. 10, 1852, to the Erie Ry. Co.;
rental, $3,500, being 7 p. c. on $50.000 capital stock.
Wm. Pennington, Pres.; Robert I. Hopper. Sec. &
Treas., Paterson, N. J. Office, Paterson, N. J.
Westerman RR.— Centre of Mill St., Sharon,
Pa., to a point } mile west of Pa. O. State Line,
2.09 miles. Owned by Caroline Buhl, of Detroit,
Mich., and leased to the Erie RR. Co., at a rental
of $4.000 a year, the lease to expire May 1, 1982.
Youngstown and Anstlntown Ry.—
POOR'S MANUAL— ERIE SYSTEM.
97
Youngstown, O., to Leadvllle Mines and branch to
Manning and Tlppecanoe Shafts, 8.49 miles. Built
In 1871 and 1872. Leased to Erie RR. Co. for 99
years from May 1, 1883. Entire capital stock, $10,-
500, owned by the Erie RR. Co. E. B. Thomas,
Pres., New York, N. Y.; Wm. E. Talcott, Sec.,
Cleveland, O. Office, 913 Garfleld Building, Cleve-
land, O.
18. Board of Director », Erie RE. Co., elected October 8, 1901.
E. B. THOMAS, Chairman of the Board New York, N. Y.
Robert Bacon New York, N. Y.
James J. Goodwin. "
Abram S. Hewitt. . .Ringwood, N. J.
James J. Hill.
.St. Paul, Minn.
J. G. McCnllcugh.N.Bennington, Vt.
Darius O. Mills. . . .New York, N. Y.
Norman B. Ream Chicago, 111.
Samuel Spencer. . .New York, N. Y.
Charles Steele ".
P. Lynde Stetson..
E. B. Thomas New York, N. Y.
H. McK. Twombly
F. D. Underwood.. "
J. Lowber Welsh.. Philadelphia, Pa.
Alexander E. Orr..New York, N. Y.
F. D. UNDERWOOD, President New York, N. Y.
George G. Cochran, Assistant to President ; "
G. M. Gumming, 1st Vice- President
J. A. Middleton, 2<Z Vice-President and Secretary. ....... "
Daniel Willard, 3d Vice- President "
Asst. Sec.—L. D. Smith New York, N. Y. I Asst. Treas.—W. B. Bancker New York, N. Y.
Treasurer— J. W. Flatten " | Auditor— J. T. Wann
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N.Y.
CONTROLLED BY THE ERIE RR. CO., BUT OPERATED SEPARATELY.—
NEW JERSEY AND NEW YORK RR. CO.
Mileage, June 30, 1901.— A. LINES OWNED (total, 34.50 miles).
Main Line : N. J. & 1,". Y. Junction, N. J., to Nanuet Junction, N. Y 20.63 miles.
G-arnermlle Section : Spring Valley to Garnerville, N. Y 8.54
Stony Point Branch : Stony Point Junction to Stony Point, N.Y 1.04
New City Branch : New City Junction to New City, N. Y 4.29
B. LEASED LINE : N. J. & N. T. Exten. RR.; Garnerville to Haverstraw, N. Y. 2.37
C. TRACKAGE RIGIITS (total, 10.79 miles) :
Erie RE. : Jersey City to N. J. & N. Y. Junction, N. J 7.49
Erie RR. : Nanuet Junction to Spring Valley, N. Y 2.30
Garnerville RR. : Garnerville to Garnerville Print Works, N. Y 1.00
Total mileage operated, June 30, 1901 , 47.66 miles.
2d track, 11.05 m. ; sidings (owned, 5.75 m.; leased, 1.23 m.), 6.98 miles. Gauge, 4 ft. 8£ in.
Rail (steel— owned, 34.50 m.; leased, 12.16 m.— total, 46.66 m.), 56, 60 and 63 Ibs.
History. — Consolidation, in Dec., 1885, of a company of the same name with the
Hackensack RR. Co. (See MANUAL for 1893, page 431.) The Erie RR. Co. having acquired
control of the company, took possession of the property on April 7, 1896, but operates it sepa-
rately. Trains are run over the tracks of the tfrie RR. from Jersey City to N. J. & N. Y.
Junction, 7.49 miles, and from Nanuet Junction to Spring Valley, 2.30 miles.
Rolling _Stock, June 30, 1901.— Locomotives, 9. Cars — passenger, 34 ; baggage, etc.,
1 ; freight (box, 43 ; stock, 1 ; coal, 22 ; flat, 8), 74 ; service, 1— total, 110.
Operations, year ending June 30, 1901.— Trains run (passenger, 369,407 ; freight, 31,507 ;
other, 24,473), 425,387 miles. Passengers carried, 1,799,442 ; carried one mile, 19,860,585;
average mile rate, 1.054 cents. Tons freight moved, 185,957 ; ton-miles, 2,936,264 ; average
ton-mile rate, 3.944 cents. Earnings (passenger, $209,240.01 ; freight, $115,797.47 ; other,
$15,707.68), $340,745.16. Operating expenses, $236,267.67. Net earnings, $104,477.49 ; other
receipts, $23.65— total, $104,501.14. Payments: Interest on bonds, $53,362.17; taxes,
$6,560.86; rentals, $360— total, $60,283.03. Surplus, $44,218.11; surplus forward, $176, -
841.13— total, $221,059.24.
General Balance Sheet, June 30, 1901.— Capital stock paid in (common, $1,440,800;
preferred, $787,800), $2,228,600 ; funded debt, $1,032,160 ; current liabilities, $44,870.36 ;
profit and loss, $221,059.24— total, $3,526,689.60. Contra: Cost of road and equipment,
$3,125,189.73; securities owned, $238,325; materials, etc., $7,583.36; cash and current
assets, $153,591.51— total, $3,526,689.60.
Capital stock authorized— common, $2,000,000; preferred, $800,000— total, $2,800,000 in $100 shares. A
majority of the capital stock is owned by the Erie RR. Co.
Funded debt on June 30, 1901, consisted of $400,000 1st 6s of April 30, 1910, int. M. 1 & N. 1; $2,600
($100,000 auth.) 2d 5s dated Nov. 27, 1885, due 100 years later, int. J. 1 & J. 1; and $629,500 ($1,200,000 auth.)
gen. 5s of Dec. 31, 1932, int. J. 1 & J. 1. The gen. mtge. bonds may be redeemed at any time at 105 p. c.
and accrued interest.
98
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
The control of the company is vested in the preferred stock and 1st mtfre. bonds until such time ai
the preferred stock shall have received 6 p. c. per annum for three consecutive years.
RAILROADS LEASED OR OPERATED BY THE N. J. & N. Y. RR. Co.
Garnervllle RR.— Miner's Creek, N. Y., to
Garnervllle Print Works, 1 mile. Incorp. Sept. 14,
1875; opened June 13, 1876; sold under execution,
May 20 1890, and company subsequently dissolved.
Purchased in 1892 by the Rockland Print Works, of
Garnervllle. Used as a switch to the N. J. & N. Y. RR.
New Jersey and New York Extension
RR.— Garnerville to Haverstraw, N. Y., 2.37 m.;
total track (steel, 2.37 in.). 3.C9 miles. Leased to the
N. J. & N. Y. RR. Co.; rental, $11,400 yearly. This
rental has been reduced to $360 by the lessor pur-
chasing this company's securities. Capital stm-k,
$72,500. F. W. Downer, Vlce-Pres., New York. N.
Y.; J. D. Hasbrouck, Sec. & Treas., Hillsdale, N. J.
Board of Directors, N. J. & N. T. RR. Co., elected May 5, 1902.
R. W. De Forest.. New York, N. Y. G. M. Camming... New York, N. Y. C. R. Fitch Paterson, N. J.
H W De Forest " " W. H. Corbin Jersey City, N. J. D. I. Roberts Orange, N. J.
E B Thomas. . " " Charles Steele.... New York. N. Y. A.S.Hewitt New York, N. Y.
8. Spencer. '. New York, N. Y. I J. G. McCnllongh. N. Bennington, Vt.
E. B. THOMAS, President New York, N. Y.
George M. Gumming, 1st Vice-President "
Zd Vlcf.-Pret. & See.— J. A. Middleton, New York, N.Y. I General Solicitor-G. F. Brownell New York, N. Y.
Treasurer— 3. W. Flatten ; | Auditor— J. T. Wann
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt Street, New York, N. Y.
CONTROLLED BY THE ERIE RR. CO., BUT OPERATED SEPARATELY.—
NEW YORK, SUSQTJEHANNA AND WESTERN RR. CO.
Mileage, June 30, 1901. — A. OWNED ABSOLUTELY (total, 139.84 miles).
Main Line : West End, Jersey City, N. J., to Gravel Place, Pa 101.00 miles.
Paterson Extension : Broadway, Paterson, to Straight St.,Paterson, N. J 0.75
Unionville Branch : Two Bridges, N. J., to Unionville, N. Y 20.50
Delaware Branch : Columbia Junction 1o Delaware, N. J 3.00
Hudson River Branch : Little Ferry Junction to Edgewater, N. J 3.00
Branches in Lackawanna Valley, Pa 11 59
B. PROPRIETARY RAILROADS (total, 81.95 miles).
Lodi Branch RR. : Lodi to Lodi J unction, N. J 0.73
Hackensack and Lodi RR. : Lodi Junction to Hackensack, N. J 1.41
Passaic and New York RR. : Passaic Junction to Passaic, N. J 3.05
Macopin RR. : West Milford to Macopin Lake, N. J 1.50
Wilkesbarre and Eastern RR. : Stroudsburg to Wilkesbarre, Pa 65.46
Susquehanna Connecting RR. : Paddy's Land to Minooka, Pa 9.80
C. LEASED LINE.
Middletown, Unionville and Water Gap RR.: Middletown to Unionville, N. Y. . 13.65
D. TRACKAGE RIGHTS.
Pennsylvania RR. : West End to Jersey City, N. J 2.55
Total length of lines operated, June 30, 1901 237.99 miles.
2d track, 22.50 m. ; sidings, 85.38 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 to 80 Ibs.
History.— Consolidation, April 5, 1893, of the N. Y., S. & W. RR. Co. and the Hudson
River RR. and Terminal Co. (See MANUAL for 1893, page 849.) The company is controlled
by the Erie RR. Co., but is operated as a separate corporation.
Rolling Stock, June 30, 1901. — Locomotives, 88. Cars — passenger, 42 ; combination,
19 ; baggage, mail, and express, 7; milk, 23; freight (box, 230 ; flat, 56; gondola, 3,552),
3,838 ; service, 49— total, 3,978. Included in the foregoing is the rolling stock owned by the
Wilkesbarre and Eastern RR. Co. (see appended statement).
Operations, year ending June 30, 1901. — Train mileage — passenger, 522,392; freight,
660,281— total, 1,182,673 miles. Passengers carried, 2,067,570 ; carried one mile, 32,895,567 ;
average mile rate, 1.13 cents. Tons freight moved, 2,006,901 ; moved one mile, 148,146,197 ;
average ton-mile rate, 0.92 cent.
EABNINOS. 1899-00 1900-01 EXPENSES. 1899-00 1900-01
Passenger $396,061 46 $384,447 40 Maint. Way and Structures. . $190,455 64 $232,298 79
Freight 2,125,14343 8,059,71028 Maintenance of Equipment.. 356,24156 277,53166
Mail and Express 45,80897 45,82128 Conducting Transportation.. 842,07658 843. tM •,'•-•
Rents and Miscellaneous. . . . 15,101 74 14,907 92 General Expenses. . . 27,223 15 24.456 49
Totals §2,582.71560 $8,504,88688 Totals.. ...$1,415,09693 $1,377.77116
Totals per Mile 10,849 68 10,525 18 Totals per Mile 5.949 82 5,789 20
Net earnings, 1900-01 (45 p. c.), $1,127,115.72 ; add interest on securities and on loans,
POOR'S MANUAL — ERIE SYSTEM.
99
$29,570.35— total, $1,156,686.07. Payments: Interest accrued on bonds, $854,451.66; rental
M., U. & W. G. RR., $21,923.08; interest, on mortgages, $923.40; taxes, $79,866.87; sinking
fund payments (Susquehanna Connecting RR., $52,500; Macopin RR., $440), $52,940— total,
$1,010,105.01. Surplus, $146,581.06; surplus forward, $371,860.50— total, $518,441.56.
Interest Accrued on Bonds.— Midland RR. 1st 6s, $210,000; N. Y., S. & W. 1st 6s,
$300 ; N. Y., S. & W. 1st 5s, $187,250 ; N. Y., S. & W. 3d 4|s, $20,340 ; N. Y., S. & W.
gen. 5s, $127,300 ; N. Y., S. & W. terminal 5s, $100,000 ; N. Y., S. & W. collateral trust 6s,
$18,611.66 ; Paterson Extension 1st 6s, $15,000 ; W. & E. R. R. 1st 5s, $150,000 ; Susque-
lianna Connecting 1st 6s, $19,250 ; Macopin RR. 1st 5s, $2,200 ; Passaic and New York RR.
1st 6s, $4,200— total, $854,451.66.
General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $42,137,12537
Redemption Fund 543,336 00
Miscellaneous Securities in Treasury 587,466 00
Materials and Supplies 138,725 51
Deposits with Sinking Fund Trustees 42,485 59
Current Accounts 336,720 84
Cash on Hand and in Transit 179,475 24
Total Assets $43,965,334 55
Common Stock ($100 shares).. $13,000,000 00
Preferred Stock ($100 shares) 13,000,000 00
Funded Debt Outstanding 16,189,000 00
Outstanding Called Stocks and Bonds 543,337 07
Mortgages on Real Estate "13,608 00
Equipment Trusts Outstanding 56,69066
Sinking Funds Accrued 59, '26 17
Interest and Rentals Accrued not Due. . 156,100 82
Current Liabilities 396,92292
Due to Subsidiary Companies 2,294 86
Reserve Funds, Maintenance 29,15249
Profit and Loss 518,441 56
Total Liabilities $43,965,334 55
The Erie RR. Co. owned, on June 30, 1901, $12,892,400 of the preferred stock and $12,378,900 of the
common stock, being about 97.2 p. c. of the entire capital stock.
Funded Debt.— The funded debt outstanding on June 30, 1901— total, $16,189,000, as
general balance sheet — consisted of the several issues of bonds listed in the following statement:
per
N. Y., S. <fe W. Bit. ($12,773,000).
$3,500,000 Midland RR. 1st gold 6s of April 1, 1910.
250,000 Paterson Ext. 1st 6s of June 1, 1910.
5,000 N. Y., S. & \V. 1st gold 6s of July 1, 1910.
3,745,000 Refunding gold 5s of Jan. 1, 1937.
453,000 2d gold 4Js of Feb. 1, 1937.
2,547,000 General gold 5s of Aug. 1, 1940.
$2,000,000 Terminal gold 5s of May 1, 1943.
273,000 Collateral Trust gold 6s of May 1, 1905.
Proprietary Roads ($3,414,000).
3,000,000 Wilkesb. & East. 1st gold 5s of June 1, 1942.
300,000 Susq. Conn. 1st gold 6s of March 1, 1907.
44,000 Macopin RR. 1st 5s of Dec. 1, 1916.
70,000 Passaic & N. Y. 1st gold Cs of Dec. 1, 1910.
The Midland RR. bonds are secured by first mortgage on the line from Marion to Unionville, 71.6 miles.
The Paterson Extension bonds are secured by first mortgage on the road and real estate in the city of
Paterson. The N. Y., S. & W. firsts are a 1st lien on the line from Two Bridges to Gravel Place, and on
the Winton, Delaware and Lackawanna Valley branches, in all 61.6 m., and a 2d lien on the main line and
Paterson Extension. The refunding firsts are secured on the same property but are subject in lien to the
firsts. The 2d mtge. bonds are exchangeable for gen. mtge. bonds on payment of an assessment. The
authorized issue of gen. mtge. bonds is $3,000,000, but $453,000 of the bonds are held by the Central Trust
Co. of New York, trustee, for the retirement of the 2d mtge. bonds. The gen. mtge. bonds and all bonds
prior thereto are in coupon form, with privilege of registration. The terminal mtge. bonds are secured on
the property acquired from the Terminal Co., including 3 miles of railroad, a tunnel under the Palisades,
and 62 acres of terminal property on the Hudson River. The collateral trust bonds, originally $500,000 in
amount, are subject to call for sinking fund. The bonds of the proprietary companies are guaranteed by
the N. Y., S. & W. RR. Co.
RAILROADS CONTROLLED BY THE N. Y., S. & W. RR. Co. THROUGH OWNERSHIP OF
THEIR ENTIRE CAPITAL STOCKS.
Hackensaek anil I/odi RR.— Lodi June, to
Hackensack. N. J., 1.41 miles. Leased to the N. Y.,
S. & W. RR. Co.; terms not stated. Capital stock,
$25,000. K. B. Thomas, Pres. ; J. W. Flatten. Treas. ;
J. A. Middleton, Sec. Office, 21 Cortlandt St., New
York, N. Y.
Lodi Branch RR.— Lodi June, to Lodi, N. J.,
2 m., of which 0.73 m. In operation. The section
between junction with the N. J. & N. Y. RR. and
Lodi June., 1.02 m., is at present unused. Incorp.
June 15, 1880. Capital stock (all owned by N. Y., S.
A: \V. RR. Co.), $60.000. E. B. Thomas, Pres.; J.
W. Flatten, Treas.; J. A. Middleton, Sec. Office, 21
C'ortlandt St., New York, N. Y.
Macopin RR. — Macopin Lake June., N. J., to
Macopin Lake, N. J., 1.50 miles. Chartered Nov.
8. 1886; road opened about April 30, 1887. Leased
to the N. Y., S. & W. RR. Co. Capital stock, $60,-
000; funded debt (1st 5s of Dec. 1, 1916. int. J. &
D.), $44.000. The bonds are guaranteed by the
N. Y., S. & W. RR. Co. E. B. Thomas, Pres.; G.
M. dimming, Vice-Pres. ; J. W. Flatten, Treas.; J.
A. Middleton, Sec. Office, 21 Cortlandt St., New
York, N. Y.
Pnssnic and New York RR.— Passaic to
Passaic June.. N. J.. 3.05 miles. Rail (steel).
60 Ibs. Inr-orp. July 13, 1886; opened Feb. 8. 1886,
Leased for 999 years to the N. Y., S. & W. RR. Co.,
which guarantees interest on bonds. Capital stock.
$70,000; funded debt (1st gold 6s of Dec. 1, 1910, int.
J. & D.), $70,000 — total, representing cost of road,
etc., $140,000. The bonds are guaranteed by the N.
Y.. S. & W. RR. Co. E. B. Thomas, Pres.; G. M.
dimming, Vice-Pres. ; J. W. Flatten, Treas. ; J. A.
Middleton, Sec. Office, 21 Cortlandt St., New
York, N. Y.
SMS<I iM-hiiii MII Connecting? RR. — Paddy's
Land to Minooka, Pa., 9.80 m. ; branches and spurs.
11.59 m. — total, 21.39 miles. Rail (steel), 60 Ibs.
Organized Dec. 14, 1896. Road as completed was
built in 1S87. Leased to the Wilkesbarre and East-
ern RR. Co., the lessee paying interest on the bonds
and guaranteeing a sinking fund of five cents per
ton transported over this road, the same to amount
to at least a sum sufficient to retire $50,000 of bonds
per annum. Balance Sheet, June 30. 1901. — Capital
stock ($100 shares), $500.000; funded debt (1st gold
6s of March, 1907, int. M. & S.), $300,000— total,
representing cost of property. $800,000. The bonds
are redeemable in sums of $25,000 at each interest
period, at 105 p. c. Principal and interest guar-
anteed by the N. Y., S. & W. RR. Co. J. Lowber
Welsh, Pres., Philadelphia, Pa.; E. B. Thomas, Vice-
Pres.; J. A. Middleton, Sec.; J. W. Flatten, Treas.,
New York, N. Y. Office, 21 Cortlandt St., New York,
N. Y.
Wilkesbarre and Eastern RR.— Wilkes-
barre to Stroudsburg, Pa. , 65 m. ; branch, Westminster
100
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
June. (W. & E. RR.) to end of Everhart branch (C. of
N. J.), 0.40 m. — total, 65.46 m. ; Susquehauna Con-
necting lilt, (leased), 21.39 m.; total track, 86.85
miles. Rail (steel). 70 Ibs. Chartered March 8,
1892; main line opened D<>c. 1, 1803; branch during
1897. Operated by the N. Y., S. & W. RR. Co.,
which owns the entire capital stock and guarantees
the bonds, both principal and interest. Locomotives,
15. Cars — passenger, 6; freight, 518; other, 11 —
total, 535. Balance Sheet, June 30, 1901. — Capital
stock ($50 shares), $3,000,000; funded debt Hst gold
5s of June 1, 1042, int. J. & D.), $3.ooo.c.HjO; interest
and rentals accrued, $24,010 — total, $6,024. din.
j Contra: Cost of property, $6.000.000; N. Y., S. &
W. RR. Co.. $24,010— total, $6.024.010. The bonds
are guaranteed by the N. Y., S. & W. RR. Co.
J. Lowber Welsh. Pres., Philadelphia, Pa.; E. B.
Thomas, Vice-Pros.; J. A. Middleton, Sec.; J. W.
Platten, Treas. ; J. T. Wan'n, Auditor, New York,
N. Y. Office, Wilkesbarre, Pa.
RAILROAD LEASED BY THE N. Y,, S. & W. RR. Co.
Miririletown, TTirlonville and Water
Gap RR.— Middletown to Unionville. N. Y., 13.65
m. ; total track, 16.30 miles. Rail (steel, 15.30 m.),
51 to 60 Ibs. Chartered May 25, 1866; opened
June 10. 1868. Operated under trackage arrangement
by the N. Y., S. & W. RR. Co. (See Manual for 1893,
page 852.) Net earnings, year ending June 30, 1901,
$12.584. Payments: Interest, $20,000; taxes, $1.923
—total, $21,023. Deficit, $9,339. Last dividend
paid Julj 1, 1883. Balance Sheet, June 30, 1901. —
Capital stock ($300,000 auth.; $50 shares), $149,850;
funded debt, $400,000; unfunded debt, $102,551—
total, $652,401. Contra: Construction (net). $350,-
476; profit and loss. $301.925 — total, $652.401.
Funded debt consists of $150,000 1st 5s of Nov. 1,
1911, int. M. & N.; and $250,000 2d 5s of June 1,
1910, int. J. & D. A full description of the funded
debt is in the Ready Reference Bond List — see Gen-
eral Index. E. B. Thomas, Pres. ; G. M. dimming,
Vice-Pres. ; J. W. Platten, Treas.; J. A. Middleton,
Sec. Office, 21 Cortlandt St., New York, N. Y.
Board of Directors, N. T., 8. & W. RR. Co., as constituted March 1, 1902.
E. B. THOMAS, Chairman of Board New York, N. Y.
W. L. Bull New York, N. Y.
W. H. Corbin Jersey City, N. J.
G. M. Gumming. . .New York, N. Y.
F. D. Underwood.
Abram S. Hewitt. . .Ringwood, N. J.
A. L. Hopkins.. Williamstown, Mass.
C. J. Lawrence New York, N. Y.
Samuel Spencer. . .New York, N. Y.
Charles Steele "
F. L. Stetson .... "
E. B. Thomas. . . "
J.G. McCullough.N. Bennington,Vt.
J. J. Goodwin New York. N. Y.
F. D. UNDERWOOD, President New York, N. Y.
Gr. M. Gumming, 1st Vice- President " "
J. A. Middleton, 2d Vice-President and Secretary " "
Treasurer— J. W. Flatten New York, N. Y. | Auditor— J. T. Wann New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 21 Cortlandt St., New York, N. Y.
Earnings— Passenger $60,694 60
Freight 615,866 19
Mail and Express 13,076 73
Miscellaneous 3,339 06
HUNTINGDON AND BROAD TOP MOUNTAIN RR. AND COAL CO.
Main Line. — Huntingdon, Pa., to Mount Dallas, Pa 45.0 m.
Branches and extensions to mines, etc 19.1 m. — 64.1 miles.
Sidings, etc., 22 miles. Gauge, 4 ft. 9 in. Rail (steel), 85 Ibs.
History.— Chartered May 6, 1852 ; road opened in 1867. (See MANUAL for 1890, p. 281.)
Rolling Stock, June 30, 1901. — Locomotives, 22. Cars — passenger, 10; freight (box, 1;
coal, 2,987), 2,988— total cars, 2,998.
Operations, year ending June 30, 1901.— Train mileage — passenger, 71,405; freight,
348,815 ; other, 19,255 — total, 439,475 miles. Passengers carried, 113,866 ; carried one mile,
2,394,519 ; average mile rate, 2.53 cents. Tons freight moved, 2,959,338 ; moved one mile,
114,175,255 ; average ton-mile rate, 0.54 cent.
Expenses— Maint. of Way and Structures... $63.672 22
Maintenance of Equipment 40,265 82
Conducting Transportation 167,53348
General Expenses. . .' 38.599 14
Total ($10,810.85 per mile) $692,976 57 Total ($4,681.29 per mile) $310,070 66
Net earnings (55.26 p. c.), $382,905.91; other receipts, $17,021— total, $399,926.91. Pay-
ments: Interest on funded debt, $106,190; taxes, $21,007.55; dividends on preferred stock
(6 p. c.), $120,000; other charges, $180.63— total, $247,378.18. Surplus, $152,548.73; surplus
forward, $273,594.62— total, $426,143.35. Deductions during fiscal year, $106,741.18. Sur-
plus, June 30, 1901, $319,402.17.
Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30 :
Balance
(+ or-).
9
-25.290
+22,162
+ 50,940
+ 20,768
+ 41,242
+ 66,189
+ 35,256
+ 135,708
Years.
Capital
Stock.
Bonded
Debt.
A
Cost and
Invest-
ments.
1894...
,750
2,280,500
6,601,409
1895...
.3,371,750
2,280,500
6,675,348
1896. .
.3,371,750
2,280,500
6,010,053
1897. .
.3,371,750
2,280,500
6.010,854
1898. .
.3,371,750
2,280,500
6.011,562
1899. .
.3,371,750
2.280,500
6,050,897
1900. .
.3,371,750
2,280,500
5,837,183
1901. .
.3,371,750
2,2«0,500
5,882,196
RR.
Oper-
ated.
Gross
Earn-
ings.
Expenses
and
Taxes.
Net
Earn-
ings.
Inter-
est.
Divi-
dends.
Miles.
8
$
$
S
S
63.30
583.565
282,972
300,593
117,295
208,588
63.30
632.804
283,310
349,494
117.3115
208,750
63.30
648,476
295,186
353.390
107.480
194.870
63.30
534,285
271,929
2«2.3.->6
107.871
133,718
63.30
511,362
263.929
247.433
106.190
100,000
63.30
561.945
2H9.506
272.379
106,190
100.000
64.00
627,141
361,441
271,446
100,190
130.000
64.10
692,977
331,078
361,898
106.190
120.000
POOK'S MANUAL OF RAILROADS. 101
General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $5,772,907 11
Lands Owned 64,28898
Stocks and Bonds Owned 45,000 00
Materials and Supplies 53,616 32
Cash on Hand 118,617 21
Total Assets $6,054,429 62
Common Stock Paid in ($50 shares) $1,371,750 00
Preferred Stock Paid in ($50 shares) 2,000,000 00
Funded Debt Outstanding (see below).. 2,280,50000
Current Liabilities 82,777 45
Profit and Loss 319,402 17
Total Liabilities $6,054,429 62
Capital Stock. — The preferred stock has priority over the common stock for dividends at the
rate of 7 p. c. per annum non-cumulative. Up to July 1, 1901, there were paid 32 dividends on the
preferred stock and 12 on the common stock. In July, 1901, and in Jan. 1902, dividends of 2J p. c. each
were paid on the preferred stock.
Funded Debt — The funded debt outstanding on June 30, 1901, consisted of $416,000 1st 4s (ext.) of
March 31, 1920, int. A. 1 & O. 1; $367,500 2d 4s (ext.) of Feb. 1, 1925, int. F. & A. ; and $1,497,000 consol.
5s (ext.) of March 31, 1925, int. A. 1 & O. 1. The bonds cover the entire property of the company.
The interest, but not the principal, of Ists is payable in gold; the 2ds and the consols, are payable in gold
both as to principal and interest.
SUPPLEMENTARY STATEMENTS FOB THE YEAR ENDING DECEMBER 31, 1901.
Treasurer's Account. — Cash balance from Dee. 31, 1900, $64,643.84 ; receipts from
passengers, freight, car mileage, etc., $952,448.55 — total, $1,017,092.39. Deductions: Oper-
ating expenses, taxes, construction and equipment, etc., $595,192.67 ; interest on bonds,
$106,105; dividends — on preferred stock (5 p. c.), $100,055.75; on common stock, $7.25;
H. & 13. T. consol. car trust cars, interest account, etc., $20,635 ; payment account of principal
H. & B. T. consol. car trust cars, $68,000 ; H. & B. T. car trust cars, series 14, interest account,
etc., $12,990 ; principal account H. & B. T. car trust cars, series 14, .$29, 000 ; Saxton Fur-
nace Co. stock, $13,000 ; bills payable, $15,000 ; real estate account, $450 ; scrip convertible
into common stock, $14; cash balance, Dec. 31, 1901, $56,642.72— total, $1,017..092.39.
General Balance Sheet.— Capital stock, $1,371,750 ; preferred stock, $2,000,000 ; funded
debt, $2,280,500 ; scrip convertible into stock, $247 ; current liabilities, $38,346.65 ; addition
to H. & B. T. consol. car trust fund, $23,455.92 ; profit and loss, $301,076.53— total, $6,015,-
376.10. Contra: Cost of road and equipment, $5,764,667.44 ; real estate, $64,588.98; stocks
owned, $37,500 ; general supplies, $54,968.93 ; insurance, " car trust cars," $2,545.45 ; current
accounts, $34,462.58 ; cash, $56,642.72— total, $6,015,376.10.
Huntingdon and Broad Top Consolidated Car Trust Fund. — Car trust certificates to
the amount of $680,000 were issued in 1896, payable $68,000 yearly from Oct. 1, 1897, to 1906,
and with interest at 5 p. c. per annum, payable April and Oct., at the office of the trustee,
The Merchants' Trust Co., Philadelphia. Pa. (See MANUAL for 1897, page 32.) Amount
outstanding, Dec. 31, 1901, $310,000. These are secured on 2,400 hopper gondolas and 5
flat-bottom construction trucks. Receipts from car service, year ending Dec. 31, 1901, $138,-
835.58; Siile of old material, $11,174.17— total, $150,009.75. Disbursements: Repairs, pay
rolls, and incidentals, $100,762.61 ; installment of principal paid Oct. 1, 1901, $68,C30 ; interest
on loan, $20,400— total, $189,162.61. Debit balance for year, $39,152.86.
Fourteenth Series Car Trust Fund. — Car trust certificates to the amount of $350,000
were issued in 1899 to pay for 500 coal <*ars. The bonds run 12£ years, and bear interest at
the rate of 4 p. c. per annum. Trustee : Pennsylvania Co. for Insurances on Lives and
Granting Annuities, Philadelphia, Pa. Receipts from car service to Dec. 31, 1901, $30,311 ;
sale of old material, $1,391.90 — total, $31,702.99. Disbursements: Repairs, pay rolls, and
incidentals, $6,204 73; proportion of principal of loan, $29,000 ; interest on loan, $12,840 —
total, $48,044.73. Debit balance for year, $16,341.74.
Directors (elected Feb. 4, 1902).— Thos. R. Patton, William Bault, Win. H. Shallcross,
Lewis A. Riley, Harrison K. Caner, Charles S. Farnum, C. H. Hutchinson, Morris W. Stroud,
Charles D. Barney, Philadelphia, Pa. ; Samuel Bancroft, Jr., Edward Bringhurst, Jr., Wil-
mington, Del. ; Robert H. Crozer, Upland, Pa.
GEORGE H. COLKKT, President Philadelphia, Pa.
Samuel Bancroft, Jr., Vice- President Wilmington, Del.
Sec. & Treat.— 3. P. Donaldson Philadelphia, Pa. | Gfen. Manager— Cur] M. Gage Huntington, Pa.
Auditor— J. A. Pfouts Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS 4th and Walnut Sts., Philadelphia, Pa.
LEHIGH AND HUDSON RIVER RAILWAY COMPANY.
Line of Road Owned. — Belvidere, N. J., to Greycourt, N. Y 63.2 miles.
OPERATED ( Orange County RR. (see subjoined statement) 13.1 "
ROADS : \ So. Easton and Phillipsburg RR. (see subjoined statement) 0.7 "
TRACKAGE RIGHTS : Pennsylvania RR.: Belvidere to Phillipsburg, N. J .13.3 "
Total length of lines operated, June 80, 1901 . , 90.3 miles.
Sidings, etc., 23.63 miles. Gauge, 4 ft. 8* in. Rail— steel (owned, 84.87 m.), 60 and 65 Ibs. ;
iron, 56 Ibs.
102
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
History.— Chartered April 1, 1882 ; road opened throughout on Aug. 14, 1882. (See
MANUAL for 1891, page 282.) The Orange County KR. is operated by thia company, but
accounts are kept separate. A contract for 100 years, entered into early in 1889 with the
Pennsylvania RR. Co., gives to this company the use of the Pennsylvania's tracks between
Belvidere and Phillipsburg, and to the Pennsylvania the use of this line to reach the Pough-
keepsie Bridge. There is also a trackage agreement with the N. Y., O. & W. Ry. for use of
line between Burnside and Campbell Hall, N. Y., connecting with the Wallkill Valley KR.
and with the West Shore RR.
Rolling Stock, June 30, 1901. — Locomotives, 22. Cars — passenger, 5; combination, 6;
freight (box, 115 ; flat, 25 ; coal, 583 ; milk, 6 ; caboose, 11), 740 ; service cars, 3 — total, 754.
General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures $51,s90 M
Mainjenance of Equipment 40.,'?;! •<*
Conducting Transportation 129,18618
General Expenses 17,8!U 79
K»rnln«— Passenger $21,836 90
Freight 380,598 37
Mail and Express 10,46902
Miscellaneous . 1,12450
Total ($5,363.07 per mile) $414,028 85
Total ($3,098.99 per mile) $239,241 80
Net earnings (42.22 p. c.), $174,787.05 ; add income from Orange County RR., $782.76 ;
other income, $70.42— total, $175,640.23. Payments: Interest on funded debt, $126,442.73;
taxes, $10,843.69— total, $137,286.42. Surplus, $38,353.81 ; surplus forward, $204,702.69—
total, $243,056.50. Less depreciation of equipment, $34,563.86. Surplus, June 30, 1901,
$208,492.64.
Statement of operations, earnings, etc., for eight fiscal years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad Operated
Passenger Train Mileage . .
Freight Train Mileage
Total Train Mileage. . .
Passengers Carried . . .
77.20
52,515
367,683
455.592
120,897
77.20
93,165
219,873
347,668
&3,124
77.20
95,835
206,858
340,834
82,759
77.20
53,016
181,750
272,366
69 670
77.20
37,894
192,300
259,941
72 563
77.20
39,463
191,993
288,000
72 163
77.20
36,857
182,238
230,860
86 909
77.20
38,061
172,419
227, T33
Passenger Mileage
3,114,278
873,264
920,385
796 029
848 481
778 783
Q59 933
939 311
Freight (tons) Moved
910,606
785,421
732,759
579,943
754 003
912 200
966 496
SO'") 245
Freight (ton) Mileage..
61,463,948
51,237,741
47,965,370
36 114 819
48 201 726
55 660 854
52 174 049
Passenger Earnings
$
46,983
$
21,712
$
21,242
$
19,711
$
19 723
$
18 829
$
22 341
s
21 837
Freight Earnings
391,941
323,169
303,719
285 733
333 19d
395 100
4°5 001
380 598
Mail and Express Earnings
Miscellaneous Earnings...
15,680
26,253
22,920
25,111
27,792
18,219
16,961
4,673
11.035
3,802
7,339
840
7,346
1,014
10,4C,9
1,125
Gross Earnings.
480857
392 912
370 972
327 078
366 756
42° 108
Operating Expenses
347,727
243,880
215,822
182,384
186 420
214 160
223 117
239 242
Net Earnings
133,130
149,032
155,150
144 694
180 336
207 948
232 585
174 7Q7
Other Receipts
16,801
4,189
4,198
53
2 830
2 083
1 632
853
Net Income . .
149 931
153 221
159 348
144 747
183 166
210 031
Interest
133,701
131 328
132 164
132 306
134 590
134 854
Taxes
8,571
9,009
8 900
9 790
9 252
10 221
Surplus
7,659
12,884
18,284
2 652
39324
64 956
91 983
Gross Earnings per Mile. . .
Gross Expenses per Mile..
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile.
6,228 72
4,50424
1,724 48
72.31 p. c.
1.50c.
0.64 C.
5,089 53
3,15906
1,93047
62. 07 p. c.
2.48 c.
0.63 c.
4,80534
2,795 62
2,009 72
58. 17 p. c.
2.30 c.
0.63 c.
4,236 75
2,36-2 48
1,87427
55.76 p. c.
2.46 C.
0.79 C.
4,750 73
2,414 77
2,335 DO
•iO.SHp. c.
~>.31 f .
0.69 c.
5,467 72
2,774 09
2,69363
50.73 p. c.
2.42 c.
0.71 C.
5,902 88
2,890 12
3,012 76
48.96 p. c.
2.33 c.
0.81 c.
5.303 07
3.008 99
•,v.'t;i 08
57.78 p. C.
2.32 c.
0.81 c.
Cost of Road $2,631,430 23
Cost of Equipment 656,713 49
•Stocks and Bonds Owned 350,00000
Other Permanent Investments 339,29947
Materials and Supplies 29,177 -24
Current Accounts 53,340 66
General Balance Sheet, June 30, 1901.
54,182 45
Capital Stock Paid in ($100 shares) $1,340,000 00
Funded Debt Outstanding (see below).. 2,473,24000
Interest on Bonds, Due and Accrued 58,111 25
Equipment Renewal Fund 9,31017
Other Liabilities 24,989 48
Profit and Loss 2*8,492 64
Total Liabilities $4,114,143 54
Cash on Hand
Total Assets $4,114,143 54
•Consisting of $200,000 Orange County RR. stock and $150,000 South Easton and Philli&sburg RR
Co. stock.
Funded Debt.— The funded debt outstanding on June 30, 1901— total $2,473,240, as per general
balance sheet — consisted of the following:
$145,000 Warwick Vy. RR. 1st 4*s of July 1, 1911. $164,000 L. & H. R. Ry. 2d consol. 5s of Julv 1, 1917.
800,000 L. ft H. R. RR. 1st 5s of July 1, 1911 1,124,000 L. & H. R. Ry. gen. 5s of July 1/1920
240,000 Warwick Vy. RR. 2d 6s of April 1, 1912. 240 funded certificate 5s of July 1, IS'JO.
POOR'S MANUAL OF RAILROADS.
103
The general mortgage bonds are part of an issue of $3,000,000, of which bonds for $1,535,000 are reserved
for the retirement of prior liens, and $330,000 additional for the construction of extensions or the acquisition
of connecting roads, tne remaining $11,000 being in the treasury of the company. They are secured on the
entire property of the company. The Lehigh Coal and Navigation Co. and the Central RR. Co. of New
Jersey jointly and severally guarantee $1,062,000 of them, both as to principal and interest. Additional par-
ticulars respecting the several issues of bonds will be found in the Ready Reference Bond List see General
Index.
RAILROADS OPERATED BY THE LEHIGH AND HUDSON RIVER RY. Co.
Orange County RR.— Hudson June. (Grey-
court) to Maybrook, N. Y., 10.7 miles. . Trackage: N.
Y., O. & W. KR., Burnslde to Campbell Hall, N. Y.,
2.4 m.— total, 13.1 m.; total track (steel; «5 Ibs.),
16.58 miles. Chartered Nov. 28, 1888; road built in
1889. The L. & H. R. Ry. Co. operates this road
for its net earnings — in 1900-'01, $783. Balance
Sheet. June 30, 1901. — Capkal stock ($100 shares),
$200,000; loans and bills payable, $216,675; profit and
loss. $4.048 — total, $420.723, representing cost of
road. The capital stock is owned by the L. & H. R.
Ry. Co. J. W. Watson. Pres., 143 Liberty St., Now
York, N. Y. ; John Sayer, Sec. & Treas. ; • E. M.
Reynolds, And., Warwick, N. Y. Office, Warwick,
N. Y.
South Knstou and Phillipsbnrg RR.—
South Easton, Pa., to Phillipsburg, N. J., about 0.7
mile. Organized July 25, 1889. Operated by the L.
& H. R. Ry. Co., and operations included in those
of that company. Balance Sheet, June 30, 1901. —
Capital stock (all owned by the L. & H. R. Ry. Co.).
$150.000; current liabilities, $83,104— total, represent-
ing cost, $233.104. Lewis A. Riley, Pres.; C. F.
Howfll. Vice-Pres. ; S. Shepard, Sec. & Treas., Phila-
delphia, Pa. Corporate Offices, Easton, Pa., and
Phillipsburg, X. J.
Board of Directors, Lehigh and Hudson River Ry. Co., elected December 3, 1901.
Lewis A. Riley Philadelphia, Pa.
George F. Baer . . .
George F. Baker
Jas. May Duane. . .New York, N. Y.
H. C. Fahnestock.. "
Henry Graves Orange, N. J.
Joseph S. Harris.. Philadelphia, Pa.
Win. Vail Martin . .New York, N. Y.
J. R. Maxwell Brooklyn, N. Y.
W. R. Potts New York, N. Y.
Alfred Ely
.New York, N. Y.
Charles CaldwelL.Newbureh, N. Y. r ,_, _
R. T. Davies New York, N. Y.
LEWIS A. RILEY, President Philadelphia. Pa.
Sec. & TVws.— John Sayer Warwick, N. Y. | Auditor— E. M. Reynolds Warwick, N. T.
PRINCIPAL OFFICE AND ADDRESS Warwick, N. Y.
LEHIGH VALLEY RAILROAD COMPANY.
(For map of this system, see page 105.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Advances to Subsidiary Cos 12
Capital Stock, Description of.... 6
Directors and Officers 19
Equipment Trust Obligations 8
Financial Operations, Summary
of, Nov. 30, 1901 10
Floating Equipment, Details of.. 3a
Funded Debt. Details of 7
Gen. Balance Sheet, Nov. 30, 1901. 5
Genera] Balance Sheet, 1895-1901. 11
Guaranteed Interest & Dividends 4
History 1
Income Account, Year 1901 4
Income Account, Years 1895-1901. 11
Income from Stocks Owned 4
Income from Bonds Owned 4
Interest on Funded Debt 4
Interest Paid on Equipment
Trusts, Details of 4
Leased Lines, Rentals of 4
Leased Lines, Statements of 16
Mileage Operated, NOT. 30, 1901 . . 2
Mileage, Capitalization, etc., of
Subsidiary Lines 13
Operations, Property and Capital
Accounts, 1895-1901 11
Proprietary Cos., Statem'ts of.. 14-18
Rolling Stock, Details of 3
Securities Owned, Income from.. 4
Securities Owned, Statement of.. 9
Subsidiary Properties other than
Railroads, Statements of 18
Track Mileage, Nov. 30, 1901 2a
1. History. — Chartered as the Delaware, Lehigh, Schuylkill and Susquehanna RR. Co.,
Sept. 20, 1847; under existing title, Jan. 7, 1853. (See MANUAL for 1899, page 130.) The
National Docks Ry. and the terminals and warehouses of the National Storage Co. were pur
chased on Dec. 8, 1899, the company assuming $5,000,000 of trust certificates of the latter.
The National Docks Ry. is operated separately. The Easton and Northern RR., 12.78 miles
in length, is owned by this company, but a section of it 8.14 miles in length is leased to the
Bangor and Portland Ry. Co.
In 1901 the company purchased the capital stocks of the Connell Coal Co. and Seneca Coal
Co., and issued in partial payment therefor two series of purchase-money bonds to the amount
of $1,265,000. Of these bonds $50,000 have since been paid. The Connell Coal Co. and the
Seneca Coal Co. own valuable coal properties and leaseholds of coal lands tributary to this
railroad. The Connell Coal Co. has been operated in this company's interest since March
1, 1901, and the Seneca Coal Co. since June 1, 1901. The results of their operation have
shown a considerable profit, which has been partly applied to the reduction of the cost of
the properties, to offset the depreciation in their value through the mining operations.
By an agreement made between this company, the Reading Co. and the receivers of
the Philadelphia and Reading RR. Co., during the year ending June 30, 1901, a satisfac-
tory settlement of claims growing out of the lease of the Lehigh Valley properties to the
Philadelphia and Reading RR. Co. was effected, the consideration being part cash and the
balance in stock of the Reading Co. held by this company as collateral, a full release being
given by either party to the lease.
104
POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
2. Mileage, Nov. 30, 1901.— .4. OWNED ABSOLUTELY (total, 317.07 miles).
Main Line : Pbillipsburg, N. J., to Wilkesbarre, Pa ........................
Main Line Branches .................................................
Mahanoy and Hazleton Division : Main Line and Branches ..................
VariouH small branches to Breakers, etc. . ..............................
Mountain Cut-off: Fairview to Avoca, Pa ..................................
Wyoming Division Branches ...............................................
Branch of Bowman's Creek Branch .........................................
B. ENTIRE CAPITAL STOCK OWNED (total, 662.85 miles).
Lehigh Valley Terminal Ry ..... 27. 11 m.
Greenville and Hudson Ry ...... 1.88 m.
Jersey City Belt Line By ........ 0.89 m.
Easton and Amboy RR ......... 69.61 m.
Perth Amboy and" Raritan Ry. . . 6.16 m.
Pittstown Branch Ry ........... 4.02 m.
Middlesex Ry .................. 0.34 m.
Waverly and State Line RR ..... 0.41 m.
Easton and Northern RR ........ 4.65 m.
C. MAJORITY OF CAPITAL STOCK OWNED (total, 325.28 miles).
Schuyllcill and Lehigh Valley BB.: Liaard Creek June, to Black wood, Pa .....
Pennsylvania and New York BB. (see appended statement therefor) ..........
Montrose By.: Tunkhannock to Montrose, Pa. (narrow gauge) ................
Lehigh and New York BB.: Pa. State Line to North Fair Haven, N. Y .......
D. LEASED LINES (total, 27.88 miles).
State Line and Sullivan BB. : Monroeton to Bernice, Pa .....................
HayCs Corners, Ovid and Willard BB.: Hayt's Corners to Willard, N. Y ......
Brought forward
Lehigh Valley Ry ................
Rochester Southern RR ...........
Depew and Tonawanda RR ..... ...
Elmira, Cortland & Northern RR. . .
Middlesex Valley RR .............
Seneca County Ry ................
Loyalsock RR ...................
Wilkesbarre & Harvey's Lake RR.
98.94 miles.
15.05 "
117.56 "
54.94 "
17.17 "
12.46 "
0.95 "
115.07 miles.
280.86 "
:!(i.W "
10.56 "
139.14
29.43
8.20
35.28
14.06
41.69
141.00
27.22
115.37
24.06
3.82
B. TRACKAGE RIGHTS (total, 49.37 miles).
Pennsylvania RR.: Spring Garden Junction to Pottsville, Pa 4.20
Pennsylvania RR.: West Newark June, to Jersey City, N. J 9.40 "
Philadelphia and Erie RR.: New Boston June, to Pottsville, Pa 10.90 "
Central RR. of N. J. : Sandy Run June, to Crellin June., Pa 5.91 "
Barclay RR. : Barclay Junction to Monroeton, Pa 4.00
N. Y. C. & H. B. BB.: Tonawanda June, to Suspension Bridge, N. Y 14.96 "
Total length of lines operated, Nov. 30, 1901 .1,382.45 miles.
F. OWNED BUT NOT OPERATED (total, 16.77 miles).
Easton and Northern BB. : Easton to Bel fast, Pa 8.14 miles.
National Docks By.: Jersey City to Bayonne, N. J 8.63 "
Total mileage of the system, Nov. 30, 1901 .1,399.22 miles.
Gauge, 4 ft. 8i in. Rail— iron, 58 and 66 Ibs. ; steel, 58, 66, 67, 70, 76, 80, 90, and 100 Ibs.
2a. Statement showing the mileage of track owned, leased, and operated, and the length
of same laid with steel rails, NOT. 30, 1901 :
First
Track.
Second
Track.
Third
Track.
TJE*
Total
Tracks.
Steel
Rail.
Owned Absolutely or Entire Stock Owned
M.
979.917
M.
444.785
M.
18.356
it.
722.039
.V.
2,165.097
M.
2,134.597
Controlled by Ownership of a Majority of Stock. . .
Controlled by Leases.
325.282
27.878
98.087
0.615
194.669
5.727
618.653
33.605
571.7113
88.106
Trackage Rights
49.370
22.200
71.570
71.570
8.137
2.754
10 891
10.891
National Docks Ry .
8 638
7.965
13.249
29 852
Totals
1,399.222
573.037
18.971
938.438
2,929.668
2,851.808
3. Rolling Stock, Nov. 30, 1901.— Locomotives, 760. Cars— passenger, 242; chair, 10 ;
dining, 4; cafe, 3 ; combination, 73 ; baggage, mail, express, and postal, «0 ; fruit, 11 ; milk,
55; freight (box, 17,616; poultry, 25; stock, 148; lime, 1; bark, 25 ; flat, 303; gondola,
1,741 ; refrigerator, 94 ; produce, 767 ; furniture, 2 ; coal, 13,697), 34,419 ; caboose, 307 ; busi-
ness and pay, 4 ; service, 774— total, 35,982.
3a. Floating Equipment, Nov. 80, 1901. — Laka steamers, 6 ; tugboats, 21 ; steam
lighters, 4 ; car floats, 21; barges, 113; wrecking boat, 1 ; coal barges, 68 ; «anal seows, 10 —
total, 244.
3b. The valuation of equipment on Nov. 30, 1901, as carried on the books of the com-
105
106
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
pany, was as follows : Locomotives, $6,143,616.52 ; passenger train cars (482), $1,326, 152.5.3 ;
freight train cars (34,726), $18,934,040.42 ; road-service cars (774), $202,077.06 ; floating equip-
ment, $2,748,327.70— total, $29,354,214.25. Of this amount, $2,631,466.57 represents rolling
stock and $2,748,327.70 represents marine equipment, owned by auxiliary companies ; the
balance being the value of rolling stock owned or held under car trusts by the Lehigh Valley
RR. Co. (See General Balance Sheet, Sec. 5.)
4. General Income Account, year ending November 30, 1901.
Earnings— Passenger $3,635,060 94
Coal and General Freight .... 21,939,238 25
Mail and Express 432,616 37
Miscellaneous 076,617 99
Total ($19,301.63 per mile) $26,683,583 55
Net Earnings (24.79 p. c.) $6,613,657 55
Dividends on Stocks Owned (see Sec.
below) 353.726 40
Interest on Bonds Owned (see Sec. below) 616,120 00
Interest on Mortgages 41 ,731 52
General Interest Receivable 50,157 90
Sundry Receipts (see Sec. below) 44,162 19
Expenses— Maint. of Way and Structures. $4.499,632 %
Maintenance of Equipment.. 4,806,129 77
Conducting Transportation... 10.046,410 00
General 717,703 27
Total ($14,517.61 per mile) $20.069,^6 00
State, County, and Local Taxes $625,!i:J.7 -^
Loss and Depreciation, Water Lines 222.IJ07 93
General Interest Payable 287.235 95
Surplus Earnings Due to Controlled Cos. 10.884 09
Interest on Funded Debt (see below) 2,285,083 33
Interest on Car Trusts (see below) 239.500 00
Guarant'd Interest, L.V.C.Co. (see below). 825,700 00
Rentals of Leased Lines (see below). ... 2,647.9'.i5 00
Total Net Income $7,719,555^6 Total Deductions "$7,144,943 52
Surplus for year, $574,612.04; premium on bonds sold, $170,000; interest on Coal Ridge
Improvement and Coal Co., bonds belonging to previous years, $23,070 ; adjustment of
taxes, previous years, $90,838.16; sundry receipts belonging to previous years, $87,319.81
—total, $945,840.01. Debits : Deficit, Nov. 30, 1900, $1,910,584.94 ; estimated depreciation
of securities, $224,900 ; open book accounts of previous years, now considered uncollectible,
$67,579.33— total, $2,203,064.27. Deficit, Nov. 30, 1901, $1,257,224.26.
Dividends on Stocks Owned.— National Docks Ry. Co., $154,160 : New York and
Middle Coal Field RR. & Coal Co., $95,503.50 ; Morris Canal and Banking Co., $39,872 ;
Lehigh and New York RR. Co., $32,227.50; Highland Coal Co., $12,000 ; Wes-twood Coal
Co., $9,075 ; Buffalo Creek RR. Co., $8,750 ; Mineral Springs Coal Co., $1,175.40 ; People's
Ry. Co.', $522 ; Weatherly Water Co., $360; Locust Mountain Coal & Iron Co., $81— total,
$353,726.40.
Interest on Bonds Owned.— Lehigh Valley Coal Co., $320,000; Schuylkill and Lehigh
Valley RR. Co., $100,000; Hazleton Coal Co., $96,100; Morris Canal and Banking Co.,
$30000- Coal Ridge Improvement and Coal Co., $23,070 ; Rochester Southern RR. Co.,
$21,350 ; Greenville and Hudson RR. Co., $17,500 ; Middlesex Valley RR. Co., $8, 200— total,
$616,120.
Sundry Receipts. —Waverly and State Line RR. rental, $600 ; Depew and Tonawanda
RR. rental, $30,000; Easton and Northern RR. earnings, $13,562.19— total, $44,162.19.
Interest on Funded Debt.— 1st mtge. 4 p. c. bonds, $200,000 ; 2d mtge 7 p. c. bonds,
$420,000 ; consol. mtge. 6 p. c. bonds, $942,000 ; consol. mtge. 4£ p. c. bonds, $328,500 ;
collateral trust 5 p. c. bonds, $394,583.33— total, $2,285,083.33.
Interest on Car and Equipment Trusts. — Car trust, series A, $24,583.34 ; car trust,
series B, $13,541.66; equipment trust, series C, $76,500; equipment trust, series D, $124,875
—total, $239,500.
KENTALS OF LEASED LINES, GUARANTEED INTEREST AND DIVIDENDS.
Lease Rentals ($2,647,995).
Lehigh Valley Terminal Ry.
Interest on $10,000,000 5 p. c. bonds $500,000
Greenville and Hudson Ry.
Interest on $350,000 5 p. c. bonds 17,500
Easton and Amboy RR.
Interest on $6,000,000 5 p. c. bonds 300,000
Morris Canal and Banking Co.
10 p. c. on $1,175,000 preferred stock 117,500
4 p. c. on $1,025,000 consol. stock 41,000
Interest on $500,000 6 p. c. bonds.. „ 30,000
Easton and Northern RR.
Interest on $51,000 4£ p. c. bonds 2,295
Schuylkill and Lehigh Valley RR.
Interest on $2,000,000 5 p. c. bonds 100,000
Penn. & New York Canal & RR.
Interest on $1.500,000 7 p. c. bonds 105,000
Interest on $4,000,000 5 p. c. bonds 200,000
Interest on $1,500,000 4J p. c. bonds 67,500
Interest on $3,000,000 4 p. c. bonds 120,000
Waverly and State Line RR., Rental 600
The Lehigh Valley Ry. Co. of N. Y.
Interest on $15,000,000 4J p. c. bonds 675,000
Broityht forward $2,276,395
Lehigh and New York RR.
Interest on $2,000,000 4 p. c. bonds 80,000
Elmira, Cortland an>l Northern KR.
Interest on $750,000 6 p. c. bonds 45,000
Interest on $1,250,000 5 p. c. bonds 62,500
Canastota Northern RR.
Interest on $300,000 6 p. c. bonds 18,000
Middlesex Valley RR.
Interest on $3*75,000 5 p. c. 'oonds 18,750
Rochester Southern RR. Co.
Interest on $425,000 5 p. o. bonds 21,250
Depew and Tonawanda RR., Rental 30,000
Hazleton Coal Co.
Interest on $1,922,000 5 p. c. bonds 96,100
Guaranteed Interest ($880,800).
Lehigh Valley Coal Co.
Interest on $11,514,000 5 p. c. bonds 575,700
Interest on $5,000,000 5 p. c. bonds 250,000
Delano Land Co.
Interest on $1,102,000 5 p. c. bonds 55,100
POOR'S MANUAL — LEHIGH VALLEY RR. CO.
107
Recapitulation of Rentals and Guaranteed Interest.
PRINCIPAL. INTEREST.
Lehigh Valley Railroad Company, funded debt $41,900,000 00 $2,885,083 83
Equipment trusts 5,656,00000 239,50000
Guaranties and rentals of leased lines 53,188,000 00 2,647,995 00
Total interest on funded debt, equipment trusts, and fixed rentals of leased
lines as per income account $5,172,578 33
Lehigh Valley Coal Company 16,514,000 00
Interest charge as per income account 825,700 00
Total interest and rentals charged to income account $5,998,278 33
Delano Land Company (Interest puid by Lehigh Valley Coal Co.) 1,102,000 00 55,100 00
Total principal of funded debt, equipment trusts, and guaranties $118,295,000 00
The Lehigh Valley RR. Co. owns all the bonds of the Greenville and Hudson Ry. Co., Morris Canal and
Banking Co., Schuylkill and Lehigh Valley RR. Co., Rochester Southern UR. Co., and Hazleton Coal Co., be-
sides owning $271,400 of the preferred stock and $318,300 of the consolidated stock of the Morris Canal and
Banking Co., $164,000 of the bonds of the Middlesex Valley RR. Co., and $0,140,000 of the bonds of the
Lehigh Valley Coal Co. Total owned by Lehigh Valley RR. Co., $12,350,700; annual charge thereon,
$032,922. The latter amount is included in the Income Account under the head of dividends and interest on
stocks and bonds owned, while the rentals of the Waverly and State Line and the Depew and Tonawanda
RRs. are included in the same statement under the head of " sundry receipts."
The Lehigh Valley RR. Co. does hot guarantee the $300,000 1st mtge. 6 p. c. bonds of the Canastota
Northern RR. Co., nor $750,000 1st preferred mortgage 6 p. c. bonds of the Elmira, Cortland and Northern
RR. Co., but they are both included in the preceding statement, because they are mortgage liens on property
which is a part of the Lehigh Valley system by ownership of capital stock.
The details of the guaranties are in the statements for the subsidiary companies appended hereto, and a
full description of the guaranteed bonds will be found in the Ready Reference Bond List — see General Index.
5. General Balance Sheet, November 30, 1901.
Cost of Road $18,639,291 95
Equipment 19,018,419 98
Equipment Trusts ($4,956,000):
Equipment Trust, Series C 1,600,00000
Equipment Trust, Series D 2,700,00000
Equipment Trust, Series E 656,00000
Real Estate 1,225,206 46
Mortgages Receivable 655,296 84
Securities Owned (see Sec. 9) 40,034,323 30
Advances to Other Cos. in System 6,390,33052
Current Assets ($8,448,873.20):
Cash on Hand 2,540,289.62
Due by Station Agents 1,499,024 31
Individuals and Companies 1,533,45565
Traffic Balances 050,508 96
Advances 2,225,594 66
Material and Supplies 1,317,504 75
Profit and Loss 1,257,224 26
Total Assets $101,942,471 26
Capital Stock ($50 shares) .' $40,441,100 00
Funded Debt Outstanding 41,900,00000
Equipment Trust Obligations 5,656,00000
National Storage Co. Trust Certificates. . 5,000,000 00
Coal Property Purchase Bonds 1,215,00000
Depreciation of Equip. ($970,554.99):
Equipment Renewal Reserve 476,04241
Depreciation of Marine Equipment.. 494,51258
Mortgages on Real Estate 214,520 90
Interest and Rentals Accrued, not Due
($1,416,010.39) :
Interest on Funded Debt 137,91666
Interest on Equipment Trusts 51,88166
Accrued Rentals, Leased Lines 554,170 41
Accrued Principal, Equipment Trusts. 393,333 34
Interest on The L. V. C. Co. Bonds. . 239,875 00
Interest on Trust Certificates 33,33332
Interest on Coal Prop. Purchase Bonds. 5,500 00
Current Liabilities 4,702,375 23
Deferred Liabilities 426,909 75
Total Liabilities $101,942,471 26
<J. Capital Stock. — The capital stock as per general balance sheet consists of $106,300 of 10 p. c.
preferred stock and $40,334,800 of common stock, in shares of $50 each. The last dividends were
paid in July, 1893.
7. Funded Debt.— The funded debt outstanding on June 30, 1901— total $41,900,000, as per general
balance sheet — consisted of the following issues of bonds:
$5,OOO,OOO 1st gold 4s of June 1, 1948. Secured on
the main line, 322.44 miles, and equipment. The
bonds matured in 1898, and were extended, prin-
cipal and interest being made payable in gold.
G,OOO,OOO 2d 7s of Sept. 1, 1910. Secured on the
same property, but subject to the lien of the
first mortgage.
23,OOO,OOO consol. mtge. bonds. $15,700,000 of
them being 6 p. c. bonds and the remaining
$7,300,000 4J p. c. bonds; $10,062,000 of the 6
p. c. bonds and $2,538,000 of the 4J p. c. bonds
are designated "annuity bonds" and are irredeem-
able; the remaining $5,638,000 of 6 p. c. bonds and
the remaining $4,762,000 of 4J p. c. bonds are
payable on Dec. 1, 1923. The authorized issue
is $40,000,000, of which $12,000,000 is reserved for
retirement of the 1st and 2d mtge. bonds, at
maturity. The bonds are in two classes, those
due in 1923 being known as Class B, and the
irredeemable " annuity " bonds as Class C. Of
Class B, $1,319,000 6s and $1,669,000 4Js are coupon
bonds, while $4,319,000 6s and $3,093,000 4Js are
in registered form. The bonds are secured on
the main line and branches, 322.44 miles, sub-
ject to prior liens.
7,9OO,OOO mtge. and trust gold 5s of May 1, 1997.
Secured on the railroad and equipment of the
company (subject to prior liens) ; on various
real estate mortgages held by the company;
on various pieces of Teal estate owned by
the company in Philadelphia, Pottsville, and
Jersey City; on sundry stocks of various
companies owning railroad (about 170 miles) and
steamship lines belonging to the Lehigh Valley
System, and on the car trust bonds of the Le-
high Valley Terminal Ry. Co. owned by this com-
pany. (See statement of stocks and bonds owned,
Sec. 9.) The authorized issue is $15,000,000, of
which $7,000,000 may be issued at not exceeding
the rate of $1,000,000 in any calendar year com-
mencing with the year 1900, for the construction
or acquisition of extensions, terminals, rolling
stock, or betterments, or for the acquisition of
additional bonds of the Lehigh Valley Coal Co.
secured by its mortgage dated April 30, 1897 — all
of such acquisitions to be subjected to the lien
of the mortgage. Of the remaining bonds, $5,000,-
000 were issued to provide for floating debt, and
$3,000,000 were issued during the year ending
June 30, 1901 to partly cover expenditures which
had previously been made for construction and
other purposes. The $7,000,000 of reserved bonds
may bear interest at a rate less than 5 p. c. per
annum. The bonds are redeemable on any
Interest day, at 107J p. c. and accrued interest,
on 60 days' notice.
The mortgages do not cover the income of the company, and none of them except the collateral trust
mortgage cover any of the securities owned by the company. Bonds with liens prior to that of the mort-
108
POOR'S MANUAL OF RAILROADS —MIDDLE ATLANTIC GROUP.
gage and collateral trust bonds may be extended, or new prior lien bonds may be issued, hut the aggregate
principal sum of such bonds, or the rate of interest thereon, may not be increased except as provided in
the consolidated mortgage for the retirement of bonds prior in lien thereto.
8. Equipment Trust Obligation*.— These consist of the following issues: $450, nun :> p. c.
Series A car trust, payable $50,000 semi-annually to Feb. 1, 1906, interest Feb. and Aug.; $250,000 5 p. c.
Series B car trust, payable $25,000 semi-annually to Aug. 1, 1906, interest Feb. and Aug.; $1, 000,000 4J p. c.
Series C car trust, payable $200,000 annually to June 1, 1909, interest June and Dec.; $2,700,000 4J p. c.
Series D equipment trust, payable $300,000 annually to March 1, 1910, interest March and Sept., and
$656,000 4J p. c. Series E equipment trust, payable $82,000 annually to Feb. 1, 1909, interest Feb. and Aug.
Series A and Series B are in gold-bearing bonds of $1,000 each; Series C, Series D and Series E are in
$1,000 gold certificates. Series A covers 2,000 box freight cars; Series B, 1,000 coal cars, 50 stock cars, and
6 combination passenger, etc., cars; Series C, 2,000 coal and 400 box freight cars: Series D, 25 locomotives
and 3,665 freight cars (2,725 box, 250 gondola, 300 coal, 300 produce, 15 milk, 25 poultry, and 50 steel
flats); Series E, 42 locomotives and 20 cars (11 passenger, 3 combination and 6 baggage). Interest is payable
at the offices of the respective trustees as follows: Series A and Series B, the Girard Trust Co., Phila-
delphia, Pa.; Series C and Series E, the Pennsylvania Co. for Insurance on Lives and Granting Annuities,
Philadelphia, Pa.; Series D, Provident Life and* Trust Co., Philadelphia, Pa.
A car trust known as Series E, amounting to $656,000, was created March 30, 1901, covering certain
equipment noted in the preceding paragraph. The trust provides for the issue of 656 certificates of $1,000
each, bearing interest payable Feb. 1 and Aug. 1 at 4J p. c. per anrium, the principal being payable in
eight annual installments of $82,000 each, beginning Feb. 1, 1902.
t>. Securities Owned.— Stocks of railroad and water lines included in the system, $18,260,3(5(1.34;
stocks of allied coal companies, $2,497,981.29; stocks of other companies, $7,553,866.50; bonds of railroad
and water lines included in the system, $3,398,926; bonds of the Lehigh Valley Coal Co., $6,400,000; bonds
of other coal companies, $944,183.17; bonds of other companies, $79,000; car trust certificates, Lehigh
Valley Terminal Ry., $900,000— total, $40,034,323.30. The following is a detailed statement of these
securities:
Covered by Collateral Trust Deed.
BONDS.
Coal Ridge Imp. & Coal Co., May, 1867.... $184,500
Coal Ridge Imp. & Coal Co., June, 1874 ---- 200,000
Greenville & Hudson Ry .................... 350,000
Hazleton Coal Co .......................... 1,921,000
Lehigh Valley Coal Co., Mtge., 1892 ........ 1,400,000
Lehigh Valley Coal Co., Mtge., 1897 ......... 5,000,000
Lehigh Valley Terminal Ry., Car Trust ..... 900,000
Morris Canal & Banking Co ................. 500,000
Rochester Southern RR ..................... 425,000
Schuylkill & Lehigh Valley RR ........... . 2,000,000
Total .................................. $12,880,500
STOCKS.
Anthracite Coal & Improvement Co ......... 257,860
Buffalo Creek RR ............................ 125,000
Canal RR .................................. .. 60,000
Canastota Northern RR ...................... 200,000
Coal Ridge Imp. & Coal Co ................. 807,550
Coal Ridge Imp. & Coal Co., preferred.... 86,500
Depew & Tonawanda RR .................... 500,000
* Easton & Amboy RR ....................... 6,000,000
Easton & Northern RR ...................... 300,000
Elmira, Cortland & Northern RR ........... 2,000,000
Elmira Transfer Ry .......................... 10,000
Greenville & Hudson Ry .................... 400,000
Hazleton Coal Co ............................ 500,000
Highland Coal Co ........................... 120,000
Lehigh & New York RR. preferred .......... 2,148,500
Lehigh Valley Coal Co ...................... 650,000
Lehigh Valley Ry ........................... 5,900,000
Lehigh Valley Terminal Ry ................. 10,000,000
Lehigh Valley Transportation Co ............ 750,000
Loyalsock RR ............................... 300,000
Mineral Spring Coal Co ...................... 195,900
* National Docks Ry ........................ 1,927,000
New York & Middle Coal Field RR. &Coal Co 1,061,150
Pennsylvania & New York Canal & RR ..... 1,051,200
Perth Amboy & Raritan Ry ................. 12,000
Pittstown Branch Ry ....................... 40,000
Rochester Southern RR ..................... 800,000
Schuylkill & Lehigh Valley RR ............ 1,998,400
Waverly & State Line RR ................... 10,000
Westwood Coal Co .......................... 165,000
Wilkesbarre & Harvey's Lake RR ............ 150,000
Wyoming Valley Coal Co ................... 922,200
Total $39,448,260
Not Covered by Collateral Trust Deed.
BONDS.
Glen Summit Hotel & Land Co $79,000
Hazleton Coal Co 1,000
Mansion House Hotel Co 7,000
Middlesex Valley RR 389,000
Total $476,000
STOCKS.
Buffalo, Thousand Islands & Portland RR.. 250,000
Connell Coal Co 500,000
Consolidated Real Estate Co 5,000
Delano Water Co 1,000
Hazleton Water Co 250,000
Hazle Water Co 500
Jersey City Belt Line Ry 12,000
Lehigh Valley Transportation Co., N. J 200,000
Lehigh & Lake Erie RR 25,000
Locust Mountain Coal & Iron Co 1,350
Locust Mountain Water Co 50,000
Middlesex Ry 2,000
Middlesex Valley RR 500,000
Montrose Ry 168,050
Morris Canal & Banking Co., Con 318.300
Morris Canal & Banking Co., Pref 271,400
Morris Canal & Banking Co., Scrip 56,798
National Docks Ry 1,927,000
National Storage Co 2,400,000
New York Transit & Terminal Ry 6,200
Newark Bay Ry 10,000
Packer Coal Co 3,800
Paxinosa Land and Improvement Co 10,000
People's Ry 6,960
Philadelphia Harbor Transfer 20,000
Pioneer Real Estate Co 2,500
Reading Co. Trust Certificates, Com 1,571,000
Seneca Coal Co 100,000
Seneca County Ry.
Stony Creek RR
United Real Estate Co
Weatherly Water Co
Wright Township Water Co.
10.000
20,000
1,000
6,000
500
Par Value. Book Value.
Bonds Covered by Collateral $ $
Trust Deed 12,880,500 00 11,487,308 17
Stocks Covered by Collateral
Trust De«d 38,448,260 00 36,568,280 07
Total $8,706,358
* Owned by Lehigh Valley Terminal Ry, Co.
SUMMARY.
Par Value. Book Value.
Bonds not Coyered by Collat- $ $
eral Trust Deed 476,00000 334,80200
Stock* not Covered by Collat-
eral Trust Deed. 8,706,357 60 9,670,933 06
Aggregate 52,328,760 00 38,055,588 24 Aggregate 9,182,357 50 9,905,735 06
Total par value of all securities $61,511,117.50 ; value as per books (L. V. RR. Co. books, $40,034.323.30 ; L.
V. Terminal Ry. Co. books, $7,927,000), $47,961,323.30.
POOR'S MANUAL — LEHIGH VALLEY RR. CO.
10. SUMMARY OF FINANCIAL OPERATIONS, YEAR ENDING NOVEMBER 30, 1901.
109
Decrease of Assets : Equipment trusts, §500,000 ; real estate, $206,400.50; mortgages receivable,
f 29,171. 94 ; current assets, $317,584.91 ; material and supplies, $56,600.94 ; contingent assets,
1,512,872.59 $2.622,630 88
Increase of Liabilities : Funded debt, $3,200,000 ; equipment trust obligations, $6,000 ; coal
property purchase bonds, $1,215,000; depreciation of equipment, $604,810.47; interest and
renials accrued not due, $90,298.34 ; current liabilities, g93,T10.44 5,209,810 25
Profit and Loss : Debit balance Nov. 30, 1900, $1,910,584.94 ; credit balance, Nov. 30, 1901, $1,257,-
2-il.2ti 633,360 68
Total to be accounted for $8,485,810 81
Increase of Assets : Equipment trust, Series E, $656,000 ; securities owned, $2,500,667.50 ; other
permanent investments, $522,847.15 ; current assets, $3,116,132.39 6,795,647 04
Decrease of Liabilities : Mortgages on real estate, $500 ; current liabilities, $1,384,877.42 ; de-
ferred liabilities, $304,786.35 1,690,163 77
Total accounted for $8^485,810~8l
11. Statement of operations, property and capital accounts for 7 years, ending Nov. 30 :
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated ....
Miles of Track
1,145.05
2,490.49
2,275.14
685
241
121
48,306
798
49,466
4,748,037
tl8,2S2,ti:;ti
14,712,546
2,381,847,208
$
2,316,540
15,319,921
927,993
1.208.39
2,694.09
2,275.14
750
262
143
48,048
792
49,245
5,020,864
126,179.711
15,089.510
2,647.223,490
'$
2,556,536
16,095,678
989,683
1,315.70
2,710.82
2,512.61
737
262
143
44,833
747
45,985
4,881,610
135,489,011
14,383,525
2,597,733,155
$
2,672,547
15,903,889
922,731
1,393.80
2,8S1.33
2,580.71
736
249
148
42,658
1,120
44,175
4,569,f05
146,509,672
15,245,946
2,951,214,574
$
2,718,S58
16,008,370
1,015,310
1,395.91
2,857.24
2,673.34
713
245
151
36,899
1,245
38,540
4,604,932
151,905,544
17,663,010
3,278,441,464
$
2,760,401
18,979,354
1,119,406
1,381.63
2,867.64
2,784.03
739
249
149
34,698
1,120
36,126
4,717,849
159,751,959
17,430,470
3,278,236,232
$
2,959,379
19,072,644
1,017,259
1,382.45
2,888 93
2,811.07
760
259
153
34,485
1,085
35,982
4,431,507
207,854,709
19,805,624
3,805,865,245
$
3,635,061
21,939,239
1,109,234
Miles Steel Rail
Locomotives
Cars — Passenger
Baggage, etc
Freight
Other
Total Cars
Passengers Carried
Passenger Mileage
Freight (tons) Moved . . .
Freight (ton) Miles
Earnings— Passenger . . .
Freight
Other . . .
Gross Earnings
18,564,454
13,836,387
19,641,897
14,502,342
19,559,107 19,742,538
14,193,1931 13,973,371
22,659,161
17,560,942
23,049.282
19,242,421
26,683,534
20,069,876
Operating Exp
Net Earnings
4,728,067
990,914
5,139,555
676,159
5,365,974
1,087,960
5,769,167
1.244.945
5,098,219
963,515
3,806,861
1,055,785
6.613,658
1,105,898
Other Receipts
Net Income
5,718,981
j- 781,759
j- 4,294,380
5,815,714
881,919
4,484,032
590,650
6,453,934
f 580,137
| 316,724
j 2,131,061
1 2,613,145
710,204
7,014,112
574,857
249,927
2,233,521
2,650,645
83 1,058
6,061,734
650,639
282,715
2,174,875
2,649,395
827,304
4,862,646
632,806
545,567
2,288,375
2,647,995
825,700
7,719,556
625,937
520,729
2,524,583
2,647,995
825,700
Payments :
Taxes
Other Charges
Interest RR. Co
Lease Rentals
Interest, L. V. C. Co.
Total
5,076,139
642,842
16,21279
12,083 65
4,129 14
74.53 p. C.
1.96 c.
0.64 c.
$
40,441,100
34,173,000
5,956,601
Def. 149,926
16.254 60
12,001 38
4,25322
73.a3 p. c.
2.03 C.
0.61 C.
S
40,441,100
35,560,000
6,351,271
102,663
14,958 44
11,023 01
3,93543
72.57 p. C.
1.97 C.
0.61 C.
$
40,441,100
40,334,000
1,124,243
4,358,572
2,150,371
1,703,441
377,478
6,540,008
474,104
14,164 54
10,025 37
4.139 17
70.78 p. c.
1.86 c.
0.54 c.
$
40,441,100
39,825,000
1.007,295
4,708,445
1,557,009
1,702,419
763,528
6,584,928
Def. 523,194
16,23254
12,580 28
3,652 26
77.50 p. C.
1.82 c.
0.58 C.
$
40,441,100
40.675.000
1,367,479
5,560,554
1.047,984
1,699.093
96,174
6,940,443
D. 2,077,797
16,682 67
13,927 33
2,755 34
83.48 p. c.
1.85 c.
0.58 c.
$
40,441,100
49,350.000
365,745
7,534,275
731,696
1,702,469
7,144,944
574,612
19,301.63
14,517.61
4,784.02
75.21 p. c.
1.75 c.
0.58 C.
$
40,441,100
53,771,000
970,555
6,332,906
426,910
Balance, Surplus
Gross Earn, per Mile
Operati'g Exp. per Mile
Net Earnings per Mile. .
Expenses to Earnings..
Earn, per Pass, per Mile
Earn, per Ton per Mile. .
Capital Stock
Funded Debt
Depreciation of Equip
Current Labilities
Deferred Liabilities
Contingent Liabilities . .
Profit and Loss. . :
4,275,287
1,577,807
1,571,410
7,672,713
4,272.983
1,598,270
1,710.504
7,534,277
Total Liabilities....
Road and Equipment. . .
Securities Owned
89,711,317
39,738,832
25,807,701
11,638,819
8,182,020
1,277,818
3,066,067
91,117,134
42,795,159
26,558,029
7,791,213
9,565.097
1.196,645
8,210,991
90,489,205
87.657,712
32.949,322
7,286,349
8,629,041
748,645
3,218,136
90,094,796
87,657,712
32,265,889
7,349,787
8,992,269
613,798
3,215,341
90,887,384
37.657,712
82,245,277
7,982,271
8,877.777
909,006
3,215.341
100,125,285
37,657,712
38,218,125
12.099.090
5,650,326
1,374,106
3,215,341
1,910,585
101,942,471
37,657,712
40,034,323
13,226,834
8,448,873
1,317,505
Other Investm'ts
Cash Assets
Materials, etc
Contingent Assets
Profit and Loss
1,257,224
Total Assets
89,711,317
91,117,134
90,489,205
90,094,796
90,887,384
100,125,285
101,942,471
110
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
12. Statement of amounts due by railroad and water lines in Lehigh Valley System for
advances on account of construction and new property, Nov. 30, 1901 :
Depew and Tonawanda RR. Co 8243,130 18 I
Easton and Amboy RR. Co 185,516 05
Easton and Northern RR. Co 516,241 30
Greenville and Hudson Ry. Co 403,111 75
Jersey City Belt Line Ry. Co 41,401 76
Lehigh and Lake Erie RR. Co 108,317 29
Lehigh Valley Ry. Co 3,908.099 92
Loyalsock RR. Co 172,84009
Middlesex Ry. Co 2,253 57
Newark Bay Ry. Co 3,178 83
Pennsylvania and N. Y. Canal and RR. Co. 46,729 95
Perth Amboy and Raritan Ry. Co $60,227 12
PittHtown Branch Ry. Co 19,535 92
Rochester Southern RR. Co 70,610 49
Seneca Coumy Ry. Co 134,063 98
Wilkesbarre and Harvey's Lake RR. Co 205.861 23
86,120,119 43
Lehigh Valley Transportation Co 265,211 09
Morris Canal 5,000 00
Amount due as per balance sheet $6,390,330 52
13. Statement showing the mileage, stocks, bonds, etc./ of the lines controlled and
leased by the Lehigh Valley RR. Co., Nov. 30, 1901 :
NAME OF ROAD.
Length.
Date of
Lease.
Term of Lease.
Capital
Stock.
Bonded
Debt.
Buffalo Creek
M.
5.82
69.60
12.78
0.89
280.86
3.82
28.23
35.28
139.78
24.06
0.41
15.18
6.16
4.02
30.25
41.68
115.37
0.34
29.43
*Jan. 1. 1890
May 24, 1893
Controlled th
Controlled th
Jan. 1, 1891
1883
See company
Cont'd by L.V
Dec. 1, 1888
May 1, 1894
Jan. 26, 1875
Cont. by L.V.I
Controlled th
Controlled th
Controlled th
Controlled th
Aug. 24, 1895
Controlled th
Controlled th
Cont. thro'gh
Controlled th
Controlled th
Controlled th
Controlled th
Controlled th
Controlled th
For term of charter less 1 da.
Annual rental,
rough ownership of stock,
rough ownership of stock.
999 years.
99 years,
s statement below.
.RR., which owns entire stk.
99 years.
50 years.
Perpetual.
iR. thro'gh own'ship of stk.
rough ownership of stock.
rough ownership of stock,
rough ownership of stock,
rough ownership of stock.
999 years,
rough ownership of stock,
rough ownership of stock,
own'ship of maj. of stock,
rough ownership of stock,
rough ownership of stock,
rough ownership of stock,
rough ownership of stock,
rough ownership of stock,
rough ownership of stock.
9
250,000
6,000,000
300,000
12,000
5,900,000
4,100
10,000,000
300,000
1.061,700
980,250
10,000
150,000
12,000
40,000
800,000
2,000,000
3,803,348
2,000
500.000
304,900
2,000,000
400,000
500,000
10,000
10,000
3,854,000
S
591,000
6,000,000
51,000
Easton and Amboy
Easton and Northern
Jersey City Belt Line
Lehigh Valley Ry
15,000,000
Hayt's Corners, Ovid & Willard
Lehigh Valley Terminal
10,000,000
Loyalsock
Pa <fc N. Y. Canal & RR. Co ....
10,000.000
295,000
State Line and Sullivan
Waverly and State Line
Wilkesbarre and Harvey's Lake
Pittstown Branch
Rochester Southern
425,000
2,000.000
2,000,000
Schnylkill and Lehigh Valley.
Lehigh and New York . ..
Middlesex
Middlesex Valley
600,000
Montrose
27.22
139.14
1.88
10.56
Elmira Cortland and Northern.
2.000,000
350,000
Greenville and Hudson
Depew and Tonawanda
Newark Bay
Seneca County Ry
8.11
8.53
National Docks
Leased to the Erie and Lehigh Valley RR. Cos.
14. RAILROADS CONTROLLED BY OWNERSHIP OF ENTIRE CAPITAL STOCK.
Depew and Tonawanda RR.— Depew June.
to Tonawanda June., N. Y., 10.56 m. ; 2d track, 10.39
m.— total track, 22.47 miles. Rail (steel, 10.56 m.),
80 and 90 Ibs. Chartered July 16, 1895; opened Nov.
15, 1896. Controlled by the Lehigh Valley RR. Co.,
by ownership of capital stock. Balance Sheet,
Nov. 30, 1001. — Capital stock ($100 shares), $500,000;
open accounts, $243,130 — total, representing cost of
road, $743,130. Alfred Walter, Pres., Philadelphia,
Pa. ; W. C. Alderson, Treas. ; John R. Fanshawe.
See.; Isaac McQuilkin, Compt., Philadelphia, Pa.
Office, Buffalo, N. Y.
KM* to ii and Amboy RR. — Easton, Pa., to
Perth Amboy, N. J., 60.15 m. (double track, steel
rails, and 98.21 m. yard tracks and sidings) ;
branches, 8.92 m. — total, 69.07 miles. Chartered
April 3, 1872. Main line opened in June. 1875;
branches completed in 1892. Operated by the L.
V. RR. Co. under agreement of May 24. 1893. Cap-
ital stock, $6,000.000; funded debt (1st 5s of May
1, 1920, Int. M. & N.), $6,000,000— total, represent-
ing cost, etc., $12,000,000. The L. V. RR. Co. guar-
antees the bonds both as to principal and interest.
Alfred Walter. Pres.; John R. Fanshawe, Sec.; W.
C. Alderson, Treas.; Isaac McQuilkin, Compt., Phila-
delphia. Pa. Office, Gloucester. N. J.
JOnsioii and Northern RR.— Belfast to
Easton, Pa.. 12.78 m. ; total track. 15.55 miles. Rail.
56 Ibs. Chartered May 28, 1889; opened Aug. 23,
1890; extended in Easton, 4.65 m., in 1899. The ex-
tension in Easton is operated by the L. V. RR. Co. ;
the line from Easton to Belfast, 8.14 m., is leased to
the Bangor and Portland Ry. Co. for 6 years from
Aug. 1, 1898, at a rental of 30 p. c. of its gross earn-
ings. Balance Sheet, Nov. 30. 1901. — Capital stock.
$300.000; funded debt (1st gold 4i of Nov. 1, 1935.
int. M. & N.), $51,000; unfunded debt. $516.241—
total, representing cost of property, $867.241. The
L. V. RR. Co. owns the entire capital stock and
guarantees the bonds, both principal and interest.
Alfred Walter, Pres.. Philadelphia. Pa.; D. G.
Baird. Sec. & Treas.. Philadelphia, Pa. Office, 228
So. 3d St., Philadelphia, Pa.
Elmira, Cortland and Northern RR.—
Elmira to Canastota, N. Y., 118.49 m.; Canastota
Northern RR. (leased), 20.65 m.— total, 139.14 m. ;
total track (steel, 118.49 m.). 168.59 miles. Rail. 50.
58 and 7G Ibs. Successor, March 7, 1884, to the
Utica, Ithaca and Eluilra RR. Co. The sections from
Elmira to Horseheads. 5.28 m. (Canal RR.), and from
Cortland to PeRuyter, 20.22 m. (branch N. Y., O. &
W. Ry.), are nominally leased but practically owned
by this company. (See Manual for 1895. page 135.)
Capital stock ($100 shares). $2.000.000: funded debt.
$2.000.000 — total, $4.000.000. Cost of road, etc..
$4,000,844. The L. V. RR. Co. owns the entire
capital stock. Funded debt. Nov. 30. 1901, con-
sisted of $750.000 1st pref. gold 6s of April 1, 1914,
Int. A. & O.; and $1.250.000 1st gold 5s of April 1.
1914. int. A. & O. The L. V. RR. Co. guarantees
the 5 p. c. bonds by endorsement. The 6 p. c.
(preferred) bonds are not guaranteed, but have pref-
erence over the 5 p. c. bonds for both principal and
interest. Alfred Walter. Pres., Philadelphia. Pa.;
John R. Fanshawe, See. ; W. C. Alderson, Treas. ;
Isaac McQnilkin, Compt., Philadelphia, Pa. Office,
Buffalo, N. Y.
POOR'S MANUAL — LEHIGH VALLEY SYSTEM.
Ill
CANASTOTA NORTHERN RR.— Canastota to
Camden, N. Y., 20.65 m. ; total track, 23.17 miles.
Rail (steel, 20.65 m.), 56 and 60 Ibs. Chartered
March 24, 1886; opened July 25, 1887. Leased Aug.
16, 1886, for term of charter, to E., C. & N. KK. Co.,
which guarantees this company's bonds, both prin-
cipal and interest. Capital stock, $200,000; funded
debt (1st gold (is of July 1, 1006, int. J. & J-), $300,-
0(id— total. $5(10.000. Contra: Cost of road. $500,-
000. Alfred Walter, Pres. ; John R. Fanshawe, Sec. ;
W. C. Alderson. Treas. ; Isaac McQuilkln, Compt.
Office, 228 So. 3d St., Philadelphia, Pa.
Greenville and Hudson Ry.— Under con-
struction from Greenville to Jersey City, N. J., 2.62
m.; completed up to Nov. 30, 1901, 1.877 miles.
Controlled by the Lehigh Valley HR. Co. through
ownership of the entire stock and bond issues. Bal-
ance Sheet, Nov. 30, 1901. — Capital stock, $400,000;
funded debt (1st gold 5s of May 1, 1997, int. M. &
N.). $350,000; advances by L. V. RR. Co., $402,112
— total, representing cost of road, etc., $1,152.112.
Alfred Walter, Pres.; David G. Baird, Sec. & Treas.;
Isaac McQuilkln, Compt., Philadelphia, Pa.
Jersey C'lty Belt Line Ry.— Under construc-
tion, in Jersey City, N. J., 5.83 m. ; completed to
Nov. 30, 1901, 0.89 mile. Controlled by the Lehigh
Valley RR. Co. through ownership of capital stock.
Balance Sheet, Nov. 30, 1901. — Capital stock, $12,-
OiiO; advances by L. V. RR. Co., $41,402 — total, rep-
resenting cost of road, etc.. $53.402. John Hood,
Pres., Camden. N. J. ; David G. Baird, Sec. & Treas.;
Isaac McQuilkin, Compt., Philadelphia, Pa.
Lelilgli Valley Ry.— Buffalo, N. Y., to Penn.
State Line, 175.16 rt.; Van Etten June, to Geneva
June., 59.49 m.; Willard's Branch (leased), 3.82 m.;
Ithaca, N. Y., to Auburn, 42.46 m. ; Cayuga June., N.
Y., to Ithaca June., N. Y., 3.75 m.— total, 284.68 m.;
2d track, 175.16 m. ; sidings, 169.15 miles. Rail
(steel. 259.92 m.), 58 to 80 Ibs. Owns 1.891 box
freight cars. Consolidation, June 23, 1890, of the
Geneva and Sayre, the Geneva and Van Ettenville,
the Buffalo and Geneva, the Auburn and Ithaca, and
the Lehigh Valley Ry. Cos. Opened throughout in
Sept., 1892. Leased for 999 years from Jan. 1, 1891,
to the Lehigh Valley RR. Co. Balance Sheet. Nov.
30, 1901. — Capital stock ($100 shares), $5,900,000;
funded debt (1st gold 4}s of July 1, 1940, int. J. &
J.), $15.000.000; advances by L. V. RR. Co., $3,908,-
100 — total, representing cost, etc., $24,808,100. The
bonds are guaranteed, both principal and interest,
by the L. V. RR. Co. They are secured on the
above mileage and on terminal property in Buffalo
covering about 500 acres and having an extensive
frontage on Lake Erie and on Buffalo Creek. Alfred
Walter, Pres. ; John R. Fanshawe, Sec. ; W. C. Alder-
son, Treas.; Isaac McQuilkin, Compt., Philadelphia,
Pa. Office, Buffalo, N. Y.
I.chiK-h Valley Terminal Ry — South Plain-
field, N. J., to Cotnmunipaw, Jersey City, N. J.. 22.82
miles. Consolidation, Aug. 28, 1891, of the Roselle
and South Plainfield (see Manual for 1891, page 749),
the Newark and Roselle, the Jersey City, Newark and
Western, the Newark and Passaic, the Jersey City
Terminal, the Edgewater, and the Newark Ry. Cos.
Leased to the Easton and Amboy RR. Co., and to-
gether with that company's road operated by the
Lehigh Valley RR. Co., under agreement of May
24, 1893. Capital stock ($100 shares). $10.000.000;
funded debt (1st gold 5s of Oct. 1, 1941, int. A. &
O.), $10.000.000; car trust certificates, $900.000 —
total, $20,900,000. The bonds are secured on the
railway and on terminal property at Jersey City
covering about 125 acres and having an extensive
frontage on the Hudson River. Alfred Walter,
Pres.; W. C. Alderson, Treas.; D. G. Baird, Sec.;
Isaac McQuilkin, Campt., Philadelphia, Pa. Office,
228 So. 3d St., Philadelphia, Pa.
Loyalsock RR.— West of Shawanese Lake to
Berniee, Pa.. 30.80 m.; Rickett to Ganoga, Pa., 3.8*
m.; Lopez to end of Thorndale Branch, 0.63 m.— total,
35.28 miles. Chartered Dec. 3, 1884; road opened in
1893. The Thorndale Branch, 6.98 m., was aban-
doned in 1897-98. Balance Sheet. Nov. 30, 1901. —
Capital stock (all owned by L. V. RR. Co.), $300.000;
current liabilities, $172,840 — total, representing cost
of road, $472,840. Alfred Walter, Pres.; John R.
Fanshawe, Sec. & Treas.; Isaac McQuilkin, Compt.
Office. 228 So. 3d St., Philadelphia, Pa.
Middlesex Ry.— In Perth Amboy, N. J., 0.34
mile. Chartered Nov. 30. 1886. Extends from a
point in the side track of the Easton and Amboy RR.
in Perth Amboy, N. J., to the United Refiners' Ex-
port Oil Co.'s property in same city. Operated as a
branch of the Easton and Amhoy RR. Controlled by
the Lehigh Valley RR. Co. through ownership of
stock. Balance Sheet, Nov. 30, 1901. — Capital stock
paid in ($10,000 auth. ; $100 shares), $2,000; floating
debt, $2,254— total, $4,254. John Hood, Pres.; D. G.
Baird, Sec. & Treas.; Isaac McQuilkln, Compt.,
Philadelphia, Pa. Office, Perth Amboy, N. J.
Middlesex Valley RR. — Naples to Geneva,
N. Y., 29.43 m. ; total track (steel; 60 Ibs.), 32.37
miles. Chartered May 11, 1892; road opened as above
In fall of 1894. On Dec. 2, 1895, the entire capital
stock was acquired by the Lehigh Valley RR. Co.
(See Manual for 1896, page 590.) Capital stock ($100
shares), $500,000; funded debt (1st gold 5s of Nov.
1, 1942, int. M. & N.), $600,000— total, $1,100,000.
Cost of road, etc., $1,094,309. In addition to the
entire capital stock the Lehigh Valley RR. Co. owns
$225.000 of the bonds, and guarantees the remaining
$375,000 of bonds. Alfred Walter, Pres.; W. C.
Alderson, Treas. ; John R. Faushawe, Sec. ; Isaac
McQuilkin, Compt. Office, Buffalo, N. Y.
Newark Bay Ry. — Under construction, In
Newark, N. J., 4.91 miles. Controlled by the Lehigh
Valley RR. Co., through ownership of the capital
stock. Balance Sheet, Nov. 30, 1901. — Capital stock,
$10,000; advances by L. V. RR. Co., $3,179 — total,
representing cost of road, etc., $13,179. John Hood,
Pres., Camden, N. J.; David G. Baird, Sec. & Treas.;
Isaac McQuilkin, Compt., Philadelphia, Pa.
Perth Amhoy and Rarltan Ry.— Perth
Amboy Branch to Mill Brook Road, including Keasby
and Weber Branches, 6.16 miles. Constructed in
1891 to 1893. Controlled by the Lehigh Valley RR.
Co.. through ownership of capital stock. Balance
Sheet, Nov. 30, 1901. — Capital stock, $12,000; ad-
vances by L. V. RR. Co.. $60,227 — total, representing
cost of road. etc.. $72,227. John Hood, Pres., Cam-
den, N. J. ; David G. Baird, Sec. & Treas.; Isaac
McQuilkin, Compt., Philadelphia, Pa. Office, 228 So.
3d St., Philadelphia, Pa.
Pittstown Branch Ry.— Landsdown to Pitts-
town, N. J., 4.02 miles. Rail (steel), 67 Ibs. Char-
tered March 6, 1890; operated as a branch of the
Easton and Amboy RR. Controlled by the Lehigh
Valley RR. Co., through ownership of stock. Bal-
ance Sheet, Nov. 30. 1901.— Capital stock ($100
shares), authorized and paid in, $40,000; advances
bv L. V. RR. Co., $19,536— total, representing cost
of road, $59,536. John Hood, Pres.; D. G. Baird,
Sec. & Treas.; Isaac McQuilkin, Compt., Phila-
delphia, Pa. Office, Perth Amboy, N. J.
Rochester Southern RR.— Rochester to
Hemlock Lake. 29.17 m.; branches, 1.08 m. — total,
30.25 m.; total track (steel; 76 and 80 Ibs.), 37.99
miles. Consolidation, Aug. 14, 1895, of Rochester
and Honeoye Valley, and the Rochester and Southern
RRs. (See Mauu.il for 1896, page 595.) Controlled
by the Lehigh Valley RR. Co., through ownership of
capital stock and bonded debt. General Balance
Sheet. Nov. 30. 1901. — Capital stock ($100 shares),
.?.>:(!( 1.000; funded debt (1st gold 5s of Nov. 1. 1945,
int M. & N.), $425.000; open accounts. $70,610 —
total, representing cost of road, $1,295,610. Alfred
Walter, Pres.; John R. Fanshawe, Sec.; W. C. Aider-
son, Treas.; Isaac McQuilkin, Compt., Philadelphia,
Pa. Office, Buffalo, N. Y.
Schuylkill and Lehigh Valley RR.—
Lizard Creek June, to Black wood, fa., and branches,
4168 m.; total track (steel; 76 Ibs.). 47.88 miles.
Chartered Oct. 9, 1886; opened Sept. 15, 1890. Con-
trolled by the Lehigh Valley RR. Co. through owner-
ship of the entire stock and bond issues. Capital stock
(par $50). $2,000.000; funded debt (1st gold 5s of
March 1, 1943. int. M. & S.), $2,000,000— total, rep-
resenting cost of road, $4,000,000. Alfred Walter,
Pres • D G. Baird, Sec. & Treas. ; Isaac McQuilkin,
Compt. Office, 228 So. 3d St., Philadelphia, Pa.
Seneca County Ry.— Geneva to Seneca Falls,
N Y., 8.11 m. ; total track (steel; 76 Ibs.), 8.79-
miles. Chartered Feb. 24. 1891; road opened. Oct.
24, 1897. Controlled by the Lehigh Valley RR. Co. by
ownership of capital stock. Balance Sheet, Nov. 30,
1901. — Capital stock ($100.000 auth.: $100 shares),
$10,000; due L. V. RR. Co., $134,064— total, repre-
senting cost of road, $144.064. Alfred Walter,
Pres.; John R. Fanshawe, Sec.; W. C. Alderson,
Treas.; Isaac McQuilkin. Compt. Office, Buffalo,
N. Y.
Waverly and State Line RR.— Waverly,
N. Y., to Penn. State Line, 0.41 m. ; total track (steel,
0.41 m. ; 68 to 80 Ibs.), 2.14 miles. Chartered June
11 1867; road opened Jan. 26, 1875, and leased in
perpetuity to the Penn. & New York Canal and RR.
Co. Owned and operated by the Lehigh Valley RR.
Co. Balance Sheet, Nov. 30, ' 1901.— Capital stock,
$10,000; advances by lessee, $54,398— total, represent-
ing cost, etc., $64.398. Alfred Walter. Pres.; John
R. Fanshawe, See.; W. C. Alderson. Treas.; Isaac
McQuilkin, Cofflpt. Office, Buffalo, N. Y.
112
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Wllkeiibarre and Harvey'* Lake RR.
— Luzerne to Shawanese Lake, Pa., 14.06 m. ; Black
Diamond Breaker to Black Road, Pa., 1.12 m.— total,
15.18 m.; total track (steel; 67 Iba.), 18.59 miles.
Chartered Sept. 24, 1885. Controlled by the Lehigh
Valley RR. Co. through ownership of stock. Balance
Sheet, Nov. 30, 1901.— Capital stock ($50 shares).
$150,000; current liabilities, $205,861— total, rep-
resenting cost of road, $355,861. Alfred Walter.
.Pres. ; David G. Baird. Sec. & Treas. ; Isaac
McQuilkin, Compt., Philadelphia, Pa. Office, 228
So. 3d St., Philadelphia, Pa.
15. RAILROADS CONTROLLED BY OWNERSHIP OF A MAJORITY OF CAPITAL STOCK.
I. c hi uli and New York RR.— Penn. State I fred Walter, Pres.; W. C. Alderson, Treas.; David G.
Line to North Fair Haven, N. Y., 115.37 m.; total ' Baird, Sec.; Isaac MeQuilkin, Compt. Office, 228
So. 3d St., Philadelphia, Pa.
track, 143.69 miles. Rail (steel, 115.37 m.), 58 to
70 Ibs. Reorganization, Aug. 23, 1895, of the South-
ern Central RR. Co. (See Manual for 1895, page
1396.) Leased for 999 years, from Aug. 24, 1895,
to the L. V. RR. Co., any surplus over bond interest
going to the lessor as rental. Balance Sheet, Nov.
30, 1901.— Capital stock ($1QO shares), preferred,
$3,391.648; common, $411.700— total, $3,803,348.
funded debt (1st gold 4s of Sept. 1, 1945, int. M.
& S'), $2;000.000. The L. V. RR. Co. guarantees
the bonds, both as to principal and interest. Alfred
Walter, Pres.; W. C. Alderson, Treas.; John R.
Fanshawe, Sec.; Isaac McQuilkin, Compt., Phila-
delphia, I'a. Office, Buffalo, N. Y.
Montrose Ry.— Tunkhannock to Montrose, Pa.,
27.22 m. ; total track. 28.81 miles. Gauges, 3 ft.
and (6 miles, 3d rail), 4 ft. 8i in. Rail (steel, 2 m.),
40 Ibs. Chartered April 15. 1869; road completed in
1876. Controlled and operated by the Lehigh Valley
RR. Co. Balance Sheet, June 30, 1901. — Capital
stock paid in ($500,000 autb.; $50 shares), $304.000;
stock subscription, $2,527; current liabilites, $11,-
644; profit and loss, $26,850 — total, $345.021, rep-
resenting cost of road, etc. The Lehigh Valley
RR. Co. owns $168,050 of the capital stock. Al-
PeniiNylvania and New York: Canal
and RR.— Wilkesbarre, Pa., to New York State
Line, 96.51 m. ; branches, 43.27 m.— total, IM'.i.TS
m. ; 2d track, 99.02 m.; total track (steel, 394.13 m.),
394.57 miles. Rail, 68 to 76 Ibs. Chartered in 18t>7
and opened in 1869. Leased Dec. 1, 1888, for 99
years, to the Lehigh Valley RR. Co., and forms a
northern outlet of that line. The State Line and
Sullivan and Waverly and State Line RRs. (which
see) are leased to this company. Balance Sheet,
June 30, 1901. — Capital stock ($50 sl^n-si. .Sl.ur.l.-
700; funded debt. $10.000,000; current liabilities,
$94.519 — total, $11,156.219. Contra: Cost of road.
18,140,964; lands owned. $127,295; profit and loss.
$2.887,960— total. $11.156.219. Funded debt. .Tun
1901, consisted of $1.500.000 1st 7s of June 1, 1906,
int. J. & D. ; and $8.500,000 consols ($4,000,000 5s,
$1,500,000 4is and $3.000.000 4s) of April 1. 1039, int.
A. & O. Authorized amount of consols, $10,000,000;
reserved to retire firsts, $1.500,000. The L. V. RR.
Co. guarantees both issues, principal and interest.
Alfred Walter, Pres.; John R. Fanshawe. Sec.; W.
C. Alderson. Treas. ; Isaac MeQuilkin, Compt. Office,
228 So. 3d St., Philadelphia, Pa.
16. RAILROADS OPERATED UNDER LEASE.
Hayt's Corners, Ovid and "Willard
RR.— Hayt's Corners, N. Y., to Willard, N. Y., 3.82
m.; sidings, etc.. 3.27 miles. Gauges (three rails),
3 ft. and 4 ft. 8} in. Rail (steel, 3.82 m.), 58 Ibs.
The total length of the line is 5.18 m., of which 3.82
m. are maintained and operated by the L. V. RR.,
and the remaining 1.36 m. are owned by the State
of New York. The L. V. RR. operates the State's
1.36 m., under an agreement. Chartered Sept. 15,
1882; opened in 1883, and leased for 99 years to
Geneva, Ithaca and Sayre RR. Co., now a part
of the Lehigh Valley RR. Co. Capital stock, $4,100.
Cost of road, $2,279. J. B. Thomas, Pres.; J. F.
Covert, Sec., Ovid, N. Y. Office, Ovid, N. Y.
State Line and Sullivan RR. — Monroeton
to Bernice, Pa., 24.06 m. ; total track (steel; 58 Ibs.),
29.45 miles. Chartered in 1864 as Sullivan and Erie
RR. Co.; opened in 1867. Sold under foreclosure Oct.
14, 1874; reorganized as S. L. & S. Ry. Co., Dec. 2,
1874. Leased for 50 years, May 1, 1884, to the P. &
N. Y. C. & RR. Co.; rental, $40,000 per annum. The
company's mines are not included in the lease. (See
Manual for 1895, page 510.) Balance Sheet. June 30,
1901.— Capital stock ($50 shares). $980.230; funded
debt (1st gold 44s of Jan. 1. 1929, int. J. & J.).
s±i."..(iOO: current liabilities. $41.650; profit and loss.
$31,215— total, $1,348,115. Contra: Cost of road.
etc., $627.500: stocks and bonds. $25.100; other per-
manent investments, $101,743; lands. $500. OIK); cash
and current assets, $93,772 — total, $1,348.115. There
is a sinking fund provision under which the bonds
may be called for redemption at 105 until Jan. 1.
1914. and thereafter at par. Total amount of bonds,
$295.000; retired by action of sinking: fund. $20.000;
outstanding. $275,000. N. N. Betts. Pres.. Towanda,
Pa.; Chas. H. Davis, Vice-Pres., New York, N. Y. ;
E. D. Ackley, Sec. & Treas., Philadelphia, Pa.
Office, 204 Walnut Place, Philadelphia, Pa.
. RAILROAD OWNED BY THE L. V. RR. Co., BUT OPERATED SEPARATELY.
National Docks Ry. — Jersey City to Bayonne,
N. J., 8.53 m. ; 2d track, 8.07 m. ; total track (steel;
67 and 80 Ibs.). 29.96 miles. Consolidation. Dec. 28,
1897, of the National Docks, the National Docks and
New Jersey Junction, the Kill von Kull, and the Bay
Creek Ry. Cos. (See Manual for 1898. page 78.) Con-
trolled by the L. V. RR. Co. by ownership of the
entire capital stock, but operated separately by its
own organization. Capital stock paid in ($4.000.000
auth.; $100 shares), $3,854,000; current liabilities,
$11.665; profit and loss, $203.797— total, $4.069,462.
Contra: Cost of property. $3.949.598; cash and cur-
rent assets, $119,864 — total. $4.069.462. A. Walter,
Pres.. New York, N. Y. ; Isaac McQuilkin. Compt.,
Philadelphia, Pa.. J. A. Hand, Sec. & Treas., New
York, N. Y. Office, New York. N. Y.
18. OTHER PROPERTIES CONTROLLED BY THE LEHIGH VALLEY RR. Co.
Lehigh Valley Coal Co.— Reorganization,
Jan. 11. 1881, of the Green Land Co. Absorbed the
Delano Land Co. on July 26, 1900. Controlled by the
L. V. RR. Co., by ownership of entire capital stock.
(See Manual for 1899, page 139.)
Income Account, year ending Nov. 30, 1901. — Coal
sales, $21,378.208.93; commissions, $127,864.10;
royalties. $211,615.02; rents, $30.025.99; general in-
terest, $29,229.97; dividends and interest. $20.534;
timber sold, $12.296.45; miscellaneous, $808.64 — total,
$21.810,583.10. Operating expenses, $21.855.804.62.
Deficit. $45.221.52; add interest on Snow Shoe bonds,
$18.545.83; on Delano Land Co. bonds, $55.100; col-
liery improvements, $372.709.30 — total deficit, $491,-
576.65.
Profit and Loss Account. — Debit balance, Nov. 30,
1900. $2,264.819.98; debit balance, as above, $491,-
576.65; uncollectible accounts and sundry adjust-
ments. $23.888.90— total. $2.780.285.53. Credit:
Sundry receipts belonging to previous years, $15,-
836.67. Debit balance, Nov. 30, 1901, $2,764,448.86.
Balance Sheet, Nov. 30. 1901. — Capital stock. $1.-
000,000; funded debt, $17.983.000: depreciation of
coal lands per sinking funds. $691.389.55: advanced
royalties. $49.345.14: current liabilities, $3.192.594.-
77— total. $22.916,329.46. Contra: Coal lands,
$4.905,802.74; colliery improvements, $3.290.751.66:
coal storage properties and plants, $635.186.34: other
real estate. $8,454.25; treasury stock (issued in ex-
change for stock of Delano Land Co.). $350.000;
securities owned (stocks and bonds. $367.218; mort-
gages receivable, $13.876.23), $381.094.23; advanced
royalties, $4.983,006.51; current assets, $3.708.860;
stock of coal on band. $1.6SS.958.66; materials, etc.,
$199.766.21; profit and loss, $2,764.448.86 — total,
$22.916.329.46.
Funded debt, Nov. 30. 1901. consisted of (1) $11.-
514,000 1st 5s of Jan. 1. 1933; (2) $5.000,000 1st 5s
of May 1. 1947; (3) $367.000 Snow Shoe 1st 5s of
Jan. 1. 1910 and (4) $1.102,000 Delano Land 1st
5s of Jan. 1, 1932. The bonds of 1947 are owned by
the L. V. RR. Co.; the Ists of 1933 and the Delano
POOR'S MANUAL OF RAILROADS.
113
Land bonds are guaranteed by the same company,
in Hi as to principal and Interest; the Snow Shoe
bonds are not guaranteed. The 1st mtge. bonds of
1933 are secured on 15,217 acres of land owned by
the company, 7,242 acres of which are within the
coal measures and estimated to yield at least 124,-
000,000 tons of merchantable coal. The mortgage
provides for a sinking fund of 10 cents for each ton
of coal shipped from the mortgaged property, with
a minimum of $25,000 per annum. Under this pro-
vision $64,308.90 was set aside during the year end-
ing Nov. 30, 1901 to be applied to the purchase of
bonds for cancellation. Trustee: E. P. Wilbur Trust
Co., South Bethlehem, Pa. The $5,000,000 mtge.
bond of 1897 owned by the L. V. RR. Co., is a first
lien on anthracite coal lands and interests in Schuyl-
kill County, Pa., covering about 8,000 acres, of
which about 6,000 are within the coal measures
and estimated to yield about 237.000,000 tons of
merchantable coal, and is also secured on bitumin-
ous coal lands in the same State, which cost $975,-
000. subject to a lien of $500,000 and on wharves
and yards in Chicago, costing about $500,000 (subject
to $200,000 lien on one wharf), and in West Superior,
Wis., costing about $350,000. In addition to the
anthracite coal directly covered, the mortgage em-
braces, through ownership of stocks of coal com-
panies, about 240,000,000 tons of merchantable coal,
not covered by any other mortgage. The bond also
has a junior lien on the property covered by the first
mortgage. Trustee: The Girard Trust Co., Phila-
delphia. Pa. The Snow Shoe bonds are secured on
property in Centre County, Pa. The Delano Land
bonds are secured on 5,229 acres in Rush Township,
Sehulyklll County, Pa. There is a minimum sink-
ing fund of $30,000 per annum; bonds may be retired
at par or under. The interest and sinking fund of
these bonds are provided from royalties on coal
mined from the property. Trustee: The Girard Trust
Co., Philadelphia. Pa.
Stocks and bonds owned: 6,304 shares (par, $315,-
200) Locust Mountain Coal and Iron Co. stock; and
$20,000 L. V. RR. annuity 6 p. c. bonds.
Comparative statement of coal produced by the
collieries in which this company and the L. V. RR.
Co. are interested; years ending Nov. 30:
1901 1900
Lehigh Valley Coal Co. .. .3,758.581.03 2,833,136.01
Tenants of L. V. Coal Co. .1.477,467.19 1,323,883.18
Other Tenants 1,437,087.13 789,144.08
Total Tonnage 6,673,136.15 4,946,164.07
Directors. — Charles Hartshorne. Israel W. Morris,
Charles Steele, Edward T. Stotesbury, Wm. H. Sayre,
S. D. Warriner. Officers: Alfred Walter, Pres.;
W. H. Sayre. Vice-Pres. ; David G. Baird, Sec.; W.
C. Alderson, Treas. ; Isaac McQuilkin, Compt., Phila-
delphia, Pa. Office, 228 So. 3d St., Philadelphia, Pa.
Morris Canal and Banking1 Co.— Length of
Canal— Jersey City, N. J., to Phillipsburg. N. J.,
102.38 m., with the following feeders: Lake Hopat-
cong, in Morris Co., 0.5 m., and Pompton feeder, in
Passaic Co., 3.6 m.— total, 106.48 miles. Leased for
999 years from April 1, 1871, to the Lehigh Valley
RR. Co., the lessee assuming bonds and paying 10
p. c. per annum on preferred stock and 4 p. c. on
consolidated stock. Capital stock (eonsol. 4 p. c.
guaranteed, $1,025,000; preferred 10 p. c. guaranteed,
$1,175.000), $2.200,000 funded debt (1st 6s of Oct.
1. 1920, int. A. & O.1, $500.000 — total. $2,700.000.
Alfred Walter, Pres.; J. R. Fanshawe. Sec. & Treas.;
Isaac McQuilkin, Compt., Philadelphia, Pa. Office,
Jersey City, N. J.
19. Board of Directors, Lehigh Valley RR. Co., elected January 21, 1902.
EBKN B. THOMAS, Chairman of Board New York, N. Y.
Abram Nesbitt Wilkesbarre, Pa.
H. McK. Twombly.New York, N. Y.
E. B. Thomas "
George P. Baker. . . "
ALFRED WALTER, President Philadelphia, Pa.
rtrottei — Isaac McQnilkin Philadelphia, Pa. I Secretary — John R. Fanshawe Philadelphia, P».
surer— William C. Alderson " | Asst. Secretary— TO,. Y. Hartshorne
PRINCIPAL OFFICE AND ADDRESS No. 228 South Third St., Philadelphia, Pa.
Beauveau Borie — Philadelphia, Pa
Joseph Wharton. . .
E. T. Stotesbury...
Irving A. Stearns Drifton, Pa.
J. Rogers Maxwell. New York, N. Y.
George F. Baer Reading, Pa.
R. C. Lippincott... Philadelphia, Pa.
Charles Steele New York, N. Y.
NEW YORK CENTRAL AND HUDSON RIVER RAILROAD SYSTEM.
The following are the railroads embraced in this system on June 30, 1901. Full par-
ticulars respecting each road will be found in the separate statements therefor appended :
New York Central and Hudson River Railroad 3,857.37 miles.
Dunkirk, Allegheny Valley and Pittsburg Railroad 90.60
St. Lawrence and Adirondack Railway 56.40
Fulton Chain Railway 2.00
Raqiiette Lake Railway 18.13
Susquebanna and Clearfield Railroad 23.10
Toronto, Hamilton and Buffalo Railway 83.87
Lake Shore and Micbigan Southern Railway 1,413.44
Cleveland, Cincinnati, Chicago and St. Louis System 2,287.10
Lake Erie and Western Railroad and Northern Ohio Railway 890.00
New York, Chicago and St. Louis Railroad 523.02
Pittsburgh and Lake Erie Railroad 180.09
Michigan Central Railroad and Canada Southern Railway 1,635.48
Total mileage of the system, June 30, 1901 10,560.60 miles.
The Dunkirk, Allegheny Valley and Pittsburg RR. is leased to the New York Central
and Hudson River RR. Co. for 501 years from Dec. 1, 1872, but is operated by the Lake Shore
and Michigan Southern Ry. Co. as agent for the lessee. Its operating and financial statistics
are not included in the lessee's statement, although the rental paid under the lease is charged
against net income in the statement in Sec. 5. The St. Lawrence and Adirondack Ry.,
the Fulton Chain Ry. and the Baquette Lake Ry. are operated by the New York Central and
Hudson River RR. Co., as agent for the owners, but their statistics are not included in the
8
114
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
accounts of the operating company. The Susquehanna and Clearfield RR. Co. has been con-
solidated with other companies under the name of Beech Creek Extension RR. Co., and a
lease has been made to the New York Central and Hudson River RR. Co. The Susquehanna
and Clearfield pection ia operated by the Pennsylvania RR. Co. pending the completion of the
road. The other controlled railroads named in the mileage statement are operated by their
own organizations.
The Lake Shore and Michigan Southern Ry. Co. and the Michigan Central RR. Co. are
controlled directly by the New York Central and Hudson River RR. Co. through ownership
of a large majority of their capital stocks. The Lake Shore and Michigan Southern Ry. Co.
controls the Cleveland, Cincinnati, Chicago and St. Louis Ry. Co., the Lake Erie and Western
RR. Co., the N. Y,, Chic, .and St. Louis RR. Co. and the Pittsburgh and Lake Erie RR. Co.
The Toronto, Hamilton and Buffalo Ry. is controlled by the N. Y. C. & H. R. RR. Co.,
by virtue of the latter's ownership of the Michigan Central RR. and of the agreement between
the Michigan Central RR. Co. and the Canada Southern Ry. Co. Of the five corporations
which divide the control of the Toronto, Hamilton and Buffalo Ry., the New York Central,
the Michigan Central and the Canada Southern are three.
NEW YORK CENTRAL AND HUDSON RIVER RAILROAD COMPANY.
(For map of this railroad, see page 117.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Advances to Other Companies.. 13
Bonds and Stocks Owned 15
Boston & Albany— Operations.. 6
Capitalization and Cost 3
Capital Stock, Description of . . . 9
Direct ors and Officers 19
Dividends and Interest Received. 15a
Equipment 4
Funded Debt, Details of 10
General Balance Sheet, 1901 .... 8
General Balance Sheet. 1895-1901 14
History 2
Income Account. Yoir 1900-01 . . 5
Interest and Dividends Received 15a
Income from Securities Owned. . 15a
Interest on Funded Debt, Details 5a
Leased Lines, Statements for. . . 16
Mileage Operated, June 30, 1901. 1
Mileage Owned and General Bal-
ances, 1895-1901 14
Mileage Owned, 1895-1901 14
Operations, B.& A. RR.,ty ear 1901 6
Operations and Income,! 895-1901 7
< (pi-rations, System E. of Buffalo 5
Other Property, Ownership of . . 12
Proprietary Interests 11
Proprietary and Leased Lines,
Statements for 16-18
Rental of Leased Lines. Details. 51)
Rolling Stock, June 30. 1901. . . 4
Rolling Stock, Years 1899-1901.. 4b
Stocks and Bonds Owned 15
Taxes, Details of 5c
1. Mileage Operated. June 30, 1901. — A. LINES OWNED (total, 819.45 miles).
Main Line : New York, N. Y., to Buffalo, N. Y 441.75 miles.
Troy and Schenectady Branch : Troy to Scheneci^dy, N. Y 21.00 "
Auburn Road : Syracuse to Rochester, N. Y 104.00 "
Batavia and Attica Branch : Batavia to Attica, N. Y 11.00 "
Niagara Bridge and Canandaigua Br. : Canandaigua to Niagara River, N. Y. 87.58 "
Niagara Falls Branch : Rochester to Niagara Falls, N. Y 74.75
Tonawanda Branch : Lockport Junction to North Tonawauda, N. Y 12.25
Charlotte Branch : Rochester Junction to Charlotte, N. Y 6.88
Buffalo and Lewiston^Branchj Buffalo to Lewiston, N. Y 30.29
!.'.'..'!!.'.'.'.'.'!! 1400
8.28
Buffalo Belt Line : East Buffalo to North Buffalo, N. Y..
Geneva and Lyons Branch : Geneva to Lyons, N. Y
Syracuse Junction Branch : De Witt to Geddes, N. Y
B. LEASED LINES (total, 2,403.76 miles).
Beech Creek RR 160.26 m.
Boston & Albany RR 305.83 m.
B. & A. Leased Lines 71.90 m.
B. & A. Trackage Rights 16.50 m.
Carthage & Adirondack Ry. . . 46.10 m.
Fall Brook Ry 101.34 m.
Gouv. & Oswegatchie RR 13 05 m.
Mohawk & Malone Ry 181.50 m.
New Jersey Junction RR 4.85 m.
New York'& Harlem RR 135.90 m.
Pine Creek Ry 74.80 m.
Brought forward 1,112.03
New York & Putnam RR 57.16
Mahopac Falls RR 4.05
Rome, Watertown & Ogdensb. RR. 409.70
R., W. & O. Leased Lines 214.65
Spuyten Duyvil & Port Morris RR.
Syracuse, Geneva & Corning Ry. . .
Tivoli Hollow RR
Troy & Greenbush RR
Wailkill Valley RR.
6.04
64.82
1.23
6.00
32.88
West Shore RR. . 495.20
C. OPERATED UNDER CONTRACT OTHEB THAN LEASE (total, 27.17 miles).
Terminal Ry. of Buffalo : Depew to Blaisdell, N. Y 11-00
Pittsburgh and Eastern RR.: Mahaffey to Arcadia, Pa 13.11
Buffalo Erie Basin RR.: Main Line to Erie Docks, Buffalo, N. Y 0.25
New York Central Niagara River RR.: Main Line to Niagara River 2.81
(Continued on next page.)
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 115
Brought forward 3,250.38 miles.
D. TRACKAGE RIGHTS (total, 106.99 miles).
Delaware and Hudson Co.: Albany to Troy, N. Y
Delaware and Hudson Co.: Kenwood Junction to Albany, N. Y.
Troy Union SB.: In Troy, N. Y
Buffalo Creek RR.: In Buffalo, N. Y
Erie MR. Montgomery to Campbell Hall, N. J
Erie RR.
Erie RR.
Lawrenceville to Blossburg, Pa.
Blossburg to Morris Run, Pa
New York, Ontario and Western Ry. : Fulton to Oawego, N. Y
Pennsylvania RR.: Sterling Junction to Jersey City, N. J
Pennsylvania RR. : MakafiVy to Patton, Pa
Pennsylvania RR. : M«in Line to Mines
Philadelphia and Reading Ry.: Newberry Junction to Williamsport, Pa
Pennsylvania and Northwestern RR.: McGee's Jc. to Canoe Creek Jc., Pa. . .
7.10
1.69
1.42
5.03
4.78
25.50
3.58
12.20
1.29
20.39
9.10
3.54
11.37
Total length of lines operated, June 30, 1901 3,357.37 miles.
la. Statement of track mileage of the N. Y. C. & H. R. RR. on June 30, 1901 :
DIVISIONS AND BRANCHES.
Main
Track.
2d Tr'k.
3d Tr'k.
4thTr'k.
Sidings.
Total
Track.
LINES OWNED.
New York to Rensselaer ...
M.
14400
M.
143.36
M.
31.46
M.
M.
111.03
M.
429 85
Rensselaer to Buffalo
297 75
297.33
287.90
287.65
473.66
1 644 29
Total Length of Main Line Owned
441.75
440.69
319.3H
287.65
584.69
2,074.14
Branches Owned
377 70
71 53
247 94
697 17
Total Mileage Owned
810.45
512.22
319.36
287.65
832.63
2,771 31
LINES LEASED.
Troy and Greenbush RR
600
5.56
11.70
23 26
Spuyten Duyvil and Port Morris RR
6.04
6.04
2.30
14 38
New York and Harlem RR
126.96
22.33
12.40
12 17
54.94
228.80
Branches of New York and Harlem RR
8.94
6.73
1567
West Shore RR
425 00
338.78
4.61
255 77
1 024 16
Branches of West Shore RR
70 80
12.67
82 87
New Jersey Junction RR
4 51
4.33
2.80
2 04
2.17
15 85
Branch of New Jersey Junction RR
034
0.34
Rome, Watertown and Ogdensburg RR
304.47
4.95
105.42
41484
Rome, Watertown and Ogdensburg RR., Leased Lines.
198.78
54.22
25300
Branches of R..W. & O. and U. &B.R. RRs
121.10
33 48
154 58
Mohawk and Malone Ry
173 10
46 00
219 10
Branches of Mohawk and Malone Ry
8.40
3.08
11.48
Carthaire and Adirondack R}r
46.10
11 33
5743
Gouverneur and Oswe^atctiie RR.
13.05
3.56
16 61
New York and Putnam RR
54.06
5.14
12.40
71 60
Branches of New York and Putnam RR
7.15
3.06
0.43
1064
Tivoli Hollow RR
1 23
044
1.67
Wallkill Valley RR
3-2.88
5.58
38.46
Syracuse, Geneva and Corning Ry ....
57.75
31.02
88 77
Branch of Syracuse, Geneva and Corning Ry
7.07
363
10 70
Fall Brook Ry
53.00
2.12
41.60
96 72
Branches of Fall Brook Ry
48.34
9.45
57 79
Pine Creek Ry
74.80
5.82
40.83
121.45
Beech Creek RR
113.02
3.62
45.66
162.30
Branches of Beech Creek RR
47.24
30.45
77 69
Boston and Albany RR
201.05
201.65
16.83
16.81
203.80
640.74
Branches and Leased Lines, B. & A. RR
192.58
16.00
78.82
287 40
Total Length of Main Lines Leased
1,892.40
600.34
36.64
31.02
928 74
3 489 14
Total Length of Branches Leased
511.36
19.06
178.74
709 16
Total Mileage of Leased Lines
2,403.76
619.40
36.64
31 02
1 10748
4 198 30
Grand Total, Owned and Leased
3,223.21
1,131.62
356.00
318 67
1,94011
6,969 61
Lines Operated under Contract
27.17
11.00
4.46
42 63
Lines Operated under Trackage Rights
106.99
18.36
12535
Grand Total Mileage Operated. .
3,357.37
1,160.98
356 00
318 67
1 944 57
7 137 59
Gauge, 4 ft. 8£ in. Rail (steel), 60 to 100 Ibs.
2. History.— Consolidation, Nov. 1, 1869, of the New York Central RR. Co. and the
Hudson River RR. Co. (see MANUAL for 1890, page 110). The lease of the Troy and Green-
bush RR. was inherited from the Hudson River RR. Co.; the other leases have been acquired
116 POOR'S MANUAL OF RAILKOADS — MIDDLE ATLANTIC GROUP.
from tfme to time by the consolidated company. Their terms are outlined in the subjoined
statements for the several leased roads (see also MANUAL for 1901, page 122). The company
owns or holds in trust all the capital stock of the Carthage and Adirondack Ry. Co., Gov-
erneur and Oswegatchie RR. Co., Mohawk and Malone Ry. Co., New Jersey Junction HR.
Co., New York and Putuam RR. Co., Mahopac Falls RR. Co., Pine Creek Ry. Co., Niagara
Falls Branch RR. Co., and West Shore RR. Co., all the stock and all the bonds of the Wall-
kill Valley RR. Co., a majority of the stock of the Carthage, Watertown and Sackets Har-
bor RR. Co., Utica and Black River RR. Co., and Syracuse, Geneva and Corning Ry. Co.,
and a majority of both stock and bonds of the Dunkirk, Allegheny Valley and Piitsburg RH.
Co. The Dunkirk, Allegheny Valley and Pittsburg RR. is leased for 501 years, from Dec.
1, 1872, but its mileage and operations are not included in this statement as separaie
accounts have been kept and an independent statement prepared in its behalf. On Oct. 1,
1901, the operation of the Dunkirk, Allegheny Valley and Pittsburg RR. was turned over to
the Lake Shore and Michigan Southern Ry. Co. as agent for the N. Y. C. & H. R. RR. Co.,
lessee.
The Terminal Ry. of Buffalo is owned jointly by this company and the Lake Shore and
Michigan Southern Ry. Co., while the Pittsburgh and Eastern RR. is owned jointly by this
company and the Pennsylvania RR. Co. This company controls the Lake Shore and Michi-
gan Southern Ry. Co. and the Michigan Central RR. Co., through the ownership of more
than 91 p. c. of the capital stock of the Lake Shore and of about 88 p. c. of the capital stock
of the Michigan Central. This company's interest in the Cleveland, Cincinnati, Chicago and
St. Louis Ry. Co. and in the Lake Erie and Western RR. Co. was disposed of during the
year ending June 80, 1901, to the Lake Shore and Michigan Southern Ry. Co.
3. The following is a financial summary a.s of June '!0, 1901, of the New York Central
and Hudson River RR. and leased lines (exclusive of the Dunkirk, Allegheny Valley and
Pittsburg RR.) :
CORPORATE TITLE.
Road
Miles.
CAPITALIZATION.
Capitali-
zation per
Mile of
Koad.
Cost of
Road and
Equip-
ment.
Cost per
Mile of
Road.
Stock.
Bonds.
Total.
New York Central and Hudson River RR.
Troy and Greenbush RR
M.
819.45
6.00
6.04
t 145. 61
495.20
4.85
32.88
409.70
150.38
26.89
8.57
28.81
160.26
181.50
46.10
13.05
57.16
4.05
1 23
$
115.000,000
275,000
989,000
10,000,000
10,000,00<>
100.000
330.000
10,0(10.000
$1,103,000
225,000
250.000
487,345
5,665,000
4,500,000
500.000
350,000
6,500,000
100,000
32.500
8
*78,358.096
$
193,358 096
275,000
989,000
22.000,000
60,000,000
1,800,000
910,000
20,773.800
3.053.000
975,000
250,000
787,345
11. lfi5.0tVi
10,900,000
1,600,000
650,000
100,000
32,500
5,000,000
4,500,000
2,389,600
32,485.000
750,000
450.000
100,000
235.901
45,833
163.742
151,089
121,163
371,134
27.67H
50,705
20.302
SO. "259
211.17!
27,3-29
69,668
60,055
34,707
49,808
205,126
24.691
2f!.423
49.349
60.160
106,219
15,196
24.259
25,000
183,659.202
275,000
989,000
22,220.72r
G0,000.0l «
1,730,28
946.87:-
18,200,476
4,868,22
964,9(K
243,751,
775,112
11,161,559
10.900,000
1,999,879
650.0CO
11.700,000
100,112
33.MD
5,100,539
4,708.229
3,030.20>
31,587,885
1,115,164
100,000
8
224,125
46,888
US3.7J2
l.VJ.Wl
121.163
4,608
-N.798
14,424
29.048
35,883
28.443
26,904
89,647
34.69!
204,689
!4,719
26,488
50,331
46.748
103.280
22.597
Spuyten Duyvil and Port Morris RR
New York and Harlem RR
12,000,000
50,000,00t>
1,700,000
580,000
10,773.800
1.950.000
750,000
West Shore RR
New Jersey Junction RR. . .
Wallkill Valley RR
Rome, Water-town and Ogdensburg RR. . .
Utica and Black River RR
Oswego and Rome RR
Niagara Falls Branch RR
Cart hage,Watert''n and Sackets Harbor RR
Beech (.'reek RR
300,006
5,500,000
6,400,000
1,100.000
300.000
5.225,000
Mohawk and Mnlone Ry
Cartha'rc and Adirondack Ry
Gonverneur and Oswegatchie RR
New York and Putnam RR
Mahopac Falls RR
Tivoli Hollow RR
Fall Brook Ry
101.34
5.000,000
Pine Creek Ry.. . .
74.80
64.82
§305.83
49.35
18.55
4.00
1,000,000
1,325.000
25,000,000
750,000
450,000
100,000
3.500,000
1,064,600
7,485,000
Syracuse, Geneva and Corning Ry
Boston and A lhany RR
Ware River RR
Pittsfleld and North Adams RR
North Brookfleld RR
Totals
3,216.42
200,031,845
186,986,496
387,018341
120,326
376,599.025
117,086
* Does not include $100,014,485 collateral bonds, issued in purchase of stock of the Lake Shore &
Michigaji Southern By. Co. and the Michigan Central RR. Co., nor $5,500,000 debentures of 1900, as they
have no bearing on the cost of this company's road or equipment.
t Includes 9.71 miles of street surface line, not operated by the New York Central & Hudson River
RR. Co.
t Does not include $1,120,000 issued but subsequently retired and now held in treasury; a like amount
of Rome, Watertown & Ogdensburg stock having been issued in lieu thereof.
§ Does not include 16.50 miles operated under agreements.
117
118
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
4. Rolling Stock, June 30, 1901. — Locomotives, 1;602. Cars — passenger (1st class, 951;
2d class, 175), 1,126 ; combination, 178 ; dining, 21 ; immigrant, 143 ; parlor and sleeping, 11;
baggage, mail, and express, 425; other cars, 139; freight (box, 37,120; flat, 4,757; stock,
1,423; refrigerator, 100; coal and coke, 17,901), 61,301 ; service, 2,498— total, 65,842.
la. Floating Equipment, June 30, 1901. — Propellers, 5 ; tugs, 18 ; steam hoisting barges,
9 ; hand hoisting barges, 19 ; covered barges, 71 ; grain boats, 30 ; car floats, 35 ; ferryboats,
7— total, 194.
4fo. Statement of equipment owned and leased by the N. Y. C. & H. R. RR. Co. on June
30, 1899, 1900 and 1901, the last year's figures including Boston and Albany equipment. A
statement of equipment owned and leased on June 30, 1894 to 1900 is in the MANUAL for
1901, on page 123.
1899
1900
1901
1899
1900
1901
1899
1900
1901
Locomotives . .
Pass Tr Cars
1,255
1,303
1,602
Frg Tr. Cars :
Box
31,257
35,383
37,120
Wk. Tr. Cars :
Ballast
150
250
612
Coaches
970
893
1,126
Flat, Common
3,842
4,125
4,499
Derrick
34
38
48
Combination
121
115
178
Flat, Steel
156
258
Cranes
4
6
16
Immigrant . .
10
107
143
Stock
1,408
1,435
1,423
Other Rd. Cars
270
393
837
Dining
15
15
21
Coal &Coke..
13.732
17,331
17,901
Miscellaneous
28
309
2
2
11
101
100
100
Ma.,Ex.&Bag
345
348}
425
Caboose
557
529
661
Totals
458
715
1,822
Officers'* Pay
Other
10
100
10
130
15
1391
Tugs & Propel.
20
23
23
Totals
1,573
1,620*
2,058
Totals
50,897
59,059
61,962
Ferryboats
7
7
7
The company has 11 elevators with an aggregate capacity of 7,924,000 bushels of grain.
5. Operations of entire system east of Buffalo, year ending June 30, 1901. — Train
mileage: Passenger, 20,358,666; freight, 18,632,647; mixed, 375,059; work, 2,676,935—
total, 42,043,307 miles. Passengers carried, 40,431,311; carried one mile, 1,145,721,536;
average earnings per passenger per mile, 1.82 cents. Tons of revenue freight moved,
42,401,356; moved one mile, 6,606,890,325; average earnings per ton per mile, 0.59 ceut.
Tons of company freight moved, 6,883,668 ; moved one mile, 766,358,519.
(3,357.37 miles operated.)
Earnings— Passenger $20,866.356 90
Freight 39,550,399 00
Mail and Express 3,760,615 528
Rentals and Other 2.155,739 58
Total ($19,757.46 per mile) $66,333,110 76
Net Earnings (,35.8 p. c.) $23,744,894 96
Dividend on L. S. & M. S. Stock 3,170,24400
Dividend on Michigan Central Stock 663,824 67
Income from Other Securities 584,284 02
Interest on Loans, Notes, and Deposits. . . 84,692 09
Profits from Sundry Accounts 27,248 90
Expenses— Maint. of Way and Structures. $7,818,966 18
Maintenance of Equipment 7,832,938 75
Conducting Transportation . . . 25,377,972 35
General 1,558,338 52
Total ($12,684.99 per mile) $42.588,215 80
Interest on Funded Debt (see Sec. 5b).. .. $7,624,934 16
Reutals of Leased Lines (see Sec. 5cj 9,204,018 53
Taxes (see Sec. 5d) 3,200,839^0
Interest on Loans, Notes, and Bills 142,613 56
Reserve for 4 p. c. Debentures 300,000 00
Dividends, 5 p. c 5,750.000 00
Total, Net Income $28,275,188 64 Total Payments $28.283,005 45
Surplus, $1,992,183.19; add profit on sale of property, $143,500; surplus from last
year, $11,754,889.38— total, $13,890,572.57. Deductions : Special improvement fund,
$1,500,000 ; payments incident to refunding bonded debt, $94,719.18 ; payment for Beech
Creek RR. equipment, out of accumulated surplus earnings of that road, $501,875 ; sundry
uncollectible charges, $23,985.02— total, $2,120,579.20. Balance to credit of profit and loss,
June 30, 1901, $11,769,993.37.
5a. Interest on Funded Debt.— On 1st mtge. 7s of 1903, $1,290,429.83; on 1st
mtge. £6s of 1903, $350,212.72; on debenture 5s of 1884-1904, $236,541.22; on debenture
5s of 1889-1904, $32,732.41 ; on gold debenture 4s of 1905, $220,789.15 ; on extended debt 4«.
of 1905, $149,440.90; on gold mtge. 8*8 of 1997, $1,314,070.33; on Lake Shore collateral
8*8 of 1998, $3,170,244; on Michigan Central collateral 3|a of 1998, $667.973.61 ; on deben-
ture 3£s of 1900-2000, $192,500— total, $7,624,934.16. The amounts outstanding, upon
which this interest was accrued, changed constantly, because of the operation of the
refunding plan.
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 119
5fo. Statement showing the details of rental payments for the year ending June 30, 1901 ;
also the amounts paid as taxes on the capital stocks of the leased lines :
RAILKOADS.
Interest
on
Funded
Debt.
DIVIDENDS
ON STOCK.
Sinking
Fund.
Cash
Rental.
Total
Rentals.
State Tax
on
Capital
Stock.
Rate.
Amount.
New York and Harlem RR
$
420,000 00
p. c.
10
8
7
1*
$
1,000,00000
79,120 00
19,250 00
19,500 00
$
9
$
1,420,00000
79,120 00
19,250 00
234,666 65
2,000,000 00
68,000 00
1,070,878 83
17,500 00
44,500 00
159,710 00
39,824 71
295,00000
44,000 00
15,00000
221,000 00
31,850 00
451,933 33
175,000 00
156,405 01
245,000 00
2,337,980 00
22,500 00
52,500 00
3,00000
$
19,996 18
1,978 00
48020
""1442
' '14,204 55
43750
8438
1,930 25
73101
675
075
750
975
49500
30,382 00
11,32475
1,987 50
2,631 00
469,659 78
9,900 27
23,989 28
Spuytnn Duyvil & Port Morris RR.
Troy and Greenbush RR
Dunkirk, Allegn. Val. & Pitts. RR.
West Shore RR
214,666 65
2,000,000 00
50000
New Jersey Junction RR
Rome, Watertown & Ogdens'g RR.
Niagara Falls Branch RR. . .
68,000 00
557,878 83
..„..
7
5
7
500,000 66
17,500 00
20,00000
77,210 00
'"i3,bbo66
Oswego and Rome RR.
24,500 00
78,000 00
Utica and Black River RR
Carth.,Watert'n & Sack. Har.RR.
Mohawk and Malone Ry
4,50000
39,824 71
295,000 00
44,00000
Carthage and Adirondack RR
Gouverneur and Oswegatchie RR..
15,000 00
New York and Putnam RR.
221,00000
Wallkill Valley RR
20,300 00
225,000 00
8J
4
11,55000
226,600 00
Beech Creek RR
33333
175,000 00
46,375 00
a5,ooooo
2,000,000 00
Fall Brook Ry
Syracuse, Geneva and Coming Ry .
Pine Creek Ry
63.687 50
210,000 00
46,342 51
Boston and Albany RR
Pittsfleld and North Adams RR.
Ware River RR
337,980 00
......
7
'"22,500 66
52,500 00
North Brookfleld
3,00000
Totals
4,795,01298
2,045,730 00
46,342 51
2,317,533 04
9,204,618 53
590,200 82
5c. The taxes on capital stock of leased lines are paid by the lessee. In its reports for
years previous to 1900 the lessee treated them as part of the rentals. In addition to the
amounts shown in the preceding statement, the following payments were made : On capital
stock of N. Y. C. & H. R. RR. Co., $158,058.53; on capital stock of New York Central Niagara
River RR. Co., $7.50; on capital stock of Buffalo Erie Basin RR. Co., $7.50; on capital
stock of Tonawanda Island Bridge Co., $1.50 ; on capital stock of Mahopac Falls RR. Co.,
$7.50 ; on capital stock of Tivoli Hollow RR. Co., $1.50. Total amount of taxes on capital
stocks, $748,284.85. Other tares were as follows: On bonds (Pine Creek Ry., $969.80;
Beech Creek RR., $929.60). $1,899.40; on earnings, including those paid for leased lines,
$103,046.89; on real estate, including those paid for leased lines, $2,339,094.02; internal
revenue tax, $68,514.04— total, $3,260,839.20.
6. The following statement shows the result of the financial operations of the Boston
and Albany RR. for the year ending June 30, 1901, which are not included in the state-
ments covered by Section 5 :
(394.23 miles operated.)
Earnings— Passenger $4,128,012 77
Freight 4,739,885 82
Mail and Express 615,504 57
Miscellaneous 447,993 25
Total (525,191.88 per mile) §9,931,39641
Expenses— Maint. of Way and Structures.. $1,108,773 32
Maintenance of Equipment . . . 1,114,793 10
Conducting Transportation 3,967,447 02
General Expenses 234,558 01
Total ($16,299.04 per mile) $6,425,571 45
Net earnings (35.31 p. c.), $3,505,824.96; interest on deposits, $14,929.58— total, $3,520,-
754.54. Payments : Cash rental, $2,000,000 ; interest on funded debt, $337,980 ; rentals of
leased lines, $78,000; taxes (on real estate, $381,681.32; on capital stock, $503,549.33; on
gross earnings, $998.58 ; internal revenue tax, $12,243.33), $898,472.56— total, $3,314,452.56.
Net profit to lessee, $206,301.98.
In the annual report of the New York Central and Hudson River RR. Co. no comparison
is made with the operations of the Boston and Albany RR. for the year ending June 30, 1900,
the company being responsible as lessee of that road only from July 1, 1900 ; but in the
MANUAL for 1901, on page 131, will be found comparative statistics for the Boston and
Albany RR. covering the eight fiscal years ending June 30, 1898-1900, inclusive.
7. Statement of operations for seven fiscal years ending June 30, 1901; the statistics of
the Beech Creek RR. and of the Wallkill Valley RR. being included for the entire period,
and those of the Fall Brook, the Pine Creek, and the Syracuse, Geneva and Corning Rys.,
120
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
after May 1, 1899. The statistics of the Boston and Albany RB. are not included for year
ending June 80, 1901 :
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated.. .
Passenger Train Miles..
Freight Train Miles
Mixed Train Miles
Tot. Rev. Train Miles.
Passengers Carried
Passenger Mileage
Freight (tons) Moved...
Freight (ton) Miles. ...
Earnings— Passenger. . .
Freight
Other
2,575.09
14,277,639
13,565,821
320,989
2,577.49
14,840,342
14,779,293
415,038
2,585.25
14,917,127
14,407,637
438,414
2,585.14
15,322,615
15,652,402
449,624
2,828.68
15,596,144
15,279,657
363,923
2,817.14
16,820,180
16,609,622
348,700
2,828.98
17,340,600
10,200,364
353,573
28,164,449
24,135,573
690,916,321
23,107,505
3,641,204,430
S
13,081,568
25,550,304
4,599,977
30,034,673
24,254,409
729,040,861
25,804,303
4,217,710,674
13,826,935
27,305,962
4,804,301
29,763,178
23,511,170
649,468,452
24,646,457
4,171,760,313
$
13,216,165
27.289,068
4,694,232
31,424,641
24,422,266
716,866,821
28,532,357
5,014,190,846
13,372,780
29,061,186
5,050,666
31,239,724
24,990,007
760,126.301
41,753.584
5,255,353,899
S
13,880,515
29,280,135
4,963,366
33,778,502
27,816.343
848,704,035
37,586,406
6,117,572,625
$
15,464,294
34,273,141
4,825,517
33.894,537
30.3ls.735
91. \024.S53
37,403,122
6,036,548,335
$
16,7-38,344
34,810,513
4,852,857
Total Earnings
43,231,849
28,069,951
46,027,198
29,510,266
45,199,465
28,386,771
47,484,632
30,391,882
48,124,016
30,171,157
54,562,952
34,051,586
56,401,714
36,162,644
Operating Expenses. . . .
Net Earnings
15,161,898
679,799
16,516.932
674,119
16,812,694
665,735
17,092,750
2,251,471
17,952,859
4,336,252
20,511,366
4,716,744
20,239,070
4,515,364
Other Receipts
Net Income
15,841,697
12,679,824
(4^)4,339.990
de/.l,178,117
16,788 48
10,900 57
5,887 91
64.93 p. c.
1.89 c.
0.70 c.
17,191,051
13,014,304
(4) 4,000,000
176,747
17,857 37
11,44923
6,408 14
64.11 p. c.
l.!>0 c.
0.65 c.
17,478,420
13,303,537
(4) 4,000,000
174,892
17,483 59
10,980 28
6,503 31
62.80 p. c.
1.90 c.
0.65 C.
19,344,221
14,500,587
(4) 4,000,000
843,634
18,368 30
11,756 38
6,611 92
64.00 p. c.
1.87 C.
0.58 c.
22,289,111
16,601,236
(4) 4,000,000
1,687,S75
17,012 89
10,666 16
6,346 73
62.69 p. C.
1.83 c.
0.56 C.
25,228,110
17,249,083
(4})4,937,500
3,041,527
19,368 21
12,087 29
7,280 92
62.41 p. C.
1.82 c.
0.56 c.
24,754,434
17.218,553
(5) 5,750,000
1,785,881
19,937 12
12,995 02
6,942 10
64. 12 p. C.
1.83C.
0.58 C.
First Charges, etc
Dividends
Balance, Surplus
Gross Earnings per Mile
Operating Exp. per Mile
Net Earnings per Mile..
Expenses to Earnings..
Av. Rate p. Pass. p. M..
Av. Rate p. Ton. p. M..
In the MANUAL for 1900, on page 129, there is a table for the seven fiscal years 1893-
1899, showing the operations, etc., given in the Annual Reports of the N. T. C. & H. R. RR.
Co. , which exclude the statistics of the Beech Creek, the Wallkill Valley, the Fall Brook,
the Pine Creek, and the Syracuse, Geneva and Corning.
8. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $184,447,913 26
Proprietary Interests (see Sec. 11) 114,724,02977
Other Property (see Sec. 12) 13,269,216 14
Advances (see Sec. 13) 7,371,02613
Securities Acquired from Lessor Cos..
Sink. Fund for Gold Deben. of 1890...
Capital Stock ($100 shares) $115,000,00000
Funded Debt Outstanding 193,772,94054
Bonds and Mortgages on Real Estate.. 157,00000
Interest and Rentals Accrued 5,885,11200
Fuel and Supplies on Hand 4,083,30699
Cash Charged Treasurer 5,721,202 12
Traffic Balances Receivable 3,597,053 40
Sundry Collectible Accounts 5,034,21615
3,039,713 00 Securities in Trust for Lessor Cos
1,506,905 68 ! Dividends and Interest Unclaimed....
Dividend Payable July 15, 1901
3,039,713 00
76,653 89
1,437,500 00
Wages and Supplies 3,946,971 48
Traffic Balances Payable 1,582,63320
Sundry Accounts Payable 579,907 95
Advances by Lessor Companies 3,724,448 33
Special Improvement Fund 1,821,708 88
Profit and Loss (Excess over Liabilities) 11,769,993 37
Total Assets $342,794,582 64 Total Liabilities $342,794,58264
9. Capital Stock. — The $115,000,000 capital stock as above includes $4,900 of consolidation
certificates not yet converted. Amount of capital stock issued per mile of road owned, $140,338.03. Cost of
road per mile owned, $169,567.56; cost of equipment per mile of road owned, $54,557.40 — total cost per mile,
$224.124.96.
On Jan. 15, 1902, the authorized capital stock was increased from $115,000,000 to $150,000,000, and
$17,500,000 of the additional stock has been sold to the stockholders of the company at the rate of $125
per share. The proceeds are to be used in part for increasing the terminal facilities of the company in the
city of New York including enlargement of the Grand Central Station yard and additional tracks for
suburban traffic; for new elevator, docks and other improvements at Weehawken; for construction and
equipment expenditures on the main line and on leased lines, and for other corporate purposes.
At the New York office the treasurer transfers stock, pays dividends on stock issued in America, transfers
registered bonds, and pays interest on coupon and registered currency bonds. The Union Trust Co. of New
York registers stock issued in America. The London agents, J. S. Morgan & Co., pay dividends on stock issued
in England. The Union Bank registers stock issued in England, and pays interest on sterling bonds. Divi-
dends on stock registered in London are payable in gold.
10. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $193,772,940.54 83 per
general balance sheet — consisted of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
and the details of funded debt outstanding on or about Aug. 1, 1902, will b« found in th« Ready Referent*
Bond List— see General Index.
$18,330,000.00 1st 7a of Jan. 1, 1903, int. J. & J.
5,775.761.32 1st £ 6s of Jan. 1, 1903, int. J. & J.
4,528,000.00 Deben. 5s of Sept. 1, 1904, int. M. & S.
649,000.00 Dehen. 5s of Sept. 1, 1904, int. M. & S.
5,251,000.00 Gold Debent. 4s of June 1, 1905.
$3,662,500.00 Ext. Debt gold 4s of May 1, 1903.
40,161,834.22 Gold Mtge. 3£s of July 1, 1997. int. J.&J.
90,578,400.00 Lake Shore Coll. g. 3Js of Feb. 1, 1998.
19,336,445.00 Mioh. Cent. Coll. g. 3Js of Feb. 1, 1998.
5,500,000.00 Debent. 3Js of July 1, 2000, int. J. & J.
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER RR. CO. 121
Excluding the Lake Shore and Michigan Central collateral bonds, the amount of bonds outstanding
per mile of road owned, 819.45 miles, amounted to $95,622.79 on June 30, 1901.
FIRST MORTGAGE BONDS. — Amount authorized of dollar bonds is $30,000,000; of sterling bonds, £2,000,000.
DEBENTURE 5 P. c. BONDS. — These debentures rank after the 1st mtge. bonds, and it was provided that
they should be included iii any mortgage placed upon the company's property prior to July 1, 1902. The
debentures of 1889 have a conversion privilege under which the holders may receive stock at par, instead of cash,
for the bonds at maturity, in the event of the company replacing its 1st mtge. bonds with an issue of stock.
DEBENTURE 4 P. c. BONDS. — It was provided that these debentures should be specifically provided for in any
subsequent mortgage up to 1905. Each certificate must be countersigned by the Union Trust Co. as registrar.
EXTENDED DEBT CERTIFICATES. — Originally dated Aug. 1, 1853, and fell due May 1, 1883, when they were
extended for ten yeara with interest at the rate of 5 p. c. per annum. On May 1, 1893, they were extended
to May 1, 1905, the rate of interest being reduced to 4 p. c., and both principal and interest made payable
in gold.
GOLD MORTGAGE BONDS OF 1897. — Secured on the entire property of the company, whether now owned or
hereafter acquired. The authorized issue is $100,000,000, of which $15,000,000 cannot be issued before Jan.
1, 1904, and then at a rate not exceeding $1.000,000 yearly, for additions and betterments to the property.
The remaining $85,000,000 were authorized for the purpose of retiring $70,377,333.33 of outstanding 1st mtge.
bonds, extended debt certificates and debentures, at or before their maturity, $14,622,666.67 of such new bonds
being provided to meet any premium necessary to retire the prior issues; such premium to be determined by
computing the present worth of the prior bonds on a basis of 3J p. c. to maturity. The $40,161,834.22 bonds
outstanding June 30, 1901, were issued as to $32,181,072.01 in exchange for an equal amount of prior lien
bonds, as to $4,980,762.21 as part of the $14,622,666.67 reserved for premiums, and the remaining $3,000,000 for
construction and betterments. Under the terms of the mortgage, the 1st mtge. 7 p. c. bonds and the 1st mtge.
6 p. c. sterling bonds, when received by the trustee, will be stamped as not negotiable, and held as additional
security for the bonds issued under this mortgage, while extended debt certificates and all debenture certificates,
when received by the trustee, are to be cancelled and surrendered to the company. The mortgage requires
that the outstanding old bonds shall in no event be extended, but shall be paid as they mature, so that after
June 1, 1905, this mortgage will be a first lien upon the property of the New York Central and Hudson River
RR. Co.
LAKE SHORE COLLATERAL GOLD BONDS. — Authorized for the purpose of acquiring the capital stock of the
Lake Shore and Michigan Southern Ry. Co., under the terms stated in the Manual for 1898, pages 567 and 568.
The bonds outstanding are secured by deposit in trust of the shares against which they were issued.
Coupon bonds are dated Feb. 1, 1898, while registered bonds are dated as of the several dates of their issue.
The bonds are a direct obligation of the New York Central and Hudson River RR. Co., and it is provided
that the company shall not hereafter make any mortgage upon its railroad or upon any substantial part
thereof, without including therein the bonds of this issue.
MICHIGAN CENTRAL COLLATERAL GOLD BONDS. — Authorized for the purpose of acquiring the capital stock
of the Michigan Central RR. Co.,. and are similar in all respects to the Lake Shore bonds (see preceding
paragraph), except that the coupon bonds are dated April 13, 1898. (See Manual for 1898, pages 567 and 568.)
DEBENTURE 3J p. c. BONDS OF 1900. — Issued in payment for property of the Boston and Albany RR.
Co. not conveyed in the lease of July 1, 1900.
Bonds and Interest Guaranteed. — The
antees the bonds of most of its leased lines, both a
the leases guarantees the interest on the rest of the
ment of the company's guaranties:
Beech Creek RR. ; $5,000,000 1st 4s of July 1, 1936,
and $500,000 2d 5s of July 1, 1936, both issues en-
dorsed guaranteed by the N. Y. C. & H. R. RR.
Co., both as to principal and interest.
Beech Creek Extension RR. ; $4,500,000 1st gold 3is
of April 1, 1951, endorsed guaranteed by the
N. Y. C. & H. R. RR. Co.. both as to principal
and interest.
Boston and Albany RR. ; $3,627,000 4a of Oct. 1,
1913, and $3,858,000 3Js of April 1, 1952, both
guaranteed, principal and interest, by the N. Y.
C. & H. R. RR. Co., as surety under the lease.
Carthage and Adirondack Ry. : $1,100,000 1st gold
4s of Dec. 1, 1981, endorsed guaranteed by the
N. Y. C. & H. R. RR. Co., both as to principal
and interest.
Dunkirk, Allegheny Valley and Pittsburg RR. ;
$2,000,000 1st 7s matured June 1, 1900; $700,000
2d 7s matured Oct. 1, 1900; and $200,000 3d 7s
matured Oct. 1, 1900. Interest payable by N. Y.
C. & H. R. RR. Co., under terms of the lease.
Gouverneur and Oswegatchie RR. ; $300,000 1st
gold 5s of June 1, 1942, endorsed guaranteed by
the N. Y. C. & H. R. RR. Co.. both as to prin-
cipal and interest.
Zfohawk and Malonc Ry. • $2,500,000 1st gold 4s of
Sept., 1991, and $3,900,000 consol. gold 3}s of
March 1, 2002, issued in place of an equal amount of
2d income 5s of Sept. 1, 1992. Both the 1st mtge.
and consol. mtge. bonds are guaranteed principal
and interest by the N. Y. C. & H. R. RR. Co., by
endorsement.
New Jersey Junction RR. : $1,700,000 1st 4s of Feb.
1, 1986, guaranteed by the N. Y. C. & H. R. RR.
Co., both as to principal and interest.
New York and Harlem RR. ; $12,000,000 1st gold
8}s of May 1, 2000. Interest payable by the N. Y.
C. & H. R. RR. Co. under the terms of the lease.
Netc Tor/I- and Putnam RR. ; $1,200,000 New York
and Northern Ry. 1st gold 5a of Oct. 1, 1927, and
$4,025,000 N. Y. & P. RR. 1st consol. gold 4s of
Oct. 1, 1993, the latter being endorsed guaranteed
New York Central and Hudson River RR. Co. guar-
s to principal and interest, and under the terms of
leased line bonds. The following is a detailed state-
by the N. Y. C. & H. R. RR. Co.. both as to
principal and interest. The New York and
Northern bonds are a prior lien on the property.
Interest on them is payable by the N. Y. C. & H.
R. RR. Co. under the terms of the lease.
Pine Creek Ry.: $3,500,000 1st 6s of Dec. 1, 1932,
endorsed guaranteed jointly and severally by the
N. Y. C. & H. R. RR. Co. and the Philadelphia
and Reading Ry. Co.
Rome, Watertown and Ogdcnsburg RR. ; $10,773,-
800 of bonds, the details of which are given in the
appended statement for the R., W. & O. RR.
These bonds were assumed by the N. Y. C. & H.
R. RR. Co., under the terms of the lease.
Carthage, Watertown and Sackett's Harbor RR. :
$300,000 consol. gold 5s of July 1, 1931, endorsed
guaranteed by the N. Y. C. & H. R. RR. Co.,
both as to principal and interest.
Oswego and Rome RR. ; $350,000 1st 7s of May 1,
1915, and $400,000 2d gold 5s of May 1, 1915. In-
terest on both issues is payable by the N. Y. C.
& H. R. RR. Co., under the terms of the lease
of the Rome, Watertown and Ogdensburg RR.
Utica and Black River RR. ; $1,950,000 1st gold 4s
of July 1, 1922, endorsed guaranteed, principal
and interest, by the Rome, Watertown and Og-
densburg RR. Co., whose liability is assumed by
the N. Y. C. & H. R. RR. Co. under the terms
of the lease.
Syracuse, Geneva and Corning Ry. : $464,600 1st
7s of Nov. 15, 1905, and $600,000 2d 5s of March 1,
1909, The N. Y. C. & H. R. RR. Co. pays the
interest and sinking fund charges under the terms
of the lease.
Waimil Valley RR.: $250,000 1st SJs of Aug. 1,
1017, and $330,000 2d SJs of Aug. 1, 1917. Interest
It payable by th* N. Y. C. & H. R. RR. Co., under
the terms of the lease.
West Shore RR.: $50,000,000 1st 4s of Jan. 1,
2361, endorsed guaranteed by the N. Y. C. & H.
R. RR. Co., • both as to principal and interest.
122
MANUAL OF KAILRO ADS— MIDDLE ATLANTIC GROUP.
11. Proprietary Interest*.— This item represents the company's^ ownership of stock of other
Watertown and Sackets Harbor RK., $483,800; New Jersey Junction RR., SIOO.OOO; New York, New Ilav
and Hartford RR., $1,050,000; sundry other railroads, $427,142.00— total, $114,724,029.77.
1^'. Ownership of Other Property.— Real estate not user! in the operation of the road,
$3,460,726.26; Hudson River bridges at Albany, $1,905,878.36; bonds of sundry railroad companies, $3,811,-
Ill.."i2; stock in other than railroad companies, $1,091,200— total, $13,269,210.14.
13. Advance* for L,e.H*or and Other Companies.— New York and Harlem RR. (Morris
ania improvements and other construction, in excess of reimbursement by lessor, $1,296,765.89; elevation of
tracks and new bridge over Harlem River, $3,129,204.85; Grand Central Station enlargement, $1,348,793.49),
$5,774,764.23; Dunkirk, Allegheny Valley and Pittsburgh RR., $173,474.62; West Shore RR., $207,117.-,. 81 ;
Beech Creek HR., $154,163.66; Rome, Watertown and Ogdensburg RR., $63,390.02; New York and Putnam
RR., $296,895.25; other companies, $700,662.54— total $7,371,026.13.
14. Statement showing the mileage owned and the general balances at the close of each
fiscal year from 1895 to 1901 :
1895
1896
1897
1898
1899
1900
1901
Miles of Road Owned . .
819.45
819.45
819.45
819.45
819.45
819.45
819.45
Miles of Track Owned. .
2,805.77
2,819.31
2,830.73
2,836.52
2,834.25
2,&52.40
2,771.31
$
$
$
S
S
9
$
Capital Stock . , .
100,000,000
100,000,000
100,000,000
100,000.000
100,000,000
115,000.000
115,000.000
Funded Debt
70,677,333
70,377,3*3
70,377,333
181,490.!)SN
185,212,631
185,751,021
193,772,941
Real Estate Mortgages. .
107,000
57,000
7,000
7,000
7,000
7,000
157,000
Securities in Trust
2,914,150
2,914,150
2,914,150
2,914,150
2,914,150
2,914,150
3,039,713
Special Improvetn't F'd.
2,000,000
1,821,709
Other Liabilities
9,255,306
9,476.664
10,018,417
11,111,340
18,21iXtV.i',i
23,123.850
17,233,227
Profit and Loss
11,837,688
11,881,481
11,465,000
9,424,173
10,797,498
11,754,889
11,769,993
Total Liabilities ....
194,791,477
194,706,628
194,781,900
304,947,651
312,141,978
340,550,910
342,794,583
Permanent Property
162,816,306
163,356,862
164,611,166
164,886,637
165,679,754
180,258,812
184,447,913
Proprietary Interests . |
Other Investments t
16,201,637
17,103,196
j 1,458,622
| 16,083,962
108,944,862
17,009,671
110,690,270
18,656,570
120,185,407
1^.866,645
114,724.030
20,640,242
Lessor Oo.'s Securities. .
2,914,150
2,914,150
2,914,150
2,914,150
2,914,150
2,914,150
3,039.713
Fuel and Supplies
2.545,897
2,345,900
2,362,891
2,327,()72
1,688,089
3,960,154
4.<K3.3il7
Cash and Other Assets. .
10,313,487
8,986,520
7,351,109
8,864,359
12,513,145
14,365,742
15,859,378
Total Assets
194,791,477
194,706,628
194,781,900
304,947,651
312,141,978
340,550,910
342,794,583
15. STOCKS AND BONDS OP OTHER COMPANIES OWNED ou HELD IN TRUST BY THE N. Y.
C. & H. R. RR. Co. ON JUNE 30, 1901 :
STOCKS (total, 8109,109,108). $
Beech Creek Coal & Coke Co 500,000 00
Beech Creek Extension RR. Co 4,500,000 00
Beech Creek RR. Co 1,250 00
Buffalo Crosstown Ry. Co 80,00000
Buffalo, Thous. Islands & Portland Ry. Co. 250,000 00
Carthage & Adirondack Ry. Co 500,00000
Carthage, Watert'n & Sackets H. RR. Co. 483,800 00
Central Dock & Terminal Ry. Co 135,40000
Chesapeake & Ohio Ry. Co 5,000,00000
Chest Creek RR. Co 20,000 00
Chester & Becket RR 28,800 00
Clearfield Bituminous Coal Corp 825,00000
Dunkirk, Allegheny Vy. & Ptsbrg. RR. Co. 1,067,600 00
Gouverneur & Oswegatchie RR. Co 350,00000
Hudson River Bridge Co 500,00000
Jersey City & Bayonne RR. Co 13,.r)00 00
Lake Shore & Mich. So. Ry. Co 45,289,200 00
Mahopac Falls RR. Co 100.000 00
Merchants' Despatch Transportation Co.. 2,597,40000
Michigan Central RR. Co 19,386,44500
Mohawk & Malone Ry. Co 4,500,00000
Morris Run Coal Mining Co 56,20000
New Jersey Junction RR. Co 100,000 00
Now Jersey Shore Line RR. Co 31,000 00
New York & Putnam RR. Co 6,500,00000
New York, New Haven & H. RR. Co. . . 500,000 00
New York, Ontario & West. Ry. Co. pref. 1,000 00
Niagara Falls Branch RR 250,00000
Oswego Agricultural Fair Asso 500 00
Oswego & Rome RR. Co 202,200 00
Pennsylvania & West. RR. Co 100,000 00
STOCKS— Continued. g
Pine Creek Ry. Co 999,000 00
Pittsburg & Eastern RR. Co 197,500 00
Pittsfield & North Adams RR. Co 7»,200 00
Queenston Susp. Bridge Co. ( £25 each) 40,000 00
Railway Educational Association 1,50000
State Line & S. Pt. RR. Co. (10 p. c. pd.). 1,850 00
Syracuse, Geneva & Corning Ry. Co 821,80000
Terminal Ry. of Buffalo 500,000 00
Tivoli Hollow RR. Co 32,500 00
Tonawanda Island Bridge Co 50,000 00
Troy Union RR. Co 15,00000
Utioa & Black River RR. Co 1,120,00000
Wallldll Valley RR. Co 330,00000
\\Vst Branch Coal Co 10500000
Western Transit Co 1,000^00000
West Shore & Ont. Terminal Co 2,90000
\Vest Shore RR. Co 10,000,000 00
Windsor Co 563 00
BOND? (total, $4,538,416.28).
Chester & Becket RR. Co 50,000 00
Dunkirk, Warren & Pittsburg Ry. Co.. 1,600.000 00
N. Y. C. & H. R. RR. Co.. Lake Shore Col. 303,000 00
Ogdensbuig & Lake Champlain RR. Co... 175,000 00
Pittsburg, Titusville & Buffalo Ry. Co. 3,916 28
Rome City Street Ry. Co 26,50000
Terminal Ry. of Buffalo 500,00000
Wallkill Valley RR. Co. 1st mtge 250,00000
Wallkill Valley RR. Co. 2d mtge 330,00000
Warren & Venango RR. Co 1,300,00000
15a. DIVIDENDS AND INTEREST RECEIVED AND ACCRUED, year ending June 30, 1901.
—Dividends : Beech Creek RR. (4 p. c.), $60 ; Carthage, Watertown and Sackets Harbor RR.
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 123
(5 p. c.), $24,190 ; Central Dock and Terminal Ry. (3| p. c.), $5,077.50 ; Chesapeake and Ohio
Ry. (1 p. c.), $50,000; Dunkirk, Allegheny Valley and Pitteburg RR., $9,7oU; Lake Shore
and Michigan Southern Ry. (7 p. c. on varying amounts), $3,170,244 ; Merchants' Despatch
Transportation Co. (6 p. c. ), $116,883; Michigan Central RR. (4 p. c. on varying amounts),
$663,824.67 ; Morris Run Coal Mining Co. (6 p. c.), $3,378 ; New York, New Haven and Hart-
ford RR., $30,000; Niagara Falls Branch RR. (7 p. c.), $17,500; Pine Creek Ry. (3| p. c.),
$:!4,905 ; Pittsburg and Eastern RR. (3| p. c.), $6,912.50 ; Pittsfield and North Adams RR.
(5 p. c.), $3,610 ; Syracuse, Geneva and Corning Ry. (3-J- p. c.), $28,763.01— total, $4,165,141.68.
Interest: Dunkirk, Warren and Pittsburg Ry. (7 p. c. on varying amounts), $117,745.82 ;
New York Central and Hudson River RR. Co., Lake Shore collateral (3^ p. c.), $12,783.75;
Terminal Ry. of Buffalo (4 p. c.), $20,000; Warren and Veuango RR. (7 p. c. on varying
amounts), $96,833.33— total, $247,392.90. In addition to the foregoing, dividends of 3£ p. c.
on the stock and interest of 3| p. c. each on the 1st and 2d mtge. bonds of the Wallkill
Valley RR. were credited to the West Shore RR. construction account.
16. RAILROADS LEASED, OK OPERATED UNDER CONTRACT OTHER THAN LEASE, BY THE
NEW YORK CENTRAL AND HUDSON RIVER RR. Co., AND WHOSE OPERATIOKS ARE
INCLUDED IN THE STATEMENT IN SEC. 5.
Beech Creek RR. — Jersey Shore to Mahaffey Juno., Pa., 113.02 m. ; branches to mines, 47.24 m. —
total, 160.26 m.; 2d track, 3.62 m.; total track (steel; 67 Ibs.), 230.99 miles. Reorganization, June 29,
1886, of the Beech Creek, Clearfleld and Southwestern RR. Co. (See Manual for 1886, page 323, and
Manual for 1899, page 156.) Leased to the N. Y. C. & H. R. RR. Co. for 999 years from Oct. 1, 1890,
but operated independently until July 1, 1899. Rental, interest on bonds and dividends of 4 p. c. per
annum on the capital stock. Balance Sheet, June 30, 1901. — Capital stock ($50 shares), $5,665,000;
funded debt, $5,500,000 — total, $11,165,000. Contra: Cost of road and equipment, $11,161,559; N. Y. C.
& H. R. RR. Co., $3,441— total, $11,165.000. Funded debt, June 30, 1901, consisted of $5,000,000 1st
4s of July 1, 1936, int. J. & J.; and $500,000 ($1,000,000 auth.) 2d 5s of July 1, 1936, int. J. & J. M. E.
Olmsted, Pres., Harrisburg, Pa.; S. R. Callaway, Vlce-Pres. ; Geo. S. Prince, Sec.; E. V. W. Rossiter,
Treas., New York, N. Y. Office, Jersey Shore, Pa.
Boston and Albany RR. — Boston, Mass., to Albany, N. Y., 201.65 m. ; Springfield to Athol,
Mnss., 45.26 m. ; Cottage Farm to East Boston, Mass., 9.45 m. ; Riverside to Newton Lower Falls, Mass.,
1.09 m. ; Beacon Street, Boston, to Riverside June., Mass., 9.89 m. ; Natick to Saxonville, Mass., 3.7 m.;
South Framiugham to Mllford, Mass., 12 m. ; Millbury June, to Millbury, Mass. ,3 m. ; South Spencer Station
to Spencer, Mass., 2.18 m. ; Chatham to Hudson, N. Y., 17.33 m. — total, 305.55 m. ; 2d track, 217.65 m. ;
3d and 4th tracks, 33.64 m.; sidings, 261.88 miles. Rail (steel, 557.12 m.), 65 to 95 Ibs. Locomotives,
245. Cars — passenger, 256; combination, 47; baggage, mail and express, 65; freight, 4,836; service,
306— total, 5.510. Also, 19.36 p. c. of 4 buffet cars in " Chicago Line." Fuller details of rolling stock
are in Manual for 1901, page 131. Consolidation, Dec. 28, 1870, of the Boston and Worcester RR. Co.,
Western RR. Co., Albany and West Stockbridge RR. Co. and Hudson and Boston RR. Co. (see Manual
for 1885, page 43). The Grand Junction RR. was purchased in 1866, the Springfield and Northeastern
RR. on July 8, 1880, and the Spencer RR. on April 29, 1889. The property is leased to the New
York Central and Hudson River RR. Co., for 99 years from July 1. 1900. the lessee agreeing to pay
a cash rental of $2,000,000 a year (equivalent to 8 p. c. on the capital stock), in addition to
interest on the bonds, rentals of leased lines, taxes and organization expenses. The last item is to be
$10,000 a year for the first ten years, and thereafter such less sum as is reasonable and iroper therefor.
This company leased the North Brookfield RR., Pittsfield and North Adams RR., Providence, Webster and
Springfield RR. and Ware River RR., on the terms outlined in the statements for those roads appended
hereto, and operated the Chester and Becket RR. under a contract other than lease. The liabilities of
the company under the leases and under the operating contract have been assumed by the New York
Central and Hudson River RR. Co. For certain property not included In the lease (see Manual for 1901,
page 131) the company received $5,500,000 in 3i p. c. 100-yr. gold debenture bonds of the New York
Central and Hudson River RR. Co. In the Manual for 1901, on page 131. there is a statement showing
for the eight fiscal years, 1893-1900, the statistics of mileage, rolling stock, and traffic operations, and con-
densed Income and capital accounts of the company. In the statement for the lessee (Section 6), a
summary of the financial operations of the road for the year ending June 30, 1901, is given. Income
Account, year ending June 30, 1901. — Received from lessee — rentals (B. & A. RR., $2,000,000; leased
lines, $78.000), $2,078,000: organization expenses, $10.000: Interest on funded debt (5 p. c. bonds.
$192,900; 4 p. c. bonds, $145,080), $337.980; Interest on $5,500,000 3} p. c. debentures of N. Y. C. &
H. R. RR. Co., $192,500 — total, $2.618,480. Payments: Organization expenses, $6,540; interest on funded
debt, $337,980; lease rentals (Ware River RR.. $52,500; Plttsfleld and NorthAdams RR., $22,500; North
Brookfield RR., $3.000). $78,000; dividends (8| p. c.), $2.187,500— total, $2,610,020. Surplus, $8,460;
surplus forward, $331,072; net credits to profit and loss. $1,204,336 — total, $1,543,868.
Earnings, Expenses, etc., year ending June 30, 3901. — See Section 6.
General Balance Sheet, June SO, 1901.
Cost of Road $28,015,484 61
Cost of Equipment 3,572,40000
Cash 679,60074
Due from N. Y. C. & H. R. RR. Co... 2,440,983 09
Trustees Ware River Sinking Fund... 175,118 44
N. Y. C. & H. R. RR. Co. 3* p. c.
Debenture Bonds 5,500.000 00
Total Assets $40.383.586 83
Capital Stock $25'V000,000 00
Funded Debt 7,485.000 00
Dividends and Int. Unclaimed 633,640 75
Rentals Payable July 1, 1901 37,500 00
Miscellaneous Current Liabilities 8,459 99
Dividend Fund 5,600,00000
Ware River Railroad Sinking Fund. . . 175,118 44
Profit and Loss 1,543,86770
Total Liabilities $40, 383,686
The authorized capital stock Is $30,000.000 In $100 shares. Funded debt, June 30, 1901, consisted of
$3,858,000 5s of April 1, 1902, Int. A. & O.; and $3,627.000 ($5,000.000 auth.) 4s of Oct. 1. 1913, Int.
A. & O. The N. Y. C. & H. R. RR. Co. guarantees the bonds both as to principal and interest, as
124
POOK'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
surety under the lease. Interest and dividends, Including dividends paid as rental for the Pittsfleld and
North Vdams and the Ware Ulver BUs., are payable at the office of the company in Boston.
On April 1 1U02 there were issued $3,858,000 3J p. c. 50-yr. bonds, to replace the 5 p. c. bonds which
matured on that date. The new bonds are guaranteed by the N. Y. C. & H. E. KB. Co., both as to
Directors. B. & A. BB. Co. — Win. Bliss, Walter H. Barnes. Beginald Foster, Albert C. Houghton.
Itifiicm Mtisa. ; Augustus G. Bullock, Edward L. Davis, Stephen Salisbury, Worcester, Mass.; Zenas
(Wine 'Dalton" Mass.; Eben S. Draper, Hopednle. Mass.; Edward D. Hayden, Woburn, Mass.; Samuel
Hoar' Concord, Mass.; James A. Bumrill, Springfield, Mass.; Charles S. Sargent, Brookline, Mass.
Officers: Wm. Bliss, I'res.; Edward D. Hayden, Vice- Pros. & Clerk; Frank II. Batcllffe, Treas. ; Samuel
Hoar Gen. Counsel, Boston, Mass. Corporate Office, South Terminal Station, Boston, Mass.
RAILROADS LEASED OR OPERATED BY THE BOSTON AND ALBANY RB. Co.
CHESTER AND BECKET RE.— Chester to
Keeket, Mass.. 5.27 m. ; total track, 7.07 mites.
Chartered July 24, 1896; opened In Nov., 1897.
Operated under contract. Balance Sheet, June 30,
1001. —Capital stock ($100 shares), $50,000; funded
debt (1st 5s of July 1. 1917, Int. J. & J.), $50,000;
unfunded debt, $51,395— total. $151,395. Contra:
Cost of road. $136.894; cash, $306; profit and loss,
$14 195— total. $151,395. J. A. Bumrill, Pres. ;
F. H. Eatcliffe, Treas. & Clerk, Boston, Mass.
Office, Boston, Mass.
NORTH BROOKFIELD RR.— East Brookfield to
North Brookfield, 4 m. : total track, 5.37 miles. Char-
tered in March, 1875; road opened Jan. 1, 1876.
Leased Feb. 6, 1885, for 50 years, at an annual
rental of $3,000, being 3 p. c. on the capital stock.
Capital stock, representing cost of road, etc., $100,-
000. Alden Batcheller, Pres.; J. B. Dewing, Viee-
Pres. & Treas.; C. B. Hamaut, Sec., North Brook-
field, Mass. Office, North Brookfield, Mass.
PITTSFIELD AND NORTH ADAMS RR.— Pitts-
field to North Adams, 18.55 m. ; total track, 25.95
miles. Rail (steel. 25.95 m.), 65 and 72 Ibs. Char-
tered March 18, 1845; road opened Dec. 1, 1846.
Leased for 99 years from Dec. 1, 1876, at 5 p. c. on
cost. Dividends (J. & J.) of 2i p. c. each. Capital
stock, representing cost of property, $450,000. J. A.
Rumrlll, Pres.; F. H. Batcliffe, Treas., Bosti.ii.
Mass. Office, Boston, Mass.
PROVIDENCE, WEBSTER AND SPRINGFIELD
RR. — Webster to Auburn (Boston iV A. KB.).
Mass., 11.23 m. ; total track (steel; 56 Ibs.). 14.48
miles. Chartered March 23. 1882; road opened in
June, 1884. Leased to the B. & A. BR. Co., for 10
years from May 1, 1897. Income, year ending June
30, 1901, $6,677. Expenses and taxes. $826. Net in-
come, $5,851. Paid interest, $4.392. Surplus, $1,-
459. Balance Sheet, June 30, 1901. — Capital nt"i-k,
£160,000; unfunded debt, $72,;;53; profit and 1 ss,
$12.658— total. $245.011. Contra: Cost of road,
$243,361; other assets, $1,650 — total, $245. "ii.
Chas. G. Washburn, Pres.; Frank B. Smith, Treas.,
314 Main St., Worcester, Mass.; Charles Uerber,
Clerk, Webster, Mass. Office, Webster. Mass.
WARE RIVER RR,— Palmer to Winchendon.
Mass., 49.35 m. ; total track, 56.37 miles. Bail
(steel, 53.45 m.), 65 to 72 Ibs. Chartered April 21,
1873; road opened Jan. 5. 1874. Leased for 999
years from Jan. 5. 1874. at an annual rental of 7
p. c. on capital stock. Balance Sheet, June 30, 1901.
— Capital stock (auth., $1.000,000), $750.000: un-
funded debt, $365.164 — total, representing cost of
property, $1.115,164. J. A. Rumrlll, Pres.; F. II.
Batcliffe, Treas.; E. W. Long, Clerk, Boston, Mass.
Office, Boston, Mass.
Buffalo Erie Basin RR. — In Buffalo, N. Y..
from N. Y. C. & H. R. RR. to Erie Basin Wharf, 0.25
mile. Chartered July 8, 1876. The road Is operated
under contract by the N. Y. C. & H. B. BR. Co.,
the results of operation being included in the in-
come account of that company. Capital stock ($200
shares), $13,503, representing cost of road. S. B.
Callaway, Pres.; C. C. Clarke, Vice-Pres.; E. V. W.
Bossiter, Sec. & Treas., New York, N. Y. Office,
Grand Central Station, New York, N. Y.
Cartilage and Adirondack Ry.— Carthage
to Newton Falls, N. Y., 46.10 m.; total track (steel;
60 Ibs.), 57.43 miles. Chartered March 28, 1883;
opened throughout Aug. 22. 1889. Leased in per-
petuity, from May 1, 1893, to the N. Y. C. & H. B.
EB. Co. (See Manual for 1899, page 153.) Bal-
ance Sheet, June 30, 1901. — Capital stock ($100
shares). $500,000; funded debt (1st 4s of Dec. 1,
1981, int. J. & D. ; $1,600,000 auth.), $1,100.000;
profit and loss, $24.675 — total, $1.624,675. Contra:
Cost of road, etc., $1.599,273; current accounts, $25,-
402— total, $1,624,675. The N. Y. C. & H. R. BB.
Co. owns the entire capital stock,. The bonds are
guaranteed, both as to principal and Interest, by the
N. Y. C. & II. B. EB. Co. S. B. Callaway, Pres.;
S. E. Williamson. Vice-Pres.; E. V. W. Rosslter,
Sec. & Treas., New York, N. Y. Office, Grand
Central Station, New York, N. Y.
Fall Brook Ry.— Corning, N. Y., to Antrim,
Pa., 53 m.; Blossburg to Fall Brook, Pa., 7.2 in.;
Lawrenceville to Ulysses, Pa., 41.14 m.— total. 101.34
m.; 2d track, 2.12 m. ; total track (steel; 76 Ibs.),
154.51 miles. Organized July 1. 1892, as successor
(by change of name) to the Corning, Cowanesque and
Antrim Ry. Co. (See Manual for 1892, page 186.)
Leased to the N. Y. C. & H. R. RR. Co., for 999
years from May 1, 1899, at a rental of $175,000 a
year, payable in gold in quarterly installments, be-
ginning Aug. 1, 1899. Balance Sheet, June 30, 1901.
—Capital stock ($500,000 preferred, $4,500,000 com-
mon; $50 shares). .$5.000,000; profit and loss.
$942.001— total. $5.942.001. Contra: Cost of road
and equipment, $5,100,539; sundry accounts, $22,-
926; Items conveyed to lessee, $818.536 — total, $5,-
842.001. John Magee. Pres.; Daniel Beach, 1st Vice-
Pres.; J. H. Lang, 2d Vice-Pres. & Tre*s.; D. S.
Ellsworth, Sec. Office, Corning, N. Y.
Gonvernenr and Onwejeatelile RR.—
Gouverneur to Edwards, N. Y., 13.05 m.; total track
(steel; 70 Ibs.), 16.61 miles. Chartered April 13,
1892; opened July 18, 1893. Leased in perpetuity,
July 8, 1892, to the N. Y. C. & H. R. RR. Co. Bal-
ance Sheet. June 30. 1901. — Capital stock ($100
shares). $350,000; funded debt (1st 5s of June 1,
1942, int. J. & D.). $300,000 — total, representing
cost of property, $650,000. The N. Y. C. & II. B.
BB. owns the entire capital stock and guarantees
the bonds. S. R. Callaway, Pres. ; S. E. Williamson,
Vice-Pres.; E. V. W. Rossiter, Sec. & Treas., New
York, N. Y. Office, Grand Central Station, New
York, N. Y.
Mohawk and Malone Ry. — Ilerkimer to
Malone, N. Y., 173.10 m.; Prospect June, to Hinckley,
X. Y., 2.80 m.; Lake Clear June, to Saranac Lake,
N. Y.. 5.60 m.— total, 181.50 m.; total track (steel;
60 and 75 Ibs.). 230.58 miles. Consolidation. June 22,
1892, of the Ilerkimer, Newport and Poland Exten-
sion and the St. Lawrence and Adirondack RB. Cos.
Completed throughout In Nov., 1892. Leased in per-
i,etuity, April 20, 1893, to the N. Y. C. & H. B. BB.
Co. That lease was terminated on April 16, 1902.
and a new one made, to run during the corporate
existence of the company and any extensions there-
of, at a rental of the interest on the bonds,
dividends at the rate of 4 p. c. a year on the
capital stock and the expense of maintaining the
organization. Balance Sheet, June :5o. 1901. — Cap-
ital stock ($100 shares). $4,500.000; funded debt
($2.500,000 1st 4s of Sept. 1. 1991. int. M. & S. :
and $P,.noo.ooO income 5s of Sept. 1. 19!>2), $6,400.-
000 — total, representing cost of road, etc.. $10.900.-
000. The N. Y. C. & II. B. BB. Co. owns the
entire capital stock and guarantees the 1st mt>:e.
bonds, both as to principal and interest. In con-
nection with the new lease a mortgage has been
executed in favor of the Guaranty Trust Co. of
New Yi rk. as trustee, to secure an issue of
$10,000.000 consol. mt:.'e. gold bonds. $3.900,000
i.f which, bearing Interest at the rate of 34 p. C.
per annum, have been issued in place of the In-
come bonds. $2.500,000 additional are reserved for
the retirement of the 1st mtge. bonds, and the
remaining $3,600.000 are to be Issued from time to
time for additions and betterment*. The new
bondi ore guaranteed, both principal find Interest,
by the N. Y. C. & H. R. BB. Co., the guaranty
being endorsed on each bond. S. B. Callnwa.v.
Pres.; W. Seward Webb. Vice-Pros.; E. V. W.
POCK'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 125
Rossi i cr. Treas. & Sec., New York, N. Y. Office,
Albany, N. Y.
New Jersey Junction RR. — Weehawken to
Jersey City, N. J., 4.51 m. ; branch, 0.34 m. ; 2d
track, 4.33 m. ; 3d track, 2.8 m. ; 3d track, 2.04 m. ;
total track, 16.19 miles. Organized In. New York,
Feb. 27, 1886, to provide connections and facilities
for Interchange of traffic between the several rail-
way systems terminating at Jersey City, Hoboken,
and Weehawken. The company has completed a line
starling from the West Shore RR. on the north, and
extending southerly to the D., L. & W., the Erie,
and the I'oiin. RRs. A portion of its track is used
by the Erie RR. Co. under contract. Leased for
100 years from July 1, 1386, to the N. Y. C. & H.
R. RR. Co. Balance Sheet, June 30, 1901.— Capital
stock ($100 shares), $100,000 ($4,000,000 auth.);
funded debt (1st 4s of Feb. 1, 1086, int. F. & A.),
$1,700,000; bonds and mortgages, $1,900; current lia-
bilities. $10,039 — total, $1,811,939. Contra: Cost of
road, $1,720,284; advances, $63,358; cash assets,
$28,297— total, $1,811,939. The N. Y. C. & H. R.
RR. Co. owns the capital stock, and guarantees the
bonds, both as to principal and interest. Amount of
bonds authorized, $4,000,000; the balance may be
issued only with the consent of the lessee. S. R.
Callaway, Pres.; J. D. Layng, Vlce-Pres. ; B. V. W.
Rossiter, Sec. & Treas., New York, N. Y. Office,
Grand Central Station, New York, N. Y.
New York and Harlem RR.— New York to Chatham, N. Y., 126.96 m. ; branches, 8.94 m. ; 2d track,
22.33 m. ; 3d track, 12.40 m. ; 4th track, 12.17 m. ; total track (steel; 60 to 100 Ibs.), 244.47 miles.
Chartered April 25, 1831. and corporate existence extended Dec. 28, 1874, for 500 years from April 16, 1889.
Iload opened May 10, 1852. Leased April 1, 1873, for 401 years, to the N. Y. C. & H. R. RR. Co., at a
rental equivalent to 8 p. c. on stock (Jan. and July) and interest on bonds. The bonds, originally 7s,
matured May 1, 1900, and were extended for 100 years, the rate of interest being reduced to 3i p. c.
per annum. Of the $420,000 saved yearly under this arrangement this company receives $200,000 and the
lessee, $220.000. This company owns the Fourth Avenue (street) Ry. in the city of New York (see
General Index), aggregating 9.71 m. of double track, which is leased for 999 years from July I, 1896,
to the Metropolitan Street Ry. Co., at a rental of $350,000 a year for the first five years, and $400,000
a year thereafter. Balance Sheet, June 30, 1901. — Capital stock ($50 shares), $10,000,000; funded debt
(gold 3is of May 1, 2000, int. M. & N.), $12,000,000; current liabilities, $18,892; profit and loss, $557,221
- — total, $22,576,113. Contra: Cost of property (exclusive of $5.774.764 construction advances by lessee),
$22,220,726; other investments, $178,050; fuel and supplies, $56,696; cash and current assets, $120,640 —
total, .$22,576.113. W. K. Vanderbilt, Pros.; E. V. W. Rossiter, Vice-Pres. & Sec.; W. S. Crane, Treas.,
New York, N. Y. Office, New York, N. Y.
NEW YORK AND MAHOPAC RR.— Golden's
Bridge to Lake Mahopac, 7.09 miles. The line is in-
cluded in the mileage (branches) of the New York and
Harlem RR. Organized March 7, 1871; opened June
17, 1872. Leased to N. Y. & H. RR. Co., and trans-
ferred with that company's line to the N. Y. C. & H.
R. RR. Co. Rental, 7 p. c. on stock, $265,000, all of
which is owned by the N. Y. & H. RR. Co. Lease
expires Dec. 31, 1971.
New York and Putnam RR.— 155th St. and 8th Ave., New York, to Putnam June., N. Y., 54.06 m.;
Van Cortlandt June, to Yonkers, N. Y., 3.10 m.; Mahopac Falls RR. (operated), Baldwin Place to Mahopac
Mines, N. Y., 4.05 m. — total, 61.21 m. ; 2d track, 8.2 m.; total track (steel; 60 and 76 Ibs.), 82.24 miles.
Reorganization, Jan. 12, 1894, of the New York and Northern Ry. Co. (See Manual for 1893, page 437.)
Leased for the term of the company's corporate existence, to the N. Y. C. & H. R. RR. Co. ; rental, fixed
charges. Balance Sheet, June 30, 1901. — Capital stock ($100 shares), $6,500.000; funded debt, $5.225.000
—total, $11.725.000. Contra: Cost of property, $11,700,000; stock owned, $25,000— total, $11,725.000.
The N. Y. C. & H. R. RR. Co. owns the entire capital stock. Funded debt outstanding on June 30, 1901,
consisted of $1,200,000 N. Y. & N. Ry. Co. 1st 5s of Oct. 1, 1927, int. A. & O. ; and $4.025,000 ($6,200,000
auth.) N. Y. & P. RR. Co. 1st consol. 4s of Oct. 1, 1993, int. A. & O. The unissued consol. mtge.
bonds are reserved, $975,000 for improvements and $1,200,000 for the acquirement or redemption of the
N. Y. & N. 1st mtge. 5s, or for their retirement at maturity. The consol. mtge. bonds are guaranteed,
both as to principal and interest, by the N. Y. C. & H. R. RR. Co., and the guaranty is endorsed on
each bond. S. R. Callaway, Pres.; S. E. Williamson, Vice-Pres.; E. V. W. Rossiter, Sec. & Treas.,
New York, N. Y. Office, Grand Central Station, New York, N. Y.
MAHOPAC FALLS RR.— Baldwin Place to Ma-
hopac Mines, 4.05 m.; total track (steel, 4.05 m.),
4.20 inilps. Rail, 56 Ibs. Chartered March 8, 1884;
rned Nov. 1, 1884. Operated as a branch of the
Y. & P. RR. Balance Sheet, June 30, 1901.—
Capital stock, $100,000; income balance, $113— total,
representing cost of road, etc., $100,113. The N. Y.
C. & H. R. RR. Co. holds the entire capital stock.
John Carstensen, Pres.; George S. Prince, Treas. &
Sec., New York, N. Y. Office, Grand Central Station,
New York, N. Y.
New York Central Niagara River RR.— In Buffalo, N. Y., from N. Y. C. & H. R. RR. to
Niagara River. 2.81 miles. Chartered March 26, 1877. Organized to construct and extend and to operate
a railroad already constructed between the N. Y. C. & H. R. RR. and the Niagara River, and
around Tonawanda Island, in the Niagara River, with branch lines or track connecting with the New
York Central tracks, and also extending to docks and piers on the river before named. The part of the
road constructed is operated under contract by the N. Y. C. & H. R. RR. Co. Capital stock ($150.000
anth. ; $100 shares), $28,100, representing cost of property. S. R. Callaway, Pres.; C. C. Clarke, Vice-
Pres.; E. V. W. Rossiter, Sec. & Treas., New York, N. Y. Office, Grand Central Station, New York,
N. Y.
Pine Creek Ry. — Stokesdale June, to Newberry June.. Pa., 74.8 m. ; 2d track, 5.82 m. ; total track
(steel; 75 Ibs.), 121.45 miles. Organized June 6, 1884, as successor to the Jersey Shore, Pine Creek and
Buffalo Ry. Co. Leased to the N. Y. C. & H. R. RR. Co., for 999 years from May 1, 1899, at a rental
of $35,000 a year and the interest on the outstanding bonds. Balance Sheet, June 30, 1901. — Capital
stock ($4.000000 auth.; $50 shares), $5.000.000; funded debt (1st 6s of Dec. 1, 1932. int. J. & D.),
$3,500,000; items conveyed to lessee, $200,035; profit and loss, $8.194 — total, representing cost of road
and equipment, $4,708.229. The N. Y. C. & H. R. RR. Co. owns $999,000 of the capital stock. Principal
and interest of bonds are guaranteed jointly and severally by the New York Central and Hudson River
RR. Co. and the Philadelphia and Reading Ry. Co., the guarantors to receive 2d mtge. bonds for any
advances to meet interest. Jefferson Harrison. Pres., Wellsboro', Pa.; John Magee, Vice-Pres., Watkins,
N. Y.; E. V. W. Rossiter, Sec. & Treas., New York, N. Y. Office, Wellsboro', Pa.
Pittsburgh and Eastern RR.— Mahaffey to Arcadia, Pa., 13.11 m.; total track (steel; 70 Ibs.),
17.19 miles. Locomotives. 2. Cars — passenger, T; freight (flat), 9; other, 1 — total, 11. Consolidation,
Jan. tL 1S95, of the Philadelphia and Pittsburgh RR. Co., Loyalhanna and Youghiogheny RR. Co., and
Pittsburgh and Eastern RR. Co. Road opened June 1, 1897. The project is for a line from Mahaffey
to West Newton. Pa., 115 miles, with a branch from White Thorn to Bessemer, Pa., 32 miles. The road
is owned jointly by the New York Central and Hudson River RR. Co. and the Pennsylvania RR. Co.,
and is operated under contract by the former. Capital stock paid in ($5.000,000 auth.; $50 shares),
$395,000; current liabilities, $70; profit and loss, $100,848 — total, $495,918. Contra: Cost of property,
$495,448; cash, $470 — total, $495,918. The N. Y. C. & H. R. RR. .Co. owns one-half of the paid up
126
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
capital stock, the other half being owned by the Pennsylvania RR. Co. M. E. Olmsted, Pres., Harris-
burg, Pa.; S. E. Williamson, Vlce-Pres. ; E. V. W. Rosslter, Sec. & Treas., New York, N. Y. Office,
Philadelphia, P«.
Koine, AVatertown and OKdenslmrgr RR.— Massena Springs to Richland, N. Y., 119.14 m. ;
Rlchland to Rome, N. Y., 41.12 m.; Oswego June, to Niagara June., N. Y.. 144.21 m.; Rochester to Windsor
Beach, N. Y., 7.27 in.; Woodard June, to Fulton, N. Y., 17.11 m.; Watertown Juuc. to Cai«> Vincent, N. Y.,
24.41 m.; De Kalb June, to Ogdensburg, N. Y., 19.4 m.; Syracuse to Pulaski, N. Y., 37.4 m.— total lines
owned, 408.70 miles. leased lines: Utlca and Black River RR., 150.38 m. ; Oswego and Rome RR., 26.89 m.;
Niagara Falls Branch RR., 8.57 m.; Carthage, Watertown and Sackets Harbor RR., 28.81 m.— total leased
lines, 214.65 miles. Total owned and leased, 624.35 m.; 2d track, 4.95 m. ; total track (steel; 56. 60 and
70 IDS.), 822.42 miles. Consolidation, Oct. 1, 1861, of the Watertown and Rome and the Potsdam and
Watertown RR. Cos. (See Manual for 1891, page 482.) Leased, March 14, 1891, for the term of its
corporate existence, to the N. Y. C. & H. R. RR. Co., at an annual cash rental of $15,000 (to be
reduced after April 1, 1901, to $7,000), besides interest on bonds, and 5 p. c. dividends on stock, the
lessee also assuming rental charges on account of the company's leased lines.
General Balance Sheet, R., W. & 0. JiJi. Co., June 30, 1901.
Cost of Road and Equipment. $18,200,475 74
Stocks and Bonds Owned 2,494,076 92
R., W. & O. Stock 43 00
Bonds and Mtges. on Real Estate 14,000 00
N. Y. Cent. & Hudson Rlv. RR. Co 257,609 98
Cash on Hand 187 87
Total Assets $20,966,393 51
Capital Stock ($100 shares) $10,000,00000
Funded Debt Outstanding 10,773.800 00
Bonds and Mtges. on Real Estate 51,750 00
Open Accounts 266 93
Profit and Loss 140,576 58
Total Liabilities $20,966,393 61
Funded debt, July 1, 1901, consisted of the following issues:
$417.800 W. & E. Ext. 1st 6s of Sept. 1, 1910, int. M.& 8.
*9,576,000 R.. W. & O. cons. 5s and 3Js of July 1, 1922.
100,000 O. RR.Bridge 1st 6s of July 1, 1915, int. F.& A.
$175,000 S.,P.&O.RR. 1st 6s of Feb. 1, 1915, int. P.& A.
130,000 N. & M. RR. 1st 5s of April 1, 1916, int. A.& O.
375,000 R.,W.&O.Term.lst 5s of May 1, 1918, int. M.&N.
* $9,076,000 5s and $500,000 3js.
The W. & R. Ext. bonds are secured by first mortgage on the line from Rome to Cape Vincent, N. Y.,
97 miles. The R., W. & O. consols, are secured by first mortgage on the lines from Oswego to Lewlston,
Watertown to Norwood, De Kalb Junction to Ogdensburg and Syracuse to Pulaski, aggregating 278.61 miles
in length, and by second mortgage ou the rest of the road. The O. RR. Bridge bonds are secured
by first mortgage on the Oswego Railroad Bridge. The S., P. & O. RR. bonds are secured by first mort-
gage on the line from Woodard Junction to Fulton, N. Y., 17.08 miles. The N. & M. RR. bonds are
secured by first mortgage on the line from Norwood to Massena Springs, N. Y., 12.91 miles. The
R., W. & O. Terminal bonds are secured by first mortgage on the line from Rochester to Windsor Beach,
N. Y., 7.3 miles. Additional particulars respecting the funded debt will be found in the Ready
Reference Bond List — see General Index.
The directors of this company are ex-officio directors of the Utica and Black River and the Oswego and
Rome RR. Cos. The company owns a majority ($1,120,000) of the capital stock of the Utica and Black River
RR. Co. and that stock is held in the treasury of the N. Y. C. & H. R. RR. Co.
Directors (R.. W. & O. RR. Co.). — Charles Parsons, Clarence S. Day, William Lummis, George Parsons,
Edwin Parsons, Chauncey M. Depew, Samuel R. Callaway, Jefferson Hogan, New York, N. Y. ; Walton
Ferguson, Stamford, Conn. ; John F. Maynard, John M. Crouse, Isaac N. Maynard, Wm. Pierrepont
White, Utica, N. Y. Officers: Charles Parsons, Pres.; Clarence S. Day, 1st Vice-Pres. ; Edwin Parsons,
2d Vice-Pres. & Treas.; Joseph A. Lawyer, Sec.; Wm. H. Platt, Asst. Sec., New York, N. Y. Office,
15 Broad St., New York, N. Y.
LEASED LINES OF THE ROME, WATERTOWN AND OGDENSBURG RR. Co.
CARTHAGE, WATERTOWN and SACKETS
HARBOR RR.— Carthage to Sackets Harbor, N. Y.,
28.81 milos. Chartered Feb. 1, 1869; opened in 1872.
Leased in perpetuity, Feb. 1, 1872, to the Utica and
Black River RR. Co., at a rental equal to 37i p. c.
of gross earnings. Lease transferred April 14, 1886,
to the R., W. & O. RR. Co., and assumed by the
N. Y. C. & H. R. RR. Co. on March 14, 1891. Rental,
year ending June 30, 1901, $43,958. Balance Sheet,
June 30, 1901. — Capital stock paid in ($721,500 auth. ;
$100 shares), $487,345; funded debt (consol. 5s of
July 1, 1931, int. J. & J.), $300.000; current liabil-
ities, $800; profit and loss, $41.989 — total, $830,134.
Contra: Cost of road, etc., $775,112; cash assets,
$55.022— total. $830,134. S. R. Callaway, Pres.;
S. E. Williamson, Vice-Pres.; E. V. W. Rossiter,
Sec. & Treas., New York, N. Y. Office, Watertown,
N. Y.
NIAGARA FALLS BRANCH RR — Suspension
Bridge to Lewiston June., N. Y., 8.57 miles. Char-
tered Dec. 24, 1875. Leased to the R.. W. & O.
RR. Co., from Nov. 1, 1881, at an annual rental of
7 p. c. on $250.000 capital stock, all of which is
owned by the N. Y. C. & H. R. RR. Co. Lease as-
sumed by the N. Y. C. & H. R. RR. Co., on March
14. 1891. Cost of road. $243,756: current assets,
$6,244— total, $250.000. S. R. Callaway, Pres.; S.
E. Williamson. Vice-Pros. ; E. V. W. Rossiter, Sec.
& Treas., New York, N. Y. Office, Grand Central
Station, New York. N. Y.
OSWEGO AND ROME RR.— Oswego to Rich-
land, N. Y., 26.89 miles. Chartered April 11, 1863;
opened Jan. 1, 1866. Leased to the R., W. & O. RR.
Co., at a rental equal to bond interest. Lease as-
sumed on Mnrch 14, 1891. by the N. Y. C. & H. R.
RR. Co. Balance Sheet, June 30, 1901. — Capital
stock, $225.000; funded debt, $750,000— total, $975,-
000. Contra: Cost of road, $964.900; capital stock
in treasury, $10,100— total, $975,000. The N. Y.
C. & H. R. RR. Co. owns $202,200 of the capital
stock. Funded debt consists of $350.000 1st 7s of
May 1, 1915, int. M. & N.; and $400,000 2d 5s of May
1. 1915, int. F. & A. Charles Parsons. Pres.; Edwin
Parsons, Vice-Pres.; Wm. H. Platt, Sec. & Treas.,
New York, N. Y. Office, 15 Broad St., New York,
N. Y.
UTICA AND BLACK HIVER ER.— Utlca to
Ogdensburg, N. Y., 134.51 m. ; Theresa June, to Clay-
ton, N. Y., 15.87 m.— total, 150.38 miles. Consoli-
dation, March 18, 1886, of the Uticn and Black River,
Ogden&burg and Morristown, and Clayton and Theresa
RR. Cos. (See Manual for 1881, page 485.) Leased In
perpetuity, April 14, 1886, to the R., W. & O. RR.
Co. Lease transferred to the N. Y. C. & H. R. RR.
Co. on March 14, 1891. Rental, interest on bonds,
dividends of 7 p. c. on the capital stock, and $4.500
for organization expenses. lialnnop Sheet, June 30,
1901. — Capital stock paid In ($3,000,000 auth.; $100
shares), $2,223.000; funded debt (1st 4s of July 1,
1022. int. J. & J.). $2.000.000; profit and loss. $195,-
583— total. $4.418.583. Contra: Cost of road, etc.,
$4.368.222: bonds in treasury, $50.000: cash, $361 —
total, $4.418.583. A majority ($1.120,000) of the
stock is owned by the R.. W. & O. RR. Co., having
been exchanged for securities of that company, and
the directors of tho R.. W. & O. RR. Co. have be-
come ex-officlo the directors of this company. Conse-
quently the agreement between this company and
the R.. W. & O. RR. Co. is virtually a consolidation.
John F. Maynard. Prps., Utica. N. Y. ; Edwin Par-
sons, Vice-Pres. & Treas.; W. H. Platt, Sec., New
York, N. Y. Office, Utica, N. Y,
POOK'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 127
Spnyteii Dayvil and Port Morris It It.
Spuyten Duyvll to Harlem June., 6.04 m., double
track; total track (steel; 80 Ibs.), 14.38 miles. Char-
tered April 24, 1867; opened April 7, 1872. Leased
Nov. 1, 1871, to N. Y. C. & H. K. KK. Co., at 8 p. e.
on capital stock. Lease. expires Dec. 31, 1970. Capi-
tal stock ($100 shares), representing cost of road,
$980,000. S. R. Callavvay, Pres. ; S. B. Williamson,
Vic-f-l'res. ; E. I). Worcester, Sec.; E. V. W. Hossiter,
Trcas., New York, N. Y. Office, Grand Central Sta-
tion, New York, N. Y.
Syracuse, Geneva and Corning: Ry.—
Corning to Geneva, N. Y., 57.75 m.; Penn Yan to
Dresden, N. Y.. 7.07 m.— total, 64.82 m.; total track
(steel; 60 to 76 Ibs.), 99.47 miles. Chartered Aug.
27, 1875; road opened Dec. 10, 1877. (See Manual
for 1899, page 171.) Leased to the N. Y. C. & H. R.
RR. Co., for 999 years from May 1, 1899, at a rental
of $46,375 a year and the interest on the outstanding
bonds. Balance Sheet, June 30, 1901. — Capital stock
($100 shares), $1.325.000; funded debt, $1,064,000;
profit and loss, $730,020 — total, $3,119,620. Contra:
Cost of road, $3,080.208; Items conveyed to lessee,
$89,412— total, $3.119.620. Funded debt consists of
$464,600 1st 7s of Nov. 15, 1905, iut. M. 15 & N. 15;
and $600,000 2d 5s of March 1, 1909, int. M. & S.
S. R. Callaway, Pres., New York, N. Y.; John
Magee. Vice-Pres., Watkins. N. Y. ; B. V. W. Ros-
siter, Sec. & Treas., New York, N. Y. Office, Grand
Central Station. New York, N. Y.
Terminal Ry. of Buffalo. — Blasdell to De-
pew, N. Y., 11 m. ; 2d track, 11 m. ; total track
(steel; 80 Ibs.), 22.38 miles. Chartered June 12,
1895; road opened Sept. 15, 1898. Owned jointly by
the New York Central and Hudson River RR. Co.
and the Lake Shore and Michigan Southern Ry. Co.
Built for the purpose of facilitating the exchange of
business between the companies named. Operated
under contract by the New York Central and Hudson
River RR. Co., the result of operation being included
in the income account of that company. Income
account, year ending June 30, 1901. — Received for
trackage, $66,432. Operating expenses, $14,099.
Net income, $52,333; other receipts, $10 — total, $52,-
343. 'Payments: Interest on bonds, $40,000; taxes,
$3.871 — total, $43,871. Surplus, $8,472; surplus for-
ward, $12,603— total, $21,074. Balance Sheet, June
30, 1901. — Capital stock ($100 shares), $1.000.000;
funded debt (1st gold 4s of April 1, 1946, int. A. &
O. ). $1.000,000; accrued interest, $10.000; current
liabilities, $10.911; profit and loss, $21,074 — total,
$2,041,985. Contra: Cost of road, $2,000,000; current
assets, $15.118; cash, $26,867 — total, $2,041.985. S.
R. Callaway, Pres.; Wm. H. Newman, Vice-Pres.;
E. V. W. Rossiter, Sec. & Treas., New York, N. Y.
Office, Buffalo, N. Y.
Tivoli Hollow RR.— West Albany to lumber
yards. Albanv, N. Y., 1.23 m. ; total track (steel,
1.23 m.), 1.67 miles. Chartered May 15, 1893.
Operated under contract by the N. Y. C. & H. R. RR.
Co. Capital stock ($100 shares), $32.500, represent-
ing cost of road. The N. Y. C. & H. R. RR. Co.
owns the entire capital stock. S. R. Callaway,
Pres.; S. E. Williamson, Vice-Pres.; E. V. W. Ros-
siter, Sec. & Treas., New York, N. Y. Office,
Albany, N. Y.
Troy and Greenbush RR.— Troy to Green-
bush, 6 m. ; 2d track, 5.56 m. ; total track, 23.26
miles. Chartered in Jan., 1845; opened in June,
1846. Leased from June 1, 1851. for $19.250 per
annum. Dividends, 7 p. c., $19,208, payable at
Troy, N. Y. Balance Sheet, June 30, 1901. — Capital
stock ($50 shares), $275,000; profit and loss, $6,016
— total, $281,016. Contra: Cost of road ($45,833 p.
m.), $275,000; stock owned, $5,640; cash and assets,
$376— total, $281,016. W. A. Thompson, Pres.; W.
H. Doughty, Vice-Pres., Troy, N. Y. ; J. B. Gale,
Treas. & Sec., Williamstown, Mass. Office, Troy,
N. Y.
UjillkiJI Valley RR.— Kingston to Mont-
gomery, N. Y., 32.88 m.; total track (steel; 56 to 67
Ibs.), 38.46 miles. Reorganization, July 2, 1877,
of the Wallkill Valley Ry. Co. Leased in perpetuity,
from May 1, 1899, to the N. Y. C. & H. R. RR. Co.,
the rental to be interest on the bonds at the reducea
rate of 3} p. c. a year, and dividends at the rate of
3| p. c. a year on the capital stock. Dividends are
paid in gold, in quarterly installments. Balance
Sheet, June 30. 1901. — Capital stock ($100 shares),
$330,000; funded debt, $580.000; profit and loss, $96,-
227 — total, $1,006.227. Contra: Cost of road, etc.,
$946,878; items conveyed to lessee, $59,349 — total,
$1,006,227. It is provided that the capital stock
may be increased to $1,500,000 for the purpose of
paying off the bonds and to meet other lawful re-
quirements of the company. The bonded debt con-
sists of $250.000 1st 3is of Aug. 1, 1917, int. J. & J.;
and $330,000 2d 3is of Aug. 1, 1917, int. M. & S.
S. R. Callaway, Pres.; S. E. Williamson, Vice-Pres.;
E. V. W. Rossiter, Sec. & Treas. Office, 5 Vander-
bilt Ave., New York, N. Y.
West Shore RR.— Weehawken, N. J., to
Buffalo, N. Y., 425 m. ; Rockland Lake to Con-
gers, 1.15 m. ; Athens, N. Y., to Coxsackie, N. Y.,
6.16 m. ; Ravenna, N. Y., to Kenwood Junction,
N. Y., 11.04 m. ; Fuller's to Athens June., N. Y.,
5.07 m. ; Syracuse to Barlville, N. Y., 45.49 m. ;
Buffalo to Buffalo Creek, 1.29 m. — total, 495.20 m. ;
2d track, 338.78 m. ; 3d track, 4.61 m.; total
track (steel, 1,066.05 m.), 1,107.03 miles. Rail
— iron, 50 and 56 Ibs. ; steel, 67 Ibs. Chartered
Dec. 5, 1885, as successor to the New York, West
Shore and Buffalo Ry. Co. The West Shore and
Ontario Terminal Co. of New York and New
Jersey was absorbed on June 25, 1901. (See
Manual for 1900. page 134.) Leased for 475 years
from Jan. 1, 1886. to the N. Y. C. & H. R. RR.
Co. The. New York, Ontario and Western RR. Co.
has trackage rights for through business only over
the line from Cornwall to Weehawken. (See Gen-
eral Index for N. Y., O. & W. Ry. Co.) Balance
Sheet, June 30. 1901. — Capital stock ($100 shares),
$10,000,000; bonded debt, $50.000,000— total, rep-
resenting cost of property, $60,000.000. The N. Y.
C. & H. R. RR. Co. owns the entire capital stock.
Funded debt consists of 1st mtge. 4 p. c. 475-yr.
$1,000 coupon bonds (exchangeable for registered
certificates of $500, $1,000. $10,000. or $50,000, at
the option of the holder), dated Dec. 5, 1885, bear-
ing interest from Jan. 1, 1886, payable Jan. and
July, at the office of the lessee. The bonds are
guaranteed, both as to principal and interest, by
the N. Y. C. & H. R. RR. Co., the guaranty being
endorsed on each bond. They are secured by mort-
gage on all the main and branch lines and on the
rolling stock formerly covered by car trusts; also
on the terminal property at Weehawken. Trustee:
Union Trust Co. of New York. S. R. Callaway,
Pres. ; S. B. Williamson. Vice-Pres. ; J. D. Layng,
2d Vice-Pres.; E. V. W. Rossiter, See. & Treas.
Office, Grand Central Station, New York, N. Y.
RAILROAD LEASED BY THE N. Y. C. & H. R. RR. Co., AND TO BE OPERATED BY
THAT COMPANY WHEN COMPLETED.
Deech Creek Extension RR. — Projected:
Keating to Clearfield, Pa., 54.03 m. ; Elbell to Ros-
siter, Pa., 3.02 m. — total, 57.05 miles. In opera-
tion: Karthaus to Keating, Pa.. 25 miles. Con-
structed but not in operation: Elbell to Rossiter, Pa.,
3.02 miles. Consolidation, March 26, 1901, of the
Susquehanna and Clearfield RR. Co., Canoe Creek RR.
Co., and West Branch Valley RR. Co. The Susque-
hanna and Clearfield RR. Co. was chartered Dec. 8,
1879, and built the line from Keating to Karthaus, Pa.,
25 miles, which was opened in 1885. The line was
operated as a branch of the Pennsylvania RR. Co.
and is still operated by that company pending the
completion of the extension from Karthaus to Clear-
field. The Canoe Creek RR. Co. was chartered May
22. 1900, and buHt the line from Elbell to Rossiter,
which has been in operation since early in 1901. The
West Branch Valley RR. Co. was chartered Nov. 7,
1898, to build a line from Karthaus to Clearfield.
Pa., 29.03 miles. Construction is in progress and
the entire road- is expected to be in operation early
in the summer of 1902. The property is leased to
the New York Central and Hudson River RR. Co.,
for 999 years from May 22. 1901. Trackage rights
have been obtained from the Philadelphia and Erie
RR. Co., from Keating to McElhattan and Young-
dale, about 50 miles, in order to reach the yards and
terminals of the lessee at Jersey Shore. Capital
stock ($50 shares), $4,500.000. The entire capital
stock is owned by the New York Central and Hud-
son River RR. Co. Funded debt: $4,500,000 1st gold
34s of April 1, 1951, int. A. & O., at lessee's office,
New York, N. Y. The New York Central and Hud-
son River RR. Co. guarantees the bonds, both as to
principal and interest, the guaranty being endorsed
on each bond. M. E. Olrnsted, Pres., Harrisburg,
Pa.; George S. Prince, Treas., Yonkers, N. Y. ; B.
V. W. Rossiter, Sec., New York, N. Y. Corporate
Office, Philadelphia, Pa.
128
POOR'S MANUAL OF BAILROADS — MIDDLE ATLANTIC GROUP.
18. RAILROAD LEASED BY THE N. Y. C. & H. R. RR. Co., BUT OPERATED AS AN INDE-
PENDENT ORGANIZATION (since Oct. 1, 1901, this road has been operated by the Lake Shore
and Michigan Southern Ry. Co., as agent for the Lessee).
Dunkirk, Allegrlieny Valley and Pitts-
IMII-K Kit.— Dunkirk, N. Y., to Titusville, Pa., 90.6
m. ; total track (steel; 50.60 and 70 Ibs.), 107.6 miles.
Consolidation (Dec. 31. 1872), of the Dunkirk, War-
ren and Plttsburg RIt. Co., and the Warren and
Venango RR. Co. Road opened Aug. 20, 1871.
Leased to the N. Y. C. & H. R. RR. Co., for 501
years from Dec. 1, 1872, at a yearly rental equivalent
to the Interest on not exceeding $3,200,000 bonds and
li p. c. on 13,000 shares of stock. Since Oct. 1,
1901, the road has been operated by the L. S. & M. 8.
Ry. Co. as agent for the lessee. Locomotives (10
leased), 11. Cars — passenger (6 leased), 11; com-
bination. 1; baggage, mall, and express, 3; other, 1;
freight (box. 5; flat, 14), 19; service, 9 — total, 44.
Operations, year ending June 30, 1901. — Trains
run (passenger, 129.119; freight, 111,870; other,
5,764), 246,753 miles. Passengers carried, 212,-
218; carried one mile, 4,186,450; average mile rate,
2.29 cents. Tons freight moved. 246.313; ton-miles,
9,312,419; average ton-mile rate. 1.72 cents. Earn-
ings (passenger, $95,881; freight, $160,128; other,
$11,615), $267,624. Operating expenses, $205,610.
Net earnings (23.17 p. c.), $62.014. Paid taxes,
$16,074. Surplus, $45,940; surplus forward, $213,645
—total, $259,585.
Lessee's Balance Sheet, June 30, 1901. — Liabilities:
Current accounts, $198,491.26; profit and loss, $259,-
585.48 — total, $458.076.74. Assets: Advances for
construction, $335,77.S.67; current accounts, $77.-
830.18; materials and fuel, $37,061.24; cash, $7,-
406.65— total, $458,076.74.
Lessor's Balance Sheet, June 30. 1901. — Capital
stock ($100 shares), $1,300,000; funded debt. $2.900,-
000; certificates of E. D. Worcester, trustee, $60,-
280.77 — total, $4,260.280.77, representing cost of
road and equipment, exclusive of advances by lessee.
Funded debt consisted of $2.000,000 1st 7s ma-
tured June 1, 1900; $700,000 2d 7s matured Oct. 1,
1900; and $200,000 3d 7s matured Oct. 1, 1900.
Directors. — Chauncey M. Depew, Wm. K. Van-
derbilt, F. W. Vanderbilt, Samuel R. Callaway, E.
D. Worcester, H. McK. Twombly, Samuel E. Wil-
liamson, Samuel F. Barger, New York, N. Y. ; E.
V. W. Rosslter. Flushing, N. Y. ; Charles C. Clarke,
Osslning, N. Y. ; Dwight W. Pardee, Brooklyn, N.
Y. ; M. E. Olmsted. Harrlsburg, Pa. One vacancy.
S. R. Callaway, Pres. ; E. V. W. Rossiter, Vlce-
Pres. ; Dwight W. Pardee, Sec.; George S. Prince,
Treas., New York, N. Y. Corporate Office, Dun-
kirk, N. Y.
19. Board of Directors, N. Y. C. & H. E. RR. Co., as constituted April 15, 1902.
CHAUNCEY M. DEPEW, Chairman of the Board New York, N. Y.
William Bliss Boston, Mass.
Wm. K. Vanderbilt. New York, N. Y.
F. W. Vanderbilt . . "
Chauncey M. Depew "
Samuel P. Barger . .
Samuel D.Babcock. New York, N.Y.
George S. Bowdoin. '
William Rockefeller. .,.'
J.Pierpont Morgan. New York, N.Y.
H. McK. Twombly.. "
W.H.Newman.... "
Charles C. Clarke .. " "
Darius O. Mills New York, N. Y.
W. H. NEWMAN, President New York, N. Y.
Edward V. W. Rossiter, 1st Vice-President " "
Edgar Van Etten, 2d Vice-President Boston, Mass.
W. C. Brown, 3d Vice- President New York, N. Y.
Secretary— Edwin D. Worcester New York, N. Y.
Treasurer — George S. Prince "
Comptroller— John Carstensen New York, N. Y.
General Supt.—A. H. Smith "
GENERAL OFFICE Albany, N. Y.
Operating Office Grand Central Station, New York, N. Y.
London Fiscal Agents. . . J. S. Morgan & Co., 22 Old Broad St., London, E. C., Eng.
RAILROAD CONTROLLED BY THE NEW YORK CENTRAL AND HUDSON
RIVER RR. CO., BUT OPERATED SEPARATELY.
PITTSBURGH AND LAKE ERIE RAILROAD COMPANY.
Mileage Operated, Dec. 31, 1901.— .4. LINES OWNED (total, 71.31 miles).
Main Line : Pittsburgh, Pa., to Youngstown, 0 68.00 miles.
New Castle Branch : New Castle Junction to New Castle, Pa 2.93 "
Lowellmlle Branch : Lowellville, 0., to Bentley, O , 0.38 "
B. LEASED LINES (total, 113.02 miles).
Mahoning State Line RR.: Bentley, 0., to Shaw Junction, Pa 3.16 "
Pittsburgh, McKeesport& Youghiogheny RR. (see appended statement, Sec. 9). .100.79 "
Youghiogheny Northern RR. : Broad Ford to Summit, Pa 1.92 "
Beaver and Ellwood RR. : Ellwood City to Ellwood Junction, Pa 2.91 "
Thompson Run RR.: Ellwood Junction to Coal Mine, Pa 3.56 "
Ellwood Connecting RR.: Junction P. & L. E. RR. to Junction B. & E. RR 0.68 "
Total length of lines owned, leased, and operated, Dec. 31, 1901 184.33 miles.
2d track (owned, 68.51 m.; leased, 44.38 m.), 112.89 m. ; 3d track (owned), 3.23 m.; 4th track
(owned), 3.20 m. ; sidings (owned, 14ii.38m.; leased, 138.59 m.), 284.97 miles. Gauge, 4 ft.
8i in. Rail (steel), 71, 80, and 90 Ibs.
History. — Chartered May 8, 1875 ; opened in Feb. and in April, 1879 (see MANUAL
for 1891, page 436). The Lake Shore and Michigan Southern Ry. Co. owns a majority
Railroad Map of New Jersey and Pennsylvania.
American Bank Note Company
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARU, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual — Railroad Map of the United States, 1902.
SCALE OF MILES.
0 5 10 20 30 40 50
Longitude
NEW JERSEY AND PENNSYLVANIA.
Railroad Map of New Jersey and Pennsylvania.
Arc conspicuous in
Library and Observation
Parlor Cars on Pennsyl-
vania Lines. Light meals,
liquors, and cigars from
buffet as satisfactory as
at the club.
PENNSYLVANIA RAILROAD.
DIRECT THROUGH LINE
TO THE
West, South, Southwest, and Northwest.
THROUGH PULLMAN VESTIBULE SLEEPING CARS
FROM THE CITIES OF THE EAST TO
CHICAGO, ST. LOUIS, CLEVELAND, CINCINNATI, INDIANAPOLIS, LOUISVILLE,
WASHINGTON, ATLANTA, NEW ORLEANS, JACKSONVILLE.
A Magnificent Triple-Tracked Railway,
laid in Steel Rails and Stone Ballasted, and protected from accident by the most approved
appliances of modern times, over which runs daily between New York and Chicago
THE CELEBRATED PENNSYLVANIA LIMITED,
Of Pullman Vestibule Drawing-room, Sleeping, Dining, Smoking, and Library
Cars, heated by Steam and lighted by Stationary and
Movable Electric Lights.
J. B. HUTCHINSON, Gen. Man.
J. R. WOOD, G. P. A.
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 129
Earnings— Passenger $879,332 13
Freight 7,068,182 46
Mail and Express 56,348 53
Miscellaneous 19,122 69
($2,050,000) of the capital stock of this company. The road forms a part of the N. Y. C. &
H. R. RR. System, but is operated as an independent organization.
Rolling Stock, Dec. 81, 1901. — Owned : Locomotives, 105. Cars — passenger, 45 ;
baggage, mail, and express, 19 ; freight (box, 803 ; steel, 1,001 ; flat, 117 ; coal, 4,073 ; coke,
585), 6,579; service, 79 — total, 6,722. Leased: Locomotives, 38. Cars — passenger, 11; bag-
gage, mail, and express, 5; freight (steel, 250; flat, 20; coal, 1,047; coke, 653), 1,970; service,
6 — total, 1,992. Additional equipment has been ordered for delivery in 1902, as follows: 1,000
box cars, 1,000 steel cars, 25 locomotives and 6 passenger coaches.
General Income Account, year ending December 31, 1901.
Expenses— Maint. of Way and Structures.. $2,750,438 73
Maintenance of Equipment 1,073,741 54
Conducting Transportation 2,289,096 02
General Expenses 144,719 47
Total ($43,525.12 per mile) $8,022,985 81 Total ($33,949.96 per mile) ... $6,257,995 76
Net earnings (22 p. c.), $1,764,990.05; other receipts, $24,202.34— total, $1,789,192.39.
Payments: Interest on funded debt, $220,000; other interest, $11,091.66; taxes, $129,193.65;
rentals (P., McK. & Y. RR., $462,579; B. & E. RR., $11,481.62; M. S. L. RR., $333.05;
Thompson Run RR., $2,623.17), $477,016.84; dividends Nos. 35 and 36 (5 p.c. each), $400,000;
paid L. S. & M. S. Ry. Co. one-half of profit of operating P., McK. & Y. RR., $1,226.80 ; old
accounts charged off, $875.19— total, $1,239,404.14. Surplus, $549,788.25; surplus forward,
$3,834,725.95— total, $4,384,514.20.
The company paid its first dividend, 3 p. c., in 1884, and its thirty-sixth, 5 p. c., in Feb.,
1902, the aggregate being 146 per cent. See GENEKAL INDEX for table of DIVIDENDS PAID
BT RAILROAD COMPANIES, 1895-1902.
Statement of operations and general balances for eight years ending Dec. 31 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR. Oper. (steel) . .
Passenger Train Mileage
Freight Train Mileasre. . .
Total Reve. Train Mileage
Passengers Carried
168.53
590,918
1,066,941
1,657,859
1,265,115
23,544,920
7,385,588
500,609,334
$
3,880,175
2,567,420
174.13
693,101
1,337,404
2,030,505
1,144,655
25,815,033
9,233,541
612,617,475
?
4,704,857
3,305,983
177.19
743,320
1,377,449
2,120,769
1,529,753
27,606,518
9,110,726
610,110,528
$
4,501,421
3,027,080
177.19
766,594
1,349,406
2,116,000
1,497,935
27,777,330
10,015,971
651,904,348
$
4,666,686
3,129,240
179.82
735,443
1,304,536
2,039,979
1,530,008
31,759,967
11,778,748
756,232,163
$
5,071,376
3,590,321
180.09
715,506
1,374,637
2,090,143
1,719,051
34,447,292
13,956,740
884,708,254
$
5,875,271
4,182,251
180.09
712,642
1,357,408
2,050,045
1,899,803
37,700,899
15,554,600
1,004,808,766
$
7,122,814
5,445,513
184.33
727,302
1,421,521
2,148,823
2,008,833
43.365,214
17,637,295
1,077,814,751
$
8,022,986
6,257,996
Passenger Mileage
Freight (tons) Moved —
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
1,312,755
788,371
1,398,874
767,035
1,474,341
780,367
1,537,446
795,351
1,481,055
788,562
1,693,020
799,950
1,677,301
808,073
1,764,990
826,210
Fixed Charges and Taxes
Surplus
524,384
400,000
23,023 65
15,234 20
7,789 45
66.16 p. c.
1.92 c.
0.67 c.
$
4,000,000
4,000,000
113,588
563,141
1,677,843
631,839
400,000
27,019 22
18,985 72
8,03350
70.26 p. c.
1.95 c.
0.67 c.
$
4,000,000
4,000,000
650,088
601,412
1,910,323
693,974
400,000
25,404 49
17,082 12
8,322 37
67.25 p. c.
2.02 c.
0.63 c.
$
4,000,000
4,000,000
331,087
538,899
2,222,355
742,095
400,000
26,337 19
17,660 37
8,676 82
67.05 p. c.
1.96 c.
0.62 c.
$
4,000,000
4,000,000
220,500
874,977
2,550,500
692,493
400,000
28,202 51
19,966 20
8,236 31
70.79 p. c.
1.97 c.
0.58 C.
$
4,000,000
4,000,000
185,000
858,982
2,855,347
893,070
400,000
32,624 08
23,22312
9,400 96
71.18 p. C.
2.05 c.
0.57 C.
$
4,000,000
4,000,000
162,500
878,790
3,353,801
869,228
400,000
39,551 42
30,237 73
9,313 69
76.45 p. c.
2.05 c.
0.63 c.
$
4,000,000
4,000,000
187,500
1,466,665
3,834,726
938,780
400,000
43,525 12
33,949 96
9,575 16
78.00 p. c.
2.03 c.
0.66 c.
$
4,000,000
4,000,000
162,500
1,224,226
4,834,514
Dividends, 10 p. c
Gross Earnings per Mile.
Operating Exp. per Mile.
Net Earnings per Mile . .
Expenses to Earnings. . .
Aver.Rate p.Pass.p.MUe.
Aver. Rate p. Ton p. Mile.
Capital Stock
Funded Debt
Real Estate Mortgages. .
•"•Current Liabilities
Profit and Loss
Total Liabilities
Cost of Road and Equip.
Real Estate, etc
10,354,572
7,671,133
1,562;472
285,288
320,060
125,284
390,329
11,161,823
7,671,133
2,104,972
317,024
391,781
190,820
486,093
11,092,341
7,671,133
2,082,472
328,508
321,213
213,358
475,657
11,645,977
7,855,777
2,032,972
322,973
531,987
232,949
669,319
11,899,329
8,372,001
1,997,472
329,255
564,764
254,598
381,239
12,395,091
8,792,001
1,974,972
325,228
689,498
403,057
210,335
13,488,891
10,971,761
407,500
352,054
744,087
384,205
629,284
14,221,240
11,504,761
412,500
436,001
1,118,861
427,150
321,367
Securities Owned
Current Assets
Materials, etc
Cash
Total Assets
10,354,572
11,161,823
11,092,341
11,645,977
11,899,329
12,395,091
13,488,891
14,221,240
* Including accrued interest and unpaid dividends.
130
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
General Balance Sheet, December 31, 1901.
Cost of Road. . . $6,764,897 57
Capital Stock ($50 shares) $4,000,000 00
Funded Debt Outstanding 4,000,000 00
Real Estate Mortgages 162,500 00
Current Liabilities 835,783 73
Interest Accrued, not Payable 85,00000
Dividends Payable, Feb. 1, 1902 200,000 00
P., McK. & Y. Improvement Account 475,451 05
P., C. & Y. Sinking Fund Account.... 77,99104
Profit and Loss 4,384,514 20
Cost of Equipment 4,739,863 24
Real Estate. 162,50000
Pittsburgh 1'assenger Station 250,00000
*Stocks and Bonds Owned 436,001 35
Materials and Supplies 427,750 21
Current Accounts 827,04741
Cash on Hand 321,366 51
Due by Agents 291,813 73
Total Assets $14,221,240 02 Total Liabilities $14,221,240 02
* " Stocks and Bonds Owned " consists of Mahoning State Line RR. advances, $104,630.30; Mahoning
State Line RR. stock, $5,053.53; Ellwood Connecting RR. capital stock, $48,000; Pittsburgh, Chartiers and
Youghiogheny RR. capital stock, $139,849.55; Pittsburgh, Chartiers and Youghiogheny RR. sinking fund,
$42,483.97; Monongahela RR. stock, $74,000; Overgrade Bridge Co. capital stock, $1,000; Minerva Land and
Improvement Co., $20,984— total, $436,001.35.
Capital Stock.— At the annual meeting on Jan. 28, 1902, the authorized capital stock was
increased from $4,000,000 to $8,000,000. Of the $4,000,000 increase $2,000,000 is to be issued in Aug.,
1902, for construction and betterments.
Fnnded Debt The funded debt consisted, Dec. 31, 1901, of $2,000,000 1st gold 6s of Jan. 1, 1928,
and $2,000,000 2d (series " A " and " B ") gold 5s of Jan. 1, 1928. (For additional particulars, see Ready
Reference Bond List.)
RAILROADS LEASED OR OPERATED BY THE PITTSBURGH AND LAKE ERIE RR. Co.
beaver and Ellwood RR.— Ellwood June,
to Hazen Coal Mine, Pa., 5.41 m. ; total track (steel;
60 Jbs.), 7.51 miles. Organized May 20, 1890; road
built in 1890. Consolidati-d with the Ellwood South-
ern RR. Co., July 1, 1899. Leased for 20 years from
May 1, 1899, to the P. & L. E. RR. Co., the rental
ticing 40 p. c. of gross earnings; rental based upon
earnings. Balance Sheet, June 30, 1901. — Capital
stork ($100 shares), $150,000; funded debt (1st 4s of
.Itilv 1, 1919, Int. J. & D.), $150,000; unfunded de*t,
$9,800; profit and loss, $8,933— total, $318,733. Con-
tra: Cost of road, etc., $301,693; stocks owned,
$2,000; other assets, $15,040— total, $318,733. H.
W. Hartman, Pres. ; Samuel A. Roelofs, Sec. &
Treas., Ellwood City, Pa. Office, Ellwood City, Pa.
Elltvood Connecting RR.— Junct. P. & L.
E. RR., to Junct. B. & E. RR., 0.68 mile. Rail
(steel), 70 Ibs. Chartered April 4, 1892; road opened
June 30, 1893. Operated by the Pittsburgh and Lake
Erie IIR. Co. (which owns Its entire capital stock),
but operations reported separately. Earnings, 1901,
$6,094. Expenses and taxes. $287. Surplus, $5,807.
Balance Sheet, Dec. 31, 1901.— Capital stock, $50,000;
profit and loss, $30. 258— total, $80,258. Contra: Cost
of road, etc., $63,444; other assets, $16,814 — total,
$80,258. James M. Schoonmaker, Pres.; J. G. Robin-
son, See. & Treas.; C. H. Bronson, Aud. Office,
Pittsburgh. Pa.
Mahoning; State Line RR.— Bentley to Shaw
Junct., Pa., 3.16 m.; total track (steel; 65 Ibs.), 7.89
miles. Chartered Aug. 10, 1891; road opened Jan. 1,
1895. Leased Jan. 1, 1895, for 99 years to the Pitts-
burgh and Lake Erie RR. Co. (which owns the entire
capital stock); rental, State and county tax. Balance
Sheet. Dec. 31, 1901.— Capital stock ($50 shares),
$100,000; unfunded debt, $11,708 — total, $111,708.
Contra: Cost of road, etc., $97,867; other assets,
$13,840 — total, $111,708. John G. Robinson, Pres.
& Treas.; H. J. McElheny, Sec.; C. H. Bronson,
Aud. Office, Pittsburgh, Pa.
Pittsburgh, McKeesport and Yonghio-
gheny RR. — Pittsburgh to New Haven, Pa.,
56.95 m.; Reynoldton to Belle Vernon, Pa., 27.53 m. ;
Dlckerson Run and other Branches, 8.40 m.; Elwell
Run Branch, 5.01 m. ; Speers Run Branch, 1.99 m. ;
Downers Run Branch, 0.91 m.— total, 100.79 m. ; 2d
track, 44.39 m. ; sidings, 130.72 miles. Rail (steel),
71, 80, and 90 Ibs. Chartered Jan. 1, 1881; opened
Nov. 19, 1883. (See Manual for 1892.) Leased Jan. 1,
1884, for 999 years from Aug. 3, 1881, by the Pitts-
burgh and Lake Erie RR. Co., that company and the
Lake Shore and Michigan Southern Ry. Co. guarantee-
ing interest on 1st and 2d mtge. bonds (but not on
McK. & B. V. bonds), and 6 p. c. dividends on stock.
It Is provided that the stock shall be redeemed by
the guarantors on July 1, 1934. The company owna
38 locomotives and 1,614 cars. Balance Sheet, Dec.
31, 1901. — Capital stock, $3.959.650; funded debt,
$3,750.000 — total, representing cost of road, etc.,
$7,709,650. Funded debt, Dec. 31. 1901, consisted
of (1) $2,250,000 1st guar. 6s of July 1, 1932; (2)
$900.000 2d guar. 6s. of July 1, 1934; and (3) $600,-
000 McK. & B. V. 1st 6s of Jan. 1, 1918. James M.
Schoonmaker, Pres., Pittsburgh, Pa.; H. McK.
Twombly, Vice-Pres., New York, N. Y. ; John G.
Robinson, Sec. & Treas., Pittsburgh, Pa. Office,
New Terminal Station, Pittsburgh, Pa.
Yonghiogheny Northern Ry.— Broad Ford
to Summit, Pa., 1.92 m. ; 2d track, 1.79 m. ; total
track (steel; 60 Ibs.), 8.48 miles. Chartered Aug. 16,
1881; road opened in 1883. Leased to P., McK. & Y.
RR. Co., for 60 years from April 1, 1883, at a rental
of $1 per loaded freight car transported over the road.
Balance Sheet, June 30, 1900.— Capital stock, $400,-
000; current liabilities, $5; profit and loss, $7,094—
total, $407,099. Contra: Cost of road, $400,000; cash
and other assets, $7,099— total, $407,099. Thomas
Lynch, Pres.; G. B. Bosworth, Treas.; M. M. Bos-
worth, Sec. Office, Pittsburgh, Pa.
Board of Directors, P. & L. E. RR. Co., elected January 28, 1902.
Wm. K. Vanderbilt. New York, N. Y.
H. McK. Twombly. . "
P. W. Vanderbilt.... " "
John G. Robinson Pittsburgh, Pa.
A. E. W. Painter. .Pittsburgh, Pa.
M. W. Watson ....
James M. Bailey. . . "
Geo. E. Shaw "
E. D. Worcester. . .New York, N. Y.
Jas.M. Schoonmaker.Pittfbnrgh,Pa.
Henry Hir.e Beaver, Pa.
D. Leet Wilson Pittsburgh, Pa.
WILLIAM H. NEWMAN, President New York, N. Y.
James M. Schoonmaker, Vice-Pres. & Gen. Mgr Pittsburgh, Pa.
Sec. A Treas.— John G. Robinson Pittsburgh, Pa. | Auditor— C. H. Bronson Pittsburgh, Pa.
PRINCIPAL OFFICE AND ADDRESS New Terminal Station, Pittsburgh, Pa.
NEW YORK CENTRAL SYSTEM— Lines operated by the N. Y. C. & H. R. RR. Co.
as agent for the owners.
AMSTERDAM, CHUCTANUNDA AND NORTHERN RR.— East Amsterdam to Linseed
Oil Works, N. Y., 1.5 miles. Chartered Sept. 23, 1879. This railroad is owned by Messrs.
Kellogg & Miller, proprietors of the Amsterdam Linseed Oil Works, and is operated (but not
leased) as a switch branch of the New York Central and Hudson River RR. for hauling freight
POOR'S MANUAL — NEW YORK CENTRAL AND HUDSON RIVER SYSTEM. 131
to and from the works. Rolling stock is supplied by the N. Y. C. & H. B. RR. Co. Capi-
tal stock ($100 shares), representing cost of road, $20,000.
Directors. — John Kellogg, George Kellogg, Lauren Kellogg, J. Arthur Brannock, Myron
W. Reid, John H. Lindsay, F. S. Van Derveer, A. R. Conover, Amsterdam, N. Y. ; George
Davis, Gal way, N. Y. OFFICEKS : JOHN KELLOGG, Pres. ; Lauren Kellogg, Treas.; J.
Arthur Brannock, Sec., Amsterdam, N. Y. CORPORATE OFFICE, Amsterdam, N. Y.
FULTON CHAIN RE.— Fulton Chain to Old Forge, N. Y., 2 m. ; total track (steel ;
60 Ihs.), 2.25 miles. Chartered Jan. 20, 1896. Purchased early in 1901 by Wm. Seward
Webb and associates. Pending the reorganization of the company the road is operated bv
the New York Central and Hudson River RR. Co. as agent for the owners. The Fulton
Navigation Go's, line of boats, owned by the same persons, is operated in connection with
this road. Result of operation of the railroad for two months ending June 30, 1901 : Gross
earnings, $760 ; operating expenses and taxes, $613 ; net earnings, $147. OFFICERS : WM.
SEWARD WEBB, Pres., New York, N. Y. ; C. H. Rivenburg, Supt., Fulton Chain, N. Y.
GENERAL OFFICE, Grand Central Station, New York, N. Y.
NEW YORK CENTRAL, HUDSON RIVER AND FORT ORANGE RR.— Castleton to
Fort Orange Mills, N. Y., 1 mile. Gauge, 4 ft 8£ in. Rail (steel), 60 Ibs. Chartered Sept.
1, 1884. Operated as a switch branch of the New York Central and Hudson River RR.,
and used for carrying freight to and from Fort Orange. The superstructure is owned by the
N. Y. C. & H. R. RR. Co. Company owns 1 locomotive ; other equipment supplied by the
N. Y. C. & H. R. RR. Co.
Operations, year ending June 30, 1901. — Earnings, (passenger, $20 ; freight, $3,011).
$3,031. Operating expenses, $1,513 ; taxes, $41— total, $1,554. Surplus, $1,477 ; surplus
forward, $6,775— total, $8,252. Carried to books of Fort Orange Paper Co. , $6,500. Net
surplus, $1,752.
General Balance Sheet, June 30, 1901.— Capital stock ($10 shares), $10,000; profit and
loss, $1,752 — total, $11,752. Contra: Cost of road and equipment, $3,500 ; open accounts,
$8,252— total, $11,752.
Directors. — C. C. Woolworth, James Lynch, H. H. Ingalls, Castleton, N. Y.; W. E. Red-
ington, North Wilbraham, Mass.; C. C. Woolworth, Jr., Atchison, Kan.; J. S. Graham, F. D.
King, Henry E. Jones, Brooklyn, N. Y.; J. H. Finch, Union Hill, N. Y.; John C. Whiteford.
Detroit, Mich.: S. C. McKown, Rochester, N. Y. ; Wm. H. Bunce, Jersey City, N. J.
OFFICERS: C. C. WOOLWORTH, Pres., J. S. Graham, Treat.; C. C. Woolworth, Jr., Sec. ,
Atchison, Kan. GENERAL OFFICE, Castleton, N. Y.
RAQUETTE LAKE RY.— Ciearwater to Raquette Lake, N. Y., 18.13 m. ; total track
(steel ; 67 Ibs.), 21.46 miles. Gauge, 4 ft. 8* in. Chartered Feb. 7, 1899 ; road opened July
1, 1900. The company has a-street charter, but the motive power is steam generated with
oil as fuel. Operated by the New York Central and Hudson River RR. Co. as agent for the
owners. Locomotives, 3. Cars — passenger, 2 ; service, 1 — total, 3.
Operations, year ending June 30, 1901. — Earnings (passenger, $11,699 ; freight, $10,740 ;
other, $3,302), $25,741. Operating expenses, $30,017 ; taxes, $651 ; interest on bomK
$8,333— total, $39,001. Deficit, $13,260: less, additions during year, $3,983; net deficit.
$9,277.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $250,000 ; funded
debt (1st 5s of Jan. 1, 1950, int. M. & N.), $250,000 ; accrued interest, $2,083 ; current lia-
bilities, $18,199 — total, $520,282. Cost of road and equipment, $500,938 ; materials, etc.,
$2,506 ; cash and current assets, $7,561 ; profit and loss, $9,277— total, $520,282.
Directors. — J. Pierpont Morgan, Chauncey M. Depew, William C. Whitney, Harry P.
Whitney, Samuel R. Callaway, W. West Durant, Robert Bacon, W. P. Hamilton, Chat,.
H. Zweld, New York, N. Y.; Wm. Seward Webb, Shelburne, Vt.; I. E. Gates, East Orange,
N. J.; Charles E. Snyder, Herkimer, N. Y.; Edward M. Burns, Middleville, N. Y. OFFICEKS :
WM. SEWARD WEBB, Pres., Shelburne, Vt.; Charles H. Burnett, Sec., Utica, N. Y.; F. G.
Smith, Treat., New York, N. Y. CORPORATE OFFICE, Raquette Lake (Durant Post Office),
N. Y.
ST. LAWRENCE AND ADIRONDACK RY.— Malone June, N. Y., to Valleyfield, Que.,
80 m.; Beauharnois to Adirondack June., Que., 13.2 m. — total, 43.20m. ; total track (steel ; 7'^
and 80 Ibs.), 51.21 miles. The company leases 13.2 miles of the Grand Trunk Ry., from V«l-
leyfield to Beauharnois, Que., and has trackage rights in 8.7 miles of the Canadian Pacific
Ry., from Adirondack June., to Montreal, Que. ; making the total length of line operated,
65.10 miles. Consolidation, Nov. 18, 1895, of the St. Lawrence and Adirondack Ry. Co.,
Malone and St. Lawrence Ry. Co., and Southwestern Ry. Co. (See MANUAL for 1897, page
553.) Operated by the New York Central and Hudson River RR. Co., as agent for the owners.
The company owns 6 locomotives, 4 passenger cars, and 5 service cars, and holds under
equipment trust 6 locomotives, 3 passenger cars, and 7 service cars. The necessary freight
cars are furnished by connecting lines on a mileage basis.
182 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
Operations, year ending June 30, 1901. — Train mileage — passenger, 135,084 ; freight,
22,839; mixed, 57,828 ; other, 11,618— total, 226,869 miles. Passengers carried, 183,464 ;
carried one mile, 5,497,044. Tons freight moved, 245,385 ; moved one mile, 11,907.682.
Earnings (passenger, $94,404.96; freight, $122,098.70; mail and express, $6,826.54),
—total, $223,330.20. Operating expenses, $101,088.83. Net earnings, $122,241.37 ; interest,
$378.79 ; rents, etc., $669.85— total, $123,290.01. Payments : Taxes, $3,035.51 ; interest
on bonds, $68,500, rentals, $10,000— total, $81,535.51. Surplus, $41,754.50 ; surplus for-
ward, $57,019.56— total, $98,774.06.
The first dividend on the capital stock, 2^ p. c., was paid on Sept. 1, 1901, and the
second, also 2£ p. c., in March, 1902.
General Balance Sheet, .June 30, 1901.— Capital stock ($100 shares), $1,300,000 ; funded
deht, $1,304,918.75; interest due and accrued on funded debt, $26,000; current liabilities,
$81,514.05 ; loans and bills payable, $203,339.31 ; subsidy from Canadian Government,
$84,480 ; profit and loss, $98,774.06— total, $3,099,026.17. Contra: Construction, $2,825,-
798.88 ; equipment, $90,619.55 ; equipment under trust, $104,918.75 ; current assets, $61,-
105.48; cash, $16,583.51— total, $3,099,026.17.
Funded debt outstanding on June 30, 1901, consisted of $800,000 1st gold 5s of July 1, 1996, int. J. &
J. ; $400,000 2d gold 6s of Oct. 1, 1996, int. A. & O. ; and $104,918.75 of equipment trust notes payable
quarterly, the last one on Oct. 12, 1906. Under date of July 1, 1901, the company issued $300,000 of 6 p. c.
60-yr. gold debentures, to discharge the floating debt and pay for three new locomotives, but they were
retired on Jan. 1, 1902, at 105 p. c. and accrued interest, the capital stock being increased from $1,300,000
to $1,615,000 to provide the means for their redemption.
Directors. — W. Seward Webb, Shelburne, Vt. ; Chauncey M. Depew, Henry L. Sprague,
S. R. Callaway, George E. Bird, A. L. Meyer, Edgar Van Etten, New York, N. Y. ; Martin
E. McClary, Malone, N. Y. ; P. W. Clements, Rutland, Vt. OFFICERS : WM. SEWARD WEBB,
Pres. ; A. L. Meyer, Vice-Pres.; Frank G. Smith, Sec. & Treas.; Henry L. Sprague, Gen.
Counsel, New York, N. Y. CORPORATE OFFICE, Montreal, Que. Financial Office, 51 East
44th Street, New York, N. Y. Operating Office, Grand Central Station, New York, N. Y.
NEW YORK, ONTARIO AND WESTERN RAILWAY COMPANY.
1. Mileage Operated,. June 30, 1901.— J.. LINES OWNED (total, 318.77 miles).
Main Line : Oswego, N. Y., to Cornwall, N. Y 271 .75 miles.
New Berlin Branch : New Berlin Junction to New Berlin, N. Y 22.38
Delhi Branch: Walton to Delhi, N. Y 16.84
Ellenmlle Branch : Summitville to Ellenville, N. Y 7.80
B. LEASED LINES (total, 108.62 miles).
Utica, Clinton and Binghamton RB.: Utica to Randallsville, N. Y 31.30
Rome and Clinton RR.: Rome to Clinton, N. Y 12.78
Wharton Valley Ry.: Junction New Berlin Branch to Edmeston, N. Y 6.80
Ontario, Carbondale and Scranton Ry.: Cadosia to Scranton, Pa 54.05
Pecksport Connecting Ry.: Pecksport to Morrisville, N. Y 3.69
C. TRACKAGE : West Shore RR.: Cornwall, N. Y., to Weehawken, N. J 53.07
Total length of lines owned and leased, June 30, 1901 480.46 miles.
Sidings (owned, 127.42 m.; leased, 66.08 m.), 193.50 miles. Gauge, 4 ft. 8£ in. Rail (steel),
50 to 95 Ibs.
2. History. — Organized Jan. 21, 1880, as successor to the New York and Oswego Mid-
land RR. Co. (see MANUAL for 1888, page 225). The terms under which the leased lines are
operated are outlined in the separate statements for those roads, subjoined hereto. For the
use of the West Shore RR. tracks from Cornwall to Weehawken the company pays its pro-
portionate share of the cost of maintenance, based on train mileage, and a like proportion of
the interest at 4 p. c. on $2,000,000 plus the amount expended for necessary improvements
since Jan. 1, 1886. Provision is made for cars of either company to be hauled by the trains
of the other, in order to reduce expenses. The trackage agreement will expire by limitation
on May 12, 2079, but may be terminated by this company after May 12, 1980. (See MANUAL
for 1895, page 50.)
The Ellenville and Kingston RR. Co. was organized in March, 1900, to build an exten-
sion of the Ellenville Branch of this road, from Ellenville to Kingston, N. Y., a distance of
about 27 miles. Construction was begun in July, 1901, and the line is now (July 1, 1902) in
operation between Ellenville and Kerhonkson, about 8 miles.
3. Coal Traffic. — The output of anthracite coal mines tributary to this company is esti-
mated at from 2,500,000 to 3,000,000 tons annually. The transportation of practically all
POOR'S MANUAL— NEW YORK, ONTARIO AND WESTERN RY. CO. 133
this tonnage is secured to this railroad by contracts made with the Scranton Coal Co. and the
Elk Hill Coal and Iron Co. The terms of these contracts are outlined in the MANUAL for
1901, on page 138.
The following statement shows the tonnage of anthracite coal hauled by the company,
and the revenue derived from such traffic, in each fiscal year since the opening of the
Scranton Division on July 1, 1890 :
Net Tons. Revenue. Net Tons. Revenue. Net Tons. Revenue. Net Tons. Revenue.
1891.. 811,485 782,21829
1892.. 1,120,416 1,127,45677
1893.. 1,352,225 1,436,53953
1894 . . 1 ,642,063 1 ,753,874 34
1895.. 1,71 5,991 1,581,22729
1896.. 1,673,861 1,588,42436
1897. .1,653,596 1,722,936 43
1898.. 1,605,508 1,666,24217
1899.. 1,991, 987 1,923,50276
1900. .2,157,553 2,223,463-74
1901 . .2,361,026 2,546,918 13
4. Rolling Stock, June 30, 1901. — Locomotives, 140. Cars — passenger, 117 ; baggage,
mail, and express, 29 ; freight (box, 611; flat, 642 ; stock, 64 ; coal, 5,497 ; milk, 67 ; caboose,
61), 6,942 ; service cars, 90 — total, 7,178. Seven of the locomotives, six passenger cars and
610 coal cars are covered by equipment trusts.
5. General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures. . $759,914 90
Maintenance of Equipment 686,724 31
Conducting Transportation.... 2,046,278 31
General Expenses 145,423 19
Total ($7,572.62 per mile) $3,638,340 71
Earnings— Passenger $855,201 01
Freight 4,269,306 91
Mail and Express 121,685 32
Miscellaneous 76,690 41
Total ($11,078.72 per mile) $5,322,883 65
5a. Net earnings (31.65 p. c.), $1,684,542.94; other receipts, $417,244.43— total, $2,101,-
787.37. Payments: Interest on funded debt, $654,133.22 ; taxes, $138,796.41 ; lease rentals,
$197,533.74 ; interest and discount, $232,092.22— total, $1,222,555.59. Surplus, $879,231.78 ;
surplus forward, $4,152,512.64 ; repayment on account of advances to O., C. & S. Ry. Co., etc.,
$38,505.50— total, $5,070,249.92. Deduct sundry charges, $850. Balance, surplus June 30,
1901, $5,069,399.92.
6. General Balance Sheet, June 30, 1901.
Franchises and Property $71,287,668 64
Trust Equipment 482,000 00
Preferred Stock Redemption Fund 5,00000
Investments in Other Companies 13,096,617 32
Materials and Supplies 456,16903
Loans and Bills Receivable 138,971 66
Current Accounts 1,493,701 34
Cash on Hand 266,621 82
Total Assets $87,226,749 81
Common Stock Paid in ($100 shares).... $58,113,982 84
Preferred Stock Paid in ($100 shares) 5,000 00
Funded Debt Outstanding 16,937,000 00
Loans and Bills Payable 5,825,00000
Equipment Trust Notes 482,000 00
Current Liabilities 794,367 05
Profit and Loss 5,069,399 92
Total Liabilities $87,226,749 81
7. Preferred Stock and Voting1 Trust. — The total issue of preferred stock amounted to
$2,000,000, but $1,995,000 of it was exchanged for 1st mtge. bonds. The exchanged preferred stock is held
alive in a voting trust, and elects eight of the thirtean directors, this right to continue until a dividend
shall have been earned and paid on the common stock.
8. Funded Debt.— The funded debt consists of ($20,000,000 auth.) refunding 1st gold 4s of June
1, 1992. The unissued bonds are reserved for future requirements. Coupons for the period ending Sept. 1,
1942, are attached to the bonds, and subsequent coupons will be attached on and after that date. The
bonds are a first lien on the entire property of the company, and are additionally secured by deposit of
all the 1st mtge. bonds, and $1,495,000 out of a total of $1,500,000 capital stock, of the Ontario, Carbon-
dale and Scranton Ry. Co. (Additional particulars respecting the funded debt will be found in the
Ready Reference Bond List — see General Index.)
9. Loans and Bills Payable. — The amount outstanding on June 30, 1901, consisted of $2,400,000
5 p. c. 12-yr. $1,000 gold notes, and $3,425,000 5 p. c. sinking fund 1st lien 15-yr. $1,000 gold notes.
The 12-yr. notes were issued in 1899 to the amount of $2,500,000 to enable the Scranton Coal Co. to
purchase the anthracite coal property of the Lackawanna Iron and Steel Co. They are secured by first mort-
gage of the Scranton Coal Co., and mature $100,000 each half year to Feb. 1, 1904, $125,000 each half
year from Aug. 1, 1904, to Feb. 1, 1909, and $150,000 each from Aug. 1, 1909, to Feb. 1, 1911. To enable
the Scranton Coal Co. to complete the purchase this company made a loan of $1,475,000 ($305,000 thereof
repaid to June 30, 1901), which is secured by second mortgage on the Scranton Coal property. The 15-yr.
notes are secured by deposit of first bond and mortgage covering the entire property of the Elk Hill Coal
and Iron Co. They mature $75,000 every half year to Dec. 1, 1910, and $200,000 every half year from June 1,
1911, to Dec. 1, 1915. Interest is payable on the 1st of June and Dec. ; principal and interest payable in
gold, free of all taxes. The notes are in coupon form, but may be registered as to principal alone or as
to both principal and interest. It is provided that if the New York, Ontario and Western Ry. Co. shall
make any new mortgage upon its property these notes shall be equally and ratably secured pari paasu
with the obligations te b« issued under and secured by sush mortgage. Trustee: Morton Trust Co., New
York, N. Y.
10. Equipment Trust Notes.— Issued under date of March 1, 1901, and payable in ten half
yearly* installments, with interest at the rate of 4£ p. c. per annum, payable March and Sept., at the
office of'the trustee, Manhattan Trust Co., New York, N. Y. Principal and interest are payable in gold.
Secured on 7 locomotives, 6 passenger cars, and 610 coal cars.
134
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
11. Statement of operations, capital account, etc., for eight fiscal years ending June 30
1894
1895
1896
1897
1898
1899
1900
1901
Miles Road Worked
476.77
917,199
1,370,669
630,970
476.77
866,890
1,395,546
604,303
476.77
849,479
1,361,917
630,521
480.46
826,479
1,267,103
662.659
480.46
842,960
1,116,404
668,642
480.46
857,771
1,315,192
690,197
480.46
863,000
1,305,618
738,177
480.46
885,607
1,450,958
744,239
Passenger Train Miles
Freight Train Miles
Mixed Train Miles
Revenue Train Miles
2,918,838
926,657
36,918,802
2,404,358
328,533,616
$
679,149
2,997,011
165,960
2,866,739
825,883
29,035,710
2,540,157
359,358,052
$
599,452
2,908,035
161,626
2,841,917
849,583
31,366,468
2,524,622
356,414,070
$
654,067
2,960,595
164,674
2,756,301
808,811
30,827,936
2,492,056
353,100,732
$
638,659
3,075,505
180,239
2,628,006
872,632
32,007,644
2,479,292
•551,127,528
S
641,679
3,090,280
182,076
2,863,160
1.064,441
40,501.436
2,'.)35,416
440,413,877
*8
709,266
3,462,138
174,759
2,996,795
1,213,291
41.171,57'i
5,416,606
486.442,610
$
787.899
3,970,114
205,470
3,080,804
1.312,572
3.50S.50S
516,135,284
S
£55,201
4,269,307
198,875
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Total Earnings
3,842,120
2,627,879
3,669,113
2,541,351
3,779,336
2,585,908
3,894,403
2,655,859
3,914,635
2,688,777
4,346,163
2,835,861
4.963.483
3,279,629
5,322,884
3,638,341
Operating Expenses
Net Earnings
1,214,241
75,090
1,127,762
75,090
1,193,427
81 ,405
1,238,544
82,800
1,225,858
86,740
1,510,302
167,918
1,683,854
273,692
1.684.543
417,244
Other Receipts
Net Income .
1,289,331
104,661
182,186
582,917
1,202,852
101,061
181,133
594,275
1,274,892
112,650
181,302
605,371
1,321.344
124,637
183,263
613,533
1,312,604
112,865
182,279
615,000
1,678,220
134,249
186,081
671,526
1,957,540
135,289
192.282
770.951
2.101.787
138,796
197,534
886,225
Taxes
Lease Rentals
Interest and Other Charges
Total Payments
869,764
419,567
8,058 64
5,511 84
2,54680
68.40 p. c.
1.84c.
0.91 c.
318.77
418.52
133
98
25
6,105
$
58,119,983
13,225,000
1,762,332
1,614,965
876,469
326,383
7,695 77
5,328 04
2.367 73
69.24 p. c.
2.06 c.
0.84 c.
318.77
423.17
133
98
25
6,110
$
58,119,983
13,725,000
1,218,340
1,925,189
899,323
375,569
7,926 96
5,423 81
2,503 15
68.42 p. c.
2.08 c.
0.83 c.
318.77
426.33
133
98
25
6,362
$
58,119,983
13,725,000
1,707,381
2,296,427
921,433
399,911
8,105 57
5,527 74
2,577 83
68 20 p. c.
2.07 c.
0.87 c.
318.77
427.75
133
98
25
6,362
$
58,118,983
13,975,000
1,216,289
2,681,087
910,144
402,460
8,147 68
5,596 25
2,551 43
68.68 p. c.
2.01 c.
0.87 c.
318.77
431.04
133
100
24
6,361
$
58,118,983
13,975,000
943,762
2,611,173
991,856
686,364
9,04584
5,902 39
3,143 45
G5.25 p. c.
1.75c.
0.79 c.
318.77
436.19
133
103
24
6,317
$
58,118,983
17,937,000
1,521,196
3,264,396
1,098,522
859,024
10,330 69
6,826 02
3,504 67
66.08 p. C.
1.78 c.
0.82 c.
318.77
440.38
181
110
26
6,329
$
58,118,983
17,937,000
1.519,597
4,152,513
1,222,555
879,232
11,07872
7,572 02
3,500 10
68.35 p. c.
1.83c.
0.83 c.
318.77
446.19
140
117
29
6,942
S
58,118,983
23,244,000
794,367
5,069,400
Balance, Surplus
Gross Earnings per Mile . . .
Operating Exp. per Mile. . .
Net Earnings'per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile.
Miles of Railroad Owned. .
Miles of Track Owned
Locomotives «. . .
Passenger Cars
Baggage, etc., Cars
Freight Cars
Capital Stock
Funded and Mtge. Debt
Current Debts.
Profit and Loss
Total Liabilities
74,722,280
68,757,438
3,487,200
187,270
2,290,372
74,988,512
69.176,226
3.385,068
201,911
2,225,307
75,848,791
69,636,397
3,435,936
303,031
2,483,427
75,991,359
69,886,996
3,357,003
219,210
2,528,150
75,648,918
70,108,773
3,472,800
230.111
1.837,234
80,841,575
70,872.017
7,411,567
164.915
2,393,076
81,728,093
71,007,76C
7,174,567
451,563
3,094,201
87,226,750
71,769,669
13,101,617
456,169
1,899.295
Railroad and Equipment, . .
Other Investments.
Material s and Fuel..
Cash and Other Assets
Total Assets
74,722,280
74,988,512
75,848,791
75,991,359
75,648,918
80,841,575
81,728,093
87.226,750
12. RAILROADS LEASED BY NEW YORK, ONTARIO AND WESTERN RAILWAY COMPANY.
Ontario, Carbondale and Scranton Ry.
— Cadosla, N. Y., to Scranton, Pa., 53.66 m.; total
track (steel; 67 Ibs.), 96.48 miles. Chartered
Oct. 3, 1889; road opened July 1, 1890. Leased to the
N. Y., O. & W. Ry. Co. for 99 years from July 1.
1890, the lessee to pay interest on bonds and a rental
equal to 5 p. c. of the gross earnings. Rental, year
ending June 30, 1901, $118,784. Expenses and
taxes, $2,815; interest on bonds, 176,000. Surplus.
$40,969. Balance Sheet, June 30, 1901. — Capital
stock, $1,500,000; funded debt (1st 5s of Dee. 1,
1939, int. J. & D.), $1,500.000; unfunded debt, $531.-
139; income balance, $287.156 — total, $3,818,295.
Contra: Cost of property, $3,801,118; other assets,
$17,177— total, $3.818,295. T. P. Fowler, Pres. ; R.
D. Rlckard, Sec. & Treas., New York, N. Y. Offices,
Scranton, Pa., and 56 Beaver St., New York, N. Y.
Peeksport Connecting Ry.— Near Pecksport
to near Morrisvllle, N. Y., 8.69 m. ; total track (steel;
"6 Ibs.), 4.22 tulles. Chartered Anrll ?0. 189(5; road
opened Sept. 13, 1896. Controlled nnd operated by
the " Ontario " Co. Capital stock authorized, $40.'-
000. Cost of road to June 30, 1901, $80,060. The
" Ontario " Co. will receive the entire capital stock
of this company, and its mortgage bonds wher they
are issued. James E. Childs, Pres.; R. D. Rickard,
Treas.; A. L. Parmelee, Sec., New York, N. Y.
Office, 56 Beaver St., New York, N. Y.
Rome and Clinton RR.— Rome to Clinton,
N. Y., 12.78 m.; total track, 13.89 miles. Rail (steel,
12.78 m.), 50 to 67 Ibs. Chartered June 3, 1869;
road opened Jan. 15, 1872. Leased in perpetuity to
the Delaware and Hudson Co. at an annual rental of
$22,375 and taxes. Operated by the N. Y., O. & W.
Ry. Co., under contract terminating 35 years
from June 1, 1886. Rental, year ending June 30,
1901, $22.375. Expenses and taxes. $760. Net in-
come, $21,615. Paid dividends (6i p. c.), $21,581.
Surplus, $34. Capital stock, $345.360; other liabil-
ities, $59; profit and loss. $14.895— total, $360,314.
Contra: Cost of road, $360.000; other assets, $314 —
total, $360,314. James I. Scollard, Pres.; C. D.
Haves, Sec. & Treas., Clinton, N. Y. Office, Clinton,
N. Y.
Utica, Clinton and Rinprhamton RR.—
Utica to Randallsville, N. Y., 31.30 m.: total track,
POOR S MANUAL OF RAILROADS.
135
41.30 miles. Rail (steel, 31.28 m.), 62 Ibs. Organ-
ized March 25, 1868; road opened June 22, 1872.
Leased in perpetuity, Dec. 4. 1889, to the Delaware
and Hudson Co., at a rental of $61,500 per annum,
the lessee guaranteeing principal and Interest of
bonds. On June 1, 1886, this road and the llome
:ind Clinton RR. were subleased to the " Ontario "
Co. for 35 years, at a minimum rental of $70,000
yearly for both. The street railroad of this corpora-
tion is leased to the Utica Belt Line Street RR. Co.
(See statement elsewhere.) Rental, year ending
June 30, 1901, $76,500. Interest on bonds, $40,000;
dividends (5 p. c. ). $34.341; sinking fund, etc.,
$1,877— total, $76,218. Surplus, $218. Balance
Sheet, June 30, 1901.— Capital stock, $849,285;
funded debt (1st 5s of July 1, 1939, int. J. & J.),
$800,000; unfunded debt. $25,000; profit and loss,
$55.049— total, $1,729.334. Contra: Cost of road.
$1.690,566; accounts receivable, $25,000; cash, $13,-
768 — total, $1,729.334. The bonds are secured by a
mortgage on both street and steam roads. James
I. Scollard, Pres., Clinton, N. Y. ; C. S. Symonds,
Sec. & Treas., Utica, N. Y. Corporate Office, 157
Genesee St., Utica, N. Y.
Wharton Valley Ry.— June. Berlin Br. to
Edrneston, N. Y., 6.8 in.; total track (steel; 50 Ibs.),
7.44 miles. Chartered June 12, 1888; road opened
Feb. 1, 1889. Leased for 99 years from Oct. 1, 1888,
to the N. Y., O. & W. Ry. Co., the lessee guarantee-
Ing the bonds, principal and interest, and paying $500
yearly for organization expenses. (See Manual for
1893. page 475.) The lessee owns all of the capital
stock. Rental, year ending June 30, 1901. $3,750.
Interest on bonds, $3.750. Balance Sheet, June 30,
1901. — Capital stock ($100 shares). $70.000; funded
debt (1st 5s of Nov. 1, 1918, Int. M. & N.), $75,000;
unfunded debt. $625 — total, $145,625. Contra: Cost of
property, $145,000; other assets, $625 — total, $145,-
625. T. P. Fowler, Pres,; R. D. Rickard, Sec. &
Treas., New York, N. Y. Corporate Office, 56
Beaver St., New York, N. Y.
O. D. Ashley New York, N. Y.
C. Ledyard Blair. . "
Henry W. Cannon. " "
Francis R. Culbert.Newburgh, N. Y.
Harry Pearson Lond«m, Eng.
Joseph Price " "
Albert S. Roe New York, N. Y.
Grant B. Scbley.... "
13. Board of Directors, N. Y., 0. & W. Ey. Co., elected September 25, 1901.
C. M. Depew New York, N. Y.
Thomas P.Powler. "
Gerald L.Hoyt.... "
John B. Kerr "
Charles S. Whelen Philadelphia, Pa.
THOMAS P. FOWLER, President New York, N. Y.
Joseph Price, Vice-President London, Eng.
John B. Karr, Vice-President and General Counsel New York, N. Y.
Secretary & Treas.— R. D. Rickard. . .New York, N. Y. | Gen. Manager— James E. Childs New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 56 Beaver St., New York, N. Y.
Office in London 5 and 6 Great Winchester St., E. C.
PITTSBTJRG, SHAWMUT AND NORTHERN RAILROAD COMPANY (THE).
1. Mileage Operated, June 30, 1901.— A. OWNED ABSOLUTELY (total, 121.89 miles).
Wayland Division : Wayland to Angelica, N. Y 84.61 miles.
Olean Division : Bolivar to Olean, N. Y. (3-ft. gauge) 18.00 "
Mt. Jewett Division : Mt. Jewett to Coryville, Pa 23.61 "
Shawmut Division : Clermont to Hydes, Pa 45.67 "
B. PROPRIETARY ROAD : Clarion River Ry.: Croyland to Hallton, Pa 12.00 "
C. LEASED LINES (19.69 miles) :
Rochester, Hornellsville & Lackawanna RR.: Junction to Hornellsville, N. Y. 10.13 "
Kersey RR.: Paines Junction to Kersey Mines, Pa '. . 9.56 "
D. TRACKAGE RIGHTS (8.82 miles) :
Erie RR.: flydesto Shawmut, Pa 4.85 "
Erie RR.: Brockport to Brock way ville, Pa 3.97 "
Total length of lines operated, June 30, 1901 .162.40 miles.
Sidings (owned, 24 m.), 34.35 miles. Gauge, 4 ft. 8| in. Rail (steel), 56 to 85 Jbs.
2. History.— Consolidation, Aug. 1, 1899, of the Mill Creek Valley RR., Buffalo,
St. Mary's and Southwestern RR., Mount Jewett, Clermont and Northern RR., Smethport
and Olean RR., Central New York and Western RR., and Central New York and Northern
RR. The Mt. Jewett Division was extended in 1900, from Smethport to Coryville, Pa., a
distance of 7.47 miles. The gauge of the Olean Division was broadened to the standard on
Dec. 27, 1901. The main line as projected' is to extend from the coal fields of Jefferson
County, Pa., to Macedon, N. Y., about 250 miles. The company owns the capital stock of
the Shawmut Mining Co., and of the Clarion River Ry. Co., the road of which latter it
operates as a leased line.
3. Refunding1 Plan. — Under date of Jan. 15, 1902, the company offered to the holders
of its 1st mortgage 5 p. c. bonds, of which there are $6,000,000 outstanding, the option of
funding the interest due thereon for two years ending Aug. 1, 1903, in new 4 p. c. 50-year
gold bonds bearing interest from Feb. 1, 1902, and of exchanging their bonds at par for
similar new 4 p. c. bonds bearing interest from Aug. 1, 1903. The offer has been accepted
by the holders of a majority of the 5 p. c. bonds, and the interest due Feb. 1, 1902, on the
entire $6,000,000 has been purchased by the company. The authorized amount of the 4 p. c.
bonds is $15,000,000, of which $6,GOO.OOO will be absorbed by the refunding of the 5s, \vhilo
136
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
the balance will be used in completing and extending the railroad, acquiring additional coal
lands, and improving and developing the property generally. The bonds issued for refunding
will be designated Series A, and those issued for other purposes, Series B. It is provided
that until the entire $6,000,000 of 5 p. c. bonds shall have been deposited under the agree-
ment, such of them as are deposited shall be held by the trustee (Central Trust Co., New York,
N. T.) as security for the outstanding 4 p. c. bonds, and in the event of a default on the
latter the payment of the 5 p. c. bonds shall be enforced. In addition to the property under
the lien of the present mortgage (see Sec. 7) the new mortgage will cover the Kersey RR.,
the Kersey District coal fields, embracing about 15,000 acres of coal lands and mineral rights
in Elk and Clearfield Counties, Pa., and other coal lands and mineral rights in Jefferson and
Armstrong Counties, Pa.
4. Boiling Stock, June 30, 1901. — Locomotives (9 leased), 22. Cars— passenger, 11 ;
combination, 5 ; baggage, mail, and express, 3 ; freight (box, 500 ; flat, 49 ; coal, 2,300 ;
refrigerator, 50), 2,899 ; caboose, 6 ; service, 28— total, 2,952.
5. Operations, year ending June 30, 1901. — Train mileage — passenger, 158,990; freight,
51,304 ; mixed, 110,810 ; other, 3,187— total, 324,291 miles. Passengers carried, 213,785 ;
carried one mile, 2,265,036 ; average mile rate, 2.761 cents. Tons freight moved, 921,733 ;
moved one mile, 15,503,698 ; average ton-mile rate, 2.438 cents.
Expenses— Maint. of Way and Structures — $67,409 19
Maintenance of Equipment 56.505 36
Conducting Transportation 125,081 40
General Expenses 21,558 90
Total ($3,120.62 per mile) $506,78877 Total ($1,665.97 per mile) $270,55485
Net earnings (46.62 p. c.), $236,233.92 ; other receipts, $9,435.08— total, $245,669.
Payments: Interest on funded debt, $266,666.66; other interest, $686.15; taxes, $16,657.97
—total, $284,010.78. Deficit, $38,341.78 ; surplus forward ($158,550.88, less charged-off
accounts, $317.95), $158,282.93; net surplus, $119,891.15.
6. General Balance Sheet, June 30, 1901.
Earnings— Passenger $62,524 45
Freight 377,972 24
Mail and Express 9,52332
Miscellaneous 56,768 76
Cost of Road and Equipment $10,873,746 60
Stocks of Other Companies 1,500,00000
Materials and Supplies.
Due by Agents...
Current Accounts.
Cash on Hand
46,547 22
4,996 86
491,720 68
23,995 87
Total Assets $12,941,00723
Cap. Stk. ($12,000,000 auth. ; par $100) , . $6,000,000 00
Funded Debt Outstanding 6,000,000 00
Loans and Bills Payable.
Current Liabilities
Interest Accrued and Due.
Taxes Accrued and Due
Car Trust Notes
Profit and Loss
5,750 00
298,739 08
125,000 00
17,880 40
373,746 60
119,891 15
Total Liabilities $12,941,007 23
7. funded. Debt outstanding consists of 1st mtge. 5 p. c. $1,000 gold coupon bonds, dated Feb. 1,
1899, due Feb. 1, 1949, interest Feb. 1 and Aug. 1, at office of Marquand & Co., New York, N. Y. The author-
ized amount of these bonds is $12,000,000. They are secured on the property of the railroad company and on
the property of the Shawmut Mining Co., including 9,814 acres of coal land in Elk County, Pa., having an
annual capacity of 1,000,000 gross tons. The stock of the mining company is owned by the railroad company
and is deposited with the trustee as a further security for the bonds. Besides the coal properties in Elk
County, the company has caused to be acquired in its interest additional coal lands in Jefferson County, and
it is the purpose of the management later to extend the road southward to these coal fields and northward
from Wayland to Macedon on the New York Central System. Of the total amount of bonds authorized by the
mortgage, $4,000,000 are reserved for these extensions, and $2,000,000 for future needs of the company. By
the terms of the mortgage, no bonds in excess of $6,000,000 shall be issued until the company shall have caused
to be conveyed to the trustee for the further security of all the bonds issued and to be issued, free from prior
liens or encumbrances, coal lands, and mineral rights, in addition to coal lands and mineral rights now under
the mortgage sufficient to furnish to the railroad company for transportation over its railroad, in addition
to the output of the Shawmut coal mines, not less than 1,500,000 gross tons of merchantable coal in each year
until and including the year in which the principal of the bonds shall mature; and shall also cause all of the
capital stock of the mining company or companies operating said additional coal lands to be deposited with
the trustee for the further security of the bonds. (See Section 3 for refunding plan.)
8. RAILROADS LEASED BY THE PITTSBURG, SHAWMTJT AND NORTHERN RR. Co.
Capital stock, $100,000, representing cost of road. J.
K. P. Hall, Pres., Ridgway, Pa.; Andrew Kaul,
Vice-Pres. ; Geo. C. Simons, Sec. & Treas., St.
Mary's, Pa. Office, St. Mary's, Pa.
Clarion River Ry.— Croyland to Hallton, Pa.,
12 miles. Rail (steel), 60 Ibs. Chartered Dec. 17,
1889. The Pittsburg, Shawmut and Northern RR.
Co. owns the entire capital stock of this company.
Capital stock, $120,000, representing cost of road,
$104,170, and equipment, $15,830. F. P. Byrne,
Pres. & Gen. Mgr. ; H. S. Hastings, Sec. & Treas.,
St. Mary's, Pa. Office, St. Mary's, Pa.
Kersey RR.— Paine to Byrne, Pa., 9.48 m.;
branch, Byrne to Cherry Run, Pa., 2.90 m.— total,
12.38 m.; total track (steel; 85 Ibs.), 18.95 miles.
Chartered May 13, 1900; road opened May 1, 1901.
Rochester, Hornellsville and l.ncka-
ivanna RR.— Hornellsville to Hornellsville Junc-
tion, N. Y., 10.13 m.; total track (steel; 56 Ibs.),
11.74 miles. Chartered June 9, 1880. Cost of road
to June 30. 1901 (purchase of construtrted road at
foreclosure sale). $60.000. H. S. Hastings, And. for
Lessee, St. Mary's, Pa.
POOR'S MANUAL OF RAILROADS.
137
9. Board of Directors, The Pittsburg, Shawmut and Northern RR. Co., elected Jan. 13, 1902.
John Byrne New York, N. Y.
Frank H. Davis... "
George B. Sheppard "
Fred. H. Ridgway.
Newell C. Knight ....... Chicago, 111.
lar
Lewis F. Wilson.. .New York, N. Y.
Harry M. Gough.. . "
Guy Wellman . . . .Friendship, N. Y.
Edwin E. Tait Bradford, Pa.
William W. Clark. . .Wayland, N. Y.
Frank Sullivan Smith. Augelica,N. Y.
Charles E. Barrett. .New York, N. Y.
William F. Cbpp .................................. St. Mary's, Pa.
JOHN BYRNE, President ................................ New York, N. Y.
Frank Sullivan Smith, Vice-President and General Counsel, Angelica, N. Y.
D. F. Maroney, Vice-Pres. (in charge transp. and traffic) ____ St. Mary's, Pa.
G. H. Jones, 4th Vice-Pres. (in charge of coal business) ...... " " "
tary— Lewis F. Wilson ........... New York, N. Y. Treasurer— Harry M. Gough .......... New York, N. Y
/Sec.— Frederic W. Frost ........ Asst. Treas. & Aud.~ Henry S. Hastings. .St. Mary's, Pa
PRINCIPAL OFFICE AND ADDRESS ................ 45 Wall Street, New York, N. Y.
READING COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Advances to Subsidiary Cos 10
Bonds and Interest Guaranteed. . 8
Bonds and Stocks Owned 11
Capital Stock, Description of 6
Car and Equipment Trusts 8
Central RR. of N. J., Interest in . 2
Coal Interests 2
Consolidated Income Account... 3
Directors and Officers 12
Funded Debt, Details of 7
General Balance Sheet, June 30,
1901 5
History 1
Income Account, Years 1900-1901. 3
Mileage of System, 1892-1901 2
Operations & Earnings, 1892-1901 4
Permanent Invest., Descrip. of . . . 2
Preferred Stock, Rights and Lim-
itations 6
Railroads Controlled 2
Securities Owned 11
Stocks and Bonds Owned 11
Subsidiary Cos., Claims Against. 10
Voting Trust 6
1. History. — Incorporated as Excelsior Enterprise Co., May 24, 1871. Name changed to
National Co. Jan. 18, 1873, and to Reading Co., Dec. 7, 1896 (see MANUAL for 1898, page 710).
2. Permanent Investments. — The company owns practically the whole capital stock of
the Philadelphia and Reading Ry. Co. and of the Philadelphia and Reading Coal and Iron
Co. It also owns the $20,000,000 purchase money mortgage bonds issued by the Philadelphia
and Reading Ry. Co., together with the railway and marine equipment, and all the real estate
of the old Philadelphia and Reading RR. Co., which was not appurtenant to the railroad
itself. The equipment is leased to the Philadelphia and Reading Ry. Co., which agrees to
keep unimpaired its carrying capacity and its working efficiency. An inventory of this equip-
ment is given in the statement for the Philadelphia and Reading Ry. Co., Sections 5 and 6.
In addition to its interest in the stock and bonds of the P. & R. Ry. Co. and in the stock
of the P. & R. C. & I. Co., the Reading Company is also interested in the securities of various
other railroad companies closely identified with the Reading System, and owns practically
all the stock of the Reading Iron Co.
Statement showing the mileage of railroads controlled by the company, June 30, 1901 :
Main
Track.
Second
Track.
Third and
Other
Tracks.
Sidings
and
Laterals.
Total
Track.
Philadelphia and Reading Ry. and Leased Lines .
Atlantic City RR
M.
1,000.31
167 44
M.
420.51
56.78
M.
11.52
M.
923.29
37 77
M.
2,355.63
261 99
Catasauqua and Fogelsville RR
29.50
7 65
37 15
Chester and Delaware River RR
5.35
5.33
10 68
Gettysburg and Harrisburg Ry ....
34.07
4 69
38 76
Middletown and Hummelstown RR .
6 35
2 56
8 91
North East Pennsylvania RR
25.64
1.91
3.91
31 46
Perkiomen RR . .
38.33
11.97
50 30
Philadelphia and Frankford RR
2 59
1 50
4 09
Philadelphia and Chester Valley RR
21 49
3 78
25 27
Philadelphia Newtown and New York RR. .
21.70
3 42
25 12
Port Reading RR . .
21.21
27.79
49 00
Reading and Columbia RR.
59.73
14.85
74.58
Rupert and Bloomsburg RR
1.57
0 71
2 28
Stony Creek RR . .
10.07
3 42
13 49
9.91
1 43
11 34
Totals
1,455.26
479.20
11.52
1,054.07
3,000.05
13S
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
Statement of the mileage of the system at the close of each fiscal year for ten years :
LINES OF ROAD.
SECOND, SIDE, & OTHER TRACKS.
AGGREGATE TRACK.
P.&R.
Leased
Lines.
Cont.
Roads.
Total.
P.&R.
Leased
Lines.
Cont.
Roads.
Total.
P.&R.
Leased
Lines.
Cont.
Roads.
Total.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
M.
1892.
827.00
1,591.20
304.70
2,222.90
593.20
1,864.00
135.30
2,592.50
920.20
3,455.20
440.00
4,815.40
1893.
827.00
553.90
289.30
1,170.20
598.70
595.90
134.80
1,329.40
925.70
1,149.80
4*4.10
2.499.60
1894.
827.00
553.90
291.90
1,172.80
606.90
600.50
135.00
1,342.40
933.90
1,154.40
426.90
2,515.20
1S96.
327.00
553.90
277.90
1,158.80
613.80
604.10
133.20
1,351.10
940.80
1,158.00
411.10
2,509.90
1896.
827.00
553.90
277.50
1,158.40
613.40
606.50
137.40
1,357.30
940.40
1,160.40
414.90
2,515.70
1897*
327.00
553.90
277.50
1,158.40
634.30
607.30
137.70
1,359.30
941.30
1,161.20
415.20
2,517.70
1898*
365.23
548.48
452.79
1,366.50
598.55
601.42
171.05
1,371.02
963.78
1,149.90
623.84
2,737.52
1899*
365.23
549.85
541.56
1,456.64
612.06
617.92
205.37
1,435.35
977.29
1,167.77
746.93
2,801.99
1900"
365.55
634.64
453.46
1,453.65
639.22
662.82
178.09
1,480.13
1004.77
1,297.46
631.55
2,933.78
1901*
365.55
634.76
454.95
1,455.26
664.23
691.09
189.47
1,544.79
1029.78
1,325.85
644.42
3,000.06
* Years ending June 30; previously the fiscal years ended Nov. 30.
The Reading Company owns more than 53£ p. c. of the capital stock of the Central
RR. Co. of New Jersey, and together with that company owns or controls about 63 p. c. of
all the unmined anthracite coal in the State of Pennsylvania.
3. Consolidated Income Account. — The following is a consolidation of the income
accounts of the Reading Co., Philadelphia and Reading Ry. Co., and Philadelphia and
Reading Coal and Iron Co., for the year ending June 30, 1901, and comparison with the year
ending June 30, 1900 :
1900-01
1899-00
1900-01
1899-00
Income from P. & R. Ry. Co. :
Int. on Purch. Money Mtge.
Interest, Leased Lines, etc.,
Rent Del. River Wharves. .
Rent of Equipment
Totals
$
1,200,000 00
575,621 30
50,00000
1,542,000 00
1
1,200,000 00
426,190 75
50,00000
1,502,000 00
Expenses, Reading Co
S
61,507 16
18,566,352 07
27,993,148 92
$
36,379 90
17,253,429 23
27,567,581 35
Expenses, P. & R. Ry. Co. ...
Expenses, P. & R. C. & I. Co.
Total Expenses
46,621,008 15
15,522,463 35
3,278,864 86
9,211,196 79
369,314 65
44,857,390 48
14,266,735 05
2,964,637 60
8,904,248 76
459,847 86
3,367,621 30
94,317 17
1,395,294 08
24,211 03
3,178,190 75
98,960 91
1,044,107 18
15,28544
Fixed Charges and Taxes :
Reading Co
Real Estate Rents
Interest and Dividends
Phila. & Reading Ry. Co...
Phila. & Reading C. & I. Co.
Totals
Income, Schuylkill Canal
Total Rec'pts Reading Co.
Receipts of P. & R. Ry. Co. . .
Receipts of P. & R. C. &I. Co.
Gross Receipts
4,881,443 58
28,344,169 72
28,917,858 20
4,336,494 28
26,902,987 19
27,884,644 06
12,859,376 30
2,663,087 05
12.328,734 22
1,938,000 83
62,143,471 50
59,124,125 53
1900-01 1899-00
Fixed Charges and Taxes, as above $12,859,376 30 $12,328,734 22
Less Income of Reading Co., included in Fixed Charges of Ry. Co., as above 3,367,621 30 3,178,190 75
Net Fixed Charges and Taxes $9,491,755 00 $9,150,543 47
4. Statement of business for ten fiscal years, of the railroad and the coal and iron prop-
erty for the years 1892-96, and of all three companies for 1897-1901 :
EARNINGS, EXPENSES, ETC., OP THE RAIL-
ROAD SYSTEM FOR THE TEN YEARS.
TRAFFIC AND JOINT EARNINGS OF THE ENTIRE PROPERTY.
Coal
Output of
Pas-
Merchan-
Coal from
Gross
Working
Net
sengers
Carried
dise
Lands of
Gross
Net
Earnings.
Expenses.
Earnings.
Carried
One Mile.
(Tons of
8,240 IDS.)
One Mile.
Carried
One Mile.
C'l & Iron
Co., Tons
2,240 Ibs.
Receipts.
Income.
$
$
$
$
$
1892— Nov. 30.
24,324,065
13,656,828
10,667,237
232,244,835
1,220,410,948
623,205,305
7,163,173
46,228,826
9,436,520
1893
24,155,895
14,087,400
10,068,495
240,488,479
1,276,830,598
544,165,827
7,279,914
48,742.764
8,677,896
1894
20,344,775
11,278,989
9,065,786
233.319,790
1,150,390,430
491,873,797
7,415,93'-> 43.714,142
7,328.292
1895
21,300,575
11,628,412
9,672,163
233,236,661
1,275,380,978
595,236,370
7,860,011 46,647,557
7,581,007
1896
20,682,676
11,304,859
9,377,817
229,710,101
1,251,943,568
588,620,741
7,267,975 45.288,160
7,819,707
1897— June 30.
20,235,294
10,796,012
9,439,282
225,315,789
1,154,533,936
554,265,865
7,128,610 42.403,581
9,337.491
1898
21,475,242
11,142,162
10,333,080
235,746,932
I,390,656,a31
687.213,585
7,626,676 45.256.624
10,420,364
1899
22,456,193
12,281,898
10,174,295
247,221,152
1,468,237,195 822,615,211
8.183.644 4(i.K82.908!lO,239.061
1900
26,109,734
14,534,065
11,575,669
275,418,845
1,643,836,143 1.004.500,6*1
9,219. 7»>i 55,945.935 11.088.544
1901
27,617,421
15,742,920
11,874,501
284,286,512
1,703,914,695
1,026,066,631
9,253,974 58,775,850
12,154,842
POORS MANUAL — HEADING COMPANY.
139
5. General Balance Sheet, June 30, 1901.
Railroad Equipment $18,001,078 41
Floating Equipment 2,107,650 00
Real Estate Owned by the Company 16,516,199 46
Leased Equipment 747,61205
Mortgages and Ground Rents 262,71499
Stock and Bonds, P. & R. Ry. Co 40,000,000 00
Stock of P. & R. Coal & Iron Co 8,000,000 00
Stocks and Bonds, Sundry 69,268,93509
Phila. & Reading Coal & Irun Co 78,798,653 83
P. & R. Ry., Acct. Securities Retired... 47,500 00
Due by Sundry Companies 1,059,70812
Cash and Current Assets 976,283 19
First Preferred Stock .$28,000,000 00
Second Preferred Stock 42,000,000 00
Common Stock 70,000,000 00
Funded Debt (see below) 92,914,190 59
Contingent Account 599,823 45
Current Business Debts 38,721 13
Accrued Interest and Taxes 485,175 25
J. P. M. & Oo., Acct. C. & I. Co. Bonds. 56,000 00
Gen. Mtge. Bonds Purchased & Cancelled 824,000 00
Sinking Fund Gen. Mtge. Loan 523 41
* Profit and Loss, Surplus 1,467,90131
Total Property and Assets $236,386,33514 Total Liabilities '...$236,386,33514
* Surplus, June 30, 1900, $1,227,935.95; surplus for year ending June 30, 1901, $1,541,071.56— total,
$2,769,007.51. Deduct: Sinking fund general mortgage loan, $366,370.95; dividends paid (Sept 10, 1900,
$374,735.25; March 8, 1901, $560,000), $934,736.25— total, $1,301,106.20. Net surplus, $1,467,901.31.
6. Capital Stock;.— All of the capital stock (except 2,000 shares of common stock) is deposited with
Messrs. J. Pierpont Morgan and Frederic P. Olcott, of New York, and C. S. W. Packard, of Philadelphia,
as voting trustees, under an agreement which provides that it shall be held by them until Jan. 1, 1902, and
for such further period as may elapse before the first preferred stock shall have received cash dividends of
4 p. c. per annum for two consecutive years, although the voting trustees may, in their discretion, deliver
the stock at any earlier date. Four semi-annual dividends have been paid on the first preferred stock, 1J
p. c. each in March and Sept., 1900, and 2 p. c. each in March and Sept., 1901.
It is provided that no additional mortgage shall be put upon the property acquired under the plan of
reorganization, nor shall the amount of the first preferred stock authorized under said plan be increased,
except with the consent, in each instance, of the holders of a majority of the whole amount of each class of
preferred stock, given at a meeting of the stockholders called for that purpose, and with the consent of the
holders of a majority of such part of the common stock as shall b£ represented at such meeting, the holders
of each class of stock voting separately; also that the amount of the second preferred stock shall not be in-
creased except with like consent by the holders of a majority thereof, and a majority of such part of the
common stock as shall be represented at the meeting; except that at any time after dividends at the rate of
4 p. c. per annum shall have been paid for two consecutive years on the first preferred stock, the company may
convert the second preferred stock at par, one-half into first preferred stock and one-half into common stock,
and may increase said classes of stock by the necessary amounts. During the existence of the voting trust the
consent of holders of like amounts of the respective classes of beneficial certificates is also necessary for any
increase of stock other than for the purpose indicated. The Reading Co. reserves the right to redeem at any
time either or both classes of its preferred stock at par in cash, if allowed by law.
7. Funded Debt — The funded debt outstanding on June 30, 1901— total, $92,914,190.59, as per
general balance sheet — consisted of the several issues of bonds listed in the following statement (additional
particulars will be found in the Ready Reference Bond List — see General Index) :
$66,262,000 00 gen. gold 4s of Jan. 1, 1997.
1,048,190 59 bonds and mtges. on real estate.
500,000 00 D. R. Term, gold 5s of May 20, 1942.
00 D. R. T. Ext. gold 5s of July 1, 1942.
1,295,000 00 W. & N. RR. stock trust certificates.
23,000,000 00 J. C. coll. gold 4s of April 1, 1951.
GENERAL MORTGAGE LOAN. — This loan is secured by a joint mortgage of the Reading Co. and the
Philadelphia and Reading Coal and Iron Co. to the Central Trust Co. of New York, as trustee. Excepting
mortgages and ground rents of an aggregate value of $262,714.99, and excepting $7,789,960.94 par value of
canal securities, valued at $1,000, the mortgage covers all the property, including stocks and bonds (except
such few shares of stock as qualify directors, etc.), owned by the Reading Co., and all the property of the
Co'al and Iron Co., but subject to the prior liens referred to hereafter. It will also cover any property
hereafter acquired through the use of gen. mtge. bonds. A list of the stocks and bonds of sundry com-
panies deposited with the trustee under the mortgage will be found elsewhere in this statement.
The amount of bonds authorized by the mortgage is $135,000,000, of which $67,086,000 had been issued June
30, 196l, but that amount included $824,000 of bonds retired and cancelled. Of the $66,262,000 listed in
the statement of funded debt, $62,857,000 represented bonds actually outstanding, the remaining $3,405,000
being held in the treasury. It is provided that in any year in which dividends are declared or paid on
either class of the capital stock a sum equal to 5 cents a ton on the anthracite coal mined during the
preceding year from the lands of the Coal and Iron Co. shall be paid to the trustee under the mortgage, if
the aggregate of dividends so declared shall be equal to or in excess of such sum, and otherwise such lesser
sum as shall be equal to the aggregate of such dividends. The amounts thus received by the trustee are
applied to the retirement of gen. mtge. bonds at a price not to exceed par and accrued interest, unless
the Reading Company approves of the payment of a higher price. The trustee may also invest the amounts
received under this provision in the securities in which the savings banks of the State of New York shall
be at that time authorized to invest their funds. Of the $67,914,000 of gen. mtge. bonds unissued on
June 30, 1901, a sufficient amount was reserved for the retirement of the several issues of underlying
bonds and real estate mortgages of the Reading Company, the railway company and the coal and iron
company, and $15,500,000 was reserved to be issued at not exceeding the rate of $1,500,000 a year for the
following purposes: (a) For the acquisition of additional shares of stock, if issued by the P. & R. Ry. Co.,
and of additional bonds of said company to be issued under its mortgage dated Nov. 18, 1896, such stock
and bonds to be pledged under the Reading Company's mortgage; and (6) for the acquisition of railway
lines, extensions, terminal properties or rolling stock, etc., etc., or for the construction of betterments.
WILMINGTON AND NORTHERN STOCK TRUST CERTIFICATES.— Secured by $1,495,200 of the capital stock of
the Wilmington and Northern RR. Co. deposited in trust with the Girard Trust Co., Philadelphia, Pa.
The trust certificates are redeemable at 105 p. c. and accrued interest.
JERSEY CENTRAL COLLATERAL TRUST BONDS.— Secured on $14,500,000 of the capital stock of the Central
RR. of New Jersey; $1,495,000 of the capital stock of the Perkiomen RR. Co., and $440,000 of the capital
stock .of the Port Reading RR. Co., all of which are deposited in trust with the Pennsylvania Co. for
Insurances on Lives and Granting Annuities, of Philadelphia, Pa. The authorized issue is $45,000,000, but
the remainder can be issued only for the purpose of acquiring additional shares of the capital stock of
the Central RR. Co. of New Jersey, which are to be likewise deposited under the mortgage. The bonds
are subject to redemption at 105 p. c and accrued interest, on any interest date after April 1, 1906, on
six months' previous notice.
140
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
8. BondM ii ml Interest Guaranteed. — The following statement shows the guaranties of bonds
and interest by the Heading Company and by the Philadelphia and Heading Ry. Co. For further details
see the separate statements for the several railroads named in the statement:
.!/ 1,-n town Terminal RR. ; $450,000 1st gold 4s of
July 1, 1919, guaranteed as to principal and inter-
est by the Philadelphia and Reading Ry. Co., and
the Lehigh Coal and Navigation Co., jointly.
Atlantic City RR. ; $2,200,000 1st gold 5s of May
1, 1919, guaranteed as to principal and interest by
the Philadelphia and Reading Ry. Co.; and
$4,500,000 1st consol. gold 4s of July 1, 1951,
guaranteed as to principal and interest by the
Reading Co. .
Catatcissa RR.; $195,500 1st 6s of Aug. 1, 1902, and
$2,029,500 ($2,215,000 auth.) 1st consol. gold 4s of
April 1, 1948— both issues guaranteed as to prin-
cipal and interest by the Philadelphia and Reading
Ry. Co.
Delaware and Bound Brook RR.: $1,500,000 1st 7s
of Aug. 1, 1905, and $300,000 2d 6s of Aug. 1,
1905— interest on both issues guaranteed by the
Philadelphia and Reading Ry. Co. under the terms
of the lease.
East Pennsylvania RR. ; $495,000 1st gold 4s of
March 1, 1958, guaranteed as to principal and in-
terest by the Philadelphia and Reading Ry. Co.
Gettysburg and Harrisburg Ry. ; $215,000 1st gold
5s of Oct. 1, 1926, guaranteed as to principal and
interest by the Philadelphia and Reading Ry. Co.
Norristown Junction RR. ; $37,000 1st 5s of Feb. 1,
1910, interest guaranteed by the Philadelphia and
Reading Ry. Co. under the terms of the lease.
Northeast Pennsylvania RR. : $400,000 1st gold 5s
of April 1, 1920, guaranteed as to principal and
interest by the Philadelphia and Reading Ry. Co.
North Pennsylvania RR. • $1,500,000 1st 4s of May
1, 1936; $4,500,000 gen. 7s of Jan. 1, 1903; $1,200,-
000 6 p. c. loan of Sept. 1, 1905, and $302,000
funding gold 4s of Nov. 1, 1928. Interest on all
four issues is guaranteed by the Philadelphia and
Reading Ry. Co. under the terms of the lease.
Perkiomcn RR. ; $1,924,600 1st gold 5s of Jan. 1,
1918, in two series, guaranteed as to principal and
interest by the Philadelphia and Reading Ry. Co.
Philadelphia and Chester Valley RR. ; $280,510
preferred gold 4s of April 1, 1938, and $100,000
nonpreferred gold 3s of April 1, 1938, both issues
guaranteed as to principal and interest by the
Reading Co.
Philadelphia and Frankford RR. ; $500,000 1st gold
4s of Aug. 1, 1922, guaranteed as to principal and
interest by the Reading Co.
Philadelphia, Harrisburg and Pittsburgh RR. :
$2,000,000 1st gold 5s of Oct. 15, 1925, guaranteed
as to principal and interest by the Philadelphia
and Reading Ry. Co.
Philadelphia, Neictown and New fork RR.: $507,-
000 1st gold 3s of Oct. 1, 1942, guaranteed as to
principal and interest by the Reading Co.
Port Reading RR. ; $1,500,000 1st gold 5s of Jan. 1,
1941, guaranteed as to principal and interest by
the Philadelphia and Reading Ry. Co.
Schuylkill and Lehigh RR. ; $600,000 1st 4s of May
1, 1948, guaranteed as to principal and interest by
the Reading Co.
Shamokin, Sunbury and Lewisburg RR. ; $1,000,-
000 1st 5s of May 1, 1912, and $1,000,000 2d gold
6s of July 1, 1925 — interest on both issues guar-
anteed by the Philadelphia and Reading Ry. Co.
under the terms of the lease.
Wilmington and Northern RR: $354,000 1st 5s
of Dec. 1, 1927, interest guaranteed by the Phila-
delphia and Reading Ry. Co. under the terms of
the lease; and $406,000 gen. gold 5s of Aug. 1,
1932, endorsed guaranteed as to principal and
interest by the Reading Co.
9. Equipment Trust Obligations.— Under date of Dec. 26, 1899, a car trust deed (now known
as Series A) for $3,600,000 was executed, with A. T. Stotesbury of Philadelphia, as lessor and trustee. The
trust runs to July 1, 1907, with interest at 4 p. c. per annum, payable Jan. and July, at the office of Drexel
& Co., Philadelphia, Pa. The principal is to be paid in semi-annual installments of $252,000 each up to
and including Jan. 1, 1907, and one payment of $324,000 on July 1, 1907. These payments will be made
from the renewal fund. The trust covers 30 locomotives, 30 passenger cars, 500 box freight cars, 200
refrigerator cars, 2,500 wooden coal cars and 1,000 gondola cars. Under date of Sept. 1, 1901, there were
issued $3,200,000 of railroad and marine trust certificates, payable $200,000 semi-annually from March 1,
1902, to Sept. 1, 1909, with interest at the rate of 4J p. c. per annum, payable March and Sept. at the
office of Drexel & Co., Philadelphia, Pa. The certificates are payable in gold, both principal and interest.
Trustee: Girard Trust Co. of Philadelphia, Pa. The trust certificates do not appear on the general balance
sheet of the Reading Co., or of the Philadelphia and Reading Ry. Co., as they were not issued by either
company.
1O. Statement of claims against other companies due Reading Co., June 30, 1901 :
Atlantic City RR. Co $430,361 73
Chester and Delaware River RR. Co 142,769 78
Camden County RR. Co 84,07434
Cape May, Del. Bay & Sewells Pt. RR. Co. 15,957 07
Delaware River Ferry Co. of New Jersey . . 178,292 40
East Pennsylvania RR. Co 9,844 65
East Mahanoy RR. Co 8,742 59
Gettysburg and Harrisburg Ry. Co 128,911 71
Middletown and Hummelstown RR. Co. ... 36,419 67
Mammoth Vein Coal and Iron Co 72,800 00
North Pennsylvania RR. Co 23,456 76
North East Pennsylvania RR. Co 131,520 78
Philadelphia and Chester Valley RR. Co. . . 83,285 46
Philadelphia Belt Line RR. Co 9, 129 64
Philadelphia & Reading Terminal RR. Co. 2,290.070 58
Philadelphia and Frankf ord RR. Co 271 ,963 23
Pickering Valley RR. Co 399,023 79
Preston Coal and Improvement Co 380,225 00
Brought forward $4,706,849 18
Port Reading RR. Co 52,459 79
Reading and Columbia RR. Co 32,768 78
Rupert and Bloomsburg RR. Co 29,941 09
Stony Creek RR. Co 389,289 15
Tamaqua, Hazleton and Northern RR. Co. 61,352 04
Tremont Coal Co 255,00000
West Chester Street Ry. Co 17,903 64
$5,535,563 67
Less Crediti, :
Allentown RR. Co $25,363 99
Philadelphia, Harrisburg and
Pittsburgh RR. Co 719,310 83
Shamokin, Sunbury and Lew-
isburgRR. Co 612,44470— 1,357,11952
Net Amount of Claims $4,178,444 15
Valuedat 1,059,70812
These claims represent mainly advances to sub-companies for construction and for acquisition of new
property, made by the old P. & R. RR. Co. and the receivers, and were acquired by the present Reading Com-
pany through the receiver's sale, excepting $450,716, which has been advanced by the present organization
for the acquisition of new property.
POOR'S MANUAL — READING COMPANY.
141
11. Stocks and Bonds Owned,
the Reading Co., and the cost of
1901, consisted of the following :
— The stocks and bonds of sundry companies owned by
which is shown in the general balance sheet of June 30,
BONDS.
Catawissa RR. Co., Con. Mtg.
Camden County RR. Co
Pledged Not Held
Under by Trustee
General of General
Mortgage. Mortgage.
185,000 00
STOCKS.
C. M., Del. Bay & Sew. Pt.
RR. Co. com
Danv. & Sham'n RR.Co.,com.
Del. R. F'y Co. of N. J., com.
East Mahanoy RR. Co., com..
East Penna. RR. Co., com
Eastern Real Est. Co., com. .
Pledged Not Held
Under by Trustee
General of General
Mortgage. Mortgage.
8 $
138,200 00
245,000 00 5,000 00
490,000 00 10,000 00
280,000 00 3,650 00
875,000 00 3,850 00
1,00000
39,000 00
593,400 00 2,300 00
2,500 00
Colebrookdale RR. Co
Central RR Co of Pa
Certificate of Deposit under
Phila. Subway Contract
500,000 00
Cape May, Del. Bay & Sewells
Pt. RR. Co
150,000 00
Gettys. & Har. Ry. Co., com..
Longmead Iron Co.. com
Mid. & Hum. RR. Co., com..
Mill Creek & Mine Hill Nav.
& RR. Co., com
535,000 00 5,700 00
240 00
170,000 00 5,000 00
47,500 00 675 00
81,00000
Gett. & Har. Ry. Co. CarTr'ts
Int. in Schu. Nav. & Sus.C. Co.
Mansion House Hotel Co.
18,00000
1,00000
7,000 00
Norristown Junction RR. Co.
Ocean City RR. Co
50000
124,10000
M. H. & S. H. RR. Co., com..
M. C. & P. C. RR. Co., com. .
Norristown Jc. RR. Co., com.
N. E. Penna. RR. Co., com.. .
North Penna. RR. Co., com. .
Ocean City RR. Co., com
Ocean City RR. Co., Scrip. . .
Phila. & Reading RR. Co. De-
benture & Guarantee Scrip .
People's Ry. Co.
20,677 50
3750
37,500 00 1,300 00
17,500 00 2,500 00
315,000 00 3,950 00
128,800 00
36,000 00
Perkiomen RR. Co. ....
161,10000
125,00000
Phila., Read. & Pottsv.Tel. Co.
Phil. & Ches.Vy. RR.Co.,pref.
P. & C. Vy. RR. Co., not pref.
Phil., Harris. & Pitts. RR. Co.
Phil., Newt'n & N. Y. RR. Co.
Pick'r'gVy. RR. Co
200,000 00
Ocean St. Pass. Ry.Co., com.
Peo.'sRy. Co. of Pottsv., com.
Perkiomen RR. Co., com
4,00000
25 000 00
53,500 00 560 00
1,498,80000
47,00000
1,472,00000
Phil. & Ches. V. RR. Co., pref.
Phil. & Ches. V. RR. Co., com.
Phila. & Fr'k'd RR. Co., com.
Phila., H. & P. RR. Co., com.
P. & R. Term. RR. Co
205,10000
849,100 00
450,000 00 4,450 00
498,950 00 1,050 00
1,995,000 00 5,000 00
8,600,000 00
332,300 00
Phi). & Frankford RR. Co. . .
3,000 00
ReadingCo. Gen.Mtge .
. . . . 3,405,000 00
Read. & Col. RR. Co., 1st Mtg.
Read. & Col. RR. Co., 2d Mtg.
Read. & Col. RR. Co., Debent.
Schuylkill & Lehigh RR. Co..
Schuy'll Nav. Co., Loan, 1872.
Schuy'll Nav. Co., Loan, 1882.
S. N. Co., Improv. Loan, 1880.
Schuy'll Nav. Co., Loan, 1895.
S. N.'Co., Boat and Car Loan.
Sea Coast RR. Co., Series A.
9,500 00
Phil. Belt LineRR. Co., pref.
Philadelphia Bourse, pref. . .
78,000 00
35,000 00
575 00
1 000 000 00
Philadelphia Bourse, com
1 500 00
109,00000
Phila. Harbor Transfer
20,000 00
1,685,59000 5,00000
3,940,646 00 194 25
228,000 00
1,181,00000 6,00000
1,320,05000 20000
125,40577
P.,.N. & N. T. RR. Co., pref.
P., N. & N. Y. RR. Co., com .
P., R. & P. Tel. Co., com
Pickering Vy. RR. Co., com..
Port Reading RR. Co., com. . .
Props Susqueh. Canal
375,000 00
625 600 00
18,450 00 1,050 00
60,000 00 1,750 00
1,555,000 00 445,000 00
375,000 00
Sea Coast RR. Co., Series B. .
589,784 36
Pottstown Iron Co., 1st pref.
Pottstown Iron Co., 2d pref. .
8,541 06
So. Mount. Ry. & Mining Co.
Tarn., Haz. & Nor. RR. Co. . .
Temple Iron Co
100,000 00
48,73819
300,000 00
Pottsv. Union Trac. Co., com.
Reading Co., com
80,400 00
347,000 00
50,000 00
Totals
Read. & Colum. RR. Co., com.
Reading Belt RR., com
785,000 00 3,200 00
750,000 00
13,766,68600 5,389,69938
1,071,40000 5,00000
998,550 00 600 00
1,195,00000 5,00000
25,000 00
STOCKS.
Allentown RR. Co., com
Atlantic City RR. Co., pref...
Atlantic City RR. Co., com...
Beaver Creek Water Co., com
Camden County RR. Co., com.
Catas. & Fogels. RR. Co., com.
Reading Iron Co., com
998,000 00 2,000 00
48,000 00 2.000 00
598,000 00 2;000 00
61,000 00 1,300 00
1,995,00000 5,00000
19,50000 50000
90,900 00
Rup. & Blooms. RR. Co., com.
Schuy. & Le'gh RR. Co., com.
Schuy. V. N. & RR. Co., com.
Sha., Sun. & L. RR. Co., com.
Slatington RR. Co., com
Stony Creek RR. Co , com . . .
50,000 00 44,200 00
251,62500 2,50000
11,40000
Swedes Ford Brdg. Co., com..
Sea Coast RR. Co , pref
9,00000
Catawissa RR. Co., 1st pref . .
Catawisea RR. Co., 2d pref. . .
Catawissa RR. Co., com
589,785 00
15,50000
Sea Coast RR. Co., com
589,785 00
732,800 00
Tarn., Haz. & Nor. RR., com.
Temple Iron Co., com
Wilm. & No. RR. Co., com..
West Ches. St. Ry. Co., com.
Totals.. . .
295,000 00 5,000 00
283,10000
1,495,200 00
4,500 00
Cen. D'k & Ter. Ry. Co., com.
Cen. Trans. Co. of Lyons.com.
Ches. & Del. R. RR. Co., com.
Colebrookdale RR. Co., com.
Cent. RR. Co. of N. J., com . .
181,600 00 3,800 00
12,600 00
37,500 00 2,500 00
276,500 00 5,000 00
14 504 000 00
17,033,875 00 31,520,349 25
$48,554 224 25
Par Value of Bonds
SUMMARY.
$19,156,385 38 Var Valnp of Storks
Value as per Balance Sheet . .
. 18,208,893 21
Value as per Balance Sheet . .
..:... 51.060.04188
12. Board of Directors, Reading Co., elected June 3, 1902.
George F. Baer Philadelphia, Pa.
A. J. Antelo
J. Lowber Welsh.. " "
George C. Thomas. Philadelphia, Pa.
Henry A. Dupout.. Wilmington, Del.
Henry P. McKean.. Philadelphia, Pa.
Samuel Dickson. . .Philadelphia, Pa.
Chas. Steele New York, N. Y.
Joseph S. Harris . .Philadelphia, Pa.
GEORGE F. BAER, President Philadelphia, Pa.
W. R. Taylor, Vice-President
Treasurer— Vf . A. Church Philadelphia, Pa. | Secretary— A. H. Moore Philadelphia, Pa.
Comptroller — D. Jones Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Reading Terminal, Philadelphia, Pa.
142
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
READING COMPANY— SUBSIDIARY CORPORATIONS.
IM)EX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Owned 7
Bonds Outstanding 3 to 5
Coal Estate, Value of 1
Coal Lands Owned 1
Coal Trust Certificates 6
Collateral Sinking Fund Bonds. . 5
Directors and Officers 10
Divisional Bonds, Details of. ... 4
Funded Debt 3 to 6
General Balance Sheet, 1901 3
History 1
Income Account, Year 1900-01... 2
Liens on Property 1 and 4
Operations and lucerne. 1900-01 . . 2
Operat's and Income, 1900 <V 11(01. 9
Securities Owned, Details of 7
Sinking Fund, Details of 8
Stocks and Bonds Owned 7
PHILADELPHIA AND READING COAL AND IRON COMPANY.
1. History. — Chartered as Laurel Run Improvement Co., May 18, 1871, for the purpose
of acquiring and operating the coal properties with which the P. & R. RR. was connected.
Present name adopted Dec. 12, 1871. (See MANUAL for 1899, page 185.) Controlled by the
Reading Company through ownership of the capital stock. The company owns 86,091 acres
of coal land, valued at $76,289,489.85, controls 9,852 acres and leases 7,429 acres. AH of the
properties and franchises of the company are covered by the general mortgage of the Reading
Company.
2. Operations, year ending June 30, 1901. — Tons anthracite coal mined by company (from
lands owned, 6,697,121.13 ; from lands controlled, 326,897.11 ; from other lands, 992,916.14),
8,016,935.18; tons purchased, 967,434.11 ; tons sold, 9,100,516.02. On hand, 424,806.14 tons.
Receipts— coal sales (anthracite, $27,097,104.22; bituminous, $807,357.8-1), $28,504,462.06;
coal rents, $246,487.71 ; house and land rents, $94,284.20 ; interest and dividends, $54,486.40;
other receipts, $48,137.83— total, $28,917,858.20. Expenses— mining and repairs, $12,431,-
978.09; coal purchased (anthracite, $1,729,758.41; bituminous, $816,727.12), $2,546,485.53;
royalty of leased collieries, $482,056.63 ; transportation and handling of coal, $8,153,509.73 ;
(axes, $258,653.65; repairs of houses, etc., $17,588; commissions and all other expenses,
$952,435.82 ; damages account coal dirt, $27,586.26 ; coal sold from stock, $1.016,989.73 ; col-
liery improvements, etc., $806,307.97 ; depletion of coal lands fund, $413,052.89— total,
$27,106,644.30. Profit in operating, $1,811,213.90. Fixed charges and taxes, $369,314.65.
Surplus, $1,441,899.25; surplus forward, $280,253.15— total, $1,722,152.40. Less H p. c.
interest on Reading Company "loan account," $886,504.62. Balance to credit of profit and
loss, $835,647.78.
3. General Balance Sheet, June 30, 1901.
Property and Investments ($87,075,291.04):
Coal Lands $60,748,473 23
Timber Lands 659,965 00
New York and Eastern Depots 708,502 19
Western Yards and Depots 638,97097
Miners' and Other Houses 548,18767
Pottsville Shops. Real Estate & Imp.. 369,666 99
Storage Yards and Washeries 399,111 05
Other Real Estate 117,787 58
Improvements at Collieries 7,078,69032
Equipments at Collieries 2,302,467 63
Deadwork at Collieries 3,711,47731
Stocks and Bonds of Cos. Controlled.. 9,791,991 10
Cash and Current Assets 6,428,691 46
Depletion of Coal Lands Fund 778,001 12
Stocks, Bonds and Mortgages 121,93498
P. & R. Ry. Co., Current Account 287,047 53
Total Assets $94,690,966 13
Capital Stock
Divisional Coal Land Mortgage Bonds.
Albright Mtge. Loan, 1892-1902
P. & R. Collateral Sinking Fund Loan.
Reading Company
Coal Trust five 10-yr. Gold Loan
Current Liabilities
Balance to Credit of Profit and Loss. . .
$8,000,000 00
380,000 00
-"..">, 000 00
I,4h4,000 00
78,798,653 83
3,600,000 00
1,537,664 52
835,647 78
Total Liabilities $94,690,966 13
4. Divisional Bonds. — The divisional coal land mtge. bonds are dated and due as follows:
$85,500 dated 1872, due 1902; $72,000 dated 1882, due 1902; $206,000 dated 1884, due 1904; $16,500 dated 1893,
due 1903. These bonds bear interest at 5 p. c. and 6 p. c. per annum. General mtge. bonds of the Reading
Co. to an equal amount will be issued in place of them as fast as they are retired.
5. Collateral Sinking Fnnd Bonds — The collateral sinking fund loan was issued in 1892
by the Philadelphia and Reading RR. Co., and was assumed by this company in the reorganization of
1896. It matured on Feb. 1, 1902, but was extended to Feb. 1, 1932, the rate of interest being reduced to
4 p. c. per annum, and the sinking fund charge to the fixed sum of $30,000 per annum. The bonds are for
$1,000 each, in coupon form, with privilege of registration. Principal and interest, free of all taxes, are
payable in gold, at the Reading Terminal, Philadelphia, Pa.
«. Coal Trnst Certificates.— The oo.il trust certificates ($1,000 each) are dated April 2, 1894,
and mature April 1, 1904. They bear interest at the rate of 6 p. c. per annum, payable Jan., April, July
and Oct., at the Pennsylvania Oo. for Insurances on Lives and Granting Annuities, Philadelphia, Pa'.
Both principal and interest are payable in gold. The loan is secured by pledge with the Finance Oo. of
Pennsylvania of the coal and the coal accounts of the P. & R. Coal and Iron Co., the issue of securities
being limited to an amount which will leave 25 p. c. of value in the hands of the Finance Co.
POOR S MANUAL — READING SYSTEM.
143
7. Stocks and llonils Owned. — The company owns stocks and bonds of separate coal companies
as follows: Stocks — Preston Coal and Improvement Co., $2,834,150; Fulton Coal Co., $285,916.50; Locust
Gap Improvement Co., $499,909; Tremont Coal Co., $2,958,850; Mammoth Vein Coal and Iron Co.,
$004,990; Delaware Coal Co., $263,150— total, $7,446,965.50. Bonds— Preston Coal and Improvement 7 p. c.
mtge. bonds, $1,087,000; Tremont Coal Co. 6 p. c. mtge. bonds, $900,000; Mammoth Vein Coal and Iron
Co., $290,000— total, $2,277,000. Nearly all of the stocks just named are subject to the consol. mtge. of
1871-1911, and all of them are covered by the joint general mortgage executed by this company and the
Heading Co. (see page 139). The bonds (except $81,000 Mammoth Vein Coal and Iron Co., which are
held in the treasury) are deposited as collateral for the $1,621,000 sinking fund loan of 1892 issued by the
P. & R. RR. Co. but assumed by the Coal and Iron Co., and they are also covered Jby the joint general
mortgage of this company and the Heading Co.
8. Sinking: Fund. — As stated on page 139, the joint general mortgage of this company and the
Reading Co. requires a sinking fund of five cents a ton on coal mined from the lands of this company
to be set aside before the payment of dividends. This company seta aside annually an additional five
cents for each ton mined so as to make reasonable provision against the depletion of its estate. The total
amount of interest-bearing securities and cash in this fund on June 30, 1901, was $1,191,054.01, of which
$413,052.89, set aside from the earnings of the fiscal year, had not been invested, but was included in the
item " cash and current assets " on the general balance sheet. The fund will be used from time to time
for the acquisition of additional coal properties and the construction of collieries, whenever such acquis-
ition or construction is considered essential to the business interests of the company, and for the several
business necessities of the company not otherwise provided for.
9. Statement of operations and income, years ending June 30, 1900 and 1901 :
1900
1901
1900
1901
Tons Coal Mined :
8,031,951
1,187,813
8,016,935
1,237,038
Receipts :
Coal Sales — Anthracite
$
26,790,751 46
625,638 00
256,119 38
109,089 61
103,045 61
$
27,697,104 22
807,357 84
246,487 71
94,284 20
72,62423
Bituminous
Total Production
9,219,764
707,385
418,082
9,253,974
689,903
277,530
House and Land Rents
Tons Coal Purchased :
Other Receipts
Total Receipts
Not Included Above ....
27,884,644 06
26,682,731 17
28,917,858 20
27,106,644 30
1,125,467
166. 7 c.
9,379,427
285.6 c.
967,434
182.3 c.
9,100,516
313.2 c.
Net Receipts
1,201.91289
459,847 86
1,811,21390
369,314 65
Fixed Charges
Balance, Surplus
Average Rate per Ton
742,065 03
1,441,89925
1C. Directors, Coal and Iron Co. (elected Oct. 14, 1901). — A. J. Antelo, Thomas Mc-
Kean, John Lowber Welsh, Geo. C. Thomas, Joseph S. Harris, Philadelphia, Pa.; Chas.
Steele, New York, K T.
GEORGE F. BAER, President Philadelphia, Pa.
W. R. Taylor, Vice-President "
Treasurer— W . A. Church Philadelphia, Pa. I Gen. Mgr.—C. E. Henderson Philadelphia, Pa.
Secretary— W. Q. Brown "I Gen. Supt.—R. C. Luther Pottsville, Pa.
Gen. Coal Agent— Thos. M. Richards Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Reading Terminal, Philadelphia, Pa.
READING COMPANY— SUBSIDIARY CORPORATIONS.
PHILADELPHIA AND READING RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Canals,Coal Barges,etc.,oper.of 10-10a
Directors and Officers 14
Floating Equipment 6
Funded Debt, June 30, 1901 12
Gen. Balance Sheet, June 30, 1901. 11
History 2
Income Account, Year 1901 7
Income Account,Years 1895-1901 8
Interest on Bonds, Details of.... 7a
Leased Lines, Statements for. . . 13
Mileage in Detail, June 30, 1901. la
Mileage Operated, June 30, 1901. 1
Operations & Income, 1900-1901 9
Operations & Income, 1895-1901. 8
Reading Belt RR 2
Rentals Leased Lines, Details of. 7a
Rentals Leased Lines, 1895-1901. . 7b
Rolling Stock, Detail* of 5
Steam Colliers, Operations of. .10-10a
Subsidiary Roads, Statements for 13
Traffic Contracts 4
1. Mileage Operated, June 30, 1901 (owned, 365.55 miles).
Main Line : Philadelphia, Pa., to Mount Carbon, Pa 98.47 miles.
Branch lines owned by the c •mpany (see detailed statement following, Sec. la) 267.08 "
Branch lines leased by the company (see detailed statement following, Sec. la) 634.76 "
Total length of lines owned and leased, June 30, 1901. 1,000.31 miles.
2d track (owned, 181.59m.; leased, 238.92m.), 420.51 m.; 3d and other tracks (owned, 2.84m.;
leased, 8.68m.), 11.52 m.; sidings, etc. (owned, 479.80 m.; leased, 443.49 m.), 923.29 miles.
Gauge, 4 ft. 8} in. Rail (steel), 56 to 90 Ibs.
144
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
la. Statement showing in detail the mileage of roads owned and leased by the Phila-
delphia and Reading Ry. Co., June 30, 1901 :
NAKB or ROAD.
Main
Track.
Second
Track.
Total
Track.
NAME op ROAD.
Main
Track.
Second
Track.
Total
Track.
PAR Ry Main Line
M.
98.47
0.59
i!77
M.
98.38
M.
475.54
0.81
0.93
2.51
16.94
5.63
14.97
1.25
10.54
3.48
160.58
2.98
1.05
4.96
49.21
2.54
23.32
79.88
4.26
22.66
4.24
East Pennsylvania RR
M.
35.38
28.04
1 04
M.
18.28
25.27
M.
76.69
78.66
1.60
2.98
30.02
3.31
81.93
0.51
37.44
3.45
12.22
15.48
0.99
156.83
55.26
12.06
12.52
82.92
6.36
13.14
62.56
3.37
2.09
5.85
51.27
0.78
19.37
8.24
56.63
97.24
2.76
5.53
7.79
3.60
1.19
1.84
. 0.97
Bellevue Branch
Linden Street Yard, Camden
Moselem Branch
Little Schnylkill RR
Greenwood Branch
Wabash Branch . . .
2 40
Mount Carbon Branch
7.69
1.25
9.86
1.18
2.72
1.60
1.67
1.24
2!72
M. C. &M. H. N. &RR
Colliery and other Branches
M.H. &S.H.RR
A. U. R. Branch No. 2. .....
Colliery Branches
3.81
29J2
0.36
3.81
19120
N L & P T. Branch
P. & C. Branch
Port Kennedy Branch
Tabor Branch
Venice Branch
Mount Eagle Branch
Tremont Extension Branch
M.C. & P. C. RR
Norristown Junction RR
North Pennsylvania RR
Delaware River Branch
Doylestown Branch
3.37
9.18
2.50
0.37
55.57
20.49
10 15
'i!75
2.45
0.37
54.54
20.49
Lebanon Valley Branch
53.75
2.28
0.80
2.61
42.28
1.59
53.74
Avon Branch
Manufacturer's Branch ... .
Steelton Branch
Lebanon and Tremont Branch
Good Springs Branch
Lorberry Branch
21.41
Pickering Valley RR
11 21
Mahanoy & Shamokin Branch
A. TJ. R. Branch No. 1
Herndon Branch
Mount Carmel Branch
26.94
3.85
20.35
2.74
22.05
P., G. &N. RR
20.66
4.03
8 94
20.33
0.02
Chestnut Hill Branch
Plymouth Branch...
P., H. & P. RR
42.73
2.90
1 54
3.38
Shenandoah Branch
6.59
53 .'37
1.86
1.79
10.54
64.11
61.69
5.16
Cleversbnrg Branch
P. & R. Ore Branch
Various Colliery Branches. .
S. & S. Branch
West Reading Branch. . . .
P. &R.T. RR
Schnylkill and Lehigh RR.. .
West Reading Branch . . .
S.V.N. &RR?
Colliery and other Branches
S., S. & L. RR
Wilmington & Northern RR .
Christiana Avenue Branch .
Delaware River Ex. Branch
French Creek Branch
Kentmere Branch
1.30
43.20
0.78
10.96
3l!29
71.50
1.87
3.70
5.90
2 77
1.30
'5i24
U.Sl
Total Owned
Allentown RR
Catawissa RR
365.55
4.45
98.17
0 63
181.59
18i49
1,029.78
5.08
179.76
2.31
0.81
1.62
0.77
3.62
15.59
68.72
4.26
8.09
14.42
5.35
Dougal Branch
Grove Branch
0.64
Milton Branch
0.95
Muncy Branch
0.65
Stiver Brook Branch
Colebrookdale Branch
1.91
12.84
Rockland Branch
1.00
South Walnut Street Branch
Wharf Branch
Total Leased....
1.07
0.60
Delaware & Bound Brook RR.
East Trenton Branch
27.09
3 03
27.09
Trenton Branch
3.72
634.76
238.92
1,325.85
East Mahanoy RR
7.57
3.38
2.10
Grand Total
Tamanend Branch
1,000.31
480.51
2,355.63
The dates of merger and lease of the several roads are shown in a table corresponding
with the preceding one in the MANUAL for 1898, on page 715. (See separate statements for
leased lines, subjoined hereto — Sec. 13.)
2. History. — Organized Nov. 16, to take over the railroads (but not the equipments and
other property) of the Philadelphia and Reading RR. Co., which were sold under fore-
closure Sept. 23, 1896. (See MANUAL for 1898, page 716.) The company controls the roads
formerly leased to the Philadelphia and Reading RR. Co., either by transfer of the old leases
or by new leases made since Nov. 30, 1896. It leases from the Reading Co. the railway and
marine equipment which it uses in the conduct of its business, and a number of wharves
and warehouses on the Delaware River, between South Street and Queen Street, Philadelphia.
The Reading Belt RR. is building around the city of Reading, Pa., a distance of 7.4
miles. The construction of this line will relieve the main line of the movement of all
through freight and coal trains through the business part of Reading, and will permit the
interchange outside of the city of the business of the main line and the Lebanon Valley
branch. The work is estimated to cost about $1,500,000. The capital stock of the Reading
Belt RR. Co. is $750,000, which has been provided for, and the balance of the money needed
will be provided out of an issue of $750,000 of 4 p. c. mtge. bonds, which has been sold. The
Reading Co. owns the capital stock, and guarantees the bonds, both principal and interest.
3. Business, Terminal Facilities and Route of Road.— The chief businessof this com-
pany is the transportation of coal from the first and second anthracite coal fields in Pennsyl-
vania to tide-water in the Delaware River, at Port Richmond, Philadelphia, and in New York
harbor at Port Reading, N. J. The Port Richmond terminals cover 140 acres of land and con-
POOR'S MANUAL — READING SYSTEM.
145
tain 24 wharves, extending from 300 to 800 feet into the river, with trestlework and chutes,
allowing a direct discharge of coal from the cars into vessels. There is a grain elevator of
1,500,000 bushels storage capacity and a discharging capacity of -32,000 bushels an hour.
More than 75 miles of track provide room for handling from 2,000 to 3,000 cars of freight,
while the piers afford berths for 10 ocean steamships.with a water depth of 27 feet at mean
low tide. The company's fleet of seagoing steamers and barges distributes a considerable
quantity of coal to points along the coast. The main line of road winds through the Schuyl-
kill Valley, numerous branches extending east and west into the two southern coal fields.
The Broad Mountain, dividing the two coal fields, is crossed at four different points, three of
which lead directly into the Mahanoy coal fields, and one into the Lykens Valley.
4. Traffic Contracts. — A contract running for 900 years, from Feb. 4, 1882, between the
New York Central and Hudson River RR. Co., the Fall Brook Coal Co., the Phila. and Read-
ing Ry. Co. and companies controlled by these, provides for an interchange of through
and local traffic and the formation of a through line between Philadelphia and Buffalo. (See
MANUALS for 1883 and 1884.) The entire tonnage of the Beech Creek RR. to Philadelphia and
New York, and all points south and east, is thrown upon the lines of the Philadelphia and
Reading Ry. Co., under a contract for 900 years, which provides fora pro ratct of joint charges
between the several connecting lines. The Schuylkill River East Side RR. affords access to
the traffic from the lines of the Baltimore and Ohio RR. Co., and its connections, and the
Philadelphia, Harrisburg and Pittsburgh RR. enables the company to interchange business
with the railroads of the South and of the Southwest.
5. Rolling Stock, June 30, 1901.— Locomotives— passenger, 186; freight and coal, 585 ;
shifting, 104; special, 3 — total, 878. Cars — passenger, 553; combination, 145; baggage, mail,
and express, 102 ; carriage, 2 ; funeral, 1 ; freight (box, 4,033 ; stock, 180 ; flat, 99 ; coal,
22,551 ; gondola, 6,562 ; refrigerator, 280 ; lime, 29 ; horse and cattle, 6 ; platform gun car,
1 ; coke, 115 ; stone, 44), 33,900; service, 951— total, 35,654.
5a. Statement of rolling stock at the close of seven fiscal periods ending :
1895
Nov. 30.
1896
Nov. 30.
1897
June 30.
1898
June 30.
1899
June 30.
1900
June 30.
1901
June 30.
Locomotives
784
791
784-
783
774
827
878
(Passenger, etc
734
732
783
716
724
775
803
Equivalent | Freight
9,0594
9,4524
9,6544
9,602
9,647
9,957
11 349
number of 4 Coal
18,099|
18,746
19,313
18,228
19,424
21,867
22,551
[Tot. Rev. Cars
37,893
28,930$
29 690J
28 546
29,795
32 599
34 703
Working Cars
685
698
719
660
684
940
951
Total Car Equipment
28,578
29,6284
30,4094
29,206
30,479
33,539
35 654
6. Floating1 Stock, June 30, 1901. — Steam colliers, 6 ; sea-going tugs, 7 ; harbor tugs, 10 ;
barges (sea-going, 52 ; sound, 3 ; scow, 5), 60 ; canal boats, 2 ; lumber scows, 6 ; pile driver,
1 ; car floats, 27.
7. General Income Account, year ending June 30, 1901.
Earnings— Passenger $4,561,392 52
Freight 22,470,734 87
Mail 116,167 28
Miscellaneous 469,126 87
Total (827,608.86 per mile) $27,617,421 54
Expenses— Maint. of Way and Structures. $2,602,166 21
Maintenance of Equipment . . . 3,475,569 09
Conducting Transportation . . . 8,646,620 69
General 1,018,56443
Total ($15,738.04 per mile) $15,742,920 42
Net earnings (43 p. c.), $11,874,501.12; add net receipts from steam colliers, coal
barges, and real estate, $726,748.18 — total, $12,601,249.30. Deductions from net income :
Equipment renewals, $650,507.59 ; insurance fund, $233,934.61; improvements, $1,938,989.45
— total, $2,823,431.65. Balance available, $9,777,817.65. Fixed charges and taxes : Payable
to the public, $5,843,575.49 ; to the Reading Co. (interest on purchase money mortgage,
$1,200,000 ; interest, account of leased lines, etc., $575,621.30; rent of Delaware River
10
U6
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
wharves, $50,000; rent of equipment, $1,542,000), $3,367,621.30— total, $9,211,196.79.
Surplus, $566,620.86.
7a. Details of Interest on Funded Debt, etc.. year ending June 30, 1901. — On $1,-
512,700 1st 6s of 1910, $90,762 ; on $954,000 2d 6s of 1910, $57.240 ; on $79,000 convertible
4*s of 1910, $3,555 ; on $2,696,000 gold 5s of Oct. 1, 1938, $134,800 ; on $8,162,200 consols.
6s of 1911, $489,720 ; on $10,649,000 consols. 7s of 1911, $745,430 ; on $9,363,000 improve-
ment 4s of 1947, $374,520 ; on $5,766,717 consol. 1st series 4s of 1937, $230,660 ; on $20,000,-
000 purchase-money 6s of 1997, $1,200,000 ; on $8,500,000 terminal 5s of 1941, $425,000 ; on
$8,000 subway 3s of 1904, $240 ; on $2,692,000 subway 3is of 1904-1921 (total, $94.220 ; less
company's proportion of interest on deposits, $1,882.90), $92,337.10 ; on real estate bonds and
mortgages, $46,770.76— total, $3,891,034.86.
7fo. Statement of rentals of leased roads and canals for seven fiscal periods :
1895
Nov. 30.
1896
Nov. 30.
1897
7 mos. to
June 30.
1898
June 30.
1899
June 30.
1900
June 30.
1901
June 30.
Mine Hill & Sch. H. RR.
Mt. Car. & Ft. Car. RR.
Mill C'k&M.H.N.&RR.
Sch. Vy. Nav. &RR....
L. S. N.RR. &C. Co...
East Pennsylvania RR..
Phila., Ger. & Nor. RR.
Chestnut Hill RR .
8
336,816 00
36,250 00
35,587 00
31,754 20
217,092 00
132,908 60
309,507 11
18 022 32
$
336,816 00
36,250 00
37,587 00
31,754 20
217,092 00
134,51494
307,821 94
17 998 19
$
166,040 66
21,145 84
20,759 08
18,523 28
100,736 26
78,404 05
178,396 13
5 284 41
$
252,612 00
36,250 00
35,587 00
31,754 20
169,705 57
133,016 74
306,478 03
8 262 90
$
252,612 00
36,250 00
35,58700
31,754 20
170,078 75
133,123 87
308,181 18
8 262 90
252,612 00
36.25i 100
35,587 00
31,754 20
170,078 75
134,20427
310,038 95
8,262 90
$
252,612 00
36,250 00
36,233 75
31,754 20
170,51925
136,609 00
312,038 69
8 262 90
Catawissa RR
338,830 00
341^433 98
206,131 31
337 062 26
323 401 91
319 256 70
287 330 96
Nor. Pennsylvania RR..
Del.& Bound Brook RR.
Swedes Ford Bridge —
Schuylkill & LehighRR.
Sh., Snnb.& Lewis. RR
Pickering Valley RR. . .
Colebrookdale RR
921,500 64
295,425 23
2,64000
27,00050
110,74000
4,989 38
13,303 53
919,515 26
295,426 74
2,640 00
28,092 04
112,538 70
4,981 68
13,030 58
528,370 19
172,375 00
1,54001
16,492 43
145,645 23
2,597 11
6,573 01
902,572 15
295,409 20
2,64000
27,952 24
241,87268
4,854 91
12 276 95
925,288 94
294,407 86
2,64000
28,232 72
249,132 86
4,98992
13 695 61
918,390 68
289,407 86
2,64000
28,60624
242,194 72
5,424 71
16 965 40
923,939 01
289.407 86
2,64000
28,60624
242,214 62
2,871 83
17 286 38
Allentown RR
3,798 90
3,216 22
1,625 92
3,20330
3,563 11
5 70429
6*174 90
Allentown Term. RR...
Phila., Har. & Pbg. RR.
Norristown June. RR..
14,250 00
25,20000
14,250 00
25,841 60
8,312 50
126,464 22
1,166 67
13,836 47
208,712 20
2,00000
13,836 47
216,665 00
1,966 00
14,620 53
210,699 20
1,89400
14,620 62
210,714 40
2 013 70
Wilm. & Northern RR..
39,322 06
96,677 84
Total Railroads
Scbuylkill Nav. Co
2,875,615 41
9,236 18
2,878,801 07
9,286 18
1,806,583 31
3,026,058 80
3,053,670 30
3,073,914'46
3,108,184 15
Total Rents
2,884,851 59
2,878,037 25
1,806,583 31
3,026,058 80
3 053,670 30
3,073,914 46
3,108 184 15
8. Statement of railroad operations for seven fiscal periods:
1895
Nov. 30.
1896
Nov. 30.
1897
June 30.
(7 months.)
1898
June 30.
1899
June 30.
1900
June 30.
1901
June 30.
Passengers Carried
Passenger Miles
17,996,380
233,236,661
8,873,524
574.935,530
12,425,821
1,204,563,234
1,847,731
3,959,073
16,868,340
473,162
18,882,570
229,710,101
8,749,664
267,526,577
11,908,648
1,180.838,744
1,827,815
S
3,836,262
16,361,195
485,219
10,283,040
123,633,721
4,642,757
312,802,223
6,200,145
627,978,715
1^004,901
2,071,218
8,595,404
277,079
18,671,433
235,746,932
9,862,641
687,213,585
12,981,667
1,390,656,331
2,926,446
$
3,877,547
17,095,060
502,629
19,689,787
247,221,152
11,385,928
822,615,211
13,735,315
1,468,237,195
3,179,303
$
4,012,729
17,910,589
532,875
21,910,349
275,418,845
14,192,019
1,004,500,621
15,212,275
1,643,836,143
3,326,642
$
4,437,850
21,121,804
550,079
22,697,295
284,286,512
14,535,083
1,026,056,531
15.542.382
1,703,914,695
3,495,105
S
4,561,393
22,470,735
585,294
Freight (tons) Moved..
Freight (ton) Miles
Coal (gross tons) Moved
Coal (ton) Miles
Co.'s Freight and Coal.
Earnings — Passenger. . .
Freight
Mail, etc....
Gross RR. Earnings
Working Expenses
Net RR. Earnings. .
Other Receipts
21,300,575
11,628,412
20,682,676
11,304,859
10,943,501
6,483,186
21,475,242
11,142,162
22,456,193
12,281,898
26,109.733
14,534,065
27,617,422
15,742,921
9,672,163
587,090
9,377.817
726,850
4,460,315
204,640
10,333,086
511,593
10,174,295
546,395
11,575,668
793,254
11,874,501
726,748
Available Revenue.
Lease Rentals
10,259,253
2,884,852
5,058,779
1,978,436
10,104,667
2,888,037
5,188,711
2,523,304
4,664,955
1,808,469
2,098,068
1,291,973
10,844,673
3,026,059
3,556,215
3,669,707
10,720,690
3,053,670
3,464,664
4,202,356
12,368,922
3,073,914
3,459.805
5,089,894
12,601,249
3,108,184
3.891,035
5,035,409
Interest Account
Other Charges
Total Payments
Balance (+ or — )
Earnings per Passenger.
Earn'gs Per Freight Ton
Earnings per Coal Ton..
9,922,067
+ 337,186
22.0 c.
j- 74.0 C.
10,600,052
- 495,385
20.3 c.
74.1 c.
5,198,510
- 533,554
20.1 C.
j 78.3 c.
| 79.9 c.
10,251,987
+ 592,686
20.8 c.
72.6 C.
76.5 c.
10,720,690
11,623,613
+ 745,309
20.3 c.
68.7 c.
74.8 C.
12,034,628
+ 566,621
20.1 C.
69.3 C.
79.7 c.
20.4 C.
68.7 c.
78.4 c.
POOR'S MANUAL — READING SYSTEM.
147
9. Statement showing the operations and income for the years ending June 30, 1900 and 1901 :
1900
1901
1900
1901
Miles Road Worked
1,000.19
5,095,141
11,11(5,988
334,989
1,000.31
5,866,498
11,134,349
348,029
Earnings — Passenger
8
4,437,850
9,750,602
11,371,203
550,078
I
4,561,393
10,079,427
12,391,307
585,294
Freight
Coal and Freight Train Miles.
Mixed Train Miles
Coal
Other
Total Revenue Train Miles
Passengers Carried
17,147,118
21,910,349
275,418,845
14,192,019
1,004,500,621
15,212,275
1,643,830,143
29,404,294
2,648,336,764
3,326,642
133,153,191
1.611 c.
0.971 C.
0.<;92 c.
0.798 c.
17,848,876
22,(i9r,29;,
284,286,512
14,535,083
1,026,056,531
15,542,382
1,703,914,095
30,077,465
2,729,971,226
3,495,105
165,879,946
1.605 c.
0.982 c.
0.727 c.
0.823 c.
Gross Esirnings
26,109,733
14,534,065
27,617,421
15,742,920
Passenger Mileage
Merchandise (tons) Moved
Merchandise (ton) Miles
Net Earnings
11,575,668
793,254
11,874,501
726,748
Coal (tons) Moved
Coal (ton) Miles
12,368,922
8,904,249
2,719,364
745,309
26,105 77
14,531 30
11,574 47
55.67 p. c.
12,601,249
9,211,197
2,823,431
566,621
27,608 86
15,738 04
11,87082
57.00 p. C.
All Freight (tons) Moved
All Freight (ton) Miles
Fixed Charges and Taxes
Tons Company Freight
Tons Co. Freight One Mile. . .
Av. Kate per Pass, per Mile . . .
Av. Rate p. Ton Mdse. p. Mile
Av. Rate per Ton Coal p. Mile
Av. Rate all Tons per Mile
Gross Earnings per Mile
Operating Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
1O. Receipts and Expenses of steam colliers and sea barges, coal barges, and real estate,
year ending June 30, 1901. — Receipts (steam colliers and sea barges, $1,149,083.59 ; coal
barges, $129,215.26; real estate, $338,323.92), $1,616,622.77. Expenses (steam colliers and
sea barges, $708,021.38 ; coal barges, $109,241.43 ; real estate, $72,611.78), $889,874.59. Profit
(steam colliers and sea barges, $441,062.21; coal barges, $19,973.83 ; real estate, $265,712.14),
$726,748.18.
lOa. Statement of business of canals, steam colliers, and coal barges for four years
ending Nov. 30, 1896, and of steam colliers, sea barges, coal barges, and real estate for five
years ending June 30, 1901 :
1893
1894
1895
1896
1897
1898
1899
1900
1901
Gross Earnings..
Gross Expenses.
Net, Earnings
Rentals, etc .....
$
813,659
673,503
140,156
31,492
642,404
579,767
62,637
21,521
768,295
628,726
139,569
9,236
$
859,275
627,931
231.344
9,236
$
1,929,357
648,387
380,970
$
1,210,596
699,003
511,593
1,300,269
753,874
546,395
$
1,674,017
880,763
793,254
$
1,616,623
889,875
726,748
Surplus
108,664
41,116
130,333
222,108
380,970
511,593
546,395
793,254
726,748
11. General Balance Sheet, June 30, 1901.
Cost of Road $79,851,857 54
Philadelphia Terminal 8,500,000 00
Philadelphia Subway .' 2,700,000 00
Real Estate 93,277 21
Mortgages and Ground Rents 6,000 00
Leased Equipment (W. & N. RR.) 346,640 50
New Equipment 67,854 07
New Loco, and Machine Shops, Reading.. 631,702 85
Deposit Account Subway Loan 116,397 40
Insurance Fund Assets 378,465 58
Materials and Supplies 2,116,99863
Cash and Current Assets '. 4,676,415 90
Total Assets.
Capital Stock ($50 shares) $20,000,000 00
Funded Debt Outstanding (see below)... 67,683,952 OU
Real Estate Mortgages 632,405 54
Philadelphia Subway Loan Guaranteed... 2,700,000 00
Current Business Debts 4,322,17487
Rents, Interest and Taxes Accrued 1,270,973 62
Reading Co., Bonds and Mtges. Retired.
Insurance Fund
Equipment Fund
Subway Sinking Fund
Wilm. & North. RR. Equip. Ace. Lease.
47,500 00
397,419 64
399,971 23
116,397 40
346,640 50
Surplus 1,568,174 88
Total Liabilities.
12. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $67,683,952, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement. Addi-
tional particulars respecting any issue will be found in the paragraph relating thereto subjoined to the
statement; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the
Ready Reference Bond List — see General Index:
$1,512,000 1st 6s ($ & £) of July 1, 1910, int. J. & J.
954,000 2d 6s of July 1, 1910, int. J. & J.
79,000 Convertible 4js of Julyl, 1910, int. J. & J.
2,696,000 Gold 5s of Oct. 1, 1933, int. A. & O.
8,162,000 Consol. gold ($ or £) 6s of June 1, 1911.
10,649,000 Consol. 7s of June 1, 1911, int. J. & D.
$9,363,000 Improve, gold 4s of April 1, 1947.
5,766,000 Consol. 1st Series 4s of March 1, 1937.
1,535 Consol. 2d Series, fractions.
8,500,000 Terminal gold 5s of May 1, 1941.
20,000,000 Purch.-Money gold 6s of Jan. 1, 1997.
FIRST MORTGAGE BONDS.— Secured by a mortgage dated May 31, 1843, on the railroads and property of
the P. & R. RR. Co.
148
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
SECOND MORTGAGE BONDS. — Secured on the same property as the 1st mtge. bonds, but subject in lien
thereto.
CONVERTIBLE MORTGAGE BONDS.— Secured by third mortgage on the railroads and property of the
P. & R. RR. Co.
GOLD MORTGAGE BONDS. — Secured by fourth mortgage on the railroads and property of the P. & R.
RR. Co.
CONSOLIDATED MORTGAGE BONDS. — Secured by mortgage dated June 1, 1871, to the Fidelity Insurance,
Trust and Safe Deposit Co. of Philadelphia, as trustee, on the main line, the Lebanon Valley Branch, 54 m.,
the Lebanon and Tremont Branch, 55 m., and the Mahanoy and Shamokin Branch, 55 miles. There is provision
for a sinking fund of 1 p. c. to be applied to purchases at or under par of the 6 p. c. bonds, or at 107 p. c.
of the 7 p. c. bonds; the sinking fund to be invested if bonds are not obtainable at those prices.
IMPROVEMENT BONDS. — Secured by mortgage dated Oct. 1, 1873, to the Pennsylvania Co. for Insurances
on Lives and Granting Annuities of Philadelphia, as trustee, on the property covered by the consolidated
mortgage of 1871. The Reading Co. joins with the P. & R. Ry. Co. in guaranteeing the interest on these
bonds.
CONSOLIDATED MORTGAGE BONDS OF 1882. — The consols of 1882, 1st Series, are secured on the property
formerly of the Philadelphia and Reading RR. Co., and on the property of the Philadelphia and Reading
Coal and Iron Co., but subject to prior liens. (See Manual for 1899, page 191.) Interest is payable in
gold in Philadelphia or in London. Both principal and interest are guaranteed by the Reading Co.
CONSOLIDATED MORTGAGE BONDS OF 1883.— The consols of 1883, 2d Series, have been all retired, there
being outstanding only $1,535 of fractional certificates, upon which no interest is paid. (See Manual
for 1899, page 191.)
TERMINAL MORTGAGE BONDS. — The Philadelphia and Reading Terminal RR. bonds are a first lien on
all the property of the Terminal Co., and are further secured by deposit with the trustee of the entire
capital stock of the Terminal Co. They were assumed by the P. & R. Ry. Co. in the reorganization of
1896.
PURCHASE MONEY LOAN. — The purchase money mortgage 6 p. c. loan for $20,000,000 is in one bond, dated
Nov. 18, 1896, and is held by the Reading Co. The mortgage securing that bond authorizes additional
bonds up to $10,000,000, and an equal amount of additional capital stock, both of which may be issued
from time to time to the Reading Co. to be deposited under the joint general mortgage of 1807.
CITY OF PHILADELPHIA SUBWAY LOAN. — To meet the cost of building the subway, the City of Phila-
delphia authorized an issue of $6,000,000 bonds, of which the receivers of the Philadelphia and Reading
RR. were authorized to guarantee $3,000,000, principal and interest. The $2,700,000 listed on the General
Balance Sheet are part of this amount. There are outstanding $8,000 3 p. c. bonds due in 1904, and $2,692,000
3i p. c. bonds due in annual installments from 1904 to 1921. They are due after ten years from the date of
the loan in twenty annual installments. The bonds were assumed by the P. & R. Ry. Co. in the
reorganization of 1896. Interest payable at the City Treasury, Philadelphia, Pa.
13. KAILBOADS LEASED OR OPERATED BY THE PHILADELPHIA AND READING RY. Co.
Allentown RR.— Topton to Kutztown, Pa.,
4.45 m. ; total track (steel, 2.68 m.), 5.08 miles.
Chartered April 19, 1853. Operated by the P. &
R. Ry. Co. ; rental, 30 p. c. of gross earnings. Bal-
ance Sheet, June 30, 1901.— Capital stock ($50
shares). $1,268.885; current liabilities, $12,746— total,
$1,281,631. Contra: Cost of road, etc., $1,085,748;
cash and current assets, $52.184; profit and loss,
$143,699 — total, $1,281,631. Geo. F. Baer. Pres. ;
W. A. Church. Treas. ; W. R. Taylor, Sec.; D. Jones,
Compt., Philadelphia, Pa.
Allentown Terminal RR.— Operated jointly
by the P. & R. Ry. Co. and the C. RR. Co. of N. J.,
under a lease for 999 years, by assignment from the
Lehigh Coal and Navigation Co. The P. & R. Ry. Co.
and the L. C. & N. Co. jointly guarantee, both as to
principal and interest, $450,000 4 p. c. bonds of this
company. For further particulars, see statement ap-
pended to that for the Central RR. Co. of New Jersey.
f'atawissa RR.— Tamanend to Newberry June.,
Pa., and branches, 102.95 m. ; 2d track, 18.49 m.;
total track, 188.89 miles. Reorganization, in 1860,
of the Catawissa, Williamsport and Erie KR. Co.
Leased for 999 years from Dec. 15, 1896, to the P. &
R. Ry. Co., on a guaranty of the bonds, both principal
and interest, besides 5 p. c. a year on preferred stock
(dividends M. & N.) and $8,000 a year for organiza-
tion expenses. Balance Sheet, June 30, 1901. — Capi-
tal stock paid in ($50 shares), $4,359,500; funded debt
(assumed by lessee), $2.215,000; profit and loss,
$216,721 — total, $6,791,221. Contra: Cost of road,
$6,706,668; securities owned, $77,409; cash and cur-
rent assets, $7,144 — total, $6,791,221. Capital stock:
1st preferred, $2,200,000; 2d preferred, $1,000,000;
common, $1,159.500— total, $4.359.500. Funded debt
consists of $195.500 1st 6s of Aug. 1, 1902, int. F.
& A. and $2,029.500 ($2.215.000 auth.) 1st consol.
gold 4s of April 1. 1948, int. A. & O. The 1st con-
sol. mtge. bonds are intended to replace all other
issues. G. Assheton Carson, Pres. ; R. M. Elliott,
Sec. & Treas.; D. Jones, Compt., Philadelphia, Pa.
Office, Philadelphia, Pa.
Central Dock and Terminal Ry.— In Buf-
falo, N. Y.. 0.39 m.; 2d track. 0.39 m.; sidings. 2.55
m.— total, 3.33 miles. Gauge, 4 ft. 9 in. Rail (steel),
65 Ibs. Organized May 31, 1889, to construct a rail-
way and terminal dock in Buffalo, N. Y., connecting
the freight yards of the New York Central and Hud-
son River RR. at East Buffalo with the dock at the
foot of Georgia St., the object of the road being the
transportation and shipment of coal. Leased to P. &
R. Ry. Co. for a term of years expiring March 31,
1910. Income, year ending June 30, 1901 (rental,
$27.265; interest, $40), $27,305. Expenses and taxes,
$8,636; dividends (3} p. c.), $18,281— total, $26,917.
Surplus, $388; surplus forward. $72,917; net surplus.
$73,305. Balance Sheet, June 30, 1901. — Capital
stock ($500.000 auth.; $100 shares), $487.500; profit
and loss. $73.305— total, $560,805. Contra: Cost of
road. etc.. $545.309; cash and other assets, $15,496
—total, $560,805. E. V. W. Rossiter, Pres., New
York, N. Y.; W. R. Taylor, Sec.; W. A. Church,
Treas., Philadelphia, Pa. Office, Grand Central Sta-
tion, New York, N. Y.
Colebrookdale RR.— Pottstown to Barto, i'a.,
12.84 m. ; total track (steel, 13.12 m.), 15.59 miles.
Chartered March 23, 1865; opened Sept. 12, 1869.
Leased to the P. & R. Ry. Co. at a rental of 30 p. c.
of gross earnings. Balance Sheet. June 30. 1901. —
Capital stock ($50 shares), $297,215; funded debt
(1st 6s of June 1. 1898, int.. J. & D.), $600,000;
interest accrued, not due, $3,000; current liabilities,
$557,219— total, $1.457.434. Contra: Cost of road,
$672.342: cash assets, $43.325; profit and loss, $741,-
767 — total, $1.457,434. The Reading Co. owns $595,-
700 of the bonds and $281,500 of the stock. J. L.
Bailey. Pres. ; W. A. Church, Treas. ; W. R. Taylor,
Sec.: D. Jones, Compt. Office, Philadelphia, Pa.
Delaware and Bound Brook RR.— Bound
Brook June., N. J., to Delaware River (Pa. Line),
27.09 m. ; Trenton June, to Trenton, N. J., 3.72 m.
— total. 30.81 m.: 2d track, 27.09 m.; 3d track. 4.98
m. ; total track (steel. 60 m.). 76.81 miles. Rail. 90
Ibs. Chartered May 12. 1874; main line opened May
1, 1876; Trenton Branch in 1877. In connection with
the Central RR. of New Jersey and the North Penn-
sylvania RR., this road forms a line between New
York and Philadelphia. Leased for 990 years from
May 1. 1879: annual rental, interest on bonds, main-
tenance expenses, and 8 p. c. on capital stock. Cap-
ital stock, $1.800,000; funded debt, $1,800.000— total
$3,600,000. Contra: Cost of road, etc., $3,545,511.
Funded debt consists of $1,500,000 1st 7s of Aug.
1. 1905, int. F. & A.; and $300.000 2d 6s of Aug. 1,
1905. int. M. & N. E. C. Knight, Jr., Pres.; J. H.
Michener. Vice-Pres. ; J. S. Wise, Sec. & Treas. ; D.
Jones, Compt., Philadelphia, Pa.
POOR'S MANUAL — READING SYSTEM.
149
l-Iii.sl Mahanoy RR.— East Mahanoy June, to
St. Nicholas and branch, 10.95 m.; 2d track, 2.10
in.; total track (steel), 19.77 miles. Chartered
March 9, 1856; road opened July 10, 1860. Leased
for 999 years from Dec. 1, 1896, at a rental of 8
p. c. on capital stock, besides expenses and taxes.
(See Manual for 1900. page 169.) Balance Sheet,
June 30, 1901. — Capital stock, $497,750; current
liabilities, $3,548; profit and loss, $4,582 — total,
$505,880. Contra: Cost of road, $497,793; cash and
current assets, $8,088 — total, $505,880. Geo. F. Baer,
Pres. ; W. A. Church, Treas. ; W. K. Taylor, Sec.;
D. Jones, Compt. Office, Reading Terminal, Phila-
delphia, Pa.
East Pennsylvania RR.— Reading to Alien-
town, Pa., 35.38 m.; 2d track, 18.28 m.; total track
, (steel, 62.98 m.), 76.69 miles. Chartered April 21,
1857; opened May 11, 1869. Leased for 999 years, from
May 1, 1869; rental, interest on bonds, 6 p. c. on
stock (payable Jan. and July), and organization ex-
penses. Balance Sheet, June 30, 1901. — Capital
stock ($50 shares), $1,730,450; funded debt (1st gold
4s of March 1, 1958), $495,000; current liabilities,
$9,845; profit and loss, $151,832— total, $2,387,127.
Contra: Cost of road, etc., $1,905,586; other assets,
$481,541— total, $2,387.127. Geo. F. Baer, Pres.; W.
A. Church, Treas.; W. R. Taylor, Sec.; D. Jones,
Coinpt. Office, Philadelphia, Pa.
East Trenton RR.— Millham, N. J., to ter-
minus, 3.03 m. ; total track, 4.26 miles. Controlled
by the P. & R. Ry. Co., and operated in connection
with the Delaware and Bound Brook RR. Capital
stock, representing cost of road, $59,000. E. C.
Knight, Jr., Pres.; J. S. Wise, Sec. & Treas., 240 So.
3d St., Philadelphia, Pa.
Little Schuylkill RR.— Pt. Clinton to Tam-
anend, Pa., 28.04 m. ; Greenwood Branch, 1.04 m. ;
Wabash Branch, 2.40 m. — total, 31.48 m. ; 2d track,
25.27 m.; total track, 83.24 miles. Chartered Feb.
20, 1826; opened in 1831. Leased for 999 years from
Dec. 1, 1896, at a yearly rental of 5 p. c. on stock,
payable in gold, and $5,000 for organization ex-
penses. Rental, year ending June 30, 1901, $129,-
392; other receipts, $6,886— total, $136,278. Ex-
penses, $4,727; dividends (5i p. c.), $136,832— total,
$141,559. Deficit, $5,281. Balance Sheet, June 30,
1901. — Capital stock ($50 shares), $2,487,850; current
liabilities, $3.353; profit and loss, $66,758— total,
$2,557,961. Contra: Cost of road and lands, $2,405,-
944; stocks and other investments, $114,160; other
assets, $37,857— total, $2,557,961. C. S. Tyson,
Pres.; J. L. Wilson, Treas. & Sec.; D. Jones, Compt.,
Philadelphia, Pa.
Mill Creek and Mine Hill Navigation
and RR.— Palo Alto to New Castle, Pa., 3.81 m. ;
2d track, 3.81 m.; total track (steel, 26.45 m.), 33.33
miles. Chartered Feb. 7, 1828; road opened Nov. 3,
1829. Leased July 25, 1861, for 999 years; rental,
$33,000 per annum, and taxes. Dividends (June and
Dec., 5 p. c. each), $32.337.50. Balance Sheet, June
30, 1901. — Capital stock ($25 shares), $323,375; cur-
rent liabilities, $17,760; profit and loss, $2,956—
total, $344,091. Cost of road, $323,045; cash and
current assets, $21,046 — total. $344,091. Geo. F.
Baer, Pres. ; W. A. Church, Treas. ; W. R. Taylor,
Sec.; D. Jones, Compt. Office, Philadelphia, Pa.
Mine Hill and Schuylkill Haven RR.—
Schuylkill Haven to Locust Gap, Pa., 29.12 m. ;
branches, 12.91 m.— total, 42.03 m.; 2d track, 20.95
m. ; total track. 135.55 miles. Chartered March 24,
1828 ; opened Oct. 8, 1831. Leased for 999 years from
Jan. 1, 1897, at a yearly rental of 6 p. c. on the
capital stock. Balance Sheet, June, 30, 1901. — Cap-
ital stock ($50 shares), $4,210.200; current liabil-
ities, $3,116; contingent fund, $408,000 — total,
$4,621,316. Contra: Cost of road, $4,165,573; bonds
owned, $408,000; cash and current assets, $14,871;
profit and loss, $32,872 — total, $4,621,316. State-
ment showing dividends from Jan., 1833, to July,
1886, is in Manual for 1887. B. H. Shoemaker, Pres. ;
J. W. Biddle, Treas.; J. G. McCollin, Sec.; D. Jones,
Compt. OflBce, 119 South Fourth St., Philadelphia,
Pa.
Monnt Carbon and Port Carbon RR.—
Mount Carbon to Port Carbon, Pa., 2.5 m.; 2d track,
2.45 m. ; total track (steel, 13.42 m.), 15.48 miles.
Chartered July 16, 1842; opened Feb. 8, 1844.
Leased for 50 years from March 5, 1860, at a rental
of $36,250 a year. Dividends paid (Jan. and July. 5.8
p. c. each), $32,753. Balance Sheet, June 30, 1901. —
Capital stock, $282,350; current liabilities, $17,804;
profit and loss, $4,989 — total, $305,143. Contra: Cost
of road, $282,815; cash and current accounts, $22,-
328 — total. $305.143. Geo. F. Baer, Pres.; W. A.
Church, Treas.; W. R. Taylor, Sec.; D. Jones,
Compt., Philadelphia, Pa.
Norristown Junction RR.— In Norrlstown,
Pa., 0.37 m.; 2d track, 0.37 m.; total track (steel),
0.99 mile. Chartered Nov. 8, 1879; road opened Mtiy
1, 1880. Leased from date of completion. Rental,
year ending June 30, 1901, $2,541. Paid taxes and
interest on bonds, $2,242. Surplus, $299. Balance
Sheet, June 30, 1901. — Capital stock, $20,000; funded
debt (1st 5s of Feb. 1, 1910, int. F. & A.), $37,000;
unfunded debt. $100; interest accrued, $771; in-
come balance, $2,928 — total, $60,799. Contra: Cost
of road, $58,230; other assets, $2,569— total, $60,-
799. Geo. F. Baer, Pres.; W. A. Church, Treas.;
W. R. Taylor, Sec.; D. Jones, Compt. Ofllce, Phila-
delphia, Pa.
North Pennsylvania RR.— Philadelphia to
Bethlehem, Pa., 55.60 m. ; Delaware River Branch,
20.50 m.; Doylestown Branch, 10.30 m.— total, 86.40
m. ; 2d track, 75.03 m. ; total track (steel, 172.8
m.), 224.15 miles. Chartered April 8, 1852; main
line opened July 7, 1857; Delaware River Branch,
Jenkintown to middle of Delaware River, 20.50 m.,
Jan. 10, 1876. Leased for 990 years, from May 1,
1879; annual rental (payable quarterly, F., M., A.
& N.), interest on bonds, 8 p. c. dividends on stock,
and $12,000 yearly for organization expenses. Bal-
ance Sheet, June 30, 1901. — Capital stock ($50
shares), $4,720,850; funded debt, $7,514,000; ground
rents, $47,854; real estate mortgages, $122,608; cur-
rent liabilities, $374,524; profit and loss, $98.567—
total, $12,878.403. Contra: Cost of road. $10,355,-
043; equipment, $1,752,136; stocks owned, $49,465;
bonds owned, $6.300; other permanent investments,
$25,265; cash and current assets, $367,596; other
assets, $322,598— total, $12,878,403. Funded debt,
June 30, 1901, consisted of $1,500,000 1st 4s (ex-
tonded May 1, 1896) of May 1, 1936, int. M. & N.;
$4,500,000 gen. 7s of Jan. 1, 1903, int. J. & J. ;
$1.200,000 reg. 6s of Sept. 1, 1905, int. M. & S.; and
$314,000 gold funding 4s of Nov. 1, 1938, int. M.
& N. Arrangements have been made to refund the
gen. 7s into 3.3 p. c. bonds running 50 years from
Jan. 1, 1903. J. H. Michener, Pres.; J. S. Wise,
Sec. & Treas.; D. Jones, Compt. Office, 240 South
Third St., Philadelphia, Pa.
Philadelphia and Reading Terminal
RR. — Ninth and Fairmount Aves. and Broad and
Noble Sts. to 12th and Market Sts., Philadelphia,
Pa., 1.30 m.; 2d track, 1.30 m. ; total track (steel;
80 Ibs.), 5.85 miles. Gauge, 4 ft. 8i in. Organized
April 13. 1888. Leased for 999 years from May 1,
1891, to the Philadelphia and Reading RR. Co., lessee
to pay all expenses of operating, and in addition a
minimum rental sufficient for the payment of interest
on bonds issued by the lessee for construction of this
company's railroad and buildings. Lease assumed by
the P. & R. Ry. Co. Balance Sheet, June 30, 1901.—
Capital stock ($50 shares), $8,500,000; current liabili-
ties, $2,723,791; real estate mortgages. $51,879—
total, $11,275,670. Contra: Cost of road, $11,274,473;
cash and current assets, $1,197 — total, $11,275,670.
Geo. F. Baer, Pres.; W. R. Taylor. Sec.; W. A.
Church, Treas. ; T>. Jones, Compt. Office, Reading
Terminal, Philadelphia, Pa.
Philadelphia, Gerinantown ami, Nor-
ristown RR.— Philadelphia to Norristown, Pa.,
16.2 m.; Germantown Branch, 4.3 m.— total, 20.66
m. ; 2d track, 20.33 m. ; 3d track, 2.59 m. ; total
track (steel, 71.3 m.), 82.92 miles. Chartered Feb.
17, 1831; opened Aug. 15, 1835 Leased for 999 years
from Dec. 1. 1870. Rental, year ending June 30,
1901, $277,623; other receipts, $1,698 — total, $279,-
321. Expenses, $5.593: dividends (12 p. c. and 1$
p. c. extra), $303,332 — total, $308,925. Deficit,
$29,604: surplus forward, $37,522; net surplus June
30, 1901, $7,918. Balance Sheet, June 30, 1901. —
Capital stock, $2,246,900; current liabilities, $61,-
371 — total, $2.308,271. Contra: Cost of road, etc.,
$2,007,860; other investments, $3.952:' Plymouth
RR. account, $274,495; other assets, $6,507; cash
and current assets. $15,457 — total, $2,308,271. W.
S. Wilson, Pres. ; W. W. Stephens, Sec. & Treas. ;
D. Jones, Compt. Office, 132 South Third St., Phila-
delphia, Pa.
CHESTNUT HILL RR. — Germantown to Chest-
nut Hill. Pa., 4.03 m. ; 2d track, 0.02 m. ; total track
(steel). 6.36 miles. Chartered April 10, 1848; opened
Oct. 16, 1854. Leased for 999 years from Dec. 1,
1870, to the Philadelphia, Germantown and Norris-
town RR. Co. The lease was modified Dec. 1, 1896,
reducing the yearly rental payable by the P. & R.
Ry. Co. to an amount equivalent to 6 p. c. on the
capital stock and $300 for organization expenses.
Balance Sheet, June 30. 1901. — Capital stock, rep-
resenting cost of road ($29,284 per mile), $120,650;
current liabilities, $81— total, $130,731. Qbntrai:
100 POORS MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
l-auds owned, $i:..5ot>; road, $105,144; other assets,
$81— total, $120, 7ol. W. W. Colket, Pres.; Win. W.
Stephens, Sec. & Treas.; D. Jones, Compt. Office,
132 South Third St., Philadelphia, Pa.
PLYMOUTH HE. — Conshohocken to Oreland,
Pa., 8.94 m. ; total track, 13.14 miles. Chartered
!>'•••. <t, 1867. Leased for 999 years from Dec. 1, 1870,
to the Philadelphia, Germantown and Norristown RR.
<•<>. Capital stock ($50 shares), $12,050; due the P.
G. & N. RR. Co., for advances, $274,495— total,
representing cost of road, etc., $286,545. W. S.
Wilson, Pres.; W. W. Stephens, Sec. & Treas.
Office, 132 South Third St., Philadelphia, Pa.
Philadelphia, Harriglmrg and Pitts-
burgh RR.— Harrisburg to Shlppensburg, Pa., 42.73
m.; devenburgh Branch, 2.90 m.; P & U Ore
Branch, 1.54 m. — total, 47.17 m. ; 2d track, 3.38 m. ;
total track (steel, 61.51 m.), 68.02 miles. Rail 76
and 80 Ibs. Consolidation. July 24, 1890, of the
Harrisburg Terminal and the Harrisburg and Ship-
pensburg Ry. Cos. (See Manual for 1891.) Leased
for 990 years from Oct. 15, 1890, the lessee to pay
a« rental $200.000 per annum and taxes. Balance
Sheet, June 30, 1901.— Capital stock, $2,000.ooo;
funded debt (1st gold 5s of Oct. 15. 1925. int. 15
A. & 0.), $2.000,000; current liabilities, $12,280—
total, $4,012,280. Contra: Cost of road, $3,997,113;
cash and current assets, $10,002; profit and loss,
$5,165— total, $4.012,280. Geo. F. Baer, Pres • W
A. Church. Treas.; W. R. Taylor, Sec.; D. Jones'
Compt., Philadelphia, Pa.
Picfceringr Valley RR.— Phcenixville toBver's
Station, Pa., 11.21 m. ; total track, 12.52 miles. Char-
tered April 3, 1869. Operated by P. & R. Ry. Co.
Balance Sheet. June 30, 1901.— Capital stock ($50
shares), $95,655; funded debt (1st 7s of April 1,
19«0 int. A. X- O.), $332.300; current liabilities,
$728,210; interest accrued, $5,815 — total, $1,161 980
Contra: Cost of road, $481,099; cash and current
assets. $19,918; profit and loss, $660,963— total,
$1,161.980. Geo. F. Baer, Pres.; W. A. Church,
Treas. ; W. R. Taylor, Sec. ; D. Jones, Compt. Office,
Philadelphia, Pa.
Schnylkill and Lehigrh RR.— High's Farm
below Reading to Slatington, Pa., 43.20 rn • West
Reading Branch. 0.78 m. — total, 43.98 m. ; total track
(steel, 44.46 m.), 52.05 miles. Rail, 68, 70, and 79 Ibs
Chartered in 1870; completed in July, 1874; reorgan-
ized June 7, 1880. Leased April 11, 1883. for 999
years from May 1, 1883; rental, $27,000 per annum
and taxes. Balance Sheet. June 30, 1901. — Capital
stock ($50 shares), $600,000; funded debt (1st 4s
of May 1, 1948. int. M. & N.), $600,000; current
liabilities. $31,448— total, $1,231,448. Contra: Cost
of road, $1.213.800; cash and current assets $17 -
648— total, $1,231,448. The capital stock is owned,
and the bonds guaranteed both as to principal and
interest, by the Reading Co. Geo. F. Baer, Pres •
W. A. Church. Treas.; W. R. Taylor, Sec.; D. Jones
Compt. Office, Philadelphia, Pa.
Schnylkill Valley Navigation and RR.
-Port Carbon to Reevesdale, Pa., 10.96 m.; 2d track
5.24 m. ; total track (steel, 20.16 m.), 27.61 miles
chartered March 20, 1827; opened in 1830. Leas»d
for 990 years from July 25. 1861; rental. 5 p. c on
capital stock. Balance Sheet, June :jo. 1901 —
Capital stock, $070.050; current liabilities, $11 :i:::»-
profit and loss, $2,898— total, $593,887. Contra; Otwj
of road, $570.841; cash and current assets, $17,046 —
total, $603,887. Goo. F. Baer, 1'res.; \V. A. Church
Treas. ; W. R. Taylor, Sec. ; D. Jones, Compt. Office
Philadelphia, Pa.
MiamoU in. Sunbnry and l.<->\ ishii r^
UK.— Carbon Run June., Pa., to West Milton 31 2'J
m. ; 2d track, 14.81 m. ; total track (stuel), 56.63
miles. Rail, 70 and 79 Ibs. Chartered Feb. 12. 1882-
opened in June, 1883. Leased for 999 years from July
2, 1883; rental, interest on l>onds, 6 p. c on capital
stock and expenses, etc. Balance Sheet. June :',n
1901. — Capital stock ($50 shares), $2,000.000;
funded debt, $2,000,000 — total. $4,Ooo,iH>o. Contra-
Gwst of road, etc., $3,386,898; cash and cur-
rant assets, $613,102 — total, $4,000,000), Funded
debt consists of $1,000.000 1st [is of May ]
1912, int. M. & N. ; and $1,000,000 2d gold 6s of
July 1, 1925, int. J. & J. Geo. F. Baer I'res : W \
Wilmington and Northern RR.— Wilming-
ton, Del., to High's Junction, Pa., 71.50 m • Wharf
Branch, 0.60 m. ; French Creek Branch, n.Sio m. ; Kock-
land Branch, 1.00 m. ; Delaware River Branch, 3.7ii
m. ; Christiana Avenue Branch, 1.87 m. ; South Wal-
nut Street Branch, 1.07 m. ; Kentniere Branch 277
m. — total, 88.41 m. ; total track (steel, 111.92 m.),
120.92 miles. Rail, 55 to 76 Ibs. Successor, Jan. is.
1877, to the Wilmington and Reading RR. Co is.-e
Manual for 1891, page 584.) Leased to the P. A.- K.
Ry. Co., for 999 years from Feb. 1, 1900, at a year y
rental equivalent to the interest on the bonds. 3J p. c.
on the capital stock and taxes. Locomotives. 29" Cars
—passenger, 24; baggage, etc., 11; freight (box. 59;
flat, 492; stock, 2; coal, 10; caboose, 6), 569; other, 9
—total, 613. Also 3 tugboats, 5 car floats, and 3
lighters. Balance Sheet. June 30. 1901. — Capital
stock ($50 shares), $1,500,000; funded debt. $760.000;
equipment trust (covering 200 freight flats), $44 -
000; real estate mortgage, $40.000; current liabil-
ities, $57,338; profit and loss, $57.422— total. $2.4r,s -
760. Contra: Cost of road, etc.. $2.063,370; stocks
owned. $38,050; cash and current assets, $357,341 —
total, $2,458,760. The Reading Co. owns more than
99i p. c. of this company's capital stock. Funded
debt consists of $354.000 1st 5s of Dec. 1, 1927, int
J. & D.; and $406.000 ($1,000,000 auth.) gen. gold
5s of Aug. 1, 1932, int. F., M., A., & N. The 1st
mtge. bonds are redeemable after Dec. 1, 1907. and
are secured on all property owned Dec. 1, 1887, ex-
cept rolling stock. The gen. mtge. is secured on all
property, including rolling stock. Of the gen. mtge.
bonds a sufficient amount is reserved to retire ilie
firsts at maturity. The guaranty of the Reading
:"o., both as to principal and interest, is endorsed on
the gen. mtge bonds. H. A. Du Pont, Pres.. Wil-
mington. Del. ; Theodore Voorhees, 1st Vice-Pres. •
'. E. Henderson, 2d Vice-Pres. ; W. A. Church'
Treas.; E. B. Shurter. Sec.; D. Jones. Compt., Phila-
lelphia, Pa. Office, Reading Terminal, Philadelphia
14. Board of Directors, Philadelphia and Reading Ey. Co., elected October 14, 1901.
Geo. C. Thomas.... Philadelphia, Pa.
J. Lowber Welsh.. " "
Henry P. McKean. Philadelphia, Pa.
H. A. Du Pont. . . .Wilmington, Del.
Charles Steele New York, N. Y
J. S. Harris Philadelphia, Pa.
GEORGE F. BAER, President ."........... Philadelphia,' PaT
Theodore Voorhees, 1st Vice-P resident " «
Charlea E. Henderson, 2d Vice-President . . " ••
Treasurer— William A. Church Philadelphia Pa
Gen. Supt.—Vf. A. Garrett Reading, Pa!
Secretary— W. E. Taylor Philadelphia Pa
Compt"-"— ^ T
• — D. Jones
PHIHCIPAL OFFICE AND ADDRESS Reading Terminal, Philadelphia, Pa.
READING COMPANY— SUBSIDIARY CORPORATIONS.
READING IRON COMPANY.
Organized in Nov., 1896, to take over the iron lands and property formerly owned by the
Philadelphia and Reading Coal and Iron Co. No official information can be obtained reject-
ing this company, all requests therefor having been refused. Capital stock, $1 000 000 all
of which is owned by the Heading Co. and pledged under the joint mortgage of Jan. 5 1897
POOR'S MANUAL— BEADING SYSTEM.
151
Directors (elected Feb. 11, 1902). — George F. Baer (Chairman), F. 0. Stiiink, J. Lowber
Welsh, Joseph S. Harris, and S. R. Seyfert. OFFICERS : F. C. SMINK, Pres. & Gen. Mgr.;
George B. Harris, Treas.; George W. Delaney, Sec. GENERAL OFFICE, Reading, Pa.
READING SYSTEM— Controlled Railroads.
ATLANTIC CITY BB.— Camden to Atlantic City, N. J., 56.69 m. ; Camden to Grenlock,
N. J., 11.45 m. ; Atco to Mullica Hill, N. J., 22.05 m.; Winslow Junction to Cape May, N. J.,
54.15 in.; Ocean City Junction to Ocean City, N. J., 10.30 m. ; Tuckaho^ to Sea Isle City,
N. J., 12.20 m.— total, 167.44m ; 2d track, 56.78 m.; total track (steel; 70, 80 and 90 Ibs.),
261.99 miles. Gauge, 4 ft. 8i in. Consolidation, May 24, 1901 (effective July 1, 1901), of the
Atlantic City RR. Co., Camden County RR. Co., Seacoast RR. Co., and Ocean City RR. Co.
For information respecting the constituent companies see MANUAL for 1901, page 156. Loco-
motives, 32. Cars — passenger, 110; baggage, mail, and express, 5; caboose, 3; service, 6 —
total, 124.
Financial Statement, July 1, 1901.— Capital stock (common, $2,625,000 ; preferred,
$1,000,000), $3,625,OOU in $50 shares. The Reading Co. owns practically all of the capital
stock. Funded debt, $4,500, OOU Istcousol. mtge. 4 p. c. 50-yr. $1,000 gold coupon bonds,
due July 1, 1951, interest Jan. and July, at the Reading Terminal, Philadelphia, Pa. The
bonds are guaranteed by the Beading Co., both as to principal and interest. Trustee: Girard
Trust Co., Philadelphia, Pa. Up to Jan. 1, 1902, $1,000,000 of the bonds were issued,
$575,000 of them in exchange for underlying bonds and $425,000 in settlement of claims and
for betterments. The remaining $3,500,000 are reserved for the retirement of $2,664,000
underlying bonds at par and for betterments and improvements. The outstanding underlying
bonds are as follows :
$2,2OO,OOO Atlantic City RR. 1st gold 5s of May 1,
1919, int. M. & N., at the Reading Terminal,
Philadelphia, Pa. Secured by first mortgage on
the main line, the Williamstown Branch and 4.18
miles of the Gloucester Branch, from Camden to
Mt. Ephraim; a total of 83.52 miles.
75,OOO Atlantic City RR. real estate purchase
money mortgage, due April 1, 1930, interest 44
p. c. per annum, payable April and Oct., at the
Reading Terminal, Philadelphia, Pa.
$35O,OOO Seacoast RR. prior lien gold 5s of April
1, 1948, int. A. & 0., at Reading Terminal, Phila-
delphia, Pa. Secured by first mortgage on the
Cape May and Sea Isle City Branches, a total of
66.35 miles.
39.OOO Camdtn County RR. 1st 5s of April 1,
1920, int. A. & O., at Reading Terminal, Phila-
delphia,, Pa. Secured on 7.27 miles t>£ /the
Gloucester Branch, from Mt. Ephraim to Gren-
lock, N. J.
Directors (elected Oct. 14, 1901). — George F. Baer, Theodore Voorliees, C. E. Henderson,
W. G. Brown, Philadelphia, Pa.; Richard McAllister, Atlantic City, N. J.; Henry D. Moore,
Haddonfield, N. J.; H. C. Felton, Frank B. Sitley, F. R. Brace, Camden, N. J.; Edward H.
King, Glassboro, N. J.; L. H. Parkhurst, Hammonton, N. J. ; Theo. B. Gibbs, Clementon,
N. J. ; Samuel Garwood, Williamston, N. J. OFFICERS: GEORGE F. BAER, Pres.; Theo-
dore Voorhees, 1st Vice-Pres.; C. E. Henderson, 2d Vice-Pres.; W. R. Taylor, Sec.; W. A.
Church, Treas.; D. Jones, Compt., Philadelphia, Pa. CORPORATE OFFICE, Camden, N. J.
Operating Office, Reading Terminal, Philadelphia, Pa.
CATASAUOUA AND FOGELSVILLE BB.— Catasauqua, Pa., to Rittenhouse Gap, Pa.,
29.5 m. ; total track, 37.15 miles. Gauge, 4 ft. 8£ in. Rail (steel, 21.05 m.), 50 and 70
Ibs. Chartered April 3, 1853 ; road opened in July, 1857.
Rolling Stock, June 30, 1901. — Locomotives, 5. Cars — passenger, 5; baggage, 1;
freight (box, 2 ; flat, 4 ; other, 2), 8 — total cars, 14.
Operations, year ending June 30, 1901. — Train mileage — passenger, 8,516 ; freight,
42,875— total, 51,391 milt s. Passengers carried, 12,098; carried one mile, 56,410. Tons
freight moved, 422,052 ; moved one mile, 3,995,937. Earnings — passenger, $1,207 ; freight,
$84,811 ; other, $32— total, $86,050. Operating expenses, $36,587. Net earnings, $49,463 ;
add other receipts, $1,281 — total, $50,744. Total deductions (including dividends, $29,883),
$39,197. Surplus, $11,547. (This statement of operations is taken from the Annual Report
of the Secretary of Internal Affairs of Pe?msylvania.)
General Balance Sheet, June 30, 1901.— Capital stock ($25 shares), $426,900 ; funded
debt (1st gold 4s of July 1, 1928, int. J. & J.), $135,000; current liabilities, $26,588.98 ; profit
and loss, $69,457. 03— total, $657,946.01. Contra : Cost of road, $557,340.09 ; cost of rolling
stock, $16,785; materials, etc., $7,246.34 ; cash and current assets, $76,574.58 — total, $657,-
946.01. The Reading Co. owns a majority of the capital stock.
Directors (elected Nov. 4, 1901).— Theodore Voorhees, B. H. Bail, Joseph S. Harris,
William S. Pilling, C. E. Henderson, Philadelphia, Pa. ; Leonard Pickitt, Samuel Thomas,
David H. Thomas, Catasauqua, Pa. ; Fred R. Drake, B. F. Fackenthal, Jr., Easton, Pa.
OFFICERS: GEORGE F. BAER, Pres. ; W. A. Church, Treas. ; W. H. Taylor, Sec. ; D.
Jones, Compt. , Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
p
H
152 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
CHESTER AND DELAWARE RIVER RR.— Marcus Hook, Pa., to Eddystone, Pa.,
5.85 m. ; total track, 10.68 miles. Gauge, 4 ft. 8i in. Rail (steel, 9.4 in.), 56 to 76 Ibs.
Chartered Oct. 9, 1871 ; road opened in 1876. The company owns no rolling stock.
Operations, year ending June 30, 1901.— Train mileage (freight), 3,694 miles. Tons
freight moved, 619,420 ; moved one mile, 1,162,539. Earnings (freight), $61,365 ; other re-
ceipts, $274— total $61,639. Operating expenses, $38,235; other charges, $1,211— total,
$39,446. Surplus, $22,193. (This statement of operations is taken from the Annual Report
of the Secretary of Internal Affairs of Pennsylvania. )
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $40,000 ; real estate
mortgages, $8,300; current liabilities, $344,679.46— total, $392,979.46. Contra ; Cost of road,
$245,951.84; cash and current assets, $16,383.13; profit and loss, $130,664.49— total, $392,-
979.46. The Reading Co. owns practically all of the capital stock.
Directors (elected Jan. 13, 1902). — C. E. Henderson, James M. Landis, Theodore Voor-
hees, B. H. Bail, W. G. Brown, D. Jones, Philadelphia, Pa. OFFICERS : GEORGE F. BAER,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ; D. Jones, Compt., Philadelphia, Pa.
COKPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
GETTYSBURG AND HARRISBURG RY.— Carlisle, Pa., to Gettysburg, Pa., 31.07m.;
Gettysburg to Round Top, Pa., 3 m. — total, 34.07 m. ; total track, 38.76 miles. Gauge, 4 ft.
8^ in. Rail — steel (35.48 m.), 79 Ibs. ; iron, 56 Ibs.
History.— Reorganization, July 16, 1891, of the G. & H. RR. Co. (See MANUAL, for 1899,
age 197.) A branch from Hunter's Run to Pine Grove Furnace, 8.38 m., is leased to the
unter's Run and Slate Belt RR. Co. (see GENERAL INDEX).
Rolling Stock, June 30, 1901. — Locomotives, 3. Cars (passenger, 10 ; baggage, etc., 2), 12.
Operations, year ending June 30, 1901. — Train mileage — passenger, 71,815 ; freight,
75,202^total, 147,017 miles. Passengers carried, 124,239 ; carried one mile, 1,836,074. Tone
freight moved, 318,947 ; moved one mile, 6,122,071. Earnings— passenger, $36,359 ; freight,
$105,492; other, $421— total, $142,272. Expenses— transportation, etc., $47,104 ; maintenance
of way, etc., $29,564; of equipment, $15,491 ; general, $298— total, $92,457. Net earnings,
$49,815 ; other receipts, $321— total, $50,136. Total deductions, $33,669. Surplus, $16,467.
(This statement of operations is taken from the Annual Report of the Secretary of Internal
Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $600,000 ; funded
debt, $565,000; current liabilities, $178,435.43; interest accrued, not payable, $7,437.50—
total, $1,350,872.93. Contra: Cost of road, $1,117,750.34 ; rolling stock, $95,302.93 ; cash
and current assets, $19,503.39 ; materials, etc., $12,902.32 ; profit and loss, $105,413.95— total,
$1,350,872.93.
The Reading Co. owns more than 90 p. c. of the capital stock, besides $100,000 of the bonds and
$18,000 of car trust obligations.
Funded debt on June 30, 1901, consisted of $100,000 South Mountain RR. 1st 4s of April 1, 1898, all
held by Reading Co. ; $250,000 G. & H. RR. 1st 6s of Oct. 1, 1912, int. A. & O. and $215,000 G. & H. Ry.
1st 5s of Oct. 1, 1926, int. A. & O. Interest on 1st 5s of 1926 is guaranteed by the P. & R. Ry. Oo.
Directors (elected Jan. 13, 1902). — J. H. Loomis, Roswell Weston, W. G. Brown, James
M. Laudis, C. K. Klink, Richard Tull, Philadelphia, Pa. OFFICERS: GEORGE F. BAER,
Pres.; W. A. Church, Treas. ; W. R. Taylor, Sec. ; D. Jones, Compt., Philadelphia, Pa.
CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
MIDDLETOWN AND HUMMELSTOWN RR.— Middletown, Pa., to Hummelstown,
Pa., 6.35 m. ; total track, 8.91 miles. Gauge, 4 ft. 8| in. Rail (steel, 6.8 m.), 60 to 70 Ibs.
Chartered July 31, 1888 ; road opened Aug. 11, 1890.
Operations, year ending June 30, 1901. — Train mileage — passenger, 5,134 ; freight,
7,542— total, 12,676. Passengers carried, 14,786 ; carried one mile, 77,919. Tons freight
moved, 36,345; moved one mile, 174,641. Earnings — passenger, $2,155; freight, $8,994;
other, $5— total, $11,154. Operating expenses, $10,946. Net earnings, $208; other re-
ceipts, $15 — total, $223. Sundry charges, $199. Surplus, $24. (This statement of opera-
tions is takeji from the Annual Report of the Secretary of Internal Affairs of Pennsylvania.')
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $175,000 ; current
accounts, $34,513. 09 ; real estate mortgages, $116.65— total, $209,629.74. Contra : Cost of
road, $187,592.93; cash and current assets, $2,202.25; profit and loss, $19,834.56— total,
$209,629.74. The Reading Co., owns the entire capital stock.
Directors (elected Jan. 28, 1902).— Theodore Voorhees, B. I.. Bail, D. Jones, James M.
Landis, W. G. Brown, C. K. Klink, Philadelphia, Pa. OFFICERS- GEORGI F. BAER, Pres.;
W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia, Pa. CORPORATE
OFFICE, Reading Terminal, Philadelphia, Pa.
MOUNT CARMEL AND NATALIE RR.— Natalie, Pa., to Alaska, Pa., 7.5 m. ; total
track (steel ; 70 Ibs.), 9.0 miles. Gauge, 4 ft. 8i in. Chartered March 20, 1891 ; road opened
POOR'S MANUAL — READING SYSTEM.
Nov. 5, 1891. The operation of the road for the year ending June 30, 1901, resulted in a
deficit of $11,940.89.
General Balance Sheet, June 30, 1901.— Capital stock, $175,000; funded debt (1st
gold 5s of June 1, 1916, int. J. & D.), $175,000; current liabilities, $311,207.26— total,
$661,207.26. Contra: Cost of road, $124,249.30; cash and current assets, $474,132.26 ; profit
and loss, $62,825.70— total, $661,207.26.
Directors.— N. Taylor, T. S. Vincent, Natalie, Pa. ; J. G. Case, D. J. Sullivan, J. Frank
Case, G. W. Moon, Swan Hartwell, New York, N. Y. OFFICERS : N. TAYLOR, Pres. ; J.
G. Case, Vice-Pres. & Sec,; F. P. Dietrick, Treas., Natalie, Pa. CORPORATE OFFICE,
Natalie, Pa.
NORTHEAST PENNSYLVANIA RR.— Glenside, Pa,, to New Hope, Pa., 25.64 m.;
2d track, 1.91 m. ; total track (steel, 70 and 76 Ibs.), 31.46 miles. Gauge, 4 ft. 84 in.
Chartered Dec. 4, 1870 ; road opened, 9.5 m., Dec. 18, 1872 ; throughout, on April 29, 1891.
Operations, year ending June 30, 1901. — Train mileage — passenger, 127,261 ; freight,
17,567— total, 144,828 miles. Passengers carried, 696,380 ; carried one mile, 4,117,760.
Tons freight moved, 105,330 ; moved one mile, 1,235,342. Earnings— passenger, $59,200 ;
freight, $56,025; other, $2— total, $115,227. Operating expenses, $87,102. Net earnings,
$28,125 ; other receipts, $245—total, $28,370. Total deductions, $55,140. Deficit, $'26,770.
(This statement of operations is taken from the Annual Report of the Secretary of Internal
Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $400,000; funded debt
(1st gold 5s of April 1, 1920, int. A. & 0.), $400,000; coupons accrued, not yet payable,
$5,000; current liabilities, $325,219.74— total, $1,130,219.74. Contra: Cost of road,
$730,549.80 ; cash and current assets, $585.31 ; profit and loss, $399,084.63— total $1,130,-
219.74. The Reading Co. owns about 80 p. c. of the capital stock.
Directors (elected Jan. 13, 1902).— John Lowber Welsh, C. E. Henderson, Daniel Jones,
Theodore Voorhees, Samuel S. Thompson, Henry D. Paxson, B. H. Bail, Philadelphia, Pa.;
Isaac Warner, Jr., Edward E. Paxson, Albert S. Paxson, E. Watson Fell, Holicong, Pa.
OFFICERS : GEORGE F. BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones,
Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
PERKIOMEN RR.— Perkiomen Junction, Pa., to Emaus Junction, Pa., 38.33 m.; total
track, 50.30 miles. Gauge, 4ft. 84 in. Rail— iron, 56 and 68 Ibs. ; steel (46.62 m.)t 70 to 79 Ibs.
Chartered March 23, 1865 ; completed Oct. 11, 1875 ; reorganized in 1887. The track of
the East Pennsylvania RR. is used between Emaus Junction and Allentown. Equipment
supplied by the P. & R. Ry. Co.
Operations, year ending June 30, 1901. — Train mileage — passenger, 105,479 ; freight,
212,135— total, 317,614 miles. Passengers carried, 169,696; carried one mile, 2,047,135;
average mile rate, 2.546 cents. Tons freight moved, 1,259,874 ; moved one mile, 43,668,751 ;
average ton-mile rate, 0.735 cent. Earnings— passenger, $52,122; freight, $321,015; other,
$674— total, $373,811. Operating expenses, $220,134. Net earnings, $153,677 ; other re-
ceipts, $923— total, $154,600. Total deductions, $111,000. Surplus, $43,600. (This statement
of operations is taken from the Annual Report of the Secretary of Internal Affairs of Penn-
sylvania.)
General Balance Sheet, June 30, 1901.
Cost of Road $2,826,700 59
Cost of Rolling Stock 510 00
Materials on Hand 14,70015
Cash and Current Assets 96,13196
Profit and Loss 530,191 60
Total Assets.' $3,468,234
Capital Stock ($50 shares) $1,500,000 00
Funded Debt 1,924,600 00
Current Liabilities 43,634 30
Total Liabilities $3,468,234 30
The Reading Co. owns the capital stock and $161,100 of the bonds. All of the stock, except the
shares reserved to qualify directors, is pledged under the Reading's Jersey Central collateral trust deed.
Funded debt on June 30, 1901, consisted of $799,600 ($800,000 auth.) 1st series 5s of Jan. 1, 1918, int.
J., A., J. & 0. ; and $1,125,000 ($1,450,000 auth.) 2d series 5s of Jan. 1, 1918, int. J., A., J. & 0.
Directors (elected Jan. 13, 1902).— Theo. Voorhees, C. E. Henderson, E. F. Smith, Jaa.
M. Landis, J. H. Loomis, Thos. M. Richards, Philadelphia, Pa.; Howard Boyd, Jacob B.
Hillegass, Wm. F. Dannehower, Norristown, Pa.; D. K. Graber, Charles M. Reed, Jonathan
P. Hillegas, Pennsburg, Pa. OFFICERS: JAMF.S BOYD, Pres., Norristown, Pa.; Theodore
Voorhees, Vice-Pres.; C. E. Henderson, 2d Vice-Pres. ; W. A. Church, Treas.; W. R.
Taylor, Sec. ; D. Jones, Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal,
Philadelphia, Pa.
PHILADELPHIA AND CHESTER VALLEY RR.-Bridgeport, Pa., to Dowingtown,
Pa., 21.49 m.; total track, 25.27 miles. Gauge, 4 ft. 8£ in. Rail (steel, 22.66m.), 64, 68, 70,
and 76 Ibs. Chartered March 7, 1888, as successor to the Chester Valley RR. Co. (see
MANUAL for 1891).
15-i POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Operations, year ending June 30, 1901. — Train mileage— passenger, 35,255 ; freight,
24,277^— total, 59,582 miles. Passengers carried, 40,191 ; carried one mile, 306,612 ; average
mile rate, 2.258 cents. Tons freight moved, 202,244; moved one mile, 2,188, 72'J; average
ton-mile rate, 2.513 cents. Earnings — passenger, $6,923; freight, $54,994— total, $61,917.
Operating expenses, $40,846. Net earnings, $21,071 ; other receipts, $108— total, $21,179.
Total deductions, $19,698. Surplus, $1,481. (This statement of operations is taken from the
Annual Report of the Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1901.— Capital stock ($550,000 common, $205,100
preferred; $50 shares), $755,100; funded debt, $380,510; current liabilities, $123,566.35;
coupons accrued, not payable, $3,555.10 — total, $1,262,731.45. Contra: Cost of road, $1,-
09!),066.36 ; cash and current assets, $40,437.55 ; profit and loss, $123,227.54— total, $1,262,-
731.45.
Funded debt on June 30, 1901, consisted of $280,510 preferred 4s of April 1, 1938, int. A. * O. ;
$100,000 non-preferred 3s of April 1, 1938, int. A. & O. The bonds are guaranteed, principal and interest,
by the Reading Co.
The Reading Co., owns all of the preferred stock, about 83 p. c. of the common stock, $25,000 of
the preferred bonds and $47,000 of the non-preferred bonds.
Directors (elected Oct. 14, 1901). — 0. E. Henderson, James M. Landis, Charles Heebner,
Theodore Voorhees, W. R. Taylor, Hugh DeHaven, Philadelphia, Pa. OFFICERS: GEORGK
F. BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, See.; D. Jones, Compt., Philadel-
phia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
PHILADELPHIA AND FRANKFORD RR.— Crescentville, Pa., to Frankford, Pa.,
2.59 m. ; total track (steel, 70 and 80 Ibs.), 4.09 miles. Gauge, 4 ft. 8^ in. Chartered March
21, 1892. Operated under agreement, dated May 4, 1894, by the Philadelphia and Reading
Ry. Co., by which that company pays a sum equal to 25 p. c. of the gross receipts, to be
applied by the trustees to the payment of interest on 1st mtge. bonds. Income, year ending
June 30, 1901, $35,430. Paid interest on bonds, $20,000.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $500,000; funded
debt (1st gold 4s of Aug. 1, 1922, int. F. & A.), $500,000; current liabilities, $251,993.23;
profit and loss, $15,077.35— total, $1,267,070.58. Contra : Cost of road, $729,968.13 ; cash
and current assets, $537,102.45— total, $1,267,070.58. The Reading Co. owns the entire
capital stock.
Directors (elected Oct. 14, 1901).— W. W. Foulkrod, Theodore Voorhees, D. C. Nimlet,
C. E. Henderson, John Lowber Welsh, William M. Horrocks, Philadelphia, Pa. OFFICERS :
GEOKGE F. BAER, Pres.; W. A. Church, Treas. ; W. R. Taylor, Sec.; D. Jones, Compt.,
Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
PHILADELPHIA, NEWTOWN AND NEW YORK RR.— Erie Avenue Junction,
Philadelphia, Pa., to Newtown, Pa., 20.66m.; Newtown Junction, Philadelphia, to Olney,
Pa., 1.04 m.— total, 21.70 in.; total track (steel; 68 and 70 Ibs.), 25.12 miles. Gauge, 4 ft.
8i in. Chartered April 2, 1860 ; road opened to Newtown, Feb. 2, 1878. Consolidated
Sept. 1, 1892, with the Philadelphia and Newtown Connecting RR. Co.
Operations, year ending June 30, 1901.— Train mileage — passenger, 114,918 ; freight,
13,621— total, 128,539 miles. Passengers carried, 538,598 • carried one mile, 3,018,949. Tons
freight moved, 145,217 ; moved one mile, 1,463,878. Earnings — passenger, $49,585 ; freight,
$49,744; other, $660— total, $99,989. Operating expenses, $75,067. Net earnings, $24,922 ;
other receipts, $496— total, $25,418. Total deductions, $19,461. Surplus, $5,957. (This
statement of operations is taken from the Annual Report of the Secretary of Internal Affairs
of Pennsylvania.)
General Balance Sheet, June 30, 1901.— Capital stock ($1,225,000 common; $400,000 pre-
ferred ; $50 shares), $1,625,000; funded debt (1st gold 3s of Oct. 1, 1942, int. A. & 0.).
$1,417,000 ; current liabilities, $272,589.64 ; accrued interest, not yet payable, $3,802.50—
total, $3,318,392.14. Contra: Cost of road, $2,703,213.30; materials and supplies, $6,410.36;
cash and current assets, $20,659.49 ; profit and loss, $588,108.99— total, $3,318,392.14.
The Reading Co. owns $625,600 of the common stock, $375.000 of the preferred stock and $849,100
of the bonds. It guarantees $50T,000 of the bonds, both as to principal and Interest.
Directors (elected Oct. 14, 1901). — Smith Harper, Samuel Gustine Thompson, Joseph S.
Harris, John Lowber Welsh, George F. Baer, B. H. Bail, Theodore Voorhees, C. E. Hender-
son, Philadelphia, Pa. OFFICEBS : JAMES BOYD, Pres., Norristown, Pa.; Theodore Voor-
hees, 1st Vice-Pres.; C. E. Henderson, 2d Vice-Pres.; W. A. Church, Treas.; W. R. Taylor,
Sec.; D. Jones, Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadel-
phia, Pa.
PORT READING RR.— Port Reading Junction, N. J., to Port Reading, N. J., 21.21 m.;
total track (steel; 68 and 80 Ibs.), 49.00 miles. Gauge, 4 ft. 8i in. Chartered Nov. 5, 1890 ;
road completed in Sept., 1892. No statement of operations furnished.
POOE'S MANUAL — READING SYSTEM. 155
Financial Statement, June 30, 1901.— Capital stock ($100 shares), $8,000,000 ; funded
debt (1st gold 5s of Jan. 1, 1941, int. J. & J.), $1,500,000; real estate mortgages, $3,000 ;
current liabilities, $90,825; profit and loss, $291,395— total, $3,882,220. Contra: Cost of
road, etc., $3,724,906; cash and current accounts, $157,314— total, $3,882,220. The Reading
Co. owns the entire capital stock.
Directors (elected Oct. 14, 1901).— Geo. F. Baer, W. R. Taylor, D. Jones, Theodore Voor-
hees, JHS. M. Landis, W. G. Brown, Philadelphia, Pa.; Frank Bateman, John Hood,
Nathan Francis, H. C. Felton, Frank B. Sitley, Camden, N. J. ; Edward H. King, Glassboro,
N. J. ; Samuel Garwood, Williamstown, N. J. OFFICERS: GEORGE F. BAER, Pres.; Theo-
dore Voorhees, Vice-Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt.,
Philadelphia, Pa. CORPORATE OFFICE, Camden, N. J.
BEADING AND COLUMBIA RR.— Owned: Columbia to Sinking Springs, Pa., 39.0
m.; Lancaster Junction to Lancaster, Pa., 7.86 m.; Manheim to Mount Hope, Pa., 5.91 m. —
total, 53.37 m. ; total track (steel, 53.79 m.), 67.21 miles. Leased : Reading, Marietta and
Hanover RR. (see subjoined statement), 6.36 miles ; total track, 7.37 miles. Gauge, 4 ft. 8$
in. Rail, 68, 76, and 79 Ibs. Chartered May 19, 1857 ; opened April 1, 1864. Locomotives,
8. Cars — passenger, 5 ; freight (box, 1 ; flat, 9 ; stock, 4), 14; other, 12 — total cars. 31.
Operations, year ending June 30, 1901. — Train mileage — passenger, 135.126 ; freight,
139,990— total, 275,116 miles. Passengers carried, 353,669; carried one mile, 4,674.828.
Tons freight moved, 416,369 ; moved one mile, 11,168.251. Earnings — passenger, $108,694;
freight, $191,228; miscellaneous, $818 — total, $300,740. Operating expenses — transportation,
$116,277 ; maintenance of way, etc., $47,166 ; of equipment, $33,166 ; general, $710 — total,
$197,289. Net earnings, $103,451 ; other income, $1,167— total, $104,618. Total deductions,
$119,696. Deficit, $15,078. (This statement of operations is taken from the Annual Report
of the Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1901.
Construction $2,420,614 72
Equipment 245,083 46
Materials and Fuel 7,756 37
Cash and Current Accounts 73,293 46
Profit and Loss 1,518,476 38
Total Assets $4,265,224 39
Capital Stock Paid in ($50 shares) $958,373 09
Funded Debt Outstanding 2,000,000 00
Real Estate Mortgages 9,166 67
Current Liabilities 1,280,39296
Coupons Accrued, not Payable 17,29167
Total Liabilities $4,265,224 39
Funded debt on June 30, 1901, consisted of $650,000 1st 5s of March 1, 1912, int. M. & S. ; $350,000 2d 5s
of June 1, 1904, int. J. & D. ; and $1,000,000 debenture 6s of Dec. 1, 1917, interest last paid in 1879.
The Reading Co. owns $788,200 of the capital stock, $9,500 of the 1st mtge. bonds, $35,000 of the 2d
mtge. bonds and the entire issue of debentures.
Reading^ Marietta and Hanover RR.—
Marietta June, to Chickies, Pa., 6.36 m.; total track,
7,37 miles. Reorganization, Feb. 28, 1882, of the
Hanover Junction and Susquebanna RR. Go. Road
opened throughout In March, 1883. Owned and
operated by the Reading and Columbia RR. Co.
Capital stock, $250,000; current liabilities, $82,587—
total, representing cost of road, etc., $332,587.
George F. Baer, Pres.; W. A. Church, Treas.; W. R.
Taylor, Sec.; D. Jones, Compt., Philadelphia, Pa.
Directors, R. & 0. RE. Co. (elected Jan. 13, 1902).— Theodore Voorheee, C. E. Hender-
son, D. Jones, John Lowber Welsh, B. H. Bail, Philadelphia, Pa.; Matthan Harbster, Wm.
Nolan, Reading, Pa.; B. F. Hiestand, Marietta, Pa.; J. H. Baumgardner, Wm. N. Appel,
Lancaster, Pa. ; H. L. Haldeman, Chickies, Pa. OFFICERS: GEORGE F. BAER, Pres.; W. A.
Church, Treas.; W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia, Pa. CORPORATE
OFFICE, Reading Terminal, Philadelphia, Pa.
RUPERT AND BLOOMSBURG RR.— Rupert, Pa., to Bloomsburg, Pa,, 1.57 m.; total
track (steel ; 68 and 70 Ibs.), 2.28 miles. Gauge, 4 ft. 8| in. Chartered Dec. 31, 1888 ; road
opened in Aug. , 1889.
Operations, year ending June 30, 1901. — Train mileage — passenger, 10,031 ; freight,
1,958 — total, 11,989 miles. Passengers carried, 54,323; carried one mile, 83,419; average
mile rate, 3.245 cents. Tons freight moved, 26,773; moved one mile, 42,035 ; average ton-
mile rate, 13.308 cents. Earnings— passenger, $2,707 ; freight, $5,594— total, $8,301 ; other
receipts, $16 — total, $8,317. Operating expenses, $8,342 ; other deductions, $232 — total,
$8,574. Deficit, $257. (This statement of operations is taken from the Annual Report of the
Secretary of Internal Affairs of Pennsylvania.)
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $50,000 ; current
liabilities, $32,076.15— total, $82,076.15. Contra : Cost of road, $58,241.78; cash and current
assets, $140.78; profit and loss, $23,693.59— total, $82,076.15. The Reading Co. owns the
entire capital stock.
Directors (elected Oct. 14, 1901).— Charles Heebner, W. A. Church, W. R. Taylor, W. G.
Brown, R. M. Oberteuffer, James M. Landis, Philadelphia, Pa. OFFICERS : GEORGE F. BAER,
Pres. ; W. A. Church, Treas. ; W. R. Taylor, Sec. ; D. Jones, Compt., Philadelphia, Pa.
COBPOBATE OFFICE, Reading Terminal, Philadelphia, Pa. .
156
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
STONY CREEK RR.— Norristown, Pa., to Lansdale, Pa., 10.07 m.; total track, 13.49
miles. Gauge, 4 ft. 8£ in. Rail— steel (12.06 m.), 75 and 80 Ibs. ; iron, 50 and 68 Ibs. Char-
tered May 26, 1868 ; road opened Jan. 1, 1874. The company owns one caboose car.
Operations, year ending June 30, 1901.— Train mileage— passenger, 26,922; freight,
20,523 — total, 47,445 miles. Passengers carried, 83,733; carried one mile, 719,992; average
mile rate, 2.081 cents. Tons freight moved, 382,970 ; moved one mile, 3,365,769 ; average
ton-mile rate, 1.304 cents. Earnings— passenger, $14,983 ; freight, $44,699 ; other, $222—
total, $59,904. Operating expenses, $29,598. Net earnings, $30,306 ; add other receipts,
$1,485— total, $31,791. Total deductions, $27,719. Surplus, $4,072. (This [statement of
operations is taken from the Annual Report of the Secretary of Internal Affairs of Pennsyl-
vania.)
General Balance Sheet, June 30, 1901.— Capital stock paid in ($200,000 auth. ; $50
shares), $176,100 ; funded debt (1st 7s of Oct. 1, 1907, int. A. & O.), $350,000 ; current
liabilities, $648,869.41; real estate mortgages, $3,000; interest accrued, not, due, $6,125 —
total, $1,184,094.41. Contra: Cost of road and property, $541,522.54; materials, etc., $3,-
084.40; cash and current accounts, $14,382.21 ; profit and logs, $625,105.26— total, $1,184,-
094.41. The Beading Co. owns a majority of the capital stock.
Directors (elected Jan. 20, 1902). — Theodore Voorhees, C. E. Henderson, E. F. Smith,
J. H. Loomis, Thos. M. Richards, James M. Landis, Philadelphia, Pa.; Howard Boyd, J. P.
H. Jenkins, W. H. Slingluff, Jacob B. Hillegass, Montgomery Evans, Norristown, Pa.;
Oliver G. Morris, Line Lexington, Pa. OFFICERS: JAMES BOYD, Pres., Norristown, Pa.;
Theodore Voorheea, \st Vice-Pres.; C. E. Henderson, %d Vice-Pres.; W. A. Church, Treat.;
W. R. Taylor, Sec.; D. Jones, Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading
Terminal, Philadelphia, Pa.
TAMAQTJA, HAZLETON AND NORTHERN RR.— Lofty to Roan, Pa., 9.91 m.; total
(steel; 70 and 79 Ibs.), 11.34 miles. Gauge, 4 ft. 8J- in. Chartered May 18, 1891, and road
completed in the same year.
Operations, year ending June 30, 1901. — Trains run (freight), 22,423 miles. Tons freight
moved, 98,442 ; moved one mile, 637,711. Earnings — freight, $12,949 ; other, $2,000— total,
$14,949. Operating expenses, $14,536 ; other deductions, $15,252— total, $29,788. Deficit,
$14,839. (This statement of operations is taken from the Annual Report of the Secretary of
Internal Affairs of Pennsylvania.')
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $300,000 ; funded
debt (1st gold 5s of Nov. 1, 1941, int. M. & N.), $300,000 ; current liabilities, $127,495.72 ;
coupons accrued, not payable, $2,500— total, $729,995.72. Contra: Cost of road, $666,456.58;
cash and current assets, $26,195.08 ; profit and loss, $37,344.06— total, $729,995.72. The
Reading Co. owns both the capital stock and the bonded debt of this company.
Directors (elected Oct. 14, 1901). — Theodore Voorhees, James M. Landis, D. Jones, R. M.
Oberteuffer, W. R. Taylor, C. H. Quarles, Roswell Weston, W. G. Brown, Philadelphia, Pa.
OFFICERS : GEORGE F. BAER, Pres.; W. A. Church, Treas.; W. R. Taylor, Sec.; D. Jones,
Compt., Philadelphia, Pa. CORPORATE OFFICE, Reading Terminal, Philadelphia, Pa.
CENTRAL RAILROAD COMPANY OF NEW JERSEY.
(CONTROLLED BY READING COMPANY.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Interest Payments, Details of 5a
Leased Lines, Statements for. . . 12
Marine Equipment 4
Mileage, Detailed Statement la
Mileage of Track, Detailed State-
merit la
Mileage Operated, Dec. 31, 1901.. 1
Operations and Income 6
Proprietary and Leased Lines,
Statements for 12
i;<Mitals, Details of •. 5b
Rolling Stock, Dec. 81, 1901 3
Securities Owned 11
Securities Pledged under.Mtge.. . 11
Subsidiary Companies, Statements
for... .. 12
Bonds and Stocks Owned 11
Bonds and Stocks Pledged 11
Directors and Officers 13
Funded Debt, Details of 9
Gen. Balance Sheet, Dec. 31, 1901 8
Gen. Balance Sheet, 1894-1901 .... 7
Guaranties, Details of 10
History ... 2
Income Account, year 1901 5
1. Mileage Operated, Dec. 31, 1901.
Main Line : Jersey City, N. J., to Phillipsburg, N. J 72.30 miles.
Central RR. branches and leased lines (see mileage statement, below) 118.98
Freehold and Atlantic Highlands RR. (see detailed statement of mileage) 24.47
New Jersey Southern RR. (see detailed statement of mileage) 174.43
New York and Long Branch RR. (see detailed statement of mileage) 38.04
Lehigh and Susquehanna RR. (see detailed statement of mileage) 210.55
LeliigJi and Lackawanna RR. (see detailed statement of mileage) 88.22
Total length of lines operated, Dec. 31. 1901 .676.99 miles.
Gauge, 4 ft. 8? in. Rail— iron, 50 to 70 Ibs. ; steel (1,425.33 m.), 56 to 80 Ibs.
POOR S MANUAL — CENTRAL RB. CO. OF NEW JERSEY.
157
la. Statement showing mileage of all railroads operated on Dec. 31, 1901
DIVISIONS.
L'gth
of
Line.
2d
Tr'ck
Total
Tr'ck.
*
DIVISIONS.
L'gth
of
Line.
2d
Tr'ck
Total
Tr'ck.
*
Central RR. of N. J. Div.
MAIN LINE.
M.
72.30
6.22
0.55
0.94
1.68
M.
72.30
6.22
M.
359.08
20.94
1.62
1.23
6.55
2.27
5.83
10.52
29.76
1.11
2.70
2.85
2.93
16.21
18.83
1.44
2.25
19.94
33.18
1.46
5.00
7.98
7.75
15.71
7.96
Freehold and Atlantic Div.
Freehold to Atlantic Highlands. . .
Atlantic Highlands to Stone Church
Totals, Freehold and Atlantic Div.
New York and Long Branch Div.
Perth Amboy to Bay Head
M.
22.75
1.72
M.
M.
31.35
2.29
BRANCHES.
Communipaw to Newark
24.47
33.84
38.04
38.04
109.11
Lafayette to Grifflng Iron Works. . .
West Side Ave. to Danforth Ave. . .
Brills to Passaic River
Lehigh and Smquehanna Div.
MAIN LINES.
Phillipsburg to Union June
105.34
3.69
0.22
0.36
9.66
4.37
92.05
2.69
'V<56
2.06
299.33
10.50
0.34
0.49
19.32
12.72
Albert Street to Mapes' Works. . . .
Centreville to Constable's Honk
tBroadway, Elizabethp., to Carteret
Elizabethport to Perth Amboy
Maurer to S. I. T. C. Lumber Co....
Carteret to Staten Island Sound
Liebig's to Port Reading RR
1.23
1.95
6.17
12.13
0.44
1.82
1.25
'i2'.13
East Al lento wn to Main Line
Spur to Iowa Barb Wire Works ....
Spur to Lehigh Iron and Steel
Perth Amboy to Raritan Brick Wks.
1.75
5 51
5 51
Minooka June, to Scranton
Elizabeth to Elizabethport Docks.. .
Great Island June, to Terminus
Middle Brook to Chimney Rock
3.02
0.89
1.85
15.78
Totals
122.64
106.46
342.75
BRANCHES.
Bethlehem June, to So. Bethlehem.
Main Line June, to Quarries
Northampton to Hokendauqua
Main Line to Allen Cement Works.
Northampton to Standard Cement
Co.'s Works
0.26
0.50
0.82
0.96
0 56
0.26
0.79
2.00
1.30
3.7:
11.77
11>3
3.M
0.31
38.32
2.6!)
5.45
3.42
6.59
34.54
5.20
16.50
2.72
High Bridge to Port Oram
Middle Valley to Quarry . . .
25.17
1.38
German Valley to Chester
4.51
Hopatcong June, to Nolan's Point..
LEASED.
Dover and Rockaway RR
5.56
5.12
Drifton June, to Drifton
Jpper Lehigh June. to Upper Lehigh
Pond Creek June, to Sandy Run
Pond Creek June, to Zehner
Ashley to Collieries
10.50
9.35
2.62
0.26
17.04
Hibernia Mine RR
4.20
Totals, Central RR. Div
191.28
96.16
585.10
New Jersey Southern Div.
t Atlantic Highlands to Highland
Beach
4.66
6.19
0.34
1 55
4.01
5.94
10.99
14.32
0.72
2.07
73.59
8.12
56.29
1.33
26.26
12.32
0.83
15.81
^eemine Station to Nanticoke
Miner's Mills to Port Blanchard. . .
Union June, to Everhart
1.97
5.07
3.07
Solomon's Gap to Ashley
3.20
16.66
5.20
2.49
7.43
Highland Beach to Long Branch
Highland Beach to Government Line
Long Branch to West End .
^esquehoning June, to Tamanend. .
^Tamanend to Silver Brook
Silverbrook to Audenried ....
7 60
Long Branch to Atsion
59.22
7 57
1.06
Franklin June, to Button wood. .
2.27
Totals, L. & S. Proper
Atsion to Bay Side
Greenwich to Cohansey Creek
Bridgeton June, to Long Reach
Eatont'n to Port Monmonth Shore..
Atsion to Terminus
46.82
1.03
22.43
9.08
0 83
210.55
25.39
12 04
116.38
494.12
28.75
14.94
1.07
LEHIGH AND LACKAWANNA RR.
Bethlehem to Wind Gap
Bangor to Lake Poponoming
Toms River to Barnegat
14.71
Bath" to Lawrencevllle ".
0.79
Totals, N. J. Southern Div
174.43
11.01
222.65
Totals, L. & S. Div
248.77
116.38
538.88
* Including 3d and 4th tracks, sidings, etc. t Including Bayway and Tremley Spurs.
on Atlantic Highlands pier. § Trackage rights.
RECAPITULATION OF TRACKAGE IN DETAIL.
t Includes tracks
DIVISIONS.
Length of
Line.
2d
Track.
3d
Track.
4th
Track.
Sidings.
Total
Track.
Steel
Rails.
Iron
Rails.
Central RR. of N. J. Div. . .
New Jersey Southern Div. .
M.
191.28
174.43
M.
96.16
11 01
M.
30.33
M.
29.73
M.
237.60
37.21
M.
585.10
222.65
M.
553.17
207.34
M.
31.93
15.31
Freehold and Atlantic Div .
24 47
9.17
33.64
31 62
2 02
N. Y. & Long Branch Div
38 04
38 04
33.03
109.11
105 53
3 58
Lehigh & SusquehannaDiv.
248 77
116 38
5 39
168.34
538.88
527-67
11.21
Grand Totals
676.99
261 .59
35.72
29.73
485.35
1,489.38
1,425 33
64 05
2. History.— Consolidation, Feb. 22, 1849, of the Elizabeth and Somerville RR. Co. and
the Somerville and Easton RR. Co. (see MANUAL for 1888, page 126). This company owns
the entire stock of the New York and Long Branch, the New Jersey Southern, and the Free-
hold and Atlantic Highlands RR. Cos. A majority of the stock and of the 1st consol. bonds
of the Lehigh and Wilkesbarre Coal Co. are also held by this company. In Jan., 1901, the
158
POOR'S MANUAL OP RAILROADS — MIDDLE ATLANTIC GROUP.
Reading Company acquired a majority ($14,500,000) of the capital stock of this company.
(See statement for Reading Company.)
3. Rolling Stock, Dec. 81, 1901.— Locomotives, 422. Revenue cars— passenger, 326 ;
combination smoking, 74 ; baggage and mail, 12 ; baggage, 33 ; express, 6 ; freight, 8-wheel
(refrigerator, 32 ; box, 4,836 ; stock, 16; oil tank, 21; gondola, 11,556; flat, 93), 16,554;
freight, 6-wheel (ore, 39 ; hopper coal, 171), 210 ; freight, 4-wheel (coal, 319 ; lime, 2 ; ntone
and ore, 117), 438 — total revenue cars, 17,653. Also, 2 horse cars and 466 service cars owned
and 10 eight-wheel steel ore cars leased.
4. Marine Equipment, Dec. 31, 1901.— Steamboats, 3; ferryboats, 7; tugboats, 9 ; car
floats, 20 ; seagoing coal barges, 15.
5. General Income Account, year ending December 31, 1901.
Earnings— Passenger $2,602,745 52
Merchandise Freight 5,073,416 53
Coal Freight 7,230,816 66
Mail, Express and Other 379,730 09
Expenses— Maint. of Way and Structures.. 1,361,760 45
Maintenance of Equipment 1,654,494 71
Conducting Transportation.... 4,201,404 79
Genera] 607,58706
Total ($23,924.73 per mile) $15,286,708 80 Total ($12,247.04 per mile) $7,825,247 01
Net earnings (48.81 p. c.), $7,461,461.79; add net earnings of water routes, shipping
ports, and N. Y. & L. B. RR., $593,749.47 ; income from investments, $1,309,376.38— total,
$9,364,587.64. Charges : Interest on funded debt and guaranties (see below), $2,676,764.09;
on temporary loans, equipment accounts, etc., $66,643.64 ; lease rentals (see below), $2,354,-
747.18 ; taxes, $402,949.34 ; dividends (May 1, Aug. 1 and Nov. 1, 1901, l£ p. c. each, and
Feb. 1, 1902,. 2 p. c.), $1,570,516— total, $7,071,620.25. Surplus, $2,292,967.39. Less : Insur-
rance reserve fund, $100,000 ; renewal and improvement fund, $350,000 ; depreciation on
45 locomotives, $190,000— total, $640,000. Net surplus, $1,652,967.39.
5a. Interest on Bonded and Other Debt.— Interest on funded debt (consols, $81,690 ;
convertible debentures, $11,140; gen. mtge. bonds, $2,196,200; real estate mortgages,
$9,784.08; equipment bonds, $57,233.34), $2,356,047.42; guaranteed interest (American Dock
and Imp. Co. bonds, $249,350 ; N. Y. & L. B. RR. gen. 5s, $9,600 ; N. Y. & L. B. RR. gen.
4s, $61,766.67), $320,716.67— total, $2,676,764.09.
5b. Lease Rentals.— Dover and Rockaway RR., $11,000; Ogden Mine RR., $23,000;
Lehigh and Susquehanna RR., $2,096,877.25; Lehigh and Lackawanna RR., $18,000;
Hibernia Mine RR., $12,500; Wilkesbarro and Scranton RR., $65,281.56; Allentown Ter-
minal RR., $13,500; New York and Long Branch RR., $114,588.37— total, $2,354,747.18.
6. Statement showing the traffic operations and income for the fiscal years ending Dec.
31, 1900 and 1901 :
1900
1901
1900
1901
Miles of Road Operated
Revenue Train Mileage :
Passenger
642.39
3,508,198
3,075,557
638.95
3,281,313
2,963,123
Net Income ,
$
7,855,002 37
351,781 02
2,760,251 67
2,123,606 80
1,355,615 00
9,364,587 64
402,949 34
2,743,407 73
2,354,747 18
1,570,516 00
Charges : Taxes
Freight
Total ,
6,583,755
13,910,638
174,586,411
16,256,821
1,266,113,244
2,569,085 09
6,283,653 07
4,744,039 07
284,272 03
94,597 02
6,244,436
14,198,612
175,508,497
17,596,843
1,395,316,591
$
2,602,745 52
7,230,816 66
5,073,416 53
293,876 82
85,85327
Rentals
Dividends
Total Payments
Passenger Mileage
6,591,25449
1,203,74788
7,071,620 25
2,292,967 39
100,00000
350,00000
190,00000
Freight (tons! Moved
Surplus.
Less : Insurance Res. Fund. . .
Renewal & Imp. Fund.
Depreciation on 45 Loco.
Total
Freight (ton) Miles
Earnings— Passenger
Coal
Freight
640,00000
1,652,96739
23,92473
12,247 04
11,67769
51.19 p. c.
1.48c.
0.88 c.
Mail & Express....
Other
Net Surplus
1,263,747 88
21,75570
12,264 12
9,491 58
56.37 p. C.
1.47 c.
0.87 C.
Gross Earnings per Mile
Gross Expenses per Mile
Net Earmngsper Mile
Total
13,975,646 28
7,878,345 83
15,286,708 80
7,825,247 01
Operating Expenses
Net Earnings
6,097,300 45
1,757,701 92
7,461,461 79
1,903,12585
Aver. Rate per Pass, per Mile.
Aver. Rate per Ton per Mile. .
Other Receipts
Net Income
7,855,002 37
9,364,587 64
POOR'S MANUAL — CENTRAL RR. CO. OF NEW JERSEY.
159
7. Statement of general balances at the close of each year for eight years, ending Dec. 31
1894
1895
1896
1897
1898
1899
1900
1901
Capital Slock
8
22,497,000
S
22,497,000
$
22,497,000
$
22,497,000
S
22,497,000
S
27,055,800
$
27,213,800
$
27,411,800
Funded Debt
48,350,000
50,000,000
50,000,000
50,000,000
50,000,000
46,741,000
46,873,000
46,505,000
Liens on Real Estate
307,100
307,100
307,100
307,100
301,000
213,350
199,100
179,100
Other Liabilities
4,996,882
4,379,497
4,617,154
4,405,039
5,024,992
4,338,143
4,958,238
5,747,112
Profit and Loss
4,212,062
4,915,499
5,186,915
5,373,652
5,606,507
5,305,881
7,716,926
9.369,893
Total Liabilities...
80,369,044
82,099,096
82,608,169
82,582,791
83,429,599
83,654,174
86,961,064
89,212,905
Cost of Road and Equipm't.
Securities of Other Cos
Materials and Supplies
Cash on Hand
49,825,378
22,563,821
364,521
886,514
50,016,508
23,0a5,412
322,847
913,836
50,675,212
23,276,374
278,386
201,368
50,804,756
23.011,888
259,090
488,419
50,656,364
22,984,663
262,448
1,276,895
50,902,935
23,17(5.912
537,618
1,106,521
52,701,271
26,981,529
592,390
1,037,593
55,112,875
26,143,275
612,020
1,398,733
Other Assets
6,728,810
7,810,493
8,176,829
8,018,638
8,249,230
7,930,188
5,648,281
5,946,002
Total Assets
80,369,044
82,099,096
82,608,169
82,582,791
83,429,599
83,654,174
86,961,064
89,212,905
8. General Balance Sheet, December 31, 1901.
Railroad and Equipment $55,112,875 38
Securities Owned 26,143,275 43
Advances for Construction 610,951 01
Ins. Fund, rep. bonds in hands of Treas. 100,000 00
Materials and Supplies 612,020 36
Cash on Hand 1,398,732 77
Agents, Companies and Individuals 1,548,69693
Bills Receivable and Other Debts 3,686,353 06
Total Assets $89,212,904 94
Cap. Stk. ($30,000,000 auth. ;$100 shares). $27,411,800 00
Funded Debt Outstanding 46,684,100 00
Current Cash Liabilities 1,617,824 35
Interest, Dividends and Rentals Due 1,620,452 50
Other Indebt. and Accrued Charges 2,058,834 60
Insurance Reserve Fund 100,000 00
Renewal and Improvement Fund 350,000 00
Profit and Loss 9,369,893 49
Total Liabilities $89,212,904 94
9. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $46,684,100, as per gen-
eral balance sheet — consisted of the following issues (additional particulars are in the Beady Reference
Bond List— see General Index) :
$1,167,000 consol. 7s of Nov. 1, 1902, int. M. & N.
54,000 Conv. Deb. 6s of May 1, 1908, int. M. & N.
14,986,000 Gen. Reg. 5s of July 1, 1987, int. quarterly.
$28,938,000 Gen. Coup. 5s of July 1, 1987, int. J. & J.
179,100 R. E. Mtges. at 4J and 5 p. c.
1,360,000 Equipment 4s, int. J. & D.
The authorized issue of gen. mtge. bonds is $50,000,000, of which the trustee holds $1,221,000 to cover
the outstanding prior lien bonds, while the remaining $4,855,000 bonds are in the treasury available for other
purposes. The total amount of equipment bonds is $1,530,000, but $486,000 bonds are held in the treasury.
The 7 p. c. bonds of Nov. 1, 1902, were issued as plain debentures, but became secured by the consolidated
mortgage dated Sept. 1, 1874. They are secured by first mortgage on the main line and on the branches
from Jersey City to Newark and from Elizabeth to Perth Amboy. The gen. mtge. bonds are secured on the
same property as, but subject to the lien of, the bonds of 1902, and are secured by first mortgage on the
remainder of company's property.
1O. Guaranties.— The Central RR. Co. of New Jersey guarantees, both as to principal and interest,
$4,987,000 American Dock and Improvement Co. 1st 5s of July 1, 1921, and $12,175,000 (see Sec. 11) Lehigh
and Wilkesbarre Coal Co. consol. gold 4Js of June 1, 1910. The Central RR. Co. of New Jersey and the
Lehigh Coal and Navigation Co. guarantee by endorsement, jointly and severally, $1,062,000 Lehigh and
Hudson River RR. gen. gold 5s of July 1, 1920, both as to principal and interest. The Central RR. Co. of
New Jersey, and the Pennsylvania RR. Co. jointly guarantee the interest on the bonds of the New York
and Long Branch RR. Co. ($192,000 5s and $1,500,000 4s), under the terms of the lease.
11. SECURITIES OWNED BY THE CENTRAL RR. Co. OF NEW JERSEY.
Par Value.
Pledged Un-
der Mtge.
Unpledged.
Par Value.
Pledged Un-
der Mtge.
Unpledged.
STOCKS.
Am.D. & Imp. Co.
Alii. Coal Min. Co.
Allem'nT.Ry.Co.
AllentownlronCo.
B.,C.&A.R.Co.pf.
D. &R.RR. Co...
Hun.RunWat.Co.
Lack. I. & St. Co.
L. & W. Coal Co..
L. Valley RR. Co.
L. &H.R.RR.CO.
N.Y.&L.B.RR.OO.
Ogden M. RR. Co.
Pas R Ex.RR.Co.
Scranton Steel Co.
S.B.W.S.Co.ofPa.
Temple Iron Co..
Totals
$
3,000,000 00
150,000 00
225,000 00
148,500 00
1,00000
45,00000
5,00000
20,00000
8,124,650 00
1,600,000 00
437,100 00
2,000,000 00
20,00000
7,70000
10,000 00
375,900 00
66,30000
$
3,000,000 00
$
BONDS.
Alli.CoalM.Co.,6*
Brooks, R. G
Car. I. &S. Co.,5£.
$
48,00000
28,00000
150,00000
$
9
48,0' 00
28,00000
150,000 00
132,16700
3,500 00
2,353,000 00
8,834,338 85
811,00000
4,332,000 00
432,000 00
29,000 00
150,00000
225,00000
148,500 00
1,00000
R.E.Mgs. (Rcvbl.)
Sea Coast RR. Co.
L. &W. Coal Co.:
1% Income, 1899.
5£, 1910
5^ 1912
132,167 00
3,50000
45,00000
5,000 00
20,000 00
274,650 00
1,600,00000
437,10000
20,bbb" 66
7,70000
10,00000
375,900 00
66,300 00
2,353,000 00
8,834,338 85
811,00000
4,332,000 00
432,00000
29,00000
7,850,000 00
4^Cs.,Ex.,1910
C.RR.ofN.J.,Eq't.
N-Y.&L.B.RR.CO.,
Gen. Mtge., 5$..
Totals
Grand Totals...
Book val. of above
2,000,000 00
17,153,005 85
17,153,005 85
16,236,150 00
13,130,000 00
3,116,15000
33,389,155 85 13,120,000 00
20,269,155 85
26,143,275 43
160
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
13. RAILROADS LEASED OR CONTROLLED BY THE CENTRAL RR. Co. OF NEW JERSEY.
Dover and Rockaway RR.— Port Oram, N.
J., to Rockaway, N. J., 6.12 m.; total track (steel,
6.95 m.), 7.76 miles. Chartered March 8, 1880.
Opened In 1881 as a continuation of High Bridge RR.
Leased to C. RR. Co. of N. J., for 909 years; rental-
Interest on bonds, $2,100; dividends (A. & O., 3 p. c.
each, In New York), $8,400; organization expenses,
$500— total, $11,000. Capital stock, $140,000; funded
debt (1st 6s of Jan. 1, 1906, Int. J. & J.), $35,000—
total, representing cost, etc., $175,000. Geo. F.
Baer, Pres. ; G. O. Waterman, Sec. & Treas., New
York, N. Y. Office, 143 Liberty St., New York,
N. Y.
Hlbcrnla Mine RR.— Rockaway (M. & E.
RR.), N. J., to Hlbernla Mine, N. J., 4.20 m.; total
track (steel, 4.43 m.), 7.57 miles. Rail, 50 Ibs. Char-
tered March 18, 1863. Leased Oct. 1, 1890, to the
C. RR. Co. of N. J., at an annual rental of 6 p. c.
on Its capital stock. Capital stock, $200,000. Cost
of road, $188,941. F. H. Beach, Pres., Dover, N. J.;
J. Wesley Pullman, Sec. & Treas., Philadelphia, Pa.
Office, Dover, N. J.
Ogrden Mine RR.— Nolan's Point to Edison,
N. J., 9.86 m. ; total track (steel, 14.71 m.), 15.75
miles. Chartered Feb. 19, 1864. Leased Nov. 4,
1881, to the C. RR. Co. of N. J., for 999 years
from Jan. 1, 1882; rental, 5 p. c. on the stock (J. &
J., in Philadelphia), $22,500, and $500 for organiza-
tion expenses. Capital stock, $450,000. Cost of road,
etc., $450,000; investments, $1,700; other assets,
$395— total, $452,095. Herbert M. Howe, Pres. ; John
L. Wilson, Treas. & Sec., 608 Chestnut St., Phila-
delphia, Pa.
NEW YORK AND LONG BRANCH DIVISION.
New York and Long: Branch RR. — Perth Amboy to Bay Head, N. J., 38.04 m. ; 2d track.
38.04 m.; total track (steel, 106.40 m.), 109.98 miles. Consolidation, Dec. 21, 1881, of the New York
and Long Branch, New Egypt and Farmlngdale, Long Branch and Sea Girt, N. Y. and Long Branch
Extension, and Long Branch and Barnegat Bay RRs. Leased to the C. RR. Co. of N. J. and the Penn.
RR. Co., jointly for 99 years from Jan. 2, 1888; rental, Interest on bonds ($69,600 In 1900), 7 p. c. on
stock, and $6,000 for expenses of organization. Dividends are paid monthly. The road is operated under
Independent management, but earnings are not kept separate. Capital stock. $2,000,000; funded debt
(gen. 5s of Sept. 1, 1941, $192,000; gen. 4s of Sept. 1, 1941, $1,500,000), $1,692,000— total, representing
cost, etc., $3,692,000. Trustee: Central Trust Co., New York, N. Y. George F. Baker, Pres.; G. O.
Waterman, Sec. & Treas., New York, N. Y. Office, 143 Liberty Street, New York, N. Y.
LEHIQH AND SUSQUEHANNA DIVISION.
I, «• hi uli and Siis<|ii<»li:iiiiin RR. — (The Lehigh Coal and Navigation Co.) — For mileage and
termini of the several lines of railroad owned by this company (aggregating 163.77 m.), see Sec. la. The
company leases the Nesquehoning Valley RR., Tresckow RR., and Wilkesbarre and Scranton Ry. Total
owned and leased, 192.40 miles. The company also operates, jointly with the Del. & Hudson Co., the
Union RR., from Union June, to Minooka June., 9.66 miles. Rail (steel), 60, 62$ and 65 Ibs. These
roads are the property of the Lehigh Coal and Navigation Co., chartered Feb. 13, 1822. (See Manual
for 1893, page 710.) The railroads are leased for 999 years, from March 31, 1871, to the C. RR. Co. of
N. J., at an annual rental of 33J p. c. of the gross receipts, a minimum of $1,414,400 being guaranteed.
(See Manual for 1900, page 79; also General Index for L. C. & N. Co.)
ALLENTOWN TERMINAL RR.— East Allen-
town to Main Line (C. RR. of N. J.), 3.27 m.;
2d track, 2.69 m.; total track (steel), 11.33 miles.
Organized Aug. 20, 1888; opened March 17, 1890.
Leased for 999 years to the P. & R. & C. RR. Co.
of N. J. by assignment from L. C. & N. Co., at a
rental equal to interest on bonds and 5 p. c. on
stock (payable J. & D., in Philadelphia). Balance
(paya
Sheet, Dec.
.
31, 1901. — Capital stock ($50 shares),
,
$450.000; funded debt (1st 4s of July 1, 1919, Int.
J. & J.), $450.000; current liabilities, $146,759;
accrued Interest on bonds, etc., $9,120 — total, $1,055,-
879. Contra: Cost of road, $1,041,931; cash and cur-
rent assets, $13,948-;-total, $1,055,879. The bonds
are guaranteed, principal and interest, by the Phila.
and Reading and Lehigh Coal and Nav. Cos. Lewis
A. Rlley, Pres.; C. F. Howell, Vice-Pres. ; H. F.
Baker, Sec. & Treas., Philadelphia, Pa. Office, 108
South Fourth St., Philadelphia, Pa.
NESQUEHONING VALLEY RR.— Nesquehoning
June, to Tamanend, Pa., 16.66 m.; 2d track, 7.43 m.;
total track (steel, 32.70 m.), 34.54 miles. Opened In
1870. Leased to the L. C. & N. Co. for 999 years,
Nov. 4, 1868. The road Is included in the lease of the
Lehigh and Susquehanna RR. made March 31, 1871,
to the C. RR. Co. of N. J., and is now operated by
that company. The rental under the lease, paid by
the L. C. & N. Co., is 5 p. c. dividends annually on
the capital stock. The lessees have the right to
commute the rental on Sept. 1, 1904, by purchasing
the capital stock of this company at par. (Sep
Manual for 1899, page 96.) Capital stock, $1,418,600.
Cost of road, etc., $1,421.357. L. A. Rlley, Pres.;
C. F. Howell, Vlce-Pres. ; H. F. Baker, Sec. & Treas.,
Philadelphia, Pa. Office, 108 South Fourth St.,
Philadelphia, Pa.
TRESCKOW RR.— Silverbrook to Audenried,
Pa., 7.60 m.; total track (steel, 14.72 m.), 16.50
miles. Chartered May 26, 1870; opened In 1872.
Leased to Lehigh Coal and Navigation Co., and in-
cluded in the lease of the L. & S. RR., made March
31, 1871, to the C. RR. Co. of N. J. Capital stock
($50 shares), $130,000 paid in; floating debt, $153.-
586— total, representing cost, etc., $283,586. L. A.
Riley, Pres.; C. F. Howell, Vice-Pres.; H. F.
Baker, Sec. & Treas., Philadelphia, Pa. Office, 108
South Fourth St., Philadelphia, Pa.
WILKESBARRE AND PCRANTON RY — Scran-
ton to Minooka June., Pa., 4.37 m. ; 2d track, 2.06 m.;
total track (steel, 11.13 m.), 12.72 miles. Rail, 70
Ibs. Chartered S«pt. 8, 1886, to build a railroad from
Scranton to Plttston; opened as above May 1, 1888.
Leased from date of opening to the Lehigh Coal and
Navigation Co. for 5 p. c. dividends on stock and
interest on bonds. The lease was on the same day
assigned to the C. RR. Co. of N. J., at a rental equal
to 6 p. c. on the cost of the road. Capital stock ($50
shares), $500,000; funded debt (1st 4»s of May 1,
1938, Int. M. & N.), $500,000 — total. $1,000.000. Cost
of road, Dec. 31, 1901, $1,088.026. L. A. Rlley,
Pres.; C. F. Howell, Vice-Pres.; H. F. Baker. Sec.
& Treas., Philadelphia, Pa.
St., Philadelphia, Pa.
Office, 108 South Fourth
LEHIGH AND LACKAWANNA DIVISION.
l,«-hi«h and Lackawanna RR.— Bethlehem, Pa., to Wind Gap, Pa., 25.39 m. ; operated: Wind
Gap and Delaware RR. (see below), 9.96 m. ; trackage (L. & N. E. RR.), 2.08 m.— total, 37.43 m.;
sidings, etc., 6.22 miles. Rail— iron, 57 Ibs.; steel (43.66 m.), 60 Ibs. Organized May 1. 1861. Road
opened In 1867; leased to Lehigh Coal and Navigation Co. for 99 years from Jan. 23, 1867. Operated
by the C. RR. of N. J., in connection with the Lehigh and Susquehanna RR., from Jan 1, 1893, for
21 p. c. of gross receipts. Capital stock paid in, Dec. 31, 1901 ($1.000.000 auth.; $50 shares), $370.500.
Funded debt (1st 7s of Dec. 1, 1907, $100,000; 2d 7s of Dec. 10, 1907, $500.000), $600,000. L. A. Riley.
Pres.; C. F. Howell, Vice-Pres.; H. F. Baker, Sec. & Treas. Office, 108 South Fourth St., Philadelphia, Pa.
WIND GAP AND DELAWARE RR.— Bangor.
Pa., to Saylorsburg, Pa., 9.96 miles. Rail (steel), 60
Ibs. Chartered Nov. 24, 1880; completed in 1888.
RR. Capital stock, $50,000 in $50 shares. L. A.
Rlley. Pres.; C. F. Howell. Vice-Pres.; H. F. Baker,
Sec. & Treas., Philadelphia, Pa. Office, 108 South
Operated In connection with Lehigh and Lackawanna ' Fourth St., Philadelphia, Pa.
Mau«'li Chunk, Summit Hill and Switchhack RR.— Mauch Chunk, Pa., to Summit Hill,
Pa., 9 miles. This gravity road was built in 1826 for the transportation of coal from Summit Hill to
POOR'S MANUAL OF RAILROADS. 161
HIP Loliigh River at Mauoh Chunk. The empty cars were hauled back by mules, brought down In a
car for that purpose with the coal. For the return of the empty cars there were built in 1844 two inclined
,,1,,,,,^ — Mt. Pisgah, 2,322 ft. long and 900 ft. rise above Mauch Chunk and Mt. Jefferson, 2,070 ft. long
.-mil u;2 ft. rise— making an entire circuit of 18 miles. It was abandoned for transportation of coal in
1870, and has been operated since exclusively as a pleasure road. It is leased from the owners, the C.
RR. of N. J., by Alonzo P. and Asa P. Blakslee, of Mauch Chunk, and is operated from May 15 to Nov.
1, each year. Equipment: 18 8-wheel passenger cars, 7 4-wheel passenger cars, 4 8-wheel coal cars, 1
8-wheel flat car, 1 8-wheel water car, and 3 4-wheel workmen's trucks.
13. Board of Directors, Central RR. Co. of New Jersey, elected May 9, 1902.
Geo. P. Baer New York, N. Y.
Joseph S. Harris.. Philadelphia, Pa.
J. Lowber Welsh. .
E. B. Thomas New York, N. Y.
George F. Baker . .
Harris C.Fahnestock " "
J. Rogers Maxwell. Brooklyn, N. Y.
Henry Graves Orange, N. J.
Charles Steele New York, N. Y.
GEORGE F. BAER, President New York, N. Y.
J. R. Maxwell, Chairman Executive Committee "
Sec. & Treas.—G. O. Waterman , New York, N. Y. | Gen. Mgr.—W. G. Besler New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 143 Liberty Street, New York, N. Y.
ULSTER AND DELAWARE RAILROAD COMPANY (THE).
Main Line of Road. — Kingston Point to Oneonta, N. Y 107.26 miles.
Kaaterskill Branch : Kaaterskill Junction to Kaaterskill, N. Y 7.56 "
Hunter Branch : Phoenicia to Hunter, N. Y 14. 08 "
Total mileage operated 128.90 miles.
Sidings, 24.67 miles. Gauge, 4 ft. 8£ in. Rail (steel, 149.64 m.), 60 to 90 Ibs.
History. — Consolidation, effective Jan. 1, 1902, of the Ulster and Delaware RR. Co.,
the Delaware and Otsego RR. Co., the Hobart Branch RR. Co., the Kaaterskill RR. Co., and
the Stony Clove and Catskill Mountain RR. Co. The Ulster and Delaware RR. Co., owner
of the line from Kingston Point to Stamford, N. Y., 74.31 miles, was a reorganization (June
11, 1875) of the New York, Kingston and Syracuse RR. Co. The Hobart Branch RR. Co.,
chartered March 5, 1884, built the road from Stamford to Hobart, N. Y., 3.52 miles, opening
it for business on Dec. 1, 1884. It was leased for 999 years from June 1, 1888, to the Ulster
and Delaware RR. Co. The line from Hobart to Oneonta, N. Y., 29.43 miles, was built
under the charter (granted May 5, 1887) of the Delaware and Otsego RR. Co., the section
from Hobart to Bloom ville, 8.79 miles, being opened on May 20, 1891, and the extension to
Oneonta ten years later. The road was leased to the Ulster and Delaware RR. Co. for 999
years from Feb. 1, 1893. The Stony Clove and Catskill Mountain RR., from Phoenicia to
Hunter, N. Y., 14.08 miles, was built under a charter granted on Jan. 18, 1881, and was
opened throughout on June 24, 1882. The Kaaterskill RR. Co. was chartered Nov. 23,
1882, and its road, from Kaaterskill Junction to Kaaterskill, 7.56 miles, was opened June 25,
1883. On June 1, 1893, the securities of both the Kaaterskill RR. Co. and the Stony Clove
and Catskill Mountain RR. Co. were acquired by the Ulster and Delaware RR. Co. , but their
properties were operated independently until June 30, 1900, when they were leased to the
Ulster and Delaware RR. Co. for the term of 999 years. The Ulster and Delaware RR. Co.
also owned the capital stock of the Delaware and Otsego RR. Co. and of the Hobart Branch
RR. Co. In the consolidation the stockholders of the Ulster and Delaware RR. Co. received
share for share in the capital stock of the consolidated company ; the capital stocks of the
other parties to the consolidation were cancelled.
Rolling Stock, June 30, 1901. — Locomotives, 20. Cars — passenger, 24 ; baggage,
etc., 10 ; freight (box, 55 ; flat, 148 ; stock, 2 ; coal, 82 ; milk, 9), 246 ; other, 11— total, 291.
Operations, year ending June 30, 1901. — Train mileage — passenger, 250,505 ; freight,
184,716 ; other, 53,688— total, 488,909 miles. Passengers carried, 269,277; carried one mile,
8,114,798 ; average mile rate, 2.54 cents. TOHS freight moved, 250,402 ; moved one mile,
14, 791, (513 ; average ton-mile rate, 2.55 cents.
'
Earnings— Passenger $206,422 62
Freight 376,946 91
Mail and Express 24,053 56
Miscellaneous 4,868 56
Total ($4,750. 12 per mile) $612,291 65
11
Expenses— Maintenance Way & Buildings ..$121, 168 64
Maintenance of Equipment 53,076 07
Conducting Transportation 232,169 87
General 23,21562
Total ($3,&33.05 per mile) $429,630 20
162
POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
Net earnings (29.83 p. c.), $182,661.45. Payments : Interest on bonds, $124,939.38 ; on
debt, $3,333.94; taxes, $28,990.40— total, $157,263.72. Surplus, $25,397.73; surplus for-
ward, $408,230.62— total, $433,628.35.
Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30
Balance
Years.
Capital
Stock.
Bonded
Debt.
Cost and
Invest-
ments.
RR.
Oper-
ated.
Gross
Earn-
ings.
Expen-
ses and
Taxes.
Net
Earn-
ings.
Total
Net
Ilev'ue.
Interest
Charges.
Total
Pay-
ments.
S
S
$
Miles.
i
S
5
$
8
$
1894...
1,794,600
1,852,500
3,990,949
86.40
428,053
308,942
119,111
120,055
93.202
93,202
1895...
1,794,600
1,852,300
4,020,622
86.40
405.227
335,607
69,620
103,748
92,600
92,600
1896...
1,794,000
1.852,300
4,123,920
87.40
419,355
334,626
84,729
101,435
92,657
W.657
1897...
1,794,600
1,997,300
4,236,279
87.40
400,757
310,023
90,734
107,434
95,802
98,705
1898...
1,794,600
1,997,300
4,288,657
87.40
405,268
308,101
97,167
107,167
99,948
101,0.58
1899...
1,794,600
1,997,300
4,346,647
87.40
417,194
313,342
103.852
114,752
99,948
103,730
1900...
1,794,600
2,496,300
4,105,040
87.40
473,663
353,753
119,910
131,310
109,525
114,11(2
1901...
1,794,600
2,497,300
4,105,640
128.90
612,291
429,630
182,661
182,661
128,273
157,263
Materials and Supplies
Current Assets
Deferred Assets
+ 11,148
+ 8,778
+ 8,669
+ 6,109
+ 11,022
+ 17,118
+ 25,398
General Balance Sheet (Consolidated Company), January 1, 1902.
Capital Stock $1,794,600 00
Funded Debt 2,498,400 00
Reserve for Maintenance, etc 165,194 70
Accrued Interest on Bonds 31,503 31
Current Liabilities 216,655 31
Deferred Liabilities 237 20
Balance, Surplus 449,036 97
Cost of Road and Equipment $5,039,69508
Reserve Funds 18,975 00
39,264 00
56,393 43
1,299 98
Total Assets.
.$5,155,627 49
Total Liabilities $5,155,627 49
Capital Stock.— The authorized capital stock is $3,000,000 in $100 shares. The amount un-
issued is reserved for general corporate purposes.
Funded Debt — The funded debt outstanding on Jan. 1, 1902, consisted of $1,997,000 ($2,000,000
auth.) 1st consol. gold 5s of June 1, 1928, $500,000 2d 5s of May 1, 1919, and $1,400 2d income 7s of July 1,
1905. The consols cover the entire property of the company; the 2d mtge. bonds cover the properties-
formerly of the Ulster and Delaware RR. Co., Delaware and Otsego RR. Co. and Hobart Branch RR. Co.
Additional particulars will be found in the Ready Reference Bond List — see General Index.
Directors (elected Dec., 1901). — Samuel D. Coykendall, Kingston, N. Y.; Horace
Q. Young, Albany, N. Y. ; George I. Wilbur, Oneonta, N. Y.; Thomas C. Coykendall, Alvah
S. Staples, Amos Van Etten, Henry C. Soop, Harry S. Coykendall, Kingston, N. Y.; Davis
Winne, The Corner, N. Y.
SAMUEL D. COYKENDALL, President Kingston, N. Y.
Thomas C. Coykendall, Vice- President "
Treasurer— Henry S. Coykendall Kingston, N. Y. | Secretary— Henry C. Soop Kingston, N. Y.
Auditor— R. B. Jones Rondout, N. Y.
PRINCIPAL OFFICE AND ADDRESS Rondout, N. Y.
WESTERN MARYLAND RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Auxiliary Roads 3
Capital Stock 11
Directors and Officers 18
Funded Debt Outstanding 12a
Funded Debt, Details of 12
General Balance Sheet, 1894-1901. 9
Gen. Bal. Sheet, Sept. 30, 1901.. 10
History 5
Income Account, year 1901 7
Income Account, years 1894-1901. 9
Leased Lines, Statements for... 17
Mileage of Road, 1894-1901 9
Mileage Operated, Sept. 30, 1901 . 1
Operating Divisions of Railroad. 2
Operations, Property and Gen-
eral Balances, 1894-'l901 9
Profit and Loss Account, Sept.
30,1901 8
Retirement of City Stock, 4th
Mtge 5
Rolling Stock, 1894-1901 9
Rolling Stock, Sept. 30, 1901 .... 6
Sinking Fund. Details of 13
Trackage and Traffic Contracts.. 4
1. Mileage Operated, Sept. 30, 1901.— .4. LINES OWNED (total, 92.48 miles).
Main Line : Baltimore (Fulton Jc.), Md., to Williamsport, Md 90.29 miles.
Hillen Station Section : Hillen Station to Madison St., Baltimore, Md 0.40
Hagerstown Connections: with B. & 0. & N. & W. RRs. at Hagerstown 1.79 "
B. LEASED LINES (total, 165.11 miles).
Baltimore & Cumberland Valley Ry. inMd. : Edgemont, Md., to State Line, Pa. 3.03 "
Baltimore & Cumberland Vy. RR. in Pa. : State Line, Md., to Wayn'boro', Pa. 4.55
Baltimore & CumberlandVy. RR. Exten. : Waynesboro* to Sliippensburg, Pa.. 26.52
Baltimore & Hnrrisburg Ry. : (see appended statement) 60.00 "
Baltimore, & Harrislmrg Ry,, Eastern Extension: Porters' to York, Pa 16.60
Baltimore & Hurrisburg Ry., Western Extension : Orrtanna to Highfield, Pa.. . 15.00
Potomac Valley RR. : Potomac Valley Jc., Md.. to Cherry Run, W. Va 14.30
Washington d- Franklin Ry. : Hagerstown North Jc., Md., to Zuinbro Jc., Pa. . 19.11 "
Total length of lines operated, Sept. 30, 1901 257.59 miles.
POCK'S MANUAL — WESTERN MARYLAND RR. CO.
163
Sidings, etc. (owned, 84.11 m.; leased, 39.46 m.), 73.57 miles. Gauge, 4ft. 8^ in. Rail-
iron, 56 Iba.; steel (owned, 110.34m.; leased, 199.06 m.— total, 809.40 m.). 60, 70, and 80 Ibs.
2. Operating1 Divisions. — The railroad is operated in two grand divisions— the First
Division, embracing the Western Maryland proper, tbe Baltimore and Cumberland Valley
lines, the Potomac Valley RR., and the Washington and Franklin Ry.,and the Second Di-
vision, consisting of the Baltimore and Harrisburg lines.
3. Auxiliary Roads. — The following roads are part of the Western Maryland system,
but are not controlled or operated by the Western Maryland RR. Co.: Emmitsburg RR., 6.8
miles ; Monocacy Valley RR., 3.9 miles; Bacliman Valley RR. of Md., 5 miles; Berlin Branch
RR., 7 miles; a total of 22.7 miles of road with 2.76 miles of sidings.
4. Trackage and Traffic Contracts. — The company has trackage rights over 2.7 miles
of railroad in Baltimore (from Madison Street to Fulton Junction), owned jointly by the
Northern Central Ry. Co. and the Baltimore and Potomac RR. Co. Under an arrangement
effective March 12, 1899, this company and the Philadelphia and Reading Ry. Co. supply
motive power for through freight service between Hagerstown, Md., and Harrisburg, Pa., in
proportion to interested mileage, Western Maryland engines running through to Harrisburg
and Philadelphia and Readinsr engines to Hagerstown. All interchanges of business made
through the Cumberland Valley between the Philadelphia and Reading Ry., the Baltimore
and Ohio RR. and the Norfolk and Western Ry. pass over this road.
5. History. — Chartered March 21, 1853; road opened Dec. 17, 1873. (See MANUAL for
1891, page 572.) On May 27, 1902, the entire interest of the city of Baltimore in this com-
pany was sold to a syndicate for the sum of $8,751,370.45. The ordinance under which the
sale was made imposed upon the syndicate a contractual obligation to build terminals in the
city of Baltimore costing not less than $3,000,000, this undertaking to be ultimately secured
by the deposit of $3,000,000 bonds upon the railroad, the proceeds of which will be available
for the construction and acquisition of terminals and terminal property.
Baltimore City 6 p. c. stock to the amount of $1,000,000, loaned to the company on
its fourth mortgage in 1872, matured and was retired by application of proceeds of an equal
amount of 3£ p. c. city stock, which has had the effect of reducing the company's fixed
charges $25,000 per year. The company has been able to pay all of its interest, and thereby
fully relieve the city from bearing any portion of it, since July 1, 1900.
6. Rolling Stock, Sept. 30, 1901. — Locomotives, 71. Cars — passenger, 51; combina-
tion, 10; parlor, 1; baggage, mail, and express, 14; milk, 1 ; market, 1 ; freight (box, 391 ;
gondola, 277 ; stock, 51 ; refrigerator, 5 ; cabin, 21), 745 ; Russell snow-plows, 3 ; service
cars, 189 — total cars, 1,015. Also 26 coal dumps. Of these, 99 box cars are leased.
7. General Income Account, year ending September 30, 1901 :
W. M. RR.
B.&H.Ry.
Total.
W.M.RR.
B.&H.Ry.
Total.
Earnings :
$
312,743 42
1,364,792 06
20,261 84
24,746 20
31,867 54
19,022 72
$
119,332 80
206,342 50
6,948 06
4,967 67
6,218 13
2,230 68
$
432,076 22
1,571,134 56
27,209 90
29,713 87
38,085 67
21,253 40
Expenses :
Mai nt. Way, etc..
Maint. Equip
Transportation . .
General
$
165,542 33
176,341 06
569.207 50
99,412 59
90,020 40
36 668 04
45,012 25
19,970 82
115,694 10
9,645 80
7 241 45
$
210,554 58
196,311 88
684,901 60
109,058 39
90,020 40
Freight . .
Mail
Express
Milk
Track'gep'd,B.&
P. and N.C. RR.
Other
Total Earnings
Net Earnings . .
Pref.Div.B.& H.Ry.
Com.Div.B.&H.Ry.
Net Income
1,773,433 78
636,241 86
5 00
32,952 50
346,039 84
148,475 42
2,119,473 62
784,717 28
5 00
32,952 50
Total Expenses
Interest on Bonds. .
Rentals
1,137,191 92
204,581 32
127,593 64
197,564 42
34,500 00
1,334,756 34
239,081 32
127,593 64
66,159 92
34545 00
1,455 00
* Other Charges
Common Dividend.
Preferred Dividend.
Total Payments..
65,495,35
664 57
34,545 00
1,455 00
669,199 36
148,475 42
817,674 78
397,670 31
71,164 57
468,834 88
•Consisting of the following: Hillen Terminal interest, $26,861.48; interest and discount, $15,983.08;
ground rents, $1,621.51; P. V. RR. sinking fund, $7,962.50; B. & C. V. Ry. sinking fund, $1,000; B. & C. V.
RR. sinking fund, $1,400; B. & C. V. RR. Ext. sinking fund, $4,000; Blue Ridge Hotel Co., account
interest guaranty, $7,331.35— total, $66,159.92.
Surplus carried to credit of profit and loss (Western Maryland RR, Co., $271,529.05 ; Bal-
timore and Harrisburg Ry. Co., $77,810.85), $348,889.90.
§. Profit and Loss Account, W. M. RR. Co., year ending Sept. 30, 1901 (and adjust-
164
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
ments therein from Sept. 30, 1900).— Balance at debit Sept. 30, 1900, $3,662,058.49; sundry
adjustments to profit and loss direct (debit, $19,217.44 ; credit, $18,851.06), $366.38— total,
$3,662,424.87. Contra : Surplus income, year ending Sept. 30, 1901, $271,529.05 ; balance
at debit, Sept. 30, 1901, $3,390,895.82— total, $3,662,424.87. The debit balance includes
$3,877, 187.09 of accumulated interest due to the city of Baltimore.
9. Statement of operations and financial condition for eight years ending Sept. 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of RR. Operated... .
Train Mileage.
237.70
1,514,429
1,094,761
22,529,747
1,352,334
68,747,137
$
358,747
733,004
111,423
237.70
1,673,802
1,088,181
22,266,563
1,626,721
79,138,185
$
337,042
831,499
109,322
238.40
1,718,697
1,164,421
22,510,383
1,660,884
81,324,454
$
834,834
832,131
98,72o
238.69
1,607,552
1,132,722
21,986,020
1,915,239
93,907,509
' s
329,536
811,074
110,029
238.69
2,103,041
1,200,956
24,900,274
2,660,036
150,880,553
$
361,086
996,419
110,650
253.06
2,124,737
1,185,623
24,770,721
3.305,260
183,813,412
|
368,366
1,076,333
91,236
253.06
2,006,470
1,208,696
25,418,664
3,491,428
178,125,101
$
404,430
1,334,316
84,995
257.59
2,210,729
1,286,902
27,141,174
4,^60,126
2.30,964,843
*
432,076
1,600,848
8(3,549
Passengers Carried
Freight (tons) Moved
Freight (ton) Miles
Earnings— Passenger
Fr'ght & Exp. .
Miscellaneous.
Gross Earnings
1,203,174
784,785
1,277,863
820,150
1,265,690
845,177
1,251,239
816,331
1,468,155
973,688
1,535.935
1,003,616
1,823,741
1,153,212
2,119,473
1,334,756
Operating Expenses
Net Earnings
418,389
457,713
420,513
434,908
32,952
494,467
' 33,000
532,319
32,958
670,529
32,958
784,717
32,958
Other Receipts
418,389
27,655
15,168
257,216
78,744
1,445
457,713
18,678
14,195
1&3,605
98,658
1,356
420,513
21,462
14,427
198,559
103,679
1,520
7,000
73,866
5,309 10
3,545 21
1,76389
66.78 p. C.
1.49c.
0.982 c.
92.40
121.11
92.40
51
62
18
837
$
684,950
324,000
4,711,530
1,648,478
680,991
56,021
467,860
23,889
7,604
202,660
104,741
35,941
7,525
85,500
5,242 11
3,420 05
1,82206
65.24 p. c.
1.50C.
0.842 c.
92.69
122.59
92.69
51
62
17
868
$
684,950
324,000
4,711,530
1,648,478
780,890
56,571
527,467
27,349
6,846
201,860
104,252
35,985
9,507
141,668
6,150 89
4,079 30
2,071 59
66.32 p. C.
1.45c.
0.646 c.
92.69
124.23
92.69
61
62
18
864
$
684.950
324,000
4,711,530
1,648,478
765.474
56,859
565,277
*
*
319,310
114,171
36,000
15,604
80,132
6,069 45
3,965 92
2,103 53
65.34 p. c.
1.49 C.
0.573 C.
92.69
126.93
92.69
61
62
894
s
684,950
324,000
4,556,944
406,782
4,414,338
88,836
703,487
*
*
295,976
120,080
36,000
16,982
234,449
7,206 75
4,55707
3,649 68
03.23 p. c.
1.59C.
0.734 c.
92.69
125.99
ei"
62
16
915
8
684,950
324,060
4,431,697
362,310
4,424,193
95,821
817,675
*
*
281,926
127,594
36,000
23,315
348,840
8,22809
5,181 71
3.04638
62.98 p. c.
1.59c.
0.680 c.
92.48
126.59
110.34
71
62
16
963
*
6S4.950
324,000
4,420,975
445,110
4,419,449
100,410
Payments — Taxes
Betterments. .
Interest
Rentals
Dividends
Other
Balance, Surplus . ..
38,161
5,061 73
3,301 5S
1,760 15
65.23 p. c.
1.59c.
1.04c.
92.40
118.91
92 40
48
62
17
876
$
684,750
324,000
4,711,530
1,359,564
452,590
54,621
141,221
5,375 95
3,450 36
1,92559
64.18 p. c.
1.51 c.
1.03 c.
92.40
118.91
92.40
51
62
18
857
$
684,750
324,000
4,711,530
1,359,564
415,021
54,731
Gross Earnings per Mile..
Gross Expenses per Mile. .
Net Earnings per Mile —
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile..
Av. Rate p. Ton p. Mile. . .
Miles of RR. Owned
Miles of Track Owned
Miles of Steel Rail Owned.
Locomotives
Passenger Cars
Baggage, Mail, etc., Cars..
Freight and Other Cars. . .
Common Stock
Preferred Stock
Funded Debt
Cont'nt Lia'ties— Contra.
Current Liabilities
Accrued Liabilities
Total Liabilities
Road and Equipment
Cont'nt Assets— Cotitra...
Sinking Funds
Materials on Hand. . . .
7,587,055
5,350,770
1,365,690
354,243
48,788
109.575
457,989
7,549,596
5,434,154
1,365,690
268,312
49,832
33,196
398,411
8,105,970
5,498,846
1,661,605
286,040
50,588
247,194
361,697
8,206,419
5,552,406
1,661,005
302,487
47,615
256,077
386,229
8,191,291
5,630,654
1,681,605
317,452
61,247
248,904
271,429
10,475,850
5,783,229
454,154
t
61,169
209,611
3,967,687
10,322,971
5,813,109
454,445
t
88,916
304.443
3,662,058
10.394,994
5,985.838
454,724
t
88,071
475,465
3,390,896
Cash and Current Assets..
Profit and Loss
Totals
7,587,055
7,549,596
8,105,970
8,206,419
8,191,291
10,475,850
10,322,971
10,394,994
* Included in operating expenses. t Applied to credit ol funded debt.
1O. General Bitlance Sheet, September 30, 1901.
Construction and Equipment $5,985,838 51
Contingent and Other Assets (see Sec. 14) 454,724 28
Materials on Hand 88,070 85
Cash and Current Assets (see Sec. 15) . . 475,465 35
Total Assets $7,004,098 99
Profit and Loss 3,390,895 82
Total $10,394,994 81
Common Stock ($50 shares) $684,950 00
Preferred Stock ($50 shares) 324,000 01
Funded Debt Outstanding (see Sec. 11).. 4,420,975 07
Contingent and Other Funded Liabilities 445,210
Current Liabilities 4,419,44901
Accrued Liabilities 100,410 40
Total Liabilities $10,394,994 81
POOR'S MANUAL — WESTERN MARYLAND SYSTEM. 165
11. Capital Stock — The City of Baltimore owns $200,000 of the common stock, and Washington
County, Md., owns $110,000 of the common stock and all of the preferred stock. The preferred stock
has prior right to dividends up to 6 p. c. per annum, non-cumulative.
12. Funded Debt — The funded debt outstanding on Sept. 30, 1901, consisted of $43,500 1st 6s,
due Jan. 1, 1890, endorsed by the City of Baltimore, and $178,500 2d preferred 6s due Jan. 1, 1895; also
the following mortgages and debts to the City of Baltimore: $1,000,000 4th mortgage due Jan. 1, 1902, with
interest at 6 p. c. per annum; $1,704,000 5th mortgage due Jan. 1, 1927, with interest at 3J p. c. per
annum; $875,000 6th mortgage due March 1, 1930, with interest at &i p. c. per annum; $684,000 City of
•Baltimore loan due July 1, 1925, with interest at 4 p. c. per annum; and $226,530 of 6 p. c. funding
certificates due July 1, 1890. The 4th, 5th, and 6th mortgages represent issues of Baltimore City stock.
The 6th mortgage is for '$1,875,000, of which $1,000,000 is reserved for the retirement of the 4th mortgage.
Interest on all issues is payable on the 1st of Jan. and July, at Hillen Station, Baltimore, Md.
12u. The amount of funded debt shown in the balance sheet, $4,420,975.07, includes the sum out-
standing as per preceding statement of funded debt, less the amounts in 5th mortgage and 6th mortgage
sinking funds and in sinking fund for City of Baltimore Loan of 1925, and also includes $71,742 of unfunded
coupons held by the city of Baltimore.
13. Sinking Funds — The sinking funds of this company in the hands of Baltimore Commissioners
of Finance are as follows; Hillen Station sinking fund, $85,461.43; W. M. RR. Terminal sinking fund,
$34,044.62; 5th mortgage sinking fund, $160,695.12; 6th mortgage sinking fund, $120,367.36; W. M. RR.,
1925 loan, $81,234.45— total, $481,802.98.
14. Contingent and Other Funded Liabilities — Hillen Station property, $200,000;
Western Maryland Terminal property, $131,163.81; Western Maryland Terminal property under contract
of purchase, $30,564.49; station and improvement loans, $48,500; equipment trusts, $113,888.08; Vogeler
property, Hagerstown, $30,000; Westminster Station ground, $5,000; Owings' Mills Station property,
$5,000; Howardville Station property, $600— total, $564,716.38. Deduct amounts in sinking funds (Hillen
Station property, $85,461.43; W. M. RR. Terminal property, $34,044.62), $119,506.05. Balance, $445,210.33.
15. Contingent and Other Assets.— W. M. RR. Terminal Co., $6,786.18; W. M. RR. Terminal
property, $131,163.81 W. M. RR. Terminal property, independent purchase, $17,126.65; W. M. RR. Terminal
property, under contract of purchase, $30,564.49; Hillen Station property, $200,000; W. M. Tidewater RR.
Co., $28,483.15; Vogeler property, Hagerstown, $30,000; Westminster Station grounds, $5,000; Owings'
Mills Station property, $5,000; Howardville Station property, $600— total, $454,724.28.
16. Cash and Current Assets.— This item includes $500 stock of W. M. Tidewater RR., $105
preferred stock of B. & H. Ry. and $240,000 stock of B. & H. Western Extension, but $216,843.13 is deducted
that amount being due to B. & H. Western Extension. Other stocks owned by the company but not
included in the balance sheet are as follows: 13,181 shares Baltimore and Harrisburg Ry. common stock,
$659,050; 850 shares Baltimore and Cumb. Vy. Ry. stock, $42,500; 1,534 shares Balto. & Cumb. Vy. RR.
stock, $76,700; 10,000 shares Potomac Valley RR. stock, $500,000; 4,800 shares B. & H. Western Extension
stock, $240,000; 90 shares West. Maryland Tidewater RR. stock, $4,500— total, $1,522,750.
17. RAILROADS LEASED BY THE WESTERN MARYLAND RR. Co.
Baltimore and Cumberland Valley Ry.
—From Edgemont, Md., to State Line, Pa., 3.03
m.; total track (steel; 56 Ibs.), 3.53 miles. Chartered
Sept. 5, 1878; opened July 5, 1880. Leased to W.
M. RR. Co., for 50 years from July 1, 1879,
with privilege of renewal or purchase; rental, Inter-
est on bonds. Balance Sheet, Sept. 30, 1901. — Capital
stock ($50 shares), $42,500; funded debt (1st 6s of
July 1, 192!), int. J. & J.), $48.500; sinking fund
(contra), $1.000; due sinking fund, $250; accrued
Interest on funded debt. $727.50 — total, $92,977.50.
Contra: Cost of road. $91.000; sinking fund. $1,000;
W. SI. RR. Co. (acct. sinking fund, $250; acct.
accrued rental. $727.50), $977.50— total. $92,977.50.
J. M. Hood. Pres.: J. T. M. Barnes, Sec. & Treas.,
Baltimore, Md. Office, Hillen Station, Baltimore,
Md.
Baltimore and Cumberland Valley RR.
—State Line, Md., to Waynesboro', Pa., 4.65 m ;
total track (steel; 56 Ibs.). 7.97 miles. Chartered
Aug. 19, 1878; road opened July 5, 1880. Con-
tinuation in Pennsylvania of the B. & C. Vy. Ry. and
leased to W. M. RR. Co. for interest on bonds.
the term and conditions of the lease being the same
as for the Md. road. Balance Sheet. Sept. 30, 1901.
— Capital stock ($50 shares), $76,700; funded debt
(1st 6s of July 1, 1929, Int. J. & J.), $72,800; sinking
fund (contra), $1,400; due sinking fund. $330;
accrued interest on funded debt, $1.092 — total, $152,-
342. Contra: Cost of road, $149,500 sinking fund,
$1.400; W. M. RR. (acct. sinking fund, $350; acct.
accrued rental, $1,092), $1,442— total, $152.342. I.
N. Snlvely, Pres.; Daniel Hoover, Treas.; J. J.
Miller, Sec., Wayneshoro'. Pa.
Baltimore and Cumberland Valley
RR. extension. — Waynesboro' to Shlppens-
burg, Pa., 26.52 m.; total track (steel; 56 Ibs.),
33.24 miles. Chartered June 25, 1880; opened through-
out, Oct. 24, 1881. (See Manual for 1893.) Leased
to W. M. RR. Co. for 50 years, from July 1, 1881,
with privilege of renewal; rental, $32,700 yearly,
being 7 p. c. on stock, and Interest on bonds, both
payable Jan. and July, at Hillen Sta., Bait., Md.
Balance Sheet, Sept. 30, 1901. — Capital stock ($50
shares), $270,000; funded debt (1st 6s of July 1,
res),
t, int.
1931, int. J. & J.), $230.000; unfunded debt, $16.-
500; sinking fund (contra). $4.000; due sinking fund,
$3,000; accrued interest on funded debt and on guar.
stock, $8,175 — total. $531.675. Contra: Cost of road,
$516.500; sinking fund, $4.000; W. M. RR. Co. (acct.
sinking fund, $3,000; acct. accrued rental, $8.175),
$11,175— total, $531.675. T. M. Mahon, Pres.,
Chambersburg, Pa.; J. T. M. Barnes, Treas., Balti-
more, Md. ; C. A. Suesserott, Sec., Chambersburg,
Pa. Office, Chambersburg, Pa.
Baltimore and Harrisbnrg Ry. — Emory Grove, Md., to Orrtanna. Pa., 58.7 m. ; Valley Junction
to Hanover Junction, Pa., 6 m.; Intersection to State Line, 1.3 m. — total, 66 miles. Operated: Baltimore
and Harrisburg Ry., West. Extension (see below), 15 m. ; Baltimore and Harrisburg Ry. East. Extension
(see below), 16.6 m. — total operated, 97.6 miles. Sidings. 18.30 miles. Rail (steel. 91.43 m.), 56 and 60
Ibw. Consolidation, Sept. 20, 1886. of the Han. June., Han. & Gettysburg, Bachman Valley, and Balti-
more and Hanover RR. Cos. (See Manual for 1888, page 338.) Leased for 50 years, from Oct. 25,
1886, to the W. M. RR. Co.; rental, guaranty of fixed charges. Locomotives, 3. Cars — passenger, 5;
baggage, etc., 2; combination, 2; freight (box, 41; gondola, 27; stock, 15), 83; coal dumps, 4; service, 3;
Russell snow-plow, 1 — total, 100. Also 17 hand cars and 19 trucks. Profit and Loss Account, Sept. 30,
1901, and adjustments therein from Sept. 30, 1900. — Balance at credit, Sept. 30, 1900, $184,005; surplus,
year ending Sept. 30, 1901, $77,311; sundry adjustments to profit and loss direct (credits, $2,208.42;
debits, $1,729.44), $478.98— total. $261,794.65. General Balance Sheet, Sept. 30, 1901.— Capital stock
(common, $690,900; preferred, $29,100), $720.000; funded debt (1st 5s of Nov. 1, 1936, int. M. & N.),
$690,000; current liabilities. $71.487; profit and loss, $261,795— total, $1,743.282. Contra: Cost of
property, $1.436,869; W. M. RR. loan, $251,764; cash and other assets, $54.649— total, $1,743,282.
Securities owned by the company but not included In the balance sheet: $14.500 2d mtge. bonds, $5.300
stock and $4,947 notes of the Berlin Branch RR. ; $20.000 stock of the Frederick and Pennsylvania Line
RR.; $13,091 notes of the Bachman Valley RR., and $476 of other notes— total, $58,314. Howard E.
166
POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Young. Pre«.; B. M. Wlrt, iec.. Haaover, P«.;
Hanover, Pa.
BALTIMORE AND HARRISBURG RY. EAST.
EXT. — Porters' to York, Pa., 16.6 m.; total track
i-iti-t'l; 60 Ibs.), 20.12 miles. Chartered NOT. 29,
1890- road opened, Sept. 12, 1893. Leased to W.
M. RR. Co., and B. & H. Ry. Co., Jointly and
severally, for 50 years from Jan. 14, 1891, with
privilege of renewal; rental. Interest on $561,000 of
5 p. c. bonds, payable Jan. and July. (See statement
for Potomac Valley RR.) Operated by the B. &
H. Ry. Co. Balance Sheet, Sept. 30, 1901. — Capital
stock. $175,000; unfunded debt, $387,383 — total,
$562,383, representing cost of road. W. H. Lanlus,
Pres.; George S. Schmidt. Sec., York, Pa.; J. T. M.
Barnes, Treas., Baltimore, Md. Office, York, Pa.
3, T. M. Barnec, Treat., Baltimore. Md. Offloe.
BALTIMORE AND HARRISBURG RY. WEST.
EXT.— Orrtanna to Highfleld, Pa., 15 m.; total track.
16.78 miles. Rail (steel. 15 m. ), 60 Ibs. Chartered
April 30, 1888; road opened June 4, 1889. Leased to
H. & II. Uy. Co. as lessor, arid to W. M. RR. Co. as
lessee of the B. & H. Ry., for 50 years from June
1. 1889; rental, Interest on bonds. Balance Sheet.
Sept. 30, 1901. — Capital stock. $240.000; funded debt
(1st 5s of May 1, 1938, Int. M. & N.). $240.000: uc-
crued Interest on bonds and other liabilities. $6.402
—total. $486,402. Contra: Cost of road. $264..V.l:
other assets, $221,851 — total, $486.402. Howard E.
Young, Prea., Hanover, Pa.; J. T. M. Barnes, Trc;is..
Baltimore, Md. ; W. P. Qulmby, Sec., Gettysburg,
Pa. Office, Gettysburg, Pa.
Potomac Valley RR.— Potomac Valley Junct.,
Md., to Cherry Ruft, W. Va.. 14.30 m.; total track
(steel; 60 Ibs.), 21.81 miles. Chartered Jan. 16, 1890;
road opened Sept. 12, 1892. Leased to the Western
Md. RR. Co., for 50 years from Jan. 14, 1891; rental,
Interest on bonds, described below. Balance Sheet,
Sept. 30, 1901.— Capital stock (P. V. RR. Co., $500,-
000; P. V. RR. Co. of W. Va., $1,150), $501,150;
funded debt (1st 5s of Jan. 1, 1941, Int. J. & J.),
$1,150,000; current liabilities. $55.106; accrued liabil-
ities, $20.412; payments and accretions to sinking
fund, $70.035— total, $1,796,703. Contra: Cost of
road, $1.070.123; stocks owned. $176.150; sinking
fund, $70,035; other assets, $380.495 — total, $1.796,-
703. Funded debt authorized is $2,000.000, to cover
four independent lines, viz.: (1) Potomac Valley
RR., 14.30 m. in operation, on which $539.000 bonds
are outstanding; (2) Baltimore and Harrisburg Ry.
Eastern Extension. 16.6 m. in operation, on which
$561,000 are outstanding; (3) York, Pa., to Chlckies,
connecting with the main line of the P. & R. Ry., yet
to be built: (4) Thomasville to Bowmansdale, Pa.,
connecting with the P. & R. Ry. at Harrisburg, Pa.,
yet to be built. The Western Maryland RR. Co. and
the Baltimore, and Harrisburg Ry. Co. jointly and
severally guarantee the bonds, both as to principal
and interest. J. M. Hood, Pres.; J. T. M. Barnes,
Sec. & Treas.. Baltimore, Md.
WaNhiiiKton and Franklin Ry.— Hajjors-
town, Md., to Zumbro, Pa., 19.11 m. ; "total track
(steel; 80 Ibs.), 22.12 miles. Consolidation June 10.
1899, of the Hagerstown and State Line RK. Co. and
the Washington and Franklin RR. Co. (See Manual
for 1899. pages 208 and 209.) Road opened to Quin-
sonia. Pa., March 12, 1899; extension to Zumbro. Pa.,
5 m., opened Jan. 27, 1901. Leased to the W. M. RR.
Co. at a rental equivalent to 5 p. c. on cost of road.
Balance Sheet. June 30. 1901. — Capital stock. $150,-
000; funded debt (1st mtge. 5s of Jan. 1. 1!)39. int.
J. & J.). $150,000; unfunded debt, $152.768 — total
representing cost of road. $452.768. W. V. Brewer,
Pres., Chambersburg, Pa.; J. J. Miller, Sec.,
Waynesboro', Pa.; J. T. M. Barnes, Treas., Balti
more, Md.
1§. Board of Directors, Western Maryland RR. Co., as constituted August 6, 1902.
A. H. Calef New York, N. Y.
H. C. Deming "
John W. Gates "
Edwin Gould
Geo. J. Gould New York, N. Y.
Lawrence Greer. . . "
H. B. Henson "
John M. Hood Baltimore, Md.
F. S. Landstreet. .
W. H. Mclntyre..
W. S. Pierce
Chas. W. Slagle...
S. Davies Warfleld Baltimore, Md.
, . .Baltimore. Md.
New York, N. Y.
, . .Baltimore, Md.
WINSLOW S. PIERCE, President 120 Broadway, New York, N. Y.
Fairfax S. Landstreet, Vice-President and Gen. Manager. . . .Baltimore, Md.
Sec. & Treas. -J. T. M. Barnes Baltimore, Md. | Asst. Sec. & Asst. Treas.— H.B. Henson, New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Hillen Station, Baltimore, Md.
ALLEGHENY AND SOUTHSIDE BY. -Projected: Allegheny to Pittsburgh, Pa. (South Side),
12 m., with branch from Allegheny to 39th St., Pittsburgh, Pa., 7 m.— total, 19 miles. Completed up to June 30
1901 : In Pittsburgh, Pa., 5 mile.-. Trackage : P. RR., 0.25 m.: P. & L. E. RR., 0.25 mile. Gauge, 4 ft. 8i in.
Rail (steel), 60 Ibs. Chartered Sept. 20, 1892 ; road opened in 1S95. Locomotives, 2. Cars (flat). 80.
Operations, year ending June 30, 1901 .—Earnings (miscellaneous), $13,514. Operating expense?, 814,485 ;
other deductions, $152— total, $14,637. Deficit, $1,123.
General Balance Sheet, June 30, 1901.— Current liabilities, $2,993 ; due owners for equipment and
operation, $18.724— total, $21,71". Contra : Cost of equipment, $13,629 ; cash and current assets, $3,160 ; profit
and loss, $4,928— total, $21,717. The issuing of stock is under consideration.
Directors.— David B. Oliver, Geo. T. Oliver, Henry W. Oliver, James B. Oliver, Chas. E. Black. Henry B.
Lupton, Pittsburgh, Pa. OFFICERS : DAVID B. OLIVER, Pres. ; James B. Oliver, Vice-Pres. <fe Treas. ; Henry
B. Lnpton, Sec. <t Aud.; D. S. Kamerer, Gen. Supt., Pittsburgh, Pa. GENERAL OFFICE, Corner South Tenth
and Muriel Streets, Pittsburgh, Pa.
ALLEGHENY JUNCTION RB,.— In Pittsburgh, Pa., connecting Allegheny Valley Ry. with Pitts-
burgh Junction RR., 1 mile. Gauge, 4 ft. 8i in. Chartered Oct. 19, 1898 ; road opened about Jan. 1, 1899. Com-
pany owns 1 locomotive.
Operations, year ending June 30, 1901.— Tons freight moved, 72, 466 ; ton-miles, 72,466. Earnings (freight),
$4,721. Operating expenses, $4,006 ; other deductions, $66— total, $4,072. Surplus. $649.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $5,000 ; current liabilities, $36;
profit and loss, $4,275— total, $9,311. Contra: Cost of road, $5,000: cash and current assets, $4,311— total,
$9,311.
Directors.— A. H. Keith, J. W. Anderson, V. L. Crabbe, W. P. Potter. J. W. Patterson, Pittsburgh, Pa.
OFFICERS : A. H. KEITH, Pre».-3. W. Anderson, Vice-Prts. <t Gen. Mgr. ; V. L. Crabbe, Sec. & Treas., Pitts-
burgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
ANNAPOLIS, WASHINGTON AND BALTIMORE RR.-Annapolis to Annapolis June.,
Md., 90.5 miles. Rail 'st«el), 56 Ibi. Gauge, 4ft. 8*in. Reorganisation, in April, 1886. of the Annapolis and
Elk Ridge RR. Co. iSee MAKTAL for 188S, page 9*.) Controlled by the Baltimore and Annapolis Short Lint
POOR'S MANUAL OF RAILROADS. 167
RR. Co., by ownership of practically all of th» capital «tock. Locomotlvw, 8. CATS— passenger, 3 ; baggage,
etc.. 3— total, 6.
Operations, year ending June 80, 1901.— Earnings (passenger. $44,172 : freight, $18,348 ; other, $3,566),
866,080. Operating expenses, $43.137. Net earnings, $23,949. Payments: Taxes, $2,797 ; dividends (4i p. c.),
$16.110 : other charges, $381— total, $19,188. Surplus, $3,761 ; surplus forward, $785— total, $4,546.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $35H,000 ; current liabilities, $2,773 ;
profit and loss, $4,548— total, $365,319. Contra : Cost of road and equipment, $358,000 ; cash and current assets,
$7,319— total, $305,319.
Directors.— Wm. W. Spence, John A. Hambleton, Alexander Brown, John Wilson Brown, Baltimore, Md. ;
J. Wii-t Randall, Annapolis, Md. OFFICERS : JOHN WILSON BROWN, Pres. & Gen. Mgr. ; W. G. Bowdoin, Sec. <&
Tri/i.--., Buliimore, Md. GENERAL OFFICE, Baltimore, Md.
BACHMAN VALLEY RR. OF MD.— Penn. State Line to Ebbvale, Md., 4 m. ; Ehbvale to Mines-
0.5 in. : total (iron ; 50 Ibs.), 4.18 mile*. Gauge, 4 ft. 8i in. Chartered April 7, 1870 ; road opened Jan. 1, 1873. This
road is a part of the Western Maryland RR. system, but is not operated or controlled by the Western Maryland
RK. C'o.
Operations, year ending June 30, 1901.— Earnings (freight. $1,069; other, $1,128), $2,197. Operating ex-
penses, $1,768. Net earnings, $429. Deductions, $47. Surplus for year, $382.
General Balance Sheet, June 30, 1898 (latest rendered).— Capital stock, $68,150; current liabilities,
$43,625— total, $111,775. Contra : Costof road, $68,150 ; cash assets, $120 ; profit and loss, $43,505- total, $111,775.
Directors.— Not, reported. OFFICERS : JEROME L. BOYER, Pres. & Gen. Mgr., Reading, Pa. ; E. G. Holder,
Sec. & Treas., Columbia, Pa. GENERAL OFFICE, Columbia, Pa.
BALTIMORE AND ANNAPOLIS SHORT LINE RR.-Cliffords to Annapolis, Md. .22 m.;
trackage (B. & O. KR.), Baltimore to Cliffords, Md., 4 m.— total operated, 26 miles. Gauge, 4 ft. 8J in. Rail
(steel), 00 Ibs. Reorganization of Annapolis and Baltimore Short Line RR. Co. (see MANUAL for 1894, page 68).
Locomotives, 5. Cars— passenger, 16 ; freight (box, 10 ; flat, 3 ; gondola, 33), 46— total, 62.
Operations, year ending June 30, 1901.— Earnings (passenger, $60,540; freight, $24,857 ; other, $7,625),
$93,022. Operating expenses, $58,871. Net earnings, $34,151 ; other receipts, $16,110— total, $50,261. Payments:
Interest on bonds, $16,700; taxes, $3.947; dividends (6 p. c.), $21,480; other charges, $2,857— total, $44,984.
Surplus, $5,277 ; surplus forward, $4,786— total, $10,063.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares'), $358,000 ; funded debt (1st gold
5s of Dec. 1, 1SI23. int. J. & D.), $.334,000; current liabilities, $14,624; investment account, $5,010; profit and
loss, $10,003— total. $i21. 697. Contra: Cost of road and equipment, $692,000; other investments, $5,010; cash,
$7,459 ; current assets, $17,228— total, $721,697.
ANNAPOLIS AND CHESAPEAKE RR.— Anna-
polis Station of B. & A. S. L. RR. to U. S. Naval
Academy, 1 mile. Road opened July, 1899. Operated
by the B. & A. S. L. RR. Co. under a traffic agree-
ment. Capital stock ($50 shares), $7,000. No bonds.
P. J. Carlin, Pres.; P. J. Talbot, Sec., Brooklyn,
N. Y.; John Wilson Brown, Treas., Baltimore, Md.
Office, Baltimore. Md.
Directors, B. & A. S. L. RR. Co. (elected Dec., 1901).— Wm. W. Spence, Alexander Brown, P. Hambleton,
John Wilson Brown, W. G. Bowdoin, Arthur George Brown, Austin McLanahan, Baltimore, Md. ; J. Wirt
Randall, Annapolis, Md. ; J. T. Busk, New York, N. Y. OFFICERS : JOHN WILSON BROWN, Pres. & Gen. Mgr. ;
W. G. Bowdoin, Treas. ; Austin McLanahan, Sec.; L. L. Buhrman, Aud., Baltimore, Md. ; Shellman B. Brown,
Supt., Annapolis, Md. GENERAL OFFICE, Baltimore, Md.
BALTIMORE AND SPARROW'S POINT RR.-Col2ate Creek to Sparrow's Point, Md., 4.7 m. ;
Sparrow's Point to Penmvood Park. 0.73m. — total, 5.43 m. ; total track (steel ; 70 Ibs.), 6.11 miles. Gauge, 4 ft.
8$ in. Chartered in Aug., 1887 ; built in 1889. Owns 1 locomotive. Passenger service conducted by the Northern
Central Ry. Co. Capital stock, $150,000.
Operations, year ending June 30, 1901.— Passengers carried, 1,503,395 ; carried one mile, 6,617,047. Tons
freight moved, 1,104.210. Earnings (passenger, $34,940 ; freight, $105,205), $140,145. Operating expenses, $70,447.
Net earnings, §(i9,698.
Directors.— Luther S. Bent, Eben F. Barker, Philadelphia, Pa. ; F. W. Wood, J. H. Taylor, J. R. Foard,
N. P. Bond, Baltimore, Md. OFFICERS : LUTHER S. BENT, Pres., Philadelphia, Pa. ; Rufus K. Wood, Sec. &
Treas., Sparrow's Point, Md. ; H. W. Kapp, Supt., Baltimore, Md. GENERAL OFFICE, Sparrow's Point, Md.
BARCLAY RR.— Towanda, Pa., to Foot of Plane, 14.02 m.; Long Valley June, to Chutes, 1.59 m.;
trackage, L. V. KR., Barclay June, to Washington Street, 0.04 m.— total operated, 15.65 miles. Sidings, 2.35
miles. Rail (steel), 70 Ibs. Gauge, 4 ft. 8£ in. Reorganization, Sept. 24, 1891, of the Barclay Coal Co. (See
MANUAL for 1893, page 70.) On March 7, 1902, the road was purchased by the Union Tanning Co. It is being
practically rebuilt by the new owners. Locomotives, 3. Cars— passenger, 3 ; freight (box, 1 ; flat, 10 ; coal, 10),
21 ; service, 2— total, 26.
Operations, year ending June 30, 1901. — Trains run (passenger, 18,750 ; mixed, 9,520 ; other, 5,777), 34,047
miles. Passengers carried, 20,118; carried one mile, 130,059. Tons freight moved, 62,290 ; ton miles, 686,225.
Earnings (passenger, $3,591 ; freight, $22,550; other, $611), $26.752. Operating expenses, $27,672. Deficit from
operation, $920; miscellaneous receipts, §10,894; net income, $9,974. Payments: Interest on bonds, $1,350;
taxes. $855; other charges, $661— total, $2,806. Surplus. $7,108 ; surplus forward, $114,397— total, $121,505.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $1.000.000 ; funded debt (1st 5s of
April 1. 1907, int. A. & O.; $100,000 auth.), $76,000; current liabilities, $234; profit and lose, $131,606— total,
$1,197,739. Contra : Cost of road and equipment, $480,103 ; securities owned, $184,000 ; other investments,
$109,678 ; lands owned, $373,000 : cash and current assets, $50,973— total, $1,197,739.
Directors (elected March 7, 1902).— C. B. Farr, M. F. Hammond, L. R. Horton, Williamsport, Pa.; A. S.
Buckley, Athens, Pa.; C. H. McCauley, Ridgway, Pa.; Geo. Wharton Pepper, Philadelphia, Pa. OFFICERS:
C. S. HORTON, Acting Pres.; C. B. Farr, Vice-Pres.; M. F. Hammond, Sec. & Treas., Williamsport, Pa.; E. D.
Ackley, Asst. Sec., Philadelphia, Pa.; O. A. Baldwin, Gen. Mgr., Towanda, Pa. GENERAL OFFICE, Williams-
port, Pa.
BARE ROCK RR.— Milford to Bare Rock, Pa., 2.5 miles. Rail (steel), 56 Ib8. Gauge, 4 ft. 8* in.
Chartered Nov. 12, 1892 ; road opened Oct. 10. 1892. Locomotive, 1. Cars— passenger, 1 ; coal, 7— total, 8.
Operations, year ending June 30, 1901.— Trains run, (mixed), 4.000 miles. Passengers carried, 12,816;
carried one mile, 64,086. Tons freight moved, 60,000 ; ton-miles, 150.000. Earnings (passenger, $1,922 ; freight,
$5,299). 87,221. Operating expenses, $7,682. Deficit, $461 ; surplus forward, $2,020; net surplus, $1,559.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($25,000 auth. ; $50 shares), $19,900;
current liabilities $4,953 ; profit and loss, $1,559- total, $26,412. Contra : Cost of road and equipment, $26,012;
cash and current assets, $400— total, $26.412.
Directors.— John Mnrdock, J. M. Mnrdock, W. F. Mnrdock, J. C. Dnncan, Johnstown. Pa. ; E. B. McColly,
Latrobe. Pa. ; John Fox, Somerset, Pa. OFFICERS : JOHN MURDOCK, Pres. ; W. F. Murdock, Sec. ; J. M. Mur-
dock, Treas.: J. M. Lawyer, Aud., Johnstown, Pa. GENERAL OFFICE, Johnstown, Pa.
BATH AND HAMMONDSPORT RR.— Bath to Hammondsport. N. Y., 10m. ; total track (steel ;
60 Ibs.), 11 milee. Gauge, 4 ft. 8i in. Organized Jan. 18, 1872 ; road opened June 30, 1875. (See MANUAL for 1891,
page 608.) Locomotives, 2. Cars— passenger, 2 ; combination, 2 ; freight (box, 3 ; coal, 1 ; flat, 1), 5— total, 9.
168 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
Operations, year ending June 30, 1901.— Trains run (passenger, 18,300 ; freight, 3,800 ; mixed, 6,280),
28,380 miles. Passengers carried, 39,023 ; carried one mile, 351,207. Tons freight moved, 23,242; ton-miles,
232, 420. Earnings (passenger, $9,902 ; freight, $20,419 ; other, $2,912), $39,233. Operating expenses. $19,565. Net
earnings, $19,668. Payments : Interest on bonds, $15,000 ; taxes, $1,520— total, $16,520. Surplus, $3,148 ; surplus
forward, $1,693— total, $4,841. Deduct for claims, etc., on business prior to June 30, 1900, $1,993. Surplus,
June 80, 1901 , $2,848.
General Balance Sheet, Juno 30, 1901.— Capital stock ($100 shares), $100,000; funded debt, $300,000;
current liabilities. $13,840; interest accrued, not due, $2,916; profit and loss, $2,848— total, $419,604. Contra :
Cost of road and equipment, $414,817; materials, etc., $733; cash and current assets, $4,054 — total, $419,604.
Funded Debt.— Funded debt outstanding on June 30, 1901, consisted of $100,000 1st 5s of June 1, 1919, int.
J. &. D. ; and $200,000 2d Bs of April 1, 1923, int. A. & O.
Directors.— Charles W. Drake, New York, N. Y. ; Monroe Wheeler, J. W. Davis, Chas. J. Drake, L. I).
Masson, Hammondsport, N. Y. ; W. H. Hallock, John F. Parkhnrst, Bath, N. Y. OFFICERS : CHARI.K- \V.
DRAKE, Pres., 29 Broadway, New York, N. Y.; John F. Parkhnrst, Vice-Pres., Bath, N. Y. ; Monroe Wheeler,
Sec., Hammondsport, N. Y.; W. H. Hallock, Treat., Bath, N. Y. ; Chas. J. Drake, Gen. Myr. & And., Ham-
mondsport, N. Y. GENERAL OFFICE, Hammondsport, N. Y.
BELLEFONTE CENTRAL RR.— Bellefonte, Pa., to Pine Grove Mills, 21.34m. ; Strnble to State
College, 1.16 m. ; Mattern June, to Scotia, 2.36 m. ; Graysdale to Mattern, 1.53 m. ; Coleville to Terminal, 0.21 in.—
total, 26.60 m. ; total track (steel ; 56 Ibs.), 30 miles. Gauge, 4ft. 9 in. Reorganization, Jan. IS, 1892, of the
Buffalo Run, Bellefonte and Bald Eagle RR. Co. Locomotives, 3. Cars— passenger, 3 : combination, 6 : freight
(flat, 4 ; ore, 21), 25— total, 34.
Operations, year ending June 30, 1901.— Trains run (mixed), 66,176 miles. Passengers carried, 29,817 ;
carried one mile, 410,048. Tons freight moved, 179,135; ton-miles, 1,002,549. Earnings (passenger, $9,614; freight,
$30,074; other, $2,785), $42,473. Operating expenses, $32,035. Net earnings, $10,438. Payments: Interest on
bonds, $1,850 ; other interest, $4,233 ; taxes, $1,000 ; other charges, $743— total, $7.826. Surplus, $2,612.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $500,000; funded debt (1st 5s of
Jan. 1,1924, int. J. &J.; $200,000 auth.), $37,000; current liabilities, $73,226— total, $610,226. Contra: Cost
of road and equipment, $593,272 : stocks and bonds of this company, $4,595 ; materials, etc., $4,471 ; cash and
current assets, $4,096 ; profit and loss, $3,792— total, $610,226.
Directors.— Francis F. Milne, R. Dale Benson, Byerly Hart, Theodore M. Etting, Walter Lippincott,
Chas. S. Whelen, Philadelphia. Pa. OFFICERS : ROBERT FRAZER, Pres. ; Theodore M. Etting, Vice-Pres. ; Thos.
R. Osbourn, Sec. & Treas., Philadelphia, Pa. GENERAL OFFICE, 209 South Third Street, Philadelphia, Pa.
BERLIN BRANCH RR.— Berlin Junction to East Berlin, Pa., 7 miles. Rail (iron), 56 Ibs. Gauge,
4 ft. 6} in. Incorp. March 26, 1876 ; road opened in May, 1877. Equipment and working crews supplied by the
Western Maryland RR. Co., which operates the road under contract at 30 cents (reduced from 40 cents) per mile
run. Owns 1 locomotive and 1 service car.
Operations, year ending June 30, 1901.— Passengers carried, 11,917. Tons freight moved, 9,739. Earnings
(passenger, $2,047 : freight, $4,138 : other, $119), $6,304. Operating expenses, $5,877. Net earnings, $427 ; other
receipts, $34— total, $461. Deductions, $3,022. Deficit, $2,561.
General Balance Sheet, June 30, 1901.— Capital stock ($75,000 auth.; $50 shares), $43,195- funded
debt, $47,847 ; current liabilities, $41,722— total, $132,764. Contra : Cost of road, $77,326 ; cash and current
assets, $357 ; profit and loss, $55,081— total, $132,764.
Funded Debt.— Funded debt outstanding on June 30, 1901, consisted of $25,000 1st 6s of July 15, 1896,
int. A. & O. ; $17,000 2d 6s of 1900, int. J. & J. ; and $5,847 other funded debt of which no details are reported.
Directors.— Daniel Eberly, R. N. Meisenhelder, Hanover, Pa. ; Joseph Wolf, F. K. Hafer, W. W. Hafer,
Abbotstown, Pa. ; Michael Rebert, Jacob Resser, Amos Jacobs, W. G. Leas, East Berlin, Pa. OFFICERS : R. N.
MEISENHELDER, Pres., Hanover, Pa.; Amos G. Jacobs, Treas.; Michael Rebert, Sec., East Berlin, Pa.; F. K.
Hafer, Gen. Mgr., Abbotstown, Pa. GENERAL OFFICES, Hanover and East Berlin, Pa.
BLOOMSBURG AND SULLIVAN RR.— Bloomsburg to Jamison City, Pa., 30 m ; total track
(steel ; 56 Ibs.), 36.20 miles. Gauge, 4ft. 8i in. Chartered Dec. 27, 1888 ; road opened as above Sept., 1888. Re-
organized without foreclosure in 1898. (See MANUAL for 1898, page 63.) Locomotives, 4. Cars— passenger, 6 ;
baggage, etc., 2 ; freight, 1 ; tool, 1— total, 10.
Operations, year ending June 30, 1901.— Passengers carried, 41,340; carried one mile, 1,240,200. Tons
freight moved, 73,287 ; ton-miles, 2,198,610. Earnings (passenger, $18,026 ; freight, $49,336), $67,362. Operating
expenses, $34,178. Net earnings, $33,184 ; other receipts, $673— total, $33,857. Total deductions, $25,244. Sur-
plus, $8,613.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $600,000; funded debt, $591,800;
current liabilities, $12,838 ; special fund, $10,000 ; profit and loss, $13,560— total, $1,228,198. Contra : Cost of
road, $1,199,000 ; cash and current assets, $29,198— total, $1,228,198.
Funded Debt.— Funded debt outstanding on June 30, 1901, consisted of $400,000 1st 5s of June 1. 1928,
int. J. & J.; and $200,000 2nd 5s of June 1, 1928, int. when earned.
Directors (elected Jan. 7, 1902).— J. M. Shaw, Lightstreet, Pa.; Samuel Wigfall, J. K. Lootz, L. E. Waller,
Bloomsbnrg, Pa.; Morton McMichael, E. W. Clark, Jr., A. W. Kelsey, Evans R. Dick, Philadelphia, Pa. ; H.
J. Conner, Orangeville, Pa. OFFICERS : MORTON MCMICHAEL, Pres., Philadelphia, Pa.; Samuel Wigfall, Vice-
Pres. & Treas., Bloomsburg, Pa. ; H. J. Conner, Sec., Orangeville, Pa. GENERAL OFFICE, Bloomsburg, Pa.
BRADFORD AND WESTERN PENNSYLVANIA RR. Lewis Run, Pa., to Dent Hill, Pa.,
4.77m.; sundry spurs, 3.41 m.— total, 8. 18 miles. Gauges, 3 ft. and 4 ft. 8i in. Organized July 27, 1891: road
completed as above in 1896. Locomotives, 2. Cars— passenger, 1 ; freight, 49— total, 50.
Operations, year ending June 30, 1901.— Trains run (freight, 2,573 ; other, 1,285), 3.858 miles. Tons freight
moved, 14,443 ; ton-miles, 55,725. Earnings (freight), $5,187. Operating expenses, $4,653 ; taxes, $87— total,
$4,740. Surplus, $447; surplus forward, $760— total, $1,207. Deductions during the year, $596. Surplus, June
30, 1901, $611.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($70,000 auth. ; $100 shares), $36,000;
current liabilities, $400 ; profit and loss, $611— total, $37,011. Contra: Cost of road and equipment, $37,003 ;
cash $8— total, $37,011.
Directors (elected Jan. 13, 1902).— Samuel P. Kennedy, Wm. C. Kennedy, Thos. B. Clark, H. E. Schonblom,
Thos. H. Kennedy, D. L. Mallory, Jr., Bradford, Pa. OFFICERS : SAMUEL P. KENNEDY, Pres. ; Thos. H.
Kennedy, Vice-Pres. f Wm. C. Kennedy, Treas. ; D. L. Mallory, Jr., Sec., Bradford, Pa. GENERAL OFFICE,
Bradford, Pa.
BRADFORD, BORDELL AND KINZUA RY.-Bradford to Smethport, Pa., 26.11 miles.
Leased : Big Level and Kinzua RR. (see below), 10.48 m. ; Pitts. & West. Ry., Mt. Jewett to Kane, Pa., 11.49
miles. Total lines operated, 48.08 miles. Sidings (owned, 4.90 m.; leased, 0.71 m.), 5.61 miles. Gauge, 3 ft.
Rail (steel — owned, 26.11 m.; leased, 21.97 m.),30 and 40 Ibs. Reorganization of a company of the same name,
sold under foreclosure in 1892. (See MANUAL for 1897, page 56.) On Nov. 1, 1901, this company took a lease of
the narrow gauge division of the Pittsburgh and Western Ry. (see GENERAL INDEX), for the term of one year,
POOR'S MANUAL OF RAILROADS. 169
at a rental of 48^ p. C. of its gross earnings. Locomotives, 7. Cars— passenger, 7 ; baggage, etc., 4 ; freight (box,
10 ; flat, 47 ; hoist trucks, 70 ; coal, 17), 144 ; service, 6— total, 161.
Operations, year ending June 30, 1901.— Trains run (passenger, 125,397 ; freight, 28,745 ; mixed, 4,298 ;
other, 7,970), 106,410 miles. Passengers carried, 104,196; carried one mile, 2,292,312. Tons freight moved, 44,259;
ton miles, 1,017,957. Earnings (passenger, $50,246; freight, $32,993; other $5,150), $88,389. Operating expenses,
S75.0W. Net earnings, $13,341 ; other receipts, $322— total, $13,663. Payments: Interest on bonds, $9,960 ; taxes,
$1,108 ; rentals, |13,169— total, $24,397. Deficit, $10,634 ; surplus forward, $19,480 ; net surplus, $8,846.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($300,000 auth. ; $50 shares), $249,000 ;
funded debt (1st gold 4s of 1942, int. A. & O.; $300,000 auth.), $249,000; current liabilities, $11,427; interest
accrued, $2,490 ; profit and loss, $8,846— total, $520,763. Contra : Cost of road and equipment, $498,000 ; other
assets, $22,763— total, $520,763.
BIG LEVEL AND KINZUA RE.— Mount Jewett $150,000; funded debt (Income 6s of May 1, 1916,
to Orinsliy Jniu-t., Pa., 10.48 m. ; total track (steel; int. May 1), $50,000: current liabilities, $3,141 —
40 His.), 12.2 miles. Gauge, 3 ft. Chartered Aug. 27. total, $203,141. Contra: Cost of road, $200,481;
1881; road opened Dec., 1886. Leased for 20 p. c. of stocks owned, $410; cash and current assets, $2,241;
gross e;i rnings, the lease being terminable on 30 profit and loss, $9 — total, $203,141. Thomas L.
days' notice. Rental, year ending June 30, 1901, Kane, Pres.; C. C. Davis, Sec., Kane, Pa.; E. O.
$2,494; expenses, $2,933; deficit, $439. Balance Aldrlch, Treas., Johnsonburg, Pa. Office, Kane, Pa.
Sheet, June 30, 1901. — Capital stock ($50 shares),
Directors (B., B. & K. Ry.).— J. J. Carter, Titusville, Pa. ; Geo. L. Roberts, Pittsburgh, Pa. ; J. B. Mc-
George, H. K. Pomroy, Chas. Dana, J. R. Cowing, New York, N. Y. ; D. H. Jack, Bradford, Pa. OFFICERS :
GEO. L. ROBERTS, Pres., Pittsburgh, Pa. ; H. K. Pomroy, Vice-Pres. ; J. B. McGeorge, Sec., 6 Wall St., New
York, N. Y. ; A. B. Campbell, Treas. & Aud., Bradford, Pa. GENERAL OFFICE, Bradford, Pa.
BROOKFIELD RY.— Coal and Clay Banks to a connection with the Lake Shore and Michigan Southern
Ry. and Erie RR., O., 4 miles. Gauge, 3 ft. 2 in. Rail (steel), 80 Ibs. Road built in 1899. Locomotives, 2. Cars
—freight (box, 44 ; flat, 8), 52.
Directors.— James V. Rose, W. G. Rose, Reese Jerman, John Davis, Sharon, Pa. ; T. H. Gilmer, Warren,
O. OFFICERS : JAMES V. ROSE, Pres., Sharon, Pa.; T. H. Gilmer, Vice-Pres., Warren, O. ; W. G. Rose, Sec. <&
Treas.; Joseph Bailey, Supt., Sharon, Pa. GENERAL, OFFICE, Sharon, Pa.
BROOKLYN AND ROCKAWAY BEACH RR.— East New York to Canarsie Pier.N. Y., 5.54
miles. Rail (steel), 56 Ibs. Gauge, 4 ft. 8£ in. Chartered Dec. 4, 1863; road opened in Oct., 1865. Locomotives,
2. Cars —passenger, 8; freight (flat), 1— total, 9. Also 2 steam ferryboats.
Operations year ending June 30, 1901.— Trains run (passenger), 12,200 miles. Passengers carried, 68,380;
carried one mile, 218,816. Earnings (passenger, $9,057; other, $656), $9,713; other receipts, $3,922— total, $13,635.
Operating expenses, $13,772; interest on bonds, $19,200; other interest, $5,134; taxes, $3,222— total, $41,328.
Deficit for year, $27,693; deficit forward, $64,155; uncollectible accounts written off, $4,064— total. $95,912.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $150,000 ; funded debt (consol. gold
6s of April 28, 1931. int. M. & N. ; $$50,000 auth.), $320,000 ; real estate, $38,268 ; current liabilities, $94,013 ;
interest accrued, $68,512; taxes accrued, $21,618 ; unpaid dividends, $9,000 ; suspense account, $17,882— total,
$717,293. Contra: Cost of road and equipment, $528,186; real estate, $82,037 : materials, etc., $100; suspense
account, $4,018; cash and current assets, $7,040; profit and loss, $95,912— total, $717,293.
Directors. — Felix Campbell, Seth L. Keeney, James Jourdan, Hugh McLaughlin, John McCarty, Thos E.
Pearsall, Henry E. Hutchinson. Daniel F. Lewis, Brooklyn, N. Y. ; Wm. A. Boland, Yonkers, N. Y. OFFICERS:
H. E. HUTCHINSON, Pres. ; Daniel F. Lewis, Vice-Pres. ; Henry J. Robinson, Sec. & Treas., New York, N. Y.
GENERAL OFFICE, 52 Pine St., New York, N. Y.
BROOKVILLE RY.— Brookville to Days' Lot, Pa., 13 m. ; total track (steel ; 60 Ibs.), 13.3 miles.
Gauge, 4 ft. 9 in. Organized June 10, 1896; road opened Dec. 10, 1896. About 10 miles of private road are operated
in connection with this line. Locomotives, 3. Cars— passenger, 1; baggage, etc., 1; other, 32— total, 34.
Operations, year ending June 30, 1901.— Trains run (mixed), 15.000 miles. Passengers carried, 1,421; carried
one mile, 15,631. Tons freight moved, 19,562 ; ton-miles, 215,682. Earnings (passenger, $200 ; freight, $3,613),
$3,813. Operating expenses, $3,813.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($130,000 auth. ; $50 shares), $71,450 ;
current liabilities, $43— total, $71,493. Contra: Cost of road, $71,493.
Directors (elected April 2. 1901).— A. W. Cook, N. E. Graham, Brookville, Pa. ; F. M. Ashmead, E. P. Bates,
Theodore F. Brown, W. K. McElroy, S. B. Rumsey, Pittsburgh, Pa. OFFICERS: A. W. COOK, Pres., Brookville,
Pa.; Thos. R. Robinson, Sec., Pittsburgh, Pa. ; N. E. Graham, Treas.; F. L. Haines, Aud., Brookville, Pa.
GENERAL OFFICE, Brookville, Pa.
BROWNSTONE AND MIDDLETOWN RR.-Brownstone to Waltonville, Pa., 2.5 m. ; total
track (steel ; 56 Ibs.), 4.33 miles. Gauge, 4 ft. 8J in. Chartered and road opened Feb. 8, 1892. Locomotives, 4.
Cars— passenger, 3; freight (flat), 6; other, 28— total, 87.
Operations, year ending June 30, 1901.— Passengers carried, 20,507; carried one mile, 41,014. Tons freight
moved, 49,021 ; ton-miles, 87,131. Earnings (passenger, $641 ; freight, $4,740 ; other, $2,876), $8,257. Operating
•expenses, $8,370; paid taxes, $168— total, $8,538. Deficit, $281; surplus forward, $2,393; net surplus, $2,112.
General Balance Sheet, June 30, 1901.— Capital stock ($25 shares), $25,000 ; current liabilities, $969;
profit and loss, $2,112— total, $28,081. Contra: Cost of road and equipment, $27,550; cash and current assets,
$531— total, $28,081.
Directors (elected Jan. 27, 1902).— R. J. Walton, Waltonville, Pa.; C. S. Walton, J. J. Nissley, Hummelstown,
Pa.; W. J. Walton, H. O. Deshong, Morris Ebert, Philadelphia, Pa. OFFICERS: ALLEN K. WALTON, Pres. cf
Treas., Waltonville, Pa. ; Charles M. Hartrick, Sec. & Aud. ; Robert J. Walton, Gen. Supt., Waltonville, Pa.
GENERAL OFFICE, Waltonville, Pa.
BUFFALO, ATTICA AND ARCADE RR.— Attica to Arcade June., N. Y., 28 m.; total track
(steel; 60 Ibs.), 30.25 miles. Gauge, 4 ft. 8i in. Successor Oct. 15, 1894, to the Attica and Freedom RR. Co. (See
MANUAL for 1899, page 216.) Construction in progress (Nov., 1901) on extension of seven miles south from Arcade,
N. Y., to a connection with the B., R. & P. Ry., at Fish Lake, N. Y. Equipment chiefly supplied by the Erie RR.
Co., but the company owns 3 locomotives, 3 passenger cars, and 1 box and 13 flat freight cars.
Operations, year ending June 30, 1901.— Trains run (passenger, 18,309 ; mixed, 17,841), 36,150 miles.
Passengers carried, 20,923 ; carried one mile, 237,416. Tons freight moved, 31,620 ; ton-miles, 342,492. Earnings
(passenger, $6,713 ; freight, $17,764 ; other. $2,753), $27,230. Operating expenses, $18,690. Net earnings, $8,540;
other receipts, $307— total, $8,847. Payments : Interest on debt, $3,220 ; taxes, $895— total, $4,115. Surplus,
$4,732; surplus forward, $2.401— total, $7,133.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $330,000; current liabilities,
$76.444; profit and loss, $7,133— total, $413,577. Contra : Cost of road and equipment, $411,124 ; cash on hand,
$2,453— total, $413,577.
Directors.— Spencer S. Bullis, Olean, N. Y.; Clinton V. Merrick, W. W. Bell, C. P. Collins, Bradford, Pa.;
G. A. Barnes, S. T. Lyke, C. E. Davis, J. H. Smith, Arcade, N. Y.; O. P. Stockwall, Attica, N. Y. OFFICERS :
170 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
8 8 BULLIS, Pm., Arcade, N. Y.; W. W. Bell", Vice-Pres., Sec. & Treat., Bradford, Pa.; 8. T. Lyke, Supt.;
R. 8. Bullis, Aud., Arcade, N. Y. GENERAL OFFICE, Arcade, N. Y.
BUFFALO CHEEK BB.— William St. to Peck Slip, Buffalo, N. Y., 4.18 m.; Oil Refinery, 0.83 m.;
Lake Erie, 0.81 m.— total, 5.82 m.; total track (steel, 12.35 m.), 16.87 miles. Rail, 58 and 80 Ibu. Gauge, 4 ft. 8i
lu Chartered Jan. 25, 1869 ; road opened in June, 1870. Leased Dec. 31, 1889, for the term of its charter, less
one day, to the Erie RR. Co. and the Lehigh Valley RR. Co.
Income Account, year ending June 30, 1901.— Rental, $51.679. Payments: Interest on bonds, $33,679 ;
General expenses, $3,276 ; dividends (7 p. C.), |17,500 -total, $54,455. Deficit, $2,776 ; surplus forward, §63 ; net
eficit, $-2,713.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $250,000 ; funded debt, $624,000 ;
dividends unpaid, §8,750 ; bills payable, $35,000— total, $917,750. Contra : Cost of road, $825,353 ; equipment,
$70,037; cash, $13,648; profit and loss, $2,712— total, $917,750.
Funded Debt.— Funded debt outstanding on June 30, 1901, consisted of $250,000 1st 6s of Jan. 1, 1907,
int. J. & J.; and $374,000 2d consol. gold 5s of Jan. 1, 1941, int. J. & J.
Directors.— Charles Steele, E. B. Thomas, John C. McCullough, Geo. M. Gumming, Alfred Walter, Wm.
H. Sayre, New York, N. Y.; Wilson S. Bissell, Buffalo, N. Y. OFFICERS: CHARLES STEELE, Pres.; Wm. H.
Sayre, Sec. & Treat., New York, N. Y. GENERAL OFFICE, 26 Cortlandt Street, New York, N. Y.
BUFFALO CREEK TRANSFER, BB.— In Buffalo, N. Y., 1.10m.; total track (steel, 1.10 m.), 1.80
miles. Rail, 60 Ibs. Gauge, 4 ft. 8i in. Chartered July 23. 1881. Stock all owned by Frank Williams & Co.;
road leased to that firm for operating expenses, and used exclusively for the firm's business. Locomotives, 2.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($50,000 auth.; $100 shares), $5,000 ; real
estate mortgage, $45.200 : sundries, $200— total, $50,400. Contra : Cost of road and equipment, $50,000 ; sinking
fund, $353; cash on hand, $47— total, $50,400.
Directors (elected June, 1901).— Horace A. Noble, John R. Williams, Robert H.Williams, C. C. McDonald,
F. P. Williams, J. W. Noble, Buffalo, N. Y. OFFICERS : HORACE A. NOBLE, Pres. ; John R. Williams, Treat.;
Arthur H. Williams, Sec. ; Chas. C. McDonald, Aud. ; R. H. Williams. Gen. Supt., Buffalo, N. Y. GENERAL
OFFICE, Buffalo, N. Y.
CAMMAL AND BLACK FOBEST BB.— Cammal to County Line, Pa., 21.40 m.; Pump Station
to Tombs Switch, 4.20 m.; Summit Switch to Baldwin Run, 2.50 m.— total, 28.10 miles. Gauge, 4 ft. 8| in. Rail
(steel), 60, 65. and 68 Ibs. Chartered March 14, 1894 ; main line opened July 1, 1895; Tombs branch in Nov., 1896;
branch to Baldwin Run, in 1898. Locomotives, 2. Cars— passenger, 3; freight, 39— total, 42.
Operations, year ending June 30, 1901.— Passengers carried, 981 ; carried one mile, 27,566. Tons freight
moved, 56,570 ; ton-miles, 1,589,617. Earnings (passenger, $240 ; freight, $32,086), $32,326. Operating expenses,
$21,693. Net earnings, $10,633. Deductions, 8495. Surplus, $10,138.
General Balance Sheet, June 30. 1901.— Capital stock paid in ($150,000 auth.; S100 shares), $75,000;
current liabilities, $3,114; profit and loss, $76,610— total, $154,724. Contra: Cost of road and equipment, $142,028;
materials, etc., $8,000; cash and current assets, $4,696— total, $154,724.
Directors.— R. M. McCullough, Joseph Wood, J. S. Childs, W. R. Peoples, Jersey Shore, Pa.; H. S. Childa,
W. C. Wood, Cammal, Pa. OFFICERS : R. M. MCCULLOUGH, Pres.; Joseph Wood, Sec. & Treas., Jersey Shore,
Pa.; C. B. McCullough, Asst. Gen. Mgr., Cainmal, Pa. GENERAL OFFICE, Cammal, Pa.
CATSKILL AND TANNEBSVILLE BY.— Otis Summit to Tannersville, N. Y., 5.50 m. ; total
track (steel ; 40 Ibs.), 5.79 mile*. Gauge, 3 ft. Chartered Sept. 14, 1892 ; road opened July 8, 1893 ; extension
from Kaaterskill to Tannersville, 4.57 miles, in 1899. Operated by the Kaaterskill RR. Co. until Sept. 30, 1898 ;
since then by its owners. The Catskill Mountain Ry. Co. pays to the Catskill and Tannersville Ry. Co. $4,800 as
concession. Locomotives, 3. Cars — passenger, 1; combination, 1; freight (flat), 1— total, 3.
Operations, year ending June 30, 1901.— Trains run (passenger, 7,678; freight, 854), 8,532 miles. Passengers
carried. 28,452; carried one mile, 115,237. Tons freight moved, 454 ; ton-miles, 2,351. Earnings (passenger. $3,299;
freight, $457), $3,756. Operating expenses, $7,600. Deficit, $3,844; receipts from C. M. Ry. Co., §4,800; net income,
$956. Payments : Interest on debt, $2,409; taxes, $319 ; dividends, $1,500— total, $4,228. Deficit, $3,271; surplus
forward, $r61; net deficit, $2,510.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $80,000 ; subscription to bonds not
issued, $36.000; bills payable, $6,600; current liabilities, $2,805; interest accrued, not due, $796; dividends unpaid,
$750— total, $126,951. Contra: Cost of road and equipment, $121,752; materials, etc., $100; cash and current assets,
$2,589; profit and loss, $2,510— total, $126,951.
Directors (elected Nov. 19, 1901).— C. L. Rickerson, Brooklyn, N. Y. ; W. H. White, Jr., E. E. Olcott,
New York, N. Y.; W. D. Baldwin, Yonkers, N. Y. ; Isaac Pruyn, James Stead, Orrin Day, Chas. A. Beach,
Catskill, N. Y. OFFICERS: C. L. RICKERSON, Pi-es., Brooklyn, N. Y. ; W. D. Baldwin, Vice-Pres., Yonkers,
N. Y.; Chas. A. Beach, Sec. & Treas.; John L. Driscoll, Supt., Catskill, N. Y. GENERAL OFFICE, Catskill, N. Y.
CATSKILL MOUNTAIN BY.— Catskill to Palenville, N.Y., 15.75 m. ; Cairo RR. (leased: see below),
8.77 m.— total, 19.52 m.; sidings (owned, 1.31 m.; leased, 0.55 m.), 1.86 miles. Rail (steel), 40 Ibs. Gauge, 3 feet.
Chartered, July 2, 1885, as successor to the Catskill Mountain RR. Co. (See MANUAL for 1887.) Locomotives
(owned. 3 ; leased, 1), 4. Cars— passenger, 12 ; baggage, etc., 4 ; freight (box, 3 ; flat, 5 ; coal, 5), 13 ; caboose,
1— total, 30.
Operations, year ending June 30, 1901.— Trains run (passenger, 27,138 ; freight, 20,896), 48,034 miles.
Passengers carried, 51,414; carried one mile, 683,320. Tons freight moved, 85,507; ton-miles, 1,252.660. Earnings
(passenger, $36,683; freight, $19,199; other, $354), $56,236. Operating expenses, $38,785. Net earnings, $17.451;
other receipts, $190— total, $17,641. Payments: Interest on bonds, $4,H50; taxe.s, $1,577; rentals, $2,944; Catskill
and Tannersville Ry. Co., under contract, $4,800— total, $13,971. Surplus, $3,670; surplus forward, §54,258— total,
$57,928.
General Balance Sheet, June 30; 1901.— Capital stock ($100 shares), $89,000 ; funded debt. $303,600 ;
current liabilities, $11,056; interest accrued, $3,192; rents accrued, $1.744; profit and loss, $57,928— total, §466,520.
Contra : Cost of road and equipment, $450,528 ; materials, etc., $3,200 ; cash assets, $12,792— total, ^4i;ti,.vjn.
Funded Debt.— Funded debt, June 30, 1901, consisted of $50,000 1st 5s of Aug. 1,1905, int. F. & A.; S'-233,000
1st income 6s of Aug. 1, 1915, int. F. & A.; and $15,600 ($16,000 auth.) 2d income 6s of Aug. 2, 1915, int. F. & A.
CAIRO RR.— Cairo to Cairo June., N. Y., 3.77
m.; total track (steel; 40 Ibs.), 4.32 miles. Gauge,
3 ft. Chartered April 10, 1884; opened July 1, 1885.
Leased to the Catskill Mountain Ry. Co. Rental,
1900-1901. $2,944. Payments: Interest on bonds, $1,-
BOO; dividends (6 p. c.). $1.464; expenses. $68 —
total, $3,032. Deficit. $88; surplus forward, $528;
($25.000 auth.; $100 shares), $24,500; funded debt
(1st 6s of May 1. 1905, int. M. & N.), $25,000; In-
terest accrued. $250; sundries, $37; profit and loss.
$440 — total, $50,227. Contra: Cost of property, $48.-
783; other assets, $1,444 — total, $50.227. Lewis
Wolfe, Pres., Athens, N. Y.; Win. J. Hughes. Sec. &
Treas., Catskill, N. Y. Corporate Oflice, Catskill.
N. Y.
net surplus, $440. The company owns 1 locomotive.
General Balance Sheet, June 30, 1901. — Capital stock
Directors, C. M. Ry. Co. (elected Jun« 18, 1901).— E. E. Olcott, New York, N. Y. ; J. D. Hasbrouck
Ridgewood. N. J.; C. L. Rickeraon, Brooklyn, N. Y.; C. L. Beach. Orrin Day. Isaac Pruyn, John H. Bagley, G.
H. Bwob, ObM. B«««h, W. I. Jstmlugs, C. A. B«*ch, Catsklll, N. T.; (one vacancy). OFFICKBS : Presidency,
POOR'S MANUAL OF RAILROADS. 171
vacant ; C. L. Beech, Wee-Pres.; Orrin Day, Treat.; C. A. Beach, Sec. & Gm. Supt., OatekiU, N. T. GSVBRAL
OFFICE, Catskill, N. T.
CENTRAL PENNSYLVANIA AND WESTERN RR.— Watson town to Orangeville, Pa., 81
m.; total track (sieel; 61 Ibs.), about 38 miles'. Gauge, 4 ft. 8i in. Consolidation, March 1, 1893, of the Wilkes-
barre and Western Ry. Co., Turbotville and Williainsport RR. Co., and Oran;;eville and Lehigh RR. Co. The
road was sold under foreclosure on March 10, 1902, but up to June 1, 1902, no plan of reorganization had been
agreed upon. Locomotives, 2. Cars— baggage, etc., 1.
Operations, year ending June 30, 1901.— Trains run (mixed), 39,500 miles. Passengers carried, 17,297.
Tons freight moved, 27,550; ton-miles, 619,286. Earnings (passenger, $7,793; freight, $16,090; other, $119),
$24,002. Operating expenses, $28,056; other deductions, $31,575— total, $59,631. Deficit, $35,629.
General Balance Sheet, June 30, 1901.— Capital stock ($50 chares), $5,620,650; funded debt (1st gold 5s
of 1943, int. M. & N.), $620,000; current liabilities, $293,641— total, $6,534,291. Contra: Cost of road, $6,240,650;
materials, etc., $1,203; cash and current assets, $641; profit and loss, $291,787— total, $6,534.291.
Directors (elected Jan. 10, 1901).— .James Kerr, Clearfield, Pa.; Morns Liveright, Philadelphia, Pa.; R. T.
McCabe, Benjamin S. Hermon, Stephen Peabody, New York, N. Y.; Eugene R. Payne, Williamsport, Pa.; N. N.
Betts, Towanda, Pa. OFFICERS : RUDOLPH T. MCCABE, Preg., New York, N. Y.; Eugene R. Payne, Vice-Pres.,
Williamsport, Pa.; James B. Bach, Treas.; Win. R. Heath, Sec., New York, N. Y. GENERAL OFFICE, Watson-
town, Pa. New York Office, 29 Broadway.
CENTRAL RR. CO. OF PENNSYLVANIA.— Bellefonte to Mill Hall, Pa., 27.3 m.; branches,
5.3 m.— total, 32.6 miles. Gauge, 4 ft. 8} in. Rail (steel). 70 Ibs. Organized Sept. 11, 1891; completed as above
during the fiscal year 1900. Projected from Lamar to White Deer, 35 miles. Locomotives, 3. Cars— passenger,
6; freight, 9: other, 2— total, 17.
Operations, year ending June 30, 1901.— Trains run (passenger, 55,870 ; freight, 87,960), 93,830 miles.
Passengers carried, 60,195; carried one mile, 765,550. Tons freight moved, 227,234; ton-miles, 4,169,181. Earnings
(passenger, $15,759; freight, $51,102; other, $1,711), $68,572. Operating expenses, $48,382. Net earnings, $20,190.
Total deductions, $54,384. Deficit. $34,194.
Q-eneral Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $1,200,000; funded debt (1st 6s of
May 1, 1943, int. M. & N.), $600,000; current liabilities, $445,793; real estate mortgages, $2,500; accrued interest,
$6,000— total, $2,254,293. Contra: Cost of road and equipment, $1,001,634 ; lands owned, $11,000 ; advanced to
Construction Co., $786,414 ; materials, etc., $3,000 ; cash and current assets, $62,700 ; profit and loss, $335,545—
total, $2,254,293.
Directors.— Chas. M. Clement, Robert Valentine, Bellefonte, Pa.; Chas. W. Wilhelm, Reading, Pa.; Wm.
J. McHugli. Edward L. Welsh, Wm. McLaughlin, Alfred M. Gray, Philadelphia, Pa. OFFICERS : CHAS. M.
CLEMENT, Pres., Bellefonte, Pa.; Charles W. Wilhelm, Vice-Pres., Reading, Pa.; Wm. J. McHugh, Treas. & Sec.,
Philadelphia, Pa.; M. L. Altenderfer, Aud., Bellefonte, Pa. GENERAL OFFICE, 304 Walnut Street, Philadelphia,
Pa.
CHATEATJGAY RR.— Dannemora to Lyon Mountain, N. Y., 18.01 m.; leased lines— Chateaugay Ry.,
38.89m.; Saranac and Lake Placid RR., 9.93m.; Pittsburgh and Dannemora RR., Pittsburgh to Dannemora,
N. Y., 15.92 m.— total, 82.75 m.; total track (steel ; 46 to 65 Ibs.), 94.20 miles. Gauge, 3 ft. Chartered May 30,
1879. Road from Plattsburgh to Dannemora, built by the State, opened July 1, 1879 ; from Dannemora to Lyon
Mountain, built by company, opened March 1, 1880. The State road is operated at a rental of $1 per annum, the
company to haul supplies to the State prison free of charge. For information respecting the other leased lines,
gee appended statements therefor. Locomotives, 16. Cars— passenger, 18 ; baggage, etc., 4 ; freight (box, 38 ;
stock, 2; flat, 138; coal, 15), 193; other, 246— total, 461. Of which leased— 2 locomotives, 3 passenger, and 6 box
cars.
Operations, year ending June 30, 1901.— Trains run (passenger, 77,536 ; freight, 156,119 ; mixed, 47,243),
280,898 miles. Passengers carried, 62,691 ; carried one mile, 1,488,957. Tons freight moved, 395,297 ; ton-miles,
7,613,332. Earnings (passenger, $56,218; freight, $197,715; other, $10,206), $264,139. Operating expenses, $241,793.
Net earnings, $22,346; other receipts, $356— total, $22,702. Payments: Taxes, $3,141; rentals, $23,619— total,
$26,760. Deficit, $4,058.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $75,000; current liabilities, $56,450;
inventory of road and equipment above capital stock, $416,421— total, $547,871. Contra : Cost of road and equip-
ment, $491,421; other investments, $5,365 ; materials, etc., $27,798 ; current accounts, $19,229 ; profit and loss,
$4,058— total, $547,871.
CHATEAUGAY RY.— Lyon Mountain to Saranac
Lake, N. Y., 38.89 miles. Gauge, 3 ft. Rail (steel),
46 to 65 Ibs. Chartered April 2,1886; opened through-
out, Dec. 5, 1888. Leased to the Chateaugay RR.
Co.; rental, Interest on bonds. Capital stock ($100
shares), $168,000; funded debt (1st 6s of Aug. 1,
1907, Int. F. & A.), $200,000— total, representing
cost, $368,000. Bonds are guaranteed, principal and
Interest, by the Delaware and Hudson Co. Smith M.
Weed, Pres.; Geo. S. Weed, Sec., Plattsburgh, N. Y.
Talbot Olyphant, Treas., New York, N. Y. Office,
Plattsburgh, N. Y.
SARANAC AND LAKE PLACID RR.— Saranac
to Lake Placid, N. Y., 0.93 m. ; total track (steel;
60 Ibs.). 10.83 miles. Gauges, 4 ft. 81 In. and 3 ft.
Chartered July 12, 1890; road opened Aug. 1, 1893.
Leased to the Chateaugay RR. Co. and Chateaugay
Ore and Iron Co., jointly for 17 years from Jan. 1,
1897, at an annual rental of 35 p. c. of the gross
receipts of the road, and one-half of the net profit of
the transfer business at Lake Placid, N. Y.; with a
minimum guarantee of $7,200 per annum, being In-
terest, at 5 p. c. on $120,000 1st mtge. bonds and
$24,000 2d mtge. bonds. Locomotives, 2. Cars— pas-
senger, 2: baggage, etc., 1 — total. 3. Income, year
ending June 30, 1901.— Rental, $8.492. Payments:
Interest on bonds, $7,200; other Interest, $12 — total,
$7.212. Surplus, $1,280; deficit forward, $3,110; net
deficit. $1,829. Balance Sheet, June 30, 1901.— Capi-
tal stock ($100 shares), $250,000; funded debt, $144.-
000; loans and bills, $4,500 — total, $398,500. Contra:
Cost of road, etc., $357.372; securities of other com-
panies, $24,500; cash and accounts, $14.799; profit
and loss, $1,829 — total, $398,500. Funded debt on
June 30, 1901. consisted of $120,00f> 1st gold 5s of
May 1, 1913, Int. M. & N. ; and $24.000 2d gold 5s
of Nov. 1, 1913, int. M. & N. R. W. Spelr, Pres.;
E. D. Shepard, Vlce-Pres. ; L. L. Barnum, Sec. &
Treas. Office, 31 Nassau St., New York, N. Y.
Directors (C. RR. Co.).— Smith M. Weed, J. N. Stower, F. E. Smith, Plattsburgh, N. Y. OFFICERS :
SMITH M. WEED, Pres.; Frank E. Smith, Vice-Pres.; Talbot Olyphant, Treas.; Geo. S. Weed, Sec.; J. N. Stower,
Gen. Mgr.; W. W. Conaughty. Gen. Supt., Plattsburgh, N. Y. GENERAL OFFICE, Plattsburgh, N. Y.
CHESAPEAKE BEACH RY.— Chesapeake June., D. C., to Chesapeake Beach, Md., 80 m.; trackage
(B. & O. RR.), Hyattsville to Chesapeake June., 4.2 m.— total operated, 34.2 miles. Sidings, etc., 5 miles. Gauge,
4 ft. 81 in. Rail (steel), 56 to 85 Ibs. Chartered March 7, 1896, ai cnccessor to the Washington and Chesapeake
Beach Ry. Co.. whose franchises and partly completed roadbed were sold under foreclosure on Dec. 10, 1895. The
road was built by the present company, being completed in 1899. Rolling Stock, June 30, 1901.— Locomotives, 5.
Cars— passenger, 28 ; baggage, etc., 4 ; other, 16— total, 48. Of this equipment, 3 locomotives, 28 passenger cars,
and 4 baggage cars are held under equipment trusts.
Operations, year ending June 80, 1901. -Earning* (pomoger, $40,4S5 ; fttlght, $11^06 ; otlwr, $3,802),
$54,092. Operating Mpenaes, $80,025. Uaflcit, $25,033.
Financial Statement, Dec. 31, 1899 (uttest rendered).— Capital stock authorized and issued ($100
172 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
shares), $1,000,000 ; funded debt (1st gold 5s of Jan. 1, 1923, int. J. &. J.), $1,000,000 ; other liabilities (deferred
payments on rolling stock and machinery), $120,000— total, $2,120,000. Contra : Cost of road and equipment,
' "Directors.— Otto Mears, Fred. W. Moffat, Washington, D. C.; Chas. Popper, Chesapeake Beach, Mri.; A.
H. Lewis, Washington, D. C.; David H. Moffat, Denver, Col. OFFICERS : OTTO MEAHS, Pres.; Chas. Popper,
]"ice-Pres., Chesapeake Beach, Md.; Fred. W. Moffat, Sec. & Treas., Washington, D. C. GENERAL OFFICE, 1420
New York A ve., Washington, D. C.
CHESTNUT RIDGE BY.— Knnkletown to Lehigh Gap, Pa., 10.5 m. ; total track, 10.84 miles. Gauge,
4 ft. 8i in. Rail (steel), 58 ana 62 IDS. Organized March 13, 1898, as Chestnut Ridge RR. Co. of Pennsylvania.
Road opened in January, 1900. Sold under foreclosure Dec. 30, 1901, and reorganized under the present title.
Locomotive, 2. Cars, passenger, 2 ; freight (box, 4 ; flat, 6), 10— total, 12.
Financial Statement, Jan. 1, 1902.— Capital slock ($50 shares), $110,000 ; funded debt (1st 6s of March
1, 1905. int. M. & 8.), $40,000— total, representing cost of property, $150,000.
Directors (elected Dec. 30, 1901).— A. Mitchell Palmer, Norman B. Dreher, W. B. Easton, Stroudsburg,
Pa. ; James G. Beemer, George A. Helme, Henry H. Cook, E 8. Sutro, New York, N. Y. OFFICERS : A.
MITCHBM. PALMER, Pres., Stroudsbnrg, Pa. ; James G. Beemer, Vice-Pres. ; George H. L. Morton, Sec. <t
Treas., New York, N. Y. GENERAL OFFICE, 121 W. 42d Street, New York, N. Y.
CLEARFIELD SOUTHERN RR.— Projected : Porters to Irvona, Pa., 25 m.; branches, 6 m.
—total, 31 miles. Completed up to June 30, 1901 : Porters to Hoovers Mill, Pa., 14.6m.; total track (steel ; 6? IDS.),
15.6 miles. Gauge, 4 ft. 8i in. Chartered July 6, 1898 ; road opened in 1899. Between Porters and Faunee, 7
miles, the road is operated regularly; trains are run between Faunee and Hoovers Mill only on special orders.
Owns 1 locomotive and 1 combination car.
Operations, year ending June 30, 1901. — Trains run (mixed), 14,580 miles. Passengers carried, 3,581 ; car-
ried one mile, 21,251. Tons freight moved, 52,672 ; ton-miles, 339,824. Earnings (passenger, $956 ; freight,
$11,452), $12,408. Operating expenses, $6,290. Net earnings, $6,118. Deductions, $4,800. Surplus, $1,318.
G-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $168,000 ; funded debt (1st 5s of
March 1, 1930, int. M. & S.), $168,000 ; current liabilities, $5,300 ; profit and loss, $2,188— total, £343,488. Contra :
Cost of road and equipment, $336.000 ; cash and current assets, $7,488— total, $343,488.
Directors.— James Kerr, H. B. Powell, Clearfleld, Pa.; H. H. Brady, Clarence D. Simpson, Scranton, Pa.;
Benjamin S. Harmon, Albert B. Kerr, New York, N. Y.; A. E. Patton, Cnnvensville, Pa. OFFICERS: JAMES
KERR, Pres., Clearfield, Pa.; Clarence D. Simpson, Vice-Pres., Scranton, Pa. ; A. E. Patton, Treas., Curwens-
ville, Pa.; G. C. Shults, Supt., Clearfield, Pa. GENERAL OFFICE, Clearfield, Pa.
CONNECTING TERMINAL RR.— In Buffalo, N. Y., 1 mile. Rail (steel), 60 Ibs. Gauge, 4 ft.
8J in. Chartered June 7, 1881 ; road opened in 1883. Built to supply terminal facilities for through lines of railway.
Operations, year ending June 30, 1901.— Tons freight moved, 727,319; ton-miles, 727,319. Earnings (freight),
$157,820. Operating expenses, $107,595. Net earnings, $50,225. Payments : Interest on bonds, $25.000 ; taxes,
$10,225— total, $35,225. Surplus, $15,000 ; surplus forward, §13,540— total, §28,540. Deductions during the year,
$29,964. Deficit, $1,424.
G-eneral Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $20,000; funded debt, (1st 5s of
May 1, 1903, int. M. & N.), $500,000 ; loans, bills payable, etc., $220,127— total, $740,127. Contra : Cost of road
and: equipment, $505,938 ; cash, $2,788 ; other accounts, $229,977 ; profit and loss. $1,424— total. $740,127.
Directors (elected May 21, 1901).— James C. Evans, Chicago. 111. ; Edwin T. Evans. Buffalo, N. Y.; Frank
Hoffman, Geo. B. Bonnell, John E. Payne, Frank J. Firth, Wm. H. Barnes, Frank Staley, P. R. Perkins, S. F.
Houston, John P. Green, John A. Miller, S. M. Prevost, Philadelphia, Pa. OFFICERS : FRANK J. FIRTH, Pres.,
Philadelphia, Pa.; Edwin T. Evans, Vi-ce-Pres., Buffalo, N. Y.; Frank Staley, Sec.; P. R. Perkins, Treas.,
Philadelphia, Pa. GENERAL OFFICE, 26 South Fifteenth St., Philadelphia, Pa.
COOPERSTOWN AND CHARLOTTE VALLEY RR.-Charlotte Crossing to Davenport Cen-
ter, N. Y., 5.U8 m. ; C. & S. Vy. RR. (leased, see below), 19.48 m.— total, 24.56 m. ; total track (steel; 56 Ibs.),
28.57 miles. Gauge, 4 ft. 8J in. Consolidation, April 13, 1891, of the C. & C. Vy. and the West Davenport RR.
Cos. (See MANUAL for 1891.) Equipment (leased) : Locomotives, 3. Cars— passenger, 3 ; baggage, etc., 1 ; com-
bination, 1 ; freight (box), 6 ; other, 19-total, 30.
Operations, year ending June 30, 1901.— Trains run (passenger, 42,722 : freight, 18,378), 61,100 miles. Pas-
sengers carried, 87,166 ; carried one mile, 747,773. Tons freight moved, 42,488 ; ton-miles, 571,753. Earnings (pas-
senger, $24,121 ; freight, $32,383 ; other, $3,240), $59,744. Operating expenses, $40.324. Net earnings, §19,4:0.
Payments : Interest on debt, $59 ; taxes, 81,839 ; rentals, $10,030 ; other charges, $2,700— total, $14,028. Surplus,
$4,792 ; deficit forward, $3,689 ; net surplus, $1,103.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), §15,000 ; current liabilities, §2,186 ;
due C. & S. V. RR. Co., payable Jan 1, 1990, $25,145 ; profit and loss, $1,103— total, $73,434. Contra : Cost of
road and equipment, $70,145 ; ca:?h and current assets, $3,289— total, $73,434.
COOPERSTOWN AND SUSQTJEHANNA VAL-
LEY RR. — Cooperstown to Charlotte Crossing, N. Y.,
19.48 m. ; total track (steel; 56 Ibs.), 22.79 miles.
Locomotives, 3. Cars, 30. Chartered Feb. 25, 1865;
road opened to Cooperstown, July 14, 1869; extended
to Charlotte Crossing in 1889. Leased for 99 years,
from Jan. 1, 1889, to the C. & C. Vy. RR. Co., which
guarantees Interest on bonds. General Balance Sheet,
June 30. 1901. — Capital stock ($100 shares), $307,400;
funded debt (1st 5s of May 1, 1918, Int. M. & N.),
$199,600; interest due and accrued, $20; profit and
loss, $123 — total, $507,143. Contra: Cost of prop-
erty, $481,998; other assets, $25,145— total, $507,143.
Officers: George Brooks, Pres.; Albert Lane, Vice-
Pres.; S. J. W. Reynolds, Sec. & Treas. Corporate
Office, Cooperstown, N. Y.
Directors, C. & C. V. RR. Co. (elected Dec. 25, 1900).— D. E. Siver, J. K. Leaning, J. W. Lamb, G. M.
Jarvis, H. L. Cooke, M. C. Bundy, E. S. Bundy, Geo. Brooks, J. W. Tucker, W. P. K. Fuller, Russell Warren,
F. E. Whitbeck, Cooperstown, N. Y. :R. J. Orr, West Davenport, N. Y. OFFICERS : D. E. SIVER, Pres. A
Treas. ; J. K. Leaning, Vice-Pres. ; F. E. Whitbeck, Sec. & And. ; George Brooks, St/pt., Cooperstown, N. Y.
GENERAL OFFICE, Cooperatown, N. Y.
CORNWALL RR. — Lebanon to Mount Hope, Pa., 12.67m. ; 2d track, 3 m. ; sidings, 12.71 m.— total track
(steel, 21.39 m.), 28.38 miles. Rail, 60 and 70 Ibs. Gauge, 4 ft. 8} in. Chartered May 25, 1850 ; road opened Jan.,
1854. (See MAN UAL for 1893.) Locomotives, 5. Cars— passenger, 9 ; freight (flat), 27 -total cars. 36.
Operations, year ending June 30, 1901.— Trains run (passenger, 34,828 ; freight, 17,754), 52,582 miles. Pas-
sengers carried, 110,789 ; carried one mile, 758,260. Tons freight moved, 640,037 ; ton-mile.-', 3,210,828. Earnings
(passenger, $16,086 ; freight, $82,562 ; other, $6,148), $104,796. Operating expenses, $55,574. Net earnings,
$49,222 ; other receipts, $1,650— total, $50,872. Payments : Taxes, $3,544 ; dividends (8 p. c.), $32,000— total,
$35,544. Surplus. $15,328 ; surplus forward, $570.300— total, $585,628.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $400.000; profit and loss, $585,628—
total, $985,628. Contra : Cost of road and equipment, $872,397 ; lands owned, $45.020 ; other investments, $1,341 ;
stocks and bonds of other companies, $44,625 ; cash and current $22,245— total, $985,628.
POOR'S MANUAL OF RAILROADS. 173
Directors (elected Jan. 13, 1902).— B. H. Buckingham, R. Percy Alden, Isabel C. Freeman, E. C. Freeman,
Cornwall, Pa. ; A. M. Patch, Lebanon, Pa. OFFICERS : B. H. BUCKINGHAM, Pres. ; R. Percy Alden, Vice-Pres. ;
E. C. Freeman, Sec. <& Gen. Mgr., Cornwall, Pa. ; A. M. Patch, Treas. <& Supt., Lebanon, Pa. GENERAL
OFFICE, Lebanon, Pa.
CORNWALL AND LEBANON RR.— Conewago to Lebanon, Pa., 21. 66m.; Cornwall to Ore Banks,
1.17 in. ; Lebanon to North Lebanon, 0.34 m. ; Lebanon to East Lebanon, 1.72 m.— total, 24.89 m.; 2d track,
15.36 m.— total track (steel ; 60 to 85 Ibs.), 50.07 miles. Gauge, 4 ft. 8} in. Consol., June 1, 1886, of the C. & L.
and the Colebrook Vy.KR. Cos. Locomotives, 11. Cars— passenger, 16 ; baggage, etc., 1 ; freight (flat, 15 ; coal,
500,). 515; service, 8— total, 540.
Operations, year ending June 30, 1901.— Trains run (passenger, 65,704 ; freight, 87,817 ; other, 103,433),
256,954 miles. Passengers carried, 183,761 ; carried one mile, 2,003, 774. Tons freight moved, 1,202,454 ; ton-miles,
17,78-3,412. Burnings (passenger, $34,544 ; freight, $230,789 ; other, $14,543), $279,876. Operating expenses, $156,-
894. Net earnings, $122,982. Payments: Interest, on bonds, $38,320; taxes, $9,493 ; dividends (54 p. c.), $44,000
-total, 891,813. Surplus, $31,169; surplus forward, $196,348— total, $227,517. Add net value of 500 coal cars
transferred from C. & L. car trust to C. &L. Kit. Co., $113,245 ; deduct depreciation on equipment written off,
$63,125 : n"t additions during the year, $50,120. Total surplus, June 30, 1901, $277,637.
General Balance -Sheet, June 30, 1901.— Capital stock ($50 shares), $800,000; funded debt $766,408;
current liabilities, $6,459 ; interest accrued, not due, $9,580 ; profit and loss, $277,637 —total, $1,860,076. Contra :
Coct of road and equipment, $1,734,7(53 ; materials?, etc., $1,197 ; cash assets, $124,116— total, $1,860,076.
Funded Debt.— Funded debt, June 30, 1901, consisted of $764.900 ($800.000 auth.) 1st 5s of April 1, 1921,
int. A. & O. ; and $1,500 ($60,000 auth.) 1st Lebanon Belt5s of July 1, 1914, int. J. & J.
Directors (elected Jan. 13, 1902). — B. Dawson Coleman, Edward R. Coleman. Abram Hess, J. P. S. Gobin,
Lebanon, Pa. ; Walter Scranton, New York, N. Y.; Archibald Rogers, Hyde Park. N. Y.; Philip S. Zieber, Read-
ing, Pa. ; Herbert B. Cox, B. H. Buckingham, Cornwall, Pa. OFFICERS: ALLEN!). SMITH, Pres. & Gen. Supt.,
Lebanon, Pa. ; Archibald Rogers, Vice-Prea., Hyde Park, N. Y. ; Edward R. Coleman, Sec.; Henry W. Siegrist,
Treas., Lebanon, Pa. GENERAL OFFICE, Lebanon, Pa.
COTJDERSPORT AND PORT ALLEG-ANY RR.-Port Allegany to Ulysses, Pa., 40 m. ; Coud-
ersport to Sweden Valley, Pa. ,5m. — total, 45 in.; total track (steel ; 60 and 651bs.), 53 miles. Gauge, 4 ft. Sjin.
Consolidation, Jan. 1, 1896, of the (first) C. & P. A. RR. Co. with the Coudersport and Pine Creek RR. Co.
Locomotives, 3. Cars— passenger, 4 ; baggage, 1 ; freight (box, 4 ; flat, 51), 55 ; plow, 1 — total, 61.
Operations, year ending June 30, 1901.— Trains run (passenger, 50,400 ; freight, 25,200), 75,600 miles. Pas-
sengers carried, 52,583 ; carried one mile, 841,328. Tons freight moved, 169,520 ; ton-miles, 4,090,517. Earnings
(passenger, $24,7)4; freight, $83,632; other, $4,938), $113,284. Operating expenses, $69,299. Net earnings, $43,985.
Payments: Interest on oonds, $12,250; taxes, $3.830; dividends $24,650— total, $40,730. Surplus, $3,255.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $300,000; funded debt (1st 5s of
June 15, 1916, int. 15 J. & J.), $245,000 ; profit and loss, $24.428— total, $569,428. Contra; Cost of road and
equipment, $550,157 ; cash and current assets, $19,271— total, $569,428.
Directors.— C. S. Carey, F. N. Blakeslee, Olean, N. Y. ; B. D. Hamlin, H. Hamlin, Smethport, Pa. ; A. G.
Olmsted, B. A. McClure, H. J. Olmsted, R. L. Nichols, Coudersport, Pa. OFFICERS : JAMES L. KNOX, Pres.,
Coudersport, Pa. ; C. S. Carey, Vice-Pres., Olean, N. Y. ; M. S. Thompson, Treas. ; A. B. Mann, Sec. ; B. A. Mc-
Clure, Gen. Supt., Coudersport, Pa. GENERAL OFFICE, Coudersport, Pa.
DANSVILLE AND MOUNT MORRIS RR.— Dansville to Mount Morris, N. Y., and branches
(incl. 3 m. leased), 15.28 m —total track (steel : 60 and 65 Ibs.), 17.03 miles. Gauge, 4 ft. 84 in. Chartered Oct. 21,
1891, as successor to the Erie and Genesee Valley RR. Co. Default was made on interest due May 1, 1894, and a
receiver appointed in June, 1894. Locomotives, 2. Steam motor car, 1.
Operations, year ending June 30, 1901.— Trains run (mixed), 19,730 miles. Passengers carried, 27,499;
carried one mile, 280,127 Tons freight moved, 23,762 ; ton-miles, 317,913. Earnings (passenger, $8,449 ; freight,
$11,303; other, $729), $20,481. Operating expenses, $15,442. Surplus, $5,039.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $50.000; funded debt (1st 5s of
Nov. 1, 1931, int. M. & N.), $150,000 ; loans and bills payable, $35,465 ; receiver's certificates, $8.584 ; other liabili-
ties, $12— total, $244,061. Contra: Cost of road and equipment, $206,791 ; suspense account, $528 ; cash on hand,
$2,190; profit and loss, ?34,552— total, $244,061.
Directors. — Ambrose S. Murray. Jr.. Geo. Freifeld, E. P. Roberts, New York, N. Y. ; Palmer Campbell,
Hoboken, N. J. ; C. E. Tolhurst, Rutherford, N. J. ; F. M. Ferine, A. O. Bunnell, Dansville, N. Y. ; Robert H.
England, Rochester, N. Y. ; Bird W. Spencer, Passaic, N. J. OFFICERS : AMBROSE S. MURRAY, Jr., Eeceiiier
& Sec., 22 William St., New York, N. Y.; Robt. H. England, Gen. Mgr., Rochester, N. Y. ; Geo. E. Dunklee,
Si/pi., Dansville, N. Y. GENERAL OFFICE, 22 William St., New York, N. Y.
DELAWARE VALLEY RR.— Projected : Saylorsburg, Pa., to Port Jervis, N. Y., 52 miles. Com-
pleted up to July, 1901 : Stroudsburg to Bushkill, Pa., 13 miles. Gauge, 4 ft. 8i in. Organized Oct. 26, 1899, and
succeeded to the rights, etc., of the Delaware Valley Ry. Co. and of the Delaware Valley, Hudson and Lehigh RR.
Co. Road opened as above in July, 1901. Capital stock authorized ($50 shares), $1,000,000. Estimated cost of
road to completion, $2,000,000.
Directors.— F. W. Coolbaugh, T. A. H. Hay, Wm. Knebler, Frank Ashton, James Overstock, Easton,
Pa.; Harvey Huffman, Stroudsburg, Pa.; Charles Shuman, Baih, Pa.; Thomas Masters, Joshua Bray, East
Bangor, Pa.; E. F. Peters, Bushkill, Pa.; A. O. Allen, Portland, Pa. OFFICERS : F. W. COOLBAUGH, Pres.; T.
A. H. Hay, Vice-Pres., Easton, Pa.; Wm. Bray, Treas., Bangor, Pa.; Harvey Huffman, Sec.; J. H. Shull, Counsel,
Stroudsburg, Pa.
EAST BROAD TOP RR. AND CO AL.— Mount Union toWoodvale, Pa., 31. 10m. ; Shade Gap RR.
(leased ; see below), 11.16 m. ; Booher Branch (operated), Jordan June, to Booher Mine, 2.36 m.— total operated
44.62miles. Sidings (leased, 1.38 m.), 8.81 miles. Gauge, 3 ft. Rail (steel), 40, 45, 60, and 70 Ibs. Chartered April
16, 1856; road opened Oct. 15, 1874. Locomotives, 7. Cars— passenger, 13 ; freight (box, 19 ; stock, 5; flat 46-
coal, 205), 275 ; other, 35— total cars, 323.
other receipts, $817— total, $13,678. Payments : Interest on bonds, $20,000 ; taxes, $941 ; rentals, $909; other
charges, $2,544— total, $24.394. Deficit, $10,716; deficit forward, $247,305— total, $258,021.
General Balance Sheet, June 30, 1901.— Capital stock paid in (common, $568,400 ; preferred, $246,750 •
preferred stock scrip, $439), $815,589 • funded debt $542,400; current liabilities, $341,023— total, $1,699,013.
Contra : Cost of road and equipment, $1.132,557 ; securities owned, $91,585 ; materials, etc., $2,766 • cash and
current assets, $214,084 ; profit and loss, $268,021— total, $1,699,013.
Capital Stock.— Capital stock authorized is $1,000,000 in $50 shares. Preferred stock is entitled to non-
cumulative dividends up to 6 p. c. before common can participate. Stock may be voted after sixty days' owner-
ship.
174 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Funded Debt. -Funded debt outstanding on June 80, 1901, consisted of $800,000 1st 4s of July 1, 1908.
int. J. & J . ; and 842,400 ($50,000 auth.) 6 p. c. equipment note, int. M. & N.
SHADE GAP HE.— Rockhlll to Nancy, Pa.,
11.16 in.; total track (steel; 40 Ilis.i. 11. is miles.
Gauge, 3 ft. Road opened in 1885 and leased to
East Broad Top RR. Capital stock, $92,600; funded
debt (1st 6s, Int. A. & O.), $92,500— total, $185.100.
Interest payable at company's office. E. R. Wood,
I'res. ; C. R. Wood, Sec. & Treas. Office, 400 Chest-
nut St., Philadelphia, Pa.
Directors, E. B. T. RR. & Coal Co. (elected Jan. 13. 1902).— Wm. A. Ingham (chairman), Edward Roberts,
Jr., Edward R. Wood. Geo. Theo. Roberts, Herbert M. Howe. William Longstreth, Walter Wood, Philadelphia,
Pa. ; John Markle, Jeddo, Pa. : J. M. Driesbach, Mauch Chunk, Pa. OFFICERS : WALTER Wool), Pres. ; Edward
Roberts, Jr., Vice-Pres. ; J. E. Haverstick, Sec. & Treas.; Edward Roberts, 3d, And., Philadelphia, Pa. ; A.
W. Greenwood, Supt., Rockhill Furnace, Pa. GENERAL OFFICE, 320 Walnut St., Philadelphia, Pa.
EDDYSTONE AND DELAWARE RIVER RR.— Eddystone Mfg. Co. to main line of P., W
& B. RR., 1.5 miles. Gauge, 4 ft. 8} in. Rail (steel), CO and 90 Ibs. Chartered June 12, 1899: road opened in
Dec., 18sJ9. Extensions of about 10 miles are projected. Locomotive, 1; freight vflat* car, 1.
Operations, year ending June 30, 1901.— Earnings (freight, $11,655. Operating expenses, $2,980. Net
earnings, $8,675. Paid dividends, $2,000 ; other deductions, $5,217— total. $7,217. Surplus, $1,458.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($50,000 auth.; $50 shares). $32,500 ; cur-
rent liabilities, $25 ; profit and loss, $3,502— total, $36,027. Contra: Cost of road, $25,928 ; equipment, $5,189;
other investments, $501 ; cash and current assets, $4,40!>— total, $36,027.
Directors (elected Nov. 26, 1901).— Lincoln Godfrey, Henry S. Godfrey. A. C. Pancoast, Philadelphia,
Pa.; W. P. Simpson, Overlook, Pa. ; John U. Fraley, New York, N. Y. OFFICERS : LINCOLN GODFREY, 1'rtx.
W. P. Simpson, Vice-Pres. cfe Treas.: Henry S. Godfrey, Sec.; W. P. Anthony, Gen. Mar., Philadelphia, Pa'
GENERAL OFFICE, 128 Chestnut Street, Philadelphia, Pa.
ELK AND HIGHLAND RR.— Coon Run to Middletown, Pa., 10.81 m.; Switchback to Kane and
Elk June., 0.50 m.: P. & W. RR. at Nansen, 0.50 m.; Maple Run to Roger's Mill, 1.91 m.; Maple Run to Pigeon
Run, 1.54m.— total, 15.26m.; total track, 17.22 miles. Gauge, 3ft. Rail, 30 Ibs. Chartered April 4, 1808, and
first section of road opened in the same month. Locomotives, 3. Cars— combination, 1 ; freight (flat, 44 : box,
2), 46-total, 47.
Operations, year ending June 30, 1901.— Trains run (freight), 14,555 miles. Tons freight moved, 64.389 ;
ton-miles, 355,424. Earnings (freight), $24,493. Operating expenses, $22.010. Net earnings, $2,483. Deduc-
tions, $225. Surplus, $2,258.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($102,000 auth.; $50 shares), $51,000:
funded debt (particulars not furnished), $7,000 ; accrued interest, $70 ; current liabilities, $17,327 ; profit and
loss, $16,913— total, $92,310. Contra : Cost of road and equipment,$65,808 ; cash and current assets, $26,502— total,
$92,310.
Directors.— D. H. Miller, J. B. Wright, A. P. Huey, C. H. Kemp, T. R. Hoskins, Kane, Pa. ; J. W.
Miller, B. E. Miller, Nansen, Pa. ; J. H. Molt, Warren, Pa. OFFICERS : D. H. MILLER, Pres. ; J. B. Wright,
Treas. ; J. W. Miller, Sec. & Aucl.; B. E. Miller, Gen. Supt., Nansen, Pa. GENERAL OFFICE, Kane, Pa.
EMMITTSBURG RR.— Emmittsburg to Rocky Ridge, Md., 7.3 m.; total track (steel; 50 Ibs.), 8 miles.
Gauge, 4ft. 84 in. Reorganization, April 14, 1M98, of a company of the same name, who^e property was sold under
foreclosure in Sept., 1897, and bid in by a syndicate of bondholders. Locomotive, 1. Cars— passenger, 1; combi-
nation, 1 ; freight (box), 1. Capital stock, $50,000. No bonded debt. On Jan. 10, 1901, there were $700 in the
treasurer's hands, and about an equal amount due from other roads. No dividends have been paid, the earnings
having been expended on improvements.
Directors.— William A. Himes, New Oxford, Pa.; William L. O'Hara, Mt. St. Mary's, Md. ; Bernard J.
Jenkins, Vincent Sebold, Jesse H. Nnssear, John B. Brawner, Emmittsburg, Md. OFFICERS : WILLIAM A.
HIMES, Pres., New Oxford, Pa.; William L. O'Hara, Vice-Pres., Mt. St. Mary's. Md.; Vincent Sebold, Treas. <*
Counsel ; John B. Brawner, Sec., Emmittsburg, Md. GENERAL OFFICE, Eminittsburg, Md.
EMPORIUM AND RICH VALLEY RR.— Emporium to Elk Forks, Pa., 8 m.; branches and spurs,
5.5 m.— total, 13.5 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8^ in. Chartered Feb. 16, 1891 ; main line opened
July 1, 1892 ; Lewis Run Branch, in July, 1898. Locomotive, 1. Cars- passenger. 1 ; flat, 16 ; log, 40— total, 57.
Operatipns, year ending June 30, 1901.— Trains run (mixed), 10,422 miles. Passengers carried, 1.155;
carried one mile, 6,836. Tons freight moved, 58,895 ; ton-miles, 795,082. Earnings (passenger, $2% ; freight,
$22,957), $23,253. Operating expenses. $18,302. Net earnings, $4,951. Payments : Interest on debt, §172 ; taxes,
$425— total, $597. Surplus, $4,354 ; surplus forward, $34,135— total, $3S.4S9.
General Balance Sheet, June 0, 1901.— Capital stock paid in ($100,000 auth. ; $100 shares), $85,000;
current liabilities, $5,389 ; profit and loss, $38,489— total, $128,878. Contra : Cost of road and equipment, $127,-
309 ; cash and current assets, $1,569— total, $128,878.
Directors (elected Jan. 14, 1902).— Henry Auchu, Joseph Kaye, George A. Walker, Josiah Howard, B. W.
Green, Mrs. Josiah Howard, J. D. Logan, Emporium, Pa. OFFICERS : HENRY Arcur, Pres. ; Geo. A. Walker,
ViCf-Pres. ; A. D. Macdonald, Treas. ; J. W. Kaye, Sec. ; Josiah Howard, And., Emporium, Pa. GENERAL
OFFICE, Emporium, Pa.
ETNA AND MONTROSE RR.— Pine Creek to Etna, Pa., 2 miles. Gauge, 4 ft. 8} in. Rail (steel),
00 Ibs. Organized May 6, 1896 ; road opened same year. Locomotives, 3. Cars— freight (flat), 33.
Operations, year ending June 30, 1901.— Tons freight moved, 482,838. Earnings (freight), $62,560. Oper-
ating expenses, $39,949. Net earnings, $22.611. Payments: taxes, §891 ; rentals, $10,100— total, $10,991. Sur-
plus, $11.620 ; surplus forward, $11,887 ; net surplus, $28.507.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $60,000; profit and loss, $23,507—
total, $83,507. Contra: Cost of road and equipment, $00,000; materials, etc., $1,148 ; cash and current assets
$22,359— total, $83,507.
Directors.— Geo. A. Chalfant, Etna, Pa. ; J. H. Reed, Geo. E. McCague, D. M. Clemson, W. W. Black-
burn, G. W. Kepler, Wm. J. Post, Pittsburgh, Pa.; D. G. Kerr, Homestead, Pa. OFFICERS : GEO. A. CHALFANT,
Pres., Etna, Pa.; J. H. Reed, Vice-Pres.; G. W. Kepler, Treas.; Wm. J. Post, Sec. & Aud.; Geo. E. McCague,
Traf. Mgr., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
FONDA, JOHNSTOWN AND GLOVERSVILLE RR.— Fonda to Northville, N. Y., 26.17
m. ; leased lines (Gloversvilie and Broadalbin RR., 6.2 m,; Cayadutta Electric RR., 14. 5 in.; Johnstown, Glovers-
ville and Kingsboro' Horse RR., 4.23 m.), 24.93 m.— total operated, 51.10 miles. Sidings (owned, 6.22 m. ; leased,
0.4 m.), 5.62 miles. Gauge, 4 ft. 8J in. Rail (steel— owned, 26.17 m. ; leased, 24.93 m.), 70 Ibs. Consol.,
Jan. 82, 1881, of the F., J. & G. and the Gloversville and Northville RR. Cos. (see MAJJUAL for 1891, page
213). The Johnstown, Gloversville and Kingsboro' Horse (electric) and the Cayadutta Electric RRs. are leased
to this company, the former for 999 years from Jan. 1, 1894, and the latter for 099 years from May 1, 1894. They
are known as the "Electric Division" of this railroad. Their earnings and expenses are included herein.
The lessee assumes the $50,000 0 p. c. bonds and pays 8 p. C. on the capital stock of the Johnstown, Gloversville
and Kingsboro' Horse RR. Co., and guarantees the principal and interest of the $350,000 Cayadntta Electric RR.
POOR'S MANUAL OF RAILROADS. 176
Co. 6 p. c. bonds, paying to the lessor its net earnings after payment of guaranteed interest charges. The com-
pany owns practically all of the capital stock and §200,000 1st consol. mtgc. refunding bonds of the C. E. RR. Co.,
and owns the entire capital stock, $105,000, of the Coal Co. of Fulton County. The company also owns a
majority of the capital stock of the Amsterdam Street RR. Co., but that road is operated by its own organization.
Locomotives, 9. Cars— passenger (26 leased), 40 ; baggage, etc. (1 leased), 4 ; freight (flat), 10 ; caboose, 1 ; ser-
vice (2 leased), 5— total, 60.
Operations, year ending June 30, 1901.— Trains rim (passenger, 336,816 ; freight, 23,824 ; other, 7,200),
367.840 miles. Passengers carried, 1,229,900 ; carried one mile, 9,841,720. Tons freight moved, 207,898 ; tun-miles,
1,986,423. Earnings (passenger, $162,459 : freight, $170,329 ; other, $12,139), $344,927. Operating expenses, $248,-
545. Net earnings, $96,382 ; other receipts, $r>8r907— total, $155,349. Payments : Interest on bonds, $48.622 ; other
interest, $7,075 ; taxes, $13,864 ; rentals (C. E. RR., $26,88?; J. G. & K. H. RR., $7,100 ; G. & B. RR., $1,500),
$35,487 ; dividends (8 p. c.), $48,000— total, $153,048. Surplus, $2,301 ; surplus forward, $253,924— total, $256,225.-
Deduct : Expenses 4 p. c. bond issue, $2,20'J ; loss on passenger cars sold, $300 ; loss on caboose burned, $230—
total, $2,739. Surplus, June 30, 1901, $253,486.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $600,000 ; funded debt, $1,100,000 ;
loans and bills payable, $340,000 ; interest and rentals accrued, $9,592 ; audited vouchers and payrolls, $76,145 ;
open accounts, $30,150 ; profit and loss, $253,486— total, $2,409,373. Contra : Cost of road and equipment, $1,021,-
7,6; real estate, 8130,911 ; securities owned, $904,571; new construction, $9,835 ; special equipment, $44,105;
cash and cash assets, $298,225— tolal, $2,409,373.
Funded Debt.— Funded debt, June 30, 1901, consisted of $200,000 consol. 6s of April 1, 1921, int. A. & O.;
$500,000 1st consol. 4Js of July 1, 1947, int. J. & J. ; and $400,000 ($1,500,000 anth.) gen. gold 4s of July 1, 1950, int.
J. & J.
GLOVERSVILLE AND BROADALBIN RR.-
Broadalbln Junct., to Broadalbin, N. Y., 6.2 miles.
Rail (steel), 60 Ibs. Gauge, 4 ft. 8i in. Chartered
April 17, 1895; road opened Nov. 15, 1895. Leased to
the F., J. & G. UR. Co., for 999 years from Aug. 1,
1895, at an annual rental of $1, the lessee assuming
all obligations and guaranteeing principal and in-
terest of the $30,000 1st mtge. bonds describtd be-
low. Balance Sheet, June 30, 1901. — Capital stock
($100 shares), $60,000; funded debt (1st gold 5s of
Aug. 1, 1925, int. F. & A.). ?30, 000— total, repre-
senting cost, $90,000. J. H. Richardson, Pres. ;
Frank Burton, Sec. Office. Gloversville, N. Y.
Directors, F., J. & G. RR. (elected Jan. 15, 1902).— J. Ledlie Hees, Fonda, N. Y. ; G. Levor, Geo. M. Place,
S. H. Shotwell, Erastus Darling, Z. B. Whitney, A. J. Zimmer, Gloversville, N. Y. ; R. T. McKeever, Houghton,
Mich.; Chauncey M. Depew, George F. Moore, New York, N. Y. ; John G. Ferres, Jas. I. Younglove, James
Stewart, Johnstown, N. Y. ; J. 8. Friedman, Albany, N. Y. ; Win. Harris, Northville, N. Y. OFFICERS : J. LED-
LIE HERS, Pres. & Gen. Afffr. ; Geo. M. Place, Sec. & Treas. ; Lyman K. Brown, And., Gloversville, N. Y.
GENERAL OFFICE, Gloversville, N. Y.
GENESEE AND WYOMING KB.— Retsof, N. Y., to Pittsburgh and Lehigh Junction, 10.66 m.;
Retsof Junction to Greigsville, N. Y., 3.73 m.; Retsof Yards to Retsof Mine*, N. Y., 1.77 m.— total, 16.16 m.;
total track (steel ; 67 Ibs.), 18.01 miles. Gauge, 4 ft. 8i in. Chartered March 25, 1899, as successor to the Genesee
and Wyoming Valley Ry. Co. (See MANUAL for 1899, page 223.) The road is projected to extend from Perry to
Caledonia, N. Y., 20.71 miles. Locomotives, 3. Cars (passenger), 2.
Operations, year ending June 30, 1901. -Trains run (passenger, 6,018 ; freight, 11,604 ; other, 6,071), 23,693
miles. Passengers carried, 1,645; carried one mile, 12,921. Tons freight moved, 280,443; ton-miles, 2,804,430.
Earnings (passenger, $453 ; freight, $109,857 ; other, $49), $110,362. Operating expenses, $75-339. Net earnings,
$35,023. Payments : Interest ou bonds, $25,000 ; other interest, $420 ; taxes, $2,444 ; dividends, $25,000— total,
$52,864. Deficit, $17,841 ; surplus forward, $14,203; net deficit, $3,638.
General Balance Sheet, June 30, 1901.— Capital stock ($1,000 shares), $500,000; funded debt (1st 5s of
April 1, 1929, int. A. & O.), $500,000 ; interest accrued, $6,250 ; other liabilities, $54,466— total, $1,060,716. Con-
tra : Cost of road and equipment, $1,019,091 ; cash and current assets, $37,987 ; profit and loss, $3,638— total,
$1,060,716.
Directors (elected April 9, 1901).— Milo M. Belding, Milo M. Belding, Jr., Wm. B. Putney, Edmunds B.
Putney, New York,N. Y.; J. N. Smith, Lynn, Mass.; M. B. Fuller, E. L. Fuller, Scranton, Pa.; H.D. Fuller,
Bayonne, N. J.; D. Hyman, Rochester, N. Y.; Joy Morton, Chicago, 111. OFFICERS : E. L. FULLER, Pres. <fe
Treat., Scranton, Pa.; Milo M. Belding, Jr., Vice-Pre.?.; H. D. Fuller, Sec.; E. L. Fuller, Treas., New York, N.
Y.; David Hyman, Gen. Mgr.; H. C. Finch, And., Retsof, N. Y. GENERAL OFFICE, Retsof, N. Y. New York
Office, 115 Broad way.
GEORGES CREEK AND CUMBERLAND RR.-Junc. W. Va. C. Ry., Cumberland to New
Detmdd Mine, Lonaconing, Md., 21.42m.; Midland to Jackson Mine, 4.85m.; G. C. June, to Pa. State Line, 4.56
m.; Lonaconing to Koontz Mine, 0.91 m.; City June, to June. B. & O. RR., 0.85 m.— total, 32.59 m. ; total track
(steel; 67 and 70 Ibs.), 44.57 miles. Gauge, 4 ft. 9 in. Chartered Dec. 21, 1876; road opened May 31, 1881; consol.
with Pa. RR. in Md., June 16, 1888. Locomotives, 10. Cars— passenger, 4; freight (box, 2; flat, 5; coal, 1,093),
1,100; other, 3— total, 1,107.
Operations, year ending June 30,1901.— Earnings (passenger, $10,036 ; freight, $320,823 ; other $46,311),
$377,170. Operating expenses, 8184,938. Net earnings, $192,232 ; other receipts, $2,700— total, $194,932. Deduc-
tions : First charges, 849,870 ; dividends (8 p. c.), $80,000-total, $129,870. Surplus, $65,062.
Financial Statement, June 30, 1901.— Capital stock ($50 shares), $1,000,000. Funded debt outstanding
($536.000 1st 6s of Oct. 1, 1909, int. A. & O. ; and $65,000 2d mtge. loan, due Feb. 1, 1908), $601,000. The 2d mortgage
loan was assumed from the Pa. RR. in Md., and is not represented by bonds.
Directors (elected June 13, 1901).— Sidny Wintringham, James A. Alexander, John E. Knapp, Charles
L. F. Robinson, J. A. Millholland, Wm. De L. Walbridge, -New York, N. Y.; Joseph E. Gay, Jaffrey, N. H.
OFFICERS: JAMES A. MILLHOLLAND, Pres. & Gen. Mgr., Cumberland, Md.; Sidny Wintringham, Vice-Free.;
Wm. De L. Walbridge, Treas. & Sec., New York, N. Yi GENERAL OFFICE, 1 Broadway, New York, N. Y.
GREENWICH AND JOHNSONVILLE RY.— Greenwich to Johnsonville, N. Y., 14.65 m.; total
track (steel ; 5,i, 60. and 67 Ibs.), 16.15 miles. Gauge, 4 ft. 8i in. Reorganization, Sept. 6, 1879, of the G. & J.
RR. Co. Locomotives, 2. Cars— passenger (1 leased), 2 ; baggage, 1 ; flat, 2 — total, 5.
Operations, year ending June 30, 1901.— Trains run (passenger, 26,292 ; freight, 8,864), 35,156 miles. Pas-
sengers carried, 23,772 ; carried one mile, 348,259. Tons freight moved, 54,041 ; ton-miles, 791,700. Earnings
(passenger, $11,487; freight, $32,315 ; other, $1,751), $45,553. Operating expenses, $28,526. Net earnings, $17,-
027; other receipts, $793— total, $17,820. Payments: Taxes, $2,141 ; dividends, $11,800— total, $13,941. Sur-
plus, $3,878 ; surplus forward, $3,916— total, $7,794. Deductions during the year, $1,922. Surplus, June 30, 1901,
$5,872.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($150,000 auth.; $100 shares), $147,500;
current liabilities, 81,293 : profit and loss, $5,872— total, $154,665. Contra : Cost of road and equipment, $132,-
500 ; real estate, $5,000 ; materials, etc., $2,775 : cash, $14,187 ; prepaid taxes. S203— total, $154,665.
Directors.— I. C. Blandy, Horace Cottrell, Henry Gray, H. C. Gray, LeRoy Thompson, C. C. Van Kirk,
Greenwich, N. Y.; G. F. Blandy. J. C. Ciirrington, C. P. Noyes, New York, N. Y.: D. A. Bullard, John A. Dix,
A. W. Hitchcock, Schuylerville, N. Y. OFFICERS : I. C. BLANDY, Pres., Greenwich, N. Y.; G. F. Blandy, Vice-
Pres.; C. P. Noyes, Treas., New York, N. Y.; D. A. Bullard, Sec., Schuylerville, N. Y.; J. H. McDaniels, Gen.
Supt., Greenwich, N. Y. GENERAL OFFICE, Greenwich, N. Y.
176 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
GREIGSVILLE AND PEARL CREEK RR.— North Greigsville to D., L. & W. Junction, 1.50
m.; branch around Greigsville salt mine, leased by Retsof Mining Co., 1.5 m.— total, 3 miles. Gauge, 4 ft. fty in.
Rail (steel), 70 Ibs. Chartered Jan. 26, 1898 ; road opened in April, 1898. Operation suspended, in June, 1809,
owing to the closing of the Greigsville salt plant. The road is projected from Pearl Creek to North Greigsville,
N Y., 10 miles.
General Balance Sheet, June 80, 1900 (latest rendered).— Capital stock ($100 shares), $100.000 ; profit
and loss, $58— total, $100,058. Contra : Cost of road, $100,000 ; cash and current assets, $58— total, $100,058.
Directors.— E. L. Fuller, Scranton, Pa.; Arthur G. Yate?, David Hyman, Rochester, N. Y- MiloM. Bel-
ding, Milo M. fielding, Jr., James C. Colgate, William B. Putney, New York, N. Y.; Henry D. Fuller, Bayonne,
N. J.: Joseph N. Smith, Lynn, Mass. OFFICERS : E. L. FULLER, Pres. & Treas., Scranton, Pa.; H. D. Fuller,
Sec., 115 Broadway, New York, N. Y.; H. H. Sivelly, Aud., Scranton, Pa.; David Hyman, Sitpt., Greigsville, N.
Y. GENERAL OFFICE, Greigsville, N. Y.
HUDSON HIGHLAND BRIDGE AND R.Y.— Reorganization, March 5, 1896, of the Hudson
Snap. Bridge and New England Ry. The project is for a bridge over the Hudson River, near PeeksidJl, with con-
necting railroads at both ends, the whole to form a connecting link between the great trunk lines and the railway
system of New England. The charter calls for the completion of the work by July 4, 1905. (See MANUAL for
1899, page 223.) Amount expended on work and connections, $700,000. Company is without debt or Jien of any
kind. Capital stock, $84,900.
Directors.— John N. Hazard, R. G. Hazard, Peace Dale, R. I.; F. R. Hazard, Syracuse, N. Y.; Ernest N.
Hazard, A. P. Boiler, A. W. Lewis, G. F. Lawrie, H. Alexander, G. W. Sandford, New York, N. Y. ; Wm. G. Ladd,
Henry Martin, Brooklyn, N. Y. One vacancy. OFFICERS : JOHN N. HAZARD, Pres., Peace Dale, R. I.; Wm. G.
Ladd, Sec. <& Treas., Brooklyn, N. Y. GENERAL OFFICE, 11 Broadway, New York, N. Y.
HUNTERS RUN AND SLATE BELT RR.— Hunters Run to Slate Belt, Pa., 13.5 m.; total
track (steel, 12.12 m.), 13.87 miles. Rail, 45 to 60 Ibs. Gauge, 4 ft. 8£ in. Chartered June 8, 1891, and leased from
the P. & R. RR. Co., for 999 years, at $1 per annum, 8 miles of road, from Hunters Run to Pine Grove Furnace.
(See MANUAL for 1892, page 915.) The extension from Pine Grove Furnace to Slate Belt, built by the company,
was opened June 15, 1892. Locomotives, 2. Cars— passenger, 2 ; combination, 1 ; other, 4— total, 7.
Operations, year ending June 30, 1901.— Trains run (mixed, 12,662 ; other, 979), 13,641 miles. Passen-
gers carried, 14,482 ; carried one mile, 89,451. Tons freight moved, 49,324 ; ton-miles, 195,437. Earnings (passen-
ger, $1,486 ; freight, $10.727 ; other, $411), $12,624. Operating expenses, $13,948. Deficit from operations, 81,324.
Payments : Interest on debt, $780; taxes, $189 ; rental, $1— total, §970. Deficit for year, §2,294 ; deficit forward,
$4,150— total, $6,444.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100,000 auth.; $50 shares), §59,600;
other liabilities, $38,753— total, $9;s,353. Contra: Cost of road and equipment, §59,608 ; other investments, $3,340 ;
materials, etc., $171 ; current assets, $28,790 ; profit and loss, $6,444— total, $98,353.
Directors (elected Jan. 10, 1902).— J. C. Fuller, Pine Grove Furnace, Pa. ; Jay Cooke, B. J. Woodward, Jno.
M. Butler, Charles D. Barney, J. Horace Harding, Philadelphia, Pa.; W. H. Gibbons, Coatesville, Pa. OFFICERS:
J. C. FULLER, Pres., Pine Grove Furnace, Pa.; John M. Butler, Sec. & Treas., Philadelphia, Pa.; A. C. Givler,
Gen. Supt., Pine Grove Furnace, Pa. GENERAL OFFICE, Pine Grove Furnace, Pa.
IRONTON RR.— Coplay to Ironton, pa., 5.5m.; Junction to Siegersyille, 3.5m.; Egypt to West Coplay,
0.75m.— total, 9.75m. ; total track (steel, 12.5 m.), 14.25 miles. Rail, 50 and 70 Ibs. Gauge, 4 ft. 8J in. Chartered
March 4, 1859 ; opened in May, 1860. The company uses 0.25 m. of L. V. RR. tracks at Coplay. Locomotives, 4.
Cars— passenger, 1 ; freight (flat), 6 ; service, 1— total, 8.
Operations, year ending June 30, 1901.— Trains run (passenger, 9,530 ; freight, 23,424), 32,954 miles. Pas-
sengers carried, 32,735 ; carried one mile, 130,940. Tons freight moved, 801,198 ; ton-miles, 4,646,948. Earnings
(passenger, $2,158; freight, $139,748), $141,906. Operating expenses, $62,871. Net earnings, $79,045; other receipts,
$907— total, $79,942. Payments : Taxes, $2,914 ; dividends, §90,000 -total, $92,914. Deficit, $12,972 ; surplus for-
ward, $68,729; net surplus, $55,757.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $200.000 ; current liabilities, $18,682;
profit and loss, $55,757— total, $274,439. Contra : Cost of road and equipment, $200,000 ; land, $675 ; cash and
current assets, $73.764— total, $274,439.
Directors (elected Oct. 8, 1901). -Samuel Thomas, Catasauqua, Pa.; B. F. Fackenthal, Jr., James W.
Weaver, Fred. R. Drake, Jos. S. Rodenbough, Easton, Pa.; Wm. H. Hnlick, New York, N. Y. OFFICERS : B. F.
FACKENTHAL, JR., Pres., Easton, Pa.; Wm. H. Hulick, Vice-Pres., New York, N. Y. ; James W. Weaver, Sec. <&
Treas., Easton, Pa. GENERAL OFFICE, Easton, Pa.
ISLAND RR.— In Buffalo, N. Y., 1.40 m.; total track (steel), 1.50 miles. Chartered Sept. 1, 1883 : road
opened in 1884. Operated in connection with certain coal docks between Blackwall Canal and Buffalo River.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($250,000 auth. ; $100 shares), $200.000.
Contra : Cost of road and equipment, $199,000 ; profit and loss, $1,000— total, $200,000.
Directors.— Frank Brundage, Joseph G. Dudley, W. C. Farrington, J. H. Torney, F. C. Cmger, Buffalo,
N. Y. ; H. W. Cannon. Nicholas Terhune, New York, N. Y. OFFICERS : W. C. FARRINGTON, Pres. & Supt.,
Buffalo, N. Y. ; Nicholas Terhune, Sec. & Treas., New York, N. Y. GENERAL OFFICE, Buffalo, N. Y.
JAMESTOWN AND CHAUTAUQ.UA RY.— Jamestown to Mayville Junction, N. Y., 21.17 m.;
Mayville to Chautauqua, N. Y., 2.68 m.; Clifton to Falconer, N. Y., 3.46 m.; trackage (Pa. RR.), Mayville Jc.
to Mayville, 1.20 m.— total, 28.51 m.; total track (steel; 60 Ibs!), 32.46 miles. Gauge, 4 ft. 8£ in. Chartered Jan.
1, 1899, as successor to the Jamestown and Erie Ry. Co., whose property was sold under foreclosure, Nov. 1, 1898.
Locomotives (leased, 1), 3. Cars— passenger, 12; baggage, etc., 1 ; caboose and service, 2— total, 15.
Operations, year ending June 30, 1901.— Trains run (passenger, 41,556: freight, 20,532; other, 16.176),
78,264 miles. Passengers carried, 52,466 ; carried one mile, 918,156. Tons freight moved, 94,924; ton-milos,
1.518,784. Earnings (passenger, $16,836 ; freight, $40.526 ; other, $3,368), $60.730. Operating expenses, $44,541.
Net earnings, $16,189. Paid taxes, $2,885. Surplus, $13,304 ; surplus forward (total, $14,410; less overcharges
returned, etc., $1,111), $13,299— total, $26,603.
General Balance Sheet, June 30, 1901.— Capital stock (common, $350,000 ; preferred, $125,000), $475,-
000 ; funded debt, (1st 5s of Nov. 15, 1998, int. 15 M. & N.), $250,000 ; loans and bills payable, §27,466 ; current
liabilities, $10,144 ; insurance, $450 ; profit and loss, $26,603— total, $789,663. Contra : Co«t of road and equip-
ment, $772,716 ; due by agents, $8.467 ; materials, etc., $1,262 ; cash and current assets, $7.218— total, ?789,663.
Directors. -W. A. C. Ewen, S. R. Bertron. R. S. Storrs, L. C. Herckenrath, E. G. Woodling, Murray W.
Dodge, F. S. Butterworth, New York, N. Y.; S. F. Nixon, Westfield, N. J.; Denman Blancliard, Boston, Mass.
OFFICERS : W. A. C. EWEN, Pres., New York, N. Y.; S. Fred. Nixon, Vice-Pres., Westfleld, N. Y.: R. S. Storrs,
Treas.; F. S. Butterworth, Asst. Treas., New York, N. Y.; R. J. Booty, Gen. Supt.; O. W. Kelsey, Aud.,
Jamestown, N. Y. GENEBAL OFFICE, Jamestown, N. Y.
JAMESTOWN, CHAUTAUaUA AND LAKE ERIE RY.-Projectc,l : Mayville to Westfield,
N. Y., 11.25 m.; completed, Dec. 31, 1901, about 8 miles. Gauge, 4 ft. 8J in. Rail (steel), 70 ibs. Organized Sept.
25, 1900, and acquired control of the Jamestown and Chautauqua Ry. Co. and of the Chautauqua Steamboat Co.
Construction is in progress on the line from Mayville to Westfield, and it is expected to be in operation in June,
Railroad Map of Delaware, Maryland, Virginia and West Virginia.
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Poor's Manual— Railroad Map of the United States, 1902.
WARE, MARYLAND, VIRGINIA AND WEST VIRGINIA.
Washington
Railroad Map of Delaware, Maryland, Virginia and West Virginia.
WORKS BY HENRY V. POOR.
EMBRACING
A mSM OF MONETARY THEORIES
AND
A HISTORY OF THE CURRENCIES
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UNITED STATES.
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One Vol., royal octavo, cloth, pp. acl., 623. Price, $5.00.
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Sent free of postage, on receipt of price, by the publishers, and for sale by all booksellers.
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POOR'S MANUAL OF RAILROADS. 177
General Balance Sheet, June 30, 1901.— Capital stock issued ($750,000 auth.; $100 shares), $625,200;
funded debt, $000,000— total, Jl, 225,000. Contra : Cost of road, $495,783 ; securities of other companies, at par,
8725,000 ; cash, $4,417— total, $1,225,000.
Funded Debt.— The funded debt outstanding on Nov. 22, 1901, amounted to $673,000, consisting of 1st
mtge. 4 p. c. 50-yr. $1,000 gold coupon bonds, with privilege of registration, due Jan. 1, 1951, interest Jan. and
July, at the office of the trustee, the Continental Trust Co., New York, N. Y. Authorized issue, $750,000.
Directors (elected Oct. 8, 1901).— W. A. C. Bwen, 8. R. Bertron, Richard 8. Storrs, Murray W. Dodge,
George J. Sontag, New York, N. Y.; 8. F. Nixon, Westfleld, N. Y.; Denman Blanchard, Livingston Cushing,
Boston, Mass.; G. Henry Whitcomb, Worcester, Mass. OFFICERS : W. A. C. EWEN, Pres.; George J. Sontag,
Vice-Pres.; Richard 8. Storrs, Sec. & Treas.; Murray W. Dodge, Asst. Sec. & Aset. Treas., New York, N. Y.
GENERAL OFFICE, Jamestown, N. Y. New York City Office, 45 Wall Street.
JEROME PARK RY.— Jerome Park Station to Jerome Park, N. Y., 1.08 m. ; total track (steel ; 56 Ibs.),
1.66 miles. Gauge, 4ft. 8$ in. Chartered April 26, 1880; road opened May 31, 1880. Leased to the contractor
building Jerome Park Reservoir, at a rental of $3,000 per annum.
Income Account, year ending June 30, 1901. — Gross income from lease, $3,000. Charges : Interest on
bonds, $6,000 ; taxes, $960— total, $6,960. Deficit, $3,960; deficit forward ($39,890, less payment by New York on
account of award of Brook Ave. sewer, $1,259), $38,631 ; net deficit, $42,591.
G-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $50,000; funded debt (1st 6s of May
1, 1890, int. M. & N.), $100,000; interest on funded debt due and accrued, $66,000; taxes clue and accrued, $5,282—
total, §221,282. Contra: Cost of road, $172,370; accounts, $3,527; cash, $2,794; profit and loss, $42,591— total,
$221,282.
Directors.— Orin Root, Jr., D. C. Moorehead, R. B. Frederick, Edward J. Wilson, L. H. Thrall, New York,
N. Y. ; Charles T. Esher, Jersey City, N. J.; W. D. Davies, Harrison, N. Y. OFFICERS: ORIN ROOT, Pres.; D. C.
Moorehead, Sec. & Treas., New York, N. Y. GENERAL OFFICE, 621 Broadway, New York, N. Y.
KANE AND ELK RR.— East Kane to McKinley, Pa., 6 m.; McKinley to La Mont, Pa., 1.5 m •
McKinley to Tionesta Branch, Pa., 1.5 m. ; McKinley to Salter, Pa., 1 m.— total track, 11 miles. Gauge, 3 ft. Rail
(steel), 30 and 50 Ibs. Organized Sept. 4, 1895; road opened in 1896. Locomotives, 2. Cars (freight, 28; other,
2), 30.
Operations, year ending June 30, 1901.— Tons freight moved, 19,178 ; ton-miles, 191,778. Earnings (freight,
$9,086 ; other, $699), $9,785. Operating expenses, $8,574. Net earnings, $1,211.
G-eneral Balance Sheet, June 30, 1901.— Capital stock, $75,000; current liabilities, $r.,753; profit and
loss, $483— total, $87,236. Contra : Cost of road and equipment, $82,154; cash and current assets, $5,082— total,
$87,236.
Directors (elected Aug. 19, 1901).— W. A. James, H. J. James, Eben B. James, Kane, Pa.; D. M. James,
Plymouth, Mass.; D. W. James, J. C. James, Hinton, W. Va. OFFICERS: H. J. JAMES, Pres. & Gen. Siipt.;
D. W. James, Vice-Pres., Hinton, W. Va.; E. B. James, Sec. & Treas.; C. E. Robinson, Aud., Kane, Pa. GEN-
ERAL OFFICE, Kane, Pa.
KANONA AND PRATTSBURGH RY.-Kanona to Prattsburgh, N. Y., 11.44 m.; total track
(steel ; 56 Ibs.), 12 miles. Gauge, 4 ft. 8J in. Chartered April 14, 1897. as successor to the K. & P. RR. Co. The
company has a freight traffic agreement with the Erie RR. Co., under which that company supplies cars for
through business. Locomotive,!. Cars— passenger, 1; baggage, etc., 1; freight (box, 5; coal, 1; other, 5), 11 —
total, 13.
Operations, 3fear ending June 30, 1901.— Trains ran (mixed), 22,536 miles. Passengers carried, 10,534;
carried one mile, 120,508. Tons freight moved, 11,221; ton-miles, 128,368. Earnings (passenger, $4,302 ; freight,
$8,679 ; other, $1,384), $14,365. Operating expenses, $10,970. Net earnings, $3,395 ; other receipts, $494— total,
$3,889. Payments: Interest on bonds, $3,000; taxes, $812. Surplus, $77; surplus forward, $5,053-total, $5,130.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $120,000; funded debt (1st 4s of April
1, 1937, int. J. & J.), $75,000 ; current liabilities, $2,366 ; profit and loss, $5,130— total, $202,496. Contra: Cost of
road and equipment, $196,580; cash and current assets, $5,916— total, $202,496.
Directors.— Lewis V. F. Randolph, Wm. Carpenter, John A. Young, Lysander M. Jones, James F.
McNamara, Rufus R. Groves, John J. Cahill. New York, N. Y.; Isaac W. Fowler, Plattsburgh, N. Y.; Wm. H.
Nichols, Bath, N. Y. OFFICERS : LEWIS V. F. RANDOLPH, Pres., New York, N. Y. ; I. W. Fowler, Vice-Pres. &
Treas., Prattsburgh, N. Y.; J. J. Cahill, Sec., New York, N. Y.; C. Hallagan, Jr., Aud. & Supt., Prattsburgh,
N. Y. GENERAL OFFICE, Prattsburgh, N. Y.
KEATING AND SMETHPORT RR.— Penna. RR. track to McKean's Mill, Pa., 0.5 mile. Organ-
ized Aug. 21, 1899. Company owns 1 locomotive.
Operations, year ending June 30, 1901.— Earnings (freight), $1,491. Operating expenses, $1,310. Net
earnings, $181.
General Balance Sheet, June 30, 1901.— Capital stock, $10,000; current liabilities, $284— total, $10,884.
Contra: Cost of road, $10,000; profit and loss, $284— total, $10,284.
Directors.— Robert Osgood, Salem, Mass.; Z. U. Weiss, East Smethport, Pa.; F. D. Gallup, W. D. Gal-
lup, Smethport, Pa.; C. A. Baker, Melrose, Mass. OFFICERS: C. A. BAKER, Pres., Melrose, Mass.; Z. U.
Weiss, Sec., Treas. & Aud., East Smethport, Pa. GENERAL OFFICE, Smethport, Pa.
KEESEVILLE, AUSABLE CHASM AND LAKE CHAMPLAIN RR.-Port Kent to
Keeseville, N. Y., 5.64 m.; total track (steel ; 60 Ibs.), 5.96 miles. Gauge, 4 ft. 81 in. Chartered April 2, 1889 ;
road opened May 26, 1890. Locomotive, 1. Cars— passenger, 3 ; service, 2- total, 5.
Operations, year ending June 30, 1901. — Trains run (passenger, 5,944 ; freight, 17,833), 23,777 miles. Pas-
sengers carried, 37,801 ; carried one mile, 178,044. Tons freight moved, 25,404 ; ton-miles, 116,882. Earnings
(passenger, $8,865; freight, $7,797; other, $613), $17,275. Operating expenses, $15,856. Net earnings, $1,419;
other receipts, $1,394 — total, $2,813. Payments: Interest on bonds, $1,800; taxes, $290; other charges, $21— total,
$2,111. Surplus, $702; surplus forward, $12,138; net surplus, $12,840.
General Balance Sheet, June 30, 1901.— Capital stock ($60,000 auth.; $10 shares), $30,710 ; funded debt
(1st 6s of Dec. 1, 1909, int. J. & D.), $30.000; interest accrued, $150 ; other liabilities, $2,224; profit and loss.
$12,841— total, $75,925. Contra: cost of road and equipment, $71,820; materials, etc., $421; cash and current
assets, $2.90o; other assets, $781— total, $75,925.
Directors (elected April 1, 1902).— Edmund K. Romeyn, Geo. N. Kingsland, Charles M. Hopkins, Conant
8. Taylor, Adelbert W. Boynton, Edmund K. Baber, Henry M. Mould, Chas. H. Prescott, Michael J. Callanan,
Albert W. Shields, Frank H. Hopkins, H. M. Prime, M. McGuire, Keeseville, N. Y. OFFICERS: EDMUND K.
BABER, Pres.; C. H. Prescott, Vice-Pres. ; Chas. M. Hopkins, Treas.; Adelbert W. Boynton, Sec.; Geo. N.
Kingsland, Gen. Mgr., Keeseville, N. Y. GENERAL OFFICE, Keeseville, N. Y.
KINZTTA AND TIONA RR.— Dewdrop to Johnson, Pa., 9m.; total track (steel; 45 Ibs.), 12 miles.
Gauge, 4 ft. 9 in. Chartered June 21, 1897 ; road opened same year. Locomotives, 3. Freight cars (box, 2;
stock, 4; flat. 1; logging, 15). 22.
Operations, year ending June 30, 1901.— Trains run (freight), 15,384 miles. Earnings (freight, $10,813;
12
178 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
other, $2,000), $12,813. Operating expenses, $13,382; taxes, $225-total, $18,607. Deficit, |794; surplus forward,
$894; net surplus, $100.
General Balance Sheet, June 30, 1901. -Capital stock paid in ($80,000 auth.; $100 shares), $55,000:
profit and loss, §100— total, $55,100. Contra : Cost of road and equipment, $54,009; current accounts, $1,091—
total, $55,100.
Directors (elected Dec. 26, 1901).— Q. W. Campbell, H. A. Jamieson, W. I. Bartholomew, Warren, Pa. ;
Jno. W. Campbell, F. W. Reese, Kane, Pa.; E. W. Campbell, Dewdrop, Pa.: H. G. Baxter, Clarendon, Pa.
OFFICERS: G. W. CAMPBELL, Pres.; H. A. Jamieson, Vice-Pres., Warren, Pa. ; E. W. Campbell, Sec., Treat. A
Oen. Sttpt., Dewdrop, Pa. GENERAL OFFICE, Dewdrop, Pa.
XISHACOQTJILLAS VALLEY RR.— Reedsville to Belleville, Pa., 9.2 m.; trackage, Penn.RR.:
Kishacoquillas June, to Reedsville, Pa., 0.30 m.— total, 9.5 m.; total track (steel ; 601bs.), 10.3 miles. Gauge, 4
ft. 8Jin. Chartered June 14,1892; road opened July 1, 1893. Locomotives, 2. Cars— passenger, 1 ; baggage,!;
freight (flat), 2 ; other, 2— total, 6.
Operations, year ending June 30, 1901.— Trains run (mixed), 20,000 miles. Passengers carried, 24,538;
carried one mile, 177,216. Tons freight moved, 17,113; ton-miles, 119,791. Earnings (passenger, $4,491; freight,
$6,271; other, $1,047), $11,809. Operating expenses, $10,113; taxes, $203— total, $10,316. Net earnings, $1,493.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100,000 auth.; $25 shares), $91,925;
current liabilities, $213: profit and loss, $12,698— total, $104,866. Contra : Cost of road and equipment, $86,392;
other investments, $6,599; materials, etc., $1,000; balance due on stock, $10,875— total, $104,866.
Directors.— W. J. Hayes, J. H. Peachey, Solomon Z. Hartzler, J. P. Getter, Wm. B. Maclay, S. Watts, J.
M. Campbell, J. Y. Zook, Belleville, Pa. OFFICERS: W. J. HAYES, Pres.; J.M.Campbell, Vice-Pres.; Mrs.
Clare W. Getter, Treas.; Wm. B. Maclay, Sec.; J. P. Getter, Gen. Mgr.; Geo. E. Middlesworth, And., Belleville,
Pa. GENERAL OFFICE, Belleville, Pa.
LAKE CHAMPLAIN AND MORIAH RR.-Port Henry to Mineville, N. Y., 7.66 m.; total track
(steel ; 60 to 70 Ibs.), 14.92 miles. Gauge, 4 ft. 8i in. Organized Dec. 4, 1867 ; road opened in 1869. Operated
chiefly in connection with the iron mines at Mineville. Locomotives, 7. Cars— passenger, 3 ; freight (box, 2 ;
flat, 6 ; ore, 254), 262— total, 265.
Operations, year ending June 30, 1901.— Trains run (passenger,9,320; freight, 10,920),20,240 miles. Passen-
gers carried, 1,114; carried one mile, 7,798. Tons freight moved, 127,184; ton-miles, 890,288. Earnings (passenger,
$235; freight, §25,395), $25,630. Operating expenses. $21,486. Net earnings, $4,144; ether receipts, §87— total,
$4,231. Paid taxes, §2,880. Surplus, $1,351; surplus forward, g2,972— total, $4,323.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $200,000; open account, $1,603;
profit and loss, $4,323— total, $205,926. Contra : Cost of road and equipment, $185,200; materials, etc., $14,800;
cash, $5,926— total, $205,926.
Directors (elected Oct. 9, 1901).— Frank S. Witherbee, W. T. Foote, Jr., Port Henry, N. Y.; Albert E.
Tower, Ponghkeepsie, N. Y.; I. Townsend Burden, Moses Taylor, New York, N. Y.; H. N. Brinsmade, Brooklyn,
N. Y. OFFICERS : W. T. FOOTE, JR., Pres., Port Henry, N. Y.; Moses Taylor, Vtce-Pres., New York, N. Y.; H.
N. Brinsmade, Sec., Brooklyn, N. Y.; Albert E. Tower, Treas. & Gen. Mgr., Poughkeepsie, N. Y. GENERAL
OFFICE, Poughkeepsie, N. Y.
LANCASTER, OXFORD AND SOUTHERN RR.— Oxford to Susquehanna, Pa.,20 m.; total
track (steel, 12 m.), 20.9 miles. Rail, 80 and 60 Ibs. Gauge, 3 ft. Reorganization, Sept. 3, 1890, of the Peach
Bottom RR. Locomotives, 2. Cars— passenger, 3 ; freight, 21— total, 24.
Operations, year ending June 30, 1901.— Tons freight moved, 13,903. Earnings (passenger, $5,343; freight,
$9,665), §15,008. Operating expenses, $14,842. Net earnings, $166. Deductions, §131. Surplus. §35.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($500,000 anth.; $50 sharesO. ?119.6S6;
current liabilities, $3,6!>5— total, $123,381. Contra : Cost of road, etc., §119,686; cash and current assets, $1,328;
profit and loss, $2,367— total, $123,381.
Directors (elected May, 1901).— Walter M. Franklin, J.W.B. Bailsman, Jacob B. Long, Lancaster, Pa.; J.
E. Ramsey. J. M. Showalter, A. M. Nivin, D. M. Taylor, Oxford, Pa. OFFICERS : WALTER M. FRANKLIN, Pres.;
J. W. B. Bailsman, Sec. & Treas.; J. B. Long, And., Lancaster, Pa.; A. M. Nivin, Gen. Mgr., Oxford, Pa.
GENERAL OFFICE, Oxford, Pa.
LEHIGH AND NEW ENGLAND RR.—Slatington, Pa., to Hainesburgh June., N. J., 34.42 m.;
Swartswood June., N. J., to Liberty Comers, N. Y., 21.20 m.; Howerton June, to Howerton, Pa.. 0.80m.; Camp-
bell Hall Connecting RR. (see appended statement), 3.78m.; Pochuck KR. (see appended statement), 4.30 m.—
total, 04. 50 miles. Trackage : N. Y., S. & W. RR. ; Hainesbnrgn June, to Swartswood, N. J., 18.63m.; Erin RR.,
Pine Island to Campbell Hall, N. Y., 16.79m.- total, 35.42 miles. Total operated, 99.92 miles. Sidings owned,
11.82 mile*. Gauge. 4 ft. 8i in. Rail (steel, 57.22 m.), 54 to 70 Ibs. Organized April 2, 1895, as successor to the
Pennsylvania, Ponghkeepsie and Boston RR. Co., whose property was sold under foreclosure Dec. 14, 1894. (See
MANUAL for 1898, page 74.) Locomotives, 5. Cars— passenger, 2 ; freight (box, 16 ; flat, 6), 22 ; caboose, 2—
total, 26.
Operations, year ending June 30, 1901.— Earnings (passenger, $8,936; freight, $72,526; other, $4,252),
$85,714. Operating expenses, 885,248. Net earnings, §406; other receipts, $591— total, $1,057. Payments : In-
terest, §35,844; taxes, $1,919— total, $37,763. Deficit, $3iJ,706; deficit forward, $18,916— total, $55,622.
• General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $750,000 ; funded debt (1st gold 5s
of July 1,1945, int. J. and J.), $751,000 ; current liabilities, $152,180— total, $1,653,180. Contra: Cost of road and
equipment, $1,516,067 ; cash and current assets, $81,491 ; profit and loss, $55,622— total, $1,653,180.
CAMPBELL HALL CONNECTING RR.— Pine
Island, N. Y., to New Jersey State Line, 3.78 m.;
total track, 4.11 miles. Kail (steel, 3.78 in.), 54 and
60 Ibs. Chartered April 3, 1889. Controlled and oper-
ated by the Lehigh and New England RR. Co. Bal-
ance Sheet, June 30, 1901. — Capital stock paid In
($500,000 auth.; $50 shares), $125,000; funded debt
(1st 5s of Aug. 1, 1939, int. F. & A.), $125,000—
total, representing cost of road, $250,000. All of
the bonds and a majority of the capital stock are
owned by the Lehigh and New England RR. Co. J.
C. Stanton, Pres.; D. J. McNeil, Sec. & Treas., New
York, N. Y. Offices, 929 Chestnut St., Philadelphia,
Pa., and Goshen, N. Y.
POCHUCK RR — Campbell Hall Connecting RR.
between Wilcox and Liberty Corners, N. Y., 4.3
miles. Rail (steel), 60 Ibs. Chartered April 23, 1897;
road opened July 1, 1897. Operated by the Lehign
and New England RR. Co., which owns the entire
capital stock, $20.000. William Jay Turner, Pres.;
John W. Monly, Treas.; J. R. Sagee, See., Phila-
delphia, Pa. Office, 929 Chestnut St., Philadelphia,
Pa.
Directors (L. & N. E. RR. Co.).— Wm. Jay Turner, Wm. B. Scott, W. W. Gibbs, Morris Pfaelzer, John W.
Moffly, W. W. Knrtz, Philadelphia, Pa.: Conrad Miller, Nazareth, Pa. OFFICERS: WILLIAM J. TURNER, Pres.;
Wm. B. Scott, Vice-Pres.; Joseph R. Sagee, Sec., Philadelphia, Pa.; F. 8. Fowler, Treat. <fc Aud.; J. R. Whitney,
Gen. Mgr., Pen Argyl, Pa. GENERAL OFFICE, 929 Chestnut St., Philadelphia, Pa.
LEWISBTJRG AND BUFFALO VALLEY RR.— Lewlsbnrg to Knlps, Pa., 15 miles. Organized
May 10, 1897 ; constructed, as above, during the same year. Operated under a lease by Monroe H. Knlp & Co.,
incorporated. Owns 3 locomotives and 40 freight cars.
Income Account, year ending June 30, 1901.— Total receipts, $1,200. Paid dividend (4 p. c.), $1,200.
POOR'S MANUAL OF RAILROADS. 179
General Balance Sheet, Jane 80, 1901.— Capital stock, $80,000 ; funded debt (particulars not furnished),
$18,500— total, $48,500. Contra : Cost of road, $20,000 ; equipment, $10,000 ; cash and current assets, $18,500—
total, $48,500.
Directors (elected Jan., 1902).— Monroe H. Kulp, G. Gilbert Knlp, D. C. Kaseman, H. W. Shuman, W. J.
Wiest, Shamokin, Pa.; M. S. Leisenring, Upper Lehigh, Pa. OFFICERS : MONROE H. KULP, Pres.; G. Gilbert
Kulp, Vice-Pres.; D. C. Kaseman, Sec., Shamokin, Pa. GENERAL OFFICE, Shamokin, Pa.
LEETONIA RR.— Tiadaghton to Leetonia, Pa., 8.26 m.; Junction to Four Mile Run, 5.52 in.- -total,
13.78 m.; total track (steel, 40, 00, and 76 Ibs.), 15.54 miles. Gauge, 4 ft. 8i in. Organized March 7, 1899 ; road
ton-miles, 354,873. .Earnings (freight), $16,9:34;
other expenses, $259 — total, $16,762. Surplus,
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100,000 auth.; $100 shares), $64,500;
current liabilities, §57,903— total, $122,403. Contra : Cost of road and equipment, $57,782 ; Tiadaghton and
Fahnestalk property, $54,026; materials, etc., $1,360; cash and current assets, $3,204; profit and loss, $5,371 —
total, $122,403.
Directors (elected Jan. 14. 1902).— C. S. Horton, A. E. Batchford, M. F. Hammond, A. T. Thompson, F. E.
Bradley, Williamsport, Pa.; J. Harrison, Wellsboro, Pa.; E. G. Schieffelin, Stokesdale, Pa.; A. R. Spicer, Hoyt-
ville. Pa.; L. R. Horton, Blossburg, Pa. OFFICERS: C. B. FARR, Pres. & Gen. Mgr.; C. S. Horton, Vice-Pres.;
F. E. Bradley, Treas.; M. F. Hammond, Sec.; Geo. C. Darling, And., Williamsport, Pa. GENERAL OFFICE,
Williamsport, Pa.
LIGONIER VALLEY RR.— Latrobe to Ligouier, Pa., 11 m.; total track (steel; 56, 70, and 85 Ibs.), 17
miles. Gauge, 4 ft. 8i in. Chartered as Latrobe and Ligouier RR. Co., April 15, 1853; supplementary charier, May
2, 1871. Name changed and road opened Nov. 17, 1877. Locomotives, 3. Cars— passenger. 5 ; baggage, etc., 3 ;
freight (box, 2 ; flat and coal, 8), 10 ; service, 2— total, 20.
Operations, year ending June 80, 1901.— Trains run (passenger, 24,020 ; freight, 12,588), 36,608 miles. Pas-
sengers carried, 24~,3!W; carried one mile. 1,579,7(;3. Tons freight moved, 250,661; ton-miles, 1,520. 7b2. Earnings
(passenger, $31,376; freight, $39,746; other, $2,514), $73,630. Operating expenses, $53,168. Net earnings, $20,468;
other receipts, $167— total, $20,635. Payments: Interest on bonds, $3,750; taxes, $2,458; dividends (10 p. c.),
$16,000— total, $22,208. Deficit, $1,573; surplus forward, $06,847; net surplus, $65.274.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $160,000; funded debt (1st 5s of April
1, 1907. int. A. & O.), $75,000; profit and loss, $65,274-total, $300,274. Contra : Cost of road and equipment,
$280,700; cash, $13,574— total. §300,274.
Directors (elected Jan., 1902V— T. A. Mellon, James R. Mellon, A. W. Mellon, R. B. Mellon, E. P. Mellon,
Thomas Mellon, W. S. Mitchell, Pittsburgh, Pa.; Geo. Senft, Ligonier, Pa. OFFICERS : J. R. MELLON, Pres.;
A. W. Mellon, Sec.; R. B. Mellon, Trea*., Pittsburgh, Pa.; Geo. Senft, Gen. Mgr., Ligonier, Pa. GENERAL
OFFICE, 514 Smithfield Street, Pittsburgh, Pa.
LITTLE FALLS AND DOLGEVILLE RR.-Little Falls to Dolgeville, N. Y., 10.32 m.; total
track (steel; CO Ibs.), 11.32 miles. Gauge, 4 ft. 8* in. Chartered Feb. 20, 1891 ; roaoT opened Jan. 1, 1894. Placed
in the hands of a receiver on May 31, 1899. Locomotives, 2. Cars— passenger, 4; baggage, etc., 2; freight (flat), 4
—total, 10.
Operations, year ending June 30, 1901.— Trains run (mixed), 14.840 miles. Passengers carried, 28,430; carried
one mile, 274,957. Tons freight moved, 17,589; ton-miles, 172,196. Earnings (passenger, $9,145; freight, $24,026;
other, $1,183), $34,454. Operating expenses, $27,526. Net earnings, $6,828. Payments : Taxes, $2,390. Surplus,
$4,438; surplus forward, $8.150; net surplus, $12,588.
General Balance Sheet, May 31, 1899 (latest rendered).— Capital stock ($100 shares), $250,000; funded
debt, $325,000 ; current liabilities, $1,324 ; accrued interest, $28,325— total, $604,649. Contra : Cost of road and
equipment, $583,344 ; cash and current assets, $7,085 ; profit and loss, $14,220— total, $604,649.
Funded Debt and Plan of Reorganization. — The funded debt outstanding on June 30, 1901,
consisted of $250,000 1st 6s of Feb. 2, 1921, and $75,000 2d 6s of May 1, 1924. Default was made on 2d mtge.
interest in May, 1899, and on 1st mtge. interest in Feb., 1902. A suit lo foreclose the 1st mortgage resulted in
the appointment on June 8, 1902, of a receiver (who was already in possession under a foreclosure action brought
by2d mortgage trustee) and an order of sale returnable July 24, 1902. A plan of reorganization has been proposed
in the interest of the 1st mortgage bondholders and extinguishing the 2d mtge. bonds and the capital stock.
Under this plan it is proposed to reorganize the company with a snare capital of $250,000 and to issue $250,000
new 1st mtge. bonds, bearing 3 p. c. interest, these bonds to be issued at par to holders of ofd 1st mtge. bonds.
The disposition to be made of the new capital stock is not stated. The holders of more than four-fifths of the
1st mtge. bonds had assented to this plan on May 21, 1902, and it was expected that the plan would be fully
agreed to and all arrangements made for issuing the new securities by July 1, 1902.
Directors.— Carl Amann, Alfred Dolge, E. A. Brown, Ernest Polscher, Julius Breckwoldt, Edward Dedicke,
Theo. II. Roth, Dolgeville, N. Y.; E. R. Wanckel, Karl Fink, New York, N. Y.; Titus Sheard, W. G. Milligan,
J. S. Barnet, J. J. Gilbert, Little Falls, N. Y. OFFICERS : CHAS. SULLIVAN, Receiver & Supt., Dolirevillo, N. Y. ;
CARL AMANN, Pres., New York, N. Y. ; Titus Sheard, 1st Vice-Pres., Little Falls, N. Y.; Alfred Dolge, 2d Vice-
Pres., Dolgeville, N. Y.; E. R. Wanckel, Sec. & Treas., New York, N. Y. GENERAL OFFICE, Dolgeville, N. Y.
LIVONIA AND LAKE CONESTJS RR.-Erie Junct. to West Livonia, N. Y., 1.5 m.; West
Livonia to Livonia Breaker of the Retsof Mining Co., 1.5 m.— total, 3 miles. Gauge, 4 ft. 8} in. Rail (steel).
70 Ibs. Chartered Aug. 5, 1895, to build from West Livonia to a point on Conesus Lake near the town of Lakeville.
Road opened Feb. 1, 1896. Not in operation since the latter part of June, 1899, owing to the closing of the West
Livonia salt plant.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $60,000 ; current liabilities, $62 ;
—total, $60,002. Contra: Cost of road, $60,000; profit and loss, $62— total, $60,062.
Directors.— E. L. Fuller, C. R. Fuller, H. H. Sivelly, Scranton, Pa.- Milo M. Bekling, Milo M. Belding, Jr.,
Wm. B. Putney, New York, N. Y.; J. N. Smith, Lynn, Mass.: D. Hyman, Rochester, N. Y.; H. D. Fuller, Bayonne,
N. J. OFFICERS : E. L. FULLER, Pres. <& Treas.; H. H. Sivelly, Stc., Scranton, Pa.; D. Hyman, Supt. & Gen. Ffft.
Agt., Livonia Station, N. Y. GENERAL OFFICE, Scranton, Pa.
McKEESPORT CONNECTING RR.-In McKeesport, Pa., 0.58 m.; total track (steel: 80 Ibs.), 1.08
miles. Gauge, 4 ft. 8i in. Chartered March 20, 1889; road opened March 1, 1891. Projected from McKeesport to
Port Perry, Pa.. 4 miles. Locomotives (leased, 2), 5. Freight cars (flat), 56.
Operations, year ending June 30, 1901.— Earnings (freight), $61,106. Operating expenses, $60,481. Net
earnings, $625. Surplus. $625; surplus forward, $7,606; net surplus, $8,231.
General Balance Sheet, June 30, 1901 .—Capital stock ($100 shares), $40,000; current liabilities, $28,286;
profit and loss, $8,331— total, $7C,617. Contra : Cost of road and equipment, $59,150 ; cash and current assets,
117,367-total, $76.517.
Directors (elected Jan. 88, 1902).— E. C. Converse. New York, N. Y.; John D. Culbertson, Wm. H. Latshaw,
J. F. Towneend, C. I. O'Connor, F. J. Hearne, Wm. B. Schiller, Pittsburgh, 'Pa. OFFICERS: F. J. "~
180 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Wm. B. Schiller, Vice-Prr*.; Taylor Alderdice, Gen. Mgr. ; A. T. Stewart, Sec. & Treat.: i. F. Townsend, Traf.
,l/'//-., Pittsburgh, Pa.; R. B. Vincent, And., McKeesport, Pa. GENERAL OFFICE, Pittsburgh, Pa.
McKEESPORT TERMINAL RR.— In McKeesport, Pa., 0.51 m.; total track (steel; 75 Ibs.), 0.75
mile. Gauge, 4 ft. 8j in. Organized July 30, 1896; road opened Jan. 1, 1897. Locomotive, 1. Cars— freight (flat,
6; coal, 3), 9.
Operations, year ending June 30, 1901.— Tons freight moved, 193,852. Earnings (freight), $11,944. Oper-
ating expenses, $((,910. Surplus, 85,034.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100,000 anth.; $50 shares), $12,000; profit
and loss, $8,255— total, 820,255. Contra: Cost of road, $10.555; equipment, §9,700— total, $20.255.
Directors.— Richard G. Wood, McKeesport, Pa.; Wm. T. Graham, Wallace P. Bache, John A. Topping,
Frederick S. Wheeler, New York, N. Y. OFFICERS : RICHARD G. WOOD, Pres., McKeegport, Pa.; Wallace P.
Bache, Vice-Pres. ; Frederick S. Wheeler, Sec. & Treat. ; Isaac M. Scott, Aud., New York, N. Y. GENERAL
OFFICE, McKeesport, Pa.
MANAHAWKIN AND LONG BEACH TRANSPORTATION CO.-Chartered Dec. 30,
1893. Leases the Barnetrat RR. (see appended statement). Locomotive,!. Cars (passenger, 1 ; baggage, etc., 1;
freight flats, 2), 4. Capital stock, $8,900; no bonds.
Operations, year ending June 30, 1901.— Earnings (passenger, $4,648 ; freight. S2.616; other, §59), $7,323.
Operating expenses, $0,712. Net earnings, §611. Deductions, $888. Deficit for year, $277.
BARNEGAT RR. — Barnegat City June, to Barn-
egat City, N. J., 8.71 miles. Gauge, 4 ft. 8i in.
Operated by the M. & L. B. T. Co., under a lease
dated March 14, 1894, and renewable from year to
year, at a rental of $100 a year. (See Manual for
loss, $158— total, $50,158. Contra: Cost of road, etc.,
$50,000; cash, $158— total, $50,158. W. J. Sewell,
Pres., Camden, N. J.; F. W. Schwarz, Sec.; John
M. Wood, Treas., Philadelphia, Pa. Office, Broad
Street Station, Philadelphia, Pa.
1895, page 1388.) Capital stock, $50,000; profit and
Directors (M. & L. B. T. Co.).— J. K. Shoemaker, H. C. Loudenslager, Thomas Callahan, Francis Feni-
more, B. F. Archer, Camden, N. J.; J. Hampton Moore, W. H. Sayen, J. Martin Rommel, John Roberts,
Philadelphia, Pa.; F. P. Abercrombie, Jersey City, N. J. OFFICERS: J. K. SHOEMAKER, Prex.; B. F. Archer,
Vtce-Pres.; Francis Fenimore, Gen. Mgr., Harvey Cedars, N. J.; H. C. Londenslager, Sec.; J. Hampton Moore,
Treas., Philadelphia, Pa. GENERAL OFFICE, 1414 Penn Square, Philadelphia, Pa.
MARINE RY.— Manhattan Beach Hotel to Brighton Beach, Coney Island. N. Y., 0.444m.; sidings, 0.038
mile. Gauge, 4 ft. 8i in. Rail (steel), 62^1 bs. Chartered Feb. 27, 1878 ; road opened July 19, 1878. Locomotive,
1. Cars (passenger), 4.
Operations, year ending June 30, 1901.— Passengers carried, 147,414. Earnings (passenger), 87,371. Oper-
ating expenses, §13,867; taxes, $45— total, $13,912. Deficit, $6,542; add depreciation in value of property, §81,277
—total, $87,819. Surplus from June 30, 1900, $8,473 ; additions during year, $9,396— total, $17,809. Net deficit,
June 30, 1901, $69.950.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $50,000; open accounts, $34,032;
taxes accrued, $9— total, $84,041. Contra : Cost of road and equipment, $11,472 ; cash and current assets, $2,618;
profit and loss, $69,950— total, $84,041.
Directors.— Austin Corbin, Geo. S. Edgell, J. K. O. Sherwood, W. G. Bosworth, New York, N. Y.; M. A.
Smith, W. J. Kelly, Brooklyn, N. Y.; D. S. Voorhees, Woodbridge, N. J. OFFICERS : GEO. S. EDGELL, Pres.;
Austin Corbin, Vice-Pres.; W. G. Bosworth, Treas.; D. S. Voorhees, Sec., New York, N. Y. GENERAL OFFICE,
192 Broadway, New York, N. Y.
MARYLAND AND PENNSYLVANIA RR.-Baltimore to York, Pa., 80 m.; Delta to Peach
Bottom, Pa., 4 m.; Dallastown June, to Dallastown, Pa., 1.2 m.— total, 85.2 m.; total track (steel; 56 and 70 Ibs.),
91.31 miles. Gauge, 4 ft. 8| in. Consolidation, Feb. 14, 1901, of the Baltimore and Lehigh Ry. Co. (see MANUAL
for 1900, page 187) and the York Southern RR. Co. (see MANUAL for 1900, page 212). Locomotives, 6. Cars
— passenger, 18; baggage, mail, and express, 4; freight (box, 74; stock, 4; flat, 11; coal, 15; other, 2), 107; ser-
vice, 2— total, 131.
Operations, year ending June 30, 1901.— Trains run (passenger. 61,335 ; freight, 18,576 ; other, 18,484),
98,395 miles. Passengers carried, 82,121 ; carried one mile, 1,140,736. Tons freight moved, 77,276 ; ton-miles,
1,037,829. Earnings (passenger, $38,617: freight, $5 1,009 ; other, $4,829). 894,51 5. Operating expenses, $62.008.
Net earnings, $32,447; other receipts, $577— total, $33,024. Payments : Interest on bonds, $21,332; taxes, §2,588
— total, $23,920. Surplus, $9,103 ; surplus forward ($9,758, less deductions during year, $1,482), $8,276— total,
ft!7 379
' General Balance Sheet, June 30, 1901.— Capital stock (33,600,000 anth.; §100 shares). Sl.602,500; funded
debt, $1,699,950 ; current liabilities, $27,464 ; interest accrued, $18,614; profit and loss, $17,380— total, §3,365.908.
Contra: Cost of road and equipment, $3,220,769; materials, etc., §8,440; cash and current assets, $136, M9— total,
$3,365.908.
Funded Debt outstanding, June 30, 1901, consisted of $249,950 ($47,500 series A, int. A. & O., and $202,500
series B, int. M. & N.) York and Peach Bottom Ry. 5s of April 1, 1932; §550,000 1st gold 4s of March 1, 1951. int.
M. & S. ; and $900,000 income 4s of April 1, 1951, int. (cumulative), A. & O. The authorized issue of the 1st mtge.
4 p. c. bonds is $1,200,000 (reduced from $2,700,000 on Jan. 28, 1902), bonds amounting to $250.000 being reserved
for the retirement, at or before maturity, of the two series of York and Peach Bottom Ry. bonds, and the balance
for future needs of the company. The company reserves the right to redeem the 1st mtge. bonds at 105 and interest,
and the income bonds at par and interest.
Directors (elected Jan. 28, 1902).— J. Wilson Brown, W. W. Spence, W. B. Brooks, George C. Jenkins,
Sol. Frank, Henry E. Young. John K. Cowen, J. W. Hall, Baltimore, Mel.; Howard E. Young, Hanover, Pa.;
H. C. Niles, York. Pa. OFFICERS : J. WILSON BKOWN, Pres.; W. B. Brooks, Vice-Pres. ; John McHenry, Sec.
& Treas.; T. H. Fitchett, Asst. Treas.; J. K. Shinn, Auditor, Baltimore, Md. GENERAL OFFICE, Baltimore, Md.
MASSENA TERMINAL RR.— Massena Springs, N. Y., to Power House of St. Lawrence Power
Co., 2 miles. Gauge, 4 ft. 8i in. Rail (steel). 56 Ibs. Chartered April 30, 1900; road built same year. Cars from
connecting roads are run over this line at irregular intervals, but the company derives no revenue therefrom.
The road will be regularly opened for business when the power plant of the St. Lawrence Power Co., is running.
Capital stock ($100 shares), $250,000; funded debt (1st 5s of May 1, 1930, int. M. & N.), $150,000— total stock and
bonds. $400,000. Trustee of bonds: Standard Trust Co., New York, N. Y.
Directors.— Wm. F. Zimmerman, T. A. Gillespie, Henry P. Davison. Charles R. Hebard. F. J. Gubelman.
Robert A. Johnston, Frank L. Townsend, W. B. Wreaks, E. W. T. Gray, New York. N. Y. OFFICERS : WM. F.
ZIMMERMAN, Pres.; T. A. Gillespie, Vice-Prta.; Henry P. Davison, 2d Fice-Pres.; Charles R. Hebarfl, Sec. &
Treas., New York, N. Y. GENERAL OFFICE, Massena, N. Y.
MEDIX RUN RR.— MedixRun to Huntley'e Camp, Pa., 8 m.; spur, 0.5m.— total, 8.5m.; total track
(steel ; 40 Ibs.). 9.5 miles. Gauge, 4 ft. 8 in. Chartered Feb. 7, 1895 ; road opened in Sept., 1893. (,See MANUAL
for 1899, page 229.) Locomotives, 2. Cars (flat, 4; logging, 20), 24.
Operations, year ending June 30, 1901.— Earnings (freight), $1,558. Operating expenses, $2,249. Deficit,
$691.
POOR'S MANUAL OF RAILROADS. 181
General Balance Sheet, June 30, 1901.— Capital stock paid in ($80,000 auth.; $50 shares), $70,300;
current liabilities, §11,671— total, $81,871. Contra: Cost of road, $54,247 ; equipment, $18,058 ; materials, etc.,
$4i'; profit and loss, $15,536— total, $81,871.
Directors.— Geo. E. Dodge, New York, N. Y.; J. H. Price, J. S. Purdy, Medix Run, Pa.; Isaac S. Case,
N. S. Brittain, Geo. H. Rhoads, Tobyhanna, Pa.; G. W. Huntley, Driftwood, Pa. OFFICERS : GEO. E. DODGE,
Pres.; Wm. J. Hunt, Sec., New York, N. Y.; J. H. Price, Treas. & Gen. Supt.; J. S. Purdy, And., Medix Run,
Pa. GENERAL OFFICE, Medix Run, Pa.
MERCER VALLEY RR.— Hickory Township, Mercer Co., Pa., to connection wirti Erie RR. and with
Erie and Pittsburgh RR., 5 miles. Gauge, 4 ft. 8£ in. Rail (steel), CO Ibs. Locomotives, 2. Number of cars,
not reported. Chartered Jan. 3, 1900. Capital stock authorized and subscribed, $30,000.
Directors.— F. H. Buhl, John Stevenson, Jr., David Adams, Sharon, Pa. ; Wm. Flinn, Geo. W. Dorr,
Pittsburgh, Pa. OFFICERS: F H. BUHL, Pres. ; David Adams, Sec. & Treas., Sharon, Pa. GENERAL OFFICE,
Sharon, Pa.
MIDDLEBURO- AND SCHOHARIE RR.— Middleburg to Schoharie, N. Y., 5.33m.; total track
(steel, 5.33 m.), 6.33 miles. Rail, 45 and 56 Ibs. Gauge, 4 ft. 8fr in. Chartered May 8, 1867 ; road opened Oct. 19,
1868. Locomotive, 1. Car? — passenger, 1 ; service, 1 — total, 2.
Operations, year ending June 30, 1901.— Passengers carried, 12,980; carried one mile, 68,344. Tons freight
moved, 5,125 ; ton-miles, 27,310. Earnings (passenger, $4,123 ; freight, $4,702 ; other, $603), $9,488. Operating
expenses, $6,676. Net earnings, $2,812. Payments: Interest on bond?, $900; taxes, $606; dividend (2 p. c., paid
Oct. 15, 1901), $1,740— total, $3,246. Deficit, $434 ; surplus forward, $6,155 ; net surplus ($5,720, less sundry
charges, $2,700), $3,020.
General Balance Sheet, June 30, 1901.— Capital stock ($100,000 auth. ; $100 shares), §87,000 ; funded
debt (refunding 5s of May 1. 1916, int. M. & N.), $18,000; dividend unpaid, $161; current liabilities, $150; profit
and loss, §3,020— total, $108,331. Contra: Cost of road and equipment, $103,575 ; bills receivable, $1,142 ; cash,
$3,039; current assets, $575— total, $108,331.
Directors (elected March, 1902).— G. N. Frisbie, Duryea Beekman, G. L. Danforth, Dow Beekman, J. L.
Engle, W. E. Bassler, H. A. Vroman, D. D. Frisbie, J. B. Badgley, W. H. Neville, G. D. Fris-bie, Alonzo Almy,
Middleburg, N. Y.; Emmet Haines, Fultonham, N. Y. OFFICERS : DURYEA BEEKMAN, Prat.; Daniel D. Frisbie,
Vice-Pres.; Geo. L. Danforth, Treas.; Dow Beekman, Sec., Middleburg, N. Y. GENERAL OFFICE, Middleburg,
N. Y.
MILFORD, MATAMORAS AND NEW YORK RR.-Matamoras, Pa., to Port Jervis, N. Y.,
0.15 mile. Gauge, 4 ft. 8J in. Rail (steel), 60 Ibs. Chartered June 9, 1897; road completed as above in Dec., 1898.
An extension is projected from Matamoras to Milford, Pa. This road connects with the Erie RR. at Port Jervis.
N. Y.
Operations, year ending June 30, 1901.— Tons freight moved, 14,467; ton-miles, 2,127. Earnings (freight),
$1,417. Operating expenses, $680 ; taxes, $544— total, $1,224. Net earnings, $223 ; surplus forward, $49— total
surplus, $272.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $50,000; profit and loss, $272— total,
$50,272. Contra: Cost of road, $50,000: cash on hand, $272— total, $50,272.
Directors.— A. E. Lethbridge, L. H. Smith, P. Q. Deyo, A. V. Porter, C. M. Clarke, Brooklyn, N. Y.; E.
Monthemerit, Milford, N. Y.; W. K. Ridgeway, Matamoras, Pa.; Richard Falkland, Hoboken, N. J. OFFICERS:
C. M. CLARKE, Pres. ; P. Q. Deyo, Treas. ; L. H. Smith, Sec., New York, N. Y. ; W. V. Billiard, Gen. Mgr.,
Milford, Pa. GENERAL OFFICE, 41 Pine Street, New York, N. Y.
MOHNSVILLE AND ADAMSTOWN RR.— Mohnsville to Adamstown, Pa., 8 miles. Gauge, 4
ft. 8J in. Hail (steel), — Ibs. Organized May 29, 1894; road opened in 1896-97. Locomotives, 2. Passenger cars, 3.
Operations, year ending June 30, 1901.— Earnings (passenger), $4,890. Operating expenses, $5,465.
Deficit, $575.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($75,000 auth.), §22,992 ; funded debt
(particulars not furnished), §49,860; current liabilities, $5.281— total, $78,134. Contra: Cost of road, $72,876;
cash and current assets, $75; profit and loss, $5,183 — total, $78,134.
Directors.— Esaias Billingfelt, Henry G. Mohn, John Zerbe, Elmer E. Billingfelt, S. W. Miller, L. T.
Custer, Isaac S. Spatz, Henry C. Geissler, J. B. Sterley, Wellington Van Reed, Jas. W Shepp, G. F. Mertz, V. S.
Seltzer, Reading, Pa. OFFICERS : L. T. CUSTER, Pres.; Esaias Billingfelt, Vice-Pres.; V. S. Seltzer, Sec. & Treas.;
J. H. Passmore, Gen. Mgr., Reading, Pa. GENERAL OFFICE, Reading, Pa.
MONONGAHELA CONNECTING RR.— Ormsby Station, P.. V. & C. RR., to Laughlin, B. & O.
RR.. 0.85 in.; P. & L. E. RR. connection and other branches, 4.41 m.— total, 5.26 m.; total track (steel; 80 and 90
Ibs.), 30.30 miles. Gauge, 4 ft. 8} in. Chartered in 1885 ; road opened June 1, 1887. Locomotives, 20. Freight
cars (gondola), 26; other (leased. 264), 274— total, 300.
Operations, year ending June 30, 1901.— Earnings (freight), $330,984. Operating expenses, $204,562. Net
earnings, 8120,422. Payments : Interest on bonds, $20,605; other interest, $15,184; taxes, $8,942; rentals, $174—
total, $44,005. Surplus, $82.417.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $750,000; funded debt (1st 5s of
Feb. 12, 1921, int. 12 F. & A.; $750,000 auth.), $685,000; construction and equipment, $24,646; current liabilities,
$2o.904; interest accrued, $13.224; other liabilities, $1,370; profit and loss, $105,929— total, $1,606,073. Contra :
Cost of rosidand equipment, §1.444,646; materials, etc., $42.512: ciish and current assets, 8118,915— total, $1,006,073.
Directors (elected Jan. 27, 1902).— B. F. Jones, Jr., W. W. Willock, W. L. King, W. L. Jones, J. B. Laughlin,
W. C. Moreland, Irwin B. Laughlin, Pittsburgh, Pa. OFFICERS: B. F. JONES, JR., Pres.; W. W. Willock, Vice-
Pres. & Gen. Mar.; W. C. Moreland, Sec. & Treas.; John L. Moore, And. & Pnrch. Agt.; Frank McCune, Gen.
Supt., Pittsburgh, Pa. GENERAL OFFICE, 3d Ave. & Try St., Pittsburgh, Pa.
MONTOTTR RR.— Montonr June, to North Star, Pa., 13 m.; total track (steel; 60 and 70 Ibs.), 18 miles.
Gauge, 4 ft. 8£ in. Chartered Sept. 10, 1877. Locomotives, 4. Cars -passenger, 3; freight, 110— total, 113.
Operations, year ending June 30, 1901.— Trains run (passenger, 26,018; freight, 18,900), 45,518 miles.
Passengers carried, 52,599; carried one mile, 423,931. Tons freight moved, 356,057; ton-miles, 3,553,428. Earnings
(passenger, §10.027 : freight, $42,096 ; other, $6,163), $58,886. Operating expenses, $69,759 ; taxes, $699— total,
$70,458. Deficit, $11,572.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $100,000; current liabilities, $14,182;
profit and loss, $127,073— total, $241,255. Contra: Cost of road and equipment, $235,594; current assets, $5,661—
total, $241,255.
Directors.— TJ. A. Andrews. A. M. Neeper, F. M. Osborne, F. L. Robbins, C. W. Baine, G.W. Schluederderg.
OFFICERS: F. L. ROBBINS, Pres.; F. M. Osborne, Vice-Pres.; 3. D. Nicholson, Vice-Pres.; U. A.Andrews, Treas.;
C. W. Baine, Sec. &, Avd., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
MORRIS COUNTY RR.—Charlotteburg June, to Morris Co. June., N.J., 14.5 m.; Oreland to Oreland
June., 4m. —total, 18.5 miles. Rail (steel), 60 and 70 Ibs. Gauge, 4 ft. 8} in. Road built in 1886: opened from
Green Pond to Port Oram. N. J., 12 m., in 1887. In 1888 the Charlotteburg and Green Lake RR. was acquired.
The company owns 2 locomotives, 1 combination car, and 10 flat cars.
182 POOE'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Operations, year ending Dec. 31, 1901.— Trains run (mixed), 37,280 mile* Passenger.- curried, 2,218. Tons
freight moved, 130,584. Earnings (passenger, $636 ; freight, §35,606), $36,242. Operating expenses, §35,554. Net
earning, $688.
Financial Statement, Dec. 31. 1901.— Capital stock, $300,000 ; funded debt (1st 6s of Sept., 1916), $300,-
000 ; other debt, §45.359— total, $045,359, representing cost of road and equipment.
Directors.— Joseph Wharton, Wm. It. Wharton, J. Bertram Lippincott, Robert Roger Haydock, Phila-
delphia, Pa.; Frederick Voigt, Harry C. Wenner, Cnmden, N. J.; Alexander Elliott, Jr., Paterson, N. J.; Edward
Kelly, Andrew M.Ryan, Port Oram, N. J. OFFICERS: JOSEPH WHARTON, Ptvs., I'liil
Kelly, Vice-Pres., Sec. & Treas., Port Oram, N. J. GENERAL OFFICE, Port Oram, N. J.
MOUNT HOPE MINERAL RR.— Mount Hope to Port Oram, N. J., 4.05 miles. Gauge, 4 ft. 8* in.
Rail— steel, 3.69 m., 5(5 Ibs. ; iron, 40 to 56 Ibs. Chartered March 16, 1866. The road is used exclusively for hauling
freight for the mining interests by which it is controlled. Locomotives, 3. Cars — passenger,!; service, 11. The
cars of the Empire Steel and Iron Co. are used for traffic in minerals originating on line.
Operations, year ending Dec. 31, 1901.— Ton* freight moved, 180,179. Earnings (freight), $27,935. Oper-
atine expenses, $J,852. Net earnings, $18,083 ; other receipts, §250— total, $18,333. Payments : Taxes, §518 ;
dividends (3 p. c.), $H,000— total, $8,518. Surplus, $9,815; surplus forward, $2,853— total, fc!2,667.
pr
$5,000;
Directors.— Archer Brown, Orange, "N. J.'; B. P. Fackenthal, Jr., Phillipsburg, N. J.; Leonard Peckitt,
J. M. Fitzgerald, Catasauqua, Pa.; Duke Peckitt, Port Oram, N. J.; Mark T. Cox, F. M. Jeffery, New York, N.
Y. OFFICERS: ARCHER BROWN, Pres., Orange, N. J.; Leonard Peckitt, Vice-Pres.; J. S. Stillman, Treas.; J. M.
Fitzgerald, Sec. & Traffic Mgr., Catasauqua, Pa. GENERAL OFFICE, Catasauqua, Pa.
MOUNT JEWETT, KINZUA AND RITERVILXE RR.-Mt. Jewett to Camp Halsey, Pa.,
5 in. ; switches, 2.97 m. ; total track (steel ; 50 Ibs.), 7.97 miles. Leased : Kinzua Hemlock RR., 9 m. ; Mead Run
RR.. 10.il m. ; Kushequa RR., 12.61 m.; Smethport RR.,8.17 m.— total, 39.89 miles. Total operated, 47.8(3 m.;
total track, 51.27 miles. Gauge, 4 ft. 8^ in. Chartered April 27, 1889 ; main line opened in 1889. Kinzua .Hem-
lock RR. leased Dec. 15, 1891 ; Mead Run RR., in 1897 ; Kushequa RR., in Nov., 1898 ; Smethport RR., in 1899.
The South Branch RR. Co. has joint use of this road between Mt. Jewett Tannery and the Erie RR., at a rental
of $l,150ayearuntill9i»2, and §530yearly thereafter. Locomotives, 5. Cars— passenger, 6; freight, 112— total, 118.
This equipment is leaded from the subsidiary companies. (Sea- subjoined statements.)
Operations, year ending June 33, 1901.— Trains run (passenger, 31,453 ; freight, 34,480 ; mixed, 21,098),
G-eneral Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $80,000 ; funded debt (1st 6s
issued in 1891 to amount of §80,000, int. A. & O.), $20,000 ; current liabilities, $128,515 ; interest accrued, not due,
$300— total, §228,815. Contra : Co-t of road, $91,404 ; stocks owned, $65,950 ; materials, etc., $7,188 ; cash and
current assets, $29,559 ; profit and loss", $34,714— total, $228,815.
KINZUA HEMLOCK RR.— Camp Halsey to
Westllne, Pa., 9 miles. Rail (steel), 50 Ibs. Loco-
motives, 2. Cars — passenger, 4; freight (box, 1, ;
flat, 2), 3; logging, 25; other, 1 — total, 33. Organ-
ized June 12, 1S90. Leased for 99 years from Jan.,
1892, to the Mt. Jewett, Kinzua and Riterville RR.
Co., for three-eighths of net earnings of both roads.
Balance Sheet, June 30, 1901. — Capital stock, $112,-
100; current liabilities. $1,200; profit and loss, $19,-
470 — total, $132.770. Contra: Cost of road and
equipment, $130,721; cash and current assets, $2,050
— total, $132,770. Thos. L. Kane, Pres.; Elisha K.
Kane, Sec.; Z. E. Kane, Treas., Kushequa, Pa.
Office, Kushequa, Pa.
KUSHEQUA RR.— Gaffney to McKeown Hollow,
Pa., 12.61 miles. Rail (steel), 60 Ibs. Chartered
May 3, 1898; road opened from Gaffney to McKeans,
7 m., In June, 1899; extended to McKeown Hollow
during the fiscal year ending June 30, 1900. Leased
foe 6 years from Nov.. 1898, to the Mt. Jewett,
Kinzua and Riterville RR. Co., at a rental of 12 p.
c. a year on cost of road and equipment. Loco-
motives, 4. Cars — passenger, 4; freight, 35; other,
19 — total. 58. Income, year ending June 30, 1901,
$6.227. Balance Sheet, June 30, 1901.— Capital stock
($150,000 auth. ; $50 shares), $110,700; current liabil-
ities, $44,603 profit and loss, $14.036 — total, $169,-
339. Contra: Cost of road and equipment, $169,339.
Elisha K. Kane, Pres.; Z. E. Kane, Treas.; N. C.
Cody, Sec. Office, Kushequa, Pa.
MEAD RUK RR.— Mt. Jewett to Last Camp,
Pa., 10.11 miles. Rail (steel), 50 Ibs. Chartered
April 30, 1897; road opened In 1897 and 1898.
Leased for 20 years to the Mt. Jewett. Kinzua and
Riterville RR. Co., at a rental of 50 p. c. of the
freight earnings of the road, all other earnings going
to the lessee. The South Branch RR. Co. has track-
age rights over 2.33 miles of this road at a rental of
$500 per annum. Owns 10 log and 10 flat cars. Bal-
ance Sheet, June 30, 1901. — Capital stock, $45.950;
current liabilities, $6,500; profit and loss, $14,264 —
total, $66,714. Contra: Cost of road and equipment,
$66,714. Elisha K. Kane, Pres.; Z. E. Kane, Treas.;
N. C. Cody, See. Office, Kushequa, Pa.
SMETHPORT RR. — McKeans to Smethport.
Pa., 7.04 m. — total track, 8.17 miles. Organized
March 6, 1899; road opened same year. Operated by
the Mt. Jewett, Kinzua and Riterville RR. Co. Bal-
ance Sheet, June 30, 1901. — Capital stock, $86.400;
current liabilities. $5.500; profit and loss. $2.747 —
total, $94,697. Contra: Cost of road. $93.485; cash
and current assets. $1.212 — total, $94,697. Elisha K.
Kane, Pres. ; Z. E. Kane, Treas. ; N. C. Cody, Sec.
Office, Kushequa, Pa.
Directors, Mt. J., K. <fe R. RR. Co. (elected Jan. 20, 1902).— Elisha K. Kane, N. C. Cody, C. D. Lamb. Z. E.
Kane, G. O. Burch, J. L. Cunningham, Kushequa, Pa. OFFICERS: ELISHA K. KANE, Pres. ; Z. E. Kane, Treas.;
N.C.Cody, Sec., Knshequa, Pa. GENERAL OFFICE, Kushequa, Pa.
MOUNT PENN GRAVITY RR.— Mineral Spring Park Station to summit of and around Mount
Penn, Pa., 8 m.; total track (steel; 45 Ibs.), 8.24 miles. Gauge, 4 ft. 8* in. Chartered April 26, 1889; road
opened March 31, 1890. Locomotive, 1. Cars (passenger), 9.
Operations, year ending June 30, 1901.— Trains run (passenger), 20,776 miles. Passengers carried, 69,400 ;
carried one mile, 555,200. Earnings (passenger, $13,763 ; freight, $18 ; other, §240), $14,021. Operating expenses,
$8,137. Net earnings, $5,854. Deductions, $6,333. Deficit, $479.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $100,000 ; funded debt, $99,400 ;
current liabilities, $12,577— total, $211,977. Contra : Cost of road and equipment, $151,735; cagh and current assets,
$8 ; profit and loss, §60,234— total, $211,977.
Funded debt, June 30, 1901, consisted of $60,000 lit 6i of April 1, 1901, int. A. & 0. ; and 333,400 ($40,000
auth.) 2d 6s of April 1, 1902, int. A. & O.
Directors. 7-James Nolan, 8. E. Ancona, Jesse Q. Hawley, Thot. P. Merrltt, Frank S. Livingood, M. B. Me-
Knight, James Rick, Matthias Moyer, Wm. R. Mcllvain, H. A. Muhlenberg, Jonathan G. Leinbach, John Barbey,
Ferdinand Goetz, Reading, Pa. OFFICER* : JONATHAN G. LEINBACH, P+ts. <fc Gen. Mgr. ; Matthias Moyer,
Vice-Pre*. ; Frank 8. Livinjfood, S«c. d Tnas. ; J. Ashton Parker, A»st. Otn. Mgr., Reading, Pa. GENERAL
OFFICB, Reading, Pa.
POOR'S MANUAL OF RAILROADS. 183
MOUNT PLEASANT AND LATBOBE BB.— Mount Pleasant, Pa., to Texas branch of Southwest
Pa. RR.. 1.00 mile. Gauge, 4 ft. 8t in. Rail (steel), 60 Ibs. Organized Aug. 20,1881 ; road opened In 1881. Owns
1 locomotive.
Operations, year ending June 30, 1901.— Earnings (freight), $4,371. Operating expenses, $4,371.
General Balance Sheet, June 30, 1901.— Capital stock, $13,000 ; profit and loss, $30— total, $13,030.
Contra : Cost of road, $8,217 ; equipment, $4,813— total, §13,030.
Directors.— M. M. Bosworth, W. C. Magee, C. H. Spencer, Pittsburgh, Pa. ; Philip Keller, Braddock
Township, Pa. ; Thomas Lynch, Greensbnrg, Pa. ; O. W. Kennedy, Uniontown, Pa. OFFICERS : W. F. Mc-
COOK, Pr'-s., Pittsburgh, Pa.; Philip Keller, Sec. & Treas., Braddock Township, Pa. GENERAL OFFICE, Pitts-
burgh, Pa.
NEWBUBGH, DTJTCHESS AND CONNECTICUT BB.-Dutchess June., N. Y., to Conn.
State Line, 58.84 m. ; totiil track, 69.00 mik'S. Rail— iron, 56 Ibs. ; steel (60.14 m.), 60 and 74 Ibs. Gauge, 4 ft. 8*
in. Successor, Jan. 8, 1877, to Dutchess and Columbia RR. Co. Locomotives, 9. Cars— passenger, 8 ; baggage,
etc., 4 ; freight (box, 37 ; stock, 4 ; flat, 18 ; coal, 134), 193; service, 19— total, 224.
Operations, year end'ng June 30, 1901.— Trains run (passenger, 31,898 ; freight and mixed, 107,104), 139,002
miles. Passengers carried, 70,829 ; carried one mile, 1,207,092. Tons freight moved, 119,933 ; ton-miles, 2,596,554.
Earnings (passenger, $27,387; freight, §H,022 ; other, $6,790), §105,199. Operating expenses, §124,248. Deficit,
$19,049 ; miscellaneous receipts (track rents, $53,133 ; other, $510), $53,643 ; net income, §34,594. Payments :
Interest on bonds, $11,300; other interest. $1,991; taxes, §6,689— total, $19,980. Surplus, $14,614; surplus
forward, $140,361— total, $154,975. Deduct charge for capital betterments, $5,961. Surplus, June 30, 1901, $149,014.
General Balance Sheet, June 30, 1901.— Capital stock (§500,000 common and §000,000 preferred ; $50
shares), $1,100.000; funded debt, §1,390,500 ; real estate mortgages, $32,000 ; current liabilities, $17,285 ; interest
accrued, $1,883; profit and loss, $149,014— total, $2,690,082. Contra: Cost of road and equipment, §2,647,634;
real estate, $1.223 ; materials, etc., $14.157 ; cash and current assets, $27,638— total, $2,690,682.
Funded Debt.— Funded debt, June 30, 1901, consisted of $1,164,500 ($1,625,000 auth.) income 6s of June 1,
1977, int. if earned; and $226,000 collat. trust 5s of May 1, 1921, int. M. & N.
Directors (elected Oct. 31, 1901). — John Crosby Brown, Thatcher M. Brown, William Lummis, James
Brown Potter, Wm. B. Lord, R. Somers Hayes, W. J. Doane, Clarence Cary, Wm. C. Legendre, New York,
N. Y. ; Samuel K. Phillips, G. Hunter Brown, W. A. Wells, Matteawan, N. Y. ; James Crosby Brown, Phila-
delphia, Pa. OFFICERS: JOHN CROSBY BROWN, Pres., 59 Wall St., New York, N. Y. ; G. Hunter Brown,
Vice-Pres. & Gen. Mgr. ; W. A. Wells, Sec.; H. H. Reed, Treas., Matteawan, N. Y. GENERAL OFFICE, Mattea-
wan, N. Y.
NEW CASTLE AND BTJTLEB BE.— New Castle to Mineral Ridge, Pa., 2.5 miles. Gauge, 3 ft.
Sin. Rail (steel), 60 Ibs. Organized Sept., 1881. Locomotives, 2 ; Cars, 82. Capital stock ($100 shares), §20,000,
representing cost of property.
Operations, year ending June 30,1901. — Trains run (freight), 7,488 miles ; tons freight moved, 108,748.
Earnings (freight), S9.236. Operating expenses, $10,212. Deficit, $916.
Directors (elected June 30, 1901).— E. N. Ohl, W. H. Marquis, Edwin F. Norris, New Castle, Pa. OFFICERS :
E. N. OHL, Pres. ; W. H. Marquis, Vice-Pres.; Edwin F. Norris, Sec. & Treas., New Castle, Pa. GENERAL
OFFICE, New Castle, Pa.
NEW HAVEN AND DTJNBAB BB. -B. & O. RR. June, to Deer Lick Ford, Pa., 2.3 m. ; S. W. P.
RR. to Irishtown Run, 0.02 in. ; Dunbar Furnace Co. stockhouse to Limestone, 1.47 m. ; Hill Farm to Parrish,
Pa., 0.83m.— total. 5.25 m.: total track (steel; 80 Ibs.), 10.5 miles. Gauge, 4 ft. 8J in. Organized Nov. 22, 1892.
Locomotives, 4. Cars— freight (flat, 8 ; coal, 29), 37 ; service, 1— total, 38.
Operations, year ending June 30, 1901.— Trains run (mixed), 38,010 miles. Tons freight moved, 452,129 ;
ton-miles, 2,878,077. Earnings (freight), $29,375. Operating expenses. §38,054. Deficit, $8,079.
General Balance Sheet, June 30, 1901.— Capital stock paid m (§40,000 auth. ; §50 shares), §8,000 ; cur-
rent liabilities, $78,893— total, $86.392. Contra: Cost of road, §36,554; equipment, §23,537; cash and current
assets. $237 ; profit and loss, §26,064— total, 886,392.
Directors.— Rodman Wister, John N. M. Shimer, W. C. Harris, Philadelphia, Pa. ; Frank A. Hill, Roan-
oke, Va. OFFICERS : JOHN N. M. SHIMER, Pres. ; W. C. Harris, Sec., Philadelphia, Pa. ; Frank A. Hill, Treas.,
Roanoke. Va. ; S. G. Valentine, Asst. Gen. Mgr., Dunbar, Pa. GENERAL OFFICE, Bullitt Building, Phila-
delphia, Pa.
NEWPOBT AND SHEBMAN'S VALLEY BB.— Newport to New Germantown, Pa., 28.50 m.;
total track (steel ; 40 Ibs.), 30.07 miles. Gauge, 3 ft. Chartered July 30, 1890 ; road opened as above, Dec. 31,
1892. (See MANUAL for 1893.) Locomolives, 2. Cars— passenger, 2; freight (box, 12; stock, 11; flat, 17;
coal, 19), 59 ; other, 6 ; service, 30— total, 97.
Operations, year ending June 30, 1901.— Trains run (mixed), 48,213 miles. Passengers carried, 33,107 ;
carried one mile, 259,582. Tons freight moved, 42,065 ; ton-miles, 820,148. Earnings (passenger, $7.386; freight,
$22,300; other, $2,262), $31,948. Operating expenses, $25,321. Net earnings from operations, $0,627. Deficit,
$4,323; deficit forward, $8,512— total, $12.h35.
General Balance Sheet, June 30, 1901.— Capital stock (§180.000 auth.; $50 shares), $131,468; funded
debt, $190,000 ; current liabilities, §55,516 ; equipment obligations, $10,357— total, $387,341. Contra: Cost of road
and equipment, $370,650 ; cash and current assets, $3,856 ; profit and loss, $12,835— total, §387,341.
Funded Debt.— Funded debt, June 30, 1901, consisted of $125,000 1st 5s of 1910, int. J. & J.; and $65,000
($70,000 auth.) 2d 4s of 1921, int. A. & O.
Directors (elected Jan. 7, 1902).— H. H. Bechtel, Cincinnati, O. ; J. L. Mitchell, Philadelphia, Pa.; H. A.
Moore, George Fleisher, Dr. S. E. Whitmer. John Fleisher, Newport, Pa. OFFICERS : DAVID GRING, Pres.,
Newport, Pa.; II. H. Bechtel, Vice-Pres., Cincinnati, O. ; Horace Beard, Sec.; C. K. Miller, Treas., Newport, Pa.
GENERAL OFFICE, Newport, Pa.
NEW YOBK AND OTTAWA BB.— Tupper Lake to Nyando, St. Lawrence River, N. Y., 68.40 m. ;
total track (steel ; 50 and 05 Ibs.), 73.77 miles. Gauge, 4 ft. 8£ in. Chartered Oct. 29, 1897; road opened to St. Law-
rence River, Sept. 28, 1898. (See MANUAL for 1899, page 232.) The bridge across the St. Lawrence River, connecting
the New York and Ottawa RR. with the Ottawa and New York Ry., was opened for traffic Oct. 1, 1900, thereby
making direct connection between the cities of New York and Ottawa ria New York Central and Hudson River
RR. The Canadian part of the bridge is owned by the Ottawa and New York Ry. Co. (see GENERAL INDEX), and
the American part by the Cornwall Bridge Co., a New Jersey corporation. Both are controlled by the New York
and Ottawa RR. Co., through ownership of their ptocks. The property of this company was placed in the hands
of a receiver on April 25, 1900. Locomotives, 8. Cars— passenger, etc., 11; freight (box, 120 ; flat, 94), 214 ;
service, 12— total, 237.
Operations, year ending June 30, 1901.— Trains run (passenger, 69,979 ; freight, 32,453 ; mixed, 28,032 ;
other, 10,990), 147.460 miles. Passengers carried, 47,475; carried one mil«, 864,490. Tons freight moved, 80,555 ;
ton-miles, 2.411,800. Earnings (passenger, $30,849 ; freight, $57,380 ; other, $7,853), $96,082. Operating expenses,
$173,612. Deficit (S77.530 ; taxes, $4,8'J8), $82,358 ; deficit forward, §1,607— total, $83,965.
Beceiver's Balance Sheet, June 30, 1901.— Receiver's certificates, $436.600; current liabilities, $266,-
489-totai, $702,929. Contra : Cost of equipment, $29,400 ; securities owned, §500.000 ; materials, etc., $6,881 ;
cash and current assets, $80,838 ; profit and loss, $83,065— total, $708,91*9.
184 POOR'S MANUAL OF RAILROADS— MIDDLE ATLANTIC GROUP.
General Balance Sheet, April 25. 1000 (Meet rendered).— Capital stock paid in ($3,000.000 aiith.-
$100 Hhare*), $2,540,000 ; funded debt, $2,360,000 ; current liabilities, $13,720; interest aicruni. >KI-J..VJK— total,
$5,010,248. Contra : Cost of road and equipment, $2,740,000 ; securities owned, $2,160,000 ; sundry accounts,
profit and loss, $106. 867 -total, $5,016,248.
Funded Debt.— Funded debt, April 25, 1900, consisted of $1,728,000 1st gold 4s of Nov. 1, 1917, int. M. A:
N.; and §032, 000 2d and collateral trust gold 6s of July 1, 1912, int. M. & N.
Directors.— Geo. Foster Peabody (chairman), Geo. Barclay MoflEat, Spencer Trask, Alexander M. White,
Jr., R. Burnham Moffat, Acosta Nichols, New York, N. Y. ; Henry W. Gays, Ottawa, Ont. ; Henry Sanger
Snow, Brooklyn, N. Y. ; Charles J. Peabody, Englewood, N. J. OFFICERS OF THE RECEIVERSHIP : HENRY W.
GATS, Receiver, Ottawa, Ont. ; George B. Colpas, Asst. Treas. & And. PRINCIPAL OFFICE, Moira, N. Y.
GENERAL OFFICE, Ottawa, Ont.
NEW YORK AND PENNSYLVANIA RR.— Canisteo, N. Y., to Ceres, N. Y., 57 miles. Gauge,
4 ft. 8J in. Rail (steel), 60 and 65 Ibs. Consolidation, June 22, 1896, of the Olean, Oswayo and Eastern and the
New York and Pennsylvania RR. Cos. (See MANUAL for 1897, page 844.) The extension from Oswayo to
Millport, 5.9 m., was built in 1898 ; that from Millport, Pa., to Shingle House, Pa., 4.8 in., in the fall of 1900,
and the one from Shingle House, Pa., to Ceres, N. Y., 5 m., in 1901. Locomotives, 5. Cars — combination, 3 :
freight (flat), 33— total, 36.
Operations, year ending June 30, 1901.— Trains run (passenger, 66;917 ; mixed, 30,840), 97,757 miles. Pas-
sengers carried, 53,423; carried one mile, 1,021,118. Tons freight moved, 94,371 ; ton-miles, 2,192,376. Earnings
(passenger, $20,158 ; freight, $61,149; other, $3,854), $85,162. Operating expenses, §92,934. Deficit from operation,
$7,772. Deductions : Interest on bonds, §19,856 ; taxes, $2,467— total, $22,323. Deficit for year, $30,095 ; deficit
forward, $7,630 — total, $37,725.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000 ; funded debt (1st 4s of
July 1, 1917), $500,000; current liabilities, £32,756 ; unpaid coupons, $20,160— total, $1,052,916. Contra: Cost of
road and equipment, $1,000,000 ; cash and current assets, $15,191 ; profit and loss, $37,725— total, §1,058,916.
Default and Receivership.— Two interest payments being in default, the property was placed in the
hands of a receiver on Feb. 14, 1902, in a suit to foreclose the mortgage.
Directors (elected June 3, 1901).— Morris S. Chase, Whitesville, N. Y.; Howard Cobb, Fordyce A. Cobb,
Ithaca, N. Y. ; Theodore Cobb, Spring Mills, N. Y.; 8. E. Crittenden, W. W. Crittenden, A. B. Payne, Oswayo,
Pa.; William Cobb, Benton McConnell, William Richardson, Claude M.Jones, Hornellsville, N. Y.; Frank Flohr,
Canisteo, N. Y.; Geo. M. Webster, Greenwood, N. Y. OFFICERS : GEORGE R. BROWN, Receiver, Canisteo,
N. Y. ; WILLIAM COBB, Pres.; Benton McCounell, Vice-JPres.;I. W. Near, Sec.; William Richardson, Treas.,
Hornellsville, N. Y. GENERAL OFFICE, Hornellsville, N. Y.
NIAGARA JUNCTION RY.— Port Day to Fletcher's Corners, N. Y., 5.34m.; total track (steel; 80
Ibs.), 12.77 miles. Gauge, 4 ft. 8i in. Chartered May 28, 1892 ; road built same year. Locomotives, 2. Cars-
freight (flat), 8.
Operations, year ending June 30, 1901.— Earnings (freight), $30,621. Operating expenses, $15,705. Net
earnings, $14,916 ; other receipts, $185— total, $15,101. Payments : Interest on debt, $8,157 ; taxes, $2,964—
total, $11,121. Surplus, $3,980 ; deficit forward ($21,447 ; credits during year, $1,961), $19,486 ; net deficit, $15,506.
General Balance Sheet, June 30, 1901.— Capital stock ($160,000 common, $140,000 preferred ; $100
shares), $300,000 ; current liabilities, $150,430 ; accrued interest, $22,050 ; accrued taxes, $1,495— total, $473,975.
Contra : Cost of road and equipment, $440,026 ; materials, etc., $7,062 ; cash and current assets, §11,381 ; profit
and loss, $15,506— total, $473,975.
Directors (June 4, 1901). — Edward D. Adams, George S. Bowdoin, Charles F. Clark, Charles Lanier,
Joseph Larocque, D. O. Mills, William B. Rankine, Francis Lynde Stetson, Frederick W. Whitridge, Edward A.
Wickes, John Jacob Astor, Daniel O'Day, Victor Morawetz, New York, N. Y. OFFICERS : D. O. MILLS, Pres.;
Edward A. Wickes, 1st Vice- Pres.; Win. B. Rankine, Zd Vice-Pres. & Treas. ;F. L. Lovelace, Sec.; W. Paxton
Little, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE, Niagara Falls, N. Y.
NITTANY VALLEY RR.— June. B., N. & L. RR. to Ore Banks, Pa., 4.75 m. ; total track (steel ; 56
Ibs.), 7.62 miles. Gauge, 4 ft. 9 in. Chartered March 15, 1887 ; road opened in 1888. Locomotives, 3. Cars
(ore), 10.
Operations, year ending June 30, 1901.— Tons freight moved, 4,792 ; ton-miles, 22,762. Earnings (freight),
$1,268. Operating expenses, $1,518. Deficit from operations, $250. Charges : Interest on bonds, $4,500 ; other
interest, §27 ; taxes, $123 ; other charges, $78— total, $4,728. Deficit, $4,978.
General Balance Sheet, June 30, 1901.— Capital stock (§50 shares), §75.000 ; funded debt (1st 6s of 1917,
int. A. & O.), $75,000 ; current liabilities, $23,101 ; profit and loss, $10,380— total, $183,481. Contra : Cost of road
and equipment, $182,338 ; cash and current assets, $1,143— total, $183,481.
Directors (elected Jan. 7, 1902).— Jones Wister, J. N. M. Shinier, W. Rotch Wister, Samuel Bispham,
H. C. Brown, H. E. Yonng, Philadelphia. Pa.; A. H. Childs, Pittsburgh, Pa. OFFICERS : JONES WISTER, Pres.;
M. W. Walsh, Sec. <fe Treas., Philadelphia, Pa.; M. J. Gardner, Supt., Bellefonte, Pa. GENERAL OFFICE, 672
Bullitt Building, Philadelphia, Pa.
NORTH BEND AND KETTLE CREEK RR.— North Bend to Summit, Pa., 16.80 m. ; Greenlick
to Osborn, 4.5 m. ; Oleona Junction to Big Spring, 5 m. ; Little Greenlick to Francis, 3m.; Italee to Laurel Fork,
3 m.— total 32.30 m. ; total track (steel ; 45 and 60 Ibs.), 37.30 miles. Gauge, 4 ft. 8J in. Organized April 24, 1893;
road opened in 1894. Locomotives, 2. Cars— passenger, 3 ; freight (flat, 9 ; coal, 17 ; log, 59 ; road, 2), 87—
total, 90.
Operations, year ending June 30, 1901.— Earnings (passenger, $1,772 ; freight, $9,217), $10,988. Oper-
ating expenses, $20,501. Deficit ($9,513 less miscellaneous receipts, $5,905), $3,608 ; deficit forward, $48,865
—total, $52,472.
General Balance Sheet, June 30, 1901.— Capital stock ($150,000 auth. ; §50 shares), $75,000 ; current
liabilities, $235,208 ; profit and loss, $52,472— total, $.362,680. Contra : Cost of road and equipment, $305,826 ;
materials, etc., $4,382 ; profit and loss, $52,472— total, $362,680.
Directors (elected Jan. 12, 1902). — Wm. Howard, A. P. Perley, Williamsport, Pa. ; L. R. Gleason, Canton,
Pa. ; Chas. Gleason, Driftwood, Pa. ; Jas. Gleason, I. W. Gleason, F. A. Blackwell, Gleasonton, Pa. OFFICERS :
WM. HOWARD, Pres., Williamsport, Pa. ; Rob't C. Lippincott, Vice-Pres., Philadelphia, Pa. ; A. P. Perley,
Treas., Williamsport, Pa. ; I. W. Gleason, Sec.; F. A. Blackwell, Cfen. Mgr.; R. F. Blackwell, Aud., Gleason-
ton, Pa. GENERAL OFFICE, Gleasonton, Pa.
NORTHERN LIBERTIES RR.— In Pittsburgh, Pa., 0.67 mile. Gauge, 4 ft. 8} in. Chartered Aug. 7,
1896. Locomotives. 2. Cars, 54.
Operations, year ending June 30, 1901.— Earnings, $54,006. Operating expenses, $30,868. Net earnings,
$23,138. Deductions, $17,057. Surplus, $6,081.
General Balance Sheet, June 30, 1901.— Capital 6t9ck, $5,000 ; .current liabilities, $19,263; profit and
loss, $7,448— total, $31,711. Contra: Cost of road and equipment, $15.072; materials, etc., §1,253; cash and
current assets, $15,386— total, §31,711.
Directors.— John S. Keefe, Chicago, 111.; Wm. P. Palmer, Cleveland, O.; W. L. Hirsch, S. W. Tener,
POOR'S MANUAL OF RAILROADS. 185
C. L. Miller, R. McMillan, Pittsburgh, Pa. OFFICERS : J. H. PRICE, Pres.; 8. W. Tener, Vlce-Pres., Pittsburgh,
Pa.; A. P. Allen, Sec., Chicago, lfl.; S. L. Neely, Treas., Pittsburgh, Pa.; C. A. Vogt, Aud., Cleveland, O.
GENERAL OFFICE, Pittsburgh, Pa.
NOBWOOD AND ST. LAWRENCE RR.— Norwood to Raymondville, N. Y., 7.5 miles. Char-
tered March 30, 1901 ; road opened as a freight line Nov. 1, 1901, but will be operated as a passenger road after
June 1, 1902. Capital stock, June 30, 1901 ($100,000 auth.; $100 shares), $75,000. Cost of road, same date,
$78,000.
Directors.— Charles R. Remington, Frank L. Moore, Charles H. Remington, George B. Kemp,
Francis M. Hugo, Frank Hinds, Charles M. Rexford, Warren F. Howe, Orrin E. Martin, Watertown, N. Y.
OFFICERS: CHARLKS R. REMINGTON, Pres., Watertown, N. Y. ; O. E. Martin, Vice-Pres., Norwood, N. Y.;
Francis M. Hugo, Sec.; Warren F. Howe, Treas., Watertown, N. Y. GENERAL OFFICE, Watertown, N. Y.
OHIO RIVER JUNCTION RR.— Rochester to New Sewickley, Pa., 3.40 miles. Gauge, 4 ft. 8^ in.
Rail (steel), 60 and 80 Ibs. Chartered Jan. 18, 1898 ; completed as above in 1899. Locomotives (leased, 1), 2.
Gross earnings, year ending June 30, 1901, $10,213. Operating expenses, $11,529. Deficit from operation, 81,310.
General Balance Sheet, June 30, 1901.— Capital stock, $250,000 ; current liabilities, $11.705— total,
$261,705. Contra: Cost of road, $104,287; cash and current assets, $154,495 ; sundries, $1,813 ; profit and loss,
$1,110— total, $261,705.
Directors.— J. H. Park, Beaver, Pa.; Wm. Bald, W. A. Park, J. S. Edwards, Rochester, Pa.; S. Morgan,
Freedom, Pa.; H. E. McLain, Pittsburgh, Pa.; John Warren, Beaver Falls, Pa. OFFICERS : WM. BALD, Pres.;
J. S. Edwards, Sec. & Treas.; W. A. Park, Gen. Mgr.; G. I. Park, Aud., Rochester, Pa. GENERAL OFFICE,
Rochester, Pa.
OTIS RY.— Otis June, to Otis Summit, N. Y., 1.35 m. ; total track (steel ; 35 Ibs.), 1.39 miles. Gauge, 3
ft. Reorganization, June 23, 1899, of the Otis Elevating Ry. (See MANUAL for 1899, page 1421.) Equipment:
1 stationary engine, 2 passenger and 2 baggage cars.
Operations, year ending June 30, 1901.— Trains run (passenger, 2,608 ; freight, 226), 2,834 miles. Pas-
sengers carried, 21,545; carried one mile, 29,086. Tons freight moved, 959; ton-miles, 1,295. Earnings (passenger,
$7,008; freight, $1,199), $8,207. Operating expenses, $4,260. Net earnings, $3,947; other receipts, $27— total,
$3,974. Payments: Interest on bonds, $3,550; taxes, $389— total, $3,939. Surplus, $35; surplus forward, $73
—total, $108.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $65,000 ; funded debt (1st 5s of July
15, 1939, int. 15, J. & J.), $71,000 ; current liabilities, $803 ; interest accrued, not due, $1,627 ; profit and loss, $108
—total, $138,538. Contra : Cost of road and equipment, $135,792 ; cash and current assets, $2,746 — total,
Directors.— Chas. L. Rickerson, Brooklyn, N. Y.; W. D. Baldwin, Yonkers, N. Y.; Wm. H. White, Jr.,
New York, N. Y. (two vacancies). OFFICERS : CHARLES L. RICKERSON, Pres., Brooklyn, N. Y.; W. D. Baldwin,
Vlce-Pres., Yonkers, N. Y.; Chas. A. Beach, Sec. & Treas.; John L. Driscoll, Supt., Catskill, N. Y. GENERAL
OFFICE, Catskill, N. Y.
OWASCO RIVER RR.— N. Y. C. Station in Auburn to D. M. Osborne & Co.'s yard in Auburn, N. Y.,
0.50 m. ; total track (steel ; 56 Ibs.), 2.14 miles. Gauge, 4 ft. 8| in. Chartered June 2, 1881 ; road opened in June,
1882. Locomotives, 2. Cars— freight (box, 8 ; flat, 9 ; coal, 2), 19.
Operations, year ending June 30, 1901.— Trains run (freight), 1,032 miles. Tons freight moved, 90,689 ;
ton-miles, 45,344. Earnings (freight), $11,042. Operating expenses, $12,289 ; taxes, $474— total, $12,763. Deficit,
$1,721 ; surplus forward, §29,184 ; net surplus, $27,463.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $30,000 ; current liabilities, $3,014;
profit and loss, $27,463— total, $<>0,477, representing cost of road and equipment.
Directors.— Thomas M. Osborne, Edwin D. Metcalf, John H. Osborne, S. V. Kennedy. S. Elliott Grant,
Frank E. Swift, C. E. Almy, Martin Lower, Wm. H. Harris, C. F. Baldwin, R. J. Brockway, Walter Beck, F. C.
Moore, Auburn, N. Y. OFFICERS : THOMAS M. OSBORNE, Pres.; John H. Osborne, Sec., & Treas. ; Edwin D.
Metcalf, Gen. Mgr., Auburn, N. Y. GENERAL OFFICE, Auburn, N. Y.
PEMBERTON AND HIGHTSTOWN RR.— Pemberton to Hightstown, N. J., 24.42 miles. Gauge,
4 ft. 8i in. Rail (steel), 50 and 60 Ibs. Chartered March 24, 1864; road opened Feb. 10, 1868. Controlled by the
Pennsylvania RR. Co. Leased to the Union Transportation Co., for three years from July 31, 1896, and from
year to year thereafter until terminated by six months' written notice from either party; rental, $1,388.79 per an-
num and cost of maintenance. (See MANUAL for 1891, page 421.) Locomotives, 2. Cars— passenger, 3; baggage,
etc.. 1; flat, 1— total, 5. Capital stock, $342,150. W. J. SEWELL, Pres., Camden, N. J.; John M. Wood, Treas.;
F. W. Schwarz, Sec., Philadelphia, Pa. GENERAL OFFICE, Broad Street Station, Philadelphia, Pa.
PEOPLE'S RY.— Pottsville to Minersville, Pa., 4.60 m.; total track (steel; 60 Ibs.), 5.16 miles. Gauge
4 ft. 8J in. Chartered April 4, 1865 ; road opened in 1871-72. Operated by Schuylkill Electric Ry. Co. and Schuyl-
kill and Lehigh Valley RR. Co. Locomotive, 1. Cars— passenger, 10 ; freight (flat), 1— total, 11.
Operations, year ending June 30, 1901.— Gross receipts (rentals, $15,264 ; other, $728), $15.992. Operating
expenses, $4,444. Net earnings, $11,548. Payments: Interest on bonds, $1,800; taxes, $712 ; dividends, $7,500
—total, $10,012. Surplus, $1.536 ; deficit forward, $12.675 ; net deficit, $11,140.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($250,000 auth.: 850 shares), $100,000 ;
funded debt (1st 5s of 1940, int. M. & N.), $36,000 ; other liabilities, $32— total, $136,032. Contra : Cost of road
and equipment, $100,534: other assets, $24,358 ; profit and loss, $11,140— total, $136,032.
Directors (elected Nov. 5, 1901). -R. C. Luther, George S. Clemens, Wm. D. Baber, J. P. Jones, L. F. Brig-
ham, Pottsville, Pa. OFFICERS: R. C. LUTHER, Pres.; W. D. Pollard, Sec., Treas. & Supt., Pottsville, Pa.
GENERAL OFFICE, 221 South Centre Street, Pottsville, Pa.
PERRY COTJNTY RR.-Duncannon to Landisburg, Pa., 22.6 m. ; total track (steel ; 60 Ibs.), 23.35
miles. Gauge, 5 It. 9 in. Chartered Feb. 4, 1887; road completed, June 1, 1892. Locomotives, 3. Cars— pas-
senger, 1 ; baggage, etc., 1 ; freight, 5— total, 7.
Operations, year ending June 30, 1901.— Earnings (passenger, $9.601 ; freight, $10,104), $19,705. Opera-
$242.240. Contra : Cost of road and equipment, $224,629 ; materials, etc., $240 ; cash and current assets, $750 ;
sundries, $16,621— total, $242,240. Funded debt, June 30, 1901, consisted of $100,000 1st 6s of July, 1917, int.
J. & J.; and $25,000 2d 6s of May, 1909, int. M. & S.
Directors.— Charles H. Smiley, Jas. Mcllhenny, H. C. Shearer, C. A. Barnett, H. E. Sheibly, H. Welcomer,
New Bloomfield, Pa.; Abraham Bower, Falling Springs, Pa.; S. M. Lightner, D. B. Milliken, Landisburg, Pa.;
Samuel Ebert, Loysville, Pa.; P. F. Duncan, Geo. Pennell, Duncannon, Pa. OFFICERS: CHAS. H. SMILEY, Pres.,
New Bloomfield, Pa.; D. B. Milliken, 1st Vlce-Pres., Landisburg, Pa.; Wm. Miller, 2f/ Vice-Pres., York, Pa.;
Jas. C. Barnett, Sec.; A. R. Johnston, Treas., New Bloomfield, Pa. GENERAL OFFICE, New Bloomfield, Pa.
186 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
PHILADELPHIA AND BBIGANTINE BB.— Brigantine June, to Brigantine Beach, N. J., 13.9
m. ; total track (steel ; GO Ibs.), 15.4 miles. Gauge, 4 ft. 81 in. Reorganization, April 1, 1896, of the Britrantine
Beach RR., which was sold under foreclosure on <june 27, 1895. (See MANUAL for 1895, page 1375.) Locomotive,
1. Car— passenger (leased), 1.
Operations, year ending Dec. 31, 1901.— Earnings (passenger, $2,629 ; freight. $3,940 ; other, $958), $7,526.
Operatmu expenses, $14,011. Deficit, $0,484 ; less other receipts, $91 ; net deficit, $6,394. Charges: Interest on
bonds $2483: discount on bonds, $100; taxes, $064— total, $3,247. Deficit for year, $9,641; deficit forward,
($45,139, less deductions during year, $100), $45,039- total, $54,680.
General Balance Sheet, Dec. 31, 1901.— Capital stock ($150,000 common and $150,000 preferred ; $100
shares), $300,000 ; funded debt (1st 5s of May 1, 1919, int. M. & N.), $50,000 ; current liabilities, $6,670 ; accrued
(interest. $2,817 ; taxes, $555), $3,371— total, $360,041. Contra: Co-t of road, $302,679; treasury stock, $2,010 ;
cash and current accounts, $672 ; profit and loss, $54,680— total, $300.041.
Directors (elected March 19, 1901). — Jas. B. Van Woert, Tunis G. Bergen, John D. Vermeule, Geo. M. Van
Hoesen, W. W. Benjamin, New York, N. Y. ; R. D. A. Parrott, Atlantic City, N. J. OFFICERS: C. P. VEDDEU,
Pres.; Tunis G. Bergen, Vice-Pres.; James B. Van Woert, Treas., New York, N. Y.; R. D. A. Parrott
H. B. Young, Aud., Atlantic City, N. J.; C. R. Van Etten, Gen. Myr., Brigantine, N. J. GENERAL OFFIC-K,
Atlantic City, N. J.
PHILADELPHIA BELT LINE BB.— Allegheny Ave. to Bridesburg, Philadelphia, Pa.; 2.66 m.;
branches, 1.14 m. ; trackage (see below), 2 m.— total operated, 5.8 m. ; total track (steel : 70 Ibs.), 6.35 miles.
Gauge, 4 ft. 8J in. Chartered May 10, 1899 ; completed as above in 1895. From Callowhill St., south to Tucker
St., on Delaware Ave., 2 m., the tracks of the River Front and Pennsylvania RRs. are used under a traffic agree-
ment made May 2, 1892. The road is projected from a point in the Twenty-sixth ward, on the Schuylkill River,
along the course of the latter to the Delaware River, and thence northwardly to Tacony, with a branch along the
Aramingo Canal to the county line.
Operations, year ending June 30, 1901.— Gross earnings, $8,890. Operating expenses, $7,434; net earn-
ings, $1,462. Payments: Dividend, $1,000 ; other deductions, $462— total, $1,462.
General Balance Sheet, June 30, 1901.— Capital stock ($102,000 common ; $98,000 preferred ; $50
shares), $200,000 ; current liabilities', $16,174— total, $216,174. Contra : Cosi of road and equipment, $215,582 ;
cash and current assets, $592-total, $216,174.
The City of Philadelphia owns 51 p. c. of the capital stock (a gift to the municipality by the stockholders),
and it is held in trust for the city by the Commercial Exchange and the Philadelphia Board of Trade. The stock
is held by the following named Board of Trustees: Samuel R. Shipley, Richard Y. Cook, Beauveau Borie, Francis
B. Reeves, Girard Trust Co. This disposition of the stock was made in order that the road may be forever con-
trolled in the interest of the trade and commerce of the city.
Directors (elected Jan. 14, 1901).— James Dobson, Charles H. Cramp, Walter F. Hagar, E. A. Hancock,
Wm. H. Jenks, Calvin Pardee, Frank L. Neall, Francis B. Reeves, W. W. Justice, J. T. Bailey, Philadelphia, Pa.
OFFICERS : FRANCIS B. REEVES, Pres.; W. F. Hagar, Vice-Prf*.; John J. Curley, Sec.; Richard Tull, Treat.;
Ashbel Welch, Gen. Mgr. GENERAL OFFICE, 308 Walnut St., Philadelphia, Pa.
PITTSBUBGH, ALLEGHENY AND McKEES BOCKS BB.-52d St. and McCandless
Ave., Pittsburgh, Pa., to a point on P. & L. E. RR. at McKees Rocks, 1.5 miles. Gauge, 4 ft. 8± in. Chartered
Sept. 25, 1899. Consolidation of the North Shore Terminal, the Pittsburgh and Allegheny, and the McKees
Rocks RR. Co. Locomotives, 5. Cars— freight (box, 16 ; flat, 1 ; coal, 9), 26.
Operations, year ending June 30, 1901.— Tons freight moved, 1,115.092. Earnings (freight), '$79,442. Oper-
ating expenses. S;'.',~00. Net earnings, $336 ; surplus forward, $3,458— total, $3,694.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($250,000 auth.; $50 shares), $60,000 : cur-
rent liabilities, $14,975 ; profit and loss, $3,694— total, $48,669. Contra: Cost of road and equipment, $30,000;
cash and current assets, $18,669— total, $48,609.
Directors.— F. N. Hoffstot, J. W. Friend, S. E. Moore, P. G. Jenks, W. S. Seibert, Pittsburgh, Pa.
OFFICERS : F. N. HOFFSTOT, Pres., New York, N. Y.; J. W. Friend, Vice-Pres.; P. G. Jenks. Sec. & Treas.,
Pittsburgh, Pa.; G. E. Macklin, Gen. Mgr., Allegheny, Pa.; 8. E. Moors, Aud., Pittsburgh, Pa. GENERAL
OFFICE, Pittsburgh, Pa.
PITTSBUBGH AND ALLEGHENY BB.— Sidings around mill. 2 miles. Organized Dec. 19,
1898. Company owns 1 locomotive and 16 freight cars. Earnings from operation year ending June 30, 1901,
$314. Operating expenses, $12,724. Deficit, $12,410.
General Balance Sheet, June 30, 1901.— Capital stock, $30.000; current liabilities, $7,562— total,
$37,562. Contra: Cost of road, $891; equipment, $13,271; lease of tracks and property, $17,500; cash and current
assets, $2,147; profit and loss, $3,753— total, $37,562.
Directors.— James H. Park, David E. Park, Charles E. Clapp, George Wright, Jr., Gilbert M. Black, Pitts-
burgh, Pa. ; Wm. G. Park, New York, N. Y. OFFICERS: JAMES H. PARK, Pres.; Charles E. Clapp, Sec. & Treat.;
John C. Rodgers, Aud., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
PITTSBUBGH AND CASTLE SHANNON BB. -Pittsburgh to Arlington, Pa., 6.5 m.; total
track (steel, 8.5m.; 50 and 60 Ibs.), 9.5 miles. Gauge, 3 ft. 4 in. Chartered Sept. 21, 1871; road opened Nov. 1,
1871. Locomotives, 5. Cars— passenger, 5; baggage, etc., 4; freight, 445— total, 454.
Operations, year ending June 30, 1901.— Trains run (passenger, 103,000 ; freight, 14,000), 117,000 miles.
Passengers carried, 1,135,106; carried one mile, 1,860,939. Tons freight moved, 106,886; ton-miles, 320,658.
Earnings (passenger, $50,047; freight, $57,703; other, $1,812), $110,162. Operating expenses, $68,940. Net earn-
ings, $41,222. Deductions, $25,554. Surplus, $15,668.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $481,400; funded debt (1st 6s of
Aug. 1, 1908, int. F. & A.), $311,752; current liabilities, $91.154— total, $784.306. Contra : Cost of road and
equipment, $413,338; lands owned, $183,923; other permanent investments, $6,850; sundries, $275; cash and
current assets, $19,059; profit and loss, $160.861— total, $784,306.
Directors (elected Feb. 18, 1902). -Frank N. Hoffstot, J. W. Friend, Charles W. Friend. Theodore W.
Friend. F. V. Matthews, W. C. Tuttle, C. L. Snowden, W. Shenk, W. Lin ford Smith, W. H. Stouffer, Pittsburgh,
Pa. OFFICERS: S. MCELROY, Pres.; J. W. Friend, Vice-Prfs.; F. V. Matthews, Sec.; E. J. Reamer, Treas. A
Asst. Supt., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
PITTSBUBGH AND MOON BUN BB.— Groveton to Moon Run, Pa., 5 m.; total track (steel; 60
Ibs.), 7 miles. Gauge, 4 ft. 8| in. Chartered Feb. 10, 1891; road opened in 1892. Controlled by the Pittsburgh
Coal Co. Locomotive, 1. Cars (passenger), 1.
Operations, year ending June 30, 1901.— Passengers carried, 14.338. Tons freight moved, 381.794. Earn-
ings (passenger, $2.030; freisrht, $32,455; other, $215), $34,700. Operating expenses, $25.836; net earnings. $,s.864.
Payments: Interest on bonds, $6,000; taxes, $467-total, $6,467. Surplus, $2,397; surplus forward, $2,771—
total, S5.K3S. Deductions during the year, $20.736. Deficit, June 30, 1901, $15,568.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $100.000; funded debt (1st 6s of
Jan. 1, 1912, Int. J. & J.), $100,000— total, $200,000. Contra: Cost of road and equipment, $178,657; current
accounts, $5,775; profit and loss, $15,568— total, $200,000.
Directors (elected Jan. 16, 1908).— F. L. Robbing, F. M. Osborne, U. A. Andrews, C. W. Baine, H. J.
POOR'S MANUAL OF RAILROADS. 187
Lawrence, A. M. Neeper, N. F. Sanford, Pittsburgh, Pa. OFFICERS: P. L. RoBBras, Pre».; F. M. Oflborne, Vice-
Preg.; U. A. Andrews, Treat.; C. W. Baine, Sec.; 8. H. Robbing, And., Pittsburgh, Pa. GENIBAL OFFICE, 233
Fifth Ave., Pittsburgh, Pa.
PITTSBURGH AND OHIO VALLEY RY.-Terminal switching tracks at Allegheny and Nev-
ille Island, Pa., 1.18m.: tracks on Neville Island, Pa., 12.18 m,— total, 13.18 miles. Gauge, 4 ft. 81 in. Rail
(steel), 85 Ibs. Organized Dec. 5, 1899; road opened in 1900. Owns 1 locomotive.
Operations, year ending June 30, 1901.— Gross earnings, $17,302. Operating expenses, $10,279. Net
earnings, $7,023. Deductions, $094. Surplus, $6,329.
General Balance Sheet, June 30, 1901.— Capital stock, $60.000; current liabilities, $134,047; profit and
loss, $14,030— total, §208,077. Contra: Cost of road, $184,366; equipment, $2,378; cash and current assets, $12,490;
materials, etc., $8.843— total, $203.077.
Directors (elected Jan. 13, 1902).— W. P. Palmer, Cleveland. O.; J. S. Keefe, Chicago. 111.; C. L. Miller,
Wm. L. Hirsch, 8. W. Tener, H. A. Hansgen, Pittsburgh, Pa. OFFICERS : J. H. PRICE, Pres.; 8. W. Tener,
Vicf-Pre*., Pittsburgh, Pa.; A. P. Allen, Sec., Chicago, 111.; W. G. Smith, Treas., Pittsburgh, Pa.; W. P. Palmer,
Gen. Myr.; C. A. Vogt, And., Cleveland, O. GENERAL OFFICE, Pittsburgh, Pa.
-Philipsburg to
Chartered Sept.
-passenger, 19; freight (coal), 298; service, 2 — total, 319.
Operations, year ending June 30, 1901.— Trains run (passenger, 114,332; freight, 27,710), 142,042 miles.
Passengers carried, 97.500; carried one mile, 342,905. Tons freight moved, 84,438; ton-miles, 342,905. Earnings
(pa-sengor. £31.13;'; freight, $16,388; other, $8,966), $86,491. Operating expenses, $48,387. Net earnings, $38,-
104. Deductions, .*600. Surplus, $37,504.
General Balance Sheet, June 30, 1901.— Capital stock ($1,500,000 auth.; 850,000 shares), §1 .800,800;
current liabilities, $5,<iS4— total, $1.205.984. Contra: Cost of road and equipment, $1,119,465; materials, etc.,
$11,777; cash and current assets, $37,695 ; profit and loss, $37,047— total, $1,205.984.
Directors.— Samuel P. Langdon, Joseph A. Baker, John F. Finney, 8. B. McDowell, Lewis G. Dutton,
Wm. W. Allen, Philadelphia, Pa.; Frank G. Patterson, Altoona, Pa. OFFICERS : SAMUEL P. LANGDON, Pres.,
Philadelphia, Pa.; F. G. Patterson, Vtce-Pres. & Gfn. Mqr., Altoona, Pa.; Geo. B. Thatcher, Sec.; Jas. E. Long,
Treas.; G. F. Hall, And., Philadelphia, Pa. GENERAL OFFICE, Philadelphia, Pa.
PITTSBTJRG, WESTMORELAND AND SOMERSET RR. -Projected : Ligonier to Somerset,
Pa.. 22 m.; sundry branches. 10 m.— total, 32 miles. Completed up to Nov. 15, 1901; Ligonier, Pa., to end of
track, 15 in. ; total track (steel ; 70 Ibs.), 18 miles. Gauge, 4 ft. 8f in. Chartered July 20, 1899 ; road opened Feb.,
1900. Operaied in connection with the business of the Byers- Allen Lumber Co. Locomotives, 2. Cars (box, 2;
flat, 24). 26. Capital stock paid in ($220,000 anth.; $100 shares), $11,000.
Directors.— J. Henry Cochran, E. R. Payne, Fred Payne, Williamsport, Pa. ; Alvoni R. Allen, Wyckoff, N.
J. ; N. Byers, Ligonier, Pa. ; W. H. Ruppel, Somerset, Pa. ; L. H. Allen, Buffalo, N. Y. OFFICERS : J. HENRY
COCHRAN, Pres., Williamsport, Pa. ; L. H. Allen, Sec. tfc Treas., Buffalo, N. Y. ; N. Byers, Supt.; Q. B. Flyte,
Aud., Ligonier, Pa. GENERAL OFFICE, Ligonier, Pa.
PORT JERVIS, MONTICELLO AND NEW YORK RR.-Port Jervis to Monticello, N. Y.,
23.75 m.; Huguenot to Summitville, N. Y., 17.3 m.— total, 41.05 m.; total track (steel; 58,65, and 67 Ibs.), 43.67
miles. Gauge, 4 ft. 8J in. Reorganization, in March, 1895, of a company of the same name. (See MANUAL for
1898, page 83.) Locomotives (leased, 1), 3. Cars— passenger, 2; baggage, etc., 2; freight (box, 5; flat, 5), 10; other,
14— total, 28.
Operations, year ending June 30, 1901.— Trains run (passenger, 41,372; mixed, 28,572; other, 12,326),
82,270 miles. Passengers carried, 58,138; carried one mile, 976,950. Tons freight moved, 47,755; ton-miles,
835,712. Earnings (passenger, $27,047; freight, $32,944; other, $4,139), $64,373. Operating expenses, $86,496.
Deficit from operations, $22,123. Payments: Interest on bonds, $10,125; other interest, $2.559; taxes, $4,791 — total,
$17,475. Deficit for year, $39,598 ; deficit forward, $75,820; additions for year, $1,260— total, $116.679.
General Balance Sheet, June 30, 1901.— Capital stock ($500,000 auth.; $100 shares), $409,100: funded debt
1st gold 4Js of June 1, 1944, int. J. & D.), $225,000 ; current liabilities, $123,000; equipment obligations, $2,204;
other liabilities, $49,158— total, $808,462. Contra: Cost of road and equipment, $686,190; cash and current assets,
$5.593; profit and loss, $116,679— total, $808,463.
Interest on bonds is in default and foreclosure proceedings have been instituted. The New York, Ontario
and Western Tty. Co. owns nearly all of the debt and three-fourths of the capital stock.
Directors (elected Sept. 3, 1901).— A. E. Godeffroy, Port Jervis, N. Y.: H. E. Ahern, Irving Bennett, Clin-
ton E. Braine. Fred W. Brushaber, Willard V. King, T. W. Lillie, Herbert W. Morse, A. Gordon Norrie, H. P.
Searle, Wm. F. Dunning, Arthur L. Parmelee, Chauncey B. Spears, New York, N. Y. OFFICERS: A. E. GODEF-
FROY, Pres., Port Jervis, N. Y.; T. W, Lillie. Sec. <& Treas., New York, N. Y. GENERAL OFFICE, Port Jervis,
N. Y.
POTJGHKEEPSIE AND EASTERN RY.— Poughkeepsie to Boston Corners, N. Y. (including
4.8 m. trackage), 39.79 m. ; total track owned (steel, 34.99 m.), 37.85 miles. Gauge, 4 ft. 8| in. Rail, 65 and 67 Ibs.
The track of the N., D. & C. RR., from Stissing to Pine Plains, N. Y., 4.8 m. (included above), is used by this
company, at a rental of $2,000 per annum. Chartered April 13, 1893, as successor to the N. Y. & Mass. Ry. Co.
(See MANUAL for 1893, page 436.) The property was placed in the hands of a receiver on June 17, 1898. Loco-
motives, 6. Cars— passenger, 8; baggage, etc. ,3; freight (box, 11; flat, 10; stock, 1; coal, 2), 25; service, 4 —
total, 40.
Operations, year ending June 30, 1901.— Trains run (passenger, 76,743; freight, 27,160), 103,903 miles. Pas-
sengers carried, 57,413; carried one mile, 748,744. Tom« freight moved, 39,883; ton-miles, 704,640. Earnings
(passenger, $16,784; freight, $18,429; other, $13,824), $49,037. Operating expenses, $42,277. Net earnings, $0,760;
other receipts, $503— total, $7,263. Paid taxes, $3,600; other charges, $151— total, $3,751. Surplus, $3,512; deficit
forward, $436,514; net deficit, $433,002.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000; funded debt (1st 5s of
Nov. 1, 1934. int. M. & N.), $500,000; loans, $95,778; current liabilities, $18,747— total, $1,114,525. Contra: Cost of
road and equipment. $661,889; materials, etc., $1,071; cash and current assets, $9,261; other assets, $9,302; profit
and loss, $433,002— total, $1,114,525.
Directors (elected Oct. 8, 1901).— Russell Sage, J. J. Slocnm, J. P. Mnnn. C. W. Osborne, E. C. Osborn,
E. C. M. Rand, New York, N. Y.; J. B. Dutcher, Pawling, N. Y.; L. H. Vail, G. H. Sherman, Poughkeepsie,
N. Y. OFFICERS: J. J. SLOCUM, Beceiver; RUSSELL SAGE, Pres.; C. W. Osborne, Vice-Pres.; E. C. Osborn,
Sec., New York, N. Y.; J. H. Queal, And., Poughkeepsie, N. Y. GENERAL OFFICE, Poughkeepgie, N. Y.
Q,TJAKERTOWN AND EASTERN RR.— Quakertown to Furnace Junction, Pa., 13.30 miles.
Gauge, 4 ft. 8} in. Chartered July 6, 1896; road opened to Springtown, 9.4 m., on Aug. 18, 1898: extension to
Durham, 3 m., opened Oct. 16, 1899. Virtually completed to Riegelsvllle. Locomotive,!. Passenger car, 1.
Operational year ending June 30, 1901.— Trains run (passenser), 10,598. Passengers carried, 13,105. Tons
freight moved, 155,893. Earnings (passenger, $2,915; freight, $33.044), ?35,9&9. Operating expenses, $16,381.
Net earnings, $19,578. Other deductions, $12,663. Surplus, $6,915.
188 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Financial Statement, Jane 30, 1900 (latest rendered).— Capital stock ($50 shares), $180,000. Funded
debt outstanding, $80,000 ($180,000 anth.), gold 5s of Jan. 1, 1927, int. J. & J.
Directors.— John Jameson, Henry H. Bonder, (Juakertown, Pa.; Jas. H. Shelley, David A. Fluck, Rich-
landtown, Pa.; Jobn J. Ott, Pleasant Valley, Pa.; H. 8. Funk, H. S. Mill, Bprlngtown. 1'a. OFFICERS : JOHN
JAMESON, Pres., Qnakertown, Pa.; Jas. H. Shelley, Treas., Richlandtown, Pa.; Henry S. Funk, Sec., Springtown,
Pa.; Edwin B. Clark, Aud.; A. F. Baker, Gen. Mgr., Quakertown, Pa. GENERAL OFFICE, Quakertown, Pa.
QUEEN ANNE'S BB. — Queenstown, Md., to Lewes, Del., 60 m.; total track (steel; 60 Ibs.), 66.5
miles. Gauge, 4 ft. 8J in. Chartered in Maryland in 1894; in Delaware in 1895. Koad opened as above on March
1, 1898. This company uses, under a traffic agreement, the tracks of the Pennsylvania RR. from Lewes to
Rehoboth Beach, 5 miles. Locomotives, 3. Cars— passenger, 6; baggage, etc., C; freight (box, 35; flat, -4 >.:->'.!
total, 51. Of the box cars, 25 are held under car trusts.
Operations, year ending June 30, 1901.— Earnings (passenger, $91,481; freight, $47,055), $138,536. Operating
expenses, $127,77o. Net earnings, $10,760; other receipts, $24— total, $10,784. Total deductions, $9,522. Sur-
plus, $1,26-2.
Q-ener
$100 shares:
$12-total, $_,..-,
rent assets, $7,062— total, $1,471,588.
Directors.— W. M. Oler, H. C. Matthews, John S. Gibbs, Jno. S. Gittings, Jordan Stabler, Frank Elilen,
Basil B. Gordon, D. Ambach, Baltimore, Md.; John F. Sanlsbury, L. L. Layton, H. R. Burton, P. L. Cannon,
Lewes, Del. OFFICERS : WM. H. BOSLET, Pres.; Chas. H. Tilghman, Vice-Pres. ; Robt. W. Smith. Jr.. Ti-fas.;
A. II. Taylor, Sec.; I.W. Troxel, Gen. Mgr., Baltimore, Md.; J. Hennaman, Aud. & Supt., Kent Island, Md.
GENERAL OFFICE, Kent Island, Md.
BABITAN III VEB RR.— South Amboy to New Brunswick, N.J., 12.63m.; sundry spurs and branches,
5.19m.— total, 17.82 miles; trackage (Pa. RR. Connection), Main Line to Such's Works, 0.53 mile. Total track
(steel- 60 Ibs.), 23.91 miles. Gauge, 4 ft. 8j- in. Chartered April 20, 1888; main line opened throughout in July,
1890.; branches in 1889 to 1901 . Since June 30, 1901, the Serviss Branch has been extended to South River, 2 miles.
Locomotives, 4. Cars— passenger, 4; combination, 2; freight (flat and gondola), 56; service, 2 — total, 64.
Operations, year ending June 30, 1901.— Trains run (passenger, 30,052; freight, 13,231), 43,283 miles. Pas-
sengers carried, 136,590; carried one mile, 866,132. Tons freight moved, 214,065. Earnings (passenger, $8,349;
freight, $66,677; other, $3,953), $78,979. Operating expenses, $44,646. Net earnings, $34.333. Payments: Interest
on bonds, $18,750; other interest, $1,422; taxes, $2,048— total, $22,^20. Surplus, 812,113; deficit forward, §15.996;
net deficit, $3,883.
G-eneral Balance Sheet. June 30, 1901.— Capital stock ($1, 000,000 auth.; $100 shares), $375,000; funded
debt (1st 5s of Jan. 1, 1939, int. J. & J.; $400,000 auth.), $375,000; current liabilities, $20,351; interest accrued,
not due, $9,375; other liabilities, $;>7,181— total, $806,907. Contra: Cost of road and equipment, $770,671;
materials, etc., $12,376; cash and current assets, $19,977; profit and loss, $3,883— total, $806,907.
Directors (elected Feb. 11, 1902).— Frank H. Earle, Wm. G. Bumsted, E. W. Harrison, Wm. D. Edwards,
Geo. T. Smith, Willard C. Fisk, Frederick Dunham, C. H. Sisson, Jas. P. Northrop, J. E. Hulshizer, Wm. H.
Corbin, Jersey City, N. J.; Edward H. Ripley, C. H. White, New York, N. Y. OFFICERS : FRANK H. EARI.E,
Pres.; Wm. G. Bnmsted, Vice-Pres. & Treas.; C. H. Sisson, Sec., Jersey City, N. J.; Frank Hoffman, f>ni>t.,
South Amboy, N. J. GENERAL OFFICE, 15-21 Exchange Place, Jersey City, N. J.
BEYNOLDSVILLE AND FALLS CBEEK BB.— Falls Creek to Soldier's Run, Pa., 10.37 m.;
Rochester Mine to London Mine, Pa., 1.14 m.; Soldier's Run June, to Bloomington Mine, Pa., 3.23 m.; Rutlimel
to Henry Mine, Pa., 0.58m.; Falls Creek June, to Rochester Mine, Pa., 0.92 m.; Rathmel to Maplewood. 0.^2 in.;
London Mine to Pancoast, 0.28m.; Rathmel to Virginia, 1 m. ; Rathmel to Rathmel Mine, 0.34m.; Reynoldsville
to Hopkins, Pa., 2.92 m.— total, 21 m. ; total track (steel ; «0 and 80 Ibs.), 36.89 miles. Gauge, 4 f t. 8i in. Consoli-
dation, Jan. 11, 1897, of the Reynoldsville and Falls Creek RR. and the Falls Creek RR. (See MANUAL for 1899,
page 236.) Locomotives, 5. Service cars, 4.
Operations, year ending June 30, 1901.— Trains run (freight), 39,800 miles. Tons freight moved, 2,389,-
268; ton-miles, 16,102,551. Earnings (freight, $180,104; other, $966), $181,070. Operating expenses, $136,686.
Net earnings, $54,435. Payments : Interest on bonds, $10,200 ; taxes, $1,000— total, $11,200. Surplus, $43,235;
surplus forward, $40.799— total, $84,034.
Q-eneral Balance Sheet. June 30, 1901.— Capital stock paid in ($430,000 auth. ; $50 shares), $200,000;
funded debt (1st 6s of Jan. 1, 1911, int. 1st of Jan.), $170,000; current liabilities, $6,638; interest accrued, not due,
$5,100; profit and loss, $84,034— total, $465,772. Contra: Cost of road and equipment, $365,653; materials, etc.,
$107; cash and current assets, $100,012— total, $465,772.
Directors (elected Feb. 15, 1902). — Arthur G. Yates, Rochester, N. Y.; Adrian Iselin, Jr., Ernest Iselin,
J. H. Hocart, C. O'D. Iselin, Walter G. Oakman, New York, N. Y.; John G. Whitmore, Ridgway, Pa.; B. M.
Clark, Brookville, Pa. ; John Reed, F. H.Beck, F.M. Brown, Reynoldsville, Pa. OFFICERS: Lucius W. ROBINSON,
Pres., Punxsutawney, Pa.; Arthur G. Yates, Vice-Pres.; John F. Dinkey, Treas. <& Aud., Rochester. N. Y. ;
John G. Whitmore, Sec., Ridgway, Pa. GENERAL OFFICE, Reynoldsville, Pa.
BOCKAWAY VALLEY BY.— Whitehouse to Watnong (near Morristown, N. J.), 24.5 m. ; total
track (steel; 50, 56, and 60 Ibs.), 27 miles. Gauge, 4 ft. 8$- in. Reorganization of the Rot-kaway Valley RR., the
Rockaway Valley Mfg. and Construction Co., and the Mendham and Morri-'town Extension RR. Cos., which
were sold under foreclosure on July 15, 1895. (See MANUAL for 1899, page 237.; Locomotives, 3. Cars— passen-
ger, 2; freight (flat), 10. Gross earnings, year ending Dec. 31, 1901, $56,512.
Financial Statement, Dec. 31, 1901.— Capital stock paid in, $125,000; funded debt (no details obtain-
able), $125,000. Contra: Cost of road and equipment, $265,000.
Directors.— Not reported. OFFICERS: CHAS. L. JACOBUS, Pres.; Louis E. Spencer, (Sec. & Treas., New
York, N. Y. NEW YORK OFFICE, 37 Wall Street.
BUBAL VALLEY BB.— Echo to Yatesboro', Pa., 5.17 m.; total track (steel; 60 Ibs.), 6.54 miles.
This is a private enterprise not yet incorporated. Built to reach the mines of the Cpwanshannock Coal and Coke
Co., in Armstrong Co., Pa. Locomotive, 1. Car (passenger), 1. Financial agents in New York. A. Iselin & Co.,
36 Wall Street. F. G. St. Clair, Treas., Yatesboro', Pa.; Lucius W. Robinson, Gen. Mgr., Pnnxsutawney, Pa.
GENERAL OFFICE, Punxputawney, Pa.
SCHOHABIE VALLEY BY.— Schoharie to Schoharie Junction, N. Y., 4.3S m.; total track (steel,
4.38 m.), 5.18 miles. Gauge, 4 ft. 8 in. Rail, 60 Ibs. Organized as Schoharie Valley Ry. Co. June 15, 1805. Road
opened Oct. 1, 1866; sold under foreclosure April 6, 1874; reorganized April 1,1880. Locomotive, 1. Cars— pas-
senger (leased, 1), 2.
Operations, year ending June 30, 1901.— Trains run (passenger), 7,156 miles. Passengers carried, 22,iMs;
carried one mile, 96,570. Tons freight moved, 15,514; ton-miles, 67,955. Earnings (passenger, $5,512; freight,
$7,758; other, $911), $14,181. Operating expenses, $5.677. Net earnings, $8,504. Payments: Interest on bonds,
82,000; charged to sinking fund, $1,000: taxes, $566; dividends (3 p. c.), $3,000— total, $6,566. Surplus, $1,938;
deficit forward, $36,532; net deficit, $34,594.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $100,000 ; funded debt (1st 5s of
POOR'S MANUAL OF RAILROADS. 189
Jan. 1, 1930, int. J. & J. ; §40,000 auth.), $39,000; sinking fund, $1,000— total, $140,000. Contra : Cost of road and
equipment, $105,40(1; profit and loss, §34, 594— total, $140,000.
Directors.— David B. Vroman, Charles Vroman, Cornelius P. Vroman, W. J. Vroman, Arthur H. Woods,
D. J. Vroman, Edward E. Vroraan, Schoharie, N. Y. OFFICERS : D. B. VROMAN, Pres.; Chas. Vroman, Vice-
Pres. & Gen. Mr/r.; C. P. Vroman, Zd Vice-Pres.; W. J. Vroman, Sec. ; Arthur H. Woods, Treas. & G. P. &
F. A., Schoharie, N. Y. GENERAL OFFICE, Schoharie, N. Y.
SCOTTDALE CONNECTING RR.— East Scottdale to Everson, Pa., 1 m.; total track, 1.5 miles.
Organized Sept. 16, 1897; road opened in 1899. Locomotives (owned 1, leased 2), 3.
Operations, year ending June 30, 1901.— Tons freight moved, 34,732; ton-miles, 34,732. Earnings (freight),
$4,732. Operating expenses, $6,658. Deficit, $1, 926.
General Balance Sheet, June 30, 1901.— Capital stock, $10,000; current liabilities, $10,408— total, $80,408.
Contra: Cash and current assets, $14,787; materials and supplies, $500; profit and loss, $5,121— total, $20,408.
Directors (elected Jan. 10, 1902).— A. C. Overholt, J. W. Ruth, J. D. Hill, B. F. Overholt, Scottdale, Pa.;
Ralph Overholt, Pittsburgh, Pa.; A. S. R. Overholt, West Overton, Pa. OFFICERS: B. F. OVERHOLT, Pres.;
A. C. Overholt, Vice- Pres.; J. D. Hill, Sec. & Treas., Scottdale, Pa.; Ralph Overholt, Gen. Mgr., Pittsburgh, Pa.
GENERAL OFFICE, Scottdale, Pa.
SCRANTON AND SPUING BROOK BB,.— Moosic to Round Hole, Pa., 6m. ; Round Hole to
Quarry, Pa., 2 m.— total, 8 miles. Gauge, 4 ft. 8J- in. Rail, 50 Ibs. Chartered Aug. 31, 1897; road opened same
year. Locomotives, 2. Cars— passenger (leased), 1; freight (flat), 8— total, 9.
Operations, year ending Jone 30, 1901.— Earnings (freight), $8,563. Operating expenses, $10,400; taxes, $96
—total, $10,496. Deficit, $1,933; surplus forward, $337: net deficit, $1,596.
General Balance Sheet, Jane 30, 1901.— Capital stock ($50 shares), $25,000; current liabilities, $24,319
-total, $49,319. Contra: Cost of road and equipment, $42,957; investments, $976; cash and current asset?,
$3,790; profit and loss, $1.596— total, $49,319.
Directors.— L. A. Watres, C. D. Simpson, T. H. Watkins, H. P. Simpson, H. A. Knapp, Robert C. Adams,
Scranton, Pa. OFFICERS : L. A. WATRES, Pres.; Robert C. Adams, Treas. & Sec., Scranton, Pa. GENERAL
OFFICE, Scranton, Pa.
SHEFFIELD AND TIONESTA RY.— Sheffield to Ross Run, Pa., 30m.; leased (Tionesta Valley
and Hickory RR., Ross Run to Nebraska, Pa.), 4 m.— total, 34 miles. Rail (steel), 60 to 70 Ibs. Gauge, 4 ft. 8* in.
Chartered Jan. 6, 1900, and built the line from Sheffield to Kellettville, Pa., 24 miles. Absorbed the Tionesta
Valley and Salmon Creek Ry., from Kellettville to Ross Run, Pa., 6 miles, on June 1, 1901, and on the same date
leased the Tionesta Valley and Hickory RR. Locomotives, 2. Cars (passenger, 2; baggage, etc., 1; flat, 32), 35.
Financial Statement, Oct. 1, 1901.— Capital stock ($100 shares), $150,000; notes payable to the Pennsyl-
vania RR. Co. (in 10 equal annual installments), $43,000; floating debt (about), $10,000— total, $203,000.
TIONESTA VALLEY AND HICKORY RR.—
Nebraska to Ross Run, 4 miles. Rail (steel), 52
and 62 Ibs. Organized March 26, 1892. Leased to
the Sheffield and Tionesta Valley Ry. Co., June 1,
1901, the consideration being an agreement on the
lessee's part to keep the road In repair during the
term of the contract. Balance Sheet, June 30, 1901.
— Capital stock ($50,000 auth.; $50 shares), $33,-
000; profit and loss, $2,154 — total, $35,154. Contra:
Cost of road, etc., $33,000; cash and current assets,
$2.154— total, $35,154. Truman D. Collins, Pres.,
Nebraska, Pa.; Geo. P. Watson, Vlce-Pres., Golenza,
Pa.; Leon Watson, Sec. & Treas., Kellettville, Pa.
Office, Kellettville, Pa.
Directors (S. & T. Ry.).— T. D. Collins, Mary S. Collins, Nebraska, Pa.; E. S. Collins, Ostrander, Wash.;
Leon Watson, Kellettville, Pa.; Orion Siggins, West Hickory, Pa. OFFICERS: T. D. COLLINS, Pr^s.; Mary S.
Collins, Vice-Pres., Nebraska, Pa.; Leon Watson, Sec. & Treas., Kellettville, Pa. GENERAL OFFICE, Kellett-
ville, Pa.
SILVER LAKE RY.— Perry to Silver Springs, N. Y., 6.86 m. ; total track (steel, 6.86 m.), 7.61 miles.
Rail— iron, 56 Ibs.; steel, 60 Ibs. Gauge, 4 ft. 8i in. (For history, see MANUAL for 1888.) Locomotives, 2. Cars-
passenger, 3; baggage, etc., 1; freight (box, 20; coal, 625), 645— total, 649.
Operations, year ending June 30, 1901.— Trains run (passenger, 21,910; freight, 3,756), 25,666 miles. Passen-
gers carried, 45,530; carried one mile, 182,120. Tons freight moved, 139,150; ton-miles, 834,900. Earnings (passen-
ger, $11,162; freight, 117,688; other, $42,160), $70,960. Operating expenses, $37,241. Net earnings, $33,719. Pay-
ments : Interest on bonds, $3,750; taxes, $1,517— total, $\267. Surplus, $28,452; surplus forward, $276,318—
total, $304,770. Deductions during the year, $1,000. Surplus, June 30, 1901, $303,770.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($500,000 auth. ; $100 shares), $120,000;
funded debt, §56,000; current liabilities, $37,654; profit and loss, $303,770— total, $517,424. Contra: Cost of road
and equipment, $403,414: materials, etc., $253: cash and current assets, $113,757— total, $517,424. Funded debt
June 30, 1901, consisted of $40,000 ($68,000 auth.) 1st 5s of July 3, 1903, int. J. & J.; and $16,000 ($40,000 auth.) car
trust bonds of Jan. 1, 1903, int. J. & J.
Directors.— Arthur G. Yates, F. W.Yates, Geo. E. Merchant, J. F. Dinkey, R. W. Davis, Geo. W. White,
Geo. L. Eaton, Walter J. Howard, Rochester, N. Y.; Harry Yates, Cyrus H. Polley, Buffalo, N. Y. ; W. D. Page,
M. H. Olin, C. A. Carmichael, Perry, N. Y. OFFICERS: HARRY YATES, Pres.; F. W. Yates, Vlce-Pres.; Geo. L.
Eaton, Treas.; C. H. Stallknight, Sec., Rochester, N. Y. GENERAL OFFICE, 1 Elwood Building, Rochester, N.Y.
SKANEATELES RR.-Skaneateles Junction (N. Y. C. & H. R. RR.) to Skanealeles, N. Y., 5 m. ; total
track (steel, 5m.), 6 miles. Gauge, 4 ft. 8i in. Rail— iron, 56 Ibs. ; steel, 60 Ibs. Incorp., April 17, 1866 ; road
opened Oct. 1, 1867. The company owns' a steamboat line on Skaneateles Lake, and has a traffic contract with the
N.Y. C. & H. R. RR. Co., whereby that company's cars are run over this road to connect with the steamboat line.
Locomotives, 2. Cars— passenger, 3; baggage, etc., 1 ; freight (box), 2 — total, 6.
Operations, year ending June 30, 1901.— Trains ran (passenger, 16,000; freight, 16,000), 32,000 miles. Pas-
sengers carried, 45,205; carried one mile, 192.376. Tons freight moved, 42,168; ton-miles, 147,588. Earnings
(passi nger, $9,105: freight, $19,090; other, $2,228), $30,423. Operating expenses, $21,754. Net earnings, $8.669.
Payments: Interest on bonds, $5,000; taxes, $1,177; dividends (2 p. c.), $2,000— total, $8,177. Surplus, $492;
surplus forward, $6.324— total, $6,816.
General Balance Sheet, June 30, 1901. -Capital stock ($100 shares), $100,000 ; funded debt (1st gold 5s
of Aug. 1, 1918, int. F. & A.), $100,000; current liabilities, $1,094; interest accrued, $2,083; profit and loss, $6,816
—total, $209,993. Contra: Cost of road and equipment, $202,083; bills receivable, $1,391; materials, etc., $1,050;
cash on hand, $5.425; other assets, $44— total, $209,993.
Directors.— W. K. Niver, Edward S. Teft, Syracuse, N. Y.; H. C. Du Val, Edgar Van Etten, New York,
N. Y.; John E. Waller, Frederick Roosevelt, Skaneateles, N. Y. OFFICERS : W. K. NIVER, Pres. & Treas.,
Syracuse, N. Y.; George Barrow, Sec.; J. McNamara, Gen. Supt., Skaneateles, N. Y. GENERAL OFFICE,
Skaneateles, N. Y.
SLATE RUN RR.-Slate Run to North Bend, Pa., 15 miles. Rail (steel), 30 Ibs. Gauge, 3 ft. Incorp.
Dec. 17, 1885 (charter dated Dec. 9, 1884) ; road opened July, 1886. Locomotives, 2. Cars— freight (flat), 56.
Operations, year ending June 30, 1901.— Trains run (freight), 10,000 miles. Tons freight moved, 57,590;
ton-miles, 863,850. Earnings (freight, $22,804 ; other, $446), $23,250. Operating expenses, $41,709 ; other charges,
$144— total, $41,853. Deficit, $18,608
190 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
General Balance Sheet, June 80, 1901.— Capital stock paid In ($160,000 aulh. ; $100 shares), $81,000;
current liabilities', $46.535-total, $127,585. Contra : Cost of road and equipment, $81,000 ; current accounts,
$16,615; profit and loss, $29,920— total, $127,535.
Directors — Wm. H. Jessup, Wm. H. Jessnp, Jr., H. C. Jessup, H. E. Hand, Scranton, Pa. ; James B.
Weed, Binghamt'on, N. Y. ; Wm. 8. Hill, New York-N. Y. OFFICERS : JAMES B. WEED, Pres. ; F. M. Weed,
\1ce-Pres. <t Treat. ; F. D. Weed, Sec. ; Lewis M. Weed, Gen. Mgr., Binghamton, N. Y. GENERAL OFFICE,
Binghamton, N. Y.
SOUTH BRANCH BB.— South Branch June, to Jury, Pa., 5.67m.; trackage (Mead Run RR., South
Branch June, to Mount Jewett, Pa.). 2.33m.— total track, 9.20 miles. Organized May 7, 1897. Locomotives, 2.
Cars— passenger, 1 ; freight, 53 — total, 54.
Operations, year ending June 30, 1901.— Tons freight moved, 58,784 ; ton-miles, 470,272. Earnings (pas-
senger, $558 ; freight, $17,886), $18,444. Operating expenses, $9,329. Net earnings, $9,115. Deductions, $2,089.
Surplus, $6,426.
General Balance Sheet, June 30, 1901.— Capital clock, $60,000; current liabilities, $863; profit and
loss. $13,811— total, $74,674. Contra: Cost of road and equipment, $60,000; cash and current assets, $14,674 —
total, $74,674.
Directors.— Herbert C. Rich, Horace C. Rich, L. Q. Wilson, W. F. Andrews, C. R. Rich, F. F. Hinman,
E. E. Keith, Granere, Pa. OFFICERS : HERBERT C. RICH, Pres.; Horace C. Rich, Vice-Pres. & Gen. Mc/r.; W.
F. Andrews, Sec.; L. G. Wilson, Treas.; E. E. Keith, And., Granere, Pa. GENERAL OFFICE, Granere, Pa.
SOUTH BROOKLYN BY.— Length of main line, in Brooklyn, N. Y., 1 m.; second track, 1 m. ; total
track (steel; 65 and 67 Ibs.), 2 miles. Gauge, 4 ft. 8} in. Organized Jan. 13, 1900. Subsequent to Dec. 19, 1899,
it acquired the railroad franchises and property of the South Brooklyn RR. and Terminal Co. (see MANUAL for
1809, page 238), sold under foreclosure. The main line extends from near the foot of 38th St., Brooklyn, on a line
parallel with 38th St. (on the company's property), to a junction of 38th St. and 9th Ave. The r»ad has been
operated by the Long Island RR. Co. since 1898, for a percentage of business done. In Feb., 1902, the property
was purchased by the Brooklyn Rapid Transit Co.
Operations, year ending June 30, 1901. — Earnings, $3,811 ; rents of buildings and property, $8,894 — total
receipts, $12,705. Operating expenses, $8,279 ; taxes, $5,654— total, $13,933. Deficit, 81,228 ; deficit forward,
$3,438— total, $4,656.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $150,000 ; taxes due and accrued,
$2,680 ; loans and bills payable, $10,000— total, $162,680. Contra : Cost of road, $156,865 ; cash, $1,158 ; profit
and loss, $4,606— total, $162,680.
Directors.— C. A. Severance, John L. Wells, B. C. Van Dyke, F. S. Flower, L. B. Grant, A. T. Cole, F. H.
Bergen, S. A. Harronn, C. D. Meneely. OFFICERS: J. L. WELLS, Pres.; A. T. Cole, Sec.; B. C. Van Dyke,
Treat., Brooklyn, N. Y. GENERAL OFFICE, 168 Montague St., Brooklyn, N. Y.
SOUTH BUFFALO BB.— Projected : Buffalo to West Seneca, N. Y., 8 m.; completed June 30, 1901—
single track, 2.5 m.; total track (steel ; 80 Ibs.), 5.25 miles. Gauge, 4 ft. 8% in. Chartered April 25, 1899. Road
under construction.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000. Contra : Cost of road,
$382,726 ; cash on hand, $117,274— total, $500,000.
Directors.— Walter Scranton, East Orange, N. J.; Moses Taylor, Henry R. Taylor, J. P. Higginson, F. F.
Graham, New York, N. Y.; J. J. Albright, Edmund Hayes, John G. Milburn, Buffalo, N. Y.; Henry Wehrum,
Elmhurst, Pa. OFFICERS : WALTER SCBANTON, Pres.; Moses Taylor, \1ce-Pres.; J. P. Higginson, Sec. <fc Treas.;
F. F. Graham, Anst. Trea/t., New York, N. Y.; Henry Wehrum, Oen. Mgr., Buffalo, N. Y. GENERAL OFFICE,
West Seneca, N. Y. New York City Office, 100 Broadway.
SOUTH SHOBE BB.— Projected : Borough of Esplen, Pa., to 30th St., Pittsburgh, Pa., 4.87 miles.
Completed up to June 30. 1'JOl, 1.50 miles. Gauge, 4 ft. 8J in. Rail (steel), 85 Ibs. Organized Sept. 14, 1892.
Locomotives, 2. Cars (flat, freight), 6.
Operations, year ending June 30, 1901.— Tons freight moved, 131,471. Earnings (freight), $16,353. Oper-
ating expenses, $20.412. Deficit, $4,059 ; surplus forward, $18,813 ; net surplus, $14,754.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $10,000; current liabilities, $16.985;
profit and loss, $14,754— total, $41,739. Contra: Cost of road and equipment, $36,496 ; cash and current assets,
•5,348— total, $41,739.
Directors.— J. W. Friend, T. W. Friend, Pittsburgh, Pa. ; F. N. Hoffstot, New York, N. Y. OFFICERS : J.
W. PniEND, Pres., Allegheny. Pa.; F. N. Hoffstot, Sec., Treas. & Supt.; T. W. Friend, Aud., Pittsburgh, Pa.
GENERAL OFFICE, Pittsburgh, Pa.
SOUTH "WEST CONNECTING BY.— Point near So. West Pa. RR. track to Marguerite Station,
Pa., 2.5 miles. Organized May 20, 1897. Gross earnings, year ending June 30, 1901 (freight), $634, which was
expended on maintenance of track. Capital stock, $16,000, which represents cost of road.
Directors.— W. C. Magee, Philip Keller, M. M. Bosworth, W. W. Blackburn, Pittsburgh, Pa.; E. H.
Gary, C. M. Schwab, New York, N. Y. OFFICERS : THOMAS LYNCH, Pres.; C. P. Parker, Sec. & Treat., Pitts-
burgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
STEBLING MOUNTAIN BY.— Sterlington to Lakeville, N. Y., 7.6m.; total track* (steel, 7.45m.),
8.6 miles. Gauge, 4 ft. 8J m. Rail— iron, 56 Ibs.; steel, CO Ibs. Chartered May 18, 1864 ; road opened Nov. 1,
1866. This company's business consists in carrying the products and supplies of the Staling Iron and By. Co.,
the latter company owning all its capital stock except shares required to qualify its directors. Locomotives, 2.
Cars— freight (gondola, 4 ; flat, 1), 5 ; caboose (leased), 1— total, 6.
Operations, year ending June 30, 1901.— Trains run (mixed), 7,911 miles. Passengers carried, 677 ; car-
ried one mile, 4,838. Tons freight moved, 38,884; ton-miles, 295,008. Earnings (passenger, $151 ; freight, $10,982),
$11,133 ; rentals, $311— total incom.-, $11,444. Operating expenses, $11,157 ; taxes, §663— total, $11,820. Deficit
for year, 8376 ; deficit forward, $143.333— total, $142,710.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $80,000; funded debt (income 7s of
May 2, 1881, due date not reported, int. Feb. 1, if earned), $475,674 ; current, liabilities, $100,739 ; interest accrued,
$180— total, $656,503. Contra : Cost of road and equipment, $513,884 ; profit and loss, $142,710— total, $656,593.
Directors.— James Day Rowland, Jay Cooke, Jr., W. H. Hollis, Jas. P. Scott, Philadelphia, Pa.; Geo. T.
Maxwell, Peter T. Barlow, Macgrane Coxe, New York, N. Y. ; Benj. Moffatt. Sr., B. Moffatt, Jr., Sterlington,
N. Y. OFFICERS : JAMES DAY ROWLAND, Pres.; Jay Cooke, Jr., Sec.; Benj. Moffatt, Jr., Treas. & Supt., Sterl-
ington, N. Y. GENERAL OFFICE, Sterlington, N. Y.
STEWABTSTOWN BB.— New Freedom to Stewartstown, Pa., 7.2 m.; total track (steel; 56 Ibs.), 8.45
miles. Gaiiire, 4 ft. 8J in. Chartered Sept., 1884 ; road opened Sept. 12, 1885. Locomotive, 1. Cars— passenger,
2 ; flat, 1— total, 3.
Operations, year ending June 30, 1901.— Passengers carried, 17.603. Tons freight moved, 20,193. Earn-
ings (passenger, $3,580 ; freight, $9,877; other, $958), $13,415. Operating expenses, $9,635. Net earnings, $3,780.
Payments : Taxes, $770 ; dividends, $2,800— total, $3,570. Surplus, $210 ; surplus forward, $3.289— total, $3.499.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($10*000 auth.), $70,000 ; profit and
loss, $3«,8r3— total, $106,873. Contra: Cont of read and equipment, $102,921 ; real estate, $353; materials, etc., $100;
cash, $3,499— total, $106,873.
POOR'S MANUAL OF RAILEOADS. 191
Directors (elected Jan. 13, 1902).— Jacob Yost, W. H. Fulton, Wm. Hammlll, A. Q. Bowman. J. A. Johnson,
A. T Grove, W.J. P. Gemmill, C.W.Shaw, Stewartstown. Pa.; M. W.Bahn, York, Pa.; J. Y. Keeney, Shrews-
bury, Pa. ; John C. Wiley, Gatchellville, Pa. ; F. P. Whitcroft, Baltimore, Md. OFFICERS : J. W. ANDERSON,
Pres., Stewartstown, Pa.; M. W. Balm, Vice-Pres. cfc Gen. Mgr., York, Pa.; Thos. B. Fulton, Treat.; A. G. Bow-
man, Sec.; C. W. Shaw, Aud., Stewartstown, Pa. GENERAL OFFICE, Stewartstown, Pa.
SUSQ.UEHANNA AND BUFFALO KB.— Cook Run, Pa., to Foot of Plane, 1.5 m.; total track
(steel; 00 Ibs.), 2.5 miles. Gauge, 4 ft. 8* in. Organized Sept. 22, 1891 ; road opened in June, 1888. Locomo
Operations, year ending June 30, 1901 — Earnings (passenger, $100 ; freight, $5,822), $5,922. Operating
expenses, $7/162. Deficit for year, $1,840.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($180,000 auth.; $50 shares), $144,000;
current liabilities, $24,311 ; t-ixes accrued, $117; miscellaneous, $7,108— total, $175,536. Contra: Cost of road
an.i equipment, $43,74r; due on capital stock, $123,840 ; cash and current assets, $2,034 ; profit and loss, $5,915—
total, j;175,536.
Directors.— J. Henry Cochran, G. D. Tinsman, Jos. W. Cochran, Garret Cochran, Wm. H. Tinsman, Frank
Parsons, II. 11. Blair, Wiiliamsport, Pa.; G. L. Miller, Westport, Pa. OFFICERS : J. HENRY COCHRAN, Pres.,
\\illiamsport, Pa.; G. L. Miller, Vice-Pres., Bitumen, Pa.; John S. Brown, Treas.j Garret D. Tinsman, Sec.,
Wiiliamsport, Pa. GENERAL OFFICE, Wiiliamsport, Pa.
TIONESTA VALLEY BY.— Dunhams to Oglesby, Pa., 58 m.; sundry branches, 16.3 m.— total, 74.3
m.; total track (steel; 35 Ibs.), 87.09 miles. Gauge,3ft. Consolidation, Aug. 3, 1894, of the Tionesta Valley, the
Sheffield and Spring Creek, the Cherry Grove, and the Warren and Farnnworth ER. Cos. (See MANUAL for 1885,
page 105.) The extension from Lamona to Oglesby, 11 m., was opened during the year 1898-99. Locomotives, 6.
Cars— passenger, 4 ; freight, 384 ; other, 2— total, 390.
Operations, year ending June 30, 1901.— Trains run (passenger, 31,300 ; freight, 68,562), 99,862 miles.
Passengers carried, 24,650 ; carried one mile, 183,214. Tons freight moved, 164,410 ; ton-miles, 3,293,792. Earn-
ings (passenger, $10,194; freight, $116,184), $126,378. Operating expenses, $124,866. Net earnings, $1,512.
Deductions, $1,814. Deficit, $302.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $350,000 ; current liabilities, $38.589;
deductions, $41,703 ; profit and loss, $17,966— total, $448,258. Contra : Cost of road and equipment, $438,665 ;
cash and current assets, $9,698— total, $448,258.
Directors (elected Jan. 13, 1902).— A. H. Bailey, H. A. Crary, M. D. Crary, C. J. Gibson, B. B. Horton,
H. A. Pinney, C. H. Smith, Jerry Crary, Sheffield, Pa.; James Horton, J. J. Lapham, New York, N. Y.; B.
McOwen, Clarendon, Pa. OFFICERS: JEURT CRARY, Pres.; H. A. Crary, Vice-Prea.; Wm. McCray, Treas.; R. G.
Brownell, Sec.; Geo. C. Darling, Aud.; C. J. Gibson, Gen. Supt., Sheffield, Pa.; James Horton, Gen. Mgr., New
York, N. Y. GENERAL OFFICE, Sheilield, Pa.
TBENTON, LAWBENCEVILLE AND PBINCETON BB.— Projected : Trenton to Prince-
ton. N. J., 12 miles. Completed: Trenton to Stony Brook, N. J., 9.59 miles. Gauge, 4 ft. 81 in. Rail (steel),
65 Ibs. Chartered in Feb., 1808. Road in course of construction.
Financial Statement, Dec. 31, 1901.— Capital stock authorized ($100 shares), $200,000 ; paid up, $113,
400 ; funded debt (5s of July 1, 1920, int. J. & J.), $100,000 ; other debt, §10,000— total, $223,400, representing cost
of road and equipment.
Directors.— Not reported. OFFICERS : JOHN B. HOEFGEN, Pr<=s.; C. M. Bates, Sec. & Treas., Allentown,
Pa.; J. J. Coleman, Gen. Mgr., Trenton, N. J. GENERAL OFFICE, Trenton, N". J.
TBOY UNION BB.— Troy and Greenbush RR. to Hoosac St. Bridge, 4.75 m.; total track (steel; 80 Ibs.),
5.05 m les. G.-mge, 4 ft. 8i in. Chartered July 21, 1851 ; opened Feb. 22, 1854. Owned one-half by the N. Y. C. &
H. R. RR. Co. and one-fourth each by the Delaware and Hudson Co. and the Boston and Maine RR. Operations
included in the accounts of the owners, and expenses shared by them proportionately. Capital stock (N. Y.
C. & H. R. RR. Co., $15,000; D. & H. Co., $7,500; B. & M. RR., $7,500), $30,000. Cost of property, $807,442.
Directors.— John Carstensen, Ira A. Place, E. V. W. Rossiter, W. H. Newman, New York, N. Y.; H. G.
Youn«,r, C. D. Hammond, F.A.Harrington, L. E. Carr, Albany, N. Y.; Joseph Crandell, Troy, N.Y.; Edgar Van
Etten, T. A. McKinnon. F. O. Melclier, Boston, Mass. OFFICERS : W. H. NEWMAN, Pres., New York, N. Y.;
H. G. Young, Vice-Pres.; F. A. Harrington, Sec., Treas. & Mgr., Albany, N. Y. GENERAL OFFICE, Troy, N. Y.
TUCKEBTON BB.— Whiting's Station. N. J., to Tuckerton, N. J., 29 m.; Tuckerton to Edge Cove,
N. J. (not iu operation), 2m.— total, 31 m.; total track (steel, 21.5m.), 32.5 miles. Rail— iron, 50 Ibs. ; steel, 60 Ibs.
Gauge, 4 ft. 9 in. Chartered March 26, 1836 ; road opened Nov. 1, 1871 ; reorganized 1880. Locomotives, 3.
Cars— passenger, 2; baggage, etc., 1; freight (box, 5; flat, 10), 15— total, 18.
Operations, year ending Dec. 31, 1901.— E;irning8(passen<:er, $22,192; freight, $26,934; other, $7,055), $56,181.
Operating expenses, $42.379. Net earnings, $13,802. Payments: Interest on bonds, $5,983; other interest, §481 ;
taxes, $1,214— total, $7,678. Surplus, $6,124 ; surplus forward, $5,509 ; net surplus, $11,633.
General Balance Sheet, Dec. 31, 1901.— Capital stock paid in ($50 shares), $550,992 : funded debt (1st
6s of July 8, 1910, int. J. & J.; $100,000 auth.), $99,885 ; current liabilities, $685 ; profit and loss, $11,633— total,
$663,193. Contra : Cost of road, $556,770; equipment, $75,247; real estate, $30,000; cash and current assets,
$l,174-total, $003,192.
Capital stock authorized consists of $125,000 common stock and $500,000 preferred stock; amounts paid
in— common, $105,617.80; preferred, $445,373.74.
Directors —T. T. Price, Theo. P. Price, Tuckerton, N. J.; Rutherford Stuyvesant, New York, N. Y. ;
Richard Aslihurst, Lewis R. Ashhurst, Jr., Walter W. Pharo, Wm. Selfridge, Philadelphia, Pa.; Herbert A.
Drake, G. G. Browning, Camden, N. J. OFFICERS : RICHARD ASHHURST, Pres. & Treas.; Wm. Selfridge, Asst.
Treas., Philadelphia, Pa.; T. T. Price, Sec., Tuckerton, N. J. GENERAL OFFICE, Tuckerton, N. J.
TUSCABOBA VALLEY BB.— Port Royal to Blair's Mills, Pa., 27 miles. Gauge, 3 ft. Rail (steel),
30 to 65 Ibs. Chartered in April, 1891 and 1893; road opened from Port Royal to East Waterford, 17.5 m., in
Feb., 1893 ; extended to Blair's Mills in 1896. Locomotives, 3. Cars— passenger, 4 ; baggage, etc., 1 j freight, 47
— total cars, 52.
Operations, year ending June 30, 1901.— Passengers carried, 20,777. Tons freight moved, 20,138. Earn-
ings (passenger, $7,474 ; freight, $17,780), $25,254. Operating expenses, $12,939. Net earnings, $12,315. Deduc-
tions, $11,138. Surplus, $1,177.
General Balance Sheet, June 30, 1901.— Capital stock ($300,000 auth.; $50 shares), $150,000; funded
debt (1st gold 5s of July 1, 1917, int. J. & J.), $150,000 ; current liabilities, $6,142 ; profit and loss, $3.669— total,
$309,811. Contra : Cost of road and equipment, $307,119 ; cash and current assets, $2,692— total, $309,811.
Directors — T. S Moorhead, John C. Moornead, Port Royal, Pa.; John M. Blair, Blair's Mills, Pa.; N. H.
Suloff, Patterson, Pa.; G. S. Conn, McCullonith's Mills, Pa.; Wm. Kraft. New York, N. Y.; L. S. Catlin, Bridge-
port, Conn. OFFICERS : T. S. MOORHEAD, Pres. & Gen. Mnr.; J. C. Moorhead, Vice-Pres. & Treas.: D. B. Mc-
Williauis, Sec., Port Royal, Pa. GENERAL OFFICE, Port Royal, Pa.
UNADILLA VALLEY BY.— Bridgewater to New Berlin, N. Y., 19.14m.; total track (steel ; 56, 00,
and 70 Ibs.}, 20.93 miles. Gauge, 4 ft. 8t in. Chartered Jan. 27, 1890 ; road opened throughout, July 25, 1895.
Locomotives, 2. Cars— passenger, 2 ; freight (box, 4 ; flat, 6), 10 ; eervice, 4— total, 16.
192 POOR'S MANUAL OF RAILROADS — MIDDLE ATLANTIC GROUP.
Operations, year ending June 30, 1901.— Trains run (passenger, 30,400 ; freight, 12,360), 42.760 mileg. Pas-
sengers carried, 28,725 ; carried one mile, 280,374. Tons freight moved, 24,648; ton-miles, 326,524. Earnings
(passenger, $8,733 ; freight, $20,259 ; other, $2,543), $31,535. Operating expenses, $36,142. Deficit ($4,607, less
stock confiscated, $1,530), $3,077. Payments: Interest on bonds, $12,500; taxes, $2,212— total, $14,712. Deficit,
$17,789 ; deficit forward, $50.355— total, $68,144.
General Balance Sheet, June 30, 1901.— Capital stock ($200,000 auth.; $100 shares), $184,700 ; funded
debt, 1877,618 ; bills payable, $500 ; current liabilities, $27,304 ; interest accrued, not due, $1,100 ; matured inter-
est, $50,000 ; taxes, $766 ; other liabilities, $53,952— total, $595,940. Contra: Cost of road and equipment,
$518,286 ; materials, etc., $841 ; cash and current assets, $8,669 ; profit and loss. $68,144— total, $595.940.
Funded debt, June 30, 1901, consisted of $250,000 1st gold 5s of Jan. 2, 1933, int. J. <fc J.; and $27,618 ($32,000
anth.) income 5s of Sept. 1, 1913. The statement in the MANUAL for 1901, that the first mortgage had been fore-
closed, was erroneous, although made on the authority of an official communication from the company. There is
no reorganization in progress or proposed, an_d it is considered doubtful if the mortgage ever will be foreclosed.
Directors.— Ralph Brandreth, Sing Sing, N. Y.; Gustav C. Henry, Frederic F. Culver, A. S. White,
Clarence Goadby, Wm. L. Skidmore, Lewis R. Morris, New York, N. Y. OFFICERS: F. F. CULVER, Pres. &
Gen. Mgr., New York, N. Y.; Ralph Brandreth, Vice-Pres., Sing Sing, N. Y.; G. C. Henry, Treat.; Clarence
Goadby, Sec., New York, N. Y. GENERAL OFFICE, 137 Broadway, New York, N. Y.
UNION RR. (Pittsburgh, Pa.).— East Pittsburgh to Streets Run and Cochran, Pa., 6.41 m.; various
short branches, 10.57 m.— total, 16.98 m.; 2d track, 2.92 m.; total track (steel; 80 and 100 Ibs.), 76.08 miles.
Leased Line : Slackwater Connecting RR., 1 mile. Trackage Rights : P., B. & L. E. RR., North Bessemer to East
Pittsburgh, Pa., 6.93 miles. Total operated, 24.91 miles. Gauge, 4 ft. 8i in. Organized July 2, 1894 ; road opened
June 1, 1896 ; completed as above in 1899-1900. Locomotives, 64. Cars— freight (steel hoppers), 100 ; service, 20
—total, 120.
ings
ings, .
$245,27
surplus forward, $215,576— tota'l, $651,785.'
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $2.000,000 ; funded debt (1st 5s of
Sept. 1, 1946, int. M. & S.), $2,000,000 ; real estate, $99,278 ; current liabilities, $3,962,806; interest accrued, due,
$33.333; profit and loss. $651,785— total, $3.747,202. Contra: Cost of road, $7,411,597; equipment, $375,319;
securities owned, $160,000 ; materials, etc., $29,092 ; cash and current assets, $771,194— total, $8,747,202.
representing cost of road, etc., $10,000 in $100 shares.
SLACKWATER CONNECTING RE.— In Alle-
gheny County, Pa., from connection with B. & O. RR.
Braddock Township, 1 mile. Organized June 30, 1892.
Leased in 1899 to the Union RR. Co. Capital stock,
J. H. Reed. Pres.; W. J. Post, Sec. & Aud.; G. W.
Kepler, Treas. Office, Carnegie Building, Pitts-
burgh, Pa.
Directors, U. RR. Co. (elected Jan. 13, 1902). -J. H. Reed, D. M. Clemson, Geo. E. McCagne, Wm. J. Post,
W. W. Blackburn, D. G. Kerr, G. W. Kepler, Pittsburgh, Pa. OFFICERS : J. H. REED, Pres.; D. M. Clemeon,
Vice-Pres.; G. W. Kepler, Treas.; Wm. J. Post, Sec. <& Aud., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
URSINA AND NORTH FORK BY.— Ursina (Pittsburgh Div. B. & O. RR.) to Edna Mines. Pa..
5 miles. Rail (steel), 45 to 67 Ibs. Gauge, 4 ft. 8} in. Chartered Feb. 23, 1882, as successor to the U. & N. F.
RR. Co. Locomotive, 1. Car (passenger), 1.
Operations, year ending June 30, 1901.— Earnings (passenger, $55 ; freight, $1,657), $1,712. Operating
expenses, $1,521, Net earnings, $191. Deductions, $113. Surplus, $78.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $20,000 ; advanced by stockholders
not adjusted, $10,000— total, $30,000. Contra : Cost of road, $27,000 ; equipment, §3,000— total, S30.000.
Directors (elected April 23, 1901).— Geo. J. Humbert, Connellsville, Pa.; John Murray Mitchell, Chas. W.
Hogan, Z. Taylor Emery. W. A. Kissam, New York, N. Y.; E. H. Reid, Scottdale, Pa.; I. T. Huff. Ursina. Pa.;
Wilfred Johnson, New Jersey. OFFICERS: GEO. J. HUMBERT, Pres., Connellsville, Pa. ; John Murray Mitchell,
Vice-Pres.; W. A. Kissam, Sec.; Geo. J. Bradish, Treas., New York, N. Y. GENERAL OFFICE, Ursina, Pa.
VALLEY CONNECTING RR.-Hickory Township to Sharon, Pa., 0.87 mile. Gauge, 4 ft. 8J in.
Rail (steel), 70 Ibs. Chartered July 28, 1898, and purchased the railroad as above from the Stewart Iron Co.,
Limited. The company does a terminal and switching business for connecting roads. Locomotives, 3. Service
cars, 14.
Operations, year ending June 30, 1901.— Tons freight moved, 276,425; ton-miles, 309,796. Earnings. $11,461.
Operating expenses, $10,125. Net earnings, $1,336. Payments: Taxes, $136; dividends, $1,200— total, $1,336.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), paid in, $10,000. Contra: Cost of
road and equipment, $9,600; materials, etc., $400— total, $10,000.
Directors (elected Feb. 4, 1902).— Chas. F. Phillips, Edward W. Budd, Chas. N. McClure, Sharon, Pa.;
Fayette Brown, Harvey H. Brown, D. B. Chambers, Cleveland, O. OFFICERS : SAMUEL MCCLURE, Pres. &
Gen. Mgr.; Chas. F. Phillips, Treas.; Edward W. Budd, Sec. & And., Sharon, Pa. GENERAL OFFICE, Sharon, Pa.
WASHINGTON, POTOMAC AND CHESAPEAKE RR.-Projected: Washington, D. C., to
Point Lookout, Md., 80 miles. Completed and in operation: Brandywine to Mechauicsville, ild.,21 miles.
Completed, bur, not operated: Washington. D. C., toward Brandywine, 12 miles. Gauge, 4 ft. 8$ in. Rail (steel),
56 Ibs. Graded partially from Mechanicsville to Point Lookout, about 40 miles, and on branches to Esperanza
and St. Mary's, 7 miles. Reorganization, July 27, 1901, of the Washington and Potomac RR. Co., an outline of
whose history is in the MANUAL for 1901, page 1512. The receiver has been discharged, and his accounts confirmed
by the U. S. Court. Locomotive, 1. Cars (passenger, 1 ; baggage, etc., 1), 2. Capital stock ($100 shares), $4,000,000.
No bonded debt.
Directors.— Henry W. Watson. W. S. Roney, Paul O. Kirschman. Wm. G. Yorke, Philadelphia, Pa. ; John
P. Poe, S. Johnson Poe, Edgar Allen Poe, F. Frank Smith, Baltimore, Md. ; Reed Wills, Belaton, Md. OFFICERS:
HENRY W. WATSON, Pres.; Wm. S. Roney, Sec. & Treas., Philadelphia, Pa.; W. W. Early, Gen. Mgr.,
Brandywine, Md. GENERAL OFFICE, 905 Girard Building, Philadelphia, Pa.
WASHINGTON RUN RR.— Layton Station, Pa., on main line of B. & O. RR. to Star Junction,
Fayette Co., Pa., 4 m.; terminals, 3 m.; total track (steel ; 85 Ibs.), 7 miles. Gauge, 4 ft. 8£ in. Chartered April
25,1895; road opened Jan. 8, 1900. Locomotive, 1. Cars— passenger, 1; combination, 1; freight (box, 2; flat,
2), 4-total, 6.
Operations, year ending June 30, 1901.— Trains run (passenger, 5,840; freight, 5.840; mixed, 2,920; other,
3,650), 18,250 miles. Passengers carried, 31,988; carried one mile, 111,996. Tons freight moved, 356,060; ton-miles,
1,423,128. Earnings (passenger, $5,461; freight, $29,389; other, $149), $34,999. Operating expenses, $20,529.
Net earnings, $14.470; other receipts, $560— total, $15,030. Payments : Interest on debt, $2,758; taxes, $1,118—
total, $3,876. Surplus, $11,154; surplus forward, $3,228— total, $14,382.
General Balance Sheet, June 30, inoi.— Capital stock ($50 shares), $150,000; current liabilities, $1,344;
interest accrued, not due. $1,169; other liabilities, $56,000; profit and loss, $14,383— total, §222,896. Contra: Cost
of road and equipment, $216,302; cash and current assets, $6,694— total, $222.896.
Directors (elected Jan. 4, 1902).— W. Harry Brown, E. J. Taylor, Pittsburgh, Pa.: Jno. H. Wurtz, Jno. S.
Newmyer, Dawson, Pa. ; J. Calvin Core, Alex. C. Sherrard, N. A. Rist, Vanderbilt,' Pa. ; Wm. J. Sherrard, Juniata-
Railroad Map of North Carolina and South Carolina.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1798
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY. IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
Longitude
Ruby0"*!
A
V
Longitude I West frm
NORTH CAROLINA AND SOUTH CAROLINA.
Railroad Map of North Carolina and South Carolina.
POOR'S MANUAL OF RAILROADS. 198
ville. Pa. ; M. M. Ccchran, Uniontown, Pa. OFFICERS: W. HARRY BKOWN, Pres., Pittsburgh, Pa. ; M. M. Cochran,
Vice-Pres.; Jno. H. Wurtz, Sec. & Treat.; Jno. W. Gibson, Aud., Dawson, Pa. GENERAL OFFICE, Daweon, Pa.
WEST SIDE BELT RR.— Pittsburgh, Pa., to Banksville, Pa., 3 m.: total track (steel; 56 Ibs.), 4.5
miles. Gaug2, 4 ft. 8} in. Chartered July 25, 1895, to build a road from Pittsburgh to Monongahela, Pa., 31 miles.
The Little Saw Mill Run RR. Co., owning the line from Pittsburgh to Banksville, 3 miles, was absorbed on June
25, 1897. Surveys completed and right of way secured for an additional 12 miles of road. Locomotives, 3. Cars
—passenger, 1; coal, 140— total, 141.
Operations, year ending June 30, 1901.— Trains run (passenger, 3,868 ; freight, 3,540 ; mixed, 3,868), 11,276
miles. Passengers carried, 79,762 ; carried one mile, 239,286. Tons freight moved, 154,929 ; ton-miles, 464,787.
Earnings (passenger, $3,988; freight, $24,406; other, $2,011), $30,465. Operating expenses, $17,291. Net earnings,
813,174. Deductions, $21,844. Deficit, $8,670.
Gfeneral Balance Sheet, June 30. 1901.— Capital stock ($50 shares), $1,000,000 ; funded debt, $401.500 ;
current liabilities, $9,837; interest accrued, $7,160— total, $1,418,497. Contra: Cost of road and equipment, $393,314 ;
lands owned, $64,391; property and franchises, $897,155; cash and current assets, $35,005; profit and loss, $29,632
—total, $1,418,497.
Funded debt outstanding on June 30, 1901, consisted of $140,500 mtge. 6s of Sept. 1, 1902, int. M. & S. ; and
$261,000 ($1,000,000 auth.) mtge. 5s of Sept. 1, 1947, int. M. & S.
Directors.— John S. Scully, J. W. Lee, Frank Armstrong, John S. Scully, Jr., A. L. Schultz, Geo. W.
Crawford, T. N. Barnsdall, Pittsburgh, Pa. OFFICERS : JOHN S. SCULLY, Pres. ; J. W. Lee, Vice-Pres. ; J. B.
McKown, Sec.; John S.Scully, Jr., Treas.; A. S.Petrie, Aud., Pittsburgh, Pa. GENERAL OFFICE, Pittsburgh, Pa.
WHIPPANY RIVER RR.— Morristown to Whippany, N. J., 4 m.; McEwan Bros. Co.'s RR. (oper-
ated), Whippany to Paper Mills, 0.6 m.— total, 4.6 miles. Sidings, 0.4 mile. Gauge, 4 ft. 8} in. Rail (steel), 65
Ibs. Organized Aug. 2, 1895; road opened Oct. 2, 1895. Locomotive, 1. Combination car, 1.
Operations, year ending Dec. 31, 1901.— Earnings (passenger, $1,721 ; freight, $35,747 ; other, $539),
$38,007. Operating expenses, $24,208. Net earnings, $13,799.
Financial Statement, Dec. 31, 1901. -Capital stock paid in ($100 shares), $25,000; funded debt,
$25,00(1 ; floating debt, #27,327— total, $77,327. Cost of road and equipment, $80,649.
Directors.— W. W. Cook, J. L. McEwan, R. B. McEwan, R. W. McEwan, Arthur McEwan, Frank McEwan,
Herman Behr, Whippany, N. J. OFFICERS: J. L. McEwAN, Pres.; Herman Behr, Vice-Pres.; R. B. McEwan,
Treas.; R. W. McEwan, Sec. & Sttpt., Whippany, N. J. GENERAL OFFICE, 216 Wooster St., New York, N. Y.
WILLIAMSPORT AND NORTH BRANCH RR.— Hall's to Satterfield, Pa., 44.4 m. ; Birch
Creek to Bernice. Pa., 0.6 m.— total owned, 45 m. ; leased Eagles Mere RR., Sonestown to Eagles Mere, Pa.. 8 m.
—total operated, 53 miles. Sidings (owned, 10 m. ; leased, 1.82 m.), 11.82 miles. Gauges, 3 ft. (E. M. RR.) and 4 ft.
9 in. Rail (steel, 64. 22 m.), 56 and 70 Ibs. Reorganization, Sept. 1, 1882, of the Muncy Creek RR. Co. (See MANUAL
for 1895, page 67.) Under its charter the company has the right to own coal lands and to engage in mining
operations. Locomotives, 8. Cars— passenger, 12 ; baggage, etc., 5 ; freight (box, 1; flat, 18), 19 ; service, 2—
total, 38.
Operations, year ending June 30, 1901.— Trains run (passenger, 76,965 ; freight, 33.366 ; mixed, 15,459 ;
other, 4.878), 130,668 miles. Passengers carried, 80,996; carried one mile, 1,158,553. Tons freight moved, 152,121;
ton-miles, 4,687,877. Earnings (passenger, $28,281; freight, $81,709; other, $4,745), $114,735. Operating expenses,
$75,702. Net earnings, $39,033; other receipts, $543— total, $39,576. Payments: Interest on bonds, $30,000; other
interest, $307; rental (E. M. RR.), $1,667; taxes, $2,884— total, $34,858. Surplus, $4,718; surplus forward, $9,740—
total, $14,458.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($925,302 common, $300,000 preferred ;
$50 shares), $1,225,302 ; funded debt (see below), $600,000 ; current liabilities, $33,853 ; profit and loss, $14,458—
total, $1,873,673. Contra : Cost of road. $1,716,044 ; equipment, $76.765 ; stocks owned, $4,950 ; lands owned,
$39,827; other permanent investments, $13,307; materials, etc., $8,958; cash and current assets, $11,051; other
assets, $2,771— total, $1,873,673.
The capital stock authorized amounts to $2,300,000 in $50 shares, $2,000,000 thereof being common stock and
the balance ($300,000) preferred stock.
Under date of July 1, 1901, the company executed a mortgage in favor of the Fidelity Insurance, Trust, and
Safe Deposit Co., Philadelphia, Pa., as trustee, to secure an issue of $750,000 refunding 1st mtge. 4£ p. c. 30-yr.
E 1,000 gold bonds due July 1, 1931, interest payable Jan. and July, at the office of the trustee. There have been
isned $500,000 of the bonds to replace the $600,000 of 5 p. c. bonds outstanding on June 30, 1901, while the
remaining $250,000 are to be issued only for extensions and at a rate not to exceed $15,000 per mile. The bonds
are in coupon form, with privilege of registration as to principal. Both principal and interest are payable in gold,
free of all taxes.
EAGLES MERERR. — Sonestown to Eagles Mere,
Pa., 8 miles. Rail (steel), 30 Ibs. Gauge, 3 ft.
Chartered Sept. 11, 1891; road opened as above In
1892. Leased for 99 years from March 1, 1901, to
the WilHamsport and North Branch RR. Co., at
an annual rental of $5,000. Balance Sheet, June 30,
1901.— Capital stock paid In ($100,000 auth.; $5
shares), $50,000; funded debt (1st 5s of Sept. 1,
1925, Int. M. & S.), $83,500; time obligations,
$23.094— total, $156,594. Contra: Cost of road,
$119,532; equipment, $13,063; stocks owned, $24,000
— total, $156,594. C. William Woddrop, Pres.,
Hughesville, Pa.; Joel H. De Victor, 1st Vice-Pres.,
Philadelphia, Pa.; J. R. T. Ryan, 2d Vice-Pres.,
WilHamsport, Pa.; B. Harvey Welch, Sec. &
Treas., Hughesville, Pa. Office, Philadelphia, Pa.
Directors. W. & N. B. RR. Co. (elected May 15, 1901).— Horace H. Farrier, Jersey City. N. J. ; Henry C.
Adams, New York, N. Y.; S. D. Townsend, C. Wm. Woddrop, B. Harvey Welch, Hughesville, Pa.; John M.
Satterfield, Buffalo, N. Y.; S. T. McCormick, WilHamsport, Pa. OFFICERS : B. HARVEY WELCH, Pm^Husrhes-
ville, Pa.; Horace H. Farrier, 1st Vice-Pres., Jersey City, N. J.; C. Wm. Woddrop, 2d Vice-Pres., Hughesville,
Pa.; Henry C. Adams, Sec. & Treas., New York, N. Y.; S. D. Townsend, Gen. Mgr.; Chas. E. Mosser, Gen.
Aud., Hughesville, Pa. GENERAL OFFICE, Hughesville, Pa.
WILLIAM'S VALLEY RR.— Brookside, Schnylkill Co., to Lykens, Pa., 12 miles. Rail (steel),
60 His. Gauge, 4 ft. 8J in. Chartered Sept. 19, 1891; charter amended Nov. 24, 1891; road opened July 1, 1892.
Locomotive, 1. Cars (passengerl, 3.
Operations, year ending June 30, 1901.— Trains run, 47,970 miles. Passengers carried, 79,811; carried one
mile, 957,732. Tons freight moved, 24,603 ; ton-miles, 295,236. Earnings (passenger, $8,436 ; freight, $13,158 ;
other $1 025) $22619 Operating expenses, $16,428. Net earnings, $6,191. Payments: Interest on bonds, $5,220;
other interest $542- taxes, £<i09— total, $6,371. Deficit, $180; surplus forward, $28,914: net surplus, $28,734.
General Balance Sheet, June 30, 1901. -Capital stock paid in ($120,000 auth.; $50 shares). $90,000;
funded debt (1st 6s of Dec. 1, 1911, int. J. & D.), $87,000; current liabilities, $16.583; profit and loss, $28,734-total,
$222,317. Contra: Cost of road and equipment, $201,434; cash and current assets, $5,471; other assets, $15,412—
total $222 317
Directors (elected Jan. 14, 1002). -John Jameson, A. F. Baker, C. M. Kaufman, E. F. Philips, Tower City,
Pa.; Amos Lebo, J. W. Durbin, Williamstown, Pa.; Edward Lebo, M. F. Moyer, Lykens, Pa.; Isaac Mossop,
Wiconisco, Pa. OFFICERS : JOHN JAMESON, Pres.; E. F. Philips, Treas.; C. M. Kaufman, Sec., Aud., <fc Gen.
Traf. Mgr., Tower City, Pa. GENERAL OFFICE, Tower City, Pa.
13
POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GROUP.
SOUTH ATLANTIC GROUP— States of Virginia, West Virginia,
North Carolina, South Carolina, Georgia and Florida.
ATLANTA AND WEST POINT BAILROAD COMPANY,
Line of Road Owned.— Atlanta, Ga., to West Point, Ga 86.20 m.
LEASED : Atlanta Belt Line : Oakland to Atlanta, Ga 6.00 m. — 92.20 miles.
2d track, 2.11 m.; sidings, etc., 14.76 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 to 80 Ibs.
History. — Organized in i860 as successor to the old Atlanta and Lagrange RR. Co.
(see MANUAL for 1890, page 346). Included in length of road is 0.5 in. of trackage over the
Central of Georgia Ry., from Nelson Street to Union Depot, in Atlanta. The Atlanta Belt
Line is leased for 99 years from Dec. 1, 1900, at a rental of $16,000 per annum, the lease in-
cluding joint use of agency and terminal in Atlanta, leased by the Atlanta Belt Line from
the Georgia RR., for a term of years expiring April 1, 1980.
Rolling Stock, June 30, 1901. — Locomotives, 17. Cars — passenger, 14; combination,
2 ; dining (£ interest), 1 ; baggage, mail, and postal, 8 ; freight (box, 3G6; flat, 98 ; coal, 65 ;
refrigerator, 2), 531 ; service, 21 — total cars, 577.
Operations, year ending June 30, 1901. — Train mileage— passenger, 300,214; freight,
160,277— total, 460,491 miles. Passengers carried, 411,504; carried one miie, 11,334,530;
average mile rate, 2.20 cents. Tons freight moved, 435,626 ; moved one mile, 30,829,653 ;
average ton-mile rate, 1.33 cents.
Expenses— Maint. of Way and Structures $97,619 34
Maintenance of Equipment 133,308 17
Conducting Transportation 217,01155
General Expenses 37,680 39
Total ($5,634.33 per mile) $485,679 45
Earnings— Passenger $249,655 63
Freight 410,30830
Mail and Express 73,211 13
Miscellaneous 7,513 65
Total ($8,592.68 per mile) $740,688 61
Net earnings (34.43 p. c.), $255,009.16; other receipts, $3,832.50— total, $258,841.66.
Payments : Interest on funded debt, $73,932 ; taxes, $21,227.54 ; dividends (6 p. c.), $73,932 ;
reserve for improvements, $56,088.10 ; rental Atlanta Belt Line, $9,333.33 ; sundry accounts,
$14,303.50— total, $248,816.47. Surplus, $10,025.19 ; surplus forward, $92,812.21— total,
$102,837.40.
Capital stock, bonded debt, income, etc., for eight years ending June 30 :
Years
• Stock.
Certifi-
cates of
Indebt's.
Cost of
Road.
RR.
Oper-
ated.
Gross
Earn-
ings.
Expenses
& Taxes.
Net
Earn-
ings.
Net
In-
come.
In-
terest
Paid.
dends
Paid.
Balance,
5
$
$
Miles.
$
I
$
$
$
$
$
1894.
.1,232,200
1,232,200
2,464,400
86.20
483,339
302,148
181,191
189,492
73,932
73.932
41.628
1895.
.1,232,200
1,232,200
2,464,400
86.20
474,022
292,447
181,575
184,521
73,932
73,932
32,650
1896.
.1,232,200
1,232,200
2,464,400
86.20
534,115
338,057
196,058
202,416
73.1132
73,932
146
1897.
.1,232,200
1,232,200
2,464,400
86.20
554,447
353,325
201,122
214,141
73,932
73,932
1,567
1898.
.1,232,200
1,232,200
2,464,400
86.20
575,2o9
369,503
205.756
222,636
73,932
73.932
3,983
1899.
.1,232,200
1,232,200
2,464,400
86.20
606,664
3«9.960
216,704
224,500
73,932
73.U32
1.211
1900.
.1,232,200
1,232,200
2,464,400
86.20
702,472
450,427
246,045
256,666
73,932
73.932
22,252
1901.
.1,232,200
1,232,200
2,464,400
92.20
740,689
506.907
233,782
237,614
73,932
73,932
10,025
General Balance Sheet, June 30, 1901.
Franchise and Property $2,464,400 00
Material and Supplies 51,45626
Current Accounts 36,593 68
Cash in Banks and on Hand 187,834 41
Cash in Transit 10,804 30
Total Assets $2,750,088 65
Capital Stock $1,232,200 00
Certificates of Indebtedness 1,232,200 00
Interest Accrued, not yet Payable 36,966 00
Reserve for Improvements 60,00000
Current Liabilities 85,885 25
Profit and Loss 102,837 40
Total Liabilities $2,750,088 65
Certificates of Indebtedness.— The certificates of indebtedness were issued in 1881 in the
shape of a dividend. They are for $100 each, or multiples thereof, in registered form, bearing interest
at 6 p. c. per annum, payable Jan. and July, in Atlanta, Ga. They are dated July, 1881, and payable at
the option of the company.
POOR'S MANUAL OF RAILROADS.
195
RAILROAD LEASED BY THE ATLANTA AND WEST POINT RR. Co.
Atlanta Belt Line.— Oakland to Atlanta,
Ga., 6 miles. Gauge, 4 ft. 8i In. Ball (steel), 60
Ibs. Chartered Oct. 17, 1899; road opened Dec. 1,
1900. Leased to the A. & W. P. RR. Co. for 99
years from Dec. 1, 1900, at a rental of $16,000 per
annum. This company has Joint use of agency
and terminals In Atlanta, under a lease from the
Georgia RR., for a term of years expiring April
1, 1980. Capital stock paid In ($500,000 a nth.),
$400,000, representing cost of road. C. A. Wicker-
sham, Pres. ; F. H. Hill, Sec. & Treas. ; F. A. Healy,
And.. Atlanta, Ga.
Board of Directors, A. & W. P. JBB. Co., elected October 11, 1900.
Chas A Wickersham. Atlanta, Ga. W. B. Berry Newman, Ga. M. H. Smith Louisville, Ky.
JohnM.Bgan Savannah, Ga. H. C. Fisher " " H.Walters Wilmington, N. C.
J. F. Hanson Macon, Ga.
CHAS. A. WICKERSHAM, President and General Manager Atlanta, Ga.
Secretary and Treasurer— V. H. Hill Atlanta, Ga. | Auditor— IF. A. Healy Atlanta, Ga.
PRINCIPAL OFFICE AND ADDRESS Atlanta, Ga.
ATLANTIC COAST LINE COMPANY.
(For map of this system, see page 198.)
Organization and Property. — This company was organized on May 29, 1889, under the
laws of Connecticut. On June 30, 1901, it owned or controlled a connected system of rail-
roads extending from Richmond, Va., and Norfolk, Va., to Wilmington, N. C., Charleston
and Port Royal, S. C., and Augusta, Ga., a total length of 2,210.58 miles. The so-called
Plant System of railroads, comprising the Savannah, Florida and Western Ry., the Sanford
and St. Petersburg RR. and The Florida Southern RR., with an aggregate mileage of
2,227.25, was added to this system as of July 1, 1902. (See GENERAL INDEX, for Plant
System.) The railroads named extend from Charleston, S. C., to Punta Gorda, Fla., and to
Montgomery, Ala., reaching Savannah and Brunswick in Georgia, Jacksonville and Tampa
in Florida. The following statement shows the mileage of the Atlantic Coast Line System
on July 1,1902:
Railroads embraced in System, June 30, 1901.
Atlantic Coast Line RR. and Leased Lines 1,801.38 miles.
Charleston and Western Carolina Ry 889.58 "
Northwestern RR. of South Carolina 69.62 "
Railroads added to System, July 1, 1902.
Savannah, Florida and Western Ry 1,830.39 "
Sanford and St. Petersburg RR 153.38 "
The Florida Southern RR 243.53 "
Total mileage of lines controlled by A. C. L. Co., July 1, 1902 4,437.83 miles.
Summary of Controlled Roads. — The following statements exhibit the mileage, equip-
ment, capitalization, and cost of the railroads embraced in the system on June 30, 1901,
together with the results of operating them for the fiscal year ending on the same date :
Mileage, equipment, and capital accounts, all lines, June 30, 1901.
RAILROADS.
MILEAGE.
Locomotives.
REVENUE CABS.
CAPITAL LIABILITIES.
Cost of
Road and
Equip-
ment.
Main
Track.
Total
Track.
Steel
Rails.
, L-'
PH ^
IP
1
£
Stocks.
Bonds.
Total.
Atlantic C. L. RR...
Central RR. of S. C..
S.C. Pacific RR
Chart. & W. Car. Ry
Augusta Term. Ry. .
N.W. RR. of S. C...
Total*
M.
1,716.20
40.20
10.50
339.58
M.
1,976.07
41.71
12.23
[ 390.05
65.82
M.
1,647.38
40.20
10.50
367.41
23.70
200
132
40
6,295
34,740,200
170,000
100,000
1,200,000
100,000
S
24,526,500
300,000
104.600
5,150,000
285,000
$
59,266,700
470,000
204,600
6,350,000
885,000
$
59,698,526
470,000
204,600
6,331,754
837,390
29
4
233
28
3
163
1
867
65.53
2,172.01
2,485.88
2,089.19
41
7,162
36,310,200
30,366,100
66,676,300
67,042,570
196
POOR'S MANUAL OP RAILROADS— SOUTH ATLANTIC GROUP.
Traffic operations and gross earnings, year ending June 30, 1901 :
RAILROADS.
TRAIN MILEAGE.
PASS. TRAFFIC.
FHEIGHT TRAFFIC.
GROSS EARNINGS.
Pas-
senger.
Freight.
Pas-
sengers.
Mileage.
Tons.
Ton-
Miles.
Pas-
senger.
Freight.
All
Sources.
Atlantic C. L. RR
Charl. & W. Car. Ry.
N. W. RR. of S. C...
M.
2,185,863
281,469
M.
2,498,458
400,697
No.
1,672,262
229,367
M.
68,570,437
7,004,587
No.
2,891,554
561,625
M.
373,948,780
41,871,997
1,541.392
165,3(39
9,579
S
5,620,460
675,253
56,966
$
7,915,099
963,297
71,548
Totals
2,466,732
2,905,155
1,901,629
75,575,024
3,453,179
415,820,777
1,716,340
6,352,679
8,949,944
Net revenue and payments therefrom, year ending June 30, 1901:
RAILROADS.
NET REVENUE.
PAYMENTS FROM AVAILABLE REVENUE.
Surplus
or
Deficit.
Net
Earn-
ings.
Other
Re-
ceipts.
Net
Income.
Interest
on
Bonds.
Dividends.
Other
Charges.
Total
Pay-
ments.
Atlantic Coast Line RR )
«
3,270,270
232.753
39,186
$
62,916
2,474
2,430
$
3,333,186
235,227
41,616
$
( 1,190,070
\ 18,000
( 6,276
I 136,000
| 30,000
7,017
S
1,328,263
12,000
p.c.
S
340,181
1,000
S
1 2,895,790
j- 225,605
16,561
$
437,396
9,622
25,055
Central RR. of So. Car . . . . V
South Carolina Pac. Ry . . . )
Charleston & West. Car. Ry. I
Augusta Terminal Ry (
Northwestern RR. of So. Car. .
Totals
53,605
6,000
6
3,544
3,542,209
67,820
3,610,029
1,393,363
1,346,263
398,330
3,137,956
472,073
General Balance Sheet, Atlantic Coast Line Company, January 15, 1902.
ASSETS.
Bonds and Stocks (total, $11,000,000) Deposited with Safe Deposit and Trust Co. of Baltimore,
trustee, to secure issues of Certificates of Indebtedness:
$1,550,000 4 p. c. bonds, Atlantic Coast Line RR. Co. of S. C $1,550,000 00
500,0004 p. c. bonds, Albemarle and Raleigh RR. Co 500,00000
300,000 4 p. c. bonds, Wilmington and New Bern RR. Co.. 300,000 00
350,000 4 p. c. bonds, Yadkin Div., Wilmington and Weldon RR. Co 350,000 00
83,000 shares Preferred Stock, Atlantic Coast Line RR. Co 8,300,00000
Other securities owned (total, $12,552,801.26):
44,627 shares Preferred Stock, Atlantic Coast Line RR. Co 4,402,70000
97,065 shares Common Stock, Atlantic Coast Line RR. Co 7,279,87500
500 shares Stock, Wilson and Summerton RR. Co 50,000 00
Bonds of Sundry Railroad Companies ($960,100 at par) 760,226 26
Other Investments 364,371 97
Advances to Railroad Companies 25,566 54
Bills Receivable 183,241 02
Real Estate and Building, Washington, D. C 135,000
Investments of Deposits for Renewal of Rails Fund 224,926 98
Cash on Deposit 674,350 3!
Total Assets ..$25,160,258 15
LIABILITIES.
Capital Stock paid in ($30,000,000 authorized; $100 shares) $10,000,000 00
5 p. c. Certificates of Indebtedness 5,000,000
4 p. c. Certificates of Indebtedness 5,000,000 i
Insurance Fund
Deposits for Renewal of Rails 230,305
Due to Companies and Others 123,478
Profit and Loss 4,770,216 56
Total Liabilities $25,160,258 15
Certificates of Indebtedness. — The 5 p. c. certificates are authorized to the amount of $6,-
000,000, the $1,000,000 unissued being reserved for the general purposes of the company. They are irredeem-
able, save that they rank as a claim against the company in preference to the capital stock only. The 4 p. c.
certificates are redeemable at the option of the company at any time after 20 years from Nov. 1, 1900, at
105 p. c. and accrued interest. The $11,000,000 of securities of controlled companies designated on the
General Balance Sheet are deposited in trust with the Safe Deposit and Trust Co. of Baltimore, Md., to
secure the principal and interest of both issues of certificates equally. Interest is payable (on 5s, J. & D. ;
on 4s, J. & J.), if earned in each half year, and is non-cumulative. It takes precedence of dividends on the
stock only. The certificates are in denominations of $100 and multiples thereof. They are in registered
form, but are transferable on the books of the company when an assignment is endorsed on them. It is
provided that no mortgage can be made on the company's property without the consent of at least two-
thirds in amount of the certificates then outstanding, given at the meeting of the stockholders at which
such mortgage may be authorized, certificate holders to have the right of casting one vote for every $100
of certificates held by them. It is also provided that in case of any such mortgage being authorized
the holders of the certificates of indebtedness are to have the option of exchanging these at par in lots
POORS MANUAL— ATLANTIC COAST LINE SYSTEM.
197
of $1,000 or multiples thereof for the bonds or other evidences of indebtedness secured by such mortgage,
it being required, however, that the company shall be notified within sixty days after the date of the
meeting at which the mortgage may be authorized, of any desire to make such an exchange.
Directors. — Henry Walters, W. Q. Elliott, Wilmington, N. C. ; Warren Delano, Jr., East
Orange, N. J.; Michael Jenkins, Baltimore, Md. ; A. Brandegee, New London, Conn.
HENRY WALTERS, President Wilmington, N. C.
Michael Jenkins, Vice-President Baltimore, Md.
Treasurer— Waldo Newcomer Baltimore, Md. I Asst. Secretary — Goodwin Stoddard. . Bridgeport, Conn.
Secretary— W. G. Elliott Wilmington, N. C. | Asst. Treasurer— PL. Brandegee New London, Conn.
Assistant Treasurer. - J. J. Nelligan Baltimore, Mo.
GENERAL OFFICE Bridgeport, Conn.
ATLANTIC COAST LINE SYSTEM.— ATLANTIC COAST LINE RR. CO.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of.. 8 Guarant'd Bonds, Description of 11 Mileage Operated, June 30, 1901 1
Certificates of Indebtedness, De- History 3 Mileage Operated. June 30, I1, (tt. 2
scription of 9 Income Account, June 30, 1901. 6 Operations, Earnings, & Exp .. 6
Directors and Officers 14 Investments, Miscellaneous 12 Operations, Traffic Statistics. .. 6
Earnings, Expenses, etc 6 Joint Interests, Particulars of .. 4 Rolling Stock 5
Funded Debt, Description of .. 10 Leased Lines, Statements of ... 13 Trackage Contracts, Terms of . 2
Gen. Bal. Sheet, June 30, 1901.. 7 Leases, Terms of 3
1. Mileage Operated, June 30, 1901.— J.. LINES OWNED (1.716.20 miles).
Main Line : Richmond, Va. to Charleston, S. C 392.20 miles.
Norfolk Division : Norfolk, Va., to South Rocky Mount, N. C 114.87 "
Wilmington Division : Wilmington, N. C., to Contentnea, N. C 105.00 "
Tadkin Division : Wilmington Junction, N. C., to Sanford, N. C 116.40 "
Pee Dee Division : Wilmington, N. C., to Pee Dee, S. C 97 18
Augusta Division : Florence, S. C., to Robbins, S. C 137.50 ''
Columbia Division : Sumter, S. C., to Columbia, S. C 42.70 "
James River Branch : Clopton to James River, Va 4. 55 "
Petersburg Belt Line : Dunlops to Acree, Va 5 . 75 "
Petersburg & Western Branch : Petersburg to N. & W . June., Va 3. 15 "
Pig Point Branch : Bruce to Pig Point, Va 6 . 53 "
Bennett's Pasture Branch : Drivers to Bennett's Pasture, Va 1 .55 "
Portsmouth Branch : Armistead to S. & R. RR 1 . 13 "
Plymouth Branch : Tarboro to Plymouth, N. C 53 89 "
Scotland Neck Branch : Pender to Kinston, N. C 85.82 "
Washington Branch : Parmele to Washington, N. C 25.39 "
Spring Hope Branch : Rocky Mount to Spring Hope, N. C 19 . 20 "
Clinton Branch : Warsaw to Clinton, N. C 13 . 43 "
Midland Branch : Qoldsboro Junction to Smithfield, N. C 21 . 50 "
New Bern Branch: Wilmington to New Bern, N. C 90.32
Bennettsville Branch : Parkton, N. C., to S. C. State Line 34.44 "
Conway Branch : Elrod, N. C., to Conway, S. C 71 . 38 "
Clio Branch : Latta to Clio, S. C 19. 78 "
Wadesboro Branch: Florence, S. C., to Wadesboro, N. C 64.52 "
Hartsville Branch : Floyds to Hartsville, S. C 10.00 "
Gibson Branch : Darlington, S. C., to Gibson, N. C. 36 64 "
Pregnalls Branch : Creston to Pregnalls, S. C 40. 81 "
Ferguson Branch : Eutawville to Ferguson, S. C 6. 16 "
Darlington Branch : Surnter to Darlington, S. C 37.64 "
Lucknow Branch : Elliotts to Lucknow, S. C 16 . 48 "
Sundry Spurs : To Factories, Mills, etc., in Va., N. C., and S. C 40.29
B. LEASED LINES (total, 53.99 miles).
South Carolina Pacific By.: N. C. Line to Bennettsville, S. C 10.50 "
Central RR. of South Carolina : Lanes to Sumter, S. C 40. 20 "
Wilmington Dummy Line : Wilmington, N. C ^. . 1 .25 "
Sundry Spurs : To Factories, Mills, etc., in S. C 2.04 ''
C. TRACKAGE RIGHTS (total, 31.19 miles).
Seaboard & Roanoke RR.: S. & R. Jc. to Weldon, N. C 2.89 "
Charleston & Western Carolina Ry.: Robbins, S. C., to Augusta, Ga 28.80 "
Total length of lines owned, leased, and operated, June 30, 1901 1,801.38 miles.
Sidings (owned, 259.87 m.), 266.87 miles. Gauge, 4 ft. 9 in. Pail (steel, 1,732.56 m.), 45 to
70 Ibs.
MAP OF THE
' ATLANTIC COAST LINE
19O2.
108
POOR'S MANUAL — ATLANTIC COAST LINE SYSTEM. 199
2. History.— Consolidation, effective May 1, 1900, of the Atlantic Coast Line RR. Co. of
Virginia, the Atlantic Coast Line RR. Co. of South Carolina, the Norfolk and Carolina RR.
Co., the Wilmington and Weldon RR. Co., and the Southeastern RR. Co. of Noith Carolina
(see MANUAL for 1901, pages 329-330). On May 13, 1902, the company was consolidated with
the S.ivannah, Florida and Western Ry. Co., the consolidated corporation retaining the name
of Atlantic Coast Line RR. Co. The consolidation went into effect on July 1, 1902, after
which the mileage operated by the company was as follows :
Lines owned on June 30, 1901, as shown in Sec. 1 1,716.20 m.
Acquired by consolidation with S., F. & W. Ry. Co 1,779.77 m. — 3,495.97 miles.
Lines operated under lease, June 30, 1901, as shown in Sec. 1. 53.99 m.
Winston and Bone Valley RR. (taken over with S., F. & W.
Ry., July 1,1902) 27.79m.— 81.78 "
Joint trackage rights, June 30, 1901, as shown in Sec. 1. ... 31.19 m.
Rights acquired from S., F. & W. Ry. Co 22.83 m.— 54.02 "
Total length of lines operated by A. C. L. RR. Co., July 1, 1902 3,631.77 miles.
3. Leases and Trackage Contracts. — The Central RR. of South Carolina is leased at a
rental of $31,000 a year, and the South Carolina Pacific Ry. at a rental of the interest on its
bonds. The Wilmington Street Ry. Co.'s dummy line is leased until 1935, at a rental of $3,000
a year. The tracks of the Seaboard and Roanoke RR. are used to reach the railroad shed at
Weldon, N. C., the company paying as rental under the contract $469.34 a month, besides
one-half the cost of maintenance, etc. Under the contract with the Charleston and Western
Carolina Ry. Co., this company's trains are run solid, from Robbins, S. C., into and out of
Augusta, Ga., making the Atlantic Coast Line RR. an initial line at the latter point.
4. Joint Interests. — This company and the Louisville and Nashville RR. Co. are joint
lessees of the Georgia RR. and joint owners of the Atlanta Belt Line Co. This company
owns a one-sixth interest in the Richmond- Washington Co. and a one-third interest in the
Chesapeake Steamship Co. The Richmond- Washington Co. is a corporation formed for the
purpose of operating the railroad connecting the south end of the Long Bridge, at Washing-
ton, D. C., with Richmond, Va. The Chesapeake Steamship Co. operates steamship lines
between Baltimore and Norfolk, and between Baltimore and York River in Virginia. The
Wilmington Ry. Bridge, whose length, 2.15 miles, is included in the mileage of the Pee Dee
Division in Sec. 1, is owned by this company and the Seaboard Air Line RR., conjointly, and
its bonds are guaranteed by the owners each, one-half. A joint passenger station at Colum-
bia, S. C., has been constructed by this company and the Southern Ry. Co., and committees
have in charge the erection of union passenger stations at Augusta, Ga., and at Charleston, S. C.
5. Bulling Stock, June 30, 1901. — Locomotives, 198 ; dummies, 2. Cars — passenger,
100; combination, 32; baggage, express, and postal, 40; freight (box, 4,256; stock, 58;
flat, 1,451 ; log, 530), 6,295 — total revenue cars, 6,472. Also, 278 service cars. The company
also owns one tug boat, one passenger barge, and seven freight barges.
5a. Boiling Stock, July 1, 1902. — Locomotives, 424. Cars — passenger, mail, baggage
and express, 477; freight, 13,071 — total, 13,548. Against this equipment there is a liability,
under car trusts unmatured, of about $400,000.
6. Operations, year ending June 30, 1901. — Train mileage — passenger, 2,133,351 ;
freight, 2,342,723 ; mixed, 207,647 ; other, 26,028— total, 4,709,749 miles. Passengers car-
ried, 1,672,262 ; carried one mile, 68,570,437 ; average mile rate, 2.2 cents. Tons freight
moved, 2,891,554 ; moved one mile, 373,948,780; average ton-mile rate, 1.5 cents.
EARNINGS. 1899-00 1900-01
(1,759.41 m.) (1,801.38m.)
Passenger $1,529,21855 $1,541,39233
Freight 5,245.30656 5,620,46018
Mail and Express. ..-. 463,747 79 459,810 35
Miscellaneous 348,472 66 293,436 48
Totals 87,586,745 56 $7,915,099 34
Totals per Mile 4,306 41 4,393 91
EXPENSES. 1899-00 1900-01
(1,759.41 m.) (1,801.38 m.)
Maint. of Way and Struct. . $1,143,671 09 $1,087,005 00
Maintenance Equipment... 938,38175 1,069,06662
Conducting Transportation 2,023,394 79 2,289,832 20
General Expenses 206,150 62 198,925 45
Totals $4,311,598 25 $4,644,829 27
Totals per Mile 2,45059 2,57848
Net earnings, 1900-01 (41.82 p. c.), $3,270,270.07 ; other income, $62,915.56— total,
$3,333,185.63. Payments: Taxes, $332,000; interest on funded debt, $1,190,070; other
interest, $8,181.60 ; rentals (Central RR. of S. C., $31,000 ; Sputh Carolina Pacific, $6,276),
200 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
$37,276 ; dividends on preferred stock (5 p. c.), $931,007.50 ; on common stock (2^ p. c.),
$397,255— total, $2,895,790.10. Surplus, $437,395.53 ; surplus forward, $2,344,636.67— total,
$2,782,032.20. Deductions for year, $424,862.89. Surplus, June 30, 1901, $2,357,169.31.
7. General Balance Sheet, June 80, 1901.
Cost of Road and Equipment $59,698,826 13
Other Investments (see Sec. 12) 727,415 31
Agents, Railroads, and Others 2,807,504 88
Bills Receivable 98,777 76
Deposited to Pay Coupons and Dividends 343,001 56
Cash on Hand 178,454 32
Total Assets $63,853,979
Common Stock $15,890,200 00
Preferred Stock 18,850,000 00
Certificates of Indebtedness (see Sec. 9). 5,880,000 00
Bonded Debt (see Sec. 10) 18,646,50000
Current Liabilities 2,230,11065
Profit and Loss 2,357,169 31
Total Liabilities $63,853,979 96
8. Capitalization of Consolidated Company, July 1, 19O2.— The capital liabilities of
the consolidated company upon the completion of the consolidation will be about as follows: Common
stock, $23,150,000; preferred stock, 5 p. c. non-cumulative, $18,850,000; certificates of indebtedness, $5,880,000;
bonded debt, $66,134,000; equipment notes, $200,000— total, $114,214,000. The common stock includes the
$1,000,000 Class A stock of the Atlantic Coast Line RR. Co. of Virginia, which is exempt from taxation in
* that state (see Manual for 1900, page 345). Par value of capital stock, $100 per share.
9. Certificates of Indebtedness.— These are in three issues as follows: $2,500,000 irredeemable
certificates, issued as a scrip dividend in 1887 by the Wilmington and Weldon RR. Co., interest 7 p. c. per
annum, payable April and Oct., if earned, non-cumulative; $380,000 special trust 6 p. c. certificates due in
1937, issued by the Wilmington and Weldon RR. Co., interest May and Nov.; and $3,000,000 4 p. c.
certificates issued by the Atlantic Coast Line RR. Co., delivered in exchange for the preferred stock of
the Atlantic Coast Line RR. Co. of S. C., and used for other purposes, interest Jan. and July. Interest
payable at office of treasurer, Wilmington, N. C.
9a. Retirement of Certificates of Indebtedness.— In the mortgage securing the new 1st
consol. mtge. bonds (see Sec. 11) an amount of the new bonds was set apart for the purpose of taking
up and discharging the three issues of certificates of indebtedness. On July 10, 1902, the holders of more
than 75 p. c. of the certificates had consented to the terms of exchange.
10. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $18,646,500, as per gen-
eral balance sheet — consisted of the several issues of bonds, listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the state-
ment; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready
Reference Bond List — see General Index:
$24,500 R. & P. RR. 1st 7s of May 1, 1915, int. M. & N.
316,000 R. & P. RR. 1st Cs of May 1, 1915, int. M. & N.
300,000 K. & P. consol. gold 4js of April 1, 1940.
868,000 Pet. RR. Class A gold 5s of July 1, 1926.
800,000 Pet. RR. Class B gold 6s of Oct. 1, 1926.
1,320,000 N. & C. RR. 1st gold 5s of April 1, 1939.
400,000 N. & C. RR. 2d gold 5s of Jan. 1, 1946.
3,062,000 W. & W. Gen. 1st gold 5s of July 1, 1935.
$500,000 A. & R. RR. 1st gold 4s of Jan. 1, 1944.
500,000 W. & N. B. RR. 1st gold 4s of Aug. 1, 1947.
1,800,000 W. & W. Yad. Div. gold 4s of June 1, 1949.
5,547,000 A. C. L. of S. C. gen. gold 4s of July 1, 1948.
1,600,000 W., C. & A. RR. 1st gold 6s of June 1, 1910.
657,000 N. E. RR. con. gold 6s of Jan. 1, 1933.
9,000 M. & A. RR. 1st gold 5s of Jan. 1, 1943.
5,000 C. & D. RR. 1st gold 5s of April 1, 1938.
938,000 W. & W. Gen. 1st gold 4s of July 1, 1935.
RICHMOND AND PETERSBURG RR. BONDS. — Both issues of 1st mtge. bonds are secured by the same mort-
gage, being a lien on the main line from Richmond to Petersburg, Va., 23 miles. Consol. mtge.
bonds are secured by first mortgage on the James River Branch and by second mortgage on the line from
Richmond to Petersburg, Va. The authorized issue is $1,000,000, and $400,000 thereof is reserved for the
retirement of the 1st mtge. bonds.
PETERSBURG RR. BONDS. — Both issues are secured by first mortgage on the line from Petersburg, Va., to
Gary, N. C., 58 miles. Class A and Class B are secured by different mortgages. The authorized issue of
either class is $1,000,000.
NORFOLK AND CAROLINA RR. BONDS. — Secured in the order of priority on the main line from Pinner's
Point (Norfolk), Va., to Tarboro, N. C., 100.49 m. ; on the Pig Point, Bennett's Pasture and Portsmouth
Branches, 9.21 m. ; and on 1.63 miles of spurs; in all 111.33 miles. The authorized issue of 1st mtge.
bonds is $1,500,000, and of 2d mtge. bonds $500,000.
WILMINGTON AND WELDON GENERAL FIRST MORTGAGE BONDS. — Both issues are secured by the same
mortgage, being a lien on the following mileage: Wilmington to Weldon, N. C., 161.4 m. ; Pender to Einston,
N. C., 85.82 m. ; Goldsboro Junction to Smithfield, N. C., 21.5 m. ; Contentnea, N. C., to South Carolina State
Line in the direction of Pee Dee, 116.2 m. ; Rocky Mount to Spring Hope, N. C., 19.2 m. ; Warsaw to Clinton,
N. C., 13.43 m.; Parmele to Washington, N. C., 25.39 m. ; sundry spurs, 15.88 m.— total, 458.82 miles.
ALBEMARLE AND RALEIGH RR. BONDS. — Secured by first mortgage on the Tarboro Branch, from Rocky
Mount to Plymouth, N. C., 68.27 miles.
WILMINGTON AND NEW BERN RR. BONDS.— Secured by first mortgage on the New Bern Branch.
WILMINGTON AND WELDON RR. YADKIN DIVISION BONDS.— Secured by first mortgage on main line from
Wilmington to Sanford, N. C., 118.61 m., and on the branch from Fayetteville, N. C., to State Line, S. C., 46.75
miles.
ATLANTIC COAST LINE OF SOUTH CAROLINA GENERAL MORTGAGE BONDS. — Secured by first mortgage on the
main lines from N. C. State Line to Pee Dee, S. C., 24.63 m., and from Denmark to Robbins, S. C., 34.71 m. ;
on the Gibson, Darlington, Clio and Ferguson Branches, 100.22 m. ; on the section of the Conway Branch
extending from Boardman to Conway, S. C., 50 m. (the rest of that branch is not covered by any mortgage);
and on the section of the Pregnalls Branch extending from Elloree to Creston, S. C., 6.21 m.; a total of
215.77 miles. Also secured by general mortgage on the main lines from Wilmington, N. C., to Columbia,
S. C., 191.7 m. ; from Florence to Charleston, S. C., 101.7 m. ; from Florence, S. C., to Wadesboro, N. C.,
64.52 m., and from Sumter to Denmark, S. C., 64.31 m. ; on the Hartsville and Lucknow Branches, 26.48 m. ;
and on the section of the Pregnalls Branch extending from Elloree to Pregnalls, 34.6 m.; a total of 483.31
miles. The authorized issue is $8,000,000, of which $182,000 is reserved for improvements, extensions, etc.,
and the balance ($2,271,000) for the retirement of the underlying mortgages secured on the 483.31 miles of
road just mentioned.
WILMINGTON, COLUMBIA AND AUGUSTA RR. BONDS.— Secured by first mortgage on the main line from
Wilmington, N. C., to Columbia, S. C., 191.7 miles.
NORTHEASTERN RR. BONDS. — Secured by first mortgage on the main line from Florence to Charleston,
S. C., 107.7 miles.
MANCHESTER AND AUGUSTA RR. BONDS.— Secured by first mortgage on the main line from Sumter to
Denmark, S. C., 64.31 m. ; on the Lucknow Branch, 16.48 m.; and on the section of the Pregnalls Branch
extending from Elloree to Pregnalls, S. C., 34.6 m. ; a total of 115.39 miles.
POOR'S MANUAL— ATLANTIC COAST LINE SYSTEM.
201
CHEEAW AND DARLINGTON RB. BONDS.— Secured by first mortgage on the Wadesboro and Harteville
Branches, together 74.52 miles in length.
lOa. First Consul. Mtge. Gold Bond*. — On June 16, 1902, the company executed a mortgage
to the United States Trust Co. of New York, as trustee, to secure an issue of $80,000,000 of 4 p. c. bonds,
which were authorized in the consolidation with the Savannah, Florida and Western Ry. Co., to pay part
of the cost of the property acquired from that company, to take up all underlying liens upon the con-
solidated railways, to improve and equip those railways and to acquire additional railways and railway
property. The bonds may be issued at not exceeding the rate of $20,000 per mile of completed railway,
including all underlying bonds. Of the .^80,000,000 authorized, $31,034,000 were set apart for the purpose
of discharging $12,451,000 consol. mtge. bonds of the Savannah, Florida and Western Ry. Co., $5,880,000
certificates of indebtedness of the Atlantic Coast Line RR. Co. (see Sec. 9) and an indebtedness of
$10,638,000 contracted in the consolidation; $35,102,000 are reserved to take up $18,646,500 underlying
bonds of the Atlantic Coast Line RR. Co. (see Sec. 10) and 816,455,500 underlying bonds of the Savannah,
Florida and Western Ry. Co. (see statement for that company) ; and the remaining $13,864,000, together
with any bonds not needed for the purposes mentioned before, are to be issued from time to time for
the acquisition of additional railways and railway property, and for improvements and additional equip-
ment. There have been issued $23,089,000 bonds of the $31,034,000 lot, for the retirement of the $12,451,000
c-oaeol. mtge. bonds of the Savannah, Florida and Western Ry. Co., and in part payment of the property
acquired from the same company; and it is announced that the holders of more than 75 p. c. of the
certificates of indebtedness have agreed to accept the terms of exchange offered for their certificates. The
bonds are secured, subject to prior liens, on the entire property of the company except lands not used
or intended to be used for railway purposes, and will be secured on any railways hereafter acquired by
issue of bonds secured by the same mortgage. Through the retirement of the consol. mtge. bonds of the
Savannah, Florida and Western Ry. Co. they are now secured by first mortgage on the following lines:
High Springs to Archer, Fla., 23.06 m. ; Morriston to Juliette, Fla., 12.30 m. ; Inverness to Bartow, Fla.,
75.42 m.; Sanford to Port Tampa, Fla., 123.76 m.; Sanford to Lake Charm, Fla., 17.60 m.; Sanford to
Lake Eustis, Fla., 28.62 m. ; Astor to Leesburg, Fla., 37.94 m. ; Fort Mason to Lane Park, Fla., 9.48 m. ;
Kissimmee to Narcossee, Fla., 14.40 m.; Bartow Junction to Bartow, Fla., 16.20 m. ; Tampa Junction
to Thonotosassa, Fla., 13.33 m.; Thomasville, Ga., to Monticello, Fla., 23.97 m. ; Walterboro to Ehrhardt,
S. C., 24.22 m. ; Abbeville Junction to Abbeville, Ala., 26.90 m.; Newton to Elba, Ala., 37.22 m. ; Jesup to
Folkston, Ala., 54 m.; Sprague Junction to Luverne, Ala., 32.92 m. — total, 571.34 miles. The bonds are
dated July 1, 1902, and will mature on July 1, 1952, interest being payable on the 1st of each March and
Sept., from March 1, 11*03 (for 8 months), to March 1, 1952, and then (for 4 months) on July 1, 1952. Prin-
cipal and interest are payable in gold, free of all taxes. (Additional particulars will be found in the
Ready Reference Bond List— see General Index.)
_il. Guaranteed Bonds. — The Atlantic Coast Line RR. Co. and the Seaboard Air Line RR.
guarantee, each one-half, the principal and interest on $315,000 7 p. c. bonds of the Wilmington Ry.
Bridge Co.
12. Other Investments.— These consist of the following: A. C. Line Terminal Co., Augusta,
Ga., $36,076.40; Atlantic Land and Improvement Co., $38,776.91; Chesapeake Steamship Co., $100,000;
S. C. Interstate and West Indies Exp., stock, $13,330; A. C. L. of S. C. bonds (deposit to secure Georgia
RR. lease), $500,000; South Carolina State bonds (deposit to secure Central of S. C. lease), $16,000; sundry
other stocks, $23,232— total, $727,415.31.
13. RAILROADS LEASED BY THE ATLANTIC COAST LINE RR. Co.
Central RR. of S. C.— Lanes to Sumter, S. C.,
40.^ m. ; spurs, 1.51 m. — total, 41.71 m. ; total track
(steel, 40.2 m.), 43.68 miles. Rail, 56 Ibs. Chartered
March 8, 1881; road opened April 1, 1882. The road
Is leased to the Atlantic Coast Line RR. Co. of S. C.,
the rental being $30,000 a year and $1,000 for organ-
ization expenses. From this rental are paid interest
on bonds and dividends of 7 3-10 p. c. on the stock.
Capital stock ($50 shares), $170,000. Funded debt
(1st 6s of 1921), $300,000. S. S. Solomons, Pres. ;
.T. S. Cohen, Sec. & Treas., Charleston, S. O. Office,
24 Broad Street, Charleston, S. C.
Sontb Carolina Pacific Ry.— North Carolina
State Line to Bennettsville, S. C., 10.50 m. ; total
track (steel, 10.5 m.), 12.23 miles. Rail, 50 Ibs.
Chartered Feb. 9, 1882; road opened Dec. 5, 1894.
Leased till Dec. 5, 1924, to the A. C. L. RR. Co.;
rental, interest on bonds. Capital stock, $100,000;
funded debt (1st 6s of 1914), $104,600. W. A.
Lash, Pres., Greensboro', N. C. ; C. S. McCall. Sec..
Benuettsvllle, S. C.
14. Board of Directors, Atlantic Coast Line RR. Co., at constituted July 1, 1902.
Michael Jenkins Baltimore, Md.
P. W. Scott Richmond, Va.
George Howard Tarboro, N. C.
Donald MacRae. .Wilmington, N. C.
J. W. Norwood... Wilmington, N. C.
H. B. Short. .Lake Waccamaw, N. C
H. Walters Baltimore, Md.
J. J. Lucas Society Hill, S. C.
Waldo Newcomer — Baltimore, Md.
D. W. Lassiter Petersburg, Pa.
E. B. Borden Goldxboro, N. C
W. G. Elliott.... Wilmington, N. C.
W. G. ELLIOTT, President Wilmington, N. C.
H. Walters, 1st Vice- President " "
Alexander Hamilton, 2d Vice-President Petersburg, Va.
C. S. Gadsden, 3d Vice- President Charleston, S. C.
Sec. <& Treas.— James F. Post Wilmington, N. C. | Act. Gen. Aud.—Geo. S. Le Grand. . .Wilmington, N. C.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
ATLANTIC COAST LINE SYSTEM.— CHARLESTON AND WESTERN CARO-
LINA RAILWAY COMPANY.
Main Line of Road.— Port Royal, S. C., to Augusta, Ga .112.12 m.
Spartanburg Division : Augusta, Ga., to Spartanburg, S. C 133.30 m.— 245.42 miles.
Anderson Branch : McConnick to Anderson, S. C 67.75 "
Greenville Branch : Laurens to Greenville, S. C 36.41 "
Total length of lines, all owned and operated, June 30, 1901 339.53 miles.
202
POOR 3 MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Sidings (including Augusta Terminal tracks), 50.47 miles. Gauge, 4 ft. 9 in. Rail (steel,
867.41 m.), 56 to 70 Ibs.
History. — Consolidation, in Sept., 1896, of the Port Royal and Augusta, and the Port
Royal and Western Carolina Ry. Cos. (see MANUAL for 1897, page 824).
Rolling Stock, June 80, 1901. — Locomotives, 29. Cars — passenger, 14 ; combination,
14; freight (box, 650; flat, 155; coal, 50; tank, 6; stock, 6), 867; service cars, 34— total
cars, 929.
Operations, year ending June 30, 1901. — Train mileage — passenger, 272,582; freight,
380,036 ; mixed, 35,548 ; other, 188,736— total, 876,902 miles. Passengers carried, 229,367 ;
carried one mile, 7,004,587 ; average mile rate, 2.36 cents. Tons freight moved, 561,625 ;
moved one mile, 41,871,997 ; average ton-mile rate, 1.61 cents.
Expenses— Maint. of Way and Structures. . .8244,006 64
Maintenance of Equipment 109,364 81
Conducting Transportation 353,682 81
General Expenses 23.489 90
Total ($2,151.32 per mile) $r30,543 66
other receipts, $2,474.41— total, $235,227.43.
Earnings— Passenger $165,368 52
Freight 675,25264
Mail and Express 30,634 74
Miscellaneous 92,040 78
Surplas, $9,622.09 ; deficit for-
Total (12,836.73 per mile) $963,296 68
Net earnings (24.16 p. c.), $232,753.02
Payments: Interest on funded debt, $136,000; on Augusta Terminal bonds, $36,000; other
interest, $10,905.34; taxes, $42,700— total, $225,605.34.
ward, $30,163.13 ; net deficit, $20,541.04.
General Balance Sheet, June 30, 1901.
Cost of Property $6,331,753 54
Securities in Treasury 122,421 80
Materials and Supplies 2,087 38
Cash and Current Assets 265,731 12
Profit and Loss 20,541 04
Total Assets $6,742',534 88
Capital Stock ($100 shares) $1,200,00000
Funded Debt (see below) 5,100,000 00
Leasehold Estate 50,000 00
Current Liabilities 349,534 88
Interest Accrued 43,000 00
Total Liabilities $6,742,534 88
Funded Debt.— The funded debt consists of $2,720,000 ($8,000 per mile auth.) 1st gold 5s of
Oct. 1, 1946, and $2,380,000 2d inc. 5s of Oct. 1, 1946. The company guarantees, both principal and
interest, the $600,000 1st 6s of the Augusta Terminal Ry. (see appended statement).
PROPRIETARY RAILWAY.
$600,000 — total, $800.000. Contra: Cost of road, $600,-
000; rolling stock (3 locomotives and 25 box freight
cars), $125.000; real estate and buildings, $75,000
—total, $800,000. The C. & W. C. Ry. Co. owns the
entire capital stock and guarantees the bonds, both
as to principal and Interest. W. J. Craig. Pres.,
Sec. & Treas., Augusta, Ga. Office, Augusta, Ga.
Ausrnsta Terminal Ry.— Hawk's Gully on C.
& W. C. Ry. to Augusta, Ga., 4 miles. Rail (steel),
70 Ibs. Chartered March 19, 1897; opened Sept. 1,
1897. Leased in perpetuity, April 1, 1897, to the C.
& W. C. Ry. Co. at a rent not to exceed $36,000 per
annum, besides organization expenses. (See Manual
for 1899, page 400.) Capital stock ($100 shares),
$200, 000; funded debt (1st gold 6s of April 1, 1047),
Board of Directors, C. <fe W. C. Ry. Co., as constituted July 1, 1902.
Michael Jenkins Baltimore, Md.
H.Walters "
W. G. Elliott. . . .Wilmington, N. C.
JOHN B. CLEVELAND, President Spartauburg, S. C.
H. Walters, Vice- President Wilmington, N. C.
See. & Treas.— James F. Post Wilmington, N. C. | Ad. Gen. Aud.—Qeo. S. Le Grand. . .Wilmington, N. C.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
Baltimore Office. . . . . 13 South Street.
John B. Cleveland. Spartanbnrg,S. C.
Avery Patton Greenville, S. C.
D. A. P. Jordan.. .Greenwood, S. C.
J. O. C. Fleming Laurens, 8. C.
J. P. Daughty Augusta, Ga.
J. A. Brock Anderson, S. C.
ATLANTIC
COAST LINE SYSTEM.— NORTHWESTERN RAILROAD COMPANY
OF SOUTH CAROLINA.
Mileage Operated, June 30, 1901.— 4. LINES OWNED (total, 65.3 miles).
Main Line : Camden to Wilson's Mill, S. C .................................. 61.60 miles.
St. Paul Branch : Mailard to St. Paul, S. C ............. .................... 8.70 "
B. TRACKAGE RIGHTS (total, 4.32 miles).
Atlantic Coast Line MB. : Sumter to Sumter Junction, S. C .................. 0.32
Southern By. : Camden Junction to South Carolina and Georgia RR ........... 3.25
South Carolina and Georgia RR.: Southern Ry. Junction to Camden, S. C ..... 0.75 "
Total length of lines operated, June 30, 1901 ............................. 69.62 miles.
Sidings, 0.52 mile. Gauge, 4 ft. 9 in. Steel rail, 23.7 miles ; weight not reported.
History.— Chartered as Wilson and Sumrnerton RR. Co., July 80, 1889; present name
adopted on March 18, 1899. (See MANUAL for 1900, page 349.) The extension from Sumter
POORS MANUAL OF RAILROADS.
203
to Camden, S. C., 24.6 miles, was opened for traffic on Oct. 17, 1900. The company owni 4
locomotives, 3 passenger cars and 1 baggage, etc., car.
Operations, year ending June 30, 1901. — Train mileage and traffic operations not
reported. Earnings— passenger, $9,579.49 ; freight, $56,965.63 ; mail and express, $2,012.56 ;
other, $2,989.85— total, $71,547.53. Operating expenses, $32,361.03. Net earnings, $39,-
186.50; other receipts, $2,429.62— total, $41, 616. 12. Payments: Interest on bonds, $7,016.67 ;
dividend (6 p. c.), $6,000 ; taxes, $3,544.24— total, $16,560.91. Surplus, $25,055.21 ; surplus
forward, $37,089.54— total, $62,144.75. Deductions during the year, $32,898.42. Surplus,
June 30, 1901, $29,246.33.
General Balance Sheet, June 30, 1901.— Capital stock, $100,000 ; funded debt (gen.
1st gold 4s of April 1. 1949), $285,000; current liabilities, $7,447.75; profit and loss,
$29,246.33— total, $421,694.08. Contra : Cost of property, $337,390.19 ; cash and current
assets, $84,303.89— total, $421,694.08.
Directors (elected Nov. 20, 1901).— W. G. Elliott, J. F. Divine, J. B. Kenly, Wil-
mington, N. C. ; H. Walters, Baltimore, Md.; J. F. Rhame, Manniug, S. C.
THOMAS WILSON, President Salem, S. C.
Sec. <fc Treas.— James F. Post Wilmington, N. C. | Act.Gen. And.— George S.Le Grand.. Wilmington, N.C.
PRINCIPAL OFFICE AND ADDRESS Wilmington, N. C.
CENTRAL OF GEORGIA RAILWAY COMPANY.
(For map of this system, seepage 205.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Controlled Road, Statement of. . . 11
Directors and Officers 13
Earnings, Expenses, etc 4
Funded Debt, Description of ... 6
Gen. Balance Sheet, June 30, 1901. 5
Gen. Balance Sheet, 1896-1901. . . . 10
Guaranties, Details of 7
History 2
Income Account, June 30, 1901 ... 4
Investments, Particulars of 8
Leased Lines, Statements of 12
Mileage Operated, June 30, 1901.. 1
Operations and Income, 1896-1901 10
Rolling Stock 8
Stocks & Bonds Owned, List of . . 9
1. Mileaare Operated, June 30, 1901. — A. OWNED ABSOLUTELY (total, 1,432.29 miles).
Main Line : Savannah to Atlanta, Ga 294.73 miles.
Tybee Branch : Savannah to Tybee, Ga 17.70
Lyons Branch : Meldrim to Lyons, Ga 58.09
Oconee Division ; Dover to Brtiton, Ga 77.02
Middle Georgia and Atlantic Division : Gordon to Covington, Ga 81.89
Porterdale Branch : Covington to Porterdale, Ga 4.05
Macon and Northern Division : Macon Junction to Athens, Ga 101.78
Chattanooga Division : Griffin, Ga. , to Chattanooga, Tenn 197.57
Columbus Division : Americus to Columbus, Ga 62.34
Greenville Branch : Columbus to Greenville, Ga. (n.g.) 49.51
Birmingham Division : Columbus, Ga., to Birmingham, Ala 156.34
Roanoke Branch : Opelika to Roanoke, Ala 36.12
Mobile and Girard Division : Columbus, Ga., to Andalusia, Ala 137.96
Montgomery and Eufaula Division: Montgomery to Eufaula, Ala 79.65
Ozark Branch : Eufaula to Ozark, Ala 60.00
Durham Branch : Chickamauga to Durham, Ga 17.54
B. PROPRIETARY ROAD: Upson County RR.: Barnesville to Thomaston, Ga. . . 16.25
C. LEASED LINES (total, 453.50 mi'es):
Augusta and Savannah ER.: Millen to Augusta, Ga 53.21
Chattahoochee and Gulf RR. : Columbia to Sellersville, Ala 67.68
Southwestern RR. (see appended statement for details) 332.61
D. TRACK OWNED, RIGHT OF WAY LEASED : Shops to Belt Line, Chatt., Tenn. 0.13
E. TRACKAGE RIGHTS : C'., N. 0. & T. P. and Ala. Gt. So. Rys.: In Chatt., Tenn. 0.59
Total mileage of system 1,902. 76 miles.
Less mileage of Lyons Branch, owned but not operated 58.09 "
Total length of lines operated, June 30, 1901 .1,844.67 miles.
2d track (owned), 2.73 m.; sidings (owned, 267.28 m.; proprietary, 0.52 m. ; leased, 83.42 m.),
351.22 miles. Gauges, 4 ft. 8£ in. and (Greenville Branch, 49.51 m.) 3 ft. Rail— iron, 40 to
561bs.; steel (owned, 1,341.35m.; proprietary, 3.43m.; leased, 451.26 m.), 40 to 80 Ibs.
2. History. — Chartered Oct. 17, 1895, and succeeded to the properties and franchises of
the Central RR. and Banking Co. of Georgia, Savannah and Atlantic Ry, Co., Macon and
Northern Ry. Co., Savannah and Western RR. Co., Montgomery and Eufaula Ry. Co. and
204
POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GBOU1'.
Mobile and Girard RB. Co. (see MANUAL for 1896, page 420). The Middle Georgia and At-
lautic Ry., from Milledgeville to Covington, Ga., 64.57 miles, was purchased on Jan. 1 1897.
An extension of the Mobile and Girard Division, from Searight to Andalusia, Ala., 15.95
miles, was completed and opened for traffic on Sept. 24, 1899. The Bruton and Pineora Ry.,
from Bruton to Register, Ga., 58.14 miles, was acquired on July 1, 1900, and the Dover and
Statesboro RR., from Dover to Statesboro, Ga., 9.92 miles, on Jan. 1, 1901. The line from
Statesboro to Register, Ga., 8.96 miles, connecting the Bruton and Pineora with the Dover and
Statesboro, was built by this company, being opened on June 9, 1901. The Chattanooga,
Rome and Southern Ry., from Carrollton, Ga., to Chattanooga, Tenn., 137.57 miles, and the
Chattanooga and Durham RR., from Chickamauga to Durham, Ga., 17.54 miles, were acquired
on June 1, 1901.
The line from Dover to Bruton, Ga., known as the Oconee Division, has been mortgaged
to the amount of $6,000 per mile, to secure an issue of 5 per cent, bonds maturing in 1945.
The Chattanooga, Rome and Southern RR. was purchased subject to a mortgage for $343,000,
represented by an issue of 5 per cent, bonds maturing in 1947. A mortgage covering the
same property, and also covering the Chattanooga and Durham RR., has been executed by
this company to secure $2,400,000 of 4 per cent, bonds maturing in 1951, provision being
made therein for the retirement of the $343,000 1st rntge. bonds of the Chattanooga, Rome
and Southern RR.
The Lyons Branch, 58.09 miles, is operated by the Georgia and Alabama Ry. Co. (Sea-
board Air-Line), under a perpetual lease dated April 1, 1896, at a rental of $43,500 per
annum. The Upson County RR. Co. is controlled by this company through ownership of its
entire capital stock. For information concerning the leased lines, see separate statements
therefor, appended.
3. Rolling- Stock, June 30, 1901.— Locomotives (s. g., 209; n. g., 3), 212. Cars— pas-
senger, 125 ; sleeping, 13 ; chair, 2 ; combination, 26 ; baggage, mail, and express, 49 ; freight
(box, 3,221 ; flat, 1,130 ; stock, 45 ; coal, 1,154 ; charcoal, 9 ; coke, 18), 5,577 ; officers', 6 ;
caboose, 85 ; work and service, 100 — total cars, 5,983. Of this equipment, 25 box and 125
coal cars are held under equipment trusts.
4. General Income Account, year ending June 30, 1901.
Earnings— Passenger $1,641,882 33
Freight 4,650,104 82
Mail and Express 253,459 75
Miscellaneous 375,268 01
Total ($4,124.85 per mile) $6,920,714 91
Net Earnings (30.96 p. c.) $2,142,567 10
Income from Investments. 116,983 75
Rental of Lyons Branch 43,500 00
Miscellaneous Income 26,875 40
Expenses— Mainl. of Way and Structures.. $1,242,231 06
Maintenance of Equipment 831,796 46
Conducting Transportation.... 2,443.461 56
General Expenses 260,658 73
Total ($2,847.85 per mile) $4,778,147 81
Interest on Funded Debt $1,558.587 50
Rentals 347,902 00
Taxes 213,41060
Miscellaneous Deductions 8,674 40
Total, Net Income $2,329,92625 Total, Deductions $2,128,57450
Net profits for year, $201,351.75 ; surplus to June 30, 1900, $131,086.14— total, $332.-
437.89. Debits: Interest on 1st preference income bonds (3J p. c., paid Oct. 1, 1900),
$130,000 ; assets and liabilities of receivers and purchasers liquidated during the year,
$1,966.01— total, $131,966.01. Balance, surplus June 30, 1901, $200,471.88.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Property $44,891,369 88
Equipment Owned 3,530,739 01
Equip. Owned, Chattanooga Division 136,07500
Investments (see Sec. 8) 5,037,72187
Equipment under Trusts 65,10000
Materials and Supplies 254,74946
Deferred Assets 58,777 75
Cash on Hand and in Transit 1,241,386 04
Current Assets 346,117 71
Total Assets .$55,562,036 72
Capital Stock $5,000,000 00
Funded Debt (see Sec. 6) 48,646,000 00
Reserve Funds.
Accrued Liabilities.
Deferred Liabilities.
Current Liabilities..
Profit and Loss
475,502 52
446,905 24
11,682 22
781,474 86
200,471 88
Total Liabilities $55,562,036 72
6. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $48,646,000, as per general
balance sheet — consisted of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
Bond List — see General Index:
205
206
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
let cold 5s of Nov. 1, 1945, Int. P. & A $7,000,000
Mobile Div. gold 58 of Jan 1, 1946 1,000,000
Mac. & No. Div. gold 5s of Jan. 1, 1946 840,000
Chattanooga Div. gold 4s of June 1, 1951 $1,840,000
Consol. gold 58 of Nov. 1, 1945 16,700,000
Collateral Trust gold 5s of May 1, 1937 4,880.000
1st Preferred Incomes of Nov. 1, 1945 4,000,000
2d Preferred Incomes of Nov. 1, 1945 7,000,000
3d Preferred Incomes of Nov. 1, 1945 4,000,000
M. G. A A. Div. 5s of Jan. 1, 1947 413,000
Eatonton Branch gold 5s of June 1, 1926 168,000
Oconee Division 5s of Dec. 1 , 1945 402,000
C., R. & S. RR. let gold 5s of July 1, 1947 343,000
FIRST MORTGAGE BONDS. — First lien on main line from Savannah to Atlanta and on Milledgeville
Branch, together 312.05 miles, including equipment and appurtenances. Also second lien on Ocean Steam-
ship shares, which are pledged under collateral trust mortgage.
MOBILE DIVISION BONDS. — First lien on line from Columbus, Ga., to Andalusia, Ate., 137.96 miles. A
direct obligation of the Central of Georgia Ry. Co.
MACON AND NORTHERN DIVISION BONDS. — First lien on line from Macon Junction to Athens, Ga., 101.78
miles. A direct obligation of the Central of Georgia Ry. Co.
MIDDLE GEORGIA AND ATLANTIC DIVISION BONDS. — First lien on section from Eatonton to Covington,
43.57 miles, and second lien on section from Eatonton to Milledgeville, 21 miles. For the retirement of
$168,000 Eatonton Branch 1st mtge. bonds secured on the latter section, an equal amount of these bonds
is reserved.
EATONTON BRANCH BONDS. — First lien on line from Eatonton to Milledgeville, 21 miles, being a part of
the Middle Georgia and Atlantic Division. These bonds are to be retired at maturity by issue of an equal
amount of Middle Georgia and Atlantic Division bonds. (See preceding paragraph.)
OCONEE DIVISION BONDS. — First lien on the Oconee Division, from Dover to Bruton, Ga., 77.02 miles.
CHATTANOOGA, ROME AND SOUTHERN RR. 1ST MTGE. BONDS. — First lien on the section of the Chat-
tanooga Division extending from Carrollton, Ga., to Chattanooga, Tenn., 138 miles. An equal amount of
Chattanooga Division bonds (see next paragraph) is reserved for the retirement of this issue.
CHATTANOOGA DIVISION BONDS. — Secured by first mortgage on the Durham Branch, 17.54 miles, and by a
lien subject to that of the Chattanooga, Rome and Southern RR. 1st mtge. bonds on the line from
Carrollton, Ga., to Chattanooga, Tenn., 138 miles. The total amount authorized is $2,400,000, bonds
amounting to $343,000 being reserved for the retirement of the Chattanooga, Rome and Southern RR. 1st
mtge. bonds, while the remaining $217,000 are reserved for additional equipment and for improvements.
CONSOLIDATED MORTGAGE BONDS. — The total amount of these bonds authorized is $18,500,000, the
unissued bonds being reserved for betterments and equipment for the property covered by the mortgage, not
more than $500,000 thereof to be issued in any fiscal year. The bonds are a first lien on the Savannah and
Western system, 482 miles; on the Montgomery and Eufaula RR., 80 miles, and on the Savannah and Atlantic
RR., 18 miles; and a second lien on the main line (Savannah to Atlanta, and Milledgeville branch, 312 miles;
on the Mobile and Girard RR., 138 miles, and on the Macon and Northern Ry., 102 miles — total of 1,132 miles.
In addition they are secured by deposit in trust of $43,100 stock of the Atlanta and West Point RR., $34,941
stock of the Upson County RR., $70,000 preferred and $250 common stock of the Wrightsville and Tennille RR.,
$144,000 stock of the Southwestern RR., $499,500 stock of the New England and Savannah SS. Co., $160,000
stock of the Savannah and Ogeechee Canal Co., $10,000 bonds of the Sylvania RR., $25,000 bonds of the Louis-
ville and Wadley RR., and $25,000 bonds of the Talbotton RR. They are also a third lien on the $1,995,000
stock of the Ocean Steamship Co., deposited under the collateral trust deed and a second lien on the other
stocks pledged under that deed. Finally, the bonds are secured by a consolidated mortgage on the entire
property of the company, now owned or which may be acquired hereafter. (See Manual for 1896, page 425.)
COLLATERAL TRUST BONDS. — These are a direct obligation of the company, and are additionally secured
by deposit in trust of the following securities: $145,400 capital stock of the Atlanta and West Point RR.
Co., $1,995,000 capital stock of the Ocean Steamship Co. of Savannah, $1,500,000 capital stock of the
Western Ry. Co. of Alabama, and $1,589,000 income bonds of the Charleston and Western Carolina Ry. Co.
The bonds are subject to redemption at 110 p. c. and accrued interest on six months' notice.
PREFERRED INCOME BONDS. — These three issues, in the order of their priority, cover the Savannah and
Western, Columbus and Rome, and Savannah and Atlantic RRs., and their equipment, property, etc. They
are also a third lien on the main line and a second lien on all leaseholds, securities, and equities of
properties acquired by the Central Ry. of Georgia. Interest is payable only out of net earnings as declared,
and is not to exceed the rate of 5 p. c. per annum, non-cumulative.
7. Guaranties. — The Central of Georgia Ry. Co. guarantees, both as to principal and interest,
$1,000,000 1st mtge. 5 p. c. gold bonds of the Ocean Steamship Co. of Savannah, maturing July 1, 1920,
and guarantees dividends at the rate of 5 p. c. per annum on $1,022,900 capital stock of the Augusta and
Savannah RR. Co., and on $5,191,100 capital stock of the Southwestern RR. Co. There is also a fixed
charge of $34,404 per annum for rental of the Chattahoochee and Gulf RR., besides $5,000 annuity payable to
the city of Macon. Ga.
8. Investments. — Stocks pledged under collateral trust bonds, $3,040,400; bonds pledged under
collateral trust bonds, $467,500; stocks pledged under consolidated mtge. bonds, $1,301,291; bonds pledged
under consolidated mtge. bonds, $52,500; stocks unpledged, $80,772.53; bonds unpledged, $41,977.11; leased
rails, $48,781.23; miscellaneous, $4,500— total, $5,037,721.87.
9. STOCKS AND BONDS OWNF.D BY THE CENTRAL OF GEORGIA RY. Co., JUNE 30, 1901.
Stocks.
Total Pledzed Un-
Owned. in Trusts, pledged.
8 $ f
188,500 188,500
1,000 1,000
50,000 50,000
25,700 25,700
5,000
4,000
Atlanta & W. Pt. RR
Agr. & Mech. Assn. of Ga.
Aug. & Snmmerv. RR. Co.
Louisville & Wadley RR.
* Ocean SS. Co. of Sav . . .2,000,000 1,995,000
Sav. Cotton Exch 4,000
Sav. Bd. of Trade 100 100
Upson County RR 40,005 34.941 5,064
Western Ry. of Ala 1,500,000 1,500,000
Wr. & Ten. RR. pref 70,000 70,000
Wr. & Ten. RR. com .... 104,300 250
Southwestern RR 147,500 144,000
* N. E. & Sav. SS. Co. . . . 500,000 499,500
Sav. & Ogeechee Canal . . . 160,000 160,000
104,050
3,500
500
Totals 4,791,105 4.592,191
Bonds.
Total
Owned.
$
* Sylvania RR 33.000
* Louisv. & Wndley RR. . 29,000
* Talbotton RR 25,000
C. ofGa. Ry.,lst Pr. Inc.. 55,000
C. of Ga. Ry.,2dPr. Inc.. 1,000
C. of Ga. Ry., 2d Pr. In. Sc. 100
C.of Ga.Ry.,3dPref. Inc. 42.000
Char.& West. Car.Ry. Inc. 1,589,000 1,569.000
Pledged Un-
in Trusts, pledged.
23,000
10.000
25.000
25,000
Totals 1,774,100
Grand Totals 6,565,205
1,649,000
6,241,191
4,000
'ss'.ooo
1,000
100
42,000
125,100
324,014
198,914
* Entire issue.
The company also owns, and holds unpledged, one certificate of membership in the Atlanta Chamber
of Commerce, the value of which is not reported.
POOR'S MANUAL— CENTRAL OF GEORGIA RY. CO.
207
1O. Statement of operations, property, and capital account for six fiscal years :
1896
1897
1898
1899
1900
1901
Miles RE. Operated
1,45455
1,491.42
1 523 71
1,523 71
1,539 12
1 677 81
Passenger Train Miles
1,604,391
1,564,015
1,661,641
1,803,684
2,047,215
2,241,687
Freight Train Milee
1,930,042
1,966,160
2 171 297
2,352,550
2 353031
2 770 231
Total Revenue Train Miles
3,534,433
3,530,175
3,832 938
4,156,234
4,400,246
5 011,918
Passengers Carried ....
1 584 093
1,549 468
1 445 348
1,576 461
1,789,565
2 146 567
Passenger Mileage
53,916,910
48,618,929
47 526,905
56,636,540
60,606,409
70 478 408
Freight (tons) Moved
2,060,253
1,875,260
2 036,616
2,199,048
2,457,977
2,708 915
Freight (ton) Miles
320,674,584
292,186,403
325,621,615
355,713,668
365,901,969
437,060,554
Earnings — Passenger
$
1 282,139
S
1,139,152
S
1,120,375
S
1,326,362
$
1,375,434
8
1,641,882
Freight
3,689,017
3,521, 8t>7
3,728,537
3,713,456
4,010,059
4,650,105
Other
457,926
619,677
658,158
727,527
700,770
628,728
Totals
5,429,082
5 280 696
5 507 070
5 767,345
6,086,263
6 920 715
Operating Expenses
3,605,467
3,271 594
3 433 777
3,759,977
3,997,748
4 778,148
Net Earnings .
1,823,615
2,009,102
2,073,293
2,007,368
2,088,515
2,142 567
Other Receipts . .
329 807
110 275
215,218
231,463
187 359
Available Revenue
for 8 mos
2 338 909
2 183,568
2 222,586
2,319,978
2,829 926
Taxes
only,
hence no
180969
176,132
206,733
208,657
213,411
Fixed Charges
compari-
1,837,933
1,932,500
1,948,500
1,952,357
1,906,489
Miscellaneous
4 044
1,793
8,464
27,998
8,674
Surplus
made
315 963
73,143
58,889
130,966
201,352
Gross Earnings per Mile
3,732 48
3,540 72
3,614 25
3,785 07
3,95438
4,124 85
Gross Expenses per Mile
2 478 75
2 193 61
2,253 56
2,467 65
2,597 42
2,84785
Net Earnings per Mile
1 253 73
1 347 11
1,360 69
1,317 42
1,35696
1,277 00
Expenses to Earnings
Average per Passenger per Mile
Average per Ton per Mile
66.41 p. c.
2.378 c.
1 150 C
61 .95 'p. c.
2.343 c.
1 205 C
62.35 p. c.
2.357 c.
1.145C.
65.19 p. c.
2.342 c.
1.044C.
65. 68 p. c.
2.269 c.
1.096C.
69. 04 p. c.
2.330c.
1.064C
Miles RR. Owned
1,115.16
1,179.73
1,179.73
1,179.73
1,195.68
1,432.29
Miles Track Owned
1,306.54
1,376.97
1,384.70
1,391.50
1,428.63
1,702.30
Miles Steel Rail Owned
1,040 09
1,082.01
1,089.21
1,090.76
1,107.07
1,344.08
Locomotives
211
210
207
201
198
212
Passenger, etc., Cars
212
212
207
206
209
221
Freight, etc , Cars
5 034
5,161
5,302
5,304
5,232
5,762
Capital Stock
$
5000.000
$
5,000,000
$
5,000,000
$
5,000,000
$
5,000,000
f
6,000,000
Funded Debt ....
45,220,000
45,800,000
45,800,000
45,801,000
45,941,000
48,646,000
Reserve Fund
77,996
44,288
475,503
Deferred Liabilities
56,026
38,509
3,052
3,248
11,682
Current Liabilities..-.
1,168,119
880,152
1,087,598
1,165,628
1,290,470
1,228,380
Profit and Loss . .
60,853
99,375
87,789
81,643
131,086
200,472
Total Liabilities
51,504,998
51,819,036
51,976,387
52,129,319
52,410,092
55,562,037
Cost of Road
41,611,496
42,116,664
42,181,664
42,181,664
42,382,445
44,891,370
Cost of Equipment
3,513,999
3,530,739
3,530,739
3,530,739
3,530,739
3,666,814
Investments
5,034,957
5,073,683
5,081,504
5,174,086
5,243,131
5,037,722
Materials, etc
317,889
' 253,096
231,195
173,922
249,525
254,749
Deferred Assets
52,481
15,123
45,617
106,511
49,089
58,778
Cash Assets
974,176
829,731
905,668
962,397
955,163
1,652,604
Total Assets
51,504,998
51,819,036
51,976,387
52,129,319
52,410,092
55,562,037
11. RAILROAD CONTROLLED BY OWNERSHIP OF ENTIRE CAPITAL STOCK.
Upson County RR.— Barnesville, Ga., to
Thomaston, Ga., 16.25 m.; total track, 16.77 miles.
Rail (steel, 3.43 m.), 35 to 56 Ibs. Chartered as
Thomaston and Barnesvllle RR. Co. Dec. 23, 1839;
road opened In 1856. Sold at sheriff's sale, and re-
organized under present title Dec. 6, 1860. Destroyed
at the close of the war, and rebuilt In 1870. Con-
trolled by the Central of Ga. Ry. Co., which owns the
entire capital stock ($40,005; shares, $30). There Is
no bonded or other debt on the road. E. A. Flewellen,
Pres. ; G. A. Weaver, Sec., Thomaston, Ga.
12. RAILROADS LEASED BY THE CENTRAL OF GEORGIA RY. Co.
Angrnsta and Savannah RR.— Mlllen to
Augusta, Ga., 53.21 m. ; sidings, etc., 16.13 miles.
Rail (steel), 56, 63J, and 68i Ibs. Chartered In 1838
as Burke County RR.; opened In 1854. Leased. Oct.
24, 1895, to the Central of Ga. Ry. Co. for 101 years,
at an annual rental of $51,145, being 5 p. c. on capital
stock of $1,022,900. Jos. D. Weed. Pres.; H. H.
Hull, Sec. & Treas., Savannah, Ga. Corporate Office,
Savannah, Ga.
Chattahoochee and Gnlf RR.— Columbia to
Sellersvllle, Ala, 67.38 m. ; total track (Steel; 56,
60J, and 61$ Ibs.), 68.43 miles. Chartered July 7,
1899; road opened from Columbia to Dothan, Ala.,
20.7 miles, on May 2, 1900; as above Nov. 1. 1900.
Leased In perpetuity, July 2, 1900. to the Central
Ry. Co. of Ga.. at an annual rental of six per cent,
upon the cost of road until such time as the bonded
Indebtedness of this company has been retired. One
per cent, of this annual rental will be used as a
sinking fund with which to retire annually this com-
pany's bonds. • When the bonds have been retired
the annual rental thereafter will be five per cent.
208
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
per annum upon the capital stock. Capital stock
($100 shares), $273,400. Funded debt (1st mtge.
r.s of 1930, Int. J. & J.), $300,000, less $2,000 called
In and retired Jan. 1, 1001. The amount of bonds
authorized Is $2,000.000, and the remaining $1,700,080
thereof can be Issued only for extensions. E. T.
Comer, Pres., Columbus, Ga. ; John Flannery, Vlce-
Pres. ; H. W. Johnson, Sec. & Treas., Savannah, Ga.
Office, Savannah, Ga.
Southwestern RR.— Macon, Ga., to Eufaula,
Ala., 143.6 m., with branches from Fort Valley to
Perry, 12.50 m.; Fort Valley, Ga., to Columbus, Ga.,
71 m.; Cuthbert to Fort Galnes, Ga., 20.50 m.;
Smlthvllle, Ga., to Columbia, Ala., 85.01 m.— total.
332.61 m.; sidings, 66.54 miles. Rail (steel, 330.37
m.), 56, 63J, 65, and 68i Ibs. Consolidation, Nov. 1,
1868, of the Southwestern and the Muscogee RR. Cos.
(See Manual for 1895, page 363.) Leased to the
C. of Ga. Ry. Co., for 101 years from Oct. 17, 1895,
at a rental equivalent to 5 p. c. on the capital stock,
the lessee paying all organization expenses. Income,
year ending Jan. 31, 1901: Rental, $259.555; Interest,
$3,893— total, $263,448. Payments: Dividends (5 p.
c.), $259.555; expenses, $98 — total, $259,653. Sur-
plus, $3,795. Balance Sheet, Jan. 31. 1901. — Capital
stock, $5,191,100; profit and loss, $103,086— total,
$5.294,186. Contra: Cost of road and equipment,
$5.191,100; State of Georgia 4J p. c. bonds (cost of
$88,000 held in sinking fund), $101,090; cash, $1.893;
expense Hem, still open, $103 — total. $5.294,186. W.
G. Raoul, Pres., New York, N. Y. ;• John M. Walker,
Sec. & Treas., Macon, Ga. Office, Macon, Ga.
13. Board of Directors, Central of Georgia Ry. Co., elected October 14, 1901.
JOHN F. HANSON, Cl
W. C. Bradley Columbus, Ga.
Edward T. Comer Macon, Ga.
John M. Egan Savannah, Ga.
J. W. English Atlanta, Ga.
John F. Hanson Macon, Ga.
JOHN M. EGAN, President Savannah, Ga.
Uriah B. Harrold.
George G. Haven.
. . . Americas, Ga.
New York, N. Y.
Alex. R. Lawton .
George J Mills
— Savannah, G».
Evan P. Howell..
. Atlanta G*
Samuel Spencer
New York N Y
Joseph Hull
.. Savannah, Ga.
Charles Steele
Samuel R. Jaques
...Macon. Ga.
One vacancy.
Secretary— C. C. Williams Macon, Ga.
Asst. Secretary— T. F. Smith Savannah, Ga.
Auditor— W. D. Beymer Savannah, Ga.
Treasurer— T. M. Cunningham Savannah, Ga.
PRINCIPAL OFFICE AND ADDRESS Savannah, Ga.
CHESAPEAKE AND OHIO RAILWAY COMPANY.
(For map of this system, see page 209.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Contracts, Particulars of 3
Controlled Cos., Statements of . . 15
Cost of Road and Equipment 14
Directors, Board of, and Officers. 16
Earnings, Expenses, etc 6
Floating Equipment 5
Funded Debt, Description of 11
Gen. Balance Sheet, June 30, 1901. 10
Gen. Balance Sheet, 1895-1901. ... 9
Guaranteed Bonds 12
History 1
Income Account, June 30, 1901. . . 6
Kineon Coal Co. Bonds la
Mileage Operated, June 30, 1901.. 2
Mileage Operated, 1895-1901 9
Operations and Income, 1895-1901 9
Profit and Loss Account. 1901 7
Rolling Stock, Contracted for 4b
Rolling Stock, June 30, 1901. ... 4
Rolling Stock Under Car Trusts. . 4a
Securities Owned, List of 13
1. History. — Consolidation in Aug., 1868, of the Virginia Central RR. Co. and the
Covington and Ohio RR. Co. ; foreclosed and reorganized on July 1, 1878 ; again reorganized,
but without foreclosure, on Oct. 1, 1888. The extension to Cincinnati, comprising the Mays-
ville and Big Sandy RR., the Covington Short Route Transfer Ry., and the property of the
Covington and Cincinnati Elevated RR. and Transfer and Bridge Co., was opened on Jan. 1,
1889. The Richmond and Allegheny RR. was leased on May 20, 1889, and absorbed by
consolidation on Jan. 20, 1890. The line to Washington, operated jointly with the Southern
Ry. Co. and the Philadelphia, Wilmington and Baltimore RR. Co., was opened on April 1,
1891. The Elizabethtown, Lexington and Big'Sandy, the Ohio and Big Sandy, and the Ken-
tucky and South Atlantic RRs. were acquired in 1892. In the following year a controlling
interest was acquired in the Chesapeake and Ohio Steamship Co., and that company's line
was opened from Newport News to Liverpool and London. In 1895 arrangements were made
for running trains into Louisville, Ky., and for making connection there with the Cleveland,
Cincinnati, Chicago and St. Louis Ry. , by the purchase of a one-third interest in the Louis-
ville and Jeffersonville Bridge Co. (the C., C., C. & St. L. Ry. Co. acquiring the other two-
thirds), and by acquiring trackage rights over the Louisville and Nashville RR., between
Lexington and Louisville. The Louisville Line was opened on April 1, 1896.
During the year ending June 30, 1900, the company purchased the securities of the Ohio
River and Charleston Ry. Co. of Ky. and of the Coastwise Steamship Co. The latter owns
2 ocean tugs and 15 barges, and leases 3 steamers engaged in the coal-carrying trade between
Newport News and New England. The fleet is leased to the Chesapeake and Ohio Coal
Agency Co. for one year from July 1, 1901, for an amount believed to be sufficient to pay
insurance, cost of repairs, and interest on the bonds.
The track elevation through Richmond, Va., referred to in the MANUAL for 1901, on
page 340, was practically completed at the close of the fiscal year, and the union passenger
209
210 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
station was occupied by the joint owners (the Seaboard Air Line Ry. Co., and the Chesa-
peake and Ohio Ry. Co.) on Nov. 1, 1901.
The Greeiibrier Ry. was completed from Whitcomb to Marlinton, 56.2 miles, on Jan. 1,
1901, and from Marlinton to Cass, 24.6 miles, on June 1, 1901. The grading and bridging
on the remaining 14 miles were completed at the close of the fiscal year, and track laying was
expected to be completed by Nov. 1, 1901. This line will be leased by the C. & O. Ry. Co.,
and operated as the Greenbrier Division.
The Piney Creek Branch, from Prince to Raleigh, W. Va., 13.6 miles, was completed
and placed in operation July 1, 1901 ; also the Guyandot Valley Ry. from Barboursville to
Midkiff, W. Va., 26.5 miles.
Tho Greenbrier and New River RR. extension, on the south side of New River, was
completed, except as to the laying of the rails, at the close of the fiscal year, and was expected
to be in operation by Oct. 1, 1901.
The Glen Jean, Lower Loup and Deep Water RR. — a coal branch 3.6 miles in length,
intersecting with the Loup Creek Branch near Glen Jean Station — was purchased for the sum
of $75,100, and the capital stock (751 shares) deposited with the Central Trust Co., in com-
pliance with the terms of the general mortgage.
In Oct., 1901, the company purchased the coal terminals at Cincinnati formerly owned
by the Kineon Coal Co., paying therefor $125,000 in cash and assuming $200,000 of out-
standing bonds (see Sec. Ha).
2. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 877.5 miles).
Main Line : Fort Monroe, Va., to Big Sandy River, Ky 512.0 miles.
Richmond and Alleghany Division : Fulton (Richmond) to Clifton Forge, Va. . . .231.4
Branches: Lexington, 20.1 m. ; Craig Valley, 26.4m.; Warm Springs, 24.7m.;
Buckingham, 20.8 m. ; Hawk's Nest, 3.4m.; Gauley, 14.2 m.; Cabin Creek,
14.6 m. ; Loup Creek. 9.9 m 134.1
B. LEASED LINES (total, 13.2 miles).
Orange Branch, Southern Ry.: Gordonsville to Orange, .Va 9.0 "
Passenger and Belt Ry.: At Lexington, Ky 4.2 "
G. CONTROLLED THROUGH STOCK OWNERSHIP (total, 458.5 miles).
Maysvitte and Big Sandy RR. : Ashland Jc. to Licking River, Ky 142.7 '
Covington Short Route Transf. Ry.: Licking River to K. C. Jc., Ky 0.8 "
Covington & Cincin. Elev. RR. and Transfer and Bridge (see Sec. 15) 2.1 "
Kinniconnick and Freestone RR. : Garrison to Carter, Ky 19.8 "
Elizabethtown, Lexington and Big Sandy RR. (see appended statement) 109 2 "
Ohio and Big Sandy RR. : Hampton to Peach Orchard, Ky 48.2 "
0. River & Charleston Ry. of Ky.: Richardson to White House, Ky 8.1 "
Kentucky and South Atlantic Ry.: Mt. Sterling to Rothwell, Ky 19.5 "
Greenbrier Ry. : Whitcomb to Ca^s, W. Va 80.8
Greenbrier and New River RR.: Butchers' Br. to Thurmond, W. Va 12.6 "
Glen Jean, Lower Loup and Deep Water RR. : (see Sec. 1) 8.6 "
Alberene RR.: Warren to Alberene, Va 11.1 "
D. ROADS OPERATED UNDER CONTRACT (total, 20.8 miles).
Sulphur Mines RR. : Mineral to Sulphur Mines, Va 4.0 "
Ouinnimont Short Line RR. : Quinniinont to Greenwood, W. Va 5.2 "
Keeney's Creek RR.: Nuttall to Lookout, W. Va 7.8
Deep Water RR.: Deep Water to Robson, W. Va 3.8 "
E. TRACKAGE RIGHTS (total, 191.6 miles).
Bait. & Pot. RR. and Wash. So. Ry.: Washington, D. C., to Alexandria, Va 6.7 "
Southern Ry.: Alexandria to Orange, Va 77.8 "
Southern Ry. : At Richmond, Va 0.4
Ashland Coal and Iron Ry. : Ashland to Denton, Ky 21.3
Louisville and Nash. RR. : Lexington to Louisville, Ky 84.4 "
Baltimore and Ohio RR.: At Lexington, Ky 1.0 "
Total length of lines operated, June 30. 1901 1,561.6 miles.
2d track, 129.2 m.; sidings, 551.3 miles. Gauge, 4 ft. 9 in. Rail (steel), 50 to 100 Ibs.
3. Contracts -with Other Companies.— The company has contracts and agreements with other
companies as follows: With Adams Express Co., from whom it receives 40 p. c. of earnings, same to be not
less than. $75,000 per annum; with Pullman's Palace Car Co., by which the latter maintains its. own cars
and retains all earnings under $7,500 per annum, the C. & O. Ry. Co. paying all running expenses except
POOR'S MANUAL — CHESAPEAKE AND OHIO RY. CO. 211
salaries; with Southern Ry. Co., lease for 99 years and one month from March 1, 1861, of the line from
Gordonsville to Orange, Va., 9 m., for $6,000 per annum; with the same company for 99 years from April
1, 1891, for use of tracks from Orange to Alexandria, 77.8 m., the C. & O. to pay its proportion, baaed
upon car and engine wheelage, of $125,000 (being interest at 5 p. c. upon valuation of said 77.8 m. of road
and appurtenances), provided that proportion shall not in any year be less than $31,250, and of the further
payment of its proportion upon the same basis of cost of maintenance of said 77.8 m. and salaries of
employees; with the Washington Southern Ry. Co., securing right to run trains for 25 years from June
13, 1891, from Alexandria to Long Bridge, in consideration of payment of its proportion upon car and engine
wheelage, of cost of maintenance and salaries of employees, and interest at 5 p. c. upon $250,000, valuation
of track; with Baltimore and Potomac RR. Co., securing right to run trains from south end of Long
Bridge to Depot in Washington, for 10 years from June 30, 1891, in consideration of payment of proportion,
based upon car and engine wheelage, of cost of maintenance of track and wages of employees; with Western
Union Telegraph Co., owning lines on the Chesapeake and Ohio RR., and giving this company 25 p. c.
of receipts from all commercial business done at C. & O. stations, and telegraphing to the extent of $14,500
per annum free, the Chesapeake and Ohio hauling freight free for the telegraph company to the extent of
$1,200, each company maintaining its own lines; with Ashland Coal and Iron Ry. Co., leasing to C. & O.
Ry. Co. its road and appurtenances from Ashland to Denton, 21.3 m., for $21,000 per annum.
4. Rolling Stock, June 30, 1901. — Locomotives, 403. Cars — passenger, 1 16; combination,
36 ; dining, 7 ; parlor, 8 ; baggage, mail, and express, 56 ; freight (box, 5,792 ; stock, 453 ;
flat, 732; coal, 5,927; coke, 207), 13,111; service cars, 709— total cars, 14,043. In addition to
this equipment the company operated and maintained upon the Cabin Creek Branch 1 loco-
motive and 65 freight cars belonging to the Kanawha Ry.
4a. In addition to the freight cars owned by the company, as per preceding statement,
there are 5,400 freight cars in its possession, the ownership of which is in the building
companies pending the final settlement therefor, on which monthly payments are to be made,
as follows: 1,000 box cars, expiring Sept. 15, 1901, $12,175; 500 gondola cars, expiring Sept.
20, 1903, $3,333.33 ; 800 gondola cars, expiring June 1, 1904, $6,369.33 ; 1,000 box cars,
expiring Oct. 1, 1904, $9,116.67; 1,500 gondola cars, expiring July 15, 1905, $19,372.60; 600
steel gondola cars, expiring Dec. 15, 1905, $8,100 — total monthly payments, $58,466.93.
Amount paid on this equipment to June 30, 1901, $1,902,696.02. Amount charged to oper-
ating expenses and sundry credits, year ending June 30, 1901, $266,308.80; previously
charged, $764,121.79— total, $1,030,430.59. Amount held in suspense to be charged to
operating expenses in future, $872,265.43.
4b. Contracts were made for 25 freight locomotives and 1,000 freight cars, to cost
$1,140,677.50, delivery to be made in Aug. and Sept., 1901. Of this amount, $140,677.50 is
to be paid in cash, and the balance is provided for by the sale of $1,000,000 4 p. c. 10-yr. car
trust certificates, payable one-tenth annually.
5. Floating Equipment, June 30, 1901. — At Newport News — 1 passenger steamer, 5
tugs, 3 car floats, and 6 barges. On Ohio River — 3 ferryboats and 1 car float.
6. General Income Account, year ending June 30, 1901.
Earnings— Passenger $2,826,813 39
Freight 11,842,213 04
Mail and Express 539,310 89
Miscellaneous 163,204 49
Total ($10,202.80 per mile) $15,371,541 81
Expenses— Maint. of Way and Structures. .$2,217,760 52
Maintenance of Equipment 2,253,307 18
Conducting Transportation 4,844,375 22
General 250,437 43
Total ($6,349.32 per mile) $9,565,880 35
Net earnings (37.77 p. c.), $5,805,661.46; other income, $149,925.27— total, $5,955,-
586.73. Deductions: Interest on funded debt, $3,342,439.56; interest, discount, and exchange,
$65,411.98 ; taxes, $401,299.31 ; loss on C. & 0. Grain Elevator and Cin. Coal Terminals,
$60,992.48 ; loss on C. & 0. Steamship Line, $34,703.02 ; C. & O. SS. debentures purchased
and cancelled, $48,551.50; uncollectable accounts, $291.84— total, $3,953,689.69. Net income,
$2,001,897.04, less extraordinary expenditures for new equipment and construction, $1,304,-
171.78; balance to credit of profit and loss, $697,725.26.
7. Profit and Loss Account, June 30, 1901. — Balance of income account, $697,725.26 ;
credit balance, June 30, 1900, $1,060,341.78— total, $1,758,067.04. Contra: Dividend No. 2
(1 p. c., paid Nov. 26, 1900, from earnings of year ending June 30, 1900), $605,288 ; discount
on bonds sold, $68,062.50; sundry old accounts written off, $22,391.46— total, $695,741.96.
Balance to credit of profit and loss, June 30, 1901, $1,062,325.08. A dividend of 1 p. c.,
amounting to $605,291, was declared, payable Nov. 27, 1901.
§. The usual purchase of the debentures of the Chesapeake and Ohio Steamship Co.
Limited, wat, made, requiring the sum of $48,551.50 ; in addition, $34,703.02 was advanced
on account of loss in operation. The above amounts appear as deductions from income.
212 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
0. Statement of operations and general balances for seven fiscal years ending June 30 :
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated
Passenger Train Miles. .
Freight Train Miles
Total Rev. Train Miles..
Passengers Carried.,
Passengers One Mile
Freight (tons) Moved. . .
Freight (ton) Miles
1,340.6
2,491,287
5,467,616
7,958,903
1,813,379
93,268,067
5,671,200
1,720,788,501
1,847,148
7,304,816
445,067
1,340.6
2,508,916
5,649,444
8,158,360
1,957,954
99,8(14.173
6,544,835
1,836,024,472
$
1,949,789
7,810,598
460,744
1,340.6
2,551,097
5,684,832
8,235,929
1,798,122
93,813.<.K)6
6,491, 297
2,000,094,742
$
1,857,898
8,389,374
460,911
1,840.6
2,604,271
6,638.207
9,242,478
1,925.502
100,592,358
7,806,914
2,513,221,007
S
1,954,864
9,262,998
570,695
1,425.0
2,689,868
5,891,825
8,581,693
2,211,531
130.190,058
8,130,661
2,506,145,852
$
2.422.052
9,062,879
524,908
1,425.5
2,723,228
6,044,579
8,767,807
2,536,529
1^5.852.014
9,746,840
2,946,894,104
2,681,076
10,095,144
625,850
1,506.6
2,793,955
5,4(69,060
8,763,015
2,630,574
142,494. 4 s8
10,125,497
3,051,175,642
|
2,826.813
11,842,213
702,516
Earnings— Passenger . . .
Freight
Other
Total Earnings
Operating Expenses...
Net Earnings
9,596,030
6,181.717
10,221,131
6,680,143
10,708,183
6,954,li06
11,788,557
7,665,724
12,009.889
7,692,059
13,40-2.070
8,706,7R5
15,371,542
9,565,880
3,414,313
11,445
3,540,988
23,548
3,753,577
79.326
4,122,833
71,817
4,317,780
100,158
4,695,285
148,371
5,805.662
149,925
Other Receipts
Net Income
Payments — Taxes
3,425,758
282,810
3,098,118
26,124
3,564,536
283,009
3,126,140
8,045
3,832,903
332.164
3,134.137
64,061
4,194,650
316,583
3,148,771
48,210
4.417.938
385.325
3,183.097
158,194
605,278
741,322
8,427 96
5,397 94
3,030 02
64.05 p. c.
1.86c.
0.36 c.
S
60,536,400
67,575,554
859,869
942,036
4,843,656
380,853
3,230.144
60,081
605,288
1,172,578
9,398 36
6,105 74
3,292 62
64.97 p. C.
1.97c.
0.34 C.
S
60,543,100
68,800,354
1,244,254
982,016
5,955.587
401,299
3,342.440
65,411
605,291
1,541,146
10,20280
6,349 32
3,853 48
62. 23 p. c.
1.98 C.
0.39 C.
60,542,100
69,894.354
2,161,145
1,035,118
Interest
Other
Dividends, 1 p. c
Balance, Surplus
18,706
7,155 88
4,609 78
2,546 10
64. 42 p. c.
1.98 c.
0.43 c.
$
60,562,40(1
64,192,379
543,900
950,541
175,000
1,485,362
652,904
147,341
7,622 02
4,976 99
2,645 03
65. 36 p. c.
1.95c.
0.43 c.
$
60,554,400
65,040,679
691.267
961,332
125,000
1,187,583
685,034
302,542
7,985 22
5,186 13
2,799 09
64. 95 p. c.
1.98 c.
0.42 c.
$
60,549,400
65,046,679
111,700
956,249
500,000
1,633,070
822,940
681,086
8,79087
5,716 42
3,074 45
65. 03 p. C.
1.94c.
0.37 c.
S
60,547,400
65,564,554
353,915
951,163
Gross Earnings per Mile.
Gross Exp. per Miie
Net Earnings per Mile . .
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile.
Av. Rate p. Ton per Mile.
Capital Stock
Funded Debt
Equipm't Trusts
Unpaid and Accru'd Int.
Bills Payable
Current Liabilities
1,057,918
1,441,449
1,134.327
2,147,580
1,695,655
1,060,342
1,861,933
1,062,325
Profit and Loss
Total Liabilities
Invested Assets
128,562,486
126,719.824
223,109
1,285,785
333,768
129,245,295
127,656,435
229,990
1,001,082
357,788
129,620,038
127,892,462
315,095
1,070,382
342,099
129,916,399
127,039,405
184,983
2,024,434
667,577
133,195,766
129,075,572
201,806
2,745,870
1,172,518
134,325,721
129,381,358
423,495
3,849,800
671,064
136,556,975
130,926,162
689,644
4,108,815
832,354
Materials and Supplies..
Af counts, Balances, etc.
Cash on Hand & on Dep.
Total Assets
128,562,486
129,245,295
129,620,038
129,916,399
133,195,766
134,385,721
136,556,975
The mileage operated in the years 1895-1900 is exclusive of the Kinniconnick and Freestone RR., 19.8
miles, the accounts of which are kept separately; in the years 1896-1898 it is also exclusive of the line
between Lexington and Louisville, 84.4 miles, the earnings and expenses of that line having been kept
separate in those years, but included in the reports for 1899 and 1900; in 1900 is exclusive of 30.90 miles of
" Roads Operated for Account of Owners " as well as the Kinniconnick and Freestone RR. shown above.
The mileage of the Washington Line, between Orange and Washington, 84.5 miles, is included for all the
years.
1O. General Balance Sheet, June 30, 1901.
First Preferred Stock $13,000,000
Less Deposited in Trust 12,988,300— $11,70000
Second Preferred Stock 12,000,000
Less Deposited in Trust... 11,999,100— 90000
Common Stock 60,529,500 00
Funded Debt Outstanding (see below).. 69,894,354 17
Due for Cars Purchased 2,161,14508
Current Accounts 1,409,895 77
Cost of Road and Equipment $112,047,401 45
Bonds Owned 12,022,41819
Stocks Owned 4,898,757 41
Miscellaneous Securities 231,076 08
Advances to Controlled Companies 1,494,02096
Sundry Construction Accounts 120,851 31
Unexpended Balance Construction Fund 111,636 26
Car Trust Cars, Cost 3,033,41051
Materials and Supplies 689,643 73
Current Accounts 1,052,637 98
Bills Receivable 22,767 13
Deposited to Pay Coupons & Dividends 229,627 71
Cash on Hand 602,726 71
Total Assets $136,556,975 43
Unpaid Coupons, Including July 1 226,443 71
Interest Accrued on Funded Debt 808,67488
Taxes Accrued, not Due 152.037 24
Temporary Loan 300,000 00
Profit and Loss 1,062,325 08
Total Liabilities $136,556,975 43
11. Funded Debt — The funded debt outstanding on June 30, 1901— total, $69,894.354.17, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement. Ad-
ditional particulars respecting any issue will be found in the paragraph relating thereto subjoined to the
statement; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the
Ready Reference Bond List — see General Index:
$2,013,354 Ser. A & B 1st gold 6s of July 1, 1908.
2,000,000 Pen. Ext. 1st gold 6s of Jan. 1, Iflll.
142,000 Terminal 1st gold 6s of June 1. 1922.
25,858,000 1st consol, gold 5s of May 1, 1939.
6,000,000 R. & A. Div. let gold 4s of Jan. 1, 1989.
81, 000,000 R. & A.Dir. 2(1 gold *s> of Jan. 1.1 989.
650,000 Craig Vy. Br 1st gold 5s of July 1,1940.
400,000 Warm Spr. Br. 1st gold 5s of Mar. 1, 1941.
3,007.000 E., L. & B. S. RR. 1st 5s of Mar. 1, 1902.
28,824,000 General gold 4js of March 1, 1992.
POOR S MANUAL — CHESAPEAKE AND OHIO RY. CO.
213
FIRST MORTGAGE BONDS.— The 1st mtge. bonds of 1908 (scries A and B) are secured on th« main line
(Richmond to Huntington) and franchises of the old C. & 0. Ry. Co. There are $2,000,000 of bonds of
series A outstanding and $13,354.17 of series B bonds and scrip therefor. The bonds of seriei A were
issued under the same mortgage as series B bonds, have equal security therewith, and, in addition, are
specially secured by a lien, in common with the $2,000,000 6s of 1011, on the Newport News Extension and
the Newport News terminal facilities.
PENINSULA EXTENSION BONDS.— Secured on the line from Newport News to Richmond, 75.10 miles.
TERMINAL BONDS. — Secured on the extension from Newport News to terminals, 7.8 miles.
FIRST CONSOL. MTGE. BONDS. — The 1st consol. mtge. bonds cover the entire old line of the company,
and also (by deposit with trustee of the stocks and bonds isued by the companies owning them and be-
longing to the C. & O. Ry. Co.) the extension from Ashland to Covington and the bridge across the Ohio
River from Covington to Cincinnati; a total of 658.59 miles. A sufficient amount of the bonds is reserved
for the retirement of the before described divisional liens.
RICHMOND AND ALLEGHENY DIVISION BONDS. — The R. & A. l)iv. bonds are secured, in the order of their
priority, on the line from Richmond to Clifton Forge, Va., with branch from Balcony Falls to Lexington,
together 253.32 miles.
CRAIG VALLEY BRANCH BONDS. — Secured by first mortgage on the Craig Valley Extension, from Bes-
semer to Craig City, 26.06 miles.
WARM SPRINGS BRANCH BONDS.— Secured by first mortgage on the line from Covington to Hot Springs,
Va., 24.78 miles.
ELIZABETHTOWN, LEXINGTON AND BIG SANDY BONDS. — These matured on March 1, 1902, and were retired.
GENERAL MORTGAGE BONDS. — Secured on the entire property of the C. & O. Ry. Co., " whether now
owned or hereafter acquired by use of bonds secured by the same mortgage." They are additionally secured
by deposit with the Central Trust Co. of New York of the following securities owned by the C. & O. Ry. Co. :
All the stock and bonds of the Kentucky and South Atlantic RR. Co. ; all except 210 shares of the utock and
all the bonds of the Ohio and Big Sandy RR. Co. ; all the stock, $275,000 1st mtge. bonds, $550,000 2d mtge.
bonds, and $489,000 debenture bonds of the Elizabethtown, Lexington and Big Sandy RR. Co. ; all the bonds of
the Kinniconnick and Freestone RR. Co., and £10,000 of the capital stock of the Chesapeake and Ohio
Steamship Co. The amount of bonds authorized by the mortgage is $70,000,000, but additional bonds,
having equal pro rata security under the mortgage, may be issued from time to time to provide for the actual
cost of double tracking the road. Such additional amount of bonds shall not exceed an average of $25,000 per
mile of double track, however, nor be issued at a rate exceeding $1,500,000 in any calendar year; and no section
of double track for which they may be issued shall be less than three miles in length, unless it be to connect
two other sections. Sufficient bonds of the $70,000,000 are reserved for the retirement of all prior liens, except
the R. & A. Div. bonds, and for the retirement of the first and second preferred stock; the balance may be
issued at a rate not exceeding $2,000,000 a year, for the construction or acquisition of branch lines, for the
acquisition of securities of companies owning such lines, or of steamship companies operating to or from
Hampton Roads, or for the purchase of rolling stock, for new construction (other than double track) and
betterments, or the purchase of additional property either upon, along or appurtenant to the railways owned
or controlled by the C. & O. Ry. Co. In the case of additional lines of railway so acquired the mortgage
is to be a first lien thereon, or if any prior liens are outstanding, a like amount of these bonds (out of the $70,-
000,000) is to be reserved for their retirement. Since June 30, 1901, additional gen. mtge. bonds to the
amount of $4,009,000 have been issued, making the total outstanding $32,833,000.
lla. Kineon Coal Co. Bonds. — In the purchase of the coal terminals at Cincinnati, referred to
in Sec. 1, the company assumed $200,000 5 p. c. gold bonds, due Oct. 1, 1915, but subject to redemption
on Oct. 1, 1905, or on any interest day thereafter.
12. Guaranteed Bonds. — The company is also liable as guarantor of the Norfolk Terminal and
Transportation Co. 1st mtge., $500,000; C. & O. Grain Elevator Co. 1st mtge., $830,000; Greenbrier & New
River RR. 1st mtge., $533,000; Greenbrier Ry. Co., 1st mtge., $2,000,000; Passenger ft Belt Ry. Co., 1st
mtge. $150,000; Louisville & Jeffersonville Bridge Co., 1st mtge. (C., C., C. & St. L. two- thirds; C. & O. one-
third), $3,000,000; C. & O. Steamship Co., Ltd., 1st mtge., £80,000.
13. SECURITIES OWNED BY THE CHESAPEAKE AND OHIO RY. Co., JUNE 30, 1901.
BONDS (total, $14,788,477.71).
Brooklyn Coal Co., 1st 6s $15,00000
Chesapeake & Ohio Ry. Co., gen. 4£s 15,000 00
Chesapeake & Ohio Grain El. Co., inc. 4s. 333,500 00
Coastwise Steamship Co., 1st 6s 636,800 00
C. & C. El. RR. & T. & B. Co., 1st 5s.. 3,500,000 00
E., L. & B. S. RR. Co., 1st 5s 275,000 00
E., L. ft B. S. RR. Co., 2d 6s 550,00000
E., L. & B. S. RR. Co., deb. 6s 489,00000
Greenbrier & New River RR. Co., 1st 5s.. 194,000 00
Kentucky & So. Atlantic RR. Co., 1st 5s.. 110,000 00
Kinniconnick & Freestone RR. Co., 1st 6s 100,000 00
Kinniconnick & Freestone RR. Co., inc. 6s 15,000 00
Maysville & Big Sandy RR. Co., 1st 5s.. 7,500,000 00
Ohio & Big Sandy RR. Co., notes 6s 56,800 00
Ohio & Big Sandy RR. Co., obligation 6s. 572,977 71
Old Point Comfort Imp. Co. 2ds 12,40000
Passenger & Belt Ry. Co., 1st 5s 8,00000
Red Ash Coal Co., 1st 6s 15,00000
Ric'h Patch Iron & Ore Co., 1st 5s 10,000 00
Rich. Stand. Steel, Spike & Iron Co., 1st 6s 10,000 00
Rush Run Coal & Coke Co., 1st 6s 20,000 00
Sun Coal & Coke Co., 1st 6s 10,000 00
Southern Improvement Co., 1st 6s 340,00000
STOCKS (total, $14,044,600).
Alberene Ry. Co. ($50 shares) $47,800 00
C. & 0. SS. Co., Ltd. (£10 shares) 600,000 00
STOCKS— Continued.
C. & O. Grain Elev. Co. ($100 shares) . . $500,000 00
Coastwise Steamship Co. ($100 shares) . . 105,000 00
C. & C. El. RR. & T. & B. Co. (100 shares) 1,500,000 00
E., L. & Big Sandy RR. Co. ($100 shares) 3,483,200 00
G. & N. N. SS. Co., Ltd. (£100 shares). 75,000 00
G. J., L. L. & D.W. RR. Co. ($100 shares) 75,100 00
G. & N. R. RR. Co. ($100 shares) 100,000 00
Greenbrier Ry. Co. ($100 shares) 5,00000
Guy. Val. Ry. Co. ($100 shares) 500,00000
K. & So. A. RR. Co. ($100 shares) 150,000 00
K. & F. RR. Co. ($100 shares) 88,70000
L. & J. Bridge Co. ($100 shares) 475,000 00
M. & B. S. RR. Co. ($50 shares) 5,011,250 00
Newport News Pub. Co. ($100 shares) 1,500 00
Norfolk Term. & Tr. Co. ($100 shares).. 100,00000
N. & P. Belt Line RR. Co. ($100 shares).. 6,200 00
Ohio & Big Sandy RR. Co. ($100 shares) . . 994,000 00
0. Riv. & C. Ry. Co. of Ky. ($100 shares) 50,000 00
Old Pt. Comfort Imp. Co. ($100 shares).. 18,600 00
Richmond Chamber of Com. ($100 shares). 1,000 00
Trigg, W. R. Co.— com. ($100 shares).. 100,00000
Trigg, W. R. Co.— pref. ($100 shares).. 100,00000
Virginia Nav. Co.— com. ($25 shares) . . 5,000 00
Virginia Nav. Co.— pref. ($25 shares) 2,250 00
Total $28,883,077 71
Cost as per Balance Sheet $17,152,251 68
Of the bonds $13,712,177.71, and of the stocks $12,390,325, or a total of $26,102,502.71, are deposited as
security under the consolidated and general mortgages of the C. & 0. Ry. Co.
14. Cost of Road and Equipment.— The cost of road and equipment on June 30, 1900, was
$125,762,169.81. Add for amount expended during the year as follows: Piney Creek Branch (completed),
2U
POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GROUP.
$143.63403; Richmond improvements, $889,050.60; second track, $365,910.06; real estate, $72,949.02— total,
$127 2'« 7n ">2 Deductions* Securities of controlled roads, $13,763,585.50; advances to controlled roads,
si 292 751 57 -sale of Richmond Dock property, $129.975-total deductions $15,186,312.07. Total as per
balance sheet, June 30, 1901, $112,047,401.45. The securities of controlled roads and the advances to
controlled roads were included in former years in cost of road and equipment.
15. COMPANIES CONTROLLED BY THE CHESAPEAKE AND OHIO RY. Co.
Chesapeake and Ohio Grain Elevator
Co.— Owns elevator at Newport News. Chartered
July 12 1882. Operated at cost by C. & O. Ry. Co.
Capital stock (all owned by C. & O. Ry. Co.), $500,-
000. Bonded debt, $1,280,500, consisting of $10,000
old 6s of Oct. 1. 1903, int. A. & O.; $820,000 1st 4s
of Oct. 1, 1938, Int. A. & O. ; and $450,500 income 4s
of Oct. 1, 1988, Int. Oct. 1, if earned. The C. & O.
Uy. Co. guarantees the 1st 4s of 1938, both as to prin-
cipal and interest. (See General Index.) Decatur
Ax tell, Pres., Richmond, Va.
Covington and Cincinnati Elevated
RR. and Transfer and Bridge Co.— Coving-
ton, Ky., to Cincinnati, O., 2.1 m., embracing bridge
across Ohio River and extensive terminals in Cin-
cinnati and Covington. Locomotives, 4. Consolida-
tion, Feb. 2, 1886, of a company of the same name,
of Kentucky, and the Ohio and Kentucky Bridge Co.,
of Ohio. Opened Jan. 3, 1889. (See Manual for
1891.) Operated at cost by C. & O. Ry. Co., the
operating results being included in the statement of
that company. Balance Sheet, June 30, 1901. — Cap-
ital stock, $1,500,000; funded debt (1st 5s of Oct.
1, 1937), $3,500,000 — total, $5,000,000. Cost of road
and equipment, June 30, 1901, $5.437,159. The C.
& O. Ry. Co. owns all the stock and all the bonds
and has deposited them under its 1st consolidated
mortgage. G. W. Stevens, Pres.; D. Axtell, Vice-
Pres. ; C. E. Wellford, Sec., Richmond, Va. ; L. E.
Osborn, Treas., Cincinnati, O. Office, Richmond,
Va.
Elizabethtown, Lexington and Bi>?
Sandy RR.— Big Sandy River, Ky., to Lexington,
Ky., 130.9 m. (including 21.3 m. of trackage) ; 2d
track, 7 m. ; sidings, 36 miles. Chartered 1869 as suc-
cessor to Lexington and Big Sandy RR., Western
Division, and by subsequent acts. Leased to the C.
& O. Ry. Co. till Feb. 1, 2136; operated at cost. Bal-
ance Sheet, June 30, 1901. — Capital stock, $3,517,700;
1st mtge. bonds afloat (matured March 1, 1902), $3,-
007,000; unfunded debt, $165.386— total, $6.690,086.
Contra: Cost of road, etc., $7.837.354. The 1st mtge.
bonds (total, $3,282,000). $550.000 2d mtge. bonds,
$489,000 debenture bonds, and the entire capital
stock, are deposited under the general mortgage of
the C. & O. Ry. Co. G. W. Stevens, Pres".; D. Ax-
tell, Vice-Pres.; C. E. Wellford, Sec.; C. E. Potts,
Treas., Richmond, Va. Office, Richmond, Va.
Greenbrier and New River RR. Co.—
Thurmond, W. Va., to Butchers' Branch. 12.6 miles.
Chartered Aug. 3. 1881. Capital stock. $100.000:
funded debt (see C. & O. bond statement), $533,000
— total, $633,000. The capital stock is all owned by
C. & O. Ry. Co. G. W. Stevens, Pres., Richmond,
Va.
Greenbrier Ry. — Whitcomb to Cass, W. Va.,
80.8 miles. Rail (steel), 62 Ibs. Chartered Nov.
16, 1897; road completed as above on June 1, 1901,
and tracklaying on the remaining 14 miles, from
Cass to Durban, was expected to be completed by
Nov. 1, 1901. Capital stock ($100 shares), $5,000;
funded debt (1st gold 4s of Nov. 1, 1940), $2,000.-
000. Cost of road, $2,050,902. The capital stock Is
owned by the C. & O. Ry. Co.. and that company
guarantees the bonds, both as to principal and in-
terest. The authorized issue of bonds is $3,000,000,
the $1,000,000 unissued being reserved for the con-
struction or acquisition of extensions or branches
of the Greenbrier Ry., and for betterments. G. W.
Stevens, Pres.; Decatur Axtell, Vlce-Pres. ; C. E.
Wellford, See.; C. E. Potts, Treas., Richmond, Va.
Office, Richmond, Va.
Gnyandot Valley Ry.— Barboursvllle to Mld-
kiff, W. Va., 26.5 miles. Rail (steel), 62 Ibs. Char-
tered March 1, 1899; road built In 1900. Capital
stock ($100 shares), $500,000, representing cost of
road. The capital stock is owned by the C. & O. Ry.
Co. J. L. Caldwell, Pres., Huntlngton, W. Va. ;
Decatur Axtell, Vice-Pres.; C. E. Wellford, Sec.; C.
E. Potts, Treas., Richmond, Va. Office, Richmond,
Va.
Kentucky and Smith Atlantic RR.— Mt.
Sterling to Kothwell, Ky., 19.50 m. ; total track,
20.01 miles. Rail (steel), 50 and 62 Ibs. Char-
tered as Mt. Sterling RR. Co., Feb. 13, 1874;
opened in Aug., 1876. Name changed in Feb., 1881.
(See Manual for 1892, page 314.) Capital stock ($100
shares), $150,000; funded debt (1st mtge. 5 p. c.
bonds, dated April 30, 1892), $110,000; unfunded
debt, $57,599— total. $317,599. Cost of road, $268.-
099. The capital stock and the bonds are owned by
the C. & 0. Ry. Co. and are deposited under that
company's general mortgage. G. W. Stevens, Pres.;
Decatur Axtell, Vice-Pres.; C. E. Wellford, Sec.; C.
E. Potts, Treas., Richmond, Va. Office, Richmond,
Va.
Kinniconnlck and Freestone RR.— Stone
City, Ky., to Quarries, 19.8 miles. Earnings, year
ending June 30, 1901, $10,C17. Expenses and taxes,
$19,092. Deficit, $8,445. Capital stock, $88,800;
funded debt (1st mtge. 6s), $200,000; unfunded debt,
$61,854 — total, $350,654. Cost of road, et«., $291,073.
Stock and bonds all owned by C. & O. Ry. Co., the
bonds being deposited under that company's general
mortgage. G. W. Stevens, Pres. ; Decatur Axtell,
Vice-Pres.; C. E. Wellford, See.; C. E. Potts, Treas.,
Richmond, Va. Office, Richmond, Va.
Maysville and 11 1 x Sandy RR.— Ashland to
Covington, Ky., 144 m. ; 2d track, 6.6 m. ; total track
(steel; 75 Ibs.), 211.6 miles. Chartered Dec. 18, 1850,
and by subsequent acts. Road opened Jan. 3, 1889.
Operated at cost by C. & O. Ry. Co. Locomotives,
20. Cars, 1,618. Capital stock. $7,500,000; funded
debt (1st mtge. 5 p. c. 50-yr. $1,000 coupon bonds, due
Feb. 1, 1938, interest Feb. and Aug., in New York).
$7,500.000: unfunded debt (advances by C. & O. Ry.
Co.), $1,323,843— total, $16.323,843. Contra: Cost of
road, etc., $15,864,744. The C. & 0. Ry. Co. owns
$5,000,000 of the capital stock and all of the bonds
and has deposited them under its 1st consol. mtge.
G. W. Stevens, Pres. ; Decatur Axtell, Vlce-Pres. ;
C. E. Wellford, Sec.; C. E. Potts, Treas., Richmond,
Va. Office, Richmond. Va.
Ohio and Hi« Sandy RR.— Ashland to Peach
Orchard, Ky., 48.2 m. ; total track, 58.6 miles.
Rail (steel), 50, 56, and 62 Ibs. Successor in
1891 to the Chatteroi RR. Co. (See Manual for 1893.)
Capital stock (all owned by the C. & O. Ry. Co.),
$994,000; due C. & O. Ry. Co. for advances and In-
terest, $998.551 — total, $1.992,551. Contra: Cost of
road, etc., $1,685,515. G. W. Stevens, Pres.; D. Ax-
tell, Vlce-Pres.; C. E. Wellford. Sec.; C. E. Potts,
Treas., Richmond, Va. Office, Richmond, Va.
Ohio River and Charleston Ry. of Ky.—
Richardson to Whitehouse, Ky., 8.1 miles. Reorgani-
zation. June 25, 1894, of the Kentucky division of
the Charleston, Cincinnati and Chicago RR. (See
Manual for 1900, page 412.) During the year ending
June 30, 1900, the securities of the company were
purchased by the C. & O. Ry. Co. Capital stock,
$50,000.
16. Board of Directors, Chesapeake and Ohio Ry. Co., elected October 22, 1901.
G. W. Stevens Richmond, Va.
Decatnr Axtell "
H. T. Wlckham " "
Channcey M.Depew.New York,N. Y.
H. McK. Twombly. . "
Wm. H. Newman. . . " "
S. M. Prevoet Philadelphia, Pa.
Samuel Rea
John P. Green
GEORGE W. STEVENS, President Richmond, Va.
Decatur Axtell, Vice- President " "
Trtaturer— C. E. Potts Richmond. Va. | Secretary— C. E. Wellford Richmond, Va.
Comptroller— L, F. Sullivan Richmond, Va.
PRJHCIPAL OFFICB AND ADDBESS (Operating Department) Richmond, Va.
Executive Office. .. " "
POORS MANUAL OF RAILROADS.
GEORGIA RAILROAD AND BANKING COMPANY.
Mileage of Road, March 31, 1901 (owned, 803 miles).
Main Line : Augusta, Ga., to Atlanta, Ga 171 miles.
Athens Branch : Union Point to Athens, Ga 40
Washington Branch : Barnett to Washington, Ga 18
Macon Branch : Cainak to Central RR. Junction, Ga 74
Trackage : Central of Ga. Ry.: Macon Branch Junction to Macon, Ga 4 "
Total length of lines 307 miles.
Sidings, etc., 71.86 miles. Gauge, 4 ft. 9 in. Rail (steel, 303 m.), 56 and 65 Ibs.
History. — Chartered as Georgia RR. Co. on Dec. 21, 1833; present name adopted under
Act of Dec. 18, 1835. (See MANUAL for 1899, page 417.) The banking business has been
turned over to the Georgia RR. Bank, a separate corporation, a majority of whose capital
stock is owned by this company. The railroad property was leased for 99 years on May 7,
1881, to William M. Wadley at a rental of $600,000 a year, payable Sept. 80 and March 31.
The Louisville and Nashville RR. Co. and the Atlantic Coast Line RR. Co. are now joint
lessees. This company holds as security for the performance of the terms of the lease
$500,000 5 p. c. gold bonds of the South and North Alabama RR. Co. and $500,000 1st mtge.
4 p. c. gold bonds of the Atlantic Coast Line RR. Co. of South Carolina.
This company owns one-half interest in the Western Ry. of Ala. (the other half being
owned by the Central of Georgia Ry. Co.), and owns more than a two-fifths interest in tho
Atlanta and West Point RR.
Surplus Account (Lessor), April 1, 1901.— Surplus, April 2, 1900, $841,93697; receipts
for year (rental), $600,000— total, $1,441,936.97. Contra: Accrued dividends (April, July,
and Oct., 1900, and Jan., 1901, 2f p. c. each), $462,000 ; interest on bonds, $138,000 ; other
charges, $252 ; loss on sale of U. P. & W. P. RR. bonds, $59,000— total, $659,252. Balance,
$782,684.97.
Statement of the income and capital accounts, Lessor Co., for eight fiscal years :
1894
1895
1896
1897
1898
1899
1900
1901
$
600,000
15,911
$
600,000
11,947
$
600,000
20,313
$
600,000
21,672
9
600,000
24,052
$
600,000
21,093
$
600,000
19,820
9
600,000
Net Income . . ......
615,911
75
148,000
467,&36
(11)462,000
4,200,000
2,500,000
1,352,308
615.911
47,040
611,947
620,313
11,420
148,000
460,893
(11)462,000
4,200,000
2,500,000
1,360,283
621,672
256
148,000
473,416
(11)462,000
4.200,000
2,500,000
1,171,699
624,052
307
143,000
480,745
(11)462,000
4.200,000
2,500,OW
1,190,443
621,093
252
138,000
482,841
(11)462,000
4,200,000
2,500,000
822,385
619,820
268
138,000
481,552
(11)462,000
4,200,000
2,500,000
841,937
600,000
59,252
138,000
402,748
(11)462,000
4,200,000
2,500,000
782,685
Sundry Expenses
Interest on Bonds
148,000
463.947
(11)462,000
4,200,000
2,500,000
1,359,443
692,752
64,356
Balance
Dividends
Capital Stock
Funded Debt
Profit and Loss
Sundry Accounts
30,453
32,256
25,590
24,285
20,483
20,245
Total Liabilities
8,715,259
4,200,000
2,362,442
1,230,000
610,075
312,745
8,816,551
4,200,000
2,362,442
1,230,000
702,752
321,357
8,090,736
4,200,000
2,362,442
1,230,000
7,908,955
4,200,000
2,164,010
1,230,000
7,916,033
4,200,000
2,164,010
1,230,000
7,546,670
4,200,000
1,175,110
1,230,000
7,562,420
4,200,000
1,775,110
1,230,000
7,502,930
4,200,000
1,691,110
1,230,000
Road and Outfit
St ocks and Bonds
M:icon and Augusta RR . .
Expenses, Interest, etc
Cash and Cash Assets
Total Resources
238,294
309,945
322,023
341,560
357,310
381,820
8,715,259
8,816,551
8,090,736
7,903,955
7,916,033
7,546,670
7,562,420
7,502,930
Dividends. — From the organization of the company to the close of the fiscal year 1901,
there were paid 151 cash dividends aggregating 491 J- p. c. The dates and rates per cent,
of the dividend* to and including that of April 15, 1898, are in the MANUAL for 1898,
page 456.
216 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Company's General Balance Sheet, March 31, 1901 .
Road and Outfit $4,200,0001
Maron and Augusta RR 1,230,00000
Stock Ga. RR. Bank 198,20000
Stocks, Bonds and Investments 1,492,910 00
Cash (on deposit in Bank) 381,820 35
Total Assets $7,502,930 35
Capital Stock $4,200.000 00
Surplus 782,684 97
Funded Debt Outstanding 2,600 000 00
3,240 00
17,005 38
Total Liabilities $7,502,930 35
Accrued Interest on Bonds Unpaid.
Unclaimed Dividends.
Funded Debt.— The funded debt outstanding on March 31, 1901, consisted of the following issues
of debenture bonds: $1,000,000 6s of Jan. 1, 1910, $300,000 6s of Jan. 1, 1922, and $1,200,000 5s of Jan. 1,
1922. Additional particulars are in the Ready Reference Bond List — see General Index.
Securities owned by Georgia RR. and Banking Co., and held by that company for use
of Georgia RR. lessees, March 81, 1901 :
DESCRIPTION.
Par Value.
Ledger .
Valuation
15 000 Shares Stock Western Ry of Alabama, $100 each
1,500,000 00
900,00000
344 Shares Stock Georgia RR. and Banking Co., $100 each, of which 150 shares were
purchased with proceeds sale of Rome RR. stock, and 194 shares with cash received
from Georgia Carolina and Northern Ry Co for right of way, Atlanta
34,400 00
67,44200
4 945 Share* Stock Atlanta and West. Point RR. Co., $100 each
494,50000
494,468 00
31 bonds Walton RR. Co., $'.000 each, 6 p. c
31,00000
31,000(10
Total held by Georgia RR. and Banking Co
Securities owned and held by the Lessees :
6p c Certificates of Indebtedness, A & W. P. RR. Co
2,059,900 00
388,90000
1,492,910 00
388 900 00
2 800 Shares Common Stock, Gainesville, Jefferson and Southern RR. Co., $50 each. . . .
140,000 00
160 Shares Preferred Stock, Gainesville, Jefferson and Southern RR. Co., $50 each
8,00000
3.333 34
Total held by Lessees Georgia RR
536,90000
392 23334
RECAPITULATION.
Securities held by Georgia RR and Banking Co .
2,059,900 00
1 492 910 00
Securities held by Georgia RR., L. & N. RR. Co., Lessee
536,900 00
392,233 34
2,596 800 00
1 885 14334
Income from Securities Owned. — The income from securities held by the company
($2,059,900 as above) during the year ending March 31, 1901, was as follows Dividends ou
W. Ry. of Ala. stock, $90,000 ; on A. & W. P. RR. stock, $53,004 ; on Ga. RR. & B. Co.
stock, $3,784 ; interest on bonds of U. P. & W. P. RR. Co., $2,100— total, $148,888, all of
which has been paid over to lessee of Georgia RR.
Board of Directors, Ga. RR. & B. Co., elected May 12, 1902.
Wm. A. Latimer Augusta, Ga.
George A. Speer Atlanta, Ga.
William W. Thomas. ...Athens, Ga.
James Tobin Augusta, Ga.
Bill ups Phinizy Athens, Ga.
Jacob Phinizy Augusta, Ga.
Edward W. Butler Madison, Ga.
Henry D. McDaniel Monroe, Ga.
H. H. Hickman Augusta, Ga.
J. H. Alexander
A. W. Calhoun Atlanta, Ga.
Thomas W. Cpskery. . . Augusta, Ga.
Leonard Phinizy "
James White Athens, Ga.
R. D. Spalding Atlanta, Ga.
Henry B. King Augusta, *Ga. i Theodore M. Green Washington, D. C.
JACOB PHINIZY, President Augusta, Ga.
C. G. Goodrich, Cashier " "
GEORGIA RAILROAD.— STATEMENT OP THE OPERATIONS, ETC., OF THE GEORGIA
RAILROAD, LOUISVILLE AND NASHVILLE RR. Co. AND ATLANTIC COAST LINE RR.
Co., Lessees.
Mileage Operated, June 30, 1901 :
Leased : Georgia RR. (as per mileage statement on page 215) 307 miles.
Controlled: Gainesv., Jefferson & Southern RR. (See subjoined statement) 65
Operated for Account of Owners : Union Point & White Plaint RR. (See p. 219) 12
n « A ™ rw« >„ n<wi ( Augusta Belt Ry. (See subjoined statement) 6
Owned or Controlled \ MilMgevUle Ry. (See Qen.J index-Street Rys.) fl
uy lessees, wa.rttt. : ^ Lexington Terminal RR. (See subjoined statement) 4
The Gainesville, Jefferson and Southern RR. is of 3-feet gauge; the others are all
POOR'S MANUAL — GEORGIA RR. AND BANKING CO.
217
standard-gauge roads. The Georgia Railroad Lessees hold -,%- interest in the Gainesville,
Jefferson and Southern RR. Co., and have endorsed $236,500 bonds of the same company.
The Union Point and White Plains RR. is operated under a contract with the Georgia RR.
Under the terms of the lease from the Georgia RR. and Banking Co., the Lessees bold inter-
ests in tbe Atlanta and West Point RR., 87 miles, and Western Ry. of Alabama, 138 miles, a
total of 225 miles, making the aggregate mileage of the system, 624.
Rolling Stock, June 30, 1901. — Locomotives, 46. Cars — passenger, 33; combination, 4;
sleeping, 6 ; baggage, mail, and express, 15 ; freight (box, 829 ; flat, 173 ; coal, 230; stock,
18; furniture, 5 ; refrigerator, 5), 1,260 ; service, 45 — total cars, 1,363.
Operations, Georgia RR. and controlled lines, year ending June 30, 1901 :
Georgia
RR.
G., J. & S.
RR.
U. P. &
W. P. RR.
TOTAL ALL LIKES.
1901
1900
Miles of Railroad Operated
307
680,280
899,984
165,060
323,558
65
5,408
18
384
685,688
899,984
255,240
323,558
384
716,698
743,313
234,737
294,179
Freight
Mixed
80,640
9,540
Other ...
Total Engine Mileage .. ,
2,068,882
612,214
19,839,071
1,055,965
119,578,841
$
491,728 52
1,269,269 46
45,114 22
23,555 34
5,011 68
86,048
51,310
795,710
64,799
1,958,182
$
23.466 22
64,894 84
3,452 28
529 07
9,540
3,519
37,579
4,858
53,050
1,121 79
4,700 94
589 92
77 31
2,164,470
667,043
20,673,360
1,125,622
121,590,073
$
516,316 53
1,338,865 24
49,156 42
24,161 72
5,011 68
1,988,927
623,586
19,817,400
959.640
109,307,188
$
459,607 69
1,205,940 3B
46,936 56
20,735 47
3,878 63
Pa'sent'ers Carried One Mile
Tons Freight Moved One Mile
Earnings Passenger
Freight
Mail
1,834,679 22
192,963 17
285,424 79
664,515 03
128,425 41
13,045 07
92,342 41
27,375 68
15,428 28
42,137 46
10,344 21
2,251 73
6,489 96
1,794 70
43 31
2,494 68
662 11
165 75
1,933,511 59
222,133 55
300,896 38
709,147 17
139,431 73
15,462 55
1,737,098 71
199,943 72
269,972 36
591.855 34
130,127 17
14,362 20
Expenses— Maintenance Way and Structures
Maintenance of Equipment
Transportation
General
Taxes
Total Operating Expenses
1,284,373 47
550,305 75
117,423 00
97,537 36
efe/.5,19495
5,160 55
1,329 41
1,387,071 38
546,440 21
117,423 00
1,206,260 79
530,837 92
90,988 00
Net Earnings
Other Receipts Interest and Dividends . .
Total Net Income
667,728 75
def. 5,194 95
16,555 00
1,329 41
663,863 21
16,555 00
600,000 00
621,825 92
20,755 00
600,00000
Rental Georgia RR and Branches
600,00000
Balance, Surplus
67,728 75
5,976 15
4,183 63
1,792 52
70.01 p. c.
2.48 c.
1.12 C.
<fc/.21,749 95
1,420 52
1,500 57
def. 80 05
105.63 p. c.
2.95 c.
3.52 c.
1,329 41
54083
430 05
110 78
79. 52 p. C.
2.99 c.
10.12 c.
47,308 21
5,035 19
3,612 17
1,423 02
71. 74 p. c.
2.50 c.
1.17 C.
1,070 92
4,523 69
3,141 30
1,382 39
69. 44 p. c.
2.32 c.
1.17 C.
Gross Earnings per Mile
Operating Expenses per Mile
Net Earmngsper Mile
Expenses to Earnings
Average Rate per Passenger per Mile
Average Rate per Ton per Mile.
The net income of the Georgia RR. for the fiscal year 1901, $667,728.75, is placed as
follows : Cash in bank, $7,884.65 ; current balances (debtor, $399,267.29 ; creditor, $186,
739.65), $212,527.64 ; balance paid on rental account, $430,378.92 ; advanced for Gainesville,
Jefferson and Southern RR., $16,555 ; advanced for Union Point and White Plains RR.,
$382.54 — total, $667,728.75. Deduct (loss on Gainesville, Jefferson and Southern RR.,
$16,555 ; loss on Union Point and White Plains RR., $382.54), $16,937.54. Total net
income, $650,791.21.
Profit and Loss Account, June 30, 1901. — Debit: Rental of Georgia RR. and branches
this fiscal year, $600,000 ; loss on Gainesville, Jefferson and Southern this fiscal year,
$16,555 ; loss on Union Point and White Plains RR. tbis fiscal year, $382.54 ; balance
to credit of profit and .loss, June 30, 1901, $70,412.29— total, $687,349.83. Credit: Balance
to credit of profit and loss, June 30, 1900, $19,621.08 ; net income Georgia RR. and branches
this fiscal year, $667,728.75— total, $687,349.83.
218
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Statement of operations, income account, etc., Georgia BR. (lessees), for eight years ;
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR Operated
307.00
541,661
674,284
115,563
1,476,820
382.716
14,466,665
709.741
77,492,258
307.00
635,780
553,623
101,618
1,455,979
321,897
13,357,240
707,048
82,755,684
$
351,263
888,779
53,264
14,332
307.00
653,652
597,022
149,353
1,677,358
410,406
17,234,068
793,136
89,025,409
$
426,957
983,921
54,552
14,362
307.00
609,926
673,736
219,282
1,828,522
320,980
14,817.218
873,8*3
101,018,509
$
386,225
1,139,416
60,983
4,035
307.00
674,458
729,896
95,169
1,808,660
322,796
14,493,757
950,928
114,497,487
380,012
1,167,642
62,035
6,457
307.00
743,520
745,543
92,900
1,902,676
437,930
18,137,8«3
887,673
110,323,385
S
466,042
1,101,109
63,178
4,513
307.00
711,290
743,313
139,294
1,888,070
582,212
19,108.019
908.027
107,908,815
$
441.260
1,149,790
63,411
3,878
307.00
680,280
899,984
105,060
2,068,882
612,214
19,8311,071
1,055.965
119,57fc,841
S
491,729
1,209,269
68,670
5,011
Passenger Train Miles
Freight Train Miles
Mixed Train Miles
Total Engine Mileage
Passengers Carried
Passengers Carried 1 Mile. .
Tons Freight Moved
Earnings — Passenger
$
381,177
917,663
54,596
13,808
Freight
Mail and Express
Miscellaneous .
Total
1,367,185
869,984
1,307,638
987,364
1,479,792
1,048,672
I Ii90,659
1,139,296
1,616,146
1,223,117
1,634.842
1,141,199
l,658,33!t
1,117.227
1,834,679
1,284,373
Operating Expen. & Taxes.
Net Earnings
497,201
92,752
320,274
92,752
431,120
92,752
451,363
107,800
393,029
62,528
493,643
287,849
541,112
90,98b
550.306
117,423
Add — Interest & Dividends.
Total Income
589,953
600,000
-10,047
-705,703
-*715,750
4,453 37
2,833 82
1,619 55
63.63 p. C.
2.57 C.
1.18 C.
413,026
600,000
-186,974
-623,790
-810,764
4,259 41
3,216 17
1,043 24
75.51 p. c.
2.63 c.
1.08 C.
523,872
600,000
-76,128
-810,764
-886,892
4,820 17
3,415 87
1.404 30
70.87 p. c.
2.48 c.
1.18C.
559,163
600,000
-40,837
-886,892
-92,~,929
5,181 30
3,711 06
1,470 24
71.62 p. c.
2.61 c.
1.19 c.
455,557
600,000
-144,443
-927,729
-1,072,172
5,264 32
3,984 10
1,280 22
75.68 p. c.
2.62 c.
1.08 c.
781,492
600,000
+ 181.492
-1,072,17-2
-t890,680
5,325 21
3,710 74
2,614 47
69.80 p. C.
2.57 C.
1.06 C.
632,100
600,000
+ 32.100
-1,149,954
- J 1,117,854
5,401 75
3,639 17
1,762 58
67.37 p. c.
2.31 c.
1.13C.
667.729
600,000
+ 57,729
+ 19,621
+ §87,350
5.976 15
4,183 63
1,792 52
70.01 p. C.
2.48 c.
1.12 C.
Rental Ga. RR. and Brs
Balance ( + or — )
Balance Forward
Deficit at Close of Year ....
Gross Earnings per Mile . . .
Operating Expenses p. Mile
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
* Less materials and supplies on hand, charged heretofore to operating expenses, $91,961, leaving net
deficit June 30, 1895, $623,790. t Plus materials and supplies on hand, credited heretofore to profit and loss,
$91,961, also income received after June 30, 1899, $167,313, making debit balance to profit and loss, June 30,
1899, $1,149,954. { Plus cost of roads, $567,971; interest on A. & W. P. RR. certificates prior to June 30, 1899,
paid to lessees, $11,667; dividend, Augusta Belt Ry., prior to June 30, 1899, paid to lessees, $3,782; GA, J. &
S. RR. interest for April, May and June, $1,313; loss on G., J. & S. RR., $16,555, and loss on Union Point and
White Plains RR., $6,475, less $1,745,238, balance due lessee general account, making credit balance to profit
and loss, June 30, 1900, $19,621. § Less loss on G., J. & S. RR., $16,555 and loss on Union Point and White
Plains RR., $383, leaving credit balance to profit and loss, June 30, 1901, $70,412.
General Balance Sheet (Lessees), June 30, 1901.
Car Trust Account $36,448 62
Locomotive Trust Account 14,07520
Athens Extension 131,737 59
Gainesv., Jefferson & Southern RR. Stock. 3,333 34
Gainesv., Jefferson & Southern RR. Roll-
ing Stock 21,380 00
Advanced for G., J. & So. RR 394,687 12
Advanced U. P. & W. P. RR 16.833 59
Current Accounts and Balances 399,26729
Cash in Bank and with Treasurer 7,884 65
Total Assets $1,025,647 40
Lessee General Account $567,971 64
Rental Accrued, April, May and June.... 150,000 00
Car Trust and Locomotive Notes 50,52382
Current Creditor Balances : 186,73965
Profit and Loss 70,41229
Total Liabilities $1,025,647 40
Itnmln Guaranteed and Unguaranteed.— There are outstanding secured on the Gaines-
ville, Jefferson and Southern RR., $245,000 1st 7s of 1911, int. J. & J. ; $75,000 2d 7s of 1908, int. A. & O. ;
and $40,000 Walton RR. 1st 6s of 1910, int. J. & J. Secured on the Union Point and White Plains RR.
there are $84,000 1st 5s of 1920, int. J. & J. The Georgia Railroad lessees have endorsed $161,500 of the
G., J. & S. 1st mtge. bonds and the entire $75,000 2d mtge. bonds. They advance the means to pay the
coupons, except on Walton RR. bonds and on the $83,500 unendorsed 1st mtgre. bonds of the G.,
J. & S. RR. Co., interest on both of which is in default since July 1, 1895. The Georgia RR. and Banking
Co. owns $31,000 of the Walton RR. bonds. Interest on bonds is payable at Augusta, Ga., and at the
\merican Exchange National Bank, New York, N. Y. Additional particulars respecting the several issues
c.t bonds are in the Ready Reference Bond List. (See General Index under name of Georgia RR. and
Banking Co.)
RAILROADS OPERATED BY GEORGIA RR., L. & N. RR. Co., AND A. C. L. RR. Co., Lessees.
Augusta Belt Ry.— Harrlsonyllle to June, with
O. & W. C. Ry. at Augusta, Ga.. 3.78 m.; total
track (steel; 56 Ihs.), 6.16 miles. Chartered April 8,
1896; road opened In 1896. Owned by the Georgia RR.,
Lessees. Gross earnings, year ending June 30, 1901,
|7,597. Operating expenses, $4,283. Net earnings,
$3,314. Balance Sheet, June 30, 1901. — Capital stock
($100 shares), $66,000; profit and loss, $7,138 — total,
$72136. Contra: Cost of road, $65,000; cash and
other assets, $7.135— total, $72,135. Tbor K. Scott,
Pres. ; Carlton Hlllyer, Sec. & Treas., Augusta, Ga.
Office. Augusta, Ga.
Gainesville, Jefferson and Southern
RR.— Gainesville to Social Circle, Ga., 62 m.; Bel-
mont to Jefferson, Ga., 13 m.— total, 65 m. ; total
track (steel, 43 m.), 72 miles. Rail, 30 to 56 Ibs.
POOR'S MANUAL OF RAILROADS.
219
Gauge, 3 ft. Chartered Aug. 23, 1872; road opened
March 8. 1884. Consolidated with the Walton RR.,
on March 11, 1884. .Operated In connection with the
Georgia RR. On March 4, 1897, the road was placed
in the hands of a receiver. Gross earnings, year end-
ing June 30, 1001, $92,342; expenses, $97,537; deficit,
$5,195. Interest on bonds, $10,555. Deficit, $21,750,
ndvanced by Georgia KR. Co. Capital stock ($242,-
687 common and $17.650 preferred; $50 shares). $260.-
337; funded debt ($245,000 1st 7s of 1911; $75,000
2d 7s of 1908, and $40.000 Walton RR. 1st 6s of
1910), $360,000 — total, $620,337. S. C. Dunlap, Re-
ceiver. Office, Gainesville, Ga.
Lexington Terminal RR.— Lexington to
Crawford, Ga., 4 miles. Rail (steel), 30 Ibs. Char-
tered in 1888; road opened Oct. 1, 1889. Purchased
by lessees of Georgia RR. on Jan. 1, 1900. Locomo-
tive, 1; passenger car. 1. Gross earnings, year end-
ing June 30, 1901, $2.748. Operating expenses,
$1,658. Net earnings, $1,090. Balance Sheet. June
30, 1901. — Capital stock, $6,600; profit and loss,
$1,417— total, $8,017. Contra: Cost of property,
$6,600; other assets, $1,41T— total, $8,017. Hamilton
McWhorter, Pres., Lexington, Ga. ; Thos. K. Scott,
Vlce-Pres. ; W. T. Richards, Treas. ; Carlton Hlllyer,
Sec., Augusta, Ga. Office, Augusta, Ga.
Union Point and White Plains RR.-
Union Point to White Plains, Ga. (owned, 12 in.;
trackage, 1.5 m.), 13.5 m. ; total track (iron, 11.51
m.), 14.01 miles. Chartered Aug. 5, 1886; road opened
Sept. 23, 1889. Operated by the Georgia RR., Les-
sees, for account of the owners. Locomotive, 1. Cars
supplied by the Georgia RR. and Banking Co. Gross
earnings, year ending June 30, 1901, $6,490. Ex-
penses, $5,161. Surplus, $1,329. Capital stock (par,
$100), $32.500; funded debt (1st 5s of 1920), $84.000;
balance to credit Ga. RR.. $2.3,691; transportation
account, $163 — total, $140,354. Contra: Cost of
road, etc., $91,987; profit and loss, $46.492; cash,
$1,712; due by agents, $163 — total, $140,354. John
C. Hart, Pres., Union Point, Ga.; J. H. Kilpatrick,
Vice-Pres. ; R. Tappan, Sec., White Plains, Ga. ;
W. T. Richards, Treas. ; Carlton Hillyer, Auditor,
Augusta, Ga. Office, Union Point, Ga.
Officers in Charge of Operations.
THOS. K. SCOTT, General Manager Augusta, Ga.
Treasurer— W. T. Richards Augusta, Ga. | Auditor— Carlton Hillyer Augusta, Ga.
PRINCIPAL OFFICE AND ADDBEBS Augusta, Ga.
NEW YORK, PHILADELPHIA AND NORFOLK RAILROAD COMPANY.
Main Line of Road. — Delmar, Del., to Cape Charles, Va 95 m.
Crisfield Branch : King's Creek, Md.. to Crisfield, Md 17 m.— 112 milea.
Sidings, etc., 20.65 miles. Gauge, 4 ft. 8* in. Rail (steel, 120.83 m.), 60 Ibs.
This company also operates 36 miles of ferry between Cape Charles, Old Point Comfort,
Portsmouth, and Norfolk.
History. — Chartered Sept. 27, 1881, as successor to the Peninsula RR. Co. of Virginia.
Reorganised without foreclosure and without change of name on Jan. 24, 1899, under the
terms of a plan outlined on page 422 in the MANUAL for 1899.
Rolling Stock, June 30, 1901. — Locomotives, 19. Cars — passenger, 10 ; baggage, mail
and express, 7; freight (box, 592 ; flat, 2), 594 ; service cars, 11 — total cars, 622.
Floating Equipment, June 30, 1901. — Steamboats, 3 ; tugboats, 4 ; car-floats, 6; transfer
barges, 2 — total, 15.
Operations, year ending June 30, 1901. — Train mileage — passenger, 200,733 ; freight,
240,999 ; other, 79,408— total, 521,140 miles. Passengers carried, 218,997 ; carried one mile,
9,240,654; average mile rate, 2.52 cents. Tons freight moved, 951,962; moved one mile,
99,655,756; average ton-mile rate, 0.92 cent.
Burnings— Passenger $232,848 24
Freight 913,248 44
Mail and Express 63,760 04
Miscellaneous 40,110 63
Expenses— Maint. of Way & Structures .... $95,551 67
Maintenance of Equipment 170,390 84
Conducting Transportation 506,006 46
General Expenses 41,872 54
Total ($11,160.42 per mile) $1,249,967 35 Total ($7,266.26 per mile) $813,821 51
Net earnings (34.89 p. c.), $436,145.84 ; other receipts, $3,120— total, $439,265.84. Pay-
ments: Interest on funded debt, $144,000; taxes, $27,824.86; extraordinary expenditures,
$99,070.22 dividends (4 p. c.), $68,575— total, $339,470.08. Surplus, $99,795.76; surplus
forward, $472,100.80— total, $571,896.56. Deductions during the year, $100,000.00. Surplus,
June 30, 1901, $471,896.56.
Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30 :
Yean.
Capital
Stock.
Bonded
Debt.
Cost RR.
& Invest-
ments.
RR.
Oper
ated
Gross
Earn-
ings.
Expen.
and
Taxes.
Net
Earn-
ings.
Net
Rev-
enue.
Paid
In-
terest.
Total
Pay-
ments.
Balance
! + or—).
$
$
$
Miles.
$
*
$
I
$
$
$
1894.
1,714,378
3,048,000
5,212,959
112
878,857
683,470
195,387
195,387
190,496
190,496
+ 4,8»1
1895.
1,714,375
2,908,000
5,212,959
112
907,654
714,404
193,250
202,151
188,124
188,124
+ 14,027
1896.
1,714,375
2.848,000
5,212,959
112
941,253
751,030
190,223
190.323
181,391
181,391
+ 8,833
1897.
1,714,375
2,848,000
5,261,618
112
905,372
742,238
163,136
163.136
179,165
179,165
-16.059
1898.
1,714,875
2,848,000
5,575,551
112
926,311
759,397
166,914
166.914
155,222
155,222
+ 11 6i2
1899.
1,714,375
8,500,000
5,659,229
112
1,106,152
815,364
290,788
290,788
106,132
106,132
+ 184,656
1900.
1,714,375
3,600,000
5,754,913
112
1,199,842
758,089
441,753
442,713
111,600
263,398
+ 179,315
1901.
1,714,375
3,600,000
5,645,027
112
1,249,967
841,646
408,321
411,441
144,000
311,645
+99,796
220 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
' General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $5,473,592 76
Real Estate and Other Investments 63,234 23
Stocks and Bonds Owned 108,200 00
Materials and Supplies 78,402 66
Cash and Current Assets 329,66689
Reserve Fund 275,255 00
Total Assets $6,328,351 54
Capital Stock $1,714,375 00
Funded Debt (see below) 3,600,00000
Current Liabilities 207,114 58
Accrued Interest and Accrued Taxes 59,710 40
Reserve Fund 275,25500
Profit and Loss 471,896 56
Total Liabilities $6,328,351 54
Capital Stock.— The authorized issue is $2,000,000; shares, $50 each. Under a traffic agreement
with the Pennsylvania RR. Co. it is provided that the company named or the Philadelphia, Wilmington
and Baltimore RR. Co., or both of them, shall have the option to purchase the capital stock of this
company at any time during the continuance of the traffic contract at a price to be determined by
capitalizing, at the rate of 6 p. c. per annum, the average annual net earnings applicable to dividends fo'r
the three years prior to the exercise of the option, added to the pro rata value per share of any accumulated
and undivided earnings, represented by cash or securities at their market value, in excess of the sum of $100,-
000, which amount shall be held to be required for working capital. To insure and secure this option, the
capital stock is deposited in trust, and in lieu thereof there have been issued to the share owners negotiable
trust certificates entitling the holders to vote at any meeting of the company and to receive any dividends
declared upon the stock.
Fnndecl Debt.— The funded debt on June 30, 1901, consisted of $2,600,000 1st gold 4s of Jan. 1,
1939, and $1,000,000 2d income gold 4s ot Jan. 1, 1939. The authorized amount of 1st mtge. bonds i9
$3,000,000, of which $400,000 is reserved for betterments. Additional particulars are in the Ready Reference
Bond List — see General Index.
Directors (elected March 18, 1902).— A. J. Cassatt, William A. Patton, J. G. Cassatt,
C. A. Griscom, Rudulph Ellis, R. K. Cassatt, Philadelphia, Pa. ; John Lloyd, Altoona, Pa.
WM. A. PATTON, President Philadelphia, Pa.
R. K. Cassatt, Astt. to President
Treaiurer—J. G. Cassatt Philadelphia, Pa. | Secretary— O. J. DeRonsse Philadelphia, Pa.
Auditor— H. C. Carlile Philadelphia, Pa.
PRINCIPAL OFFICE AND ADDRESS Cape Charles, Va.
NORFOLK AND SOUTHERN RAILROAD COMPANY.
Main Line of Road : Berkeley, Va., to Belhaven, N. C 105.80 m.
Virginia Beach Division : Norfolk, Va., to Virginia Beach, Va 18.86 m.
Currituck Branch: Kempsville, Va., to Munden Point, Va 22.14 m. — 146.80 miles.
Sidings, 26.62 miles. Gauge, 4 ft. 81 in. Rail, (steel, 173.42 m.), 50 to 70 IDS.
History. — Organized in May, 1891, as successor to the Norfolk Southern and the Albe-
marle and Pantego RR. Cos. (See MANUAL for 1897, page 146.) Under date of Nov. 1, 1899,
the company purchased the Norfolk, Virginia Beach and Southern RR., extending from Nor-
folk to Virginia Beach and from Kempsville to Munden Point; a total distance of 41 miles.
(See MANUAL for 1899, page 477.) The Princess Anne Hotel and real estate at Virginia Beach
were not included in the purchase.
Rolling Stock, June 30, 1901. — Locomotives, 17. Cars— passenger, 23 ; baggage, mail
and express, 7; freight (box, 221 ; flat, 139; stock, 6 ; other, 59), 425; service, 40— total cars, 495.
Floating Equipment. — Steamboats, 10; transfer steamer, 1; tugs, 3; car floats, 4; float-
ing pile driver, 1 ; barge, 1 ; and 10 covered lighters.
Operations, year ending June 30, 1901. — Train mileage— passenger, 144,856 ; freight,
100,427; mixed, 56,168; other, 10,489— total, 311,940 miles. Passengers carried, 345,164;
carried one mile, 7,128,343; average mile rate, 2.09 cents. Tons freight moved, 506,187 ;
moved one mile, 25,598,501 ; average ton-mile rate, 1.85 cents.
EABNINGS. 1899-00 1900-01
Passenger $110,97392 $149,00417
Freight 449,73924 473,95727
Mail and Express 16,41271 18,22140
Miscellaneous 52,36239 55,91675
Totals $629,48826 $697,09959
Totals per Mile 4,728 37 4,748 63
EXPENSES. 189900 1900-01
Maint. of Way and Structures. . $94,883 62 $155,622 36
Maintenance of Equipment 59,727 28 70,168 51
Conducting Transportation 216.424 43 244,549 85
General Expenses 38,620 92 40,234 16
Totals... .. $409,65625 $510,57488
Totals per Mile 3,07711 3,47803
Net earnings, 1900-1901 (26.76 p. c.), $186,524.71 ; interest, rents, etc., $3,966.61 ; net earn-
ings of steamboats, $10,539.58— total, $201,030.90. Payments : Interest on funded debt,
$67,500; on floating debt, $740.40 ; taxes, $22,737.86; dividends (5 p. c.), $100,000— total,
$190,978.26. Surplus, $10,052.64 ; surplus forward, $281,947.76— total, $292,000.40.
POOR'S MANUAL OF RAILROADS.
221
Capital account, income, etc., for eight fiscal years ending June 30 :
v.,_ Capital Bonded Cost RR. & Road Gross Net Net Interest Divl. Total Balance,
• Stock. Debt. Equipment. Operated. Earn's. Earn'gs. Income. Paid, dends. Paym'ta. Surplui.
$ $ $ Miles. $ $ $ $ 9 $ $
1894.... 2,000,000 660,000 2,651,925 103.82 394,418 143,315 149,690 33,000 80,000 130,775 18,915
1895.... 2,000,000 750,000 2,780,000 104.48 407,207 162,562 165,634 87,107 80,000 146,041 19,593
1896.... 2,000, 000 750.000 2,780,000 104.48 422,510 140,640 147,946 38,982 80,000 132,542 15,404
1897.... 2,000,000 750,000 2,770,000 102.85 426,628 142,268 144,963 38,732 80,000 144,458 505
1898.... 2,000, 000 750,000 2,765,000 102.85 493,529 164,962 173,474 38,483 80,000 141,068 32,406
1899.... 2,000,000 830,000 2,785,000 102.85 487,023 173,872 190,947 40,233 80,000 183.889 7,058
1900.... 2,000,000 1,350,000 3,553,645 146.80 629,488 219,832 229,349 69,650 80,000 169.070 60,279
1901.... 2,000,000 1,350,000 3,567,689 146.80 697,100 186,525 201,031 68,240 100,000 190,978 10,053
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $2,000,000 ;
funded debt, (1st gold 5s of May 1, 1941; $10,000 per mile auth.), $1,350,000; current
liabilities, $125,755.18; accrued interest, $11,307.47; profit and loss, $292,000.40— total,
$3,779,063.05. Contra : Cost of road and equipment, $3,567,689.02 ; securities owned,
$8,075 ; materials, etc., $32,155.32 ; cash on hand, $44,727.69 ; current assets, $126,416.02—
total, $3,779,063.05.
Directors (elected March 6, 1902). — John Carstensen, Alfred Skitt, E. V. W. Rossiter,
Henry Sampson, C. M. Depew, Charles F. Cox, George R. Turnbull, W. S. Johnston, New
York, N. Y. ; A. J. Cassatt, Philadelphia, Pa.
JOHN CARSTENSEN, President New York, N. Y.
Alfred Skitt, Vice- President " "
Sec. & Treas. —Clarence Morgan New York, N. Y. | Gen. Manager — Morris K. King Norfolk, Va.
Auditor— George M. Glazier Norfolk, Va.
PRINCIPAL OFFICE AND ADDRESS Norfolk, Va.
New York Office Room 526, Grand Central Station.
NORFOLK AND WESTERN RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of. ... 8 General Balances, 1897-1901 13 Operations, etc,, 1895-1901 12
Directors and Officers 15 History 2 Pocahontas Coal and Coke Co. .. 3
Dividends, Recent 6a Income Account, June 30, 1901.. 5a, 6 Pocahontas Coal Land Mortgage 11
Earnings, Expenses, etc 5 Income Account, 1895-1901 12 RollingStock 4
Eqnipment Trust 4a Mileage Operated, June 30, 1901. . 1 Securities in Treasury 10
Funded Debt, Description of 9 Mileage Operated, 1895-1901 12 Subsidiary Cos., Statements of. . 14
General Balance Sheet, 1901 7 New Joint Mortgage 11 Trackage, Particulars of la
1. Mileage Operated, June 30, 1901 (owned, 1,563.09 miles).
Main Line : Lambert's Point, Norfolk, Va. , to Bristol, Tenn 412.32 miles.
Branches and Spurs -. 29.01
Durham Division : Lynchburg, Va., to Durham, N. C 115.43
Branches and Spurs 3.48
Shenandoah Division : Hagerstown, Md., to Roanoke, Va 238 11
Branches and Spurs 12.96
Winston-Salem Division : Roanoke, Va., to Winston- Salem, N. C 121.80
Branch at Roanoke, Va 0.20
Virginia and Ohio Line : Radford, Va., to Col umbus, 0 401 .87
Branches and Spurs 45.01
North Carolina Division : North Carolina Junction to Iron Ridge, Va -. 45.19
Branches and Spurs 25.73
Clinch Valley Division : Graham to Norton, Va 100.40
Branches and Spurs 12.08
LEASED : Columbus Connecting and Terminal RR.: In Columbus, 0 3.51
Total length of lines operated, June 30, 1901 1,566.60 miles.
2d track, 82.95 m. ; sidings (owned, 490.92m.; leased, 7.15m.), 498.07 miles. Gauge, 4 ft.
9 in. Rail (steel— owned, 2,117.77 m. ; leased, 10.66 m.— total, 2,128.43 m.), 50 to 85 Ibs.
la. The company uses the track of the Richmond and Petersburg RR. to gain entrance
into Richmond, and leases to the Norfolk Southern RR. Co. trackage and terminal facilities
at Norfolk.
2. History.— Reorganization, Sept. 24, 1896, of the N. & W. RR. Co. (see MANUAL for
1898, page 591). The Belt RR. of Durham, N. C., 2.18 miles, was purchased on Oct. 16,
1899, and the entire capital stock of the Cincinnati, Portsmouth and Virginia RR. Co. on
222 POOR'S MANUAL or RAILROADS— SOUTH ATLANTIC GROUP.
Jan. 22, 1901. The bonded debt of the Cincinnati, Portsmouth and Virginia RR. Co., includ-
ing that of the former Cincinnati Connecting Belt RR. Co., was paid off on July 1, 1901. and
the property of the company was deeded to the Norfolk and Western Ry. Co. on Oct. 11,
1901. There has been no formal merger, however, the separate organization of the Cin-
cinnati, Portsmouth and Virginia RR. Co. still being maintained.
3. Pocahontas Coal and Coke Co. — The Norfolk and Western Ry. Co. owns the entire
capital stock of the Pocahontas Coal and Coke Co., owner of an extensive area of coal and
other lands in West Virginia, and of mineral rights, leases, royalties and other property.
This property has been made the basis of a joint and several mortgage executed by the
Pocahontas Coal and Coke Co. and the Norfolk and Western Ry. Co. in favor of the Girard
Trust Co., Philadelphia, Pa., as trustee, to secure an issue of purchase money first mortgage
bonds to the amount of $20,000,000 (see Sec. 12).
4. Rolling Stock, June 30, 1901. — Locomotives, 471. Cars — passenger, 146; combination,
16 ; baggage, mail, and express, 71 ; freight (box, 6,434 ; flat, 400 ; stock, 1,063; poultry, 15 ;
coal, 11,156; charcoal, 4; coke, 614), 19,686— total revenue cars, 19,919. Also, 508 service
cars, 2 tugs, and 11 barges.
4a. Equipment Leased from Virginia Co.— On March 1, 1902, the company leased
from the Virginia Co., for ten years from that date, 53 locomotives, 25 passenger coaches,
6 baggage, mail and express cars, and 5,000 freight cars (3,500 gondola, 1,000 box, and 500
flat), such equipment to be delivered by the Virginia Co. as fast as received from the builders.
Upon the execution and delivery of the lease the Norfolk and Western Ry. Co. paid to the
Virginia Co. the sum of $1,500,000, and will pay further, on each 31st of August, from 1905
to 1911, inclusive, the sum of $500,000, making a total principal sum of $5,000,000 ; interest
to be paid on the deferred amounts (aggregating $3,500,000) at the rate of 4 p. c. per annum
from the date of the lease. Upon the completion of these payments the equipment will
become the property of the Norfolk and Western Ry. Co.
5. General Income Account, year ending June 30, 1901.
Earnings— Passenger ... $2,046,454 75
Freight 13,214,163 85
Mail and Express 404,787
Miscellaneous 120,035 60
Total ($10,118.87 per mile) $15,785,441 86
Expenses— Maint. of Way and Structures.. $1,975,393 43
Maintenance of Equipment 2,324,226 28
Conducting Transportation 4,417,358 71
General Expenses 320,629 94
Total ($5,793.34 per mile) $9,037,608 36
Net earnings (42.7") p. c.), $6,747,833.50 ; add interest and dividends, $68,616. 5P— total,
06,816,450.05. Fixed charges: Interest on funded debt, $2,238,480 ; on car trust obligations,
$11,237.50; taxes, $407,850.73; advances to subsidiary companies, $1,051— total, $2,658,619.23.
Balance to net income account, $4,157,830.82.
6. Net Income Account, June 30, 1901. — Balance of income account, $4,157,830.82; add
surplus to June 30, 1900, $1,811,441.14— total, $5,969,271.96. Contra: Dividends on adjust-
ment preferred shares (No. 7, paid Aug. 24, 1900 ; No. 8, paid Feb. 23, 1901 ; 2 p. c. each),
$909,924 ; dividend on common shares (No. 1, paid June 20, 1901, 1 p. c.), $644,692 ; appro-
priation to betterment fund, $1,500,000 ; cost of flood in coal region, $250,000 ; to discount on
bonds sold, branches and spurs, etc., $31,184.84— total, $3,335,800.84. Surplus, June 30,
1901, as per general balance sheet, $2,633,471.12.
6a. Recent Dividends. — Preferred dividends — No. 9, $454,970, being 2 p. c., paid Aug.
23, 1901; No. 10, $455,044, being 2 p. c., paid Feb. 21, 1902 ; common dividend No. 2,
$644,692, being 1 p. c., paid Dec. 19, 1901.
7. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $136,623,163 95
Capital Expenditures during Year 2,361,436 25
Company's Securities in Treas'y (Sec. 9). 2,705,050 00
Investments in Other Companies 2,411,782 50
Accounts Receivable 886,842 08
Insurance and Licenses Pd. in Advance. 32,311 38
U. S. Internal Revenue Stamps on Hand. 414 61
Materials and Supplies 1,058,08763
Condemned Equipment 33,652 00
Cash 1,758,52048
Total AweU $147,871,260 88
Capital Stock— Preferred (see Sec. 9) . . $23,000,000 00
Capital Stock— Common 66,000,00000
Funded Debt (see Sec. 10) 51,099,500 00
Equipment Liens, N. & W. RR. Co 184,000 00
Interest on Funded Debt, Accrued 601,39665
Taxes Accrued 148,010 38
Accounts Payable 1,258,150 33
Betterment Fund 2,334,725 CO
Flood in Coal Region, June 22, 1901... 221,788 38
Reserve Funds 380,618 42
Profit and Loss _2,633,471 12
Total Liabilities $147,871,260 88
POOR'S MANUAL — NORFOLK AND WESTERN RY. CO. 223
8. Capital Stock.— Preferred stock has priority over common stock for dividends up to 4 p. c. per
annum, non-cumulative, out of surplus net profits; and in case of liquidation or distribution of the capital,
the holders of preferred stock are entitled to receive the par amount of their shares out of the company s
assets before any payment can be made on the common stock. Preferred stock has the right to elect
two-thirds of the board of directors until Sept. 24, 1901, unless full yearly dividends shall have been paid
on it for three years previously; after Sept. 24, 1901, or after full yearly dividends shall have been paid on
the preferred stock for three years, all shares are to have equal voting power. It is provided that no
additional mortgages shall be placed upon the property, nor the amount of the preferred stock be increased
or decreased, without the consent of the holders of two-thirds of the outstanding preferred stock, given
at a meeting called for that purpose, and the consent of a majority of such part of the common stock aa
shall be represented at the meeting, the holders of each class of stock voting separately.
9. Fmuled Debt. — The funded debt as per general balance sheet includes $922,750 of 1st consol.
mtge bonds held in the treasury of the company, the funded debt actually outstanding on June 30, 1901,
amounting to $50,176,750, a> follows (additional particulars are in the Ready Reference Bond List— see
General Index):
Old past-due bonds $6,000
N & W. RR. gen. gold 6s of May 1, 1931 7,283,000
New River Div. 1st gold 6s of April 1, 1932. .. 2,000,000
Improvement & ext. gold 6s of Feb. 1, 1934. .. 5,000,000
S. V. & N. E. 1st gold 4s of Nov. 1, 1989 |5,000,000
C. C. & T. RR. 1st gold 5s of Jan. 1, 1922 600,000
1st consol. coupon 4s of Oct. 1, 1996 29,114,750
1st consol. regM 4s of Oct. 1,1996 1,173,000
OLD PAST-DUE BONDS.— These consist of a $1,000 consol. mtge. 3d preference bond of the Southside RR.
Co., matured Jan. 1, 1896, and five $1,000 enlarged mtge. bonds of the Virginia and Tennessee RR. Co.,
matured June 30, 1884.
GENERAL MTGE. BONDS, N. & W. RR.— Secured on the main line, and on the City Point and Saltville
Branches, 427.5 miles. No more bonds can be issued under this mortgage.
NEW RIVEK DIVISION BONDS. — These are a first lien on the New River Division, from Radford to Kyle,
W. Va., 85.48 m. ; branches to coal mines, 17.35 m. ; the Cripple Creek Extension, 30.40 m. ; and branches
to ore mines, 19.2 m., aggregating 152.93 m. ; and upon all other branches and extensions hereafter con-
structed under the privileges derived from the companies consolidated to form the New River Division;
all of such branches or extensions come under 'the lien of the same mortgage without increasing the
present issue of bonds. The bonds (limited to $2,000,000) represent a first lien at the rate of $13,078 per
mile.
IMPROVEMENT AND EXTENSION BONDS. — By agreement with the trustee the maximum amount of these
bonds which can be issued is $5,000,000. The bonds are a lien upon the main line and upon the City
Point and Saltville Branches, subject to the lien of the general mortgage. They are a second lien upon the
New River Division and the Flat Top and Cripple Creek Extensions thereof. (See Manual for 1891, pag-e
810.)
SCIOTO VALLEY AND NEW ENGLAND RR. BONDS. — These are a first lien upon the line, from Columbus to
Coal Grove, O., 128.6 miles. Under supplemental mortgage of July 22, 1890, the maximum amount of
these bonds which may be issued is $5,000,000. Payment of these bonds, principal and interest, was assumed
by the reorganized company.
COLUMBUS CONNECTING AND TERMINAL RR. BONDS. — These are assumed, principal and interest, by the
Norfolk and Western Ry. Co. Interest payable at the Atlantic Trust Co., New York, N. Y. They are a first
lien upon the Columbus terminals, including real estate in Columbus, O., costing $568,304, and on 3.51 m.
of railroad.
FIRST CONSOL. MTGE. BONDS. — Secured by first mortgage on about 833 miles of railroad, as follows:
Norfolk Terminal Division, 5 m. ; Clinch Valley Division, 114 m. ; Lynchburg and Durham Division, 115 m. ;
Roanoke and Southern Division, 121 m. ; Maryland and Washington Division, 253 m. ; Ohio Extension, 207
m. ; and North Carolina Extension, 18 miles. They are also a first lien on the terminals at Lambert's
Point, Va., and on the shops at Roanoke, Va., and are further secured by pledge of the capital stock of the
Columbus Connecting and Terminal RR. Co. and of $3,499,200 of old divisional lien bonds and $6.979,929.90
equipment obligations of the Norfolk and Western RR. Co. They are also a lien upon the railroad property
of every nature, and upon the franchises of the company, but subject to the lien of previous mortgages;
and they will be a lien on any property hereafter acquired by issue of the bonds reserved for improvements
and additions. The authorized issue is $62,500,000, of which a total of $31,210,500 was issued prior to
June 30, 1901, that amount including $922,750 in the company's treasury. The remainder is reserved for
the following purposes: $22,098,889 to acquire or redeem $19,889,000 of outstanding underly ing bonds;
$3,500,000 to purchase or pay car trust obligations and other charges upon the property, for the creation of a
reserve fund for special improvements, and for other necessary purposes; and $5,690,611 (in addition to the
$500,000 held as an advance under Art. One, Sec. 5.) for new construction and acquisitions and for better-
ments and improvements, such bonds to be issued under carefully guarded restrictions at an average rate
not exceeding $1,000,000 per annum. It was provided in the mortgage that a prior lien mortgage might be
created to secure not exceeding $3,500,000 of prior lien bonds for use instead of the $3,500,000 1st consol.
mtge. bonds reserved as above; but under a supplemental deed dated Feb. 27, 1901, the company waives
the right to issue such prior lien bonds. It is provided in the mortgage that the amount of the outstanding
underlying bonds cannot be increased, but that such bonds may be extended at a rate of interest not in
excess'of that now payable thereon. On Jan. 22, 1902, there were listed on the New York Stock Exchange
an additional $2,500,000 of these bonds, making total amount listed to that date, $33,204,600. The proceeds
of the bonds have been applied to reimbursement in part for capital expenditures.
10. Company's Securities In Treasury.— Adjustment preferred stock, $247,200; common
stock, $1,530,800; 1st consol. mtge. bonds, $922,750— total, $2,705,050.
11. Pocaliontas Coal Land Purchase Money First Mortgage.— The Pocahontas Coal
& Coke Co. and the Norfolk and Western Ry. Co. have executed a joint and several mortgage covering the
property of the former (see Sec. 3) to secure an issue of 1st mtge. 4 p. c. 40-yr. gold bonds to the amount of
$20,000,000. Interest on the bonds is payable semi-annually on June 1 and Dec. 1, and the principal on
Dec. 1, 1941, both principal and interest being payable in gold, free of all taxes. The bonds are for
$1,000 each, in coupon form, with privilege of registration as to principal alone or of conversion into fully
registered bonds. As further security for the bonds the Pocahontas Coal and Coke Co. has deposited under
the mortgage 900 shares of $1,000 each of the Trans-Flat-Top Land Association, 29,995 shares of common
stock and 2,300 shares of preferred stock of the Pocahontas Fuel Co., 2,495 shares of the stock of the Poca-
hontas Coal Land Co., and 5 shares of the stock of the Philadelphia Coal Land Co. The bonds are redeem-
able as a whole or in part at 105 p. c. and accrued interest on any interest day after two months' notice.
There is provision for a sinking fund of 2£ cents per ton of coal mined in each year commencing April 1,
1906, to be applied to the purchase of bonds at not exceeding 105 p. c. and accrued interest, bonds to be
drawn if not voluntarily presented for redemption. Trustee: Girard Trust Co., Philadelphia, Pa.
224
POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GROUP.
19. Statement of operations, etc., for seven fiscal periods :
1895
Dec. 81.
1896
June 80.
1897
June 30.
9 months.
1898
June 30.
1899
June 30.
1900
June 30.
1901
June 30. I
Miles of RR. Owned....
Miles of Track" Owned..
M. of Steel Rail Owned.
Locomotives
1,327.66
1,775.19
1,708.27
415
154
99
16,235
1,570.35
2,346,772
8,074,810
1,327.66
1,775.55
1,708.63
424
145
91
16,379
1,570.35
2,344,568
7,962,599
1,567.76
2,052.22
2,001.59
413
146
90
16,048
1,512.10
1,548,316
4,541,744
1,557.08
2,062.43
2,033.88
416
146
87
17,383
1,557.08
2,111,989
6,483,290
1,547.24
2,054.61
2,030.61
437
146
86
17,207
1,555.70
2,068,561
6,392,973
1,551.14
2,101.12
2,079.69
444
146
84
18,050
1.552.00
2,017,465
6,281,258
1,563.09
2,136.96
2,117.77
471
146
87
19,686
1,560.00
2,170,566
6,215,897
Cart) — Passenger
Baggage,Mail, etc.
Freight
Aver. M. RR. Operated.
Passenger Train Miles
Freight Train Miles
Total Revenue Miles.
Passengers Carried
Passenger Mileage
10,421,582
1,847,455
64,701,355
6,509,935
1,678,848,002
$
9,662,087
7,523,636
10,307,167
1,905,231
68,165,700
7,579,219
1,989,355,223
$
10,908,859
8,226,287
6,090,060
1,080,017
36,500,293
5,269,796
1,477,485,975
$
7,732,159
5,628,035
8,595,279
1,684,851
66,797,454
8,276.948
2,301,312,744
$
11,236.123
7,886,099
8,461,534
1,808,050
71,393,098
8,836,739
2,456,0!I6,895
I
11,827,140
7,939,103
8,298,723
2,117,184
79,816,485
10,783,221
2,732,536,626
1
14,091,005
8,501,096
8,386,463
2,250,375
85,961,034
10,836,512
2,864,370,760
15,785,442
9,445,459
Freight (tons) Moved . . .
Freight (ton) Miles
Gross Earnings
Expenses and Taxes. . . .
Net Earnings
2,138,451
36,239
2,682,572
34,656
2,104,124
16,182
3,350,024
32,963
3,888,037
23,364
5,589,909
73,562
6,339,983
68,616
Other Receipts
Available Revenue
Fixed Charges
2,174,690
3,068,031
2,717,228
3,102,603
2,120,306
1,645,147
3,382,987
2,239,434
(2) 454,198
3,911,401
2,241,714
(4) 909,588
5,663,471
2,273,639
(4) 909,748
6,408,599
2,249,718
(4) 909.924
644,692
1,051
+ 2,603,214
10,118 87
5,79334
4,32553
59.84 p. c.
2.381 c.
0.461 c.
Preferred Dividends ..
Common Dividends.
Other Payments
71,618
- 964,959
6,154 20
4,792 13
1,362 07
77. 87 p. c.
2.850 c.
0.466 C.
599,266
-984,641
6,946 77
5,23850
1,708 27
75.41 p. c.
2.276 C.
0.447 C.
15,311
+ 459,848
5,113 52
3,722 00
1,391 52
72.79 p. c.
2.472 c.
0.441 c.
4,605
+ 684,750
7,179 63
5,039 04
2,140 59
70. 18 p. c.
2.197 c.
0.404 c.
7,444
+ 752,655
7,60246
4,874 49
2,727 97
67. 13 p. c.
2.253 c.
0.397 C.
1,520
+ 2,478,564
9,079 26
5.22756
3.851 70
60. 33 p. c.
2.327 C.
0.430 C.
Balance ( + or — )
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile. .
Expenses to Earnings . .
Earnings p. Pass. p. Mile
Earnings p. Ton p. Mile.
13. Comparative statement of general balances for five years, 1897 to 1901 :
Capital
Stock.
Funded
Debt.
Other
Liabilit's.
Profit and
Loss.
Total
Liabilit's.
Road and
Eq'pm't.
Other
Inv'stm's.
Materials,
Etc.
Other
Assets.
Total
Assets.
S
$
$
S
$
S
$
$
S
$
1897. .
89,000,000
46,710,700
2,258,364
459,848
138,428,912
132,803,148
2,649,204
570,896
2,405,654
138,428,912
1898. .
89,000,000
46,710,700
2,409,278
1,144,599
139,264,577
134,345,055
2,555,252
730,401
1,633,869 1 39,264,577
1899..
89,000,000
48,711,800
2,674,647
1,303,502
141,689,949
134,637,656
3,042,403
695,054
3,314,836
141,089,949
1900..
89,dOO,000
49,099.500
4,177,849
1,811,441
144,088,790
136,695,017
3,045,202
1,382,782
2,965,789
1J4,088.790
1901..
89,000,000
51,099,500
5,138,290
2,633,471
147,871,261
138,984,600
5,116,832
1,058,088
2,711,741
147,871,261
14. SUBSIDIARY CORPORATIONS OP THE NORFOLK AND WESTERN RY. Co.
Cincinnati, Portsmouth and Virginia
RR.— Idlewild to Sciotoville, O., 108 m.; Idlewlld
to Ivorydale, O., 3.79 m. ; Sardinia to Hillsboro, O.,
19 m. — total, 130.79 m. ; total track (steel; 56 Ibs.),
150 miles. Trackage: C., L. & N. Ry., Cincinnati
to Idlewlld, O., 3.6 miles. Reorganization June 24,
1891. of the Ohio and Northwestern RR. Co. (see
Manual for 1891, page 407). The Hillsboro Branch
was acquired in 1900 by merger of the Columbus and
Mitysville Ry. Co., and the branch to Ivorydale, on
April 9, 1901, by merger of the Cincinnati Connecting
Belt Ry. Co. The funded debt of the Cincinnati,
Portsmouth and Virginia RR. Co. and the funded
debt of the Cincinnati Connecting Belt Ry. Co. were
retired on July 1, 1901, the Norfolk and Western
Ry. Co., which had previously acquired the entire
capital stock of this company, supplying the
means for their redemption. Under date of Oct.
11, 1901, the property of the company was
deeded to the Norfolk and Western Ry. Co., but
the separate organization of this company is still
maintained. The Hillsboro Branch is operated by
the Hillsboro RR. Co.. under a lease for 10 years
from March 1, 1900. The main line and the Ivory-
dale Branch have been operated as a division of the
Norfolk and Western Ry. since Oct. 1, 1901. Cap-
ital stock (common, $1.566,000; preferred, $594,000),
$2.160,000. The Norfolk and Western Ry. Co. owns
all of this stock, except the shares necessary to
qualify directors. Henry Fink. Pres., New York,
N. Y. ; Thomas Hunt, Sec., Cincinnati, O. ; Wm.
G. Macdowell, Treas., Roanoke, Va. Office, Roauoke,
Va.
< oliiiiilnis Connecting and Terminal
RR.— At Columbus, O., 3.51 miles. Chartered In
1892 in the interest of the N. & W. RR. Co.. to which
It is leased. Put in operation July 1, 1893. The
property is used jointly with the N. & W. Ry. Co.
by the Columbus, Sandusky and Hocking and the
Cleveland, Akron and Columbus RR. Cos. Capital
stock ($600.600 auth.), $390,176; funded debt (see
bond statement, N. & W. Ry. Co.), $600.000— total.
$990,176. Contra: Cost of road, etc., $990,161. The
capital stock is owned by the N. & W. Ry. Co. and
Is pledged under that company's 1st consol. mtge. F.
J. Klmball. Pres.; A. J. Hemphill. See.. Philadelphia,
Pa.; W. G. Macdowell. Treas.. Roanoke, Va.
Pocationtas Coal and Coke Co. — This
company Is the owner of lands and interests in
lands In Montgomery, Giles, Pulaskl, Tazewell,
Railroad Map of Georgia and Alabama.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 179S
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND.VicE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
GEORGIA AND ALABAMA.
Greenwich
SCALE OF MILES
0 10 30 ' 50 70 90
from 1° Washington
Railroad Map of Georgia and Alabama.
NOW READY.
MONEY AND ITS LAWS
EMBRACINO
A HISTORY OF MONETARY THEORIES
AND
A HISTORY OF THE CURRENCIES
OF THE
UNITED STATES.
By HENRY V. POOR,
Published by H. Y. & H. W. POOR, 44 Broad Street, New York.
I vol., royal octavo, cloth* pp. xl., 623.
Price, $5.OO.
Bent, free of postage, upon receipt of price, by the publisher*, and for tale by all booksellers.
Of the excellence and completeness of tfhe work the publishers present the following
testimonial ?
" The undersigned, having1 carefully examined the work recently published by Mr. HENRY V.
POOR upon the subject of MONET, hereby express their conviction that he has unfolded its NATURE
and LAWS with an amplitude and clearness which have all the force of demonstration. His assump-
tion of treating money as a subject coming1 within the range of the exact sciences has been well
sustained. The application of the principles laid down in the first part of his work cannot fail to
restore order in the place of the chaos of opinion which now prevails, and to point out, unmistakably,
the conditions necessary to a restoration of the currency of the country to the standard of coin. We
commend the work to the public as an able, scholarly, painstaking, and exhaustive treatise upon a
subject in which is involved, more than in any other now engaging their attention, the welfare of
the people of the United States."
GEORGE S. COE, President American Exchange National Bank, New York.
J. D. VERMILYE, President Merchants' National Bank, New York.
JOHN CUMMINGS, President Shawmut National Bank, Boston, Mass.
JAMES H. BE AL, President Second National Bank, Boston, Mass.
WINSLOW, LANIER & CO., Bankers, New York.
JAMES A. DUPEE, Treasurer Hamilton & Appleton Mfg. Co , Boston, Masa.
POOR'S MANUAL OF RAILROADS.
225
and Buchanan Counties, Virginia, and In Mercer,
McDowell, Wyoming, Ualt-igh, Boone, Logan, and
Monroe Counties, West Virginia, aggregating about
!!!»:>. i inu acres, and comprising about four-fifths of
what is known as the Pocahontas Flat-top Coal
Field. The Norfolk and Western Ry. Co. Is the
owner of all the shares of cai)ital stock of this com-
pany, except qualifying shares held I>y the directors.
The company was incorporated under the laws of
New Jersey by certificate filed Oct. 11, 1901, and
amended Deo. 31, 1901. Under the amended certifi-
cate the capital stock is fixed at $1,000,000, of which
$100,000 is 6 p. c. non-cumulative preferred stock
and $900.000 is common stock. The company does
not engage directly or indirectly in the buying or
selling of coal or coke. Its principal purpose being
to make leases on royalties to operating companies.
On leases now made the royalties are 10 cents per
ton on coal and 15 cents per ton coke. Prior to Jan.
1, 1902, about 34,359 acres of the company's lands
were leased, and from these lands, during 1901.
there were produced 2,645,682 gross tons of coal
and 677.190 tons of coke, the royalties therefrom
amounting to $358,575. The number of acres of
land leased from the company are as follows:
Pocahop.ias Collieries Co.. S. 348.61: Mill Creek Coal
and Coke Co., 2.139.73; Illinois Steel Co., 50.000:
other companies. 29.426.31. Income Account, three
months ending March 31, 1902. — Earnings — royalties
(coal. $72.365: coke, $24.782). $97.147: sales of
limner. $54.692; other income, $160— total. $151.999.
Operating expenses, $10,580: taxes. $4.500 — total,
$15,080. Net earninirs. $136.919. Balance Sheet.
March 31. 1902.— Capital stock (common, $900,000;
preferred, $100.000), $1,000,000; funded debt (see
Norfolk and Western statement. Sec. 12). $20.-
000,000: accrued interest on bonds. $266,667; cur-
rent liabilities, $294.773— total. $21.561,440. Con-
tra: Coal lands, $20.951,523; investments. $171.629;
cash and current assets, $395,496; profit and loss,
$42.791— total, $21,561,440. F. J. Klmball, Pres.;
M. J. Caples, Treas. ; O. Lynn Bottomley, Sec.
I'ocahoiiluH Coal Co.— From Jan. 1, 1885,
until April 1, 1895, this company acted as selling
agent for the coal produced upon the lines of tl.c
Norfolk and Western UK., and Its earnings were
currently included In the earnings of the railroad
company and paid over to It. On April 1, 1895, the
Pocahontas Coal Co. withdrew from the selling of
coal, and since then the operations of that company
have been confined to the management of Its wharves,
lighters, and other property. At the same time the
capital stock was reduced from $200,000 to $60,000.
Financial Statement, June 30, 1901. — Capital stock,
$60.000; accounts payable, $525 — total, $60,525.
Contra: Investments (2 lighters, $10,500; Hoboken
wharves, $4,779; real estate, $3.685; stocks and In-
vestments in other companies, $3,252), $22.216; bills
receivable, $652; accounts receivable, $536; cash,
$37.023; income account, $98— total, $60,525. L. E.
Johnson, Pres., Roanoke, Va. ; A. J. Hemphill, Sec.,
Philadelphia, Pa.; W. G. Macdowell, Treas., Roan-
oke, Va. Office, Roanoke, Va.
Virginia Co.— Incorporated March 6, 1882, as
the Iron Belt Land, Mining and Development Co. of
Virginia; charter amended changing name to Vir-
ginia Co., March 5, 1888. Under Its charter this com-
pany has acquired and holds real estate at Important
points on the line of the N. & W. Ry. Co. The
latter owns $99,300 of the capital stock. Balance
Sheet, June 30, 1901.— Capital stock, $100,000; 1st
mtge. 5 p. c. loan. $80,000; N. & W. Ry. Co., $380,-
754; accounts payable, $1.311 — total, $562.065. Con-
tra: Real estate, houses, etc.. $482.874; accounts
receivable, $9.762; income account, $69,429 — total,
$562,065. F. J. Kifflball, Pres., Philadelphia, Pa.;
Wm G. Macdowell, Treas., Roanoke, Va.; A. J.
Hemphill, Sec., Philadelphia, Pa. Office, Roanoke,
Va.
15. Board of Directors, Norfolk and Western Ry. Co., elected October 10, 1901.
F. J. KIMBALL, Chairman of the Board New York, N. T.
Joseph I. Doran. . .Philadelphia, Pa. Wm. H. Barnes. . . . Philadelphia, Pa.
Victor Morawetz. ..New York, N. Y. James MoCrea Pittsburgh, Pa.
Walter H. Taylor Norfolk, Va. John P. Green Philadelphia, Pa.
S. M. Prevost .'. '. .Philadelphia, Pa. | Samuel Rea Philadelphia, Pa.
F. J. KIMBALL, President Philadelphia, Pa.
L. E. Johnson, Vice-President & Gen. Manager Roanoke, Va.
tiroller—M.. C. Jameson ... . . .Roanoke, Va. Sec. & Asst. Treas.— A. J. Hemphill. .Philadelphia, Pa.
s. & Asst. See.— Wm. G. Macdowell. " " Auditor— Joseph W. Coxe Roanoke, Va.
PRINCIPAL OFFICE AND ADDRESS Roanoke, Va.
Philadelphia Office Arcade Building.
New York Office. . . 40 Exchange Place.
F. J. Kimball Philadelphia, Pa.
Henry Fink New York, N. Y.
N. Parker Shortridge Phila., Pa.
RICHMOND, FREDERICKSBTJRG- AND POTOMAC RAILROAD COMPANY.
Main Line of Road.— Elba, Richmond, Va. , to Quantico, Va 78. 75 miles.
James River Branch : Acca, Va. , to James River 3 . 34
r _.. ^ T „ ( Potomac RR. : Quantico, Va. , to Quantico Junction 1 . 70
LEASED LINES : -j R p. & p, &R, & p. G. RR. : In Richmond, Va 1.25 "
Total length of lines operated, June 30, 1901 85.04 miles.
Sidings, etc., 32.48 miles. Gauge, 4 ft. 8i in. Rail (steel), 67 and 75 Ibs.
History.— Chartered June 20, 1834 ; road opened throughout in 1871 (see MANUAL for
1894, page 160). The Byrd Street depot at Richmond is owned jointly by this company and
the Atlantic Coast Line RR. Co. This company is controlled by the Richmond- Washington
Co., in the joint interest of the Atlantic Coast Line RR. Co., Baltimore and Ohio RR. Co.,
Chesapeake and Ohio Ry. Co., Pennsylvania RR. Co., Seaboard Air Line Ry., and Southern
Ry. Co.
Rolling' Stock, June 30, 1901. — Locomotives, 35. Cars — passenger, 19 ; combination,
5 ; baggage, mail, and express, 13 ; freight (box, 52 ; flat, 60 ; stock, 40), 152 ; servke cars,
47— total, 236.
15
226
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Operations, year ending June 30, 1901. — Train mileage — passenger, 464,880; freight,
887,850 ; other, 13,420— total, 866,156 miles. Passengers carried, 355,925 ; carried one mile,
16,118,895 ; average mile rate, 2.39 cents. TOUB freight moved, 823,558 ; moved one mile,
61,762,135 ; average ton-mile rate, 0.93 cent.
Ear ii ings— Passenger $389,236 90
Freight 573,833 17
Mail and Express 103,794 89
Miscellaneous 2,893 52
Expenses— Maintenance Way & Structures.. $96,682 85
Maintenance of Equipment 136,296 46
Conducting Transportation 430,878 74
General Expenses 31,254 64
Total ($12,579.47 per mile) $1,069,758 48 Total ($8,173. 95 per mDe) $695,112 69
Net earnings (35.03 p. c.), $374,645.79; other receipts, $23,419.95— total, $398,065.74.
Payments : Interest on funded debt, $48,776.28 ; deficit on leased lines, $770.27 ; dividends
(8 p. c. on guaranteed stock, $40,032 ; 8 p. c. on common stock and on dividend obli-
gations, $188,488), $228,520 ; amount set aside for new equipment and other betterments
during the ensuing year, $60,000— total, $338,066.55. Surplus ($59,999.19 ; add net profit on
sale of securities owned, $8,185.54), $68,184.73 ; surplus forward, $334,432.49— total,
$402,617.22.
Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years :
Capital
Bonded
Cost RR. &
RR.
Gross
Expenses
Net
x cars.
Stock.
Debt.
Investm'ts.
Operated. Earn's.
& Taxes.
Earn's.
$
$
$
Miles.
S
$
$
1894..
1,667,300
1,120,891
2,735,397
85.04
673,519
443,156
230,363
1895..
1,677,800
1,109,102
4,685,130
85.04
710,590
467,739
242,851
1896..
1,677,800
1,081,033
3,710,751
85.04
739,368
496,700
242,668
1897..
1,678,800
1,081,033
3,710,944
85.04
680,760
447,310
233,450
1898. .
1,684,500
1,075,832
3,698,990
85.04
770,725
468,679
302.046
1899..
1,766,000
981,115
3,656,981
85.04
898.^60
572,202
326,058
1900..
1,766,000
972,029
3,881,329
85.04
"993,252
572,050
421,202
1901..
1,816,000
916,829
3,971,908
85.04
1,069,758
695,113
374,645
*
Less other receipts.
Net
Interest Divid'ds
Total Balance,
Earn's.
Paid.
Paid.
Paym'ts. Surplus.
$
$
$
$
*
230,363
59,475
180.498
*229,814
549
242,851
58,961
192,021
*241,576
1.276
242,668
56,865
192,570
*24 1,977
691
233,450
56,695
181,317
*233,082
MB
302.046
56,453
192,757
*241,013
61,033
326,058
53,227
195,843
*226,804
'.HUV4
421,202
49,790
224,538
*336,108
85.094
374,645
48,776
228,520
*314,646
59,999
General Balance Sheet, June 30, 1901.
Cost of Road and Property $3,560,101 03
1st Mtge. RR. Bonds (at cost) 411,746 85
Potomac RR. Co. Loan 121,71205
Bills Receivable 6,782 68
Current Assets 76,738 19
Cash on Hand 226,772 12
Supply Account 64,62701
Total Assets $4,468,53993
Common Stock ($100 shares) $1,316,900 00
Guaranteed Stock ($100 shares) 500,400 00
Dividend Obligations and Scrip 1,072,00000
Funded Debt Outstanding 916,829 43
Current Liabilities 191,20828
Interest Accrued, not yet Payable 8,58500
Betterment Account 60,000 00
Profit and Loss 402,617 22
Total Liabilities $4,468,539 93
Guaranteed Stock and Dividend Obligations. — The guaranteed stock bears interest
— $481,100 at 7 p. e. and $19,300 at 6 p. c. The dividend obligations stand upon precisely the same footing
as common stock, except that they do not carry voting power; they are entitled to share pro rata in any
dividends that may be declared.
Fnnded Debt.— The funded debt outstanding on June 30, 1901, consisted of (1) $52.170 1st
convertible 5s of July 1, 1901; (2) $20,047.60 1st 5s of July 1, 1901; (3) $295,000 1st 6s of Nov. 1, 1901; (4)
$30,021.58 2d 5s of July 1, 1901; (5) $19,590.25 2d 5s of July 1, 1902, and (6) $500,000 consol. gold 4is of
April 1, 1940.
The authorized issue of consol. mtge. bonds is $2,000,000, the $1,500,000 unissued bonds being reserved
for the retirement of prior liens and to provide for extensions and improvements.
RAILROADS LEASED BY THE RICHMOND, FREDERICKSBTOG AND POTOMAC RR. Co.
Potomac Railroad.— Quantlco, Va., to R., F.
& P. June., 1.70 miles. Rail (steel), 70 Ibs. Char-
tered April 21, 1867; road opened May 1, 1872.
Leased for 28 years, May 17, 1877, to the R., F. &
P. RR. Co., at a rental of interest on the bonds.
Capital stock ($100 shares), $101,000: funded debt
(in one bond), $121,712— total, $222.712. Con-
tra: Cost of road. $123.732: unpaid installments on
stock, $98.980 — total, $222.712. The bond bears 6
p. c. interest and is due May 17. 1905, or there-
after on six months' notice. Charles Chauncey.
Pres., Philadelphia, Pa.: J. B. Winston, Sec. &
Treas., Richmond, Va. Office, Richmond, Va.
Richmond. Fredericksbnrg and Poto-
mac and Riclimoiid and Petersburg?
Connection Railroad. — In Richmond, Va.. 1.25
miles. Rails (steel), 70 Iba. Chartered March 3,
1866; road opened May 1, 1867. Operated by the R.,
F. & P. RR. Co.. under the terms of a lease made to
that company and the R. & P. RR. Co., Jointly, on
Aug. 1, 1866, and supplemental agreement of April
1, 1807. liy which the lessees agree to pay as rental
a specific sum on passengers and freight moved over
this road, with a guaranty that such rental shall
equal 8 p. c. on the stock of this company. Income
Account, year ending June 30, 1901. — Rental. $15.744;
other receipts, $762 — total, $16,506. Expenses and
taxes. $868. Net income, $15.638. Paid dividends,
$20,000; profit and loss, $100 — total. $20.100. De-
ficit. $4.462; surplus forward, $31.031 — net surplus.
$26.569. Balance Sheet. June 30, 1901^Capltal
stock ($100 shares). $200,000; profit and loss. $26,-
569 — total. $226.569. Contra: Cost of road. $140,-
740; other investments, $25.829; installments on
stock not called for. $60,000— total, $226.569. B.
T. D. Myers, Pres.; J. B. Winston. Sec. & Treas.,
Richmond, Va. Office, Richmond, Va.
POOR'S MANUAL OF RAILROADS.
227
Board of Directors, R., F. & P. RR. Co., elected November 18, 1901.
Samuel Spencer New York, N. Y. I W. J. Leake Richmond, Va.
Oeo. W. Steveni Richmond, Va. | John Skelton Williams "
State Director— J. T. Ellyson Richmond, Va.
E. T. D. MYERS, President & Gen. Supt Richmond, Va.
Sec. & Treas.—J. B. Winston Richmond, Va. | Auditor.— J. E. Cox Richmond, Va.
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
SOUTHERN RAILWAY COMPANY.
(For map of this system, see between pages 228 and 229.)
INDEX TO STATEMENTS AND DATA CONTAINED HEKEINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Capital Stock, Description of 8
Certificates of Indebtedness, De-
tails of 14
Controlled Lines, Statements of. 18
Directors and Officers 20
Dividends, Particulars of 6a
Earnings, Expenses, etc 6
Earnings, St. Louis Division.. 6b, 6c
Equipment, Description of 4
Equipment Obligations, Details of 13
Funded Debt, Description of 10
Gen. Balance Sheet, June 30, 1901. 7
History 3
Income Account, June 30, 1901 ... 6
Interest on Funded Debt, Details. 6a
Joint Control of "Monon" 3
Joint Interest in Other Companies. 2
Joint " Monon " Bonds lOa
Leased Lines, Statements of 18
Mileage of the System 1
Mileage, in detail, June 30, 1901.. Ib
Operated Road, Statement of 19
Operations, St. Louis-Louisville
Lines, 1900-1 6b
Operations, Earnings and Ex-
penses, June 30, 1901 6
Operations, Income and Capital,
1895-1901 5
Outstanding Securities of Lease-
hold Estates 12
Owned Railroads, Statements i 'f. 18
Profitand Loss Acc't, JuneSO, 1901 6
Rentals of Leased Lines,Details of 6a
St. Louis- Louisville Lines 6b
Securities in Treasury Unpledged. 17
Securities Pledged Under Mtge. . . 16
Sinking Funds 11
Trackage Rights Ic
Voting Trust, Particulars of 9
1. Mileage of the System^ June 30, 1901 (details in Sec. la).
Length of main lines owned in Virginia, North Carolina, South Carolina,
Georgia, Tennessee, Alabama, Mississippi, Kentucky, Indiana and
Illinois 3,003.87 miles.
Branches and spurs in District of Columbia, Virginia, North Carolina, South
Carolina, Georgia, Tennessee, Alabama, Kentucky, Indiana and Illinois. 1,356.39 "
Total length of main lines and branches, June 30, 1901 4,360.26
Controlled by Ownership of Securities (see detailed statement, Sec. la) 1,240.51
Leased Lines (see detailed statement, Sec. la) 817.55
Lines Operated under Agreements (see detailed statement, Sec. la) 9.80
Trackage Rights (see detailed statement, Sec. la) .-. 300.73
Total length of all lines Southern Ry. System, June 30, 1901 6,728.85 miles.
Gauges, 4 ft. 9 in. and (83.36 m.) 3 ft. Rail— iron, 45 to 56 Ibs.; steel, 56 to 80 Ibs.
The average number of miles operated for the year, including the St. Louis Division,
was 6,612.11, as compared with an average of 6,306.12 in 1900. The mileage operated at the
close of the year was 6,728.85 miles, as against 6,431.11 at the close of the previous year, an
increase of 297.74 miles, as follows : St. Louis Division (formerly Louisville, Evansville and
St. Louis Consolidated RR.), 374.34 miles ; extension from Round Hill to Bluemont, Va.,
4.03 miles ; Ore Belt RR., at Cave Springs, Ga., 5.23 miles ; Belle Ellen Branch, 3.05 miles ;
extension Carolina Midland Ry., Allendale to Hardeeville, S. C., 51.50 miles ; trackage over
Central of Georgia, Ry., Central Junction to West Broad St., Savannah, Ga., 3.37 miles ;
trackage over Plant System, at Brunswick, Ga., 2.94 miles ; sundry small additions, 1.41
miles— total, 445.87 miles. Less mileage no longer operated by Southern Ry. Augusta
Southern RR. (lease annulled April 25, 1901), 82.93 miles ; trackage over Charleston and
Western Carolina Ry., 34.70 miles ; trackage over Plant System, 30.50 miles — total, 148.13
miles. Net increase in mileage, 297.74 miles.
la. Statement showing the mileage of tracks, steel rail mileage, etc., June 30, 1901 :
Main
Track.
Second
Track.
Side
Track.
Total
Track.
* Steel
Rails.
*Iron
Rails.
Main Lines and Branches
Miles.
4,360.26
Miles.
19.46
Miles.
980.41
Miles.
5,360 13
Miles.
4 274 95
Miles.
8531
Controlled by Own'ship of Securities.
1,240.51
817.55
6.19
221.45
189.54
1,468.15
1 007 09
1,236.60
793 99
3.91
23 56
Operated under Agreement ....
9.80
0.17
9 97
0 89
8 91
Totals
6,428.12
25.65
1,391.57
7,845 34
6 306 43
121 69
Excluding sidings, of which there is no record as between iron and steel rail.
228
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
lb. Statement showing in detail the mileage of lines in this system, June 30, 1901.
(See MANCAL for 1897, pages 761-763, for names of original owners of the lines owned) :
MAIN LINKS AND BRANCHES.
Alexandria, Va., to Greensboro, N. C.*
Neapolis to West Point, Va
Charlotte, N. C., to Augusta, Ga
Columbia to Greenville, S. C
Salisbury, N. C., to Morristown, Tenn
Bristol to Chattanooga, Tenn
Stevenson, Ala., to Memphis, Tenn
Tuscumbia to Florence, Ala
Moscow to Somerville, Tenn
Ooltewah Junction, Tenn., to Brunswick, Ga. . .
Austell, Ga., to State Line, Mississippi
St.Line,Ala.toGreenville,Miss,(So.Ry.inMiss.).
Stoneville to Percy, Miss. (n.g.y( " ' )•
Itta Bena to Webbs, Miss. (" ' ).
M.&O.Sta.toColumbus,Miss. (" ' ).
Pass. Sta. to Columbus, Miss. (" " ).
Atlanta Junction, Ga., to York, Ala
Terminal to Freight House, Washington, D. C . .
Alexandria to Bluemont, Va.
Union Street Branch, Alexandria, Va
Manassas Junction to Harrisonburg, Va
Calverton to Warrenton, Va
Franklin Junction to Pittsville, Va
Manchester Junction to Rocketts, Va
Belle Isle Junction to Belle Isle, Va
Granite, Va., to Westham Granite Quarry
Clarksville, Va., lo Durham, N. C
Oxford to Henderson, N. C
Pomona to Wilkcsboro, N. C
Asheville (Murphy Junction) to Murphy, N. C. .
Charlotte to Taylorsville, N. C
Hodges to Abbeville. S. C
Belton to Anderson, S. C
Aiken to Edgefleld, S. C
Embreeville Junction to Embreeville, Tenn
Rogersville Junction to Rogersville, Tenn
Clinton to Harriman Junction, Tenn
K. & O. Jc.. Knoxville to Cumberland Gap,Tenn.
Knoxville Belt
Knoxville to Maryville, Tenn
Briceville u Y" to Pauola, Tenn
Oliver Springs to Big Mountain, Tenn
Cleveland, Tenn., to Cohutta, Ga
North Rome, Ga., to Attalla, Ala
Atlanta to Fort Valley, Ga
Howell to Belt Junction, Ga
Cochran to Hawkinsville, Ga
Dock Jc. to Turtle River Docks, Brunswick, Ga.
Marion Junction to Akron, Ala
Wilton to Mobile June., Ala
Gnrnee Junction to Blocton, Ala
Woodlawn to End Belt Road, Bessemer, Ala . . .
North Birmingham to Coalburg, AJa
Coalburg to Mines 9 and D, Ala
Cardiff to Brazil Mines, Ala
Jefferson to Blossburg, Ala
Offerman to Hooper Mines, Ala
America Junction to America, Ala
Oakman to Coal Valley, Ala
Patton Junction to Patton, Ala
Corona to No. 3 Mines, Ala
Castleman Junction to Castleman, Ala
Lula to Athens, Ga
Cave Spring to Lopez, Ga
Ardella to Belle Ellen, Ala
Seymour to Coleanor, Ala
Louisville to Lexington, Ky. (So. Ry. in Ky.). .
Lawrencebiinr to Burgin, Ky. ( " " )..
Versailles to Georgetown, Ky. (" " " )..
Venice and Carondelet Belt. East St. Louis, 111..
Belleville Junction to Belleville, 111
East St. Louis. 111., to New Albany, Ind
New Albany (Ind.) Belt
Jasper to Evansyille, Ind
Rockport Junction to Rockport, Ind
Lincoln City to Cannelton, Ind
Miles.
279.94
179.30
191.00
1J3.50
228.40
241. 55
271.80
7.60
13.10
415.00
260.70
179.10
23.20
34.00
1.32
0.65
270.50
0.22
54.15
1.60
111.60
8.90
7.10
1.00
0.70
3.00
56.80
12.72
100.15
122.40
65.65
11.50
9.98
23.58
13.00
16.00
30.60
62.36
5.85
16.00
4.94
3.26
14.80
61.30
102.30
3.30
10.10
1.80
53.00
34.00
14.30
20.50
6.40
2.60
1.60
1.91
0.60
2.20
2.20
1.10
0.90
3.63
5.23
3.05
1.22
80.12
25.97
16.74
6.86
1.14
263.04
2.01
54.22
16.15
22.72
Total Main Lines and Branches 4,360.26
CONTROLLED BY OWNERSHIP OP SECURITIES.
A.— Leased (534.65 miles):
Sou/h. Carolina <m<i i,-«i<fia RR. (241.11 miles):
Charleston, S. ( '. to A n^usta, Ga
Branchville to Columbia, S. C
Kingville to Camden, S. C '
Xuiiitfr a//// \\'/iti-r<:f Riri'r RR.:
Sumter Junction to Sumter, S. C
Motiilf_a/i'l li'triiiini/huni ItR.:
Marion Junction to Mobile, Ala
Ifx-Jnnonil and Mr<-llr,,l,>irri RR.:
Keysville to Clarksville, Va
Georgia Midland. Ry.:
McDonough to Columbus, Ga
B.—Not Leased (705.86 miles) :
Axh
shtrillf and Spartanbury RR. (1,33.90 miles):
Biltmore, N. C., to Spartanburg Jc., S. C
Spartanburg to Alston, S. C
State University 'Kli.:
University to Chapel Hill, N. C
North Carolina Wallam! RR.:
Mooresville to Winston-Salem, N. C
High Point, Raitdleman, Afheboro' and South-
' ern Rli.:
High Point to Asheboro', N. C
Yadkin RR.:
Salisbury to Norwood, N. C
Elberton Air- Lin* RR.:
Toccoa to Elberton, Ga
Knoxvillf and Ohio RR. (69.32 miles) :
Knoxville to Jellico, Tenn
Coal Creek to Cambria, Tenn
Carolina Midland Ry. (130.76 miles):
Cayce to Hardeeville, S. C
Perry to Sievern, S. C
Sifrern and h'no.rrille RR. :
Batesburg to Sievern, S. C
Atlantic and Yadkin Ry. (166.22 miles):
Sanf ord to Mount Airy, N. C
Climax to Ramseur, N. C
Rtokesdale to Madison. N. C
Gulf to Buff Quarry. N. C. . . :
Greensboro to Proximity Mills, N. C
Mt. Airy to Granite Quarry, N. C
Miles.
lSsi.91
67.10
37.10
15.81
148.55
31.30
97.88
65.90
68.00
10.20
53.62
26.80
41.00
50.60
65.30
4.02
128.82
7.94
17.44
130.95
IS. 74
11.39
1.10
2.02
2 (I-.1
Total Controlled 1,240.51
Total Main Line and Branches 4.360.21)
Total Controlled 1.240 51
Total Covered by So. Ry. Securities 5,600.: 7
LEASED LINES.
North Carolina RR. (223.55 miles):
Goldsboro to Charlotte. N. C 221.65
Caraleigh June, to Caraleigh Mills, N. C l.'JO
Atlanta and Charlotte Air-Line Ry.:
Charlotte, N. C., to Atlanta, Ga 268.17
Franklin and Pitteylrania !!!!.:
Pittsville to Rocky Mount. Va 29.90
Atlantic and DanviUe R>/. (282. 12 miles):
Danville to West Norfolk. Va 205.10
James Riv. Jc. toClaremont Wharf, Va. (n.g.). 50.36
Hitchcock Jc. to Hitchcock Mills, Va 8.33
Bnff.'ilo Jc. to Buffalo Lithin Springs, Va 3.90
Shoulders Hill to Shops. Va. . 9.98
Virgilina, Va., to Mines, N. C. (N. d S. C. RR.) 4.45
Lockhart /?/?.:
Lockhart Junction to Lockhart, S.C 13.81
Total Leased 817.55
OPERATED UNDER AGREEMENT.
fioswell RR. (narrow gauge) :
Chamblee to Roswell, Ga —
9.80
The length of the Charlottesville and Rapidan RR., from Charlottesville to Orange Va 28.22 .miles is
ed herein, although that line has not as yet become merged into the Southern Ry. (see description
included
of bonds in Sec. 10).
SYSTEM.
19O2.
Southern Railway Owned or Leased
Operated separately -Majority Stock Owned
Other lines in which Southern Ry. Co. is interested
Connections
Trackage Rights
POOR'S MANUAL — SOUTHERN RY. CO.
229
] c. Lines and parts of Hues operated under trackage rights :
NAME OP RAILROAD.
TERMINI.
•sz
tKS
<z%
h4 a
ANNUAL
CONSIDERATION.
From—
To—
Washington Southern RR
Washington, B.C..
Peter's St.toUn.Dp.
Ct.Jc. to W. Br'd St.
Ent. to Union Dep..
Ent. to Union Dep..
Ent. to Union Dep..
W. & A. Crossing..
Woodlawn, Ala
Birmingham, Ala. . .
York, Ala
Alexandria, Va
Atlanta, Ga
6.95
0.67
3.37
0.50
0.25
0.83
0.20
3.60
14.00
27.03
0.40
0.52
0.20
5.46
0.75
100.50
54.88
0.35
0.60
38.00
23.30
2.94
3.18
0.10
1.36
0.06
0.50
0.33
9.90
t of 5 p. c. on cost, $250,000, be-
sides £ cost of maintenance,
taxes, etc.
Rental based on train mileage.
§1,000.
Proportion of gross earnings.
[ $200 per month.
Joint use of track ; rental, $250
per month.
Wheelage prop'n of int. on val'n.
Proportion of gross earnings.
Wheelage prop'n of 5 p. c. on val.
*
Wheelage prop'n of int. on val'n.
£ of 6 p. c. on cost, and wheelage
proportion of maintenance.
Wheelage proportion of 5 p. c. per
annum on valuat'n and maint.
t
[ 5 p. c. on i of valuation.
[• $5,000 per month.
Wheelage proportion of 5 p. c. per
annum on valuation and maint.
Wheelage prop'n of 4 p. c. on $62,-
500, and same prop'n of maint.
$50 per month.
Wheelage proportion of interest
on agreed valuation.
Augusta & Summerville RR...
Georgia RR •]
Savannah, Ga
Augusta, Ga
Augusta, Ga
Atlanta, Ga
Dalton, Ga
Birmingham, Ala...
Mobile June., Ala. .
Meridian, Miss
Western & Atlantic RR
Alabama Gt. So. RR
Louisville & Nashville RR. . . .
Norfolk & Carolina RR
Cent. Pass. Sta
Ent. to Union Dep..
L. & N. Junction...
Cumb. Gap, Tenn. .
Lipscomb St., Mob.
Tarboro, N. C
Selma, N. C
Ent. to Union Deo..
King St.. Chatta
Louisa St. Chatta. .
Hardeeville, S. C...
Four-Mile Crossing.
St. Louis, Mo
Relay Jc., E. St. L..
Through
AtN'wAlbanyJnd.
llth St., Louisville.
Ent. to Calh. St. Sta.
Louisville, Ky
Louisa St., Chatta. .
Birmingham, Ala...
U. Dep., Flor., Ala.
Middlesboro, Ky. . .
Pass. Sta., Mob . . .
Pinners Point, Va. .
Tarboro, N. C
Sumter, S. C
Wilmington & Weklon RR....
Atlantic Coast Line
Nash., Chatt. & St. Louis Ry..
Charleston & Savannah Ry . . .
Plant System
Louisa St., Chatta..
Stevenson, Ala
Savannah, Ga
U. Sta.. Bruns., Ga.
East St. Louis, 111..
B'way. E. St. L., 111.
Central ia, 111
St. Louis Terminal RR. Asso..
East St. Louis & Cairo RR ...
Jacksonville & St. Louis Ry. . .
Bait. & Ohio Southwestern RR.
Illinois Central RR •{
7thSt.Sta.,Lou.,Ky.
Memphis, Tenn
New Albany, Ind . .
Kentucky & Ind. Bridge & RR.
Total Trackage . .
300.73
* There is no separate consideration paid for the use of the N., C. & St. L. track from Central Pas-
senger Station to Louisa Street, Chattanooga, the use of that track being granted under the agreement for
use of the N,. C. & St. L. tracks between Chattanooga, Tenn., and Stevenson, Ala. t The use of the L.
& N. track at Mobile, Ala., between Lipscomb Street and the Passenger Station (0.75 mile) is covered by
agreements for the use and exchange of various terminal facilities at Mobile, so that the consideration for
the use of that particular track cannot be stated separately. The rental paid for these tracks both at
Chattanooga and Mobile is included in operating expenses and is not stated as a part of the company's
fixed charges.
2. Joint Interests in Other Companies.— The Southern Ry. Co. and the Louisville
and Nashville RR. Co. own the capital stock of the Birmingham Southern RR. Co. (see
GENERAL INDEX), each one-half. That road is operated separately by its own officers,
under an agreement between the proprietary companies. The Southern Ry. Co., the
Baltimore and Ohio Southwestern RR. Co., and the Chicago, Indianapolis and Louisville
Ry. Co. jointly control the Kentucky and Indiana Bridge and Railroad Co., owner of the
railroad and bridge from New Albany, Ind., to Louisville, Ky. The property is operated
as a separate organization, but the three companies named have the use of it, paying
as rental an amount sufficient to cover any deficiency of its net income to meet fixed
charges, each company paying in proportion to its use of the facilities. The Southern
Ry. Co. owns one-eighth of the capital stock of the Norfolk and Portsmouth Belt Line
RR. Co., the other seven-eighths being owned equally by the other seven railroad com-
panies having terminals on the Elizabeth River. The property is operated independently for
the interchange of traffic between the railroads centring at Norfolk, Va.
The Southern Ry. Co. and the Atlantic Coast Line RR. Co. have each subscribed for a
one-half interest in the securities of a company which is constructing a Union Station at
Columbia, S. C., and will use the station jointly. The Southern Ry. Co. will own a one-
third interest in a Union Passenger Station to be constructed at Savannah, Ga. , and will
enjoy equal rights with other owners in its use and operation,
230 POOR'S MANUAL OP RAILROADS — SOUTH ATLANTIC GROUP.
In addition to and as an adjunct of the railroad system the Southern Ry. Co. controls the
Chesapeake Steamship Co. (successor to the Baltimore, Chesapeake and Richmond Steamboat
Co.), operating about 200 miles of water lines on Chesapeake Bay and James Kiver.
3. History. — Chartered Feb. 20, 1894, as successor to the Richmond and West Point Ter-
minal Railway and Warehouse Co., and for the purpose of consolidating the various interests
controlled by that company. A sketch of the history of the system from the incorporation of
the Richmond and Danville RR. Co. on March 9, 1847, down to the beginning of the present
management, is in the MANUAL for 1897, pages 763 to 767, and in later editions subsequent
developments are recorded.
Effective Oct. 13, 1900, trackage arrangement was made with the Northwestern Ry. Co.,
under which that company was granted the privilege of using the track of the Southern Ry.
Co. between Northwestern Junction and Camden, 8. C., 3.27 miles.
Effective Dec. 10, 1900, on account of completion of the Hardeeville Extension of the
Carolina Midland Ry., trackage arrangement with the Charleston and Western Carolina Ry.
Co., between Allendale, S. C., and Yemassee, S. C., 34.7 miles, was discontinued ; also track-
age arrangement with the Plant system between Yemassee and Hardeeville, S. C., 30.5 miles.
The present trackage arrangement with the Plant System covers only the line between
Hardeeville, S. C., and Savannah, Ga. On the same date a trackage arrangement with the
Central of Georgia Ry. Co., covering the joint use of their tracks between Central Junction,
Ga., and West Broad Street, Savannah, 3. 37 miles, was made in order to reach the terminals
of that company, through which the freight business at Savannah is handled.
On Dec. 10, 1900, the extension of the Carolina Midland Ry. , from Allendale to Hardee-
ville, S. C., 51.5 miles, was opened for traffic ar,d made a part of the Savannah Division.
On Dec. 24, 1900, the company acquired the property formerly of the Louisville, Evaus-
ville and St. Louis Consolidated RR. Co., which was sold under foreclosure on Nov. 22, 1900.
(See MANUAL for 1900, page 661.) In payment therefor, and for the extinguishment of re-
ceiver's obligations, the company has issued $10,750,000 of 4 p. c. gold bonds secured by
mortgage on the property mentioned. For legal reasons the Southern Ry. Co. of Indiana has
been organized to take title to the railway lines, real estate, and franchises within that State,
but the entire capital stock of that company, except the shares required to qualify directors,
as well as a bond for $5,000,000, secured by first mortgage on the property and franchises of
the company, are owned by the Southern Ry. Co., and have been deposited under the mort-
gage securing the St. Louis Division bonds. The company began to operate the St. Louis
Division on Jan. 1, 1901.
In March, 1901, the company acquired the control of a majority of the capital stock of
the Mobile and Ohio RR. Co. and now owns and controls 49,326 shares of the capital stock
and $7,949,000 of the gen. rntge. bonds of that company. In exchange for the stock the com-
pany has issued dollar for dollar in stock trust certificates entitling the holder to receive
dividends from April 1, 1901, at the rate of 2 p. c. for the first year, 3 p. c. for the second year,
and 4 p. c. yearly thereafter. In payment for the bonds there have been issued dollar for
dollar in 4 p. c. collateral gold bonds secured by deposit of the bonds purchased.
The general mortgage bonds and stock of the Mobile and Ohio RR. Co. are being
exchanged for Southern Ry. Co. Mobile and Ohio collateral 4 p. c. bonds and Southern Ry.
Co. Mobile and Ohio stock trust certificates, the general mortgage bonds and stock of the
Mobile and Ohio Co. being deposited with the Guaranty Trust Co. of New York, trustee, for
the purposes of the collateral trust securities issued by the railway company. The Mobile
and Ohio RR. is operated by its own organization. (See GENERAL INDEX for Mobile and
Ohio RR. Co.)
On April 12, 1901, this company purchased for $60,000 the New Albany Belt and Ter-
minal RR. (see MANUAL for 1900, page 668).
Under suit at law, begun by the stockholders of the Augusta Southern RR. Co. prior to
the purchase of the stock and the lease of the property of the South Carolina and Georgia
RR. Co. by the Southern Ry. Co., the lease of the Augusta Southern RR. to the South Caro-
lina and Georgia RR. Co. was annulled by court on April 25, 1901, and the operation of the
POOR S MANUAL— SOUTHERN RY. CO.
231
Augusta Southern RB. property by the South Carolina and Georgia RR. Co. and by the
Southern Ry. Co. ceased on that date. The Southern Ry. Co. has purchased a majority of
the capital stock of the Augusta Southern RR. Co.
On June 5, 1901, the use of the Southern Ry. Passenger Station at Memphis, Tenn., was
discontinued, and its passenger trains were operated into and out of the Calhoun Street Union
Passenger Station of the Illinois Central RR. under contract with that company, dated June
1, 1901.
On June 24, 1901, the Chesapeake and Ohio Ry. Co. having completed the viaduct con-
necting their Second Street and Orleans Street Yards at Richmond, Va., discontinued the
use of joint track over Southern Ry. drawbridge near Twenty-eighth Street for the handling
of their regular business. They still use it, however, for handling business with this com-
pany, and to do switching for the Clyde Line.
Effective July 1, 1902, this company has taken a lease of the " Southern Ry., Carolina
Division," a line formed by the consolidation of three of this company's proprietary roads
(Asheville and Spartanburg RR., Carolina Midland Ry. and South Carolina and Georgia RR.)
with the South Carolina and Georgia Extension RR., statement for which see. Effective
the same date, the company has secured joint trackage rights over the Atlantic Coast Line
RR., from Savannah, Ga., to Jacksonville, Fla., a distance of 172 miles, making the South-
ern Ry. an initial line at the latter point.
Joint Control of Chicago, Indianapolis and Louisville Ry. Co. — On May 20, 1902, this
company and the Louisville and Nashville RR. Co. offered to purchase for joint account not
less than 51 per cent, of the capital stock of the Chicago, Indianapolis and Louisville Ry. Co.
at the price of 90 per cent, of par for the preferred shares, and 78 per cent, of par for the
common shares, payment to be made in joint 4 per cent, bonds, payable July 1, 1952, but
subject to redemption on any 1st of Jan. or 1st of July after Jan. 1, 1907. The bonds are to
be secured by pledge of the stock against which they shall be issued. More than 51 per cent,
of the stock *7as deposited in agreement with this offer within the set time, July 1, 1902.
4. Inventory of Equipment, June 30, 1901 :
Owned.
Leased, etc.
Trusts.
I
Owned.
Leased, etc.
Trusts.
3
15
EH
1
Owned.
0
w
•a"
03
O
i
E-
3
o
EH
LOCOMOTIYBS.
Passenger
181
405
«2
2
Ii50
220
74
85
142
25
11
13
570
1
}
1
42
70
li
3
127
30
39
21
34
3
7
140
29
107
"2
138
32
3
8
21
3
07
252
582
74
7
915
294
116
114
197
31
18
13
7as
i
2
2
FREIGHT TRAIN
CARS.
Standard Gauge.
Logging
40
40
19
8,353
7,248
218
189
640
722
12,120
2,941
299
132
ROAD
EQUIPMENT.
Road Cars.
Boarding
432
9
9R
02
1
324
10
93
17
16
6
3
1
1
1
1
J73
2
1
8
5
123
1
1
1
Freight ....
Switching
Narrow Gauge
Totals
PASSENGER TRAIN
CARS.
Standard Gauge.
Passenger, 1st Class
Passenger, 2d Class
Pass. & Bagirage . . .
Bag. Mail & Express
Mail
Poultry
19
Supply
Box, Plain
5,431
4,399
218
1,162
556
1.760
2,293
Tool.
" Ventilated
Furniture
Derrick
11
13
5
3
1
1
1
1
3
a
i
Pile Drivers . . .
Steam Shovels.
Stone Crushers
Track Scraper. .
Snow-plow. ....
Refrigerator
Stock .
189
308
222
8,432
1,588
261
93
"27
"i92
587
38
8
2,610
16
81
2
"245
500
3,496
766
'"si
Coal and Charcoal . . .
Coal
Flat
Ballast Leveler.
Scale Test
Caboose (8- wheel)
Caboose (4-wheel)
Totals
Totals
FLOATING STOCK.
Steam Tow Boats
Tug Boats
573
2
a
0
8
1°1
100
"i
1
2
=
Officers'
21,220
24
11
9,091
32,921
40
92
2
1
Dining
Totals ...
Narrow Gauge.
Passenger, 1st Class
Passenger, 2d Class
Pass. & Baggage...
Totals
Narrow Gauge.
Box
Covered Barges . .
Car Floats
Coal Boats
Flat
1
1
—
Boarding
1
Pump Boat
1
i
Totali ...
3
2
142
5
35
100
135
1
Tot. Pass. Tr.Cars
Tot. Pgt. Tr. Oars..
Totals
137
7
579
67
788
21,255
3,710
9,091
33,056
144
232
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
5. Statement of operations, income and capital accounts for seven years ending June 30
1895
1896
1897
1898
1899
1900
1901
Average Miles Operated.
Passenger Train Miles . .
Freight Train Miles. ...
Total Revenue Train Ms.
Total Engine Mileage. . .
Passengers Carried
Passenger Mileage. . ..
Freight (tons) Moved
Freight (ton) Mileage
Earnings-Passenger —
Freight
Other
Total Earnings. .
Expenses and Taxes —
Net Earnings
4,130.44
5,630,271
7,488,848
4,573.80
6,580,382
8,553,217
4,805.75
6,846,566
8,941,793
4,827.22
6,143,224
9,858,499
5,254.05
8,430,307
11,103,596
6,306.12
9,787,148
12.989,996
6,612.11
10.720,233
12,774.704
13,114,114
16,433,945
3,427,858
178,015,925
6.675.750
1,098,932,884
$
4,329,499
10,810,024
1,969,269
15,163,599
19,373,429
4,139,473
250.205,340
7,941.980
1,239,686,022
$
5,287,914
12,055,240
1,739,093
15,788,359
10,834,545
4,057,327
203,763,405
7,904,706
1,324,015,178
$
4,832,848
12,386,901
1,859,751
16,001,723
21,068,831
4,302,233
232,785,041
8,746,485
1,469,200,91-
1
5,394,518
12,679,104
2,022,156
19.533,903
20,136,490
5,260,326
317,407,407
10,412,84]
1,791,173,484
s
7,083,253
16,099,288
2,171,140
22,777,139
30,100,477
6,691,958
329,394,119
18.590,353
2,294,257,940
3
7,737,454
21,006,730
2,456,686
23,494.037
31,349,224
7,706,508
379,179,866
15,025.0SO
2,450,220,275
9
8.818,287
22.929.496
2.912,699
17,114,792
12,062,854
19,082,247
13,451,448
19,079,500
13,233,156
21,095,838
14,501,864
25,353,686
17,356,355
31,200,870
21,831,447
34.6fiO,482
24,343.625
5,051.938
89,67'!
5,630,799
188,508
5,846.344
286,832
6,593,974
348,378
7,997,381
328,469
9,369,423
318,805
10,316,857
498,706
Other Receipts
Net Income
5,141,615
2,755,968
1,439,957
49,945
5,819,307
3,743,305
1,475,065
44,459
6,133,176
4,074.244
1,537,990
75,022
*
6,942,352
4,974,143
888,625
72,571
*
8,325,800
5,221,504
985,749
24.028
*
9.6X8.228
5,304.679
1,450,762
15,535
(3) 1,800,000
10,815,563
5,768,055
1,413,241
93,767
(4) 2,400,000
Interest on Bonds
Lease Rentals
Other Charges
Preferred Dividends
Total Payments
Balance, Surplus
4,245,270
895,745
3,134 57
2,914 13
1.220 44
70.48 p. c.
2.405 C.
0.984 c.
2,842.06
3,317.94
2,556.11
623
330
142
18,924
298
$
120,000,000
50,000,000
5,262,829
556,478
4,17208
2,940 98
1,231 10
70.49 p. c.
2.113 C.
0.972 c.
2,944.14
3,454.83
2,753.14
638
355
157
19,457
287
$
120,000,000
54,300,000
5,687,256
445,920
3,970 14
2,753 61
1,216 53
69.35 p. c.
2.372 c.
0.936 c.
2,941.04
3,492.19
2,787.02
640
355
156
19,118
318
$
120,000,000
54,300,000
5,935,339
1,007,013
4,272 32
2,936 91
1.335 41
68.41 p. c.
2.317 c.
0.931 c.
3.568.18
4,299.42
3,419.72
686
390
179
21,162
392
$
120,000,000
57,290,400
6,S31.U81
2,094,519
4,71477
3,227 59
1,48718
68.46 p. c.
2.232 C.
0.899 c.
3,579.43
4,314.00
3,469.46
764
457
197
23,912
468
9
120.000,000
60,000,000
8,570,976
1,117,252
4,947 71
3,461 94
1,48577
69.98 p. c.
2.349 C.
0.916 c.
3,618.36
4,426.49
3,543.25
797
484
202
27,368
604
$
120,000,000
60,000,000
9,675.063
1,140,600
5,241 97
3,681 67
1,560 30
70.23 p. C.
2.326 C.
0.936 C.
4.360.26
5,360.13
4,274.95
915
529
228
33,056
704
120.000,000
60,000.000
4.896,900
124.581,700
25.552.200
8,503,510
10,042.829
4,637,254
Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnings per Mile . .
Expenses to Earnings. . .
Aver. Rate pr. Pas. pr. M.
Aver.Rate per Ton per M.
Miles of RR. Owned ....
Miles of Track Owned. . .
Miles of Steel Rail
Locomotives
Passenger Cars
Baggage, etc.. Cars
Freight Cars
Service Cars
Common Stock
Preferred Stock
M. & O. Stockfc'rust Ctfs.
Funded Debt
74,351.000
24,161,300
1,142,105
4,391,271
895,745
79,344,500
24,147,800
709,928
4,943,229
1,452,223
80,660,500
25,711.000
809,526
1,703,787
1,139,830
101,236.000
12,850.000
1,260.218
5,803,283
1,454,952
103,932,300
21,508.000
3,251,632
7.845,076
2,366,564
104,970.200
25,952.200
4,937,193
9,380,525
3,510,702
Leasehold Securities
Sundry Liens
Other Liabilities
Profit and Loss
Total Liabilities
Road and Equipment . . .
Other Investments
274,941,421
270,056,683
284,897,680
262,994,431
15,126,898
1,743,524
5,032,806
287,324,643
265,600,700
16,031,769
957,950
4.734,224
299,894,853
275,856,170
16,068,201
1,078,539
6,891,943
318,903,572
286,948,102
21 ,496, 277
1,193,873
9,265,320
328,750,820
294.09S.4-J3
21. Ml. 372
2,202.221
10,528,804
:->5*.2I4,393
307.773.075
35.538,760
1.785.312
13,117.246
Materials and Supplies. .
Cash and Other Assets . .
Total Assets
919,430
3,965,308
274,941,421
284,897,680
287,324,643
299,894,853
318,903,572
328,750,820
358,214.393
* There were eight dividends paid on the preferred stock during the period covered by the statement, as
follows: Jan. 4, 1897, 1 p. c., $543,000; Jan, 20, 1898, 1 p. c., $543,000; Jan. and Oct., 1899, 1 p. c. each,
$1,172,904; Jan. and Oct., 1900, 1J p. c. each, $1,800,000. April and Oct., 1901, 2 p. c. each, $2,400,000.
The dividends paid in years previous to 1900 were charged to Profit and Loss Account.
6. General Income Account (average, 6,613.11 m.), year ending June 30, 1901.
Earnings— Passenger 88,818,286 91
Freight 22,929,495 63
Mail and Express 2,211,190 06
Miscellaneous 701,509 58
Total ($5,241.97 per mile) .$34,660.482 18
Net Earnings (38.80 p. c.) $11,367,665 24
Income from Investments 445,816 18
Net Income from Compresses, etc ... 32,245 84
Earnings Shepherd's Ferry, Alexandria. . . 20.643 89
Total Net Income $11,866,371 15
Expenses— Maint of Way and Structures. £5,686,09288
Maintenance of Equipment .... 5.038.172 91
Conducting Transportation . . . 1 1,414,735 81
General Expenses . 1,153,81590
Total ($3,522.75 per mile) .$23.292,81694
Taxes for Year ... $1.050,80815
Rentals of Leased Lines (see Sec. 5b) 1,413.240 53
Interest on Funded Debt (see Sec. 5b) 5,768,055 33
Miscellaneous Deductions 93.76710
Preferred Dividend Nos. 5 and 7 (2 p. C.). . 1,200,000 00
Reserve for Pref'd Dividends (see Sec. 5a) . 1.200.000 00
Total Deductions $10,725,871 1 1
POOR'S MANUAL — SOUTHERN RY. CO. 233
Surplus for year, $1,140,500.04 ; surplus to June 30, 1900, $3,510,701.86 ; premium on
sale of $3,123,000 Southern Ry. Co. 1st consol. mtge. bonds, issued to retire East Tenn.,
Va. & Ga. RR. Co. 1st mtge. 7 p. c. bonds, due July 1, 1900, $187,380 ; miscellaneous small
credits, $11,117.75— total, $4,849,699.65. Deduct : Sundry charges to profit and loss, $212,-
445.94. Surplus, June 30, 1901, $4,637,253.71.
Dividends Nos. 6 and 8 were payable respectively in Oct., 1900, and in Oct., 1901, but
were reserved out of income for the fiscal years ending June 30, 1900, and June 30, 1901.
6a. Details of interest on funded debt and rentals of leased lines, year ending June 30, 1901:
Interest on funded Debt (total, $5,768,055.33):
Southern Ry. 1st Consol. Mtge. Bonds— 5 p. c. on $33,158,000 for 1 year and on $357,000 for 6
months $1,666,825 00
East Tenn. Reorg. Mtge. Bonds— 5 p. c. on $4,500,000 for 1 year 225,000 00
Memphis Division 1st Mtge. Bonds— 4 p. c. on $5,083,000 for 1 year 203,320 00
Aiken Branch 1st Mtge. Bonds— 4 p. c. on $150,000 for 1 year 6,00000
St. Louis Division 1st Mtge. Bonds— 4 p. c. on $10,150,000 for 6 months 215,00000
Mobile & Ohio Collateral Mtge. Bonds — 4 p. c. on $7,824,000 for 4 months 104,320 00
Car Trust Series A — 4 p. c. on $2,775,000 for 8 months, less adjustment of interest in connec-
tion with advances made under the trust 69,92282
Certificates of Indebtedness — Account Memphis Div., 6 p. c. for 5 months 5,000 00
Account purchase S. C. & G. and N. Ala. securities, 5 p. c. for
1 year 72,722 23
Account purchase Car. Mid. and S. & K. securities, 5 p. c. for
4 months and 15 days 2,187 51
Account Extension Oar. Mid., 4 p. c. for 1 year 40,111 11
Account Ensley Southern Construction, 4 p. c. for 9 months and
15 days 17,600 00
Issued May 1, 1901, 4 p. c. for 2 months 10,000 00
Richmond & Danville 1st Consol. Mtge. Bonds— 6 p. c. on $5,997,000 for 1 year 359,820 00
Richmond & Danville Debenture Mtge. Bonds— 5 p. c. on $3,368,000 for 1 year 168,400 00
Richmond * Danville Equip. Sink. Fund Mtge. Bonds.— 5 p. c. on $595,000 for 1 year 31,708 32
Wash., Ohio & Western 1st Mtge. Bonds — 4 p. c. on $1,025,000 for 1 year 41,000 00
Rich., York River & Ches. 1st Mtge. Bonds— 5 p. c. on $400,000 for 1 year 20,000 00
Rich., York River & Ches. 2d Mtge. Bonds— 4J p. c. on $500,000 for 1 year 22,500 00
Atlantic, Tenn. & Ohio 1st Mtge. Bonds— 6 p. c. on $150,000 for 1 year 9,000 00
West. North Carolina 1st Consol. Mtge. Bonds — 6 p. c. on $2,531,000 for 1 year 151,860 00
Charl., Col. & Augusta 1st Ext. Mtge. Bonds— 5 p. c. o'n $1,997,500 for 6 months and on
$1,640,000 for 6 months 90,950 00
Charlotte, Columbia & Augusta 2d Mtge. Bonds— 7 p. c. on $500,000 for 1 year 35,000 00
Col. & Greenv. 1st Mtge Bonds— 6 p. c. on $2,000,000 for 1 year 120,000 00
East Tenn., Va. & Ga. 1st mtge Bonds— 5 p. c. on $3,106,000 for 1 year 155,30000
East Tenn., Va. & Ga. Consol. Mtge. Bonds— 5 p. c. on $12,770,000 for 1 year 638,500 00
Alabama Central 1st Mtge. Bonds— 6 p. c. on $1,000,000 for 1 year 60,000 00
Knoxville & Ohio 1st Mtge. Bonds— 6 p. c. on $2,000,000 for 1 year 120,00000
Georgia Pacific 1st Mtge. Bonds— 6 p. c. on $5,660,000 for 1 year 339,60000
Ga. Pac. Equip. Sink. Fund Mtge. Bonds— 5 p. c. on $175,000 for 1 year 10,541 67
Virginia Midland Serial A Mtge. Bonds— 6 p. c. on $600,000 for 1 year 36,000 00
Virginia Midland Serial B Mtge. Bonds— 6 p. c. on $1,900,000 for 1 year 114,00000
Virginia Midland Serial C Mtge. Bonds— 6 p. c. on $1,100,000 for 1 year 66,000 00
Virginia Midland Serial D Mtge. Bonds — 8 months at 4 p. c., 4 months at 5 p. c 41,166 67
Virginia Midland Serial E Mtge. Bonds— 5 p. c. on $1 ,775,000 for 1 year 88,750 00
Virginia Midland Serial F Mtge. Bonds— 5 p. c. on $1,310,000 for 1 year 65,500 00
Virginia Midland General Mtge. Bonds— 5 p. c. on $4,859,000 for 1 year 242,95000
Spartanburg, Union & Columbia 1st Mtge. Bonds— 4 p. c. on $1,000,000 for 1 year 40,000 00
Atlantic & Yadkin 1st Mtge. Bonds— 4 p. c. on $1,500,000 for 1 year 60,000 00
Venice & Carondelet 1st Mtge. Bonds— 6 p. c. on $50,000 for 6 months 1,500 00
Rentals of Leased Lines (total, $1,413,240.53):
Charlottesville and Rapidan RR., fixed cash rental for 1 year $35,300 00
North Carolina RR., fixed cash rental for 1 year 266,000 00
Atlanta and Charlotte Air Line (interest on bonds, 7 p. c. on stock, and $4,000 for or-
ganization) 459,166 66
Athens Belt Line, fixed cash rental 1,050 00
Wilmington & Weldon RR. and Norfolk & Carolina RR., trackage and real estate rental 69,790 31
Charleston & Savannah Ry., trackage (1 year) 7,732 36
Charleston and Western Carolina Ry., trackage (5 months and 9 days) 4,62900
Central of Georgia Ry. , trackage (7 months) 583 31
Georgia Midland Ry. (interest on $1,650,000 1st mtge. 3 p. c. bonds) 49,500 00
Richmond & Mecklenburg RR., fixed cash rental 12,600 00
South Carolina & Georgia RR., net income of road 283,888 89
Mobile & Birmingham RR., fixed cash rental 96,00000
Atlantic & Danville Ry., fixed cash rental (10 months) 127,00000
6fo. Upon the acquisition of the St, Louis Division, the Louisville Division, which has
no physical connection with the remainder of the system, was attached thereto to form the
"St. Louis-Louisville Lines," under charge of a separate general manager, with head-
quarters in St. Louis, Mo. The earnings, expenses, and operating statistics for those lines
will in future be stated separately from those for the remainder of the system, and the
reports of the general managers now show them in Iliat form, but as the results of
operation of the Louisville Division were included with all other lines in previous reports,
234
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
they are, for purposes of comparison, so included in the following statement. The St. Louie
Division was operated by the receiver until Jan. 1, 1901, when it was taken over for opera-
tion by the Southern Ry. Co. For the sake of comparison its earnings and expenses are
shown for the full two years in the following statement :
ALL LINES EXCLUSIVE OF
ST. Louis DIVISION.
1901
1900
ST. Louie DIVISION.
1901
1900
Gross Earnings
Operating Expenses and Taxes :
Maintenance of Way and Structures ,
Maintenance of Equipment ,
Conducting Transportation ,
General Expenses ,
Taxes
33,607,581 85
5,436,748 19
4,912,590 51
11,015,859 33
1,105,111 67
1,007,241 96
31,388,014 86
4,691,743 99
4,677,655 40
10,525.652 76
1,025,370 26
1,051,210 86
2,090,190 15
386,869 79
227,641 48
783,092 14
131,328 19
86,930 19
1,920,804 72
304,697 97
195,358 65
693,006 20
66,121 74
82,928 71
Total,
Net Earnings from Operation..
Ratio of Expenses to Earnings
23,477,551 66
10,130,030 19
69.86 p. C.
21,971,633 27
9,416,381 59
70.00 p. c.
1,615,861 79
474,328 36
77.31 p. c.
1,342,113 27
578,691 45
69.87 p. C.
6c. The following statement shows the earnings and expenses of the St. Louis-Louis-
ville lines (Louisville Division, 129.73 miles; St. Louis Division, 374.34 miles— total 504.07,
miles) for two fiscal years ending June 30, 1900 and 1901 :
EARNINGS. 1901 1900
Passenger $620,238 50 $577,470 16
Freight 2,034,843 03 1,963,603 83
Mail 69,452 69 68,993 55
Express 60,56522 57,48131
Miscellaneous 118,746 11 110,743 91
EXPENSES. 1901 1900
Maint. of Way & Structures.. $541,33155 $452,23440
Maintenance of Equipment. 832,20974 318,68953
Conducting Transportation. 1,138,198 69 1,074,000 74
General Expenses . . . ; 166,220 13 94,166 78
Taxes 111,52149 102,91739
Total $2,903,84555 $2,778,29276 Total $2,289,48160 $2,042,00884
Net earnings, 1901 (21.16 p. c.), $614,363.95. Net earnings, 1900 (26.50 p. c.), $736,283.92.
7. General Balance Sheet, June 30, 1901.
Credit.
Capital Stock— Common $120,000,000 00
Preferred 60,000,000 00— $180,000,000 00
Mobile & Ohio Stock Trust Certificates 4,896,90000
Funded Debt Outstanding. (See details in Sec. 10) 124,381,700 (X
Outstanding Securities of Leasehold Estates (see details in Sec. 12) 25,552,20000
Equipment Notes of Old Companies or their Receivers:
East Tennessee, Virginia and Georgia Ry 25,000 00
South Carolina and Georgia RR 28,232 01
Louisville, Evansville & St. Louis Con. RR. 81,641 07— 134,873 08
Equipment Obligations of Southern Ry. Co.:
Miscellaneous Equipment Obligations Unmatured 1,227,99661
Southern Ry. Car Trust Series A 2,775,00000— 4,002,99661
Certificates of Indebtedness:
Account purchase South Carolina and Georgia RR. Stock and Northern
Alabama Ry. Bonds and Stock 1,200,000 00
Account of Extensions Carolina Midland Ry 1,000,000 00
Account Construction Ensley Southern Ry 480,00000
Issued May 1, 1901 (see Sec. 14) 1,500,00000— 4,180,00000
Unpaid Balance of Purchase Price of Northeastern RR. of Georgia 107,000 00
Unpaid Balance on Real Estate 75,00000
Equipment of Roswell RR
Total Capital, Funded and Lien Liabilities $343,534,309 69
Reserve Funds: For Maintenance of Way, $513,347.80; Maintenance of Equip-
ment, $530,031.97; Insurance, $17~6,853.29; Miscellaneous, $823,082.78 2,043,31584
Sundry Accounts 39,960 44
Interest and Rentals Accrued, not Due 746,83816
Taxes Accrued, not Due 356,07082
Reserved to Pay Venice and Carondelet Bonds, Due April 1 1902 50,000 00
Reserved for Dividend No. 6, li p. c. on Preferred Stock, payable in Oct., 1900,
and for Dividend No. 8, 2 p. c. on Preferred Stock, payable in Oct., 1901 1,200,000 00
Current Liabilities:
Interest and Rentals Due and Unpaid, incl. amt. due July 1, 1900 and 1901 2,112,635 27
Audited Vouchers (including new construction and new equipment) 1,489,61227
Unpaid Wages, including June Pay Rolls 1,179,777 07
Foreign Freight Claims; Authorities Issued 49,71844
Due Connecting Lines 450,59534
Due Individuals and Companies 324,305 46— 5,606,643 85
Profit and Loss 4,637,253 71
Total Liabilities . $358,214,392 51
(.Continued on next page.)
POOR'S MANUAL — SOUTHERN RY. CO.
285
Debit.
Cost of Road— Southern Ry. Properties to June 30, 1900 $253,832,99708
Louisville, Evansville and St. Louia Consol. RR 8,817,50372
Current New Construction, year 1900-1901 514,824 61
$263^6657325 35
Less Sundry Adjustments 57,046 70— $263,608,278 65
Cost of Road— Leasehold Estates 24,173,761 21
Cost of Equipment— Equipment Owned June 30, 1900 $11,028,985 18
Received with L., E. & St. L. C. RR 1,134,32075
New and Additional Equipment, year 1900-1901 617,983 25
$12,781,289 18
Less Sundry Adjustments. 1,125 00— 12,780,164 18
Trust Equipment Received with Purchased Properties 1,818,14200
Southern Ry. Trust Equipment 1,227,996 61
Southern Ry. Trust Equipment, Series A (Per Contra) 2,775,00000
Equipment Leasehold Estates 1,386,102 69
Equipment Roswell RR 3,640 00
Total Cost of Road ($287,782,029.86) and Equipment ($19,991,045.48) $307,773,075 34
Cost of Securities— Pledged under 1st Consol. Mtge $13,548,92740
Pledged under Memphis Division 1st Mortgage 700,00000
Pledged to secure Southern Ry. Certificates of Indebtedness 7,128,378 16
U. S. Bonds Deposited under North Carolina RR. Lease 182,750 00
Securities in Treasury Unpledged, held for Control or as
Muniments of Title 1,257,804 34
Mobile & Ohio Gen. Mtge. 4 p. c. Bonds, pledged with the
Guaranty Trust Co 7,824,000 00
Mobile & Ohio Capital Stock, pledged with the Guaranty
Trust Co 4,896,900 00— 35,538,759 90
Materials and Supplies on Hand 1,635,259 86
Rails and Fixtures— Leased 150,051 59— 1,785,311 45
Total Capital Assets $345,097,146 69
Southern Ry. Co. Consolidated Mortgage Bonds in Treasury 2,538,00000
Miscellaneous Securities Owned, in Treasury Unpledged 3,099,538 13
Bills Receivable — Deferred but Secured 201,651 52
Insurance Paid, Not Accrued 11,117 30
Sinking Funds — Uninvested Balances in Hands of Trustees 114,881 63
Insurance Fund in Hands of Trustees 176,85329
Sundry Accounts 229,100 75
Current Assets— Cash in Hands of Treasurer and in Hands of Financial Agents, p, 557,347 26
Cash in Transit from Agencies 630,22171
Due from Agents and Conductors 621,45804
Due from United States Post-Office Department 393,22364
Due from Connecting Lines 545,30534
Due from Individuals and Companies 943,25244
Bills Receivable— Current 55,294 77— 6,746,103 20
Total Assets $358,214,392 51
8. Capital Stock;. — The amount of capital stock authorized is as shown on the General Balance
Sheet. Preferred stock is entitled to dividends at the rate of 5 p. c. a year, non-cumulative. No addi-
tional mortgage can be put upon property, nor can the authorized amount of the preferred stock be
increased, without the consent in either case of a majority in amount of the preferred stockholders. By
act of the Legislature of Virginia, effective Jan. 23, 1900, the company may at any time, by majority vote,
reduce its common stock to $60,000,000.
9. Voting Trust — Both classes of stock, except sufficient shares to qualify directors, are deposited
in a voting trust (J. P. Morgan, Charles Lanier, and George F. Baker, voting trustees) until the company
shall have paid 5 p. c. cash dividend in one year on the preferred stock. But the trustees, at their
discretion, may terminate the trust at any time. Certificates of beneficial interest, representing the owner-
ship of the shares and entitling the holders to any dividends that may be declared, are issued in lieu of the
stock deposited.
10. Fnnded Debt.— The funded debt outstanding on June 30, 1901— total, $124,581,700 as per
general balance sheet— consisted of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraphs relating thereto appended to the state-
ment; and the details of funded debt outstanding on or about Aug. I, 1902, will be found in the READY
REFERENCE BOND LIST — see GENERAL INDEX.
$36,053,000 1st consol. gold 5s of July 1, 1994.
4,500,000 E. Tenn. Reorg. gold 5s of Mar. 1, 1938.
5,083,000 Memphis Div. 1st gold 4s of July 1, 1996.
1,500,000 Memphis Div. 2d gold 5s of July 1, 1996.
150,000 Aiken Br. 1st gold 4s of July 1, 1998.
10,750,000 St. Louis Div. 1st gold 4s of Jan. 1, 1951.
7,824,000 Mob. & Ohio coll. gold 4s of Sept. 1, 1938.
5,997,000 R. & D. RR. consol. gold 6s of Jan. 1, 1915.
3,368,000 R. & D. RR. debent. 5s of April 1, 1927.
595,000 R. & D. eq. s. f. gold 5s of Sept. 1, 1909.
1,025,000 W., O. & W. RR. 1st 4s of Feb. 1, 1924.
400,000 R., Y. R. & C. RR. 1st ext. 5s of Jan., 1910.
500,000 R., Y. R. & C. 2d ext. 4Js of Nov. 1910.
150,000 A., T. & 0. RR. 1st 6s of April, 1913.
2,531,000 W. N. C. 1st con. gold 6s of July 1, 1914.
1,640,500 C., C. & A. 1st ext. gold 5s of July 1, 1909.
500,000 C., C. & A. RR. 2d gold 7s of Oct., 1902.
$2,000,000 C. & G. RR. 1st 6s of Jan. 1, 1916.
3,106,000 E. T., V. & G. 1st gold 5s of July 1, 1930.
12,770,000 E. T., V. & G. con. gold 5s of Nov. 1, 1956
1,000,000 Ala. Cent. RR. 1st gold 6s of July 1, 1918.
5,660,000 Ga. Pac. Ry. 1st gold 6s of Jan. 1, 1922.
175,000 G. P. Ry. equip, sink, fund gold 5s.
2,000,000 K. & O. RR. 1st gold 6s of July 1, 1925.
1,000,000 S., I* ft C. RR. 1st gold 4s of Jan., 1995.
600,000 Va. Mid. Ry. series A 6s of Mar. 1, 1906.
1,900,000 Va. Mid. Ry. series B 6s of Mar. 1, 1911.
1,100,000 Va. Mid. Ry. series C 6s of Mar. 1, 1916.
950,000 Va. Mid. Ry. series D. 5s of Mar. 1, 1921.
1,775,000 Va. Mid. Ry. series E 5s of Mar. 1, 1926.
1,310,000 Va. Mid. Ry. series F 5s of Mir. 1, 1931.
4,859,000 Va. Mid. Ry. gen. 5s of May, 1, 1936.
310,200 Ch. & Rap. RR. 1st 6s of July 1, 1913.
1,500,000 Atl. & Yad. 1st gold 4s of April 1, 1949.
286 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
• .
FIRST CONSOL. MTOE. BONDS. — These are authorized to the amount of $120,000.000, and of the $83,947,-
000 of bonds unissued on June 30, 1901, $11,942,300 were reserved for extensions, additions, and better-
ments; $69,046,700 for the retirement of prior liens; $5,700,000 for the acquisition of the stocks of the
North Carolina RR. Co., and the Atlanta and Charlotte Air-Line Ry. Co., and the remainder for the retire-
ment of equipment obligations and for other purposes. Of the $36,053,000 issued up to June 30, 1901, $2,538,-
000 represented bonds free in the treasury, the amount actually outstanding being $33,515,000. The bonds are
secured by a direct mortgage on all lines owned by the company, as well as on its leasehold estates, etc.,
and by pledge of bonds and stocks of the par value of $19,148,825, the details of which are shown in Sec. 16.
The mortgage securing these bonds is now a direct first lien on 009.34 miles of road, as follows: Clarks-
ville to Durham, N. C., 56.8 m. ; Oxford to Henderson, N. C., 12.72 m. ; Greensboro to Wilkesboro,
N. C., 100.15 m. ; Statesville to Taylorsville, N. C., 20 m. ; Atlanta to Fort Valley, Ga., 102.3 m. ; Mobile
June, to Birmingham June., Ala., 34 m. ; Gurnee June, to Blocton, Ala., 14.30 m. ; Rome to Attalla, Ala., 61.3
m. ; Marion June, to Akron, Ala., 63 m.; Knoxville to Maryville, Tenn., 16 m. ; Clinton to Harriman June.,
Tenn., 30.6 m. ; Briceville to Panola, Tenn., 3.7 m. ; Oliver Springs to Big Mountain, Tenn., 3.26 m. ; Rogers-
ville June, to Rogersville, Tenn., 16 m. ; Johnson City to Embreeville, Tenn., 13 m. ; Knoxville, Tenn., to
Cumberland Gap, Ky., 62.36 m. ; the Knoxville Belt Line, 5.85 m. ; and extension from Round Hill to Bluemont,
Va.. 4 miles. It is also practically a first lien on the following-named railroads by virtue of the pledge of all
of the mortgage bonds outstanding secured by first lions thereon; Danville and Western Ry., 75 m. ; Elberton
Air-Line UR., 50.6 m. ; High Point, Ramlleman, Asheboro and Southern RR., 26.8 m. ; North Carolina Midland
RR., 53.55 m.; Southern Ry. in Ky., 123.2 m. ; Yadkin RR., 41 m.— total, 370.15 miles.
EAST TENNESSEE REORGANIZATION BONDS. — Secured by a lien on certain parts of the lines of railway
formerly of the East Tennessee, Virginia and Georgia Ry. Co., identical in terms with but less in amount
than the lien of $6,000,000 former Improvement and Equipment bonds of the East Tennessee, Virginia and
Georgia Ry. Co., for which they were substituted pursuant to the plan of reorganization. They also constitute
a lien prior to that of the Southern Ry. 1st consolidated mortgage on $561,200 of the capital stock of the Knox-
ville and Ohio RR. Co. and on the $2,656,525 capital stock of the Memphis and Charleston RR. (See statement
of securities deposited under the 1st consolidated mortgage.)
MEMPHIS DIVISION FIRST MTGE. BONDS. — Secured by first mortgage on the 257 miles of the old Memphis
and Charleston RR. in Alabama and Tennessee, together with appurtenances, etc., and by pledge of a
separate bond of $900,000, resting as a first lien on the 35 miles within the State of Mississippi, together
with 1,000 shares of the capital stock of the Memphis and Charleston Ry. Co. (in Mississippi), the direct
owner of that section of the line. The amount of bonds authorized to be issued under this mortgage
is $8,000,000, of which $1,417,000 are reserved to be issued at a rate not exceeding $100,000 per annum for future
improvements upon the Memphis Division, and $1,500,000 are reserved solely for the construction, if deter-
mined upon, of a line of railway between Stevenson, Ala., and Chattanooga, Tenn., replacing the trackage now
used over the Nashville, Chattanooga and St. Louis Ry. If not used for this purpose, the $1,500,000 of bonds
can not be issued. All of the bonds are to bear interest at 4 p. c. per annum until July 1, 1901, then 4J p. c.
per annum until July 1, 1906, and 5 p. c. per annum thereafter.
MEMPHIS DIVISION SECOND MTGE. BONDS. — Secured on the same property as the 1st mtge. bonds, but
subject in lien thereto. The total authorized issue is $2,500,000, bonds amounting to $1,000,000 being reserved
for improvements or for the purchase of additional property. The $1,500,000 shown in the statement of funded
debt have not been sold, but are pledged as security for the $1,000,000 certificates of indebtedness issued
on account of the purchase of the Memphis and Charleston RR. (See General Balance Sheet.)
AIKEN BRANCH BONDS. — These bonds are secured on the line from Aiken to Edgefield, S. C., 23.58
miles.
ST. Louis DIVISION BONDS. — Secured by first mortgage on the railway, real estate, and franchises of the
St. Louis Division lying within the State of Illinois, and on the equipment and personal property formerly
of the Louisville, Evansville and St. Louis Consolidated RR. Co., also by deposit of $999,300 capital stock
and a $5,000,000 1st mtge. bond of the Southern Ry. Co. of Indiana. The amount of bonds authorized to be
issued under this mortgage is $15,000,000 of which $3,250,000 are reserved for additions and improvements
or for the construction or acquisition of branches or extensions, $1,000,000 thereof to be issued prior to
Dec. 31, 1901, and the balance at the rate of $500,000 a year thereafter. The remaining $1,000,000 bonds
are to be issued only for the construction of a line or portions of a line to overcome the high grades
of the line for about 75 miles west from New Albany, Ind.
MOBILE AND OHIO COLLATERAL BONDS. — Secured by the deposit of an equal amount of gen. mtge. bonds of
the Mobile and Ohio RR. The balance of the authorized issue of $9,500,000 is reserved for the acquisi-
tion of the outstanding balance of gen. mtge. bonds of the Mobile and Ohio RR. Co. Provision is made
in the trust indenture for a sinking fund under which the bonds may be retired before their maturity,
but only whenever and to the same extent as Mobile and Ohio gen. mtge. 4 p. c. bonds (which may
have been pledged as security under the trust indenture) are retired under the sinking fund provision
in the general mortgage of the Mobile and Ohio RR. Co.
R. & D. RR. CONSOL. MTGE. BONDS.— Secured on the line from Richmond to Danville, Va., and branches,
146 miles. The trustee holds as collateral security for these bonds, $500,000 1st mtge. bonds and $500,000
2d mtge. bonds of the Piedmont RR. Co.
R. & D. RR. DEBENTURE MTGE. BONDS. — These are a lien subsequent to the consolidated mortgage of
1915 on the main line and branches of the R. & D. RR.
R. & D. RR. EQUIPMENT MTGE. BONDS.— It is provided that the company shall pay to the trustee on each
interest day a sum equal to 4J p. c. of the principal of bonds previously issued, whether any shall have
been redeemed or not, and so much of this sum as is not required to pay interest is to be used an
redeeming outstanding bonds at par and accrued interest.
WASHINGTON, OHIO AND WESTERN FIRST MTGE. BONDS. — Secured on the line from Alexandria to Round
Hill, Va., 50 miles. The amount shown in the statement of funded debt, $1,025,000, does not include
$221,000 owned by the Southern Ry. Co. and pledged under the 1st consolidated mortgage (see Sec. 16).
RICHMOND, YORK RIVER AND CHESAPEAKE BONDS. — These are secured in the order of their priority
on the line from Richmond to West Point, Va., 39 miles, and constitute liens prior to that of the
Southern Ry. 1st consolidated mortgage on $125,100 of the capital stock of the Chesapeake Steamship Co.
(see Sec. 16).
ATLANTIC, TENNESSEE AND OHIO BONDS. — Secured by first mortgage on the line from Charlotte to States-
ville, N. C., 46.91 miles.
WESTERN NORTH CAROLINA BONDS. — Secured by first mortgage on the line from Salisbury to Paint
Rock, N. C., 184.9 miles.
CHARLOTTE, COLUMBIA AND AUGUSTA BONDS. — Secured in the order of their priority on the line from
Charlotte, N. C., to Augusta, Ga., 190.53 miles. Interest is payable in gold. Respecting the due date
of the Charlotte, Columbia and Augusta 2d mtge. bonds, referred to in the Manual for 1900, page 392,
the following is a copy of a communication received from the secretary of the Southern Ry. Co., under
POOR'S MANUAL— SOUTHERN RY. CO.
237
date of June 11, 1901: "At the foreclosure sale of the Charlotte, Columbia and Augusta property, the
Southern Ry. Co. became the purchaser thereof, subject to certain liens thereon, of which it had notice,
and it appeared from all the records in hand that the mortgage matured Oct. 1, 1902, including the
record of the said mortgage wherever it appears in the States of North Carolina, South Carolina and
Georgia. The records of the mortgage were the only source available to the Southern Ry. Co. from which
to ascertain the due date of the bonds. The fact that there is a difference between the due date of the
bonds as shown by the bonds themselves and the mortgage was not known to this company until some
time after the purchase of the property, although every possible effort has been made to ascertain the
cause of the discrepancy, both from the old records of the Charlotte, Columbia and Augusta Co. and
from its former officers. As the due date, even as shown by the records of the mortgage, is still more
than a year distant, we have not yet undertaken how to deal with the discrepancy."
COLUMBIA AND GREENVILLE BONDS.— Secured on the line from Columbia to Greenville, S. C., 143.50
m., and branches, 21.48 m.— total, 164.98 miles.
EAST TENN., VIRGINIA AND GEORGIA FIRST MTOE. BONDS. — Secured by first mortgage on the line from
Bristol, Tenn., via Chattanooga, Tenn., and Rome, Ga., to Selma, Ala., about 550 miles.
EAST TENN., VIRGINIA AND GEORGIA CONSOL. MTQE. BONDS. — Secured on the entire property of the
old E. T., V. & G. Ry. Co., including its interest in the Knoxville and Ohio and Memphis and Charleston
RR. Cos. (see Sec. 10).
ALABAMA CENTRAL BONDS. — Secured by first mortgage on the line from Lauderdale, Miss., to Selma,
Ala., 95 miles.
GEORGIA PACIFIC BONDS.— Secured by first mortgage on the line from Greenville, Miss., to Atlanta,
Ga., and branches, a total of about 555 miles.
KNOXVILLE AND OHIO BONDS.— Secured by first mortgage on the line from Knoxville to Jellico, Tenn.,
65.3 miles.
SPARTANBURO, UNION AND COLUMBIA BONDS.— Secured by first mortgage on the Asheville and Spartan-
burg Ry., 133.9 miles. The Southern Ry. Co. guarantees the interest but not the principal of these bonds.
VIRGINIA MIDLAND SERIAL BONDS. — The 1st series is secured by a 1st lien on all lines between Alex-
andria and Gordonsville, including the lease of the Charlottesville and Rapidan RR. ; the 2d series by a 2d
lien on the same lines, and a 1st lien on the line between Charlottesville and Lynchburg; the 3d series
Gordonsville, a 4th lien between Charlottesville and Lynchburg, and a 1st lien on the road from Manassas
June, to Harrisonburg; the 6th series by a 1st lien on the road between Lynchburg and Danville, including
Pittsville Branch and lease of Franklin and Pittsylvania RR., and a 6th lien on the lease of the Charlottes-
ville and Rapidan RR.
VIRGINIA MIDLAND GEN. MTGE. RONDS. — Secured on the entire property formerly of the Virginia Mid-
land Ry. Co. These bonds are a direct obligation of the Southern Ry. Co. A sufficient amount of them
is reserved for the retirement of the serial bonds.
CHARLOTTESVILLE AND RAPIDAN BONDS. — Secured by 1st mortgage on 28.22 miles of the Alexandria-
Greensboro line, from Charlottesville to Orange, Va. The road is leased by the Southern Ry. Co. at a
rental of $35,300 per annum. Part of this rental is annually applied to the retirement of the bonds,
the capital stock being retired simultaneously therewith. On Jan. 1, 1914, the bonds and the stock
will have been retired and the road will be merged into the Southern Ry. In the meantime it is necessary
to preserve the corporate existence of the C. & R. RR. Co.
ATLANTIC AND YADKIN BONDS.— Secured by first mortgage on the Atlantic and Yadkin Ry., 166.22
miles. The bonds are guaranteed, principal and interest, by the Southern Ry. Co., the guaranty being
endorsed on each bond.
. lOa. Joint Bonds for Purchase of " Monon " Stock. — Arrangements have been made
for issuing $15,500,000 of joint 4 p. c. 50-yr. bonds of this company and the Louisville & Nashville RR. Co.
for the acquisition of the capital stock of the Chicago, Indianapolis and Louisville Ry. Co. on the terms
outlined in Sec. 3, and to provide for the betterment, improvement and enlargement of the C., I. & L.
Ry. property. The bonds are to mature on July 1, 1952, but will be redeemable at 105 p. c. and accrued
interest on any 1st of Jan. or 1st of July after Jan. 1, 1907. They will bear interest from July 1, 1902,
at the rate of 4 p. c. per annum, coupons to be payable on Jan. 1 and July 1 and registered interest
on Jan. 1, April 1, July 1, and Oct, 1. The bonds will be secured by pledge of the stock against which
they shall be issued, such pledge to be made subject to the terms of a collateral trust indenture, which
shall provide that the C., I. & L. Ry. Co. shall not execute or issue any bonds except for the refunding
of its existing obligations, or for the acquisition of additional property, or for betterments, improvements
or other lawful purposes, and that no proceeds of any bonds to be issued by the C., I. & L. Ry. Co. can
be used to pay any part of the bonds secured by such collateral trust indenture unless all such bonds shall
then be paid.
11. Sinking Funds.— The only issues with sinking fund features are: Georgia Pacific Ry. equip-
ment sinking fund 5 p. c. mtge. bonds; Richmond and Danville RR. equipment sinking fund 5 p. c. mtge.
bonds; Charlottesville and Rapidan RR. 1st mtge. 6 p. c. bonds. The operations of the sinking funds, it
is expected, will retire the first-named issue in 1902, the second in 1905, and the third in 1913.
12. Outstanding Securities of Leasehold Estates.— The following is a statement in
(1, tail of the $25,552,200 outstanding on June 30, 1901, as per general balance sheet (additional particulars
nre in the separate statements for the respective leased lines and in the Ready Reference Bond List — see
Ccneral Index) :
8500,000 A. & C. A.-L. Ry. 1st pr. 4s of 1907, int. A. & O.
1.250.000 A. & C. A.-L. Ry. 1st 7s of 1907, int. J. & J.
rr,0,000 A. & C. A.-L. Ry. ext. inc. 4s of 1907, int.A.& O.
1,700,000 A. & C. A.-L. Ry. stock, 6 p. c. div. M. & S.
4.000,000 No. Car. Ry. stock, dividends J. & J.
I,<i50,000 Ga. Mid. Ry. 1st gold 3s of 194fi, int. A. & O.
5. .>50.000 S. C. & Ga. RR. 1st 5s of 1919, int. M. & N.
$100,000 Sum. & Wat. Riv. 1st 5s of 1919, int. A. & O.
600,000 Mob. & Birm. prior lien 5s of 1945, int. J. & J.
1.200,000 Mob. & Birm. 1st 4s of 1945, int. J. & J.
900,000 Mob. & Birm. RR. pref . stock, div. J. & D.
315,000 Rich. & Meek. 1st 4s of 1948. int. M. & N.
1,238,000 Atl. & Dan. Ry. 1st 5s of 1950, int. J. & J.
3,099,200 Atlantic and Danville Ry. preferred stock.
13. Equipment Obligations of Southern Ry. Co.— The equipment obligations of the
Southern Ry. Co., proper amounting to $4,002,996.61 represent unmatured balances on contracts covering
the following equipment: 3,481 freight cars received during fiscal year 1900 and 3,469 freight cars, 50
passenger cars and 83 locomotives received during fiscal year 1901. The contract cost of this equipment was
238
POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GROUP.
$6 389 852 of which there has been paid to June 30, 1901, $2,386,855.39. Balance unmatured as per
balance sheet, June 30, 1901, $4,002,996.61.
14. Certificate* of Indebtedness. — The certificates issued for the purchase of the stock of the
South Carolina and Georgia RR. Co. and Seivern and Knoxyille RR. Co., and of stock and bonds of the North-
ern Alabama Ry. Co. and Carolina Midland Ry. Co. bear interest at the rate of 5 p. c. per annum and are
payable in semi-annual installments, the company reserving the right to pay all or any part of either issue on
the due date of any one certificate. The certificates issued to provide for advances to the Carolina Midland Ry.
Co. for the extension and completion of its line from Columbia to Hardeeville, S. C., are payable in four
equal semi-annual installments from July 1, 1901, to Jan. 1, 1903, and bear interest at the rate of 4 p. c.
per annum. The certificates issued to provide for advances to the Ensley Southern Ry. Co. for the con-
struction of its line bear interest at the rate of 4 p. c. per annum and are payable in semi-annual install-
ments of $120,000, the last payment falling due on March 15, 1903. The certificates of May 1, 1901, bear
interest at the rate of 4 p. c. per annum and are payable in five semi-annual installments of $300,000 each,
beginning Nov. 1. 1901.
15. Unpaid Balance of Purchase Price of Northeastern RR. of Ga — The total
purchase price was $307,000, of which $100,000 was paid at the time of purchase (Nov. 1, 1899), and $100,000
on Nov. 1, 1900; the remaining $107,000 will be due on Nov. 1, 1914, with interest in the meantime at 3i
p. c. per annum, payable semi-annually. The company has the right to anticipate the payment of the
deferred installment on the due date of any semi-annual interest payment.
16. Statement showing as of June 30, 1901, the securities owned by the Southern Ry.
Co., and by it pledged under its first consolidated mortgage deed :
Railroad Stocks. Par Value.
Ala. Gt. South. Ry. Co., Ltd.. Class "A".. . .$1.725,000 00
Ala. Gt. South. Ry. Co., Ltd., Class " B ". . 4,540,050 00
Knoxville & Ohio RR. Co *1, 111,300 00
Southern Uy. Co. in Kentucky 998,200 00
Total Stocks 88,374,550 00
Railroad Jionds.
Ala. Cent. Rli. Co. Inc. Bonds and Scrip.,
Danville & Western Ry. Co. 1st, Mtge. 5s..
Elberton Air Line RR. Co. 1st Mtge. 7s —
High Pt., R., A. & 8. RR. Co., 1st Mtge. 6s
No. Car. Midland RR. Co. 1st Mtge. 6s....
Piedmont RR. Co. 1st Mtge. 6s
Piedmont RR. Co. 2d Mtge. 6s
So. Ry. Co. ill Kentucky 1st Mtge. 5s
?1, 355,275 00
1,051,00000
150,000 00
402,00000
801,00000
t500,000 00
. t500,00000
. 3,000,000 00
Railroad Bonds— Cont. Par Value.
So. Ry. Co. in Mississippi 1st Mtge. 5s.... $200.00000
Western No. Car. RR. Co. Irt Mtg<- 6s 1,325,00000
Wash., Ohio & West. RR. Co. 1st Mtge. 4s. 225,000 (10
Yadkin RR . Co. 1st Mtge. 6s 015,000 00
Total Bonds $10,124,275 00
Other Securities.
Chesapeake SS. Co. Certif. of Ind'tedness. $250,000 00
Chesapeake SS. Co. Capital Stock $400,000 00
Total Other Securities $650,000 00
Total St'ks, B'ds, and Other Securities.819.148,825 00
Book Valuation, as perBalance Sheet. $13,548,027 40
* Of this amount, $561,200 is held by the Central Trust Co. of New York, as trustee, under the consolidated
mortgage of the East Tennessee, Virginia and Georgia Ry. Co., and the mortgage of the Southern Ry. Co.
known as the " East Tennessee Reorganization Mortgage " ; so that only $550,100 is directly pledged under the
first consolidated mortgage.
t These bonds are not pledged directly under the first consolidated mortgage, but are held by the Central
Trust Co. of New York as security under the prior lien of the consolidated mortgage of the Richmond and
Danville RR. Co.
J Subject to the prior lien mortgages of the Richmond, York River and Chesapeake RR. Co. as to
$125,100 of this amount.
17. Statement of "Securities in Treasury Unpledged," held for control or as muni-
ments of title, June 30, 1901 :
Railroad Stocks.
Alabama Gt. So. Ry. Co. Ltd.— Class "B".
Atlantic & Yadkin Ry. Co
Abbeville & Spartanburg RR. Co
Augusta & Snmtnerville RR. Co
Cin., New Orleans & Texas Pacific Ry. Co.
Central Railway Transfer & Storage Co. . .
Danville & Western Ry. Co
Danv., Mocksv. & Southwestern RR. Co..
Elberton Air Line RR. Co
Georgia Midland Ry. Co
Hartwell Ry. Co
High Pt.. Randletnan. Asheboro & S.RR.Co.
Knoxville & Ohio RR. Co
Lawrenceville Branch RR. Co
Mobile & Birmingham RR. Co.— Common.
North Carolina Midland RR. Co
Northern Alabama Ry. Co
Richmond & Mecklenburg RR. Co
South Carolina & Georgia RR. Co
Southern Ry. Co.. in Kentucky
State University RR. Co
Spartan burg, Union & Columbia RR. Co...
Southern Ry. Co. of Illinois
Yadkin RR, Co —
Par Value.
865,500 00
1,000,000 00
1,047,981 83
50.000 00
400 00
25.000 00
368,fiOO 00
50.200 00
90.250 00
"1.000,000 00
20,000 00
212,500 00
7,000 00
75 00
880,500 00
787,600 00
46,900 00
300,000 00
321,300 00
1.800 00
16.800 00
1,000,000 00
3.000,000 00
462,750 00
Total Stock $10,755,156 83
Railroad Jionds. Par Value.
Blue Ridge RR. Co. 7 p. c. Mtge. Loan .... $497,000 00
Franklin & Pitts. RR. Co.. 5 p. c. 1st Mtge. 74.500 00
Hnrtwell Ry. Co., 5 p. c. 1st Mtge 20.00000
Lawrpnrev. Branch RR. Co.,7 p. c. IstMtge. 30,000 00
Greenville & Columbia RR. Co., 7 p. c. 1st
Mortgage 15,000 00
TotalBonds $636,500 00
Other Securities.
East Tennessee Telegraph Co. Stock
Southwestern Construction Co., Stock
Miscellaneous. . .
$1,750 00
16.600 00
454,256 22
Total Other Securities $472,606 22
Total Bd« . Stocks jindOtherSecurities.11,864,263 05
Book Valuation, as per Balance Sheet. 1,257,804 34
POOR'S MANUAL — SOUTHERN RY. SYSTEM.
239
1§. RAILROADS OWNED, LEASED OR CONTROLLED BY THE SOUTHERN RY. Co., AND THE
RESULTS FROM THB OPERATION OF WHICH ARE INCLUDED IN THE ACCOUNTS OF
THAT COMPANY.
The miblication of separate statements for the following railroads is discontinued for the reason that the
Southern By. Co. owns all of their capital stocks and has assumed such of their bonded debts as it does not own.
They are practically merged into the Southern Rys.
Ashevillc & Spart. Ry . . .
Atlantic <fc Yadkin Ry. . .
Carolina Midland Ry —
Char. & Rapidan RR
Elberton Air Line RR
Knoxville & Ohio RR
The bonds of the Asheville and Spartanburg Ry., Atlantic and Yadkin Ry., Charlottesvitte and Rapidan
RR. and Knoxville and Ohio RR. are outstanding in the hands of the public and are described in Sec. 10 and in the
Ready Reference Bond List— (See GENERAL INDEX).
Mileage.
133.90
Capital
Stock.
$
1,050,000
Funded
Debt.
9
1.000,000
N. & S. Carolina RR
Mileage.
4.62
Capital
Stock.
$
50,000
Funded
Debt.
$
166.22
136.76
1,000,000
532,500
1,500,000
1,021,000
Sievera & Knoxville RR.
Southern Ry. in Ind
17.44
1,140,000
999,300
5,000,666
28.22
50.60
69.32
100,000
196,100
1,122,200
310,200
150,000
2,000,000
Southern Ry. in Ky
Southern Ry. in Miss...
122.83
238.87
1,000,000
50,000
3,000,000
200,000
Atlanta and Cbarlotte Air-Line :4 y.-
Atlanta, Ga., to Charlotte, N. C., 268.17 m. ; total
track, 340.02 miles. Rail (steel, 268.17 m.), 60, 75,
and 80 Ibs. Organized Feb. 27, 1877, as successor to
the Atlanta and Richmond Air -Line Ry. Co. (see
Manual for 1894, page 750). Leased to the R. & D..
RR. Co. for 99 years from April 1, 1881. The South-
ern Ry. Co. acquired the rights of the R. & D. RR.
Co. under said lease by virtue of its purchase of the
property and franchises of the R. & D. RR. Co. at fore-
closure sale in June, 1894. Rental, 1900-1901: Inter-
est on bonds. $347.500; dividends of 7 p. c. on
stock, $107,666.6C ; organization expenses, $4,000 —
total, $459,166.66. Under the terms of the lease,
dividends are to be at the rate of 5 p. c. a year if
gross earnings fall to or below $1.500,000 a year, 6
p. c. a year on gross earnings of from $1,500,000 to
$2,500,000, and 7 p. c. if gross earnings exceed
$2,500.000 in any year. Capital stock ($100 shares),
$1,700,000; funded debt (see details in Sec. 12), $5,-
500.000— total, representing cost of property, $7.200,-
000. Charles S. Fairchild, Pres.; Wm. N. Wilmer,
Sec.; Geo. Sherman, Treas., New York, N. Y. Office,
48 Wall St., New York, N. Y.
Atlantic and Danville Ry. — West Nor-
folk to Danville, Va., 205.10 m. ; James River June,
to Claremont, Va. (3-ft. gauge), 50.49 m.; Ports-
mouth to Shoulders Hill, Va., 9.98 m. ; Hitchcock
June, to Hitchcock Mills, Va., 8.33 m. ; Buffalo June,
to Buffalo Lithia Springs, Va., 3.90 m. ; North and
South Carolina RR. (leased), 4.62 m. — total, 282.42
m.; total track (steel; 35 to 60 Ibs.), 315.41 miles.
Locomotives. 26; passenger train cars, 23; freight
train cars. 811; road cars, 14. Reorganization, Aug.
2, 1894, of the Atlantic and Danville Ry. Co. (See
Manual for 1895, page 164.) Leased to the Southern
Ry. Co., for 50 years, from July 1, 1899, at a fixed
rental of $127,000 a year for the first two years,
$157,000 a year for the next three years, $188,000 a
year for the following five years, and $218,000 a
year thereafter. In the event of the issue of the
$500.000 of bonds for additions to the property, as
hereinafter shown, the fixed rental will be increased
$20,000 annually. Also, the lessee agrees to pay the
same rate of dividends on the common stock as may
be paid on its own common stock. The lease is
renewable forever in periods of 99 years. Financial
Statement, June 30, 1901. — Capital stock, $5,379,000,
consisting of $2,179,800 common stock and $3,099,200
preferred stock. Funded debt, $3,175,000 1st gold
4s of July 1, 1948. int. J. & J. The authorized issue
of the bonds is $4,425,000. Between June 30 and
Nov. 1, 1901, there were issued $750,000 additional
bonds, making a total of $3,925.000. The remain-
ing $500,000 will be issued on the request of the
lessee, but only for additions to the property. The
outstanding bonds were issued partly for the re-
demption of $1,500,000 of 5 p. c. bonds and partly
with a view to the ultimate liquidation of the pre-
ferred stock. On Nov. 1. 1900, there was paid
$1.270,000 of the preferred stock, and on Nov. 1,
1901, $635.000 additional; making a total of $1.905,-
000, or 60 p. c.. on the preferred stock distributed
among the holders thereof. The new bonds are
secured by first mortgage on the entire property of
the company. They are fully described in the Ready
Reference Bond List — see General Index. B. New-
gass, Pres., London, Eng. ; Charles 0. Haines, Vice-
Pres. ; Adam Tredwell, Sec. & Treas., Norfolk, Va.
Office, Norfolk, Va.
Franklin and Pitts? Ivaiiia RR.— Pitts-
vine to Rocky Mount, Va., 29.9 m. ; total track, 30.35
miles. Rail (steel, 9.56 m.), 56 Ibs. Chartered
March 12, 1878; opened May 1, 1880. Leased to the
Southern Ry. Co. for a term of years ending May 1,
1914, the lessee to pay from gross earnings interest
on bonds and sinking fund of 1 p. c. per annum, the
remainder of gross earnings to be applied to reim-
bursement of lessee for expenses of operating; any
surplus after the latter payment to be applied to
interest and principal of the $200,000 stock bonds.
Locomotives, 2. Combination car, 1. Capital stock
($100 shares), $200,000; funded debt (1st 6s of July
1, 1913), $100,000; unpaid coupons, $38,500. — total,
$338,500. Contra: Cost of road, $300,000; current
assets, $38.500 — total, $338,500. The Southern Ry.
Co. owns $74,500 of the bonds. E. W. Saunders,
Pres. ; O. H. Price, Sec. Office, Rocky Mount, Va.
Georgia Midland Ry.— Columbus to Mc-
Donough, Ga., 97.88 m.; total track (steel,
97.88 m.), 107.97 miles. Rail, 56 and 65 Ibs. Char-
tered March 27, 1896, as successor to the Georgia
Midland and Gulf RR. Co. (See Manual for 1896,
page 212.) Leased to the Southern Ry. Co. for 99
years {rom July 1, 1896. at a rental equivalent to 3
p. c. per annum on $1.650.000 1st mtge. bonds, besides
$2,500 yearly as rental for terminal property in
Columbus. Capital stock ($100 shares), $1,000,000.
Funded debt (1st gold 3s of April 1, 1946), $1,650,-
000. The Southern Ry. Co. owns all the capital
stock. S. Spencer, Pres.; R. D. Lankford, Sec.,
New York, N. Y. ; H. C. Ansley, Treas.; A. H.
Plant, Aud., Washington, D. C. Office, Columbus,
Ga.
Lockhart RR.— Lockhart June, to Lockhart, S.
C., 13.81 m. ; total track (steel, 10.65 m.). 14.49
miles. Rail, 50 Ibs. Chartered Oct. 23, 1899; road
opened in Dee., 1899. Operated by the Southern Ry.
Co., since May 28, 1900, under a lease for 20 years.
Equipment and superstructure supplied by the
lessees. Capital stock ($100 shares), $25,000. Cost
of road, $25,000. John C. Gary, Pres. & Treas.; W.
K. Livingston, Sec., Lockhart, S. C. Office, Lock-
hart, S. C.
Mobile and Birmingham RR.— Mobile to
Marion June., Ala., 148.55 m.; total track (steel,
148.55 m.), 169.15 miles. Rail— iron, 51 Ibs.; steel,
56 and 60 Ibs. Chartered July 2, 1895, as successor
to the Mobile and Birmingham Ry. Co. (See Manual
for 1895, page 918.) Leased to the Southern Ry. Co.,
for 99 years from March 1, 1899, at a rental equiva-
lent to the interest on the bonds and dividends on the
preferred stock, at the rate of 1 p. c. for the first
year, 2 p. c. for the second year, 3 p. c. for the third
year, and 4 p. c. for the fourth (ending June 30,
1903) and succeeding years. Locomotives, 13; pas-
senger train cars, 12; freight cars, 308. Capital stock
($900.000 common, $900,000 preferred; $100 sharps),
$1.800.000; funded debt ($600,000 prior lien and $1,-
200.000 1st gold 5s of July 1, 1945). $1.800.000 — total,
representing cost of property, $3.600.000. Capital
stock authorized consists of $1,000,000 common stock
and $1,000,000 preferred stock. Thomas G. Bush,
Pres.. Birmingham. Ala.; H. C. Ansley. Treas.,
Washington. D. C. ; H. Hammond, Sec.. Birmingham,
Ala.; A. H. Plant, Aud., Washington, D. C.
North Carolina RR.— Goldsboro', N. C., to
Charlotte, N. C., 221.65 m.; branch, Caraleigh Jet.
to Caraleigh Mills, 1.9 m.— total, 223.55 m.; total
track (steel, 223.55 m.), 299.45 miles. Rail, 50 to 80
Ibs. Chartered J*n. 27, 1846; road opened Jan. 30,
,•'
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC (JROUP.
1866. Lefcsed to the Southern Ry. Co., for 09 years
from Jan. 1, 1896, at a rental of $266,000 a year
until 1902 and $280,000 yearly thereafter. Income
Account, year ending June 30, 1901. — Rental, $266,-
000; other Income, $527— total, $266,527. Pay-
ments: Dividends (6i p. c.), $260,000; expenses, etc.,
•4,961— total, $264.951. Surplus, $1,576. Balance
Sheet. June 30, 1901. — Capital stock ($100 sti
$4,000,000; current liabilities, $133,008; profit and
l.>s*. $! is I . r>79 — total. $5,117,587. Contra: Cost of
road, $4,975,627; securities owned, $5.000; cash and
current assets, $136.060 — total. $5.117,587. The State
owns $3.000,000 of the stock, and private stock-
holders $1,000,000. John S. Armstrong, Pres., Wil-
mington. Js*. C. ; Spencer B. Adams, Sec. & Treas.,
Burlington, N. C. Office, Burlington, N. C.
Richmond and Mecklenbnrti Kit. K'eys-
vllle to Clarksville, Va., 31.30 m.; total track (steel,
31.30 m.), 33.34 miles. Rail, 56 Ibs. Chartered Feb.
21, 1880; road opened In 1882-83. Cars— baggage,
etc., 1; freight (box, 2; flat, 3; coal, 6), 11— total,
12. Leased to the Southern Ry. Co. for 50 years from
Nov. 1, 1898, at a rental equivalent to the Interest
on the bonds. Balance Sheet, June 30, 1901. — Capi-
tal stock ($100 shares). $:Ui7.!iiio; funded debt
(see General Index). $315,000; current liabilities, $2.-
480 — total, $675,380. Contra: Cost of road.
$591,382; current assets. $2,480; profit and loss, $81.-
518 — total, $675,380. The Southern Ry. Co. owns
$300,000 of the capital stock. Thomas W. Joyce,
Pres.; W. S. Townsend, Sec. & Treas., New York,
N. Y. Office, Clarksville, Va.
South Carolina and Georgia RR. — Charleston, S. C., to Augusta, Ga., 136.91 m. ; Branchville
to Columbia, S. ('., 67.1 in.: Kingville to Cumden, S. C., 37.1 m. ; Sumter and Wateree River RR.
(leased), 15.81 m.— total (owned, 241.11 m.), 256.92 m.; 2d track, 6.19 m.; total track (steel; 256.92 m.),
263.11 miles. Rail, 56 to 70 Ibs. Reorganization, in May, 1894, of the South Carolina RR. Co. Leased
to the Southern Ry. Co. for 30 years from May 1, 1899. The Southern Ry. Co. makes no guaranties
under the terms of the lease, but agrees to pay to the shareholders of this company the net income
from the operations of the property, after deducting operating expenses and taxes and cost of better-
ments. This company leases the Sumter and Wateree River RR. on terms given in the appended state-
ment for that road. Locomotives, 39; passenger cars, 46; freight cars. 1.091. Balance Sheet, June
30, 1901. — Capital stock ($100 shares), $5,000.000; funded debt (1st gold 5s of May 1. 1919), $5.2.r.M.ou(i;
outstanding securities leasehold estates, $100.000; equipment trust notes, $28,2:52; unfunded debt.
$257,489; income balance, $349,944— total, $10,985.665. Contra: Cost of road, etc., $10.394,240; leasehold
estate, $100,000; other investments. $50,232; income balance, $441.193 — total. $10.986.665. The Southern
Ry. Co. owns a large majority of the capital stock. The bonds are a first lien upon the property.
excepting about 30,000 acres of timber and tillage land, and village lots not needed for railroad
purposes, which were omitted from the lien of the mortgage for convenience in making titles when
sold. A. B. Andrews, Pres., Raleigh, N. C. ; G. W. Maslin, Vlce-Pres., New York, N. Y.; H. W.
Miller, Sec., Raleigh, N. C.; H. C. Ansley, Treas.; A. H. Plant, Aud., Washington, D. C. Office,
Charleston, S. C.
SUMTER AND WATEREE RIVER RR.—
Wateree June, to Sumter, S. C., 15.81 miles. Rail
(steel), 56 Ibs. Chartered Feb., 1898; road opened
Aug. 7, 1899. Operated under an agreement with the
South Carolina and Georgia RR. Co., effective Oct.
2, 1899, whereby that company operates the road for
debt (1st 5s of April 1, 1919). $100,000— total, rep-
resenting cost of road, $106.000. The South Caro-
lina and Georgia RR. Co. owns substantially all of
the capital stock and guarantees the bonds both a-;
to principal and interest. S. Spencer. Pres.; R. 1>
Lankford, Sec.. New York, N. Y. ; H. C. Ansley.
account of its owners. Capital stock, $6,000; funded Treas.; A. H. Plant, Aud., Washington, D. C.
State University RR.— University to Chapel Hill. N. C., 10.20 m.; total track (steel. 7.50 m.).
10.85 miles. Rail. 56 Ibs. Chartered April 12, 1879; road opened about Jan. 1, 1882. Controlled by
the Southern Ry. Co., through ownership of $16,800 of the capital stock. Balance Sheet, June 30, 1901. —
Capital stock ($100 shares), $31,300; current accounts, $97,011 — total, $128,311. Contra: Cost of
road, $31,660; profit and loss, $96.651, — total, $128,311. A. B. Andrews, Pres.; H. W. Miller. Sec.,
Raleigh, N. C. ; H. C. Ansley, Treas.; A. H. Plant, Aud., Washington, D. C. Office, Raleigh, N. C.
19. OPERATED BY THE SOUTHERN RY. Co. UNDER AGREEMENT.
Roswell RR.— Chamblee to Roswell, Ga,, 9.80
m. Gauge, 3 ft. Rail (steel, 0.42 m.), 60 Ibs.
Chartered April 10, 1863; road opened Sept. 1, 1881.
The company has an agreement with the A. & C. A.
L. Ry. whereby It is allowed 25 p. c. of gross rev-
enue accruing to the A. & C. A. L., on traffic inter-
changed; this amount being applicable only toward
payment of coupons or the purchase and redemption
of the bonds. The coupons and bonds thus purchased
become the property of the A. & C. A. L. The opera-
tions of the road are included in the accounts of
the Southern Ry. Co. Locomotive, 1; passenger car,
1; freight cars. 6. Balance Sheet, June 30, 1901. —
Capital stock. $40.000: funded debt (1st 7s of July 1.
1900), $35.000; other liabilities. $16.880 — total, $91,-
880. Contra: Cost of road, etc., $81.296; bonds In
hands of trustees, $2.500: current accounts. $6.359:
profit and loss, $1.725 — total, $91.880. The Southern
Ry. Co. owns $20,100 of the capital stock. A. B.
Andrews. Pres.; H. W. Miller. Sec.. Raleigh, N. C. ;
H. C. Ansloy, Treas., Washington, D. C. Office,
Richmond. Va.
2O. Board of Directors, Southern Ry. Co., elected October 17, 1901.
Alex. B. Andrews Raleigh, N. C.
Joseph Bryan Richmond, Va.
H. C. Pahnestock, .New York, N. Y.
W. W. Pinley . . . .Washington, D. C.
Samuel M. Inman Atlanta, Ga.
A. Iselin. Jr New York, N. Y.
George W. Maslin. "
Samuel Spencer. . . " "
R. M. Gallaway New York, N. Y.
J. T. Woodward. . .New York, N. Y. | Charles Steele. . . .New York, N. Y.
SAMUEL SPENCER, President 80 Broadway, New York, N. T.
A. B. Andrews, \st Vice-President Raleigh, N. C.
W. W. Finley, 2d Vice- President Washington, D. C.
Frank S. Gannon, 3d Vice-President " "
John M. Gulp, 4th Vice-President "
C. H. Acbert, Gen. Mgr. (except of St. L.-Louisv. Lines'). " "
Henry B. Spencer, G-en. Mgr. , St. Louis- Louisville Lines St. Louis, Mo.
Gen. Counsel— Francis Lynde Stetson. .New York, N. Y.
Secretary— R. D. Lankford "
Treasurer— H. C. Ansley Washington, D. C.
Auditor— A. H. Plant....
PRINCIPAL OFFICE AND ADDRESS Richmond, Va.
Operating Office 1300 Pennsylvania Ave., Washington, D. C.
Executive Office 80 Broadway, New York, N. Y.
POOR'S MANUAL — SOUTHERN RY. SYSTEM. 241
RAILROADS CONTROLLED BY THE SOUTHERN RY. CO., BUT OPER-
ATED INDEPENDENTLY.
AUGUSTA SOUTHERN RR.— Augusta to Tennille, Ga., 84 in.; total track (steel; 56
Ibs.), 87 miles. Gauge, 4 ft. 9 in. Reorganization, April 4, 1893, of the Augusta, Gibson
and Sandersville RR. Co. (see MANUAL for 1899, page 463). Leased in perpetuity, March 1.
1897, to the South Carolina & Georgia RR. Co. (see MANUAL for 1901, page 384). The road
was operated by the Southern Ry. Co., under the lease of the South Carolina and Georgia
RR., from May 1, 1899, to April 25, 1901, but on the latter date the lease of this road to the
South Carolina and Georgia RR. Co. was annulled and the property was surrendered to the
Augusta Southern RR. Co. Capital stock (common, $400,000; preferred, 7 p. c. non-cumu-
lative, $350,000), $750,000. The Southern Ry. Co. owns a majority of the capital stock.
Funded debt (1st gold 5s of Dec. 1, 1924), $400,000.
OFFICERS : H. MCWHOBTER, Pres., Atlanta, Ga. ; W.W. Finley, Vice-Pres.; F. S. Gannon,
f?en. Mgr.; A. H. Plant, And.; H. C. Ansley, Treas,, Washington, D. C. GENERAL OFFICE,
Augusta, Ga.
DANVILLE AND WESTERN RY.— Danville, Va., to Stuart (Patrick C. H.),Va., 75 m. ;
Leaksville June, to Leaksville, N. C., 8 m. — total, 83 m. ; total track (steel, 64 m.), 85 miles.
Uauges, 3 ft. and 4 ft. 8£iu. The line from Danville to Martinsville, 43 m., was changed to
standard gauge in March, 1902. Rail — iron, 35 Ibs.; steel, 53 Ibs. Reorganization, Jan. 14,
1891, of the Danville and New River RR. Co. The Danville, Mocksville and Southwestern
RR. Co. was consolidated with this company on March 1, 1899. (See MANUAL for 1899, page
4(51.) Locomotives, 8. Cars — passenger, 5; combination, 3; baggage, etc., 3; freight (box,
45; stock, 3; flat, 50), 98; service, 3— total, 112.
Operations, year ending June 30, 1901. — Trains run (passenger, 40,937; freight, 122,811;
other, 21,188), 184,936 miles. Passengers carried, 40,802 ; carried one mile, 1,224,060.
Tons moved, 48,715; ton-miles, 1,461,450. Earnings (passenger, $26,965; freight, $81,179;
other, $6,676), $114,820. Operating expenses, $78,868. Net earnings, $35,952. Payments :
Interest on bonds, $52,600 ; taxes, $4,727— total, $57,327. Deficit, $21,375; deficit forward,
$422,357— total, $443,732.
Kalance Sheet, June 30, 1901.— Capital stock paid in ($2,000,000 auth.; $100 shares),
$368,600 : funded debt (1st 5s of Oct. 1, 1936), $1,052, 000; loans and bills payable, $37,462;
current liabilities, $11,889; accrued interest, $511.000— total, $1,980,951. Contra: Cost of
property, $1,506,627; purchase of D., M. & S. W. RR., $2,084; cash, $23,163; current assets,
$5,345; profit and loss. $443, 732— total, $1,980,951. All of the stock, and practically all of
the bonds, are owned by the Southern Ry. Co.
Directors (elected June, 1902). — J. H. Rangeley, Stuart, Va.; D. W. Spencer, Spencer,
Va. ; H. C. Lester, J. D. Sparrow, W. G. Lee, Martinsville, Va.; R. L. Dibbrell, J G. Penn,
R. A. Schoolfield, Danville, Va. OFFICERS: A. B. ANDREWS, Pres.; H. W. Miller, Sec.,
Raleigh, N. C.; J. A. White, Treas. & Gen. Supt.; J. M. Featherston, And., Danville, Va.
GENERAL OFFICE, Danville, Va.
HARTWELL RY.— Hartwell to Bowersville, Ga., 10 miles. Rail (iron), 30 Ibs. Gauge,
3 ft. Reorganization, in Feb., 1898, of the Hartwell RR. Co. (See MANUAL for 1899, page
461.) Locomotives, 2. Cars — combination, 2; freight (box, 8; flat, 4), 12 — total, 14. The
property is operated by T. J. Linder, of Hartwell, Ga., for a fixed rental, under a lease run-
ning 10 years from Feb. 19, 1898, Rental, year ending June 30, 1901, $2,000. Paid interest
ou bonds, $1,000; dividends on stock (5 p. c.), $1,000— total, $2,000.
Balance Sheet. June 30, 1901. — Capital stock, $20,000; funded debt (1st gold 5s of March
1, 1928), $20,000; accrued interest, $333; profit and loss, $334— total, $40,667. Contra: Cost
of road, $40,000; current accounts, $667 — total, $40,667. The stock and the bonds are owned
by the Southern Ry. Co.
Directors. — Not reported. OFFICERS : A. B. ANDREWS, Pres. ; H. W. Miller, Sec.,
Raleigh, N. C.; H. C. Ansley, Treas., Washington, D. C. GENERAL OFFICE, Raleigh, N. C.
NORTHERN ALABAMA RY.— Sheffield to Parrish, Ala., 95.56 m.; Riverton to River-
ton June., Ala., 10.87 m. ; various branches to mines, 11.31 m. — total, 117.74 m.; total track
(steel, 112.49 m.), 125.22 miles. Gauge, 4 ft. 9 in. Rail, 56 Ibs. Successor, Dec. 1, 1895,
to the Birmingham, Sheffield and Tennessee River Ry. Co., whose property was sold under
foreclosure, Sept. 16, 1895. (See MANUAL for 1895, page 216.) In May, 1899, the Southern
Ry. Co. acquired a controlling interest in this company. Locomotives, 10. Cars — passenger,
4; baggage, etc., 2; freight (box, 50; flat, 29; coke, 57; coal, 369), 505; service, 11 — total
car's, 522. The box cars are leased.
Operations, year ending June 30, 1901. — Not reported. The following is taken from the
Annual Report of the Railroad Commission of Alabama, for the year ending June 30, 1901.
Gross earnings (passenger, $40,679; freight, $326,241; other, $11,640), $378,560. Operating
expenses, $323,662. Net earnings, $54,898.
16
242
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($3,000,000 auth. ;
shares), $2,000,000; funded debt, $1,650,000; equipment notes, $14,897; current liabilities,
$84,407; reserve for replacement of equipment, $4(5,108; reserve for maintenance of way and
structures, $12,911; profit and loss, $32,340— total, $3,840,663. Contra: Cost of road and
equipment, $3,740,306; ether investments, $1,386; ical estate, $553; materials, etc., $22,648;
cash and current assets, $75,770— total, $3,840,663.
Funded Debt. — The funded debt consists of 1st 5s of Jan. 1, 1926. Under a supple-
mentary mortgage made in 1898, $400,000 of the bonds were made prior in lien to the rest of
the issue.
Directors (elected Nov. 27, 1901).— A. B. Andrews, Raleigh, N. C.; Samuel Spencer,
George W. Maslin, W. S. Townsend, New York, N. Y.; E. O. Hopkins, G. B. McCormack,
Birmingham, Ala.; R. T. Simpson, Florence, Ala. OFFICERS: SAMUEL SPENCKR. Pres.,
New York, N. Y.; A. B. Andrews, 1st Vice-Pres., Raleigh, N. C.; W. W. Finley. 2d 'Vice-
Pres.; C. H. Ackert, Gen. Mgr., Washington, D. C.; R. D. Lankford, Sec., New York, N.
Y.; H. C. Ansley, Treas.; A. H. Plant, And., Washington, D. C. GENERAL OFFICE, 80
Broadway, New York, N. Y.
GEORGIA SOUTHERN AND FLORIDA RAILWAY COMPANY.
Line of Road. — Macon, Ga., to Palatka, Fla 285 miles.
Sidings, etc., 43.39 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 and 75 Ibs.
History. — Reorganization, May 22, 1895, of the Georgia Southern and Florida RR.
Co., whose property was sold under foreclosure April 2, 1895. (See MANUAL for 1895, page 170.)
Rolling Stock, June 30, 1901. — Locomotives, 36. Cars — passenger, -17 ; sleeping, 2;
baggage, mail, and express, 17; freight (box, 567; flat, 963 ; stock, 9), 1,539; service, 30 —
total cars, 1,605.
Operations, year ending June 30, 1901. — Train mileage (passenger, 532,856; freight,
290,904), 823,760 miles. Passengers carried, 398,762; carried one mile, 14,163,578; average
mile rate, 2.49 cents. Tons freight moved, 681,900; moved one mile, 59,467,091; average
ton -mile rate, 1.24 cents.
Expenses— Maint. of Way and Structures. . .$242,755 87
Maintenance of Equipment 211,808 02
Conducting Transportation 348,271 49
General and Taxes 100,308 78
Earnings— Passenger $353,267 15
Freight 735,434 80
Mail and Express 77,428 80
Miscellaneous 37,68051
Total ($4,223.90 per mile) $1,203,811 26 Total ($3,168.93 per mile) $903,144 16
Net earnings (24.98 p. c.), $300,667.10 ; other receipts, $12,788.84— total, $313,455.94.
Deductions : Interest on 1st mtge. bonds, $190,050 ; dividends Nos. 7 and 8, on 1st preferred
stock (Nov. 5, 1900, and May 4, 1901, 2£ p. c. each), $34,200 ; dividends Nos. 4 and 5 on 2d
preferred stock (4 p. c., Nov. 5, 1900, $43,360; and 2 p. c., May 4, 1901, $21,680), $65,040—
total, $289,290. Surplus, $24,165.94; surplus forward, $324,046.67— total, $348,212.61.
General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $6,683,353 04
Securities Owned 167,500 00
Rail Leased 27,670 61
Materials and Supplies 55,403 52
Current Accounts and Balances 62,025 33
Cash 167,865 52
Total Assets $7,163,818 02
Capital Stock (see Sec. 6) $2,768,00000
Funded Debt Outstanding (see Sec. 7).. 3,801,00000
Reserve Funds 21,541 53
Taxes Accrued, not Due 19,11456
Current Liabilities, incl. Unpaid Interest. 205,949 32
Profit and Loss 348,212 61
Total Liabilities $7,163,818 02
Capital Stock. — Capital stock consists of $1,000,000 common stock, $684,000 1st preferred 5 p. c.
stock and $1,084,000 2d preferred 5 p. c. stock; shares, $100 each. The 1st preferred stock is entitled to
5 p. c. dividends, non-cumulative, and is a lien on the property subject to the lien of the 1st mtge. bonds.
The 2d preferred is entitled to 5 p. c. after payment on 1st preferred. After dividends have been paid on
1st and 2d preferred stocks, the common stock is entitled to dividends up to 5 p. c. per annum; any
surplus to be applied to the three classes of stock, pro rata.
Funded Debt.— Funded debt consists of $4,000,000 (of which $199,000 res«rved for improvements)
1st gold 5s of July 1, 1945, int. J. & J. The bonds are secured on the entire railroad and property of the
company, now owned or hereafter acquired. The mortgage also provides that the 1st preferred stock shall
constitute a lien upon the same property, second only to the hen thereby created in favor of the bonds
and coupons. A fuller description of the bonds is in the Ready Reference Bond List — see General Index.
Directors (elected Oct. 17, 1901).— T. C. Burke, J. F. Hanson, J. M. Johnston, R. M.
Rogers, W. C. Shaw, T. D. Tinsley, Macon, Ga. ; F. M. Edwards. Boston. Mass.; T. B.
Gresham, Baltimore, Md.; W. A. Merryday, Palatka, Fla.; G. W. Parrott, Atlanta, Ga.; A.
POOR'S MANUAL OF RAILROADS. 243
S. Pendleton, Valdosta, Ga. ; H. P. Smart, Savannah, Ga. ; Samuel Spencer, G. W. Maslin,
New York, N. Y.; H. H. Tift, Tifton, Ga.
SAMUEL SPENCER, President New York, N. Y.
Wm. Checkley Shaw, Vice- President Macon, Ga.
See. & 7'mzs.— Ben. C. Smith Macon, Ga. | Auditor— W. F. Buchannon Macon, Ga.
PRINCIPAL OFFICE AND ADDRESS Macon, Ga.
WEST VIRGINIA CENTRAL AND PITTSBTTRG RAILWAY COMPANY.
(For map of this road, see page 245.)
INDEX TO' STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of. . . 12
Coal & Iron Ry 3
Coal Mining Operations 8
Coal Properties 4
Coke, Shipments of 8
Directors and Officers 15
Earnings, Expenses, etc 9
Floating Equipment 7
Funded Debt, Description of ... 13
History 2
Gen . Bal . S heet, June 30, 1 901 ... 11
Gen. Balance Sheet, 1894-1901... 10
Income Account, June 30, 1901 . . 9
Income Account, 1894-1901 10
Leased Lines, Statements of 14
Mileage Operated, June 30, 1901 . 1
Operating Divisions of Company 5
Operations, Earn. & Exp 9
Operations, Capital Accounts,
etc., 1894-1901 10
Rolling Stock 6
1. Mileage Operated, June 30, 1901 (owned, 131.4 miles).
Main Line : W. Va. C. Jc. (with B. & O.) to Elkins, W. Va 84.4 miles.
Elk Garden Branch : Harrison to Elk Garden, W. Va 7.0
Davis Branch : Thomas to Davis, W. Va 6.0
Belington Branch : Elkins to Belington, W. Va 17.4
Huttonsville Branch : Elkins June, to Huttonsville, W. Va 16.6
Leased : Piedmont & Cumberland Ry.: W. Va. C. Jc. to Cumberland, Md 29.2
Total length of lines operated, June 30, 1901 160.6 miles.
2d track, 64m.; sidings (owned, 45.13 m. ; leased, 13.12 m.), 58.25 miles. Gauge, 4 ft. 84 in.
Rail (steel), 56, 60, 70, and 85 Ibs.
2. History. — Chartered Feb. 23, 1881 ; road opened from Piedmont to Mineville, 11.5 m.,
Oct. 19, 1881 ; extension to Gorman, 19.6 m., opened Aug. 1, 1883 ; extension to Thomas and
branch to Davis, a total of 24.1 m., opened Nov. 1, 1884 ; Elk Garden Branch, 7 m., opened
Dec. 17, 1888 ; extension to Elkins, 36 m., opened Aug. 18, 1889 ; Belington Branch, 17.6 m.,
and branch from Elkins Junction to Beverly, 5.56 m., opened May 1, 1892 ; extension from
Beverly to Huttonsville, 10.94 m., opened Feb. 5, 1899. (See MANUAL for 1889, page 645.)
The Piedmont and Cumberland Ry. was leased in 1894, for a term of years expiring in 1911,
at a rental of 37 p. c. of its gross earnings ; but that lease has been abrogated and a new one
made, effective July 1, 1899, which provides for a rental equivalent to the interest on the
lessor's bonded debt and dividends of 5 p. c. per annum on its capital stock. As this com-
pany owns 92.6 p. c. of such capital stock, the rental payable under the lease is reduced to
the fixed amount of $34,853 per annum. The account." of the Piedmont and Cumberland Ry.
were kept separate from those of the West Virginia Central and Pittsburg Ry. prior to July
1, 1899, but for the purpose of comparison, the operations and income of both roads are com-
bined in the tabular statement, Sec. 13.
3. Coal and Iron Ry. Co. — The Coal and Iron Ry. Co. has been organized in the
interest of this company to build the connecting link between this road and the Chesapeake
and Ohio Ry., referred to in the MANUAL for 1900, on page 399. Besides providing an outlet
south for the West Virginia Central and Pittsburg, and giving it an additional feeder, the
Coal and Iron Zly. will create a short and direct line through the State of West Virginia, con-
necting the trunk lines north and south of it, and will form a link in a through route
from Pittsburgh to Newport News. This company is constructing the road, which will
extend from Elkius south, about 45 miles to the Forks of Greenbrier River, where connection
will be made with the Greeubrier River Ry. of the Chesapeake and Ohio system. The West
Virginia Central and Pittsburg Ry. Co. owns the entire capital stock of the Coal and Iron Ry.
Co., and in consideration of such ownership has guaranteed, both as to principal and interest,
$1,000,000 of 5 p. c. bonds secured by first mortgage on the property of the same company.
4. Coal Properties. — Effective Jan. 1, 1900, the company purchased the entire capital
stock and acquired title to the properties of the Davis Coal and Coke Co., consisting of
49,952.79 acres of coal and timber lands owned in fee and a leasehold of 1,764.09 acres. Pre-
viously to this the company owned 39,635.41 acres of similar lands, making a total of
244
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
91,362.29 acres owned and leased on June 30, 1900. During the \e&r ending June 30, 1901,
there were purchased 12,500 acres additional of coal and timber lands. The company, there-
fore, now owns over one hundred thousand acres of these lands. It has also 750 dwelling
houses for its miners and other employes. With the Davis purchase the company acquired,
besides a large and well established business, ten or twelve mines in full operation and
nearly 600 coke ovens. A large area of the coal lands of the company is covered with valu-
able timber, some of which is under lease. The organization of the Davis Coal and Coke Co.
has been maintained as a medium through which to market the company's products.
5. Operating Divisions of Company. — The operations of the company are divided
into three branches— the Railway Department, the Coal Department, and the Keal Estate
Department. The Coal Department dates from Jan. 1, 1900, when the properties aud busi-
ness of the Davis Coal and Coke Co. were acquired, and the revenue to the company there-
from, since that date, is reported separately. The Real Estate Department covers all the
lands, houses, mining, and timber properties of the company. The revenue of the depart-
ment comes from rent of houses, coal and timber royalties, and other like sources, and is
stated separately in the General Income Account.
6. Boiling Stock, June 30, 1901. — Locomotives, 41. Cars — passenger, 11 ; combination
passenger, 6 ; baggage and mail, 3 ; freight (box, 152; coal hoppers, 376 ; gondolas, 1,731 ;
flat, 20 ; caboose, 15), 2,294; service, 7 — total, 2,321. Also, 1 horse and carriage.
7. Floating Equipment. — The company owns 3 barges aud 2 schooners. These vessels
are employed in carrying the company's coal from Baltimore and Philadelphia to New Eng-
land points.
8. Coal Mining Operations. — The first shipment from the company's mines was made
on Oct. 20, 1881. The total shipments of coal from all mines on the line of the road from
then until June 30, 1901, were as follows :
ELK GARDEN REGION.
UPPER POTOMAC REGION.
ROARING
CREEK
REGION.
Total Tons.
Year.
d
*%
S|
O
.as .
V>£3 '/;
• «- O
?• o a
.^•a
Ǥ
Davis and
Elkins
(Windom).
Atlantic.
ftd
SJ5
li
Switch
Back.
1
Q
Thomas.
Douglas.
t- -/
« o>
•S £
eg
Junior.
Ouster and
Harding.
*1881.
1882.
1883.
1884.
1885.
1886.
1887.
1888.
1889.
1890.
1891.
tl892.
J1893.
J1894.
£1895.
t!896.
£1897.
J1898.
J1899.
$1900.
$1901 .
Totals.
11,372
228,294
261,075
375,590
268,780
211,852
259,354
356,259
353,216
414,547
420,503
183,715
359,195
292,000
392,909
436,477
369,590
331,689
339,678
336.331
307,141
11,372
257,068
330.017
458,760
401.350
346.929
448,821
563,598
560,345
700,240
823^74
400,136
816,649
748.431
891,127
f'92,623
1,053.460
1.108,729
1.260.023
1.460,044
1.410.578
28,774
68,942
83,170
65,792
50,686
59,801
30,407
1,737
5,926
2,603
1,812
4,741
10,735
59,269
168,507
178,434
135,403
193.951
403,018
369,918
57,213
63,715
107,605
97,285
8,434
17,904
18,287
69,297
99,771
111,477
141,142
56,572
97,767
92.757
45.001
35.590
72,320
65,008
62,435
76,123
141,491
1,131
2,772
3,774
10,350
23,320
30,495
55,888
43,120
95,536
117.681
125,781
202.074
252,594
341.098
389,031
447,402
377,684
18,671
73,384
88,576
32,356
80,097
50,590
82.158
42.383
62,934
63,121
92,192
25,361
42.759
43,472
5-2.323
13,837
696
' ' '562
4,238
32,727
33,187
30,059
39.839
99,380
162,319
146,626
49,524
51,617
5,718
20,410
31,834
36,415
36.467
5,489
"'443
15.146
31.577
65,296
51,447
49,760
35.596
47,313
42.841
100.289
107.847
106,508
1,290
1.604
61 2
2.57V
7,517
2.979
1.51 i.3
7,787
"l68
363
2.641
5.235
5.926
10.207
25.890
30.351
27.990
27,270
20,542
884
7.395
8.4<)5
1.061
152
20
23
12.529
35,066
6,509,567
1,923,626
468,815
721,817
650,018
136,776
1,211,376
2,519,731
653,620
26.788
156.415
65.625
15,044,174
30.
* Oct. 20 to Dec. 31, 1881 ; from 1882 to 1891, inclusive, years ending Dec. 31. t Six months ending June
} Years ending June 30.
The total shipments of coke from all ovens on the line of the road from July, 1887,
when the first shipment was made, to June 30, 1901, were as follows : From Thomas ovens,
172,560 tons ; from Coketon ovens, 1,192,250 tons ; from Douglas ovens, 323,359 tons ; from
Custer ovens, 1,098 tons; from Junior ovens, 31,380 tons; from Harding ovens, 16,906
tons ; an aggregate of 1,737,553 tons.
245
246
POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
9. General Income Account, year ending June 30, 1901 (160.68 miles).
Kerning*— Passenger $178,170 74
Coal and Coke 508,37587
Merchandise 878,37588
Mail and Express 25,a38 74
Miscellaneous 91,41987
Expenses— Maint. of Way and Buildings.. . . $234,10948
Maintenance of Equipment 161,101 84
Conducting Transportation 282,908 19
General Expenses 44,856 19
Taxes 35,190 90
Total ($7,357.36 per mile) $1,182,18105 Total ($4356.81 permilel $748,25655
Net earnings (36.71 p. c.), $433,924.50. Deductions : Interest, $126,744.74 ; rental of
-'leased road (P. & C. Ry.), $44,005 — total, $170,749.74. Net income from railway opera-
tions, $263,174.76. Add income from other sources : Coal department, $503,655.55 ; real
eatate department, $100,741.84— total, $604,397.39. Total net income for year ($867,572.15;
less dividend No. 16, paid first sixth months of fiscal year, $150,000), $717,572.15 ; add sur-
plus from last year ($1,365,307.02 ; less dividend No. 15, $150,000), $1,215,307.02— total sur-
plus, June 30, 1901, $1,932,879.17.
1O. Statement of operations, capital accounts, etc., for eight fiscal years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles Operated (average) . . .
Train Mileage— Passenger .
Freight
Mixed
Total Revenue Mileage.
Passengers Carried
151.64
185,537
234,416
25,834
151.64
181,244
267,937
29,055
151.64
177,094
330,123
23,770
151.64
175,452
309,772
22,958
151.64
177,417
320,486
22.825
154.22
189,102
312,841
23,513
160.68
221,270
359,619
8,686
160.68
233.863
323.870
8.212
445,787
189,264
3,660,365
1,175,361
65,952,817
$
102,533
468,669
127,946
478,236
182,268
3,507,954
1,435,971
76,544,060
$
97,672
534,537
128,358
530,987
194,785
3,760,856
1,680,867
93,496,253
$
104,496
633,929
117,487
508,182
192,111
3,567,881
1,693,949
96,125,514
101,557
632,629
108,606
520,728
193,685
3,647,877
1,888,571
110,075,341
$
102,633
640,603
145,060
525,456
209,127
3.710.152
2,112,218
124.367,110
$
105,514
694,373
145,305
589,575
273,847
4,865,003
2.4U4.471
143,302422
$
138,473
840,980
138,124
565,945
343,092
iJ.342.5iW
2,289,140
132-170,475
$
178,171
886,752
117,258
Passenger Mileage
Freight (.tons) Moved
Freight (ton) Miles
Earnings — Passenger
Freight
Other
Gross Earnings
699,148
402,775
750,567
425,030
855,912
502,336
842,792
521,209
888,296
559,332
945,192
568,519
1,117,577
664,780
1,182,181
713,066
Operating Expenses
Net Earnings
296,373
84,388
325.437
83,039
353,576
102,607
321,583
77,665
328,964
78,457
376,673
70,880
452,797
344,139
469,115
604,397
Other Receipts
Net Income
380,761
180,000
82,500
112,184
408,476
180,000
82,500
123,614
456,183
180,000
55,000
149,297
399,248
180,000
27,500
125,221
407,421
183,000
55,000
127,978
447.553
193,625
82,500
133,546
796,936
201,701
150,000
94,106
1,073,512
126.745
150,000
79,195
Payments — Interest
Dividends
Other
Total Payments
374,684
6,077
4,610 59
2,649 80
1,960 79
57.61 p. c.
2.76 c.
0.71 c.
122.40
155.78
29
17
1,792
$
6,000,000
3,000,000
90,185
145,000
121,385
706,576
386,114
22,362
4,937 94
2,796 91
2,141 03
56. 64 p. c.
2.74 c.
0.70 c.
122.40
157.18
29
17
1,792
$
6,000,000
3,000,000
90,815
192,240
119.306
728,939
384,297
71,886
5,631 00
3,304 84
2,326 16
58. 69 p. c.
2.75 c.
0.68 c.
122.40
158.16
32
18
1,870
8
6,000,000
3.000,000
90,365
218,680
160,912
773,325
332,721
66,527
5,544 68
3,429 01
2,115 67
61. 84 p. c.
2.79 c.
0.66 C.
122.40
158.31
32
18
1,921
$
6,000.000
3,000,000
90,485
283,820
141,795
812,353
365,978
41,443
5,844 05
3,679 81
2,164 24
62.97 p. c.
2.77 C.
0.58 c.
122.40
161.40
35
16
2,069
$
6,000.000
3,100,000
93.335
167,791
163,463
881,296
409,671
37,882
6,137 61
3,691 68
2,445 93
60. 15 p. C.
2.80 c.
0.56 C.
131.80
173.00
36
16
2.142
1
6,000,000
3,250,000
97,300
135,000
172,220
946.677
445,807
351,129
6,955 28
4,137 29
2,817 99
59.48 p. C.
2.81 C.
0.58 c.
131.40
175.20
39
16
2,215
$
10,000,000
3,250,000
97,330
295,000
580,815
1,365,307
355,940
717,572
7,357 36
4,656 81
2,700 55
60.32 p. c.
2.78 C.
0.68 C.
131.40
182.97
41
20
2,301
$
10,000,000
3,250,000
97,750
190,000
542.903
1,932,879
Balance, Surplus. .
Gross Earnings per Mile . . .
Operating Exp. per Mile . . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile..
Miles RR. Owned
Miles Track Owned
Locomotives
Passenger and Baggage Cars
Freight, and Other Cars
Capital Stock
Funded Debt
Coupons
Bills Payable
Current Account*
Profit and Loss
Total Liabilities
10,063,146
2,489,144
1,208,068
6,022,508
65,093
10,131,300
2,503.550
1.203,068
6,053,634
62,256
10,243,282
2,535,708
1,272,112
6,056,892
58,107
10,328,453
2,561,774
1.293,571
6,071,317
58,107
10,405,885
2,567,777
1.378.302
6,083,747
54,219
10,601,197
2,685,511
1,430,803
6,081.680
49,758
15,588,452
2,697,131
1,586.995
8,729,279
568,497
629,600
209,717
1,001,765
165,468
16,013,592
2,742,603
1,750,192
8,908,128
686,171
650.525
317.444
713,918
244,611
Railroad Construction . ...
Equipment
Real Estate, etc
Other Property
Stock of P. & C Ry Co
Materials, etc
89,659
82,371
111,303
72,571
103,584
132,637
82,706
90,739
147,018
108,366
75,318
160,000
117.233
56,873
147,734
116,744
121,071
115,630
Current Accounts
Cash
Total Assets
10,063,146
10,131,300
10,243,282
10,328,453
10,405,885
10,601,197
15,588,452
16,013,592
POOK'S MANUAL OF RAILROADS.
247
11. General Balance, Sheet, June 30, 1901.
Railroad Construction $2,742,602 74
Rolling Stock, Float. Equipment, etc.. 1,750,192 31
Real Estate 8,570,39647
General Office Buildings, etc.
Telegraph and Telephone Lines
Mining Plants ,
Coke Ovens
Materials, Supplies, etc
P. & C. and Coal & Iron Ry. Co. Stocks..
Accounts Receivable, etc
Cash on Hand
337,731 50
14,378 34
489,970 59
181,822 51
317,443 55
650,525 00
713,918 23
244,611 06
Total Assets $16,013,592 30
Capital Stock ($100 shares) $10,000,00000
Funded Debt Outstanding 3,250,00000
Coupons 97,75000
Bills Payable 190,(lO() 00
Accounts Payable, etc 542,963 13
Profit and Loss 1,932,879 17
Total Liabilities $16,013,592 30
12. Capita.! Stock. — The company has authority from the Legislature of West Virginia to increase
its capital stock from time to time up to a total of $25,000,000 (see Manual for 1901, page 390). In Aug.,
1901, the stockholders authorized the issuing of $5,000,000 new stock, $1,000,000 of which was placed at
the disposal of the directors, to purchase the stock of the Piedmont and Cumberland Ry. and of the
Buxton and Landstreet Co., and for other purposes. The remaining $4,000,000 was reserved for other cor-
porate purposes.
13. Fnnded Debt.— The funded debt outstanding on June 30, 1901, consisted of ($3,600,000 auth.,
at rate of $25,000 per mile) 1st go'ld 6s of July 1, 1911. The bonds are secured by a first and only mortgage
on the entire property of the company, whether now owned or hereafter acquired. Additional particulars
respecting them are in the Ready Reference Bond List — see General Index.
14. RAILKOADS OWNED OB LEASED BY THE W. V. C. & P. RY. Co.
Coal and Iron Ry.— Under construction from
Elkins to Durbin, W. Va., 45 miles, to connect the
W. V. C. & P. Ry. with the C. & O. Ry. Chartered
Dec. 14, 1899; rond will be completed In the fall
of 1902. Will be operated by the W. V. C. & P. Ry.
Co. All the stock of this company is owned, and
its bonds are guaranteed, both principal and interest,
by the W. V. C. & P. Ry. Co. Financial Statement,
June 30, 1901. — Capital stock subscribed ($2,000,000
auth.; $100 shares), $100,000. Funded debt (1st 5s
of 1920), $1,000,000. (Full particulars respecting
the bonds are in the Ready Reference Bond List — see
General Index. ) H. G. Davis, Pres. ; S. B. Elkins,
Vice-Pres., Elkins, W. Va.; C. M. Hendley, Sec. &
Treas., Washington, D. C.
Piedmont and Cumberland Ry.— W. Va.
June., near Piedmont, to Cumberland, Md., 28.85 m.;
Keyser Spur, 0.39 m.— total, 29.24 miles. Chartered
April 7, 1886: road opened Aug. 1, 1887. Leased to
the W. Va. C. & P. Ry. Co., at a rental equivalent
to interest on bonds and 5 p. c. on stock. Balance
Sheet. June 30, 1901. — Capital stock ($50 shares),
$650,000; funded debt (1st 5s of 1911), $650.000;
unfunded debt. $13.792; profit and loss, $109,755 —
total, $1.423.547. Contra: Cost of road, etc., $1.404,-
003; cash and cash assets, $19,544 — total, $1,423,547.
The W. V. C. & P. Ry. Co. owns $595,600 of the
capital stock. H. G. Davis. Pres., Elkins, W. Va. ;
T. B. Davis, Vice-Pres., Keyser, W. Va.; C. M.
Hendley, Sec., Washington, D. C. Office, Elkins,
W. Va.
15. Board of Directors, West Virginia Central and Pittsburg Ry. Co., elected August 13, 1901.
R. C. Kerens St. Eouis, Mo.
John A. Hambleton. Baltimore, Md.
H. G. Davis Elkins, W. Va.
S.B. Elkins...
F. S. Landstreet Davis, W. Va.
Arthur P. Gorman Laurel, Md.
T. B. Davis Keyser, W. Va.
HENKY G. DAVIS, President Elkins, W. Va.
Stephen B. Elkins, Vice- President " "
Sec. & Asst. to Pres.—G.ti. Hendley.. Washington. D.C. | Treasurer— Arthur Lee Elkins, W. Va.
Auditor — George D. Woodrow Elkins, W. Va.
PRINCIPAL OFFICE Elkins, W. Va.
Baltimore Office. .Continental Trust Bldg.
Washington Office. . . .1517 H St., N. W.
New York Office 1 Broadway.
Philadelphia Office Room 905, Land
Title Building.
ABERDEEN AND ASHEBORO RY.— Aberdeen to Asheboro, N. C., 55.2m.; BiscoetoMt. Gilead,
N. C., 21.3m.; West End to Jackson Springs, N. C. (Jackson Springs RR.), 4.10— total. 80.7m.; total track (steel;
40 and 50 Ibs.), 82.0 miles. Gauge, 4 ft. 9 in. Consolidation of the Aberdeen and West End and the Asheboro
and Montgomery RR. Cos. (See MANUAL for 1899, page 467.) The extension to Mt. Gilead was completed
about Jan. 1, 1899. The Jackson Springs RR. (chartered Oct. 1, 1900) is operated by this company. Locomotives,
D. Cars— passenger, 7 ; freight (flat), 30 — total, 37.
Operations, year ending June 30, 1901.— Earnings (passenger, $20,342; freight, $117.814; other, $947),
$139,103. Operating expenses, $91,086. Net earnings, $48,017. Payments : Interest on bonds. $6.000 ; taxes,
$1,849; permanent improvements. $23,693 ; dividends, «21. 152— total, $52,694. Deficit for year, $4,677; surplus
forward, $6,009 ; net surplus, $1,332.
Financial Statement, June 30, 1901.— Capital stock paid in ($650,000 anth.; $100 shares). 8250,000.
Funded debt (1st 6s of Jan. 1, 1910, int. J. & J.), $80,000. Current liabilities, $1,000. Cost of road, etc., $415,-
243. Balance of cash assets, $5,000.
Directors.— H. A. Page, N. A. McKeithen, Aberdeen, N. C.; A. W. E Capel, Troy, N. C.; R. N. Page, J
R. Page, Frank Page, Biscoe, N. C.; W. H. Page, New York, N. Y. OFFICERS : H. A. PAGE, Pres., Aberdeen, N.
C.; R. N. Page, Sec. & Treas.; Frank Page, And., Biscoe, N. C. GENERAL OFFICE Aberdeen, N. C.
ABERDEEN AND ROCKFISH RR.— Aberdeen to Townsend, N. C., 30m.; Junction to Endon,
N. C., 8.50 m.— total, 38.5 miles. Gauge, 4 ft. 9 in. Rail (steel), 40 Ibs. Chartered June 22, 1892; road opened to
Endon, June 30, 1895 ; extended 11.75 m. in 1900. Locomotives, 3. Cars— passenger, 2.
Operations, year ending June 30, 1901.— Gross earnings, $49,795. Operating expenses, $18,661. Net earn-
243 POOR'S MANUAL op RAILROADS — SOUTH ATLANTIC GROUP.
tugs, $31,134. Deductions : Interest on debt, $645 ; taxes, $677 ; permanent improvements, $1,567— total, $3,888.
Surplus, $28,244.
Financial Statement, June 30, 1901.— Capital stock paid in (§145,000 anth.; $50 shares), $100,000.
Funded debt, $.V).iK)ii. < 'OM of ''""'I and equipment, $132,913. Balance cash assets, $34,820.
Directors. -John Blue, N. 8. Blue, N. A. McKeithen, A. D. McLean, Aberdeen, N. C.; R. N. Page, Biscoe,
N. C.; J. A. Blue, Timberland, N. C. OFFK KI:S : JOHN BLUE, Pres. & Gen. Mgr.; N. S. Blue, Sec. & Treat.;
O. H. Policy, And., Aberdeen, N. C. GENERAL OFFICE, Aberdeen, N. C.
ALBANY AND NORTHERN RY.— Albany to Cordele, Ga., 35m.; branch: Albany St. Ry., 1.68
m.— total, 36.68 in.; total track (steel ; 00 Ibs.), 39.18 miles. Gauge, 4 ft. 9 in. Reorganization, Nov. 1, l«'.»5, of
the Albany, Florida and Northern Ry. Co., wbose property was sold under foreclosure Feb. 28, 1895. (See MANUAL
for 1895, page 180.) Locomotives, 3. Cars— passenger, 2 ; baggage, etc., 1 ; freight (box, 4 ; flat, 8), 12— total, 15.
One of the locomotives and all of the cars are held under car trust.
Operations, year ending June 30, 1901.— Trains run (passenger, 29,690 ; freight, 2,075 ; mixed, 21, 910 ; other,
1,000), 54,675 miles. Passengers carried, 33.969 ; carried one mile, 560,978. Tons freight moved, 63,360 ; ton-
miles, 1,424,025. Earnings (passenger, $17,532 ; freight, $41,526; other, $1,605), $60,663. Operating expenses,
$43,228. Net earnings, 817,435 ; other receipts, $904— total, $ltt,339. Payments : Interest on debt, $1,707 ; taxes,
$2,192 ; other charges, $ll,000-total, $14,899. Surplus, $3,440.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), §350,000; funded debt (1st 5s of Jan.
1, 1946, int. J. & J.), $400.000 ; current liabilities, $7,144 ; interest accrued, $20,000— total, $777,144. Contra : Cost
of road and equipment, $760,793 ; materials, etc., $500 ; cash and current assets, $8,589 ; profit and loss, $7,202
—total, $777,144.
Directors.— Henry P. Talmadge, New York, N. Y.; Luther S. Bent, Philadelphia, Pa.; T. Edward Ham-
bleton, Frank S. Hambleton, Baltimore, Md.; Morris May er, T. M. Carter, Morris Weelosky,S. B. Brown, Albany,
Ga.; one vacancy. OFFICERS : T. EDWARD HAMBLETON, Pres., Baltimore, Md.; J. S. Crews, Treas., Avd. &
Gen. Hgr., Albany, Ga.; W. F. Clarke, Sec., Americus, Ga. GENERAL OFFICE, Albany, Ga.
Nov. 27, 1899. The branch from Morgan to Phillips Run was abandoned in 1901. The road is op'erated for freight
traffic only. The company owns 1 locomotive and 21 flat freight cars. No balance sheet furnished.
Directors (elected Dec. 29, 1900).— J. J. Holloway, D. C. List, Jr., Wheeling, W. Va.; J. B. Hart, C. M.
Hart, H. T. Wilson, Clarksburg, W. Va. OFFICERS : J. J. HOLLOWAY, Pres., Wheeling, W. Va. ; J. B. Hart. Vice-
Pres.: H. T. Wilson, Gen. Mgr.; C. M. Hart, Sec. & Treas., Clarksburg, W. Va. GENEBAL OFFICE, Clarksburg,
W. Va.
ATLANTA, KNOXVILLE AND NORTHERN RY.— Marietta, Ga., to Knoxville,Tenn., 203.81
m.; Blue Ridge, Ga., to Murphy, N. C., 23.45 m.; trackage (K., C. G. & L. Ry.), Bridge June, to Knoxville, Tenn.,
0.84 m.— total, 228.10 m.; total track (steel, 238.63 m.), 248.63 miles. Gauge, 4 ft. 9 in. Rail— iron, 40 Ibs.; steel,
40 to 80 Ibs. Chartered June 4, 1896, as successor to the Marietta and North Georgia Ry. Co. (See MANUAL for
1894, page 176.) Locomotives, 22. Cars— passenger, 11: baggage, mail, and express, 5; freight (box, 26; stock, 6;
flat, 107; coal and gondolas, 105), 244; service, 39— total, 299.
Operations, year ending June 30, 1901.— Trains run (passenger, 165,625 ; freight, 842.659 ; other, 125,200),
533,484 miles. Passengers carried, 136,342 ; carried one mile, 3,885,747. Tons freight moved, 256,213 ; ton-
miles, 23,955,916. Earnings (passenger, §102,613 ; freight, $351,480 ; other, $28,502), $482,595. Operating expenses,
$331,838. Net earnings, $150,757 : other receipts. $4,733-total, $155,490. Payments: Interest on bonds, $152,-
567 ; other interest, $4,421 ; taxes, $11,972 ; interest on delayed payments for property, $19,511 ; improvements,
$329,578— total, $518,049. Deficit, $362,559 ; deficit forward, $61,323— total, $423,882.
General Balance Sheet, June 30, 1901.— Capital stock (§100 shares), $3,000,000 ; funded debt, $3,000.000;
delayed payments cost of property, $117,911 ; current liabilities, $356,989 ; interest accrued, not due, $4.107 ;
other liabilities, $6,848— total, $6,485,915. Contra: Cost of road and equipment, $5,500,000; 1st mtge. bonds in
treasury, $500,000; materials, etc., $29,386; cash and current assets, $32,647 ; profit and loss, $423,882— total,
§6,485,915.
Funded Debt, June 30, 1901, consisted of $1,000,000 1st gold 5s of Dec. 1, 1946, and $1,500,000 2d mtge.
income bonds of 1940. Since June 30, 1901, an issue of §1,500,000 of preferred stock has been made, to retire me
2d mtge. income bonds, dollar for dollar, and up to March 1, 1902, §1.499.000 of the bonds were so retired, and a cor-
responding amount of preferred stock issued. A new issue of $2,280.000 1st mtge. 4s has been authorized for the
purpose of retiring the $1,000,000 1st mtge. 5s and of improving the property.
Directors (elected Jan. 8, 1902).— Henry K. McHarg, Walton Ferguson, Stamford, Conn.; Horace Porter,
New York, N. Y.; Alex. W. Smith, E. C. Spalding, Henry S. Johnson, Atlanta, Ga.; John B. Newton, Marietta,
Ga. OFFICERS: HENRY K. MCHARG, Pres., 40 Wall St., New York, N. Y.; E. C. Spalding, Vice-Pres., Atlanta,
Ga.; H. W. Oliver, Sec., Treas. & Aud.; John B. Newton, Gen. Mgr., Knoxville, Tenn. GENERAL OFFICE,
Knoxville, Tenn.
ATLANTIC AND BIRMINGHAM RR.— In operation, June 30, 1901 : Waycross to Fitzgerald,
Ga., 70.4 m. Gauge, 4 ft. 8% in. Rail (steel), 56 and 60 Ibs. Chartered as Waycross Air-Line RR. Co., Oct. 24,
1887; road opened from Waycross to Sessoms, 25 miles, in 1890; extended from Sessoms to Nicholls in 1897; from
Nicholls to Douglas in 1900; from DouglaS to Fitzgerald in 1901. The project is for a line from Fernandina,
Fla., or St. Marys, Ga., to Birmingham, Ala., with a branch to Brunswick, Ga., a totaj distance of about 400 miles.
The present corporate title was adopted on Dec. 1, IflOl, and an extension from Fitzgerald to Cordele, Ga., 38
miles, was completed and opened for traffic on May 25, 1902. An extension from Cordele to Montezuma, Ga.,
31 miles, is under construction, and surveys are being pushed from Montezuma to Birmingham. Equipment,
June 30, 1901.— Locomotives, 6. Cars— passenger, 5 ; combination, 1 ; freight (box, 50 ; flat, 14), 64 ; service, 4 —
total, 74.
Operations, year ending June 30, 1901.— Trains run (passenger, 56,020 ; mixed, 69,300), 125.320 miles.
Passengers carried, 44,581. Tons freight moved, 61,644. Earnings (passenger, $25,855 : freight, §51,323; other,
$4,292), $81,470. Operating expenses, $54,909. Net earnings, $26,561. Paid interest, $23,272. Surplus, $3.289.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($504,000 common ; $700,000 preferred;
$100 shares), $1,204,000; funded debt (1st gold 5s of Julyl, 1920), $500,000; current liabilities, S7.403 ; profit
and loss, $71,847— total. $1,783,250. Contra : Cost of road and equipment, $1,450,623 ; bonds in treasnry, S^xi,-
000 ; expended on Cordele Extension, $6.450; cash on hand, $121.582 ; bills receivable, $4,595— total. SI -
Capital Stock and Funded Debt.— Capital stock authorized, $1,604,000. consisting of $8i»4,000 common
stock and $800,000 non-cumulative 5 p. c. preferred stock. The amount of bonds auth- ri/.t'd is $1.400.000. the
unissued bonds being reserved for extensions at the rate of $5,000 per mile. Of the $500.000 outstanding bonds,
$150,000 are prior in lien to the rest, but the company reserves the right to redeem these prior lien bonds after 5
years at 110 p. c. and accrued interest, and to replace them with bonds without, the prior lien feature.
Directors (elected Aug. 5, 1901).— W. G. Raoul, New York, N. Y.; James Swann, Atlanta, Ga.; J. F.
Minis, Savannah, Ga. : W. W. Beach, A. Sessoms, W. B. Albertson, Geo. Dole Wadley, Waycross, Ga. OFFICERS:
W. G. RAOUL, Pres., New York, N. Y.; Geo. Dole Wadley, Vice-Pres.; W. J. Swain, Sec.; 1st Nat. Bk., Treas.,
Waycross, Ga. GENERAL OFFICE, Waycross, Ga.
POOR'S MANUAL OF RAILROADS. 249
ATLANTIC AND NORTH CAROLINA RR.— Morehead City to Goldsboro, N. C., 95 m.; total
track, 99 miles. Gauge, 4 ft. 9 iu. Kail (steel, 95 m.), 50 and 56 Ihs. Chartered in 1853 ; road opened in 1858.
The State of North Carolina owns $1,2(36,500 of the capital stock of the company. (See MANUAL for 1888, page
558.) Under the system which obtains in voting the stock of this road the State, although the owner of 70 per
cc-nt. of the capital stock, is entitled to only 350 votes, while the private stockholders may cast about 700 votes.
$237,956. Operating expenses, $152,035. Net earnings, $85,921 ; other receipts, $2,589— total, $88,510. Payments:
Interest on bonds, §19,500 ; other interest, $3.029 ; taxes, $10,020 ; permanent improvements, $57,793— total,
$90,312. Deficit, $1,833; surplus forward, $9,774 ; deductions for year, $2,884 ; net surplus, $5,058.
General Balance Sheet, June 30, 1901.— Capital stock ($1,800,000 auth. ; $100 shares),Sl, 797,200 ; funded
drlit. (1st 6s of July 1, 1917, int. J. & J.), $325,000; current liabilities, $73,210; profit and loss, $5,058— total,
$8,300,468. Contra: Cost of road and equipment, $2,177,028; cash and current asset?, $23,440— total, $2.200,468,
Directors (elected Sept. 26, 1901).— For the State : James A. Bryan, New Bern, N. C.; L. Harvey, Kinston,
N. C.; Lewis G. Daniels, Bayboro, N. C.; C. M. Busbee, W. H. Smith, J. 0. Parker, T. W. Dewey, R. W. Taylor,
For the Stockholders : C. E. Foy, New Bern, N. C.; Henry Weil, Goldsboro, N. C.; E. C. Duncan, Beaufort,
N. C. ; Dempscy Wood, Palling Creek, N. C. OFFICERS: JAMES A. BRYAN, Pres.; M. Manly, Sec., Treas. &
Purch. Agt.; S. I. Wooten, And., New Bern, N. C. GENERAL OFFICE, New Bern, N. C.
ATLANTIC, VALDOSTA AND WESTERN RY.— Jacksonville, Fla., via Crawford, F!a., to
Valdosta. Ga., 118.2m.; total track (steel; 70 Ibs.), 133.78 miles. Gauge, 4 ft. 8* in. Rail (steel), 70 Ibs. Char-
tered Nov. 1, 1897; road opened throughout on July 1, 1899. Locomotives, 12. Cars— passenger. 6; baggage,
etc., 3; fieight (box, 100; flat, 300), 400; service, 6— total, 415. Of this equipment, 7 locomotives, 3 baggage, etc.,
cars, 90 box and 250 flat cars, are held under equipment trusts, and 1 locomotive is leased.
Operations, year ending June 30, 1901.— Trains run (passenger, no returns ; freight), 93,545 miles. Tons
freight moved, 58,466; ton-miles, 3,770,509. Earnings (passenger, $25,361 ; freight, $66,449; other, $9,283), $101,093.
Operating expenses, S~(5,424. Net earnings, $24,669.
Financial Statement, June 30, 1901.— Capital stock, $2,000,000; funded debt outstanding, consists of
$1,282,000 1st gold 5s of March 1, 1949, int. M. & S.— total stock and bonds, $3,282,000. Capital stock authorized
is $3,500,000 in $100 shares, consisting of $1,750,000 common stock and $1,750,000 preferred stock. On June 30,
1901, equal amounts of each of these classes were outstanding. A general balance sheet dated June 30, 1900, is
in the MANUAL for 1901, on page 393.
Directors.— Walton Ferguson, Walton Ferguson, Jr., G. S. Baxter, New York, N. Y.; E. C. Long, E. P. S.
Denmark, E. C. Spalding, Alexander W. Smith, all of Georgia. OFFICERS: WALTON FERGUSON, Pres., New York,
N. Y.; E. C. Long, Vlce-Pres. & Gen. Mgr., Jacksonville, Fla.; Walton Ferguson, Jr., Treas.; E. C. Weeks, Sec.
& Asst. Treas., New York, N. Y. GENERAL OFFICE, Valdosta, Ga. New York Office, 18 Wall Street.
AUGUSTA AND SUMMERVILLE RR.— At Augusta, Ga., connecting the roads entering that
city with one another and with industries in and near Augusta, 2 miles. Gauge, 4 ft. 9 in. Rail (steel), 65 Ibs.
Chartered March 20, 1866, for 30 years ; charter renewed for 50 years. Road opened Jan. 9, 1868. Owned and
operated jointly by the Southern Ry. Co., Central of Georgia Ry. Co., Atlantic Coast Line RR. Co., and Georgia
RR. Co. Capital stock ($100 shares), $200,000.
Directors.— E. G. Mosher, Thos. K. Scott, Augusta, Ga. ; John M. Egan, Savannah, Ga.: J. R. Kenly,
Wilmington, N. C.; J. S. B. Thompson, Atlanta, Ga. OFFICERS : E. G. MOSHEB, Pres. & Treas.; J. A. Best, Sec.,
Augusta, Ga. GENERAL OFFICE, Augusta, Ga.
BEAVER CREEK RR.— Projected : Davis to Petersburgh, W. Va., 43 miles. Completed up to Jan.
1, 1901 : Davis to Stony River, 19 miles. Gauge, 4 ft. 8} in. Rail (steel), 60 Ibs. Incorporated in 1893 ; road built
previously by the Beaver Creek Lumber Co. Locomotives, 3. Cars— freight (flat), 1 ; other, 40— total, 41. Capi-
tal stock ($100 shares), $5,000,000. Cost of road, $120,000. Trustee of bonds : Germantown Trust Co., German-
town, Pa.
Directors. — Jonathan Evans, David Scull, D. C. Wharton Smith, Henry W. Stokes, Walter Cope, Samuel
Mason, Philadelphia, Pa.; one vacancy. OFFICERS: Vacancy, Pres.; Samuel Mason, Sec. & Treas., Philadelphia,
Pa. ; J. A. G. Allen, Gen. Mar., Davis, W. Va. OFFICES, Witherspoon Building, Philadelphia, Pa., and Davis,
W.Va.
BELING-TON AND BEAVER CREEK RR.— Belington, W. Va., to Stannton, Va., 120 miles.
Completed up to July 1, 1900: Belington to Weaver, W. Va., 6 miles. Gauge, 4 ft. 8* in. Rail (steel), 60 Ibs.
Incorp. Dec. 6, 1899. Locomotive, 1. Cars (freight), 20. Capital stock, authorized and subscribed, $200,000.
Directors.— H. A. Weaver, C. A. Bickett, Chicago, III.; F. P. Rease, Charles Brandenburg, Belington, W.
Va.: W. R. Kramer, Lewisburg, Pa. OFFICKRS: H. A. WEAVER, Pres., Chicago, 111.; F. P. Rease, Vice-Pres. &
Supt., Belington, W. Va.; C. A. Bickett, Treas., Chicago, 111. GENBRAL OFFICE, Belington, W. Va.
BENWOOD AND WHEELING CONNECTING RY.-Projected, 9.7 m.; completed up to
Nov. 1, 1901, 4.8 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered Jan. 30, 1900. The company is the
lessee of the tracks and equipment formerly operated by the National Tube Co., Riverside Department. It per-
forms switching service between the various railroads entering Benwood, W. Va., and supplies terminal facilities
to the industries located on the east bank of the Ohio River. Locomotives, 6. No cars. Capital stock paid in
($1,000,000 auth.; $100 shares), $50,000.
Directors.— F. J. Hearne, John D. Culbertson, Pittsburgh, Pa.; L. E. Sands, J. N. Vance, N. B. Scott,
Wheeling, W. Va. OFFICERS : F. J. HEARNE, Pres.; John D. Culbertson, Sec. <fcj Treas.- 3. F. Townsend,
Traffic Mgr., Pittsburgh, Pa.; F. H. Crockard, Mgr., Wheeling, W. Va. GENERAL OFFICE, Benwood, W. Va.
BIG STONE GAP AND POWELL'S VALLEY RY.— At Big Stone Gap, Va., 4.5 miles. Rail
(steel), 30 Ibs. Gauge, 4 ft. 8£ in. Chartered Feb. 24, 1890 ; road opened in Nov., 1890. Locomotives, 2. Cars-
passenger, 1 ; baggage, etc., 1 : freight (flat), 3— total, 5.
Operations, year ending June 30, 1901.— Earnings (passenger, $4,745 ; freight, $2,854), $7,599. Operating
expenses, $5,037. Net earnings, $2,562. Paid taxes, $172. Surplus. $2,390.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($500,000 anth.; $100 shares), $60,000;
funded debt (1st gold 6s of Jan. 1, 1908), $3,500 ; current liabilities, $5,210 : profit and loss. $2,562— total, $71,273.
Contra : Cost of road, $49,695 : equipment, $5,896 ; lands owned, $3,267 ; cash and current assets, $5,161 ; profit
and loss, $15,385— total, $79,404.
Directors.— R- A. Ayers, D. B. Wentz, R. P. Borron, H. C. McDowell, Big Stone Gap, Va.; J. S. Wentz,
Mauch Chunk, Pa. OFFICERS : R. A. AYERS, Pres.; D. B. Wentz, Vice-Pres.; R. P. Borron, Sec. & Treas.: J. B.
Ayers, And., Big Stone Gap, Va.; J. L. Wentz, Gen. Mgr., Mauch Chunk, Pa. GENERAL OFFICE, Big Stone
Gap, Va.
BIG STONY RY.-Interior, Va., to junction N. & W. Ry., 10 m.; total track (steel ; 56 Ibs.), 10.75
miles. Gauge, 4 ft. 9 in. Chartered under the laws of Virginia ; road opened in Nov., 1896. Leased to the
250 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Porterfleld Lumber Co. Operations not reported. The company owns 1 combination car and rents other equip-
ment.
Financial Statement, June 30, 1900 (latest rendered) .—Capital stock paid in ($500,000 anth. : $100
shares), $5,000 ; funded debt, 1st mtge. 5 p. c. bonds issued in 1894, 8200,000— total stock and bonds, $205,000.
Cost of road, $140.000 ; rolling stock, $200 ; real estate, $1,000— total to June 30, 1899, $141,200. The bonds
were issued as collateral security and given to contractors for building the road. Conpons for five years have
been clipped from them and no interest has been paid.
Directors.— Frank Woodman, A. D. Mead, W. E. Brooks, E. C. Dawley, Charleston, W. Va. OFFICERS :
E. C. DAWLEY, Pres.; Frank Woodman, Sec., Treas. & Gen. Mgr., Charleston, W. Va. GENERAL OFFICE, Charles-
ton, W. Va.
BLUE RIDGE BY.— Anderson to Walhalla, S. C., 34.02 miles. Gauge, 4 ft. 9 in. Chartered in 1852, as'
Blue Ridge RR. Co., and road opened in ia59. The St§te of South Carolina supplied the means for constructing
the road ; cost about $2,100,000. This road was formerly controlled by the Richmond and Vfceet Point Terminal
Co., but was not included in the reorganization which resulted in the formation of the Southern Ry. Co. The
road was sold under foreclosure on June 15, 1901, and the present company (which refuses all information) wan
organized by the purchasers.
Operations, year ending June 30, 1901.— Trains run (passenger, 24,820 ; mixed, 21,184), 46,204 miles. Pas-
sengers carried, 41,313. Tons moved, 85,823. Earnings (passenger, $17,764; freight, $41,568; other, $«,7W)
$62,131. Operating expenses, $48,974. Net earning*, §13,157. Paid taxes, $1,440.
Directors.— Not reported. OFFICERS : H. C. BEATTIE, Pres., Greenville, 8. C.; H. W. Miller, Sec.,
Raleigh, N. C.; A. H. Plant, Ai/d.; H. C. Ansley, Treas., Washington, D. C. GENERAL OFFICE, Greenville, S. C.
BRANCHVILLE AND BOWMAN RR.— Branchville to Bowman, S. C., 10.5m.; branches, 4m.;
tota| track, 14.5 miles. Gauge. 3 ft. Rail, 30 Ibs. Organized April 11, 1891 ; road completed in 1803. Loco-
motive (leased), 1. Cars— passenger, 1 ; freight (box, 3 ; flat, 10), 13 ; othv, 2— total, 16.
Operations, year ending June 30, 1901.— Earnings (passenger, $343 ; freight, $3,993 ; other, $500), $4,735.
Operating expenses, $3.160; taxes, $250— total, $3,410. Net earnings. $1,325.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($25,000 auth.: $100 shares), $24,000;
funded debt (1st mtge. 6 p. c. bonds), 835,000— total, representing cost of property, $59,000.
Directors.-S:imuel Dibble, B. H. Moss, Samuel Dibble, Jr., Orangebnrg, S. C.; E. T. R. Smoak. Branch-
ville, S. C.; Rhett L. Shnler, Bowman, S. C. OFFICKKS : SAMUEL DIBBLE, Pres.; Samuel Dibble, Jr., Vice-Pres.,
Treas. &Sec.; T. O. S. Dibble, Gen. Mgr., Orangeburg, S. C. GENERAL OFFICE, Orangeburg, S. C.
BRUNSWICK AND BIRMINGHAM RR.- Projected : Brunswick, Ga., to Birmingham, Ala.. 375
miles : completed up to June 1, 1902, Brunswick to Nichols, Ga., 100 miles. Gauge, 4 ft. 8J- in. Rail (steel). 60
Ibs. Chartered Dec. 11, 1900; road opened Oct. 1, 1901. Locomotives (leased), 5. Cars- passenger, 10; baggage,
etc., 1 ; freight (box, 25 ; flat, 125 [leased]), 150— total, 161. Net earnings from operation (29 miles), two months
ending Dec. 1, 1901, $1,337.
Financial Statement, Dec. 1, 1901.— Capital stock, auth. and subscribed ($100 shares), $15,000 per mile ;
funded debt, outstanding consists of $375,000 (auth. $15,000 per mile) 1st mtge. 5 p. c. 50-yr. gold coupon $1,000
each, bonds, dated March 5, 1901, due in 1951, int. f. & J. Trustee of bonds : Knickerbocker Trust Co New
York, N. Y.
Directors.— E. H. Mason, J. J. Lott, C. J. Bushnell, Brunswick, Ga.; Chas. L. Hyde, R. A. Fairbairn,
New York, N. Y. OFFICERS : CHAS. L. HYDE, Pres.; R. A. Fairbairn, Vice-Pres., New York, N. Y.; C. J. Bush-
nell, Sec. & Treas., Brunswick, Ga. GENERAL OFFICE, Brunswick, Ga. New York Office, :71 Broadway.
CAIRO AND KANAWHA VALLEY RR.— Cairo to McFarlan, W. Va., 17.5 m. : sidings, 1 mile.
Rail (steel), 20, 25, and 30 Ibs. Gauge, 3 ft. Projected to Grantsville, 40 miles from Cairo. Chartered Feb. 15,
1890, as successor to the Ritchie Mineral RR. Co. ; road opened in 1894. Locomotives, 2. Cars— passenger 8 •
freight (box,:l ; flat, 22), 25— total, 28.
Operations.— All information refused ; for latest statement, see MANUAL for 1898, page 162.
General Balance Sheet, June 30, 1895 (latest rendered).— Capital stock ($75,000 aulQ.), $25,000 ; funded
debt (1st 7s of 1900 to 1905, int. A. & O.), $6,000— total, $31,000. Contra : Cost of road, $92,800; real estate, £2 250
—total, $95,050.
Directors.— H. S. Wilson, W. N. Miller, H. S. Wilson, Jr., Robert Wilson, Parkersburg, W. Va.; E. E.
Wilson, Cairo, W. Va. OFFICERS : H. S. WILSON, Pres. & Treas.; R. Wilson, Sec., Parkersburg, W. Va.; R.
E. L. Jones, Aud.; E. E. Wilson, Supt., Cairo, W. Va. GENERAL OFFICE, Parkersburg, W. Va.
CALDWELL AND NORTHERN RR.— Lenoirto Colletsville, N. C., 10.6 m.; total track (steel,
8.60 m.), 12.1 miles. Rail, 30 Ibs. Gauge, 3 ft. Chartered March 9, 1891 ; charter amended Feb. 25, 1893 ; road
opened in 1895. Locomotives, 2. Cars— passenger, 1 ; freight (flat), 21— total, 22.
Operations, year ending June 30, 1901.— Trains run (freight, 1,181; mixed, 11,956), 13,137 miles. Passen-
§ers carried, 2,377; carried one mile, 35,854. Tons freight moved, 12,458. Earnings (passenger, $933; freight,
7,942; other, $365), $9,240. Operating expenses, $10,093. Deficit, $853.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($1,000,000 auth.; glOO shares). $89,000 ;
current liabilities, $9.361— total, $98,361. Contra: Cost of road and equipment, $93,655; profit and loss, $5,706—
total, $98,361.
Directors (elected Oct. 16, 1901).— Edward P. Borclen, Wm. S. Harvey, George B. Collier, John F. Collins,
Peter Boyd, Philadelphia, Pa.; Chas. H. A. Rupp, Lenoir, N. C.; Robert C. Ogden, New York, N. Y. OFFICKKS :
WILLIAM S. HARVEY, Pres.; Peter Boyd, Vice-Pres.; Geo. W. Lex, Treas. A Sec., Philadelphia, Pa.; Jas. r.
Williams, Gen. Mgr.; L. C. Watson, Gen. Supt., Lenoir, N. C. GENERAL OFFICE, 1420 Chestnut St., Philadel-
phia, Pa.
CAPE FEAR AND NORTHERN RY.— Projected : Durham to Fayetteville, N. C.,|about80miles.
Completed up to June 30, 1901 : Apex to Angier, N. C., 20 miles. Gauge, 4 ft. 8J in. Rail (steel), 50 Ibs. Organ-
ized March 2, 1898 ; road opened to Angier, in March, 1899.
Operations, year ending June 30, 1901.— Passengers carried, 8,323; carried one mile, 86,642. Tons freight
moved, 20,491; ton-miles, 176,614. Earnings (passenger, $2,272; freight, $17.738; other, $1,001), $21,011. Operating
expenses, $12,719. Net earnings, $8,292. Paid, taxes, $446; dividends (4 p. c.), $4,000— total, $4,446. Surplus,
$3,846; surplus forward, $14,901— total, $18,747.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $100,000; current liabilities, $6,519;
profit and loss, $18,747— tot»l, $125,266. Contra : Cost of road and equipment, $115,778 ; materials, etc., $1,275;
lands owned, $713; cash and current assets, $7,500— total, $125,266.
Directors.—.!. E. Stagg. J. C. Kilgo, Geo. W. Watts, Durham, N. C.: J. C. Angier, H. E. Norris. Raleigh,
g. C.; T. F. Wilkinson, Gary, N. C. OFFICERS : B. X. DITKK, Pret.; J. E. Stagg, Vlce-Prft., Durham, N. C.; J.
, Angier, See. , Treat. A Oen. Mgr. ; Geo. E. Lemmon, Chitf Sng. A Supt., Ap«x, N. O. ; T.I1. Wilkinson, Attd. ,
«ary,N. 0. GENERAL OFFICE, Ap«x, N. C.
CAROLINA AND NORTHWESTERN RY.-Cheetw, 8. C., to Lemoir, N. O.. 109.3 m.; total
track (eteel, 50.18 m.), 115.08 milei. Rail, 30, 50, and 60 Ibs. Gauge, 3 ft. Reorganization, Feb. 8, 1807, of the
POOK S MANUAL OF RAILROADS. 251
Chester and Lenoir RR. Co. (See MANUAL for 1896, page 910.) On Jan. 1, 1899, the company completed and put
in operation its own line between Newton and Hickory, N. C., 9.9 miles, and abandoned the use of the Southern
Ry. between the same points. It is intended to change the crange to standard, and the work is now in progress.
Locomotives, 8. Cars— passenger, 14; baggage, etc., 2 ; freight (box, 66 ; stock, 30; flat, 6 ; coal, 9), 111 ; service
16-total, 143.
Operati
sengers carriec
(pilHHellger, $40,UT1, iiiii.ui. ,;.T~.I*.J, mil* 1. ^pl V.i7»7tl/, < 1'fl.il-,. * ' 1 1 1 1 1 1 1 1 1 I u CAJfCllBCP, ^p*7tf,£jGU. 11 CL VU I'll Ult^H, 3J)^O,-
186. Paymentti : Interest on bonds, $21,095; other interest, $2,732; taxes, $3,635; other charges, $21,617— total
$49,079. Deficit, $3,894; deficit forward, $9,251— total, $13,145.
Financial Statement, June 30, 1901.— Capital stock paid in. $350,000; funded debt outstanding, $375,500;
current liabilities, $20,322; interest accrued, not due, $2,732; taxes accrued, $3,635— total, $758.189. Contra : Tost
of road, $101,847; equipment, $33,137; materials, etc., $10,614; cash and current assets. $26,322; profit and loss
$13,145— total, S1K5,065.
Capital Stock.— Capital stock authorized amounts to $2,000,000, consisting of $1,000,000 common stock
and $1,000,000 4 p. c. non-cumulative preferred stock ; shares, $100 each. None of the preferred stock has been
issued.
Funded Debt.— Funded debt outstanding as per preceding financial statement consists of gen. mtge. 5 p. c.
50-yr. gold bonds, due May 1. 1950, interest May and Nov., at the trustee's office. The authorized amount of gen.
mtge. oonds is $1,320,000 on the present mileage, but additional bonds may be issued to the amount of $12,000 per
mile for extensions, and during 1903 and 1904 further bonds to the amount of $2,000 per mile of such extensions
and branches may be issued to acquire and pay for equipment. Of the initial issue of $1, 320.000, bonds amounting
to $880,000 were to be issued to provide the means for standard-gauging the road, and $440,000 were to b« used for
the purpose of retiring $100,000 1st mtge. 7 p. c. bonds of the old Chester and Lenoir RR. Co., and $340,000 1st
mtge. 5 p. c. bonds of the Carolina and Northwestern Ry. Co. (set- MANUAL for 1899, page 470). The old bonds are
being refunded. The mortgages securing them have not been cancelled yet, because there are about $4,000 of the
5 p. c. bonds still outstanding.
Directors (elected Sept. 14, 1901).— J. L. Augurs, T. H. White, J. H. Marion, W. Holmes Hardin, Chester,
S. C.; J. F. Wallace, Yorkville, S. C.; Geo. A. Gray, Gastonia, N. C.; J. H. Martin, Hickory, N. C. OFFICERS :
WM. A. BARBER, Pres., New York, N. Y.; M. S. Lewis, Treas.; J. J. McLure, Sec., Chester, S. C. GENERAL
OFFICE, Chester, S. C.
CAROLINA NORTHERN RR.— Lumberton, N. C., to Marion, S. C., 40 m.; total track (steel; 60
Ibs.), 42.11 miles. Gauge, 4 ft. 8i in. General charter dated Jan. 14, 1899 ; special charter, Feb. 22, 1899; road
opened to Kingsdale, 5 in., Jan. 1, 1900; to Proctorville, 10 in., July 1, 1900; to BarnesviUe, Dec. 15, 1900; opened
throughout, Dec. 1, 1901. Connection is made with the Seaboard Air Line at Lumberton, and connection will
be made at Marion with the Atlantic Coast Line. Operations given below are based on the 15 miles, Lumberton
to BarnesviUe, N. C. Locomotives, 3. Cars— passenger, 3 ; bairgage, etc., 2; freight (box, 8; flat, 30), 38— total, 43.
Operations, year ending June 30, 1901 (15 m.).— Trains run (mixed), 9,360 miles. Passengers carried, 7,947;
carried one mile. 3S.895. Tons freight moved, 3,162; ton-miles, 36,733. Earnings (passenger, $926; freight, $3,181),
$4,107. Operating expenses, $5,634. Deficit, $1.527.
Financial Statement, Dec. 1, 1901.— Capital stock ($10 shares), £500.000 ; funded debt (1st gold 5s of
April 1, 1929, int. A. & O. ; $500,000 auth.), $425,000; floating debt, $1,231— total liabilities, $926,231. Cost of road
to Dec. 1,1901, $1,000,000.
Directors.— Augustus Mellier, Ellwood C. Jackson, Robert L. Forrest, Geo. D. Yeakel, H. L. Elkins,
Philadelphia, Pa.; E. K. Proctor, Jr., Lumberton, N. C. OFFICERS : AUGUSTUS MELLIER, Pres.; H. L. Elkins,
Vice-Pres.; Thos. L. Carson, Sec. <& Treas., Philadelphia, Pa.; T. C. McNeely, Gen. Supt., Marion, S. C. GENERAL
OFFICE, 316, 318 and 320 Bourse Building, Philadelphia, Pa.
CARRABELLE, TALLAHASSEE AND GEORGIA RR.— Projected : Carrabelle, Fla., to
Thomasville, Ga., 100 miles. Completed to June 30, 1901 : Carrabelle to Tallahassee, Fla., 50 m.; total track, 53.58
miles. Rail (steel), 56 Ibs. Gauge, 4 ft. 9 in. Successor, Jan. 5, 1891, to the Augusta, Tallahassee and Gulf RR.
Co. (See MANUAL for 1894, page 171.) Completed to Tallahassee by present company in Oct., 1893. Under its
land grant the company has earned 600,000 acres of land, nearly one-fourth of which has been received. Loco-
motives, 3. Cars (passenger and freight), 60.
Operations, year ending June 30, 1901.— Trains run (passenger, 38,372; freight, 30,300), 68,672 miles.
Passengers carried, 14,028; carried one mile, 701,400. Tons freight moved, 27,608; ton-miles, 1,380,000. Earnings
(passenger, $22,543 ; freight, $26,395; other, $13,985), $62,923. Operating expenses, $66,880. Deficit, $3,927.
Financial Statement, June 30, 1901.— Capital stock authorized ($100 shares), $1,000,000; funded debt
(1st 6s of 1914; int. J. & J.), $500,000— total stock and bonds, $1.500,000.
Directors.— Chas. M. Zeh, J. Wm. Ciark, Newark. N. J. : S. D. Chitterden. F. T. Myers, R. L. Murray,
Tallahassee, Fla. OFFICERS : CHAS. M. ZEH, Pi**., Newark. N. J. : S. D. Chittenden, Vice-Pres. & Gen. Mgr.;
J. P. Contrell, Sec. & Treas. ; F. W. Armstrong, And., Tallahassee, Fla. GENERAL OFFICE, Tallahassee, Fla.
CARTHAGE RR.— Cameron to Hallison, N. C., 18.50 m. ; total track (steel, 13 m.), 20 miles. Rail— iron,
50 Ibs. ; steel, 40 Ibs. Gauge, 4 ft. 8i in. Locomotives, 2. Passenger cars, 2. Chartered April 29, 1886 ; road
opened from Carthage to Hallison, Jan. 30, 1898. (See MANUAL for 1898, page 163.) Leased to W. C. Petty, of
Manly, N. C., for 97 years from June 1, 1890. The company owns the line from Cameron to Carthage, 10 miles,
and the lessee owns the line from Carthage to Hallison, 8.5 miles. The lessee pays for the use of the former section
a yearly rental of $1,440.
Operations, year ending June 30, 1901.— Earnings (passenger, $3,972 ; freight, $19,361), $23,333. Operating
expenses, $14,048. Net earnings, $9,285. Payments : Rental, $1,440 ; taxes and insurance, $370— total, $1,810.
Surplus, $7,376.
Financial Statement, June 30, 1901.— Capital stock paid in ($250,000 auth.; $25 shares), $16,050. Cost
of road and equipment, $79,400. Cash, $6,805.
Directors.— W. T. Jones, Geo. C. Graves, Jas. D. Mclver, L. P. Tyson, A. H. McNeill, C. J. Shaw, J. C.
Black, Carthage, N. C. OFFICERS : J. C. BLACK, Pres. ; W. J. Adams, Sec.; W. C. Petty, Lessee <& Gen. Mgr. ;
W. C. Petty, Jr., And., Carthage, N. C. GENERAL OFFICE, Carthage, N. C.
CHARLESTON, CLENDENNIN AND SUTTON RR.— Projected : Charleston to Sutton, W.
Va., 100 miles. Completed to Dec. 31, 1901 : Charleston to Big Otter, W. Va., 64 m. ; total track (steel ; 60 Ibs.),
70 miles. Gauge, 4 ft. 8* in. Chartered May 1, 1891 ; road completed to Clay Court House, 51 m., at the close
of 1895; extended to Big Otter during 1801. Locomotives, 4. Car*— passenger, 4; freight (box, 3; flat, 94; coal,
86), 113 ; i-ervice, 2— total. 119.
Operations, year ending Dee. 81, 1901.— Trains run (uassenger, 87,658 ; freight, 60,847), 87,999 miles.
Passengers carried, 59,805. Tons freight moved, 198,394. Earnings (passenger, $31,894 ; freight, $138,281 ;
other, $3,784), $173,909. Operating expenses, $79,244. Net earnings, $94,665. Payments : Interest «n bond*.
$89.375 ; other Interest, $314 ; taxes, $4,227— total, $98,915. Surplus, $750 ; deficit forward, $369,688 ; charge*
during year, $1,222 ; deficit, Dec. 31, 1901, $370,160.
General Balance Sheet, Dec. 31, 1901.— Capital stock paid in ($3,000,000 auth.; $100 shares), $1,890,600 ;
252 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
funded debt (let gold 5s of Oct. 1, 1944), $1,500,000 ; bills payable, $01,102 ; current liabilities, $3,116 ; interest
H'-crued $224 453— total, $3,679,271. Contra : Cost of road and equipment, $3,283,299 ; cash and current assets,
§.'->. si-.' ; profit and !.•>*, $870, 160- total, $3,679,271.
Directors (elected April 1, 1002).— T. H. Given, Hay Walker, Jr., L. H. Partridge, G. T. Richards, A. C.
Braun John W. Moon, Pittsburgh, Pa.; C. C. Lewis, Malcolm Jackson, Charleston, W. Va. ; Samuel L. Hat-man,
Philadelphia, Pa. OFFICERS : T. H. GIVEN, Pres., Pittsburgh, Pa.; C. C. Lewis, Vice-Pres., Charleston, W. Va ;
Samuel L. Harman, Sec. & Treas.; J. Wainwright, Gen. Algr., Philadelphia, Pa. GENERAL OFFICE, Charleston,
W. Va.
CHATTAHOOCHEE VALLEY RR.— West Point, Ga., to Jester, Ala., 10 miles. Gauge, 4 ft. 8i
in. Rail (steel), 56 Ibs. Chartered in 1895; road opened in Jan., 1897. Connects at West Point, Ga., with the
Western Ry. of Ala. and the Atlanta and West Point Ry. Locomotive?, 2. Cars — passenger, 3; freight, 11—
total, 14. Capital stock paid in ($1,000,000 auth.; $100 shares), $110,000. Funded debt (1st 6s of Dec. 1, 1916),
$110,000.
Directors.-H. S. Sears, Boston, Mass.; E. F. Lanier, L. Lanier, West Point, Ga.; W. H. Wellington, O.
H. Luke, Jas. Pierce, H. S. Parmenter, J. E. Gale, T. B. Sears, Boston, Mass. OFFICERS : L. LANIEK, Pres. &
Gen. Mgr., West Point, Ga. ; W. H. Wellington, Vice-Pres.; H. S. Sears, Treas., Boston, Maes. ; E. F. Lanier, Sec.,
West Point, Ga. GENERAL OFFICE, West Point, Ga.
CHESAPEAKE AND WESTERN RR.— Elkton June, to Bridgewater, Va., 26.67 m. ; trackage,
N. & W. Ry., Elkton June, to Elkton, Va., 0.33 m.— total, 27 m. ; total track (steel ; 80 Ibs.), 27.23 miles. Gauge,
4 ft. 8J in. Chartered Jan. 22, 1892, as the Chesapeake, Shendun and Western RR. Co. ; present name adopted
May 14, 1895. Road opened as above April 29, 1896. Projected from tidewater at Chesapeake Bay, via Elkton,
Harrisonburg, Dayton, and Bridgewater, Va., to a connection with other railways in West Virginia, about 326
miles. Surveys completed for about 210 miles of road, and grading for 35 miles. Locomotives, 2. Cars— pas-
senger, 2 ; combination, 2 ; freight (box, 20 ; gondolas, 20; flat, 9), 49 — total, 53.
Operations, year ending June 30, 1901.— Trains run (passenger, 19,196 ; mixed, 17,430; other 183), 36,809
mile?. Passengers carried, 28,737; carried one mile, 291,747. Tons freight moved, 22.869 ; ton-miles, 313,833.
Earnings (passenger, $9,179; freight, §15,818; other, $6,103). $31,1(50. Operating expenses, $28,460; taxes, $2,022
—total, $30,482. Net earnings, $678; surplus forward, $1,719— total, $2.397.
General Balance Sheet, June 30, 1901.— Capital stock (see below), $606,500; funded debt (1st 5s of Aug.
1, 1945), $6(36,000 ; subscribers to capital stock, $43.725; current liabilities, $5,494; sundries, $10,025; profit and
loss, $2,397— total, $1,334,141. Contra: Cost of road and equipment, $1,327,051; materials, etc., $1,829; current
accounts, $5,261— total, $1,334,141.
Capital Stock.— Capital stock is authorized to the amount of $20,000 per mile of common stock and $5,000
per mile of preferred stock, in shares of $100 each, and there had been paid up prior to June 30, 1901, $532,800
of the common stock and $73,500 of the preferred stock.
Directors.— De Witt Smith, Jno. C. Ward, R. B. Seymour, E. W. Mills, New York, N. Y.; G. F. Burnett,
Verona, N. J. OFFICERS : DE WITT SMITH, Pres., New York, N. Y.; G. F. Burnett, Vice-Pres., Verona, N. J.;
W. H. Hall, Treas.; Jno. C. Ward, Sec.; E. W. Mills, Gen. And., New York, N. Y. PRINCIPAL OFFICE, 141
Broadway, New York, N. Y.
COLLINS AND REIDSVILLE RR.— Collins to Reidsville.Ga., 6.91m. ; total track (steel ; 40 Ibs.),
7.07 miles. Gauge, 4 ft. 8£ in. Chartered Aug. 26, 1895 ; road opened April 20, 1896. Locomotive, 1. Cars-
combination, 1 ; baggage, 1— total, 2.
Operations, year ending June 30, 1901.— Gross earnings, $5,480. Operating expenses, $4,658. Net earn-
ings, $822.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock ($25 shares), $10,000 ; funded
debt (1st (is of Jan. 1, 1916), $40,000 ; bills payable, $615 ; current liabilities, $210 ; other liabilities, $6.766— total,
$57,590. Contra : Cost of road and equipment, $50,000 ; cash and current assets, $1,631 ; profit and loss, $5,959—
total, $57,590.
Directors.— R. B. Reppard, Savannah, Ga. ; F. T. Lockhart, Augusta, Ga. ; J. E. Hogan, Clito, Ga. ; Albert
A. Reppard, Reidsville, Ga. OFFICERS : R. B. REPPARD, Pres. ; A. F. K. Mustin, Sec. & Treas., Savannah, Ga. ;
A. A. Reppard, 3Igr., Reidsville, Ga. GENERAL OFFICE, Savannah, Ga.
COLUMBIA, NEWBERRY AND LAURENS RR.— Columbia to Laurens, S. C. ,76m. ; sidings,
3.6 miles. Gauge, 4 ft. 9 in. Kail (steel), 56 Ibs. Chartered Dec. 26, 1885 ; road completed to Dover Junction,
5 C, in 1891; extended to Laurens early in 1896. Locomotives, 4. Cars— passenger, 2 ; baggage, etc., 2 ; freight
(box, 1 ; stock, 3 ; flat, 6), 10— total, 14.
Operations, year ending June 30, 1901. -Trains run (passenger. 280.150 : freight, 720,487), 1,000,637 miles.
Tons freight moved, 118,475. Earnings (passenger, $35,775 ; freight, $129,098 ; other, $8,390), $173,263. Operat-
ing expenses, $134,151. Net earnings, $39,112.
Q-eneral Balance Sheet, June 30, 1901.— Capital stock ($25 shares), $500.000 ; funded debt(s<>e GENERAL
IXDEX). $1.336,0.54; bills payable, $53,000 ; current liabilities, $2,658; interest accrued, due, $13,545; other
liabilities. $16,060— total, $1,931,317. Contra: Cost of road and equipment, $1,632,827; securities owned, $11,000 ;
cash and current assets, $33,278 : profit and loss, $249,2)2— total, §1.931.317.
Directors.— James Woodrow, W. T. Martin. W. A. Clark, W. H. Lyles, Columbia, S. C.; J. S. Williams,
H. Walters, Baltimore, Md.; E. St. John, Portsmouth, Va.; W. G. Elliott, W. A. Riach, J. R. Kenly, Wilminjrton,
N. C.; H. C. Moseley, Prosperity, S. C.; M. A. Carlisle, Newberry, S. C. OFFICERS: W. G. CHILDS, Pres. & Gen.
Mgr.; T. H. Gibbes, Sec. & Treas.; C. D. Miller, And., Columbia, S. C. GENERAL OFFICE, Columbia, S. C.
DARIEN AND "WESTERN RR.— Darien to Middletons, Ga., 29 m.; Crescent to Belleville, Ga., 2
m.; total track (steel; 50 Ibs.), 31 miles. Gauge, 4 ft. 8f in. Chartered May 14, 1894, as successor to the Darien
Short Line, sold under foreclosure. Road completed as above in Jan., 1895. Locomotives, 3. Cars — passenger,
3 ; baegage, etc., 1 ; freight (box, 2 ; flat, 18), 20— total, 24.
Operations, year ending June 30, 1901.— Earnings (passenger, $10,562; freight, $5,678; other, $1,683), $17,923.
Operating expenses, $15,000. Net earnings, §2.923. Paid interest on bonds, $3,000.
Financial Statement, June 30, 1901.— Capital stock ($100 shares), $200,000. Funded debt outstanding
consisted of $60,000 1st gold 5s of Dec. 1, 1914, int. J. & D. ; and $12,000 2d gold 5s of June 1, 1916, int. J. & D., if
earned— totalstock and bonds, $272,000.
Directors (elected Feb. 13, 1902).— W. A. Wilcox, J. K. Clarke, Jr., F. H. MacFarland, Wm. H. Strain,
Darien, Ga. ; Donald Mackay, Geo. D. Mackay, Waldo G. Morse, New York, N. Y. OFFICERS : F. H. MAC-
FARLAND, Pr«.«., Darien, Ga.; Donald Mackay, \1ce-Pres.; Waldo G. Morse, Sec.; Geo. D. Mackay, Treas., New
York, N. Y. ; J. S. Lane, Gen. Mgr., Darien, Ga. GENERAL OFFICE, Darien, Ga.
DOOLY SOUTHERN RY.— Richwood to Pinia, Ga., 8 m. ; total track vsteel ; 30 Ibn.), 9 miles. Gauge,
4 ft. 8J in. Rail (steel), 30 Ibs. Chartered June 21, 1897 ; road opened as above in Aug., 1898. Rolling stock
leased. Train service is performed by the Parrott Lumber Co., the owner of a private line running into Richwood.
The company refuses all information.
Q-eneral Balance Sheet, Dec. 31, 1900 (latest rendered).— Capital stock ($100 shares), $50,000; current
POOR'S MANUAL OP RAILROADS. 253
liabilities, $2,061; profit and loss, $14,475— total, $66,536. Contra : Cost of road, $50,000 ; cash, $2,848 ; current
assets, $14,288-total, $66,536.
Directors.— Not reported. OFFICERS : B. P. O'NEAL, Pres. & Gen. Mgr. ; W. L. Robuck, Sec. & Treas.,
Richwood, Qa. GENERAL OFFICE, Richwood, Ga.
DRY FORK RR.— Hendricks to Armentrout, W. Va., 30 m.; total track (steel ; 60 Ibs.), 80.95 miles.
Gauge, 4 ft. 8j in. Chartered Dec. 14, 1892 ; road opened Oct. 1, 1894. Connects with the W. Va. C. & P. Ry. at
lleudricks. It is proposed to extend the road to a connection with the C. & O. Ry., a distance of about 50 miles
beyond the present terminus. Locomotives, 5. Cars- -passenger, 1; combination,!; freight, 4; other, 7— total, 13.
Operations, year ending June 30, 1901.— Trains run (passenger, 80,053: freight, 20,236 ; other. 10,508),
50797 miles. Passengers carried, 23,997; carried one mile, 308,138. Tons freight moved, 79,881; ton-miles,
2,164,090. Earnings (passenger, $9,526 ; freight, $55,340 ; other, $1,932), $66,798. Operating expenses, $42,606.
Net earnings, $24,192; other receipts, $4,329— total, $28,521. Payments: Interest on bonds, $5,499; other interest,
$3,139; taxes, $1,820; other charges, $3,005— total, $13,463. Surplus, $15,058; surplus forward, $63,125— total,
$78,183.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100,000 auth.; $100 shares), $51,000 ;
funded debt (1st 6s of July 1, 1909), $91,005; current, liabilities, $67,958 ; interest accrued, due, $2,275 ; profit and
loss $78 183— total, $290,421. Contra: Cost of road and equipment, $205,017 ; materials, etc., $2,133 ; cash and
current assets, $83,272— total, $290,421.
Directors.— Robert F. Whitmer, Philadelphia, Pa. ; John Halfpenny, Alfred S. Elliott, Martin Lane,
Wilmingt6n, Del.; A. J. Armstrong, Bayard, W. Va. OFFICERS: R. F. WHITMER, Pres., Philadelphia, Pa.;
A. J. Armstrong, Tice-Pres., Bayard, W. Va.; Martin Lane, Sec. <& Treas., Wilmington, Del.; F. K. Bretz, Gen.
Mgr.; C. W. Mosser, Auditor, Hendricks, W. Va. GENERAL OFFICE, Hendricks, W. Va.
DURHAM AND CHARLOTTE RR.-Gulf to Star, N.C., 35 miles. Gauge, 4 ft. 9 in. Rail (steel),
56 Ibs Chartered in 1893. On July 15. 1896, purchased the entire property of the Glendon and Gulf RR. Co.
(See MANUAL for 1896, page 213.) Locomotives, 3. Cars— passenger, 1; freight (flat), 3: other, 2— total, 6. (See
MANUAL for 1898, page 166.) Capital stock ($100 shares), $10,000. Cost of road and equipment, $116,084.
Operations, year ending June 30. 1901.— Earnings (passenger, $1,666; freight, $12,310; other, $200), $14,176.
Operating expenses, $13,099. Net earnings, $1,077.
Directors.— John B. Lennig, Bridesburg. Pa.; J. S. Carr, Wm. Play, Wm. A. Guthrie, Durham, N. C.
OFFICERS : JOHN B. LENNIG, Pres. & Sec., Bridesburg, Pa.; J. S. Carr, Vice-Pres., Durham, S. C.; J. H.Kennedy,
And., Gulf, N. C. GENERAL OFFICE, Gulf, N. C.
EAST SHORE TERMINAL CO.'S RR.— In Charleston, S. C., 3m.; total track (10 m. owned),
11.25 miles. Steel rail, 60 Ibs. Gauge, 4 ft. 84 in. Company owns 14 wharves, 30 warehouses, about 30 acres of
land, 4 cotton compresses, etc., on the water front of the city of Charleston, and connects the same with the rail-
roads entering the city. The business of the company is in the transportation of freight between the railroads
and piers, a general wharfage business, and the compressing and storing of cotton. Road completed as above in
1895 (See MANUAL for 1895, page 190!) Receiver appointed Jan. 15, 1896; default made on Feb. 1, 1896. Gross
, , ,,. mpan
South Carolina and Georgia RR. Co., jointly. WILLIAM E. HUGER, Receiver, Charleston, S. C.
EAST TENNESSEE AND WESTERN NORTH CAROLINA RR.-Johnson City, Tenn.,
to Cranberry, N. C., 34 m. ; total track (steel, 13.5 m.). 40 miles. Gauges, 3 ft. and 4 ft. 8i in. Rail, 40 and 48
Ibs. Chartered May 24, 1866; road opened, July 3, 1882. Locomotives, 3. Cars— combination, 3; freight (box,
13 ; stock, 3 ; flat, 76; ore, 24), 11(5; service, 15— total, 134.
1, 1905), $250,000; current liabilities, $120,587— total, $872,757. Contra: Cost of road and equipment, $770,661 ; cash
on hand, $3,525; profit and loss, $98,571— total, $872,757.
Directors.— Frank Firmstone, Easton, Pa.; H. M. Howe, John S. Wise, Calvin Pardee, Frank P. Howe,
Philadelphia, Pa.; R. F. Hoke, Raleigh, N.C.; Mahlon Pitney, Morristown, N. J. OFFICERS: R. F. HOKE, Pres.,
Raleigh, N. C. ; Frank Firmstone, Yice-Pres., Easton, Pa. ; John S. Wise, Sec. & Treas., Philadelphia, Pa.;
Geo. W. Hardin, Supt. ; J. E. Vance, And., Cranberry, N. C. GENERAL OFFICE, Cranberry, Mitchell Co., N. C.
EGYPT RY.— Colon to Cumnock, N. C., Smiles. Gauge, 4 ft. 9 in. Rail (steel), 56 Ibs. Chartered June
14,1890; road opened Oct. 15, 1891. Locomotive,!. Cars— passenger, 1 ; freight (box, 2 ; flat, 2 ; coal, 23), 27;
caboose, 1 ; service, 2— total, 31 .
Operations, year ending June 30, 1901.— Gross earnings, $2,277. Operating expenses, $5,217. Deficit,
$2,940. Charges: Interest on bonds, $6,480; taxes, $178— total, $6.058. Net deficit, $9,598.
1920),
Directors.— Samuel A. Heiiszey, K. K. Henszey, New York, N. Y. ; W. J. Tally, Cumnock, N. C. OFFICERS :
SAMUEL A. HENSZEY, Pres. & Treas.; K. K. Henszey, Sec., 52 Broadway, New York, N. Y. GENERAL OFFICE,
Cumnock, N. C.
FARMVILLE AND POWHATAN RR.— Bermuda to Farmville, Va., 88.72 m. ; Coalboro to
Winterpock, Va., 3.14 m. ; other branches. 1.14 m.— total, 93 m.; total track (steel, 64.59 m.), 103 miles. Gauge.
3 ft. Rail, 35 Ibs. Chartered March 3, 1884 ; road opened March 3, 1890. (See MANUAL for 1891, pages 207 and
1103.) Receiver appointed on Oct. 26, 1899. Locomotives, 5. Cars— passenger, 5 ; baggage, etc., 2 ; freight (box,
18; flat, 81; stock, 1), 100; service, 2 -total, 109.
Operations, year ending June 30, 1901.— Trains run (freight, 5,801 ; mixed, 59,280), 65,081 miles. Passengers
carried, 10,879; carried one mile, 198,744. Tons freight moved, 68,940; ton-miles, 1,616,478. Earnings (passenger,
$7,099; freight, $47,569; other, §7,634), $62,302; other receipts, $1,914— total, $64,216. Operating expenses, $66,848;
taxes, $3,509— total, $70,358. Deficit, 6,142; surplus forward, $5,919; net deficit, $223.
Receiver's Balance Sheet, June 30, 1901. --Current liabilities, $8,66(5— total, S8,666. Contra: Materials,
etc., $2,465; cash and current assets, $5,846; other assets, $132; profit and loss, $223— total, $8,666.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($100 shares), $960,850;
funded debt, $820,000 ; F. & P. RR. prior to receivership, f 158.316; current liabilities, $9,956— total, $1,949,122.
Contra : Cost of road and equipment, $1,868,459 ; materials, etc., $2,031; cash, $13,845 ; profit and loss, $64,787
—total, $1.949,122.
Capital Stock.— Capital stock consists of $500.000 common stock, $460,850 of which is paid in, and $500,000
fully paid preferred stock. The latter has a prior right to dividends up to 6 p. c. per annum, non-cumulative.
254 POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GROUP.
Funded Debt. -The funded debt, June 80, 1900, consisted of $320,000 1st 6s of May 1, 1922, and $800,00e
2d income 6* of July 2j, 19^8.
Directors. -Franklin Stearns, M. L.Van Doren, J. R. Werth, J. C. Shafer, Richmond, Va. ; A. D. Walking,
Fannville, Va. OFFICERS: T. M. R. TALCOTT, Receiver • N. V. RANDOLPH, Pres. ; James R. Werth, Vice-Prea.;
Oeo. M. Wilson, Sec. & Treas.; R. T. Wilson, Aud., Richmond, Va. GENERAL OFFICE, Richmond, Va.
FLORIDA EAST COAST RY.-Jacksonville to Miami, Fla., 365.97 m.; San Mateo June, to San
Mateo, Fla., a. 04 ni. ; East Palatka to Palatku, Fla., 2.6 in. ; New Smyrna to Orange City June., Fla., 28.06m.;
West Palm Beach to Ocean Pier, 1.29m.; Jacksonville to Mayporr, Fla., 26m.; Titusville to Sanford, Fla., Is in.
—total, 474.96 in. ; total track (steel: GO Ibs.), 538.89 miles. Gauge, 4 ft. 8j in. Successor, by change of name in
1895, to .the Jacksonville, St. Augustine and Indian liiver RK. Co. (See MAN UAL for 1899, page 473). The Kniei-
prise and Titusville Division of the Jacksonville, Tampa and Key West Ry. was acquired on April 22, W.i, and
Jacksonville and Atlantic Ry. in Sept., 1899. (.See MANUAL for 1899, page 475.) This road is owned by H. M. Flag-
ler, New York, N. Y. (Locomotives, 39. Care— passenger, 00 ; baggage, etc., 19 ; freight (box, 300 ; flat, 144),
444 ; caboose, 5; other, 22- total, 550.
Operations, year ending June 30, 1901.— Trains run (passenger, 670,435; freight, 384,023), 1,054,458 miles.
Passengers carried, 439,816 ; carried one mile, 19,461,710. Tons freight moved, 230,148 ; ton-miles, 38,540,110.
Earnings (passenger, $839,075; freight, $682,289; other, $62,493), $1,583,857. Operating expenses, $1,219,616. Net
earnings, $364,241.
Financial Statement, June 30, 1901.— Capital stock, $1,000,000; funded debt, $7,100,000— total, $8,100,000.
Directors.— H. M . Flagler, E. M. Ashley, New York, N. Y. ; Andrew Anderson, J. E. Ingraham, St. Augustine,
Fla.; J. R. Parrott, Jacksonville, Fla. OFFICERS : H. M. FLAQLEU, Pres., New York, N. Y.; J. K. Parrott, Vice-
Pres., Jacksonville, Fla. ; W. H. Beardsley, Treas.; J. C. Salter, Sec., New York, N. Y. GENERAL OFFICE,
St. Augustine, Fla. New York Office, 26 Broadway.
FLORIDA MIDLAND RR.— Longwood to Kissimmee, Fla., 44 m.; total track (steel; 40 Ibs.), 44.53
miles. Gauge, 4 ft. 8^ in. Successor in Sept., 1896, to the Florida Midland Ry. Co., whose property was sold
under foreclosure on March 4, 1896. (See MANUAL for 1896, page 211.) Purchased by M. E. Bishop, Orlando,
Fla., by whom the road is now operated.
Operations, year ending June 30, 1901.— Passengers carried, 151; carried one mile, 2,011. Tons freight
moved, 3,310; ton-miles, 40,721. Earnings (passenger, $63; freight, $3,046; other, $6), $3,115. Operating expenses,
$4,379. Deficit from operation, $1,264.
FLOVILLA AND INDIAN SPRINGS RY.-Flovilla to Indian Springs, Ga., 2.63 miles. Gauge,
4 ft. 8^ in. Rail (steel), 30 Ibs. Organized April 11, 1897, as successor to the Indian Springs and Flovilia RR. Co.,
whose property was sold under foreclosure April 5, 1897. (See MANUAL for 1897, page 163.) Locomotives, 2.
Cars — passenger, 4; freight (flat), 1.
Operations} year ending June 30, 1901. — Gross earnings, $2,951. Operating expenses, $2,041. Net earnings,
$910. No further information obtainable.
Directors.— J. R. L. Smith, G. B. Elder, R. V. Smith, W. F. Smith, S. P. Smith, Flovilia, Ga. OFFICERS :
J. R. L. SMITH, Pres., Macon, Ga. ; G. B. Elder, Vice-Pres. & Treas. ; R. V. Smith, Sec. ; W. F. Smith, Gen.
Mgr., Flovilia, Ga. GENERAL OFFICE, Flovilia, Ga.
GAINESVILLE AND GULF RY.— Sampson City to Fairfield, Fla., 48m.; total track (steel; 60
Ibs.), 50 miles. Gauge, 4 ft. 8.} in. Chartered March 31, 1884, as the Gainesville, Rocky Point and Micanopy Ry.;
name changed, July 24, 1895; opened from Gainesville to Micanopy, 1895; road completed as above during 1899.
(See MANUAL for 1900, page 408.) Locomotives, 4. Cars— passenger, 2; baggage, etc., 1; freight (box, 1; flat, 13),
14; total, 17. Two locomotives, 2 passenger, and 1 baggage, etc., cars are held under car trust.
Operations, year ending June 30, 1901.— Trains run (passenger, 39,560 ; mixed, 30,882), 70,442 miles.
Passengers carried, 16.151; carried one mile, 285,772. Tons freight moved, 43,208; ton-miles, 2.073,984. Earnings
(passenger, $9,418; freight, §40,168 ; other, $8,618), $58,204. Operating expenses, $36,903. Net earnings, §21,301;
other receipts, $2,617— total, §23,918. Payments: Interest on bonds, $9,000; on floating debt, $4.385; taxes, $2.760;
charges refunded, $847— total, $16,992. Surplus, $6,926.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($1,000,000 auth.; $100 shares), $300,000 ;
funded debt (1st gold 6s of Jan. 2, 1929), $150,000 : current liabilities, $59,092 ; interest accrued, $4.500 ; accrued
taxes, $2,100 ; car trust notes, $19,309 ; profit and loss, $5,608— total, $510,609. Contra : Cost of road and equip-
ment, $504,630; leased equipment, $31,751; materials, etc., $1,703; current assets, $2.525— total, $540,609.
Directors (elected Oct. 22, 1901).— V. J. Herlong, J. M. Graham, W. W. Hampton, Gainesville, Fla.; J. J.
Barr, J. D. Watkins, Micanopy, Fla.; Wm. Checkley Shaw, J. Marshall Johnson, Macon. Ga. OFFICERS: JAMES
M. GRAHAM, Pres., Gainesville, Fla.: J. J. Barr, 1st Vice-Prep., Micanopy, Fla.; W. W. Hampton, 2d Vice-Pita, d-
Sec.; H. E. Taylor, Treas.; W. S. Banks, And.; L. E. Barker, Lien. Supt., Gainesville, Fla. GENERAL OFFICE,
Gainesville, Fla.
GEORGETOWN AND WESTERN RR. (THE).-Georgetown to Lanes, S. C., 36.67m.; branches,
14 m.— total, 50 in.; total track (steel; 45 and 60 )bs.), 62.67 miles. Gauge, 4 ft. 9 in. Reorganization, June 2. 1887,
of the Georgetown and Lanes RR. Co. (see MANUAL for 1899, page 474). Branches completed in 1901. A change
of management was effected Jan. 19, 1900. Locomotives, 15. Cars— passenger, 1 ; combination, 2 j freigkt, 395—
total cars, 398.
Operations, year ending June 30, 1901.— Train mileage- passenger, 45.361; freight, 61,190; mixed, 15,478
—total, 122,029 miles. Passengers carried, 15,981 ; carried one mile, 518,790. Tons freight moved, 194.(i!)7 ;
moved one mile, 5,582,670. Earnings (passenger, §23,841 ; freight, $66,780; mail and express, $3,377; other, $2,261),
$96,258. Operating expenses, $59,593. Net earnings, §36,665.
Financial Statement, July 1, 1901.— Capital stock ($50 shares), $400,000 ; funded debt (1st gold 5s of
1917), $500,000— total, $900,000. The old 1st mtge. 5 p. c. bonds (referred to in the MANUAL for 1900, pages 1324
and 1445) have been retired, and a new mortgage executed to secure an issue of $500.000 5 p. c. 30-yr. $1,000 gold
bonds, dated July 1, 1901 ; this new mortgage covers all the property, assets, and franchises of the company
acquired and hereafter to be acquired.
Directors.— Lester Leland, E. J. Hawthorne, Boston, Mass.: Francis G. Brown, New York, N. Y.; W. D.
Morgan, E. D. Lloyd, R. L. Montague, F. S. Farr, Georgetown, S. C. OFFICERS: F. S. FARR, Pres., Georgetown,
S. C.; Francis G. Brown, Vice-Pres., New York, N. Y.; R. L. Montague, Treas. & Gen. Mgr.; E. L. Lloyd, Sec.
& Aud., Georgetown, S. C. GENERAL OFFICE, Georgetown, S. C.
GEORGIA, FLORIDA AND ALABAMA RY.— In operation June 30, 1901: Bainbridge to
Arlington, Ga.. 39.02 miles. Gauge, 4 ft. 8J in. Steel rail; weight not reported. Organized Nov. 2, 1895 as
Georgia Pine Ry. ( 'o.; charter amended April 22, 1901, changing name to Georgia, Florida and Alabama Ry. Co.
Soiling Stock, .'lime 30, 1901.— Locomotives, 4. Cars— passenger, 2 ; combination, 2 : freight (flat), 10; caboose,
1— total, 15. Under date of May 12, 1902, the company reported to the MANUA r. that it had completed an exten-
sion from Bainhridue to Tallahassee, Fla., 40 miles, and was building an extension from Arlington to Cuthbert,
Ga., 25 miles, of which extension it expected to have 15 miles completed by July 1. 1902. At the same time. May
12, 1902, the road had an equipment of 5 locomotives and 42 cars (3 passenger, 2 combination, 1 baggage, mail and
express, 35 freight flats ana 1 caboose) and had 10 box freight cars undeilconstruction.
POOR'S MANUAL OF RAILROADS. 255
Net earnings, $27,400 ; other receipts, $823— total, $28,223. Payments: Taxes, $1,138 ; permanent improvements,
$13,573— total, $14,710. Surplus, $13,513 ; deficit forward, $7,807 ; net surplus, $5,706.
Q-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $350,000; current liabilities, $8,251;
profit and loss, $5,706— total, $363,958. Contra: Cost of road and equipment, $350,000 ; materials, etc., $959 ;
cash on hand, $8,525 ; current accounts, $4,474— total, $363,958.
Funded Debt.— Since June 30, 1901, there have been issued $315,000 out of an authorized issue of $550,000
1st mtge. 5 p. c. 50-yr. $1,000 gold coupon bonds, due July 1, 1952, interest Jan. & July. Trustee : Manhattan
Trust Co., New York, N. Y.
Directors (elected Ang. 7, 1901).— J. P. Williams, Savannah, Ga.; E. B. Coleman, J. M. Callahan, John R.
Sharpe, E. K. liruton, Bain bridge, Ga.; J. M. Calhoun, Arlington, Ga.; J. 8. Bush, Colquitt, Ga. OFFICERS:
J. P. WILLIAMS, Pres., Savannah, Ga.; R. B. Coleman, Vice-Pres., Bainbridge, Ga.; J. O. Hatch, Sec. & Treas.,
Savannah, Ga. GENERAL OFFICE, Bainbridge, Ga.
GEORGIA NORTHERN RY.— Pidcock to Doerun, Ga., 45 m.; Doerun to Carlisle, Ga., 6 m.; Shell-
horn June, to McNeils. Ga. (tram), !) m.— total, 60 miles. Gauge, 4 ft. 8i in. Rail (steel, 58 m.), 40 to 60 Ibs. Char-
tered Nov. 23, 181>4. to take over the Boston and Albany RR. of Ga., which was sold under foreclosure in 1895-
The tram from Shellhorn to McNeils was opened in April, 1900; the extension from Doerun to Carlisle (part
of a 35-raile extension to Albany), in Sept., 1900. Locomotives, 6. Cars— passenger, 4 ; baggage and freight, 58 ;
service, 8— total, 64.
Operations, year ending June 30, 1901.— Gross earnings, (passenger, $11,256; freight, $80,615), $97,871.
Operating expenses. $t>y.379. Net earnings, $28,492. Total deductions, $10,038. Surplus, $18,454.
Financial Statement, June 30, 11)01.— Capital stock ($100 shares), $150,000. Funded debt (1st 6s of
Dec. 1, 1904), $150,000.
Directors.— John F. Pidcock, C. W. Pidcock, F. R. Pidcock, W. S. Humphreys, Moultrie, Ga. ; J. N. Pid-
cock, Jr., White House, N. J. OFFICERS : JOHN F. PIDCOCK, Pres.; C. W. Pidcock, Vice-Pres. & Gen. Svpt.,
Moultrie, Ga.; J. N. Pidcock, Jr., Sec. & Treas., White House, N. J.; F. R. Pidcock, And., Moultrie, Ga. GEN-
ERAL OFFICE, Moultrie, Ga.
GLADEVILLE RR.— Ramsey to Wise, Va., 3.2 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Loco-
motive, 1. Car (passenger), 1. Chartered Feb. 20, 1892 ; road opened Aug. 1, 1899. Nb further information
obtainable.
Directors.— John T. Dixon, A. M. Scutt, Roncevert, W. Va.; F. S. Paddock, E. M. Fulton, H. S. Dixon,
Wise, Va. OFFICERS: JOHN T. DIXON, Pres. & Treas., Roncevert, W. Va.: F. S. Paddock, Vice-Pres.; H. S.
Dixon, Sec. & Gen. Supt., Wise, W. Va. GENERAL OFFICE, Roncevert, W. Va.
GLENN SPRING-S RR.— Glenn Springs to Roebuck, S. C., 10 m.; total track (steel, 4 m.), 10.15 milea.
Trackage, C. & W. C. Ry.: Roebuck to Spartanburg, S. C., 6 miles. Gauge, 4 ft. 9 in. Rail, 56 and 60 Ibs. Or-
ganized Dec., 1893 ; road opened from Glenn Springs to Becca in Nov., 1894 ; as above on July 1, 1896. Locomo-
tive, 1. Cars — passenger,!; baggage,!. Equipment held under car trust.
Operations, year ending June 30, 1901 .—Passengers carried, 3,238 ; carried one mile, 66,669. Tons freight
moved, 2,722 ; ton-miles, 27,220. Earnings (passenger, $1,564 ; freight, $2,532 ; other, $589), $4,685. Operating
expenses, $3,652. Net earnings, $1,032. Payments : Interest on bonds, $510 ; other interest, $292 ; taxes, $305 —
total, $1,107. Deficit, $75 ; deficit forward, $798— total, $873.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($10,000 auth.; $50 shares), $6,000 ; funded
debt (1st 6s of July l, 1914), $15,200 ; current liabilities, $19,837— total, $41,037. Contra : Cost of road and equip-
ment, $39,203 ; cash and current assets, $961 ; profit and loss, $873— total, $41,037.
Directors.— H. S. Simpson, C. W. Zimmerman, Paul Simpson, R. C. Simpson, A. Z. Gates, A. O. Simpson,
L. Z. Gates, Glenn Springs, S. C. ; J. F. Cleveland, S. J. Simpson, R. Z. Gates, Spartanburg, S. C. ; W. W. Simp-
son, Woodruff, S. C. OFFICERS : H. S. Simpson, Pres., Treas. & Gen. Mgr. ; A. O. Simpson, Vice-Pres.; C. W.
Zimmerman, Sec., Glenn Springs, S. C. GENERAL OFFICE, Glenn Springs, S. C.
HAMPTON AND BRANCHVILLE RR.— Hampton to Mauldinton, S. C., 20 m.; Manldinton to
Cones, 3 m.— total, 23 miles. Rail (steel), 56 and 00 Ibs. Gauge, 4 ft. 8J in. Organized March 2, 1892; road com-
pleted as above during 1895-96. The company contemplates building a 10 m. extension in 1901. Locomotives,
3. Cars— passenger, 1 ; freight (box, 5 : flat, 6), 10; other, 4— total, 15.
Operations, year ending June 30, 1901.— Earnings (passenger, $157.; freight, $5,338), $5,495. Operating
expenses, $3,850. Net income. $1,639.
General Balance Sheet, June 30, 1897 (latest rendered).— Capital stock ($100 shares), $100,000 ; mis-
cellaneous, $ 11.480 ; profit and loss, $70,510— total, $181,990. Contra: Cost of road, etc., $136,950; real estate,
etc., 813,760 ; other property and assets, §31.080 ; cash, accounts, etc., $3,000— total, $181,990. On June 30, 1900,
there were $4,000 1st mtge. bonds outstanding.
Directors.— W. C. Mauldin, L. C. Mauldin, J. C. Lightsy, Hampton, S. C. OFFICERS : W. C. MAULDIN,
Pres. & Treas. ; B. H. Cultino, And., Hampton, S. C. GENERAL OFFICE, Hampton, S. C.
HAWKINSVILLE AND FLORIDA SOUTHERN RY.— Worth to Hawkinsville, Ga., 44 m.;
Davisville to Isaacs, Ga., 11 m.— total, 55 miles. Projected: Davisville to Fitzgerald, Ga., 20 m.; completed (Jan.
1, 1902) to Isaacs. Ga., 11 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 and 60 Ibs. Chartered May 25, 1896 ; road
opened July 1, 1896 ; extended 4 miles in 1898, 10 miles in 1899, and 25 miles in 1901. Locomotives, 10. Cars-
passenger, 3 ; freight, 50— total, 53. Capital stock ($100 shares), $100,000. Funded debt (1st 5s of 1952), $400,000.
Cost of road (Jan. 1, 1902), about $350.000.
Directors.— J. W. Pope, A. B. Steele, Rea Steele, Geo. H. Purvis, Atlanta, Ga. OFFICERS : J. W. POPE,
Pres.; A. B. Steele, Vice-Pres. & Gen. Mgr. ; Geo. H. Purvis, Sec., Atlanta, Ga.; N. A. Telks, Treas.; G. A.
Saussy, And., Hawkinsville, Ga. GENERAL OFFICE, Atlanta, Ga.
HOLLY RIVER AND ADDISON RY.— Holly June, to Addison, W. Va., 30 m.; Brewster to
Hechmer, W. Va., 10 m. ; Brewster to Marpleton, W. Va. (3d rail), 5 m.— total, 45 miles. Gauges— 35 miles, 3 ft. ;
10 miles, 4 ft. 8i in. Rail (steel), 40 and 45 Ibs. Chartered Sept. 10, 1898, as successor to the Holly River RR. Co.
(see MANUAL for 1899, page 477). The road was in operation 29.2 miles during the year ending June 30, 1901 ;
extended 15.8 miles between June 30, 1901, and May!, 1902. Locomotives, 5. Cars — passenger, 7 ; baggage, 2 ;
freight (box, 15 ; flat, 10 ; logging, 79 ; coal, 20), 124— total, 133.
Operations, year ending Jan. 1, 1902.— Gross earnings, $48,000. Operating expenses, $25,000. Net earn-
ings, $23,000.
Financial Statement, Jan. 1, 1902.— Capital stock ($100 shares), $250,000. Bonded debt (1st 5s of Jan. 1,
1922), $200,000. Cost, of road, $250,000.
Directors.— John T. McGraw, C. R. Durbin, C. P. Dorr, George A. Hechmer, C. Sprigg Sands, Grafton,
W. Va.; George W. Curtin, Jacob Fisher, Sutton, W. Va. OFFICERS: JOHN T. MCGRAW, Pres., Grafton, W. Va.;
George W. Curtin, Vice-Pres.; Jacob Fisher, Gen. Counsel, Sutton, W. Va.; C. R. Durbin, Treas.; George A.
Hechmer, Gen. Mgr.; F. H. Mayne, Sec., Grafton, W. Va. GENERAL OFFICE, Grafton, W. Va.
256 POOR'S MANUAL OF RAILROADS— SOUTH ATLANTIC GROUP.
INTERSTATE RR —Stonega to Appalachia, Va., 5.35 m. ; total track (steel ; 62 Ibs.), 8.13 miles.
Gauge, 4 ft. 9 in. Chartered in 1895 ; road opened same year. The road is operated by the Virginia Coal and
Iron Co chiefly for the purpose of getting the product of that company to market. It connects with the Louis-
ville nnd'Nashville RK. and with the Virginia and Southwestern Ry. Locomotives, 2. Cars— passenger, 1 ; com-
OFFICE, Stonega, Va. Philadelphia Office, Room 712, Reading Terminal.
JACKSONVILLE AND SOUTHWESTERN RR.-Jacksonville (Milldale) to Newberry, Fla.,
85 6 m • total track (steel, 85.6 m.), 91.6 miles. Rail, 60 Ibs. Gauge, 4 ft. 9 in. Chartered March 11. 1899 ; road
opened 38 miles in Sept., 1899 ; as above in Dec., 1899. Locomotives, 8. Cfcrs— passenger, 3 ; freight (box, 39 ;
flat, 25 ; log, 75), 139 ; service, 4— total, 146.
Ope --.— ----- - .
$145,811.
General Balance Sheet,' June 30, T90l7— Capital stock' ($100 shares), §100,000 ; 'funded debt, $500,000 ;
current liabilities, $78,806 ; interest accrued, $970 ; profit and loss, 829,519— total, $709.295. Contra : Cost of
road and equipment, $695,203 ; materials, etc., $4,211 ; cash and current assets, $9,881— total. ?709,295.
Funded Debt, June 30, 1901, consisted of $300,000 1st 6s of July 1, 1911, and $200,000 2d 6s of July 1, 1915.
Directors (elected March, 1901).— W. W. Cummer, A. G. Cummer, W. E. Cummer, Jacksonville, Fla.; J.
Cummer, Cadillac, Mich. ; H. J. Hollister, J. M. Barnett, Jas. F. Barnett, Grand Rapids. Mich. OFFICERS : J. M.
BARNETT, Pres., Grand Rapids, Mich.; J. Cummer, \st Vice-Pres., Cadillac, Mich.; W. W. Cummer, 2rf Vice-Pres.
& Gen. Mgr.; A. G. Cummer, Sec., Jacksonville, Fla.; H. J. Hollister, Treas., Grand Rapids, Mich. GENERAL
OFFICE, Jacksonville, Fla.
KANAWHA RY.— Fairfield to Acme, W. Va., 9.5 m.: Steven's Mines to Coalburg, W. Va., 10m.—
total, 19.05 miles. Gauge, 4 ft. 8^ in. Road completed in 1890. Operated under contract by the Chesapeake and
Ohio Ry. Co. No furtherinformation obtainable. OFFICERS: JOHN J. SHONK, Pres.; A. D. Shonk, Sec. & Treas.,
Plymouth, Pa.; F. L. Garrison, Supt., Coalburg, W. Va. GENERAL OFFICE, Coalburg, W. Va.
KANAWHA'AND COAL RIVER RY.— Kanawha River to Chilcon, W. Va., 14.75m.; Black
Band to Spring Hill, W. Va., 5.25 m.— total track (steel ; 48 and 56 Ibs.), 21 miles. Gauge, 4 ft. 8£ in. Chartered
June 24, 1881 ; road opened in March, 1882 ; reorganized Oct. 1, 1888. Locomotives, 2. Cars— combination, 1 ;
freight (flat, 2 ; coal, 100), 102— total, 103. Capital stock (par, $100), $175,000. Funded debt authorized— $150,000
1st mtge. 6 p. c. $1,000 bonds, dated Jan. 2, 1896, due 1921, interest Jan. and July ; none yet issued. Trustee :
Merchants1 Trust Co., Philadelphia, Pa. Cost of road, etc., $325,000. All further information refused.
Directors.— J. Wilson Humbird, Robert MacDonald, J. B. G. Roberts, J. B. G. Roberts, Jr., Cumberland,
Md.; W.N. Talley, Spring Hill, W. Va. OFFICERS : D. A. NEASE, Pres.; W. N. Talley, Aud., Spring Hill, W.
Va. GENERAL OFFICE, Spring Hill, W. Va.
KANAWHA AND POCAHONTAS RR.— Pratt, W. Va., to coal openings, 15.5 miles. Gauge,
4 ft. 8i in. Rail (steel), 75 Ibs. This is a private road, owned by Chas. Pratt & Co., 26 Broadway, N. Y. It
penetrates a coal and timber country. Construction was completed in Sept., 1900. This road has been leased to
the Chesapeake and Ohio Ry. Co., lessee to furnish motive power and operate line. OFFICERS: C.M.PRATT,
Pres.; G. Peabody Wetmore, Vice-Pres.; A. C. Bedford, Treas.; J. R. Clarke, Sec., 26 Broadway, N. Y. GEN-
ERAL OFFICE, Pratt, Kanawha County, W. Va.
KELLY'S CREEK RR.— Cedar Grove to Mammoth, W.Va., 8.5 miles. Gauge, 4 ft. 8* in. Rail(steel),
56 Ibs. Chartered in July, 1894 ; completed in 1895. Connects at Cedar Grove with the Kanawha and Michigan
Ry. Locomotives, 2. Cars— passenger, 1; freight, 3 ; other, 100— total, 104. Cost of road, etc., $73,000.
~ unton, Geo. E. Price, H. B. Smith, J. W. Dawson, Charleston, W. Va. OFFICERS :
Directors.— F. M. Stau
F. M. STAUNTON, Pres., Charleston, W. Va.; J. W. Dawson, Gen. Mgr., Mammoth, W. Va. GENERAL OFFICE,
Charleston, W; Va.
LANCASTER AND CHESTER RY.- Chester to Lancaster, S. C., 28.6m.; total track (steel, 10.60
m.), 30. 67 miles. Gauge, 3 ft. Rail, 30 to 60 Ibs. Chartered June 20, 1896. Successor, July 1, 1896, to the Cheraw
and Chester RR. Co., whose property was sold under foreclosure on June 1, 1896. (See MANUAL for 1896, page
979.) Since June 30, 1901, the gauge has been broadened to the standard. Locomotives, 2. Cars— passenger, 5 ;
baggage, etc., 1 ; freight (box, 24 ; stock, 3 ; flat, 5 ; coal, 5), 37 : service, 2— total, 45.
Operations, year ending June 30, 1901.— Trains run (mixed), 47,652 miles. Passengers carried, 18,200 ;
carried one mile, 299,939. Tons freight moved, 20,362 ; ton-miles, 482,524. Earnings (passenger, $8,770 ; freight,
$31,012 ; other, $2,205), $41,987. Operating expenses, $27,508. Net earnings, $14,478 ; other receipts, $35— total,
$14,513. Payments : Interest on bonds, $1,750 ; taxes, $1,242 ; dividends (4 p. c.), $2,000-total, $4,992. Surplus,
$9,521 ; surplus forward, $15,287— total, $24,808.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $50,000 ; funded debt (1st 7s of Jan.
1, 1917), $25,000; current liabilities, $8,838; interest accrued, $875; profit and loss, $24,808— total, $109,521. Con-
tra: Cost of road and equipment, $105,410; bills receivable, $840; cash and current assets. S3. 271— total, $109,521.
New Bonds Issued.— The 1st mtge. bonds of 1917 were retired July 1, 1901. and $135,000 5s of July 1,
1921, int. J & J., were issued in place of them and to cover the cost of changing the gauge.
Directors.— Leroy Springs, Wm. Ganson, W.T. Gregory, L. C. Payseur, JT M. Heath, R. C. McManus, E. B.
Springs, Lancaster, S. C. OFFICERS: LEROY SPRINGS, Pres. <£ Traf. Mgr.; E. B. Springs, Vice-Pro*. ; Wm.
Ganson, Treas.; R. C. McManus, Sec.; A. P. McLure, Ami., Lancaster, S. C. GENERAL OFFICE, Lancaster, S. C.
LAWRENCEVILLE BRANCH RR.— Lawrenceville to Suwanee, Ga.. 9.61 m.; total track (steel ;
30 Ibs.), 10 miles. Gauge, 3 ft. Chartered Feb. 28, 1877 ; completed in Dec., 1881. Connects at Suwanee with the
Southern Ry. Locomotive, 1. Cars— passenger, 1 ; box, 2 ; flat, 2.
Operations, year ending June 30, 1901.— Gross earnings, $5,182. Operating expenses, $4,224. Net earn-
ings, $907.
Financial Statement, June 30, 1900 (latest rendered).— Capital stock ($25 shares), $45,000 ; funded debt
(1st 7s of July 1, 1890. int. J. & J.), $30,000 ; other liabilities, $42,567— total, $117,567. Contra : Cost of road,
etc., $83,640 ; securities of other companies, $30,000.
Directors.— W. E. Simmons, T. K. Mitchell, M. E. Ewing, J. M. Wilson, Lawrenceville, Ga. OFFICERS :
T. M. PEEBLES, Pres.; J. R. McKelvey, Gen. Mgr., Lawrenceville, Ga. GENERAL OFFICE, Lawrenceville, Ga.
LITTLE KANAWHA RR.— Parkersburg to Palestine, W. Va.. 30 miles. Gauge, 4 ft. 8i in. Rail
(steel), 56 Ibs. Chartered May 6, 1896, to build a railroad from Parkersburg to Bnrnsville, W. Va.. a distance of
112 miles, passing through an important coal, oil, and timber reirion. Construction was begnn in June, 1897, and
the road was opened to Palestine in March, 1898. Company reorganized Nov. 14, 1901. Capital stock paid in
(33,000.000 auth.; $100 shares), $509,500. The company has received municipal aid to the amount of $192,500.
There is no mortgage or other indebtedness on the road.
Railroad Map of Florida.
American Bank Note Company
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1798
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2™ VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security ; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual - Railroad Map of the United States, 1902.
FLORIDA.
Railroad Map of Florida.
HE MONEY QUESTION
A HANDBOOK FOR THE TIMES
By HENRY V. POOR,
Author of "Money and its Laws," "Resumption and the Silver Question,'
"Twenty-two Years of Protection," "Poor's Manual of the
Railroads of the United States," etc., etc.
y. viii-337, Svo. C/ofA.
What is Money?
Function of Governments in the Matter of
Metallic Money.
Metallic Money of the United States.
Symbolic Money — Banks of Issue*
Savings Banks.
IVfoney by Law.
Bank of the United States.
Overthrow of the Bank and the Inflation of
the Currency.
Change of Standards. Acts of J834 and J837.
Debasement of the Silver Currency. Act of
J853.
Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency,
TABLE OF CONTENTS.
United States Notes.
United States Safety-Fund Banking System.
Gold Certificates.
Demonetization of the Silver Dollar. Ad
of J873.
Remonetization of Silver.
Act of J890.
Position of the Late Administration.
The Sound Money "Wing of the Democracy.
The Free Coinage Democracy.
Position of Present Administration.
Bi-metallism.
The Remedy.
NOTES AND ILLUSTRATIONS.
The Silver Recoinage in England*
Paper Money in France — The Mississippi Scheme.
Adam Smith.
PRICE
Sent postpaid to any address, on receipt of price.
Published and for sale by
H. V. & H. W. POOR,
Publishers of " Poor's Manual of Railroads,"
44 Broad Street, New York City,
Or, may be ordered through any bookseller.
POOR'S MANUAL OF RAILROADS. 257
Directors (elected NOT., 14, 1901).— J. T. Blair, Edward S. T«mpieton, «r««nvme. P«.; E. D. Pulton.
Union town, Pa. ; Emmet Queen, R. J. Woods, Pittsburgh, Pa. OFFICERS : J. T. BLATK, Aw., Gr«flnvl]le, Pa. :
R. J. WOODS, Sec. & Treas., PittLburgh, Pa. GENERAL OFFICE, Parkersburg, W. Va.
LIVE OAK AND GULF BY.— Projected : Live Oak, Pla., to a point on the Gulf of Mexico in
Lafayette County, Fla., 70 miles. Completed up to July 1, 1901 : Live Oak, Fla., to Peek, 18 miles. Gauge, 4 ft.
9 in. Rail (steel, 18 m.), 35, 50, and 65 Ibs. Chartered in 1894, and purchased the roadbed and all the assets
(except the franchises), of the Live Oak, Luraville and Deadman's Bay RR. Co. Locomotive, 1. Cars— pas-
senger, 1 ; flat, 2— total, 3.
Operations, year ending June 30, 1901.— Passengers carried, 6,149 ; carried one mile, 84,055. Tons freight
moved, 20,896 ; ton-miles, 376,165. Earnings (passenger, $4,105 ; freight, $17,371), $21,476. Operating expenses,
$9,873. Net earnings, $11,603.
Financial Statement, June 30, 1901.— Capital stock ($150.000 auth.; $100 shares), $100,000; funded
debt (no particulars received), $100,000— total stock and bonds, $200,000.
Directors.— R. L. Anderson, Ocala, Fla.; Charles W. White, Jas. R. White, R. K. Wartmann, Citra, Fla.;
C. J. McGehee, Live Oak, Fla. OFFICERS : R. L. ANDERSON, Pres.. Ocala, Fla.; Chas. W. White, Vice-Pres., Gen.
Mgr. & Purch. Agt.; R. K. Wartmann, Sec.; Jas. R. White, Treas., Citra, Fla.; C.J. McGehee, Supt., Live Oak,
Fla. GENERAL OFFICE, Citra, Fla.
LOUISVILLE AND WADLEY RR.-Louisville to Wadley, Ga., 10 miles. Gauge, 4 ft. 8* in.
Rail, 40 and 56 Ibs. Road opened in Oct., 1879. Connects at Wadley with the Central of Ga. Ry., and all through
freight is carried by that company. The rolling stock is used solely for local business. Locomotive, 1. Cars —
passenger, 1 ; freight (flat), 1.
Operations, year ending Sept. 30, 1901.— Earnings (passenger, $2,708; freight, $8,378; other, $1,005),
$12,091; cash on hand, $1,820— total, $13,911. Total expenditures, $11,850. Surplus, $2,061.
Financial Statement. June 30, 1901.— Capital stock, $50,000. Funded debt (1st 5s of 1910), $19,000.
Cost of road, etc., $67,000.
Directors.— W. L. Phillipps, J. G. Cain, G. W. Warren, 8. M. Clark, J. C. Little, F. A. Singerfleld, Louis-
ville, Ga.; John M. Egan, Savannah, Ga. OFFICERS : J. C. LITTLE, Pres. & Svnt.; J. G. Cain, Vice-Pres. ; S. M.
Clark, Treas.; G. W. Warren, Sec., Louisville, Ga. GENERAL OFFICE, Louisville, Ga.
MACON AND BIRMINGHAM RY.— Projected : Macon, Ga., to Birmingham, Ala., 230 miles.
Completed : Sof kee, Ga.. to La Grange, Ga., 96.87 m.; trackage, G. S. & F. Ry., Macon to Sofkee, Ga., 8 m.— total
operated, 104.87 miles. Sidings, etc., 1.40 miles. Gauge, 4 ft. 8i in. Rail (steel), 70 Ibs. Chartered May 27, 1896,
as successor to the Macon and Birmingham RR. Co. (See MANUAL for 1895, page 171.) Locomotives, 4. Freight
cars (box, 77 ; flat, 56 ; coal, 4), 137 : service, 1— total, 138.
Operations, year ending June 30, 1901.— Trains run (passenger, 80,999 ; freight, 35,525), 116,524 miles.
Passengers carried, 44.888 ; carried one mile, 1,103,838. Tons freight moved, 83,398 ; ton-miles, 5,469,514. Earn-
ings (passenger, $27,382 ; freight, $74,968 ; other, $6,032), $108,382. Operating expenses, $113,162. Deficit (in-
cluding interest on bonds accrued but not paid, $25,000 ; taxes, $4,534— total, $29,534), $34,314 ; deficit forward,
$164,738— total, $199,052.
Q-eneral Balance Sheet, June 30, 1901.- Capital stock ($100 shares), $500,000 ; funded debt (1st 5s of
July 1, 1946), $500,000 ; current liabilities, $21,486 ; interest accrued, $125,000 ; bills payable, $72,134— total,
$1,218,620. Contra : Cost of road and equipment, $1,000,000 ; La Grange Terminals, $3,500 ; materials, etc., $190 ;
cash and current assets, $15,879 ; profit and loss, $199,051— total, $1,218.620.
Directors.— F. M. Edwards, Boston, Mass.; L. F. Garrard, G. Y. Tygner, Tol. Y. Crawford, Columbus,
Ga. ; Julian R. Lane, Macon, Ga. OFFICERS : F. M. EDWARDS, Pres., Boston, Mass. ; T. Y. Crawford, Vice-Pres.,
Columbus, Ga. ; B. C. Parsons, Sec., Boston, Mass. ; E. R. Henderson, And. ; Julian R. Lane, Gen. Mgr., Macon,
Ga. GENERAL OFFICE, Macon, Ga.
MACON, DUBLIN AND SAVANNAH RR.-Macon to Dublin, Ga., 54 m.; total track (steel ;
56 Ibs.), 55 miles. Gauge, 4 ft. 8i in. Chartered Aug. 6, 1885; road completed as above in 1891. Built by the
Illinois and Georgia Improvement Co., of Chicago, 111. Surveys completed for extension to Savannah, 113 miles
from Dublin. Locomotives, 3. Cars — passenger, 3 ; baggage, etc, 1 ; freight (box, 14 ; flat, 30), 44 ; caboose, 1
—total, 49.
Operations, year ending June 30, 1901.— Trains run (passenger, 7,020 ; freight, 10,664 ; mixed, 33,264 ;
other, 2,092), 53,040 miles. Passengers carried, 30,306 ; carried one mile, 765,341. Tons freight moved, 47,675 ;
ton-miles, 1,531,819. Earnings (passenger, $21,021 ; freight, $52,914 ; other, $5,111), $79,046. Operatinir expenses,
$71,602. Net earnings, $7,444 ; other receipts, $279— total, $7,723. Paid taxes, $3,452. Surplus, $4,271 ; surplus
forward, $79,608— total, $'83,879.
Financial Statement, June 30, 1901.— Capital stock paid in ($3,200,000 auth.; $100 shares), $1,280,000.
Cost of road and equipment, $1,375,000. Under date of July 1, 1901, the company executed a mortgage in favor of
the American Trust and Savings Bank, Chicago, 111., as Trustee, to secure an issue of 1st mtge. 5 p. c. 50-yr. gold
bonds to the amount of $1,500,000, maturing July 1, 1951. The bonds are issued at the rate of $15,000 a mile for
the construction of the extension from DnDlin to Vidalia. They are $1,000 gold bonds, in coupon form, with
privilege of registration as to principal. They are subject to redemption at 110 p. c. and accrued interest on 30
days' notice. Interest payable on Jan. 1 and July 1, at the office of the trustee and at the National Bank of the
Republic, New York, N. Y.
Directors.— T. D. Catlin, Ottawa, 111.; J. M. Stubbs, Dublin, Ga.; C. G. Smith, James T. Wright, Macon,
Ga.; D. M. Hughes, Danville, Ga.; A. C. Soper, Chicago, 111.; C. E. Lucky, Knoxville, Tenn. OFFICERS : T. D.
CATLIN, Pres., Ottawa, 111.; D. M. Hughes, Vice-Pres., Danville, Ga.; J. T. Wright, Vice-Pres. & Treas.; C. G.
Smith, Sec., Macon, Ga. GENERAL OFFICE, Macon, Ga.
MARION AND RYE VALLEY RY.— Marion to Currin Valley, Va., 6.5 m.; total track, 6.66 miles.
Gauge, 4 ft. 8£ in. Rail (steel), 56 Ibs. Reorganization June, 1900, of the Marion and Rye Valley RR. (see
MANUAL for 1900, page 410). Locomotive,!. Car (flat), 1.
Operations, year ending June 30, 190_1.— Tons of freight moved, 11,574. Earnings (freight), $2,047. Oper-
ating expenses, $3,213. Deficit from operations, $1,166. Payments: Interest on bonds, $1,950; taxes, $28 — total,
$1,978. Deficit for year, $3,144.
Financial Statement, June 30, 1901.— Capital stock, $25,000; funded debt (1st 6s of July 1, 19201, $32,500
— total stock and bonds, $57,500.
Directors.— Jno. S. Apperson, B. F. Buchanan, W. B. Jackson, Marion, Va.; Geo. W. Miles, Radford,
Va. ; Edward L. Stone, Julius B. Fishburn, Roanoke, Va. ; Jas. L. White. Abingdon, Va. OFFICERS : EDWARD
L. STONE, Pres., Roanoke, Va.; Geo. W. Miles, Vice-Pres. & Gen. Mgr., Radford, Va.; Jno. S. Apperaon, Sec. &
Treas., Marion, Va. GENERAL OFFICE, Marion, Va.
MILLEN AND SOUTHWESTERN RR.— Millen to Stillmore, Ga.,32m.; Monte to Monte June.,
2.25 m.— total, 34.25 miles. Rail (steel, 33.73 m.), 30 to 60 Ibs. Gauge, 4 ft. 8i in. Reorganization, Oct. 28, 1897,
of the Millen and Southern Ry. Co., whose property was sold under foreclosure Oct. 15, 1897. (See MANUAL for
1897, page 165.) Locomotives, 3. Cars— passenger, 4 ; freight (flat), 2 — total, 6.
17
258 POOR'S MANUAL OF RAILROADS — SOUTH ATLANTIC GROUP.
Operations vcar ending June 30, 1901.— Passengers carried, 82,044. Tons freight moved, 36.053. Earn-
fescnger. •Jia.OSB i freight, $26.748: other, 38,706), $42,485. Operating expense*, $33,046 ; taxes, $271—
total *i83 31? Surplus, S'.i.His ; surplus forward, $9,950— total. $19.118.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares). $39,000 : current liabilities, $23,762 ;
profit and kwf. $19,118— total, $81.880. Contra: Cost of road and equipment, $64,785 ; securities owned, $1,000 ;
other investments, $1,136 : materials, etc., $4.357 ; cash and current assets, (10.608— total, $81,880.
Directors. — B. B. Burden, Graymont, Ga.; W. M. Dnrden, Frank R. Burden, C. A. Graybill, Lester Q.
Roberts. Monte, Ga.; A. N. Burden, Kilburn, Ga. OFFICERS : B. B. DUKDKN, Prats.; W. M. Dnrden, Ho--
Preg.; Frank R. Burden, Sec., Treat:. ,(• <;?n. .Mgr., Monte, Ga. JTENERAL OFFICE, Monte, Ga.
MORGANTOWN AND KINGWOOD RR.-Projected : Morgantown to Kingwood, W. Va., 26
miles. Completed np to Jan. 1, 1902 : Morgantown to Preston County Line, 13 miles. Gauge. 4 ft. 8J in. Kail
(steel), 65 Ibs. Chartered Jan. 14, 18!>9. Locomotives, 2. Cars— freight. 18 ; service, 4 — total, 22. Capital stock,
$200.000 ; other liabilities, $50,000— total, $250,000. Cost of road to date, $260,000 ; estimated cost of road to com-
pletion, $520,000.
Directors.— Geo. C. Sturgiss, J. A. Martin, J. H. Stewart, R. A. Vance, S. G. Chadwick, Jr.. Morgantown,
W. Va. OFFICERS. GEO. C. STURGISS. Preg. <k Treas.; J. A. Martin, Vice-Pres., Svpt. & Purch. Aqt.; s. G.
'Chadwick, Jr., Sec.; R. L. Morris, Chief Ettg., Morgantown, W. Va. GENERAL OFFICE, Morgantown, W. Va.
MOUNT AIRY AND EASTERN RY.— Mount Airy, N. C., to Goings, Va., 15.75 miles. Sidings.
about 0.75 miles. Gauge. 3 ft. Rail i steel), 30 to 56 Ibs. Chartered May 3, 1899 ; road opened Feb. 1, 1900. The
property was placed in the hands of a receiver on May 11, 1901. Locomotives (1 leased), 2. Cars— passenger,
1; freight (flat), 12— total, .13.
Operations, yeur ending May 31, 1901.— Earnings (passenger, $264; freight, $9,308), $9,572. Operating
expenses, not reported. Paid interest on bonds, $3.340.
Financial Statement, May 31, 1901.— Capital stock ($25,990 auth. ; $10 shares), $23,500 ; trust mortgage
(consisting of 9 notes for $3,33,i.S4 each, interest 5 p. c. ; one note due each Jan. 1 to 1909). $30,059.
Directors.— T. E. Houston, Elkhorn, W. Va.: W. W. Whyte, W. L. Taylor, Welch. W. Va.; W. H. Tunis,
Baltimore. Md. OFFICERS: C. B. KEESEE. Etctirer. Mount Airy, N. C.;T. E. HOUSTON, Preg., Elkhorn, W.
Va.: W. H. Tunis, Vtee-Pre* , Baltimore. Md.; W. L. Taylor, Vice-Preg.; W. W. Whyte, Sec. & Treat., Welch,
W. Va. GENERAL OFFICE, Mount Airy, N. C.
NEW HANOVER TRANSIT CO.— Wilmington, N. C., to Carolina Beach, 3m.; total track (steel),
4.5 miles. Gauge. 4 ft. Hi in. Chartered May, 1895. Locomotive,!. Cars— passenger, 4 ; freight (flat), 1— total,
5. Capital stock ($17,500' auth.). $8,650 ; funded debt, $2.500. Cost of road, $5,000.
Directors. — John W. Harper, Southport, N. C.; J. C. Stevenson, Daniel O'Connor, Lewis II. Skinner, Alex.
D. Brown, H. C. McQueen, W. L. Smith, Wilmington, N. C. OFFICERS : H. C. McQuEEN, Pres.; D. O'Connor,
Vice-Pres.; Jas. C. Stevenson, Sec. d Treas.; John W. Harper, Qen. Mgr., Wilmington, N. C. GENERAL OFFICE,
Wilmington, N. C.
NORFOLK AND PORTSMOUTH BELT LINE RR.-Port Norfolk to Berkley, Va., 5.8 m.;
total track (steel; 60 and 70 Ibs.), 8.2 miles. Gunge, 4 ft. 8f in. Chartered Jan. 12, 1898 ; road opened Sept. 26,
1898. Organized under charter of Southeastern and Atlantic RR. Co., approved March 4. 189G ; charter amended
and name changed Jan. 12, 1898. This road is owned jointly by the Norfolk and Western Ry., New York, Phila-
delphia and Norfolk RR.. Norfolk and Southern RR., Seaboard Air Line Ry., Atlantic Coast Line RR.,
Southern Ry., Atlantic and Bauville Ry., and Chesapeake and Ohio Ry., and its present operation is for the inter-
change of freight cars between these roads. Locomotives, 2.
Operations, year ending June 30, 1901 .—Earnings (freight, $61,946 ; other, $701), $62,647. Operating ex-
penses, $33,681. Net earnings, $28,966. Payments: Interest on bonds, $12,500 ; other interest, $1,500 ; taxes,
$744— total, $14,744. Surplus; $14,222 : surplus forward, $11,037— total, $25,259.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($50,000 auth.; $100 shares), $49,600 ;
funded debt (1st 5s of Feb. 1, 1938), $250.000 ; current liabilities, $33,508 ; interest accrued, $5,208 : profit and
loss, $25.259— total, $363,575. Contra : Cost of road and equipment, $334,836 ; cash and other assets. $28,740—
total, $363,575.
Directors (elected April 2, 1902).— Wm. A. Patton, F. J. Kimball, Philadelphia, Pa.: W. G. Elliott, Wilming-
ton, N. C.; A. B. Andrews. Raleigh, N. C.; L. R. Watts, Portsmouth, Va. ; John Carstensen, New York. N. Y.;
Becatur Axtell, Richmond, Va.; Charles O. Haines, Norfolk, Va. OFFICERS : WM. A. PATTON, Pres., Philadelphia,
Pa.; John Carstensen, Vice-Pres., New York, N. Y.; Caldwell Hardy, Treas.. Norfork, Va.; O. J. BeRousse, Sec.
& Aud., Philadelphia, Pa. GEI*ERAL OFFICE, 26 So. 15th St., Philadelphia, Pa.
NORTHAMPTON AND HERTFORD RR.-Projected : Gumbeiry, N. C., to Chowan River, 40
miles. Completed up to June 30, 1900: Gumberry to Jackson, N. C., 9 miles. Gauge, 4 ft. 9 in. Organized Oct.
6, 1893, as successor to the Gumberry and Jackson RR. and Lumber Co. ; road opened Jan. 17, 1894. Locomotive,
1. Car (combination), 1.
Operations, year ending June 30, 1901.— Gross earnings, 38,550. Operating expenses, $6.347. Net earnings,
$2,203. Seductions : Taxes, $141 ; miscellaneous, $2,567— total, $2,708. Beficit, $505 ; surplus forward, $10,048 ;
net surplus, $9,543.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock ($100 shares), $25,000; profit
and loss, S10,048— total, $35,048. Contra : Cost of road and equipment, $30,100 ; materials, etc., $11 ; current
assets, $4,037— total, $35.048.
Directors.— J. S. H Clark, G. H. Clark, Jr., Newark, N. J.; Phil. Meisel, Jr., Richmond, Va.: F. Kell,
Gumberry. N. C.; Louis Edwards, Long Branch, N. J.; N. E. Buchanan, Anbury Park, N. J.: H. W. Lewis,
Jackson. N. C. OFFICERS : J. S. H. CLARK, Pres.; Geo. H. Clark, Jr., Vice-Pres. <fc And., Newark, N. J.; Phil.
Meisel, Jr., Sec. & Treas., Richmond, Va. ; F. Kell, Qen. Mgr., Gumberry, N. C. GENERAL OFFICE, Gumberry,
N. C.
OFFERMAN AND WESTERN RR.— Offerman to Nicholls. Ga., 35 m.; total track (steel ; 56 Ibs.),
36.25 miles. Gauge, 4 ft. 81 in. Chartered June 22, 1899 ; road opened, March 12, 1900. Locomotives, 3. Cars—-
passenger, 2 ; baggage, etc., 2 ; freight (flat), 10 — total. 14.
Operations, year ending June 30, 1901.- Earnings (passenger. $3.291 : freight, $56,276; other, $736), $60,303.
Operating expenses, $26.368. Not earnings, $33,934. "Paid dividends, $22,(i54. Surplus, $11.2S1.
Financial Statement, June 30, 1901.— Capital stock ($200,000 anth.; $100 shares), $114,000. Cost of
road, etc., $114,000. Cash and current assets, $23,637'.
Directors (elected Feb. 12, 1901).— Henry P. Talmadge, New York, N. Y.; John J. McBonough, Wm. B.
Stillwell, J. A. G. Carson. W W. Gordon, Jr., Charles Ellis, Joseph Ferst. Savannah, Ga. OFFICER? : HKNUY
P. TALMADOE, Pres.. New York, N. Y.; John J. McBonough, llce-l^res.; Wm. B. Stillwell, Sec. & Treas.. Savan-
nah, Ga. GENERAL OFFICE, Offerman. Ga.
Va.
boro
(box, 1 ; flat, 7), 8— total, 10.
POOR'S MANUAL OF RAILROADS. 259
Operations, year ending Dec. 81, 1901.- Earnings (passenger, $4,200; freight, $5,312; mail, $417), $9,929.
Operating expenses, $3,900. Net earnings, $6,029. Paid interest on bonds, $900. Surplus for year, $5.129.
General Balance Sheet, Dec. 81. 1901.— Capital stock ($100 shares), $9,900; funded debt (1st 6s of
March, 1901), §14,000 ; profit and loss, $5,129— total, §29,029. Contra : Cost of road, $28,900 ; cash, $5,129— total
$29,029.
Directors.— Lora Duty, H. N. Sharp, M. K. Duty, Pennsboro', W. Va.; H. B. McKinley, Salem, W. Va.;
H. H. Howard, Snmmersville, W. Va. OFFICERS : M. K. DUTY, Pres., Treat. & Gen. Mgr.; H. N. Sharp, Sec.,
Pennsboro', W. Va. GENERAL OFFICE, Pennsboro', W. Va.
PENSACOLA, ALABAMA AND TENNESSEE RR.-Millyiew to Muscogee. Fla., 15m.; total
track (steel; 5(i Ibs.), 15.5 miles. Leased: Pensacola and Perdido KR., 10.5 miles. Gauge, 4 ft. 9 in. Chartered
Oct. 15, 1892, as the Pensacola Northern RR. Co. ; name changid Nov. 3, 1892. Locomotives, 4. Cars— passenger,
1; freight (flat, 52; lumber, 77), 129— total, 130. Capital stock authorized ($100 shares), $20,000 per mile. Bonds
authorized, $20,000 per mile ; none yet issued. All information refused bv the officers of this company.
Capital stock, $125,000; funded debt (see General
Index), .$60,000— total, $185,000. Contra: Cost of
property, $250,365; materials and fuel, $5,650; cash
assets, $3,693. H. McLaughlin, Pres. ; S. R. Dish-
man, Sec. & Treas. General Office, Pensacola, Fla.
PENSACOLA AND PERDIDO RR.— Pensacola
to Millview, Fla., 8 m.; branch to wharf, 2.5 m. —
total, 10.5 miles. Rail (steel, 4 m.), 35 and 40 Ibs.
Gauge, 4 ft. 9 in. Chartered July 22, 1869; opened
May 1, 1870. Leased to the P., A. & T. RR. Co.
Directors (P., A. & T. RR. Co.).— Oscar G. Murray, Cincinnati, O.; Henry McLaughlin, L. Hilton Green,
C. H. Dishman, S. R. Dishman, Joseph Wilkins, Pensacola, Pla. ; J. Waldo, St. Louis, Mo. OFFICERS : HENRY
MCLAUGHLIN, Pres.; L. Hilton Green, Vice-Pres.; S. R. Dishman, Treas.; C. H. Dishman, Sec., Pensacola, Fla.
GENERAL OFFICE, Pensacola, Fla.
PICKENS RR.— Projected : Easley via Pickens to Oolenoy Gap, S. C., 19 miles. Completed, July 1,
1900 : Easley to Pickens, 9 m.; total track (steel ; 60 Ibs.), 9.3 miles. Gauge, 4 ft. 8| in. Chartered in 1390 ; road
opened to Pickens in May, 1898. Connection is made with the Southern Ry. at Easley. Locomotive, 1. Cars-
passenger, 2 ; freight (box, 2 ; flat, 5), 7 — total, 9.
General Balance Sheet, June 30, 1901.— Capital stock ($1,000,000 auth.; $100 shares), $63,000; funded
debt (1st gold 5s of Feb. 1, 1928), $29,000; accrued interest and taxes, $1,622— total, $93,622. Contra: Cost of
road and equipment, $92,000. Excess of liabilities, $1,622.
Directors.— J. E. Boggs. J. P. Carey, J. T. Taylor, J. McD. Bruce, W. T. McFall, Pickens, S. C.; J. T.
Lewis, Andersons Mills, S. C.; L. R. Dalton, Dalton, S. C.; J. E. Hagood, Charleston, S. C.; W. J. Oliver, Lang-
ley. S. C. OFFICERS : J. E. BOGGS, Pres. & Purck. Agt., Pickens, S. C.; W. J. Oliver, Vice-Pres., Langley, S. C.;
J. McD. Bruce, Treas.; J. P. Carey, Sec.; J. T. Taylor, Gen. Mgr., Pickens, S. C. GENERAL OFFICE, Pickens,
S. C.
PICKENS AND HACKER'S VALLEY RR.-Projected : Pickens to Hacker's Valley, W. Va.,
15 miles. Completed, Jan. 13, 1902 : Pickens to Holly River, W. Va., 10 miles. Gauge, 3 ft. Rail (steel), 30 and 35
Ibs. Chartered Sept. 11, 1899. This road is being built in connection with the lumbering interest of Henry Spies,
of Pickens, W. Va. Locomotives, 2. Cars, 14. Capital stock, authorized and subscribed. $10,000.
Directors.— Henry Spies, Lina Spies, E. F. Rummer, Pickens, W. Va. ; A. C. Mace, E. J. Mace, Hacker's
Valley, W. Va. OFFICERS : HENKY SPIES, Pres. & Treas., Pickens, W. Va.; E. J. Mace, Vice-Pres., Hacker's
Valley, W. Va.; E. F. Kummer, Sec., Pickens, W. Va. GENERAL OFFICE, Pickens, W. Va.
PORT INGLIS TERMINAL RR.— Rockwell to Inglis, Fla., 15 m.; total track, 17 miles. Gauge, 4
ft. 8} in. Rail (steel), 60 Ibs. Chartered Feb. 27, 1899; road built in 1899. Operated in connection with Dunnellen
Phosphate Co. Locomotives, 2. Cars— passenger, 1 ; freight, 14— total cars, 15. Capital stock authorized, §400,-
000; paid in, $100,000. Cost of road, etc., $90,000. Annual meeting in February.
Directors.— H. D. Anchincloss, Ralph Barker, J. W. Auchincloss, New York, N. Y. ; John L. Inglis, Ottis
T. Green, Alexander Bigelow,Rockville, Fla.; Alexander Wyllie, London, Eng. OFFICERS : H. D. AUCHINCLOSS,
Pres., New York, N. Y. ; J. L. Inglis, Vice-Pres. & Gen. Mgr., Rockville, Fla. ; Ralph Barker, Sec. & Treas.,
New York, N. Y. GENERAL OFFICE, Rockwell, Fla.
POTOMAC, FREDERICKSBTJRG AND PIEDMONT RR.-Fredericksburg to Orange Court
House, Va., 38 m.; total track (steel, 3 m.), 40 miles. Gauge, 3 ft. Rail— steel, 45 to 64 Ibs. ; iron, 35 to 64 Ibs.
(For history, see MANUAL 1894. page 160.) Locomotives, 2. Cars — passenger, 3 ; freight (box, 11 ; flat, 28), 39
—total, 42.
Operations, year ending June 30, 1901.— Trains run (passenger, 700 ; freight, 3,470; mixed, 24,960) 29,200
miles. Passengers carried, 9,048 ; carried one mile, 163,377. Tons freight moved, 25,710 ; ton-miles, 661.29!).
Earnings (passenger, $5,969; freight, $27.073 ; other, $2,511), $35,553. Operating expenses, $23,023. Net earn-
ings, $12,530; other receipts, $315— total, $12,845. Payments: Interest on bonds accrued, $10,431 ; on floating
debt, $483 : taxes, $1,259— total, $12.173. Surplus, $672.
General Balance Sheet, June 30, 1901.— Capital stock ($1,460,000 auth. ; $100 shares), $460,000; funded
debt, §308,000; other debt, $11,659: current liabilities, $3,229; interest accrued, $1,095: profit and loss, $210,847
—total, $994,830. Contra: Cost of road and equipment, $987,893; lands owned, $200; materials, etc., $2,046; cash
and current assets, $4,891— totad, $994,830.
Funded Debt, June 30, 1901, consisted of §58.000 1st 6s of April 15, 1908, and $250,000 2d 6s of June 10, 1908.
Directors.— L. Harry Richards, Geo. W. Richards, Philadelphia, Pa. ; W. H. Richards, W. H. Richards, Jr.,
Fredericksburg, Va. ; Robert L. Hayes, West Chester, Pa. OFFICERS : L. HARRY RICHARDS, Pres., Philadelphia,
Pa.; S. G. Daniel, Sec. pro tern. ; W. H. Richards, Treas,, Gen. Mgr. & Aud., Fredericksburg, Va. GENERAL
OFFICE, Fredericksburg, Va.
POWELLTON AND POCAHONTAS RY.— Mt. Carbon to Powellton, W. Va., 5 m.; Powell ton
to Vulcan, 3 m.— total (steel : 56 Ibs.), 8 miles. Gauge, 4 ft. 8£ in. Chartered Nov. 30, 1891 ; road opened in 1885.
Operates the property under lease, net earnings going to the lessors. The road is owned by the Mount Carbon
Co., Limited, of Powellton, W. Va., and none of its securities are on the market. Equipment (leased) : Loco-
motives, 2. Cars— passenger, 2 : freight (coal, 30 ; flat, 3), 33 ; other, 2— total, 37. Capital stock paid in ($25,000
auth.; $100 shares), $1,300. Cost of road, etc., $150,000.
Directors. --Evan Powell, G. H. Powell, L. E. Rupert, H. P. Devonshire, Philadelphia, Pa. ; D. T. Evans,
Powellton, W. Va. OFFICERS : EVAN POWELL, Prfs. ; D. T. Evans, Sec., Treas. & Gen. Mgr. ; C. A. Cabell,
Aud., Powellton, W. Va. GENERAL OFFICE, Powellton, W. Va.
RALEIGH AND CAPE FEAR RY.— Caraleigh Mills to Sippahaw, N. C., 19 m.; trackage (Southern
Ry.), RaleiL'h to Caraleigh Mills, N. C., 1.8 m.— total operated, 20.8 m.; total track (steel; 40 Ibs.), 28 miles.
Gauge, 4 ft. 8J in. Chartered in March, 1898 ; road opened in Jan., 1899. Locomotives, 2. Cars— passenger, 2;
freight (box, 5; flat, 20), 25— total, 27. Capital stock, $62,000; funded debt, $60,000. Cost of property up to June
30, 1901, $92,670.
260 POOR'S MANUAL OF EAILROADS — SOUTH ATLANTIC GROUP.
Operations, year ending June 30, 1901.— Earnings (passenger, $4,846; freight, $19,808), $24,654. Operating
•xpanaes, $11,720. Net earnings, $12,934. Payments: Taxes, $227; permanent improvement*, $0,850— total,
$C,677. Surplus, $6,357.
Directors.— John A. Mills, J. R. Chamberlain, P. O. Moning, K. B. Johnson, F. T. Ricks, Raleigh, N. C.;
T. B. Upchurch, W. J. Upcharch, Raeford, N. C. OFFICERS: JOHN A. MILLS, Pres. & Gen. Afffr.;T. B. Up-
church, Vice-Pret.; F. T. Ricks, Treat. & Sec., Raleigh, N. C. GENERAL OFFICE, Raleigh, N. C.
ROCKBRIDGE ALTTM AND GOSHEN KB.— Alum Springs Switch to Rockbridge Alum Springs,
Va., 2 m.; Virginia and Western RR., Goshen to Alum Springs Switch, 6 m.— total, 8 miles. Gauge, 3 ft. Rail
(steel), 35 and 60 Ibs. Organized March 1, 1892. The road owned by the Victoria Furnace Co., 6 m.', is leased lor
ten years at a rental of $000 a year. Locomotive,!. Cars— passenger, 1; freight (box), 2— total, 3. This com-
pany refuses all information.
Financial Statement, June 30, 1900 (latest rendered).— Capital stock ($100 shares), $10,000 ; funded
debt (4 p. c. bonds), $20.000— total, $30,000. Cost of road and equipment, $9,855.
Directors.— James A. Frazier, Rockbridge Alum Springs, Va. ; W. G. McCormick, Chicago, 111. OF-
FICERS : JAMES A. FRAZIBR, Pres., Sec. <f- Treas., Rockbrid<?e Alum Springs, Va. ; W. G. McCormick, Vice-Pres,,
Chicago, 111. GENERAL OFFICE, Rockbridge Alum Springs, Va.
ST. AUGUSTINE AND SOUTH BEACH BY. -St. Augustine to South Beach, Fla., 5 miles.
Rail— steel (1.5 m.), 26 Ibs. ; iron, 30 Ibs. Gauge, 3 ft. Chartered May 27, 1886 ; road opened in 1889. (See MANUAL
for 1899, page 479.) The company is in process of reorganization. Locomotive,!. Cars— passenger, 2 ; freight
(flat, 2), 4.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($50,000 auth.; $100
shares), $30,000 ; funded debt, $37,000— total, $67,000. Contra : cost of road, etc., $24,000 ; real estate, etc ,
$8,000; bridge, roads, etc., $35,000 —total, $67,000.
Funded Debt.— Funded debt outstanding on June 30, 1900, consisted of $15,000 1st 7s of Aug. 1, 1905,
int. F. •& A. ; and $22,000 2d 7s of Aug. 1, 1901, int. F. & A
Directors (elected Jan. 28, 190jl).— H. J. Ritchie, H. Lindsley, G. W. Grant, St. Augustine, Fla. OFFICERS :
H. J. RITCHIE, Pres. & Gen. Mgr.; H. Lindsley, Vice-Pres. & Sec., St. Augustine, Fla. GENERAL OFFICE, St.
Augustine, Fla.
SANDERSVILLE KB,.— Sandersville to Tennille, Ga., 4 miles. Rail (steel), 60 Ibs. Gauge, 4 ft. 8} in.
Chartered Nov., 1893. The company owns the right of way, depot grounds, etc., but leases its rolling stock from
the Central of Ga. Ry. Locomotive, 1. Car— passenger, 1. Gross earnings, year ending June 30, 1900, $10,617.
Operating expenses, $7,652. Net earnings. $2,965. Capital stock ($100 shares), $10,000.
Directors.— Louis Cohen, D. C. Harris, H. E. Cohen, Sandersville, Ga.; Herman Bashinsky, Tennille, Ga. ;
G. D. Warthen. OFFICERS : Louis COHEN, Pres. <£- Gen. Mgr. ; George D. Warthen, Vice-Pres. ; D. C. Harris,
Treas. ; Herman Bashinsky, Sec. <t And., Sandersville, Ga. GENERAL OFFICE, Sandersville, Ga.
SAVANNAH AND STATESBOBO BY.— Cuyler to Statesboro, Ga., 33.90 miles. Gauge, 4 ft. 8} in.
Rail (steel), 30, 40, and 50 Ibs. Chartered in Oct., 1897, as successor to the Cuyler and Woodburn RR. Co., whose
property was sold under foreclosure on March 12, 1897. (See MANUAL for 1898, page 1H5.) The extension from
Woodburn to Statesboro, 19.5 miles, was completed June 1, 1899. Locomotives, 3. Cars, 3. Gross earnings,
year ending June 30, 1901, $36,424. Operating expenses, $22.120. Net earnings, $14.304. Capital stock paid
in ($300,000 auth.), $30,000. OFFICERS: STILSON HUTCHINS, Prex. ; Lee Hutching, Vice-Pre*. ; W. J. Dante,
Treas. & Sec., Washington, D. C. ; W. F. Wright, Gen. Supl., Statesboro, Ga. GENERAL OFFICE, Statesboro, Ga.
SMITHONIA, DANIELSVILLE AND CABNEBSVILLE BB.-Smithonia to Duulap,
Ga., 7 miles. Gauge, 4 ft. 8| in. Rail (steel), 30 Ibs. Chartered Nov. 13, 1889. Capital stock authorized, $300,000.
No bonds. Road leased to and operated by James M. Smith, Smithonia, Ga. All information refused. OF-
FICERS : S. C. O'KELLT, Pres. ; David W. Meadow, Vice-Pres., Sec. & Treas., Danielsville, Ga. ; James M. Smith,
Lessee & Gen. Mgr., Smithonia, Ga.
SOUTH CABOLINA AND GEOKGIA EXTENSION BY.— Marion, N. C., to Camden, S. C.,
171.3 m. ; Blacksburg to Gaffney, S. C., 10.5 m.— total, 181.8 m. ; total track (steel : 56 Ibs.), 195.74 miles. Gauge,
4 ft. 9 in. Chartered March 1, 1899, to take over the portion of the Ohio River and Charleston Ry. which was sold
under foreclosure on Aug. 1, 1898. (See MANUAL for 1899, page 478.) In June, 1902, this road was merged into
the " Southern Ry., Carolina Division," a leased road of the Southern Ry. Co. Locomotives, 9. Cnra— paraenger,
7 ; baggage, etc., 2 ; freight (box, 158 ; stock, 2 ; flat, 70 ; coal, 9), 239 ; caboose, 4 ; other, 9— total, 261.
Operations, year ending June 30, 1901.— Trains run (passenger, 1 25,914 ; freight. 66,664 ; mixed, 42,744),
235,322 miles. Passengers carried, 81,830; carried one mile, 1,977,900. Tons freight moved, 168,550; ton-miles,
6,498,000. Earnings (passenger, $61,924; freight, $204,026; other, §14,061), $280,011. Operating expenses. $215.974.
Net earnings, $64,037. Payments: Interest on bonds, $49,140; taxes, $14,986— total, $64,126. Deficit, $89; deficit
forward, $19,444— total, $19,533.
General Balance Sheet, June 30, 1901.— Capital stock ($1,000,000 auth.; $100 shares), $500,000; funded
debt (1st gold 4£s of March 1, 1929), $1,092,000 ; current liabilities, $54,729; interest accrued, $16,880— total,
$1,663,109. Contra: Cost of road and equipment, $1,592,000; materials, etc., $700: cash and current assets, $50,876;
profit and loss. $19,533— total, $1,663.109.
Directors.— F. E. Blackwell, W. T. Eldridge, G. G. Haven, Jr., Price Collier, Emory Lyon, C. D. Chapman,
C. L. F. Robinson, F. K. Sturgis, New York, N. Y. ; Samuel Hunt, Cincinnati, O. ; P. J. Sinclair, Marion, N. C.
OFFICERS : SAMUEL HUNT, Pres. & Gen. Mgr., Cincinnati, O. ; G. G. Haven, Jr., Vice-Pres.; C. D. Chapman,
Sec. & Treas., New York, N. Y. ; Thos. Hunt, Local Treas. ; W. D. Gray, Gen. Aud., Cincinnati, O. GENERAL
OFFICE, Cincinnati, O.
SOUTH GEOBGIA BB.— Heartpine, Ga. to Greenville, Fla., 51 m. ; sidings, 2 m. : total track
(steel ; 40 and 56 Ibs.), 53 miles. Gauge, 4 ft. 8J in. Chartered Feb. 6, 1896 ; road opened from Heartpine, Ga.,
to Quitman, Ga., 28 miles, in March, 1897 ; extension from Quitman, Ga., to Greenville. Fla., 23 miles, opened
on Oct. 1, 1901. Locomotives, 4. Cars— passenger, 4 ; baggage, etc., 3 ; service, 25— total, 32. Of this equip-
ment, 2 passenger and 2 baggage, etc., cars are held under car trusts.
Operations, year ending June 30, 1901.— Earnings (passenger, $5,173 ; freight, $36,969 ; other, $3,561), $45,-
702. Operating expenses, $22,861. Net earnings, $22,841. Payments: Interest on bonds, $1,600; taxes, $725—
total, $2,325. Surplus, $20,516; surplus forward; $53,043— total, $73,559.
General Balance Sheet, June 30, 1901.— Capital stock ($65,000 auth.; $100 shares), §58,000; funded debt
outstanding (1st mtge. 8s, due $5.000 each Dec. 1 to 1903), $15,000; current liabilities, $121,907; interest accrued.
$700; forfeited installments stock, $485; profit and loss, $73,559— total, $269,651. Contra: Cost of road and
equipment, $255,504; cost of Smiles trams, $12,000; materials, etc., $2,147— total, $269,651.
Directors.— J. W. Oglesby, Z. W. Oglesby, S. S. Rountree, F. J. Spain, E. A. Jelks, R. C. Mclntosh, J. G.
McCall, M. Brice, J. O. Morton, Quitman, Ga. OFFICERS : J. W. OQLESBY, Pres. ; R. C. Mclntosh, Vice-Pies. ;
C. T. Tillman, Sec. & Treas.; Z. W. Oglesby, Supt.; J. A. Le Conte, Aud., Quitman, Ga. GENERAL OFFICE,
Quitman, Ga.
POOR'S MANUAL OF RAILROADS. 261
STILLMORE AIR LINE RY.— Collins to Swainsboro', Ga., 34 m. ; Swainsboro' to Wadley, Ga. 20
m.; total track (steel; 40 and 56 Ibs.), 57 miles. Gauge, 4 ft. 8J in. Chartered Nov. 17, 1892; road opened in
July, 1893 ; opened as above about Feb. 1, 1901 ; a further extension to Avera, Ga., 20 m., is projected^ Loco-
motives, 5. Cars— passenger, 2 ; baggage, etc., 1 ; caboose, 1— total, 4.
Operations, year ending June 30, 1901.— Earnings (passenger, $11,744 ; freight, $17,126), $28,870. Operat-
ing expenses, $26,871!. Net. earnings, $1,994.
Financial Statement, June 30. 1900 (latest rendered).— Capital stock paid in ($250,000 auth. ; $100
shares), $175,000. Funded debt (1st gold 6s of 1903), $100,000. Cost of property, $175.000.
Directors.— Geo. M. Brinson, Joseph Philippi, T. J. Kent, Stillmore, Ga. ; John C. Coleman, F. R. Dur-
den, Swainsboro', Ga. OFFICERS : GEO. M. BRINSON, Pres. & Treas.; Joseph Philippi, Sec. & Aud., Stillmore,
Ga. GENERAL OFFICE, Stillmore, Ga.
SUFFOLK AND CAROLINA RY.— Suffolk, Va., to Center Hill, N. C., 40 m. ; total track (steel, 43.25
m >, 46.5 miles. Rail— iron, 40 Ibs. ; steel, 40 and 50 Ibs. Gauge, 3 ft. 6 in. Chartered as the Nansemond Land,
Lumber and Narrow Gauge Ry. Co. in 1873. Name changed Feb. 26, 1874. Locomotives, 4. Cars— passenger, 2 ;
baggnge, etc., 1 ; freight (box, 8 ; flat, 13 ; coal, 6), 27 ; log trucks, 67— total, 97.
Operations, year ending June 30, 1901.— Trains run (freight, 31,153 ; mixed, 22,990 ; other, 2,832), 56.97:.
miles. Passengers carried, 13,101 ; carried one mile, 234,275. Tons freight moved, 60,287 ; ton-miles, l,427,45i;.
Earnings (passenger, $6,303 : freight, $54,533 ; other, $6,429), $67,265. Operating expenses, $33,893. NetearninErH.
$33,272; other receipts, $319— total, $33,691. Payments: Interest on bonds, $8,400 ; taxes, $1,220; dividends
(1 p c ) $4 000 • other charges, $158— total, $13,778. Surplus, $19,913 ; surplus forward, $16,237 —total, (103,620.
General Balance Sheet June 30, 1901.— Capital stock paid in ($500,000 auth. ; $100 shares), $400,000 :
funded debt (gen. 1st Os dated 1886), $140,000 ; current liabilities, $9,203; profit and loss, $103,520— total, $658,723
Contra : Cost of road and equipment, $533,145 ; other investments, $70,513 ; sinking fund, $2,000 ; Material*
etc., $3,629; current accounts, $43,436— total, $652,723.
Directors.— Wm. II. Bosley, C. F. Tilghman, S. P. Ryland, Jr., Douglas H. Thomas, John M. Deniso- ,
Wm. B. Oliver, W. C. Seddon. J. H. Cottman, Baltimore, Md. OFFICERS : WM. H. BOSLEY, Pres. ; J. H. Con
man. iff, Tlce-Pres. ; Chas. F. Tilghman, -2d Vice- Pres. ; Chas. F. Pitt, Jr., Treas. ; Jno. S. Gittings, Sec.. Balti
more, Md.; C. L. Hutchins, Aud.; Geo. L. Barton, Gen. Mgr., Suffolk, Va. GENERAL OFFICE, Suffolk. Va.
SURRY, SUSSEX AND SOUTHAMPTON RY.— Scotland, Va., to Dory, Va., 28.10 m. ;
branches and spurs, 21.5m.; sidings, 4m. — total track. 53.6 miles. Rail (steel), 25 Ibs. Gauge, 3 ft. Chartered
May 16, 1886; road opened during the fiscal year 1893-94: branches and spurs added during the year 1897-98
Locomotives. 10. Cars —passenger, 2 ; freight (box, 10; flat, 20), 30— total, 32.
Operations, year ending June 30, 1901.— Trains run (passenger, 25,400 ; freight, 108,000), 133,400 miles.
Passengers carried, 3,924 ; carried one mile, 39,240. Tons of freight moved, 55,010 ; ton-miles, 440,080. Earnings
(passenger, $1,570; freight, $48,473; other, $1,050), $51,093. Operating expenses, $71,433. Deficit from opera-
tion, $20,340. Payments : Interest on bonds, $6,728 ; taxes, $1,814— total, $8,542. Deficit for year, $28,882 ;
deficit forward $41.198— total, $70,080.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($500,000 auth.; $100 shares), $50,000;
loans and bills payable, $127,541 ; current liabilities, $505 ; reserve account, $209,559— total, $387,605. Contra :
Cost of road, $257,626; equipment, $59,673, cash and current assets, $226; profit and loss, $70,080— total, $387,605.
Directors.— Francis E. Waters, Baltimore, Md.; John Walter Smith, John P. Moore, Marion T. Hargis,
Snow Hill, Md. OFFICERS: FRANCIS E. WATERS, Pres. & Gen. Mgr., Baltimore, Md.; John Walter Smith,
Vice-Pres.; John P. Moore, Sec. & Treas.; M. T. Hargis, And., Snow Hill, Md. ; Edward Rogers, Supt., Dendron,
Va. GENERAL OFFICE, 609 Merchants Bank Building, Baltimore, Md. Operating Office, Dendron, Va.
SYLVANIA RR.— Sylvania to Rocky Ford, Ga., 15 m.; total track (rail, 42 Ibs.), 16.5 miles. Gauge,
4 ft. 9 in. Chartered Jan. 3, 1884 ; road completed in April, 1885. The Central Ry. Co. of Ga. supplied iron and
materials, and holds a mortgage on the road therefor. Default having been made on interest, W. M. Hobby was
appointed temporary receiver of the road on June 18, 1901, upon application by the Central of Georgia Ry. Co.
Locomotives, 2. Cars— passenger 2; service, 2— total, 4.
Operations, year ending June 30, 1901.— Trains run (mixed), 18,780 miles. Passengers carried, 11,160 ;
carried one mile, 111,600. Tons freight moved, 16,119 ; ton-miles, 161,190. Earnings (passenger, $4,101; freight,
$10,861; other, $1,605), $16,767. Operating expenses, $15,793. Net earnings from traffic, $974.
Directors.— P. D. Damn, U. H. McLaws, Savannah, Ga.; T. W. Oliver, G. W. Waters, S. W. Mims, L. H.
Hilton, C. Frawley, G. M. Oversireet, B. F. Scott, W. L. Mathews, Sylvania. Ga. OFFICERS: W. M. HOBBY, Sec. <$•
Gen. Mgr., Sylvania, Ga.; P. D. DAFFIN, Pres. dk Treas.; U. H. McLaws, Sec., Savannah, Ga. GENERAL
OFFICE, Sylva'nia, Ga.
TALBOTTON RR.— Talbotton to Bostwick, Ga., 7 m. ; total track, 7.5 miles. Rail, 45 Ibs. Gauge, 4 ft.
8} in. Chartered Aug. 23, 1872 ; road opened May 4, 1881. Locomotives, 2. Cars— passenger, 2 ; baggage, 1 ;
freight, 1— total, 4. Gross earnings, year ending June 30, 1901, $9,426 ; operating expenses, $7,833 ; net earn-
ings, $1,593.
General Balance Sheet, June 30, 1894 (latest rendered).— Capital stock, $34,800; funded debt (1st
6s of 190-2), $25,000 ; profit and loss, $4,525— total, $64,325. Contra: Cost of road, etc., $61,180; cash, $3,145—
total, $64,325.
Directors.— F. N. Gibson, J. H. Martin, W. T. Dennis, W. L. Tilman, T. H. Persons. OFFICERS : T. H.
PERSONS, Pres. & Gen. Mgr.; T. A. Kimbrough, Treas. cfe Agt.; T. R. Persons, Supt., Talbotton, Ga. GENERAL
OFFICE, Talbotton, Ga.
TALLAHASSEE SOUTHEASTERN RY.— Projected : Tallahassee to Gainesville, Fla., 150 miles.
Completed but not in operation June 1, 1901: Tallahassee to Wacissa, Fla., 21 m.: total track (steel ; 56 Ibs.), 22
miles. Gauge, 4 ft. 8i in. Chartered May 30, 1895, as successor to the Florida, Georgia and Western RR. Co.,
whose property was sold under foreclosure May 6, 1895. (See MANUAL for 1891, page 1440.) This company has
aland grant of 10,000 acres per mile from the State of Florida. Locomotive, 1. Cars (flat), 6. Capital stock
authorized ($100 shares), $1,800,000. Funded debt authorized. $1,395,000 1st mtge. 5 p. c. 30-yr. $1,000 gold coupon
bonds, due July 1, 1928, interest Jan. and July. Cost of road to date, $200,000: equipment, $5,000. The com-
pany owns 118,000 acres of land along the line of the road, valued at $472,000. The stock and bonds are all held
In the treasury ; the money to build the road and to meet current expenses is advanced by directors as needed.
Directors.— T. F. McGarry, Grand Rapids, Mich. ; Wm. Graves, New York, N. Y. ; R. G. Peters, Manistee,
Mich.; Fred. H. Beach, Batavia, 111. OFFICERS : WM. GRAVES, Pres., New York, N. Y.; R. G. Peters, Treas.,
Manistee, Mich.; Fred. H. Beach, Sec., Batavia, 111.; J. L. Thomat, Gen. Supt., Tallahassee, Fla. GBKEBAL
OFFICE, Tallahassee, Fla.
TALLULAH FALLS RY.— Cornelia to Tallulah Falls, Ga., 20.9 m.; total track (iron; 45 Ibr), 21.47
miles. Gauge, 4 ft. 9 in. Organized in March, 1898, to take over the property of the Bine Ridge and Atlantic
RR. Co., which was sold under foreclosure on Nov. 7, 1897. (See MANUAL for 1897, paga 167.) An extension of
the road to Franklin, N. C. is contemplated. The survey has been completed, and right of way over th* entire
distance obtained. Work is expected to be begun in the spring of 1902. Locomotive*, 2. Can— pasienger, 2 ;
freight (flat), 8 -total, 10.
262 POOR'S MANUAL OF BAILKOADS — SOUTH ATLANTIC GROUP.
Operations, year ending June 30, 1901.— Gross earnings, $18,747. Operating expenses, $13,873. Net earn-
ings, $4,874.
Financial Statement, June 30, 1901.— Capital stock ($200,000 common; $100,000 preferred: §100 shares),
£300,000; funded debt (1st, 5s i>f March 1, 1921), $80,000- -total, $380.000. Preferred stock has preference for divi-
dends at the rate of 5 \>. c. per annum, non-cumulative. A new mortgage for $600,000 has been authorized to
retire tue present mortgage and to provide funds for building an extension. None of the new bonds had been
is.-uril np to Jan. 1, 1902.
Directors.— Geo. L. Prentiss, A. M. Hudnut, New York, N. Y.; Edwin Brobston, Brunswick, Ga.;
Samuel C. Dunlap, Gainesville, Ga.; Wm. A. Carroll, Atlanta, Ga. OFFICERS: GEO. L. PRENTISS, Pres., 31
Nassau Street; A. M. Hudnut, Treas. & Sec., New York, N. Y.; W. S. Erwin, Myr., Cornelia, Ga. GENERAL
OFFICE, New York, N. Y.
TAVARES AND GULF RR.— Tavares to Winter Garden. Fla., 30m. ; Wait's Jure, to Clermont, Fla., 6.5
m.— total, 36.5 miles. Rail (steel), 40 Ibs. Gauge, 4 ft.8i in. Reorganization in April, 18W. of the Tavares,
Apopka and Gulf RR. Co. (See MANUAL for 1893, page 628.) Locomotives, 3. Cars— passenger, 3 ; combina-
tion, 2 ; mail and express, 2 ; freight (box, 40 ; flat, 17), 57— total, 64.
Operations, year ending June 30, 1901.— Trains run (mixed), 27,797 miles. Passengers carried, 1,561;
carried one mile, ^'1,320. Tons freight moved, 4.161 ; ton-miles, 113,455. Earnings (passenger, $2,912 ; freight,
$6,525; other, $16), $9,453. Operating expenses, $13,881. Deficit from operation, $4,428.
Financial Statement, June 30, 1901.— Capital stock, $250,000; funded debt (1st gold 5s of July, 1915),
$280, 000 -total stock and bonds, $530,000.
Directors.— Heury H. Jackson, Charles Tremain, New York, N. Y.; D. G. Ambler, James P. Talliaferro,
Jacksonville, Fla. OFFICERS : HENRY H. JACKSON, Pres.j Charles Tremain, Vice-Pres., New York, N. Y.; D.
G. Ambler, Sec., Jacksonville, Fla.; Augustus Tremain, And. <fc Treas., Orlando, Fla. GENERAL OFFICE,
Orlando, Fla.
TIFTON AND NORTHEASTERN RR.— Tifton to Fitzgerald. Ga., 25 m.; total track (steel; 60
Ibs.), 25. 5 miles. Gauge, 4 ft. %\ in. Chartered Oct. 5, 1891 ; road opened as above May 19, 1896. Locomotives,
2. Cars— passenger, 2 ; combination, 1 ; freight (box, 2; flat, 27), 29— total, 32.
Operations, year ending June 30, 1901.— Gross receipts, $56,277. Operating expenses, §21,973. Net earn-
ings, $34,304.
Financial Statement, June 30, 1901.— Capital stock ($100,000 auth.; $100 shares). $75,000. Funded
debt (1st 6s of March 1, Itior.i. $50.000. Cost of property, $146,760.
Directors.-H. H. Tift, Bessie W. Tilt, W. O. Tift, E. H. Tift, Tifton, Ga.; W. W. Bacon, Albany, Ga.
OFFICERS : H. H. TIFT, Pres. & Treas.; W. O. Tift, Vlce-Pres.; E. H. Tift, Sec.j J. L. Jay, Jr., And.; F. G.
Boatright, Truf. Mgr., Tifton, Ga. GENERAL OFFICE, Tifton, Ga.
TIFTON, THOMASVILLE AND GULF RY. -Tifton to Thomasville, Ga.. 55.5 miles. Gauge,
4 ft. 8J- in. Rail (steel), 60 Ibs. Chartered Aug. 9, 1897; completed from Tifton to within 5 miles of Thomas-
ville previous to June 30, 1900 ; opened to Thomasville after that date. Locomotives, 7. Cars— passenger, 4 ;
combination, 3 ; freight, 10—total, 17.
Operations, year ending June 30, 1901.— Gross earnings, $105,890. Operating expenses, $69,226. Net
earnings, $36,665.
Financial Statement, June 30, 1900 (latest rendered). — Capital stock paid in (SI. 000.000 auth.; $100
shares), S350.000; funded debt (1st 5s of Aug. 1, 1929; $1,000,000 auth.), $350,000. Cost of road to date, $1,000,000;
estimated cost of road to completion, $1,460,000.
Directors.— H. M. Atkinson, P. S. Arkwright. Atlanta. Ga.; W. W. Ashburn, C. P. Brown, Z. II. Clark,
Moultrie, Ga.; J. W. Hightower, S. L. Hayes, E. M. Smith, J. H. Merrill, Thomasville, Ga.; N. E. H-irris, Macon,
Ga. OFFICERS : H. M. ATKINSON, Pres., Atlanta, Ga.; J. W. Hightower, Vice-Pres., Thomasville, Ga.: C. P.
Brown, Gen. Mgr., Moultrie, Ga.; Vacancy, Sec. & Treas., Thomasville, Ga. GENERAL OFFICE, Thomasville, Ga.
TRANSYLVANIA RR.— Hendersonville to Toxaway, N. C., 30.87 m.; total track (steel: 56 Ibs.),
31.38 miles. Gauge, 4 ft. 9 in. Chartered April 12, 1899, as successor to the Hendersonville and Brevard RR. Co.
whose property was sold by the trustees on March 22, 1899. (See MANUAL for 1898, page 168.) The extension
from Brevard to Toxaway, N. C., 10 m., was opened on Sept. 1, 1900. Locomotives, 3. Cars— passenger, 2; com-
bination, 2; freight (box, 3 : flat, 1), 4— total, 8.
Operations, year ending June 30, 1901.— Trains run (passenger, 14,890; mixed, 17,246; other, 1,200),
33,336 miles. Passengers carried, 18,919; carried one mile, 282,380. Tons freight moved, 10,994 ; ton-miles,
250,739. Earnings (passenger, $9,412 ; freight, $12,190; other, $1,517), $23,119. Operating expenses, $12,388.
Net earnings, $10,731.
Financial Statement, Juno 30, 1900 (latest rendered).— Capital stock ($100 shares), $320,000 ; funded
debt (1st gold 5T*ss of May 1, 1919, int. M. & N.), $160,000. Cost of property, $127,000. Current assets : Cash,
$1,142; bills receivable, §53,800; current accounts, $729— total, $55,671. Current liabilities, $696. Balance,
$54,975.
Directors.— W. P. Potter, C. H. Stolzenbach, G. W. Eisenbeis, E. B. Alsop, Pittsburgh, Pa.; J. P. H. Cun-
ningham, New Castle, Pa.; J. F. Hays, Brevard, N. C. OFFICERS : E. B. ALSOP. Pres., Pittsburgh, Pa.; J. P. H.
Cunningham, Vice-Pres., New Castle, Pa.; A. K. Orr, Treas.; C. H. Stolzeubach, Sec., Pittsburgh, Pa.; J. Ram-
saur, Gen. Supt., Brevard, N. C. GENERAL OFFICE, Brevard, N. C.
TUCKA.HOE AND JAMES RIVER RR.— Lorraine to Gay ton, Va., 4 m.: total track, 5 miles.
Gauge, 4 ft. 8i in. Chartered March 27, 1837. Locomotive, 1 ; coal car, 1. Leased to the Virginia Coal and Coke
Co. ; rental, one-third of one cent per ton per mile on freight hauled. Income from lease of road, year ending
June 30, 1901, $131.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $68,600 ; current liabilities, $59,380;
profit and loss, $31,587— total, $159,567. Contra: Cost of road, etc., $109,567; bonds owned, $50,000— total,
$159,567.
Directors.— Ware B. Gay, Richmond, Va. ; H. H. Stevens, G. H. Ball, A. S. Bigelow, Boston, Mass.; John
T. Jones, Gayton, Va. OFFICERS : WARE B. GAY and E. A. SHEPHERD, Receirers; WARE B. GAY, Pres.; Julius
Baker, Sec., Richmond, Va.; H. W. Mason, Treas., Boston, Mass. GENERAL OFFICE, Richmond, Va.
UNION AND GLENN SPRINGS RR. -Projected : Union to Glenn Springs, S. C., 16 m.; Buffalo
to Murphys, S. C., 3 m.— total, 19 miles. Completed up to June 1, 1902: Union to Buffalo, 4 miles. Gauge, 4 ft.
8J in. Rail (steel), 60 Ibs. Chartered in 18!'8 : road opened in March. 1900. Building in connection with the Buffalo
Cotton Mills, a cotton manufacturing plant in course of erection. The company has traliic arrangements with the
Southern Ry. Co. Locomotive, 1. Cars (passenger), 2. Capital stock paid in ($50,000 auth. ; $100 shares), $20,000.
No bonds. Cost of road to date, $20,000: estimated cost of road to completion, $80,000.
Directors.— T. C. Duncan, Geo. M. Wright, L. M. Jordan, A. P. H. Walker, F. H. Counts, D. S. Betsill,
Union, S. C.; P. I. Welles, Columbia, S. C.; Arthur S. Wattles, Canton Junction, Mass.; C. A. Betsill, Buffalo.
S. C. OFFICERS : T. C. DUNCAN, Pres.; L. M. Jordan, Vice-Pres.; Geo. M. Wright, Sec. & Treas.; L. B. Wil-
lard, Supt., Union, S. C. GENERAL OFFICE, Union, S. C.
VALDOSTA SOUTHERN RY.— Projected : Valdosta, Ga., to Madison, Fla., 30 miles. Completed
np to June 30, 19 >1 : Valdosta, Ga., to Hanson, Fla., 21 miles. Rail (steel), 40 Ibs. Gauge, 4 ft. 8i in. Reorgani-
POOR'S MANUAL OF RAILROADS. 263
zation, in 1804, of the Florida Midland and Georgia Ry. Co. Road opened from Valdosta to Clyatville in 1895 ;
extended to Pinetta, Fla., 8 miles, in 1898; to Hanson, in 1900, and to Madison, Fla., July 1, 1901.
Operations, year ending June 30, 1901 (21 miles).— Earnings (passenger, $4,882; freight, $19,891), $24,-
773. Operating expenses, $9,636. Net earnings, $15,137. Deductions (first charges, §6,666; dividends, $7,500).
$14,166. Surplus, $1171.
Financial Statement.— Capital stock paid in ($100,000 auth.), $50,000. Funded debt outstanding
(particulars not reported), $40,000.
Directors.- J. M. Wilkinson, E. L. Moore, T. G. Cranford, N. A. Williams, B. F. Strickland, Valdosta,
Ga. OFFICERS : J. M. WILKINSON, Pres.; W. P. Roberts, Vice-Pres. & Traf. Mgr.j J. F. Lewis, Sec. & Treas.;
H. C. White, And., Valdosta, Ga. GENERAL OFFICE, Valdosta, Ga.
VIRGINIA-CAROLINA RY.— Abingdon, Va. to Va.-Tenn State Line, 17.3 m.; total track, 17.72
miles. Gauge, 4 ft. 8$ in. Rail (steel), 56 Ibs. Chartered April 11, 1887 ; completed as above in 1900 ; branch
projected from State Line to Shady Valley, Tenn., 8 miles. Locomotives, 2. Cars— combination, 1; freight
(box, 1: flat, 2), 3— total, 4.
Operations, year ending June 30, 1901.— Trains run (passenger, 4,836; freight, 8,136), 12,972 miles. Pas-
sengers carried, 2,908; carried one mile, 37,152. Tons freight moved, 5,873; ton-miles, 60,200. Earnings (passen-
ger, $1,762; freight, $5.833; other, $734), $8,329. Operating expenses, $9,882. Deficit from operation, $1,553.
Payments : Interest on bonds, $1,500; taxes, $11— total, $1,511. Deficit for year, $3,063.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($200,000 auth.; $100 shares), $100,000;
$317,364.
Directors.— W. E. Mingea, J. L. White, F. B. Hurt, Abingdon, Va.; G. F. Craig, A. T. Dull, Gco. Warner,
J. E. Gillingham, Philadelphia, Pa.; Geo. M. Holetein, Pulaski, Va.; David Baird, Camden, N. J.; OFFICERS :
W. E. MINGEA, Pres. & Gen. Mgr., Abingdon, Va.; George E. Penn, Vice-Pres., Philadelphia, Pa. ; G. F. Craig,
Sec. <& Treas., Abingdon, Va. GENERAL OFFICE, Abingdon, Va.
WADLEY AND MOUNT VERNON RR.-Projected : Wadley to Fitzgerald, Ga., 105 miles.
Completed : Wadley to Ricksville, Ga., 29.1 m.; total track (steel, 24.1 m.), 31.1 miles. Rail— iron, 40 Ibs.; steel,
52 and 56 Ibs. Gauge, 4 ft. 9 in. Chartered April 30,1890; road opened in 1889. (See MANUAL for 1892, page
627.) Locomotive, 1. Cars— passenger, 2 ; box, 2.
Operations, year ending June 30, 1901.— Gross earnings, $44,293. Operating expenses, $19,746. Net
earnings, $24,546.
Financial Statement, June 30, 1901. -Capital stock ($100 shares), $200.000; other liabilities, $32,680—
total, $232,680. Contra: Cost of road, etc., $146,735. Estimated cost of completed road. $375,000.
Directors.— T. J. James, Adrian, Ga. ; W. R. Daley, Atlanta, Ga. ; G. D. Tysor, Wadley, Ga. OFFICERS :
T. J.JAMES, Pres., Adrian, Ga.; W. R. Daley, Vice-Pres., Atlanta, Ga.; G. D. Tysor, Gen. Mgr., Sec., Treas. &
Aud., Wadley, Ga. GENERAL OFFICE, Wadley, Ga.
WARRENTON RR.— Warrenton to Warren Plains, N. C., 3 m.; total track (steel; 35 Ibs.), 3.12 miles.
Gauge, 4 ft. 9 in. Organized April 21, 1876; road opened Nov., 1884. Locomotive,!. Car (combination) 1.
Operations, year ending June 30, 1901.— Gross earnings, $4,745. Operating expenses, $4,617. Net earn-
ings. $129,
Financial Statement, June 30, 1901.— Capital stock, $12,300 ; funded debt, $6,000— total, $18,300. Cost
of road, $14,375 ; equipment, $5,925— total, $20,300. Cash on hand, $606.
Directors (elected July, 1901).— C. A. Cook, W. B. Boyd, W. J. Norwood, T. M. Caserley, J. Draper, J. G.
King, Warrenton, N. C. OFFICERS: W. J. WHITE, Pres.; J. M. Gardner, Sec. & Treas.; O. P. Shell, Gen. Mgr.,
Warrenton, N. C. GENERAL OFFICE, Warrenton, N. C.
WELLINGTON AND POWELLSVILLE RR.— Windsor to Ahoskie, N. C., 25 m.; branches to
timber, 20 m.— total, 45 miles. Gauge, 3 ft. Rail (steel), 20 and 30 Ibs. Chartered in Oct., 1893, as successor to
the Cashie and Roanoke RR. Co.; rechartered Feb. 13, 1897 ; road built in 18y~-98. Locomotives, 7. Cars— pas-
senger, 3 ; baggage, etc., 1 ; freight (box, 10 ; stock, 1 ; flat, 11), 22 ; other, 50— total, 76.
Operations, year ending June 30, 1901.— Gross earnings, $23,050. Operating expenses, $22,304.
Surplus, $746.
Financial Statement, June 30, 1901.— Capital stock ($300,000 auth.), $90,000. Cost of property, $166,591.
Directors.— E. F. Branning, New York, N. Y.; W. D. Pruden, C. E. Branning, W. H. Coffield, Elizabeth
Branning, Horton Corwin, Jr., Edenton, N. C.; E. Schryver, Chattanooga, Tenn. OFFICERS: HOHTON CORWIN,
JR., Pres. & Treas.; W. D. Pruden, Sec., Edenton, N. C.; H. T. Waters, Supt., Ahoskie, N: C. GENERAL
OFFICE, Edenton, N. C.
WEST VIRGINIA AND SOUTHERN RR.-Marmet, W. Va., to Pocahontas, W. Va., 125 miles.
Completed up to Nov. 30, 1901 : Marmet to Kleybolte, W. Va., 6 m. ; Charlemere Branch, 1.25 m.— total, 7.25 m.;
2d track, 1.50 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered Jan. 1, 1898, and purchased the property
and franchises of the West Virginia Southern Ry. Co., chartered July 10, 1895. (See MANUAL for 1897, page 171.)
Road opened Feb., 1896. Projected to develop the coal fields lying between the C. & O. Ry. and the N. & w. RR.
Locomotives, 2. Cars— passenger, 1 ; coal, 100; flat, 6— total, 107. No statement of operations furnished. Capital
stock paid in, ($2,000,000 auth.), $100,000. Cost of road, etc., to date, $200,000. Estimated cost of completed
road, $2,500,000.
Directors.— Wrm. Marmet, Rudolph Kleybolte, Edwin Marmet, Louis Kramer, Cincinnati, O.; James F.
Brown, Charleston, W. Va. OFFICERS : WM. MARMET, Pres.; Rudolph Kleybolte, Vice-Pres.; Edwin Marmet,
Sec. & Treas.; C. G. Roth, Jr., Gen. Aud., Cincinnati, O. GENERAL OFFICE, Cincinnati, O.
WEST VIRGINIA NORTHERN RR.-Tunnelton to Kingwood, W. Va., 10.50 m.; total track
(steel, 10.50 m.), 10.91 miles. Rail, 60 Ibs. Gauge, 4 ft. 8J in. Successor, by change of name, in 18!»5, to the
Tunnelton, Kingwood and Fairchance RR. Co. (See MANUAL for 1895, page 202.) Locomotives, 2. Cars— pas-
senger^; freight,!; other, 4— total, 7. Capital stock paid in, May 15. 1900, $50,000. Funded debt: $50,000 1st
mtge. 6 p. c. 10-yr. bonds, due July 1, 1914, interest Jan. and July, at the office of the trustee, Bank of Kingwood,
Kingwood, W. Va. Later information refused.
Directors.— J. H. Weaver, Henry Hanst, Philadelphia, Pa.; C. E. Sprout, Williamsport, Pa.; Geo. C.
Sturgiss, R. A. Vance, Morgantown, W. Va. OFFICERS: J. H. WEAVER, Pres., Philadelphia, Pa.; Geo. C. Sturgiss,
Vice-Pres., Mori'antown, W. Va.; Henry Hanst, Sec. & Treas., Philadelphia, Pa.; A. M. Lane, Gen. Mgr., King-
wood, W. Va. GENERAL OFFICE, Kingwood, W. Va.
WINIFREDE RR.— Winifrede June, to Winifrede, W. Va., 4.5 m. : Winifrede to coal mines, 2.5 m.;
branches and spurs, l.43m.; total track (steel ; 56 and 85 Ibs.). 10.43 miles. Gauge. 4 ft. 9 in. Chartered in Nov.,
1881 ; road opened in 1882. The Winifrede Coal Co., a distinct corporation, has-a capital stock of $600,000 (no
bonds or other debt), of which $450,000 is paid in. and owns 10,000 acres of coal lands, part of which is developed
by this road. Locomotives, 3. Cars— passenger, 1 : flat, 3 ; coal, 205— total, 209.
Operations, year ending June 30, 1901.— Earnings (passenger, $1,399 ; freight, $39,699 ; other, $1,149),
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
842,247. Operating expenses, $24,445. Net earnings, $17,802. Total deductions, $1,720 ; dividends, $7,500—
total, $9,220. Surplus, $8,582.
General Balance Sheet, June 30, 1894 (latest rendered).— Capital stock (auth., $200,000), $150,000 ; ac-
counts, $17,592 ; profit and loss, $73,356— total, $240,948. Contra: Cost of road, etc., $215,136; other assets, $25,-
812— total, $240,948.
Directors.— Wm. Cochran, John P. Logan, R. G. Wilson, Thomas E. Baird, R. J. C. Walker, Samuel F.
Houston, Charles C. Savage, D. W. Chandler, Philadelphia, Pa. ; G. K. Richardson, Boston, Mass. OFFICERS :
THOS. E. BAIRD, Pres. ; Samuel F. Houston, Tice-Pres. ; F. B. Stewart, Sec. & Treas., Philadelphia, Pa.; R. E.
Cassady, Supt., Winifrede, Kanawha Co., W. Va. GENERAL OFFICE, 218 South 4th St., Philadelphia, Pa.
WRIGHTSVILLE AND TENNILLE RR.-Tennille to Hawkinsville, Ga., 76 m. ; trackage.
Southern Ry., at Hawkinsville, 0.75 ; total track (steel; 50 to 60 Ibs.), 82.82 miles. Gauge, 4 ft. 9 in. Succegj-or
to the Wrightsville and Sunhill RR. Co., Dec., 1883 ; consolidated with Dublin and Wrightsville RR. Co., Dec.
1, 1886, and with Oconee and Western RR. Co. on Feb. 1, 1890. (See MANUAL for 1899, page 482.) Loco-
motives, 7. Cars -passenger, 8 ; baggage, etc., 1 ; freight (box, 50 ; flat, 17), 67 ; service, 6— total; 82.
Operations, year ending June 30, 1901.— Trains run (passenger, 44,815 ; mixed, 97,370), 142,185 miles. Pas-
$199,521, less deductions during the year, $191,398), $8,123.
General Balance Sheet, June 30, 1901 .—Capital stock ($2.30,000 common ; §70,000 preferred ; $25 shares),
$300,000; current liabilities, $20,818; taxes accrued, $2,700; reserve fund, $50,000: profit and loss, $rs.1\!3
total, $331,640. Contra: Cost of road and equipment, $300,000; securities owned. S50.000; land owned, §400;
materials, etc., .$4,665; cash and current assets, $22,351; bills receivable, $4,221— total, $381,640.
The Central Ry. Co. of Georgia owns the entire issue of preferred stock and $104,300 of the common stock.
Preferred stock is non-cumulative and carries preference for dividends up to 6 p. c.
Directors.— J. W. Smith, Tennille, Ga. ; R. L. Warthen, Sandersville, Ga.; A. F. Daley, Wrightsville,
Ga.; Chas. Hicks, Jas. M. Finn. Dublin, Ga.; J. F. Hanson, Macon, Ga. ; J. S. Wood, G. W. Perkins, Savannah,
Ga; W. N. Parsons, Hawkinsville, Ga. OFFICERS : A. F. DALEY, Pres. & Gen. Counsel; D. R. Thomas, Sec.
<fc Aud.; W. B. Kendrick, Treat.; T. T. Hollomon, Supt., Tennille, Ga. GENERAL OFFICE, Tennille, Ga.
YELLOW RIVER RR.— Crestview, Fla., to Florala, Ala., 27 m. ; Woods to Simpson, Fla., 5 m.—
total, 32m. ; total track (steel; 30 and 56 Ibs.), 35 miles. Gauge, 4 ft. 8J in. Chartered in Dec., 1887. Com-
menced business in May, 1888, as an incorporated logging road, but was opened for regular freight and passenger
traffic in May, 1894. Connection is made at Crestview with the Louisville and Nashville RR., and that company
supplies cars for the transportation of all freight sent over its lines by this company, besides supplying pas-
senger coaches for special occasions. Locomotives, 3. Cars— passenger, 2; freight (box, 1; flat, 30), 31— total, 33.
Operations, year ending June 30, 1901.— Earnings (passenger, $6,856; freight, $28,142; other, $101),
$35,099. Operating expenses, $30,281. Net earnings, $4,818.
Financial Statement, June 30, 1901.— Capital stock ($100 shares), $50,000; funded debt (1st 4s of Jan.
1, 1919), $150,000— total stock and bonds, $200,000.
Directors.— W. B. Wright, J. S. Reese, Pensacola, Fla. ; E. Ewing Reese, Laurel Hill, Fla. OFFICERS:
J. S.RBESE, Pres. <& Treas. ; W. B. Wright, Vice-Pres., Pensacola, Fla. ; E. Ewing Reese, Sec. & Gen. Mgr. ; S.
G. French, Jr., Chief Eng.; R. B. Simpson, Aud., Laurel Hill, Fla. GENERAL OFFICE, Laurel Hill, Fla.
GULF AND MISSISSIPPI VALLEY GROUP— States of Ken-
tucky, Tennessee, Alabama, Mississippi, and Louisiana.
LOUISVILLE AND NASHVILLE RAILROAD COMPANY.
(For map of this system, see between pages 266 and 267.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Atlanta Extension 1
Capital Stock, Description of. ... 15
Construction Account 17
Directors and Officers 21
Earnings, Expenses, etc 7
Fixed Charges, Est. for 1901-1902. 11
Funded Debt, Description of 16
Gen. Balance Sheet, June 30, 1901. 14
Guaranteed Bonds 16b
History 1
Income Account, June 30, 1901 . . 7
Joint Control of " Monou " ...... 1
Joint Leaseholds ................ 5
Joint " Monon " Bonds .......... 16a
Leased Lines, Obligations on Ac-
count of ..................... 10
Leased Lines, Statement of ...... 18
Lines Owned but not Operated. . . 3
Mileage Operated, June 30, 1901. . 2
Operations Earnings & Expenses,
JuneSO, 1901 7
Profit and Loss, June 30, 1901 8
Railroad Leased Jointly, State-
ment of 20
Railroads Operated Under Agree-
ment 19
Rolling Stock 6
Securities Owned, June 30, 1901.. 13
Operations & Income, 1895-1901. . 9 I Sinking Fund Payments 12
1. History. — Chartered March 5, 1850; main stem opened in Nov., 1859. Other lines
were added to the system from time to time, as shown in detail in. previous issues of the
MANUAL. The Alabama and Florida RR. and the Mobile and Montgomery Ry. were deeded
to the Louisville and Nashville RR. Co. on Dec. 17, 1900. The South East and St. Louis Ry.
Co. and the Pensacola RR. Co. became practically merged into the Louisville and Nashville
RR. Co. during the year ending June 30, 1901. The publication of separate statements for
the four roads named has been discontinued, as have also the separate statements for the
Alabama Minsral RR. , Birmingham Mineral RR., Clarkirille and Princston RE., Kentucky
Central Ry., Middlesborough RR., Montgomery and Prattvilla RR., N«w Orleans and Mtbile
RR., Owensboro and Nashville Ry., and Pontchartrain RR. Those lines are wholly owned
POOK'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO. 266
and suoh of their securities as are outstanding have been assumed by this company. After
the close of the fiscal year the company purchased the Shelbyville, Bloomfield and Ohio RR. ,
from Shelby ville to Bloomfield, Ky., 26.7 miles, and the Cumberland River and Tennessee
RR,, from Wasiota to Chenoa, Ky., 12.9 miles, paying $250,000 for the former and $50,000
for the latter. The Shelbyville, Bloomfield and Ohio RR. was taken over for operation on
Sept. 1, 1901, and the Cumberland River and Tennessee RR., on Oct. 7, 1901. The Birming-
ham, Selma and New Orleans Ry., from Selma to Myrtlewood, Ala., 60 miles, the control of
which was acquired in 1901, has been conveyed to this company by deed dated April 21, 1902
(see MANUAL for 1901, page 444). The Shelby RR., which was operated under lease at a
fixed yearly rental of $15,000, has been conveyed to this company by deed dated May 3, 1902,
acknowledged and delivered May 6, 1902 (see MANUAL for 1901, page 418).
Extension to Atlanta, Ga. — In April, 1902, this company acquired a majority of the com-
mon and preferred stock of the Atlanta, Knox ville and Northern Ry. Co., whose line extends
from Knoxville, Tenu., to Atlanta, Ga., 204.65 miles, with a branch from Blue Ridge, Ga.,
to Murphy, N. C., 23.45 miles. A company has been incorporated under the name of Knox-
ville, La Follette and Jellico RR. Co. to build an extension from Knoxville to Jellico, Tenn.,
where connection will be made with the Knoxville Branch of the Louisville and Nashville RR.
Joint Control of Chicago, Indianapolis and Louisville Ry. Co. — On May 20, 1902, this
company and the Southerp Ry. Co. offered to purchase for joint account not less than 51 per
cent, of the capital stock of the Chicago, Indianapolis and Louisville Ry. Co. at the price of
90 per cent, of par for the preferred shares and 78 per cent, of par for the common shares,
payment to be made in joint 4 per cent, bonds, payable July 1, 1952, but subject to redemption
on any 1st of Jan. or 1st of July after Jan. 1, 1907. The bonds are to be secured by pledge
of the stock against which they shall be issued. More than 51 per cent, of the stock was
deposited in agreement with this offer within the set time, July 1, 1902.
2. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 3,245.94 miles).
Main Stem : Louisville, Ky., to Nashville, Teun 185.92 miles.
Cecilia Branch : Louisville to Cecilia Junction, Ky 46.00
Bardstown and Springfield Branch : Bardstown Junction to Springfield, Ky. . 87.44
Knoxville Branch : Lebanon Junction to Jellico, Tenn 171.17
Cumberland Valley Branch : Corbin, Ky., to Norton, Va 117.44
Middlesborough RR.: Middlesborough to Coal Mines, Tenn 10.15
Louisville, Cincinnati and Lexington Ry.: Lor.isville to Newport, Ky 109.70
Louisville Railway Transfer : East Louisville to South Louisville, Ky-. . . 4.13
Lexington Branch : La Grange to Lexington, Ky 67.00
Shelby Cut-off: Shelbyville to Christiansburg, Ky 8.51
Louisville, Uarrods Cr. and Westport RR.: Louisville to Prospect, Ky 11.16
Kentucky Central Ry.: Covin^ton to Livingston, Ky 147.27
Maysville and Lexington RR., No. I>iv.: Maysville to Paris, Ky 49.48
Maysvillc and Lexington RR., ^o. Div.: Paris Junction to Lexington, Ky. 17.86
Richmond Branch : Richmond to Rowland 38.04
Owensboro and Nashville Ry. : Owensboro to Adairville, Ky 83.46
Mud River Branch : Penrod to Mud River Mines, Ky 4.64
Memphis Line : Memphis Junction to Memphis, Teim 261.59
Paducah and Memphis Division: Memphis, Tenn., to Paducah, Ky 254.20
Clarksville and Princeton Branch : Clarksville, Tenn., to Princeton, Ky 52.70
r»^i-o^i7a /uv~ ~ ; T)».r,™»T> • J Hematite to Pond, Tenn 32.03
Clarksville M^neral Branch, j Van Leer to Cumber]and Furnacei Tenn 6.00
Southeast and St. Louis Ry.: East St. Louis, 111., to Evansville, Ind 162.00
Shawneetown Branch : Shawnee Junction to Shawneetown, 111 40.70
O'Fallon Branch : O'Fallon Junction to O'Fallon, 111 6.04
Evansville, Henderson and Nash. RR.: Enfield Junction to Henderson, Ky... 134.76
Madisonville Branch : Madisonville to Providence, Ky 16.10
Nashville, Florence & Sheffield Ry.: Columbia to Sheffield! Ala 82.13
West Point Branch : Iron City to Pinkney, Tenn 11.78
Napier Branch : Summertown to Napier, Tenn 10.92
Long Branch : T. and A. J unction to Long Branch 7.32
Sheffield and Tuscumbia RR. : Sheffield to Tuscumbia, Ala 2.63
New ana Old Decatur Belt and Terminal RR 3.62
(Continued on next page.)
266 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
Brought forward 2,188.89 miles.
Birmingham Mineral RR.: Magella to Brickyard Y, 8.02 m. ; Alice to Alice
Mines, 0.89 m. ; Alice to Fossil Mines, 0.63 m.; Graces to Bessemer, 11.57
m.; Sloss to Muscoda, 1.2 m. ; Blue Creek Jc. to Blocton Jc., 27.08m.;
Yolande to Brookwood, 9.01 m.; C'hamblee to Goethite, 3.65 m.; Bessemer
to Oneonta, 49.3 m. ; Village Springs to fomptons, 3.39 m.; Gurleyto
Wortliington's Quarries, 1.18 m. ; Palmers to Bradford, 4.3 ; Oneonta to
Champion, 3.5 m. ; Boyles to Trussville, 17.14 m. ; Gate City to Graces,
10.28 m. ; Helena to Gurnee Jc., 10.04 m.; Readers to Leogusta, 1.68 m.;
Oneonta and Attalla Jc. to Altoona, 9.56 in. ; North Alabama Jc. to Searles,
3.4 m.— total 175.82
Alabama Mineral RR. : Attalla to Calera, Ala 119.07
Columbiana Branch : Shelby to Columbiana, Ala 5.84
Lumberton Branch : Gilmore Switch to Lumberton, Ala 4.77
Skew* Branch : O'Connor Junction to Skews, Ala 3.60
Other Branches 5.56
Montgomery and Prattville RR.: Prattville Junction to Prattville, Ala 10.35
Mobile and Montgomery Ry.: Montgomery to Mobile, Ala 178.49
* Alabama and Florida RR.: Georgiana to Geneva, Ala 77.57
Southern Alabama RR.: Gulf Junction to Escambia Junction, Ala 109.29
Camden Branch : Nadawab to Cnmden, Ala 16.61
Pensacola RR. : Flomaton, Ala., to Pensacola, Fla 44.40
Pensacola and Atlantic RR. : Pensacola to River Junction, Fla 160. 14
New Orleans and Mobile RR. : Mobile, Ala., to New Orleans, La 140.36
Pontchartrain RR.: Pontchartrain Junction to Milneburg, La 5.18
jB. LEASED OB OPERATED UNDER AGREEMENTS (total, 410.05 miles).
Nashville and Decatur RR.: Nashville, Tenn., to Decatur, Ala '. 119.24 miles.
Shelby RR. : Anchorage to Shelbyville, Ky. (see Sec. 2) 19.10
South and North Alabama RR.: New Decatur to Montgomery, Ala 182.67
Wetumpka Branch : Elmore to Wetumpka, Ala 6.30
Stouts^ Mountain RR. : S. M. Junction to Stouts Mountain, Ala. 5.95
Birmingham Mineral RR. : Gurnee Junction to Blocton, Ala 14.41
*Cumberland & Ohio RR. (So. Div.): Cumb.-& Ohio June, to Greensburg, Ky. 30.90
* Glasgow RR.: Glasgow Junction to Glasgow, Ky 10.50
*Elkton and Guthrie RR. : Elkton Junction to Elkton, Ky 10.92
*Henderson Bridge and Connecting Track 10.06
Total length of Louisville and Nashville System, June 30, 1901 3,655.99 miles.
DEDUCT : Lines Owned but not Operated :
Cecilia Branch (leased to Illinois Central RR. Co.) 46.00
Paducah and Memphis Division (leased to N., C. & St. L. Ry.) 254.20
Clarksmlle and Princeton Branch : Gracey to Princeton, Ky 20.70 — 320.90 miles.
Length of lines operated by the L. & N. RR. Co., June 30, 1901 3,335.09 miles.
* DEDUCT : Lines Operated, but Results not included in Income Account 139.95 "
Length of lines whose earnings are included in Income Account 3,195.14 miles.
Average length operated during year ending June 30, 1901 3,169.27 "
3d track owned, 61 m. ; sidings owned, 777.64 miles. Gauge, 4 ft. 8£ in. Rail (steel,
4,094.45 miles), 50 to 80 Ibs.
Mileage operated by the L. & N. RR. Co. on June 30, 1901, as above 3,335.09 miles.
Operated from Sept. 1, 1901 : Shelbyville, Bloomfield & Ohio RR 26.70
Operated from Oct. 7, 1901 : Cumberland River and Tennessee RR 12.90 "
Total length of lines operated on and after Oct. 7, 1901 3,374.69 miles.
Railroads in which the L. & N. RR. Co. is interested, but which were operated by their
own organizations, June 30, 1901 :
Nashville, Chattanooga and St. Louis Ry. (majority of stock owned ; see Sec. 4). 941.66 miles.
Birmingham Southern RR. (one-half of stock owned) 70.48 "
Central Transfer Ry. and Storage Co. (one-half of stock owned) 0.67 "
Georgia RR. System (interested as joint lessee) 624.00 "
Birmingham, Selma & New Orleans Ry. (majority of stock owned ; see Sec. 1). 31.40 "
Total operated separately, June 30, 1901 1,668.21 miles.
Total operated by L. & N. RR. Co., June 30, 1901 3,335.09
Owned by L. & N. RR. Co. but operated by other companies 320.90 "
Grand total in which L. & N. RR. Co. was interested, June 30, 1901 5,324.20 miles.
POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO. 267
3. Lines Owned but not Operated. — The Cecilia Branch was leased to the Illinois Central
RR. Co. at a rental of $60,000 per annum, but on Dec. 19, 1901, it was sold to that company
for $1,000,000, under the provisions of the lease. The section of the Clarksville and Prince-
ton Branch between Gracey and Princeton, 20.70 miles, is leased to the Illinois Central RR.
Co. at a rental of $12,039.70 per annum. The Paducah and Memphis Division is leased to
the Nashville, Chattanooga and St. Louis Ry. Co., at a yearly rental equal to 5 p. c. upon
the cost of the line, including all improvements and betterments.
4. Controlled Railroads Operated Separately.— This company controls the Nashville,
Chattanooga and St. Louis Ry. Co. through ownership of $6,032,600 out of a total of $10,-
000,000 of its outstanding capital stock. This company and the Southern Ry. Co. own the
entire capital stock of the Birmingham Southern RR. Co., each company holding $300,000 par
value of the preferred stock and $300,000 par value of the common stock. This company
owns one-half of the capital stock of the Central Transfer Railway and Storage Co.
5. Joint Leaseholds. — The property of the Louisville and Nashville Terminal Co. (see
statement in Sec. 20) is leased jointly by this company and the Nashville, Chattanooga and
St. Louis Ry. Co. This company and the Atlantic Coast Line RR. Co. are joint lessees of the
Georgia RR. and its dependencies. (See GENERAL INDEX for Georgia RR. and Banking Co.)
6. Rolling Stock, June 30, 1901. — Locomotives, 563. Cars — passenger, 320 ; baggage,
mail, and express, 127 ; freight (box, 11,259 ; furniture, 185 ; fruit, 1,822 ; flat, 1,638 ; re-
frigerator, 543 ; caboose, 350 ; stock, 893 ; coal, 6,593 ; coke, charcoal, and wood, 380), 23,663 ;
other, 543— total, 24,653.
7. General Income Account (3,169.27 miles), year ending June 30, 1901.
Earnings— Passenger $5,742,581 08
Freight 30,419,162 37
Mail 762,184 15
Express 618,882 75
Miscellaneous 479,396 55
Total (18,841.84 per mile) $28,022,206 90
Expenses— Maint. of Way and Structures. $4,356,126 83
Maintenance of Equipment. . . 3,995,475 68
Conducting Transportation... 10,253,297 33
General Expenses 821,651 72
Total ($6,129.66 per mile) $19,426,551 56
Less, Freight on Company's Material 1,193,518 06
Operating Expenses ($5,753.07 p. m.). $18,233,033 50
Net earnings (34.93 p. c.), $9,789,173.40 ; other receipts, $704,688.23— total, $10,493,-
861.63. Payments : Interest on bonded debt, $4,824,660 ; other interest, $46,933.10 ;
guaranteed dividend on N. & D. RR. stock, $265,143.59 ; rental, Shelby RR., $15,000 ; taxes,
$813,537.87 ; sinking fund payments for which no bonds are received, charged to this account
and credited to profit and loss account, $128,900 ; unfunded discount, $53,464.36 ; net earn-
ings of So. & No. Ala. RR. Co., included above, $65,109.74 ; dividend on stock (Feb. 11 and
Aug. 12, 1901, 2$ p. c. each, $2,695,000— total, $8,907,748.66. Surplus, to credit of profit and
loss account, $1,586,112.97.
§. Profit and Loss Account, June 30, 1901.— Balance to credit, June 30, 1900, $3,935,-
913.35 ; interest received on bonds in sinking fund, $70,210 ; sinking fund payments for
which no bonds are received, charged to income account (L. & N. South and North Ala.
trust deed mortgage sinking fund, $20,000 ; Pensacola and Atlantic 1st mortgage sinking
fund, $53,900 ; Cecilia Branch mortgage sinking fund, $55,000), $128,900 ; profit on securities
bought and sold, $452,960.94 ; dividends due Georgia RR. previous to June 30, 1899, collected
this year, less advances by Georgia RR. for losses on subsidiary roads accrued in previous
years, etc., $55,224.54 ; interest accrued previous to June 30, 1900, on bonds owned, collected
this year, $38,366.67; franchise taxes, interest, etc.; previous to June 30, 1900, charged to
Henderson Bridge Co., $92,193.06 ; interest accrued on bonds, on unpaid coupons, note, and
open account of Log Mountain Coal, Coke and Timber Co., charged to Louisville Property
Co., $107,339.46; profit on rails sold during the year, $62,506.50; bonds in the treasury
brought to par on ledger, $141,238.18 ; bonds in the sinking funds brought to par on ledger,
$150,134.72 ; net earnings So. & No. Ala. RR. year ending June 30, 1901, $65,109.74 ; amounts
realized from various sources, $21,334.48 ; transferred from income account, $1,586,112.97 —
total, $6,907,544.61. Contra : Premium on bonds redeemed for sinking fund, $37,300 ; non-
collectible accounts charged off, $20,092.12 ; Nashville and Decatur RR. accounts charged off,
2H8
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
$954,640.87 ; amounts charged to this account and credited to reserve fund (couplers and air
brakes, $36,817.88 ; reduction of grade, $14,646.59), $51,464.47 ; balance to credit, June 80,
1901, $5,844,047.65— total, $6,907,544.61.
9. Statement of operations and income for seven years ending June 30 :
1895
1896
1897
1898
1899
1900
1901
Miles of RR. Owned *. . .
Miles of RR. Leaeed . . .
Miles of RR. Operated. .
Total Miles Operated..
Aver. Mileage Operated.
Passenger Train Miles. .
Freight Train Miles
Revenue Train Miles . .
Passengers Carried
Passenger Mileage
2,673.05
226.55
211.29
2,691.91
190.66
238.01
2,962.36
190.66
238.01
2,963.05
190.66
238.01
2,963.05
190.66
211.29
3,123.80
223.37
203.38
3,245.94
206.67
203.38
3,110.89
2,955.98
5,182,223
8,590,465
3,120.58
2,965.00
5,442,726
9,133,333
3,391.03
2,980.93
5,463,843
9,708,572
3,391.72
2,988.00
5,535,364
10,383,286
3,365.00
2,988.16
5,600,118
10,866,162
3,550.55
3,007.35
5,614,638
11,542,778
3.655.99
3,169.27
5,978,787
11,801,237
13,772,688
5,095,574
185,649,064
10,630,749
1,528,712,675
$
4,370,154
13,537,099
1,368,741
14,576,059
5,455,749
209,967,678
11,850,552
1,674,658,419
4,666,750
14,324,906
1,399,055
15,172,415
5,115,190
186,851,997
11,391,942
1,737,230,703
$
4,291,735
14,641,263
1.439,309
15,918,650
5,208,588
207,903,873
12,309,731
2,011,367,850
$
4,557,729
15,854,802
1,584,122
16,406,280
5,446,801
215,203,228
12,390,835
2,230,767,045
$
4,905,584
17,100,715
1,753,187
17,157,416
6,282,042
222,424.321
15,839,470
2,581,672,886
5,238,314
20,699,779
1,804,286
17,780,024
6,872,354
239,730,479
16,685.466
2,655,984,116
$
5,742,581
20,419,162
1,860,464
Freight (tons) Moved. ..
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Gross Earnings
19,275,994
12,277,773
20,390,711
13,505,206
20,372,307
13,849,218
21,996,653
14,921,730
23,759,486
15,731,588
27,742,379
18,603,406
28,022,207
18,233,034
Operating Expenses
Net Earnings
6,998,221
363,273
6,885,505
434,372
6,523,089
423,064
7,074,923
590,776
8,027,898
540,645
9,138,973
650,044
9,789,173
704,688
Other Receipts
Available Revenue
7,361,494
5,583,064
7,319,877
5,563,057
6,950,153
5,571,509
7,665,699
5,612,842
8,568,543
5,707,033
1,848,000
234,611
+ 778,899
7,951 21
5,264 64
2,686 57
66.21 p. c.
2.23 c.
0.73 c.
9,789,017
5,782,181
2,112,000
387,601
+ 1,507,235
9,22485
6,185 97
3,03888
67.06 p. c.
2.31 c.
0.76 c.
10,493,861
5,965,274
2,695,000
247,474
+ 1,586,113
8,84184
5,75307
3,08877
65.07 p. c.
2.35 c.
0.77 c.
Fixed Charges
Dividends
Other Charges
1,077,845
+ 700,585
6,521 01
4,15353
2,367 48
63.69 p. c.
2.35 c.
0.85 c.
379,316
+ 1,377,503
6,877 14
4,55488
2,322 26
66.23 p. C.
2.18 C.
0.82 c.
399,464
+ 979,180
6,834 22
4,645 95
2,188 27
67.98 p. c.
2.25 c.
0.81 c.
419,955
+ 1,632,902
7,361 66
4,99388
2,367 78
67.84 p. c.
2.15 c.
0.75 c.
Balance (+ or — )
Gross Earnings per Mile.
Oper. Expenses per Mile.
Net Earnings per Mile .
Expenses to Earnings. .
Av. Rate per Pass, per M.
Av. Rate per Ton per M.
NOTE.— The condensed general balance sheet that was included in the comparative table in previous
yeara is discontinued, changes in the general balance sheet items making a true comparison impossible.
1O. Following are the obligations of the L. & N. RR. Co. on account of leased roads, etc. :
Miles.
NAME OP ROADS.
Mortgages.
Bonds Out-
standing.
Rate.
Interest,
Charges, etc.
188.97
South & North Alabama & Wetumpka Br'h -|
Sterling Mortgage.
Second Mortgage..
Con sol Mortgage
$
3.130,190
2,000,000
4.771,000
£6 Sterling.
6 per cent.
5 per cent
?
188,750
120,000
238.550
119.24
Nashville and Decatur ....
Stock Guaranteed
3,552,950
7i per cent.
266,471
308.21
13,454,140
813,771
Miles.
NAME op ROADS.
Interest,
Charges, etc.
19.10
Shelby Railroad, Fixed Annual Rental
* 15,000
10.50
10.92
40.52
15,000
624.00
Georgia RR. lease — L. & N. RR. Co.'s half of guaranteed rental
300,000
* Ceased May 6, 1902, on which date the Shelby RR. was purchased by the Louisville and Nashville
RR. Co.
11* Estimate of fixed charges against income for fiscal year 1901-1902 : Total interest
POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
269
charges L. & N., $4,286,315 ; total interest and dividends guaranteed as rental, $693,771 ;
fixed rental, $15,000— total, $4,995,086.
12. Payments to be made on account of sinking funds, 1901-1902, $778,314 ; guaranties
for outside companies, etc. — Georgia RK. lease (L. & N. RR. Co. and Atlantic Coast Line
joint lessees from July 1, 1899), $300,000.
13. SECURITIES OWNED BY THE COMPANY, INCLUDED AT THEIR BOOK VALUE IN THE
GENERAL BALANCE SHEET.
BONDS.
Par Value.
2,543 Unified 50-yr. 4 p. c. gold mtge. bonds, $1,000 each $2,543,000
1,739 L. & N., Paducah and Memphis Div., 1st mtge. 4 p. c. bonds, $1,000 each 1,739,000
550 Five-Twenty Collateral Trust 4 p. c. bonds, $1,000 each 550,000
813 Pensacola and Atlantic RR. 1st mtge. 6 p. c. bonds, $1,000 each 813,000
525 Pensacola and Atlantic RR. Land Grant 6 p. c. bonds, $1,000 each 525,000
2,000 Louisville and Nashville Terminal 50-yr. 4 p. c. gold bonds, $1,000 each 2,000,000
826 South and North Alabama RR. 5 p. c. consol. mtge. bonds, $1,000 each.. 826,000
20 Muhlenberg County, Ky. 5 p. c. refunding bonds, $500 each 25,000
25 Muhlenberg County, Ky. 5 p. c. refunding bonds, $1,000 each 10,000
43 Sloss Iron and Steel Co. 1st mtge. 6 p. c. bonds, $1,000 each 43,000
50 Elkton and Guthrie RR. 7 p. c. bonds, $500 each 25,000
22 Gainesville, Jefferson and Southern RR. 2d mtge. bonds, $1,000 each 22,000
200 Southern Division, Cumberland and Ohio RR., 7 p. c. bonds, $1,000 each.. 200,000 I
200 Southern Division, Cumberland and Ohio RR. 7 p. c. bonds, $500 each 100,000 j
185 Alabama Steel and Shipbuilding Co., 1st mtge. 6 p. c. bonds 185,000
Sundry RR. and other bonds, ledger value
Totals $9,606,000
Ledger Value.
$2,543,000 00
1,739,000 00
550,000 00
813,000 00
525,000 00
2,000,000 00
826,000 00
25,000 00
10,000 00
34,400 00
25,000 00
20,900 00
300,000 00
175,750 00
31,240 94
STOCKS.
78,864 shares Nashville and Decatur RR. Co. stock, $25 each
1,931 shares Owensboro and Nashville Ry. Co. stock, $100 each
4,550 shares Birmingham Mineral RR. Co. stock, $100 each
h 3,640 shares Alabama and Florida RR. Co. stock, $100 each
691 shares Elkton and Guthrie RR. Co. stock, $25 each
Ill shares Mobile and Montgomery Ry. Co. stock, $100 each
386 shares South and North Alabama RR. Co. stock, $100 each
346 shares Birmingham Rolling Mill Co. stock, $100 each
69,088 shares Kentucky Central Ry . Co. stock, $100 each
600 shares Louisville, Harrod's Creek and Westport RR. Co. stock, $100 each..
63 shares New and Old Decatur Belt and Terminal RR. Co. stock, $100 each
7,484 shares Pontchartrain RR. Co. stock, $100 each
192 shares South-East and St. Louis Ry. Co. stock, $100 each
2,058 shares Terminal RR. Association of St. Louis stock, $100 each
150 shares Pensacola RR. Co. stock, $100 each
150 shares Louisville, Cincinnati and Lexington Ry. Co. com. stock, $100 each.
814JJ shares Shelby RR. Co. stock, $50 each
325 shares Augusta Belt Ry. Co. stock, $100 each
2,410 shares South Carolina Terminal Co. stock, $100 each
500 shares Conecuh Land and Lumber Co. stock, $100 each
823 shares Gulf Transit Co. stock, $100 each
3,000 shares Birmingham Southern RR. Co. pref. stock, $100 each
3,000 shares Birmingham Southern RR. Co. com. stock, $100 each
250 shares Central Transfer Ry. and Storage Co. stock, $100 each
2,000 shares Atlanta Belt Line Co. stock, $100 each
150 shares Milledgeville Ry. Co. stock, $100 each
250 shares Augusta and Summerville RR. stock, $100 each
33 shares Lexington Terminal Co. stock, $100 each
5,311 shares Nashville, Chattanooga and St. Louis Ry. stock, $100 each
323 shares Republic Iron and Steel Co. pref. stock, $100 each
S23 shares Republic Iron and Steel Co. com. stock, $100 each
483 shares Whitley Coal Co. stock, $100 each
1,997 shares Birmingham, Selma and New Orleans Ry. stock, $100 each
Sundry RR. and other stock, ledger value
$1,971,600 00
193,124 99
455,000 00
364,000 00
17,275 00
11,100 00
38,600 00
34,600 00
6,908,806 60
60,000 00
6,300 00
748,400 00
19,200 00
205,800 00
15,000 00
15,000 00
40,747 00
32,500 00
241,000 00
50,000 00
82,300 00
300,000 00
300,000 00
25,000 00
200,000 00
15,000 00
25,000 00
3,300 00
531,100 00
32,300 00
32,300 00
48,300 00
199,700 00
$1,956,826 01
57,601 77
159,250 00
15,175 66
" 18, 645 05
32,086 03
10 00
7,647 67
32,275 67
241,000 00
50,000 00
52,000 00
300,000 00
300,000 00
11,354 65
200,000 00
17,500 00
9,527 50
3,300 00
268,736 50
22,610 00
9,690 00
44,115 30
164,929 50
60,987 28
Totals $13,222,353 59 $4,035,267 93
Grand Totals 22,828,353 59 13,653,558 87
* These stocks having been included in cost of road, do not appear on the Balance Sheet under the caption
" Stocks Owned."
The company also owned on June 30, 1901, bonds and stocks of the par value of $29,142,535 and a ledger
value of $16,640,341.39 (see remarks concerning the unified mtge. bonds in Sec. 14), which are deposited
with the Central Trust Co. of New York, trustee under the unified mortgage; $2,000,000 South and North
Alabama RR. 2d mtge. bonds, deposited with the Union Trust Co. of New York, trustee under the 6 p. c.
sinking fund loan of 1880; $1,200,000 Owensboro and Nashville Ry. 1st mtge. bonds and $3,929.000 Birmingham
Mineral RR. 1st mtge. bonds, deposited with the Farmers' Loan and Trust Co. of New York under the
collateral trust loan of 1931; $500,000 South and North Alabama RR. consol. mtge. bonds, deposited under
the Georgia RR. lease; $10,640,000 unified 4 p. c. bonds and $3,040,000 Paducah and Memphis Division 1st
mtge. bonds, deposited with the United States Trust Co. of New York as security for the five-twenty collateral
trust bonds.
27U
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
14. General Balance Sheet, June 80, 1901.
Cost of Road and Equipment $120,034,15824
Securities in Trusts, etc 15,908,17792
Securities in Treasury 8,008,55887
Advances to Subsidiary Companies 1,543,16248
Material in Private Sidings 178,23234
Real Estate, Quarry and Timber Lands. 1,014,314 94
Sundry Unadjusted Accounts 739,417 81
Unfunded Discount Account 1,397,99238
Materials and Supplies 2,486,791 68
Cash on Hand, in Transit, etc 3,645,731 79
Current Assets 3,330,095 67
Total Assets $158,286,634 12
Capital Stock Outstanding $54,913,720 00
('.ijiital Stock Unissued 86,28000
Funded Debt Outstanding 90,284,60000
Audited Pay Rolls and Vouchers 2,058,682 01
Coupons and Rent 1,086,76717
Dividends, Feb. and Aug., 1901 1,431..
Open Accounts 850,260 29
Unrnatured Current Liabilities 777.22(12.")
Oj.en iirici Unadjusted Accounts 652,022 «0
Reserve Funds 301,670 52
Profit and Loss 5,844,047 65
Total Liabilities ..$158,286,634 12
15. Capital Stock. — The charter authorized the company to increase its share capital to an amount
sufficient to represent in stock the full cost of the road and branches. The share capital outstanding was
increased to $60,000,000 in April, 1902, by authority granted Nov. 8, 1893.
16. Funded Debt — The funded debt of the company on June 30, 1901— total outstanding,
$90,284,660 as per general balance sheet— consisted of the several issues of bonds listed in the following
statement. Additional particulars respecting any issue will be found in the paragraph relating thereto
appended to the statement; and the details of funded debt outstanding on or about Aug. 1, 1902, will
be found in the Rea'dy Reference Bond List — see General Index.
Bonds Outstanding ($90,284,660).
M. C. & L. RR. £ 1st 6s of Aug. 1, 1902...
M. & L. RR. No. Div., 7s of Jan. 1, 1906... 400,000
Cecilia Branch 7s of March 1, 1907 381,000
L., C. & L. Ry. 2d 7s of Oct. 1, 1907 892,000
L. & N. RR. Sink. Fd. 6s of April 1, 1910.. 1,926,000
St. L. Property 1st Gold 5s of March 1, 1916 617,000
L. & N. RR. 5-20 Coll. Trust Gold 4s of
April 1, 1918 8,919,000
E. H. & N. Div. 1st 6s of Dec. 1, 1919.... 1,895,000
Pensacola Div. 1st 6s of March 1, 1920.... 544,000
S. E. & St. L. Div. 1st 6s of March 1, 1921. 3,500,000
Pensacola & Atl. Div. 1st 6s of Aug. 1, 1921. 1,790,000
N. O. & Mobile Div. 1st 6s of Jan. 1, 1930.. 5,000,000
N. O. & Mobile Div. 2d 6s of Jan. 1, 1930. . . 1,000,000
General 6s of June 1, 1930 9,297,000
L., C. & L. Ry. Gen. 4Js of Nov. 1, 1931 3,258,000
1st Trust 5s of Nov. 1, 1931 4,940,000
1st Gold 5s of May 1, 1937 1,749,000
N., F. & S. Ry. 1st 5s of Aug. 1, 1937 ., 1,996,000
Unified 50-yr. Gold 4s of July 1, 1940 26,384,000
L. & N. RR. and M. & M. Ry. Joint 1st
Gold 4J of Sept. 1, 1945 4,000,000
S. E. & St. L. Div. 2d 3s of March 1, 1980.. 3,000,000
Ky. Cent. Ry. 1st Gold 4s of July 1, 1987. . . 6,700,000
Bonds in Trusts ($13,680,000).
L. & N. Pad. & Mem. Div. 1st Gold 4s of
Feb. 1, 1946 $10,640,000
L. & N. Unified Mtge. 50-yr. Gold Bonds.. 3,040,000
Bonds in Sinking Funds ($1,529,000).
M., C. & L. £ 1st 6s of Aug. 1, 1902 2,000
L. & N. 1st Gold 5s of May 1, 1937 15.00C
L. & N. Unified Mtge. 50-yr. Gold Bonds.. 1,060,000
L. & N. Pensacola Div. 1st 6s of March 1,
1920 36,000
Ky. Cent. Ry. 1st Gold 4s of July 1, 1987.. 42,000
X., F. & S. Ry. 1st 5s of Aug. 1, 1937.... 100,000
Pensacola & Atl. Div. 1st 6s of Aug. 1, 1921 20,000
L. & N. Sink. Fd. 6s of April 1, 1910.... 34.000
L. & N. 1st Trust 5s of Nov. 1, 1931 189,000
L. & N. 5-20 Coll. Trust Gold 4s of 1903-18 31,000
Bonds in Treasury ($5,645,000).
Unified Mtge. 50-yr. Gold Bonds 2,543,000
Pad. & Mem. Div. 1st Mtge. Gold Bonds... 1,739,000
Pensacola & Atlantic Div. 1st Mtge. Bonds. 813,000
5-20 Collateral Trust Gold Bonds 550,000
Past-due Bonds— 1893 to 1901... I... '102JOOO I Total Funded Debt $111,138,660
In " Outstanding Bonds " in the preceding statement are included bonds to the following amounts,
which had been drawn for sinking fund, but not presented for redemption: $1,000 Cecilia Branch bonds, on
which interest ceased Sept. 1, 1900, and $55,000, on which interest ceased Sept. 1, 1901; $1,000 Pensacola
and Atlantic RR. bonds, on which interest ceased Feb. 1, 1900, and $7,000, on which interest ceased
Feb. 1, 1901; $1,000 gen. mtge. bonds, on which interest ceased June 1, 1900, and $75,000, on which
interest ceased June 1, 1901.
MEMPHIS, CLARKSVILLE AND LOUISVILLE BoNDS.^-Secured on the section of the Memphis Line between
Paris, Tenn., and the Kentucky State Line, 82.25 miles. The principal is redeemable by means of a sinking
fund of 1 p. c, per annum, which is applied to the purchase of bonds, if they can be obtained below par,
but which is invested in other securities if the bonds are above par. On June 30, 1901, the trustees of the
fund held $1,223,000 of bonds ($122,000 L. & N. RR. 5 p. c. trust bonds, $18,000 Pens. & Atl. RR. 1st mtge.
bonds, $2,000 N., C. & St. L. Ry. Tracy City Branch bonds, $100,000 N. F. & S. Ry. 1st mtge. bonds,
$59,000 So. & No. Ala. RR. consol. mtge bonds, $758,000 L. & N. RR. unified bonds, $64,000 N., C. & St. L.
Ry. 1st consol. mtge. bonds, $3(5,000 Pensacola Division 1st mtge. bonds, $15,000 L. & N. RR. 5 p. c. gold
bonds, $16,000 Ky. Cent. Ry. 1st mtge. bonds, $31,000 L. & N. RR. 5-20 collateral trust 4 p. c. bonds, and
if?, 000 M. C. & L. RR. £ 1st mtge. bonds, besides $648.07 in cash unim
MAYSVILLE AND LEXINGTON RR. NORTHERN DIVISION BONDS. — Secured as a first lien on the branch of the
Kentucky Central Ry., extending from Maysville to Paris, Ky., 49.32 miles.
CECILIA BRANCH BONDS. — Secured by first mortgage on the Cecilia Branch, 46 miles. There is a sinking
fund for retirement of the bonds at par, and it they cannot be purchased at that price they are drawn
by lot. The Cecilia Branch having been sold to the Illinois Central RR. Co. (see Sec. 3) this company has
deposited with August Belmont & Co., as trustee, an equal number of its unified bonds, to guarantee the
payment of the outstanding Cecilia Branch bonds.
LOUISVILLE, CINCINNATI AND LEXINGTON 2D MTGE. BONDS. — Secured on the line from Louisville to Newport,
Ky., and on the Lexington Branch, together 175.96 miles. There is a sinking fund provision, but bonds are
not drawn.
SINKING FUND 6 p. c. GOLD BONDS.— Secured by deposit of $2,000,000 of South and North Alabama
RR. Co. 2d mtge. 6 p. c. bonds. The original issue of the bonds amounted to $2,000,000 redeemed by
operation of the sinking fund, $40,000. On June 30, 1901, the trustees of the sinking fund held $453,000 of
bonds ($67,000 5 p. c. trust bonds, $34,000 of these sinking fund bonds, $302.000 unified bonds, $22,000 So.
and No. Ala. RR. consols., $2,000 Pens. & Atl. RR. 1st mtge. bonds, and $26,000 Ky. Cent. Ry. 1st mtge.
bonds), besides $78.35 in cash inv'm
ST. Louis PROPERTY FIRST MTGE. GOLD BONDS.— Issued for the purchase and improvement of terminal
property in St. Louis, Mo. The bonds are secured on the property purchased.
FIVE-TWENTY COLLATERAL TRUST GOLD BONDS.— Secured by deposit with the United States Trust To. of
New York, trustee, of $10,640,000 unified 4^ p. c, bonds and $3,040,000 Paducah and Memphis Division
POOR'S MANUAL — LOUISVILLE AND NASHVILLE RR. CO.
271
bonds. The bonds are subject to redemption at par and accrued interest on and after April 1, 1903. The
total issue on June 30, 1901, was $9,500,000, but $550,000 of the bonds were held in the treasury of the
company and $31,000 were in sinking fund. On March 1, 1902, there were only $7,500,000, the balance
having been redeemed and cancelled.
EVANSVILLE, HENDERSON AND NASHVILLE DIVISION GOLD BONDS. — Secured by first mortgage on the
Henderson Division and Madisonville Branch. There is a sinking fund (commenced in 1885) of $30,000
yearly till 1895, the amount increasing each five years thereafter till $150,000 per annum is reached. This
fund is applied to purchase of the bonds at not over 110, but if they cannot be got at that price an
amount sufficient to exhaust the annual sinking fund is subject to call at 10 p. c. premium. On Dec. 1,
1901, $55,000 of the bonds were retired by operation of the sinking fund.
PENSACOLA DIVISION GOLD BONDS.— -Secured on the line from Pensacola, Fla., to Flomaton, Ala.
There is a sinking fund of $10,000 yearly, increasing at stated periods till all the bonds are paid off.
The sinking fund is applied to purchase of bonds at 105, but if they cannot be got at that price, the
bonds are drawn by lot at 5 p. c. premium. The total issue is $580,000, but $36,000 of the bonds are in
sinking fund.
SOUTHEAST AND ST. Louis DIVISION GOLD BONDS.— Secured in the order of their priority on the
Southeast and St. Louis Ry. and branches, 208.74 miles. Except as to date and time of mortgage, rate
of interest and priority of lien, the 1st and 2d mtge. bonds are alike in all respects.
PENSACOLA AND ATLANTIC DIVISION GOLD BONDS. — Secured on the railroad from Pensacola to River
June., Fla., 160.28 miles, and on all property appertaining to that line. They are guaranteed, principal
and interest, by the Louisville and Nashville RR. Co., the guaranty being endorsed on each bond. There
is a yearly sinking fund (commenced Feb. 1, 1892), of 1^ p. c., for redemption of the bonds, by purchases
or drawings, at 10 p. c. premium. The total issue of these bonds is $2.623,000, of which bonds amounting
to $813,000 are in the treasury of the company and $20,000 in sinking fund.
NEW ORLEANS AND MOBILE DIVISION GOLD BONDS. — Secured in the order of their priority on the line
from Mobile, Ala., to New Orleans, La., 140.36 miles.
GENERAL MORTGAGE GOLD BONDS. — Secured as a first lien or the main stem, the Bardstown, Richmond
and Knoxville Branches, and the 46 miles of the Memphis line within the State of Kentucky. They
are also secured on the section of the Memphis Line between Guthrie (Kentucky Line) and Memphis, on
the Cecilia Branch and on the Henderson Division and Madisonville Branch, subject to the prior liens of the
Memphis and Ohio, the Memphis, Clarksville and Louisville, the Evansville, Henderson and Nashville,
and the Cecilia Branch mortgages. The mortgage provides for a sinking fund sufficient to retire the
bonds before maturity, the company having the right to draw them by lot at 110 and interest. On June 1,
1902, $310,000 of the bonds were redeemed by action of the sinking fund.
LOUISVILLE, CINCINNATI AND LEXINGTON GENERAL MORTGAGE GOLD BONDS. — These rank next after the L.,
C. & L. Ry. 2d mtge. bonds on the Cincinnati Division and Lexington Branch.
FIRST MORTGAGE COLLATERAL TRUST GOLD BONDS. — These are part of an authorized issue of $7,000,000,
to be secured by deposit in trust of $5,000,000 1st mtge. 5 p. c. bends of the Birmingham Mineral RR. Co.,
due Nov. 1, 1937, and $2,000,000 1st mtge. 6 p. c. bonds of the Owensboro' and Nashville Ry. Co., due Nov.
1, 1931. The trustee holds as security for the amount of bonds outstanding, $3,929,000- Birmingham Mineral
bonds, and $1,200,000 Owensboro' and Nashville bonds. The total issue of the trust bonds is $5,129,000, but
bonds amounting to $189,000 are in sinking fund.
FIRST MORTGAGE 50-YEAR GOLD BONDS OF 1937. — Secured on the section of the Cumberland Valley
Branch extending from Corbin, Ky., to a point in Virginia, 46.5 miles distant; on the line from Clarks-
ville, Tenn., to Princeton, Ky., 52.70 miles, and on the Springfield Branch, 20.07 miles. Authorized issue,
$3,500,000 at the rate of $15,000 per mile. Amount issued, $1,764,000; in sinking fund, $15,000; outstanding,
$1,749,000.
NASHVILLE, FLORENCE AND SHEFFIELD BONDS. — Secured by a first mortgage on the line from Columbia,
Tenn., to Sheffield, Ala., 82.13 miles, and the branches from Iron City to Pinkney, 11.78 miles, and Summer-
town to Napier, 10.92 miles. The L. & N. RR. guarantees the principal and interest of the bonds.
UNIFIED MORTGAGE 50-YEAR GOLD BONDS. — Secured on the entire property and assets of the L. & N.
RR. Co., of whatever description, but subject to prior liens. Of these there were on June 30, 1901, $19,-
399,660, to wit: $7,000 consol. mtge. bonds of 1868, $9,297,000 gen. mtge. bonds of 1880, $1,000 city of
Louisville loan, $1,764,000 1st mtge. 5 p. c. bonds of 1937, $86,000 Memphis and Ohio sterling bonds, $1,996,-
660 Memphis, Clarksville and Louisville bonds, $1,895,000 Evansville, Henderson and Nashville Division bonds,
$3,000 1st mtge., $€92,000 2d mtge., and $3,258,000 gen. mtge. bonds of the L., C. & L. Ry. Co. None of
these prior liens can be extended, nor can further bonds be issued under any of the prior mortgages. In
addition to an amount of bonds sufficient to retire all underlying bonds, the unified mortgage provided for
$32,461,660 bonds (making a total of $75,000,000) to be issued for improvements, extensions, and other
purposes of the company; those issued against extensions or for the purchase of other railroads to be at the
rate of not exceeding '$32,000 per mile, including $7,000 per mile for equipment, and to become a lien,
either by direct mortgage or collaterally, on the lines thus acquired. Under this provision the unified
mtge. bonds have become a direct first mortgage on the following lines: Cumberland Valley Branch, ex-
tension from a point 46.5 m. from Corbin, Ky., to Norton, Va., 70.94 m.; Clarksville Mineral Branch,
38.03 m. ; New and Old Decatur Belt and Terminal, 3.62 m. ; Shelby Cut-off, 8.51 m. ; Montgomery and Pratt-
ville RR., 10.35 m. ; Sheffield and Tuscumbia RR., 2.63 m. ; Middlesborough RR., 10.15 miles. The bonds
are additionally secured by deposit of securities of proprietary and other companies as follows:
Par Value. Ledger Value,
.c. bonds. $3,150,000 $1,650,01000
LT?v ) "1
. XV J. I J gQQ QQQ
i 3,052,57481
985,000 I
2,000,00o
Ala. M'n'l RR. Co., 4
15,000 shares L.,C. <
preferred stock
9,850 shares L., C. & L. Ry.
common stock
20,000 shares S. & N. Ala. RR.
preferred stock • i IIOKK/VICO
li;274 shares S. & N. Ala. RR. , m ^ \ MSS.SOO (
common stock ( •M«<.*uu
29,397 sh. Mob.& Mont. Ry.stock 2,939,700 3,272,906 12
39,850 sh. N. O.M.&T.RR. stock 3,985,000
9,800 sh. S. E. & St. L. Ry. stock 980,000 294,000 00
55,015 sh.N.,C.& St. L.Ry. stock 5,501,500 5,355,53875
9,634 sh. O. & N. Ry. stock .... 963,400 250,728 48
5,010 sh. Hend. B'dge Co. stock. 501,000 501,00000
2,850 sh.PensacolaRR. stock... 285,000 2,85000
1,000 sh. Louisv. Ry. Tr. stock. . 100,000 47,062 54
19,726 sh.Birm. M'n'l RR. stock. 1,972,600 690,41000
19,690 sh. Ala. M'n'l RR. stock... 1,969,000 225,01000
Par Value. Ledger Value.
6,150sh. N.,F. & S. Ry.stock . $615,000 $
395 sh. Hend. Belt RR. stock. . 19,750 19,750 00
10,973|8 sh. Shelby RR. stock .... 548,185 153,000 00
Totals $29,142,535 $16,640,341 39
Deduct the cost of the following securi-
ties, which, having been added to the
cost of road, is deducted from this ac-
count, viz. :
L.. C. & L. Ry. stock $3,052,574 81
Ala. M'n'l RR. bonds and st. 1,875,02000
Mob. & Mont. Ry. stock .... 3,272,906 12
S.E. &St. L. Ry. stock....
Pensacola RR. stock
Henderson Belt RR. stock . . .
Louisv. Ry. Transfer stock. .
294,000 00
2,85000
19,750 00
47,06254— 8,564,16347
Balance as per general balance sheet.. $8,076,177 92
272
POOR'S MANUAL— GULF AND MISSISSIPPI VALLEY GROUP.
LOUISVILLE AND NASHVILLE-MOBILE AND MONTGOMERY JOINT IST MTOE. GOLD BONDS. — Secured on the
property and assets of the Mobile and Montgomery Ry. Co. (See Manual for 1897, page 502.) The auth-
orized issue is $5,000,000, of which $1,000,000 is reserved for extension improvements, equipment and better-
ments to the Mobile and Montgomery Ry. The bonds are for $1,000 each, in coupon form with privilege
of registration. Principal and interest payable in gold, at the office of the L. & N. RR. Co. in New
York. Trustee: Central Trust Co. of New York. Registrar: L. & N. RR. Co., New York, N. Y.
KENTUCKY CENTRAL RY. IST MTGE. GOLD BONDS.— Secured by first mortgage on 148.58 miles of railroad
owned in fee simple by the Kentucky Central Ry. Co. (Covington to Roundstone Sink, Ky., 151.78 miles,
less 3.2 miles between Richmond and Ft. Estill, which is a leasehold) ; on the proprietary interest of the
Kentucky Central Ry. Co. in the Maysville and Lexington RR., Southern Division, from Paris to Lexington,
Ky., 19 miles, and in the Maysville and Lexington RR., Northern Division, from Paris to Maysville, Ky.,
49 miles; and on the perpetual leasehold estate held by the Kentucky Central Ry. Co. in the Richmond
Branch of the Louisville and Nashville RR. Co. The Kentucky Central Ry. Co. owns all the capital
stock of the two Maysville and Lexington companies; the Northern Division is subject to a mortgage securing
$400,000 of 7 p. c. bonds maturing Jan. 1, 1906. The line between Roundstone Sink and Livingston, Ky.,
3.34 miles, is owned by the Louisville and Nashville RR. Co. (the rails thereon are owned by the Kentucky
Central Ry. Co.), certain leasehold rights therein being leased to the Kentucky Central Ry. Co. at a
rental of $3,045 per annum. The Richmond Branch of the Louisville and Nashville RR. is leased by
the Kentucky Central Ry. Co., at an annual rental of $24,000 per annum, the lessee having the right
to purchase the line at any time for $400,000.
PADUCAH AND MEMPHIS DIVISION GOLD BONDS. — Secured as a first lien on the Paducah and Memphis
Division, 254.20 miles. The authorized amount is $5,000,000, of which bonds for $4,779,000 have been
issued; but of these $3,040,000 are deposited with the United States Trust Co. of New York, as security
for the five-twenty collateral trust gold bonds, and $1,739,000 are in the treasury of the company. The
remaining bonds, $221,000, are reserved for improvements. Through the redemption of $2,000,000 of the
five-twenty collateral trust gold bonds, $640,000 of the deposited bonds have been released from the trust.
16a. Joint Bonds for Pnrchase of " Monon " Stock. — Arrangements have been made for
issuing $15,500,000 of joint 4 p. c. 50-yr. bonds of this company and the Southern Ry. Co. for the acqn
of the capital stock of the Chicago, Indianapolis and Louisville Ry. Co. on the terms outlined ii
1, and to provide for the betterment, improvement and enlargement of the C., I. & L. Ry. property.
The bonds are to mature on July 1, 1952, but will be redeemable at 105 p. c. and accrued interest on any
1st of Jan. or 1st of July after Jan. 1, 1907. They will bear interest from July 1, 1902, at the rate of 4
p. c. per annum, coupons to be payable on Jan. 1 and July 1, and registered interest on Jan. 1, April 1,
July 1, and Oct. 1. The bonds will be secured by pledge of the stock against which they shall be issued,
such pledge to be made subject to the terms of a collateral trust indenture, which shall provide that the
C., I. & L. Ry. Co. shall not execute or issue any bonds except for the refunding of its existing obligations,
or for the -acquisition of additional property, or for betterments, improvements or other lawful purposes, and
that no proceeds of any bonds to be issued by the C., I. & L. Ry. Co. can be used to pay any part
of the bonds secured by such collateral trust indenture unless all such bonds shall then be paid.
16b. Guaranteed Bonds.— The Louisville and Nashville RR. Co. guarantees $3,130,190 sterling
6s and $4,771,000 consol. 5s of the South and North Alabama RR. Co. (see statement for that road in
Sec. 18).
17. Construction Account. — The construction account was closed July 1, 1894, since which
date the items which had been charged to that account have been charged to operating expenses under
the sub-account of Improvement Account. The amount so charged during the past year was $1,474,502.72.
During the year ending June 30, 1901, the cost of road was charged with $6,014,378.27, expended
on various parts of the system, as follows: Memphis Line, $1,291.55; Stouts Mountain RR., $37,855.16;
Alabama and Florida RR., $837,218.99; North Alabama RR., $44,947.18; Oneonta and Attalla RR.,
$133,799.76; Mobile and Montgomery Ry., $4,381,008.31; Southern Alabama RR., $278,712.48; stock in the
following roads owned by the L. & N. RR. Co., charged to the cost of each road (Henderson Belt RR., $250;
New and Old Decatur Belt and Terminal RR., $189; New Orleans, Mobile and Texas Ry., $10; Pensacola
RR., $150; Southeast and St. Louis Ry., $2,095.84), $2,694.84; stock in the following roads owned by the
L. & N. RR. Co., held in trust by the Central Trust Co., of New York for unified 50-yr. 4 p. c. gold
mtge. bonds, charged to cost of each road (Southeast and St. Louis Ry., $294,000; Pensacola RR., $2,850),
$296,850.
1§. RAILROADS LEASED OR OPERATED UNDER AGREEMENTS BY THE L. & N. RR. Co.
AND THE RESULTS FROM WHOSE OPEKATION ARE INCLUDED IN THE INCOME
ACCOUNT.
est in the capital stock and guarantees the 1st mtge.
£ bonds and the 5 p. c. consols. Operations included
In those of the L. & N. Net earnings. 1901, $670,-
317; other receipts, $37,890 — total. $708.207. Paid
interest on bonds, $548,566: taxes, $56.641; other
charges. $273.855 — total. $879.062. Deficit, $170,-
855. General Balance Sheet, June 30, 1901. — Capital
stock (common, $1,483.600; preferred, $2.000,000),
$3,483,600; stock unissued, $9,255: funded debt.
$9,901.190; unfunded debt, $1,929,154 — total. $15,-
323,199. Contra: Cost of road. etc.. $11.597,806;
other investments, etc.. $297.775; cash and current
assets, $75.232; sinking fund. $851.990; profit and
loss, $2,500,396— total, $15,323.199. Funded debt,
June 30, 1901, consisted of (1) $3,130,190 sterling
sinking fund 6s of May 1, 1903. int. M. & N. ; (2)
$2,000.000 2d 6s of April 1, 1910, int. A. & O.;
and (3) $4,771,000 consol. gold 5s of Aug. 1, 1936
Int. F. & A. The trustees of the sterling mtge.
bonds hold for the sinking fund $858,000 of bonds
($235,000 L. & N. 5 p. c. trust bonds. $5,000 Pensa-
cola Div. 1st mtge. 6 p. c. bonds, $38,000 L. & N.
gen. mtge. bonds, $187,000 Pensacola and Atlantic
RR. 1st intge. 6 p. c. bonds. $117.000 So. & No.
Ala. RR. consol. mtge. bonds, $2.000 sterling mtge.
bonds, and $274,000 unified mtge. bonds), besides
$363.38 cash uninvested. The 2d mtge. bonds are
pledged with the Union Trust Co., trustee, as part
\asliville and Decatnr RR.— Nashville,
Tenn.. to Decatur. Ala., 119.24 m.; total track
(steel; 58i to 70 Ibs.), 119.24 miles. Consol. Jan. 1,
1867, of the Tenn. & Ala., the Central Southern,
and the Tenn. & Ala. Central RR. Cos. (See
Manual for 1893.) Leased to the L. & N. RR. Co.,
for 999 years from July 1, 1900, at a yearly rental
of 7i p. c. on the capital stock, payable semi-an-
nually, directly to the stockholders, at the lessee's
office In Nashville, Tenn., in Louisville, Ky., or in
New York, N. Y. The shares of stock not held by the
lessee on the date of the lease are endorsed " origi-
nal stock." On these the dividends are guaranteed,
regardless of the net earnings of the property; and
they carry a lien superior to that of any mortgage
or encumbrance that may be placed upon the prop-
erty. Capital stock ($25 shares), $3,552,950, of
which the L. & N. RR. Co. owns $1,978,800, leaving
$1.574,150 in the hands of the public. D. B. Cliffe,
Pres., Franklin, Tenn.; Samuel Seay, Sec., Nash-
ville, Tenn. Office, Nashville, Tenn.
South and Nortb Alabama RR.— Decatur
to Montgomery, Ala., 182.67 m. ; Elmore to We-
tumpka, Ala., 6.30 m.— total, 188.97 m.; 2d track,
7.76 m. ; total track (steel; 58i, 68, 70, and 80 Ibs.),
264.61 miles. Main line opened Oct. 1, 1872; We-
tumpka Branch, July 1, 1878. Operated by the
L. & N. RR. Co., which owns a controlling inter-
Railroad Map of Kentucky and Tennessee.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"!
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, SND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual — Railroad Map of the United States, 1902.
SCALE OF MILES
0 10 20 40 60 80 100
Holly Sprlmn
M I S/Vs i"
KENTUCKY AND TENNESSEE.
•** mm «•»• «£>*• i
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7 \ SeOj
| | / ENGRAVED BY AMERICAN BANK NOTE CO.,N.Y. ^^^7
8° Wos/iinofon 6
Railroad Map of Kentucky and Tennessee.
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POORS MANUAL OF RAILROADS.
273
security for the 6 p. c. 30-yr. sinking fund bonds of
the L. & N. RR. Co. (See general balance sheet,
L. & N. RR. Co.) The authorized issue of
consols, is $10,000,000, a sufficient amount being
reserved to discharge prior liens. (Additional par-
ticulars respecting the funded debt are in the Ready
Reference Bond List — see General Index.) M. H.
Smith, Pres., Louisville, Ky. ; J. M. Falkner, Vice-
Pres., Montgomery, Ala.; G. W. Cralk, Sec., Mont-
gomery, Ala.; W. W. Thompson, Treas., Louisville,
Ky. Office, Montgomery, Ala.
Stouts Mountain RR. — Ilanceville to Stouts
Mountain, Ala., 5.95 m. ; total track (steel, 5.95
m.), 7.06 miles. Weight of rail not reported.
Chartered July 21, 1900; road opened Feb. 1, 1901.
Operated by the L. & N. RR. Co., but not under a
lease. The capital stock, 500 shares, is owned by
the L. & N. RR. Co., the ledger value thereof,
$10, being included in cost of road. M. H. Smith,
Prea. ; Win. W. Thompson, Treas.; J. H. Ellis, Sec.,
Louisville, Ky.
19. RAILROADS LEASED OR OPERATED UNDER AGBEEMENTS BY THE L. & N. RR. Co.
AND THE RESULTS FROM WHOSE OPERATION ARE NOT INCLUDED IN THE INCOME
ACCOUNT.
Elkton and Gnthrle RR.— Elkton, Ky., to
Elkton June., Ky., 10.92 miles. Chartered In 1884;
road opened Feb. 1, 1885. Operated by the Louis-
ville and Nashville RR. Co., under an agreement
giving the net earnings to lessor. Capital stock, $47,-
::~2: funded debt (1st mtge. 7s of 1905), $25,000—
total stock and bonds, $72,372. representing cost of
road, etc. Ben. T. Perkins, Jr., Pres. ; John O.
Street, Sec. & Treas., Elkton, Ky.
Glasgow Ry.— Glasgow June, to Glasgow, Ky.,
10.5 m.; total track (steel), 10.87 miles. Reorgani-
zation of the Glasgow RR., whose road was sold in
1899. (See Manual for 1899, page 494.) Since the
road was built It has been leased to the L. & N. RR.
Co.. for terms of 5 years; present lease expires in
1907. Capital sfock, $100,000; funded debt. $60.000
4 p. c. bonds, payable in 20 years, with option of
calling in same after 5 years. H. C. Trigg, Pres.;
W. L. Porter, Vice-Pres. ; Brents Dickinson, Treas.;
T. P. Dickinson, See., Glasgow, Ky.
Henderson Bridge and RR.— Henderson,
Ky., to Evansville, Ind., 10.06 miles. Rail (steel),
58 Ibs. Length of bridge superstructure, 3,698.7 ft.
Organized Sept. 21, 1880; bridge opened July 13, 1885.
Operated by the L. & N. RR. Co., which, In union
with other connecting roads, guarantees yearly tolls
of $200,000— being interest on bonds, 6 p. c. divi-
dends on stock, sinking fund charges and organiza-
tion expenses. Gross earnings, year ending June 30,
1901, $229,711. Expenses, $28,221. Net income,
$201,490. Payments: Interest on bonds, $120.000;
sinking fund, $8,400; dividend (24 p. c.), $25.000 —
total, $153.400. Surplus, $48,090. Balance Sheet,
June 30, 1901. — Capital stock. $1.000.000; funded
debt (see General Index), $2.000.000; unfunded
debt, $46,805; profit and loss. $623.641— total. $3,-
670.446. Contra: Cost of bridge and real estate,
$2,217.414; stock bonus, $1,000,000; other assets,
$453.082 — total, $3,670,446. Milton H. Smith, Pres.;
W. D. Hines. Vice-Pres.; J. H. Ellis, Sec.; W. W.
Thompson, Treas., Louisville, Ky. Offices, Louis-
ville, Ky., and 120 Broadway, New York, N. Y.
2O. LEASED JOINTLY BY THE L. & N. RR. Co. AND THE N., C. & ST. L. RY.
Louisville and Nashville Terminal Co.
—Chartered In March, 1893. The company has built
a union station, and is building freight stations and
other terminal facilities between Gay Street and
Spruce Street in Nashville, Tenn. The property has
been leased jointly by the L. & N. RR. Co. and (lie
N., C. & St. L. Hy. at a rental of 4 p. c. per annum
upon the cost, the proportion to be paid by each
company to be determined by its use of the property
and the number of cars handled. The operating ex-
penses are to be divided upon the same basis. Capita)
stock ($100 shares), $100,000. Funded debt outstand-
ing. $2,000.000 1st gold 4s of May 1. 1946. int. M.
.V: X., at office of L. & N. RR. Co., New York, N. Y.
(Additional particulars nre in the Ready Reference
Bond List — see General Index.) E. C. Lewis, Pres.,
Nashville. Tenn.: J. H. Ellis, Sec.; W. W. Thomp-
son, Treas., Louisville, Ky. Office, Nashville, Tenn.
21. Board of Directors, L. & N. EE. Co., elected October 2, 1901.
AUGUST BELMONT, Chairman of the Board New York, N. T.
J. M. Atherton Louisville, Ky.
AttillaCox " "
Rndnlph Ellis.. . .Philadelphia, Pa.
H. E. Garth New York, N.Y.
F. A Horsey. New York, N. Y.
Henry Hentz "
John L. Helm.. .Elizabeth town, Ky.
G. M. Lane Boston, Mass.
Walter G. Oakman. New York, N. Y.
W. G. Raoul "
Milton H. Smith Louisville, Ky.
John I. Waterbury..New York, N. Y.
M. H. SMITH, President Louisville, Ky.
Treasurer— Wm. W. Thompson Louisville, Ky.
Secretary— i . H. Ellis "
Comptroller— Charles Haydon
PRINCIPAL OFFICE AND ADDRESS. . . .Corner Main and Second Sts., Louisville, Ky.
New York Office Equitable Building, 120 Broadway.
let Vice- President-- Walker D. Hines Louisville, Ky.
2d Vice- President— S. H. Edgar New York, N.Y.
3d nee- President -W. J. Dickinson Louisville, Ky.
LOUISVILLE, HENDERSON AND ST. LOTJIS RAILWAY COMPANY.
Main Line of Road. — Henderson, Ky.. to West Point, Ky 121 .4 m.
Fordsville Branch: Irvington, Ky. , to Ford^ville and Falls of Rough, Ky. 43 . 8 m.
TRACKAGE : Illinois Central RR.: Louisville to West Point, Ky 20.8 m.— 186.0 miles.
Sidings, etc., 18.15 miles. Gausre, 4 ft. 9 in. Rail (steel), 56, 60, 70, and 75 Ibs.
History. — Reorganization, May 29, 1896, of the Louisville, St. Louis and Texas Ry.
Co. (See MANUAL for 1896, paefe 231.) Grading is partly completed on proposed extension of
main line from West Point to connection with the Louisville and Nashville RR., a distance
of 16.7 miles.
Rolling1 Stock, June 30, 1901. — Locomotives, 19. Cars — passenger, 14 ; baggage,
mail and express, 5; freight (box, 431; flat, 51 ; stock, 47; coal, 172), 701 ; service, 1 —
total. 721.
Operations, year ending June 30, 1901. — Train mileage — passenger, 371,310; freight,
296,174 ; mixed, 67,673— total, 735,157 miles. Passengers carried, 254,321 ; carried one mile,
18
274
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
10,258,865 ; average mile rate, 2.40 cents. Tons freight moved, 487,744 ; moved one mile,
52,724,768 ; average ton-mile rate, 0.73 cent.
EARNINGS. 1899-00 1900 01
Passenger $235,073 44 $2 4<;.i; :'/,
Freight 3«3,<ilO 33 °"" °":
Mail and Express 30,347 72
Miscellaneous 1.333 01
40
93
34,500 08
970 00
EXPENSES.
Maint. of Way and Structures.,
Mamie-Mann- of Equipment
Conducting Transportation
1899-00 1900-01
$99,332 HI $S5,<i;i; -J3
53,320 30 5'.i.
287,038 25 208,832 82
General Expenses 26,850 77 26,927 36
Totals $466,538 13 $470,2(12 04
Totals per Mile 2,50827 2,82797
Common Stock ($100 shares) $2,000,000 00
Preferred Stock ($100 shares) 2,000,000 00
Funded Debt Outstanding (see below) 2,200,000 00
Interest Accrued.
Current Liabilities.
Taxes Accrued
Other Liabilities. . .
Profit and Loss
Total Liabilities $6,395,425 41
56,275 00
82,119 13
7,934 12
8,553 56
40,543 60
Totals $630,354 50 $668,484 41
Totals per Mile 3,38900 3,89400
Net earnings, 1900-01 (29.70 p. c.), $198,281.77. Payments: Interest on funded d.-bt
(net), $105,926.39 ; taxes, $16,000 ; improvements, $42,765.64— total, $164,692.03. Surplus,
$33,589.74 ; surplus forward, $18,384.63— total, $51,974.37. Deductions during year, $11,-
430.77. Surplus, June 30, 1901, $40,543.60.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Fixtures $5,777,25234
Value of Rolling Stock 435,240 58
Materials and Supplies 18,521 68
Bills Receivable 5,50000
Current Accounts 11,315 63
Cash on Hand 127,780 05
Investment in Coal Lands 4,815 13
First Mortgage Bonds in Treasury 15,000 00
Total Assets $6,395,425 41
Capital Stock and Voting Trust.— The capital stock authorized is as shown on the general
balance sheet. Preferred stock is entitled to 5 p. c. non-cumulative dividends, before any dividend
can be paid on common stock. The capital stock is deposited with John J. McCook, Brayton Ives, and
Oscar Fenley, as voting trustees, under an agreement to endure until May 29, 1906, or until the trust shall
be terminated by an instrument in writing, signed by each of the trustees. In lieu of the shares there have
been issued negotiable trustee certificates, entitled to all dividends declared.
Funded Debt. — The funded debt consists of 1st gold 5s of Jan. 1, 1946, secured by mortgage covering
all the property of the company, including equipment. Provision is made for the issue of $300,000 additional
bonds (making $2,500,000 in all) for the extension of the main line to Louisville, or for such other abso-
lutely necessary improvements as may be approved by the board of trustees.
Directors (elected Sept. 3, 1901). — Attilla Cox, Harry Weissinger, Oscar Fenley, John
Doerlioefer, Samuel Culbertson, Louisville, Ky.; J. D. Stewart, John H. Barret, Henderson,
Ky.; J. D. Powers, Owensboro, Ky. ; Charles B. Van Nostrand, New York, N. Y.
ATTTLLA Cox, President Louisville, Ky.
Harry Weissinger, Vice- President "
Ridgeley Cayce, Secretary " "
Treasurer— H. V. Sanders Louisville, Ky. | Auditm — G. H. Lamkin Louisville, Ky.
PRINCIPAL, OFFICE AND ADDRESS Louisville, Ky.
MOBILE AND OHIO RAILROAD COMPANY.
(CONTROLLED BY THE SOUTHERN RY. Co.)
(For map of this road, see page 275.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Balance Sheet, 1894-1901 7
Capital Stock. .* 11
Car Trusts 14
Directors and Officers 21
Earnings, Expenses, etc 8
Equipment Bonds 6a
Funded Debt, Description of 13
Gen. Balance Sheet, June 30, 1901. 10
Guaranties ...13a
History 3
Income Account, June 30, 1901 . . 8
Income Account, 1894-1901 7
Interest in St. Louis & Cairo RR. 4
Joint Trackage 2
Land Department 18
Leased Line, Statement of 19
Mileage Operated, Jane 30, 1901. . 1
Operations & Income, 1894-1901. 7
Owned Railroad, Statement of . . . 20
Profit and Loss, June 30, 1901 .... 9
Rolling Stock 6
Securities in Hands of Trustees. . 16
Securities in Treasury 15
Securities Owned, June 30, 1901.. 17
Voting Authority 12
1. Mileage Operated, June 30, 1901. — A. LINES OWNED (total, 715.5 miles).
Main Line : Mobile, Ala. , to Columbus, Ky 472.0 miles.
Cairo Extension : South Columbus, Ky., to East Cairo, Ky 21.0 "
Columbus Branch : Artesia, Miss. , to Columbus, Miss 14.0 "
Starkmlle Branch : Artesia, Miss. , to Starkville, Miss 11.0 "
Aberdeen Branch : Muldon, Miss., to Aberdeen, Miss 9.0 "
Montgomery Division : Columbus, Miss., to Montgomery, Ala 167.2 "
Warrior Branch : Tuscaloosa, Ala., to Warrior Coal Fields 9.5 "
Blocton Branch : Eoline, Ala., to Cahaba Coal Fields 11.8 "
B. LEASED LINE: St. Louis & Cairo RR.: Cairo to East St. Louis, 111., andbianch. . 158.6 "
Total length of lines owned and leased, June 30, 1901 874.1 miles.
Gauge, 4 ft. 8* in. Rail, 56, 60, 70, and 75 Ibs.
MAP OF THE' f
MOBILE & OHIO R. R.
AND CONNECTIONS.
375
POOK'S MANUAL— GULF AND MISSISSIPPI VALLEY GEOUP.
la. Statement of track mileage and of mileage laid with steel rails, June 30, 1901 :
MAIN LINK.
BRANCHES.
TOTAL.
Total
Track.
Steel
Rail.
Main
Track.
Side
Track.
Main
Track.
Side
Track.
Main
Track.
Side
Track.
Mobile and Ohio RR. Proper. . .
Montgomery Division
Mile*.
493.00
167.19
151.60
Miles.
122.01
24.42
52.66
Milet.
34.00
21.33
7.00
Miles.
10.85
5.38
1.45
Miles.
527.00
188.52
158.60
Milet.
132.86
29.80
54.11
MUet.
659.86
218.32
212.71
Milei.
612.07
216.10
211.38
St. Louis and Cairo RR
Totals
811.79
199.09
62.33
17.68
874.12
216.77
1,090.89
1,039.55
2. Joint Trackage. — The single track railroads of this company and of the Illinois Cen-
tral RR. Co. parallel each other from the end of the Cairo Bridge southward for 6 miles.
Under an arrangement made in Aug., 1899, these tracks are used jointly by the two compa-
nies as a double track railroad. Under an arrangement made earlier in the same year this
company secured joint use of the Illinois Central bridge and approaches at Cairo. Through
a trackage arrangement with the Alabama Midland Ry. Co. this company is enabled to reach
its terminal grounds in the heart of the city of Montgomery and also to jointly use a Belt
Line, connecting with the other lines entering the city, and reaching the most important
manufacturing industries in Montgomery. The company's passenger trains enter the union
depot of die- Louisville and Nashville RR. Co. in Montgomery, affording an interchange of
passenger traffic with other lines.
3. History. — Chartered on Feb. 3, 1848. Land grant acquired under Act of Congress, Sept.
20, 1850. The first section of the road, 33 miles in length, was opened in 1852. The main
line was opened throughout on April 22, 1861, and the branch to Columbus at about the same
time. The Aberdeen Branch was opened in 1870, the Starkville Branch in 1874, and the
Cairo Extension on Nov. 1, 1881. The Montgomery Division was opened on July 1, 1898,
but was not merged with the M. & O. RR. system until July 1, 1899. In March, 1901, the
Southern Ry. Co. acquired the control of a majority of the capital stock of this company and
now owns and controls 49,326 shares of the capital stock and $7,947,000 of the general mort-
gage bonds. The road will continue to be operated as a separate property. (See Southern
Ry. Co.)
4. Interest in St. Louis and Cairo RR. — The St. Louis and Cairo RR. is leased for 45
years from Feb. 1, 1886, at a rental of 25 p. c. of 150-640ths of the yearly gross earnings of
the line from Mobile, Ala., to East St. Louis, 111., and of the Columbus, Starkville, and Aber
deen Branches, a minimum of $165,000 per annum being guaranteed. The Mobile and Ohio
RR. Co. has acquired all except 110 shares of the capital stock of the St. Louis and Cairo RR.
Co. by issuing in exchange therefor, at the rate of $1,000 for every $3,000 of stock, the col-
lateral trust gold bonds described in Sec. 12.
5. Interests in Other Properties. — The company owns the capital stock of the Mobile
and Bay Shore Ry. Co. (see subjoined statement for that company), and of the Mobile Docks
Co., the latter being the owner and lessee of the wharves fronting on Mobile River. The
leased wharves are the property of the M. & O. RR. Co.
6. Rolling: Stock, June 30, 1901.— Locomotives, 171. Cars — passenger, 51 ; combina-
tion, 8 ; baggage, mail and express, 39 ; business, 7; freight (box, 1,840 ; furniture, 25 ; fruit,
787; refrigerator, 207; stock, 85 ; gondola, 1,766; flat, 386; caboose, 15), 5,111 ; way, 78;
service, 216 — total cars, 5,510. Included in the foregoing statement are 59 locomotives, 5
passenger cars, 5 baggage, mail and express cars, 895 box cars, 400 fruit cars, 200 refriger-
ator cars, 800 gondolas, 15 way cars and 150 ballast cars which are subject to Equipment
Trust lienr.
6a. Equipment bonds to the total amount of $3,195,964.40 have been issued from time
to time, secured upon equipment included above. Of these bonds there were outstanding,
June 30, 1001, $1,592,000 in five series, as follows : Series P, $47,000; Series Q, $361,000;
Series R, $184,000 ; Equipment Agreement, Series A and B, $500,000 each. The maturities
POOR'S MANUAL — MOBILE AND OHIO RR. CO.
277
of the principal of the car trusts are various, they being payable in tri-monthly and semi-
annual installments, the last of Series P in 1904, the last of Series Q in 1908, and the last
of Series R in 1905. The principal of the Equipment Agreements, Series A and B, is payable
in annual installments, the last being in 1919.
7. Statement of operations, etc., of the entire system, and of equipment and capital
accounts of the M. & O. RR. Co., for eight fiscal years :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad Operated.
Passenger Train Miles
Freight Train Miles
687.60
878,143
1,614,368
624,826
20,148,588
1,546,398
886,347,179
3,006,521
1,939,675
687.60
932,318
1,696,725
598,194
20,416,878
1,608,632
286,271,309
$
3,037,640
2,052,928
687.60
1,095,997
1,924,385
705,605
25,505,304
1,829,588
340,217,936
$
3,357,862
2,225,879
687.60
1,091,709
2,229,448
600,439
24,324,571
2,096,006
409,608,065
8
3,569,815
2,474,000
687.60
1,040,673
2,322,797
626,044
23,679,581
2,521,485
504,478,384
8
3,842,117
2,790,641
687.60
1,085,585
2,514,305
669,832
28,726,601
2,867,310
570,115,702
8
4,128,389
2,962,896
876.12
1,296,027
3,899,305
852,057
35,245,917
4,132,755
770,450,986
8
5,996,731
4,192,245
874.12
1,273,241
3,483,501
929,210
37,336,136
4,365,646
792,823,887
8
6,139,912
4,186,505
Passengers Carried
Passenger Mileage
Freight, (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
1,066,846
247,170
984,712
232,350
1,131,983
261,209
1,095,815
298,043
1,051,476
365,202
1,165,493
402,765
1,804,486
93,168
1,953,407
114,951
Other Receipts
Net Income
1,314,016
97,044
861,160
176,163
1,217,062
101,559
856,367
177,987
1,393,192
99,323
862,882
196,750
143,645
90,592
4,883 45
3,237 17
1,646 28
66.29 p. c.
2.12 c.
0.77 C.
527.00
629.70
106
49
27
4,084
7,680,000
17,691,300
225,468
1,393,858
109,962
850,957
209,169
204,451
19,319
5,191 70
3,598 02
1,593 68
69.30 p. c.
2.16 c.
0.69 c.
537.00
631.16
116
49
27
3,679
8
7,680,000
17,646,300
147,823
1,416,678
115,933
849,756
225,124
180,697
45,168
5,587 72
4,058 52
1,529 20
72.63 p. c.
2.11 c.
0.62 c.
715.52
843.11
143
59
40
5,125
s
7,680,000
21,556,200
559,000
135,000
917,702
680,629
1,568,258
116,627
902,629
241,898
271,748
35,356
6,004 06
4,309 04
1,695 02
71.77 p. c.
2.07 c.
0.58 c.
715.52
854.05
152
63
47
4,968
8
7,680,000
21,556,200
766,000
40,000
1,308,374
827,039
1,897,654
141,381
1,131,929
286,716
314,991
22,639
6,84465
4,785 01
2,059 63
69.91 p. C.
1.99 c.
0.59 c.
715.52
868.53
178
69
49
5,736
8
7,680,000
23,981,200
1,683,000
180,000
1,865,086
842,568
2,063,358
146,346
1,259,695
295,615
389.416
Z?«/.22,714
7,024 11
4,789 39
2,234 72
68.18 p. C.
2.01 c.
0.58 C.'
715.52
878.18
171
59
46
5,405
8
7,680,000
23,982,200
1,592,000
270,000
1,558,508
620,279
Payments: Taxes
Interest
Rental, St. L. & C. RR. . .
Additions, etc
Balance, Surplus . . .
179,649
4,372 48
2,820 94
1,551 54
64.52 p. c.
2.20 C.
0.83 c.
527.00
626.77
105
51
26
4,023
$
7,680,000
17,811,400
555,672
631,688
81,149
4,417 74
2,985 64
1,432 10
67.58 p. c.
2.16 c.
0.84 C.
527.00
627.45
105
51
25
4,083
8
7,680,000
17,752,300
369,114
Gross Earnings per Mile...
Operating Expenses p. Mile,
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile .
Miles of RR. Owned
Miles of Track Owned
Locomotives
Passenger Cars
Baggage, etc., Cars
Freight, etc., Cars
Capital Stock
Bonded Debt
Car Trusts
Bills Payable
Current Liabilities
529,297
521,676
488,664
203,711
533,367
715,613
522,843
702,306
Profit and Loss
Total Liabilities
27,729,733
21,994,469
555,672
344,601
4,280,420
121.562
433,009
26,493,789
22,183,735
369,114
347,32-2
2,980,025
138,176
475,417
26,845,747
22,521,231
225,468
351,795
2,980,025
123,985
643,243
26,699,271
22,521,231
147,823
335,065
2,979,050
131,511
584,590
31,528,531
26,521,231
559,000
324,728
2,954,475
297,933
871,164
32,177,613
27,184,584
766,000
349,223
2,774,475
246,164
857,167
36,231,853
27,256,740
1,683.000
362,708
5,128,925
284.058
1,516,422
35,702,987
27,284,792
1,592,000
183,652
4,933,980
389,680
1,318,883
Cost of Property
Car Trusts
Land Department
Stocks and Bonds
Materials etc. ..
Cash Assets
Total Assets . ...
27,729,733
3,835,500
1,813,600
597,300
894,200
26,493,789
3,806,500
1,843,600
597,300
894,300
26,845,747
3,745,500
1,843,600
597,300
894,300
26,699,271
3,703,000
1,844,600
597,800
"895,300
31,528,531
3,616,000
1,847,700
597,800
895,300
32,177,613
3,616,000
1,847,700
597,800
895,300
36,231,853
3,541,000
1,847,700
597,800
895,300
35,702,987
3,541,000
1,847,700
599,500
898,800
Transf . to F. L. & T. Co. :
1st Debentures
2d Debentures
3d Debentures
4th Debentures. . .
Total
7,140,600
1,464,500
7,141,700
1,493,500
7,080,700
1,554,500
7,040,700
1,597,000
6,956,800
1,684,000
6,956,800
1,684,000
6,881,800
1,759,000
6,887,000
1,752,800
Held in the Sinking Fund:
1st Debentures ...
NOTE. — Funded debt in the preceding statement is exclusive of debentures transferred to and standing on
the books of the company in the name of the Farmers' Loan and Trust Co. See detailed statement of funded
debt given in Sec. 13.
§. General Income Account, year ending June 80, 1901.
Expenses— Maintenance of Way & Struct.. $805,949 93
Maintenance of Equipment. ... 530,597 31
Earnings— Passenger 8749,779 98
Freight 4,619,203 66
Mail 106,131 28
Express 111,709 24
Miscellaneous 553,088 03
Total ($7,024.11 per mile) 86,139,912 19
Conducting Transportation 2,619,385 83
General Expenses 230,572 28
Taxes... 146,34569
Total (84,956.82 per mile) 84,332,851 04
278 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
Net earnings (29.43 p. c.), $1, 807,061. M ; other receipts, $114,950.88— total, $1,922,-
012.03. Payments: Interest on bonds (1st mtge., $420,000: 1st n tge. extension, $60,000;
Montgomery Division, $200,000; collateral trust, $100,000; gen. mtge , $878,880), $1,158,880 ;
interest on car trusts, etc., $100,814.77; rental, St. Louis and Cairo HR., $295,615.05;
principal of car trust debt and new equipment, $250,003.08 ; ballasting, $119,510.03 ; raising
and double tracking, St. L. & C. RR. at Cairo, $4,210.48 ; steamship operations, $5,771.59 ;
new side tracks, $9,920.98— total, $1,944,725.98. Deficit, $22,713.95.
9. Profit and Loss Account, year ending June 30, 1901. — Balance, June 30, 1900 (gen-
eral account, $819,928.98; income account, $22,638.60), $842,567.58; real estate sold, $101,-
518.90 ; equipment sold, $17,500 ; miscellaneous credits, $13,608.34— total, $975,194.82.
Contra: Discount on $116,000 gen. mtge. bonds sold, $17,587.50; discount on $33,000
Mobile & Ohio-St. Louis & Cairo collateral bonds sold, $4,125; sundry old accounts of previous
years charged off, $223,045.59 ; adjustment of accrued taxes, $74,000 ; profit and loss, lar-d
department, $13,443.92; income account, year ending June 30, 1901, $22,713.95— totiu,
$354,915.96. Balance, June 30, 1901, $620,278.86.
1O. General Balance Sheet, June 30, 1901.
Cost of Road and Property $27,284,791 53
Real Estate— Donated Lands 183,651 60
Trust Equipment (see Sec. 6) 1,592,00000
Stocks and Bds. in Treas'y (see Sec. 15). 2,663,400 00
Stocks and Bonds in Hands of Trustees
(see Sec. 16) 2,169,455 00
Securities Owned (see Sec. 17) 101,125 00
Materials and Supplies 389, 679 58
Insurance Paid in Advance 12,265 16
Cash 253,48975
Equipment Trust Sink. Fds. Uninvested. 25,000 00
Deposits for Mat. Coupons and Dividends 54,749 00
Current Assets 885,789 80
Miscellaneous Assets 87,590 51
Total Assets $35,702,986 93
Capital Stock ($100 shares) $7,680,000 00
Funded Debt (see Sec. 13) 23,972,000 00
Equip. Trust Obligation (See Sec. 6a) 1,592,000 Ou
Preferred Income and Sink. Fund Deben. In.:
Reserve Accounts 54,248 VJ
Bills Payable 270,00000
Audited Vouchers and Pay Rolls 654.-
Current Liabilities 455,72506
Interest on Bonds Accrued, not Due 276,293 33
Other Interest and Taxes Accrued, not
Due 84,416 66
Equip. Trust Bonds Accrued, not Due.. 33,000 00
Profit and Loss— Gen. Acct. $642,992 81
*icome Act., Deficit, 1900-'01 22,713 95— 620,278 86
Total Liabilities $35,7u
11. Capital Stock.— The authorized share capital is $10,000,000, of which $5,320,600 is outstanding:
$2,359,400 issue of 1873, though not outstanding, has been issued and is in the treasury of the company, and
$2,320,000 remains unissued.
12. Voting Authority.— The right to vote on $4,953,800 of the outstanding stock (designated " as-
sented "), is vested in the Farmers' Loan and Trust Co., as trustee of the general mortgage, in trust for the
benefit and security of the debentures, until these are extinguished.
13. Funded Debt.— The funded debt outstanding on June 30, 1901— total $23,972,000, as per general
balance sheet — consisted of the several issues of bonds, listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
Bond List — see General Index:
1st 6s of Dec. 1, 1927 $7,000,000
1st extension gold 6s of July 1, 1927 1,000,000
Montgomery Div. 1st gold 5s of Feb. 1, 1947. 4,000,000
Collateral Trust gold 4s of May 1, 1930 2,500,000
General gold 4s of Sept. 1, 1938 9,472,000
1st pref. inc. and sink, fund debentures $6,200
2d pref. inc. and sink, fund debentures 2,300
3d pref. inc. and sink, fund debentures 500
4th pref. inc. and sink, fund debentures 1,200
Any coupon bonds carrying the right to be registered should be presented for registration at the company's
office in New York, N. Y.
FIRST MTGE. BONDS.— Secured on the main line from Mobile, Ala., to Columbus, Ky., 472 miles.
Principal payable in gold; interest in lawful money.
FIRST MTGE. EXTENSION GOLD BONDS. — Secured on the Kentucky and Tennessee RR. (Cairo Extension),
and are also a first lien on the several branches of the M. & O. RR., 34 miles, upon the transfer and
terminal properties in Cairo, 111., and upon the net income of the road after payment of the expenses of
its maintenance and operation and of the interest on the 1st mtge. bonds.
MONTGOMERY DIVISION GOLD BONDS. — Secured as a first lien on the Montgomery Division and branches,
188.52 miles, and also cover equipment purchased with the proceeds of $500,000 of the bonds.
ST. Louis AND CAIRO COLLATERAL TRUST GOLD BONDS. — The amount in the statement is the total auth-
orized, the amount outstanding on June 30, 1901, being $2,494,000. Of this amount, $2,161,000 were issued
in exchange for $6,483,000 par value of the capital stock of the St. Louis and Cairo RR. Co., at the ran .,f
a bond of $1,000 for each $3,000 of the stock, and $333,000 were issued for the acquisition of additional
property and equipment. The remaining $6,000 of the bonds were in the hands of the trustee, being
reserved for the exchange of the remainder of the $6,500,000 capital stock of the St. Louis and Cairo
RR. Co. Up to June 30, 1901, a total of $6,483,000 par value of the capital stock of thf St. Louis and
Cairo RR. Co. had been acquired and deposited as security for the bonds of this issue. The
bonds are subject to redemption on any interest day, at par and accrued interest. As a sinking fund for
their redemption the company will pay yearly to the trustee so much of all dividends collected on the
stock of the St. Louis and Cairo RR. Co. as may exceed in amount the interest maturing during the year
on the collateral trust bonds outstanding. This fund is to be applied to the purchase of bonds in the open
market, at a price not to exceed par and accrued interest. If bonds cannot be purchased at such
a price an amount sufficient to exhaust the sinking fund is to be drawn by lot. All bonds purchased or
redeemed, whether by action of the sinking fund or independently thereof, must be cancelled.
POOR'S MANUAL — MOBILE AND OHIO SYSTEM.
279
GENERAL MTOE. GOLD BONDS.— By resolution of May 15, 1895, it is provided that no right to enforce the
mortgage security can arise in consequence of failure to pay interest until there shall have been four
iin.ssive coupons in default. The bonds are secured on the main line and branches, 527 miles, and on the
lands of the company. The total authorized issue is $10,500,000, of which bonds for $9,469,545 are out-
standing-; $'2,455 are held by the Farmers' Loan and Trust Co., to be exchanged for debentures, and
$1,028,000 have been cancelled. " By the provisions of the general mortgage, the holder of each $500 thereof
is entitled to one vote under the deed of trust of May 15, 1888, at all meetings held tor the purpose of
directing the Farmers' Loan and Trust Co. how to vote upon the debentures held by it for the benefit and
security of the said general mortgage bonds, and for this purpose a ' voting register ' has been established
at the office of the company in the city of New York, where such voting power is inscribed in the names
of the parties to whom the said general mortgage bonds may have been originally issued, and where any
succeeding holder of the bonds may, from time to time, have the same inscribed in his own name for
voting purposes."
DEBENTURE BONDS. — In addition to the debentures represented in the preceding statement, there were
outstanding in the possession of the Farmers' Loan and Trust Co., June 30, 1901, $3,541,000 1st, $1,847,700 2d,
$599,500 3d and $898,800 4th debentures, making a total of $6,887,000 debentures, transferred to and standing
on the books of the company in its name as trustee of the general mortgage, and $1,752,800 1st debentures
were held in the sinking fund.
13a. Guaranties — The Mobile and Ohio RR. Co. guarantees, both principal and interest, $200,000
1st mtge. 5 p. c. bonds of the Mobile and Bay Shore Ry.,'and guarantees the interest on $4,000,000 1st
mtge. 4 p. c. bonds of the St. Louis and Cairo RR.
14. Bonded Debt, Car Trusts — A sketch of this company's bonded debt, with special reference
to the general mortgage bonds, and debentures, as also a statement of the car trusts issued and outstanding
from 1882 to 1895, was published in the Manual for 1896, page 235.
15. Stocks and Bonds in Treasury.— These consist of the following: Company's assented
stock, $4,000; company's common stock, $2,359,400; St. Louis and Cairo collateral bonds, $300,000— total,
$2,663,400.
16. Stocks and Bonds in Hands of Trustees.— These consist of $2,455 gen. mtge. bonds
of 1888 (to take up debentures) ; $6,000 St. Louis and Cairo collateral bonds (to acquire St. L. & C. RR.
Co.'s stock), $6,000, and $2,161,000 St. L. & C. RR. Co. stock (pledged for bonds, etc.), total, $2,169,455.
17. Securities Owned.— These are as follows: Mobile Cotton Exchange stock (par $100), $75;
Mobile Trans-Atlantic Terminal Co. stock (par, $100), $3,000; Terminal Elevator stock, $40,000; Mobile
Docks Co. stock (par, $10). $5,000; Mobile and Bay Shore Ry. stock (par, $100), $50,000; Tupelo Cotton Mills
Btock (par, $100), $2,750; Montgomery Auditorium stock (par, $100), $300— total, $101,125.
18. Land Department.— Lands in Alabama, 124,653.92; in Mississippi, 178,037.78; and in Ken-
tucky, 410.52— total, 303,102.22 acres. Value of lands, $167,368.36. Town lots, etc. (Alabama, $4,239.72;
Mississippi, $12,043.52), $16,283.24. Total value, $183,651.60.
Cash balance, June 30, 1900, $16,237.46; land contracts, $146,839.07; net proceeds land sales, rents,
timber sales, trespasses, etc., $63,116.71— total, $226,193.24. Contra: Contracts cancelled, $54,250.25; taxes on
donated lands, town lots, etc., $6,330.60; balance, June 30, 1901 (land contracts, $102,027.25; cash, $63,585.14),
$165,612.39— total, $226,193.24.
19. RAILROAD LEASED BY THE M. & O. RR. Co. AND THE RESULT OF WHOSE OPERATION
is INCLUDED IN INCOME ACCOUNT.
St. Louis and Cairo RR.— Cairo to East St.
Louis, 111., 151.6 m.; Millstadt June, to Millstadt.
111.. 7 m. — total, 158.6 m. ; total track (steel; 60
IDS.), 212.74 miles. Organized June 14, 1881, and on
Feb. 2, 1882, succeeded to the property of the Cairo
and St. Louis RR. Co., which was sold under fore-
closure on July 14, 1881. Leased to the Mobile and
Ohio RR. Co., for 45 years from Feb. 1. 1886, at a
rental of 25 p. c. of 150-640ths of the yearly gross
receipts of the 687.6 miles of railroad from Mobile,
Ala., to East St. Louis, 111., including branches, a
minimum yearly rental of $165.000 being guaranteed.
(See Manual for 1890, page 465.) By means of an
issue of 4 p. c. collateral trust gold bonds dated
May 1. 1900, the Mobile and Ohio RR. Co. has
acquired all except 110 of the 65,000 shares of capital
stock of this company and has deposited such stock
in trust for the benefit and security of Its collateral
trust bonds. The rentals required by the lease will
be paid as heretofore — $80,000 each half year to
the Farmer's Loan and Trust Co.. in trust, to meet
the interest on the $4,000,000 1st mtge. 4 p. c. bonds
of this company, and the surplus rental to the St.
Louis and Cairo RR. Co. Balance Sheet, June 30,
1901.— Capital stock ($100 shares), $6,500,000;
funded debt (1st 4s of Jan. 1, 1931 — see General
Index), $4,000.000; unfunded debt. $80.730; profit
and loss, $136.290 — total, $10;717,020. Contra: Cost
of property, $10,500.000; other assets, $217.020—
total, $10,7'l7,020. The bonds are guaranteed by the
lessee. F. A. Horsey, Pres. & Treas., New York,
N. Y.; Paul W. Abt, Sec., East St. Louis, 111.
Office, 17 and 19 William St., New York, N. Y.
2O. RAILROAD OWNED BY THE M. & O. RR. Co. BUT THE RESULT OF ITS OPERATION
NOT INCLUDED IN INCOME ACCOUNT.
Mobile and Bay Shore Ry.— Prltchards to
Bayou La Batre, Ala., 34.10 m. ; Delchamps to
Alabama Port, Ala., 4.26 m.— total, 38.36 m. ; total
track (steel; 60 Ibs.), 39.92 miles. Gauge, 4 ft.
8i In. Chartered Nov. 7, 1898; road opened Sept.
1, 1899. Locomotives, 4. Cars (passenger, 2; bag-
gage, etc., 1). 3.
Operations, year ending June 30. 1901. — Trains run
(passenger, 41,392 freight, 28,106; other. 7,866),
77.364 miles. Passengers carried, 48,939; carried one
mile. 1,222,475. Tons freight moved. 27,120; ton-
miles, 604.787. Earnings (passenger, $18.935;
freight. $23,501; other. $4.243), $46.679. Operating
expenses, $41,012. Net earnings. $5.668. Payments:
Interest on bonds, $10,000; taxes, $1.552 — total, $11,-
552. Deficit, $5,884; deficit forward, $3,484— total,
$9,368.
Balance Sheet, June 30, 1901.— Capital stock ($100
shares), $50,000; funded debt (1st gold 5s of May 1,
1949 — see General Index), $200,000; accrued interest,
$1,667; current liabilities, $27,008 — total, $278,674.
Contra: Cost of property. $267,365; cash on deposit
to meet matured coupons, $1,475; accounts and
balances, $39; profit and loss. $9.795— total. $278.674.
The Mobile and Ohio RR. Co., owns the entire
capital stock and guarantees the bonds, both princi-
pal and interest.
Directors (elected Nov. 7. 1901). — E. L. Russell,
C. S. Clarke. James H. Mr'sson, A. H. Spira, R. V.
Taylor, J. C. Clarke. Mobile, Ala.; W. B. Duncan,
New. York. N. Y.; C. H. Ackert. St. Louis, Mo.,
A. J. Russell, Meridian. Ala. Officers: E. L. Rus-
sell, Pres.; R. V. Taylor, Vice-Pres. & Aud.; Henry
Tacon, Sec. & Treas., Mobile, Ala. Office, Mobile,
Ala.
280
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
•1. Board of Directors, Mobile and Ohio RR. Co., elected Feb. 19, 1901.
W. BUTLER DUNCAN, Chairman of the Board New York, N. Y.
James C. Clarke Mobile, Ala. C. Sidney Shepard.New York, N. Y. W. W. Pinley . . . Washington, D. C.
Adrian Iselin, Jr.. .New York, N. Y. C. C. Cuyler E. L. Russell Mobile, Ala.
James H Masson ..Mobile, Ala. A.B.Andrews Raleigh, N. C. A. H. Stevens New York, N. Y.
Samuel Spencer. . .New York, N. Y. Thos. E. Jevons. . .New York, N. Y. P. D. Tappen
SAMUEL SPENCER, President New York, N. Y.
A. B. Andrews, 1st Vice- President Raleigh, N. C.
W. W. Finley, 2d Vice- President Washington, D. C.
E. L. Russell, General Counsel Mobile, Ala.
Secretary and Treasurer — Henry Tacon . . .Mobile, Ala. | General Auditor— R. V. Taylor Mobile, Ala.
PRINCIPAL OFFICE AND ADDRESS Mobile, Ala.
New York Office 80 Broadway. | St. Louis Office Fullerton Building.
NASHVILLE, CHATTANOOGA AND ST. LOUIS RAILWAY.
(For map of this system, see page 281.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Balance Sheet, 1894-1901 12 Income Account, June 30, 1901.. 8 Mileage Operated June 30, 1901 . 1
Directors and Officers 14 Income Account, 1894-1901 12 Operations & Income, 1894-1901. 18
Earnings, Expenses, etc 8 Income Mortgage Bonds 11 Oper. Earn. & Exp. June 30, 1901 8
Funded Debt, Description of 10 Joint Lease 4 Rolling Stock 6
Gen. Balance Sheet, June 30, 1901 9 Leased Line, Statement of 13 Terms of Leases
History 2 Marine Equipment 1 Trackage Contracts 5
1. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 804.84 miles).
Main Line : Chattanooga, Tenn., to Hickman, Ky 320.21 miles.
ShelbymlleBrancfi : Wartrace, Tenn., to Shelbyville, Tenn 8.01
Sequatchie Valley Branch : Bridgeport, Ala., to Pikeville, Tenn 63.13
Fayettemlle and Columbia Branch : Decherd to Columbia, Tenn 86.47
Huntsmlle Branch : Elora, Tenn., via Huntsville, Ala., to Tenn. River 42.58
Oadsden Branch : Guntersrille to Gadsden, Ala 37.63
McMinnmlle Branch : Tullahoma to Bon Air Coal Co.'s Mines, Tenn 69.54
Tracy City Branch : Cowan, Tenn. , to Tracy, Tenn 20.73
Lebanon Branch : Nashville, Tenn. to Lebanon, Tenn 29.21
Centreville Branch : Dicknon, Tenn., to Allen's Creek, Tenn 65.94
Rome RR. : Kingston to Rome, Ga 18.15
West Nashville Branch: Nashville, Tenn., to West Nashville, Tenn 6.26
Middle Tennessee & Alabama Div. : Fayetteville, Tenn., to Lax, Ala 36.98
B. LEASED LINES (391.02 miles).
Western & Atlantic RR. : Atlanta, Ga. , to Chattanooga, Tenn 136.82
Paducah & Memphis Div. L. & N. RR. : (see subjoined statement) 254.20
Total length of lines operated, June 30, 1901 1,195.86 miles.
Sidings (owned, 195.53 m.; leased, 92.25 m.), 287.78 miles. Gauge, 4 ft. 9 in. Rail (steel
—owned, 793.07 m.; leased, 390.45 m.— total, 1,184.12 m.), 38 to 80 Ibs.
2. History. — Consolidation, in 1873, of the Nashville and Chattanooga RR. Co. and _the
Nashville and Northwestern RR. Co. The branches were built under separate charters, some
of them by independent corporations, and were absorbed from time to time as shown in the
MANUALS for 1888 and subsequent years. In 1880 the Louisville and Nashville RR. Co.
acquired 55 p. c. of the capital stock of this company.
3. Terms of Leases. — The Western and Atlantic RR. is leased for 29 years from Dec.
27, 1890, at a rental of $35,001 per month. The Paducah and Memphis Division of the
Louisville and Nashville RR. is leased for 99 years from Sept. 9, 1896, but the lease was
not ratified until Sept. 12, 1900, in consequence of which the operations of the road pre-
vious to July 1, 1900, were not included in the accounts of this company. The annual rental
payable under the lease is 5 p. c. on the cost of the road, and 5 p. c. additional on the cost
of all improvements and betterments to the property. (See subjoined statement for Paducah
and Memphis Division.)
4. Joint Lease. — The property of the Louisville and Nashville Terminal Co. is leased
by this company and the Louisville and Nashville RR. C<>., jointly, at a rental of 4 p. c. per
annum on its cost, the proportion to be paid by each company to be determined by the
881
282 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
property used, respectively, and the number of cars handled for each through the property
leased. The operating expenses are to be divided upon the same basis. (See GENERAL
INDEX for Louisville and Nashville Terminal Co.)
5. Trackage Contracts. — The Southern Ry. Co. uses this company's tracks from Steven-
son, Ala., to Chattanooga, Tenn., a distance of 38 miles, at a rental of $60,000 per annum,
the contract to terminate on two years' notice by either party. Under an' agreement to endure
until Jan. 18, 1914, the Alabama Great Southern RR. Co. uses this company's tracks from
Wauhatchie to Chattanooga, a distance of 5 miles, at a rental of $14,400 per annum.
6. Rolling Stock, June 30, 1901. — Locomotives, 193. Cars — passenger, 127 ; baggage,
40 ; postal, 11 ; freight (box, 3,935 ; stock, 117 ; coal, 1,195 ; flat, 773 ; ore, 50 ; coke,
205 ; caboose, 229 ; gravel, 74 ; dump, 10), 6,588 ; other, 29— total, 6,795.
7. Marine Equipment. — The company owns 2 steamers and 2 transfer barges, which
are used on the Tennessee River between Hobbs Island and Guntersville, Ala., a distance of
20 miles, also a wharf boat at Paducah, Ky.
§. General Income Account (1,195.86 miles), year ending June 30, 1901.
Earnings— Passenger $1,"537,301 80
Freight 5,599,54876
Mail and Express 310,234 32
Miscellaneous 173,04287
Total ($6,372.09 per mile) $7,620,127 75
Expenses— Maintenance of Way $1,270,769 54
Maintenance of Equipment 678.046 25
Conducting Transportation 2.968,570 28
General 193,739 45
Total ($4,274.01 per mile) $5,111,125 52
Net earnings (32.89 p. c.), $2,509,002.23; add income from investments, $22,253.:}9—
total, $2,531,255.62. Payments : Interest on bonds, $957,297.50 ; other interest, $65,052.95 ;
rentals, $625,878.24; taxes, $209,133.62 ; twenty-six W. & A. income bonds retired, $26,000 ;
surplus earning of P. & M. Division applied against improvement account, $18,513.77; reserve
for doubtful accounts, $10,000— total, $1,911,876.08. Surplus, $619,379.54 ; surplus forward,
$1,669,325.30 ; premium on bonds sold, $28,350— total, $2,317,054.84. Deduct : Adjustment
of accounts prior to present fiscal year, $28,621.26 ; reserve for doubtful accounts to June 30,
1900, $20,000— total, $48,621.26. Profit and loss balance, June 30, 1901, $2,268,433.58.
9. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $27,648,957 48
Securities Owned at Cost 1,012,397 82
Real Estate 157,064 58
Materials and Supplies 378,17831
Due from Station Agents 171,393 59
Notes Receivable 13,808 71
Traffic Balances 29,621 43
Accounts Receivable 313,41078
Cash on Hand 496,84603
Unadjusted Claims 82,452 22
Improvements Paducah and Memphis Div. 177,047 35
Total Assets .$30,481,178 30
Capital Stock ($100 shares) $10,000,000 00
Funded Debt Outstanding (see Sec. 10).. 16,021,000 00
Notes Payable (incl. Equipment Notes). 1,062,046 09
Interest Accrued, including July 1 371,89032
Dividends Unclaimed 18,709 82
Audited Vouchers, Pay Rolls & Accounts 703,207 58
Traffic Balances 24,228 50
Reserve for Doubtful Accounts 11,66201
Profit and Loss 2,268,433 58
Total Liabilities $30,481,178 30
1O. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $16,021,000, as per gen-
eral balance sheet — consists of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the state-
ment; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready
Reference Bond List — see General Index:
1st 7s of July 1, 1913 $6,300,000
1st Jasper Br. Ext. 8s of Jan. 1, 1906 90,000
1st Jasper Br. Ext. 6s of Jan. 1, 1923 371,000
1st Lebanon Br. 6s of Jan. 1, 1917 300,000
2d D. R. V. RR. 6s of Nov. 1, 1909 $22,000
1st Centreville Br. 6s of Jan. 1, 1923 376,000
1st Tracy City Br. 6s of 1901-17 400,000
1st Consol. Gold 5s of April 1, 1928 7,412,000
1st D. R. V. RR. 6s of Jan. 1, 1917.... 750,000
FIRST MTGE. BONDS op 1913.— Secured on the main line, 320.21 miles, on the Shelbyville Branch, 8.01
miles, and on 12 miles of the Jasper Branch, from Bridgeport to Jasper.
FIRST MTGE. BONDS, JASPER BRANCH EXTENSION.— The bonds of 1906 are secured on 7.5 miles of the
Sequatchie. Valley Branch, from Jasper to Victoria, Tenn. The bonds of 1923 are secured on the extensions
of the Sequatchie Valley Branch from Victoria to Inman, 5.5 miles, and from Victoria to Dunlap, 18 miles.
FIRST MTGE. BONDS, LEBANON BRANCH. — Secured on the line from Nashville to Lebanon, Tenn., 29.21
miles.
FIRST MTGE. BONDS OP 1917.— Secured on the McMinnville Branch, 69.54 miles, on the branch from
Decherd to Fayctteville, 39.74 miles, and on the branch from Elora to Huntsville, 25.58 miles; a total of
133.86 miles. The amount authorized is $6,000 per mile.
DUCK RIVER VALLEY BONDS.— The 2d (now 1st) mtge. 6s of 1909 are secured on the Duck River Valley
RR., from Fayetteville to Columbia, 47.92 miles.
FIRST A(p3E. GOLD BONDS, CENTREVILLE BRANCH.— Secured on 46.46 miles of the Centreville Branch, from
Dickson to Lewis County Line, Tenn.
TRACY CITY BRANCH BONDS.— The 1st mtge. Tracy City Branch 6s are payable $20,000 each 1st of Jan.
to 1916, inclusive, and $100,000 on Jan. 1, 1917. They are secured on the Tracy City Branch, 20.73 miles.
FIRST CONSOL. MTGE. GOLD BONDS. — Secured upon the entire property and franchise of the company,
whether now owned or hereafter acquired, subject only to the lien of the mortgages securing the several issues
POOR'S MANUAL — NASHVILLE, CHATTANOOGA AND ST. LOUIS RY. 283
of divisional bonds described in the preceding paragraphs. For the retirement of such divisional bonds, at or
before their maturity, an equal amount of the 1st consols, is reserved by the trustee. It ia provided in the
mortgage that all underlying bonds must be paid at maturity, or whenever before maturity the entire amount
of any series is acquired by the trustee; but it' only part of a series is acquired such part may be held alive
by the trustee as additional security for the 1st consols as long as the rest of the series remains outstanding.
The amount authorized by the mortgage is $20,000,000, to be issued at a rate not exceeding $20,000 per mile ol
completed railroad. All future issues of bonds secured by this mortgage, except for the purpose of retiring
prior lien bonds, must be authorized by vote of the stockholders given at a meeting called for the purpose;
and all new railroad or newly acquired railroad must be free from all prior liens before the lien of thia
mortgage can attach thereto. The bonds are now secured by first mortgage on the following lines: Dunlap
to Pikeville, Tenn., 20.13 miles; Sparta to Bon Air, Tenn., 6.75 miles; West Nashville Branch, 6.26 miles;
Lewis County Line to Allen's Creek, Tenn., 19.48 miles; Fayetteville, Tenn., to Lax, Ala., 36.98 miles;
Huntsville, Ala. to Tennessee River, 17 miles; Guntersville to Gadsden, Ala., 37.63 miles; Kingston to
Rome, Ga., 18.15 miles— total, 162.38 miles.
11. Income Mortgage Bonds, Secured on Lease of Western and Atlantic It II.,
etc.— Under date of Jan. 1, 1895, $650,000 of 5 p. c. gold income mortgage bonds were issued to reimburse
the company for renewals* and improvements made on the Western and Atlantic RR. There are $494,000
of these bonds in the treasury of the company; the remaining bonds have been cancelled. The bonds
are secured by mortgage or deed of trust on the net earnings and incomes of the Western and Atlantic
RR., on the leasehold interest of the N., C. & St. L. Ry. in that road, on $500,000 in bonds of the State
of Georgia deposited under the lease and on all property acquired or to be acquired by the N., C. & St.
L. Ry. in connection with the lease. The bonds are for $1,000 each, in coupon form; principal and interest
payable in gold, in New York, N. Y. Trustee: Central Trust Co. of New York, N. Y.
12. Statement of operations, property and general balances for eight years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles Operated (Aver.)
Passenger Train Miles
Freight Train Miles
884.09
1,157,632
1,823,351
364,926
3,335,909
934,065
40,281,531
2,380,043
296,653,513
8
1,027,32?
8,126,725
367,610
897.69
1,137,229
2,069,766
394,775
3,601,770
916,691
36,595,756
2,746,340
354,158,904
8
965,435
3,279,709
363,358
902.00
1,325,077
2,390,099
371,978
4,087,154
1,092,383
56,842,666
3,120,897
381,944,743
S
1,229,653
8,4«1,387
363,585
904.10
1 ,323,074
2,460,307
331,021
4,114,402
1.089,921
45,108,93!
2,879,648
385,637,662
8
1,077,423
3,666,740
371,955
904.68
1,429,867
2,641,881
354,089
4,425,837
1,525,396
74,991,539
3,226,550
J2:S,976,810
8
1,352,807
3,919,585
374,097
935.12
1,346,176
2,836,496
369,175
4,551,847
1,249.550
61,707,719
3,532,423
492,468,933
8
1,425,289
4,275,099
381,378
935.12
1,239,643
2,887,590
376,754
4,503.987
1,164,801
50,300,753
3,636,649
549.898,167
8
1,271,371
4,813,006
402,940
1,195.86
1,704,020
3,394,245
402,852
5,501,117
1,466,279
58,813,793
4,081,735
634,440,340
$
1,537,302
5,599,549
483,277
Mixed Train Miles
Total Revenue Train Miles.
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings.;
Gross Traffic Earnings
Working Expenses
4,521,662
2,671,179
4,608,502
2,726,360
5,074,625
3,164,350
5,116,118
3,204,671
5,646,549
3,663,825
6,081,766
4,099,706
6,487,317
4,240,584
7,620,128
5,111,126
Net Traffic Earnings
1,850,482
420,012
1,022,571
25,537
(2|)250,000
132,362
5,109 22
3,018 28
2,090 94
59.08 p. c.
2.50 c.
1.05 c.
747.27
1,882,142
420,012
1,077,425
21,859
(4) 400,000
df. 37,154
5,109 20
3,022 57
2,086 63
59.16 p. c.
2.58 c.
0.93 c.
765.42
906.64
701.55
163
108
42
4,474
8
10,000,000
14,923,000
1,029,250
448,055
330,550
1,472,424
1,910,275
420,012
1,078,470
1,911,447
420,012
1,088,420
1,982,724
420,012
1,102,187
1,982,060
422,268
1,203,391
2,246,733
422,268
1,262,005
2,509,008
625,878
1,231,484
Rentals .... .......!..
Interest and Taxes
Dividends
(4) 400,000
11,793
5,625 97
3,508 35
2,11782
62.35 p. c.
•2.12c.
0.91 C.
768.80
920.83
724.58
165
108
42
4,511
I
10,000,000
14,917,000
1,260.480
486,356
326,430
1,505,451
(4) 400,000
3,015
5,658 77
3,54460
2,114 17
62.63 p c.
2.34c.
0.9Cc.
767.28
926.13
724.90
169
110
45
4,522
$
10,000,000
15,397,000
1,233,240
583,164
325,830
1,039,075
(4) 400,000
60,525
6,239 28
4,048 42
2,190 86
64.88 p. c.
1.77c
0.91 c
798.30
964.24
772.09
166
112
46
4,559
8
10,000,000
15,996,000
1,501,512
566,193
325,230
966,674
(1) 100,000
256,401
6,514 42
4,38415
2,130 27
67.41 p. c.
2.27 c.
0.87 c.
798.30
967.51
777.44
166
113
48
5,259
S
10,000,000
15,996,000
1,567,839
705,514
324,630
1,171,688
Balance, Surplus
562,460
6,938 30
4,535 38
2,402 98
67.19 p. c.
2.48 c.
0.88 c.
798.30
978.95
791.68
166
113
48
5,563
8
10,000,000
15,996,000
1,366,925
857,665
324,030
1,669,325
651,640
6,372 09
4,27401
2,098 08
67.11 p. c.
2.56 c.
0.88 c.
804.84
1,000.37
793.67
193
127
51
6,617
8
10.000,000
16,021,000
1,062,046
j- 1,129,698
2,268,434
Gross Earnings per Mile . .
Gross Expenses per Mile. .
Net Earnings per Mile ... .
Expenses to Earnings
Earnings p. Pass. p. Mile .
Earnings p. Ton p. Mile. .
Miles Owned
Miles of Track
Miles Steel Rail
675.72
161
108
43
4,479
8
10,000,000
14,923,000
768,718
356,827
331,150
1,456,804
Locomotives
Passenger Care
Baggage and Postal
Freight and Other Cars. . . .
Capital Stock
Funded Debt
Bills Payable and Loans. . .
Acc'ts, Pay Rolls, Int., etc.
Coupons, due July 1
Profit and Loss
Total Liabilities
Railroads and Outfit
27,836,499
25,082,609
55,447
937,493
205,526
1,027,968
527.456
28,203,279
25,200,821
55,447
1,180,637
691,473
484,451
590,450
28,495,717
25,257,874
127,543
1,662,047
299,394
501,851
647,008
28,578,309
25,772,683
133,019
1.168,425
283,375
551,0(50
669,747
29,355,609
26,284,183
158,205
1,269,405
386,632
507,282
749,902
29,765,671
26,826,624
151,821
1,257,405
237,904
671,199
620,718
30,213,945
27,187,165
161,715
1,231,405
429,695
751,375
452,590
30,481,178
27,648,957
157,065
1,012,398
878,178
787,734
496,846
Real Estate
Stocks and Bonds
Supplies and Materials
Assets and Accounts
Cash
Total Property & Assets .
27,836,499
28,203,279
28,495,717
28,578,309
29,355,609
29,765,671
30,213,945
30,481,178
284
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
13. RAILROADS LEASED BY THE N., C. & ST. L. RY.
Padncah and Memphis Div. L.. & N. RR.
—Memphis, Tenn., to Paducah, Ky., 229.59 m. ;
branch, Perryville to Lexington, Tenn., 24.15 m.—
total, 253.74 m. ; total track (steel; 56 and 60 Ibs.),
279.05 miles. Locomotives, 17. Cars— passenger,
baggage and mall, 16; freight and other, 550 — total,
566. Formerly known as Paducah, Tennessee and
Alabama RR. and Tennessee Midland Ry. (See
Manual for 1897, page 507.) Purchased In 1895 by
Louisville and Nashville RR. Co., and operation
assigned to the N., C. & St. L. Ry. Co. as of Jan. 1,
1896. Leased to the N., C. & St. L. Ry., at a rental
equivalent to 5 p. c. on the cost of the road and
6 p. c. additional on the cost of all improvements
and betterments to the property. The operation of
the lines for the year ending June 30, 1901, resulted
in a profit of $18,513.77, which was applied against
improvement account.
Weaterii and Atlantic RR.— Atlanta, Ga.,
to Chattanooga, Tenn., 136.82 m. ; total track,
198.22 miles. Rail (steel, 136.82 m.), 68 Ibs. Built
by the State of Georgia in 1841-50. Leased to the
N., C. & St. L. Ry. for 29 years from Dec. 27, 1890,
at a rental of $420,012 per annum. Locomotives,
15. Cars — passenger, 25; postal, 5; baggage, 7;
freight (box, 16; coal, 100), 116— total, 153. Esti-
mated value of road and property at date of lease,
$6,164.576. J. L. McCqllum, Supt. ; C. B. Harmon,
Gen. Pass. Agt. ; J. A, Sams, Dlv. Fgt. Agt. Office,
Atlanta, Ga.
14. Board of Directors, N., 0. & St. L. Ry., elected September 11, 1901.
J. W. Thomas Nashville, Tenn. J. H. Fall Nashville, Tenn.
W. R. Cole " " J. HillEakin "
A. H. Robinson. . . . " " J. C. Atwater New York, N. Y.
" T.W.Evans "
" J. E. Washington. .Cedar Hill, Tenn.
J. W. THOMAS, President Nashville, Tenn.
See. <t Treat.— 3. H. Ambrose Nashville, Tenn. I Gen. Manager— 3. W. Thomas, Jr Nashville, Tenn.
Comptroller— E. P. P'Pool Nashville, Tenn.
PRINCIPAL OFFICE AND ADDRESS Nashville, Tenn.
E. C. Lewis
E. W. Thompson . .
N. C. Collier.. Mnrfreesboro', Tenn.
J. G. Aydelott . . .Tullahoma, Tenn.
J. B. Richardson ..Nashville, Tenn.
M. H. Smith Louisville, K
E. B. Wesley New York
QUEEN AND CRESCENT ROUTE.
This is a connected line of railroads extending from Cincinnati, O., to New Orleans, La.,
and from Meridian, Miss., to Shreveport, La., a total distance of 1,181.33 miles. The rail-
roads comprised in it are controlled in different interests, each of them being maintained and
operated primarily as an independent organization. The following are the railroads em-
braced, the mileage given therefor including that of subsidiary lines and of lines operated
under trackage rights :
Cincinnati Southern Ry.: Cincinnati, O., to Chattanooga, Tenn 337.73 miles.
Alabama Great Southern RR. : Chattanooga, Tenn., to Meridian, Miss. . . . ... 333.45 "
New Orleans and Northeastern RR.: Meridian, Miss., to New Orleans, La. . . . 195.90 "
Alabama and Vicksburg Ry.: Meridian to Vicksburg, Miss 142.78 "
Vicksburg, Shreveport and Pacific Ry.: Vicksburg, Miss., to Shreveport, La. . 171 .47 "
Total mileage of System, June 30, 1901 % 1,181.33 miles.
The Alabama Great Southern RR. is controlled by the Southern Ry Co. The control of
the Cincinnati, New Orleans and Texas Pacific Ry. Co., lessee of the Cincinnati Southern Ry.,
is held jointly by the Southern Ry. Co. and the Cincinnati, Hamilton and Dayton Ry. Co.
The Alabama and Vicksburg Ry., the New Orleans and Northeastern RR., and the Vicksburg,
Shreveport and Pacific Ry. are controlled by the Alabama, New Orleans, Texas and Pacific
Junction Railways Co., Limited, an English corporation, for statement relating to which, see
GENERAL INDEX.
The Vicksburg, Shreveport and Pacific Ry. extends beyond Shreveport, La., to Waskom,
on the State Line of Texas, a distance of 17 miles, but that section being operated as part
of the Missouri, Kansas and Texas System, the length of it is not included in the preceding
statement of mileage. Further particulars will be found in the separate statements for the
several railroads, following hereafter.
QUEEN AND ORESCENT ROUTE.— ALABAMA GREAT SOUTHERN RR. CO.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Directors and Officers 13
Earnings, Expenses, etc 5
Funded Arrears of Dividend 10
Funded Debt, Description of .... 9
Gen. Balance Sheet. June 30, 1901. 6
Gen. Balance Sheet, 1894-1901... 11
History 3
Income Account, June 30, 1901 . . 5
Investments . 7
Mileage Operated. June 30, 1901 . . 1
Operations and Income, 1894-1901. 11
Konint; Stock 4
Subsidiary Lines, Statements of. 18
Trackage Rights 3
1. Milenge Operated, June 80, 1901.
ROAD OWNED: Wauhatclne, Tenn., to Meridian, Miss 290.49 miles.
PROPRIETARY ROAD : Qadsden & AttaUa MR.: Gadsdan to Attada, Ala 5 90
LINES USED UNOKR TRACKAGE CONTRACTS (see Sec. 2) 18.02
LEASED ROAD : Belt Ry. of Chattanooga : In and around Chattanooga, Tenn. . . 24.04 "
Total length of all lines operated, June 30, 1901 833.45 miles.
POOR'S MANUAL — QUEEN AND CRESCENT ROUTE. 28b
Sidings and spurs (own«d, 78.32 m.; leased, 18.46 m.), 96.68 m.; total track (owned, 874.61
m.; leased, 42.50 m.), 417.11 miles. Gauge, 4 ft. 8£ in. Rail— iron, 56 lb».; steel (290.49
m.j,60and751bs.
2. Trackage Rights.— These consist of 5.01 m. of the N., C. &. St. L. Ry., from Chat-
tanooga to Wauhatchie, Tenn., and 8.01m. of theTenn. C. I. &RR. Co.'s line, from Woodstock
to Blocton, Ala. Sidings and spurs used under trackage agreements, 21.53 miles.
3. History. — Organized Nov. 30, 1877, to take over the property of the Alabama and
Chattanooga RR. Co., sold under foreclosure Jan. 22, 1877. The Gadsden and Attalla RR.
was acquired on April 22, 1892, by purchase of its stock and bonds. This company controls
the Belt Ry. Co., of Chattanooga, and leases that company's road for 50 years from July 1,
1895, at a maximum annual rental of $15,960.
4. Rolling Stock, June 30, 1901.— Locomotives, 48. Cars— passenger, 29 ; combina-
tion, 1 ; baggage and mail, 14 ; freight (box, 390 ; flat, 270 ; stock, 16 ; coal, 1,400 ; dump,
124 ; fruit, 1,305 ; caboose, 19), 3,524 ; other, 30— total, 3,598. Of this equipment, 12 loco-
motives, 17 passenger cars, and 85 freight cars (12 flat and 23 coal) belong to the Belt Ry.
Co. of Chattanooga.
5. General Income Account, year ending June 30, 1C01.
Earnings— Passenger $512,279 23
Freight 1,428,418 99
Mail and Express 100,789 35
Miscellaneous 157,251 21
Total ($7,106.23 per mile) $2,198,738 78
Expenses— Maint. of Way and Structures. . $293,081 24
Maintenance of Equipment 421,245 93
Conducting Transportation .... 681,780 91
General and Taxes 157,022 66
Total ($5,019.65 per mile) $1,553,130 73
Net earnings (29.36 p. c.), $645,608.05 ; add interest on bonds Belt Ry. of Chattanooga,
$8,850 ; interest and commission, $4,538.56— total, $658,996.61. Deductions : Interest on
let mtge. bonds, $104,940; on debentures, $39,074.40; on gen. mtge. bonds, $127,818;
rental Belt Ry., $18,750; expenses of English Co., $11,591.14; English income account,
$14,793.05 ; exchange account, $864.62— total, $312,831.21. Surplus for year, $346,165.40 ;
surplus forward, $578,805.43— total, $924,970.83. Deduct dividend on preference shares (8
p. c.) declared payable, 2 p. c. in Sept., 1900 (on account of unfunded arrears), and 3 p. c.
each in Dec., 1900, and June, 1901, $249,405.20 ; account written off as valueless, $1,571.66
—total, $250,976.86. Balance to credit, June 30, 1901, $673,993.97.
6. General Balance Sheet, June 30, 1901.
Cost of Property $15,161,76086
Investments 1,252,585 92
Car Trust Equipment 172,711 04
Arrears of Dividend Suspense 258,832 67
Stock of Material on Hand 114,952 69
Insurance Funds in Hands of Trustees.. 3,168 20
Reserve for Deferred Renewals 360,000 00
Sundry Accounts 4,425 00
Current Assets 236,12687
Cash on Hand and in Transit 448,651 21
Total Assets •• $18,013,21446
Ordinary Shares $7,830,000 00
Preference Shares $4,000,000 00
Less Unissued 619,65000— 3,380,35000
Funded Debt Outstanding 4,976,360 00
Car Trust Notes 172,711 04
Funded Arrears of Dividend 258,832 67
Interest Accrued but not Due 25,304 40
Current Liabilities, inc. July Interest.. 257,64596
Reserve for Taxes Accrued, not Due.... 38,531 77
Other Reserve Funds 94,253 79
Replacement of Rolling Stock Fund 305,230 86
Profit and Loss 673,993 97
Total Liabilities $18,013,214 46
7. Investments.— The item " Investments " in above balance sheet consists of $833,300 stock of the
Southwestern Construction Co.; $315,233.63 bdnds and stock of the Belt Ry. Co. of Chattanooga; $15,000
stock and $100,000 bonds (par, $100,000) of the Gadsden and Attalla RR. Co.; $1,000 1st mtge, bonds of the
company, and $3,052.29 miscellaneous investments — total, $1,252,585.92.
8. Capital Stock.— The entire capital stock is owned by the Alabama Great Southern Ry. Co.,
Limited, an English corporation, a statement for which follows.
9. Funded Dent — The funded debt outstanding on June 30, 1901, consisted of $1,750,000 1st gold
6s of Jan. 1, 1908; $670,000 debenture 6s of Aug. 15, 1906, and £526,000 ($2,556,360) gen. 5s of Dec. 1, 1927.
The mortgage bonds are secured on the entire property of the company. The debentures are all held by the
Alabama Great Southern Ry. Co., Limited, of London. The authorized issue of gen. mtge. bonds is £1,160,-
000, equivalent to $5,637,600. Of the £634,000 unissued, bonds amounting to £484,000 are held in trust for the
retirement of the 1st mtge. bonds and the debentures. Additional particulars respecting the funded debt
will be found in the Ready Reference Bond List — see Grand Index.
10. Funded Arrears of Dividend.— In 1888 power was obtained to offer holders the_option
of funding their arrears of dividends on 65,548 shares of preference stock, and a total of £81,935 of dividend
certificates were issued for that purpose, of which 35 p. c., or £28,677 5s., were redeemed in 1890 and 1891,
leaving £53,257 15s. outstanding. These funded certificates bear 4 p. c. interest, and are to be redeemed by
the appropriation of equal annual sums (payable only out of the surplus net earnings, if any, remaining
after payment of the accrued dividends on the preference shares and the interest on the certificates) suffi-
cient to discharge the whole amount of the certificates within a period of 10 years from Jan. 1, 1888. The
certificates are regiatered in holders' names, and are transferable by deed in any amount.
286 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
11. Statement allowing operations, earnings, etc., for eight fiscal years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles Operated
395
462,579
708,152
201,426
15,704,628
1,273,379
155,543,713
$
1,553,783
1,129,699
295
444,378
680,375
201,087
14,774,a>9
1,158,391
162,109,765
$
1,528,407
1,028,606
309.86
443,745
666,604
243,705
16,289,939
1,226,727
164,929,090
$
1,634,093
1,133,212
309.86
442,689
618,267
197,328
1 3,064,040
1,022,585
152,053,424
$
1,605,546
1,103,041
309.86
429,979
698,295
202,869
14,082.480
1.132,475
171,603,979
$
1,741,934
1,182,904
309.86
461,428
733,431
241,733
17,451,439
1.106,747
176,003,005
s
1,816,523
1,246,185
309.86
429,111
630,706
279,047
1H,909,559
1.425,970
201,576,235
$
2,092,448
1,455,824
309.41
479,120
561,874
3(«.2^3
21,334,343
1 .4(W>75
200,175,197
S
2.198,739
1,558,181
Passenger Train Mileage...
Freight Train Mileage
Passeix'ers Carried
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Expenses ana Taxes
Net Earnings . . ....
424,084
499,801
57S
500,881
5,911
502,505
5,511
559,030
7,358
570,838
7,080
636,624
1 1 .821
643,608
13.389
Dividends, etc., Received . .
Available Revenue
Mtge. and Other Interest. . .
Rental Belt Ry
424,084
261,371
500,379
259,742
506,792
261,310
4,125
17,018
190,570
+ 33,769
5,273 65
1,616 48
69.35 p. c.
2.29 c.
0.64 c.
$
7,830,000
3.380,350
508,016
271,884
8.250
17,960
190,570
+ 19,352
5,181 52
1,621 71
68.70 p. c.
2.55 C.
0.67 C.
$
7,830,000
3.380,350
566,388
271,862
11,000
17,587
190,570
+ 75,369
5,621 68
1,804 14
67.91 p. c.
2.34 c.
0.66 c.
$
7,830,000
3,380,350
577,418
271,832
11,000
19,412
190,570
+ 84,004
5,862 40
1,840 63
68.60 p. c.
2.28 c.
0.66 c.
$
7.S30,000
3,380,350
648,445
271,832
13,750
22,712
189,955
+ 150,196
0,752 88
2,054 55
69.58 p. C.
2.35 c.
0.69 c.
$
7,830,000
3,380,350
658,997
271,832
13,750
27,249
249,405
+ 96,761
7,106 23
2,086 58
70.64 p. c.
2.40 C.
0.71 C.
$
7.830,000
3,380,350
Miscellaneous
25,964
18,832
Dividends
Balance ( + or — )
+ 136,749
5,267 06
1,437 57
72.71 p. C.
2.13c.
0.68 c.
$
7,830,000
3,380,350
+ 221,805
5,181 04
1,694 24
67.30 p. c.
2.27 c.
0.64 c.
$
7,830,000
3,380,350
Gross Earnings per Mile . . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pasc. p. Mile.
Aver. Rate p. Ton p. Mile. .
Ordinary Stock
Preference Stock
Total Stock
Funded Debt
11,210,350
4,733,360
168,438
561,984
207,307
182,127
11,210,350
4,733,360
121,079
504,456
230,464
403,932
11,210,350
4,976,360
46,565
324,718
295,724
350,733
11,210,350
4,976,360
11,210,350
4,976,360
11,210,350
4,976,360
138,687
524,060
271,279
431.710
11,210,350
4,976,360
174,766
552,515
343,538
578,805
11,210,350
4,076,360
172,711
541,783
438,016
673,994
Equipment Trust Notes
Sundry Accounts, etc
371,078
278,822
365,084
494,755
211,820
352,107
Renewal Account
Profit and Loss
Total Liabilities
Cost of Road, etc
17,063,566
15,135,421
1,280,609
68,258
529,278
17,203,641
15,189,ia5
1,280,609
56,392
677,505
17,204,450
15,216,922
1,410,108
80,557
496,793
17,201,694
15,246,877
1,415,234
98,151
441,432
17,245,392
14,952,751
1,249,534
116,085
927,022
17,552,446
*15,148,494
1,249,534
92,016
1.060,402
17,836,334
*15,21 5,035
1,252,635
180,403
1,188,261
18,013,214
*1 5.334,472
1,252,586
114,953
1,311,203
Other Investments
Materials and Supplies
Cash and Other Assets
Total Assets
17,003,566
17,203,641
17,204,450
17,201,694
17,245,392
17,552,446
17,836,334
18,013,214
* Including car trust equipment— in 1899, $136,687; in 1900, $174,766; in 1901, $172,711.
12. SUBSIDIARY LINES OP THE ALABAMA GREAT SOUTHERN RR. Co.
Belt Ry. of Chattanooga.— In and around
Chattanooga, Tenn., 24.04 in. ; total track, 41.96
miles. Rail (steel, 33.22 m.), 56 Ibs. Locomotives,
12. Cars— passenger, 17; freight (flat, 12; coal, 23),
35— total, 52. Reorganization, Sept. 28, 1895, of the
Chattanooga Union Ry. Co., whose property was sold
under foreclosure on July 17, 1895. (See Manual for
1895.) Leased for 50 years from July 1, 1895, to the
Alabama Great Southern RR. Co., at an annual
rental guaranteed to equal interest on the bonds is-
sued. Capital stock ($100 shares). $300.000; funded
debt, $324.000— total, $624,000. Contra: Cost of road,
etc., $599,000; bonds owned, $25,000— total, $624,000.
Funded debt consists of $300.000 1st mtge. 5 p. c.
gold bonds, dated Dec. 21, 1895, due July 1, 1945,
but redeemable at par after July 1, 1903, interest
Jan. and July, at the Mercantile Trust and Deposit
Co. (trustee), Baltimore, Md.; also, $24,000 2d mtge.
4 p. c. gold bonds, dated Dec. 21, 1895, due July 1,
1945, but redeemable at par after July 1, 1903. inter-
est only if earned, till July 1, 1903, and thereafter to
become a fixed charge, payable Jan. and July, at the
Mercantile Trust and Deposit Co.. Baltimore. Md.
H. S. Chamberlain, Pres.. Chattanooga, Tenn.; R. D.
Lankford, Sec., New York, N. Y. ; H. C. Ansley,
Treas., Washington, D. C. ; M. F. Molloy, Aud.,
Cincinnati, O. Office, Chattanooga, Tenn.
Gadsden and Attalla RR.— Gadsden to At-
talla, Ala., 5.90 m.; total track, fi.69 miles. Char-
tered Nov. 19, 1886. Purchased by the Alabama Great
Southern RR. Co. on April 22, 1S92. and operated as a
branch of that company's railroad. Capital stock,
$15,000; bonded debt, $100.000— total, $115,000. all
owned by the Ala. Gt. So. RR. Co. R. B. Kyle,
Pres., Gadsden. Ala.
13. Board of Directors, A. Gt. 8. RR. Co., elected October 2, 1901.
Samuel Spencer. . .New York, N. Y.
Francis Lynde Stetson "
W. G. Oakman —
G. W. Maslin New York, N. Y.
Charles Steele "
A. B. Andrews Raleigh, N. C.
S. M. Felton Chicago, 111.
C. C. Harvey New Orleans, La.
R. D. Lankford.... New York, N. Y.
H. Doughty Browne London, Eng. j One vacancy.
SAMUEL SPENCER, President New York, N. T.
A. B. Andrews, 1st Vice-President Raleigh, N. C.
2d Vice-Pres.—W. W. Finley Washington, D. C.
Oen. Manager- W '. J. Murphy., Cincinnati, O.
Secretary— R.. D. Lankford, 80 B' way, New York, N. Y.
Treasurer — H. C. Ansley Washington, D. C.
Asst. Treas.— Chas. Patton Cincinnati, O.
Auditor— M. F. Molloy
PRINCIPAL OFFICE Birmingham, N. C.
Executive Office 80 Broadway, New York, N. Y.
Operating Office Cincinnati, O.
POOR'S MANUAL— QUEEN AND CRESCENT ROUTE. 287
Alabama Great Southern Railway Company, Limited.
This is an English corporation, registered in London in Sept., 1877, to acquire and oper-
ate the Alabama Great Southern ER. ; the Alabama Great Southern RE. Co. (an American
organization) representing the company in America, in order to comply with the local State
law. The Southern Ry. Co. owns a majority of each class of this company's capital stock.
Revenue Account (English Co.), year ending June 30, 1901. — Received from American
corporation — interest on debentures, £8,040 ; expenses and income tax (contra), £5,428 IGs.
lid.; dividend on preference shares, less income tax (received, £19,204 12s. 4d.; receivable,
£31,831 12s. 7d.), £51,036 4s. lid.— total, £64,505 Is. lOd. Payments : Intereston debentures,
£8,040; expenses (directors' and auditors' fees, £852 10s. ; salaries, rents, etc., £1,570 3s. ;
depreciation of office furniture, £10 — total, £2,432 13s., less transfer fees, £12 14s. 6d. ;
interest on deposit at bankers, £34 18s. 4d.), £2,385 Os. 3d.; income tax, £3,043 16s. 9d.;
balance, applied to dividend on the 6 p. c. "A" preference shares, £51,036 4s. lid. — total,
£64,505 Is. lOd.
General Balance Sheet (A. Gt. S. Ey. Co.), June 30, 1901.
Nominal Capital ( £10 per share) : £ 8. d.
Stock American Co. Owned: £ s. d.
Ordinary £1,565,890
Preference 676,070—2,241,960 0 0
Proceeds Sale Amer. Co. Shares 110 0 0
Debentures (Am. Co.) held by this Co. 137,015 0 0
American Co., General Account 1,12914 6
Office Furniture and Fittings 75 0 0
Cash on Hand and in Bank 3,46811 2
Shares ($833,000 nominal) Southwest-
ern Construction Co 166,660 0 0
Revenue Account, for Dividend on
Preference Shares 31,83112 7
Total Assets £2,582,24918 3
Ordinary £1,566,000
Preference ... 800,000—2,366,000
Less Pref. Sh. Unissued. 123,930—2,242,070 0 0
Debenture Bonds 134,000
Accrued Interest to Date... 3,015— 137,015 0 0
Sundry Creditors 3,484 14 10
Dividends and Debenture Interest
Unpaid 1,188 10 10
American Co., Joint Account, for
Shares Southwestern Construction
Co 166,660 0 0
Revenue Account (Contra) 31,831 12 7
Total Liabilities ~£27582,249~ 18~~~3
The debentures are for £100 each, issued in Aug., 1886, due Aug. 15, 1906; interest 6 p. c. gold, payable
in London, Feb. 15 and Aug. 15. They are exchangeable for any mortgage bonds issued after them.
Directors. — H. Doughty Browne, Augustus B. Abraham, E. A. Bonnor-Maurice, John
Douglas, Baron Emile B. D'Erlanger, Daniel Marks, Francis Pavy, W. M. Scrivener, London,
Eng. ; Samuel Spencer, Francis Lynde Stetson, New York, N. Y.
H. DODGHTY BROWNE, Chairman of the Board London, Eng.
Auditors— Price, Waterhouse & Co London, Eng. | Secretary— H. V. Tomlinson London, Eng.
OFFICE AND ADDRESS Prince's St. Chambers, 2 Prince's St., London, Eng.
QUEEN AND ORESCENT ROUTE.— ALABAMA AND VICKSBTJRG RAILWAY CO.
Line of Road. — Vicksburg, Miss., to Meridian, Miss 142.78 miles.
Sidings, 37.06 miles. Gauge, 4 ft. 8^ in. Rail (steel, 171.97 m.), 60 to 75 Ibs.
History. — Vicksburg and Meridian RR. sold under foreclosure Feb. 4, 1889, and exist-
ing company organized by purchasers March 18, 1889. This company is controlled by the
Alabama, New Orleans, Texas and Pacific Junction Railways Co. (See GENERAL INDEX.)
The company owns the river frontage at Vicksburg, used for the transfer between
Vicksburg and Delta, and together with the Vicksburg, Shreveport and Pacific Ry. Co. owns
a controlling interest in the capital stock of the Louisiana and Mississipi RR. Transfer Co.,
owner of the transfer boat. (See MANUAL for 1897, page 682.)
Rollins? Stock, June 30, 1901.— Locomotives, 17. Cars— passenger, 10 ; baggage and
mail, 6; freight (box, 513 ; flat, 113 ; coal, 25 ; fruit, 14 ; furniture, 25 ; caboose, 8 ; stock,
1), 699 ; other, 10— total, 725.
General Income Account, year ending June 30, 1901.
Earnings— Passenger $244,193 31
Freight 588,913 42
Mail and Express 44.111 64
Miscellaneous 43,450 81
Total ($6,438.25 per mile) $920,669 T8
Expenses— Maint. of Way and Structures.. .$204,728 21
Maintenance of Equipment 224,795 64
Conducting Transportation 194,908 62
General 36,058 93
Total (S4,(il8.82 per mile) $060.491 40
Net earnings (28.26 p. c..), $260,177.78; add interest on current accounts, $10,470.53
—total income, $270,648.31. Paid interest on bonds, $120,111.25; taxes, $24,837.79 ; pur-
chase of land, $5,743.50— total, $150,692.54. Surplus, $119,955.77; surplus forward
288
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
432.07 ; less dividend No. 8, paid July 28, 1900, $68,000 ; stock of La. & Mi»s. RR. Transfer
Co., $16,000), $147,482.07— total, $267,887.84.
Statement of operations and income account for eight fiscal years :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad
143.39
166.79
143.39
17
9
4
489
107,594
148,417
143.39
168.39
143.39
14
9
4
484
110,199
139,719
143.39
168.77
143.39
14
9
4
486
105,870
122,782
143.39
169.19
143.39
14
9
4
473
108,256
13^,773
143.39
170.07
143.39
12
9
4
609
98,322
167.371
142.78
172.24
142.78
14
11
6
606
175,186
175,780
142.78
172.99
164.94
15
10
6
622
193,503
187,844
142.78
179.84
171.97
17
10
6
709
211,366
249,625
Miles of Track
Miles of Steel Rail
Locomotives
Passfnger Cars
Buggage, etc., Car?
Freight and Other Cars
Passenger Train Miles
Freight Train Miles
Revenue Train Miles
Passengers Carried
256,011
135,400
5,584,126
277,741
27,676,607
$
148,516
364,471
*52,953
249,918
133,155
5,276,668
263,820
27,050,481
s
139.168
360,592
*56,155
228,652
149,761
5,818,893
275,334
27,663,958
S
152,844
364,343
57,886
244,039
165,130
5,921,392
305,549
30,842,585
$
154,470
422,140
t«l,986
265,693
142,931
5,572,209
357,409
36,619,589
8
145,905
474.182
•(•63,791
350,966
169,809
6,527,105
363,092
37,496,217
$
167,584
450.949
t84,507
881447
203,087
7,517,749
448,139
44,099,068
$
198,115
529,734
t98,606
460,991
224,180
9,092,696
550,257
56,794,619
S
244,193
588,913
•KI8,034
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Total Earnings ... .
*565,940
414,733
*555,915
403,806
575.073
393,714
t638,596
429,135
1-683.878
454.530
t703,040
481,383
t826,455
559,327
t931,140
660,498
Operating Expenses
Net Earnings
Payments — Interest
151,207
124,260
21,600
152,109
124,260
21,900
181,359
124,098
20,400
209,461
122,450
22,000
(3) 21,000
4,030
+ 39,981
4,458 24
3,00094
1,45730
1,185 17
67.31 p. c.
2.61 c.
1.37 C.
229,348
121,561
24,000
(5) 35,000
3,400
-H 45,387
4,769 60
3,178 53
1,591 07
1,28644
66.64 p. C.
2.62 c.
1.29 C.
221,657
121,265
24,726
(5) 35,000
6,300
+ 34,366
4,87788
3.366 32
1,511 56
1,30973
69.01 p. c.
2.57 c.
1.20c.
267.128
120.886
24,869
(5) 35,000
34,971
+ 51,402
5,683 76
3,911 38
1,77238
1,51090
68.82 p. c.
2.64 C.
1.20 C.
270,648
120,111
24,838
(6) 63,000
5,743
+ 56,956
6,438 25
4,61882
1,819 43
1,41338
71.74 p. c.
2.69 c.
1.04c.
Taxes
Dividends
Other Paym'ts. .
Balance ( + or — )
4,086
+ 1,261
3,956 51
2,90023
1,05628
1,04857
73.30 p. c.
2.66 c.
1.31 C.
"+' " 5,949
3,885 S5
2,82382
1,062 03
1,02210
72.67 p. c.
2.64 c.
1.33 C.
1,713
+ 35,148
4,021 49
2,753 24
1,26825
1,02245
68.46 p. C.
2.63 C.
1.32 C.
Gross Earnings per Mile
Gross Expenses per Mile . . .
Net Earnings per Mile
Total Payments per Mile. . .
Expenses to Earnings
Av. Rate p. Pass, per Mile. .
Av. Rate per Ton per Mile . .
* Including interest on floating indebtedness — in 1894, $159.24; in 1895, $238.14. t Including interest on
current accounts— in 1897, $1,067.64; in 1898, $1,824.67; in 1899, $5,502.93; in 1900, $13,677.05; in 1901,
$10,470.53.
General Balance Sheet, June 30, 1901.
Cost of Property $3,270,379 54
Stock of La. & Miss. RR. Transfer Co..
Materials, etc., on Hand
Sundry Debtors
Station Agents
Remittances in Transit...
Cash on Hand and in Bank 365,624 35
Other Railroads 15,837 65
Bills Receivable for Land Sales 14,414 24
Total Assets .$3,777,586 74
16,700 00
43,275 60
12,002 80
23,088 78
16,263 78
Common Stock ($100 shares) $1,050,000 00
Funded Debt Outstanding (see below) 2,190,100 00
Interest on Mortgages Due and Unpaid.. 2,047 50
Interest on Mortgages Accrued, not Due.. 29,759 15
Current Accounts 169,22472
Replacement of Rolling Stock Fund 52,90077
Land Sales not Completed 14,41424
Proceeds of Land Sales 1,752 52
Profit and Loss 267,387 84
Total Liabilities $3,777,586 74
Funded Debt — The funded debt outstanding on June 30, 1901, consisted of $1,000,000 V. & M.
RR. 1st gold 6s of April 1, 1921; $588,800 consol. 1st gold 5s of April 1, 1921, and $601,300 2d gold 5s of April
1, 1921. The bonds are secured on the railroad property in the order in which they are named, but the 2d
mtge. bonds are additionally secured by first mortgage on the company's lands. Receipts from land sal,~
are applicable to the payment of interest on the 2d mtge. bonds, but are applied to a sinking fund for the
retirement of those bonds whenever the interest is paid from earnings. The original issue of 2d mtge. bonds
was $700,000; canceled by proceeds of land sales, $98,700; outstanding, $601,300. The authorized issue of
consol. mtge. bonds is $1,800,000, of which $1,000,000 is reserved for the retirement of the 1st mtge. bonds,
the remaining $211,200 being held in the treasury.
Land Department.— Under Act of Congress, of Aug. 11, 1856, the Vicksburg and Meridian RR.
Co. received a land grant estimated at 404,800 acres. In the reorganization the Alabama and Vicksburg Ry.
Co. acquired, at the public sale, Feb. 4, 1889, 131,189.19 acres. There were sold during the fiscal year 1900-01,
8,760 acres, and 62,641.19 acres remained unsold on July 1, 1901. In addition to the lands owned in fee-
simple, the company owns the mineral rights to 4,320 acres. Receipts from land sales during the year
ending June 30, 1901, $24,457.60; expenses, $34,906.17. Deficit, $10,448.57.
Directors (elected Nov. 4, 1901).— G. T. Bonner, New York, N. Y.; Charles Schiff,
London, Eng.; John F. Winslow, Cincinnati, 0.; C. C. Harvey, New Orleans, La.; T. A.
McWillie, Jackson, Miss.
C. C. HARVEY, President <fe Gen. Manager New Orleans, La.
Charles Schiff, Vice- President London, Eng.
Sec. A Treas. — John F. Brent New Orleans, La. | Auditor— Larz A. Jones New Orleans, La.
PRINCIPAL OFFICES Jackson, Miss., and New Orleans, La.
Railroad Map of Mississippi, Arkansas and Louisiana.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
LCABLE ADDRESS. "BANKNOTE NEWYORK"!
BUSINESS FOUNDED 1798
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2xo VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
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ENGRAVERS AND PRINTERS OF BONDS AND
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And all other documents requiring security; Bank Notes, Postage and Revenue
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ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
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SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
MISSISSIPPI, ARKANSAS AND LOUISIANA.
Railroad Map of Mississippi, Arkansas and Louisiana.
WORKS BY HENRY V. POOR.
Money and Its Laws:
EMBRACING^
OF
AND ,.
A HISTORY OF THE CURRENCIES
OF THE
UNITED STATES.
"V. IPOOIR,.
One Vol., royal octavo, cloth, pp. acl., 623. Price, $5.OO.
Sent, free of postage, upon receipt of price, by the publishers, and for sale
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RESUMPTION
AND THE
A HAND-BOOK FOR THE TIMES.
EMBRACING
A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
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By HEXRY V. POOR.
(1878.)
One Volume, laiuo, Cloth, pp. 250. Price, $1.00.
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POOE'S MANUAL — QUEEN AND CRESCENT ROUTE.
289
QUEEN AND ORESCENT ROUTE.— CINCINNATI, NEW ORLEANS AND TEXAS
PACIFIC RAILWAY COMPANY.
(Lessee of the Cincinnati Southern Ry.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS op SECTIONS.
Car Trust Notes 8
Directors and Officers 9
Earnings, Expenses, etc 4
Gen. Balance Sheet, June 30, 1901 6
History 2
Income Account, June 30, 1901 . . 4
Income Account, 1894-1901 5
Increase of Capital Stock 7
Mileage Operated, June 30, 1901. . 1
Operations and Income, 1894-1901 5
Renewal of Lease 2
Rolling Stock 3
1. Line of Road Owned. — Cincinnati, 0., to Chattanooga, Tenn 335.92 miles.
TRACKAGE IN CINCINNATI (B. & 0. 8. W. Ry., 0.63; C., Q.,C.& St. L. Ry., 1.18). . 1.81 "
Total length of line operated, June 30, 1901 337.73 miles.
Sidings, 150.76 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60, 75, and 85 Ibs.
2. History. — The Cincinnati Southern Ry. was built by the city of Cincinnati under the
direction of a board of five trustees appointed by the Superior Court of Cincinnati, by
virtue of an Act of the General Assembly of Ohio, passed May 4, 1869, and was completed
to Chattanooga, Feb. 12, 1880. The city of Cincinnati supplied the means for construction
by the issue of municipal bonds, of which the following were outstanding on Dec. 31, 1901 :
1st series, July 1, 1872-1902, interest 7 p. c., Jan. and July ($700,000 issued), $494,000; 2d
series, July 1, 1872-1902, interest 7.3 p. c., Jan. and July ($9,300,000 issued), $7,614,000 ; 3d
series, May 1, 1876-1906, interest 7.3 p. c., May and Nov. ($2,800,000 issued), $1,865,000 ;
4th series, May 1, 1876-1906, interest 6 p. c., May and Nov. ($3,200,000 issued), $2,890,000 ;
5th series, Nov. 1, 1878-1908, interest 7 p. c., May and Nov. ($1,000,000 is-sued), $835,000 ;
6th series, Aug. 1, 1879-1909, interest 6 p. c., Feb. and Aug. ($1,000,000 issued), $895,000 ;
consolidated sinking fund bonds, May 1, 1881-1910, interest 5 p. c., May and Nov., $1,154,-
000 ; consolidated sinking fund bonds, July 1, 1881-1931, redeemable July 1, 1911, interest 4
p. c., Jan. and July, $827,000 ; consolidated sinking fund bonds, July 1, 1891-1941, redeem-
able July 1, 1921, interest 4 p. c., Jan. and July, $77,000— total outstanding, $16,651,000.
Cost of road, $18,683,374.64.
The Cincinnati, New Orleans and Texas Pacific Ry. Co. was chartered Oct. 8, 1881, and
leased the Cincinnati Southern Ry. for 25 years from Oct. 12, 1881, at a rental of $800,000 a
year for the first five years, $900,000 a year for the second five years, $1,000,000 a year for
the third five years, $1,090,000 a year for the fourth five years (ending Oct. 12, 1901), and
$1,250,000 a year for the fifth five years, ending Oct. 12, 1906. An extension of the lease
from Oct. 12, 1906, to Oct. 12, 1966, has been effected, the rental to be $1,050,000 a year for
the first twenty years, $1,100,000 a year for the second twenty years, and $1,200,000 a year
for the third twenty years, it being agreed that the rental under the present lease for the
five years ending Oct. 12, 1906, shall be paid at the rate of $1,250,000 a year until July 12,
1902, and that thereafter the excess of rent above $1,050,000 a year (amounting from July
12, 1902, to Oct. 12, 1906, to $850,000) shall be extended for twenty-one and one-quarter
years, at the rate of $40,000 a year, with interest at the rate of 3 p. c. a year added. The
trustees of the railway are authorized to issue $2,500,000 of 4 p. c. bonds for terminals, and
the lessee agrees to pay in addition to the yearly rental a sum equal to the interest charge on
the bonds and a sinking fund of 1 p. c. a year for their redemption. It is provided that not
more than $500,000 of the bonds shall be issued in any one year, and that the terminals as
acquired shall become the property of the city of Cincinnati. The lessee is required to
increase its capital stock to $5,000,000, the proceeds of the additional $2,000,000 to be
invested in property to be used in the operation of the road, such property to be pledged
under the mortgage to secure the rental.
3. Rolling Stock, June 30, 1901. — Locomotives, 103. Cars — passenger, 35 ; combina-
tion, 2; oafs' and parlor, 2; baggage and postal, 24; chair, 2; dining, 2; freight (box, 1,685;
flat, 432 ; stock, 118 ; coal, 1,582 ; refrigerator, 128 ; coke, 170 ; caboose, 45), 4,160; other,
12— total cars, 4,239.
19
290
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
4. General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures.. $1,003, 997 75
Maintenance of Equipment 846,800 09
Conducting Transportation.... 1,574,44096
General and Taxes 320,529 90
Earnings-Passenger $974,159 33
Freight 3,774,316 79
Mail and Express 247,56088
Miscellaneous 49,558 61
Total ($15,016.65 per mile) $5,045,595 61 Total ($11,148.12 per mile) $3,745,768 70
Net earnings (25.76 p. c.), $1,299,826.91 ; other income, $20,674.94— total, $1,320,-
501.85. Paid rental, $1,102,000 ; interest on car trusts, etc., $39,369.61— total, $1,141,369.61.
Surplus, $179,132.24; sundry small credits, $1,600.54— total, $180,732.78. Deficit forward,
$574,598.70. Balance, deficit, June 30, 1901, $393,865.92.
5. Statement showing the operations and earnings for eight fiscal years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of RK. Operated
Miles of Track Owned
335.92
460.81
460.81
929,654
1,562,488
335.92
464.51
464.51
813,246
1,400,767
335.92
469.87
469.87
883.488
1,282,894
335.92
470.35
470.35
824,240
1,069,667
335.92
472.66
472.66
859,685
1,088,368
335.92
476.93
476.93
975,183
1,251,673
335.92
483.98
483.98
965,843
1,281,193
335.92
486.68
486.68
1,008,507
1,176,885
Miles of Steel Rail
Passenger Train Miles
Freight Train Miles
Total Revenue Train Miles.
Passengers Carried
2,492,142
705,707
38,660,026
1,765,437
330,415,184
8
822,521
2,500,632
253,826
2,214,013
667,025
32,229,395
1,934,268
348,104,084
$
702,622
2,520,414
264,906
2,166,382
732,453
44,338,456
2,109,147
355,048,601
$
823,135
2,588,969
273,761
1,893,907
683,673
29,823,090
2,063,492
354,445,485
$
624,710
2,553,154
262,642
1,948,053
732,109
46,295,516
2,458,762
423,425,738
$
875,897
2,981,624
270,597
2,226,856
819,134
59,052,282
2,763,546
481,694,704
8
1,119,685
3,282,874
288,673
2,247,036
881,2%
42,639,451
3,192,020
540,379,661
$
897,342
3,947,139
279,760
2,185,392
958,176
45,575,028
2,998.020
506,708,131
$
974,159
3,774,317
297,120
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Earnings — Passenger
Freight ....
Other "
Total
3,576,979
2,557,015
3,487,942
2,401,575
3,685,865
2,539,373
3,440,506
2,241,181
4,128,118
2,578,436
4,691,232
2,952,226
5,124,241
3,518,582
5,045,596
3,543,769
Operating Expenses
Net Earnings
Payments Rental
1,019,964
1,084,306
Cr. 248
108,200
1,086,367
1,044,878
2,489
109,600
1,146,492
1,061,111
2,055
106,500
1,199,325
1,083,445
8,198
102,000
1,549,682
1,117,420
Cr. 2,016
160,000
1,739,006
1,102,000
Cr. 218
154,000
*309,663
1.605,659
1,102,000
Cr. 3,067
184,000
1,501,827
1,102,000
Cr. 20,675
202,000
t39,370
+ 179,132
15,016 65
10,549 44
4.467 21
70.23 p. C.
2.14 C.
0.74 C.
Interest on Debt
Taxes . .
Other.. ....
Balance ( + or — ) ....
-172,293
10,645 77
7.610 16
3.035 61
71.49 p. c.
2.13 c.
0.76 C.
-70,600
10,380 78
7,147 54
3,233 24
68.86 p. c.
2.18 c.
0.72 C.
-23,074
10,969 83
7,557 66
3,412 17
68.89 p. c.
1.86C.
0.73 c.
+ 5,682
10,239 60
6,670 18
3,569 42
65.15 p. c.
2.09 c.
0.72 C.
+274,278
12,286 07
7,673 92
4,612 15
62.46 p. C.
1.89 c.
0.70 c.
+ 173,561
13,962 00
8,786 39
5,175 61
62.93 p. c.
1.90C.
0.68 c.
+ 322,726
15,250 72
10,471 97
4,778 75
68. 67 p. c.
2.10 c.
0.73 c.
Gross Earnings per Mile
Operating Expenses per M.
Net Earnings per Mile
Expenses to Earnings
Aver, per Pass, per Mile
Aver. Rate per Ton per Mile
Dividends paid on judgment claims against the C., N. 0. & T. P. Ry. Co. t Interest on car trusts,
6. General Balance Sheet, June 30, 1901.
Property Account $2,910,004 03
Supplies and Material on Hand 184,615 63
Reserve for Account of Obligations of the
Lease 234,532 42
Reserve for Account of Renewals of
Company's Property 673,68151
Interest on Car Trust Notes not Matured. 32,514 84
Cash in Hand and in Banks 367,979 88
Remittances in Transit 77,665 28
Due from Station Agents and Conductors. 153,724 19
Due from United States Government 33,955 17
Due from Other Railroads 120,778 58
Bills Receivable 26,96886
Sundry Debtors 42,005 94
Profit and Loss Account 393,865 92
Total Assets $5,252,292 25
Capital Stock ($100 shares) $3,000,000 00
Reserves for Renewal and Improvements to
Property, Incl. Improvements Required
by Lease 678,367 91
Reserves for Renewal of Equipment, etc. 728,681 51
Reserves for Taxes 124,930 50
Reserves, Miscellaneous 33,67471
Car Trust Notes 222,447 05
Rental Accrued 242,913 99
Unpaid Vouchers 21,456 91
Creditors on Pay Roll 118,974 31
Due Other Railroads 30,246 98
Due to Individuals and Companies 50,598 38
Total Liabilities $5,252,292 25
7. Increase of Capital Stock.— Cumulative 5 p. c. preferred stock to the amount of $3,000,000
was authorized in April, 1902, and $2,000,000 thereof was offered at par to the stockholders of the company.
The remaining $1,000,000 will be reserved for additions and betterments. This stock has preference for
assets as well as for dividends, but is without voting power. A controlling interest in the capital stock
is held jointly by the Southern Ry. Co. and the Cincinnati, Hamilton and Dayton Ry. Co.
8. Car Trust Notes.— These are in four series dated, respectively, dept. 15, 1893, June 7, 1898,
Jan. 23, 1899, and April 10, 1899, and payable on various dates, the first series to be finally paid off on
Nov. 15, 1901, the second on May 7, 1902, the third on April 7, 1904. and the fourth on April 10, 1904. The
first covers 500 fruit cars, the second 200 box, 100 furniture, and 200 gondola cars, the third 300 coal cars
and 100 furniture cars, and the fourth 100 flat cars.
POOR'S MANUAL — QUEEN AND CRESCENT ROUTE.
291
9. Directors (elected Nov. 20, 1901).— S. M. Felton, Chicago, 111.; Lawrence Harwell,
Jr., M. E. Ingalls, Briggs S. Cunningham, Eugene Zimmerman, M. D. Woodford, Cincin-
nati, O. ; Henry F. Shoemaker, Samuel Spencer, Francis Lynde Stetson, New York, N. T.
HENRY F. SHOEMAKER, Chairman of the Board New York, N. Y.
SAMUEL SPENCER, President " "
Secretary— W. A. Shoemaker Cincinnati, O. | Treasurer— C. Fatten Cincinnati, O.
Auditor— M. F. Molloy. Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Odd Fellows' Temple, Cincinnati, O.
Executive Office 80 Broadway, New York, N.Y.
QUEEN AND ORESCENT ROUTE.— NEW ORLEANS & NORTHEASTERN RR. CO.
Line of Road Owned. — Meridian, Miss., to New Orleans, La 195.52 m.
TRACKAGE : Alabama and Vicksburg Ry.: Yards at Meridian, Miss.. 0.38 m. — 195.90 miles.
Sidings, etc., 61.34 miles. Gauge, 4 ft. 8£ in. Rail (steel, 251.01 m.), 60 and 75 Ibs.
Historj.— Chartered March 16, 1870 ; opened Nov. 1, 1883. Controlled by the Alabama,
New Orleans, Texas and Pacific Junction Rys. Co. (see GENERAL INDEX), which owns
$4,320,000 of its stock, and $4,900,000 of its 1st mtge. bonds.
Rolling Stock, June 30, 1901. — Locomotives, 42. Cars — passenger, 19 ; baggage and
mail, etc., 11; officers', 2; freight (box, 337; fruit, 266; flat, 415; coal, 655; dump, 17;
furniture, 24; caboose, 20), 1,734; other, 11 — total cars, 1,777.
General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures. $328,685 89
Maintenance of Equipment.. .. 517,756 11
Conducting Transportation .... 455,958 03
General 103,294 10
Total ($7,175.57 per mile) $1,405,694 13
Earnings— Passenger $343,660 80
Freight 1,465,318 18
Mail and Express 72,120 38
Miscellaneous 48,712 70
Total ($9,851.01 per mile) $1,929,812 06
Net earnings (27.16 p. c.), $524,117.93; add interest received, $5,863.54— total, $529,-
81.47. Charges: Interest on bonds (1st mtge., $300,000; prior lien, $79,200), $379,200;
taxes, $48,234.52 ; purchase of land, $12,000— total, $439,434.52. Surplus, $90,546.95 ;
deficit forward, $2,499,974.85 ; net deficit, $2,409,427.90.
Statement of operations, etc., for eight fiscal years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Road Operated. . . .
Passenger Train Miles
Freight Train Miles
195.90
324,082
533,368
1,130,375
206,861
11,159,053
721,449
111,360,021
$
210,452
1,000,614
61,847
20,157
195.90
327,143
463,547
1,066,353
215,030
10,793,198
688,613
99,613,624
$
203,669
935,595
61,726
27,770
195.90
322,456
490,977
1,133,816
213,837
10,894,924
850,825
119,817,540
$
214,806
1,103.008
66,191
35,715
195.90
314,646
436,556
1,090,647
198,307
9,849,205
738,610
104,782,001
$
198,009
1,014,874
61,534
38,837
195.90
293,866
459,771
1,072,557
202,011
9,805,780
869,532
116,734,973
$
182,911
1,121,257
59,001
33,760
195.90
310,227
555,513
1,220,261
236,583
12,059,266
1,043,151
137,698,776
$
227,816
1,216,882
59,077
41,911
195.90
321,899
595,992
1,280,690
283,672
13,116,453
1,236,776
161,516,873
281,863
1,464,415
67,828
42,095
195.90
337,496
692,955
1,366,912
342,569
16,205,423
1,245,484
176,587,428
$
343,661
1,465,318
72,120
48,713
Total Train Miles
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Earnings — Passenger
Freight
Mail and Express
Miscellaneous...
Total Earnings
1,293,070
1,031,688
1,228,761
952,609
1,419,720
1,018,749
1,313,255
980,827
1,396,929
983,553
1,545,686
1,106,536
1,856,201
1,294,744
1,929,812
1,405,694
Operating Expenses
Net Earnings
261,382
Cr. 362
73,941
300,000
32,400
144,598
6,600 66
5,266 40
1,33426
79.78 p. c.
1.89C.
0.90 C.
276,152
Cr. 1,015
79,200
300,000
35,929
137,962
6,272 39
4,862 73
1,40966
77. 53 p. c.
1.89 c.
0.94 c.
400,971
Cr. 1,115
79,200
300,000
34,000
11,114
7,247 17
5,200 &5
2,046 82
71. 76 p. C.
1.97 c.
0.92 c.
332,428
Cr. 1,236
79,200
300,000
34,000
79,536
6,703 70
5,00677
1,69693
74. 69 p. c.
2.01 c.
0.97 c.
413,376
Cr. 1,865
79,200
300,000
36,000
Sur. 41
7,130 83
5,02069
2,110 14
70.41 p. c.
1.87C.
0.96 c.
439,150
Cr. 2,218
79,200
300,000
50,991
S. 11,177
7,890 18
5,648 47
2,241 71
71. 59 p. c.
1.89 c.
0.88 C.
561,457
Cr. 3,402
79,900
300,000
46,248
8. 139,411
9,475 26
6,60921
2.86604
69. 75 p. C.
2.16 c.
0.91 C.
524,118
Cr. 5,863
79,200
300,000
60,234
S. 90,547
9,851 01
7,17557
2,675 44
72.84 p. c.
2.12 c.
0.83 C.
Int. on Current Liabilities..
Int. on Prior Lien Bonds. . .
Interest on 1st Mtge. Bonds
Taxes, etc
Net Deficit
Gross Earnings per Mile. . .
Expenses per Mile
Net Revenue per Mile
Expenses to Earnings
Aver. Rate per Pass .per Mile
Aver. Rate per Ton per Mile
292 POOR'S MANUAL— GULF AND MISSISSIPPI VALLEY GROUP.
General Balance Sheet, June 30, 1901.
Cost of Property |10,939,07120
Materials and Fuel on Hand 155,50635
Sundry Debtors 213,798 99
Station Agents 103,735 77
Remittances in Transit 22,235 58
Other Railroads 60,722 82
Cash on Hand and in Bank 36,618 90
Profit and Loss 2,409,427 90
Total Assets $13,941,117 51
Capital Stock ($100 shares) $5,000,000 00
Funded Debt Outstanding (see below) . . 6,320,000 00
A., N. O., T. & P. Jc. Rys. Co. (Coupon
Acct.) 964,587 62
A., N. O., T. & P. Jc. Rys. Co. (To be
funded) 1,069,517 80
Interest Accrued, but not Due 169,800 00
Current Accounts 307,924 90
Replacement of Rolling Stock Fund.... 109,287 19
Total Liabilities $l3794i7ll7~51
Funded Debt.— Funded debt outstanding on June 30, 1901, consisted of $1,320,000 prior lien gold
6s of Nov. 1, 1915, and $5,000,000 1st gold coup. 6s of Jan. 1, 1911. The prior lien bonds were issued in
1885, to retire floating debt and equipment notes, and to pay for improvements. They took precedence, by
consent, of the 1st mtge. bonds.
Directors (elected Nov. 6, 1901).— Charles Schiff, London, Eng. ; C. C. Harvey,
Henry Abraham, Harry H. Hall, B. F. Eshleman, Alfred Slidell, R. M. Walmsley, Jno. S.
Rainey, Pearl Wight, New Orleans, La.
C. C. HARVEY, President and General Manager New Orleans, La.
Charles Schiff, Vice- President London, Eng.
Sec. <& Treas.—John F. Brent New Orleans, La. | Auditor— Larz A. Jones New Orleans, La.
PRINCIPAL OFFICE AND ADDRESS New Orleans, La.
QUEEN AND ORESCENT ROUTE.— VICKSBURG, SHREVEPORT AND PACIFIC
RAILWAY COMPANY.
Main Line of Road. — Delta, La., to Shreveport, La 171.47 miles.
Wascom Extension : Shreveport, La., to Wascom, Tex 17.00 "
Total length of railroad owned 188.47 miles.
Sidings, 35.86 miles. Gauge, 4 ft. 8£ in. Rail (steel, 213.27 in.), 56 and 60 Ibs.
History. — Organized April 24, 1901, and on May 1, 1901, assumed possession of all
the property of the Vicksburg, Shreveport and Pacific RR. Co. (excepting the United States
land grant lands), having purchased the same on March 30, 1901, at foreclosure sale under
decree of the Circuit Court of the United States. (See MANUAL for 1900, page 446.)
Mississippi River Transfer. — The company owns the river frontage at Delta used for
the transfer between Delta and Vicksburg, and together with the Alabama and Vicksburg
Ry. Co. owns a controlling interest in the capital stock of the Louisiana and Mississippi
Transfer Co., owner of the transfer boat. (See MANUAL for 1897, page 686.)
Lease to M., K. & T. Ry. Co. — The Missouri, Kansas and Texas Ry. operates under a
fixed rental the Wascom extension of this company's line, under a lease for a term of 25
years from Dec. 22, 1899.
Rolling Stock, June 30, 1901. — Locomotives, 19. Cars — passenger, 11 ; baggage and
mail, 6 ; officers', 1 ; freight (box, 369 ; flat, 164; stock, 32; coal, 98 ; fruit, 7 ; caboose, 8),
678 ; other, 9— total cars, 705.
General Income Account, year ending June 30, 1901.
Earnings— Passenger $265,311 29
Freight 520,08978
Mail and Express 39,64795
Miscellaneous and Rent 71,891 28
Total ($5,329.97 per mile) $896,940 30
Expenses— Maint. of Way and Structures.. . . §220,427 50
Maintenance of Equipment 193,252 88
Conducting Transportation 142,057 1 1
General 29,371 05
Total ($3,415.81 per mile) $585,708 54
Net earnings (34.70 p. c.), $311,231.76. Paid taxes, $30,661.19. Surplus, $280,570.57.
' General Balance Sheet, June 30, 1901.
Cost of Property $7,663,366 16
Investment Account 15,900 00
Stock of Material, etc., on Hand 61,205 12
Current Accounts 73,863 50
Remittances in Transit 8,878 08
Cash on Hand and in Bank 55,730 95
Net Revenue Account 3,601 52
Total Assets $7,882,545 33
Common Stock $2,856,500 00
Preferred Stock 2,142,800 00
Funded Debt 2,745,000 00
Interest Accrued, but not Due 25,08000
Current Accounts 110,240 33
Replacement of Rolling Stock Fund.... 2,92500
Total Liabilities $7,882,545 33
Capital Stock — The authorized capital stock is $5,200,000 in $100 shares, consisting: of $6,000,000
common stock and $2,200,000 5 p. c. non-cumulative preferred stock.
Funded Debt. — The funded debt outstanding on June 30, 1901 — total, $2,745,000 a» per general
balance sheet— consists of $1,323,000 V., S. & P. RR. prior lien gold 6s of Nov. 1, 1915, and $1,422,000
POOR'S MANUAL OF RAILROADS.
293
V., S. & P. Ry. gen. gold 5s of May 1, 1941. The authorized amount of gen. mtge. bonds is $3,500,000,
bonds amounting to $1,323,000 being reserved for the retirement of the prior lien bonds, the remaining
$".'>,'>, 000 being reserved for other purposes of the company, Additional particulars respecting the funded
debt are in the Ready Reference Bond List — see General Index.
Statement of operations, etc., for eight fiscal yeara ending June 80 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles Railroad Operated...
Miles Track Owned
170.69
211.98
170.69
211.59
170.69
213.04
170.69
213.78
170.69
216.20
170.69
217.78
170.69
220.29
171.47
224 33
Miles Steel Rail Owned. . . .
Passenger Train Miles
Freight Train Miles
192.56
130,450
123,373
192.56
131,380
124,187
197.76
126,421
125,678
199.92
124,730
118,156
203.34
112,424
130,359
20486
131,866
135,672
219.70
130,567
132,008
213.27
215,120
200,011
Total Train Mileage
364,554
375,668
352,869
357,709
365.801
410,362
402,244
603,464
Passengers Carried ...
132,192
131,358
144,747
140,809
131,262
160,094
187,445
236,677
Passengers Carried One Mile
Tons Freight Moved
5,272,913
188.781
5,058,938
203,552
5,325,466
192,042
5,162,224
232,573
4,805,334
243,552
6,031,114
273,098
6,621,014
299,982
9,754,959
409,518
Tons Moved One Mile
Earnings— Passenger
12,895,711
S
141,037
17,674,449
$
134,493
15,876,362
$
140,309
18,813,939
$
133,607
21,701,505
$
129,406
26,020,977
$
154,797
28,119,046
S
179,621
42,276,061
$
265,311
Freight
319,626
355,245
313,089
385,542
393,933
402,539
409,764
520,090
Miscellaneous...
89,554
90,375
105,422
113,780
116,836
121,048
102,147
111,539
Gross Earnings
550,217
580,113
558,811
572,929
640,175
678,384
691,532
896,940
Operating Expenses
406,581
402,500
377,028
398,280
421,626
438,773
472,313
585,708
Net Earnings
Interest, Receipts, etc
143,636
37,212
177,613
3,213
181,783
1,206
174,649
1,656
218,549
1,143
239,611
33,639
219,219
56,806
311,232
Net Income
180,848
180,826
182,989
176 305
219,692
273 250
2V6,025
311,232
Gross Earnings per Mile...
Expenses per Mile
3,22330
2,381 85
3,398 44
2,357 94
3,273 65
2,208 72
3,356 35
2,333 22
3,750 29
2,469 98
3,974 13
2,5^058
4.051 15
2,767 08
5,229 97
3,415 81
Net Earnings per Mile
Expenses to Earnings
Earnings per Pass, per Mile
Earnings per Ton per Mile.
84145
73.90 p. c.
2.67 c.
2.48 c.
1,04050
69.38 p. c.
2.66 C.
2.01 c.
1,064 93
67.47 p. c
2.63 c.
1.97C.
1,02313
69.51 p. c.
2.59 c.
1.73 c.
1,28031
65.86 p. c.
2.69 c.
1.82 c.
1,40355
64.67 p. C.
2.57 C.
1.55 c.
1,284 07
68.30 p. c.
2.71 c.
1.46 c.
1.814 16
63.30 p. c.
2.72 c.
1.23C.
United States Land Grant. — On Feb. 1, 1902, the lands were sold under decree of foreclosure
of the U. S. District Court for the Western District of Louisiana, dated Oct. 7, 1901, to C. C. Harvey for
himself and associates. The sale had not been confirmed when this part of the Manual was sent to press,
owing to objections made by minority holders of Vicksburg, Shreveport and Pacific RR. 3d mtge. bonds.
(See Manual for 1901, page 441.)
Directors (elected Nov. 6, 1901).— C. C. Harvey, Harry H. Hall, Henry W. Preston,
Larz A. Jones, New Orleans, La.; G. T. Bonner, New York, N. Y.; Chas. Schiff, London,
Eng. ; Frank P. Stubbs, Jr., Monroe, La.
C. C. HARVEY, President and Gen. Manager New Orleans, La.
Sec. & Treas.—John F. Brent New Orleans, La. | And itor— Larz A. Jones New Orleans, La.
PRINCIPAL OFFICE AND ADDRESS New Orleans, La.
WESTERN RAILWAY OF ALABAMA.
Line of Road.— Selma, Ala., to West Point, Ga 132.01 miles.
Sidings, 32.50 miles. Gauge, 4 ft. 9 in. Rail (steel), 56, 60, 60|, 61$, 70, and 80 Ibs.
History. — Successor, March 15, 1883, to the Western RR. of Alabama (see MANUAL for
1886, page 453).
Rolling Stock, June 30, 1901. — Locomotives, 15. Cars — passenger, 15; baggage, mail,
and postal, 7 ; private, 1 ; freight (box, 246 ; flat, 45 ; stock, 17 ; coal, 53 ; refrigerator,
3 ; furniture, 99 ; caboose, 4), 467 ; service, 18 — total, 508. Of these, 91 box cars and 75
furniture cars are leased. The company owns one-half share in 1 dining car.
Operations, year ending June 30, 1901. — Train mileage — passenger, 244,656 ; freight,
166,258; mixed, 36,956; other, 17,564— total, 465,434 miles. Passengers carried, 263,880;
carried one mile, 10,385,589 ; average mile rate, 2.53 cents. Tons freight moved, 582,484 ;
moved one mile, 36,610,145 ; average ton-mile rate, 1.27 cents.
Expenses— Maint. of Way and Structures. . .$153,813 78
Maintenance of Equipment 102,863 39
Conducting Transportation > 842,592 30
General Expenses 85,48778
Total ($6,248.85 per mile) $824,910 03 Total ($4,050.51 per mile) $584,707 19
Earnings— Passenger $263,233 18
Freight 465,001 44
Mail and Express 73,172 27
Miscellaneous 23,503 14
294
POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
Net earnings (35.18 p. c.), $290,202.84; other receipts, $5,159.16— total, $295,362.
Payments : luterest on funded debt, $69,435 ; taxes, $30,151.21 ; reserve for improvements,
$98,537.90 ; betterments to property, $36,175.65 ; sundry accounts, $76.77— total, $234,-
376.53. Surplus, $60,985.47; surplus forward, $165,659.03— total, $226,644.50. Deduct
dividends (4 p. c.), $120,000. Balance, surplus, June 30, 1901, $106,644.50.
Capital stock, bonded debt, revenues, etc., for eight fiscal years ending June 30 :
vo«r« Capital
Yeare- Stock.
S
1894.. 3,000,000
1895.. 3,000,000
1896.. 3,000,000
1897.. 3,000,000
1898.. 3.000,000
1899.. 3,000,000
1900.. 3,000,000
1901.. 3,000,000
Bonded
Debt.
8
1,543,000
1,543,000
1,543,000
1,543,000
1,543,000
1,543,000
1,543,000
1,543,000
Cost of
Road, etc.
$
4,543,000
4,543,000
4,543,000
4,543.000
4,543,000
4,543,000
4,543,000
4,543,000
RR. Op-
erated.
Miles.
133.10
133.10
132.01
132.01
132.01
132.01
132.01
132.01
Gross
Barn's.
9
512,032
523,283
579,804
636,533
603,630
668.335
739,746
824,910
Expenses
& Taxes.
$
358,414
369,123
391,740
403,993
414,391
430,832
507,522
564,858
Net
Barn's.
S
153,608
154,160
188,064
232,540
189.239
237,503
232,224
260,052
Net ]
Income.
$
153,608
162,a30
192,910
235,746
194,467
246,029
244,757
265,211
interest
Paid.
S
69,435
69,435
69,435
69,435
69,435
69,435
69,435
69,435
Divid'e
Paid.
8
60,000
60,000
60,000
90,000
Total Balance
Piiym'ts. ( + or— ).
S $
1M.H41 -16,033
129,636 + :«,1!»4
173,729 +19,181
199,001 +36,746
102,169 +92,298
335,037 -89,008
280,577 -35,280
324,225 -59,014
60,000
210,000
120,000
General Balance Sheet, June 30, 1901.
Franchise and Property $4,543,000 00
New Equipment 1,875 00
Real Estate 36,241 91
Materials and Supplies 62,993 31
Bills Receivable 2,000 00
Current Accounts 142,602 18
Cash on Hand and on Deposit 222,107 35
Total Assets $5,010,819 75
Capital Stock ($100 shares) $3,000,000 00
Funded Debt Outstanding (see next Sec.). 1,543,000 00
Current Liabilities 153,81650
Interest Accrued, not Payable 17,358 75
Dividends Accrued 60,000 00
Reserve for Improvements 130,000 00
Profit and Loss 160,644 50
Total Liabilities $5,010,819 75
Funded Debt.— Funded debt consisted June 30, 1901, of 1st gold 4Js of Oct. 1, 1918, int. A. & O.,
at the office of the Guaranty Trust Co., New York, N. Y. The bonds are guaranteed by the Georgia RR. and
Hanking Co., and the Central of Ga. Ry. Co., by whom the capital stock is jointly owned. Trustee; Metro-
politan Trust Co., New York.
Directors (as constituted Oct. 10, 1901). — Chas. A. Wickersham, Atlanta, Ga.; H.
Walters, Wilmington, N. C. ; J. M. Falkner, Montgomery, Ala.; L. Lanier, West Point,
Ga. ; B. M. Green, Opelika, Ala.; J. F. Hanson, Macon, Ga. ; Jno. M. Egan, Savannah, Ga.
CHAS. A. WICKERSHAM, Pres. & Gen. Manager Atlanta, Ga.
Sec. & Treas.—F. H. Hill Atlanta, Ga. | Auditor— V. A. Healy Atlanta, Ga.
PBINCIPAL OFFICE AND ADDBESS Atlanta, Ga.
YAZOO AND MISSISSIPPI VALLEY RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 8
Funded Debt, Details of 6
General Balance Sheet, 1901 5
History. 2
Income Account, June 30, 1901 ... 4
Land Department 7
Mileage Operated, June 30, 1901.. 1
Operations and Income 4
Rolling Stock 3
1. Mileage Owned and Operated, June 30, 1901.
Main Line : Memphis, Tenn., to New Orleans, La
Helena Branch : Trotter's Point to Eagle's Nest, Miss
Bayou Sara Branch : Slaughter, La., to Wbodville, Miss
Clinton Branch : Ethel to Clinton, La
Tallahatchie Division : Clarksdale to Minter City, Miss
Greenwood Branch : Black Bayou Junction to Greenwood, Miss ,
Lake Dawson Division : Tutwiler to Lake Dawson, Miss
Belzona Extension : Isola to Belzona, Miss
Riverside Division : Coahoma to Lamont, Miss
Southern Section : Wilczinski to Riverside Junction, Miss
Huntington Branch : Leland to Huntington, Miss
Bogue Phalia Branch : Leland to Bogue Phalia, Miss
Glen Allen Branch : Hampton to Glen Allen, Miss
Kimball Lake Division : Rosedale to Boyle, Miss
Natchez and Jackson Division : Jackson to Natchez, Miss
Yazoo Branch : Jackson to Grenada, Miss
Lexington Branch : Durant to Tchula, Miss
Total length of lines operated, June 30, 1901
Gauge, 4ft. 8j in. Rail (steel), 40 to 75 Ibs. ; average, 58.46 Ibs.
2. Historj.— Consolidation, in Oct., 1892, of the Yazoo and Mississippi Valley RR. Co.,
and the Louisville, New Orleans and Texas RR. Co. (see MANUAL for 1899, page 515).
456.15 miles.
20.24 "
41.60 "
8.62 "
39.60 "
22.04 "
56.33 "
9.15 "
75.61 "
42.31 "
22.82 "
16.67 "
2.00 "
23.74 "
98.32 "
130.85 "
24.67 "
1,090.72 miles.
POOR'S MANUAL — YAZOO AND MISSISSIPPI VALLEY RR. CO.
295
The Greenwood Branch, 16.82 miles, and the sections of the Lake Dawson Division, be-
tween Tutwiler and Ruleville, 21.5 miles, and between Lake Dawson and Moorhead, 14.73
miles, were put in operation on June 30, 1899. The Yazoo Delta RR., 20.1 miles, extending
from Ruleville to Moorhead, Miss., and completing the line from Tutwiler to Lake Dawson
was purchased in 1899, and after being practically rebuilt, was added to the lines operated
by the company, on July 1, 1900. The line from Isola to Belzona, Miss., 9.15 miles, was
added to the system on Aug. 1, 1900. The line from Leland to Bogue Phalia, Miss., 16.67
miles, was put in operation Oct. 1, 1900. The rebuilding of the old Rosedale and Mississippi
Central Valley RR., between Rosedale and Phalia, Miss., 6.28 miles ; the construction of a
line from Phalia to Lake Kimball, Miss., 9.66 miles ; and the widening and repairing of the
line from Kimball Lake to Boyle (the Boyle and Sunflower River RR.), 7.8 miles, have all
been completed, making a total of 23.74 miles. The line was put in operation Jan. 1, 1901.
The extension of the Yazoo Branch from Parsons to Grenada, Miss., 15.16 miles, was put in
operation on May 1, 1901. The construction of a line from Tutwiler north to a connection
with the main line at Lake Cormorant, a distance of about 68 miles, was in progress daring
the fiscal year, and 9 miles of track at the south end had been laid to June 30, 1901.
3. Rolling Stock, June 30, 1901. — Locomotives, 105. Cars — passenger and chair, 46 ;
baggage and smoking, 9; baggage, mail, and express, 18; freight (box, 2,113; stock, 48;
fruit, 165 ; flat, 547 ; logging, special, 13 ; coal, 331). 3,217 ; service, 85— total, 3,375.
4. Operations, year ending June 30, 1901 (average, 1,056.51 in.). — Train mileage— pas-
senger, 1,368,491 ; freight, 2,270,668 ; other, 1,205,402— total, 4,844,561 miles. Passengers
carried, 1,852,296 ; carried one mile, 55,347,045 ; average mile rate, 2.45 cents. Tons freight
moved, 2,453,135 ; moved one mile, 489,184,635 ; average ton-mile rate, 0.831 cent.
EARNINGS. 1899-00 1900-01
Passenger $1,080,94554 $1,357,368 83
Freight 3,595,66325 4,064,697 69
Mail and Express 165,06045 201,06577
Miscellaneous 459,82031 504,80946
Totals $5,300,889 55
Totals per Mile 5,29729
$6,127,941 75
5,80018
EXPENSES. 1899-00 1900-01
Maint. Way and Structures.. $893,80407 $983,55511
Maintenance of Equipment. . 357,514 64 501,740 57
Conducting Transportation.. 1,813,18619 2,114,20403
General 153,26134 158,39611
Totals $3,217,796 24
Totals per Mile 3,21561
757,895 82
3,556 90
Net earnings, 1900-01 (38.68 p. c.), $2,370,045.93 ; other income, $695.30— total, $2,370,-
741.23. Payments : Taxes, $300,355.96 ; interest on bonds (Y. & M. V. Ists, $140,000 ; Y. &
M. V. improvement 4s, $191,026.36 ; L., N. O. & T. Ists, $673,280), $1,004,306.36 ; set apart
to establish a pension fund, $50,000— total, $1,354,662.32. Surplus, $1,016,078.91, applicable
to overdue interest on second mortgage income bonds.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $52,307,739 45
Materials and Supplies 297,238 37
Four p. c. Gold Imp. Bonds of 1934—
Owned 1,117,000 00
Due from Illinois Central RR. Co 664,101 66
Bills Receivable 5,834 23
Due from Agents 153,686 52
Due from Companies and Individuals 13,852 08
Assets in Pension Fund 50,000 00
Assets in Insurance Fund 176,883 33
Capital Stock ($15,000,000 auth.)
Funded Debt
Audited Vouchers and Accounts
Equipment Renewal Fund
Equipment Improvement Fund
Wages and Salaries
Net Traffic Balances
Accrued Interest — Coupons of Sept. 1, and
Dec. 1, 1901
Other Accounts Payable
Pension Fund
Insurance Fund
* Surplus Income
Profit and Loss
$6,168,400 00
45,014,432 35
87,499 60
78,184 73
23,664 80
161,369 26
39,710 00
236,093 34
875,642 34
50,000 00
176,883 33
1,016,078 91
858,376 98
Total Assets $54,786,335 64 Total Liabilities $54,786,335 64
* This surplus was paid on Sept. 1, 1901, to the owners of the 2d mtge. bonds of the L., N. O. & T.
Ry. Co., on account of the interest due thereon.
6. Funded Debt — The funded debt on June 30, 1901— total, $45,014,432.35, as per general balance
sheet— consisted of the following issues: $16,832,000 L., N. O. & T. Ry. Co. 1st gold 4s of Sept. 1, 1934;
$9,104,000 L., N. O. & T. Ry. Co. 2d cumulative income 5s of Sept. 1, 1934; $10,000,000 L., N. O. & T. Ry.
Co. land grant non-cumulative income 6s of Sept. 1, 1934; $2,800,000 Y. & M. V. RR. Co. 1st gold 5s of
June 1, 1952; and $6,278,432.35 Y. & M. V. RR. Co. improvement gold 4s of Jan. 1, 1934. Only the gold
improvement bonds of the Yazoo and Mississippi Valley RR. Co. and $96,000 of the land grant bonds of the
Louisville, New Orleans and Texas Ry. Co. are outstanding in the hands of the public, the rest of the
funded debt being owned by the Illinois Central RR. Co. and pledged as security for two of its loans. No
interest has ever been paid on the land grant income bonds of the Louisville, New Orleans and Texas Ry.
Co. Interest due and unpaid on the 2d mtge. cumulative income bonds of the same company amounted to
$5,213,522.58 on June 30, 1901. (See footnote to General Balance Sheel.)
296 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
7. Land Department.— During the year ending June 30, 1901, there were sold 31,181.76 acres for
$205,725.58. Net receipts of land office, $219,909.92. Lands unsold June 30, 1901, 201,301.68 acres. Cash
deposited with Illinois Central BR. Co. at credit of trustees of land grant mortgage, $663,200.01; land notei
on hand, $710,738.14— total, $1,373,938.15.
§. Directors. — J. M. Edwards, Stuyvesant Fish, Charles A. Peabody, New York,
N. Y.; J. C. Welling, Chicago, 111.; W. C. Craig, Yazoo City, Miss.; Albert Baldwin, New
Orleans, La.; W. B. Mallory, Memphis, Tenn.; C. M. Beach, Hartford, Conn.; R. L. Saunders,
Jackson, Miss.; Percy Leroy, Greenville, Miss.; John Overton, Memphis, Tenn.; John S.
Aisthorpe, Cairo, 111.
STUYVESANT FISH, President New York, N. Y.
John C. Welling, Vice- President Chicago, 111.
J. T. Harahan, 2d Vice- President " "
M. Qilleas, 3d Vice-President Memphis, Tenn.
Treasurer— E. T. H. Gibson New York, N. Y. | Secretary— C. H. Wenman New York, N. Y.
Asst. Secretary— -W '. G. Bruen Chicago, 111.
GENERAL OFFICE Central Station, Chicago, 111.
ALABAMA AND TOMBIGBEE RR.— Projected : Coffeeville, Ala., to Fulton, Ala., 23m.; Fulton
to Lower Peach Tree, Ala., 15 m.; Lower Peach Tree to Camden, Ala., 21 m.— total, 59 miles. Completed up to
Jan. 1,1901: Fulton to end of track, Ala., 8 miles. Gauge, 4 ft. 8i in. Rail (steel), 40 Ibs. Chartered Jan. 13. 1398.
Locomotive, 1. Cars (freight, 1; other, 8), 9. Capital stock authorized is $80,000 in $100 shares. No bonds.
Estimated cost of road, $6,000 per mile.
Directors.— James S. Burr, G. G. Van Buren, C. M. Dunn, Fulton, Ala.; C. Van Buren, Amsterdam, N. Y.;
G. C. Burr, J. A. Miller, Gloversville, N. Y.; G. R. Hannon, D. L. Whetstone, Montgomery, Ala. OFFICERS:
JAMES S. BURR, Pres., Fulton, Ala.; G. G. Van Buren, Vice-Pres., Amsterdam, N. Y.; Chas. H. Langston, Sec.;
G. R. Hannon, Gen. Mffr., Fulton, Ala.; D. S. Whetstone, Treat., Montgomery, Ala.; John L. Cowan, Chief
Eng., Opelika, Ala. GENERAL OFFICE, Fulton, Clarke Co., Ala.
ASHLAND COAL AND IRON RY.— Ashland to Straight Creek Jane., Ky., 22.06 m.; total track,
30. 25 miles. The Elizabethtown, Lexington and Big Sandy RR. has a traffic arrangement over 21 .3 m. of the road.
Road opened as above in 1881. Known as Lexington and Big Sandy until 1865, and as Lexington and Big Sandy
RR. Eastern Division until May 1, 1880, when the company adopted the present name. Operated in connection
with coal and iron mining and manufacturing business. Locomotives, 7. Cars — passenger, 2 ; baggage, 2 ;
freight (box, 5 ; gondola, 67 ; flat, 12 ; coal, 320), 404 ; caboose, 2 ; other, 1— total cars, 411.
Operations, year ending June 30, 1901.— Gross earnings, $150,573. Operating expenses, $98.987. Net
earnings, 851,586. These figures are taken from the Report of the Railroad Commissioners of Kentucky. The
company refuses all information. For latest detailed statement of operations, see MANUAL for 189S, page 183.
Financial Statement, June 30, 1901.— Capital stock, $1,547.000; funded debt (1st 4s of May 1. 1925, int.
M. & N.), $300,000— total stock and bonds, $1,847,000. The authorized amount of bonds is $400,000. The
$100,000 unissued are reserved for improvements.
Directors.— Jas. M. Bailey, Pittsburgh, Pa.; K. L. Butler, Jno. F. Winslow, Cincinnati, O.; Geo. N. Biggs,
Huntingdon, W. Va.; John Means, Robt. Peebles, Ashland, Ky. OFFICERS : DOUGLAS PUTNAM, Pres. & Gen.
Mgr.; John Means, Vice-Pres.; Robert Peebles, Sec. & Treae., Ashland, Ky. GENERAL OFFICE, Ashland, Ky.
BELT LINE RY. (Montgomery, Ala.).— In Montgomery, Ala., 1 m.; total track (steel ; 60 Ibs.), 2
miles. Gauge, 4 ft. 8£ in. Owns 1 dummy engine. Chartered March 29, 1889 ; road opened about July, 1889. Con-
trolled by the Plant Investment Co.
Financial Statement.— Capital stock ($100 shares), $200,000; funded debt (1st gold 5s of Jan. 1, 1910),
$200,000— total stock and bonds, $400,000.
Directors.— R. G. Erwin, M. F. Plant, New York, N. Y .: S. G. McLendon, Thomasville, Ga.; A. A.
Wiley, J. W. Black, F. M. Billings, W. A. Gayle, A. M. Baldwin, Nathan Loebman, Montgomery, Ala.
OFFICERS : A. A. WILEY, Pres., Montgomery, Ala.; M. F. Plant, Vice-Pres., New York, N. Y. ; J. Moultrie Lee,
Sec. & Treat., Savannah, Ga. GENERAL OFFICE. Montgomery, Ala.
BIRMINGHAM AND ATLANTIC RR.— Talladega to Pell City, Ala., 22.9 m.; Ragan to Ore Beds,
9.56 m. ; Talladega to Weisinger, 3 m. ; trackage, E. & W. RR., Pell City to Coal City, Ala., 7 m.— total operated,
42.46 miles. Sidings, etc., 2.53 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 1U«. Reorganization, Oct., 1890, of the
Talladega and Coosa Valley RR. Co. (see MANUAL for 1890, page 476). The Weisinger Branch was opened June
1, 1899. Locomotives, 4. Cars— passenger, 1; freight (flat, 8; coal, 53 ; coke, 5), 66 ; service. 2— total, 69.
Operations, year ending June 30, 1901.— Trains run (passenger, 7,800; freight, 16,040; mixed, 22,800; other,
1,050), 47,690 miles. Passengers carried, 6,838 ; carried one mile, 112,792. Tons freight moved, 62,005; ton-miles,
1,165.884. Earnings (passenger, $4,005; freight, $26,849; other, $4,186), $35,040. Operaiing expense*, $48.107.
Deficit (including taxes, $1,903 ; other charges, $120— total, $2,023), $15,090 ; deficit forward, $13,004— total,
$28,094.
General Balance Sheet, Jane 30, 1901.— Capital stock ($100 shares), $1,000,000 ; funded debt (1st 6s of
Nov. 1, 1931 ; $1,000,000 auth.), S500,000 ; current liabilities, $34,954— total, $1,534,954. Contra : Coi-t of road and
equipment, $1,500,000 ; materials, etc., $1,196 ; cash and current assets, $5,664 ; profit and loss, $28,094— total,
$1,534,054.
Directors.— Walter T. Rosen, Ernst Thalmann, Sidney H. March, Rush Taggart, Frederick B. Vran Varst,
New York, N. Y.; Sidney J. Bowie, Anniston, Ala.; John C. Soley, Talladega, Ala. OFFICERS : SIDNEY H.
MARCH, Pres.; Walter T. Rosen, \st Vice-Pres.; Ernst Thalmann, Zd Vice-Pres.; John Carlsen, Sec. <t Treas.,
New York, N. Y.; John C. Soley, Gen. Mgr.; J. F. Fleetwood, And., Talladega, Ala. GENERAL OFFICE, Talla-
dega, Ala.
BIRMINGHAM SOUTHERN RR.~Binnlngham to *5 Mines, Ensley, Ala., 8.23m.; Pratt City to
Stockton, Ala., 4.12m.; Woodstock to Blocton, Ala., 8.10 m.— total, 20.45 m.; branches: Pratt City to No. 1 Mine,
0.85 m.; Ensley Belt, 1.68 m.; Blocton to No. 2 Mine, 1.10 m.; Blocton to No. 3 Mine, 1.29 m.— total lines, 25.87
m.; total track (steel; 80 Ibs.), 68 miles. Gauge, 4 ft. 8J in. Incorp. Feb. 17, 1899; organized May 28, 1899. This
POOR'S MANUAL OF RAILROADS. 297
road Is owned jointly by the Southern Ry. Co. and the Louisville and Nashville RR. Co. Locomotives (iwitch-
in"), 25. Cars— freight (flat, 18; coal, 366; other, 98), 482.
Operations, year ending June 30, 1901.— Earnings (switching and other, $355,446 ; freight, $21,934), $377,380.
Operating expenses, $377,380.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in (common stock, $550,000;
preferred stock, $550,000; $100 shares), $1,100,000; loans and bills payable, $67,081; current liabilities, $14,502;
interest matured (including coupons due July 1), $19,786; other liabilities, $6,321; profit and loss, $97,697— total,
$1,305,387. Contra: Cost of road and equipment, $1,197,697; bills receivable, $101,379; materials, etc., $1,930;
current a-sets, $4,381— total, $1,305,387. Capital stock authorized, common, $6,000,000; preferred, $6,000,000—
total. $12,000,000.
Directors. -J. G. Moore, A. G. Smith, Birmingham, Ala.; M. H. Smith, Louisville, Ky.; W. W. Finley,
Washington, D. C.; J. M. Falkner, Montgomery, Ala. OFFICERS: J. G. MOORE, Pres. & Gen. Mgr.; A. G. Smith,
Vice-l'ret.; Wm. T. F. Warren, Sec.; Birmingham Trust and Savings Co., Treas., Birmingham, Ala. GENERAL
OFFICE, Birmingham, Ala.
BURNSIDE AND CUMBERLAND RIVER RY.—Burnside June, to Burnside Landing, Ky.,
1.5 m.; total track (steel; 53 IbsO, 2.5 miles. Gauge, 4 ft. 8£ in. Chartered May 1, 1890; road opened Dec. 1,
1890. Connects the Cincinnati Southern Ry. and the Cumberland River, and also forms a belt railway for the
industries located at Burnside, Ky. Locomotive, 1. Car (passe_nger), 1. Uses cars of the C., N. O. & T. P. Ry. Co.
Operations year ending June 30, 1901.— Earnings (freight), $12,294. Operating expenses, $11,292. Net
earnings, $1,002. Payments: Interest on bonds, $900; taxes, $102— total, $1,002.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock ($50,000 auth. ; $100 shares),
$15,000 ; funded debt (1st 6s of Dec. 1, 1910, int. J. & D.), $15,000— total, $30,000. Contra : Cost of road and
equipment, $18,092.
Directors.— C. W. Cole, Oliver Kinsey, M. P. Molloy, Cincinnati, O. OFFICERS : C. W. COLK, Pres.,
Treas., And., & Gen. Mgr.; Oliver Kinsey, Vice-Pres.; M. F. Molloy, Sec., Cincinnati, O. GENERAL OFFICE, 301
and 302 Pike Building, Cincinnati, O.
CARROLLTON SHORT LINE RY.— Carrollton to Reform, Ala., 10 miles. Gauge, 4 ft. 8J in.
Rail (steel), 40 and 56 Ibs. Chartered in 1897; road opened as above in Oct., 1900. Traffic arrangements have
been made with the Mobile and Ohio RR. Co. Company has in contemplation the building of 18 miles of addi-
tional track. Locomotive,!. Cars passenger (leased), 3 ; flat, 3 — total, 6.
Operations, year ending June 30, 1901.— Gross earnings (freight), $15,008. Operating expenses, $7,008.
Net earnings, $8,000.
Directors.— John T. Cochrane, W. G. Cochrane, F. S. Moody, F. M. Moody, Henry Fitts, Tuscaloosa, Ala. ;
W. G. Robertson, E. D. Willett, W. P. Owings, L. C. Hudgins, M. L. Strause, Samuel H. Hill, Carrollton, Alu.
OFFICERS: JOHN T. COCHRANE, Pres., Tuscaloosa, Ala.; E. D. Willett, Vice-Pres., Carrollton, Ala.; Frank M.
Moody, Treas., Tuscaloosa, Ala.; Wm. G. Robertson, Sec., Carrollton, Ala. GENERAL OFFICE, Tuscaloosa, Ala.
CHATTANOOGA SOUTHERN RR.— Ga.-Tenn. State Line to Gadsden, Ala., 86.25m.; branches
and spurs, 5.38 m.— total, 91.63 miles. Trackage : Belt Ry. of Chattanooga: Ga.-Tenn. State Line to Chatta-
nooga, Tenn., 5.18 miles. Total operated, 90.81 miles. Sidings, etc., 5.76 miles. Gauge, 4 ft. 8J in. Rail
(steel), 56 and 60 Ibs. Reorganization, Jan. 10, 1896, of the Chattanooga Southern Ry. Co. (See MANUAL for
1896, page 239.) Locomotives, 6. Cars— passenger, 4 ; baggage, etc., 2 ; freight (box, 58 ; flat, 41 ; coal, 122), 221 ;
service, 4— total, 231. Of this equipment 35 box, 20 flat, and 30 coal cars are field under car trusts.
Operations, year ending June 30, 1901.— Trains run (freight, 46,519 ; mixed, 57,074 ; other, 7,315), 110,908
miles. Earnings (passenger, $10,634 ; freight, $76,679 ; other, $5.530), $92,843. Operating expenses, $125,780.
Deficit from operations, $32,937. Paid taxes, $5,575. Deficit for year, $38,512; deficit forward, $41,016— total,
$79,528.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares)— common, $2,250,000 ; preferred,
$750,000 ; current liabilities, $18,156 ; loans, $85,379 ; bills payable, $10,000— total, $3,113,535. Contra : Cost of
road and equipment, $2,997,716 ; materials, etc., $21,091 ; current assets, $15,200 ; profit and loss, $79,528— total,
$3,113,535.
Directors.— Henry A. V. Post, Russell Sage, Thos. H. Hubbard, Newman Erb, Edward C. Osborn, Frank
H. Davis, New York, N.Y.; Henry L. Lamb, Troy, N. Y. OFFICERS: HENRY L. LAMB, Pres., Troy, N.Y.; Thos.
H. Hubbard. Vice-Pres.; Edward C. Osborn, Sec. & Treas., New York, N. Y.; Geo. M. Chapman, And.; W. W.
Kent, Gen. Mgr., Chattanooga, Tenn. GENERAL OFFICE, Chattanooga, Tenn.
CHESAPEAKE AND NASHVILLE RY.—Gallatin, Tenn., to Scottville, Ky., 35.87 m.; Gallatin
to Hartsville, Tenn., 12 m.— total, 47.87 m.; total track (steel; 54 Ibs.), 51.87 miles. Gauge, 4 ft. 9 in. (For early
history of this company, see MANUAL for 1886, page 926.) The project is for a railroad from Nashville, Tenn., to
Danville, Ky., 165m., and from Glasgow to Elizabethtown, Ky., 40 miles. (See MANUAL for 1892, page 679.) Road
Bold under foreclosure on Sept. 27, 1892, and purchased by W. A. Weber, by whom it is operated pending the
reorganization of the company. Early in 1898 the Middle and East Tennessee Central Ry., completed from Galla-
tin to Hartsville, Tenn., 12 m., was absorbed. (See MANUAL for 1897, page 184.) Locomotives, 4. Cars— passen-
ger, 2 ; combination, 2 ; freight (flat), 46— total, 50.
Operations (main line), year ending June 30, 1901.— Trains run (passenger, 2,180 ; freight, 7,000 ; mixed,
21,070; other, 6,740), 36,990 miles. Passengers carried, 9,733; carried one mile, 167.941. Tons freight moved,
49,698 ; ton-miles, 1,092,916. Earnings (passenger, $5,690 ; freight, $42,601 ; other, $2,517), $50,808. Operating
expenses, $48,850. Net earnings, $1.958. Paid taxes, $2,734. Deficit, $775.
General Balance Sheet, June 30, 1901.— Cost of road (main line) as liability, $310,000 ; other liabilities,
$8,833 ; profit and loss, $11,491— total, $330,329. Contra : Cost of road and equipment, $310,000 ; materials, etc.,
$400 ; cash, $3,757 ; profit and loss, $16,172— total, $330,329.
The old securities were extinguished by the foreclosure sale in Sept., 1892. The reorganization is not yet
perfected, and no new securities have been issued. (See MANUAL for 1894, page 196.)
Officers.— Robert Meek, Svpt.; D. B. Anderson, And., Gallatin, Tenn. GENERAL OFFICE, Gallatin, Tenn.
CINCINNATI AND LICKING RIVER RR.— Incorporated June 12, 1900, and purchased the
Covington, Flemingsburg and Ashland RR., extending from Johnson Junction to Hillsboro, Ky., a distance of 17
miles, and the_Brooksvil]e Ry., from Brooksville to^ellsburg, JC£,_10jmile8. W1V;n__c,omP_leLe<Lthji ''?,? wi.'J
extend
progress 1
Pres. & Gen. Mgr.;'TS>~ J~Hunter, Sec. ~&Tr~af. Mgr., Brooksville, Ky. ' GENERAL OFFICI, Brooksville, Ky.
EASTERN KENTUCKY RY.— Riverton to Webbville, Ky., 36 m.; total track (20.88 m. steel ; 56 to
60 Ibs.), 46.38 miles. Gnuge, 4 ft. 9 in. Chartered in Jan., 1870. Successor to the Kentucky Improvement Co.
(chartered in Dec., 186(5). Road opened throughout, April, 1899. Locomotives, 4. Cars— passenger, 8; baggage,
etc., 1 : freight (box, 4; stock, 21; flat, 3), 28 ; service, 1— total cars. 33.
Operations, year ending June 30, 1901.— Trains run (mixed, 44,190 ; other, 4,405), 48,595 miles. Passen-
gers carried, 20.072 ; cnrried one mile, 216,971. Tons freight moved, 61 ,419 ; ton-miles, 961,027. Earnings (passen-
ger, $7,734 ; freight, $39,282 ; other, $2,610), $49,626. Operating expenses, $49,543. Net earnings, $9,083 ; other
298 POOR'S MANUAL— GULF AND MISSISSIPPI VALLEY GROUP.
receipts, $977— total, $10,060. Payments : Taxes, $1,832 ; other charges, $l,613-total, $3,445. Surplus, $6,615 ;
deficit forward, $254,693 ; net deficit, $248,077.
O-eneral Balance Sheet, June 30, 1901.— Capital stock (common, $1,697.800 ; preferred. $1,779,500) paid
in, $3,477,300; current liabilities, $35,038; other liabilities, §6,059— total, 83,518,91)7. Contra: Cost of road and
equipment, $2,415,000; securities owned, $10,220; other investments, $815,988 ; materials, etc., 311,080 ; cash.
$18,ti32 ; profit and loss, $248,077— total, $3,518,997. Capital stock authorized consists of $3,000,000 preferred
etock and $10,000,000 common stock in S100 shares.
Directors.— Nathaniel Thayer, E. V. R. Thayer, Charles Merriam, H. H. Hnnnewell, E. B. Townsend,
Boston, Mass.; Edw. F. Ripley, Cohasset, Mass.; Stnrgis G. Bates, Riverton, Ky. OFFICERS: NATHANIEL
THATKU, Pres., Boston, Mass. ; Sturgis G. Bates, Vice-Pres. & Gen. Mgr., Riverton, Ky. ; E. B. Townsend, Sec. &
Treat., Boston, Mass. GENERAL OFFICE, Riverton, Ky.
EAST LOUISIANA RR.— Pearl River to Covington, La., 24.0m.; Mandeville Jnnc. to Mandeville, La.,
12.0m.; Main Track to Blake's Mill Switch, 0.12 m.; Covington Yard Switch, 0.10 m ; River Switch to Peirl
River, 1.08 m. ; Baker Switch to the Woods, 6.26 m. ; Covington to Babington's Warehouse, 0.05m.— total, 43.61 m.;
total track (steel ; 35 and 60 Ibs.), 46.69 miles. Gauge, 4 ft. 8)tf in. Chartered July 8, 1887 ; main lines completed
May 29, 1892. (See MANUAL for 1900, page 452.) Projected to Monticello, Miss., 80 m. from Pearl River. Loco-
motives, 4. Cars— passenger, 8 ; baggage, etc., 2 ; freight (box, 8 ; stock, 2 ; flat, 4 ; refrigerator and log, 26),
40 ; service, 14— total, 64.
Operations, year ending June 30, 1901.— Earnings (passenger, $27,391 ; freight, $46,158; other, $4,100),
$77,649. Operating expenses, $73,563. Net earnings, $4,086. Payments : Interest on floating debt, $4.456 ;
taxes, $1,851; other charges, $3,641— total, $9,948. Deficit, $5,862; surplus forward ($2,066, less deductions
during year, $2,179), $487 ; net deficit, $5,374.
General Balance Sheet, June 30, 1901.— Capital stock ($360,000 auth.; $100 shares), $340.300 ; current
liabilities, $103,463— total, $443,763. Contra : Cost of road and equipment, $384,389 ; bills receivable, $10,000 ;
materials, etc., $25,224 ; cash and current assets, $18,776 ; profit and loss, $5,374— total, $443,763.
Directors.— Frank B. Hayne, W. J. Poitevent, Eads Poitevent, New Orleans, La.; N. G. Pearsall, C. K.
Mullings, Covington, La. OFFICERS : FRANK B. HAYNE, Pres., New Orleans, La.; N. G. Pearsall, Vice-Pres. <&
Gen. Mgr.; C. K. Mullings, Treas., Covington, La.; W. J. Poitevent, Sec., New Orleans, La. GENERAL OFFICE,
Covington, La.
FRANKFORT AND CINCINNATI RY.— Frankfort to Paris, Ky., 40m.; total track (steel; 56
Ibs.), 42.2 miles. Gauge, 4 ft. 84 in. Chartered Feb. 27, 1897, as successor to the Kentucky Midland Ry. Co., whose
property was sold under foreclosure on Jan. 4, 1897. (See MANUAL for 1897, page 183.) New company assumed
possession March 1, 1897. Locomotives, 4. Cars — passenger, 3 ; baggage, etc., 1 — total, 4. Of this equipment 1
locomotive and 2 passenger cars are leased.
Operations, year ending June 30, 1901.— Trains run (passenger, 50,880; freight, 26,040), 76,920 miles.
Passengers carried, 55,907 ; carried one mile, 887,229. Tons freight moved, 92,859 ; ton-miles, 1,824,034. Earn-
ings (passenger, $19,841 ; freight, $54,295 ; other, $4,640), $78,776. Operating expenses, $64,450. Net earnings,
$14,326. Payments : Interest on bonds, $6,400 ; taxes, $2,384, permanent improvements, $1,184— total, $9,968.
Surplus, $4,358.
Financial Statement, June 30, 1901.— Capital stock ($25 shares), 840,000 ; funded debt outstanding
(1st 4* of 1923, $200,000 auth.), $160,000— total stock and bonds, $200,000.
Directors (elected Aug. 19, 1901).— George B. Harper, C. Bowles, J. R. Newton, A. D. Martin, D. W. Lind-
sey, Jr., Frankfort, Ky.; W. O. Carrick, Georgetown, Ky.; John T. Hinton, Paris, Ky. OFFICERS: GEO. B.
HARPER, Pres.; Claude Bowles, Treas.; D. W. Lindsey, Jr., Sec., Frankfort, Ky. GENERAL OFFICE, Frank-
fort, Ky.
GULF AND CHICAGO RR.— Middleton, Tenn., to Pontotoc, Miss.. 62.5m.; total track, 64.5 miles.
Gauge, 3 ft. Rail (steel, 29 m.), 35 and 50 Ibs. Organized Aug. 1, 1889 ; purchased at foreclosure sale the Ship
Island, Ripley and Kentucky RR., Middleton, Tenn., to Ripley, Miss., 25m., and the Northern division of the
Gulf and Ship Island RR., Ripley to Pontotoc, Miss., 37 miles. (For history of the former company, see MANUAL
for 1891, page 519.) Locomotives (leased, 1), 5. Cars— passenger, 5 ; baggage, etc., 2 ; freight (box, 16 ; stock, 2 ;
flat, 25), 43 : caboose, 1— total, 51. Also 1 pile driver.
Operations, year ending June 30, 1901.— Earnings (passenger, $17,405 ; freight, $54,069), $71.474. Operat-
ing expenses, 841,998. Net earnings, $29,476. Payments: Dividends (6 p. c.), $24,000; other deductions,
$2,115— total, §26,115. Surplus, $3,301.
General Balance Sheet, June 30, 1898 (latest rendered).— Capital stock ($100 shares), $400,000; profit
and loss, $1,009— total, $401,009. Contra : Cost of road and equipment, $257,000 ; other investments, $143,000 ;
cash and current assets, $1,009— total, $401,009.
Directors.— J. W. T. Falkner, N. G. Carter, L. D. Hines, A. E. Davis, W. B. McLean. Ripley, Miss. OFFI-
CERS : J. W. T. FALKNER, Pres.; N. G. Carter, Vice-Pres.; A. E. Davis, Sec.; M. C. Falkner, Treas., Ripley,
Miss. GENERAL OFFICE, Ripley, Miss.
HARRIMAN AND NORTHEASTERN RR.— Harriman June, to Petros, Tenn., 19.7m.; total
track (steel ; 60 Ibs.), 26 miles. Gauge, 4 ft. 8J in. Chartered Dec. 4, 1895. as successor to the Harriman Coal
and Iron RR. Co., whose property was sold under foreclosure July 22, 1895. (See MANUAL for 1899, page 520.)
Locomotives, 3. Cars— passenger, 2 ; freight (coal), 103— total, 105. 100 of the coal csirs are held under car trusts.
Operations, year ending June 30, 1901.— Earnings (passenger, $3,798 ; freight, $60.244 ; other, $9,097),
$73,739. Operating expenses. $43,017. Net earnings, $30,722. Payments : Interest on bonds, $16,439 ; taxes,
$6,44} ; car trust payments. $4,500— total, $27,383. Surplus, $3,339.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock (S100 shares), $600,000; funded
debt (1st gold us of Jan. 1, 1910), $300,000— total, $900,000. Contra: Cost of road and equipment, $5W,3JO: real
estate, $30,000; materials, etc., $1,250 ; cash and traffic balances, $6,811. The bonds are redeemable at par after
Jan. 1, 1901.
Directors.— D. B. Coltrane, Concord, N. C.; Horace M. Carr, J. D. Roberts. Harnman, Tenn.; Bird M.
Robinson, Wm. Beverly Winslow, Win. Hepburn Russell, New York, N. Y.; H. M. Wiuslow, Carrolltou, Ky.;
W. A. Wimbish, Atlanta, Ga.; L. S. Freeman, Middleport, N. Y. OFFICERS: BIRD M. ROBINSON, /••»-.«.. • Henry
E. Rodes, Gen. Mgr., Harriman, Tenn.; Wm. Beverly Winslow, Sec. & Treas., 253 Broadway, New York, N. Y.
GENERAL OFFICE, Harriman, Tenn.
HOYT & WOODIN MFG. CO'.S RR.-Minter City, Tenn., to property of Hoyt & Woodin Mfg. Co.,
9 miles. Gauge, 4 ft. 8J- in. Rail (steel), 56 Ibs. Operated in connection with lumber manufacturing interi'.-ts of
the Hoyt & Woodin Mfg. Co. Chartered May 18, 1900. The company owns 1 locomotive and 13 freight cars.
Capital stock, $50,000.
Directors.— John Sherman Hoyt, Wm. H. Woodin, John F. Woodin, Foster H. Woodin, L. G. Hagenbuck,
Jersey City, N. J. OFFICERS: JOHN SHERMAN HOYT, Pres.; Win. H. Woodin. Vicf-Pren.; L. G. Hagenbuck,
Sec. <fc Treas.; Foster H. Woodin, Supl., Jersey City, N. J.; W. H. Martz, Pitrch. Agt., Memphis, Tenn. GEN-
ERAL OFFICE, Memphis, Tenn.
JELLICO, BIRD-EYE AND NORTHERN RY. -Halsey, Ky., to Jellico, Tenn., 7.4 miles.
Gauge, 4 ft. 8i in. Operated by the Whitley Coal Co., and operations included in the accounts of that company.
POOR'S MANUAL OF RAILROADS. 299
Used for hauling coal from the Whitley mines at Halsey, Ky., to Jellico, Tenn. Capital stock ($100 shares), $100, •
Directors.— Attilla Cox, Louisville, Ky.; John B. Atkinson, Earlington, Ky.; James 8. Pittle, H. V. San-
dciv. W. W. Hill, L. W. Bolts, E. T. Halsey, Louisville, Ky. OFFICERS : ATTILLA Cox, Pres., Louisville, Ky.;
John B. Atkinson, Vice-Pres., Earlington, Ky. ; Columbia Finance and Trust Co., Treas.; L. W. Botts, Sec., Louis-
ville, Ky. GENERAL OFFICE, Halsey, Ky.
KENTUCKY AND INDIANA BRIDGE AND RR. (THE).-Louisville,Ky., to New Albany
Ind 3.03 m.; branch line in Louisville, Ky., 5.42 m.— total lines owned, 8.45 miles. Gauge, 4 ft. 8i in. Rail
(steel), GO and 75 Ibs. Chartered Aug. 8, 1900. Successor, after foreclosure sale, to the Kentucky and Indiana
Bridge Co. (See MANUAL for 1899, page 520.) The property was acquired subject to $1.000,000 K. & I. B. 1st gold
5s of March 1, 1911, int. M. & S., in Louisville, Ky. The new company comprises the Kentucky and Indiana
Bridge Co., the Louisville Belt Line, New Albany and Portland Ferry and Louisville and New Albany Electric
Line. Capital stock ($100 shares), $75,000. A mortgage has been made to the Standard Trust Co. of New York,
N Y and Noble C. Butler, of Indianapolis, Ind., to secure an issue of Istconsol. mtge. 4 p. c. 50-yr. gold bonds,
amounting to §2,500,000, due April 1, 1950, interest April and Oct., at the Standard Trust Co., New York, N. Y.
Bonds amounting to $1,000,000 are reserved for the retirement of the 1st mtge. bonds referred to before, and
$500,000 additional for improvements and betterments. The capital stock is owned, one-third each, by the So_uth-
ern Ry. Co., the B. & O. Southw. RR. Co., and the Chicago, Indianapolis and Louisville Ry. Co. Locomotives,
9 Cars— passenger, 1G ; freight (flat), 3 ; service, 5— total, 24. Also 1 ferryboat.
Operations, year ending June 30, 1901.— Earnings (passenger, $5!),521 ; freight, $4,670 ; other, $151,590),
$215,781. Operating expenses, $238,529. Deficit from operation, $22,748. Total deduction, $122,964. Deficit for
Year $145 712
'Directors (elected Oct. 1, 1901).— W. M. Greene, Judson Harmon, Cincinnati, O.; H. B. Spencer, St.
Louis, Mo.; W. H. McDoel, Chicago, 111.; E. F. Trabue, Alex. P. Humphrey, Louisville, Ky. OFFICERS : W. H.
McDoEL, Pres., Chicago, 111.; W. M. Greene, Vice-Pres., Cincinnati, O.; B. S. Josselyn, Gen. Mgr.; H. W. Heaz-
litt, Sec. & Treas., Louisville, Ky. GENERAL OFFICE, Louisville, Ky.
KINGSTON AND CENTRAL MISSISSIPPI RY.-Projected : Memphis, Tenn., to Mobile,
Ala , 400 miles. Completed to Feb. 15, 1902 : Laurel to Bay Springs, Miss., 25 miles. Gauge, 3 ft. Rail (steel),
60 Ibs. Locomotives, 5. Cars— passenger, 2 ; baggage, etc., 1 ; freight, 22 ; other, 6— total, 36. Chartered March
5, 1901, and purchased the Kingston Lumber CO.'B road. The lumber company built the extension to Bay Springs
under an agreement that it should receive $15,000 per mile in capital stock at par. Capital stock authorized,
$5,000,000. Under date of June 30, 1902, the MANUAL was notified by this company that its roadbed, rights of
way, etc., had been sold to the Mobile, Jackson and Kansas City Ry. Co.
Directors.— E. K. Stallo, New York, N. Y.; E. D. Peirce, F. Lampe, L. L. Denison, W. B. Rogers, T. G.
McCallum, F. W. Pettibone, Laurel, Miss. OFFICERS: L. L. DENISON, Pres., Laurel, Miss.; E. K. Stallo, Vice-
Pres., New York, N. Y.; F. W. Pettibone, Treas.; T. G. McCallum, Sec.; Geo. Beckner, Supt. & Chief Eng.,
Laurel, Miss. GENERAL OFFICE, Laurel, Miss.
KNOXVILLE AND BRISTOL RY.— Morristown to Corryton, Tenn., 39.60 m.; total track (steel ;
60 lbsjf 41.60 miles. Gauge, 4 ft. 8j in. Locomotives, 2. Cars— passenger, 3 ; freight (box, 3 ; flat, 4), 7— total, 10.
Organized in April, 1898, as successor to the Morristown and Cumberland Gap RR. Co., whose property wus sold
under foreclosure on Feb. 19, 1898. (See MANUAL for 1898, page 189.) Arrangements have been made for extending
the road from Blaiue to Knoxville and from Bean Station to Bristol. When completed, the line will extend from
Knoxville to Bristol, 115 miles, with branches from Bean Station to Morristown, 11 miles, and from Blaine to
Corryton, 6 miles. The entire line will be laid with 80-lb. steel rails. Capital stock authorized, $1,000,000. A
new mortgage will provide for an issue of bonds to an amount not exceeding $20,000 per mile. Trustee of bonds :
Security and Trust Co., Camden, N.'J.
Directors.— H. J. Braker, A. Dutenhofer, Peter Bell, New York, N. Y.; B. J. Woodward, Arthur Kitson,
F. D. Graham, Philadelphia, Pa.; J. B. Foster, Westerly, R. I. OFFICERS : H. J. BRAKEB, Pres., 100 William
St., New York, N. Y.; H. M. Aiken, Vice-Pres. & Gen. Mgr., Morristown, Tenn.; J. B. Foster, Treas., Westerly,
R. I.; Geo. M. Bailey, Sec., New York, N. Y.; P. H. Pouder, And. & Asst. Treas., Morristown, Tenn. GENERAL.
OFFICE, Morristown, Tenn. Eastern Oflice, 20 Broad St., New York, N. Y.
LA FAYETTE RY.— La Fayette to Opelika, Ala., 22m.; total track (steel ; 40 and 60 Ibs.), 23 miles.
Gauge, 4 ft. 8i in. Organized Sept. 13, 1895 ; chartered Sept. 19, 1895 ; road opened July 4, 1896. Locomotives
(1 leased), 2. Cars— passenger, 2 ; combination, 1 ; freight (box, 10 ; flat, 4), 14— total, 17.
Operations, year ending June 30, 1901.— Earnings (passenger, $7,950 ; freight, $24,096 ; other, $1,788),
$33,834. Operating expenses, $22,999. Net earnings, $10,835. Total deductions, $5,384. Surplus, $5,451.
debt
sundries, $4,527— total, $123,1887 The"bonds are payable $4,000 on the 1st of Jan. each year. Trustee:" J. C.
Griflftn, La Fayette, Ala.
Directors.— G. E. McGehee, Chas. Schuessler, J. C. Griffin, G. E. Burnett, M. W. Allen, L. S. Schuessler,
J. M. Tucker, A. J. Driver, W. B. Wood, La Fayette, Ala. OFFICERS : G. E. MCGEHEE, Pres. &. Gen. Mgr. ;
Chas. Schuessler, Vice-Pres. ; G. E. Burnett, Sec.; J. C. Griflin, Treas., La Fayette, Ala. GENERAL OFFICE, La
Fayette, Ala.
LEXINGTON AND EASTERN RY.— Lexington to Jackson, Ky., 92.54 m. ; trackage, C. & O. Ry.,
Netherland to Lexington, Ky., 1 m.— total, 93.54 m. ; sidings, 19.13 miles. Gauge, 4 ft. 9 in. Rail (steel, 111.67
m.), 63 Ibs. Successor, Oct. 13, 1894, to the Kentucky Union Ry. Co. (See MANUAL for 1894, page 201.) Loco-
motives, 10. Cars— passenger, 9 ; baggage, 4 ; freight (box, 127 ; flat, 94 ; coal, 113), 334 ; other, 34— total, 381.
Operations, year ending June 30, 1901.— Trains run (passenger, 124,411 ; freight, 70,756 ; other, 15,960),
211,127 miles. Passengers carried, 127,532 ; carried one mile, 3,044,908. Tons freight moved, 233,729 ; ton-miles,
12,418,207. Earnings (passenger, $74,029; freight, $268,550; other, $15,302), $357,881. Operating expenses,
$221,037. Net earnings, $136,844; other receipts, $1,397— total, $138,241. Payments: Interest on bonds, $50,000;
taxes, $6,000 ; other charges, $24,437— total, $80,437. Surplus, $57,804 ; surplus forward, $52,892-total, $110,696.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000 ; funded debt, $2,500,-
000; contingencies account, $28,170; current liabilities, $17,723; accrued interest, $25,000; accrued taxes,
$5,418; appropriation for equipment, $4,123; profit and loss, $110,696— total. $3,191,130. Contra: Cost of road
and equipment, $3,008,643 ; securities owned, $87,000 ; materials, etc., $23,255 ; cash and current assets, $72,232 —
total, $3.191,130.
Funded debt outstanding on June 30, 1901, consisted of $1,000,000 1st gold 5s of Jan. 1, 1900, and $1,500,000
gen. 5s of Feb. 1, 1935. The 1st mtge. bonds matured on Jan. 1, 1900, and on the same date interest on the gen.
mtge. bonds, previously payable only if earned, became a fixed charge. The company being unable to meet both
the principal of the 1st mtge. bonds and the interest on the gen. mtge. bonds, made default on the latter. An
agreement for the readjustment of the affairs of -the company, without foreclosure, was reached on Nov. 23,
1901, the substance of which is as follows :
First Mortgage Bonds.— These have been extended to July 1, 1911, at the same rate of interest, the com-
300 POOR'S MANUAL— GULP AND MISSISSIPPI VALLEY GROUP.
pany retaining the right, however, to redeem any or all of them at any time after Dec. ,31, 1901, at not exceeding
102 p. c. and interest. Any bonds thus redeemed shall be cancelled and gen. mtge. bonds for equal amount* nwv
be issued in place of them. The Readjustment Managers reserved the right, however, to cau>-e to be paid oft
at par and interest so many of the outstanding 1st mtge. bonds as in their judgment could be safely paid by the
appropriation of any money in the company's treasury. Bonds amounting to $150,000 have been t-o retired.
General Mortgage Bonds.— The holders of these agreed to waive ail interest on their bonds up to Aug. 1,
1901, and to accept thereafter interest at the rate of 2 p. c. a year for the first five years and 3 p. c. a year for the
next five years, the full rate of 5 p. c. a year to be resumed from Aug. 1, 1911. In consideration of such wniver
the bondholders are to receive deferred debentures for the difference between 5 p. c. and the amount of interest
accruing after Aug. 1, 1901, or say $250 per $1,000 bond. The debentures shall be payable without interest at
such time as the company may decide, but they shall become immediately payable in case any dividend is
declared upon the stock. At the option of the company they may be paid either in cash or in gen. mtge. bonds
carrying the next maturing installment of interest.
Directors (elected Oct. 1, 1901).— Arthur Cary, Geo. Copland, Jere R. Morton, J. Rogers Barr, Lex-
ington, Ky.; Robert E. Tod, New York, N. Y. OFFICERS: ROBERT E. Tou, Pre.s., New York, N. Y.; <;«>.
Copland, Vice-Pres., Treas. <& And. ; J. Rogers Barr, Gen. Mgr. & Chief Eng.; Arthur Cary, Sec. rf- Got. Solici-
tor, Lexington, Ky. GENERAL OFFICE, Lexington, Ky.
LICKING RIVER RR.— Salt Lick to Cave Branch, Ky., 21 miles. Rail (steel), 20, 25 and 40 Ibs
Gauge, 3 ft. Organized Nov. 15, 1899, as successor to the Licking Valley RR., whose properly was sold under
foreclosure on Oct. 24, 1899. (See MANUAL for 1899.) The extension from Yale to Salt Spring, 8 miles, was
opened in Jan., 1900 ; extended to Cave Branch (1± miles) in 1901. Locomotives, 4. Cars— passenger, 1 ; freight
(flat, 23; log, 18 ; caboose, 1). 47— total, 48.
Operations, year ending June 30, 1901.— Trains run (mixed), 28,800. Passengers carried, 6,714; carried
one mile, 55,72l>. Tons freight moved, 22,966; ton-miles, 257,219. Earnings (passenger, $1.615; freight. si\-
627), $20,242. Operating expenses, $17,832. Net earnings, $2,411. Paid taxes, $500. Surplus, $1,911 ; surplus
forward, $2,206— total, $4,117.
General Balance Sheet, June 30, 1901. -Capital stock (§50,000 auth.; $100 shares), $30,000; funded
debt (no particulars furnished), $50,000 ; profit and loss, $4,117— total, $84,117, representing cost of road and
equipment.
Directors (elected Jan. 8, 1902).— Henry Heywood, Louis E. Carlton, Gardner, Mass.; Chas. H. Lang. Jr.,
Melrose, Mass. ; E. W. Strack, J. W. M. Stewart, Ashland, Ky. OFFICERS : HENRY HETWOOD, Pres., Gardner,
Mass.; J. W. M. Stewart, Sec.; E. W. Strack, Treas., Ashland, Ky. GENERAL OFFICE, Yale, Ky.
LOOKOUT POINT INCLINE CO.— St. Elmo, Tenn., to Natural Bridge, 2.75 miles. Rail (steel), 25
and 45 Ibs. Gauge, 3 ft. Chartered March 21, 1898. Successor to Lookout Mountain Incline Ry. Co. (see MANUAL
for 1897, page 183). Locomotives, 2. Cars— passenger, 4 ; baggage, etc., 1 ; freight (flat). 1— total, 6. Capital stock
($100 shares), $20,000; funded debt (1st 6s of 1908), $30,000-total stock and bonds, S50.000.
Directors.— H. Clay Evans, Washington, D. C.; L. E. Montague, T. G. Montague, C. R. Evans. D. P. Mon-
tague, Chattanooga, Tenn. OFFICERS : H. CLAY EVANS, Pres., Washington, D. C.; L. E. Montague, Vice-Pres.
& Gen. Mgr.; T. M. Derickson, Gen. Supt., Chattanooga, Tenn. GENERAL OFFICE, Chattanooga, Tenn. 0
LOUISIANA AND NORTHWESTERN RR.— Projected : Alexandria to St. L., I.M. & S. RR.,
in Arkansas, 225 miles. Completed up to June 30, 1901 : Magnolia, Ark., to Bienville, La. ,72. Om.; leased ,SY. ].. .y.
W. Ry., Magnolia to McNeil, Ark., 6.04 m.— total, 78.04 miles. Sidings, etc., 2.C5 miles. Gauge, 4 ft. 8$ in. Rail
(steel), 56 and 60 Ibs. Chartered Jan. 1, 1895, as successor to the Louisiana North and South RR. Co. (See
MANUAL for 1900, page 455.) Extension from Homer, La., to Magnolia, Ark., 36m., opened in Nov., 1868. The
Magnolia branch of the St. Louis Southwestern Ry., from Magnolia to McNeil, Ark., 6.04 m., is leased for 50
years from Aug. 1, 1898, at a rental of $3,960 per annum. The lease of the road to J. D. Beardsley, referred to in
the MANUAL for 1900, was abrogated on May 5, 1898. Locomotives, 5. Cars— passenger, 4 ; freight (box, 2 ; flat,
22), 24 ; service, 1— total, 29.
Operations, year ending June 30, 1901.— Earnings (passenger, $27,647 ; freight. $03,799 ; other, $2.243),
$122,689. Operating expenses, $60,507. Net earnings. $62,182. Total deductions, $14,696. Surplus, $47,487.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($3,000,000 auth.; $100
shares), $215,891 ; funded debt (1st gold 5s of Jan. 1, 1945), $100,000 ; accrued interest and current liabilities,
$344,028 ; profitand loss, $52,028— total, $711,946. Contra : Cost of road and equipment, $662,742 ; materials, etc.,
$7,726 ; cash and current assets, $41,479— total, $711,946.
Directors.— Thos. Wright, L. U. Blackmer, St. Louis, Mo.; C. O. Ferguson, J. A. Richardson. Homer,
La.; J. D. Beardsley, Gibsland, La. OFFICERS: THOS. WRIGHT, Pres., St. Lonis, Mo.; J. A. Richardson, Vice-
Pres.; J. S. Richardson, Sec., Homer, La.; C. H. Beardsley, Treas.; J. D. Beardsley, Gen. Mgr.; E. G. Beach,
Aud., Gibsland, La. GENERAL OFFICE, Gibsland, La.
LOUISIANA SOUTHERN RY.— New Orleans to Belair, La., 29.2 m. ; Poydras to Shell Beach,
La., 16 m.— total, 45.2 in. ; total track (steel ; 56 Ibs.), 53.7 miles. Gauge, 4 ft. 9 in. Organized as successor to the
New Orleans and Southern RR. Co., whose property was sold under foreclosure on Oct. 26, 1896. (See MANUAL
for 1899, page 522.) Locomotives, 6. Cars— passenger, 7 ; combination, 2 ; freight (box, 36; cane, 115), 151 —total
cars, 160.
Operations, year ending June 30, 1901.— Earnings (passenger, $14,267; freight, $61,105; other, $16,408),
$91,780. Operating expenses, $52,516. Net earnings, $39,264. Payments : Interest on bonds, $12,500 ; other
interest, $811; taxes, $5,234; other charges, $1,208— total, $19,813. Surplus, $19,451.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $300,000; funded debt (1st gold 5s
of March 1, 1950), $250.000; current, liabilities, $96,373— total, $646,373. Contra : Cost of road and equipment,
$619,592; materials, etc., $4,296; cash and current assets, $22,485— total, $646,373.
Directors.— E. A. Hopkins, E. A. King, D. Slater, E. D. St. Clair, London, Eng. OFFICERS : E. A. HOPKINS,
Pres. ; S. Gibbs, Sec. & Treas., London, Eng.; P. Campbell, Gen. Mgr., New Orleans, La. GENERAL OFFICE,
New Orleans, La.
LOUISVILLE AND ATLANTIC RY.— Versailles to Millers Creek, Ky., 66.76m.; Beattyville to
Beattyville June., Ky., 6.0 m.— total, 72.76 m.; total track (steel ; 60 Ibs.), 80.54 miles. Gauge, 4 ft. 8J in. Char-
tered in July, 1899, and on Sept. 20, 1899, succeeded to the property of the Richmond, Nicholasville, Irvine and
Beattyville RR. Co., sold under foreclosure on May 1, 1899. (See MANUAL for 1899, page 845.) On July 1, 1900,
the Beattyville and Cumberland Gap RR. Co., owning the line from Beattyville to Beattyville Junction, Ky.,
was consolidated with this company. (See MANUAL for 1900, page 451.) Six miles new track, from Irvine to
Millers Creek, was opened March, 1901. The continuation of the road from Millers Creek to Beattyville, under
construction at the close of the fiscal year, was expected to be ready for operation by March, 1, 1902. Locomo-
tives, 5. Cars— passenger, 5 ; baggage, etc., 1; freight (box, 1; flat, 13; coal, 7), 21 ; service, 2— total, 29.
Operations, year ending June 30, 1901.— Trains run (passenger. 02,524; freight, 28,750: mixed, 18,604),
109,884 miles. Passengers carried, 45,509 : carried one mile, 1,026,227. Tons freight moved, 132,500. Earnings
(passenger, $28,670 ; freight, $97,403 ; other, $5,787), $131,860. Operating expenses, $81.424. Net earnings,
$50,436. Payments : Interest on bonds, $27,185 ; taxes, $3,100 ; discount on bonds, $75,000— total, $105,285.
Deficit, $54,849; surplus forward, $8,837; net deficit, $46,012.
POOR'S MANUAL OF RAILROADS. 301
General Balance Sheet, June 30, 1901.— Funded debt (1st 6s of Sept. 1, 1949), $500,000; current
liabilities, $15,563— total, $515,563. Contra: Cost of road and equipment, $456,173; materials, etc., $573; cash
j.iid current assets, 812,806; profit and loss, $46,012— total, $515,568.
Financial Statement, June 30, 1901.— Capital clock ($100 shares), $1,000,000. The authorized amount
of bonds is $1,000,000. In June, 1900, this company borrowed $420,000 and pledged $600,000 of its 1st mtge.
bond* us collateral. With the proceeds of this loan, it paid the original purchasers $250,000, representing the
cosi of the main line ; also $145,000 for the entire issue of the stock and bonds of the Beattyville and Cumberland
Gap IIR. Co. (which have been cancelled); the balance was held as a fund for construction.
Directors.— James P. Amsden, John L. Amsden, Ed. M. Wallace, Robert Wallace, Versailles, Ky.; A. E.
Richards, D. W. Panleigh, Louisville, Ky.; G. W. Gourley, Beattyville, Ky.; Thos. W. Sennott, Wenonah, N. J.;
John Sparkhnwk, Jr., Philadelphia, Pa. OFFICERS : JAMES P. AMSDKN, Pies.; John L. Amsden, Treas.; Ed.
M. Wallace, Sec.; C. M. Browning, Gen. Mgr.; V. M. Nourse, Autl., Versailles, Ky. OFFICE, Versailles, Ky.
MAMMOTH CAVE RR.— Glasgow June, to Mammoth Cave, Ky., 8.75 miles. Gauge, 4 ft. 9 in. Rail
(steel ). 50 Ibs. Locomotives, 2. Cars (passenger), 2. Chartered in 1874 ; road opened Nov. 17, 1880. Operated
by the Louisville and Nashville RR. Co., until a receiver was appointed, Aug. 12, 1S1I5. Sold under foreclosure on
March 7, 1808, and purchased for $16,000 by the president of the company, J. Hill Eakin, Nashville, Tenn. The
road is still operated by the receiver pending reorganization. Gross receipts for year ending June 30, 1901,
$7.095. Operating expenses, $5,288. Net earnings, $2,407. J. A. McGoomviN, Jiec., Franklin, Ky. ; E. H.
Mentz, Mgr., Glasgow June., Ky.
MANSFIELD BY. AND TRANSPORTATION CO.-Mansfleld, La., to T. & P. June., 2m.;
total track (iron: 56 Ibs.), 2.10 miles. Gauge, 4 ft. 8k in. Chartered Feb. 16, 1881; road opened Jan. 1,1882.
Locomotive,!. Care— passenger, 1 ; baggage, etc., 1. Operations temporarily suspended.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $14,500 ; real estate mortgage,
$4.000; current liabilities. $2,500; interest and taxes accrued, $456— total, $21,456. Contra: Cost of road and
equipment, $17,500; materials, etc., |500; cash on hand, $1,000— total, $19,000.
Directors (elected May 6, 1901).— A. F. Jackson, W. T. Pesjuese, S. G. Sample, C. E. Jenkins, J. R. Brown,
Mansfield, La. OFFICERS: A. F. JACKSON, Pres. & Gen. Mgr.; W. T. Peguese, Vice-Pres.; S. G. Sample, Treas.;
J.C. Yarbrough, Sec., Mansfield, La. GENERAL, OFFICE, Mansfield, La.
MOBILE, JACKSON AND KANSAS CITY RR.-Mobile, Ala., to Merrill, Miss., 50m.; total
track (steel; 60 Ibs.), 55.75 miles. Gauge, 4 fi. 8^ in. Consolidation, in 1899, of the Mobile, Hattiesburg and Jack-
son RR. Co. of Alabama and the Hatliesburg and Jackson RR. of Mississippi. Road opened from Mobile to
Men-ill on July 1, 1898. . An extension from Merrill to Hattiesburg, Miss., a distance of 47 miles, was opened for
traffic in Feb.. 1902. See GENERAL INDEX for Kingston and Central Mississippi Ry. Locomotives, 5. Cars-
passenger, 3; freight (box, 15; flat, 100), 115; service, 16— total, 134.
Operations, year ending June 30, 1901.— Trains run (passenger, 36,500; freight, 4,920; mixed, 31,300; other,
16,200), 88,920 miles. Passengers carried, 36,991; carried one mile, 954,076. Tons freight moved. 101,844; ton-
miles, 3,528,260. Earnings (passenger, $28,346 ; freight, $107,840 ; other, $4.544), $140,730. Operating expenses
and taxes, $04,457. Net earnings, $76,272. Payments not reported. According to the report made to the Inter-
state Commerce Commission, for the same fiscal year, gross earnings amounted to $140,467; net earnings to
$80,213; and surplus over all deductions to $29,115.
General Balance Sheet, June 30, 1901.— Capital stock ($4,000,000 auth. ; $100 shares), paid in, $1,000,000;
funded debt (1st 5s of June 1, 1946), $1.000,000; bills payable, $16,424; current liabilities, $6,588; interest accrued,
not due, $4,167; profit and loss, $52,745— total, $2,079,924. Contra: Cost of road and equipment, $2,052,601;
materials, etc., $7,834; cash. $10,379; current assets, $3,111— total, $2,079,924. The authorized amount of 1st
mtge. bonds is §4,000,000, at the rate of not exceeding $30,000 per mile of main line and branches. The bonds
carry the privilege of registration as to principal only, and are not subject to redemption by sinking fund.
Directors.— J. W. Whiting, F. B. Merrill, E. O. Zadek, Joseph C. Rich, J. D. Stone, W. O. MacMahon,
J. L. Rapier, W. H. Mclntosh, H. H. Lane, Mobile, Ala. ; W. D. Stratton, J. T. Odell, New York, N. Y.
OFFICERS : F. B. MERRILL, Pres. & Gen. Mgr.; W. H. Mclntosh, Vice-Pres.; H. H. Lane, Sec. <& Treas., Mobile,
Ala. GENERAL OFFICE, Mobile, Ala.
MOSS POINT AND PASCAGOULA RR.— Moss Point to Pascagoula, Miss., 6 m. ; total track
(steel), 7 miles. Gauge, 4 ft. 9 in. Chartered Aug. 24, 1894 ; road opened as above, May 1, 1895. Locomotives, 2.
Cars— passenger, 3 ; baggage, etc., 1— total, 4. Other equipment supplied by the L. & N. RR. Co.
Operations, year ending June 30, 1901.— Gross earnings (passenger, $4,616; freight, $6,416), $11,032.
Operating expenses, $8,791. Net earnings, $2,241. Deductions, $897. Surplus, $1,344.
General Balance Sheet, June 30. 1898 (latest obtainable).— Capital stock ($100 shares), $50,000 ; funded
debt, $40,000 ; profit and loss, $1,277— total, $91,277. Contra : Cost or road, $90,000 ; cash and current assets,
$1,277— total, $91,277.
Funded debt is notdescribed in detail. The Farmers' Loan and Trust Co., of New York, is trustee under the
mortgage. In the Chancery Court at Scranton, Miss., a bill was filed in Jan., 1897, to set aside the mortgage on
the ground that it was fraudulent and void. The bonds were issued but never sold. They are held by the stock-
holders of the company.
Directors.— J. W. Stewart, O. Randall, C. H. Wood, A. S. Denny, A. P. Denny, L. N. Dantzler, Jr., J. K.
McLeod,'Moss Point, Miss. OFFICERS : J. W. STEWART, Pres.; O. Randall, Vice-Pres.; C. H. Wood, Sec. <&
Treas.; A. P. Cassils, Mgr., Moss Point, Miss. GENERAL OFFICE, Moss Point, Miss.
NASHVILLE AND KNOXVILLE RR.— Lebanon to Monterey, Tenn., 79 m. ; Junction to
Carthage, Tenn., 7.8 m.— total, 86.8 miles. Sidings, 3.5 miles. Gauge, 4 ft. 9 in. Rail (steel), 60 Ibs. Char-
tered March 24, 1884 ; road completed in 1894. (See MANUAL for 1894, page 192.) Extension from Monterey to the
coal fields of Overton and Fentress counties is projected. An agreement was made early in 1901 for the lease of
this road for 99 years to The Tennessee Central Ry. Co. (see GENERAL INDKX), the lease to become effective upon
the completion by The Tennessee Central Ry. Co. of an extension from Lebanon to Nashville, Tenn., including
i erminals at and in Nashville. Locomotives, 6. Cars— passenger, 5 ; baggage, etc., 2 ; freight (box, 6- flat 23 •
coal, 35), 64— total, 71.
Operations, year ending June 30, 1901.— Trains run (passenger, 36,970: mixed, 48,440; other, 1,250),
86,665 miles. Passengers carried, 53,015 ; carried one mile, 1,749,495. Tons freight moved, 59,146 ; ton-miles,
1,951,818. Earnings (passenger, $41,687; freight, $98,044 ; other, $9,149), $148,881. Operating expenses, $510,208.
Net earnings, $58,583 ; receipts from sale of bonds, $125,000— total, $183,583. Payments: Interest on bonds, $9,750;
taxes, $7,262 ; construction account, $119,050— total, $136,062, Surplus, $47,521.
General Balance Sheet, June 30, 1901.— Capital stock ($500,000 auth.; $100 shares), $378,000; funded
debt (1st 6s of May 1, 1918, $2,000,000 auth.), $1,737,000 ; current liabilities, $45,139 ; accrued interest, $623,210—
total, $8,778.849. Contra : Cost of road and equipment, $2,224,624 ; bills receivable, $38,000 ; cash and current
assets, $120,961 : profit and loss, $394,764— total, $2,778,349.
Directors.— A. J. Crawford, Terre Haute, Ind.; H. A. Crawford, St. Louis, Mo.; John L. Crawford, L. 8.
Hoyt, J. A. Crawford, New Castle, Pa. OFFICERS: A. J. CRAWFORD, Pres., Terre Haute, Ind.; H.A.Crawford,
Vice-Pres., St. Louis, Mo. ; J. A. Crawford, Sec. & Treas., New Castle, Pa. ; T. W. Stewart, Supt., Cookville, Tenn.
GENERAL OFFICE, Lebanon, Tenn.
302 POOR'S MANUAL — GULF AND MISSISSIPPI VALLEY GROUP.
NASHVILLE AND SPARKS BB.— Sparks to Nashville, Ga., 12 miles. Gauge, 4 ft. 8i in. Rail
(steel), 40 and 60 Ibs. Chartered March 18, 1900; road was in operation March 30, 1901. Locomotives, 2. Cars —
passenger, 2; other, 10— total, 12. Capital stock ($100 shares), $30,000.
Directors.— A. C. Felton. Jr.,M. H.Massee, Macon, Ga.; M. G. Davis, S. G. Etheridge, Sparks, Ga.; P. W.
Camp, Massee, Ga.; H. B. Peeples, Nashville, Ga. OFFICERS: A. C. FELTON, JR.. Pres.; M. H.Massee, Vice-Pres.,
Macon, Ga.; M. G. Davis, Sec. <& Treas. ; P. W. Camp, Gen. Supt., Massee, Ga. GENERAL OFFICE, Massee, Ga.
NATCHEZ, COLUMBIA AND MOBILE BB.-Norfleld to MacSmith, Miss., 25m.; trackage,
10 m.— total track (steel; 40 and 56 Ibs.), 37 miles. Gauge, 4 ft. 8i In. Chartered July 17, 1893; road completed
as above in 1898. Extension from Blister's to Columbia, Miss., a distance of 30 miles, is under construction.
Being built in connection with the logging operations of the Butterfleld Lumber Co., of Norfleld, Miss. Locomo-
tives, 3. Cars— freight (box, 4; flat, IS), 40. Tons of freight moved 1900-01, 102,000.
Directors.— J. S. Butterfleld, Frank A. Arend, C. S. Butterfleld, W. W. Bnttcrfield, R. B. Butterfield,
Norfleld, Miss.; Geo. B. Bnrch, Dubuque, la. OFFICERS: J. S. BUTTERFIELD, Pi-es.; C. S. Butterfleld, Vice-
Pres.; Frank A. Arend, Sec.; W. W. Bntterfleld, Treas., Norfleld, Miss. GENERAL OFFICE, Norfleld, Miss.
NATCHEZ, BED BIVEB AND TEXAS BB.— Vidalia to Black River, La., 25.5 m.; total track
(steel; 35 Ibs.), 26.5 miles. Gauge. 3 ft. Chartered in 1887. (For history, see MANUAL for 1892.) The road was
sold under foreclosure on March 13, 1897, and was bid in by the estate of Joseph P. Hale, New York, N. Y. Loco-
motives, 2. Cars— passenger, 1 ; freight (box, 14 ; flat, 11), 25— total, 26. Cost of road, etc., June 30, 1898, about
$350,000. All information as to the present status of t/te company refused. (See MANUAL for 1897, page 185.)
Operations, year ending June 30, 1900.— Earnings (passenger, $3,906 ; freight, $17,763 ; other, $1,093),
$22., 762. Operating expenses, $22,079. Net earnings, $683.
Directors.— Hugh Porter, Henry A. O'Brien, G. W. Debevoise, New York, N. Y.; 8. E. Rumble, C. A.
Gardener, Vidalia, La. OFFICERS : HUGH PORTER, Pres. & Treat., 35 Nassau St., New York, N. Y.; C. A.
Gardener, Vice-Pres., Gen. Mar. & Purch. Agt., Vidalia, La. GENERAL OFFICE, Vidalia, La.
NATCHEZ, URANIA AND BUSTON BY.— Projected : Natchez, Miss., via Urania, La., to
Rnston, La., 122 miles. Completed Jan. 1,1902: Urania to Euterpe, La., 17 miles. Gauge, 4 ft. 8$ in. Rail
(steel), 45 Ibs. Chartered Jan. 1,1899; road completed to Thalia in 1899; to Hinton in 1900; to Euterpe, 1901.
This road is being built by the Urania Lumber Co. and is at present used for logging purposes. Locomotive,
1. Cars, 25. Cost of road and equipment to July 1, 1900, $72,000. Estimated cost of completed road, $960.000.
Directors.— H. E. Hardtner, C. W. Lacroix, Urania, La.; E. J. Hardtner, Pineville, La.; Wm. Edenborn,
New York, N. Y. OFFICERS: H. E. HABDTNER, Pres.; C. W. Lacroix, Vice-Pres. & Supt.; E. J. Hardtner,
Sec, & Treas., Urania, La. GENERAL OFFICE, Urania, La.
NEW ORLEANS BELT AND TEBMINAL CO.— Chalmette to Shrewsbury, La.. 13.63 m.;
branch to Southport, La., 0.95 m.— total, 14.58 m.; total track (steel; 90 Ibs.), 27.26 miles. Gauge, 4 ft. 9 in.
Organized April 9, 1901, to take title to the property of the New Orleans and Western RR. Co. (see MANUAL for
1900, page 1450), which was sold under foreclosure on March 9, 1901. The purchasers assumed the receiver's
certificates and other prior liens. The company owns 5 locomotives, 6 passenger cars, 1 baggage car, 27 flat and
49 box freight cars. Capital stock ($100 shares, full paid), $1,000,000. Funded debt authorized (1st mtge. 5 p. c.
50-yr. gold bonds), $2,000,000; outstanding, $1,000,000.
Directors.— W. C. Dotterer, New Orleans, La.; E. B. Bulkley, M. E. Ingalls, Jr., C. B. Van Nostrand,
Louis L. Stanton, New York, N. Y. OFFICERS : W. C. DOTTERER, Pres., New Orleans. La.; C. B. Van Nostrand,
Vice-Pres., New York, N. Y.; G. McD. Nathan, Sec. & Asst. Treas. ; C. A. Carroll, And., New Orleans, La.
GENERAL OFFICE, Cotton Exchange Building, New Orleans, La. New York Office, 36 Wall St., Manhattan.
NEW OBLEANS, FOBT JACKSON AND GBAND ISLE BB.-New Orleans to Buras, La.,
59.6 m.; Socola June, to Grand Bayou, La., 1.3 m.— total, 60.9 miles. Spur track, 2 miles. Gauge, 4 ft. 8i in.
Road completed in 1891. It is proposed to build an extension from Bnras to Fort Jackson. Connection is made
at Myrtle Grove with steamer for Grand Isle. Locomotives, 6. Cars— passenger, 10 ; baggage, etc., 4 ; freight,
74— total, 88.
Operations, year ending June 30, 1900.— Earnings (passenger, $38,606 ; freight, $65,895 ; other, $3,170),
$107,671. Operating expenses, $90,611. Net earnings, $17,061.
O-eneral Balance Sheet, June 30, 1900.— Capital stock ($487,300 auth.; $100 shares), $243,650 ; funded
debt (1st 5s of July 1, 1921, $425,000 auth.), $410,000— total, $653,650. Contra : Cost of road, $505,048 ; of fixtures,
$148,474 ; profit and loss, $128— total, $653,650.
Directors.— Frank T. Howard, A. Baldwin, A. B. Wheeler, A. Socola, C. H. Hyams, Jr., New Orleans,
La.; H. C. Warmoth, Lawrence, La. ; A. H. Morris. Weptchester, N. Y. OFFICERS : H. C. WARMOTH, Pres.,
Lawrence, La.; Albert Baldwin, Treas. ; James Wilkinson, Sec. ; Frank L. Place, And., New Orleans, La.; J.
S. Landry, Supt., Algiers, La. GENERAL OFFICE, New Orleans, La.
OHIO BIVEB AND CHABLESTON BY.— Johnson City, Tenn., to Caney River, N. C., 33.5 miles.
Gauge, 4 ft. 81 in. Rail (steel), 60$ Ibs. Chartered Nov. 13, 1894, and absorbed companies of the same name in
the States of Virginia, Tennessee, Nortn Carolina and South Carolina, thereby becoming the owner, in addition
to the above line, of 171.40 miles of completed and operated railroad in North Carolina and South Carolina. That
portion of the road was sold nnder foreclosure on Aug. 1, 1898, and reorganized as the South Carolina and Georgia
Extension Ry. (See MANUAL for 1900, pages 412 and 1451). By reason of such sale the authorized capital stock
was reduced from $15,000.000 to $600,000. Capital stock paid in, June 30, 1900 ($100 shares). $551,100. At the
date of this statement grading was completed on extensions from Johnson City, Tenn., to Gate City, Va., 40 m.,
and from Churchport to Minneapolis, Va., 40 miles. Locomotives, 3. Cars— passenger, 1 : combination, 9 ;
freight (box, 20 ; flat, 10 ; coal, 3), 33 ; service, 6— total, 41. This company refuses all information ; for latest
published statistics, see MANUAL for 1901, page 402.
Directors.— Samuel Hunt, Detroit, Mich.; Evans R.Dick, F.J.Lisman, New York, N.Y.: John J. Collier,
W. F. Hirons, Frank Dreisler, Thos. R. Patton, Jr., W. J. Kemerline, Philadelphia, Pa.; Simon Davis, R. M.
Morse, Boston, Mass.; S. J. Kirkpatrick, Johnson City, Tenn. OFFICERS : SAMUEL HUNT, Pres. & Gen. Mgr.,
Detroit, Mich.; Evans R. Dick, Vice- Pres.; John J. Collier, Sec. <fe Treas., Philadelphia, Pa. GENIRAL OFFICES,
Detroit, Mich., and Philadelphia, Pa.
POBTSMOUTH AND TYGKABT VALLEY BB.— Lawton June, to Brinegar, Ky., 6.25 miles.
Rail (iron), 50 Ibs. Gauge, 4 ft. 8J in. Road opened May 25, 1893. Locomotive, 1.
Operations, year ending June 30, 1901.— Earnings (freight), $6,256. Operating expenses, $6,428. Deficit,
$172. Deductions, $124. Net deficit, $296.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock, $100,000: bills payable, $30.000;
current liabilities, $2,000: profit and loss, $4,001— total, $136,001. Contra: Cost or' road and equipment, $135,000 ;
cash, $1,001— total, $136.001.
Directors.— A. T. Johnson, S. P. Adams, Portsmouth, O. ; L. C. Turley, J. L. Watkins, Jr., D. B. Hutchins.
OFFICERS : A. T. JOHNSON, Pres., Portsmouth, O. ; L. C. Turley, Vice-Pres. ; J. L. Watkins, Jr., Sec. <t Treas. ;
S. P. Adams, Gen. Mgr. ; T. W. Kinney, Supt., Portsmouth, O. GENERAL OFFICE, Portsmouth, O.
POOR'S MANUAL OF RAILROADS. 303
ROGKWOOD AND TENNESSEE RIVER RY.— Rockwood, Tenn., to Tennessee Elver, 6 m.;
total track (steel; 40 and 56 Ibs.), 11.25 miles. Gauges, 4 ft. 8J in. and 3 ft. Chartered June 18, 1867; road
opened in 1868. Owned by the Roane Iron Co., and operated chiefly as an adjunct to that company's mines, fur-
naces, etc. Has no separate capital stock, bonds, or liabilities. Amount carried on inventory of Roane Iron
Co., representing cost of road, etc., $98,933. Locomotives, 4. Cars (ore), 15. No statement of operations
obtainable.
Directors (Roane Iron Co.).— H. 8. Chamberlain, J. H. Rathburn, T. G. Montague, H. O. Ewing, E. D. Rees,
Chattanooga, Tenn. ; Wm. E. Rockwood, Indianapolis, Ind.; E. R. Forsyth, Greensburjj, Ind.; J. P. Tarwater,
Rockwood, Tenn. ; Samuel Thomas, A. 8, Hewitt, C. M. McGhee, New York, N. Y. OFFICERS : H. 8. CHAMBER-
LAIN, Pres.; O. L. Hurlbut, Sec.; F. Neiland, Treas., Chattanooga, Tenn.; W.Warner, Supt., Rockwood,
Tenn. GENERAL OFFICE, Chattanooga, Tenn.
ST. LOUIS, WATKINS AND GXTLF RY.-Lake Charles to Alexandria, La., 98.37 m.; T. & P.
June, to T. & P. depot, 1.33 m.; Lake Charles to Drews, 1.5 m.- total, 101.2 m.; total track (steel; 60 and 70 Ibs.),
108.75 miles. Gauge, 4 ft. 8i in. Reorganization, effective June 1, 1902, of the Kansas City, Watkins and Gulf
Ry. Co. (see MANUAL for 1901, pa<:e 447), whose property was sold under foreclosure March 24, 1902. Locomotives,
7. Cars— passenger, 4; baggage, mail and express, 4; freight (box, 23; flat, 147), 170; caboose, 2— total, 180.
Financial Statement, June 1, 1902.— Under the terms of the plan of reorganization there have been
issued $993,400 of capital stock ($20 shares), and $988,360 of bonds— a total of $1.976,760 to represent the cost of
the reorganized property. The bondholders of the Kansas City, Watkins and Gulf Ry. Co. received 50 p. c. of
the face value of their bonds in new bonds and 50 p c. in new capital stock; the remainder of the new securities
will be reserved for the future use of the company. Details of funded debt will be found in the Ready Reference
Bond List— see GENERAL INDEX.
Directors (elected May 26, 1902).— J. B. Watkins, T. H. Chalkly. Lawrence, Kan.; Andrew H. Kellogg,
Charles H. Bissell, New York, N. Y.; H. B. Kane, A. V. Eastman, J. 8. Thomson, Lake Charles, La. OFFICERS:
J. B. WATKINS, Pres., Lawrence, Kan.; H. B. Kane, Vice-Pres. & Gen. Mgr.; J. 8. Thomson, Sec. & Treas.; W.
E. Lee, And., Lake Charles, La. GENERAL OFFICE, Lake Charles, La.
SHREVEPORT AND RED RIVER VALLEY RY.-Shreveport to Alexandria, La., 123 m.;
total track (steel; 60 and 70 Ibs.), 135.34 miles. Gauge, 4 ft. 8i in. Chartered July 23, 1897; road opened to St.
Maurice, 75 miles, in Jan., 1901. An extension from St. Maurice to Alexandria, La., about 47 miles, was put in
operation in Oct., 1901, and a further extension, to Mansura, 31 miles, was expected to be completed in Aug., 1902.
Locomotives, 11. Cars- passenger, 11; freight, 197; other, 20— total, 228.
Operations, year ending June 30, 1900 (75 miles).— Gross earnings, $117,940. Operating expenses, $73,587.
Net earnings, $44,353.
Financial Statement, June 80, 1901. -Capital stock paid in ($1,000,000 anth. ; $100 shares), $600,000.
Funded debt (1st mtge. 5s of 1950), $1,520,000. Floating debt, $600,600. Estimated cost of road, $2,120,000. The
$1,520,000 bonds as above were issued on the 75 miles to St. Maurice; $940,000 additional were issued about Aug.
1, 1901, to pay for the extension to Alexandria. The company is further authorized to issue $30(1,000 of bonds for
the construction of a bridge over the Red River at Alexandria, and $20,000 of bonds per mile of completed
road for an extension to the Mississippi River and thence to New Orleans.
Directors.— Wm. Edenborn, Chicago, 111.; Clarence Ellerbee, W. F. Taylor, Peter Mcllvried. Shreveport,
La.; August Mann, Rankin, Pa. OFFICERS : WM. EDENBORN, Pres., Chicago, 111. ; Peter Mcllvried, Vice.-Pres.
& Gen. Mgr.; W. F. Taylor, 2d Vice-Pres.; Clarence Ellerbee, Sec. & Treas..; H. B. Helm, And., Shreveport,
La. GENERAL OFFICE, Shreveport, La.
TALLASSEE AND MONTGOMERY RY.— Projected : Tallassee to Montgomery, Ala., 35 miles.
Completed up to June 30, 1901: Tallassee to Milstead (W. Ry. of Ala.), 6.28m.; total track (steel ; 56 Ibs.), 7.28 miles.
Gauge, 4 ft. 8| in. Chartered Aug. 10, 1895 ; road opened early in 1896. Surveys completed to Montgomery
Building in the interest and for me development of the water power at Tallassee, Ala., which is owned by the
Tallassee Falls Mfg. Co. Locomotive, 1. Cars— combination, 1 ; freight (box, 1 ; flat, 1), 2— total, 3.
Operations, year ending June 30, 1901.— Earnings (passenger, $6,275 ; freight, $22,421 ; other, $297),
$28,994. Operating expenses, $21,682. Net earnings, $7,312.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock ($100 shares), $75,000; current
liabilities, 842; profit and loss, $18,336— total, $93,378. Contra : Cost of road and equipment, $98,179; cash and
current assets, $22.655 -total, $120,834.
Directors.— T. M. Turner, New York, N. T.; C. K. Oliver, Baltimore, Md.; J. W. Durr, 8. Roman, W.
H. Micou, Montgomery, Ala. OFFICERS : THOS. M. TURNER, Pres., New York, N. Y.; C. K. Oliver, Sec.,
Baltimore, Md. ; Wm. H. Micou, Treas.; R. E. Lutz, Traffic Mgr., Montgomery, Ala. GENERAL OFFICE, Mont-
gomery, Ala.
TELLICO RR.— Athens to Tellico Plains, Tenn., 24 miles. Gauge, 4 ft. 9 in. Rail, 56 Ibs. Successor
to the Nashville, Tellico and Charleston Ry. Co., whose property was sold under foreclosure in July, 1898. (See
MANUAL for 1898, page* 189.) Capital stock ($100 shares), $20,000. Cost of road to present company, $10,000.
Original cost of road, $312,000.
Directors.— F. L. Fisher, C. E. Luskey, E. T. Sanford, Knoxville, Tenn.; O. R. Brigham, Athens, Tenn.;
T. E. H. McCroskey, Madisonville, Tenn. OFFICERS : T. E. H. MCCROSKEY, Pres., Madisonville, Tenn.: F. L.
Fisher, Sec. & Treas., Knoxville, Tenn.; O. R. Brigham, Gen. Mgr., Athens, Tenn. GENERAL OFFICE, Athens,
Tenn.
TENNESSEE AND CUMBERLAND RIVER RR.— Bear Spring to Tennessee Ridge, Tenn.,
13.95miles. Gauge, 4 ft. 8i in. Rail (steel), 58i Ibs. Chartered March 20, 1897; road opened April 27, 1898. Owned
by the Cumberland River Estates, Limited, of London, Eng., whose property it traverses. Built for the purpose
of opening up the estates and connecting them with the L. & N. RR. Locomotive, 1. Cars— passenger, 1 ; freight,
12— total, 13. Capital stock, $125,000. Cost of road, etc., to date, $118,000. Financial agents in London, Eng.,
Martin's Bank.
Directors.- John H. Lory, J. Ferguson, Bear Spring, Tenn. ; W. M. Borradaile, London, Eng. ; M. Savage,
H. Leech, Clarksville, Tenn. OFFICERS : JOHN H. LORY, Pres. & Gen. Mgr., Bear Spring, Tenn.; M. Savage,
Vice-Pres., Clarksville, Tenn.; J. Ferguson, Sec. <t Treas.; C. McCall, Supt., Bear Spring, Tenn. GENERAL
OFFICE, Bear Spring, Tenn.
TOMBIGBEE AND NORTHERN RY.— Tombigbee River to Turners, Ala., 35 m. ; Turners to
Higdons, Ala., 5 m.— total, 40 m. ; total track (steel ; 56 Ibs.), 42 miles. Gauge, 3 ft. Chartered Jan. 17, 1900, as
successor to the Seaboard Ry. of Alabama, which was sold under foreclosure on May 10, 1897. (See MANUAL for
1899. page 525.) Locomotives, 5. Cars— passenger, 1 ; baggage, etc., 1 ; freight (box, 10 ; stock, 2 ; flat, 10), 28 ;
lumber, 75— total, 99. Capital stock ($100 shares) authorized and paid in, $50,000.
Operations, year ending June 30, 1901.— Earnings (passenger, -$303 ; freight, $41,716 ; other, $686), $42,705.
Operating expenses, $50,683. Deficit from operation, $7,978.
Directors.— Frank Hagerman, Sanford B. Ladd, C. W. Ogden, Kansas City, Mo. OFFICERS : FRANK
HAGERMAN, Pres.; 8. B. Ladd, Vice-Pres.; C. W. Ogden, Sec. & Treas., Kansas City, Mo. ; Wm. Hunter, Cashier,
Fairfo.rd, Ala. GENERAL OFFICE, Fairford, Ala,
304 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
TTTSKEOEE RR.— Taskegee to Chehaw, Ala., 5.5 miles. Gauge, 4 ft. 8* in. Rail (steel), 56 Ibs.
Chartered Feb. 20, 1860 ; reorganized after sale in 1871 by the present copartnership, composed of E. T. Varner,
Mrs. L. V. Alexander, and Campbell & Wright, each owning one-third interest. The roaa is run as a copartner-
ship business, no stock issued and no directors elected. Locomotive, 1. Cars— passenger, 2 ; freight (box), 1—
total, 3.
Operations, year ending June 30, 1901.— Earnings (passenger. $7,054 ; freight ; $10,944), $17,998. Operat-
ing expenses, $10,8!I9 ; Net earnings, $7,099 ; other receipts, $30— total, $7,129. Payments : Dividends (9J p. c.),
$5,560; other charges, $549— total, $6,099. Surplus, $1,030.
General Balance Sheet, June 30, 1900.— Capital stock, $60,469 ; lands owned, $480 ; profit and loss,
?3,839— total, $64,788. Contra : Cost of road and equipment, $60,469 ; lands owned, $480 ; cash, S3 839— total
$64,788.
Officers.— E. T. VABNEB, Pres.; W. H. Wright, Sec., Treas. & Gen. Mgr., Tuskegee, Ala. GENIKAL
OFFICE, Tuskegee, Ala.
WATATJGA RR.— Projected : Watauga, Tenn., to Watanga Point, 4 m. ; Watanga Point to Plato, Tenn.,
13 m.— total, 17 miles. Completed : At Watauga, Tenn., 1 mile. Gauge, 4 ft. 8± in. Steel rail : weight not re-
graded
ported. Chartered March 26, 1895, Ss successor after foreclosure sale of the Watauga Valley RR. Co." The road
ted under contract by the Southern Ry. Co. Four miles additional are graded and 13 mile
Capital stock paid in ($100.00aanth.; $100 shares), $25,000.
Directors.— H. S. Chase, Boston, Mass. ; John W. Hoffman, C. T. Thompson, L. W. Barin<r<>r, Philadelphia,
Pa.; J. H. Barr, Chattanooga, Tenn. OFFICERS: H. S. CHASE, Pre*., Boston, Mass.: Chas. T. Thompson, Sec.,
Philadelphia, Pa. GENERAL OFFICE, 8 Congress Street, Boston, Mass.
coke to the L. & N. RR. station at Pineville. Cost of road, etc., $62,000. There are no liabilities against the
property. Locomotive, 1. Cars— freight (flat), 3 ; other, 1.
Directors.— Theo. Harris, M. S. Barker, S. H. Stone, James S. Ray, J. D. Reed, Aaron Kohn, W. F.
Booker, W. N. Haldeman, F. N. Lewis, Louisville, Ky. OFFICERS : THEO. HARRIS, Pres.: M. S. Barker, Tice-
Pres. & Gen. Mgr. ; S. H. Stone, Sec. & Treas., Louisville, Ky. GENERAL OFFICE, Straight Creek, Ky.
CENTRAL NORTHERN GROUP— States of Ohio, Michigan,
Indiana, Illinois, and Wisconsin.
ANN ARBOR RAILROAD COMPANY.
(For map of this road, see page 305.)
Line of Road.— Toledo, O., to Frankfort, Mich 291.9 miles.
Sidings, etc., 87.21 miles. Gauge, 4 ft. 8i in. Rail— iron, 45 Ibs.; steel (352.01 m.), 56, 60,
and 70 Ibs.
History. — Keorganization, Sept. 21, 1895, of the Toledo, Ann Arbor and North Michigan
Ry. Co. (See MANUAL for 1895, page 907.) The company operates three car ferries on Lake
Michigan, which afford connection with the Chicago, Milwaukee and St. Paul, Chicago and
Northwestern, Wisconsin Central, and Canadian Pacific systems, and with the Kewaunee,
Green Bay and Western RR., and the Wisconsin and Michigan Ry.
Rolling Stock, June 30, 1901. — Locomotives, 46. Cars — passenger (coaches, 12; parlor,
2; sleepers, 2), 16; combination, 6; baggage, mail, and express, 5; freight (box, 1,765; flat,
267; gondola, 200; furniture, 73; vegetable, 26; caboose, 26), 2,357; service, 20— total, 2,404.
Also 3 transfer steamers.
Operations, year ending June 30, 1901. — Train mileage — passenger, 416,248; freight,
656,489— total, 1,072,737 miles. Passengers carried, 436,544 ; carried one mile, 15.084,478 ;
average mile rate, 2.27 cents. Tons freight moved, 1,539,270 ; moved one mile, 191,250,216 ;
average ton-mile rate, 0.65 cent.
EARNINGS. 1899-00 1900-01
Passenger 1340,46131 8347,18081
Freight 1,233,71382 1,258,22377
Mail and Express 48,85585 49,17711
Miscellaneous 98,422 93 99,566 42
Totals $1,721,453 91 $1,754,148 11
Totals per MUe 5,89741 6,00941
EXPENSES. 1899-00 1900-01
Maint. of Way and Structures §312,41936 $348,69226
Maintenance of Equipment... 387,92050 304,70196
Conducting Transportation.. 573.91046 602,84176
General Expenses 50,370 54 52,926 58
Totals..., ...$1,324,62086 $1,309.16250
Totals per Mile 4,53793 4,48497
Net earnings, 1900-01 (25.87 p. c.), $444,985.61. Payments : Interest on funded debt,
$280,000; interest and discount, $1,330.74; taxes, $49,783.32— total, $831,064.06. Surplus,
$1 13,921.55; surplus forward, $196,236.03— total, $310,157.58.
20
306 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
General Balance Sheet, June 30, 1901.
Cost of Road $13,522,63535
Cost of Equipment 928,883 90
T., A. A. & N. M. Ry. & Receiver's Acct. 16,577 86
Current Assets 380,708 15
Cash 116,725 69
Total Assets $14,965,530 95
Common Stock ($100 shares) $3,250,000 00
Pref. Stk. 5 p. c. non-cum. ($100 shares) .
Funded Debt Outstanding (see below)..
Current Liabilities. . .
Bond Interest Accrued
State of Michigan, Taxes
Profit and Loss
Total Liabilities .$14,9657530 95
4,000,000 00
7,000,000 00
263,882 83
79,100 00
» -,2,390 54
310,157 58
Fnnded Debt. — Funded debt consists of 1st mtge. 4 p. c. 100-yr. $1,000 gold bonds, due July 1,
1995, interest Jan., April, July and Oct., at the office of the trustee. The bonds are in coupon form, with
privilege of registration as to principal. They are secuied on the entire property of the company. Trustee:
Metropolitan Trust Co., New York, N. Y.
Directors (as constituted Sept., 1901). — Term expires Sept., 1902: J. Edward Simmons,
R. C. Martin, New York, N. Y.; Henry W. Ashley, Toledo, 0. Term expires Sept., 1903 :
George W. Quintard, Daniel C. Tate, New York, N. Y. ; Charles D. Stewart, Owosso, Mich.;
Ammi W. Wright, Alma, Mich. Term expires Sept., 1904: Wellington R. Burt, Saginaw,
Mich.; Amos F. Eno, Franklin B. Lord, New York, N. Y.; C. W. Burt, Ford, Ky.
WELLINGTON R. BURT, President Saginaw, Mich.
George W. Quintard, Vice- President New York, N. Y.
Sec., Treat. & Pur. Agt.— George R. Burt . . .Toledo, O. | Auditor— W. O. Brigham Toledo, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, 0.
CHICAGO AND ALTON RAILWAY COMPANY (THE).
INDEX TO STATEMENTS AND DATA CONTAINED HEKEINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 7
Directors and Officers 10
Earnings, Expenses, etc 4
Funded Debt, Details of 8
Gen. Balance Sheet, June 30, 1901.
Income Account, year 1900-1901.. 4
History .......................... 2
Leased Lines, Statements of ..... 9
6 I Lease Rental, C. & A. RR 2
Mileage Operated 1
Operations, etc., 1900 and 1901 ... 5
Rolling Stock
1. Mileage Operated, June 30, 1901.
A. LINE OWNED : Springfield to Grove, 111 57.56 miles.
B. LEASED LINES (total, 844.71 miles):
Chicago and Alton RR. (see separate statement, for details) 543.86
Joliet and Chicago RR.: Joliet to Chicago, 111 37.20
Kansas City, St. Louis and Chicago RR.: Mexico to Kansas City, Mo 161.90
Louisiana and Missouri River RR. : Louisiana to Cedar City, Mo 101.75
C. TBACKAGE RIGHTS (total, 17.37 miles) :
Toledo, Peoria and Western Ry.: Washington to Peoria, 111 11.50
Peoria and Pekin Union Ry. : Grove to Peoria, 111 5.18
Hannibal and St. Joseph RR.: Bridge Jc. to Union Depot, Kansas City, Mo. 0.69
Total length of lines operated, June 30, 1901 . . .919.64 miles.
2d track, 104.57 m.; sidings, 241.99 miles. Gauge, 4 ft. 8£ in. Rail, 60, 70, and 80 Ibs.
la. The following is a statement of track mileage owned and leaped by the company on
June 30, 1901, trackage rights being omitted. The lines are shown by operating divisions
of the system and without reference to their ownership :
Length
of Line.
Second
Track.
Side
Tracks.
Total
Track.
Steel
Rails.
Springfield, 111., to Grove, 111
Chicago. 111., to East St. Louis, III ,
Coal City Line— Joliet, 111., to Mazonia, 111
Dwight, 111., to Washington and Lacon, 111
Roodhouse 111 to Kansas City, Mo .... ....
M.
57.56
279.95
24.79
80.50
251.17
M.
102.68' '
"T.89
M.
5.26
148.87
15.10
5.59
38.62
M.
62.82
531.50
39.89
86.09
291 68
M.
62.82
531.50
39.89
86.09
291 68
Bloomington 111 to Godfrey, 111
150.60
25.77
176.37
176 37
Godfrey 111 to Wann, 111
7.60
7.60
760
Mexico Mo to Cedar City Mo
50.10
2 78
52 88
52 88
Total Mileage Owned and Leased
902.27
104.57
241.99
1,248.88
1,248 83
In addition to the above, the line between Wann and East St. Louis is operated jointly
with the Cleveland, Cincinnati, Chicago and St. Louis Ry. Co. as a double track, each com-
pany owning and maintaining one track. This makes the actual second track mileage in
POOR'S MANUAL— CHICAGO AND ALTON RY. CO. (THE).
307
operation 122.44 miles. The loop lines made by the Coal City Branch and Alton cut-off
make, for operating purposes, the equivalent of 34 miles more of double track.
Under a contract that has been in effect since Sept. 29, 1895, the company runs trains
daily between Chicago and Peoria, using the Chicago and Alton RR. between Chicago and
Washington, 143.4 miles, and the Toledo, Peoria and Western RR. between Washington and
Peoria, 12 miles.
2. History. — Incorporated under the laws of Illinois on April 2, 1900, and purchased
the property of the St. Louis, Peoria and Northern Ry. Co. (see MANUAL for 1899, page 1422),
between Springfield and Peoria, 111. The company also acquired more than 98 p. c. of the
capital stock of the Chicago and Alton RR. Co. A lease of the Chicago and Alton RR. and
leased lines, for a term of 99 years, was taken on April 3, 1900, this company agreeing to pay
as rental (1) the interest on the bonds of the Chicago and Alton RR. Co. ; (2) the rentals pay-
able by the Chicago and Alton RR. Co. under the leases of Joliet and Chicago RR., Kansas
City, St. Louis and Chicago RR., and Louisiana and Missouri River RR.; (3) taxes, and (4)
the surplus net earnings of the leased properties.
3. Rolling Stock, June 30, 1901. — Locomotives, 201. Cars — passenger (coach, 64; chair,
34; coach and chair, 4; coach, baggage and mail, 24; cafe and smoking, 9; dining, 2), 137;
baggage and mail, 50 ; freight (box, 4,679 ; stock, 753 ; coal, 4,103 ; flat, 550), 10,085 ; service'
260 — total, 10,532. There are included under the head of coaches, 3 roadway bunk cars and
3 miner's cars, and under the head of coal cars there are included 72 cinder cars.
4. General Income Account, year ending June 30, 1901.
1899-00 1900-01
EARNINGS. (855.18 m.) (919.64 m.)
Passenger $2,296,01127 $2,573,17515
Freight 5,002,018 84 5,954,141 15
Mai! and Express 425,568 03 431,625 29
Miscellaneous 72,851 62 77,714 06
Totals $7,796,449 76
Totals per Mile 9,11865
$9,036,655 65
9,826 30
1899-00
EXPENSES. (855.18 m.)
Maint. Way and Structures. $881,575 35
Maint. of Equipment 613,405 34
Conducting Transportation. 2,835,57621
General Expenses 210,56173
1900-01
(919.64 m.)
$1,109,513 59
879,412 15
3,384,636 77
222,105 93
Totals $4,541,11863 $5,595,66844
Total s per Mile 5,651 25 6,443 93
Net earnings, 1900-1901 (38.08 p. c.), $3,440,987.21 ; add dividends received, $1,525,-
622; and miscellaneous income, $5,759.19— total, $4,972,368.38. Charges: Annual rental
under lease of C. & A. RR. (interest on $31,985,000 of 3 p. c. refunding bonds of C. & A. RR.
Co., $959,550 ; rentals of C. & A. RR. leased lines, $237,027.01 ; taxes, $318,867 ; surplus net
earnings of leased properties, $1,826,456.61), $3,341,900.62 ; taxes on line owned by this
company, $11,560 ; interest on this company's 1st lien bonds, $22,000,000 at 3£ p. c., $770,-
000 ; dividends on preferred stock (Jan. 15 and July 1, 1901, 2 p. c. each), $781,760— total,
$4,905,220.62. Surplus, $67,147.76 ; surplus forward, $395,923.03— total, $463,070.79.
5. The following statement shows the results of operation obtained by the Chicago and
Alton Ry. Co. for the year ending June 30, 1901, compared with those obtained by the
Chicago and Alton RR. Co. for the year ending June 30, 1900 :
1901
1900
1901
1900
Miles RR. Operated (Aver.)
919.64
2,741,126
2,859,947
855.18
2,401,641
2,716,745
Earnings :
Passenger
2,573,175
5,954,141
509,339
$
2,296,011
5,002,019
498.420
Train Mileage :
Passenger
Freight
Freight
Other
Total Revenue Mileage
Gross Earnings
5,601,073
2,353,228
132,887,965
4,635,1?0
823,069,718
1.94c.
0.72C.
5,118,386
2,210,489
120,360,469
3,576,177
629,994,662
1.90C.
0.79c.
9,036,655
5,596,668
7,796,450
4,541,119
Operating Expenses
Net Earnings
Passenger Mileage
3,440,987
9,826.30
6,443.93
3,382.37
61. 92 p. C.
3,255,331
9,118.65
5,651.25
3,467.40
58. 22 p. C.
Freight (tons) Moved
Gross Earnings per Mile'
Freight (ton) Miles
Operating Exp. per Mile..
Aver. Earnings per Pass, per Mile.
Aver. Earnings per Ton per Mile. .
Net Earnings per Mile
Expenses to Earnings
The mileage operated on June 30, 1901, was the same as was operated on June 30, 1900,
with that of the line from Springfield to Peoria, 111., added thereto. The reports of the
Chicago and Alton RR. Co. were made for the calendar year, and the last one published was
308 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
for the year ending Dec. 31, 1899. In the MANUAL for 1901, on page 664, there is a state-
ment of operations, property and capital accounts of the Chicago and Alton RR. for the eight
years ending Dec. 31, 1892-1899. In order to conform to the Interstate Commerce Commis-
sion requirements the fiscal year was changed to end on the 30th of June ; therefore there is
an interval of six months (Jan. l^June 30, 1900) between the last annual report of the Chicago
and Alton RR. Co. and the first annual report of this company.
6. General Balance Sheet, June 30, 1901.
Property and Investment Account $61,138,82302
Betterments, Springfleld-Peoria Line 9,988 66
Advances to C. & A. RR. Co, (net) 4,228,653 75
Materials and Supplies „• 292,737 55
Cash on Hand 1,144,106 48
Dividend Account 40200
Station Agents and Conductors 124,044 20
Collectible Accounts 595,905 45
Total Assets $67,534,661 11
Preferred Stock Paid in $19,544,00000
Common Stock Paid in 19,542,80000
Funded Debt Outstanding 22,000,000 00
Assets from C. & A. UK. Co 3,118..
Vouchers, Pay Rolls and Accounts 1,822,968 75
Unpaid Coupons, including July 1, 1901. 388,027 50
Unpaid Dividends 391,282 00
Proceeds Sale of Chicago Property 263,913 33
Profit and Loss 4C3,070 79
Total Liabilities $67,534,661 11
7. Capital Stock.— Capital stock authorized, $40,000,000, consisting of $20,000,000 preferred stock
and $20,000,000 common stock; shares, $100 each. Capital stock paid in (preferred, $19,544,000; common,
$19,542,800), $39,086,800. Preferred stock is entitled to 4 p. c. non-cumulative dividends, but to no further
share of the yearly net profits. In case of liquidation or dissolution of the company it has priority over
common stock to the amount of its full par value, but is entitled to no further share of the ;<
8. Funded Debt.— Funded debt, authorized and outstanding, consists of $22,000,000 1st lien gold 3J3
of July 1, 1950, secured by deposit of practically all of the capital stock of the Chicago and Alton RR. Co.,
and by a direct first lien on the line from Springfield to Grove, 111., 57.43 miles. The bonds are redeemable
on any interest day at par and accrued interest, on six months' notice. The capital stock of the Chicago
and Alton RR. Co. owned by .this company and deposited as additional security under the first lien mortgage
consists of $3,472,200 preferred stock and $18,322,400 common stock, out of a total issue of $3,479,500 pre-
ferred stock and $18,751,100 common ttock. The first lien mortgage provides that the Chicago and Alton
Ry. Co., as holder of the stock of the Chicago and Alton RR. Co., will not give its consent to the issue
of any bonds under the refunding mortgage of the latter in excess of the $40,000,000 now authorized, except
when such additional issue is expressly authorized by a three-fourths vote of the entire board of directors of
the Chicago and Alton RR. Co. and approved by a three-fourths vote of the entire board of directors of the
Chicago and Alton Ry. Co.
9. RAILROADS LEASED BY THE CHICAGO AND ALTON RY. Co.
Chicago and Alton RR. — Jollet to East St. Louis. 111.. 242. T5 m. ; Godfrey to Bloomlngton, 111.,
150.6 m. ; Godfrey to Wann, 111., 7.6 m. ; Roodhouse to Qulncy June., 111., 37.62 m.; Jollet to Mazonia. 111.,
24.79 m.; Dwlght to Washington, 111., 70.5 m.; Varna to Lacon, III., 10 m.— total, 543.86 miles. Rail,
(steel), 60 to 80 Ibs. Organized on Feb. 16, 1861, in pursuance of a plan for the reorganization of the'
St. Louis, Alton and Chicago RR. Co. (see Manual for 1884, page 664). The Mississippi River Bridge
Co. was absorbed on April 29, 1895. The Joliet and Chicago RR., the Kansas City, St. Louis and
Chicago RR. and the Louisiana and Missouri River RR. are leased In perpetuity by this company on
terms given in the statemer-ts for those roads. The Chicago and Alton RR., Including the leased lines,
is leased to the Chicago and Alton Ry. Co., for 99 years from April 3, 1900, at a rental equivalent to
the surplus net earnings of the leased properties after deducting Interest on this company's funded
debt, rentals of its leased lines and taxes. Income Account, year ending June 30, 1901. — Rental received,
$1,826,457; surplus Income adjusted to June 30, 1900, $954.390 — total. $2.780.847. Deductions: Dividends of
7 p. c. (common, $1,320,079; preferred. $243,565). $1.563,644; miscellaneous Items in course of adjust-
ment, $35,322 — total, $1,598,966. Surplus, June 30, 1901, $1,181.881. The company has not published
a balance sheet of later date than June 30, 1900, for which see Manual for 1901. page 663. At that
date the capitalization of the company was as follows: Capital stock (common, $18,751,100; preferred,
$3,479,500), $22,230.600; funded debt, $40,584.850— total, $62.815,450. The preferred stock Is entitled
to preference for dividends up to the rate of 7 p. c. per annum, after payment of interest and sinking
fund, and is entitled to share pro rata with common stock in any dividend in excess of 7 p. c. per annum
on the entire capital stock. The funded debt on June 30, 1900. consisted of (1) $32.000.000 refunding
gold 3s of Oct. 1, 1949; (2) $4,379,000 consol. gold 6s of July 1, 1903; (3) $1.663.000 sinking fund gold 6s
of May 1, 1903; (4) $1,785,000 L. & M. R. 1st 7s matured Aug. 1, 1900; (5) $300.000 L. & M. R. 2d 7s
matured Nov. 1, 1900; and (6) $457,000 M. R. Bridge 1st 6s of Oct. 1, 1912. The refunding 3 p. c. bonds
are secured on the entire corporate property and franchises of the company, subject to prior' liens.
The authorized issue is $40,000,000, but power Is reserved In the mortgage to issue additional bonds.
If duly authorized by three-quarters In interest of the stockholders, for the following purposes; viz.
(a) For building, completing, or acquiring extensions of the company's railroad — such additional issue not
to exceed the rate of $20,000 per mile of main track, excluding sidings or switches, and to apply to not
exceeding 500 miles of such additional main track; (b) for the purpose of funding the rental obligations
of the company upon Its leased lines, and (c) for future betterments not exceeding $5.000.000, such
issue to be at the rate of not exceding $1,000,000 per annum, from and after Jan. 1. 1900. The mortgage
securing the bonds will become an absolute first mortgage upon the payment of the existing underlying
bonds of the company. From the proceeds of the bonds outstanding an amount sufficient for the retire-
ment of the underlying bonds has been deposited with the mortgage trustee. The unissued bonds are
reserved for improvements, betterments, extensions, etc. In addition to being a direct mortgage lien on the
property owned by the Chicago and Alton RR. Co., the refunding 3 p. c. bonds are also secured by deposit
of the following bonds and stocks with the trustee tinder the mortgage: $3,000.000, being the entire
issue, of 1st mtge. bonds of the Kansas City, St. Louis and Chicago RR. Co.. subject to their pledge
as security for the sinking fund 6 p. c. bonds; $989.300 out of $1,010,000 preferred stock, and $2,269.800
out of $2,312,700 common stock, of the Louisiana and Missouri River RR. Co.; $157.600 of the common
stock (out of a total share capital of $2.021.800) of the Kansas City, St. Louis and Chicago RR. Co.;
$300,000, being the entire capital stock, of the Mississippi River Bridge Co.; $138.000 out of $447.000 1st
mtge. bonds of the Mississippi River Bridge Co.; $45.000 of the capital stock (out of a total of $495.000)
of the Union Depot Co. of Kansas City; and $25,000 out of a total of $36.000 1st mtge. bonds of the
Pawnee RR. Co. The consol. 6 p. c. sterling bonds (authorized £1.600,000. or $8. 000,000) are secured
on main line and Washington Branch, 323.30 miles. A sinking fund of $120,000 half-yearly, less the
POOR'S MANUAL OF RAILROADS.
309
ieml-aniiual Interest on the bonds then outstanding, Is payable to the trustee of the sinking fund bonds
of May 1, 1903, to be applied to the purchase of bonds of that Issue, If they can be obtained at not
pxcccdlng 105 and Interest. Seven p. c. bonds of the Kansas City, St. Louis and Chicago RR. Co. (In
nid of the construction of whose lines the sinking fund bonds were Issued) to the amount of $3,000,000
arc deposited with the United States Trust Co. as additional security. The Mississippi River Bridge Co.'s
bonds (authorized, $700,000) are guaranteed, principal and Interest, by the C. & A. RR. Co., which
imriluisrtd the property of the Mississippi River Bridge Co. (formerly leased) on April 29, 1895, and now
owns it subject to these bonds. The Interest and sinking fund amount to $50,000 per annum. All of the
stock ($:iOU.OOO) and $136,000 of the bonds are held by the C. & A. RR. Co. as an Investment. S. M.
Pres. ; H. E. R. Wood, Treas. ; Chicago, 111.; Alex. Millar, Sec., New York, N. Y. Office, 120
Broadway, New York, N. Y.
JOLIET AND CHICAGO RR. — Joliet to Chicago,
111 (double), 37.20 miles. Forms part of the C. &
A 's Chlcago-St. Louis through line. Organized Feb.
15 1855; opened July 4, 1856. Leased In perpetuity.
Jan. 1, 1864, to the C. & A. Co.; annual rental, 7
p e on stock, and $1,800 for organization expenses.
Capital stock ($100 sharesT, $1,500,000. Cost of road,
etc.. $2.0(10,000. S. M. Felton, Pres.; H. E. R. Wood,
Sec & Treas. Office, 407 Monadnock Building, Chi-
cago,
111.
KANSAS CITY, ST. LOUIS AND CHICAGO
RR. — Mexico to Kansas City, Mo., 161.82 miles.
Rail (steel), 70 Ibs. Organized in 1877. Road opened
throughout on May 1, 1879. Leased in perpetuity,
Nov. 1, 1879, to C. & A. RR. Co.; rental, 35 p. c. of
gross earnings, less assessments and taxes. If 35
p. c. is in excess of the amount required to pay
interest on bonds, 6 p. c. on preferred stock, and 7
p. c. on common stock, after deducting taxes, etc.,
all excess must go to the C. & A. RR. Co.
Capital stock ($100 shares)— common, 7 p. c., $271.-
800; preferred. 6 p. c., $1,750,000; funded debt (1st 7s
of May 1, 1903), $3,000,000— total, representing cost
of property, $5,021,800. The bonds are deposited
with the U. S. Trust Co., as security for an issue of
a like amount of 6 p. c. bonds of the C. & A. RR.
Co. of the same date. S. M. Felton, Pres., Charles
H. Davis, Sec., Chicago, 111.; R. D. Yoakum, Treas.
& Asst. Sec., St. Louis, Mo. Office, Carleton Build-
ing, St. Louis, Mo.
LOUISIANA AND , MISSOURI RIVER RR
Louisiana to Cedar City, Mo., 100.99 miles. Char-
tered March 24, 1868; road opened Oct. 29, 1871.
Leased In perpetuity, Aug. 1, 1870, at a rental of 35
p. c. of gross earnings after deducting taxes and
assessments. On Nov. 13, 1894, the lease was modi-
fled, whereby the lessee agreed to pay the coupons of
the 1st and 2d mtge. bonds as they accrue, and the
principal when due; 7 p. c. dividends on the $329,-
000 guaranteed preferred stock, and to discharge the
floating debt, no further amount to be paid for the
future use of the property. Each shareholder of the
L. & M. R. RR. Co. has a right to sell his stock to
the lessee at $29.50 per share for preferred stock, and
$10 per share for common. Common stock, $2,312,-
700; preferred stock, $1,010,000; preferred 7 p. c.
stock, guaranteed by C. & A. RR. Co. (interest Feb.
and Aug.), $329,000— total, $3,651,700. All of the
common and preferred stock is now held by the C. &
A. RR. Co., except 429 shares of common and 207
shares of preferred. The bonded debt was retired at
maturity. H. W. Phelps, Pres.. St. Louis, Mo.;
H. E. R. Wood, Sec. & Treas., Chicago, 111. Office,
216 N. Broadway, St. Louis, Mo.
1O. Board of Directors, Chicago and Alton Ry. Co., elected Oct. 2, 1901.
C. H. Chappell Chicago, 111.
F. S. Winston
S. M. Felton
James B. Forgan Chicago, 111.
David R. Francis St. Louis, Mo.
George J. Gould. . . Lakewood, N. J.
E. H. Harriman Arden, N. T.
John J. Mitchell Chicago, 111.
Norman B. Ream.
Mortimer L. Schiff . .New York, N. Y. | James Stillman New York, N. Y.
S. M. FELTON, President. Chicago, 111.
Wm. D. Cornish, Vice- President New York, N. Y.
Secretary— Alex. Millar New York, N. Y.
Asst. Sec — J. Stanley Brown
Comptroller— Wm Mahl
Gen. Aud.— Erastus Young Omaha, Neb.
PRINCIPAL OFFICE AND ADDRESS 120 Broadway, New York, N. Y.
Treasurer- Y. V. S. Crosby New York, N. Y.
Asst. Treas. -H. E. R. Wood Chicago, 111.
Aud. & Asst. Sec.— Charles H. Davis " "
CHICAGO AND EASTERN ILLINOIS RAILROAD COMPANY.
(For map of this system, see page 311.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 9
Directors and Officers 11
Dividends 7
Earnings, Expenses, etc 5
Funded Debt, Details of 10
Gen. Balance Sheet, June 30, 1901 8
History 2
Income Account, June 30, 1901 . . 5
Marine Equipment 4
Mileage Operated 1
Operations & Income, 1894-1901. 6
Rolling Stock 3
1. Mileaare Operated, June 30, 1901.— A. LINES OWNED (total, 703.75 miles).
Main Line : Dolton to Danville, 111 107.21 miles.
Brazil Division (Western] : Danville Junction, 111., to Brazil, Ind 61.20
Brazil Division (Eastern): Momence Junction, 111., to Brazil, Ind 130.09
La Crosse Branch : Percy Junction to La Crosse, Ind 45.89
St. Louis and St. Elmo Division : Danville Junction to Thebes, 111 276.32
Ohio River Branch : Joppa Junction to Joppa, 111 . ... 16.07
Sidell Branch : Rossville Junction to Sidell Junction, 111 34.29
Cissna Park Branch : Cissna Junction to Cissna Park, 111 11.36 "
Other Branches: Casey, 6.63 m. ; Glenburn, 2.65m.; Mission Field, 2.62 m.;
Marion, 1.46m.; Spiller, 0.52m.; Otter Creek, 1.53 m.; Coxville, 1.16m.;
Mecca, 2.57 m. ; Westville, 2.18 m 21.32 "
B. LINKS OPERATED UNDER TBACKAGE RIGHTS (total, 23.09 miles).
Chicago and Western Indiana RR. : Chicago to Dolton, 111 16.99 "
Evansmlle and Terre Haute RR. : Otter Creek Junction to Terre Haute, Ind. . . 6.10 "
Total length of lines operated, June 80, 1901 .726.84 miles.
Average mileage operated during the year 718.80 "
2d track, 106.06 m.; sidings, 290.62 miles. Gauge, 4 ft. 8J in. Rail (steel), 60, 65, and 80 Ibs.
310 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
2. History.— Consolidation, Juue 7, 1894, of the (first) Chicago and Eastern Illinois RR.
Co. and the Chicago and Indiana Coal Ry. Co. The Chicago, Paducah and Memphis RR. -was
purchased on Feb. 23, 1897, the unfinished Eastern Illinois and Missouri River RR., from
Marlon to Thebes, 111., a distance of 62.5 miles, on June 7, 1899, and the previously leased
Evansville, Terre Haute and Chicago Ry., and Indiana Block Coal RR., on Dec. 27, 1899.
(See MANUAL for 1900, page 214.) The extension from Joppa Junction to Joppa, 111., 16.07
miles, was completed in Dec., 1900. A branch from Milford Junction eastward to Freeland,
111., a distance of about 11 miles, was put in operation Nov. 8, 1901. It is proposed to extend
it eastward about 11 miles further to a connection with the Brazil Division. The company
is a one-fifth owner in the Chicago and Western Indiana RR. (see GENEHAL, INDEX).
3. Rolling Stock, June 30, 1901. — Locomotives, 138. Cars — passenger, 98 ; baggage,
mail, and express, 21 ; freight (box, 2,915; flat, 332; stock, 246 ; coal, 6,570; furniture, 47),
10,110 ; service, 170— total, 10,399.
4. Marine Equipment, June 30, 1901. — River steamer, 1 ; transfer barges, 4 ; landing
2 ; floating pile driver, 1.
5. General Income Account, year ending June 30, 1901.
Expenses— Maintenance Way & Structures $625,617 94
Maintenance of Equipment 605,602 19
Conducting Transportation .... 1,854,968 31
General Expenses 159,571 70
Total ($7,873.46 per mile) $5,659,446 39 Total ($4,515.52 per mile) $3,245,760 14
Net earnings (42.65 p. c.), $2,413,686.25; other receipts, $219,062.90— total, $2,632,-
749.15. Payments : Interest, $1,201,670.59 ; taxes, $225,533.82 ; lease rentals, $137,578.29 ;
dividends (6 p. c. on preferred stock, $379,842; 5$ p. c. on common stock, $370,879), $750,721;
new construction and permanent betterments, $250,452.45, depreciation of equipment,
$66,793— total, $2,632,749.15.
6. Statement of operations and income account for eight fiscal years ending June 30 :
Earnings— Passenger $968,746 03
Freight 4,521,062 57
Mail and Express 149,836 12
Miscellaneous 19,801 67
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR.Operat'd (average)
Passenger Train Miles
Freight Train Miles. .
499.16
979,482
1,231,434
4,267,087
70,039,978
3,223,579
420,484,239
$
1,069,133
2,663,734
127,248
521.57
854,410
1,565,277
3,495,694
43,281,664
3,782,896
488,538,083
$
687,209
2,876,234
104,426
521.57
953,721
1,596,908
3,605,421
47,361,516
4,437,290
583,808,792
$
727,414
3,154,642
132,568
589.82
1,050,545
1,695,546
3,005,456
44,280,693
4,582,668
612,368,345
$
677,362
3,115,116
135,232
648.27
1,021,933
1,788,677
2,796,465
44,797,770
4,784,375
660,143,108
$
709,343
3,379,462
132,633
648.27
1,051,534
1,810,781
3,269.958
50,069,579
5,538,429
750,399,337
$
797,387
3,638,721
145,452
674.40
1,107,212
1,822,752
3,488,263
55,466,496
5,876,261
850,501,320
8
877,100
4,105,620
166,177
718.80
1,346.881
1,881,629
3,497,127
59.4H5.404
5,914,394
917,170,653
968,746
4,521,062
169,638
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Earnings— Passenger
Freight
Other
Total Earnings
3,860,115
2,250,299
3,667,869
2,334,814
4,014,623
2,248,261
3,927,610
2,235,032
4,221,438
2,405,004
4,581,560
2,492,610
5,148,897
2,859,022
5,659,446
3,245,760
Operating Expenses
Net Earnings
1,609,816
125,687
1,333,055
169,653
1,766,362
164,644
1,692,578
157,712
1,816,434
166,285
2,088,950
196,689
2,289,875
214,890
2,413,686
219,063
Other Receipts
Total Net Income
1,735,503
159,411
942,788
238,756
(6) 286,914
1,502,708
173,556
962,901
234,959
(6) 289,842
1,921,006
185,627
968,995
234,478
(6) 289,842
1,850,290
188,884
1,002,553
241,156
(6) 289,842
1,982,719
314,628
1,083,053
229,651
(6) 289,842
(2i)154,945
2,285,639
220,310
1,066.399
231,567
(6) 349,842
(3i)216,923
100.000
100,598
7,067 36
3,84502
3,22234
54.41 p. c.
1.59c.
0.49 c.
2,504,765
204,605
1,126,140
183,648
(6) 349,842
(4i)278.P01
129.205
232,424
7,63478
4,23936
3.395 42
55. 53 p. C.
1.58 C.
0.48 c.
2,632,749
225,534
1,201,671
137,578
(6) 379,842
(,5j)370,879
317,245
Payments — Taxes
Interest
Lease Rentals..
Preferred Div's.
Common Div's.
Other Charges .
Balance, Surplus
107,634
7,73323
4,50811
3,22512
58. 30 p. c.
1.53 c.
0.63 C.
df. 158,550
7,032 d6
4,476 51
2,55585
63. 65 p. c.
1.59c.
0.59 c.
242,064
7,697 19
4,310 56
3,386 63
56. 00 p. c.
1.54 c.
0.54 c.
127,855
6,65899
3,80630
2,852 69
56. 91 p. c.
1.53 c.
0.51 C.
10,600
6,51109
8,70988
2,801 21
56. 97 p. c.
1.58 C.
0.51 c.
Gross Earnings per Mile. . .
Gross Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile .
7,87346
4,515 52
3,357 94
57. 35 p. C.
1.63 c.
0.49 c.
. Dividends.— Quarterly dividends of 1| p. c. each are paid regularly on the preferred
CHICAGO ft
EASTERN ILLINOIS R. R.
Shaded portion shows Coal Territory
811
312 POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
stock. Since July, 1898, dividends have been paid each half year on the common stock,
table of DIVIDENDS* PAID BY RAILROAD COMPANIES in the back part of the MANUAL.
8. General Balance Sheet, June 30, 1901.
See
Cost of Road and Equipment $35,155,447 39
Chicago Terminal and Other Investments 1,617,710 15
Stock of Other Companies 1,000,000 00
Materials and Supplies 296,671 99
Sinking Funds 950,268 02
Cash and Current Assets 1,948,931 22
Total Assets $40,969,028 77
Common Stock Outstanding $7,197,800 00
Preferred Stock Outstanding 6,830,70000
Funded Debt Outstanding 23,919,000 00
C., P. & M. RR. Car Trust Notes 155,847 85
Current Liabilities 849,23595
Accrued Liabilities 315,673 21
Balance to Credit of Income Account.... 1,701,071 78
Total Liabilities $40,969,028 77
9. Capital Stock.— The capital stock issued up to June 30, 1901, amounted to $19,741,400, consisting
of $12,044,800 common stock and $7,696,600 preferred stock, but $4,847,000 of the common stock and
$865,900 cf the preferred stock were held in the treasury of the company. The capital stock may be in-
creased to a total of $10,000,000 in preferred stock and $15,000,000 in common stock, but must never exceed
the rate of $10,000 in preferred stock and $15,000 in common stock per mile of road completed and equipped.
Preferred stock has priority over common stock for dividends at the rate of 6 p. c. per annum, non-
cumulative, but is entitled to no further share of the yearly net profits.
10. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $23,919,000, as per gen-
eral balance sheet — consisted of the several issues of bonds, listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the state-
ment; and the details ot funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready
Reference Bond List — see General Index:
$2,709,900 C.&E.I. 1st s.f. 6s of Dec. 1, 1907, int. J.&D.
279,100 ditto held in the sinking fund.
97,000 D. & G. C. 1st 6s of May 1, 1920, int. M.&N.
91,000 C.&E.I. Ext. 1st 6s of Dec.1,1931, int. J.&D.
2,788,000 1st consol. gold 6s of Oct. 1, 1934.
$12,986,000 gen. con. & 1st 5a of Nov. l,1937,int.M.&N.
42,000 sk. fd. coll. trust gold 6s of Feb. 1, 1912.
4,626,000 C. & I. C. 1st 5s of Jan. 1, 1936, int. J. & J.
150,000 E. T. H. & C. inc.6s of Mayl,'20,int.M.&N.
150,000 I. B. C. RR. 1st s.f.7s of Julyl,'08,int.J.&J.
FIRST MORTGAGE BONDS, C. & E. I. RR. Co.— Secured on the main line from Dolton to Danville, 111.,
107.21 miles. Under the terms of the mortgage any of the bonds issued thereunder which become the
property of the sinking fund are no longer issuable, but they continue to bear interest at the rate of
6 p. c. per annum, which goes to further increase the sinking fund. The sinking fund accumulates at the
rate of $20,000 a year.
DANVILLE AND GRAPE CREEK RR. FIRST MORTGAGE BONDS. — Secured on road from Danville to Westville,
111., 7 miles.
«FIRST MORTGAGE EXTENSION BONDS. — Secured on the line from Grape Creek to Sidell's Grove, 111., 15.4
miles.
FIRST CONSOLIDATED MORTGAGE BONDS. — Secured on all the property of whatever description owned by
the company prior to consolidation with the Strawn and Indiana State Line and the Chicago, Danville
and St. Louis RR. Cos., Nov. 12, 1887. The trustee holds an amount of these bonds sufficient for the retire-
ment of prior liens.
GENERAL CONSOLIDATED AND FIRST MORTGAGE BONDS.— Secured on all the property acquired by the com-
pany since the consolidation of Nov. 12, 1887, besides being a lien on all the company's property, of what-
ever name or nature, subject, however, to prior liens, for the retirement of which a sufficient amount of
these bonds is reserved in trust. The issue is limited to $30,000,000, at the rate of $18,000 per mile of
single track, $8,000 per mile additional for double track, and $7,000 per mile for equipment, the issue
under the last-mentioned provision, however, not to exceed the actual cost of equipment.
CHICAGO AND INDIANA COAL FIRST MORTGAGE BONDS. — Secured on the line from Brazil, Ind., to La
Crosse, Ind., the link from Percy June., Ind., to Illinois State line, and the 9.67 m. of coal branches (see
Manual for 1894, page 376) ; a total of 174.30 miles. The issue is limited to $18,000 per mile of single track
road and $7,000 per mile for equipment, with provision for a further issue of $8,000 per mile for double
track.
EVANSVILLE, TERRE HAUTE AND CHICAGO BONDS.— Secured by first mortgage on the line from Danville
Junction, 111., to Otter Creek Junction, Ind., 48.58 miles. These were issued as income bonds, but are
now fixed-interest-bearing.
INDIANA BLOCK COAL BONDS. — Secured by mortgage on the line from Otter Creek Junction to Brazil, Ind.,
12.62 miles. There is a sinking fund of $1,500 a year, applicable to the purchase of bonds at par, but
there can be no drawings.
11. Board of Directors, C. & E. HI. RR. Co., as constituted June 5, 1902.
Term expires June, 1903.
H. H. Porter New York, N. Y.
A. R. Flower
Henry Seibert "
M. J. Carpenter Chicago, 111.
Term expires June, 1904.
Geo. H. Ball Boston, Mass.
O. S. Lyford Chicago, 111.
Geo. S. Brewster. .New York, N. Y.
Term expires June, 1905.
C. W. Hillard Chicago, 111.
R. M. Hoe New York, N. Y.
J. G. English Danville, 111.
F. S. Flower New York, N. Y.
Executive Committee: H. H. Porter, Chairman; F. S. Flower, M. J. Carpenter, Henry
Seibert, C. W. Hillard.
H. H. PORTER, Chairman of Board New York, N. Y.
M. J. CARPENTER, President Chicago, HI.
O. S. Lyford, Vice-President " "
C. W. Hillard, 2d Vice- President and Treasurer " "
Secretary and Auditor— A. M. Smith Chicago, El. | Asit. Treasurer— F. S. Flower New York, IX. Y.
PRINCIPAL OFFICE AND ADDRESS 355 Dearborn St., Chicago, 111.
POOR'S MANUAL OF RAILROADS.
313
CHICAGO AND NORTHWESTERN RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Bonds held in Treasury
Bonds in Sinking Funds. . .
Bonds to be Refunded
Capital Stock
Contracts and Agreements.
Directors and Officers
Earnings, Expenses, etc. . .
Funded Debt, Details of 8
Gen. Balance Sheet, May 31, 1901. 6
Gen. Balance Sheet, 1895-1901... 14
Guaranties 9
History 3
Income Account, May 31 , 1901 ... 5
Land Department 13
Leased Lines, Statements of 15
Mileage and Equipment. 1895-1901 14
Mileage Operated May 31, 1901 ... 1
Mileage Operated April 1, 1902... 3
Operations and Income, 1895-
1901 14
Rolling Stock 4
1. Mileage Operated, May 31, 1901.
Main Line of Road : Chicago, 111., to East Omaha, la 492.00 m.
Other Divisions and Branches owned in Fee Simple 5,008.72 m. — 5,500.72 miles.
PROPHIETARY LINE: Princeton and Western BE., Junction to Necedah, Wis. 16.06 "
LEASED : St. Paul East. Grand Trunk By. (see appended statement, therefor). . 60.02 "
Total length of lines operated, May 31, 1901 5,576.80 miles.
2d track, 714.06 m. ; sidings, 1,975.43 miles. (The mileage of sidings includes 34.55 m. of
spur tracks on the Ashland Division that are leased to manufacturing companies.) Gauge,
4 ft. 8i in. Rail in main and 2d track (steel, 6,100.82 m.), 72, 80, and 90 Ibs.
la. Statement of mileage of railroad operated on May 31, 1901, classified by divisions :
WISCONSIN DIVISION (556. 85 miles): Miles.
Chicago, 111., to Green Bay, Wis. (via Janesv.).242.20
Chicago, 111., to Fond du Lac June., Wis. (via
Milwaukee) 147.63
North 40th Ave., Chicago, to Mayfair, 111 5.20
Mayfairto North Evanston, 111 7.69
Kenosha, Wis*., to Rockford, 111 72.10
Sheboygan to Princeton, Wis 78.40
Appleton Extension (to Water Power) 3.63
GALENA DIVISION (405.76 miles) :
Chicago, 111., to Miss. Riv., opp. Clinton, la,... 137. 00
Chicago to Freeport, 111 121.00
Chicago South Br. Track June, to River 4.50
Elgin, 111., to Williams Bay, Wis . 51.04
St. Charles to Aurora, III 11.80
Cortland to Sycamore, 111 4.64
Belvidere to Spring Valley, 111 75.78
IOWA DIVISION (560.73 miles) :
E. Bank of Miss. Riv. to Mo. Riv., opp. Omaha. 354. 00
Clinton, la., to State Quarry, beyond Anamosa. 73.57
Slanwood to Tipton, la 8.50
Des Moines to June, with Northern Iowa Div. . . 57.34
Carroll tollarlan,la 41.11
Junction near Manning to Audubon, la 17.00
Cedar Rapids Cut-off. .*". 5.96
Boone, la., to Coal Banks 3.25
IOWA AND MINN. DIVISION (326. 75 miles) :
Belle Plaine to Muchakinock, la 64.00
Belle Plaine, la., to Sanborn, Minn 241 .20
Stark to Buxton, la 21.55
NORTHERN IOWA DIVISION (357.17 miles) :
Tama, la., to Elmore, Minn 164.56
Eagle Grove, la., to South Dakota State Line . .145.20
Jewell Jc., la., to June, with Des Moines Line.. 1.75
Burt, la., to Fox Lake, Minn 45.66
WESTERN IOWA DIVISION (320.50 miles) :
Jewell Junction to Onawa, la 141.53
Maple River Junction to Carnarvon, la 13.00
Wall Lake to Moville, la 79.87
Wall Lake to Denison, la 24.80
Boyer to Mondamin, la 61 .30
MADISON DIVISION (509.27 miles) :
Belvidere, 111., to Winona. Minn 227.00
Evansville to Janesville, Wis 15.68
Aft on to Janesville, Wis 6. 10
Medary to La Crosse, Wis 3.96
Trempealeau to Galesville, Wis 6 . 71
Necedah June, to Necedah, Wis 16.06
Milwaukee to Montfort, Wis 140.88
Miles.
Galena, 111., to Woodman, Wis 76.84
Ipswich to Platteville, Wis 4.00
Lancaster Junction to Lancaster, Wis 12.04
ASHLAND DIVISION (818.74 miles) :
Lake Shore June, to Ashland, Wie., via Waters-
meet.... 386.13
Monico Junction to Hurley, Wis* 88.11
Two Rivers Junction to Two Rivers, Wis 6.35
Hortonville to Oshkosh, Wis 23.10
Eland Junction to Marslifield, Wis 63.87
North of Antigo to East Bryant Switch, Wis. . . 7.27
Pratt Junction to Harrison, Wis 17.85
Parrish Junction to Parrish, Wis 4.54
Watersmeet to Choate, Mich 22.82
Interior Junction to Interior, Mich 1.61
CraigBmere to Robbins 3.47
Hurley to End of Track 12.97
Potato River Junction to End of Track 2.60
Extension through Section 34 1.34
Branches and Extensions to Iron Mines 34.22
Spurs to Industrial Establishments 21.44
Northern Jc. to end of track beyond Laona 61 .03
Clintonville to Oconto (leaned) 56.00
Spurs to Industr'l Establishments (leased). 4.02—60.02
PENINSULA DIVISION (464.44 miles) :
Green Bay, Wi*., to Republic, Mich 202.64
dowry to Michigamme, Mich 10.44
Wabik to Champion, Mich 1.23
Powers to Wutersmeet, Mich 104.33
Stager to Amasa, Mich 24.10
Narenta to Metropolitan, Mich 34.86
Branches and Extensions to Iron Mines 86.84
MINNESOTA AND DAKOTA Div. (1,250.59 miles) :
Winona, Minn., to Pierre, S. D 486.01
Plainview Junction to Plaiuview, Minn 15.01
Chatfleld Junction to Chatfield, Minn 11.46
Rochester to Zumbrota. Minn 24.48
MankntoJunc.to New Ulm. Minn. (n'aMankato) 29.33
Sleepy Eye to Redwood Falls, Minn. . . 24.40
Sanborn, to Vesta, Minn 26.40
Tracy, Minn., to Gettysburg, 8. D 238.73
Tyler, Minn., to Astoria, S. D 32.20
Sioux Valley Junction to Wittertown, S. D 43.83
James Valley Junction to Oakes, N. D 131.95
Doland to Groton, S. D 38.84
Iroquois to Hawanlen, S. D 125.49
Centerville to Yankton, S. D 28.46
Total length of liues May 31, 1901 5,576.80
2. Contract* and Agreement*.— Th« company has contracts and agreements with other rail-
road companies, as follow*: With th» Chicago, Burlington and Quincy, securing to that company the joint
Uie of the bridge over the Mississippi River at Clinton, la., at an annual rental of $20,000; with the
company just named and the Chicago, Rock Island and Pacific, giving them joint use with this company of
certain sidings in Council Bluffs, la.; with the Union Pacific By. Co., agreement of Oct. 18, 1889, for the
establishment of a joint through line over the lines of both parties, to be in force for 10 years from Nov. 1,
314 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
1889; with the Chicago, St. Paul, Minneapolis and Omaha, providing for joint running arrangements between
Chicago and St. Paul, and division of earnings upon a pro rata per mile; and with the Duluth, Red Wing
and Southern, by which that company acquires the joint use of certain tracks and buildings in Zumbrota,
Minn.
The Chicago and Northwestern Ry. Co. owns the entire capital stock of the Fremont,
Elk horn and Missouri Valley RR. Co. and a majority of the capital stock of the Chicago, St.
Paul, Minneapolis and Omaha Ry. Co.
3. History. — Organized on June 6, 1859, to take title to the property of the Chicago, St.
Paul and Fond du Lac RR. Co., which was sold under foreclosure on June 2, 1859. The
railroad then extended from Chicago, 111., to Fond du Lac, Wis., a distance of 177 miles.
The system has been enlarged from time to time through the acquisition of other railroads, or
through extensions built chiefly by proprietary companies, all of whose stocks and bonds
were owned by the Chicago and Northwestern Ry. Co. In the MANUAL for 1885, on pages
656-658, is a detailed history of the system brought down to the year 1885, and in subse-
quent editions Inter developments are recorded. (See MANUAL for 1901, pages 200-201.)
During the fiscal year ending May 31, 1901, extensions and new lines were completed and
put in operation as follows: Tyler, Minn., to Astoria, S. D., 32.20 miles, opened in July,
1900 ; Mankato to New Ulm, Minn., 25.58 miles, opened in July, 1900 ; Belle Plaine, la., to
Fox Lake Minn., 194.16 miles, opened Sept. 1, 1900 ; and 21.55 miles of the Southern Iowa
Ry. (see next paragraph), from Stark to Buxton, la., opened Jan. 7, 1901. The cost of these
extensions, amounting in the aggregate to $1,847,203. 98, has been charged to Cost of Property
account.
On June 6, 1901, the company absorbed three subsidiary corporations, which had been
organized to construct extensions of the system, as follows : Southern Iowa Ry. Co., to build
from Stark, la., in a generally southerly and southwesterly direction through Mahaska and
Monroe Counties, a distance of about 56 miles; Princeton and Northwestern Ry. Co., to
build from Princeton to Marshfield, Wis., from Grand Rapids to Nekoosa and from Neshkoro
to Red Granite Quarries, a total of 100.42 miles ; and Peoria and Northwestern Ry. Co., to
build from Nelson to Peoria, 111., a distance of 85 miles. To provide for the construction of
these extensions first mortgage gold bonds of the respective companies were authorized — to
the average amount of $20,000 per mile of the Southern Iowa Ry. and of the Princeton and
Northwestern Ry., and to the average amount of $25,000 per mile of the Peoria and North-
western Ry. As stated in the preceding paragraph 21.55 miles of the Southern Iowa Ry.
were completed and put in operation before the close of the fiscal year. The Princeton and
Northwestern Ry., between Princeton and Marshfield, including the Red Granite Branch, was
completed and put in operation on Dec. 2, 1901. The Nekoosa Branch is still under construc-
tion. The Peoria and Northwestern Ry., 85 miles, was opened for traffic on Jan. 20, 1902.
Of the aggregate of $1,120,000 of bonds authorized for the construction of the Southern Iowa
Ry., $431,000 had been issued May 31, 1901, against the 21.55 miles of the road completed to
that date.
The old line of the Boone County Ry. (Boone to Ogden, la.), 11.3 miles in length, has
been abandoned for through traffic and a new line built between the same points but on a
different location. The new line is 7.25 miles in length, double track, and includes a double-
track steel viaduct and bridge, 2,685 feet long, over the Des Moines River and valley. The
entire cost of this road, amounting to $1,108,326.96, has been charged against the net income
of the past fiscal year, and the bonds of the Boone County Ry., $1,000,000 in amount, received
by the Chicago and Northwestern Ry. Co. in payment for its construction, hare been cancelled.
This company having purchased the railroad property of the Sioux City and Pacific RR.
Co. took possession thereof on Sept. 1, 1901. The line from California Junction, la., to Fre-
mont, Neb., has been leased to the Fremont, Elkhorn and Missouri Valley RR. Co., that
company also to have trackage rights between California Junction and Missouri Valley, la.
A branch of the Sioux City and Pacific RR., from Sargents Bluff to Moville, la., 20 miles,
was opened for traffic on Nov. 25, 1901. The Sioux City and Pacific RR. Co. has not lost its
corporate existence, but still remains a distinct entity (see subjoined statement, Sec. 15).
In Jan., 1902, the company purchased all the stocks and bonds of the Chicago, Iowa and
POOR'S MANUAL— CHICAGO AND NORTHWESTERN RY. CO.
315
Dakota Ry. Co. (see MANUAL for 1901, page 601), and is now operating that road as a part of
its Northern Iowa Division.
In consequence of the several additions and acquisitions referred to in the foregoing para-
graphs the mileage operated by the Chicago and Northwestern Ry. Co. on April 1, 1902, was
as follows :
Mileage operated May 31, 1901, as per statement in Sec. 1 5,676.80 miles.
Princeton and Northwestern Ry.: Princeton to Marshfield, Wis., and branch. 93.50 "
Peoria and Northwestern Ry. : Nelson to Peoria, 111 85.00 "
Sioux City and Pacific RR. ; Missouri Valley to Sioux City, la., and branch. . 95.65 "
Chicago, Iowa and Dakota Ry. : Eldora Junction to Alden, la 26 . 40 "
Total mileage operated, April 1, 1902 5,877.35 miles.
4. Rolling Stock, May 31, 1901. — Locomotives, 1,060. Revenue cars — 1st class passen-
ger, 491 ; 2d class, 35 ; parlor, 22 ; dining, 10 ; chair, 33 ; buffet and cafe, 11 ; combination,
121 ; baggage and express, 166 ; mail, 45 ; milk, 47; freight (box, 22,673; gondola, 6,500;
flat, 4,145 ; stock, 3,381 ; refrigerator, 896 ; iron ore, 4,351), 40,846— total, 41,827. Also, 908
service cars.
5. General Income Account, year ending May 31, 1901.
Expenses— Maint. of Way and Structures. $5,540,098 83
Maintenance of Equipment. . . 3,855,973 95
Conducting Transportation... 15,591,534 54
General Expenses 864,082 03
Earnings— Passenger $9,718,190 87
Freight 31,364,94540
Mail and Express 1,635,180 78
Miscellaneous 380,270 06
Total ($7,825.92 per mile) $43,098,587 11
Net Earnings (40.02 p. c.) $17,246,897 76
Income from Investments 577,080 00
C., St. P., M. & O. Dividends :
Preferred Stock (7 p. c.) 376,600 00
Common Stock (5 p. c.) 466,000 00
Total ($4,694.20 per mile) $25,851,689 35
Taxes ....................................
Revenue Tax Stamp .....................
Interest on Bonds and General Interest..
Appropriated for Construction, etc .......
Sinking Funds ...........................
Dividends on Preferred Stock (7 p. c.). . . .
Dividends on Common Stock (6 p. c.) .....
$1,318,039 91
60,269 16
7,241,981 39
4,169,526 06
225,000 00
1,567,650 00
2,346,744 00
Total, Net Income $18,666,577 76 Total Payments $16,929,210 52
Surplus, $1,737,367.24; surplus forward, $6,291,598.48— total, $8,028,965.72.
Interest on bonds includes interest amounting to $74,629.63, paid in advance of maturity
on bonds taken up and funded into 3| p. c. gen. mtge. gold bonds of 1987.
6. General Balance Sheet, May 31, 1901 (5,516.76 miles).
Cost of Property $184,310,554 39
F. L. & T. Co., Trustee.. $6, 245, 054 54
Cen. Trust Co., Trustee.. 362,160 00
Union Trust Co., Trustee 3,161,000 00— 9,768,214 54
F., E. & M. V. RR. Bonds in Trust.... 13,235,000 00
Cost of F., E. & M. V. RR. Stock 1,981,500 00
Stock of C., St. P., M. & 0. Ry. Co 10,000,000 00
C. & N. W. Stock in Hands of Treasurer 2,337,522 61
C. & N. W. Bonds on Hand 3,799,000 00
Advances to New Lines under Construc-
tion, not yet capitalized 1,477,797 54
Materials and Supplies on Hand 2,361,550 27
Sundry Current Accounts 2,652,229 50
Bills Receivable 132,483 11
Cash 2,407,17067
Total Assets $234,463,022
Common Stock and Scrip (see Sec. 7)..
Preferred Stock and Scrip (see Sec. 7)..
Funded Debt Outstanding (see Sec. 8).
Sundry Bonds in Sinking Fds. (Sec. 10)
Bonds on Hand Owned by Co. (Sec. 11)
Bonds on Hand to be Refunded (Sec. 12)
Sinking Fund Payments and Accretions.
Supplies, Materials and May Accounts.
Current Pay Rolls, Payable in June ....
Due to Other Companies
Balance Sundry Proprietary Accounts..
Unpresented Coupons and Old Dividends
Bond Interest, Due June 1, 1901
Accruing Bond Interest, Unmatured.. ..
Past Due Iowa Midland Bonds
Dividends Payable July 8, 1901
Balance of Income Accounts:
Railroad $8,028,965 72
Consol. Coal Co.... Dr. 158,163 95
Land Department 626,785 68 —
$41,448,365 97
22,398,954 56
137,579,500 00
3,885,500 00
3,666,000 00
133,000 00
9,768,214 54
1,536,797 22
1,615,136 39
351,699 18
113,605 16
157,630 02
592,235 00
1,148,512 64
5,000 00
1,565,284 50
8,497,587 45
Total Liabilities $234,463,022 63
7. Capital Stock. — Of the capital stock as per general balance sheet, $2,333,688.05 of common stock
and scrip, and $3,834.56 of preferred stock and scrip, are owned by the company, leaving outstanding $39,-
114,677.92 of common stock and scrip, and $22,395,120 of preferred stock and scrip. Preferred stock is first
entitled to dividend up to 7 p. c. ; common stock then to same rate ; preferred then to additional dividend
up to 3 p. c. (in all 10 p. c.); common stock then entitled to additional dividend up to same rate; both share
alike in any further dividends. A statement showing the amount of capital stock, including that owned
by the company at the close of each fiscal year, and the rates of dividends paid, from 1862 to 1897, is in the
Manual for 1898, page 373.
8. Funded Debt Outstanding.— The funded debt outstanding on May 31, 1901— total, $137,579,500,
as per general balance sheet — consisted of the several issues of bonds listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto appended to the
316 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
statement; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in
Ready Reference Bond Last — see General Index:
Gen. Mtge. and Underlying Bonds (total, $129,807,500):
O. & N. W. Ry. Gen. Gld. 3Js ofNov.1,1987. $11,828,000
Esc. & L. Sup. Ry. 1st 6s of July 1, 1901... 270,000
C.&N.W.Ry.,Iowa Div. Ist4jsof April 1,1902 162,000
C.&N.W.Ry.Gen.Con. Gld.7s of Dec.1,1902. 7,542,000
Mil. & Mad. Ry. 1st 6s of Sept. 1, 1905 1,600,000
Chicago & Toman RR. 1st 6s of Nov.1,1905. 1,528,000
Ch.,Mil.&N.W. Ry. Const. 6s of Nov.1,1905 601,000
Menominee River RR. 1st 7s of July 1,1906. 400,000
Menom. River RR.Ext.lst 7s of Julyl,1906. 160,000
Des M. & Minn. RR. 1st 7s of Feb. 1, 1907. 600,000
M.L.S.&W. Ry. Conv. Deb. 5s of Feb.1,1907 436,000
Dak.C.Ry.lst(W.&St.P.Cn.)6s of Sep.1,1907 1,007,000
W.&St.P.RR.2d(now 1st) 7s of Nov. 1,1907. 1,592,000
Dak.C.Ry.(S.E.Div.)lst 6s of Nov. 1, 1907. 2,000,000
Roch. & No. Minn. Ry. Iat7s of Sept.1,1908. 200,000
Plainview RR. 1st 7s of Sept. 1, 1908 100,000
Minn. Valley Ry. 1st 7s of Oct. 1, 1908 150,000
O., C. F. & St. P. Ry. 1st 5s of Mar. 1,1909. 1,600,000
C. R. & Mo. Riv. RR. 1st 7s of June 1, 1909 769,000
C.&N.W.Ry. 25-yr. Deb. 5s of Nov. 1 1909. *5,369,000
No. 111. Ry. 1st '5s of March 1, 1910 1,500,000
Mad. Ext. Sk. Fd. 7s of April 1, 1911 2,977,500
M. L. S. & W. Ry. Inco. 6s of May 1, 1911.. $500,C
Menom. Ext. 1st Sk. Fd. 7s of June 1,1911 2,r,;
C.&N.W.Ry.Con.Sk. Fd. 7s of Feb. 1, 1915 12,832,000
C.R.&Mo.Riv.RR.3dDiv. Ist7s of Mayl.1916 2,332,000
W.&St.P.RR.(Ex.W.Dv.)lst7s of Dec.1,1916 4,038,500
N. W. Union Ry. 1st 7s of June 1, 1917.... 3,3(55,000
C.&N.W.Ry.30-yr.Deb. 5s of Apr. 15, 1921 9.819.C
M.L.S.&W. Ry. Cons. 1st 6s of May 1, 1921 5.000.C
M.L.S.&W.Marsh.Ex. 1st 5s of Oct. 1, 1922
M.L.S.&W.lst(Mich.Div.)6s of July 1, 1924. 1,-J
M.L.S.&W.lst(Ash.Div.) 6s of Mar. 1, 1925. 1,0
C. & N. W. Ry. Ext. 4s of Aug. 15, 1926.... tl7,4
M.L.S.&W.Ext.&Imp.Sk.Fd.5s of Feb.1,1929 4,148,000
C. & N. W. Ry. Sink. Fd. 6s of Oct. 1, 1929. 5,878,000
C. ft N. W. Ry. Sink. Fd. 5s of Oct. 1, 1929. 6,987,000
C.&N.W.Ry.Sink. Fd.Deb.5s of May 1, 1933. J9.800.000
First Mtge. Bonds on new lines, issued subsequent to
General Gold Mortgage of 1897 (total, $7,772,000):
Boyer Valley Ry. 1st 3Js of Dec. 1, 1923..
Minn. & Iowa Ry. 1st 3Js of June 1, 1924 . . .
Minn. & So. Dak. Ry. 1st 34s of Jan. 1, 1935
lowa.Minn.&N.W.Ry. 1st 3 ?s of Jan. 1,1935
1,440,000
1,904,000
528,000
3,900,000
• $1,966,500 of these bonds were issued for the purchase of Fremont, Elkhorn and Missouri Valley RR.
Co. stock, t $13,235,000 of these bonds were issued for the construction of the Fremont, Elkhorn and
Missouri Valley RR., and the interest on them is paid by the F., E. & M. V. RR. Co. J These bonds were
issued for the purchase of Chicago, St. Paul, Minneapolis and Omaha Ry. Co. stock. These several issues
amounting to $25,001,500, deducted from the total amount outstanding ($137,579,500), leaves $112,578,000
(or $20,406.54 per mile) as the net amount issued to cover the 5,516.76 miles of the Chicago and North-
western Ry.
GENERAL MORTGAGE GOLD BONDS OF 1987. — Secured by mortgage or deed of trust on 5,030.82 miles of the
railroad owned by the Chicago and Northwestern Ry. Co. on May 31, 1901, the lines not covered being the
following: Boyer Valley Ry., from Wall Lake to Denison, la., 24.8 miles, and from Boyer to Mondamin, la.,
61.3 miles; Minnesota and Iowa Ry., from Burt, la., to Vesta, Minn., 119.1 miles; Boone County, Ry.,
from Boone to Ogden, la., 7.25 miles; Mankato and New Ulm Ry., from Mankato to New Ulm, Minn., 25.58
miles; Minnesota and South Dakota Ry., from Tyler, Minn., to Astoria, S. D., 32.20 miles; Iowa, Min-
nesota and Northwestern Ry., from Belle Plaine, la., to Fox Lake, Minn., 194.16 miles; and Southern Iowa
Ry., from Stark to Buxton, la., 21.55 miles. The amount of bonds authorized under the mortgage is $165,-
000,000, of which the company reserved $131,645,000 for the retirement of underlying bonds and funded
obligations, and $33,355,000 to provide for the betterment or increase of the company's property, $4,000,000
of these to be issued in such amounts and at such times as called for by the board of directors or by the
executive committee, and the balance ($29,355,000) from time to time in such amounts, not exceeding
$1,000,000 in any one year, as may be required to meet the cost of permanent improvements and additions,
including equipment, which shall have been actually made. In addition to the $117,979,500 of underlying
bonds detailed in the statement of funded debt, the following bonds, held in the company's sinking fund,
or deposited as collateral for other issues of the company's bonds, are prior in lien to the gen. mtge.
gold bonds, and are to be retired by issue thereof: $440,000 1st mtge. 4s of the Wisconsin Northern Ry. Co.,
$785,000 1st mtge. 6s of the Winona and St. Peter RR. Co. and $7,230,000 1st mtge. 6s of the Dakota
Central Ry. Co. Under date of July 9, 1897, $20,000,000 of the bonds, bearing interest at the rate of 3J p. c.
per annum, were sold under contract for future delivery, for the purposes of retiring about $18,000,000 of
bonds maturing from 1898 to 1902 and of providing for the betterment or increase of the company's property
by construction of second main tracKS, addition to equipment, and other permanent works and improvements.
Of these bonds, $12,145,000 were issued prior to May 31, 1901, $2,000,000 of them as part of the $4,000,000
provided for betterments and additions and $10,145,000 for the retirement of underlying bonds, but $317,000 of
them were held in the sinking fund, leaving $11,828,000 outstanding. There were also issued prior to May
31, 1901, $3,000,000 of bonds out of the $29,355,000 provided to be issued at not exceeding the rate of
$1,000,000 a year, and $185,000 to refund an equal amount of sinking fund bonds of 1879, which had been
redeemed by action of the sinking fund, but the entire $3,185,000 of such bonds were held in the treasury of
the company unsold. The mortgage provides that the prior lien bonds shall be paid, retired or refunded
at or before maturity, and in no event be extended, so that thereafter this mortgage shall be a first lien
upon the entire property and assets of the company. All prior lien bonds acquired in exchange for gen.
mtge. gold bonds of 1987 are to be deposited with the trustees of the latter as additional security therefor.
The bonds will bear interest at such rate not exceeding 5 p. c. per annum as from time to time the board
of directors may determine and as shall be designated in the bonds when issued.
ESCANABA AND LAKE SUPERIOR RY. FIRST MORTGAGE BONDS. — Secured on 36 miles of road, from Escanaba,
Mich., to Felch Mountain Iron Mines.
C. & N. W. RY. IOWA DIVISION FIRST MORTGAGE BONDS.— Secured on the line from Wall Lake to Kingsley,
la., 71 miles.
C. & N. W. RY. GENERAL CONSOLIDATED GOLD BONDS. — Secured by mortgage lien on 1,699.92 miles of
railroad (Chicago, 111., to Ishpeming, Mich., including branches to mines; Chicago, 111., to the Missouri
River opposite Omaha, Neb.; Chicago to Freeport, 111.; Chicago, 111., to Fond du Lac, Wis. ; Belvidere,
111., to Winona, Minn.; Elgin, 111., to Lake Geneva, Wis.; Kenosha, Wis., to Rockford, 111.; Clinton to Ana-
mosa, la. ; Stanwood to Tipton. la. ; Geneva to Batavia, 111. ; Geneva to St. Charles, 111. ; also the South
Chicago Branch track and the Montrose Cut-off track), together with all the equipment, depot grounds,
shops, machinery, leaseholds and proceeds of land grant appertaining to that mileage, but subject to the
liens of prior mortgages. A sinking fund of 1 p. c. per annum began on June 1, 1874, and is applied to
the purchase of bonds at not above par. The amount of bonds provided for under the mortgage was
$48,000,000, of which the company reserved $35,349,000 for the retirement of an equal amount of prior lien
bonds, and it was provided that the remaining $12,651,000 should be issued from time to time as needed for
additions and improvements.
MILWAUKEE AND MADISON RT. FIRST MORTOAOI BONDS.— Secured on 82 mile* of railroad, from Mil-
waukee to Madison, Wis.; also by guaranty of the Chicago and Northwestern Ry. Co., which guaranty la
executed under seal upon each bond.
CHICAGO AND TOMAH RR. FIRST MORTGAGE BONDS. — Secured on the lines from Galena, 111., to Woodman,
Wis.; Montfort to Madison, Wis.; Ipswich to Platville, Wis., and Lancaster Junction, Wis., in all 153.72
POOR'S MANUAL— CHICAGO AND NORTH WESTERN RY. CO. 317
miles, together with depots, grounds, and all other property appertaining to those lines. The bonds art
unconditionally guaranteed, both as to principal and interest, by the Chicago and Northwestern Ry. Co.
CHICAGO, MILWAUKEE AND NORTHWESTERN Ry. CONSTRUCTION BONDS. — Issued for the purpose of widening
to the standard 92 miles of narrow gauge line of the Chicago and Tomah Division, and constitute an
additional mortgage on the widened line, besides being a second mortgage on the remaining 61 miles of the
Chicago and Tomah Division. The total issue is $750,000, but $149,000 of the bonds are in the sinking fund.
MENOMIXEK KIVER RR. FIRST MORTGAGE BONDS. — Secured on the line from junction 22 miles west of
Escanaba to Quinnesec, Mich., 25 miles.
MEXOMIXEE RIVER RR. EXTENSION FIRST MORTGAGE BONDS. — Secured on the line from Quinnesec, Mich.,
to the Wisconsin State Line, 7.30 miles and branches, 2.70 miles — total, 10 miles.
DBS MOINES AND MINNEAPOLIS RR. FIRST MORTGAGE BONDS.— Secured on line from Des Moines to Jewel
Junction, la., 58 miles.
M., L. S. & W. RY. 20- YE GOLD CONVERTIBLE DEBENTURE BONDS.— Secured by the extension and improve-
ment sinking fund mortgage of Feb. 1, 1889, described in a subsequent paragraph.
DAKOTA CENTRAL RY. (W. & ST. P. RR. CONNECTION) FIRST MORTGAGE BONDS. — Secured on the line from
Watertown to Redfleld, S. D., 71 miles. The total amount of bonds is $1,065,000, of which $58,000 are held
alive in the sinking fund.
WINONA AND ST. PETER RR. SECOND (NOW FIRST) MORTGAGE, BONDS. — Secured by mortgage on the line
from Winona to St. Peter, Minn., 139 miles, besides having the guaranty of the Chicago and Northwestern Ry.
Co. endorsed on them.
DAKOTA CENTRAL RY. (SOUTHEASTERN DIVISION) FIRST MORTGAGE BONDS. — Secured on the line from
Iroquois, S. D., to Hawarden, la., 125.49 miles.
ROCHESTER AND NORTHERN MINNESOTA RR. FIRST MORTGAGE BONDS. — Secured on the line from Rochester
to Zumbrota, Minn., 24.48 miles. These bonds were assumed by the Winona and St. Peter RR. Co.
PLAINVIEW RR. FIRST MORTGAGE BONDS. — Secured on the line from Eyota to Plainview, Minn., 15.01
miles.
MINNESOTA VALLEY RY. FIRST MORTGAGE BONDS.— Secured on the line from Sleepy Eye to Redwood Falls,
Minn., 24.40 miles.
OTTUMWA, CEDAR FALLS AND ST. PAUL RY. FIRST MORTGAGE BONDS. — Secured on 64 miles of road, from
Belle Plaine to Muchakinock, la., and also by guaranty of the C. & N. W. Ry. Co.
CEDAR RAPIDS AND MISSOURI RIVER RR., 3D DIVISION, FIRST MORTGAGE BONDS. — Secured on the line from
Des Moines River, la., to the Missouri River opposite Omaha, Neb., 149.60 miles.
C. & N. W. RY. TWENTY-FIVE-YEAR DEBENTURES OF 1909.— The total amount of these bonds is $5,900,000,
of which $521,000 are held alive in the sinking fund and $10,000 are in the treasury of the company. The
C. & N. W. Ry. Co. guarantees that no increased mortgage debt, except for improvements, extensions,
etc., shall be issued upon the same property without providing equal security for these bonds. It is pro-
vided that in case of default for six months the trustee shall declare the bonds to be due and payable.
NORTHERN ILLINOIS RY. FIRST MORTGAGE BONDS. — Secured on the line from Belvidere to Spring Valley,
111., 76 miles.
MADISON EXTENSION GOLD BONDS. — Secured by mortgage on the line from Madison to Winona Junction,
Wis., 129.10 miles. A sinking fund of $23,000 per annum is provided for the retirement of these bonds.
The total amount of bonds is $3,150,000, of which $172,500 are held alive in the sinking fund.
M., L. S. & W. RY. INCOME BONDS. — Secured by pledge of earnings of the M., L. S. & W. Ry., under
agreement dated May 2, 1881.
MENOMINEE EXTENSION GOLD BONDS. — Secured by mortgage on the line from Fort Howard, Wis., to
Escanaba, Mich., 114.10 miles. A sinking fund of $20,000 per annum is provided for the retirement of
these bonds. The total amount of bonds is $2,697,000, of which $150,500 are held alive in the sinking fund.
C. & N. W. RY. CONSOLIDATED SINKING FUND CURRENCY BONDS. — Secured by first mortgage on road and
equipment as follows: Chicago to Clinton, 137 m. ; Chicago to Freeport, 121 m. ; Elgin to Richmond, 34.54
m. ; Belvidere to Madison, 68.90 m. ; Chicago to Fort Howard, 245.83 m. ; Escanaba to Negaunee, Mich.,
and Iron Mines, 108.85 m. ; Rockford to Kenosha, 72.10 m.— total, 788.22 miles. These bonds carry
voting power.
CEDAR RAPIDS AND MISSOURI RIVER RR. MORTGAGE BONDS OF 1884. — Secured on the line from Cedar
Rapids, la., to the Des Moines River, 122 miles.
WINONA AND ST. PETER RR. (EXTENSION WESTERN DIVISION) FIRST MORTGAGE BONDS. — Secured on the line
from St. Peter, Minn., to Watertown, S. D., 183.98 miles. The total amount is $4,241,000, of which $202,500
of bonds are held alive in the sinking fund.
NORTHWESTERN UNION RY. FIRST MORTGAGE BONDS. — Secured on the line from Milwaukee to Fond du Lac,
Wis., 62.63 miles; also on valuable terminal property in Milwaukee, Wis. The total issue is $3,500,000, but
$135,000 of the bonds are in the sinking fund.
C. & N. W. RY. THIRTY-YEAR DEBENTURES. — Authorized to the amount of $10,000,000, of which $181,000
are held alive in the sinking fund. It is stipulated in the trust agreement that no increased mortgage
debt, except for improvements, extension, or the like, shall be created without providing for these bonds
equal security with any additional bonds secured on the same property. It is provided that in case of default
for six months the trustee shall declare the bonds to be due and payable.
M.', L. S. & W. RY., CONSOLIDATED FIRST MORTGAGE GOLD BONDS. — Secured by first mortgage on the
following lines of railroad, whose combined length is 412.86 miles: Lake Shore Junction, Wis., to Michigan
State Line; Monico Junction, Wis., toward Hurley; Hortonville to Oshkosh, Wis.; Eland Junction to Wausau,
Wis.; Two Rivers June, to Two Rivers, Wis., and Antigo to Malcolm, Wis.
M., L. S. & W. RY., MARSHFIELD EXTENSION, FIRST MORTGAGE BONDS. — Secured by first mortgage on the
line from Wausau to Marshfield, Wis., 40 miles.
M., L. S. & W. RY., MICHIGAN DIVISION FIRST MORTGAGE GOLD BONDS. — Secured by first mortgage on the
line from Wisconsin State Line to the Montreal River, and on the Watersmeet Branch and branches to
mines, in all 81.89 miles.
M., L. S. & W. RY., ASHLAND DIVISION FIRST MORTGAGE GOLD BONDS. — Secured by first mortgage on the
line from Montreal River to Ashland, 39.62 miles, including dock, etc.
C. & N. W. RY. EXTENSION BONDS OF 1886.— Limited in issue to $20,000 per mile, or a total of $20,000,000.
They are a direct obligation of the company, and were issued on pledge of collateral bonds, which are
secured by first mortgages (maturing same date as these bonds) on lines from Mapleton to Onawa, la. ;
Lake City to Wall Lake, la.; Columbia, S. D., to Oakes, N. D. ; Redfield to Gettysburg, S. D. ; Doland
to Groton, S. T). ; Janesville to Evansville, Wis.; Kingsley to Moville, la.; cut-off at Cedar Rapids, la.;
Iron River to Watersmeet, Mich.; Ishpeming, Mich., to Michigamme, including branch; from Lake Geneva
to Williams Bay, Wis. ; Montrose to North Evanston, 111. ; and Crystal Falls to Amasa, Mich. ; the total
mileage being 317.29 m. ; and also of $10,675,000 F., E. & M. V. consols and $2,560,000 Wyoming Central
1st mtge. bonds, both of which are deposited with the trustee aa collateral. The F., E. & M. V. RR.
Co. pays the interest upon $13,235,000 of these bonds, which were used for account of the construction
of its road. The total amount of the bonds is $18,632,000, of which $1,143,000 are held alive in the sinking
fund.
318 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
M., L. S. & W. RY. EXTENSION AND IMPROVEMENT SINKING FUND MORTGAGE GOLD BONDS.— Secured on the
093.04 miles of railroad owned by the M., L. S. & W. Ry. Co. at the date of the mortgage, Feb. 1, 1888, but
subject to the liens of prior mortgages. The sinking fund commenced on Aug. 1. 1893, and receives yearly
a sum equal to 1 p. c. of the bonds issued, but not less than $25,000 bonds to be purchased if possible at 110
p. c.. but if not obtainable at that price the sinking fund to be invested. The authorized issue ia
85,000,000, of which $4,188,000 have been issued, but $40.000 of these are in the treasury of the C. & N.
W. Ry. Co.
C. & N. W. RY. SINKING FUND BONDS OF 1879.— These bonds are not secured by mortgage, but are a direct
obligation of the company, and are secured by deposit of an equal amount of 1st mtge. bonds (maturing same
date as these bonds) of roads built or acquired by the company, and secured on 1,041.50 miles of railroad aa
follows: Tracy, Minn., to South Dakota State Line, 58.12 m. ; Eyota to Chatfleld, Minn., 26.47 m.; Stanwood
to Tipton, la., 8.5 m. ; Michigan State Line, near Spread Eagle, to Wisconsin State Line, near Stager, 13.73 m. ;
Sheboygan to Princeton, Wis., 78.40 m. ; Janesville to Afton, Wis., 6.10 m. ; Carroll to Kirkman, la., 34.81 m. ;
Manning to Audubon, la., 17 m. ; Wisconsin State Line to Iron River, Mich., 21 m. ; Stager to Crystal Falls,
Mich., 9.10 m. ; branches to Mines, 68.76 m. ; Trempealeau to Galesville, Wis., 6.71 m. ; Sycamore to Cortland,
111., 4.64 m. ; Tama to Elmore, la., 164.56 m.; Eagle Grove to Hawarden, la., 145.20 m. ; Minnesota State Line
near Elkton to Pierre, S. D., 209.11 m. ; Huron to Columbia, S. D., 97 m. ; Brookings to Watertown, S. D.,
48.83 m., and Centreville to Yankton, S. D., 28.46 miles. Besides the amounts outstanding shown in the state-
ment of funded debt, there were on May 31, 1901, $63,000 of the 6 p. c. bonds and $70,000 of the 5 p. c.
bonds on hand fundable for 3i p. c. gen. mtge. gold bonds of 1987. A sinking fund of 1 p. c. per annum
is provided, under which $73,000 of the 5 p. c. bonds and $62,000 of the 6 p. c. bonds have been called
for payment since May 31, 1900.
C. & N. W. RY. SINKING FUND DEBENTURES OF 1933.— The C. & N. W. Ry. Co. guarantees that no in-
creased mortgage debt, except for improvements, extensions, etc., shall be issued upon the same
property without providing equal security for these bonds. There is a sinking fund of $200,000 per annum,
operative only if bonds can be purchased at not exceeding 105 and interest.
BOYER VALLEY RY. FIRST MORTGAGE GOLD BONDS. — Secured on lines from Wall Lake to Denison, la., and
from Boyer to Mondamin, la., together 86.1 miles. Authorized amount, $16,000 per mile.
MINNESOTA AND IOWA RY. FIRST MORTGAGE GOLD BONDS.— Secured on the line from Burt, la., to Vesta,
Minn., 119.1 miles. Authorized amount, $16,000 per mile.
MINNESOTA AND SOUTH DAKOTA RY. FIRST MORTGAGE GOLD BONDS. — Secured on the line from Tyler, Minn.,
to Astoria, S. D., 32.20 miles.
IOWA, MINNESOTA AND NORTHWESTERN RY. FIRST MORTGAGE GOLD BONDS. — Secured on the line from Belle
Plaine, la., to Fox Lake, Minn., 194.16 miles. Authorized amount, $16,000 per mile.
9. Guaranties — St. Paul Eastern Grand Trunk Ry. 1st mtge. 6 p. c. bonds of Jan. 1, 1913, of which
$1,120,000 are outstanding, are not included in the statement of funded debt, as the interest only, and not
the principal, is a liability of the C. & N. W. Ry. Co. The C. & N. W. Ry. Co. also guarantees $4,000,000
34 p. c. gold bonds of the Sioux City and Pacific RR. Co., and $7,725,000 consol. mtge. 6 p. c. bonds of
the Fremont, Elkhorn and Missouri Valley RR. Co.
10. Sundry Bonds In Sinking: Funds. — On May 31, 1901, the following bonds were in sinking
funds: $149.000 C., M. & N. W. Ry. construction 6s of Nov. 1, 1905; $58,000 Dakota Central Ry. (W &
St. P. RR. Connection) 1st 6s of Sept. 1, 1907; $521,000 C. & N. W. Ry. 25-yr. debentures of 1909; $172,500
Madison Extension 1st sinking fund 7s of April 1, 1911; $150,500 Menominee Extension 1st sinking fund 7s
of June 1, 1911; $202,500 W. & St. P. RR. (Extension Western Div.) 1st 7s of Dec. 1, 1916; $135000 North
Western Union Ry. 1st 7s of June 1, 1917; $181,000 C. & N. W. Ry. 30-yr. debentures; $1,143,000 C. & N. W.
Ry. extension 4s of 1886; $440,000 Wisconsin Northern Ry. 1st 4s of July 15, 1931; $317,000 C. & N W
Ry. gen. mtge. gold 3Js of 1987; and $416,000 Mankato and New Ulm Ry. 1st 3Js of Oct. 1, 19^9— a total
of $3,885,500.
11. Bonds on Hand Owned by the Company.— The company held in its treasury on Mav
31, 1901, the following bonds: $10,000 C. & N. W. Ry. 25-yr. debentures of 1909; $40,000 M., L, S. & W
Ry. extension and improv— «"«• siriking fund mortgage bonds; $3,185,000 C. & N. W. Ry. gen. mtee sold
Sis of 1987; and $431,000 fe. >wa Ry. 1st 3Js of Oct. 1, 1929— a total of $3,666,000.
12. Bonds to be Refunded. — These consist of $63,000 6 p. c. and $70,000 5 p. c. sinking fund
bonds of 1879 which were on hand owned by the company and fundable for 3J p. c. gen. mtge. gold bonds <
1987.
13. Land Department.— The total quantity of land sold during the year amounted to 43,753.44
acres and 1,627 town lots, the consideration received, payable in cash and in time installments, being $589,-
370.55. The acreage sold from the respective grants was as follows: Minnesota Grant, 23,975.43 acres for
$213.455.30, an average of $8.90 per acre; Michigan Grant, 4,163.44 acres for $33,924.05, an average of $815
per acre ; Wisconsin Grant, 10,187.53 acres for $100,851.72, an average of $9.90 per acre; Ashland Division Lands
5.427.04 acres for $9,051.60, an average of $1.67 per acre—total, 43,753.44 acres for $357,282.67. Adding $185.-
588.00 for town lots sold and $39,498.98 for sales of miscellaneous lands, makes the total consideration of
$.r)8?,370.55 as above. The gross receipts from land grants and town lots, deferred payments, interest on
deferred payments, trespasses and stumpage, were $614,720.90. The net receipts, being the amount after de-
ducting expenses of operation and cost of lands purchased for town sites, were $490,563.15. The receipts
of miscellaneous land sold, not required by the company, amounted to $36,450.72.
The sales of St. Paul Eastern Grand Trunk Ry. lands amounted to 3,120.17 acres, the consideration being
$9,533.28, an average of $2.99 per acre. The gross receipts from cash sales, deferred payments, interest,
trespass and stumpage amounted to $7,096.20.
The following statement shows the condition of the land grants on May 31, 1901 :
LAND GRANTS.
UNCONVEYED MAT 31, 1900.
Decrease,
Acres
Deeded.
Increase,
Acres
Canc'led.
UNCONVEYED MAY 31, 1901.
Acres
Not Sold.
Acres
Under
Contract.
Total.
Acres
Not Sold.
Acres
Under
Contract.
Total.
Minnesota
44,925.27
269,569.70
268,794.29
17,581.53
79,059.73
11,471.06
7,211.99
774.60
123,985.00
281,040.76
276,006.28
18,356.13
29.031.93
4,954.98
1,240.00
5,627.78
2,000.00
401.07
22,949.84
265,807.33
258,606.76
12,914.49
72,003.23
10,278.45
16,159.52
573.86
94,953.07
276,085.78
274.7Wi.23
*13,488.35
Michigan
Wisconsin
Ash 1 !in (1 Division
Total. . .
St. Paul E. Gd. Tk. Ry...
600,870.79
65,978.70
98,517.38
5,449.58
699,388.17
71,428.28
40,854.69
3,920.17
2,401.07
160.00
560,278.42
62,978.53
99,015.06
4,489.58
059.293.48
tC7,468.11
Gain— Marathon County, 760 acres.
t Loss— title failed, 40 acres.
POOR'S MANUAL — CHICAGO AND NORTHWESTERN SYSTEM.
319
14. Statement of property, operations, and capital account for seven fiscal years :
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad ......
5,080.78
5,030.78
6,942.03
5,120.13
1,010
658
180
35,425
9,459,187
14,662,063
15,117,298
340,377,973
13,822,906
1,713,655,944
$
7,044,691
19,484,415
1,579,268
5,030.78
5,030.78
7,037.78
5,128.98
1,010
662
185
35,064
9,703,643
16,809,353
15,241,910
361,600,670
17,082,389
2,372,365,483
$
7,408,827
24,354,622
1,725,312
5,030.78
5,030.78
7,132.03
6,191.49
1,010
663
186
35,063
9,923,503
14,871,286
13,821,065
341,108,883
15,225,138
2,254,027,285
8
6,963,578
22,236,612
1,777,053
5,076.89
5,070.78
7,217.91
5,259.78
1,010
662
186
35,713
10,240,114
15,640,433
14,036,388
860,562,986
19,693,634
3,030,610,175
9
7,256,299
27,035,105
1,759,157
5,076.89
5,076.89
7,363.73
5,354.25
1,010
667
193
37,216
10,681,578
15,489,673
15,225,02?
416,384,364
21,081,613
3,229,327,820
$
8,067,627
28,155,677
1,793,010
6,303.31
5,218.62
7,767.32
6,721.86
1,060
711
207
41,801
11,419,806
16,341,994
16,637,841
454,614,457
25,442,219
3,849,367,760
$
9,002,688
32,008,684
1,939,433
6,576.80
6,507.16
8,266.29
6,100.82
1,060
723
211
41,801
12,186,566
15,928,982
16,944,372
483,273,248
25,971,726
3,701,417,722
S
9,718,191
31,364,945
2,015.451
Average Miles Operated.
Miles of Track
Miles of Steel Bail
Locomotives
Passenger Cars
Baggage, etc., Cars
Freight and Other Cars.
Passenger Train Miles.
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved. . .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Gross Earnings
28,108,374
17,503,917
33,488,761
20,373,402
30,977,243
18,877,089
36,050,561
22,643,879
38,016,314
23,658,042
42,950,805
*30,316,452
43,098,587
*30,021,215
Operating Expenses
Net Earnings
10,604,457
652,275
13,115,359
671,638
12,100,154
964,312
13,406,682
1,064,615
14,358,272
1,370,893
12,634,353
1,493,639
13,077,372
1,419,680
Other Receipts
Net Income
11,256,732
1,007,811
7,071,135
325,830
(7) 1,563,450
(4) 1,562,096
def. 273,590
5,58728
3,479 36
2,10792
62. 27 p.C.
2.07 c.
1.15 C.
$
22,338,455
41,387,866
519,510
131,664,500
7,201,571
11,978,267
4,622,142
11,503,745
13,786,997
1,075,569
7,122,356
220,990
(7) 1,563,975
(5) 1,953,082
1,851,025
6,65677
4,049 75
2,60702
60.84 p. c.
2.05 C.
1.04 c.
9
22,353,455
41,402,866
13,064,466
1,061,732
7,115,701
196,412
(7) 1,564,955
(5) 1,953,695
1,171,971
6,157 54
3,752 32
2,405 22
60. 94 p. c.
2.04 c.
0.99 c.
S
22,367,455
41,416,866
14,471,297
1,102,606
7,416,284
197,260
(7) 1,565,629
(5) 1,954,195
2,235,323
7,109 47
4,465 56
2,643 91
62.81 p. c.
2.01 c.
0.89 c.
1
22,370,954
41,420,366
15,729,165
1,170,672
7,197,897
202,000
(7) 1,567,650
(5) 1,955,620
3,635,326
7,488 11
4,660 03
2,828 08
62.23 p. C.
1.94 c.
0.87 C.
$
22,398,955
41,448,366
14,127,992
1,219,603
7,186,376
202,500
(7) 1,567,650
(6) 8,346,744
1,605,119
8,230 30
t4,938 93
3,291 37
teo.oi p. c.
1.98 c.
0.83 c.
$
22,393,955
41,448,366
14,497,052
1,378,309
7,241,982
225,000
(7)1,567,650
(6) 2,346,744
1,737,367
7,825 92
t4,694 20
3,131 72
t59.98 p. C.
2.01 c.
0.85 C.
$
22,398,955
41,448,366
Payments — Taxes
Int.onB'ds.
Sink. Funds
Pref. Divs..
Com. Divs. .
Balance, Surplus
Gross Earnings per Mile
Oper. Expenses per Mile
Net Earnings per Mile..
Expenses to Earnings..
Aver. Rate p. Pass. p. M.
Aver. Rate p. Ton p. M.
Preferred Stock
Common Stock
Proprietary Stocks
Bonded Debt
131,528,500
7,590,936
8,447,000
5,335,816
4,671,974
131,387,500
7,994,050
8,407,000
5,232,100
6,116,938
133,645,000
8,590,352
134,645,000
8,975,322
144,833,000
9,369,157
242,893
8,681,948
6,411,177
145,264,000
9,768,215
Sinking Funds
General Liabilities
Current Liabilities
Income Accounts
5,965,983
8,441,839
6,477,647
7,324,473
7,085,900
8,497,587
Total Liabilities
231,216,056
180,795,491
7,201,571
37,619,746
1,866,138
1,421,649
2,311,461
221,330,547
170,283,850
7,590,936
36,767,605
2,164,195
1,777,149
2,746,812
222,921,909
171,855,855
7,994,050
36,941,245
2,165,974
1,739,318
2,225,467
220,434,494
175,498,009
8,590,352
28,185,640
1,818,471
2,136,795
4,205,227
221,269,763
174,353,318
8,975,322
30,231,419
1,039,021
2,451,689
4,218,994
233,385,496
182,061,957
9,369,157
31,707,477
2,826,922
2,832,443
4,587,540
234,463,023
184,310,554
9,768,215
32,830,820
2,361,550
2,784,713
2,407,171
Cost of Property
Sinking Fund
General Assets .........
Materials, etc
Bills, Accounts, etc
Cash
Total Assets
231,216,056
221,330,547
222,921,909
220,434,494
221,269,763
233,385,496
234,463,023
* Construction expenditures charged against income, amounting to $4,542,041.44 in the fiscal year 1900
nnd to $4,169,526.06 in the fiscal year 1901, are included in operating expenses in the above table, for
convenience, t Exclusive of construction expenditures.
15. RAILROADS OPERATED UNDER A LEASE ASSUMED BY THE C. & N. W. RT. Co.
Fremont, Neb., 31.77 m.— total, 127.42 m.; total
track, 160 miles. Rail (steel. 103 miles), 56, 60, and
72 Ibs. Chartered Aug. 1, 1864; road opened from
Missouri Valley to Sioux City and from California
Junction to Fremont on Feb. 11, 1869. The govern-
ment Hen on the road, arising from subsidy bonds
Issued In aid of Its construction, was sold to the
Chicago and Northwestern Ry. Co., on June 20,
1901, and a short time later the same company
acquired the prior lien and the rights of this com-
pany In Us railway property. Under date of Aug.
1. 1901, this company Issued for the retirement of
the government lien and of the prior Hen bonds,
$4,000,000 of 1st mtge. 3} p. c. gold bonds, matur-
ing Aug. 1, 1936. The bonds are guaranteed, both
as to principal and Interest, by the Chicago and
Northwestern Ry. Co. On Sept. 1, 1901, the line
from Missouri Valley to Sioux City and the branch
from Sargent's Bluff to Movllle (the latter not being
St. Paul Eastern Grand Trunk Ry.
— Oeonto, Wls., to Cllntonville, 56 m.; sundry spurs
to Industries, 4.02 m.— total, 60.02 miles. Rail
(steel, 58.77 m.), 52 to 60 Ibs. Organized Sept. 5,
1879; leased Oct. 30, 1884 (for 30 p. c. of gross earn-
ings), to the M., L. S. & W. Ry. Co., and lease &s-
sumed by the C. & N. W. Rv. Co. Capital stock,
$1,100,000; funded debt (1st gold 6s of Jan. 1, 1913),
$1,120,000— total, $2,220,000. The Interest on the
bonds, but not the principal, Is guaranteed by the
C. & N. W. Ry. Co., and is payable at the office of
that company In New York, N. Y. Marvin Hughltt,
Pres., Chicago, 111.; E. E. Osborn, Vlce-Pres., New
York, N. Y. ; M. M. Klrkman, Treas.; J. B. Red-
field. Sec., Chicago, 111. Offices. 22 Fifth Ave.,
Chicago, 111., and 52 Wall St., New York, N. Y.
Sioux City and Pacific RR. — Missouri
Valley to Sioux City, la., 75.65 m. ; Sargent's Bluff
to Movllle, la., 20 m. ; California Junction, la., to
820
POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
opened until Nov. 28, 1901) were taken over for
operation by the Chicago and Northwestern Ry. Co.
The line from California Junction to Fremont was
turned over under lease to the Fremont, Elkhorn
and Missouri Valley RR. Co., that company also re-
ceiving truckage between California Junction and
Missouri Valley. The Sioux City and Pacific RR.
Co. still maintains its corporate existence and remains
a distinct entity. Marvin Hughltt. Pres.. Chicago,
111.; E. E. Osborn, Vlce-Pres., New York, N. Y.;
H. R. McCullough, 2d Vlce-Pres., Chicago, 111.; M.
M. Kirkmun, Treas. ; J. B. Redfleld, Sec., Chicago,
111.
16. Board of Directors, Chicago and Northwestern Ry. Co.
Until June, 1903. Until June, 1904. Until June, 1905.
AlbertKeep Lake Geneva, Wis. Marvin Hnghitt Chicago.Ill. W. K. Vanderbilt. New York, N.Y.
Chimncey M.Depew. New York, N.Y. N. K. Fairbank " " F. W. Vanderbilt.
Samuel F. Barger. .. " James Stillman New York, N. Y. H. McK. Twombly "
James C. Fargo " " Oliver Ames Boston, Mass. Byron L. Smith Chicago, III.
M. L. Sykes " " Zenas Crane Dalton, Mass. Cyrus H.McCormick..
David P. Kimball Boston, Mass. Marshall Field
Executive Committee : Marvin Hughitt, Chauncey M. Depew, S. F. Barger, H. McK.
Twombly, David P. Kitnball, W. K. Vanderbilt, James C. Fargo, Marshall Field.
MARVIN HUOHITT, President Chicago, 111.
E. E. Osborn, Vice-President and Secretary New York, N. T.
Zd Vice- President— M. M. Kirkman Chicago, 111. General Manager— -W '. A. Gardner Chicago 111.
3d Vice-President— H. R. McCullongh " " Treasurer & Asst. Sec.—S. O. Howe. .New York, N. Y.
4<A Vlce-Presidefit— John M. Whitman.... " " Aud.,Asst.Sec.,&Asst.Treas-3.R. Redfleld. .Chicago.Ill.
Asst. Treas. & 2d Asst. Sec.—H. H. Williams. ..New York, N. Y.
CHICAGO OFFICE No. 22 Fifth Avenue.
New York Office No. 52 Wall Street.
CHICAGO AND NORTHWESTERN SYSTEM. — FREMONT, ELKHORN AND
MISSOURI VALLEY RR. CO.
Main Line of Road.— Omaha, Neb., to Dead wood, S. D 592.08 m.
Extensions and Branches (details appended) 770.76 m. — 1,362.84 miles.
Sidings, etc., 146.08 miles. Gaiige, 4 ft. 8£ in. Rail (steel, 1,292.29 m.), 56 Ibs.
Statement of mileage as operated by divisions, May 31, 1901 :
SOUTH PLATTE DIVISION (334.63 miles) : BLACK HILLS DIVISION (584.32 miles): Miles.
Elkhorn June, to Arlington, Neb.... .. 27.e76 Long Pine, Neb , to Deadwood.S. D ..... .342.69
Fremont to Hasting, Neb. . . 127.26 Narrow-Gauge Line above Deadwood, including
Linwood, Neb., to Kansas State Line 124.14 ™?Ffnche* l° Mines u, ,l"o'K «'?i!
Platte River to Lincoln, Neb : 45.11 WhJtew°od *° Belle Fourche, S.D 21.19
Omaha Stock Yards Line 10.36 guffa o Gap to Hot Springs, S.D 14
Dakota June., Neb., to Casper, Wyo ..188.48
EASTERN DIVISION (381.58 miles): Trackage M^fS °' ""^ °WU^ 1,300.53
Fremont to Long Pine, Neb.... ...213.63 #£'"'•**;? jremont to Missouri Valley,Neb. 37.61
Junction near Scribner to Oakdale (via Albion).113.91 C.,St.P.,M.&O.Ey.: Blair to Omaha, Neb. . . ... 24. .0
Norfolk Junction to Verdigre, Neb 54.04 Total length of lines operated 1,362.84
History.— Chartered Jan. 20, 1869; road opened in Aug., 1871 (see MANUAL for 1893,
page 102). On Sept. 1, 1901, this company took over the operation of the Fremont Branch
of the Sioux City and Pacific RR., extending from California Junction, la., to Fremont, Neb.,
31.77 miles, under a leaso from the Chicago and Northwestern Ry. Co. The company also
secured trackage rights over the main line of the same road between California Junction and
Missouri Valley, la.
Rolling' Stock, May 31, 1901. — Locomotives, 112. Cars — passenger, 35 ; chair, 6 ; com-
bination, 15 ; baggage, mail, and express, 9 ; freight (box, 2,411 ; flat, 385 ; gondola, 250 ;
ore, 104; stock, 690; refrigerator, 293), 4,133 ; other, 75— total, 4,273.
Operations, year ending May 31, 1901. — Train mileage not reported. Passengers
carried, 575,594 ; carried one mile," 29,399,483 ; average mile rate, 2.69 cents. Tons freight
moved, 1,353,286; moved one mile, 215,464,037 ; average ton-mile rate, 1.46 cents. Earnings
—passenger, $789,967.03; freight, $3,148,367.52; other, $349,471.93— total, $4,287,806.48.
Operating expenses (65.08 p. c.), $2,790,319.47. Net earnings, $1,497,487.01. Payments:
Taxes, $185,485.40 ; revenue tax stamps, $4,220.73 ; interest on bonds, $1,008,372.37 ; rental
of 3 p. c. payable S. C. & P. RR. Co., $13,572.48— total, $1,211,650.98. Surplus, $285,836.03;
surplus forward, $1,734,878.60— total, $2,020,714.63.
Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years :
Yearn Capital Bonded Cost of RR. Gross Net interest Tales Rentali Ba!anc".
Years- Stock. Debt. Road, etc. Operated. Earnings. Earnings. Ir *"• Surplus.
Ill Miles. $ $ $ $ $ $
1894. .1,981,500 21,038,000 24.637,482 1,309.53 3,334,756 1,321,281 1,014,809 227,429 13,498 65,545
1895. .1,981,500 20.998,000 24,725,155 1,309.53 2,666,641 919,765 1,011,531 226,931 13,498 d. 332,195
1896. .1,981,500 20,960,000 24.747,981 1,309.53 2.950,440 1,086,642 1.008.956 192,971 13,514 d. 128,799
1897. .1,981,500 20,960.000 24,753,336 1,309.53 3,051,982 983,663 1007,402 189,824 13,540 d. 227,103
1898. .1.981,500 20,960,000 24,753,336 1,362.84 8,881,341 1,439,769 1.007,368 201,820 13,540 217,041
1899. .1,981,500 20,960,000 24,753,336 1,362.84 3,885,490 1,473,794 1,007,838 199,107 13,541 253,808
1900. .1,981,500 20,960,000 24,754,336 1,362.84 4,121,458 1,431,816 1,007,831 185,693 13,560 224,731
1901. .1,981,500 20,960,000 24,754,336 1,362.84 4,287,806 1,497,487 1,008,372 189,706 13,573 285,836
Railroad Map of Ohio.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 179B
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2xo VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY. IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902
OHIO.
Railroad Map of Ohio.
RESUMPTION
AND THE
SILVER QUESTION;
EMBRACING
A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND
OTHER NATIONS.
By HENRY V. POOR.
(1878.)
Summary of the Contents.
PART I. — The distinction between the money of Banks and of Government.
PART II. — An examination of the Report of the late Conference between Mr. Secretary
Sherman and the Committee on Finance of the Senate, and the Committee
on Banking and Currency of the House of Representatives, of the United
States.
PART III. — A History of the Coinage of the United States; of the Act of 1873, de-
monetizing silver; and a sketch of the monetary systems of the great
commercial Nations, Great Britain, Prance, and Germany.
PART IV. — A History of Legal- Tender Currencies, embracing a History of the Legal-
Tender Currencies of the Mongols ; of the Continental Currency of the
United States ; of the Assignats of France, and of the present Legal-Tender
Currency of the United States.
PART V. — The Greenback Party.
PART VI. — How Resumption is to be Effected.
PRE88 NOTICES.
Jie-w York Evening Post.
We commend Mr. Poor's book, as it deserves, as a most convenient reference handbook concerning the
history of silver money in the United States, the monetary history of other countries, and other matters of a
similar nature, all of which are presented in compact and convenient shape, and fitted to the hand by an elaborate
analytical index.
Philadelphia, Ledger.
A timely and valuable book, which cannot be too carefully studied, and every line of which is full of
warning and instruction.
Ketv York Journal of Commerce.
A timely and valuable contribution to a subject now demanding the earnest attention of every thoughtful
citizen. Itwill help to clear away much of the fogin which the whole question of the currency is now enveloped.
It is in no sen^e partisan, and is addressed wholly to the reason and intelligence of the reader. It is indeed, as
it Is called, "A Handbook for the Times."
Boston Journal.
This volume is pungent and full of information. It is very fresh and suggestive, and contains a large
amount of information which gives it value, and makes it stimulating and helpful in extending and directing
financial discussion.
1 Volume, 12mo, Cloth, pp. 250. Prioe, $1.00.
Bent free of postage, on receipt of price, by the publishers, and for sale by all booksettera.
I If. & 1. W. POOR, puwiste 44 Broafl St., New M.
POOR'S MANUAL — CHICAGO AND NORTHWESTERN SYSTEM.
321
General Balance Sheet, May 31, 1901.— Capital stock (all owned by C. & N. W. Ry. Co.),
$1,981,500; funded debt (see below), f 20,960,000 ; interest accruing, $77,250; interest un-
paid, $7,320; profit and loss, $2,020,714.63— total, $25,046,784.63. Contra: Co.«t of road,
etc., $24,753,336.28 ; due from C. & N. W. Ry. Co., $293,448.35— total, $25,046,784.63.
Funded debt on May 31, 1901, consisted of $18,400,000 consol. mtge. 6 p. c. 50-yr. $1,000 bonds, due Oct. 1,
1933, interest April and Oct., and $2,560,000 Wyoming Central Ry. 1st mtge. bonds. All of the Wyoming
Central bonds and $10,675,000 of the consol. mtge. bonds are owned by the Chicago and Northwestern Ry. Co.
and are deposited with the Union Trust Co. of New York, trustee, as collateral security for an equal amount of
Chicago and Northwestern 4 p. c. extension bonds of 1886. This company pays the interest on the $13,235,000
4 p. c. bonds of the C. & N. W. Ry. Co. thus secured, in satisfaction of the interest on the collateral bonds
deposited in trust. The Chicago and Northwestern Ry. Co. guarantees the $7,725,000 outstanding consol. mtge.
bonds, both as to principal and interest. The consol. mtge. bonds are secured by first mortgage on the line
from Fremont, Neb., to Deadwood, S. D., 557 miles, and on branches to Hastings, Albion, etc., 613 miles; a
total of 1,170 miles.
Directors. — Marvin Hughitt, Albert Keep, M. M. Kirkman, H. R. McCullough, J. B.
Redfield, Chicago, 111.; E. E. Osborn, New York, N. Y. ; David P. Kimball, Boston, Mass.
OFFICERS : MARVIN HUGHITT, Pres., Chicago, 111.; E. E. Osborn, Vice-Pres., New York,
N. Y.; H. R. McCullough, 2oJ Vice-Pres. ; M. M. Kirkman, Treas.; J. B. Redfield, Sec. <&
And., Chicago, HI. PRINCIPAL OFFICE AND ADDRESS, Chicago, 111.
CHICAGO AND NORTHWESTERN SYSTEM.— CHICAGO, ST. PAUL, MIN-
NEAPOLIS. AND OMAHA RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock
Directors and Officers
12
4
7
Gen. Balance Sheet, Dec. 31, 1901 . 5
Earnings, Expenses, etc.
Funded Debt, Details of. .
Guaranteed Bonds 8
History 2
Income Account, Dec. 31, 1901 ... 4
Land Department 11
Lines of Koad... la
Mileage and Equipment, 1895-1901 9
Mileage Operated 1
Operations and Income, 1895-1901. 9
Rolling Stock 3
Trackage Eights Ib
1. Mileage Operated, June 30, 1901 (owned, 1,487.52 miles).
Main Line Owned : Elroy, Wis., to Omaha, Neb 559.58 miles.
Other divisions and branches owned (details in appended statement of mileage). 927.94 ' '
PROPRIETARY ( Minnesota and Wisconsin RR.: Emerald to Spring Valley, Wis. 21.00 "
LINES: ( CMppewaVaL&Northw.Ry.: Ch'pewaVal.Jc.toBirchw'd,Wis. 12.50 "
TRACKAGE RIGHTS (see Sec. Ib) 69.59 "
Total length of lines operated, Dec. 31, 1901 (owned, 1,487.52 m.) 1,590.61 miles.
2d track, 32.95 m.; sidings, 485.36 miles. Gauge, 4 ft. 8i in. Rail (steel, 1,900.20m.), 56
to 80 Ibs.
la. Detailed statement of mileage as operated by divisions, Dec. 31, 1901 :
WISCONSIN DIVISION (691.91 miles): Miles.
Elroy, Wis., to Westminster St 193.10
*Westminster St. to St. Paul , Minn 1 .30
* Westminster St. to Minneapolis, Minn 10.10
Hudsoa to Ellsworth, Wis 24.82
Stillwater June, to Stillwater, Minn 3.30
St. Croix Drawbridge to Stillw. Switch 4.55
Merillan to Marshfield, Wis 38.67
West Eau Claire to Shaw's Mill, Wis 2.74
Menominee June, to Menominee, Wis 3.01
Menominee June, to Cedar Falls, Wis 2.01
Fairchild to Mondovi, Wis 36.75
North Wis. June, to Bayfleld, Wis 177.57
Ashland Junction to Ashland, Wis 4.38
Ashland Shore Line 1.31
Eau Claire to Spooner, Wis 81 .51
*Superior Junction to Duluth, Minn 73.29
Emerald to Spring Valley, Wis. (M. & W. RR.).. . 21.00
Chippewa Valley Jet. to Birchwood, Wis. (C. V. &
N.W.Ry.) 12.50
MINNESOTA AND IOWA DIVISION (620.89 miles):
Miles.
St. Paul, Minn., to Le Mars, la 243.42
*Le Mars to Sioux City, la 25.20
*Minneapolis to Merrium June., Minn 27.00
Lake Crystal to Elmore, Minn 43.43
Madelia to Fairmont, Minn 29.38
Bingham Lake to Currie, Minn 38.63
Heron Lake to Pipestone, Minn 55.10
Sioux Falls Jc.,Minn.. to Mitchell, S.D 130.73
Luverne, Minn., toDoon, la 28.00
NEBRASKA DIVISION (277.81 miles):
Missouri River to Omaha, Neb 123.06
*S. C. Union Depot to Bridge Track 0.50
*Sioux City Bridge Co.'s Track 3.90
Coburn to Newcastle, Neb 26.95
Emerson to Norfolk, Neb 46.50
Wakcfield to Hartington, Neb 33.76
Wayne to Bloomfield, Neb 43.14
* Ib. Trackage Rights. — Included in the above mileage are the following pieces, aggregating 65.09
miles which are used under trackage rights from the companies named: St. Paul to Westminster Street and
Westminster Street to Minneapolis, together 11.40 miles, from the Great Northern Ry. Co.; Northern Pacific
Bridge at Duluth, 1.59 miles, included in the Superior-Duluth line; Le Mars to Sioux City, la., 25.20 miles,
from the Illnois Central RR. Co.; Minneapolis to Merriam Junction, Minn., 27 miles, from the Minneapolis
and St. Louis RR. Co.; and Sioux City Union Depot to bridge track, 0.5 mile, from the Sioux City and
Pacific RR. That part of the main line from St. Paul to Mendota, 5.20 miles, is owned join'ly with the
Chicago, Milwaukee and St. Paul Ry. Co.
2. History. — Formed June 1, 1880, by the consolidation of the Chicago, St. Paul and
Minneapolis Ry. Co. and the North Wisconsin Ry. Co. The company subsequently acquired
21
322 POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
the St. Paul and Sioux CityRR., the Menominee Ry., the Sault Ste. Marie and Southwestern
Ry., the Superior Short Line Ry., tho Watonwan Valley Ry., and the Des Moines Valley Ry.
(see MANUAL for 1901, page 208).
The Minnesota and Wisconsin RR. Co. was acquired during the year 1901 by the pur-
chase of its outstanding stock and bonds. Its line, from Emerald to Spring Valley, Wis.,
21 miles, was taken over for operation as of April 1, 1901. An extension from Spring Valley
to Weston, Wis., 15.72 miles, was opened for traffic early in 1902.
The Chippewa Valley and Northwestern Ry. Co., a corporation controlled by this com-
pany, constructed a line from Chippewa Valley Junction to Birchwood, Wis., a distance of
12.5 miles. This line was opened for traffic on Nov. 20, 1901.
This company is controlled by the Chicago and Northwestern Ry. Co., through ownership
of a majority of the capital stock. (See statement for C. & N. W. Ry. Co.)
3. Rolling Stock, Dec. 31, 1901. — Locomotives, 277. Cars — passenger (1st class, 76 ;
2d class. 26), 102 ; chair, 6 ; parlor, 2 ; buffet and cafe, 11 ; dining, 1 ; combination, 49 ; bag-
gage, mail, and express, 51 ; freight (box, 7,645 ; flat, 1,160 ; refrigerator, 157 ; stock, 393 ;
coal, 900), 10,255 ; service, 315— total, 10,792.
4. General Income Account, year ending December 31, 1901.
Expenses— Maint. of Way and Structures. .$1,998,236 98
Maintenance of Equipment 1,070,071 19
Conducting Transportation 3,299,069 45
General Expenses 225.46J 31
Total ($4,187.61 per mile) $6,592,846 98
Earnings— Passenger $2,698,943 12
Freight 7,913,796 13
Mail and Express 401,846 01
Miscellaneous 181,818 53
Total ($7,111.67 per mile) $11,196,403 79
Net earnings (41.12 p. c.), $4,603,556.83. Payments : Taxes, $407,547.69 ; revenue tax
stamps, $13,875.67 ; net interest on bonds, $1,343,097.42 ; rentals, $109,785.49 ; appropriated
for additions and improvements, $600,000; dividends on preferred stock (Aug. 20, 1901, and
Feb. 20, 1902, 3£ p. c. each), $787,976 ; on common stock (5 p. c. Feb. 20, 1902), $927,750—
total, $4,190,032.27. Surplus, $413,524.56; surplus forward, $1,281,194.24— total, $1,694,718.80.
5. General Balance Sheet, December 31, 1901.x
Cost of Road and Equipment $56,733,62077
General Assets and Property 8,365,228 57
Materials and Fuel 662,48393
Current Assets 376,95848
Cash on Hand 1,709,11749
Total Assets $67,847,409 24
Capital Stock $34,050,126 62
Funded Debt 25,831,324 41
S. S. L. Ry. Co. Bonds (in Treasury) . . . 1,500,000 00
Interest Accrued, not Due 188,088 34
Dividends Payable Feb. 20, 1902 1,321,738 00
Taxes for 190i, Payable in 1902...'. 311,224 79
Current Accounts 821,913 68
Equipment Fund 23,47000
Fund for Improvements 611,42088
Railroad Income Account 1,694,71880
Land Income Account 1,493,383 72
Total Liabilities $67,847,409 24
<J. Capital Stock. — The capital stock of the company consists of $21,403,293.33 common stock and
scrip and $12,646,833.29 preferred stock and scrip; these amounts including respectively $2,844,339.98 common
stock and scrip and $1,386,921.66 preferred stock and scrip owned by the company. Preferred stock has
prior right to dividends up to 7 p. c. per annum, non-cumulative, and is entitled to an equal pro rata of
any dividends in excess of 7 p. c. on the entire capital stock. A statement of all dividends paid by the
company, up to and including that of Feb. 21, 1898, is in the Manual for 1898, page 375. For statement
showing subsequent payments, see General Index.
7. Funded Del»t.— The funded debt as per general balance sheet includes $1,613,524.41 of consol.
mtge. bonds and scrip, and $50,000 Sault Ste. Marie and Southwestern Ry. 1st mtge. bonds, or a total
of $1,663,524.41 of bonds and scrip on hand, deducting which leaves $24,167,800 of bonds outstanding on
Dec. 31, 1901, as shown in the following statement. Additional particulars respecting any issue will be
found in the paragraph relating thereto appended to the statement; and the details of funded debt out-
standing on or about Aug. 1, 1902, will be found in the Ready Reference Bond List — see General Index:
C.S.P.&M.Ry.lst g. 6s of Mayl,1918,in.M.&N.$l, 968,000
No. Wis. Ry. 1st 6s of Jan. 1, 1930, in. J.&J.. 789,000
H.&R.F.Ry. 1st 8s of July 1, 1908, int. J.&J.. 125,000
St.P.&S.C.RR.lst g.6s of Apr.l,1919,in.A.&O. 6,070,000
St.P.,S.&T.F. 1st 7s of Jan. 1, 1908, int. J.&J. $334,800
S.S.M.&S.W.lst 5s of Nov. 1, 1915, int. M.&N. 350,000
C.St.P.M.&O. consol. 6s of 1930, int. J. & D. .14,456,000
Min. E. Ry. 1st 7s of 1909, int. J. & J 75,000
CHICAGO, ST. PAUL AND MINNEAPOLIS IST MTGE. GOLD BONDS.— Secured as a first lien on the line from
Elroy, Wis., to Lake St. Croix, Wis., 177.62 m., including the bridge over the St. Croix River, and as a
second lien on the West Wisconsin land grant, of which 68,508.60 acres remain unsold.
NORTH WISCONSIN BONDS. — Secured by first mortgage on the line from Lake St. Croix to Chandler,
SO miles, and upon a land grant, of which 60,895.47 acres remain unsold.
HUDSON AND RIVER FALLS BONDS. — Secured on the line from Hudson to River Falls, Wis., 12.5 miles.
ST. PAUL AND Sioux CITY GOLD BOKDS.— Secured on 608 miles of road as follows: Line from St. Paul,
POORS MANUAL— CHICAGO AND NORTHWESTERN SYSTEM.
323
Minn., to Le Mars, la., 246 m. ; Lake Crystal to Elmore, 44 m. ; Heron Lake to Woodstock, 46 m. ; Worth-
ington to Salem, 98 m. ; Luverne to Boon, 28 m. ; Coburn June, to Ponca, 26 m. ; Covingtou to Omaha, lla
m. ; South Stillwater to Lake St. Croix, 5 miles.
ST. PAUL, STILLWATER AND TAYLOR'S FALLS IST MTQE. BONDS. — Secured on the line from Bt. Paul
to Stillwater and Lake St. Croix, about 23 miles.
SAULT STE. MARIE AND SOUTHWESTERN RY. BONDS.— Secured by first mortgage on the line from Fair-
child to Mondovi, Wis., 36.75 miles.
CONSOL. MTGE. BONDS. — The consols are issued at the rate of $15,000 per mile, a sufficient amount being
reserved to retire all other issues. They are for $1,000 each, in coupon form, with provision for registra-
tion, and are secured on the entire property of the company, subject to prior liens. Trustee: Central
Trust Co., New York, N. Y.
8. Guaranteed Bonds.— The Minneapolis Eastern Ry. is owned by the Chicago, St. Paul, Minne-
apolis and Omaha Ry. Co. and the Chicago, Milwaukee and St. Paul Ry. Co., jointly. The total amount of
bonds outstanding is $150,000, of which the C., St. P., M. & O. Ry. Co. guarantees $75,000. (See General
Index for Minneapolis Eastern Ry.)
9. Statement of operations, property and capital accounts, for seven years ending
Dec. 31 :
1895
1896
1897
1898
1899
1900
1901
Miles Railroad Owned. .
Average Miles Operated
Miles of Track Owned
1,422.64
1,492.23
1.840.21
1,422.64
1,492.23
1,853 76
1,422.64
1,492.23
1,858 14
1,422.64
1,492.23
1,868 15
1,449.08
1,498.24
1,891.38
1,487.68
1,543.67
1,487.52
1,574.37
2,005 20
Miles of Steel Rail
1,354.21
1,357.79
1,366 24
1,376 79
1,429.72
1,90020
Locomotives
269
269
269
269
275
277
277
Passenger Cars
133
133
133
133
161
169
171
Baggage, etc., Cars
Freight Cars
67
8,892
69
8,902
69
8,902
69
9,402
53
10,026
53
10,386
51
10,388
Passenger Train Miles..
Freight Train Miles
Mixed Train Miles
1,776,140
2,972,741
1,790,375
3,365,522
1,839,042
2,972,203
498,104
2,085,612
8,830,066
504,370
2,643,914
2,984,310
353,689
2,632,294
2,732,611
387,513
2,701,002
8,911,863
423,290
Total Rev. Mileage .
Passengers Carried
Passenger Mileage
Freight (tons) Moved . . .
Freight (ton) Miles
Pappenger Earnings
Freight Earnings
4,748,881
1,544,387
69,425,27'4
3,141,062
465,645,802
$
1,721,130
5,354,205
5,155,897
1,522,529
71,277,738
3,540,793
574,145,415
$
1,695,339
5,983,440
5,309,349
1,478,094
66,776,371
3,772,439
647,845,804
$
1,639,359
6,522,428
5,420,048
1,709,713
86,053,417
4,337,958
731,347,471
$
2,000,659
7,069,424
5,981,913
1,922,169
95,362,656
4,792,950
789,701,170
$
2,249,159
7,713,047
5,752,418
1,985,297
100,549,475
4,707,105
755,737,001
S
2,421,419
7,338,749
6,036,155
2,200,918
116,432,512
5,073,440
823,144,727
$
2,698,943
7,913,796
Other Earnings
433,429
477,414
491,006
520,910
526,608
581,832
583,665
Gross Earnings
Operating Expenses
7,508,764
4,529,884
8,156,193
4,815,786
8,652,793
5,405,041
9,590,993
5,739,862
10,488,814
6,128,945
10.342,000
6,094,135
11,196,404
6,592,847
Net Earnings
2,978,880
3,340,407
3,247,752
3,851,131
4,359,869
4,247,865
4,603,557
Payments Taxes .
306 768
321 248
332 405
351 701
389 191
395 019
421 423
Rentals
113,048
113,1147
114,626
111,523
114,861
110,243
109,786
Net Interest on Bonds.
Dividends, Preferred .
Dividends, Common..
1,422,830
(7) 787,976
1,405,353
(7) 787,976
(2) 370 982
1,411,470
(7) 787,976
(2) 370 994
1,393,852
(7) 787,976
(3i) 649,285
1,364,483
(7) 787,976
(5) 927,730
1,344,478
(7) 787,976
(5) 927,750
1,343,097
(7) 787,976
(5) 927 750
Betterments
420,173
500,000
500,000
600,000
Balance, Surplus. . . .
348,258
340 901
230 281
136,621
275,628
182,399
413,525
Gross Earnings per Mile
Operating Exp. per Mile
Net Earningsper Mile..
Expenses to Earnings. . .
Aver. Rate p. Pass. p. M.
Aver. Rate p. Ton p. M.
Common Stock
5,031 91
3,085 65
1,99626
60.33 p. c.
2.48 c.
1.15c.
$
21,403,293
5,465 77
3,22724
2,23853
59.04 p. c.
2.38 c.
1.04 c.
S
21,403,293
5,798 57
3,622 12
2,176 45
62.47 p. c.
2.46 c.
1.01 C.
$
21,403.293
6,42729
3,84650
2.580 79
59.85 p. c.
2.33 c.
0.97 C.
S
21,403,293
7,00076
4,090 7'6
8,910 00
58.43 p. c.
2.36 c.
0.98 C.
$
21,403,293
6,699 62
3,947 82
2,751 80
58. 93 p. c.
2.41 c.
0.97 c.
$
21,403,293
7,111 67
4,187 61
2,924 06
58.88 p. c.
2.32 c.
0.96 c.
$
21,403.293
Preferred Stock ....
12 646,833
12 646 833
12 646 833
12,646,833
12,646,833
12.646,833
12 C46 833
Funded Debt*
26,266,127
26,266,127
26 236 127
26 236,127
26,236,127
27,256,324
27 ,256 324
Bonds Guaranteed
Operating Liabilities....
Profit and Loss
75,000
1,476,475
3,082,945
75,000
1,826,573
3,425,508
75,000
2,393,953
3,689,699
75,000
3,182,462
3,856,680
75,000
3,352,439
2,196,046
75,000
3,104,877
2,663,672
75,000
3,277,856
3,188,103
Total Liabilities ....
Construction and Equip.
Advances, etc
64,950,673
55,722,391
174,200
65,643,334
56,163,008
66,444,905
56,403,569
67,400,395
56,511,913
65,909,739
55,313,079
67,150,000
56,245,528
67,847,409
56,733,621
Stocks, Bonds, etc
Operating Assets
6,566,289
2,487,793
6,728,706
2,751,620
6,088,556
3,352,780
6,679,789
4,208,693
j- 7,088,088
3,508,572
7,691,411
3 213 001
8,365,228
2 748,560
Total Assets
64,950,673
65,643,334
66,444,905
67 400,395
65,909,739
67,150,000
67,847,409
* Includes $1,500,000 of 1st mtge. 5 p. c. bonds of the Superior Short Line Ry. Co.
1O. General Assets and Property (see General Balance Sheet) consist of the following: Common
and preferred stock and scrip on hand, $4,231,261.64; consol. mtge. bonds on- hand and scrip due from trustee,
324 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
91,613,524.41; S. Ste. M. & S. W. Ry. 1st mtge. bonds on hand, $50,000; Minn. Transfer 1st mtge. bonds
on hand, $122,000; Superior Short Line Ry. Co. bonds, $1,500,000; advances to new lines purchased and under
construction, not yet capitalized, $682,642.52; capital stock of various terminal and bridge companies on
hand $68,450; Minneapolis Eastern Ry. Co. (capital stock, $15,000; bonds guaranteed, $75,000; coupon
account, $7,350), $07,350— total, $8,365,228.57.
11. Land Department. — The company acquired a land grant aggregating 1,448,619 acres through
the Chicago, St. Paul and Minneapolis, the North Wisconsin, and other lines, and by transfer to it under
an Act of the Legislature of Wisconsin, passed in Feb., 1882, of 453,000 acres originally granted to the
Chicago, Portage and Superior RR. Co. The company held, at the close of the year, land contracts and bills
receivable for lands sold amounting to $196,525.65. There were sold during the year 65,490.02 acres for
$176,928.92, an average of $2.70 an acre; town lot sales, $717.50. On Dec. 31, 1901, there remained undisposed
of from the several grants, 235,810.43 acres.
12. Board of Directors, C., St. P., M. & 0. Ry. Co., as constituted June 7, 1902.
Term expires June, 1903.
Martin L. Sykes. . New York, N. Y.
Thomas Wilson St. Paul, Minn.
John M. Whitman Chicago, 111.
John A. Humbird. . .St. Paul, Minn.
Term expires June. 1904.
Wm.K. Vanderbilt. New York, N.Y.
Albert Keep Lake Geneva, Wis
H. McK. Twombly.New York, N. Y.
F. W. Vanderbilt, New York, N. Y.
Term expires June, 1905.
Marvin Hughitt Chicago, 111.
Byron L. Smith
Chauncey M. Depew.New York.N. Y.
David P. Kimball Boston, Mass.
Horace G. Burt Omaha, Neb
Executive Committee.— Marvin Hughitt, H. McK. Twombly, Chauncey M. Depew, Wm. K. Vanderbilt, M. L.
Sykes, David P. Kimball, and F. W. Vanderbilt.
MARVIN HUGHITT, President Chicago, 111.
E. E. Osborn, Vice-President and Asst. Secretary New York, N. Y.
James T. Clark, 2d Vice-Pres. and Gen. Traffic Manager. .St. Paul, Minn.
Secretary— E. E. Woodman Hudson, Wis. Comptroller— I,. A. Robinson St. Paul, Minn.
General Manager— Walter A. Scott St. Paul, Minn. Treas. & Zd Asst. Sec.—S. O. Howe. . .New York, N. Y.
Asst. Treas. <k M Asst. Sec.—R. H. Williams. . . .New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS. .Corner Fourth and Rosabel Sts., St. Paul, Minn.
New York Office 52 Wall St. | Chicago Office. 22 Fifth Ave.
CHICAGO AND WESTERN INDIANA RAILROAD COMPANY.
Main Line of Road.— Polk Street, Chicago, to Dolton, 111 16.99 m.
Branches: Hammond, 10.28 m.; Cragin, 15.9 m. ; So. Chicago, 5.41 m. 31.59 m. — 48.58 miles.
2d track, 45.10 m.; 3d track, 9.75 m.; 4th track, 9.75 m.; sidings, 105.83m.; total track,
219.01 miles. Gauge, 4 ft. 8i in. Rail (steel), 66 and 80 Ibs.
History. — Organized June 5, 1879 ; consolidated, Jan. 26, 1882, with the South Chicago
and W. I. R. R. Co. and the C. & W. I. Belt Ry. Co. (See MANUAL for 1893, page 165.)
Property. — The real estate (including wharf property on the Chicago River) owned in
fee simple, and covered by the general mortgage, consists of about 900 acres of land within
the city limits used for right of way, switch and transfer yards, and passenger and freight
depots leased to various companies.
Leases. — The Belt Division and the Indiana Elevator are leased to the Self By. Co. of
Chicago, and the rest of the property is leased conjointly by the Chicago and Eastern Illinois,
the Wabash, the Grand Trunk Western, the Chicago and Erie, the Chicago, Indianapolis and
Louisville (each of the companies named owning $1,000,000 of the capital stock), the Atchison,
Topeka and Santa Fe, and the Elgin, Joliet and Eastern Cos. ,the lessees paying all expenses
of operation and maintenance on a mileage basis. The leases are all covered by the mortgage
as additional security.
Rolling Stock, June 30, 1901. — Locomotives, 45. Cars — flat, 96 ; stone dump, 50; ser-
vice, 40 — total, 186. Also 2 steam derricks. Of this equipment, 42 locomotives, 80 flat, 50
stone dump, and 20 service cars are leased to the Belt Ry. Co. of Chicago.
Income Account, year ending June 30, 1901. — Rentals from lessees, $1,100,785.81;
from rental of houses and lands, $19,718.20; discount, interest, and exchange, $1,485.98;
miscellaneous earnings, $8,930.74— total, $1,130,920.73. Payments: Intereston bonds, $621,-
800 ; sinking fund, $214,571.58 ; dividends (Sept. and Dec., 1900, and March and June, 1901,
H P. c. each), $300,000 ; trustee's commission, $4,200.80— total, $1,140,572.38. Deficit,
$9,651.65; surplus forward, $679,685.48; net surplus, $670,033.83. Fifty dividends have
been paid to date.
POOR'S MANUAL OF RAILROADS.
325
Capital stock, bonded debt, and income account for eight years :
v Capital
Yrs- Stock.
1894.
1895.
1896.
1897.
1898.
1899.
1900.
1901.
5,000,000 11,112,667
5,000,000 11,185,667
5,000,000 10,968,667
5,000,000 10,801,667
5,000,000 10,840,667
5,000,000 10,651,667
5,000,000 10,450,667
Bonded Cost and
Debt. Investments.
$ I
18,976,015
19,162,129
19,233,695
19,361,623
19,617,527
19,679,516
„, , , ,__. 19,946,531
5,000,000 10,238,667 20,091,318
Gross
Income.
$
1,140,405
1,141,405
1,151,434
1,163,254
1,104,942
1,137,297
1,129,531
1,130,921
Interest Dividends Other
Paid.
I
664,130
671,906
663,630
653,990
646,492
645,730
634,120
621,800
Paid. Payments,
$ $
300,000 145,189
375,000
300,000
300,000
;ioo,ooo
300,000
300,000
300,000
154,021
163,334
173,022
183,454
194,568
206,313
218,772
Total
Payments.
1,109,319
1,200,927
1,126,964
1,127,012
1,129,946
1,140,298
1,140,433
1,140,572
Balance
(+or-).
+ 31,086
- 59,522
+ 24,470
+ 36,242
- 25,004
- 3,001
- 10,902
— 9,651
Cost of Road, Real Estate, etc $19,713,675 60
Rolling Stock 377,642 55
Materials and Fuel
Current Accounts
Cash on Hand
Cash in Handa of Trustees
Cash in Hands of J. P. Morgan & Co
100,622 28
245,465 97
30,197 63
74,066 73
21,305 00
General Balance Sheet, June 30, 1901.
Capital Stock ($100 shares) $5,000,00000
Funded Debt (see below) 10,238,666 67
Bills Payable 225,00000
Cunent Accounts 197,650 54
Sinking Fund Accounts 4,168,376 39
Interest Accrued, not Due 53,043 33
Interest Coupons not Presented 9,15500
Bonds Called, not Presented 1.05000
Profit and Loss 670,033 83
Total Assets $20,562,975 76 Total Liabilities $20,562,975 76
Funded Debt — Funded debt outstanding, June 30, 1901, consisted of $370,000 1st gold 6s of
Nov. 1, 1919, and $9,868,666.67 gen. gold 6s of Dec. 1, 1932. The 1st mtge. bonds are provided with a sinking
fund from Jan. 1, 1885, sufficient to discharge all the bonds at 105 and interest, at which price they are
redeemable by lot since the date named. The same conditions apply to the gen. mtge. bonds, with the
exception that action of sinking fund did not begin until Jan. 1, 1886, and all of the firsts must be
drawn before any of the gen. mtge. bonds. A sufficient amount of gen. mtge. bonds is reserved to retire
the firsts. The bonds are securedon the entire property of the company and also on the rentals from the
lessees. The mortgage provides that the total rentals shall be at all times at least 20 p. c. in excess of the
interest requirements. Additional particulars will be found in the Ready Reference Bond List — see General
Index.
Directors (elected June 3, 1902).— M. J. Carpenter, W. O. Johnson, W. H. McDoel, E.
P. Ripley, Chicago, 111.; George B. Reeves, Montreal, Can.; Jos. Ramsey, Jr., St. Louis, Mo.
B. THOMAS, President and General Manager Chicago, III.
E. A. Bancroft, Viee-President and General Solicitor " "
Treaturer—3. E. Murphy Chicago, 111. | Secretary and Auditor— M. J. Clark Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Dearborn Station, Chicago, 111.
CHICAGO, BURLINGTON AND QUINCY RAILROAD COMPANY.
(For map of this system, seepage 327.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 10
Contingent Liabilities for Branch
Roads 13
Controlled and Operated Roads,
Statements of 17
Controlled Roads, Operated Sepa-
rately Ib
Control of Company 4
Directors and Officers 18
Dividends 11
Earnings, Expenses, etc 7
Funded Debt, Details of 12
Gen. Balance Sheet, June 30, 1901 9
History 8
Income Account (all lines), June
30, 1901 7
Income Account (C., B.& Q.RR.),
June 30, 1901 8
Land Department 15
Lease to C., B. & Q. Ry 6
Lines of Road la
Mileage and Equipment, 1895-1901 16
Mileage Operated 1
Operations, Property & Income,
1895-1901 16
Properties not Covered by Out-
standing Bonds 14
Proprietary Lines 3
Rolling Stock 6
Trackage Rights 2
1. Mileage Operated, June 30, 1901 (owned absolutely, 5,572.36 miles).
Main Line : Chicago, 111., to Denver, Go\ 1,023.70 miles.
St. Paul and Minneapolis Line : South Aurora, 111., to Minneapolis, Minn. . . 406.70
St. Louis and Burlington Line : St. Louis, Mo., to Burlington, la 217.51
Hannibal and St. Joseph Line : Hannibal to St. Joseph, Mo 206.52
Kansas City and Omaha Line : Kansas City, Mo., to Omaha, Neb 196.03
Nebraska and Montana Line : Lincoln, Neb., to Billings, Mont 837.41
Cheyenne Line : Dewitt, Neb., to Cheyenne, Wyo 471.91
Other Divisions and Branches of the System 4,429.68 "
Total length of lines operated by the C., B. & Q. RR. Co., June 80, 1901. .7,789.46 miles.
Kan. City & Omaha Ry. (controlled, but operated separately until July 1, 1902) 208.14 "
Narrow- Gauge Controlled Roads (operated separately) 178.77
Jacksonville and St. Louis Ry. (control acquired in April, 1902) 112.80
Total length of lines owned, leased and controlled June 30, 1903 8,283.67 miles.
326 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
la. The following statement shows in detail the lines operated by the company on
30, 1901 :
ROADS EAST OF THE MISSOURI RIVKB.
C., B. & Q. RR. (2,675.33 miles) :
June
Miles.
Chicago, 111., to Pacific Junction, la 480.25
Pacilic Junction, la., to Council Bluffs, la 17.25
Council Bluffs, la., to Omaha, Neb 4.16
Galesburg to Quincy, 111 100.05
Quincy, III., Loop Line 1.78
Aurora to West Chicago, 111 12.35
Geneva, via Aurora to Slreator, 111 67.25
South Aurora, 111., to Minneapolis, Minn 406.70
Oregon to Forreston, 111 17.96
Flag Center to Rockford, 111 23.50
Galena Junction to Galena, 111 3.82
E ist Dubuque, 111., to Dubuque, la 1.65
East Winona, Wis., to Winona, Minn 2.32
Sheridan, via Earlville, to Paw Paw, 111 19.54
Streator to Walnut, 111 59.49
Shabbona to Sterling, 111 47.98
Mendotato Savanna, 111 81.73
East Clinton, 111., to Clinton, la 1.40
Buda to Elmwood, 111 4482
Yates City to Rushville, 111 62.79
Galva, via Arpee, to New Boston, 111 50.63
Arpee to Keithsburg, 111 6.25
Gladstone to Keithsburg, 111 17.13
Galesburg to Peoria, 111 52.77
Galesburg to Rio, 111 12.22
Carthage June., via Carthage, to Quincy, 111 70.44
Quincy, 111., to Louisiana and Hannibal, Mo. . . . 48.06
Rock Island to East St. Louis, 111 246.42
East Alton via Alton & W.Alton to St.Louis,Mo. 26.86
Rock Island, 111., to Clinton, la 38 02
Barstow to Sterling. Ill 40.44
Ft. Madison, la., to Bntavia, la 55.95
Albia, via Knoxville, to Des Moines, la 67.94
Chariton, la., to St. Joseph, Mo 143.03
Bethany June., via Grant City, to Albany, Mo. . 65.54
Chariton to Indianola, la 30.49
Creston, la., to Hopkins, Mo 44.61
Creston, via Fontanelle, to Cumberland, la 47.83
Villisca, la., to Burlington Junction, Mo 35.00
Clarindato Northboro, la 17.82
Red Oak to Nebraska City Junction, la 46.14
Red Oak to Griswold, la 18.04
Hastings to Sidney, la 21.12
Hastings to Carson, la 15.79
ROADS WEST OF THE MISSOURI RIVER.
TheB.&M. E. EE. in Neb. (3,797.02 miles) :
Pacific Junction, la., to Denver, Col 543.45
St. Joseph, Mo., to Oxford Junction, Neb 294.92
Lincoln, Neb., to Billings, Mont 837.41
Oreapolis to Omaha, Neb 16.88
Omaha, via Ashland, to Schuyler, Neb 80.59
South Omaha to Pappio Neb 9.42
Nebraska City Junction, la., to Lincoln, Neb. . . 62.59
Nebraska City, via Nemaha to Salem, Neb 44.57
Nemaha, via Tecumseh, to Beatrice, Neb 65.19
Atchison, Kas., to Rulo Junction, Neb 45.45
Table Rock to Lincoln, Neb 60.64
Lincoln, via Milford, to Columbus, Neb 73.49
Miles.
Crete to Wymore, Neb 41.73
Odell, Neb., to Concordia, Kas 71.04
Dewitt, Neb., to Cheyenne, Wyo 471.91
Fairmont, via Strang, to Chester, Neb 45.19
Edgur to Superior, Nfcb 26.53
Aurora, via Hastings, to Lester, Neb 64.18
Aurora to Ericson, Neb 82.65
Palmer to Sargent, Neb 73.29
Greely Center to Burwell, Neb 40.38
Kenesaw to Kearney, Neb 24.14
Republican, Neb., to Oberlin, Kas 78.28
Orleans, Neb., to St. Francis, Kas 133.79
Culbertson to Imperial, Neb 49.17
Denver, Col., to Lyons and Tower, Col 46.97
Edgemont to Deadwood, S. D 106.40
Englewood to Spearflsh, S. D 31.91
Minnekahta to Hot Springs, S. D 13.34
Newcastle to Cambria, Wyo 7.00
Hill City to Keystone, S. D 9.50
Alliance, Neb., to Brush, Col 150.11
Northport, Neb., to Guernsey, Wyo 94.91
ROADS IN MISSOURI AND IOWA.
Missouri Lines (1,084.25 miles) :
St. Louis, Mo., to Burlington, la 217.51
Branch to Franklin Ave. Station, St. Louis 1.36
Keokuk, la., to Mt. Pleasant, la 48.43
West Quincy, Mo., to Quincy, 111 3.17
Cuivre Junction to St. Peters, Mo 10.60
Belief ontaine Junction, Mo., to Alton, 111 3.32
Alton to East St. Louis, 111 23.84
Viele, la., to Carrollton, Mo 195.67
Hannibal to St. Joseph. Mo 206.52
Palmyra Jet., Mo., to Moody, Mo 8.58
Cameron. Mo., to Harlem, Mo 52.85
Kansas City. Mo., to Council Bluffs, la 191.87
Council Bluffs, la., to Omaha, Neb.... 4.16
Armour, Mo., to Atchison, Kan 4.00
East Leavenworth, Mo., to Leavenworth, Kan. . 2.78
Amazonia, Mo., to Hopkins, Mo 50.44
Bigelow, Mo., to Burlington Jet., Mo 31.54
Corning, Mo., to Northboro, la 27.61
KEOKUK AND WESTERN DIVISION.
Keokuk to Shenandoah, la 244.33
Des Moines, la., to Cainsville, Mo 110.70
Total number of miles operated 7,911.64
Deduct for mileage operated jointly by two or
more of the divisions 122.17
Actual mileage operated 7,789.46
DIVIDED AS FOLLOWS :
Lines owned absolutely 5,572.36
Proprietary (leaned) Lines 2,042.09
Trackage Rights 175.01—7,789.46
2d track, 425.58 m.; 3d track, 23.55 m.; sidings, etc., 1,760.26 miles.
Bail (steel, 9,063.33 miles), 56 to 75 Ibs.
Gauge, 4 ft. 8$ in.
Ifo. Controlled Roads, Operated Separately.— The Kansas City and Omaha Ry. Co. is
controlled by the 0., B. & Q. RE. To. through ownership of all its securities. Its line extends
from Stromsburg to Fairfield, Neb., 67.02 miles ; from McCool to Fairbury, Neb., 50.68
miles; and from Fairfield to Alma, Neb., 85.24 miles— a total of 203.14 miles, of which 193.68
miles are owned by the company and 9.46 miles operated jointly with other companies. The
cost of the road to the C., B. & Q. RE. Co. to June 80, 1901, was $1,157,863.21. On July 1,
1902, It was taken over for operation by the C., B. & Q. Ry. Co. The C., B. & Q. RR. Co.
also controls 178.77 miles of narrow gauge roads, but the names of the companies owning
that mileage are not reported. The cost of these narrow gauge roads to the C., B. & Q. RR.
Co. to June 30, 1901, was $1,901,948.64.
328 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
3. Trackage Rights. — The following lines and parts of lines are leased and operated
jointly with other companies ; their mileage is included in Sec. la :
EAST op MISSOURI RIVER.
Pennsylvania Company : Miles.
Depot to 16th St., Chicago, 111 1.23
Chicago and Northwestern Ry.:
East Clinton, 111., to Clinton, la 0.97
Illinois Central PR.:
Portage Curve to East Dubnque, 111 12.78
East, Dubuque to Dunleith & Dub. Bridge 0.46
Dunleith and Dubuque Bridge :
Mississippi River, Dubuqne, la 0.66
St. Paid Union Depot :
AtSt. Paul.Minn 0.53
Great Northern By.:
Minneapolis to St. Paul, Minn 11.65
Minneapolis Union Ry.:
At Minneapolis, Minn.
2.21
Winona Bridge Ry.:
East Winona, Wis., to Winona, Minn 0.98
Quincy Bridge :
Qnincy, III., and West Quincy, Mo 1.43
C., C., C. <f- St. L. Ry.:
Alton to East St. Louis, 111 22.58
St. C., M. & St. L. Belt RR.:
Alton, 111., to West Alton, Mo 2.93
St. L. Ter. RR. & St. L. Mers1. Br. Ter. RR.:
At St. Louis, Mo 3.88
Chicago and Alton Ry.:
At Louisiana, Mo
0.34
Chi., Peoria and St. Louis Ry.:
At Alton, 111 0.22
WabashRR.; Miles.
East Hannibal, 111., to Hannibal, Mo 1.60
Moulton to Bloomfleld Junction, la 14.11
Darenp., Rock Island & N. W. Ry.;
Rock Island, 111., to Clinton, la 38.02
Union Pacific RR.:
U. P. Transfer, la., to Omaha, Neb 2.79
M., K. & T. Ry. and H. U. Depot:
At Hannibal, Mo 0.45
Atchison and Eastern Bridge :
Winthrop, Mo., to State Line 0.39
Atch. U. D. & RR.:
At Atchison, Kan 0.10
Leavenworth Terminal Ry. and Bridge :
Stillings, Mo., to Leavenworth, Kan 1.73
Keokuk and Hamilton Bridge :
At Keokuk, la ' 0.03
Kansas City Union Depot :
At Kansas City, Mo 0.41
WEST OF MISSOURI RIVZB.
Northern Pacific Ry.:
Huntley to Billings, Mont 12.62
Colorado and Southern Ry.:
Utah Junction to Burns Junction, Col 11.30
Union Pacific PR.:
Sterling to Union, Col 23.67
Gilmore to South Omaha, Neb 4.54
South Omaha Stock Yards :
At South Omaha, Neb 0.41
3. History. — Chartered as Aurora Branch RR. Co., Feb. 12, 1849; name changed to
Chicago and Aurora RR. Co., June 22, 1852; to present corporate title, Feb. 14, 1855. By
one or another of the companies named were built the section of main line from Chicago to
Mendota, 111., 76.89 miles, and the branch from Aurora to West Chicago, 111., 12.35 miles.
The rest of the mileage was acquired from time to time by purchases at foreclosure sales,
by consolidations, and by construction under the charters of various proprietary companies.
(See MANUAL for 1901, page 218 et seq.) As a result of the absorption of proprietary and '
controlled companies in late years the C., B. &Q. RR. Co. has become the owner in fee simple
of the entire system east of the Missouri River and of all except the following mileage west
of the Missouri River (this mileage is fully incorporated with the system, the C., B. &Q. RR.
Co. owning all the securities issued thereon) :
Omaha and Southwestern RR.: Miles.
Omaha to Oreapolis, Neb 16.88
Crete to Beatrice, Neb 30.09
Pappio to Gilmore Junction, Neb 4.47
Nebraska Ry.:
Nemaha to York, Neb 135.78
Nebraska City Bridge Line 5.77
Atchison and Nebraska RR.;
Atchison. Kan., to Lincoln, Neb 144.95
Rulo, Neb., to Rulo Bridge Junction 3.42
Lincoln and Northwestern RR.:
Lincoln to Columbus, Neb 73.49
Burlington and Colorado RR.:
Nebraska State Line to Denver, Col 174.89
Nebraska and Colorado RR.:
DeWitt, Neb., to Colorado State Line 298.32
Kenesaw to Oxford, Neb 60.67
Fairmount to Chester, Neb 45. 1 9
Edgar to Superior, Neb 26.53
Chicago, Nebraska and Kansas RR.:
Odell.Neb., to Concordia, Kan 71.04
Republican Valley, Kansas and Southwestern RR.:
Republican, Neb., to Oberlin, Kan 78.23
Omaha and North Platte RR.:
Omaha to Schuyler, Neb 80.59
Lincoln and Black Hills RR.: Miles.
Central City to Ericson, Neb 62.94
Palmer to Sargent, Neb 73.29
Greeley Centre to Burwell, Neb 40.38
Oxford and Kansas RR.:
Orleans, Neb., to Kansas State Line 59.61
Beaver Valley RR.:
Nebraska State Line to St. Francis, Kan 74.18
Colorado and Wyoming RR.:
Nebraska State Line' to Wyoming State Line . . 144.58
Cheyenne and Burlington RR.:
Colorado State Line to Cheyenne, Wyo 29.01
Denver, Utah and Pacific RR.:
Denver to Utah Junction, Col 3.00
Burns Junction to Lyons, Col 32.67
Hi/mliiicim Valley and Wyoming RR.:
Culbertson to Imperial, Neb 49.17
Nebraska, Wyoming and Western RR.:
Alliance, Neb., to'Guernsey, Wyo 128.83
Northport, Neb., to Colorado State Line 53.88
Denver and Montana RR.:
Brush to Union, Col 11.3fl
Sterling Col . , to Nebraska Line 27.85
POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY RR. CO. 329
The line from Toluca, Mont., to Cody City, Wyo., 129 miles, referred to in the MANUAL
for 1901, on page 217, was completed and put in operation in the fall of 1901. The Black
Hills and Fort Pierre RR., a line 46 miles in length, located in the Black Hills, S. D., was
purchased and taken possession of by the C.,B. & Q. RR. Co. on Aug. 1, 1901 (see statement
in Sec. 17). In April, 1902, the company acquired a controlling interest in the securities of
the Jacksonville and St. Louis Ry., hut for the present that road will continue to be operated
as an independent line (see separate statement therefor). On July 1, 1902, the Kansas City
and Omaha Ry. (see Sec. Ih), the securities of which were purchased in June, 1900, was taken
over to be operated as part of the system west of the Missouri River.
4. Control of Company. — Effective July 1, 1901, the control of this company was
acquired in the joint interest of the Northern Pacific and the Great Northern Ry. Cos., state-
ments for which see. (See also Sec. 11.)
5. Lease to C., B. & Q. By. Co. — As of date of Nov. 20, 1901, a lease was made con-
veying all the railroad and property of every kind of the Chicago, Burlington and Quincy
RR. Co. to the Chicago, Burlington and Quiucy Ry. Co., for the term of 99 years from Sept. 30,
1901. The lessee assumes all contracts and obligations of the C., B. & Q. RR. Co., and agrees
to pay as rental (a) the interest on all outstanding bonds and on such additional bonds as
may be issued during the term of the lease, (b) sinking funds, (c) taxes, and (d) quarterly
dividends at the rate of 7 p. c. per annum on the capital stock.
6. Rolling Stock, C., B. & Q. RR. and Controlled Roads, June 30, 1901 :
C.,B. &0.
RR.
CONTROLLED ROADS.
Totals.
K. C. & 0.
Ry.
Narrow
Gauge.
Locomotives
1,155
709
257
19
33,522
9,435
293
46
18
16
4
'sio
307
1,173
725
261
19
34,125
9,778
Cars Producing Re\
Totals
enue— Passenger and Combination
Baggage, Mail, and Express
Dining
Box and Stock
Coal, Flat, and Ore
43,933
636
339
4
637
10
44,908
650
Service Cars
7. General Income Account (average 0/7,753.13 miles), year ending June 30, 1901.
Earnings— Passenger $11,624,745 90
Freight 33,662,321 05
Mail and Express 2,826,921 14
Other Sources 1,938,100 88
Expenses— Maint. Way and Structures... $8,676,02876
Maintenance of Equipment... 6,094,872 59
Conducting Transportation... 16,179,511 05
General 1,491,478 16
Total ($6,455.71 per mile) $50,051,988 97 Total ($4,184.36 per mile) $32,441,890 56
Net earnings (35.18 p. c.), $17,610,098.41 ; add dividend on stock controlled roads,
$82,431.25 ; other income and interest, $177,811.58 ; net receipts of land departments, B. &
M. R. RR. in Neb. and H. & St. J. RR., $120,555— total, $17,990,896.24. Payments : Interest
on bonds, $7,421,978.65 ; rent of tracks and depots, $327,892.82 ; transfers to sinking funds,
$488,600 ; dividends (Sept. 15 and Dec. 15, 1900, March 15, 1901, H P- c. each, and June 15,
1901, 2 p. c.), $6,652,557.50 ; taxes, $1,627,017.41— total, $16,518,016.38. Surplus for the
year, $1,472,879.86.
8. Income Account, C., B. & Q. RR. Co., June 30, 1901.
Balance, June 30, 1900 $15,722,39155
Gross Earnings $49, 655, 066 63
Operating Expenses 32,072,237 33— 17,582,829 30
Dividends on Stock, Controlled Roads... 82,431 25
Other Interest and Income 216,721 96
Net Rec'ts, B. & M. R. RR. in Neb. L'd.
Grant 120,555 00
Total $33,724,929 06
Rent of Tracks and Depots $327,892 82
State, County and City Taxes 1,543,47624
War Revenue Taxes 73,074 51
Interest on Bonds 7,421,978 65
Cash Paid to Sinking Funds 488,60000
Dividends (6J p. c.) 6,652,55750
Balance, June 30, 1901 17,217,349 34
Total $33,724,929 06
330 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
9. General Balance Sheet, June 80, 1901.
Debit.
Capital Stock ($100 shares) $110,577,700 00
Funded Debt Outstanding (see detailed statement appended) 145,479,30000
Contingent Liabilities for Branch Roads (see statement of Funded Debt) 1,725,000 00
Coupon Interest Unpaid, including $2,039,402.50 due July 1, 1901 $2,090,155 50
Unpaid Vouchers and Pay Rolls 3,974,613 48
Sundry Current Accounts 865,078 83— 6,929,847 81
Burlington Voluntary Relief Department Fund 509,606 06
Fire Insurance Fund 280,015 06
Replacement Fund 1,677,668 56
Profit and Loss 9,159,297 87
Renewal Fund 10,000,000 00
Income Account 17,217,349 34
Sinking Funds, showing the total of payments to and accretions of Sinking Funds for —
C., B. & Q. 5 p. c. Bonds of 1901 $2,436,097 08
C., B. & Q. 4 and 5 p. c. Bonds of 1919 (Iowa Division) 4,184,047 55
C., B. & Q. 4 p. c. Bonds of 1921 1,292,837 47
C., B. & Q. 4 p. c. Bonds of 1922 (Denver Extension) 2,362,104 78
C., B. & Q. 4 p. c. Bonds of 1927 (Nebraska Extension) 3,069,363 55
B. & M. R. RR. in Nebraska 6 p. c. Bonds of 1918 5,302,005 40
B. & M. R. RR. in Nebraska 4 p. c. Bonds of 1910 2,337,269 13
Republican Valley RR. 6 p. c. Bonds of 1919 386,22964
Lincoln and Northwestern RR. 7 p. c. Bonds of 1910 229,290 65— 21,599,245 25
Total Liabilities $325,155,029 95
Credit.
Cost of Road and Equipment $288,289,112 17
Cost of Investment in Securities of Controlled Roads— D., R. I. & N. W. RR. Co.. $1,750,134 25
K. C. & Omaha Ry. Co.... 1,157,863 21
Narrow Gauge Roads 1,901,943 64— 4,809,941 10
Sundry Investments 4,394,804 22
Materials on hand for future use 3,943,268 82
Trustee of Sinking Funds, showing the cost of uncanceMed securities and cash awaiting
investment held in Sinking Funds 13,939,94609
Current Accounts:
Sundry Available Securities $54,40000
Sundry Accounts and Bills Receivable 5,190,762 31
Cash on Hand 4,532,795 24— 9,777,957 55
Total Property and Other Assets $325,155,029 95
10. Capital Stock.— ^Capital stock outstanding on June 30, 1901, amounted to $110,577,700. Shares
amounting to $2,297,000 were issued during the year in exchange for C., B. & Q. convertible bonds of 1903,
and a further amount of $9,834,600 was sold to stockholders to provide for new construction, equipment, and
betterments, and to redeem bonds matured Oct. 1, 1901. The capital stock of the B. & M. RR. (Iowa)
outstanding on June 30, 1900, has been transferred to profit and loss.
More than 96 p. c. of the entire capital stock has been acquired in the joint interest of the Northern
Pacific and the Great Northern Ry. Cos., statements for which see.
11. Dividends Paid. — During its existence the company has paid (to June 30, 1901) a total of 129
regular cash dividends, aggregating 326} p. c., or $127,598,340; besides which the following distributions of
stock have been made: Nov. 15, 1862, $946,900; May, 1864, $745,600; Oct. 31, 1865, $1,675,300; Sept. 15, 1867,
$2,079,800; March 15, 1869, $1,254,390— a total of $6,701,990 paid in stock. A statement showing the dates and
rates of all dividends paid by the company, up to and including that of June 15, 189S, is in the Manual for
1898, page 385. Later payments are shown in the table of Dividends Paid by Railroad Companies — see General
Index.
12. Funded Debt. — The following is a detailed statement of the funded debt outstanding on the
C., B. & Q. RR. on June 30, 1901. The funded debt of the C., B. & Q. RR. Co. together with the con-
tingent liabilities for branch roads amounted as per general balance sheet to $147,204,300, but that sum
included $13,202,500 of uncancelled bonds held in sinking funds. A detailed description of the several issues
of bonds is in the Ready Reference Bond List — see General Index.
C., B. & Q. RR. Bonds.
Consol. 7s of July 1, 1903, int. J. & J
Sink. Funds 5s of Oct. 1, 1901, int. A. & O. .
la. Div. Sink. Fd. 5s of 1919, int. A. & O. . .
la. Div. Sink. Fd. 4s of 1919, int. A. & O. . .
Sink. Fund 4s of Sept. 1, 1921, int. M. & S..
Denver Ext. S. F. 4s of Feb.l,1922,int.F.&A.
Plain 5s of May 1, 1913, int. M. & N
Neb. Ext. S. Fd. 4s of May 1,1927, int. M.&N.
1st Series Conv. 5s of 1903, int. M. & S
2d Series Conv. 5s of 1903, int M. & S
2,087,000
2,640,000
8,544,000
4,300,000
7,968,000
9,000,000
26,077,000
223,400
341,700
Ch. & la. Div. 5s of Feb. 1, 1905, int. F.&A. 2,320,000
B. & M. R. RR. in Neb. Bonds.
Consol. S. Fd. 6s of July 1. 1918, int. J. &J.$13,509,000
Sink. Fund 4s of Jan. 1, 1910, int. J. & J. . . . 3,347.000
Rep.Val.RR.S.F.6s of July 1, 1919, int.J.&J. 1,078,000
Bonds of Missouri Lines.
H.&St.J.RR. 6s of Mch. 1, 1911, int. M. & S. 8,000,000
K.C.,St.J.&B.C. 7s. of Jan. 1, 1907, int.J.&J. 5,000,000
Tarkio Valley 7s of June 1, 1920, int. J. & D. 199.000
Nodaway Val. 7s of June 1, 1920, int. J.&D. 178,000
Contingent Liabilities (see Sec. 14).
Atch. & Neb. RR. 1st 7s of 1908,int, M. & S. 1,125,000
Lin. & N. W. RR. 1st 7s of 1910, int. J. & J. 600,000
lUinois Div. 3Js of July 1, 1949, int. J. & J.. 27,571,000
CONSOLIDATED MORTGAGE BONDS.— Secured by first mortgage on the following lines owned in fee simple,
and on 204 miles of second track in Illnois, and the company's terminals in Chicago: Chicago, 111., tc
Burlington, la., 204.27 m.; Peoria to Galesburg, 111., 52.77 m. ; Galesburg to Quincy, 111., 100.05 m.; Aurora
to Turner Junction (West Chicago), 111., 12.35 m.; Yates City to Rushville, 111., 62.79 m. ; Geneva via Aurora
to Streator, 111., 67.25 m. ; Shabbona to Sterling, HI., 47.98 m. ; Mendota to East Clinton, 111., 65.35 m.;
Buda to Elmwood, 111., 44.51 m. ; Galva to New Boston, 111., 50.63 m. ; East Burlington (Carthage Junction)
to Quincy, 111., 70.20 m., and Arpee to Keithsburg, 111., 6.25 m. ; a total of 784.40 miles. Also secured by
first mortgage on the Keokuk and St. Paul Ry., from Burlington to Keokuk, la., 42.33 m.; making the total
length of lines covered by the mortgage, 826.73 miles.
POOR'S MANUAL— CHICAGO, BURLINGTON AND QUINCY RR. CO. '631
SINKING FUND BONDS OF 1901. — Secured by deposit with the trustee of $2,500,000 in the 1st mtge. 7 p. c.
bonds of the St. Louis, Rock Island and Chicago RR. Co., which are a first lien on 285.11 miles of road aa
follows: Hock Island to Wann (East Alton), 111., 227.54 m. ; Barstow to Sterling Junction, 111., 40.44 m. ;
Gladstone to Keithsburg, 111., 17.13 miles. Also secured by a sinking fund which holds uncancelled securities
of a face value of $2,181,600, as follows: $358,000 (costing $352,910.81) C., B. & Q. Nebraska Extension
bonds; $499,600 (costing $552,027.47) B. & M. R. RR. in Neb. consol. mtge. bonds; $65,000 (costing
$66,720) Nodaway Valley RR. bonds; $102,000 (costing $105,640) Tarkio Valley RR. bonds; $112,000 (costing
$115,640) C., B. & Q. Illinois Division bonds and $1,045,000 (costing $836,0011) Toledo, Peoria and Western
Ry. 4 p. c. bonds. The sinking fund is payable on the 1st of April and on the 1st of Oct. It consists of
the interest on the $2,500,000 7 p. c. bonds of the St. L., R. I. & Co. RR. Co., less the interest on the then
outstanding bonds of this issue. This, together with the income from the securities held in the fund, is
to be invested in bonds of this issue at a maximum price of par and accrued interest; the bonds so
purchased to be cancelled. If the bonds cannot be bought at or under the maximum price, the company
can, at its option, pay a higher price or invest the fund in other securities, subject to the approval of the
trustee.
IOWA DIVISION MORTGAGE SINKING FUND BONDS. — Secured by first mortgage on the following lines owned in
fee simple, and on 85.69 miles of 2d track in Iowa: Burlington to Pacific Junction, la., 276.86 m.; Red Oak
to Hamburg, la., 39.17 m. ; Chariton to Leon, la., 36.72 m. ; Creston, la., to Hopkins, Mo., 42.75 m.; main
track in Council Bluffs, la., 1.57 m. ; a total of 397.07 miles. Also cover the following proprietary lines: Leon,
Mt. Ayr and Southwestern RR., 103.94 m. ; Nebraska City, Sidney and Northeastern RR., 21.12 m. ; Brownville
and Nodaway Valley RR., 35 m. ; Clarinda, College Springs and Southwestern RR., 17.82 m. ; Red Oak and
Atlantic RR., 18.04 m. ; Creston and Northern RR., 27.50 m. ; Hastings and Avoca RR., 15.79 m. ; Chariton,
Des Moines and Southern RR., 33.16 m. ; Des Moines and Knoxville RR., 35.02 m. ; St. Joseph and Des Moines
RR., 48.09 m. ; Western Iowa RR., 20.33 m. ; Albia, Knoxville and Des Moines RR., 32.92 m. ; Humeston and
Shenandoah Ry., 95.45 m. — total, 504.18 miles. Total length of lines on which the bonds are secured, 901.25
miles. The sinking fund payment is l£ p. c. of the par value of all bonds issued, payable yearly on the 1st
of Oct. It is invested in bonds of this issue at a maximum price of 105 and accrued interest for 5 p. c. bonds,
and of par and accrued interest fur 4 p. c. bonds; bonds to be drawn at the maximum price if they cannot be
purchased, and when so purchased or drawn, to be cancelled.
SINKING FUND BONDS OP 1921. — These are $1,000 coupon bonds, with privilege of registration. Interest
payable at the National Bank of Commerce, New York, N. Y. Trustee: New England Trust Co., Boston,
Mass. The sinking fund payment is $43,000 per annum, payable yearly on the 1st of Aug. It is invested in
bonds of this issue at a maximum price of par and accrued interest, bonds to be drawn at the maximum
price if they cannot be purchased, and to be held by the trustee uncancelled until maturity. Interest on
bonds held in the fund is added to the yearly payment, and invested in the same manner. Of the $4,300,000
bonds outstanding, $1,383,000 were in the sinking fund on June 30, 1901.
DENVER EXTENSION SINKING FUND BONDS. — Secured by deposit with the trustee of an equal amount of 1st
mtge. bonds secured on 194.63 m. of the Republican Valley RR. (Beatrice, Neb., to Nemaha City, 65.20 m. ;
Nemaha to Salem, Neb., 17.60 m. ; Table Rock to Wymore, Neb., 39.23 m. ; westerly line of Red Willow
County to westerly line of Nebraska, 72.60 m.), and on the Burlington and Colorado RR., 174.89 miles. In
addition, the trustee holds $540,000 out of a total of $2,105,OOjO 1st mtge. bonds of the Republican Valley RR.
Co. secured on the mileage described hereafter, the remaining $1,565,000 of these bonds being held by the
trustee of the B. & M. R. RR. in Neb. consolidated mortgage: Aurora to York, Neb., 21.68 m.; Aurora to
Central City Neb., 19.63 m. ; Aurora to Grand Island, Neb., 18. 51 m.; Beatrice via Wymore to Red Cloud, Neb.,
115.58 m. — total, 175.40 miles. Sinking fund payment of $79,680 per annum, payable Jan. 1, and July 1, is to
be invested in bonds of this issue at a maximum price of par and accrued interest; bonds to be drawn at the
maximum price if they cannot be purchased, and to be held uncancelled by the trustee until maturity.
Interest on bonds held in the fund is added to the semi-annual payments, and is invested in the same
manner. Of the $7,968,000 bonds outstanding, $2,442,800 were in the sinking fund on June 30, 1901.
PLAIN BONDS OP 1883. — These are plain debentures, not secured by mortgage and without a sinking fund
provision.
NEBRASKA EXTENSION MORTGAGE SINKING FUND BONDS. — Secured by first mortgage on 297.35 miles of the
lines owned in fee simple, being from Hastings to Aurora, Neb., 27.75 miles, and from Grand Island to Alliance,
Neb., 269.60 miles. Also secured by the deposit with the trustee of an aggregate of $23,494,200 1st mtge. bonds
secured on the following proprietary roads, aggregating 1,174.71 miles in length: Nebraska and Colorado RR.,
430.71 m. ; Omaha and North Platte RR., 80.78 m.; Lincoln and Black Hills RR., 157.88 m. ; Colorado and
Wyoming RR., 144.58 m. ; Cheyenne and Burlington RR., 29.01 m. ; Oxford and Kansas RR., 59.60 m.; Beaver
Valley RR., 74.37 m.; Chicago, Nebraska and Kansas RR., -70.38 m. ; Republican Valley, Kansas and South-
western RR., 78.23 m.; Republican Valley and Wyoming RR., 49.17 miles. There is a sinking fund of 1 p. c.
of the par value of all bonds issued, payable annually on the first of May, which is invested in bonds of this
issue at a maximum price of 110 and accrued interest, the bonds so purchased to be cancelled. If, in any year,
sufficient bonds to absorb the fund cannot be purchased at or under the maximum price, any unexpended
remainder of the sinking fund payment is to be returned to the general funds of the company, and the
obligation to purchase bonds therewith ceases. The authorized issue is $45,000,000 at not exceeding $30,000
per mile, including $10,000 per mile for double track.
CONVERTIBLE BONDS. — These bonds are convertible at par into the stock of the C., B. & Q. RR. Co.
at any time up to Nov. 30, 1902, except when the transfer books of the company are closed. The total
issued of both series was $15,278,700, of which $14,713,600 was converted into stock prior to June 30, 1901.
CHICAGO AND IOWA DIVISION BONDS. — Secured by the deposit with the trustee of $2,000,000 1st mtge. bonds
of the Chicago and Iowa RR. Co., secured on the branches from Aurora to Forreston, 111., 78.44 miles, and
from Flag Center to Rockford, 111., 23.50 miles, and on $320,000 1st mtge. 7 p. c. bonds of the Joliet, Rockford
and Northern RR. Co., secured on the branch from Sheridan to Paw Paw, 111., 19.54 miles. There are no
other bonds outstanding secured on the branches named. The Chicago and Iowa RR. bonds mature on Aug. 1,
1935; the Joliet, Rockford and Northern bonds on May 1, 1922. Under the terms of the trust indenture provision
is made that the C., B. & Q. RR. Co. may extend the underlying bonds, or substitute and deposit with the
trustee other bonds of the same company to the same amount and secured by the same lien and at the same
rate of interest, or substitute and deposit with the trustee other securities of equivalent value which are satis-
factory to the trustee.
ILLINOIS DIVISION MORTGAGE BONDS. — Secured on the lines owned by the company east of the Mississippi
River, but subject to the liens of the consol. mtge. 7 p. c. bonds of 1903 and the Chicago and Iowa Division
bonds. The authorized issue is $85,000,000, of which a sufficient amount is reserved for the retirement of prior
liens, the remainder being intended to reimburse the company's treasury for expenditures already made in
the construction or acquisition of the railroads and terminals covered by the mortgage, or to be used for
improvements and betterments and for building or acquiring additional railroads or additional bridges across
the Mississippi River. It is provided in the mortgage that, if any issue of prior lien bonds which may be
retired by iseue of Illinois Division bonds have been secured by pledge of underlying bonds secured by
mortgage on any of the property covered by this mortgage, such underlying bonds are to be deposited with
the trustee under this mortgage, whether cancelled or uncancelled. The trustee shall hold such prior lien
332 POOR'S MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
bonds, and such underlying bonds, for (he further security of the Illinois Division bonds, until such time
as the lien or liens of the mortgages or deeds of trust securing the same shall have been fully discharged
or satisfied, or adequate provision made therefor. The Illinois Division bonds will bear such rate of interest,
not exceeding 5 p. c. per annum, as from time to time shall be determined by the board of directors, and
as shall be designated in the bonds when issued. The bonds may be redeemed on any interest day after
July 1, 1929, upon six months' notice, at par and accrued interest for all bonds bearing interest at a less
rate than 8i p. c. per annum, and at 105 p. c. and accrued interest for all bonds bearing interest at a rate
not less than 3J p. c. per annum.
CONSOLIDATED MORTGAGE SINKING FUND BONDS.— Secured by first mortgage on the main line from Pacific
Junction, la., to Kearney, Neb., 195.29 miles. Also cover the line from Hastings, Neb., to the west line of
Franklin County, Neb., 76.81 m.; the Omaha and Southwestern RR., 46.93 m., and the line of the Nebraska Ry.
from Nemaha via Nebraska City to York, Neb., 135.74 m.; a total of 259.48 miles. In addition to which the
trustee holds $1,565,000 out of a total of $2,105,000 of the 1st mtge. bonds of the Republican Valley RR. Co.,
secured on the mileage described hereafter, the remaining $540,000 of the Republican Valley bonds being held
by the trustee of the C., B. & Q. Denver Extension mortgage: Aurora to York, Neb., 21.68 m. ; Aurora to
Central City, Neb., 19.63 m. ; Aurora to Grand Island, Neb., 18.51 m. ; Beatrice via Wymore to Red Cloud,
Neb., 115.58 m.— total, 175.40 miles. Authorized issue, $14,000,000. Of the $13,488,000 bonds outstanding
en June 30, 1901, $5,300,600 were held uncancelled in the sinking fund, and the interest thereon is to be
invested semi-annually by the trustee in bonds of this issue, at a maximum price of par and accrued interest;
bonds to be drawn if they cannot be purchased, and whether purchased or drawn to be held uncancelled in
the fund. $1,000 bonds from No. 1 to No. 4,400, inclusive, and $600 bonds from No. 1, to No. 1,000, inclusive,
amounting in the aggregate to $5,000,000, are exempt from drawing until July ], 1908. The sinking fund,
with .its accumulations, will retire the whole issue at maturity.
SINKING FUND BONDS OF 1910. — These are plain debenture bonds, not secured by mortgage. There is a
sinking fund of $66,940 a year, payable June 1 and Dec. 1, which is invested in bonds of this issue when they
can be purchased at not exceeding par and accrued interest. If bonds cannot be purchased at or under the
maximum price, the fund is to be invested, at the discretion of the trustee, in other securities, with the assent
of the company. Bonds of this issue purchased for the fund are to be held by the trustee uncancelled, the
interest thereon to be added to the half yearly payments and invested in the same manner. Of the $3,347,000
bonds of this issue, $1,931,000 were in the sinking fund on June 30, 1901, and in addition thereto the fund
held $281,000 C., B. & Q. Nebraska Extension bonds, and $152,000 C. B. & Q. Illinois Division bonds.
REPUBLICAN VALLEY RR. MORTGAGE SINKING FUND BONDS. — Secured by first mortgage on the road from the
west line of Red Willow County to the west line of Franklin County, Neb., 89.90 miles. Of the $1,078,000
outstanding bonds of this issue, there were $386,400 in the sinking fund on June 30, 1901, the interest on
which is to be invested yearly, by the trustee in bonds of this issue at a maximum price of par and accrued
interest. Bonds are to be drawn if they cannot be purchased, and when so purchased or drawn are to be
held uncancelled in the fund. This fund, with its accumulations, will retire the whole issue at maturity.
HANNIBAL AND ST. JOSEPH RR. BONDS.— Secured by first mortgage on 289.22 miles of road as follows:
Hannibal, Mo., via Palmyra and Cameron to St. Joseph, Mo., 206.52 m. ; Palmyra to West Quincy, Mo.,
12.65 m. ; Cameron to Kansas City, Mo., 54.16 m. ; and St. Joseph, Mo., to Atchison, Kan., 15.89 miles.
KANSAS CITY, ST. JOSEPH AND COUNCIL BLUFFS RR. BONDS. — Secured by first mortgage on 249.77 miles of
road, as follows: Kansas City, Mo., to Council Bluffs, la., 189.26 m. ; Amazonia to Hopkins, Mo., 52.30 m. ;
Winthrop, Mo., to Atchison, Kan., 3.51 m.; East Leavenworth, Mo., to Leavenworth, Kan., 1.05 m. ; and
Nebraska City Junction to East Nebraska City, la., 3.65 miles. In case of liquidation, $500,000 of the bonds,
Nos. 1 to 500, are to have preference for principal and interest.
TARKIO VALLEY RR. BONDS.— Secured by first mortgage on the branch of the K. C., St. J. & C. B. RR.
extending from Corning, Mo., to Iowa State Line, 29.54 miles. The K. C., St. J. & C. B. RR. Co. guar-
antees the bonds, both as to principal and interest, and agrees to apply $11,000 per annum to the purchase
of bonds of this issue at the maximum price of par and accrued interest, bonds to be drawn if they
cannot be purchased, and when so drawn or purchased to be cancelled.
NODAWAY VALLEY RR. BONDS.— Secured by first mortgage on the branch of the K. C., St. J. & C. B. RR.
extending from Bigelow to Burlington Junction, Mo., 31.54 miles. The K. C., St. J. & C. B. RR. Oo.
guarantees the bonds, both as to principal and interest, and agrees to apply $10,000 per annum to the
purchase of bonds of this issue at the maximum price of par and accrued interest, bonds to be drawn if
they cannot be purchased, and when so drawn or purchased to be cancelled.
13. Contingent Liabilities for Branch Roads.— The Atchison and Nebraska RR. bonds
are secured by first mortgage on the road from Atchison, Kan., to Lincoln, Neb., 144.95 miles. The
Lincoln and Northwestern RR. are secured by first mortgage on the line from Lincoln to Columbus, NcK.
73.49 miles. There is a sinking fund of $6,000 a year, payable on or before Dec. 31st, which is invested
in bonds of this issue at a maximum price of 110 and accrued interest; bonds so purchased being held
uncancelled in the fund. If bonds cannot be purchased at or under the maximum price, the fund is
invested at the discretion of the trustees. Interest on bonds held in the fund is added to the annual
payment, and invested in the same manner. Of the $600,000 bonds outstanding, June 30, 1901, $47,000 were
held uncancelled in the sinking fund, and in addition thereto the fund holds $142,100 in uncancelled bonds
of other issues.
14. Properties not Covered by Outstanding Bonds.— The length of the roads of the
Chicago, Burlington and Quincy System covered by the several issues of bonds detailed in the state-
ment of funded debt on page 330 is 5,969 miles, leaving in the whole system 1,848 miles of standard
gauge and 178 miles of narrow gauge railroads on which no bonds are outstanding. The 1,848 miles of
standard gauge road include the St. Louis, Keokuk and Northwestern RR., 226 miles, with its double
track steel bridge over the Missouri River at Bellefontaine, Mo., and its terminal in St. Louis; the
Chicago, Burlington and Kansas City Ry., 181 miles; the Keokuk and Western RR., 253 miles; the Nebraska,
Wyoming and Western RR. and the Denver and Montana RR., together 221 miles; from Alliance, Neb., to
Billings, Mont., and from Edgemont to Deadwood, S. D., 621 miles, and sundry short branches.
15. Land Department.— The Iowa grant, made under the Act of May 15, 1856, and acquired
through consolidation with the Burlington and Missouri RR., consisted of 6 sections per mile. The Nebraska
grant, made under the Act of July 2, 1862, and acquired through consolidation with the B. M. RR.
of Nebraska, consisted of 20 sections to the mile of line. The Iowa lands are all sold and the accounts closed.
The sales in Nebraska during the year ending June 30, 1901, were 15,792.66 acres for $75,516.39, an
average of $4.78 per acre; lands reverted, 480 acres, representing $2,440; leaving, as the net result of
operations, sales of 15,312.66 acres for $73,076.39, an average price of $4.77 per acre. Cash receipts, $100,-
932.77. Disbursements: Taxes, $1,592.30; legal expenses, $2,221.65; salaries and office expenses, $7,318.53;
advertising and commissions, $3,461.20; surplus paid treasurer, $86,339,09. Assets, June 30, 1901. — Prin-
cipal, represented by contracts on hand, $168,960.52; interest, represented by contracts on band, $24,451.82;
due from tax delinquents, and other assets, $10.40; town lots unsold, $600; and 13,239 acres unsold land,
estimated at $4 per acre, $52,957.52— total, $246,980.26; or less partial payments ($2,280.30), $244,699.96.
POOR'S MANUAL — CHICAGO, BURLINGTON AND QUINCY SYSTEM. 333
16. Statement of property, operations, and income of the C., B. & Q. RR. for the year
1895, and of the entire system for six fiscal periods, 1896-1901 ; also general balances of the
C., B. & Q. RR. Co. for seven fiscal periods :
1895
Dec. 31.
1896
Dec. 31.
1897
June 30.
6 months.
1898
June 30.
1899
June 30.
1900
June 30.
1901
June 30.
Total Miles of Road
Average Miles Operated.
Locomotives
5,730.54
5,730.54
875
565
174
30,654
3,115
258,216,240
1,822,046,436
$
5,655,589
16,135,16(1
3,083,437
7,180.12
7,180.12
1,137
681
236
39,553
561
324,553,945
2,577,655,320
$
7,452,301
22,423,211
4,300,944
7,180.12
7,180.12
1,137
681
236
39,553
561
143,251,123
1,342,913,449
$
3,282,281
11,555,700
2,103,867
7,179.97
7,179.97
1,123
687
242
39,562
565
362,302,510
3,295,586,072
$
8,153,042
30,543,640
4,103,480
7,418.84
7,249.07
1,148
702
248
41,899
588
448,456,418
3,373,480,389
$
9,469,018
29,270,942
4,649,465
7,661.30
7,545.78
1,150
710
248
42,905
512
469,256,338
3,793,008,334
$
10,384,408
32,557,999
4,593,013
7,911.63
7,753.13
1,173
744
261
43,903
650
533,186,204
3,870,529,358
$
11,624,746
33,662,221
1,765,022
Passenger Cars
Biig°age, etc., Cars
Freight Cars
Other Cars
Passengers One Mile
Tons Freight One Mile. .
Passenger Earnings —
Freight Earnings
Other Earnings
Gross Traffic Earnings..
Operating Expenses
Net Traffic Earnings —
Other Income
24,874,192
15,433,094
34,176.456
21,135;801
16,941,848
10,663,154
42,800,162
26,272,218
43,389,425
26,545,631
47,535,420
29,816,838
50,051,989
32,441,891
9,441,098
1,956,635
13,040,655
390,323
6,278,694
175,908
16,527,944
534,161
16,843,794
487,822
17,718,582
382,195
17,610,098
380,798
Available Revenue . .
Payments : Taxes
ll,39r,733
1,277,445
6,572,627
229,860
760,243
(4)3,280,108
* - 722,550
4,341 05
2,693 13
1,64792
62. 05 p. C.
$
82,004,200
123,333,900
3,819,000
4,764,702
14,688,278
11,935,693
9,000,000
14,915,412
13,430,978
1,524,670
8,252,778
409,275
777,785
(4)3,280,111
- 813,641
4,731 26
2,942 96
1,783 30
61. 84 p. c.
$
82,004,200
126,028,900
2,801,000
4.244.783
14,154,419
11,511,392
9,000,000
16,171,350
6,454,502
1,116,270
4,158.873
213,147
396,856
(2) 1,640,056
- 1,040,599
2,359 55
1,485 10
87445
62.94 p. c.
82,004,200
126,233,900
2,801,000
4,045,298
13,921,731
10,730,906
9,000,000
16,618,811
17,062,105
1,538,668
8,251,466
410,566
778,612
(4J)3,690,12fi
+ 2,392,667
5,961 05
3,659 10
2,301 95
61. 38 p. c.
82,004,200
125,934,900
2,801,000
5,401,892
13,465,252
12,252,236
10,000,000
18,133,976
17,331,616
1,589,835
8,102,902
386,825
523,755
(6) 5,238,370
+ 1,489,929
5,941 75
3,661 94
2,279 81
61. 18 p. c.
$
93,725,400
124,712,700
1,725,000
15,115,820
13,297,355
13,690,216
10,000,000
19,277,294
18,100,777
1,605,503
7,744,545
334,567
487,400
(6) 5,829,678
+ 2,099,084
6,299 60
3,951 33
2,348 27
62.73 p. c.
$
98,447,500
134,174,100
1,725,000
7,319,927
9,041,330
15,722,392
10,000,000
20,375,366
17,990,896
1,627,017
7,421,979
327,893
488,600
(6^)6,652,557
+ 1,472,850
6,455 71
4,184 36
2,271 35
64. 82 p. c.
f
110,577,700
145,479,300
1,725,000
9,397,138
9,159,298
17,217,349
10,000,000
21,599,245
Interest on Bonds
Rent of Tracks, etc. . .
Sinking Funds
Dividend!?
Balance ( + or — )
Gross Earnings p. Mile. .
Gross Expenses p. Mile.
Net Earnings per Mile . .
Expenses to Earnings . . .
Capital Stock
Funded Debt
Cont. LiabilitV (Br. Li'g)
Current Liabilities
Profit and Loss
Income Account
Renewal Fund
Sinking Funds
Total Liabilities ....
Construction and Equip.
Construction Branches. .
Materials on Hand
Sundry Trusts
264,461,185
118,856,412
84,422,185
1,765,545
9,554,899
39,819,318
5,749,549
4,294,278
265,916,044
[ 205,670,432
1,333,811
10,288,813
38,479,644
6,628,092
3,515,252
265,355,846
205,734,513
1,312,341
10.442,354
38,945,593
6,128,288
2,792,757
269,993,456
206,634,183
1,513,508
11,434,680
38,812,202
6,009,290
5,589,593
291,543,785
226,752,658
1,981,326
12,310,250
38,041,253
5,364,514
7,093,784
296,805,615
233.602,755
3,476,611
13,155,469
39,898,962
3,421,152
3,250,666
325,155,030
288,289,112
3,943,269
13,939,946
9,204,746
5,245,162
4,532,795
Investments, Cost
Current Assets
Cash on Hand
Total Assets
264,461,185
265,916,044
265,355,846
269,993,456
291,543,785
296,805,615
325,155,030
Exclusive of $490,188.40, extra dividend on the stock of the Hannibal and St. Joseph RR. Co.
17. RAILROADS CONTROLLED AND OPERATED BY THE C., B. & Q. RR. Co.
Black Hills and Fort Pierre RR. —
Golden Gate to Piedmont, So. Dak., 37.94 m. ;
branches. 8.06 m. — total, 46 m. ; total track, 52.76
miles. Gauge, 3 ft. Rail (steel, 40 m.), 40 Ibs.
Chartered June 15, 1881; road completed In 1891.
Locomotives, 5. Cars — passenger, 2; baggage, 2;
freight (box, 16; flat, 69; coal, 30), 115 — total. 119.
Capital stock, $500,000. Cost of property, $625,069.
This road having been purchased by the C., B. &
Q. RR. Co., was taken over for operation on Aug. 1,
1901.
Burlington and Northwestern Ry.—
Mediapolis to Washington, la., 38.73 m.; total track,
42.21 miles. Gauge, 3 ft. Rail (steel, 22.48 m.).
30 and 50 Ibs. Organized March 3, 1875; road opened
Jan, 4, 1880. In June, 1902, this, road was absorbed
by the Burlington and Western RR., and both lines
have been made standard gauge. Capital stock,
$156,900. Funded debt, $229,982. Cost of road,
$341,569.
Burlington and "Western RR.— Wlnfleld to
Oskaloosa, la., 70.70 m.; total track, 73.7 miles.
Trackage: B. & N. W. RR., Burlington to Winfleld,
la., 33.5 miles. Gauge, 3 ft. Rail (st«el, 2.35 m.),
35 and 48 Ibs. Chartered June 7, 1881; road opened
in Dee., 1883. Absorbed the Burlington and North-
western By. in June, 1902. Both lines have be«n
made standard gauge. Capital stock, $856,803.
Funded debt, $610,660. Cost of road, $1,356.852. T.
W. Barhydt, Pres. ; R, M. Green, Sec. & Trees., Bur*
lington, la.
334 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
James J. Hill St. Paul, Minn.
James N. Hill Dnlnth, Minn.
Norman B. Ream Chicago, 111.
George J. Gould . . .New York, N. Y.
II. MrK. Twomhly.
Charles E. Perkins ..Burlington, la.
1§. Board of Directors, Chicago, Burlington and Quincy RR. Co., elected Nov. 16, 1901.
Robert Bacon New York, N. Y.
E. II. Harriman "
Jacob H. Schiff....
F. W. Hnnnewell Boston, Maes. | J. Malco'm Forbes Boston, Mass.
GEORGE B. HARRIS, President Chicago, 111.
Sec. & Treat.— Thos. 8. Howland Chicago, 111 | Gen. Auditor— C. I. Sturgis Chicago, 111
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
CHICAGO, INDIANAPOLIS AND LOUISVILLE RAILWAY COMPANY.
(For map of this road, see page 835.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Directors and Officers 13
Earnings, Expenses, etc 5
Funded Debt 9
Gen ..Balance Sheet, June 30, 1901 7
Guaranteed Bonds 10
History 2
Income Account, June 30, 1901 ... 5
Investments 11
Joint Interests 3
Leased Line, Statement of 12
Mileage and Equipment, 1894-1901 6
Mileage Operated 1
Operations and Income, 18H4 I'.oi r,
Preferred Stock Preference 8
Rolling Stock 4
1. Mileage Operated, June 30, 1901. — A. LINES OWNED (total, 508.85 miles).
Main Line : New Albany to Michigan City, Ind , 288.86 miles.
Chicago Division : State Line, 111., to Mass. Ave., Indianapolis., Ind 161.94 "
Bedford and Bloomfield Branch : Bedford, Ind., to Switz City, Ind 40.29 "
French Lick Springs Branch : Orleans to French Lick Springs, Ind 17.76 "
B. LEASED LINE :
Indiana Stone RR. : Harrodsburg to Clear Creek, Ind 9.22 "
C. TRACKAGE RIGHTS (total, 28.04 miles) :
Chicago & Western Ind. RR.: Ind. State Line to Chicago, 111 19.86 m.
L. Erie & W. Ry.: Mass. Ave. to Union Depot in Indianapolis, Ind.. 1.76 m.
P., C., C. & St. L. Ry.: New Albany, Ind., to Louisville, Ky 6.42 m.— 28.04 "
Total length of lines operated, June 30, 1901 • 546.11 miles.
Sidings, etc., 162.51 miles. Gauge, 4 ft. 8| in. Rail (steel), 52 to 75 Ibs.
2. History. — Reorganization, March 31, 1897, of the Louisville, New Albany and Chicago
Ry. Co., whose property was sold under foreclosure on March 10, 1897. (See MANUAL for
1897, page 106.) In July, 1902, a majority of the capital stock of this company was acquired
in the joint interest of the Louisville and Nashville RR. Co. and the Southern Ry. Co. (see
statements for those companies).
3. Joint Interests. — The freight house, tracks and yards of this company, and the tracks
and yards of the C., H. & D. Ry. Co., in Indianapolis, Ind., are used jointly by the two com-
panies, the rental and operating expenses being apportioned on a wheelage basis. This
company, the Southern Ry. Co., and the B. & 0. S. W. Ry Co. own the Kentucky and Indiana
Bridge property, each one-third. This company owns one-fifth interest in the C. & W. I. RR.
and Belt Ry. of Chicago, the operation of which during the past year yielded a profit which
permitted the payment of 6 p. c. dividends to the stockholders.
4. Rolling Stock, June 30, 1901. — Locomotives, 86. Cars — passenger, 42 ; combination,
13 ; parlor and dining, 4 ; officers', 3 ; baggage, mail, and express, 19 ; freight (box, 2,635 ;
flat, 2,067; stock, 202; coal, 979; refrigerator, 41; furniture, 122), 6,046; caboose, 45;
service cars, 51 — total cars, 6,223. Included in this total are 5 flat and 388 box "Line"
cars, not owned, but bearing the initials of the company, and 300 flat, 100 stock, and 100 fur-
niture cars held under car trust.
ft. General Income Account, year ending June 80, 1901.
Earnings— Passenger $1,020,198 16
Freight 2,850.469 95
Mail and Express 243,068 50
Miscellaneous 36,733 56
Total ($7,751.22 per mile) $4,150.470 17
Net Earnlngi (40.68 p. c.) $1,687.667 54
Rents 12,97800
Income from Investment* 186,490 85
Interest and Discount 9,279 04
Total Net Income $1,836,421 43
Expense*— Maint. of Way and Structures. . $523,867 67
Maintenance of Equipment 515,705 38
Conducting Transportation 1,137.358 31
General Expenses 285,871 V,
Total ($4,599.41 per mile) $2,462.802 63
Taxes and Revenue Stamps §190,739 75
Rental of Leased Line 12,65000
Rents of Tracks and Terminals 208,963 66
Interest on Bonds 771.294 44
Total Payments $1,183,647 85
336 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Surplus, $652,773.58; surplus to June 30, 1900, $960,149.15; premium on Perry,
Matthews & Buskirk Stone Co. bonds, $3,660.48— total, $1,622,583.21. Deductions: Pre-
ferred dividends (No. 2, Oct. 15, 1900 ; No. 3, April 15, 1901 ; 2 p. c. each), $200,000 ; ex-
traordinary legal expenses, Beattyville bond suit, $25,000— total, $225,000. Balance to
credit of profit and loss, $1,397,583.21. Preferred dividend No. 4, of 2 p. c., was paid in
Oct., 1901.
6. Statement of operations, property, and capital accounts for eight years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad Owned.. .
Miles of Track Owned
Miles of Steel Rail
510.50
63-2.25
5ty.oi
537.11
97
61
17
5,571
1,089,671
1,216,197
2,930.545
930,216
72,226,361
1.439,673
219,388,636
$
1,092,397
1,822,365
221,121
510.50
642.06
577.30
537.11
96
61
17
5,402
917,978
1,276,976
2,846,663
789,073
32,713,522
1,774,982
255,527,990
$
703,748
2,109,526
253,741
510.50
661.53
608.65
537.11
91
61
18
5,532
987,558
1,282,752
2,991,190
913,475
37.754.K67
l.K43,307
265,717,820
$
777,994
2,258;834
255,145
508.85
658.62
606.75
535.46
95
61
18
5,327
1,100,304
1,104,549
2,943,699
850,248
34,281,876
1,694,468
231,858,540
$
697,428
1,944,489
260,843
508.85
661.60
611.31
535.46
83
58
18
5,200
1,097,786
1,322,650
8,317,685
914,315
40,975,547
1,998.039
304,304,920
$
787,322
2,281,294
255,057
508.85
662.42
626.26
535.46
86
57
19
5,325
1,114,544
1,184.527
3,200,554
1,005,200
46,636,848
2,154,430
318,005,985
$
809,808
2.375,351
256,507
508.85
896.67
635.04
546.11
87
57
19
5,536
1,129,495
1,323,179
3,335,903
1,095,024
49,340,980
2.5*1,710
385,542,422
981,593
2,917,123
279,172
508.86
6M.66
666. ti6
546.11
86
62
19
5,749
1.155,579
1,228,213
3.434,391
1,107,476
52.794.103
•,'.37:{,923
357,706,918
S
1,020,198
2,850,470
279,802
Miles of Railroad Operated.
Locomotives
Passenger Cars
Baggage, etc., Cars
Freight and Oth^r Cars
Passenger Train Miles.. . .
Freight Train Miles
Total Engine Mileage
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings.
Other Earnings
Total Earnings ....
3,135,883
2,118,611
3,067,015
2,070,911
3,291,973
2,180,388
2,902,760
2,042,438
3,323,671
2,356,008
3,501,121
2.354.SI50
4,177,888
2,628,206
4,150,470
2,653,542
Expenses and Taxes
Net Earnings
1,017,272
60,000
996.104
78,600
1,111,584
70,800
860,322
74,400
967,663
80,149
1,146,171
93,734
1,549,682
120,559
1,496.928
148,754
Other Receipts
Available Revenue
1,077,272
740,000
32,599
226,688
77,985
5,83844
3,94446
1,89398
67.56 p. C.
1.512C.
0.831 c.
1,074,704
740,000
43,063
221,823
69,818
5,71022
3,85565
1,854 57
67.52 p. c.
2.151 c.
0.826C.
1,182,384
773,496
25,888
220,103
162,897
6,12904
4,059 48
2,069 56
66.24 p. c.
2.061c.
0.850c.
934,722
775,450
9,929
224,405
def. 75,062
5,421 06
3,814 36
1,606 70
70.36 p. c.
2.034C.
0.839c.
1,047,812
745,450
1,239,905
752,700
1,670,241
761,950
1,645,682
771,294
Interest on Bonds
Other Interest, etc
Rentals . . .
213,233
89,129
6,20713
4,399 97
1,80716
70.89 p. c.
1.921C.
O.TSOc.
212,457
274,748
6,53853
4,398 00
2,140 53
67.26 p. c.
1.864C.
0.747C.
221,611
686,680
7,781 65
4,89524
2,88641
62.91 p. c.
1.989C.
0.757c.
221,614
652,774
7,751 22
4,95563
2.795 59
03.'.-3 p. c.
1.983C.
0.797C.
Balance, Surplus
Gross Earnings per Mile
Gross Exp. & Taxes p. Mile
Net, Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass p. Mile. .
Aver. Rate p. Ton p. Mile . .
7. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $27,971,715 72
Car Trusts, 1901 (Contra) 124,930 89
Investments (see Sec. 11) 1,848,411 37
Materials and Supplies 260,713 87
Cash and Currents Assets 1,110,142 92
Refunding Mtge. 5 p. c. Bonds on Hand.. 100,000 00
Unadjusted Accounts 52,680 68
Improvements, 1900 and 1901 323,78980
Total Assets $31,792,385 25
Common Stock Paid in ($100 shares) $10,500,000 00
Preferred Stock Paid in ($100 shares) 5,000,000 00
Funded Debt Outstanding 13,542,000 00
Car Trust Notes of 1896 35,38700
Car Trust Notes of 1901 (Contra) 124,930 88
Current Liabilities 1,032,994 37
Equipment Replacement Accounts 159,48978
Profit and Loss 1,397,583 21
Total Liabilities $31,792,385 25
8. Preferred Stock Preference.— The preferred stock has priority over common stock for
dividends at the rate of 4 p. c. per annum, non-cumulative.
9. Funded Debt — The funded debt outstanding, June 30, 1901, consisted of $3,000,000 L., N. A. &
C. Ry. Main Line 6s of July 1, 1910; $2,300,000 C. & I. Div. 1st 6s of Aug. 1, 1911; $4,700,000 Refunding 6s
of July 1, 1947; and $3,542,000 Refunding 5s of July 1, 1947. Both issues of refunding mortgage bonds are
secured by the same mortgage, dated July 1, 1897, and covering the entire property and assets of the
The remainder of the $15,000,000 of bonds authorized by the refunding mortgage can be issued only for
future acquisitions to be placed under the mortgage, not more than $300,000 of such reserved bonds to be
issued in any one year. In the agreement under which the majority interest in the capital stock of this
company WM acquired by the Louisville and Nashville RR. Co. and the Southern Ry. Co. (see Sec. 2). it
is provided thie company shall not execute or issue any bonds except for the refunding of its existing
obligation!, for the acquisition of additional property, for betterment! or improvement*, or for other
lawful purposes, (Additional particulars respecting the funded debt will be found in the Ready Reference
Bond Mst— see- General Index.)
POOR'S MANUAL OF RAILROADS. 337
10. Guaranteed Bontls. — The company guarantees $50,000 1st mtge. gold bonds of the Perry,
Matthews, Buskirk Stone Co., and has assumed the $253,000 1st 50-yr. 5s of the Indiana Stone RR. Co., due
Sept. 1, 1948. These latter, as well as the capital stock of the same company, are all held in the treasury of
the company.
11. Investments (see General Balance Sheet). — These consist of the following: C. & W. I. RR. Co.,
$529,993.26; Belt Ry. Co. of Chicago, $260,000; bonds of Kentucky and Indiana Bridge and RR. Co., $320,-
722.38; stocks and bonds Indiana Stone RR. Co., $209,090.73; stocks and bonds of other companies, $548,605—
total, $1,868,411.37.
12. RAILROAD LEASED BY THE CHICAGO, INDIANAPOLIS AND LOUISVILLE RY. Co.
Indiana Stone RR.— Clear Creek to Harrods-
burg, Ind., 9.22 m. ; total track (steel, 13.82 m.),
13.92 miles. Hail, 56 and 60 Ibs. Chartered Jan. 3,
1898; road opened Sept. 1, 1899. Leased for 99 years
from Sept. 1, 1899, the lessee to pay Interest on the
bonds as it falls due and to redeem the bonds at their
5s of Sept. 1, 1948), $253,000—^81, representing
cost of road, etc., $268,000. The stock and the
bonds are all owned by the lessee. G. B. Shaw,
Pres., Chicago, 111.; Samuel Thomas, Vice-Pres.,
New York, N. Y. ; W. H. Lewis, Sec. & Treas.,
Chicago, 111. Office, Chicago, 111.
maturity. Capital stock, $15,000; funded debt (1st
13. Board of Directors, C., I. & L. Ry. Co., as constituted January 1, 1902.
Term expires Sept., 1902.
H. M. Work New York, N. Y.
Anthony J.Thomas. " " "
Term expires Sept., 1903.
Gilbert B. Shaw Chicago, 111.
James Murdock La Fayette, Ind.
Volney T. Malott. Indianapolis, Ind.
Term expires Sept., 1904.
R. M. Gallaway New York, N. Y.
Charles Steele " " "
Wm. H. McDoel Chicago, 111.
Term expires Sept., 1905.
Samuel Thomas. . . .New York, N. Y. | Amos T. French. . .New York, N. Y. | E. R. Thomas New York, N. Y.
W. H. McDoEL, President and General Manager Chicago, 111.
Anthony J. Thomas, Vice- President New York, N. T.
Sec. & Asst. Treas.— John A. Hilton. .New York, N. Y. | Treas. & Asst. Sec.—W. H. Lewis Chicago, III.
PRINCIPAL OFFICE AND ADDRESS 198 Custom House Place, Chicago, 111.
New York Office 80 Broadway.
CHICAGO JUNCTION RAILWAY COMPANY.
Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 27.08 miles).
Main Line : Whiting, Ind., to Blue Island, 111 14.07 miles.
Franklin Park Section : McCook to Franklin Park, 111 10. 36 ' '
Branches 2.65 "
B. LEASED LINE : Union Stock Yards and Transit Line 19.08 "
C. TRACKAGE RIGHTS (see details appended) 35.97 ' '
Total mileage operated, June 30, 1901 82.13 miles.
Sd'track (owned, 14.79 in.; leased, 17.57m.), 32.36 m.; sidings (owned, 21.36 m.; leased.
84.10 m.), 105.46 m. Total track (owned, 63.18 m.; leased, 120.75 m.), 183.93 miles. Gauge,
4 ft. 8£ in. Rail (steel— owned, 63.18 m.; leased, 120.75 m.— total, 183.93 m.), 75 Ibs.
Trackage Rights. — The company has trackage rights in other roads as follows :
Calumet KR., from South Chicago to Hegewisch, 111.. 4.42 m. ; South Chicago and Southern
RR., from Hegewisch to Calumet Park, 111. ,1.75 m.; East Chicago Belt Ry., from State Line,
Ind., to East Chicago, 111., 4.43 m.; and from State Line, Ind., to Qrasseli, III., 0.85 m. ;
Terminal Ry., from Chappell, 111., to Union Stock Yards, Chicago, 111., 10.15 m.; Chicago
Terminal Transfer RR., from Blue Island to McCooL 111., 13.88 m., and at Whiting, Ind.,
0.49 m.— total, 85.97 miles.
History.— Consolidation, Jan. 1, 1898 (effective April 1, 1898), of the Chicago, Ham-
mond and Western RR. Co. and the Chicago aud Indiana State Line Ry. Co. (see MANUAL
for 1897, page 121). The Union Stock Yards and Transit Line is operated under a lease
whereby it receives two-thirds of the net earnings of the entire property.
Rolling Stock, June 30, 1901. — Locomotives (26 leased), 41. Cars — freight (box, 3;
stock, 100; coal, 243), 346; service, 13— total, 359.
Operations, year ending June 30, 1901. — Train mileage (freight), 160,997 miles.
Tons of freight moved, 2,363,709 ; moved one mile, 54,079,835. Gross earnings (freight,
$496 200.05; other, $1,342,588.60), $1,838,788.65. Operating expenses (maint. way and struc-
tures, $209,419.47; maintenance of equipment, $95,366.84; traqsportation, $731,577.04;
general, $75,242.19), $1,111,585.54. Net earnings, $727,203.11 ; rents received, $42,167.38;
other income, $11,011.92— total, $780,382.41. Payments : Lease rental, $420,212.95 ; taxes,
$18 284.61; interest on bonds, $125,400; other interest, $6,274.29; dividends (6 p. c.), $132,000
—total, $702,171.85. Surplus, $78,210.56; surplus forward, $431,602.69— total, $509,813.25.
Deductions (credited to equipment renewal fund, $25,000; operating expenses, 1899, $4,414.34),
$29,414.34. Surplus, June 30, 1901, $480,398,91,
338 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
General Balance Sheet, June 30, 1901.
Cost of Road $4,271,377 00 t Capital Stock ($100 shares) $2,200,00000
Cost of Equipment 281,592 10 ! Funded Debt 2,090,000 00
Securities Owned 82,20000 Current Liabilities 650,59232
Materials and Supplies 137,35610 Profit and Loss 480,39891
Cash and Current Assets
648,466 03
Total Assets $5,420,991 23
Total Liabilities $5,420,99123
Funded Debt. — The funded debt outstanding on June 30, 1901, consisted of J.st 6s of Jan. 1,
1927, secured by mortgage dated Jan. 1, 1897, and covering the entiVe property of the company. (Additional
particulars will be found in the Ready Reference Bond List — see General Index.)
Directors. — J. A. Spoor, A. Q. Leonard, P. A. Valentine, Chicago, 111.; Wm. C. Lan«%
New York, N. T.; J. P. Lyman, R. Fitzgerald, F. S. Winston, A. H. Veeder, Chicago, 111.;
Nathaniel Thayer, Boston Mass.
J. A. SPOOR, President Chicago, 111.
R. Fitzgerald, Vice-President "
Sec. & Treas.—C. D. Mover. Chicago, 111. | Auditor— C. C. Chace Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Monadnock Building, Chicago, 111.
CHICAGO, MILWAUKEE AND ST. PAUL RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREIN BELOW — REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Owned 12
Capital Expenditures 11
Capital Stock 6
Directors and Officers 13
Dividend Rights 6
Earnings, Expenses, etc 4
Funded Debt, Details of 8 and 9
Gen. Balance Sheet, June 30, 1901 5
History 2
Income Account, June 30, 1901. . . 4
Income Account, 1895-1901 7
Interest on Bonds, Details 4b
Lines of Road Ic
Mileage and Equipment, 1895-1901 7
Mileage Operated 1
Operations and Income, 1895-1901 7
Renewal Fund 10
Rolling Stock 3
Stocks and Bonds Owned 12
Trackage and Terminal Rights . . Ib
Track Mileage la
1. Mileage Operated, June 30, 1901.
Main Line : Chicago, 111., to Minneapolis, Minn 420.00 miles.
Otlier divisions and branches, owned absolutely 6,150.68
Lines owned jointly with other companies 25.64
Lines operated under trackage rights 150 . 26 "
6,746. 58 miles.
Total length of lines operated, June 30, 1901
la. Statement of track mileage of the system on June 30, 1901 :
Main
Track.
2d Track.
3d Track.
4thTrack.
Connect.
Tracks.
Sidings,
etc.
Total
Track.
Steel
Rail.
Lines Owned Absolutely. . .
Lines Owned Jointly
Miles.
6,570.68
25 64
Miles.
273.68
1 83
Miles.
5.02
Miles.
1.72
Miles.
33.00
2.16
Miles.
1,621.01
54 93
MUes.
8,505.11
84.56
Miles.
8,241.91
84 56
Trackage Rights
150 26
18 82
1 14
170 22
170.22
Totals
6,746.58
294.33
6.16
1.72
35.16
1,675.94
8,759.89
8,496.69
Gauge, 4 ft. 8-J in. Rail, 56 to 85 Iba.
Ib. Statement of mileage used by the company under contracts for trackage or terminal
rights, also showing the annual consideration paid therefor :
NAME OF COMPANY.
Designation
of Property.
Situation of Property.
Miles
of
Line.
Annual Consideration.
P., 0., C. & St. L. Ry.
Illinois Central RR.. .
Kansas City Belt Rv. .
Chi.. Burl. AQui.RR.
Union Pacific RR. ..
Des M. Union Ey
Dav.,R.l.&N.W.Ry.
Escan.A L'keSup.Ry.
Burl.,C.E. &No.Ry.
Total
Tracks
Tracks
Tr'ks & term'ls.
Tr'ks & term'ls.
Tr'ks & term'ls.
Tr'ks & term'ls.
Tr'ks & term'ls.
Tracks
Chicago, 111
Dubuque, la
2.37
0.67
6.83
11.97
8.60
1.72
51.36
65.43
1.31
Proportion of maintenance.
83,240 yearly rental.
3 p. c. on value, & prop'n maint.
Proportion of maintenance.
$45.000 y'ly rent. <fe prop'n maint.
Proportion of maintenance.
Cobnrg to Kansas City, Mo
Rockford to Davis Junction, 111 . .
Coun. Bluffs Trans, to So. Omaha
Des Moines, la
Clinton, la., to East Moline, 111...
Channing to Escanaba, Mien
Clinton la .... . . ...
Tracks . .
150.36
POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL BY. CO. 339
A contract has been made with the Northern Pacific Ry. Co. for the use of that com-
pany's St. Paul-Duluth line for the term of 99 years from Oct. 1, 1900.
Ic. Statement iu detail of the lines operated on June 30, 1901 :
LINES OWNED ABSOLUTELY.
Chicago, 111., to Milwaukee, Wis
Rondout, 111., to Janesville, Wis
South Milwaukee to La Crosse, Wis
Watertown Junction to Madison, Wis
Portage City to East Madison, Wis
Viroqua Junction to Viroqua, Wis
North La Crosse to OnalasKa, Wis
North La Crosse, Wis., to Minneapolis, Minn..
St. Croix Junction to Stilhvater, Minn
Milwaukee, Wis., to North McGregor, la
Mazomanie to Prairie du Sac, Wis
Lone Rock to Richland Center, Wis
Calinar, la., to Minneapolis, Minn
Conover to Decorah, la
Austin, Minn., to Mason City, la
Mendota to St. Paul, Minn
Northfield to Cannon Junction, Minn
North McGregor, la., to Chamberlain, S. D
Benlah to Elkader, la
Spencer to Spirit Lake, la
Rock Valley, la., to Hudson, 8. D
Marion Junction to Running Water, S. D
Chestnut St., Milwaukee, to Portage City, Wis.
Cement Line Junction to Rock, Wis
Iron Ridge to Fond du Lac, Wis
Horicon to Berlin, Wis
Brandon to Markesan, Wis
Ripon to Oshkosh, Wis
Rn^h Lake Junction to Winneconne, Wis
Merrill Park to North Milwaukee, Wis
Gran ville to North Lake, Wis
South Minneapolis, Minn., to Aberdeen, S. D. .
Glencpe to Hutchinson, Minn
Hopkins to Lake Minnetonka, Minn
Hastings to Benton Junction, Minn
Milbank to Sisseton, S. D
Andover to Harlem, N. D
Wabashato Zumbrota, Minn
Racine, Wis., to Kittredge, 111
Savanna to East Moline, 111
Janesville to Beloit, Wis
Elkhorn to Eagle, Wis
Rockton to Rockford, 111
Manilla, la., to Mitchell, S. D
Elk Point, la., 10 Sioux Falls Junction, S. D. . .
Tripp to Armour, S. D
Napa to Platte, S. D
North Chicago to Savanna, 111
Galewood to Dunning, III ' . . .
Savanna, 111., to Council Bluffs, la
Elk River Junction to Clinton, la
Davenport to Jackson Junction, la
Eldridge to Hurstville, la
Paralta to Farley, la
La Crescent, Minn., to Woonsocket, S. D
Wells to Mankato, Minn
Madison to Bristol, S. D
Milton to Shullsburg, Wis
Brodhead to New Glarus, Wis
Warren, 111., to Mineral Point, Wis
Miles.
82.59
66.90
196.70
36.48
33.01
32.17
3.76
138.11
24.78
196.62
10.37
16.32
172.02
10.00
39.29
0.36
31.98
441.25
19.20
20.18
9.38
62.85
100.24
1.06
30.66
42.30
11.49
19.09
14.89
6.17
20.08
285.76
13.46
7.84
53.71
37.24
55.91
60.21
119.94
47.70
13.86
16.59
14.94
235.08
102.73
20.45
82.00
138.71
2.98
349.15
10.58
151.50
34.61
48.63
393.42
38.08
103.02
76.84
22.78
32.29
LINES OWNED ABSOLUTELY— Continued.
Calamine to Platteville, Wis
Sabula Junction, la., to River Junction, Minn..
Bellevue to Cascade. la
Turkey River Junction to West Union, la
Waukon Junction to Waukon, la
Reno to Preston. Minn
Tomah to Star Lake, Wis
New Lisbon to Vesper, Wis
Dexterville to Romadka, Wis
Wabasha, Minn., to Chippewa Falls, Wis
Red Cedar Junction to Cedar Falls, Wis
Ortonville, Minn., to Fargo, S. D
Mitchell, S. D., to Edgeley , N. D
Aberdeen to Bowdle, S. D
Bowdle to Evarts, S. D
Orient to Eureka, S. D
Marion, la., to Coburg, Mo
Chicago to Llewellyn Park, 111
North Milwaukee, Wis., to Champion, Mich....
Hilbert Junction to Appleton, Wis
Oconto Junction to Oconto, Wis
Ellis Junction, Wis., to Menominee, Mich
Wausaukee to Girard Junction, Wis
Channing to Ontonagon, Mich
Kelso to Crystal Falls, Mich
Des Moines to Spencer, la
Clive to Boone, la
Rockwell City to Storm Lake, la
Miles.
17.14
161.11
35.77
58.34
22.95
57.77
183.22
50.07
27.65
61.38
20.67
116.97
192.98
57.02
40.65
67.38
299.54
13.59
253.81
6.08
11.94
22.43
17.65
92.87
6.94
155.46
34.97
38.58
Total Owned Absolutely 6,570.68
MAIN TRACK IN WHICH THE COMPANY is
JOINTLY INTERESTED WITH —
Chicago & Northwestern Ry. Co., Chicago, 111 .. I
Pitts., Cin.,Chi. & St. L. Ry. Co., Chicago, 111. j
Wis. Cent. Ry., Chippewa Falls, Wii»
Chicago & Northwestern Ry. Co., Chicago, 111. . \
Pitts., Cin., Chi. & St. L. Ry. Co., Chicago, 111. j
C., St. P., M. & O. Ry. Co., Mendota to St. I
Paul, Minn j
C., B. & Q. RR. Co., Davis Junction, 111
Burl., C. R. & No. Ry. Co., Davenport, la
Illinois Central RR. Co., Sioux City, la )
C., St. P., M. & O. Ry. Co., Sioux City, la V
Sionx City & Pacific Ry. Co., Sioux City, la. . . . )
C. & N. W. Ry. Co., Fond du Lac, Wis
Wis ppnt Tfvro jNeenah toMenasha, Wis...
Wis. Cent. Ry.Co. -j Hilbert Jc to Menasha,Wis.
C., B. & O. RR. Co., Clinton, la >
Burl., C. R. & No. Ry. Co., Clinton, la (
0.39
1.63
0.16
5.20
0.16
1.87
0.11
0.28
1.39
14.41
0.04
Total Owned Jointly 25.C4
Total Lines Operated 6,596.32
Trackage Rights (details elsewhere) 150.26
Grand Total 6,746.58
2. History. — Organized May 5, 1863, under the name of Milwaukee and St. Paul Ry. Co.
Name changed Feb. 14, 1874, to Chicago, Milwaukee and St. Paul Ry. Co. The steady growth
of the system is recorded in previous editions of the MANUAL, particularly those for 1888 and
1892. On Oct. 18, 1900, the company acquired the Milwaukee and Superior Ry., extending
from Granville to North Lake, Wis., 20.08 miles, and that property is now covered by the
lien of the general gold bond mortgage of 1989. The extension of the Libertyville Line to
Fox Lake, 111., under construction at the close of the fiscal year ending June 30, 1900, and a
further extension of it to Janesville-, Wis., a total distance of 68.90 miles, have been com-
pleted. The following extensions, partly constructed previous to June 30, 1900, were com-
pleted in Oct., 1900: From Napa to Platte, S. D., 82 miles; from Bowdle to Evarts, S. D.,
40.65 miles ; and from Kelso to Crystal Falls, Mich., 6.94 miles.
To secure a more direct line and one of lower grade between Chicago and Kansas City,
340 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
the construction of a line from Ashdale, 111., to a point 1.90 miles south of Thomson, 111., a
distance of 14.67 miles, and from Muscatine, la., to Rutledge, la., a distance of 75.98 miles,
has been begun. In connection with these new lines, the company will have the joint use
of the line of the Davenport, Rock Island and Northwestern Ry. from East Moline, 111., to
to Davenport, la., and of the line of the Chicago, Rock Island and Pacific Ry. from Daven-
port, la., to Muscatine, la.
3. Rolling Stock, June 30, 1901. — Standard Gauge : Locomotives, 890. Oars— passenger,
451; sleeping, 55; parlor, 17 ; dining, 8; baggage, mail, express and combination, 320; freight
(box, 25,951; stock, 2,987; flat, coal, and ore, 7,188; refrigerator and vegetable, 1,252; ballast,
50), 37,428; service, 589 — total, 38,868. Narrow Gauge : Locomotives, 7. Cars — passenger,
4 ; baggage, mail, express and combination, 5 ; freight (box, 202 ; stock, 58 ; flat, 45), 305 ;
caboose, 5 — total, 349.
4. General Income Account, year ending June 30, 1901.
Earnings— Passenger $7,939,215 76
Freight 31,357,992 49
Mail, Express, and Other. . . . 3,071,804 40
Total ($6,505.92 per mile) $42,369,012 65
Expenses— Maint. of Way and Structures. $6,505,864 07
Maintenance of Rolling Stock. 3,024,725 18
Transportation and Other 17,105,523 €3
Total ($4,090.07 per mile) $26,636,112 88
4a. Net earnings (37.13 p. c.), $15,732,899.77 ; add other income, $174,682.67— total,
$15,907,582.44. Payments: Taxes, $1,341,390.44; interest accrued on bonds (see Sec. 4b),
$6,383,035.42; dividend No. 62, payable April 25, 1901 (3^ p.c. on preferred stock, $1,435,136.50;
3 p. c. on common stock, $1,414,458), $2,849,594.50— total, $10,574,020.36. Surplus,
$5,333,562.08. Credit balance, June 30, 1900, $14,887,253.66; less dividend No. 61, paid Oct.
22, 1900, from earnings of the fiscal year ending June 30, 1900, 3$ p. c. ($1,415,921.50) on
preferred stock and 2£ p. c. ($1,178,665) on common stock, $2,594,586.50; balance, June 30,
1900, $12,292,667.16. Credit balnnce, June 30, 1901, $17,626,229.24. Dividend No. 63 from
the earnings of the fiscal year ending June 30, 1901, 3$ p. c. ($1,563,044) on preferred stock
and 3 p. c. ($1,674,654) on common stock, was paid on Oct. 29, 1901, leaving a surplus from
the year's business of $2,095,864.08.
4fo. Interest Accrued on Bonds.— St. P. Div. 1st 7s, 1902, $50,050; St. P. Div. £ 1st
7s, 1902, $14,350; H. & D. Div. 1st 7s, 1903, $2,030; C. & M. Div. 1st 7s, 1903, $27,860; consol.
7s, 1904, $4,830; consol. 7s, 1905, $246,260; I. & D. Ex. 1st 7s, 1908, $109,200; S. W. Div.
1st 6s, 1909, $240,000; H. & D. Ex. 1st 7s, 1910, $397,600; H. & D. Ex. 1st 5s, 1910, $49,500;
C. & P. Div. 1st 6s, 1910, $180,000; So. Minn. Div. 1st 6s, 1910, $445,920; M. Pt. Div. 1st 5s,
1910, $142,000 ; Terminal 5s, 1914, $237,400 ; L. C. & D. Div. 1st 5s, 1919, $125,000 ; Dub.
Div. 1st 6s, 1920, $360,420; Wis. Val. Div. 1st 6s, 1920, $130,740; C. & P. VV. Div. 1st 5s,
1921, $1,267,000; W. & M. 1st 5s, 1921, $237,750; C. & L. S. Div. 1st 5s, 1921, $68,000; C. &
M. R. Div. 1st 5s, 1926, $154,150; gen. mtge. 4s, 1989, $960,000; gen. rntge. 3|s, 1989, $352,450;
W. V. RR. 1st 7s, 1909, $77,455 ; M. & N. RR. 1st 6s, 1910, $129,300; M. & N. RR. Con. 6s,
1913, $305,520; D. & Gt. S. Ry. 1st 5s, 191fi, $142,800; F. & S. Ry. 1st 6s, 1924, $75,000;
income sinking fund couv. (matured), $58.61 ; interest on bonds retired, $128,335.27 — total,
$6,660,978.88. Less interest on bonds held in the treasury of the company or due from the
trustees, $277,943.46. Net amount of interest accrued, $6,383,035.42.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment ....$224,288,832 69
Bonds, Stocks, etc., of Other Companies. 2,170,503 25
Sinking Fund Assets 633,593 59
Depositaries of Renewal Fund 3,412,073 9»
Insurance Department 10,000 00
Materials and Fuel on Hand 3,217,291 29
Stocks and Bonds in Treasury 4,887,700 00
Sundry Dues and Accounts 2,121,014 14
Cash on Hand 13,518,176 07
Deferred Payments for Common Stock.. 2,206,650 00
Total Assets $256,465,835 01
Capital Stock— Preferred $44,658,400 00
Capital Stock— Common 55,821,800 00
Funded Debt 126,941,500 00
Sinking Funds 635,28451
Current Liabilities 4,420,57978
Interest Accrued, not yet Payable 2,887,117 50
Rolling Stock Replacement Funds 62,850 00
Renewal and Improvement Fund 3,412,073 98
Income Account 17,626,229 24
Total Litbilitiw $256,405,885 01
6. Capital Stock.— The capital stock has been increased during the fiscal year ending June 30,
1901, by $4,2.03,500 preferred stock, and $2,000 common stock, issued in exchange for the same amount of
POOR'S MANUAL— CHICAGO, MILWAUKEE AND ST. PAUL RY. CO. 341
convertible bonds cancelled. The company has sold to its stockholders of record, Mar. 11, 1901, 86,732
shares of common stock at par, to reimburse the treasury, for amount expended from earnings for con-
struction of various lines, for real estate, etc., to Dec. 31, 1900 ($4,522,520.25); to provide funds for
the shortening of the Kansas City line ($2,866,932) ; and for other construction purposes and additions to
the property.
The preferred stock is entitled to 7 p. c. dividends, non-cumulative, after payment of interest on all
bonds, the company having the privilege of reserving, as a working capital, not exceeding $250,000 over
floating debt and accrued interest on the mortgage bonds. After payment of 7 p. c. on common stock
both classes share pro rata in any further profits. A statement showing the dates and rates of all dividends
paid by the company up to and including that of April 19, 1898, together with the amounts of capital stock
on which such dividends were paid, is in the Manual for 1898, page 399. For later payments, see General
Index.
7. Statement of operations, etc., property, and capital account for seven fiscal years :
1895
1896
1897
1898
1899
1900
1901
Mileage Operated ....
6,159.35
7,549,199
10,911,957
919,316
6,153.27
7,788,709
13,526,151
970,799
6,152.55
7,819,919
12,387,036
992,511
6,153.83
7,930,481
13,880,445
1,140,398
6,153.72
8,188,048
15,331,606
1,125,398
6,347.38
9,031,841
15,124,734
1,242,986
6,512.38
9,635,637
14,541,938
1,188,188
Passenger Train Mileage
Freight Train Mileage . .
Mixed Train Mileage. . .
Total Rev. Train Mileage
Passengers Carried
Passenger Mileage
19,380,472
7,235,299
244,225,688
10,475,942
1,765,245,552
s
5,852,781
18,978,263
2,504,325
22,285,659
7,427,614
260,821,497
12,210,055
2,381,667,988
$
6,147,679
23,887,930
2,646,220
21,199,466
7,154,689
251,110,669
11,554,153
2,193,241,080
$
5,717,496
22,104,803
2,664,469
22,951,324
7,095,641
253,485,504
14,230,742
2,621,348,372
$
5,986,840
25,468,852
2,733,972
24,645,052
7,677,769
290,017,172
15,830,156
3,070,579,710
$
6,778,921
28,773,222
2,758,489
25,399,561
8,677,822
328,178,516
17,757,419
3,357,456,584
8,514
31,220,217
2,965,961
25,305,713
8,319,227
341,643,592
18,010,683
3,639,977,919
8
7,939,216
31,357,992
3,071,804
Freight (tons) Moved. . .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Gross Earnings
27,335,369
15,959,053
32,681,829
18,594,724
30,486,768
17,393,308
34,189,664
20,067,436
38,310,632
22,776,670
41,884,692
27,162,829
42,369,012
26,636,112
Operating Expenses
Net Earnings
11,763,316
134,647
14,087,105
64,857
13,093,460
162,823
14,122,228
131,018
15,533,962
117,411
14,721,863
144,755
15,732,900
174,682
Other Receipts
Net Income
11,510,963
1,084,700
7,629,377
(7) 1,825,208
(2) 920,545
51,133
4,438 03
2,591 03
1,847 00
58.38 p. c.
2.40c.
1.08 c.
6,164.07
7,722.56
5,891.00
836
776
27,931
$
26,156,900
46,027,261
139,321,000
930,290
6,121,546
5,479,879
14,151,962
1,082,084
7,611,928
(7) 1,872,178
(4) 1,841,090
1,744,682
5,311 13
3,021 93
2,289 20
56.90 p. c.
2.36 c.
1.00 jc.
6,145.19
7,745.83
5,954.63
833
777
27,961
8
26,895,900
46,027,261
139,161,000
1,306,286
6,348,536
7,663,867
13,256,283
1,184,231
7,488,747
(7) 1,971.978
(5) 2,301,343
310,034
4,955 14
2,827 08
2,128 06
57.05 p. c.
2.28 c.
1.01 c.
6,148.24
7,776.16
5,990.18
830
778
27,819
$
29,054,900
46,026,600
137,762,000
1,624,873
6,001,629
8,509,720
14,253,246
1,134,131
7,190,431
(7) 2,200,968
(5) 2,301,330
1,426,386
5,555 83
3,260 97
2,294 86
58.69 p. c.
2.36 c.
0.97 c.
6,148.24
7,844.98
6,225.05
815
784
30.264
$
31,818,400
46,026,600
136,588,500
2,577,774
6,726,156
9,802,695
15,651,373
1,186,166
6,890,120
(7) 2,411,126
(5) 2,341,405
2,822,556
6,225 61
3,701 28
2,524 33
59.45 p. c.
2.34 c.
0.94 c.
6,147.91
7,910.52
6,675.74
813
777
34,115
$
35,595,400
46,923,600
136,226,500
3,727,597
6,895,848
12,779,871
14,866,618
1,258,008
6,633,170
(7) 2,686,610
(5) 2,357,105
1,931,725
6,598 74
4,263 62
2,335 12
64.85 p. c.
2.35 c.
0.93 C.
6,409.87
8,262.91
7,593.92
837
833
36,648
40,454,900
47,146,600
131,147,000
3,767,190
7,005,210
14,887,254
15,907,582
1,341,390
6,383,035
(7) 2,998,181
(6) 3,089,112
2,095,864
6,505 92
4,090 07
2,415 85
62.87 p. c.
2.32 c.
0.86 c.
6,583.50
8,547.39
8,284.19
897
860
38,327
8
44,658,400
55,821,800
126,941,500
4,110,209
7,307,697
17,626,229
Charges— Taxes
Interest ....
Preferred Dividends. .
Common Dividends. . .
Balance, Surplus
Gross Earnings per Mile
Operating Exp. per Mile
Net Earmngsjper Mile. .
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile.
Miles of RR. Owned*
Miles Track Owned* . . .
Miles Steel Rails*
Locomotives
Passenger Train Cars. . .
Freight Train Cars
Preferred Stock
Common Stock
Funded Debt
Special Funds t
Current Liabilities
Income Account
Total Liabilities ....
Cost of Property
224,036,876
211,168,037
5,579,509
696,841
1,743,013
2,057,752
2,791,724
227,402,851
211,830,735
5,451,236
1,022,082
1,846,511
1,658,668
5,593,619
228,979,722
212,594,714
6,318,856
1,642,485
1,911,288
1,538,911
4,973,468
233,520,125
214,195,295
7,432,223
2,580,793
2,265,902
1,958,169
5,087,743
242,148,816
218,506,635
9,252,187
3,758,394
2,467,794
1,786,314
6,377,492
244,408,154
218,302,681
9,453,391
3,827,730
3,494,898
4,241,053
5,088,401
256,465,835
224,288,833
9,264,853
4,055,668
3,217,291
2,121,014
13,518,176
Stocks, Bonds, etc
Special Fund Assets
Materials and Fuel
Current Assets
Cash on Hand
Total Assets
224,036,876
227,402,851
228,979,722
233,520,125
242,148,816
244,408,154
256,465,835
* Includes one-half of mileage owned jointly with other companies, t Includes sinking funds, rolling stock,
replacement fund, and renewal fund.
8. Funded Debt — The funded debt on June 30, 1901— total, $126,941,500, as per general balance
sheet — consisted of the several issues of bonds, listed in the following statement. Additional particulars
respecting any issue will be found in the paragraph relating thereto subjoined to the statement; and the
POORS MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
details of funded debt outstanding on or about Aug. I, 1902, will be found in the Ready Reference Bond
List— see General Index:
$715,000 St. P. Div. 1st 7s of Jan. 1, 1902.
206,000 St. P. Div. £ 1st 7s of Jan. 1, 1902.
29,000 H. & D. Div. 1st 7s of Jan, 1, 1903.
398,000 C. & M. Div. 1st 7s of Jan. 1, 1903.
69,000 Consol. 7s of Jan. 1, 1904.
3,518,000 Consol. 7s of July 1, 1905.
1,500,000 I. & D. Ext. 1st 7s of July 1, 1908.
4,000,000 S. W. Div. 1st 6s of July 1, 1909.
5,680,000 II. & D. Ex. 1st 7s of Jan. 1, 1910.
990,000 H. & D. Ex. 1st 5s of Jan. 1, 1910.
3,000.000 C. & P. Div. 1st 6s of Jan. 1, 1910.
7,432,000 So. Min. Div. 1st 6s of Jan. 1, 1910.
2,840,000 M. Pt. Div. 1st 5s of July 1, 1910.
4,748,000 Terminal 5s of July 1, 1914.
2,500,000 L. C. & D. Div. 1st 5s of July 1, 1919.
$6,007,000 Dub. Div. 1st 6s of July 1, 1920
2,179,000 Wis. Val. Div. 1st 6s of Julv 1, 1920
25,340,000 C. & P. W. Div. 1st 5s of Jan. 1, 1921
4,755,000 W. & M. Div. 1st 5s of Julv 1, 1921
1,300,000 C. ft L. 8. Div. 1st 5s of Julv 1 1921
3,083,000 C. & M. R. Div. 1st 5s of July 1, 1926
24,600,000 Gen. Mtge. 4s of May 1, 1989
10,070,000 Gen. Mtge. SJs of May 1, 1989.
1,106,500 W. V. RR. 1st 7s of Jan. 1, 1909.
2,155,000 M. & N. RR. 1st 6s of June 1, 1910.
5,092,000 M. & N. RR. Con. 6s of June 1, 1913.
2,856,000 D. & Gt. S. Ry. 1st 5s of Jan. 1, 1916.
1,250,000 F. & S. Ry. 1st 6s of Jan. 1, 1924.
2,000 Inc. s. 1.. conv. past due.
2,000 I. & D. Div. past due.
NOTE.— Included in the preceding statement are $224,000 gen. mtge. 4 p. c. bonds, $3,570000 gen
mtge. 34 p. c. bonds and $1,089,000 Milwaukee and Northern RR. consol. mtge. bonds, a total of $4 883 000
which are held in the treasury of the company or due from the trustees. These treasury bonds represent
actual expenditures for extensions, improvements, additional property, and underlying bonds paid and
cancelled. The amount of funded debt per mile of road on June 30, 1901, was $19 244 29 on which the
interest charge per mile of road was $990.34. The total capitalization of the company per mile of road was
$34,477.06.
ST. PAUL (OR RIVER) DIVISION GOLD BONDS.— Secured on the line from La Crescent (Bridge Junction) to
St. Paul, 128.10 m., together with all franchises, etc., and all real and personal property appertaining to
that line. The bonds were retired at maturity.
HASTINGS AND DAKOTA DIVISION BONDS.— Secured on the line from Hastings to Glencoe, 74.2 miles
They are convertible into preferred stock of the company at any time at par within 10 days after dividends
become payable on that stock.
CHICAGO AND MILWAUKEE DIVISION BONDS.— Secured on the line from Chicago, 111., to Milwaukee,
Wis., 82.20 m., including franchises, etc., and all lands acquired or to be acquired for depots, etc., and
all buildings, fixtures, rolling stock, and supplies now owned or hereafter acquired therefor. The bonds
are not transferable, unless the transfer is accompanied by a certificate for 10 shares of scrip stock. They
are convertible into preferred stock at par at any time within 10 days after dividends become payable on
that stock.
CONSOLIDATED MORTGAGE BONDS.— First mortgage on 570.81 m. as follows: Milwaukee to La Crosse, via
Watertown and Portage, 196.37 m. ; Milwaukee to Portage, via Horicon, 100.24 m. ; Horicon to Berlin, 42.3 m. ;
Rush Lake Junction to Winneconne, 14.89 m.; Watertown to Madison, 36.48 m. ; La Crosse Bridge and ap-
proaches, 1.70 m. ; Milton to Monroe, 42 m.; Austin to Mason City, 39.29 m. ; Conover to Decorah, 10 m. ; and
Sabula to Marion, 87 miles. Also second mortgage on the following divisions, with a total mileage of 824.5 m. ;
Iowa and Minnesota, 220 m. ; Prairie du Chien, 194.54 m. ; Chicago and Milwaukee, 82.20 m. ; St. Paul (or
River), 128.10 m. ; Iowa and Dakota, 126 m. ; Hastings and Dakota, 74.20 miles. Also secured on all property
of the company, real and personal, and on the income of the road. The bonds are convertible into preferred
stock at par— the issue of 1874-1904, at any time within 15 days, that of 1875-1905, at any time within
10 days, after any dividend shall have been declared and become payable on said preferred stock.
IOWA AND DAKOTA EXTENSION DIVISION GOLD BONDS.— Secured on the lines from Algona to Chamberlain,
273.90 m., and from Marion Junction to Running Water, 62 m. together with all franchises, lands, equipment,
etc., appertaining thereto. The bonds are convertible into preferred stock of the company at par at any time
within 10 days after dividends become payable on that stock.
SOUTHWESTERN DIVISION BONDS.— Secured on the lines from Racine to Port Byron Junction, 190 m.,
and from Eagle to Elkhorn, 17 miles.
HASTINGS AND DAKOTA DIVISION EXTENSION BONDS.— Secured on the lines from Glencoe to Roscoe, 278 m.;
Roscoe to Eureka, 26.85 m.; Aberdeen to Edgerly, 64.15 m. ; and Milbank Junction to Sisseton, 33 m. — total,
402 m. ; together with all franchises, real and personal property, lands, equipment, etc., appertaining to those
lines.
CHICAGO AND PACIFIC DIVISION BONDS.— Secured by first mortgage on the line from Chicago to Kittredge,
116.60 m., and on the Sabula bridge and approaches, 3.54 m., and by second mortgage on the line from
Kittredge to Savanna, 21.50 miles.
SOUTHERN MINNESOTA DIVISION BONDS.— Secured on the lines from La Crescent to Sioux Falls, 346.50 m. ;
Wells to Mankato, 38.08 m. ; Minneapolis to Benton Junction, 28.86 m.— total, 413.44 miles.
MINERAL POINT DIVISION BONDS.— Secured on the lines from Warren to Mineral Point, 33 m. ; Calamine
to Plattville, 18 m. ; Monroe to Shullsburg, 34 m. ; Lone Rock to Richland Centre, 16 m. ; Viroqua to
Sparta, 32 m.— total, 133 miles.
TERMINAL MORTGAGE GOLD BONDS. — Secured on the depot grounds in the cities of Chicago and Mil-
waukee.
LA CROSSE AND DAVENPORT DIVISION BONDS. — Secured on the line from Davenport to Jackson Junction,
150.5 m., and from Eldredge Junction to Maquoketa, 32.19 miles.
DUBUQUE DIVISION BONDS.— Secured on the following lines: La Crescent to Clinton, 178 m. ; Caledonia
Junction to Preston, 57.77 m. ; Waukon Junction to Waukon, 22.95 m. ; Turkey River Junction to \\V-i
Union, 58.34 m. ; Bellevue to Cascade, 35.77 m. ; a total of 352.83 m. ; also on all property, both real and
personal, appertaining to the Dubuque Division. A sinking fund of 1 p. c. of the whole amount issued
is annually provided for the purchase of these bonds at not over 103; or if they cannot be bought at
that price, the fund may be applied at option to the purchase of other 6 p. c. 1st mtge. bonds of the
company at not under par.
WISCONSIN VALLEY DIVISION BONDS. — Secured by first mortgage on the line from Merrill to Minocqua,
54.50 m., and by second mortgage on the road from Tomah to Merrill, 107 miles. Provisions *f sinking
fund, same as for Dubuque Division bonds (see preceding paragraph).
CHICAGO AND PACIFIC WESTERN DIVISION GOLD BONDS.— Secured on the following lines: Cedar Rapids
to Kansas City, 293.84 m. ; Marion to Council Bluffs, 261.70 m. ; Sioux City to Manilla, 90.17 m. ; Egan
to Woonsocket, 82.76 m. ; Sioux City to Aberdeen, 262.60 m. ; Elk Point to Sioux Falls, 70 m. ; Eden to
Rock Valley, 9 m. ; and Farley to Cedar Rapids, 47 m. ; a total of 1,117.07 miles.
WISCONSIN AND MINNESOTA DIVISION GOLD BONDS. — Secured on the -following lines: Wabasha to Zum-
brcta, 60.21 m. ; Hastings to Stillwater, 24.78 m. ; Northfield to Red Wing, 31.98 m.; Wabasha to Chippowa
Falls, 65 m. ; Red Cedar Junction to Cedar Falls, 21 m.; Minneapolis to St. Paul and Short Line bridge,
10 m. ; a total of 212.97 m. ; also on Read's Landing bridge, and all property, both real and personal,
appertaining to the lines mentioned.
POOR'S MANUAL — CHICAGO, MILWAUKEE AND ST. PAUL RY. CO. 843
CHICAGO AND LAKE SUPERIOR DIVISION GOLD BONDS.— Secured on the lines from Janesville to Beloit,
13.86 m. ; Kockton to Rockford, 14.94 m. ; Madison to Portage, S9 m. ; also upon all property, real and
personal, appertaining to those lines.
CHICAGO AND MISSOURI RIVER DIVISION BONDS.— Secured on the lines from Tripp to Armour, 20.45
in.; Koscoe to Bowdle, 15.7 m. ; Roscoe to Orient, 41.29 m. — total, 77.44 rn. ; also upon property, both real
and personal, appertaining to these lines, and also upon the rolling stock. The first issue of these bonds,
made in 1886, was for $2,049,000, of which $1,540,000 covered the railroad and $509,000 rolling stock, pur-
chased and registered and lecorded under the mortgage. In 1888 an additional $1,034,000 covering the cost
of more rolling stock was issued. It is specified in the mortgage that bonds may be also issued for two
bridges across and beyond the Missouri River, and their approaches, but not to exceed $600,000 for each.
GENERAL MORTGAGE GOLD BONUS. — Secured on the entire property owned by the company previous to
its acquisition of the Milwaukee and Northern RR. (but subject to the prior liens of the twenty-five mort-
gages thereon), except the Milwaukee and Northern RR., and will be secured on any additional property
acquired by issue of bonds covered by this mortgage. The total amount authorized is $150,000,000, of which
a sufficient amount is reserved for the retirement of prior lien bonds, the remainder being set aside to
provide for extensions and branches, additional double track, real estate, etc. It is provided in the mort-
gage that all prior lien bonds acquired through purchase, exchange or otherwise shall be deposited with
the trustee under this mortgage as additional security for the bonds issued thereunder, and whenever all
of the outstanding bonds secured by any prior mortgage or deed of trust shall have been acquired, that class
of bonds shall be cancelled. It is also provided that no additional bonds shall be issued under any of the
prior mortgages or deeds of trust and that all prior bonds shall be paid and extinguished at maturity.
Of the bonds issued up to June 30, 1901, there were in the treasury or due from the trustees, $224,000 of
the 4 p. c. bonds and $3,570,000 of the 3J p. c. bonds. It is provided in the mortgage that the board of
directors shall determine the rate of interest to be borne by each issue of the bonds, but that such rate
shall not exceed 5 p. c. per annum. It has been decided that for the present the issue of 4 p. c. bonds,
known as Series A, shall stop at No. 24,000.
WISCONSIN VALLEY RR. BONDS. — Secured by first mortgage on the line from Toman to Merrill, 107.27
miles.
MILWAUKEE AND NORTHERN FIRST MORTGAGE BONDS. — Secured on the line from North Milwaukee to
Green Bay and the Appleton and Neenah Branches; in all, 127 miles.
MILWAUKEE AND NORTHERN CONSOLIDATED MORTGAGE BONDS. — Secured by first mortgage on the road north
from Green Bay and by second mortgage on the road south of that point. The total amount of bonds
authorized under this mortgage is $8,OOC,OCO, the unissued bonds being reserved to retire the 1st mtge.
bonds and for other purposes.
DAKOTA AND GREAT SOUTHERN RY. GOLD BONDS. — Secured by first mortgage on the lines from Madison to
Bristol, 103.02 m., and from Andover to Harlem, 55.91 m., as also on all property, both real and personal,
appertaining to those lines.
FARGO AND SOUTHERN RY. GOLD BONDS. — Secured on the line from Ortonville to Fargo, 116.97 m., as also
upon all property, real and personal, appertaining to that line.
9. Statement showing amount of bonds of the several classes, including bonds in the
treasury and due from trustees, at the close of each year for eight fiscal years, 1894 to
1901, inclusive :
1894
1895
1896
1897
1898
1899
1900
1901
1st Mtge. 7 p. c. (LaC. Div.)
1st Mtge. Consol. 7 p. c
let Mtge. 7 p. c. (I.&M.Div.)
1st Mtge. 7 p. c.(Min.C.RR.)
1st M. 7 p. c. (I. & Dak. Div.)
1st M. 7 p. c. (I. & Dak. Ex.)
1st M. 7 p. c. (St. P. Div.) ..
IstM. 8 p. c. (P. duC. Div.)
1st M. 7 p. c. (Has. & Dak.)
IstM. 7 p. c. (Ch. & Mil.).
1st M. 6, p. c. (So. Wn. Div.)
IstM. 5p. c. (LaC. &D.Dv.)
2d M. 7.3 p. c. (P. du C. Dv.)
ist M. 7p.c.(H. &D.DV.EX.)
IstM. 6 p. c. (Ch.&Pc.Div.)
IstM. 6 p. c. (S. Min. Div.).
1st M.5p.c. (Minr. Ft. Div.)
1st M. C p. c. (Dubuq. Div.)
1st M. 6 p. c. (Wis. Vy-Div!)
letM.5p.c.(Ch. & Pc.W.Dv.)
IstM. 5 p. c. (W. & Min.Dv.)
1st M. 5 p. c. (Ch.&L.S. Dv.)
Wls. Vy. RK. 7 p. c. Bonds. .
Terminal 5 p. c. Bonds
Real Estate 5 p. c. M. Bds .
l?t M. 6 p. c. P. & 8. R. Bds
Inc. S. Fund5p.c.C<m. Bds.
1st M .5 p. c. (H. &D.Dv. Ex.)
1st M. 5p.c.(Ch.& M. R. Dv.)
Dak. & Gt. So.Ry.Sp.c.Bds
Gen. Mtge. 4 p. c. Bonds. .
Gen. Mtge. 3f p. c. Bonds . .
IstM. Mil. & No. 6 p.c. Bds.
Consol. M. 6s. M. & No. RR.
Totals
$
8,000
11,486,000
2,842,000
105,000
540,000
3,505,000
3,804,500
3,674,000
89,000
2,393,000
4,000,000
2,500,000
1,197,000
5,680,000
3,000,000
7.432,000
2,840,000
6,565,000
2,316,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,200
1,250,000
1,600,000
990,000
3,083,000
2,856,000
20,488,800
' '2,155,666
5,092.000
8
8
$
S
$
$
$
11,485.000
2,675,000
11,485,000
2,097,000
11,483,000
162,000
10,510,000
33,000
8,862,000
33,000
5,464,000
3,587,000
540.660
3,505,000
3,804.500
3,674,000
89.000
2,393.000
4.000,000
2,500,000
1.181,000
5,680,000
3,000.000
7,432,000
2,840,000
6,565,000
2,291,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
444,000
3,505,000
3,796,500
3,674,000
89,000
3,393,000
4,000,000
2,500,000
1,124,000
5,680,000
3,000,000
7,432,000
2,840,000
6,479,000
2,270,000
25,340,000
4,755,000
1.360,000
1.106,500
4,748,000
421,000
3,505,000
3,736,500
2,838,000
89,000
2,391,000
4,000,000
2,500,000
766,000
5,680,000
3,000,000
7,432,000
2,840,000
6.309.01)0
2,249,000
25,340,000
4,755.000
1,360,000
1,106,500
4,748,000
285,000
3,339,000
3,040,000
26,000
89,000
2,145,000
4,000,000
2,500,000
5,000
5,680,000
3,000,000
7,432,000
2,840,000
6,225,000
2,227,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
64,000
2,970,000
1,931,000
2,000
2,287,000
1,578,500
2,000
1,560,000
920,000
80,000
1,714,000
4,000,000
2,500,000
3,000
5,680,000
3,000,000
7,432,000
2,840,000
6,142,000
2,205,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
78,000
1,290,000
4,000.000
2,500,000
29,000
398.000
4,000,000
2,500,000
5,680,000
3,000,000
7,432,000
2,840,000
6,058,000
2,184,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
5,680,000
3,000,000
7,432,000
2,840,000
6,007,000
2,179,000
25,340,000
4,755,000
1,360,000
1,106,500
4,748,000
1,250,000
1,520,000
990,000
3,083,000
2,856,000
21,411,000
' 2,155',666
5,092,000
1,250,000
1,444,000
990,000
3,083,000
2,856,000
22,173,000
' '2,155,666
5,092,000
1,250,666
1,368,000
990,000
3,083,000
2,856,000
24,857,000
' '2,li55,666
5,092,000
1,250,000
1,308,000
900,000
3,083,000
2,856,000
24,000,000
5,174,000
2,155,000
5,092,000
1,250,000
352,000
990,000
3,083,000
2,^56,000
24.000,000
9,683,000
2,155.000
5,092,000
1,250,000
40,000
990,000
3,083,000
2,856,000
24,000,000
9,978,000
2,155,000
5,092,000
1,250,000
2,000
990,000
3,083,000
2,856,000
24,000.000
10,070,000
2,155,000
5,092,000
138,801,000
139,321,000
139,161,000
137,762,000
136,588,500
136,226,500
131,147.000
126,941,500
344 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
10. Renewal Fund.— Created during the year ending June 30, 1896, to provide for the cost of track
elevation in Chicago and for other extraordinary expenses. Charged to operating expenses, for account of
this fund, to June 30, 1901, $6,335,000; interest $218,763.80— total, $6,553,763.80. Expended for elevation of
tracks in Chicago, for third and fourth main tracks and for reduction of grade and perfecting line,
$3,141,689.82. Unexpended balance, June 30, 1901, $3,412,073.98.
11. Capital Expenditures. — Amount expended from the earnings of the company, and carried
as due the treasury, year ending June 30, 1900, $2,295,254.91; expended during the year ending June 30,
1901 (construction of new lines, $2,186,329.21; construction of second main track, $256,337.08; real estate,
$105,214.96; purchase of Milwaukee and Superior Ry., $341,174.83; new locomotives and cars, $869,720.82;
purchase of Chicago and Pacific RR. Co. stock, $25), $3,758,801.90— total, $6,054,056.81. Less sundry
credits, $67,904.62. Total capital expenditures, June 30, 1901, $5,986,152.19.
12. LEDGEB VALUE OF STOCKS AND BONDS OWNED BY THE COMPANY, JUNK 30, 1901 :
RAILWAY BONDS.
$75,000 Minneapolis Eastern Ry. Co $60,000 00
3,794,000 C., M. & St. P. Ry. Co 3,794,000 00
1,089,000 Milw. & No. RR. Co 1,089,00000
Total $4,943,000 00
OTHER BONDS.
$9,000 City of Ottumwa $9,000 00
10,000 Village of Flandreau, S. D 100 00
8,500 Town of Ortonville, Minn 2,50000
5,000 Town of Graceville, Minn 2,500 00
1,000 Town of Tarah, Minn 250 00
5,000 Fox Riv. El. Ry. & Power Co... 5,000 00
RAILWAY STOCKS.
$100,000 Des Moines Union Ry. Co
4,372,500 Des Moines No. & W. RR. Co
30,000 Kansas City Belt Ry. Co
$1,000 00
4,372 50
30,000 00
7,000 Minnesota Transfer Ry. Co..
15,000 Minneapolis Eastern Ry. Co. .
40,000 Chicago Union Tran. Ry. Co.
6,157,850 Milwaukee & North. Rv. Co..
25,000 Lis. Neced'h & L. Su. Ry. Co.
138,900 Oshkosh & Miss. Riv. Ry. Co
2,354,700 Other Stocks
7,000 00
15,000 00
40,000 00
30,789 25
125 00
694 50
. 1,754,700 00
Total
.$1,883,681 25
OTHEK STOCKS.
$100,000 Braceville Coal Co
. $100,000 00
150,000 Excelsior Coal Co
100 00
43,750 St. Paul Union Depot Co
43,750 00
38,800 Merrill Boom Co
25,822 00
46,700 Council Bluffs Un. Elev. Co. . .
100,000 Milwaukee Land Co
100 00
42,000 00
10,000 Milw. Industrial Exposition...
600 Lake Madison Chautau. As'n..
300 Spirit Lake Chautauqua As'n.
450 Wausau Boom Co
100 00
100 00
100 00
100 00
Total $212,17200
Total $19,35000
Total All Stocks $2,095,85325
Total All Bonds 4,962,350 00
Grand Total $7,068,203 25
12 a. Receipts from Stocks and Bonds Owned.— The total amount received for the year
ending June 30, 1901, as dividends on stocks owned was $2,825, and the total amount received as interest
on bonds owned, $18,124.22.
13. Board of Directors, C., M. & St. P. Ry. Co., elected September 28, 1901.
ROSWELL MILLER, Chairman of the Board New York, N. T.
J. Ogden Armour Chicago, 111.
August Belmont.New York, N. Y.
Prank S. Bond.. "
Peter Geddes.... '
Chas. W. Harkness . New York, N. Y.
Frederick Lay ton. .Milwaukee, Wis.
Joseph Milbank . . .New York, N. Y.
Roswell Miller. . .
A. J. Earling Chicago, 111.
William Rockefeller. New York, N.Y.
Henry H. Rogers "
James H. Smith " "
, Samuel Spencer New York, N. Y.
A. J. EAKLING, President Chicago, 111.
A. C. Bird, 3d Vice- President " "
Treasurer—!?. G. Ranney Chicago, 111.
Secretary -P. M. Myers Milwaukee, Wis.
Asst. Secretary— J. M. McKinlay New York, N. T.
General Auditor— W. N. D. Winne Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
Financial Office No. 30 Broad Street, New York, N. T.
CHICAGO, PEORIA AND ST. LOUIS RY. CO. OF ILLINOIS.
Mileage Operated, Dec. 31, 1901. — A. OWNED ABSOLUTELY (total, 232.55 miles).
Main Line : Pekin to Granite City, 111 179.20 in.
Madison Section : Madison to Bridge Junction, 111 3.07 m. — 182. 27 miles.
Jacksonville Branch : Havana to Jacksonville, 111 41 . 88 "
Orafton Branch : Lock Haven to Qrafton, 111 8.40 "
B. PROPRIETARY LINES (total, 54.37).
Litchfield and Madison Ry. : Litchfield to Madison, 111 43 . 97 "
Alton Terminal Ry.: At Alton, 111 1 .00 "
Peoria and Pekin Union Ry. : Peoria to Pekin, 111 9.40 "
C. TRACKAGE RIGHTS (total, 12.89).
Illinois Central RR.: At Springfield, 111 )
Baltimore & Ohio Southwestern RR.: At Springfield, 111 j
St. L. Merch. Bridge Term. Ry.: Granite City to Merchants' Jc. Madison, 111. .
1.50
2 99 "
St. L. M. B. T. Ry : Madison, "ill., to St. Louis Union Station .' 7.40 "
Jacksonv. & St. Louis Ry. ; Junction to Litchfield, 111 1 . 00 "
Total length of lines operated, Dec. 31, 1901 299.81 miles.
POOR'S MANUAL — CHICAGO, PEORIA AND ST. LOUIS RY. CO. OF ILLINOIS. 345
Sidings, etc. (owned, 48.9m.; proprietary, 5.6 m.), 54.5 miles. Gauge, 4ft. 8^ in. Rail
(steel), 56, 60, 70, and 85 Ibs.
History. — Reorganization and consolidation, Jan. 2, 1900, of the Chicago, Peoria and
St. Louis RR. Co. of Illinois and the St. Louis, Chicago and St. Paul Ry. Co. of Illinois.
(See MANUAL for 1899, pages 292 and 293.) The company began to operate the consolidated
property on March 1, 1900. It owns the entire capital stock of the Litchfield and Madison Ry.
Co. and of the Alton Terminal Ry. Co. , and 25 p. c. of the capital stock of the Peoria and
Pekin Union Ry. Co. The tracks of the St. Louis Merchants' Bridge Terminal Ry., from
Madison, 111., to the Union Station in St. Louis, Mo., 7.4 miles, are used by this company for
passenger service only.
Rolling Stock, Dec. 31, 1901. — Locomotives, 42. Cars — passenger, 22 ; combination,
11 ; baggage, mail, and express, 2 ; freight (box, 1,228 ; flat, 18 ; coal, 1,664), 2,910; service,
77 — total, 3,022. Of this equipment, 378 box cars are leased, and 651 coal cars are owned by
the L. & M. Ry. Co.
Operations, year ending Dec. 81, 1901. — Train mileage — passenger, 444,451; freight,
611,260 ; other, 347,015— total, 1,402,726 miles. Passengers carried, 536,978 ; carried one
mile, 13,586,906 ; average mile rate, 1.803 cents. Tons freight moved,. 1,961,458 ; moved
one mile, 184,376,657 ; average ton-mile rate, 0.565 cent.
Expenses— Maint. of Way and Structures . . .$214,407 40
Maintenance of Equipment 208,859 57
Conducting Transportation 648,340 8%
General Expenses 52,189 74
Total ($4,569.89 per mile) $1,370,099 98 Total ($3,748.37 per mile) $1,123,797 53
Net earnings (17.98 p. c.), $246,302.45; other receipts, $18,207.02— total, $264,509.47.
Payments : Interest on funded debt (on prior lien bonds, $56,400; consol. mtge. bonds, $96,-
675), $153,075; taxes, $57,601.32 ; rental (L. & M. Ry.), $24,576.42— total, $235,252.74. Sur-
plus, $29,256.73; surplus to Dec. 31, 1900, $72,875.89— total, $102,132.62. Deductions
(betterments, 16 months ending June 30, 1901, $63,005.59 ; miscellaneous items, $1,704.18),
$64,709.77. Surplus Dec. 31, 1901, $37,422.85.
Earnings— Passenger $254,987 40
Freight 1,041,139 63
Mail and Express 37,794 01
Miscellaneous 36,178 94
General Balance Sheet, December 31, 1901.
Cost of Road $10,375,193 38
East St. Louis Terminals 33,854 57
Cost of Equipment 941,026 37
Stocks and Bonds of Other Companies.. , 850,000 00
C., P. & St. L. Securities in Treasury 210,900 00
Materials and Supplies 147,932 70
Current Assets 370,68075
Cash on Hand * 224,979 29
Unearned Insurance Premiums 2,55095
Other Balances 40,145 53
Profit and Loss 7,819 27
Total Assets $13,205,082 81
Common Stock ($100 shares) i ..... $3,600,000 00
Preferred Stock ($100 shares) 3,750,000 00
Funded Debt Outstanding 5,350,000 00
Equipment Replacement Fund 10,437 70
Current Liabilities 369,567 05
Interest Accrued, not Payable 20,25000
Taxes Accrued 52,940 85
Accounts in Suspense 6,645 09
Profit and Loss 45,242 12
Total Liabilities $13,205,082 81
Capital Stock. — The preferred stock has priority over the common stock for dividends at the rate
of 5 p. c. per annum, non-cumulative.
Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $5,350,000, as per general
balance sheet— consisted of $1,350,000 ($2,000,000 auth.) prior lien gold 4Js of March 1, 1930; $2,000,000
consol. gold 5s of July 1, 1930, and $2,000,000 income non-cumulative 5s of July 1, 1930. The $650,000
unissued prior lien bonds are reserved for improvements. Of the consols $65,000, and of the income bonds
$90,000 were held in the treasury of the company, leaving $1,935,000 consols and $1,910,000 income bonds
actually outstanding. The company reserves the right to redeem at its option the prior lien bonds at
107i, the consol. mtge. bonds at 105, and the income bonds at par. The prior lien bonds are secured by
first mortgage, the consols by second mortgage, and the income bonds by third mortgage on the company's
property.
Proposed Reorganization of Finances. — It is proposed to exchange the income bonds,
dollar for dollar, for new 1st preferred stock, the present stock to become 2d preferred, and to exchange
the income bonds of the Litchfield and Madison Ry. Co. for preferred stock of the same company. The
holders of a majority of the income bonds of both companies have agreed to this proposition, and with
the holders of a majority of the capital stock of both companies have deposited their securities with a
committee for the purpose of selling the same on or before Aug. 1, 1904. It is provided that the purchase
price shall not be less than 50 p. c. of the par value of the income bonds or new 1st preferred stock, 20 p. c.
of the par value of existing preferred stock or new 2d preferred stock, and 15 p. c. of the par value of
common stock of the Chicago, Peoria and St. Louis Company; and not less than 75 p. c. of the par value of
income bonds or new preferred stock, and 25 p. c. of the par value of the common stock of the Litchfield
and Madison Company.
346 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
RAILROAD CONTROLLED BY THE C. , P. & St. L. RY. Co. OP ILLINOIS.
Lltchfleld JiTiil Madison Ry.— Litchfleld to
Madison, 111., 43.07 m.; total track (steel; 60 Ibs.),
49.57 miles. The company has 651 coal cars, of
which 383 are covered by car trust. Chartered
March 1, 1900, to take title to a portion of the
Chicago, Peorla and St. Louis RR. of Illinois.
(See Manual for 1899, page 293.) The road Is oper-
ated by the C., P. & St. L. Ry. Co. of Illinois, and
that company owns all of the capital stock. Cap-
ital stock ($100 shares), $500,000. Funded debt,
$500,000 non-cumulative 5 p. c. Income mtge. bonds
Chas. E. Klmball, Pres., New York, N. Y. ; Ralph
Blalsdell, See. & Treas., Springfield, 111. Office
Springfield. 111.
Board of Directors, C.,P.& St. L. Ry. Co. of Illinois, December 9, 1901.
Cnrtiss Mlllard Springfield, 111. James Dnncan Alton, 111. I Charles E. Kimball, New York, N Y.,
Ralph Blaisdell a " Bluford Wilson.... Springfield, 111. I George D.Mumford, "
Eleneious Smith St. Louis, Mo.
CHARLES E. KIMBALL, President 27 Pine St., New York, N. T.
Sec., Treas. <& Awd.— Ralph Blaisdell... Springfield, 111. | Asst. Sec. & Asst. Tr.— T.C. Wellman..New York.N. Y.
PRINCIPAL OFFICE AND ADDRESS Springfield, 111.
CHICAGO TERMINAL TRANSFER RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Contingent Liabilities 11
Directors and Officers 13
Earnings, Expenses, etc 7
Funded Debt, Details of 10
Gen. Balance Sheet, June 30, 1901 8
History 2
Mileage Operated 1
Preferred Stock Preference 9
Property, Description of 8
Rolling Stock 6
Stocks and Bonds Owned 12
Tenants 5
1. Milease Operated, June 30, 1901. — A. LINES OWNED (total. 90.56 miles).
Main Line : Harrison Street to Madison Street, Chicago, 111 10.86 miles.
Chicago & Southwestern Div.: West 46th Street to South Oak Park 5.36
Chic., Har. & Batavia Div.: West 4()th St. to Conway Park and Cemetery 6.76
Chicago Central Division : Western Avenue to Blue Island 15.19
Harvey Line : Harvey Junction to Harvey 3.88
Chicago Heights Line : Harvey to Chicago Heights, 111 9.24
Belt Line : Clarke Junction, Ind., to McCook, 111 28.43
South Chicago Line : East Chicago to Whiting, Ind 3.89
Mayfair Extension : Franklin Park to Mayfair 6.95
B. TRACKAGE RIGHTS (total, 17.28 miles).
Chicago Junction Ry. : McCook t-> Franklin Park, 111 10.54
Chicago Junction Ry. : C.. L. S. & E. Ry. to L. S. & M. S. Ry 0.13
Baltimore and Ohio RR. : East Chicago Harbor to South Chicago, 111 6.61
Total length of lines operated, June 30, 1901 107.84 miles.
2d track (owned, 89.02 m.; leased, 15.27 m.), 54.29 m.; sidings, etc. (owned, 97.73 m. ; leased,
13.01 m.), 110.74 miles. Gauge, 4 ft. 8£ in. Rail (steel), 80 Ibs.
2. History. — Reorganization, June 4, 1897, of the Chicago and Northern Pacific RR. Co.
(see MANUAL for 1897, pages 83 and 1288). During the year ending June 30, 1901, there
were added to the mileage owned by the company, 5.06 miles of main track (Franklin Park
to Mayfair), and 5.79 miles of sidings, etc.
3. Property. — The property of the company is located in and adjacent to the city of
Chicago, and consists of passenger and freight terminals, lines of railway leading thereto,
and a belt line immediately outside of, and practically encircling, the city. There are more
than 760 acres of land, of which over 50 acres are in the centre of the business section of the
city, with about l£ miles of dock frontage on the Chicago River. All the real estate, and
nearly all of the property upon which the lines of railway have been built, are owned in fee.
4. Character of Business. — The business of the company is twofold. As a terminal
company, it leases its freight and passenger facilities and its lands, tracks, and buildings for
separate and joint occupancy, or for independent improvement if desired, the tenant paying
(1) a fixed annual rental; (2) all taxes and maintenance of property used by it exclusively;
(3) its wheelage proportion of all expenses for the maintenance of property used jointly ; (4)
its proportion of taxes on all property used jointly, and (5) its wheelage proportion of interest
on the cost of all construction or alteration in the present facilities necessitated by legislative
or municipal action. As a transfer company it employs its own motive power in conducting
a regular transportation business and in transferring and switching freight cars between
railway systems and manufacturing and business districts.
5. Tenants. — The principal railroad tenants now leasing terminal facilities and trackage
are the Baltimore and Ohio RR. Co., the Chicago Great Western Ry. Co., the Chicago June-
POOR'S MANUAL — CHICAGO TERMINAL TRANSFER RR. CO. 347
tion Ry. Co., the St. Louis, Peoria and Northern Ry. (see statement for Chicago and Alton
RR. Co.), and the Suburban RR. Co. (Chicago Consolidated Traction Co.)
The commuted rental under the lease of the St. Louis, Peoria and Northern Ry. (now
represented by $333,000 of this company's 4 p. c. bonds held by the Guaranty Trust Co., as
trustee), is to be paid to the Terminal Co., in equal monthly installments, in advance, from
Jan. 1, 1900. Edward H. Harriman, Jacob H. Schiff, James Stillman, and George J. Gould
jointly and severally agree that on or before Jan. 1, 1904, " they will cause the Chicago !>nd
Alton RR. Co. or some other corporation satisfactory to the Terminal Co. as to responsibility,
to become the successor to the St. Louis Co. as lessee under said lease of Oct. 1, 1898." The
further rental under the lease, which is for 99 years, is payable from Jan. 1, 1904, to Dec. 31,
1909, at the rate of $105,600 per annum, and from Jan. 1, 1910, to Dec. 31, 1999, at the rate
of $150,000 per annum. In addition to these fixed rentals the lessee also agrees to pay its
proportion of all taxes and cost of maintenance and operation.
6. Rolling Stock, June 30, 1901. — Locomotives, 47. Cars — passenger, 45 ; freight (box,
20 ; gondola, 369), 389 ; caboose, 5 ; other, 2— total cars, 441.
7. Operations, year ending June 30, 1901. — Earnings — passenger, $70,347.82; freight and
switching, $701,451.92 ; rentals, $559,610.88 ; other, $99,578.99— total, $1,430,989.61. Oper-
ating expenses, $738,778; taxes, $88,889.75— total, $827,667.75. Net earnings, $603,321.86.
Payments: Interest on 1st mtge. bonds, $5o9,700 ; on C. & G. W. bonds, $19,700 ; on Chicago
School Board mtge., $32,500— total, $591,900. Surplus to profit and loss, $11,421.86.
§. General Balance Sheet, June 30, 1901.
Property and Franchises $44,873,413 65
Cash in Banks 401,195 05
Accounts Receivable (Current) 193,92859
Agents and Conductors 64,431 12
Treasury Securities 15,151 00
Materials on Hand 100,132 71
Guaranty Trust Co., Rental Fund 218,233 75
Accounts Receivable (Disputed) 121,852 15
Total Assets .$45,988,338 02
Common Stock ($100 shares) $13,000,000 00
Preferred Stock ($100 shares) 17,000,000 00
Funded Debt Outstanding 14,629,00000
Current Liabilities 606,503 98
Contingent Liabilities 222,530 57
Prepaid Rentals, St. L., P. & N. RR 218,233 75
Profit and Loss 312,009 72
Total Liabilities $45,988,338 02
9. Preferred Stock Preference. — Preferred atcck haa priority over common stock in liquidation
as well as for non-cumulative dividends at the rate of 4 p. c. per annum, and after 4 p. c. per annum haa
been paid on the common stock in any one year, is entitled to share pro rata in any additional distribution of
earnings for that year.
10. Funded Debt — The funded debt outstanding, June 30, 1901, consisted of $13,585,000 1st gold 4s
of July 1, 1947; $394,000 C. & G. W. 1st 5s of May 1,1936; and $650,000 Chicago School Board purchase money
5s of May 1, 1938. The 1st 4s of 1947 are secured on the entire property of the company, now owned or
hereafter acquired by the use of bonds issued under the same mortgage, but subject to the prior lien of the
1st 5s of 1936 on the property formerly owned by the Chicago and Great Western RR. Co. (see Manual for
1890, page 594) and subject to the prior lien of the purchase money mortgage to the Chicago School
Board on the land on which the Grand Central Passenger Station is erected. The amount of bonds
authorized to be issued is $16,500,000, bonds amounting to $1,305,000 being reserved for the retirement
of the prior liens and $1,610,000 for future requirements. Additional particulars respecting the funded
debt will be found in the Ready Reference Bond List — see General Index.
It is irovided that no additional mortgage shall be executed upon the property, except with the consent
of the holders of two-thirds of the whole amount of preferred stock, given in writing or at a meeting of th"
stockholders called for that purpose, and with the consent, given in writing, of two-thirds of the common stock
or given at a meeting by two-thirds of such part of the common stock as shall be represented at such meeting.
11. Contingent Liabilities.— This item consists of the following: Reserve to' provide against con-
tingent liabilities, and for possible depreciation in collectible accounts assumed on purchase of the estate,
$63,591.34; renewal fund, reserved to provide for renewal of bridge across Drainage Canal, $26,116.40;
contingent reserve fund, a contingent fund appropriated out of profits, to provide against any possible
depreciation in collectible or disputed accounts, $132,822.83 — total, $222,530.57.
12. Stocks and Bonds Owned.— These consist of the company's 1st mtge. bonds, $16,000;
and common stock, $10,800— a total, par value, of $26,800; book valuation, $15,151. The value at market
quotations on June 30, 1901, was $18,032.
13. Directors (elected Oct. 9, 1901).— Chas. T. Parker, Henry R. Ickleheimer. Henry W.
De Forest, Otto T. Barnard, Charles W. Gould, Myles Tierney, F. G. Reighley, New York,
N. Y. ; Jesse B. Barton, John N. Faithorn, Henry S. Hawley, Kemper K. Knapp, Edward R.
Knowlton, Henry A. Rust, Joseph Cooper, E. S. Layman, Chicago, 111.
HENRY W. DE FOREST, Chairman of Board New York, N. Y.
JOHN N. FAITHORN, President and General Manager Chicago, 111.
Act. Treat. <t Act. Attt. Sec.— IS.. H. Hall . .Chicago, 111. | See. & Attt. Treat.— W. T. Wisn«r. . . .New York, 5. T.
Comptroller— Samuel" L. Prest Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
Eastern Office 30 Broad Street, New York, N. Y.
348 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
CINCINNATI, HAMILTON AND DAYTON RAILWAY COMPANY.
(For map of this system, see page 349.)
INDEX TO STATEMENTS AND DATA CONTAINED HERKINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 6
Controlled Lines, Statement of... 11
Directors and Officers 12
Earnings, Expenses, etc 4
Funded Debt, Details of 7
Gen. Balance Sheet, June 30, 1901 5
Guaranties 8
History 2
Income Account, June 30, 1901 ... 4
Income Account, 1894-1901 9
Leased Lines, Statement of 10
Mileage Operated 1
Operations and Income, 1894-1901 9
Rolling Stock 3
Treasury Securities, Sale of 2a
1. Mileage Operated, June 30, 1901.— A. LINES OWNED IN FEE (total, 333.7 m.).
Main Line : Cincinnati, O., to Dayton, 0 59.93 miles.
Wellston Division : Dayton, O., to Dean's, 0 175.50 "
DelpJios Division : Dayton, O., to Delphos, O 98. 27 "
B. LEASED LINES (total, 145.6 miles).
Dayton and Michigan R R.: Dayton to Toledo, 0 142.10 "
Home Avenue RR.: Dayton to Soldiers' Home, 0 8.50 "
C. PROPRIETARY LINES (total, 159.8 miles).
Cincinnati, Hamilton and Indianapolis RE.: Hamilton, O. , to Indianapolis, Ind. 98.90 "
Columbus, Findlay and Northern RR.: Deshler to Fiudlay, 0 17.60 "
Bowling Green RR. : Tontogany to North Baltimore, O 21 .00 "
Piqua and Troy Branch RR. : Piq ua to Troy, 0 8. 30 "
Cincinnati and Dayton Ry.: Middletown to Hamilton, 0 14.00 "
D. TRACKAGE RIGHTS : Iron RR. : Dean's to Ironton, 0 12. 50 "
Total length of lines operated, June 30, 1901 651 . 60 miles.
2d track (owned, 29.04 m.; leased, 2.55 m.), 31.59 m. ; sidings (owned, 104.49 m. ; leased,
74.12m.; proprietary, 41.49 m.), 220.10 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 and 70 Ibs.
2. History. — Consolidation, July 8, 1895, of the Cincinnati, Hamilton and Dayton, Cin-
cinnati, Dayton and Ironton, and Cincinnati, Dayton and Chicago RR. Cos. (see MANUAL for
1896, page 487).
2a. Sale of Treasury Securities. — The Terre Haute and Indianapolis RR. stock, which
had been in the treasury of the company for a long time, and was carried on the books at its
par value, has been sold and the premium received was credited direct to surplus income,
and not included in the accompanying statement of earnings. Under authority of the stock-
holders, the directors have sold the $1,200,000 of Cincinnati, Dayton and Chicago RR. bonds,
which had been in the C., H. & D. Ry. Co.'s treasury since its creation by the consolidation
of 1895, the rate of interest thereon having first been reduced to 4 p. c. The avails of these
bonds were chiefly applied in payment for new equipment and completion of payment for
Indiana, Decatur and Western Ry. securities, the balance remaining in the treasury as avail-
able cash.
3. Rolling Stock, June 30, 1901 (entire system). — Locomotives, 174. Cars — passenger,
'J7 ; combination, 16 ; parlor, 8 ; dining, 1 ; officers', 1 ; baggage, mail, and express, 30 ; freight
(box, 3,672 ; flat,- 729 ; stock, 170 ; coal, 3,961), 8,532 ; service, 114— total cars, 8,799. Since
the close of the fiscal year the company has received or contracted for new equipment as fol-
lows : 5 freight locomotives, 2 switching locomotives, and 503 cars (1 parlor, 2 postal, and 500
box), all costing over $400,000.
4. General Income Account (entire system), year ending June 30, 1901.
Earnings— Passenger $1,552,602 87
Freight 3,909,842 92
Mail 144,10117
Express 126,336 67
Miscellaneous 105,032 34
Expenses— Maintenance of Way, etc $567,201 13
Maintenance of Equipment 615,805 26
Transportation 2,509,324 02
General 152,615 78
Taxes 186,967 71
Total ($8,959.35 per mile) $5,837,915 97 Total ($6,187.71 per mile) $4,031,913 90
Net earnings (30.94 p. c.), $1,806,002.07. Payments: Interest on bonds (C., H. & D.
Ry., $603,346.67; D. & M. RR., $136,400; C., H. & I. RR., $126,000), $865,746.67; divi-
dends on preferred stock (C., H. & D. Ry., $889,211.25 ; D. & M. RR., $86,900), $486,111.25 ;
dividends on common stock (D. & M. RR., $84,066.50; Home Avenue RR., $2,923.96), $86,990.46
—total, $1,438,848.38. Surplus, $367,153.69.
349
350 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $21,194,334 39
Leased and Proprietary Lanes 3,715,873 39
Stocks and Bonds Owned 4,531,973 76
Materials and Supplies 321,08945
Current Traffic Accounts 620,720 53
Cash and Cash Assets 1,446,470 06
Total Assets $31,830,461 58
Capital Stock ($100 shares) $16,000,000 00
Funded Debt (see below) 12,295,000 00
Accounts and Bills Payable 400,30000
Vouchers and Pay Rolls 615,00730
Accrued Int. and Guaranteed Dividends. . 343,403 12
Dividends Not Called for 6,137 53
Surplus Income 2,170,613 63
Total Liabilities $31,830,461 58
6. Capital Stock.— Capital stock consists of $8,000,000 common stock and $8,000,000 preferred stock.
Of the preferred stock $6,925,500 ($8,000,000 auth.) is in 5 p. c. non-cumulative shares of the C., H. & D. Ry.
Co., and $1,074,500 is in 4 p. c. cumulative guaranteed shares of the old C., H. & D. RR. Co.
7. Funded Debt — The funded debt outstanding on June 30, 1901, consisted of the following issues
(additional particulars are in the Ready Reference Bond List — see General Index):
$376,000 C.,H.&D.Con.5s of Oct. 1, 1905, int. A. & O.
1,292,000 C.,H.&D.Con.6s of Oct. 1, 1905, int. A. & O.
927,000 C.,H.&D.Con.7s of Oct. 1, 1905, int. A. & O.
2,000,000 C., H. ft D. 2d 4Js of Jan. 1, 1937, int. J.&J.
$3,000,000 C.,H. &D.Gen. 5s of June 1, 1942, int. J.& D.
3,500,000 C., D. & I. 1st 5s of Mav 1, 1941, int. M.&N.
1,2PO,000 C., D. & C. 1st 4s of April 1, 1942, int.A.&O.
8. Guaranties. — The company guarantees, both as to principal and interest, $1,800,000 1st 7s of the
Cincinnati, Hamilton and Indianapolis, RR. Co., due Jan 1, 1903, and $2,728,000 consol. 5s of the Dayton
and Michigan RR. Co., due Jan. 1, 1911; also $1,211,250 8 p. c. preferred stock and $2,401,900 3J p. c.
common stock of the Dayton and Michigan RR. Co.
9. Statement of operations, etc., all lines, for eight fiscal years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated
651.60
1,912,164
1,800,622
651.60
1,907,516
2,042,219
651.60
2,098,742
2,021,258
651.60
2,118,086
1,702,749
651.60
2.033,908
1,843,984
651.60
1,950,839
1,925.676
651.60
1,963,685
2,106,341
651.60
2,023,560
1,974,144
Passenger Train Miles
Freight Train Miles
Total Revenue Train Miles.
Passengers Carried
3,712,786
3,792,335
85,049,884
4.288,669
392,099,289
1,535,684
2,773,804
224,489
560,835
3,949,735
3,477,343
76,291,249
4,732,790
477,732,380
$
1,419,684
3,252,617
226,579
140,256
4,120,000
3,546,445
82,076,851
4,231,060
504,346,957
$
1,500,508
3,247,900
228,34.0
170,811
3,820,835
2,881,475
69,322,435
4,136,385
434,358,141
$
1,253,304
2,783,742
249,291
341,015
3,877,892
2,696,193
70,930,107
4,647,054
511,991,444
1,269,035
3,164,715
254.294
220,519
3,876,515
2,832,416
79,639,827
5,140,505
562,280,442
$
1,405,287
3,473,061
257,037
106,118
4,070,026
2,964,898
83,0:26,528
5,888.242
641,595,066
$
1,483,281
3,905,266
270,210
76,773
3,997,704
3.U52,4o9
84,979,272
5,721,155
622,250,342
1,552,603
3,909,843
270,438
105,032
Passengers Carried 1 Mile...
Tons Freight Moved
Tons Moved One Mile
Earnings — Passenger
Freight
Mail and Express
Miscellaneous . . .
Total Earnings
5,094,812
3,208,840
5,039,136
3,250,690
5.147,562
3,378,851
4,627,352
3,048,524
4,908,563
3,249,065
5,241,503
3,477,297
5,735,530
3,821,232
5.837,916
3,844,946
Operating Expenses
Net Earnings
1,885,966
161,562
849,153
445,623
429,628
7,818 92
4,924 56
2,894 36
62.98 p. c
1.81 c.
0.71 C.
1,788,440
160,455
847,200
449,900
330,885
7,73348
4,988 79
2,744 69
64.51 p. c.
1.86C.
0.68 c.
1,768.711
160,994
846,907
562,515
198,295
7,89988
5,185 47
2,714 41
65.C4 p. c.
1.83 C.
0.64 c.
1,578,828
180,158
846,970
564,040
A?/.12,340
7,101 52
4,678 52
2,42300
65.88 p. c.
1.81 c.
0.64 C.
1,659,408
172,283
846,970
567,318
72,927
7.53309
4,986 29
2,546 80
66.19 p. c.
1.76C.
0.62 C.
1,764,206
182,109
840,970
564,767
170,360
8,04405
5,336 55
2,707 50
66.34 p. c.
1.74 c.
0.62 c.
1,914,298
185,450
846,970
571,325
310,553
8,80223
5,86438
2,937 85
66.62 p. c.
1.76C.
0.61 C.
1,992,970
186. 9C8
865,747
573,101
367,154
8,959 35
5,90078
3,058 57
65.86 p. c.
l.SOc.
0.63 C.
Payments — Taxes
Interest on Bonds
Dividends on Stocks
Balance, Surplus
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass, per M. .
Aver. Kate per Ton per M.. .
1C. RAILROADS LEASED BY THE C., H. & D. RY. Co.
Dayton and Michigan RR.— Dayton, O., to
Toledo June., O., 142.10 m. ; total track (steel). 210 -
.58 miles. The company uses. In addition, the track
of the L. S. & M. S. Ry. Into Toledo, 1.39 miles.
Chartered March 5, 1851; road opened in 1862.
Leased in perpetuity. May 1, 1863, to C., H. & D.
Ry. Co.; lease amended June 23, 1870. Annual
rental, Interest ($136.400) on bonds, 8 p. c. ($96.900)
on preferred stock, and 3J p. c. ($84,067) on common
stock. Balance Sheet, June 30 1901. — Capital
stock ($50 shares), common, $2,401,900; preferred,
$1,211,250; funded debt ($2,728,000 consol. 5s of
Jan. 1, 1911, and $300 Income bonds), $2,728,300;
C., H. & D. Ry Co., lessee, $1,355,209— total, $7,696,-
659. Contra: Construction and equipment, $7,182,-
538; stocks and other investments, $491,343; profit
and loss, $22,778— total, $7.696,659. The $2,728,000
consols are guaranteed by the C., H. & D. Ry. Co.
T. J. Emery, Pres. ; F. H. Short, Sec. & Treas., Cin-
cinnati, O.
Home Avenue RR.— Dayton, O., to Soldiers'
Home, 3.50 miles. Leased In perpetuity, July 1,
1897, to the C., II. & D. Ry. Co. The lessee guaran-
tees dividends of from 3 p. c. to 5 p. c. on capital
stock, the rate being based upon earnings. For year
ending June 30, 1901, dividend amounted to $2,924.
Capital stock, $100,000. W. P. Callahan, Pres.; O.
J. Bard, Sec. & Treas., Dayton, O.
11. RAILROADS CONTROLLED BY THE C., H. & D RY. Co.
Bowling: Green RR.— Tontogany, O., to North
Baltimore, O., 21 m.; total track (steel), 22.54 miles.
Chartered April 12, 1874; opened In 1877; Toledo,
Flndlay and Springfield RR. purchased, Dec. 1, 1890.
Capital stock (owned by the C., H. & D. Ry. Co.),
$40,000. R. D. Marshall, Pres.; F. H. Short, Sec. &
Treas.. Cincinnati, O.
Cincinnati and Dayton R>-.— Hamilton, O.,
to Mlddletown, O., 14 m.; total track (steel),
16.98 miles. Reorganization, Jan. 1, 1889, of the
POOR'S MANUAL — CINCINNATI, HAMILTON AND DAYTON SYSTEM. 351
Louisville, Cincinnati and Dayton RR. Capital stock,
$1 000,000; 1st rutge. bonds, $300,000— both owned
by the C., H. & D. Ky. Co. R. P. Rifenberick, Preg.;
F. H. Short, Sec. & Treas., Cincinnati, O.
Cincinnati, Hamilton and Indianapo-
lis RH.— Hamilton, O., to Indianapolis, Ind., 98.90
ra.; total track (steel), 121 miles. Reorganization,
Nov. 2(i. 1872. of the Junction RR. Co. Balance
Sheet, June 30, 1901. — Capital stock — common, $2,-
1M7.75S; preferred, $282.242; funded debt ($2,500,-
000 1st 7s of Jan. 1, 1903, and $2.000,000 gen 5s of
Jan. 1, 1943), $4.500.000; C. H. & D. Ry. Co., $579,-
632 — total, $7.579,632. Contra: Cost of road and
equipment, $7,545,611; real estate, $34,021— total,
$7.579,632. The C., H. & D. Ry. Co. owns nearly
:ill of tlu> capital stock, all of the gen. mtge. bonds,
and $700,000 of the 1st mtge. bonds. These last
tuv lirld by trustees for the C., H. & D. Ry. Co.,
and are not to be issued. The C., H. & D. Ry. Co.
guarantees the remaining $1,800,000 of 1st mtge.
bonds, both as to principal and Interest. C. O.
Waldo, Pres.; F. H. Short, Treas.; G. R. Balch,
Sec., Cincinnati, 0. Office, Indianapolis, Ind.
Columbus, Fiiidlay and Northern RR.—
Deshler, O., to Findlay, O., 17.60 m.; total track
(steel), 22.74 miles. Reorganization, In 1887, of the
McComb, Deshler and Toledo RR. Co. Capital stock
(owned by C., H. & D. Ry. Co.), $300,000. R. D.
Marshall, Pres.; F. H. Short, Sec. & Treas., Cin-
cinnati, O.
Plqna and Troy Branch RR.— Troy, O., to
Piqua, O., 8.30 m. ; total track (steel), 13.27 miles.
Chartered Sept. 30, 1881; road completed Oct. 7,
1887. Capital stock (owned by C., H. & D. Ry. Co.).
$250,000; 1st mtge. 4 p. c. bonds, $250,000 — total,
$500.000. R. D. Marshall, Pres.; F. H. Short,
Treas.; G. R. Balch, Sec., Cincinnati, O.
Term expire* Oct., 1902.
Alfred Kessler.. . .New York, N. Y.
Win. A. Shoemaker.. .Cincinnati, O.
Lawrence Maxwell.Jr. " "
Geo. R. Balch " "
12. Board of Directors, Cincinnati, Hamilton and Dayton By. Co.
Term expires Oct., 1903. Term expires Oct., 1904.
Rush Taggart New York, N. Y. Geo. P. Benjamin. .New York, N. Y.
M. D. Woodford Cincinnati, O. R. C. Schenck Daytcn, <).
H. P. Shoemaker... New York, N. Y. Herman Dowd New York, N. Y.
F. H. Short Cincinnati, O. Chas. A. Mayer Lock Haven, Pa.
! Eugeiie Zimmerman . ..Cincinnati, O.
M. D. WOODFORD, President Cincinnati, O.
Eugene Zimmerman, Vice- President
Sec. and Treas.— F. H. Short Cincinnati, O. | Auditor— Geo. "W. Lishawa Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Carew Building, Cincinnati, O.
CINCINNATI, HAMILTON AND DAYTON SYSTEM.— INDIANA, DECATUR
AND WESTERN RAILWAY COMPANY.
Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 229.77 miles).
Main Line : Indianapolis, Ind., to Decatur, 111 152.02 miles.
Ohio River Division : Sidell, 111., to West Liberty, 111 77.75 "
B. TRACKAGE RIGHTS (total, 8.74 miles).
Indianapolis Union Ky. : In Indianapolis, Ind 0.49 "
P., D. & E. Ry. : West Liberty, 111., to Olney, 111 8.25 "
Total length of lines operated, June 30, 1901 238.51 miles.
Sidings, etc., 36.46 miles. Gauge, 4 ft. 8^ in. Rail (steel), 56 to 70 Ibs.
History. — Consolidation, July 15, 1895, of the Indiana, Decatur and Western Ry. Co.
and the Decatur and Eastern Ry. Co. (see MANUAL for 1895, page 882). The Chicago
Division of the Peoria, Decatur and Evansville Ry., from Sidell to West Liberty, 111., was
purchased on Dec. 16, 189*<, and formally merged into this road on Feb. 1, 1899. This
company is controlled in the same interest as the Cincinnati, Hamilton and Dayton Ry. Co.
It was decided, in 1901, to expend the main line of the company from Decatur to Spring-
field, 111., about 40 miles, by the purchase of the Springfield and Decatur Ry., then under
construction between these points, and to issue additional stock of the company in part pay-
ment therefor. The line was completed before the end of the year 1901.
Rolling Stock, June 30, 1901. — Locomotives, 21. Cars — passenger, 8 ; combination, 6 ;
baggage, mail, and express, 5; freight (box, 1,466; flat, 52; stock, 61 ; coal, 153), 1,732;
caboose, 11 ; service and miscellaneous cars, 6 — total cars, 1,768. Of the box cars, 1.000 are
held under car trust, of which $241,000 was paid and $244,000 unpaid on June 30, 1901.
Operations, year ending June 30, 1901. — Train mileage — passenger, 364,882 ; freight,
277,913 ; other, 173,330— total, 816,125 miles. Passengers carried, 297,527 ; carried one mile,
9,537,143 ; average mile rate, 1.98 cents. Tons freight moved, 442,743 ; moved one mile,
36,956,843 ; average ton-mile rate, 1.29 cents.
Earnings— Passenger $191,735 41
Freight 477,749 63
Mail and Express 35,723 2fi
Miscellaneous 1,73062
Expenses— Maint. of Way and Structures.... $117, 149 28
Maintenance of Equipment 88,312 52
Conducting Transportation 259,722 81
General Expenses 14,886 59
Total ($3,005.90 per mile) $706,937 92 Total ($2,016.99 per mile) $480,071 20
Net earnings (31.95 p. c.), $226,866.72. Payments : Interest on funded debt, $137,850 ;
taxes, $38,700; other charges, $700.23— total, $177,250.23. Surplus, $49,616.49; surplus
forward, $52,870.09— total, $102,486.58.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), common, $912,000 ;
preferred. $912,000 ; funded debt, $2,757,000; accounts payable, $87,077.81 ; pay rolls, $21,-
121.15; due to companies, $321,552.63; profit and loss, $102,486.58— total, $5,118,237.67;
Contra: Cost of road and equipment, $4,954,510.06; materials, etc., 103,163.23; cash and
current assets, $55,564.38— total, $5,113,237.67.
352 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Capital Stock.— Capital stock consists of $012,000 common stock and $912,000 preferred stock.
Preferred stock is entitled to non-cumulative dividends at the rate ol 5 p. c. per annum before common stock
ean participate.
Funded Debt.— The funded debt consist* of an issue of 1st gold 5s of Jan. 1, 1935, secured on the line
from Indianapolis to Decatur, 152.02 miles. The bonds are redeemable by lot, at 110, at any time on eight
weeks' notice. The C., H. & D. Ry. Co. guarantees, by endorsement, principal and interest of $933,000
of them. Additional bonds may be issued at the rate of not exceeding $12,000 per mile for additional rail-
road.
Directors.— Term expires 0ct,1902: W. M. Baldwin, Chicago, 111.: W. C. Outten,
Peter Loeb, Decatur, 111. Term expires Oct., 1903 : M. D. Woodford, Cincinnati, O. ; T. W.
Roberts, Tuscola, 111.; H. B. Balch, Chicago, 111. Term expires Oct., 1904: Henry F. Shoe-
maker, Gordon Macdonald, Wm. A. Read, New York, N. Y.
M. D. WOODFORD, President Cincinnati, O.
H. F. Shoemaker, Vice- President New York, N. Y.
Treasurer— F. H. Short Cincinnati, O. | Secretary— Geo. R. Balch Cincinnati. O.
Auditor— Geo. W. Lishawa Cincinnati, O.
PRINCIPAL AND STOCK TRANSFER OFFICE Indianapolis, Ind.
COLUMBUS, SANDUSKY AND HOCKING RAILROAD COMPANY.
Mileage Operated, June 30, 1901. — A. LINES OWNED (total, 218.51 miles).
Sandusky Division : Fair Grounds to Sandusky, O 111.00 miles.
Shawnee Division : Columbus to Shawuee, 0 86.64 '
Sandusky Division Branches 2.81
Shawnee Division Branches 18.06 '
B. LEASED LINES (total, 6.04 miles).
Columbus Terminal and Transfer BR. (see subjoined statement) 1.28 '
Zanesville Terminal Ry 4.76
C. TRACKAGE RIGHTS (for details, see below) 44.79
Total length of lines operated, June 30, 1901 269.34 miles.
Sidings, etc. (leased, 9.83 m.), 58.44 miles. Gauge, 4 ft. 8i in. Rail (steel), 40, 56, 60, 65,
and 70 Ibs.
Trackage Rights.— B. & O. RR., B. & O. to West Zanesville, O., 0.35 m.; C., C., C. &
St. L. Ry., Columbus, O., to 5th Ave., 1.30 m.; Sandusky to Bay Junction, 1.20 m.; C. & M.
Vy. Ry., Spangler to Zanesville, O., 2m.; K. & M. Ry., Mine 21 to Glouster, 0., 15.02 m.;
N. & W. Ry., St. Claire Ave. to Columbus, O., 1.32 m.; T. & O. C. Ry., Alum Creek to
Thurston, O., 23.60 m.— total, 44.79 miles.
History. — Chartered Aug. 22, 1895, as successor to the Columbus, Sandusky and
Hocking Ry. Co. (See MANUAL for 1896, page 120; MANUAL for 1897, page 95, and MANUAL
for 1899, pages 319 and 1412.) In a suit brought by the trustees under the prior lien and gen-
eral mortgages, in the Circuit Court of the United States for the Southern District of Ohio,
Eastern Division, a decree of foreclosure was entered on March 10, 1900, naming the receiver,
Joseph Robinson, as special master to conduct the sale, and fixing the upset price at $2,750,-
000. The Circuit Court of Appeals in opinion handed down April 2 and May 7, 1901,
affirmed the decree with slight modifications under the decree as so modified. The pro-
ceeds of the sale are ordered to be applied, first to the payment of the cost of foreclosure and
sale, then to the payment of equipment obligations, amounting to about $65,000, and then
to the payment of the receiver's certificates of Messrs. Felton and Robinson, amounting to
$1,056,000, and finally to the satisfaction of indebtedness of the company in the following
order : $2,000,000 prior lien mortgage bonds, together with unpaid interest thereon to the
date of sale, including the $800,000 prior lien bonds deposited in the Crawford County Court
of Common Pleas to secure $500,000 of Monsarrat certificates ; $7,456,000 of pen. mtge.
bonds, together with unpaid interest thereon. Up to the time this part of the MANUAL was
sent to press, no date had been set for the sale. The Zanesville Terminal Ry., which had
been operated under lease by this company, was sold under foreclosure on March 22, 1902,
and was afterwards surrendered to the purchasers.
Rolling Stock, June 30, 1901. — Locomotives, 45. Cars — passenger, 31 ; baggage,
mail, and express, 4 ; freight (box, 575 ; flat, 99 ; stock, 1; coal, 3,194), 3,869 ; service cars,
88— total cars, 3,992.
Operations, year ending June 30, 1901.— Train mileage — passenger, 365,441 ; freight,
Railroad Map of Indiana.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARU, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, .with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY. IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual — Railroad Map of the United States, 1902.
INDIANA.
Railroad Map of Indiana.
THE MONEY QUESTION
A HANDBOOK FOR THE TIMES
By HENRY V. POOR,
Author of " Money and its Laws," " Resumption and the Silver Question,'1
«• Twenty-two Years of Protection," "Poor's Manual of the
Railroads of the United States," etc., etc.
>. viii-337, Svo. CiotA.
ico J/.5O
What is Money?
Function of Governments in the Matter of
Metallic Money.
Metallic Money of the United States.
Symbolic Money — Banks of Issue.
Savings Banks.
Money by Law.
Bank of the United States.
Overthrow of the Bank and the Inflation of
the Currency.
Change of Standards. Acts of 1834 and 1837.
Debasement of the Silver Currency. Act of
1853.
Consequences resulting from the Abandon-
ment by the Government of Oversight of
the Currency*
TABLE OF CONTENTS.
United States Notes.
United States Safety-Fund Banking System.
Gold Certificates.
Demonetization ot the Silver Dollar. Ad
of 1873.
Remonetization of Silver.
Act of 1890.
Position of the Late Administration,
The Sound Money Wing of the Democracy.
The Free Coinage Democracy.
Position of Present Administration.
Bi-metallism.
The Remedy.
NOTES AND ILLUSTRATIONS.
The Silver Recoinage in England.
Paper Money in France — The Mississippi Scheme.
Adam Smith.
PRICE £/, 5Q
Sent postpaid to any address, on receipt of price.
Published and for sale by
H. V. & H. W. POOR,
Publishers of " Poor's Manual of Railroads,"
44 Broad Street, New York Cityr
Or, may be ordered through any bookseller.
POOR'S MANUAL OF RAILROADS.
353
504,900 ; other, 252,224 — total, 1,122,565 miles. Passengers carried, 988,137; tarried ono
mile, 9,747,791 ; average mile rate, 1.48 cents. Tons freight moved, 1,498,166 ; moved ono
mile, 166,987,704; average ton-mile rate, 0.51 cent.
BARKINGS. 1899-00 1900-01
Passenger $127,42353 $143,84111
Freight.. 870,12915 858,89124
Mail and Express 23,269 06 24,263 50
Miscellaneous 43,20652 37,15451
Totals $1,064,02826 $1,064,15036
Totals per Mile 3,946 40 3,950 96
EXPENSBS. 1899-00 1900-01
Maint. Way and Buildings.... $169,99850 $183,67652
Maintenance of Equipment . . . 194,050 55 197,667 55
Conducting Transportation . . . 448,169 82 461,542 73
General 31,66357 28,81404
Totals $843,882 44 $871,700 84
Totals per Mile 3,12990 3,23643
Net earnings (18.07 p. c.), $192,449.52. Payments : Interest on floating debt, $61,780.98;
leased line rentals (see Sec. 5), $58,318.92; taxes, $27,600— total, $147,699.90. Surplus,
$44,749.62; surplus forward, $59,634.51— total, $104,384.13.
Rentals of Leased Linos. — Cincinnati and Muskingum Valley Ry. Co., $5,754.48 ;
Cleveland, Cincinnati, Chicago and St. Louis Ry. Co., $12,641.50; Columbus Terminal and
Transfer RR. Co., $10,800; Kanawha and Michigan Ry. Co., $3,999.99; Norfolk and Western
Ry. Co., $4,999.92; Toledo and Ohio Central Ry. Co., $12,500; Union Depot, $1,599.78;
Zanesville Terminal Ry. Co., $6,623.25— total, $58,318.92.
Receiver's Balance Sheet, June 30, 1901.
Columbus, Sandusky & Hocking RR. Co.. $566,215 86
New Equipment 331,973 13
Miscellaneous Assets 173,685 26
Materials and Supplies 64,700 48
Other Assets 22,712 30
Current Accounts and Bills Receivable.. 123,892 95
Cash on Hand 68,459 20
Total Assets $1,351,639 18
Receiver's Certificates $1,056,000 00
Current
Interest
Liabilities 140,055 04
Accrued 6,494 14
Reserve Accounts 28,118 05
Taxes Accrued 16,587 82
Profit and Loss 104,38413
Total Liabilities $1,351,639 18
Company's General Balance Sheet. — A condensed general balance sheet of the com-
pany, dated June 30, 1897, being the latest published, is in the MANUAL for 1900, on page 276.
The following statement of funded debt outstanding on June 30, 1901, was furnished by the
receiver: $707,873.69 of prior lien 5s; $7,466,770.69 of gen. mtge. 4s; $1,343,899.28 of
income 4s ; $200,000 of real estate 6s, and $89,000 6 p. c. coupon notes— total, $9,807,543.66.
Additional particulars will be found in the MANUAL for 1900, on page 276. Trustee of prior
lien mortgage, Mercantile Trust Co., New York, N. Y. ; trustee of general mortgage, Metro-
politan Trust Co., New York, N. Y.
RAILROAD LEASED BY THE C., S. & H. RR. Co. OR BY THE RECEIVER.
Columbus Terminal and Transfer RR.
— Owns about 15 acres of ground in Columbus, O., on
which are a warehouse and other buildings and which
Is well covered with tracks. The company was auxil-
iary to the C., S. & H. RR. Co., that company to
have the use of the property by paying the Interest
on the bonds. After the failure of the C., S. &
Board of Directors, Columbus, Sandusky and Hocking RE. Co., elected Sept. 28, 1896.
F. J. Picard Columbus, O.
W. E. Guerin
Theo. Leonard
C. D. Firestone "
J. P. McCune Columbus, O.
JOSEPH ROBINSON, Receiver Columbus, O.
W. E. GUERIN, President "
nee-President— Charles Parrott Columbus, O. I Treasurer— G. C. Hoover Columbui, O.
2d Vice-Pres.—C. J. G. Hall New York, N.Y. | Secretary— H.. T>. Turney "
Auditor for Receiver— J. E. Merion . . — Columbus, O.
PRINCIPAL OFFICE AND ADDRESS Columbus, O.
D. S. Gray Columbus, O.
Henry Stearns " "
Geo. W. Sinks "
D. H. Turney
H. RR. Co., the property was leased to the receiver,
but he has been able to pay as rental only $10,800
per annum. This sum, however, with other resources
in the hands of the company, has enabled It to pay
the Interest on the bonds. Funded debt, $350,000
(.$!». 000 In the treasury) 1st 5s of 1943. Robert E.
Sheldon, Pres., Columbus, O.
Ed. H. Znrhorst Sandnsky, O.
H. W. Putnam New York, N.Y.
C. J. G. Hall "
Chas. H. Dean.... "
DAYTON AND UNION RAILROAD COMPANY.
Line of Road Owned. — Union City, Ind., to Dodson, 0 31.69 m.
TRACKAGE : Dayton and Western RR.: Dodson, O., to Dayton, 0 15.26 m. — 46.95 miles.
Sidings, etc., 4.43 miles. Gauge, 4 ft. 84 in. Rail (steel, 31.69 m.), 56 and 60 Ibs.
History. — Reorganization, Jan. 19, 1863, of the Greenville and Miami RR. Co., whose
23
354 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
road was sold under foreclosure Oct. 80, 1862. (See MANUAL for 1888, page 433.) Right of
way over the Dayton and Western RR. is leased from the Pittsburgh, Cincinnati, Chicago
and St. Louis RR. Co., at an annual rental of $10,000. This road is owned jointly by the
Cleveland, Cincinnati, Chicago and St. Louis Ry. Co. (which operates it) and the Cincinnati,
Hamilton and Dayton Ry. Co.
Rolling Stock, June 30, 1901. — Locomotives, 5. Cars — passenger, 4 ; baggage, mail,
and express, 3; freight (box), 34 ; other, 2 — total cars, 43.
Operations, year ending Juno 30, 1901. — Train mileage — passenger, 118,518; freight,
80,076 — total, 148,594 miles. Passengers carried, 214,214; carried ono mile, 4,134,895.
Tons freight moved, 135,304 ; moved ono mile, 3,242,333. Earnings — passenger, $90,197.47 ;
freight, $69,855.83 ; mail and express, $6,548.77 ; miscellaneous, $888.50— total, $167,490.57.
Expenses — transportation, $63,434.78 ; maintenance of equipment, $22,847.36 ; of way and
buildings, $24,01269; general, $10,446.96— total, $120,741.79. Net earnings, $46,748.78;
interest and dividends, $12,677.98— total, $59,426.76. Payments : Interest on bonds, $15,680;
other interest, $39.20; taxes, $4,592.65— total, $20,311.85. Surplus, $39,114.91 ; surplus
forward, $554,351.02— total, $593,465.93.
General Balance Sheet, June 30, 1901.— Capital stock ($1,000,000 autli. ; $100 shares)
paid in, $86,300; funded debt (1st 7a of Dec. 1, 1909, int. J. & D.), $225,000 ; current liabili-
ties, $27,473.51; accrued interest, $1,310; profit and loss, $593,465.93— total. $933,549.44.
Contra: Cost of road and equipment, $623,075.62 ; materials and supplies, $1,568 ; cash and
current assets, $83,905.82 ; bills receivable, $225,000— total, $933,549.44.
Directors.— M. D. Woodford, H. F. Shoemaker, J. D. Layng, C. F. Cox, New York,
N. Y.; C. G. Waldo, F. D. Comstock, E. F. Osborn, Eugene Zimmerman, Cincinnati, 0.;
Noah H. Swayne, Toledo, O.
H. F. SHOEMAKER, President New York, N. Y.
E. F. Osborn, Vice-P resident and Secretary Cincinnati, O.
Treasurer— 'F. n. Short Cincinnati, O. | Auditor— P. A. Hewitt Cincinnati, O.
PRINCIPAL OFFICE AND ADDRESS Cincinnati, 0.
DETROIT AND MACKINAC RAILWAY COMPANY.
Main Line of Road. — Bay City, Mich., to Tower. Mich 178.50 miles.
Rose City Branch : Emery Junction to Rose City, Mich 31.80 "
Prescott Branch : Emery Junction to Prescott, Mich 11.80 "
Valentine Lake Branch : La Rocque to Valentine Lake, Mich 25.70 "
Various Spurs and Logging Branches 70.53 "
Total length of lines operated, June 30, 1901 .318.33 miles.
Sidings, etc., 56.47 miles. Gauge, 4 ft. 8£ in. Rail (steel), 50 to 70 Ibs.
History. — Reorganization, Dec. 31, 1894, of the Detroit, Bay City and Alpena RR. Co.
(See MANUAL for 1895, page 873.)
Rolling Stock, June 30, 1901.— Locomotives, 26. Cars — passenger, 12; combination, 6;
parlor, 1 ; baggage, etc., 2; freight (box, 140; flat, 482; refrigerator, 3; coal, 300; other,
200), 1,125 ; service, 22— total, 1,167.
Since the close of the fiscal year, additions have been made to the equipment, as
follows: Cars — passenger, 4; combination, 1; baggage, etc., 2; freight (box, 50 ; stock,
25 ; flat, 75), 150— total, 157.
Operations, year ending June 30, 1901. — Train mileage — passenger, 237,659 ; freight,
229,199; mixed, 72,945; other, 244,396— total, 784,199 miles. Passengers carried, 245,615 ;
carried one mile, 8,880.682 ; average mile rate, 2.14 cents. Tons freight moved, 917,132 ;
moved one mile, 56,347,674 ; average ton-mile rate, 1.14 cents.
EARNINGS. 1899-1900 1900 01
Passenger $196,45108 $193,17004
Freight 609,46267 644,46507
Mail and Express 26,950 59 27,701 61
Miscellaneous 75507 40980
Totals $833,619 41 $866,747 12
Totals per Mile 2,62947 2,69703
EXPENSES. 1899-1900 1900-01
Maintenance Way and Buildings.$238,180 S3 $243,150 91
Maintenance of Equipment 69,51175 73,67564
Conducting Transportation 227,432 25 252,837 44
General 19,72697 20,71450
Totals... ...$554,85180 $590,38449
Totals per Mile 1,75015 1,83930
POOR'S MANUAL OF RAILROADS. 355
Net earnings, 1900-1901 (31.81 p. c.), $275,362.63. Payments : Interest on funded debt,
$122,000; taxes, $24,775.10 ; sundry items, $14,143.55— total, $160,918.65. Surplui, $114,-
443.98; surplus forward, $325,302.89— total, $439,746.87.
General Balance Sheet, June 30, 1901.
st of Road and Equipment $5,566,92654 Common Stock ($100 shares).....,,...... $2,000,000 00
Mate 17,312 57 Preferred Stock ($100 shares) 165,000 00
ils and Supplies on Hand 49,578 29 Funded Debt Outstanding 3,050,00000
action (llan-isvillo Shore Line)... 12,70645 Taxes Accrued, not Due 13,05318
•\ccounts 33,78725 Interest Accrued, not Due 10,16667
-posited for Coupons (Contra) 46,32000 New Rail Account 25,00000
u Hand and in Bank 122,14987 Committee Coupon Account 15,00000
Coupons Unpresented (Contra) 46,320 00
Current Liabilities 84,494 25
Profit and Loss 439,746 87
Total Assets $5,848,780 97
Total Liabilities $5,848,780 97
Capital Stock.— The authorized capital stock is $3,000,000, consisting of $2,000,000 common stock
and not exceeding $1,000,000 preferred stock. The preferred stock is to be issued only in exchange for
mortgage bonds or to fund coupons of those bonds; its issue to be limited to the amount needed for such pur-
The common stock is held in trust, to be delivered to the owners or to be sold, as may be deemed
• lient hereafter. (See appended remarks relative to mortgage bonds).
Funded Debt.— Funded debt on June 30, 1901, consisted of $1,050,000 1st lien gold 4s of June 1,
nd $2,000,000 gold mtge. 4s of June 1, 1995. The first lien bonds have an absolute prior lien, both as
ufipal and interest, on the entire property of the company whether now owned or hereafter acquired.
The amount authorized is $1,500,000, the rest of the bonds being issuable. from time to time up to
May 1, 1905, but only to provide the means for building an extension to Mackinac and to provide additional
equipment. The mortgage bonds are subordinate to the 1st lien bonds, although issued under the same
mortgage. Also, they are subject to redemption at par. Of the $2,500,000 authorized, $500,000 are reserved
for additions and improvements, not over $50,000 to be used in any one year. Of the $2,000,000 outstanding,
$750,000 (together with the $2,000,000 of common stock) are held by a committee consisting of Charles
Steele, Edmund D. Randolph and Anthony J. Thomas, certificates for beneficial interest in them being
delivered to the owners. The committee at any time may waive interest on the $750,000 bonds, and take
I'd stock at par for such waived interest; or it may take preferred stock for principal of the bonds
should such a course seem more prudent. Or it may sell the stock and bonds if it shall think such a course
expedient.
Directors (elected May 21, 1902).— H. K. McHarg, Edward H. Bonner, Amedee D.
Moran, Walton B. Ferguson, New York, N. Y. ; J. D. Hawks, Detroit, Mich.
J. D. HAWKS, President and General Manager Detroit, Mich.
George M. Crocker, Vice- President and Auditor " "
Secretary— A.. H. Gillard "New York, N. Y. | Treasurer— 3. H. Emanuel, Jr New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Majestic Building, Detroit, Mich.
DETROIT SOUTHERN RAILROAD COMPANY.
Mileage Operated, Dec. 31, 1901.— .4. LINES OWNED (total, 431.32 miles).
Northern Division : Delray, Mich. , to Dundee, Mich 39.60 miles.
Southern Division : Tecumseh, Mich., to Cornelia, 0 290.87 "
Sedalia Branch : Kiugman, O., to Sedalia, 0 31.00 "
Coal Tracks : Jackson and Wellston Ohio Districts 69.85 "
B. — TRACKAGE EIGHTS (total, 19.34 miles).
Detroit Terminal RR. : Detroit, Mich. , to Delray, Mich 3.64 "
Det. , Toledo & Mil. RR. • Dundee, Mich. , to Tecumseh, Mich 15.70 "
Total length of lines operated, Dec. 31, 1901 450.66 miles.
Sidings, etc., 63.24 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56 and 90 Ibs.
History. — Chartered May 25, 1901, as successor to the Ohio Southern RR., and tbe
Detroit and Lima Northern RR. Cos. An outline of the plan of reorganization is in tbe
MANUAL for 1901, on page 666.
Rolling Stock, Dec. 31, 1901. — Locomotives, 60. Cars — passenger, 21 ; baggage, etc.,
15 ; freight (box, 1,472 ; stock, 20 ; flat, 39 ; coal, 3,197), 4,728 ; service, 67— total cars, 4,831.
Operations, six months ending Dec. 31, 1901. — Earnings — passenger, $96,054.59 ;
freight, $493,455.74; mail and express, $18,982.14 ; miscellaneous, $32,433.01 — total, $640,-
925.48. Operating expenses — maintenance of way,' $94,533.25 ; maintenance of equipment,
$93,913.60; conducting transportation, $268,955.68; general expenses, $16,578.43— total,
$473,980^.96. Net earnings, $166,944.52. Paid interest, $135,000; taxes, $24,000— total,
$159,000. Surplus, $7,944.52 ; reorganization funds paid in, $50,000; O. S. and D. & L. N.
surplus, $71,438.38— total, $129,38'2.90.
356 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
General Balance Sheet, Dec. 31, 1901.
CMrt of Road and Equipment $23,159,406 03
O. S. Div. Bonds in Treasury 69,000 00
Materials and Supplies 72,920 01
Cash on Hand 56,213 03
Current Accounts 162,699 84
Total Assets $23,520,240 91
Common Stock ($100 share*) $10,013,000 00
Preferred Stock ($100 shares) 6,000,000 00
Funded Debt Outstanding (see below) . . . 6,819,000 00
Car Trust Notes 308,310 13
Current Liabilities 173,334 95
Interest and Taxes Accrued 77.
Profit and Loss l-J'.i.
Total Liabilities $23,52".
Capital Stock. — The authorized capital stock consists of 170,000 shares of $100 each, divided
into 65,000 shares of preferred stock and 105,000 shares of common stock. Both classes have < .-qual
rights. The preferred stock has priority over the common stock for its full par value in the event <>f the
liquidation of the company, and for non-cumulative dividends at the rate of 4 p. c. per annum out of the
yearly net profits of the company. It is also entitled to a pro rata share of any dividends that i:
declared in excess of 4 p. c. per annum on both classes of the capital stock. With the exception of
of common stock held by the directors of the company, and with the exception of $500,000 of preferred -{nek
and $487,000 of common stock held in the treasury of the company, both classes of the capital stock are
deposited in a voting trust, to be held therein until June 1, 190G, unless sooner discharged by voluntary
action of the voting trustees (P. J. Lisman, John E. Borne, Evans R. Dick, Cyrus J. Lawrence and Leopold
Wallack).
Funded Debt.— The funded debt outstanding on Dec. 31, 1901, consisted of $4,069,000 Ohio
Southern Division 1st gold 4s of March 1, 1941, and $2,7uO,COO consol. gold 4s of June 1, 1951. T'n
Southern Division bonds are secured by first mortgage on the line from Lima to Cornelia, O. .
on the branch from Kingman to Sedalia, 31 miles, on 51.11 miles of coal spurs, and on the equijmi.
appurtenances belonging to that mileage. They are redeemable at 105 p. c. and interest, on or before
1, 1906, on eight weeks' notice. The authorized issue amounts to $4,500,000, bonds amounting to $100,000
being reserved for betterments and improvements, and bonds amounting to $331,000 being reserved for the
retirement of car trust notes. The consol. mtge. bonds are secured by second mortgage on the j>r
covered by the Ohio Southern Division bonds and by first mortgage on the rest of the company's in-
including future acquisitions. The authorized issue amounts to $10,000,000, bonds amounting to $4."
being reserved to take up the Ohio Southern Division bonds, and bonds amounting to $2,750,000 being n
for additional mileage, equipment and improvements. Further particulars respecting the funded debt will
be found in the Ready Reference Bond List — see General Index.
Directors (elected Oct. 28, 1901).— John E. Borne, Cyrus J. Lawrence, Evans R. Pi<-k,
Leopold Wallack, Simon Borg, Geo. Crocker, F. J. Lisman, New York, N. Y.; Samuel
Hunt, Don M. Dickinson, Wm. C. McMillan, Henry B. Joy, Detroit, Mich.; Myron T. Herrick,
Cleveland, 0. ; A. B. Voorheis, Cincinnati, O.
SAMUEL HUNT, President Detroit, Mich.
F. J. Lisman, Vice-President New York, N. Y.
Treasurer— T. D. Rhodes Detroit, Mich. | Secretary— B. S. Warren Detroit, Mich.
Auditor — W. D. Gray Detroit, Mich.
PEINCIPAL OFFICE AND ADDRESS Detroit, Mich.
EVANSVILLE AND TERRE HAUTE RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEEEINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Controlled Road, Statement of . . . 10
Directors and Officers 11
Earnings, Expenses, etc 4
FundedDebt, Details of 7
Gen. Balance Sheet, June 30, 1901 6
Gen. Balance Sheet, 1804-1901. . . 5
Guaranteed Bonds 8
History 2
Income Account, June 30, 1901 ... 4
Income, etc., 1894-1901 5
Mileage and Equipment. 1894-1:
Mileage Owned and Operated 1
Operations and Income, 18!i4-l.
Rolling Stock 3
Stocks Owned
1. Main Line of Road.— Evansville, Tnd., to Terre Haute, Ind 108.56 miles.
Mt. Vernon Branch : Fort Branch to Mt. Vernon, Ind 36.79
Sullivan County Coal Branch : Standard to Hymera, Ind 11. To "
Hockville Extension (leased to T. H. & L. and the C. & E. I. RR. Cos.) 23.00
OPEKATED : Evansville Belt Ry., around Evansville, Ind 4.45 "
Total length of lines, June 30, 1901 184.55 miles.
Sidings, etc., 58.17 miles. Gauge, 4 ft. 8| in. Rail (steel), 60, 70, and 80 Ibs.
2. History. — Successor by change of name, April 1, 1877, to the Evansville and Craw-
fordsville RR. Co. (see MANUAL for 1888, page 439.) The Rockville Extension is not oper-
ated by this company, being leased, till Nov. 1, 2078, to the Terre Haute and Logansport and
the Chicago and Eastern Illinois RR. Cos., at a yearly rental of $12,000.
In addition to the railroad lines as above, this company is owner of terminal property
connecting with the Ohio River. It also owns a controlling interest in, and operate?, the
Evansville Belt Ry., connecting all railroads and reaching all manufacturing interests and
coal mines at Evansville, Ind.
The Evansville and Indianapolis RR. is operated in connection with this railroad, but its
accounts are kept separate. (See GENERAL INDEX.) Any deficit resulting from the operation
of that road is taken care of before dividends are declared on the stock of this company.
POOR'S MANUAL - EVANSVILLE AND TERRE HAUTE RR. CO. 357
The company has a traffic contract with the Chicago and Eastern Illinois RR. Co.
3. Rolling Stock, June 30, 1901. — Locomotives, 50. Cars — passenger, 24 ; combination,
3 ; baggage, mail, and express, 11 ; freight (box, 992 ; stock, 71 ; flat, 468 ; coal, 2,132 ; White
Line, 26), 3,689 ; service, 80— total cars, 3,807.
4. General Income Account (average, 161.55 TO.), year ending June 30, 1901.
Earnings— Passenger $321,951 55
Freight 880,645 83
Mail and Express 71,095 40
Miscellaneous 120,849 56
Total (J8,628.55 per mile) $1,393,942 34
Expenses— Maint. of Way and Structures.. ..$164,244 20
Maintenance of Equipment 210,549 95
Conducting Transportation 307,07704
General 50,431 78
Total ($4,904.39 per mile) $792,302 97
Net earnings (43.16 p. c.), $601,639.37; rental from C. & E. I. RR. Co., $3,000; from
T. H. & L. RR. Co., $9,000 ; interest on current assets, $33,917.38— total net income, $647,-
556.75. Payments : Interest on bonds, $337,950 ; rentals, $11,265.25 ; taxes, $65,987.49—
total first charges. $415,202.74. Net income, $232,354.01 ; net deficit, E. & I. RR., $86,604-
.95 ; balance net profit, $145,749.06. Deduct: Dividend on common stock declared and paid
from current earnings (1| p. c. Nov. 1, 1900), $59,793.75. Surplus, $85,955.31; surplus
forward, $1,513,394.89— total, $1,599,350.20. Deduct : Dividends on preferred stock (Oct.
16, 1900 and April 16, 1901. 2£ p. c. each), $64.166.66; on common stock (H P. c. May 1,
1901), $59,791.50— total, f 123,958.16. Surplus, June 30, 1901, $1,475,392.04.
5. Statement of operations, capital account, etc., for eight fiscal years ending June 30:
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Road Operated
Passenger Train Miles
Freight Train Miles
163.73
291,386
276,894
167.73
298,832
285,369
167.73
303,813
323,022
166.88
301,734
270,417
39,963
167.70
332,478
352,465
20,147
167.70
360,412
363,265
161.55
361,263
388,862
161.55
363,718
396,472
Total Kev. Train Miles.
Passengers Carried
568,280
373,999
17,628,270
949,688
55,822,840
$
1,159,937
644,521
• 584,201
289.774
11,721,859
947,533
58,548,159
$
1,038,273
587,188
626,835
313,417
12,841,346
1,039,242
64,224,412
9
1,122,797
642,442
612,114
241,301
11,455,961
942,330
59,869,714
$
1,003,430
555,808
705,090
293,887
11,568,848
1,404,477
89,012,441
$
1,218,132
734,689
723,677
333,052
12,339,259
1,502,192
86,664,728
$
1,259,434
697,079
750,125
342,379
12,816,337
1,718,539
100,445,054
$
1,392,760
771,129
760,190
347,494
13,146,909
1,708,588
101,196,986
$
1,393,942
792,303
601,639
45,917
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
515,416
13,158
451,085
13,170
480,356
15,104
447,622
17,191
483,443
32,308
562,355
49,264
621,631
37,248
Other Receipts
Net Income
528,574
399,147
(2J) 75,000
54,427
7; 009 53
3,894 85
3,114 68
54. 94 p. c.
2.04 c.
l.llc.
185.43
236.63
181.25
55
39
4,543
$
3,996,683
5,895,000
691,494
1,681,461
464,255
385,122
79,133
6,221 67
3,518 62
2,703 05
55.85 p. c.
2.21 C.
1.03 C.
185.43
238.13
181.25
55
40
4,410
8
5,280,683
5,978,000
460,603
1,760,594
495,459
384,694
iib^766
6,648 49
3,804 02
2,84447
56. 46 p. c.
2.10 c.
1.03c.
185.43
244.77
181.25
55
39
4,262
$
5,280,683
5,978,000
369,404
1,711,312
464,813
385,574
(*) 25,680
53,559
6,012 88
3,a30 58
2,682 30
55. 39 p. c.
2.05 c.
0.96 c.
185.43
238.21
189.58
55
37
4,169
5,145,267
5,978,000
343,312
1,526,044
515,751
403,098
112,653
7,263 76
4.380 97
2,882 79
60.31 p. c.
2.34 c.
0.83 C.
186.25
238.98
190.35
52
38
4,094
$
5,279,100
6,078,000
273,316
1,653,516
611,619
407,221
(t) 51,333
153,065
7,510 05
4,156 71
3,353 34
55.35 p. C.
2.40 C.
0.88 c.
186.25
239.36
206.17
52
38
4,061
8
5,279,100
6,078,000
274,144
1,630,260
658,879
408,478
(t) 203,607
46,734
8,621 23
4,773 32
3,847 98
55.37 p. c.
2.44 c.
0.87 c.
180.10
238.72
224.32
50
38
3,889
8
5,269,800
6,078,(XK
261,642
1,513,395
647,556
415,203
(§) 183,752
48,601
8,628 65
4,904 39
3,724 16
06. 84 p. c.
2.45 C.
0.87 C.
180.10
238.27
238.27
50
38
3,769
8
5,269,800
6,078,000
223,307
1,475,392
Interest, Taxes, etc
Dividends
Balance, Credit
Gross Earnings per Mile. . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Pass. p. Mile . .
Av. Rate p. Ton p. Mile....
Miles of Road Owned
Miles of Track Owned
Miles of Steel Rail
Locomotives
Passenger Train Cars
Freight Train Cars
Capital Stock ....
Funded Debt
Current Liabilities
Surplus Income
Total Liabilities
12,264,638
8,836,235
2,362,357
46,177
1,020,869
13,479,880
8,857,795
8,644,357
83,200
944,526
13,339,399
8,802,607
3,617,007
32,942
886,843
12,992,623
8,827,076
2,a32,907
10,742
1,821,898
13,283,932
9,951,654
2,466,740
43,701
821,887
13,261,504
10.044,160
2,456,740
78,63:2
686,972
13,122,837
10,049,302
2,390,132
74,130
609,278
13,046,499
10,105,751
2,347,366
56,34r.
588,037
Construction and Outfit
Other investments
Fuel and Material*
Oath and Other Assets
Total Assets
12,264,638
13,479,880
13,339,399
12,992,623
13,283,932
13,261,504
13,122,837
13,046,499
* 2 p. c. on preferred stock. t 4 p. c. on preferred stock. t 5 p. c. on preferred stock and 3J p. c. on
common stock. § 5 p. c. on preferred stock and 3 p. c. on common stock.
353 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
6. General Balance Sheet, June 30, 1901.
Cost of Road $7,905,835 14
Cost of Equipment 2,199,915 45
Stocks Owned (see below) 2,347,365 93
12,396 72
368,593 32
124,302 68
65,344 60
32,745 20
Advances
Cash
Current Assets
Materials and Supplies.
Accounts in Suspense..
Total Assets $13,046,499 04
Common Stock $3,987,333
Preferred Stock $1,283,333 33
Less Undelivered 91667— 1,282,41886
Funded Debt 6,078,000 00
Current Liabilities 184,269 61
Accrued Interest, not Due 39,037 60
Profit and Loss 1,475,392 04
Total Liabilities $13,046,499 04
7. Funded Debt.— The funded debt outstanding on June 30, 1901, consisted of $30,000 consol. gold
6s of July 1, 1910; $3,000,000 1st consol. gold 6s of July 1, 1921; $375,000 Mt. V. Br. gold 6s of April 1, 1923;
$450,000 Sullivan County Branch gold 5s of April 1, 1930, and $2,223,000 1st gen. gold 5s of April 1, 1942.
The consol. 6s of July 1, 1910, are secured by first mortgage on the main line and on 6 miles of the Mount
Vernon Branch. The 1st consol. 6s of July 1, 1921, are secured on the main line, on Rockville Extension and
on 12 miles of the Mount Vernon Branch (Fort Branch to Cynthiana), subject to the lien of the consol. mtge.
of June 1, 1880. The Mount Vernon Branch bonds are secured on the extension from Cynthiana to Mount
Vernon, 25 miles. They are limited in issue to $15,000 per mile, but it is provided that in case of the build-
ing or acquisition by the E. & T. H. RR. Co. of any extension of the Mount Vernon Branch or of any branch
to the main track of the E. & T. H. RR., additional bonds may be issued under the same mortgage at the
rate of not exceeding $15,000 per mile. The Sullivan County Branch bonds are secured on the branch named.
Only green bonds of this issue are a good delivery. The 1st gen. mtge. bonds are secured on the entire
property, subject to prior liens. The authorized amount is $7,000,000, bonds amounting to $3,855,000 being
reserved for the retirement of prior liens at maturity, and the balance for other corporate purposes.
8. Guaranteed Bonds.— The company guarantees $251,000 1st 7s and $1,602,000 consol. 6s of the
Evansville and Indianapolis RR. Co., both as to principal and interest.
9. Stocks Owned — Evansville Belt Ry. Co., $103,909; E. & I. RR. Co., 82,000,000; West Jackson
Hill Coal Mining and Trans. Co., $134,956.93; other stocks, $108,500— total, $2,247,365.93.
1O. RAILROAD CONTROLLED AND OPERATED BY THE E. & T. H. RR. Co.
Evansville Belt Ry.— Around Evansville, Ind.,
4.45 m. ; total track (steel; 60 Ibs.), 8.70 miles.
Chartered May 6. issi; opi-rated by the E. & T. H.
RR. Co. Income Account, year ending June 30, 1901.
— Rental, $1.950; other receipts, $11.510 — total,
$13,460. Expenses and taxes, $12,421. Surplus,
$1,039. Balance Sheet. June 30. 1901. — Capital
stock, $100,000; unfunded debt, $67,866; Income
balance, $36.813— total, $204.679. Contra: Cost of
road and equipment, $115.059; other investments,
$81,983; other assets. $7.637— total, $204,679. E. S.
Hooley, Pres., Evansville. Ind.; George H. Ball, Viiv-
Pres., Boston, Mass.; Charles A. Nones, Treas., NV\v
York, N. Y.; Gilbert S. Wright, Sec. & Asst. Treas.,
Evansville, Ind. Office. Evunsville, Ind.
11. Board of Directors, Eoan-sville and Terre Haute BR Co., elected October 21, 1901.
Henry Siebert New York, N. Y.
Edwin S. Hooley.. "
W. F. Carlton "
C. A. Nones...
Geo. H. Ball Boston, Mass.
Edwin W. Winter Chicago, III.
H. H. Porter " "
R. K. Dunkerson Evansville, Ind.
Tho*. Honeyman..Xew York, N. Y.
Chas. H. Sherrill...
Alfred Lauterbach..
George S. Brewster. "
E. S. HOOLEY, President Evansville, Ind.
George H. Ball, Vice-President Boston, Mass.
Sec. <t Asst. Treas.— Gilbert S. Wright.. Evansville, Ind. | Treasurer— C. A. Nones ... New York, N. Y.
Auditor — W. K. Allen ...Evansville, Ind.
PRINCIPAL OFFICE AND ADDRESS Evansville, Ind.
RAILROAD CONTROLLED BY THE EVANSVILLE AND TERRE HAUTE
RR. CO.— EVANSVILLE AND INDIANAPOLIS RAILROAD COMPANY.
Line of Iload.— E. & T. H. Junction to Terre Haute, Ind 134.15 m.
LEASED: Terre Haute & Indianapolis Br.: Saline City to Brazil. Ind. 11.80m.
TRACKAGE : E. & T. H. RR.: E. & I. Junction to Evansville, Ind. . 3.50 m.— 149.45 miles.
Sidings, etc., 26.50 miles. Gauge, 4 ft. 8i in. Rail (steel, 148.95 m.), 50 and 60 Ibs.
History. — Consolidation, Nov. 14, 1885, of the Evansville and Indianapolis, the Terre
Haute and Southeastern, and the Evansville, Washington and Brazil RR. Cos. (See MANUAL
for 1891, page 703.) Controlled by the Evansville and Terre Haute RR. Co., by ownership
of the capital stock.
Rollins: Stock.— Freight cars (flat, 13 ; coal, 6), 19.
Operations, year ending June 30, 1901. — Train mileage — passenger, 125,200 ; freight,
72,655; mixed, 70,053; other, 28,749— total, 296,657 miles. Passengers carried, 178,035 ;
carried one mile, 3,700,389; average mile rate, 2.53 cents. Tons freight moved, 314,914;
moved one mile, 13,696,068 ; average ton-mile rate, 1.35 cents.
Earnings— Passenger $93.535 25
Freight 183,947 48
Mail and Express 25,032 87
Miscellaneous 8,17777
Total ($2,045.39 per mile) $305,68317
Expense*— Maintennnce Way and Structures. $74,263 2
Maintenance of Equipment 86.965 86
Conducting Transportation 107,215 46
General 10,678 OS
Total ($1,533.10 per mile) $229,122 06
Net earnings (25.05 p. c.), $76,561.31 ; add interest and rentals, $12,872.16— total, $89.-
433.47. Payment : Interest on bonds, $152,510 ; rentals, $3,000 ; taxes, $20,528.43— total,
$176,088.42. Deficit. $86,604.9o, assumed by E. & T. H. RR. Co.
POOR 8 MANUAL OF RAILROADS.
359
Yrs.
1894.
1896.
1898.
l si in.
1900.
1901.
Capital
Stock.
Bonded
Debt.
Capital stock, bonded debt, revenue, etc., for
Cost and RR. Gross
Invest- Oper- Earu-
ments. ated. ings.
$ $ $ Mites. $
.2,000,000 2,500,000 4,187,096 149.90 310,880 102,535
.2,000,000 2,500,000 4,187,434 149.90 293,217
.2,000,000 2,500,000 4,190,276 149.90 307,065
.2,000,000 2,500,000 4,191,847 149.90 278,428
.2,000,000 2,500,000 4,190,752 149.45 319,811 107,595
.2,000,000 2,500,000 4,191,013 149.45 332,470 109,610
.2,000,000 2,500,000 4,190,308 149.45 340,146 107,237
.2,000,000 2,500,000 4,198,295 149.45 305,683
eight years ending June 30 :
Net
Earn-
ings.
Net
Income.
Taxes.
Rentals.
Interest
Charges.
Total
Pay-
ments.
Balance
(+or-).
•
S
$
$
$
9
S
102,535
110,273
27,787
13,516
152,510
193,812
-83,539
92,429
92,791
19,616
13,705
152,510
185,830
-93,039
90,537
90,711
20,328
3,000
152,510
175,838
-85,127
68,020
68,020
19,204
3,000
152,510
174,444
-106,424
107,595
113,662
19,470
3,000
152,240
174,980
-61,318
109,610
123,776
21,587
3,000
152,510
177,097
-53,321
107,237
122,891
21,149
3,000
152,510
176,659
-53,768
76,561
89,433
20,528
3,000
152,510
176,038
—86,605
General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $4,198,295 18
Materials on Hand 4,450 99
Cash on Hand 67,670 00
Current Accounts 10,60456
Suspense Accounts 587 12
Profit and Loss 323,521 29
Total Assets $4,605,129 14
Capital Stock ($100 shares) $2,000,00000
Funded Debt 2,500,00000
Debenture Bonds 2,232 00
Current Accounts 28,230 47
Accrued Interest 74,666 67
Total Liabilities $4,605,129 14
Funded debt consists of $251,000 T. H. & S. E. 1st 7s °* SePt- 1» 19°9, int. M. & S. ; $647,000 E. & I. 1st
6s of July 1, 1924, int. J. & J. ; and $1,602,000 ($2,500,000 auth.) consol. 6s of Jan. 1, 1926, int. J. & J. The
bonds are guaranteed by the E. & T. H. RR. Co., both as to principal and interest.
Directors (elected Oct. 21, 1901).— Edwin S. Hooley, W. P. Carlton, Chas. A. Nones,
Chas. H. Sherrill, Henry Seibert, New York, N. T.; George H. Ball, Boston, Mass.; H. H.
Porter, Jr., Chicago, 111. OFFICERS: EDWIN S. HOOLEY, Pres., New York, N. Y.; George
H. Ball, Vice-Pres., Boston, Mass.; Chas. A. Nones, Treat., New York, N. Y.; Gilbert S.
Wright, Sec. & Asst. Treas., Evansville, Ind. PRINCIPAL OFFICE, Evansville, Ind.
GREEN BAY AND WESTERN RAILROAD COMPANY.
Main Line of Road. — Green Bay to East Winona, Wis 212.5 m.
La Crosse Branch : Onalaska to La Crosse, Wis 6.5 m.
Steven's Point Branch : Plover to Steven's Point, Wis 6.0 m.
TRACKAGE : C. & N. W. Ry.: Marshland to Onalaska, Wis 23.0 m.— 248.0 miles.
Sidings, etc., 23.08 miles. Gauge, 4 ft. 8| in. Rail (steel, 229.8 m.), 70 and 77| Ibs.
History. — Reorganization, June 5, 1896, of the Green Bay, Winona and St. Paul RR. Co.
(see MANUAL for 1896, page 1509). The company has an interest in a lease of the bridge
across the Mississippi River, which gives it an entrance into Winona, Minn.
Rolling Stock, Dec. 31, 1901. — Locomotives, 22. Cars — passenger, 14 ; baggage, mail,
and express, 7; freight (box, 365; flat, 60), 425; service cars, 28 — total cars, 474.
Operations, year ending Dec. 31, 1901. — Train mileage — passenger, 194,252 ; freight,
174,002 ; mixed, 60,258— total, 428,512 miles. Passengers carried, 148,818 ; carried one mile,
3,781,399 ; average mile rate, 2.64 cents. Tons freight moved, 356,301 ; moved one mile,
41,908,832 ; average ton-mile rate, 0.95 cents.
Earnings— Passenger $98,574 72
Freight 400,627 00
Mail and Express . 24,044 14
Miscellaneous 4,065 90
Expenses— Maintenance Way and Structures. $140,072 54
Maintenance of Equipment 43,34851
Conducting Transportation 148.544 62
General Expenses 23,336 43
Total ($2,126.25 per mile) $527,311 76 Total ($1,432.67 per mile) $355,302 10
Net earnings (32.62 p. c.), $172,009.66, Payments : Taxes, $14,654.20; general improve-
ment fund, $25,000— total, $39,654.20. Surplus, $132,355.46; surplus forward, $19,556.75—
total, $151,912.21. Deduct dividend payable Feb. 1, 1902 (4 p. c. on $600,000 "A" debentures,
$24,000; 4 p. c. on 25,000 shares of stock, $100,000), $124,000. Surplus, $27,912.21.
General Balance Sheet, Dec. 31, 1901.
$9 954 000 00
Capital Stock ($100 shares) ......
$2 500,000 00
Cost of Equipment
121,000 00
" A " Debentures
600,000 00
Stocks Owned
94,610 00
" B " Debentures
7,000,000 00
Cash
37,855 77
Bills Payable
80000 00
Materials and Supplies
5,405 07
98,777 19
Treasurer
191,924 01
25,000 00
General Auditor
9,798 20
Dividend Due Feb 1, 1902
124,000 00
Current Assets
81 096 35
27 912 21
Bills Receivable
10,000 00
Total Assets...
...$10,455,689 40
Total Liabilities...
...$10,455.689 40
360 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
of Debentures ami of Stock. — The net earnings of the company are to be applied
each year as follows: (1) 2J p. c. on the $600,000 series " A" debentures; (2) 2i p. c. on the $2,500,000
stock; (3) " A " debentures and stock a pro rata on surplus up to 5 p. c. per annum; (4) the surplus earn-
ings after the above, to be distributed pro rata to the holders of the " B " debentures. All of such income
payments to be non-cumulative. It is provided that no mortgage shall be placed upon the railroad and
property, nor the same be leased or sold, without the consent of the holders of 75 p. c. of the capital stock
outstanding; and in case of any future sale or reorganization of the property the proceeds of such sale or
reorganization shall, after payment of all liens and charges upon said property, be first distributed to and
among the holders of class " A " debentures and the stockholders pro rata, and any surplus remaining after
payment of the face value of the said class " A " debentures and the par of said stock shall be distributed
pro rata to and among the holders of the class " B " debentures.
Directors. — S. S. Palmer, Princeton, N. J.; William Jay Hunt, C. Ledyard Blair, New
York, N. Y.; J. A. Jordan, Green Bay, Wis.; Mark T. Cox, East Orange, N. J.
S. S. PALMEK, President and Chairman of the Board ..... New York, N. Y.
J. A. Jordan, Vice- President and General Manager ...... Green Bay, Wis.
Sec. & Treat.— Mark T. Cox, ......... New York, N. Y. | Gen. Aud.—J. C. Thurman ............ Green Bay, Wis.
PRINCIPAL OFFICE AND ADDRESS ............... 40 Wall Street, New York, N. Y.
General and Operating Office .................................... Green Bay, Wis.
HOCKING VALLEY RAILWAY COMPANY (THE).
(For map of this road, see page 361.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Car Trust Bonds 10
Car Trust Obligations 11
Directors and Officers 14
Earnings, Expenses, etc 4
Funded Debt, Details of 9
Gen. Balance Sheet, June 30, 1901 7
Gen. Bal. Sheet, 1900 and 1901 ... 6
Guaranteed Bonds 12
History 2
Income Account, June 30, 1901.. . 4
Leased Line, Statement of 13
Mileage and Eq'p't, 1900 and 1901. 6
Mileage Operated 1
Operations, June 80, 1901 4
Oper. and Income, 1900 and 1901 . 6
Profit and Loss, June 30, 1901 5
RollingStock 3
1. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 321.0 miles).
Toledo Division : Rockwell to Columbus, 0 120.0 miles.
Hocking Valley Division : Columbus to Athens, 0 76.0 "
Ohio River Division : Logan to Pomeroy, O ... 83.0 "
Straitsville Branch : Logan to New Straitsville, O ... 13.0
Monday Creek Branch : Nelsonville to Monday Creek Junction, 0 17.0 "
Snow Pork Branch : Snow Fork Junction to Conlgate, O 8.0 "
Brush Fork Branch : Brush Fork Junction to New Pittsburgh, 0 2.5 "
Ohio Central Branch : Walbridge to Hickox, 0 1.5 "
B. OPERATED.
Wellston and Jackson Belt By.: McArthur June, to Jackson, 0 17.5 "
C. TBACKAGE RIGHTS (total, 8.5 miles).
Toledo, Walhonding Valley & Ohio RE. : Walbridge to Toledo, 0 5.5 "
Lake Shore & Michigan Southern Ry. : Rockwell to Toledo, 0 2.5 "
Pittsburgh, Cincinnati, Chicago & St. Louis Ry.: Columbus, 0 0.5 "
Total length of all lines operated, June 30, 1901 347.0 miles.
2d track, 25 m.; sidings (owned, 178.0 m.; operated, 7.0m.; trackage, 4.0m.), 189.0 miles.
The company also operates 14.0 m. of private track ; making total length of track operated,
575.0 miles. Gauge, 4 ft. 8£ in. Rail (steel, owned, 509.3 m.), 52, 60, 63, 67, and 80 Ibs.
2. History. — Chartered Feb. 25, 1899, to take over the railroad property, stocks, bonds,
etc., covered by the Columbus, Hocking Valley and Toledo Ry. Co.'s consolidated 5 p. c. mort-
gage of 1881 and general lien 4 p. c. mortgage of 1896, and by the joint general mortgage
made in 1884 by the Columbus, Hocking Valley and Toledo Ry. Co. and the Hocking Coal
and RR. Co., all of which mortgages were foreclosed on Feb. 24, 1899. The coal property
was conveyed to the Buckeye Coal and Ry. Co., all of the capital gtock of which is owned
by the Hocking Valley Ry. Co. (See MANUAL for 1898, page 420.)
The Buckeye Coal and Ry. Co. owns all the capital stock oi the Ohio Land and Ry. Co.,
and the Hocking Valley Ry. Co. owns substantially all the bonds of the same company. The
MAP OF THE
HOCKING VALLEY
RAILWAY.
961
362 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Hocking Valley Ry. Co. also owns all the stock and all the bonds of the Wellston and Jack-
son Belt Ry. Co. and owns or controls more than 99 p. c. of each class of the capital stock
of the Toledo and Ohio Ceutral Ry. Co.
3. Rolling Stock, June 30, 1901. — Locomotives, 104. Cars — passenger, 41; combination,
5 ; parlor, 3 ; baggage, mail, and express, 14 ; freight (refrigerator, 21 ; box, 2,316; flat, 178;
lime, 114 ; gondola, 9,304 ; dump, 362), 12,295 ; service cars, 74— total cars, 12,432.
4. Operations, year ending June 30, 1901. — Train mileage — passenger, 715,499; freight,
1,291,593 ; other, 903,945— total, 2,911,087 miles. Passengers carried, 2,044,306 ; carried one
mile, 32,307,033 ; average mile rate, 2.08 cents. Tons freight moved, 6,756,611 ; moved one
mile, 833,528,765 ; average ton-mile rate, 0.442 cent.
Earnings— Passenger $682,283 53
Freight 3,687,030 71
Mail and Express 75,227 62
Miscellaneous 208,716 29
Expenses— Maint. of Way and Structures. . . $516,802 33
Maintenance of Equipment 747,463 24
Conducting Transportation 1,284,291 06
General Expenses 106,946 26
Total ($13,409.97 per mile) $4,653,258 15 Total ($7,652.75 per mile) $2,655,502 89
Net earnings (42.93 p. c.), $1,997,755.26 ; income from securities owned, $252,177.28;
net income subsidiary companies, $211,196.77; net income Toledo Dock, $10,710.12 — total,
$2,471,839.43. Deductions : Interest on funded debt, $819,763.74 ; on unfunded debt, $62,-
042.02 ; taxes, $129,782.96 ; lease rentals, $24,428.28 ; subsidiary companies (net deficits),
$81,644.72— total, $1,117,661.72. Surplus, $1,354,177.71.
5. Profit and Loss Account, year ending June 30, 1901. — Credits: Balance, June 30,
1900. $938,982.76 ; surplus income for year, $1,354,177.71 ; sundry profit and loss items (net),
$2,810.53— total, $2,295,971. Debits: Dividends on preferred stock, Nos. 3 and 4 (Jan. 10,
and July 20, 1901, 2 p. c. each, $560,000 ; dividend on common stock (No. 1, July 20, 1901,
1* p. c.), $156,324.38 ; credit balance, June 30, 1901, $1,579,646.62— total, $2,295,971.
6. Statement of operations, property and general balances for two fiscal years ending
June 30 :
1900
1901
1900
1901
Passenger Train Mileage
751,490
1,246,020
843,336
715,499
1,291,593
903,945
345.5
$
12,785 13
7,310 39
347.0
S
13.409 97
7,652 75
Freight Train Mileage
Gross Earnings per Mile
Other Train Mileage
Total Train Mileage
2,840,846
1,538,967
32,993,322
6,691,394
805,317,681
$
623,361
3,607,377
186,529
2,911,037
2,044,306
32,307,033
6,756,611
833,528,765
$
682,283
3,687,031
283,944
Operating Expenses per Mile
Net Earnings per Mile
5,474 74
57.18 p. C.
1.86 c.
0.45 c.
320.0
509.3
509.3
107
53
12,365
69
$
24.421,625
15,193,000
2,335,825
5,757 22
57.07 p. c.
2.08 c.
0.44 c.
321.0
524.0
509.3
104
63
12,295
74
$
24,421,625
15,722,000
1,634,290
Freight (tons) Moved
Freight (ton) Miles '
Earnings Passenger
Average Earn, per Pass, per Mile. .
Average Earn, per Ton per Mile. . .
Miles Road Owned
Freight
Other
Gross Traffic Earnings
Operating Expenses
4,417,267
2,525,740
4.653,258
2,655,503
Miles Steel Rail
Locomotives
Net Traffic Earnings
1,891,527
295,387
1,997,755
474,084
Other Receipts
Passenger Train Cars ^
Freight Train Cars
Net Income
Payments — Taxes
Interest
Rentals
2,186,914
115,467
807,980
12.208
89 71 1
2,471,839
129,783
881,805
24,428
81 645
Service Cars
Capital Stock
Funded Debt
Car Trusts
Totals
Surplus for Year
1,018,366
1,168,548
207,535
3,080
1,117,661
1,354,178
938,983
2,810
Current Liabilities
Profit and Loss
Total Liabilities
1,448,548
938,983
44,337,981
24,379,164
5.783.612
12,210,436
270,546
282,118
1,412,105
2.175,726
1,579,647
45,533,288
24,551,268
5,866.112
11.801,253
212,302
09.451
3,002,902
Surplus Forward
Cost of Road and Property
Sundry Credits
Totals
1,379,163
430,000
2,295,971
560,000
156,324
'1,579,647
Debits Pref Dividends
Cost of Equipment
Com Dividends ...
Materials, etc
Adjustments
Credit Balance
10,180
938,983
Sinking Funds ....
Totals
Total Assets
1,379,163
2,295,971 1
44,337,981
45,533,288
POOR'S MANUAL — HOCKING VALLEY RY. CO. (THE).
363
7. General Balance Sheet, June 30, 1901.
Cost of Road and Property $24,551,267 92
Rolling Equipment 5,866,112 20
Securities Owned 11,801,253 22
Capital Stock, Special Account (Contra) 46,325 00
.ponded Balance in Sinking Funds.. 99,450 68
I'ur Construction and Equipment 413,081 62
Materials and Supplies 212,30241
Cash on Hand 335,067 97
Cash in Transit 38,292 79
Cash to Pay Coupons and Dividends 330,289 50
Agents and Conductors 81,364 03
Individuals and Companies 828,40909
1 . S. Government— P. O. Dept 10,17197
Bills Receivable 959,912 50
Accrued Interest Receivable 5,167 53
Unexpired Insurance 1,144 39
Total Assets $45,579,612 82
Common Stock ($100 shares) ".$10,421,625 00
Preferred Stock ($100 shares) 14,000,000 00
Funded Debt Outstanding 15,722,00000
Car Trust Bonds 647,000 00
Car Trust Obligations. .. .$1,091,988 78
Less Interest Unaccrued. 104,698 91— 987,289 87
Securities Owned, Special Acct. (Contra) 46,325 00
Current Accounts 456,984 47
Interest Due and Unpaid 250,289 50
Dividend No. 4 on Preferred Stock 280,000 00
Dividend No. 1 on Common Stock 156,324 38
Bills Receivable Discounted 800,000 00
Accrued Interest on Funded Debt 105,406 66
Accrued Taxes 47,173 04
Reserve Funds 79,548 28
Profit and Loss 1,579,646 62
Total Liabilities $45,579,612 82
8. Capital Stock. — The capital stock may be increased to a total of $26,000,000, consisting of
$11,000,000 of common stock and $15,000,000 of preferred stock, for the purpose of acquiring properties and
securities contemplated in the plan of reorganization. (See Manual for 1900, page 286). The balance sheet
shows the amount issued of each class of stock; $10,383,300 of the common stock and $13,991,300 of the
preferred stock were outstanding in the hands of the public; $38,300 common stock and $8,600 preferred
stock were held by the Middle States Construction Co. for the purpose of acquiring additional stock of the
Toledo and Ohio Central Ry. Co., and $100 of the preferred stock remained on hand.
Preferred stock has priority over common stock for non-cumulative dividends up to 4 p. c. per annum
out of the net profits of the company and for its par value in the event of a dissolution of the corporation.
It is subject to redemption at par any time after three years from date of issue. Whenever dividends of
4 p. c. are declared in any fiscal year on both classes of the stock any further dividends for such fiscal year
shall be equally for the b'enefit of all shares, whether preferred or common.
9. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $15,722,000, as per general
balance sheet — consisted of the following issues (additional particulars are in the Ready Reference Bond List
— see General Index) :
$1,401,OOO C. & H. V. RR. 1st (extended) gold 4s
of Oct. 1, 1948. Secured on the line from Colum-
bus to Athens, O., 76 miles, and on 41 miles of
branches.
3,5OO,OOO C. & T. RR. 1st 7s of Aug. 1, 1905.
Secured on the line from Columbus to Walbridge,
O., 118 miles.
1,584,OOO O. & W. Va. Ry. 1st 7s of May 1, 1910.
Secured on the line from Logan to Pomeroy, O.,
83 miles.
1O,2S7,OOO H. V. Ry. 1st consol. gold 3£s
of July 1, 1999. Secured by a mortgage dated
March 1, 1899, executed jointly by the Hocking
Valley Ry. Co. and the Buckeye Coal and Ry. Co.
to the Central Trust Co. of New York, as trustee,
and conveying the entire properties of both com-
panies, whether now owned or hereafter acquired,
but subject to the liens of prior mortgages. The
Buckeye Coal and. Ry Co. conveyed all its lands,
aggregating about 10,000 acres in the counties of
Hocking, Perry and Athens in the State of Ohio.
The mortgage provides that the Coal Co. shall
pay the trustee two cents per ton on all coal
mined from the lands of the Coal Co., to be used
in purchasing bonds, if obtainable, at not over
105 p. c. and accrued interest, all bonds so pur-
chased to be cancelled. All sums not so used with-
in six months after their receipt by the trustee are
to be returned to the Coal Co. The amount
authorized is $20,000,000, of which a sufficient
amount is reserved for the retirement of prior
liens, the balance being issuable for the acquisi-
tion of new property and for betterments and
enlargements, the property so acquired to be
subject to the lien of the mortgage. The company
reserves the right to extend any of the prior lien
bonds rather than redeeming them by use of 1st
consol. mtge. bonds. There are deposited with the
trustee, as additional security for the 1st consol.
mtge. bonds, $249,500 capital stock of the Buckeye
Coal and Ry. Co., $255,000 capital stock and $300,-
000 1st mtge. bonds of the Wellston and Jackson
Belt Ry. Co., $200,000 capital stock of the Boston
Coal, Dock and Wharf Co., $199,900 capital stock
and $1,461,000 1st mtge. bonds of the Ohio Land
and Ry. Co., and $1,028,500 preferred stock and
and $1,545,300 common stock of the Sunday Creek
Coal Co. The securities thus deposited are in each
case the whole or a large majority of the issue.
The Ohio Laud and Ry. Co. is the owner of about
10,960 acres of coal lands in Athens, Hocking and
Perry counties in Ohio.
10. Car Trust Bonds. — The amount shown on the general balance sheet is the outstanding balance
of an issue of $1,750,000 floated in 1894. The bonds are retired by action of a sinking fund, under which
one-tenth of them may be drawn each year at par and interest. The date of final maturity is April 1, 1904.
Interest is at the rate of 6 p. c. per annum, payable on the 1st of Jan., April, July and Oct., at the
Atlantic Trust Co., New York, N. Y.
11. Car Trust Obligations.— These are as follows, all dated 1900: Pullman Co., for 1,050 box
and 50 gondola cars — $443,835.79 due May 1, 1905, with interest at 5 p. c. per annum, payable monthly at
the Merchants' Loan and Trust Co. Bank, Chicago, 111.; American Car and Foundry Co., for 1,000 gondola
cars — $484,610.92 due June 28, 1905, with interest at 5 p. c. per annum, payable monthly at the office of
P. W. Huntington & Co., Columbus, O. ; Brooks Locomotive Works, for 8 locomotives — $58,843.16 due Dec.
10, 1902, with interest at 5 p. c. per annum, payable monthly at the Bank of Commerce National Associa-
tion, Cleveland, 0. The car trust obligations may be retired from the earnings of the company or from
the proceeds of the sale of additional 1st consol. mtge. 4J p. c. bonds, as may be most desirable and
practicable from time to time.
lla. New Car Trust Obligations. — Since the close of the fiscal year ending June 30, 1901,
there have been purchased 1,500 gondola cars from the Pullman Company, the total net cost being $889,875.
Of this amount the principal sum of $727,619.76 is covered by 84 car trust obligations, issued in the prin-
cipal sum of $8,662.14 each, payable monthly, the final one maturing on July 15, 1908. The eleventh of
these obligations was paid on June 15, 1902, leaving 73 then unpaid, aggregating $632,336.22.
12. Guaranteed Bonds. — This company guarantees, both as to principal and interest, $2,750,000
1st mtge. 4 p. c. bonds of July 1, 1951, of the Kanawha and Hocking Coal. and Coke Co.
364 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
13. RAILROAD LEABBD BY THB HOCKING VALLKT RT. Co.
WelUtort and Jackson Belt Ry.-Mc-
Artbur June, to Jackson, O., 17.5 m. ; total track
(steel; 60 Ibs.), 24.8 m., of which 11.4 in. operated
by electricity. Chartered Jan. 22, 1895; opened
March 1, 1896. Leased to the Hocking Valley Ry.
Co., for 99 years from Jan. 1, 1900. The company
owns 5 motor and 5 trail cars. Rental year ending
June 30, 1901. $24,428. Payments: Interest on
bonds, $18,000; other charges, $6,428 — total, $24,428.
Balance Sheet, June 30, 1901. — Capital stock ($100
shares), $255.000; funded debt (1st 6s of Aug. 1,
1915), $300,000; unfunded debt, $145.508 — total,
representing cost of road, $700,508. The stock and
the bonds are all owned by the H. V. Uy. Co. N.
Monsarrat, Pres. ; C. O. Hunter, Vlce-Pres. ; Wm. N.
Cott, Sec. & Treas. ; Louis P. Ecker, Aud. Office,
Columbus, O.
C. B. Alexander. ..New York, N. Y.
Robert Bacon "
R. M. Gullaway... "
W. F. Goodspeed Columbus, O.
P. W. Iluntington ColumbuB, O.
N. Monsarrat. " "
Thos. F. Ryan New York, N. Y.
Charles Steele "
14. Board of Directors, Tlie Hocking Valley Ry. Co., elected October 1, 1901.
Myron T. Herrick Cleveland, O.
Ralph W. Hickox "
Charles G. Hickox .... " "
James H. Hoyt " "
R. S. Warner Columbus, O.
NICHOLAS MONSARRAT, President Columbus, 0.
R. W. Hickox, 1st Vice-President Cleveland, 0.
James H. Hoyt, 2d Vice-President "
Sec. & Treas.— Wm. N. Cott Columbus, O. | Asst. Sec. & Asst. Treas.— A. H. Gillard. .New York, N. Y,
Auditor— Louis P. Ecker Columbus, O.
PRINCIPAL OFFICE AND ADDRESS Columbus, O.
ILLINOIS CENTRAL RAILROAD COMPANY.
INDEX TO STATEMKNTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Advances on Construction Acct.. 17
Albert Lea and Southern RR 5
Balance Sheets, 1895-1901 14
Capital Stock, Increase 10
Cecilia Branch Purchase 5
Charter Tax 6
Construction Advances 17
Contracts and Agreements 3
Cost of Road, etc., Details 15
Directors and Oflicers 19
Dividends since 1855 6
Earnings, Expenses, etc 8
Funded Debt, C., St. L. & N. O.. 13
Funded Debt, Illinois Central .... 12
Gen. Balance Sheet, June 30, 1901 . 9
History. . . .5
Income Account, June 30, 1901..
Income Account, 1895-1901 14
Income from Investments 8a
Interest on Bonds, Details 8b
Kentucky Western Ry 5
Leased and Operated Lines, State-
ments for 18
Leased Lines and Trackage 2
Leased Line Stock 11
Lines of Road, June 30, 1901 4a
Mileage & Equipment, 1895-1901. 14
Mileage Operated, June 30, 1901. 1
Operations and Income,1895-1901. 14
Ownership of System 4
Payments in Detail 8b
Peoria, Decatur <t Evansvi'.le Ry. 5
Proprietary Lines in Detail 4a
Rentals Paid. Details 8b
Rolling Stock. June 30, 1901 7
Securities Owned, Details 16
Trackage and Terminals 3
1. Mileage Operated, June 30, 1901.
Main Line : Chicago, 111., to Cairo, 111 364.73 miles.
loioa Division: Centralia, 111., to Dxibuque, la 340.77 "
New Orleans Division : Cairo, 111., to New Orleans, La 547.79 "
Other lines owned or leased, operated in the system , . . .3,012 21 "
Total length of lines operated, June 30, 1901 4,265.50 miles.
2d and additional main tracks, 337.50 m. ; sidings, etc., 1,333.34 miles. Gauge, 4 ft. 8* in.
Rail (steel), 50 to 100 Ibs.
2. Leased Lines and Trackage Eights. — The main line of the Louisville Division, from'
Memphis to Louisville, includes 45.48 miles, from Louisville to Cecilia Junction, Ky., leased
from the Louisville and Nashville RR. Co. (purchased in 1902 — see Sec. 5), and the branch
from Evansville to Hopkinsville includes 20.70 miles, from Princeton to Gracey, Ky., leased
from the same company. The tracks of the Kansas City, Memphis and Birmingham RR.
are used between Aberdeen, Miss., and Winfield, Ala., to connect the Canton, Aberdeen and
Nashville RR. in Alabama with the Canton, Aberdeen and Nashville RR.
3. Contracts and Agreements. —A contract has been made with the Omaha Bridge and
Terminal Ry. Co. for the right to use its bridge over the Missouri River at Omaha, Neb., its
freight houses in that city and in Council Bluffs, la., and all of its freight yards and facilities
in Omaha. Arrangements have also been made with the Union Pacific RR. Co. for the use
of its new Union Passenger Station at Omaha, and of the tracks leading thereto. The single
track railroads of this company and the Mobile and Ohio RR. Co. parallel each other from
the Cairo Bridge southward for six miles. An arrangement has been made whereby these
tracks are to be used jointly by the two companies as a double track railroad. The Mobile
and Ohio RR. Co. has the right until 1930 to run its trains over the Cairo Bridge, at a fixed
POORS MANUAL — ILLINOIS CENTRAL RR. CO.
365
minimum rent, with provision for increased rent as its use of the bridge grows. The com-
pany has a contract with the Nashville, Chattanooga and St. Louis Ry. Co. for the interchange
of freight and for the right of either company to run through passenger trains over the lines
of the other without change.
4. Ownership of System.— The Illinois Central RR. Co. practically owns the entire
system operated by it (except the leased and operated mileage referred to in Sec. 2), although
it holds the fee-simple of no more than the 705.50 miles of the Illinois Central proper. The
other lines are nominally leased or controlled through stock ownership, but separate state-
ments are not published in the MANUAL for any of them except the Dubuque and Sioux City,
Chicago and Texas, Hodgenville and Elizabethtown, and Troy and Tiptonville.
4a. Statement in detail of the lines comprised in the Illinois Central System, June 30,
1901
Illinois Central RR. (705.50 m.):
Centralia, 111., to Dubuque, la 364.73
Chicago Div., Chicago to Cairo, 111 340.77
South Chicago Branch :
Parkside to South Chicago, 111 4.76
Blue Mand RR:
Kensington to Blue Line, 111 3.96
Mound City Ry.:
Mound City Junction to Mound City, 111 2.87
Kankakee <fe Southwestern RR. (131.26 m.):
Otto to Normal Junction, 111 79.46
Kempton June, to Kankakee June., Ill 41.80
Buckingham to Tracy, 111 10.00
Man foul RR.:
West Lebanon, Ind., to Leroy, 111 74.40
Chicago and Spring field RR.:
Oilman to Springfield, 111 111.47
litchfteld Division (St. L., P. & N. Ry.):
Springfield to East St. Louie, 111 97.59
Chicago, Havana & Western RR. (131.62 m.):
Havana to Champaign, 111 100.58
White Heath to Decatur, 111 31.04
T$ffl,ngham District (St. L., I. & E. RR.):
Effingham, 111., to Switz City, Ind 88.51
Chicago, Madison & Northern RR. (231.30 m.):
Freeport, 111., to Madison, Wis 61.80
Cedarville June., 111., to DodgeTille, Wis 57.36
Freeport, 111., to Clarke St., Chicago 112.14
St. Louis Div., St. L., A. & T. H. RR. (239.04 m.):
East St. Louis to Eldorado, 111 131 .00
Belleville to East Carondelet, 111 17.30
Pinckneyville to Brooklyn, 111 98.43
Harrison to Murphysboro, 111 2.31
Peoria Div. P., D. & E. Ry. (250.66m.) :
Peoria, 111. to Evansville, Ind 244.33
Stewartsville to New Harmony, Ind 6.33
Miles.
Chicago and Texas RR. (79 m.) :
Johnston City to East Cape Girardeau, 111.. . . 73.00
Mobile Junction to Garrison Shaft 2.00
McCure to Gale, 111 4.00
Total Northern Lines 2,151.94
Dubuque & Sioux City RR. (731 m.):
Dubuque to Sioux City, la 326.58
Onawa, la., to Sioux Falls, S. D 155.58
Cedar Rapids to Manchester, la 41.85
Mona June., la., to Lyle, Minn., Line 75.97
Tara to Council Bluffs, la 131.02
Stacyvitte RR. :
Near Lyle, Minn., to Stacyville, la 7.66
Albert Lea & Southern RR. :
Lyle to Glenville, Minn '. 18.59
Total Western Lines 757.25
Chic., St. L. & New Orleans RR. (664.99 m.):
Cairo, 111., to Canton, Miss 341.03
Canton, Miss., to New Orleans, La 206.76
Memphis Div., Grenada to Memphis, Tenn . . 100.00
Duraiit to Kosciusko, Miss. .• 17.20
Louisville Div., C., St. L. & N. 0. RR. (578.72 m.) :
Memphis, Tenn., to Louisville, Ky 398.12
Owensboro to Horse Branch, Ky 42.16
Evansville, Ind., to Hopkinsville, Ky 128.94
Morganfiehl to Uniontown, Ky 7.50
DeKoven, Ky., to Ohio River 2.00
Hodgfnville and Elizabethtown Ry. ;
Hodgenville to Elizabethtown, Ky 11.10
Troy and Tiptonville RR. :
Moffat to Troy, Tenn 4.60
Canton, Aberdeen & Nashville RR.:
Aberdeen to Kosciusko, Miss 89.06
Canton, Aberdeen & Nashville RR. in Ala.:
Winfield to Brilliant, Ala 7.84
Total Southern Lines 1,356.31
Total of all Lines 4,265.50
5. History. — Illinois Central RR. Co. was chartered on Feb. 10, 1851 ; Dubuque line
opened June 11, 1855 ; through line to Cairo, Sept. 27, 1856. A sketch of the history of the
company from its organization to the close of the year 1896 is in the MANUAL for 1897, page
453 et seq., and in the editions following that one later developments are recorded.
During the year ending June 30, 1901, $5,207,948.90 were advanced upon securities and
contracts for the assignments of purchases made at foreclosure sales, which together repre-
sent the control and, with slight exceptions, the ownership of the railway formerly operated
by the Peoria, Decatur and Evansville Ry. Co., extending from Pekin, 111., to Evansville,
Ind., and the interest formerly held by that company in the Peoria and Pelun Union Rv.
The former owners and creditors of the Peoria, Decatur and Evansville Ry. Co. had pre-
viously adopted a plan of reorganization, which has resulted in the formation of two separate
corporations, the Peoria, Decatur and Mattoon RR. Co., which now owns the line from Pekin
to Mattoon, 111., and the Mattoon and Evansville RR. Co. owning that from Mattoon to the
boundary between the States of Illinois and Indiana. Since Sept. 1, 1900, the Illinois Cen-.
366 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
tral RR. Co. has been operating each of these railroads, as well as the remainder of the
lying in Indiana.
It was expected that the organization of the Peoria, Decatur and Mattoon RR. Co., in
which alone there are minority interests other than those represented by the securities pledged
as above, would be completed in the autumn of 1901 and propositions were to be presented
to the stockholders of the Illinois Central RR. Co. at their annual meeting, looking to the
purchase of the railway formerly belonging to the Peoria, Decatur and Evansville Ry. Co.
Since November 1, 1900, the Illinois Central RR. Co. has also been operating the so-
called New Harmony Branch, 6.33 miles in length, the purchase of which was also to be con-
sidered at the annual meeting.
The Albert Lea and Southern RR. extends from Lyle to Qlenville, Minn., a distance of
18.59 miles, and affords a connection between the Mona Branch of the Dubuque and Sioux
City RR., and various railroads running toward St. Paul, Minneapolis, and the northwest,
with which traffic relations have been established. Up to June 30, 1901, the Illinois Central
RR. Co., had advanced $371,168.16 on account of the construction of the road.
The Kentucky Western Ry., extending from Dixon to Blackford, Ky., a distance of 19.1
miles, has been absorbed by the Illinois Central RR. Co. since the close of the fiscal year
ending June 30, 1901 (see MANUAL for 1901, page 447.)
Early in 1902, the right to purchase the Cecilia Branch of the Louisville and Nashville
RR., which was granted in the lease of that line, was exercised.
6. Charter Tax. — The charter of the company reserved to the State of Illinois, in lieu
of taxes, 7 p. c. of the gross receipts of the 705.50 miles of road originally built thereunder.
The other portions.of the railroad, both in Illinois and elsewhere, are taxed in accordance
with the laws of the several States. The total amount paid to tho State of Illinois under the
provisions of the original charter, from the opening of the road, in 1855, to June 30, 1901,
waa $19,342,733.52. Out of the earnings of the company during the same period the stock-
holders have received $102,246,861.59 in cash dividends. A statement showing the amount
of capital stock outstanding at the close of each fiscal year since the original shares became
fully paid, together with the amounts and rates per cent, of dividends paid in every such
year, is in the MANUAL for 1898, page 470.
7. Rolling' Stock, June 30, 1901. — Locomotives, 891. Cars — passenger and chair, 402;
cafe, 10 ; buffet library, 8 ; smoking, 64 ; baggage and smoking, 24 ; baggage, mail, and ex-
press, 143; postal (3 owned jointly), 38; old cars, 20; freight (box, 19,723 ; stock, 1,097;
fruit, 633; refrigerator, 1,359; flat, 1,854; coal, 13,242), 37,908; service, 1,068— total cars,
39,685.
§. General Income Account, year ending June 30, 1901.
Earnings— Passenger $7,327,742 36
Freight 84,876,338 77
Mail and Express 1 ,424,344 20
Miscellaneous 3,272,035 14
Total ($8,754.72 per mile) $36,900,460 47
Net Earnings (34.28 p. c.) $12,648,782 91
Net Receipts from Land Sales 28,607 59
Investments and Miscellaneous Profits. . . 2,476,574 70
Surplus Dividend Fund, June 30, 1900. . . . 1,046,226 92
Total $16,200,192 12
Expenses— Maint. Way and Structures. . . $5,860,817 52
Maintenance of Equipment.. 4,371,841 81
Conducting Transportation.. 13,222,859 21
General . 796,759 02
Total ($5,753.77 per mile) $24,251,677 56
Taxes, Rents, Interest, and Sink. Fund. . $8,186,305 45
Dividends (6 p. c.) 3.780,00000
Pension Fund 250.000 00
Betterments 2,895,399 75
Surplus Dividend Fund, Jnne 30, 1901. . . . 1.088.486 92
Total 516,200,191 52
§a. INCOME FBOM INVESTMENTS AND MISCELLANEOUS PROFITS.— Interest on money
loaned, $96,717.54 ; interest on bonds owned, $1,684,207.61 ; dividends on shares owned,
$316,060 ; interest on securities in surplus dividend fund, $42,260 ; sterling exchange,
$7,667.12 ; premium on Illinois Central RR. Co. stock not subscribed for by stockholders,
$128,281.88; sundry profits, $201,425.05; interest on bonds pledged as security for 4 p. c.
gold bonds of 1952 (total amount, $817,500 ; included above in " interest on bonds owned,"
$386,500; leaving net), $481,000; South Chicago RR. Co. 5?, $10,000; interest on note of Can-
ton, Aberdeen and Nashville RR. Co. given for bonds cancelled, $12,500— total, $2,980,074.70.
Deduct fixed charges of subsidiary lines written off, $503,500. Balance, as per income ac-
count, $2,476,574.70.
POOR'S MANUAL— ILLINOIS CENTRAL RR. OO.
367
8fo. Details of payments from net income, year ending June 30, 1901 :
Proportion of Gross Receipts paid the State of Illnois as required by Charter $815,093 02
Other Taxes, Including Federal War Taxes 776,021 85— $1,590,114 87
Interest on Bonds (.total, $2,980,925):
Sterling Sinking Fund 5 p. c. Bonds, $3,250,000 for 6 mos. and $3,200,000 for 6 mos 161,250 00
Sterling Bonds, extended at 4 p. c. interest, $2,500,000 for 12 mos 100,00000
Sterling 5 p. c. Bonds of 1905, $1,000,000 for 12 mos 50,000 00
Sterling 3 p. c. Bonds, $2,500,000 for 12 mos 75,00000
Gold 4 p. c. Bonds, $1,500,000 for 12 mos 60,000 00
Gold 3i p. c. Bonds, $2,499,000 for 12 mos 87,465 00
K. & S. W. RR. 5 p. c. Currency Bonds, $968,000 for 12 mos 48,40000
Springfield Division 3J p. c. Gold Bonds, $2,000,000 for 12 mos 70,000 00
Western Lines 4 p. c. Gold Bonds, $5,425,000 for 12 mos 217,000 00
Cairo Bridge 4 p. c. Bonds, $3,000,000 for 12 mos 120,00000
Gold 4 p. c. Bonds of 1952, $15,000,000 for 12 mos 600,000 00
Sterling 3J p. c. Bonds, $5,266,000 for 12 mos 184,31000
Gold 4 p. c. Bonds of 1953, $25,000,000 for 12 mos 1,000,000 00
Omaha Division 3 p. c. Gold Bonds, $4,500,000 for 6 moa 67,50000
Litchfleld Division 3 p. c. Gold Bonds, $3,000,000 for 6 mos 90,00000
Sterling Sinking Fund Bonds of 1903 drawn for payment 50,000 00
Rent of C., St. L. & N. O. RR. (total, $2,421,089.70):
Interest on $80,000 2d Mtge. 6 p. c. Currency Bonds, for 12 mos 4,800 00
Interest on $16,555,000 Gold 5 p. c. Bonds, for 12 mos 827.75000
Interest on $1,359,000 3£ p. c. Gold Bonds, for 12 mos 47,565 00
Interest on $3,500,000 Memphis Div. 4 p. c. Gold Bonds, for 12 mos 140,000 00
Interest on $3,000,000 5 p. c. Gold Bridge Bonds, for 12 mos 150,000 00
Interest on $21,388,000 Louisville Div. 3j p. c. Gold Bonds, for 12 mos 748,580 00
For account of Cairo Bridge Fund Dec. 1, 1899, and June 1, 1900 30,000 00
Interest on $10,000,000 Leased Line Stock, 4 p. c. for 12 mos 400,000 00
Salaries of Trustees and others 355 00
Rent for Cecilia Branch 60,000 00
Rent of line from Princeton to Gracey 12,039 70
Rent of D. & S. C. RR., including $46,733.60 Sink. Fd. on " West Lines " Bonds. $818,413 00
Less, Interest on Western Lines 4 p. c. Gold Bonds, as above $217,000 00
Less, Interest on Omaha Division 3 p. c. Gold Bonds, as above 67,500 00—284,500 00— 533,913 00
Rent of St. Louis Division (St. L., A. & T. H. RR) :
Interest on Prior Lien Bonds, rent of Leased Lines, etc $66,132 24
Interest on $4,939,925 St. Louis Div. 3 p. c. Gold Bonds, for 12 mos 148,197 76
Interest on $8,377,000 St. Louis Div. 3J p. c. Gold Bonds, for 12 mos 293,195 00— 507,525 00
Rent of Litchfleld Division, 1 month, June 1 to 30, 1900 7,50000
Rent of Peoria Division, 10 mos., Sept. 1, 1900, to June 30, 1901 145,237 88
Dividend, March 1, 1901, 3 p. c. on $60,000,000 1,800,00000
Dividend, Aug. 31, 1901, 3 p. c. on $66,000,000 1,980,00000— 3,780,00000
Set apart from Income for Betterments 2,895,39975
Set apart from Income to establish a Pension Fund 250,000 00 — 3,145,399 75
Total of Payments from Net Income .$15,111,705 20
9. General Balance Sheet, June 80, 1901.
Railroad and Equipment $160,065,494 10 Capital Stk., I. C. RR. Co. ($100 shares) $66,000,000 00
Real Estate 321,863 95 Leased Line Stock of 111. Cent. RR. Co. 10,000,000 00
Stocks Owned 6,109,833 45 Funded Debt, Illinois Central RR. Co.. 112,563,925 00
Bonds Owned 38,595,51908 Funded Debt, C., St. L. & N. O. RR.. . 16,234,00000
Materials and Supplies 2,498,695 21 Betterment Funds 652,936 96
Current Dues and Other Assets 4,366,338 16 Current Liabilities 8,950,835 34
Cash 764,02420 Dividend Payable Aug. 31, 1901 1,980,00000
Advances Acct. RRs. in Construction.. 6,620,88927 Insurance Fund 1,325,09893
Assets in Insurance Fund 1,325,09893 Surplus Dividend Fund 1,088,48692
Assets in Surplus Dividend Fund 1,088,486 92 Pension Fund 250,000 00
Assets in Pension Fund 250,00000 Profit and Loss Account 2,960,96012
Total Assets $222,006,243 07 Total Liabilities $222,006,243 07
10. Capital Stock. — At the annual meeting of the stockholders, held Oct. 16, 1901, the capital
stock was increased to $79,200,000, the $13,200,000 additional stock to be issued on and after Dec. 18, 1901,
and the proceeds to be used in purchasing additional equipment and in meeting the cost of improvements
to the property.
11. Leased Line Stock. — Secured by deposit in trust of an equal amount of stock of the Chicago,
St. Louis and New Orleans RR. Co., for which it was issued in exchange. (See Manual for 1897, page
457.) Dividends are guaranteed at the rate of 4 p. c. per annum, payable Jan. 1 and July 1, and in case
of default for sixty days in any semi-annual payment the holders of the certificates will be entitled to the
stock pledged.
12. Funded Debt. Illinois Central RR. Co.— The funded debt outstanding on June 30,
1901 — total, $112,563,925, as per general balance sheet — consisted of the several issues of bonds, listed in
the following statement. Additional particulars respecting any issue will be found in the paragraph
relating thereto subjoined to the statement; and the details of funded debt outstanding on or about
Aug. 1, 1902, will be found in the Ready Reference Bond List — see General Index:
$2,500.000 1st £ 4s of April 1, 1951 (ext.). $8,377,000 St. Louis Div. 3*8 of July 1, 1951, int. J. & J.
3,300,000 lrt£s. f. 5s of April 1,1903. 21.388,000 Louisville Div. 3*8 of July 1, 1953. int.J.&J.
1,000,000 lot £ 5s of Dec. 1, 1905. 3,000,000 Cairo Bridge 4s of Dec. 1, 1950, int. J. & D.
2,500.000 1st £ 3s of Mar. 1. 1951. 15,000,000 Trust 4s of April 1, 1952, int. A. & O.
1,500,000 1st $ gold 4e of Jan. 1, 1961. 5,266,000 Trust £ 3js of July 1, 1950, int.. J. & J.
2,499,000 1st $ gold 3*8 of Jan. 1, 1951. 25,000,000 Trust 4s of Nov. 1, 1953, int. M. & N.
968,000 K. & S. W. RR. 1st 5s of Aug. 1, 1921, int. F. 5,000,000 Omaha Div. 3s of Aug. 1, 1951, int. F. & A.
& A. 3,000,000 Litchfield Div. 8e of Jan. 1. 1951, int. J. & J.
2,000,000 Spring. Div. 1st 8|sof Jan. 1, 1951, int. J. & J. 1,000 Past Due 7 p. c. Construction Bond of April
5,425,000 Western Lines 4s »f Aug. 1, 1951, int. F. 4 A. 1, 1875.
4,989,925 St. L. Div. 38 of July 1, 1961, int. J. & J.
368 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
FIRST MORTGAGE BONDS. — The 4 p. c. sterling bonds of 1951 were extended from April 1, 1895, the
interest being reduced from 6 p. c. to 4 p. c. and new coupons attached to the bonds. These bonds, the
5 p. c. sterling bonds of 1905, the sterling sinking fund 5s of 1903, the 3 p. c. sterling bonds of 1951, the
4 p. c. 1st mtge. bonds of 1951, and the 3J p. c. 1st mtge. bonds of 1951 are equally secured by a mortgage
dated Aug. 10, 1874, covering the main line of railroad from Chicago to Cairo, and from Centralhi to
East Dubuque, 705.50 m., executed in favor of the United States Trust Co., as trustee. The amount
authorized and issued under this mortgage is $15,000,000; retired by sinking fund and cancelled, $1,801,000.
KA.NKAKEK AND SOUTHWESTERN RR. BONDS.— Secured on the Kankakee and Southwestern RR., 131.62
miles, as per mileage statement. The amount authorized is $1,000,000.
SPRINGFIELD DIVISION GOLD BONDS. — Secured on the Chicago and Springfield RR., 111.47 miles.
WESTERN LINES GOLD BONDS. — The bonds outstanding are a lien on the main line of the Dubuque and
Sioux City RR. from Dubuque to Iowa Falls, la., 142 miles, and on the branch from Cedar Falls to Lyle, 75.58
miles. The authorized issue is $10,000,000, but the remaining $4,575,000 of bonds can be issued only when the
line from Iowa Falls to Sioux City, la., 183 miles, is freed of all other liens and subjected to this mortgage.
Secured upon that mileage there are outstanding $2,800,000 ($3,000,000 auth.) 1st mtge. 7 p. c. 48-yr. $500 and
$1,000 bonds, issued by the old Iowa Falls and Sioux City RR. Co., which will mature Oct. 1, 1917, interest
on them being payable April 1 and Oct. 1.
ST. Louis DIVISION AND TERMINAL FIRST MORTGAGE GOLD BONDS. — These are authorized to the amount of
$15,000,000, of which $5,000,000 bear 3 p. c. interest, and the remaining $10,000,000 bear 3J p. c. interest.
Of the 3 p. c. bonds, $4,939,925 were outstanding on June 30, 1901, and $60,075 were reserved to take up
outstanding shares of the St. Louis, Alton and Torre Haute RR. Co. Of the 3j p. c. bonds, sufficient are
reserved for the retirement of outstanding underlying securities of the old companies. (See Manual for
1898, page 478.) Particulars as to the underlying bonds yet outstanding are not obtainable, the company
refusing to supply -any information not contained in its annual reports. The bonds are issued under a
joint mortgage, dated Sept. 15, 1897, executed by the St. Louis, Alton and Terre Haute and the Illinois
Central RR. Cos. to the United States Trust Co., of New York and John A. Stewart, as trustees, covering
the entire property now owned by the St. Louis, Alton and Terre Haute RR. Co. or which may be acquired
hereafter by issue of any bonds secured by this mortgage, subject, however, to the liens of the underlying
bonds referred to before.
LOUISVILLE DIVISION AND TERMINAL FIRST MORTGAGE BONDS. — These are secured by a joint mortgage,
dated Sept. 15, 1897, executed by the Chicago, St. Louis and New Orleans and the Illinois Central RR.
Cos., and covering, besides the railway comprising the Louisville Division, the terminals in Louisville and
Memphis, and other lands used in connection with those railways. The amount authorized is $25,000,000,
of which $1,112,000 are reserved for the purchase of the Cecilia Branch, or to build a line from Cecilia to
Louisville in lieu thereof, and the remaining $2,500,000 for future acquisitions.
CAIRO BRIDGE GOLD BONDS. — These Illinois Central bonds are a first lien on the Illinois approach to the
Cairo bridge, and are additionally secured by deposit of an equal amount of C., St. L. & N. 0. RR. 5 p. c.
Cairo Bridge Bonds of 1890-1950.
TRUST GOLD FOURS OF 1952. — These are secured by deposit of 1st mtge. bonds of subsidiary lines as
follows: Canton, Aberdeen and Nashville RR. (87.89 m.) 1st mtge. 5 p. c. 65-yr. bonds of June 1, 1952,
$1,750,000; Yazoo and Mississippi Valley RR. (140.36 m.) 1st mtge. 5 p. c. 65-yr. bonds of June 1, 1952,
$2,800,000; Chicago, Havana and Western RR. (131.62 m.) 1st mtge. 5 p. c. 40-yr. bonds of Dec. 1, 1926,
$2,500,000; Chicago, Madison and Northern RR. (225.11 m.) 1st mtge. 5 p. c. bonds of Dec. 1, 1935, $4,370,-
000; Rantoul RR. (74.43 m.) 1st mtge. 5 p. c. 40-yr. bonds of June 1, 1927, $1,000,000; Cherokee and
Dakota RR. (155.58 m.) 1st mtge. 5 p. c. bonds of Dec. 1, 1935, $3,100,000; Cedar Rapids and Chicago RR.
(41.85 m.) 1st mtge. 5 p. c. bonds of Dec. 1, 1935, $830,000— total, $16,350,000; annual interest, $817,500.
(This interest is collected by the Illinois Central and credited to Income from Investments and Miscellaneous
Profits. See Sec. 4a.)
TRUST STERLING COUPON BONDS. — The 3J p. c. sterling bonds of 1950 are secured under a trust agree-
ment, dated July 21, 1886, between the railroad company and the United States Trust Co. of New York.
They are part of an authorized issue of $5,352,000, interest not to exceed 4 p. c. The bonds are secured
by deposit of an equal amount of 5 p. c. gold bonds of the C., St. L. & N. O. RR. Co., secured under its
mortgage of March 15, 1881, which are to be delivered to the holders of the 3i p. c. bonds in case of
default. In the trust agreement it is provided that no mortgage shall be made on the Illinois Central RR.,
or the C., St. L. & N. O. RR., until the 3£ p. c. bonds are secured by a mortgage on those roads.
TRUST GOLD FOURS OF 1953. — Secured by deposit of bonds of the Louisville, New Orleans and Texas Ry.
(798 m.) as follows: $16,832,000 (entire issue) 1st gold 4s of Sept. 1, 1934; $9,104,000 (entire issue) 2d
cumulative income 5s of Sept. 1, 1934; and $9,904,000 (out of $10,000,000) land grant non-cumulative income
6s of Sept. 1, 1934— total, $35,840,000 (out of $35,936,000); annual interest, $1,722,720.
OMAHA DIVISION FIRST MORTGAGE GOLD BONDS. — Secured on the Omaha Division of the Dubuque and
Sioux City RR., from Tara to Council Bluffs, la., 131.02 miles.
LITCHFIELD DIVISION FIRST MORTGAGE GOLD BONDS. — Secured on the line from Springfield to East St.
Louis, El., 97.59 miles. The amount authorized is $4,000,000, of which $1,000,000 are reserved for better-
ments, etc.
13. Funded Debt of the Chicago, St. Louis and New Orleans RR. Co.
$80,000 2d 6s of Dec. 1, 1907, Int. J. & D.
*16,555,000 Consol. 5s of June 15, 1951, int. J. & D.
1,359,000 Consol. Sis of June 15, 1951, int. J. & D.
* The Illinois Central RR. Co. owns $5,266,000 of the consol. mtge. bonds and the entire $3,000,000 of Cairo
Bridge bonds, and has deposited them as security for two of its own issues. Amount of bonds outstanding,
$16,234,000, as per general balance sheet.
SECOND MORTGAGE BONDS. — Secured on the line from East Cairo, Ky., to New Orleans, La., 547.30 m.,
and branch from Durant to Kosciusko, Miss., 18.86 miles.
CONSOLIDATED MORTGAGE GOLD BONDS. — Secured on the same road, but subject in lien to the 2d mtge.
bonds. The authorized issue is $18,000,000, a sufficient amount being reserved to discharge prior liens.
Interest is payable June 15 and Dec. 15, and is guaranteed by the Illinois Central RR. Co., the guaranty
being endorsed upon each bond. Of the $16,555,000 5 p. c. bonds, $5,266,000 are owned by the Illinois
Central RR. Co. and pledged to secure £1,053,200 of 3J p. c. sterling bonds of 1950, leaving only $11,289,000
actually outstanding in the hands of the public.
MEMPHIS DIVISION GOLD BONDS. — Secured on the line from Memphis, Tenn., to Grenada, Miss., 100.49
miles. The bonds are guaranteed by the Illinois Central RR. Co., by endorsement on each bond.
CAIRO BBIDGE GOLD BONDS. — Secured on the Cairo Bridge and approaches, 2.27 miles. The bonds are
all owned by the Illinois Central, and are pledged as security for that company's 4 p. c. Cairo Bridge
bond*,
$3.500,000 Memphis Div. 4s of Dec. 1, 1951, int. J. & D.
*3,000,000 Cairo Bridge 5« of Dec. 1, 1960, int. J. & D.
6,000 Past Due Bonds, 1881 to 1886.
POOR'S MANUAL — ILLINOIS CENTEAL ER. CO.
369
14. Statement of operations and capital account for seven fiscal years ending June 30:
1895
1896
1897
1898
1899
1900
1901
Miles Road Operated
Passenger Train Miles..
Freight Train Milee
Total Revenue Mile'ge
Passengers Carried
Passenger Mileage
Freight (tons) Moved . . .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
2,888.30
6,040,674
9,522,990
3,067.58
6,602,879
11,105,179
3,130.21
7,121,614
11,668,882
3,774.85
6,484,746
13,205,422
3,670.80
8,908,938
13,372,446
3,845.43
9,710,K54
15,448,359
4,214.92
10,824,720
17,076,817
15,563,664
11,391,733
195,924,81s
7,901,392
1,586,080,584
$
3,908,348
12,821,811
2,327,435
17,708,058
12,812,200
222,034,7W
9,659,213
2,018,129,0(50
$
4,394,771
15,028,104
2,579,967
18,790,496
12,827,205
212,985,073
9,948,367
2,258,388,132
$
4,214,461
15,162,019
2,734,457
21.690,168
33,772,221
263,336,693
12,694,058
2,722,540,585
$
5,103,812
18,918,729
3,295,279
22,281,384 25,159.213
14,401,234; 16,245.007
2<i8,589,994 305,643,549
13,517,161 16,020,836
i,7'.i9,941,184 3,425,794,698
8 8
5,409,538 6,177,654
19,251,344 22,280,420
3,453,808 4,153,893
27,901,537
17,865,439
373,919,236
17,735,749
4,016,085,602
8
7,327,742
24,876,339
4,696,379
Other Earnings
Grose Earnings
Operating Expenses
Net Earnings
19,056,994
12,294,612
22,002,842
13,910,917
22,110,937
14,683,944
27,317,820
17,363,057
28,114,690
18,203,282
32,611,967
21,377,615
36,900,460
24,251,677
6,762,382
1,642,443
8,091,925
1,918,463
7,426,993
2,164,196
9,954,763
2,236,369
9,911,408
2,581,078
11.234,352
2,441,810
12,648,783
2,505,182
Other Receipts
Net Income
8,404,825
973,919
2,807,845
2,120,144
(5) 2,500,000
10,010,388
1,051,358
2,982,809
2,890,496
(5) 2,562,500
422,500
100,725
7,172 70
4,53482
2,637 88
63.22 p. c.
1.979 c.
0.745 C.
3,127.34
4,105.42
3,828.04
650
575
20,933
165
$
52,500,000
10,000,000
93,738,925
9,591,189
1,051,941
3,239,972
2,520,725
(5) 2,625,000
150,000
3,551
7,063 72
4,691 04
2,372 68
60.41 p. c.
1.979C.
0.071 c.
3,130.21
4,175.66
3,938.20
703
575
23,065
170
$
52,500,000
10,000,000
104,153,925
12,191,132
1,292,413
3,043,545
3,466,519
(5) 2,625,000
1,726,452
37,203
7,236 80
4,599 67
2,637 13
G3.56p. C.
1.938C.
0.695 c.
3.807.74
5,056.31
4,881.21
163
651
28,388
331
8
52,500,000
10,000,000
120,281,925
2,193,315
12,492,486
1,358,980
2,952,465
3,849,539
(5} 2.812,500
1,475,040
43,962
7,659 01
4,958 94
2,700 07
64.75 p. c.
2.014 c.
O.G88 C.
3,678.74
*
*
763
653
29,903
335
$
52,500,000
10,000,000
123,496,925
13,676,162
1,491,780
2,825,925
3,601,183
(5^)3,300,000
2,416,674
40,600
8,480 71
5,559 23
2,921 48
65.55 p. C.
2.021 c.
0.650 c.
3,995.86
5,453.53
5,421.87
813
696
32,969
441
8
60,000,OG(
10,000,000
120,873,925
1,551,415
4,761,161
2,910,960
15,153,965
1,590,115
2,980,925
3,615,265
(6) 3,780,000
3,145,400
42,260
8,754 73
5,753 77
3,000 95
65.72 p. c.
1.960C.
0.619 C.
4,265.50
5,936.34
5,936.34
891
725
88,498
462
8
66,000,000
10,000,000
128,797,925
3,820,473
5,296,523
2,960,960
Taxes
Interest & Sinking Fund
Lease Rentals.
Dividends
Other Payments
Surplus
2,917
6,598 00
4,256 70
2,341 30
64.51 p. c.
1.995C.
0.808 c.
2,888.30
3,759.10
3,466.67
610
540
16,647
180
8
50.000,000
10,000,000
86,355,000
3,772,328
2,334,150
2,660,960
Gross Earnings per Mile.
Operating Exp. per Milt-
Net Earningsper Mile..
Expenses to Earnings . .
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile .
Miles of Road
Miles of Track
Miles of SU-el Rail
Locomotives
Passenger Train Cars. . .
Freight Train Cars
Work Train Cars
Capital Stock
Leased Line Stock
Funded Debt
Net Liabilities, Current.
Other Liabilities
2,998,073
2,710,960
2,796,489
2,760,960
6,317,222
2,810,960
5,326,201
2,860,960
Profit and Loss
Total Liabilities ....
Railroad and Equipment
Materials and Supplies. .
Stocks and Bonds Owned
Net Assets, Current.
155,122,444
104,853,359
916,837
48,268,092
161,947,958
112,053,084
1,435,280
46,892,465
304.050
1,263,073
172,211,374
118,469,62r
1,710,17(
48,429,687
1,561,850
2,040,032
194,103,422
145,044,506
1 .K(J3,<IO»
45,233,845
194,184,086
146,264,236
1,714,073
40,724,567
1,006,756
200,097,461
147,295,185
2,727,157
42,322,798
1216,875,881
160,065,494
2,498,695
44,705,353
Other Assets
1,084,156
1,961,665
4,474,454
7,752,321
9,284,475
Total Assets
155,122,444
161,947,958
172,211,374
194,103,422
194,184,086
; 200,097,461
t216,875,881
* Not reported.
I In the general balance sheet shown elsewhere, current liabilities, $8,950,835.34, and current assets,
$5,130,362.36 are included, but in this table only the net liabilities, $3,820,472.98, are shown.
15. COST OP RAILROAD AND EQUIPMENT, JUNK 30, 1901.
Illinois Central RR $54,994,645 57
Illinois Central RR.— Litchfleld Division 3,162,856 47
Chicago and Springfield RR 1,866,612 70
Kankakee and Southwestern RR 1,448,517 31
South Chicago RR 253,999 00
Blue Island RR 66,699 94
Chicago, Havana and Western RR 1,844,372 02
Rantoul RR 581,410 16
Chicago, Madison and Northern RR.... 10,300,605 51
St.L.Div. (St.L.,Alt.&Terre Haute RR.). 12,208.054 51
Chicago and Texas RR 1,673.703 69
Mound City Ry 12,96868
24
Brought Forward $88,414,445 56
Stacyville RR 61,57613
Canton, Aberdeen and Nashville RR 1,999,949 53
Hodgenville and Elizabethtown Ry 75,218 45
Troy and Tiptonville RR..J 6,00500
Chicago, St. Louis and New Orleans RR. 37,690,634 43
Louisville Div. Lease and Mtge. Lien. . 21,388,000 00
Lien on Dubuque and Sioux City RR. to
secure I. C. 4 p. c. Western Lines Bds. 5,425,000 00
Omaha Division 5,004,665 00
Total .,,,, $160,Q«5,494 10
370 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
16. STOCKS AND BONDS OWNED, JUNE 30, 1901, AND BOOK VALUE OF
Stocks — AMOUNT.
Illinois Central RR. Co. Stock and Scrip ...................................... $53,82250
Leased Line Stock, Illinois Central RR. Co .................................. 11,00000
Chicago, St. Louis and New Orleans RR. Co .................................. 10,20000
Dubuque and Sioux City RR. Co .............................................. 9,939,10000
Mississippi Valley Co ........................................................... 300,00000
Chicago and Springfield RR. Co .............................................. 25,00000
Other Stocks ................................................................. 14,025 00
Totals ................................................................... . . . . .$10,353,147 50
Bonds —
Illinois Central Gold, Western Lines, Fours ................................... $14,00000
Illinois Central Gold, St. Louis Division Three and a halls .................. 27,00000
Illinois Central Gold Fours of 1953 .............................................. 71,000 00
Illinois Central Gold, Omaha Division, Threes ................................ 2,750,00000
Mississippi Valley Co. Registered 4 p. c. Gold Bonds of 1950 .................... 22,000 00
Yazoo and Mississippi Valley RR. Co. Gold Improvement Bonds of 1934, Reg'd 4,109,432 35
Mississippi Central Second Mortgage (past due) .............................. 60000
Muhlenburg County, Kentucky, 5 p. c. Refunding Bonds ...................... 40,00000
Iowa Falls and Sioux City RR. Co. 7 p. c. Bonds of 1917 ...................... 460,500 00
Other Bonds ............ . ...................................................... 2,000 00
Totals ...................................................................... $7,496,532 35
Bonds Pledged—
Yazoo and Mississippi Valley RR. Co. First Mortgage Fives .................... $2,800,000 00
Cherokee and Dakota RR. Co. First Mortgage Fives.. ........ $3,100,000 00
Cedar Rapids and Chicago RR. Co. First Mortgage Fives ...... 830,00000— 3,930,000 00
Louisvjlle, New Orleans and Texas Ry. First Mtge. Fours ---- 16,832,000 00
Louisville, New Orleans and Texas Ry. Second Mtge. Fives ---- 9,104,000 00
Louisville, New Orleans & Texas Ry. Land Grant Income Bonds. 9,904,000 00— 35,840,000 00
SAME.
VALUE.
$53,82250
10,87000
10,20000
5,966,75995
43,12500
25,00000
$6,109,833 45
$14,00000
29,22858
71,000 00
2,613,91321
2:!,"
4,109,432 35
60000
40,777 77
531,131 88
2,019 66
$7,434,103 35
$2,324,538 18
3,930,00000
24,906,877 55
Totals : $60,066,532 35 $38,595,519 08
17. ADVANCES ON ACCOUNT OF RAILBOADS IN CONSTRUCTION, UP TO JUNE 30, 1901.
Effingham District — formerly St. Louis, Indianapolis and Eastern RR $732,31879
Canton, Aberdeen and Nashville RR. in Alabama 159,53237
Albert Lea and Southern RR 371,168 16
Riverside and Harlem RR 149,92105
Peoria Division 5,207,948 90
Total
1§. RAILROADS LEASED OR OPERATED BY THE ILLINOIS CENTRAL RR. Co.
in the hands of the public, $2,800,000 ($3.000.000
auth.) I., F. & S. C. RR. 1st 7s of Oct. 1, 1917.
The Iowa Falls and Sioux City bonds are secured
on the line from Iowa Falls to Sioux City. la., 183
m. ; the Cherokee and Dakota bonds, on the line from
Onawa to Sioux Falls, S. D., 155.58 m. ; and the
Cedar Rapids and Chicago bonds, on the line from
Cedar Rapids to Manchester, la., 41.85 miles. On
July 20. 1900. the company mortgaged the Omaha
Division, 131.02 m., to secure the $5,000,000 Omaha
Division bonds of the Illinois Central RR. Co. Divi-
dends of 3 p. c. were paid for the year ending June
P.O. 1901. Stuyvesant Fish, Pres., New York N Y •
J. C. Welling. Vlce-Pres., Chicago. 111.; A. G. Hack-
staff, Sec.; E. T. H. Gibson, Treas., New York,
N. Y. ; J. F. Merry, Asst. Sec. & Asst. Treas.,
Dubuque, la. Office, Dubuque, la.
Hodgrenville and Elizabethtown Ry.—
Hodgenville to Elizabethtown, Ky., 11.1 m. ; total
track (steel; 50 Ibs.), 12.1 miles. Chartered April 8,
1884; opened In March, 1888. Locomotive, 1. Cars-
passenger, 2; freight (box, 3; flat, 4), 7— total. 9.
Operations, year ending June 30, 1898, resulted In
earnings of $1,179 In excess of operating expenses and
taxes; later information refused. Capital stock ($100
shares), $123.500; funded debt (1st 5s of Aug. 1,
1917). $150,000— total, $273.500. The Illinois Cen-l
tral RR. Co. owns $90.000 of the capital stock and
the entire Issue of bonds, with coupons due Aug.
1, 1889, and thereafter attached. Jacob Hubbard,
Pres., Hodgenville, Ky. ; M. Gllleas, Vlce-Pres.;
J. F. Titus, Treas.; C. F. Krebs, Sec. & Aud., Louis-
ville, Ky. Office, Louisville, Ky.
Troy and Tiptonville RR.— Moffat to Troy,
Tenu., 4.0 m. ; total track (steel; 50 and 56 Ibs.), 5.17
miles. Chartered Dee. 1. 1887; opened July, 1888.
Cars— passenger, 1; freight (box, 6; flat, 2), 8— total
cars, 9. For the year ending June 30, 1898, the road
failed by $2,514 to earn operating expenses and taxes;
later Information refused. Capital sto u ($100
shares), $46,000; funded debt (1st gold 6s of Feb.
1, 1908), $46,000— total. $92,000. The Illinois Cen-
tral RR. Co. owns $23.000 of the capital stock and
a majority of the bonds, with coupons due Sept. 1,
1888, and after attached. M. Gllleas, Pres., Mem-
phis, Tenn.; C. P. Wilson, Vice-Pres., Troy, Tenn.;
J. F. Titus, Treas.; C. F. Krebs, Sec., Louisville,
Ky. Office, Louisville. Ky.
Chicagro and Texas RR.— Johnson City to
East Cape Girardeau, 111., 73 m.; Mobile Junction to
Garrison Shaft, 1.7 m.; McClure to Gale, 111., 4.3
m.— total, 79 m.; total track (steel, 74.7 m.), 84.95
miles. Kail, 56 and 60 Ibs. Consolidation of the
Grand Tower and Carbondale, Grand Tower and Cape
Girardeau, and Chicago and Carbondale RRs. (See
Manual for 1899, page 339.) Leased to the Illinois
Central RR. Co. for 25 years from Oct. 1, 1897, at a
rental equivalent to the net earnings of the property.
Capital stock, $2,500,000; funded debt (1st 5s of April
1, 1933), $1,300,000 — total, $3,800,000. The Illinois
Central RR. Co. owns nearly all of the stock and
bonds. Stuyvesant Fish, Pres.; J. C. Welling, 1st
Vlce-Pres.; J. T. Harahan, 2d Vice-Pres.; W. G.
Bruen, Sec., Chicago, 111.; O. L. Garrison, Treas., St.
Louis, Mo. Office, Chicago, 111.
Dnbnqne and Sionx City RR.— Dubuque to
Sioux City, la., 326.58 m. ; Manchester to Cedar Falls,
la., 41.85 m. ; Cedar Falls June., la., to Lyle, Minn.
State Line, 75.97 m. ; Tara to Council Bluffs, la.,
131.02 m. ; Onawa, la., to Sioux Falls, S. D., 155.58
m. — total, 731 miles. Consolidation, In 1888, of
the Dubuque and Sioux City, Cedar Rapids and Chi-
cago, Iowa Falls and Sioux City, and Cherokee and
Dakota RR. Cos. The Cedar Falls and Minnesota
RR. was purchased at foreclosure sale, June 1, 1896,
and the Fort Dodge and Omaha RR., Tara to Coun-
cil Bluffs, la., 131.02 miles, was absorbed In 1900.
The property is leased to the Illinois Central RR. Co.,
until Aug. 1, 1951, at a rental equivalent to net
earnings after deducting interest on bonds and sink-
Ing fund charges. The operations are included In the
accounts of the lessee. Net rental, year ending June
30, 1901, $533,913. Balance Sheet, June 30, 1901.
— Capital stock ($100 shares), $10.999,600; funded
debt, $17.155.000; current liabilities, $159,658;
profit and loss, $100.993— total, $28,415.251. Contra:
Cost of road. etc.. $27.552.324 land contracts, $810;
stocks and bonds. $678.00(5; current assets, $184,111
—total, $28.415.251. The Illinois Central RR. Co.
owns $9,939.100 of the capital stock of the company.
The funded debt consists of $5,425,000 Western
Lines bonds of the Illinois Central RR. Co., and of
$3,100,000 Cherokee and Dakota RR. 1st mtge. bonds
and $830,000 Cedar Rapids and Chicago RR. 1st
mtge. bonds pledged as security for the Illinois Cen-
tral RR. Co.'* gold fours of 1952. Bonds outstanding
POOR'S MANUAL OF RAILROADS. 371
19. Board of Directors, Illinois Central Railroad Co., at constituted June 80, 1901.
His Excellency the Governor of Illinois, Ex-Officlo.
Till Oct., 1901.
H. K. Ayer.
\V:iltlitT Luttgen.
John \\ . Auchincloss.
nil Oct., 1908.
Charles M. Beach.
J. D. W. Cutting.
Till Oct., 1903.
Stuyvesant Fish.
Edward H. Harrlman
John Jacob Astor.
Till Oct., 1904.
Chas. A. Peabody.
John C. Welling.
W. Morton Grinnell.
J. T. Harahan.
STUYVESANT FISH, President Chicago, 111.
John C. Welling, Vice-President and Comptroller " . "
J. T. Harahau, 2d Vice-President " "
Sd Vlce-Pres. & Sec.— A. G. Hackstaff .New York, N. Y. | Treasurer— E. T. H. Gibson. New York, N. Y.
GENERAL OFFICE AND ADDRESS No. 1 Park Row, Chicago, 111.
Financial Agency No. 214 Broadway, New York, N. Y.
RAILROAD ACQUIRED BY THE ILLINOIS CENTRAL ER. Co., AFTER JUNE 30, 1901.
KENTUCKY WESTERN BY.— Dixon to Blackford, Ky., 19.1 m. ; total track (steel).
21.1 miles. Gauge, 4 ft. 8£ in. Chartered Sept. 16, 1899 ; road opened throughout in Jan.,
1901. The company was absorbed by the Illinois Central RR. Co. in 1901, and its funded
debt of $200,000 was retired and cancelled in Feb., 1902. The road penetrates an important
agricultural, coal, and timber district.
NEW YORK CENTRAL AND HUDSON RIVER RAILROAD SYSTEM.
The following railroads, domiciled in the Central Northern Group of States, are con-
trolled by the New York Central and Hudson River RR. Co., but operated separately by
their own organizations :
Cleveland, Cincinnati, Chicago and St. Louis System :
Lines Owned 1,683 . 99 m.
Proprietary Roads 120.75 m.
Joint Trackage 86.28 m.
Controlled Roads 396.08 m.— 2,287.10 miles.
Cincinnati Northern RR.:
Lines Owned 208 . 14 m.
Leased Lines 132.70 m.
Trackage Rights 61.85m.— 402.69 "
Indiana, Illinois and Iowa MR. :
Lines Owned 201 .68 in.
Leased Lines 39.43 m.
Trackage Rights 64.80m.— 305.91 "
Lake Erie and Western RR.:
Lines Owned 717.57 m.
Joint Trackage 7 . 43 m.
Northern Ohio Ry. (controlled) 162.00m.— 887.00 "
Lake Shore and Michigan Southern Ry.:
Lines Owned 860.53 m.
Proprietary Roads 231 . 33 m.
Leased Lines 319.30 m.— 1,411.16 "
New York, Chicago and St. Louis RR. :
Lines Owned . . 494.72 m.
Leased Lines 17.80m.
Joint Trackage 10.50m.— 523.02 "
Michigan Central Ry. :
Lines Owned 270.07 m.
Leased and Proprietary Lines 916. 37 m.
Lines Operated 457 . 30 m.
Joint Trackage 14 . 00 m.— 1,657 .74 "
Total 7,474 . 62 miles.
In addition to the 2,287.10 miles of railroad owned, leased, and controlled by the Cleve-
land, Cincinnati, Chicago and St. Louis Ry. Co., as shown in detail hereunder, that company
operates the Dayton and Union RR., 31.69 miles (not including 15.26 miles of trackage
rights hired of the Dayton and Western RR. Co.), which it owns jointly with the Cincinnati,
Hamilton and Dayton Ry. Co. (See GENERAL INDEX for Dayton and Union RR. Co.)
372 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
NEW TORE CENTRAL SYSTEM.— CLEVELAND, CINCINNATI, CHICAGO AND
ST. LOUIS RAILWAY COMPANY.
(For map of this system, see page 373.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 6 History 2 Operations & Income, 1895-1901.. 12
Current Liabilities 8 Income Account, June 30, 1901.. 4 Rolling Stock June 30, 1901 3
Directors and Officers 14 Income Account, 1895-1901 12 Rolling Stock, 18(.)5-1901 12
Earnings, Expenses, etc 4 Leased and Owned Lines, State- Securities Owned 10
Funded Debt, Details of 7 ments of 13 Subsidiary Roads, Cost of 9
Gen. Balance Sheet, June 30, 1901 5 Mileage and Equipment, 1895-1901 12 Subsidiary Roads. Statem'ls for. 13
Gen. Balance Sheet, 1895-1901 ... 12 Mileage Operated June 30, 1901 . . 1 Sundry Investments 11
1. Mileage of System, June 30, 1901.— -.4. LINES OWNED (total, 1,683.99 miles).
Cincinnati Division : Cleveland ma Columbus to Ludlow Grove, 0 254.78 miles.
St. Louis Division : Gallon, O., to East St. Louis, 111 464.45 "
Chicago Division, Southern Section : Cincinnati, O., to La Fayette, Ind 174.20 "
Chicago Division, Northern Section: Templeton, Ind., to Kankakee, 111 56.72 "
Cairo Division : Cairo to Tilton, 111 257.63 "
White Water Division : Hagerstowu, Ind., to Harrison, 0 62.36 "
Sandusky Division : Sandusky to Springfield, 0 131 .07 "
Michigan Division »• Benton Harbor, Mich. , to Rushville, Ind 203.68 "
Delaware Branch : Springfield to Delaware, O 49 . 00 "
Alton Branch : East Alton to Alton, 111 4. 20
Vincennes Branch : St. Francisville, 111. , to Vincennes, Ind 8.02 "
Lawrenceburg Branch : Lawrenceburg Junction to Lawrenceburg, Ind 2.54 "
Findlay Branch : Carey to Findlay, 0 15.34 "
B. PROPETETARY RAILROADS (total, 120.75 miles).
Columbus, Hope and Greensburg RR.: Columbus to Greensburg, Ind 26.21 "
F 'airland. Franklin and Martinsville RR.: Fairland to Martinsville, Ind 37.84 "
Cincinnati and Southern Ohio River RR.: Lawrence burg to Aurora, Ind 3.90 "
Harrison Branch RR.: Harrison to Valley Junction, 0 7.70 "
Vernon, Greensburg and RusJiville RR. : Rushville to Vernon, Ind 45. 10 "
C. TRACKAGE RIGHTS (total, 86.28 miles).
B. & 0. 8. W. RR.: North Vernon to Jeffersonville, Ind 52.91 "
B. & 0. 8. W. RR.: Ludlow Grove to Cincinnati, O 6.15 "
Wabash RR.: Tilton to Danville Junction, 111 2.86 "
Lake Erie and Western RR.: La Fayette to Templeton, Ind 18.44 "
Cleveland Union Depot : In Cleveland, O 0 . 25 "
Columbus Union Depot : In Col umbus, O 0 . 30 "
Indianapolis Union Depot : In Indianapolis, Ind 1 . 32 "
Cincinnati Union Depot : In Cincinnati, 0 0.41 "
Louisville and Nashville RR. : At Carmi, 111 0.54 "
Pennsylvania Company : At Vincennes, Ind 1 .25 "
Lake Erie and Western RR. : At Rushville, Ind 0. 25 "
P., C., C. & St. L. Ry.: At Dayton, O 1.60
Total length of lines operated as C., C., C. & St. L. Ry., June 30, 1901. . .1,891.02 miles.
D. CONTROLLED RAILROADS (total, 396.08 miles).
Kankakee and Seneca RR. : Kankakee to Seneca, 111 42 . 08 "
Mount Gilead Short Line RR. : Mount Gilead to Edison, O 2.00 "
Peoria and Eastern Ry.: Springfield, 0., to Pekin, 111 342.80
Trackage : Peoria and Pekin Union Ry. : Pekin to Peoria, 111 9.20 "
Total length of C., C., C. & St. L. Ry. System, June 30, 1901 .2,287.10 miles.
Gauge, 4 ft. 8£ in. Rail (steel), 67 to 80 Ibs.
Statement showing the mileage of tracks in the system on June 30, 1901 :
Main Double Side Total
Track. Track. Track. Track.
Lines Owned in Fee
Leased Lines
Trackage Rights
Miles.
1,683.99
120.75
86.28
Miles.
80.30
Milea.
7(56.13
51.06
MUtt.
2,530.42
171.81
86.28
Totals, C.. C., C. & St. L. Ry.
Kankakee and Seneca RR
Mount Gilead Short Line RR
Peoria and Eastern Ry
1,891.02
42.08
80.30
2.00
352.00
817.19
6.47
0.47
116.8S
2,788.51
48.55
2.47
468.83
Totals, Entire System ,
2,287.10
80.30
940.96
3,308.36
373
374 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Since Jan. 1, 1902, the Cincinnati Northern RR., 208.14 miles, has been operated by this
company, but its accounts are kept separate.
The operating accounts of the Kankakee and Seneca RR., Mount Gilead Short Line RR.,
and Peoria and Eastern Ry. are not included in this statement, but are given in the separate
statements for the companies named. The Eankakee and Seneca KM. is controlled l>y joint
ownership ; the Mount Gilead Short Line by lease ; the Peoria and Eastern Ry., by lease and
by ownership of a majority of its capital stock.
The company is also one-fourth owner of the Peoria and Pekin Union Ry., one-seventh
owner in the Terminal RR. Association of St. Louis, two-fifths owner of the Indianapolis
Union Ry., and joint owner of the Dayton and Union RR.
The Illinois Central RR. Co. hauls this company's trains from Kankakee into Chicago,
a distance of 56 miles, and receives a percentage of the business in payment for the service.
The Louisville and Jeffersonville Bridge property is owned jointly by this company and
the Chesapeake and Ohio Ry. Co., and $3,000,000 of 4 p. c. bonds secured upon it are guaran-
teed as to interest, one-third by the Chesapeake and Ohio and two-thirds by this company.
The tracks of the Baltimore and Ohio Southwestern RR. are used by this company beiween
North Vernon and Jeffersonville, Ind., 52.91 miles, to make a connection with the bridge for
Louisville.
2. History. — Consolidation, June 27, 1889, of the Cincinnati, Indianapolis, St. Louis and
Chicago, the Cleveland, Columbus, Cincinnati and Indianapolis, and the Indianapolis and St.
Louis Ry. Cos. In 1890 the company absorbed the Cincinnati, Sandusky and Cleveland Ry.,
the Columbus, Springfield and Cincinnati Ry., the Cairo, Vincennes and Chicago Ry., the St.
Louis, Alton and Terre Haute RR., the Cincinnati, Lafayette and Chicago RR., the White
Water RR., the Cincinnati and Springfield Ry., and the Cincinnati, Wabash and Michigan
Ry. (See MANUAL for 1898, page 201.)
3. Rolling1 Stock, June 30, 1901. — Locomotives (including 90 switching engines), 447.
Cars — passenger. 247 ; parlor, pay, and officers', 26 ; dining and cafe, 14 ; baggage, 76 ;
postal, 29 ; freight (box, 12,574 ; stock, 613 ; coal and flat, 4,579 ; refrigerator, 351 ; special,
525 ; caboose, 194), 18,836— total cars, 19,228.
4. General Income Account, year ending June 30, 1901.
Earnings— Passenger $4,979,051 84
Freight 11.640,002 55
Mail and Express 999,178 34
Rents 258,656 55
Total ($9,453.89 per mile) $17,877,489 28
Expenses— Maintenance of Way ......... i$2,263,379 24
Maintenance of Equipment .. 2,589,564 3!
Conducting Transportation... 6,520,3.'i7 s.'3
General Expenses ........... 76'J,4ii 4*
Total ($6,421 .24 per mile) ............ $12,142,693
Net earnings (32.08 p. c.), $5,734,796.02. Payments : Interest on funded debt,
$2,685,056 ; taxes, $612,944.58 ; rentals, $231,906.79 ; dividends on preferred stock, Nos. 43
to 46 (Oct. 20, 1900, Jan. 19, April 20, and July 20, 1901, 1J p. c. each), $500,000 ; on common
stock Nos. 11 and 12 (March 1, 1901, H P- c., $419,839.65, and Sept. 3, 1901, 2 p. c., $559,-
786.20), $979,625.85— total, $5,009,533.22. Surplus, $725,262.80, add credit balance, interest,
discount and exchange, $127,654.12 — total, $852,916.92. Deduct expenditures for double
track, Cleveland Division, $272,959.45; Anderson yard improvement, $103,644.71 ; 300 new
coal cars, $191,247.80— total, $567,851.96. Surplus for year, $285,064.96; surplus from
previous year, $1,122,643.20— total, $1,407,708.16.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $86,363,448 57
Cost of Subsidiary Roads (see Sec. 9) ... 6,915,023 33
Securities Owned (see Sec. 10) 3,391,365 10
Sundry Investments (see Sec. 11) 479,833 25
Materials and Supplies 621,804 06
Accounts Receivable 401,489 33
Traffic Balances, Due from Other Cos... 185,141 25
Due from Station Agents 240,004 44
Due from U. S. Government 181,258 9(5
Cash on Hand and in Banks 1,752,363 16
Total Assets $100,531,731 45
Common Stock ($100 shares) $27,989,310 00
Preferred Stock ($100 shares) 10,000,000 00
C., S. & C. Preferred Stock and Scrip.. 428,997 45
Funded Debt Outstanding 57,162,730 00
Dayton & Union RR. Co., Loan Acct... 112,500 00
Bills Payable 3,425 00
Current Liabilities (see Sec. 8) 3,341,154 14
Branch Lines, Operating Account 34,993 60
New Equipment Account 50,913 10
Profit and Loss 1,407,708 16
Total Liabilities $100,531,731 45
6. Capital Stock.— The amount authorized by the stockholders is as follows: For consolidation of
Cleveland, Columbus, Cincinnati and Indianapolis, Indianapolis and St. Louis and Cincinnati, Indian
St. Louis and Chicago Rys., as per agreement dated March 27, 1889, $20,500,000; authorized under resolution
of stockholders, July 7, 1890, for sale to holders of common stock, $4, 500,000; authorized under resolution of
stockholders, Oct. 29, 1890, for exchange of Cincinnati, Sandusky and Cleveland stock, $3,700,000— total,
$28,700,000. Capital stock issued: On account of consolidation, $20,500,000; on account of sale to stockholders,
$3,797,600; on account of exchange for Cincinnati, Sandusky and Cleveland RR, Co. stock, $3,691,710— total,
POOB'S MANUAL — NEW YORK CENTRAL SYSTEM. 375
127,989,310. Balance unissued, $710,690. The Cincinnati, Sandusky and Cleveland preferred stock and scrip
shown in the general balance sheet were assumed in purchase by this company. Preferred stock has priority
over common stock for dividends at the rate of 5 p. c. per annum, non-cumulative. For statement of dividends
paid since 1893, see General Index.
7. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $57,162,730, as per general
e sheet — consisted of the several issues of bonds, listed in the following statement. Additional
iars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
and (lie details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
iSi.hd List— see General Index:
(.'., L. & C. RR. 1st 7s of Sept. 1, 1901 $792,000
C.,l.,St.L. & C. 1st Con. 6s of May 1, 1920. 682,000
C., 1., St. L. & C. Gen. 1st 4s of Aug.1,1936. 7,684,000
0., ('., C. & I. 1st Con. 7s of June 1, 1914.. 4,138,000
C., C., C. & I. Gen. Con. 6s of Jan. 1, 1934. 3,205,000
I. & St. L. RR. 1st 7s of July 1, 1919 2,000,000
I. * St. L. Ry. 1st 6s of Nov. 1, 1912 500,000
C. & S. Ry. 2d 7s of Jan. 1, 1902 125,000
Cairo Div. 1st 4s of Jan. 1, 1939 $5,000,000
C., S. & C. RR. 1st Con. 5s of Jan. 1, 1928.. 2,571,000
C., S. & C. RR. 1st 7s of Sept. 1, 1901 78,000
Spr. & Col. Div. 1st 4s of Sept. 1, 1940.... 1,103,730
Wh., Wat. Vy. Div. 4s of July 1, 1940.... 650,000
St. L. Div. 1st Col. Tr. 4s of Nov. 1, 1990. . . 10,000,000
C., W. & M. Div. 1st 4s of July 1, 1991.. 4,000,000
General 4a of June 1, 1993 14,634,000
CINCINNATI, LAFAYETTE AND CHICAGO FIRST MORTGAGE GOLD BONDS.— Secured on the line from Templeton,
Ind., to Kankakee, 111., 56.72 miles. These bonds were retired at maturity, Sept. 1, 1901, by an issue of
gen. mtge. bonds.
CINCINNATI, INDIANAPOLIS, ST. Louis AND CHICAGO FIRST CONSOL. MORTGAGE BONDS. — Secured by first
mortgage on the line from Cincinnati, O., to Lafayette, Ind., 174.82 miles. There is a sinking fund of
1 p. c. a year which is applied to retirement of the bonds at 105 p. c. and accrued interest, bonds to be
drawn if not obtainable at that price.
CINCINNATI, INDIANAPOLIS, ST. Louis AND CHICAGO GENERAL FIRST MORTGAGE BONDS. — Secured by second
mortgage on the line from Cincinnati, O., to Lafayette, Ind., 174.82 miles, and additionally secured by
deposit in trust of the stocks and bonds owned of the Vernon, Greensburg and Rushville RR. Co., Columbus,
Hope and Greensburg RR. Co., Cincinnati, Lafayette and Chicago RR. Co., Fairland, Franklin, and
Martinsville RR. Co., Harrison Branch RR. Co., and Kankakee and Seneca RR. Co., and of the 100-yr. con-
tract for use of the Illinois Central tracks from Kankakee to Chicago. There is a sinking fund provision
under which 1 p. c. of outstanding bonds may be purchased yearly on Nov. 1 or five days thereafter, at
the price of not exceeding 102J p. c. and accrued interest, the fund to lapse in any year when bonds cannot
be purchased at the price named.
CLEVELAND, COLUMBUS, CINCINNATI AND INDIANAPOLIS FIRST CONSOL. MORTGAGE GOLD BONDS. — Secured by
first mortgage on the lines from Cleveland to Columbus, O., 137.75 m.; Galion, O., to Indianapolis, Ind.,
203.22 m., and Springfield to Delaware, O., 48.91 m. ; a total of 389.88 miles. The sinking fund provision
of these bonds is inoperative, as there are no trustees. (See Manual for 1899, page 312.)
CLEVELAND, COLUMBVS, CINCINNATI AND INDIANAPOLIS GENERAL CONSOL. MORTGAGE GOLD BONDS. — Secured
by second mortgage on the 389.88 miles of road mentioned in the preceding paragraph.
INDIANAPOLIS AND ST. Louis RR. FIRST MORTGAGE GOLD BONDS. — Secured by first mortgage on the line
from Indianapolis to Terre Haute, Ind., 72 miles.
INDIANAPOLIS AND ST. Louis RY. FIRST MORTGAGE GOLD BONDS. — Secured by first mortgage on the line
from Indianapolis to Terre Haute, Ind., 72 miles.
CINCINNATI AND SPRINGFIELD SECOND MORTGAGE BONDS. — Secured by second mortgage on the line from
Ludlow Grove to Dayton, O., 48.05 miles. These bonds were retired at maturity, Jan. 1, 1902, by an
issue of gen. mtge. bonds.
CAIRO DIVISION FIRST MORTGAGE GOLD BONDS. — Secured on the line from Cairo to Tilton 111., 258.17
miles, arid on the branch from St. Francisville, 111., to Vincennes, Ind., 9.27 miles.
CINCINNATI, SANDUSKV AND CLEVELAND FIRST CONSOL. MORTGAGE GOLD BONDS. — Secured by first mortgage
on the line from Sandusky to Dayton, 0., 154.42 miles, and on the branch from Carey to Findlay, O.,
15.34 miles.
COLUMBUS, SPRINGFIELD AND CINCINNATI FIRST MORTGAGE BONDS. — Secured by first mortgage on the line
from Columbus to Springfield, O., 45 miles. These bonds were retired at maturity, Sept. 1, 1901 by an issue
of gen. mtge. bonds.
SPRINGFIELD AND COLUMBUS DIVISION FIRST MORTGAGE GOLD BONDS. — Secured by mortgage on the line
from Columbus to Springfield O., 45 miles, subject to the lien of the Columbus, Springfield and Cincinnati
RR. first mortgage.
WHITE WATER VALLEY DIVISION FIRST MORTGAGE GOLD BONDS. — Secured by purchase money mortgage on
the line from Harrison, O., to Hagerstown, Ind., 62.77 miles.
ST. Louis DIVISION COLLATERAL TRUST GOLD BONDS. — Secured by deposit in trust of the $10,000,000 4
p. c. 100-yr. bond of the Cairo, Vincennes and Chicago Ry. Co., which is secured by purchase money
mortgage on the line from Terre Haute, Ind., to East St. Louis, 111., and branch to Alton, 111., together
abott 194 miles in length. There is a sinking fund provision under which $250,000 of the bonds were
deposited in trust, the interest thereon to be invested in further amounts of the bonds at a price not
exceeding 105 p. c. and accrued interest, and any bonds thus purchased to go to increase the sinking
fiuid. Whenever the bonds cannot be purchased at the price mentioned the interest on bonds in the
sinking fund reverts to the company. On June 30, 1901, the sinking fund investment amounted to $386,394.21.
CINCINNATI, WABASH AND MICHIGAN DIVISION FIRST MORTGAGE GOLD BONDS. — Secured by first mortgage on
the line from Rushville, Ind., to Benton Harbor, Mich., 204.40 miles, and on the real estate, equipment, etc.,
appurtenant to that division. The bonds are for $1,000 each, in coupon form, with privilege of registration
as to principal. Interest payable Jan. 1 and July 1, at the office of J. P. Morgan & Co., New York, N. Y.
Principal and interest payable in gold. Trustee: United States Trust Co., New York, N. Y.
GENERAL MORTGAGE GOLD BONDS. — Secured on the entire property of the company (exclusive of the
Cairo, Peoria and Michigan Divisions and the section of the St. Louis Division west of Terre Haute),
whether now owned or acquired hereafter by use of bonds secured by the same mortgage. The authorized
issue is $50,000,000, of which a sufficient amount is reserved for the retirement of prior liens and the balance
is to be issued at not exceeding the rate of $1,000,000 a year for new construction, equipment, and double
track. The amount of these bonds outstanding on March 1, 1902, was $15,650,000, there having been issued
since June 30, 1901, $1,016,000 of them for the redemption .of underlying bonds.
8. Current Liabilities.— These consisted of $399,071.31 of interest accrued but not due, $746,-
387.97 of bills audited, $639,366.62 of pay rolls for month of June, $395,526.52 of traffic balances due to other
companies, $33,000 of bonds drawn for redemption and unredeemed, $432,742.50 of coupons unpaid, and
$695,059.22 of dividends unpaid.
9. Cost of Subsidiary Roads.— C., L. & C. RR., $1,589,417.05; C., H. & G. RR., $321,675.57;
V., G. & R. RR., $676,224.07; Harrison Branch RR., $200,000: F., F. & M. RR.. $60,000; 0. & S. Ry..
$3,543,826.69; Findlay Belt Ry., $86,879.95; K. & S. Ry., $447,000.
376 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
1O. Securities Owned — Muncie Belt R
11. Sundry Investments.— Sinking fund St. L., A. & T. H. 1st coll. trust mtge. bonds, $386,-
394.21; Sloane Property, Sandusky, O., $10,000; fast freight lines, etc., working capital, $25,698.97; advances
to L. & J. Bridge Co., $57,740.07.
19. Statement showing operations, capital accounts, etc., for seven years ending June 30:
1895
1896
1897
1898
1899
1900
1901
Miles RR. Oper. (Aver.).
Locomotives
1,852.14
455
270
97
13,473
4,843,675
6,057,790
1,838.11
459
270
98
13,105
4,822,276
5,555,359
1,838.11
459
272
95
12,453
4,922,582
5,442,063
1,838.11
467
278
102
13,311
4,808,764
6,092,784
1,838.11
457
279
102
13,479
4,731.996
5,587,945
1,891.02
447
278
106
15,666
4,837,933
5,570,516
1,891.02
447
287
105
18,836
5,207,002
5,741,384
Passenger Cars
Baggage, Mail, etc., Cars
Freight and Other Cars. .
Passenger Train Miles . .
Freight Train Miles
Total Rev. Tr. Miles.
Passengers Carried
Passenger Mileage
11,024,573
5,343,814
184,186,073
8,625,073
1,349,581,562
$
3,785,410
8,783,930
1,055,688
10,377,635
5,578,048
204,940.898
8,598,881
1,358,155,342
$
4,035,326
8.576,700
1,092,509
10,364,645
4,937,250
186,657,170
8,223,347
1,343,484,916
$
3,605,193
8,254,873
1,197,045
10,901,548
5,093,978
200,998.657
9,630,159
1,696,221,146
S
3,850,126
9,237,507
1,232,461
10,319,941
5,360,457
230,596,748
10,043,126
1,704,824,779
$
4,245,036
9,226,534
1,247,793
10,408,449
5,792,421
240,099,226
11,006,304
1,863,586,488
S
4,653,224
10,867,502
1,286,125
10,948,386
5,542,088
259,259,134
11,098,315
1,909,086,366
4,979,652
11,640,002
1,257,835
Freight (tons) Moved . . .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Gross Earnings
Operating Expenses. . . .
Net Earnings
13,625,028
9,714,795
13,704,535
9,711,594
13,117,111
9,285,008
14,320,094
10,370,250
14,719,363
10,066,453
16,806,851
11,166,574
17,877,-189
12,142.(iU3
3,910,233
539.274
2,642,159
(5) 500,000
202,547
S. 26,254
7,356 37
5,245 17
2,111 20
71. 38 p. c.
2.055 c.
0.651 c.
S
38,416,832
53,056,3HO
4.359,597
171,440
3,992,941
582,109
2,639,863
(5) 500.000
204,647
S. 66,322
7,455 77
5,283 47
2,172 30
70.86 p. c.
1.959 c.
0.631 c.
S
38,41(5,332
54,037.380
5,335.365
245,554
3,832,103
579,660
2,687,049
(3f) 375,000
196.877
D. 6,479
7,136 19
5,051 39
2,084 77
70. 78 p. c.
1.964 c.
0.614 c.
S
38,416,832
55,183,880
2.979,363
198.862
3,949,844
598,118
2,708,691
(3|) 375,000
196,333
S. 71,702
7,790 66
5,641 80
2,148 86
72. 42 p. c.
1.915 c.
0.545 C.
$
38,416,832
56,154,880
3,301,180
305,752
4,652,910
579,102
2,672,544
(5) 500,000
201,166
S. 700,098
8,00788
5,476 52
2,531 36
68.39 p. c.
1.841c.
0.541c.
S
38,416,833
56,226,730
5.600,745
' 1,029,443
5,640,277
582.0W
2,661,441
* 1,339,840
205,097
S. 851,209
8,887 72
5,905 05
2,982 67
66.44 p. c.
1.938C.
0.583 c.
S
38,418,307
57,269.730
4,318,146
1,122,643
5,734,796
2,685,056
1 1,479. C-J8
231.906
S. 725,263
9,453 89
6,421 24
3,032 65
67. 92 p. c.
1.921 c.
0.610C.
S
38,418.307
57,275,230
3,430,4H6
1,407,708
Taxes
Payments— Int. on Bond.*
Dividends
Rentals
Surplus or Deficit
Gross Earnings per Mile
Operating Exp. per Mile.
Net Earnings per Mile . .
Expenses to Earnings. . .
Aver. Rate p. Pass. p. M.
Aver. Rate p. Ton p. M..
Capital Stock . . ,
Funded Debt
Floating Debt
Profit and Loss
Total Liabilities ....
Road and Equipment . . .
General Supplies
96,003,749
85,381,784
499,748
8,688,247
657,228
776,742
98,034,631
85,660,868
398,222
9,856,165
1,001.460
1,117,916
96,778,937
86,161,368
390.813
8,973,915
413,100
839,741
98,178,644
86,161,368
313,092
9,972,746
834,500
896,958
101,273,750
86,205,748
283,872
12,547,832
644,969
1,591,329
101,128,826
86,408,449
838,825
11,326.484
954,677
1,600,391
100,531,731
86,363,449
601,804
10,7H6,-,'v.'2
1,007,894
1,752,363
Other Capital Assets
Current Assets
Cash
Total Assets
96,003,749
98,034,631
96,778,937
98,178,644
101,273,750
101,128,826
100,531,731
h On preferred, 5 p. c. ; on common, 3 p. c. t On preferred, 6 p. c. ; on common, 3i p. c.
13. RAILROADS LEASED OR OWNED BY THE C., C., C. & ST. L. RY. Co.
Columbia, Hope and Greensbtirjj; RR.—
Columbus to Greensburg, Ind., 26.21 m.; total track
(steel, 10 m.), 30.85 miles. Hoad Imilt in 1883;
opened May 10, 1884. Capital stock. $250,000; funded
debt (1st 6s of Oct. 1, 1912). $275.000; advances by
C., C., C. & St. L. Ry. Co.. $31,400.57— total, $556,-
400.57. Contra: Cost of road, etc., $525,000; deficit
advanced by C., C., C. & St. L. Hy. Co., $31.400.57.
All of the bonds and 61.1 p. c. of the stock are
owned by the lessee. M. E. Ingalls, Pres. ; J. C.
Davle, Sec.; F. D. Comstock, Treas. Office, Cin-
cinnati, O.
Fairland, Franklin and Mart i iixvill*-
RR.— Falrland to Martinsville, Ind., 37.84 m.;
total track (steel, 6.50 m.), 41.77 miles. Successor
In 1876 to the Cln. & Mart. RR. Co. Leased to the
C., C.. C. & St. L. Ry. Co.; rental, net earnings.
Capital stock (all owned by the lessee). $50,000 in
$25 shares. M. E. Ingalls. Pres.: J. C. Davle, Sec.;
F. D. Comstock, Treas. Office, Cincinnati, O.
Harrison Branch RR.— Valley June, to Har-
rison, O., 7.70 m.; total track (steel), 8.79 miles.
Built in 1864. Leased in perpetuity to the C., C., C.
& St. L. Ry. Co., at a rental of 7 p. c. on $200.000
stock, all owned by the lessee. M. E. Ingalls, Pres.;
E. F. Osborn, Sec. & Treas., Cincinnati, O.
Veriion. Greensburgf and Riinlivlllc
RR.— Vernon to Rushvllle. Ind.. 45.10 in.; total
track (steel; 56 IDS.), 53.41 miles. Chartered July
10, 1879; opened in July. 1881. Operated by tho C.,
C., C. & St. L. Ry. Co., which owns all of tho bonds
and 70.2 p. c. of the capital stock. Capital stock,
$500,000: funded debt (1st 7s of May 1. 102<>>. $450,-
000; floating debt O-dvnnoes by lessee!. $188,703.42
— totnl. $1.138.703.42. Contra: Cost of road. $950.000;
deficit (advanced by C.. C.. 0. & St. L. Ry. Co.),
$188.703.42. M. E. Ingalls. Pres.: J. C. Davie, Sec.;
F. D. Comstock, Treas. Office, Cincinnati. O.
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM. 377
14. Board of Directors, C., C., 0. & St. L. Ry. Co., as constituted October 31, 1901.
Till Oct., 1902.
Walter P. Bliss.... New York, N. Y.
James D. Layng. . . "
H. McK. Twombly. "
F. W. Vauderbilt. . " "
Till Oct., 1903.
W. K. Vanderbilt..New York, N. Y.
C. M. Depew
J. P. Morgan "
M. E. Ingalls Cincinnati, O.
Till Oct., 1904.
Jas. Barnett Clereland, O.
Alex. McDonald Cincinnati, O.
W. H. Newman. . . .New York, N. Y.
MELVILLE E. INGALLS, President Cincinnati, 0.
J. D. Layng, Vice- President New York, N. Y.
Secretary— E. F. Osborn Cincinnati, O. General Manager— C. E. Schaft Cincinnati, O.
Treasurer— Charles F. Cox New York, N. Y. Auditor— P. A. Hewitt
PRINCIPAL OFFICE AND ADDKESS Cincinnati, O.
NEW TORE CENTRAL SYSTEM.— Railroads Leased or Operated by tho O., O.,
O. & St. L. Ry. Co., but Operations Reported Separately.
KANKAKEE AND SENECA RR.— Kankakee, 111., to Seneca, 111., 42.08 m.; total track
(steel, 25.58 m.), 49.11 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs. Chartered Feb. 22, 1881;
road opened in Jan., 1882. Owned jointly by the C., C., C. & St. L. and Chicago, Rock Island
and Pacific Ry. Cos.
Operations, year ending June 30, 1901.— Train mileage— passenger, 67; freight, 16,246;
mixed, 52,492 — total, 68,805 miles. Passengers carried, 24,025; carried one mile, 404,612;
average mile rate, 2.73 cents. Tons freight moved, 561,334; moved one mile, 15,394,178;
average ton-mile rate, 0.50 cent. Earnings— passenger, $11,058.31 ; freight, $76,161.90 ;
mail and express, $4,479.85; rents, $3,983.64— total, $95,683.70. Expenses— transportation,
$38,346.90 ; rolling stock, $10.189.35 ; maintenance of way, $33,417.60 ; general, $2,743.21
—total $84,697.06. Net earnings, $10,986.04. Deductions: Interest on bonds, $39,000;
other interest, $3,799.26; taxes, $7,381.75— total, $50,181.01. Deficit, $39,194.37; deficit
forward, $648,548.30— total, $687,742.67.
General Balance Sheet, June 30, 1901.— Capital stock ($50 shares), $10,000 ; funded
debt (1st 6s of July 1, 1922), $650,000; interest unpaid. $741,000— total, $1,401,000. Contra:
Cost of road, $682,228.87; current assets, $31,028.46; profit and loss, $687,742.67— total,
$1,401,000.
Directors.— M. E. Ingalls, E. F. Osborn, Cincinnati, 0.; R. R. Cable, W. G. Purdy,
Chicago, 111.; T. P. Bonfield, Kankakee, 111. OFFICERS: T. P. BONFIELD, Pres., Kankakee,
111.; J. C. Davie, Sec.; F. D. Comstock, Trcas., Cincinnati, O. PKINCIPAL OFFICE AND
ADDRESS, Cincinnati, O.
MOUNT GILEAD SHORT LINE RR.— Mt. Gilead to Edison, O., 2 m.; total track
(steel, 2 m.), 2.47 miles. Gauge, 4 ft. 8£ in. Rail, 56 Ibs. Completed and opened May 3,
1880. Leased to the C., C., C. & St. L. Ry. Co. for 20 years from April 15, 1880, renewable
for one, two, or three like terms, but not to exceed in the aggregate 99 years, at a rental
equivalent to one-third of net earnings. The road is owned by the corporation of Mt. Gilead.
Operations, year ending June 30, 1901. — Trains run (mixed), 20,404 miles. Passengers
carried, 25,259; carried one mile, 50,518. Tons freight moved, 11,044; moved one mile,
22.088. Earnings— passenger, $25,259; freight, $1,858.44; other, $227.76— total, $4,360.27.
Operating expenses, $3,756.05 ; taxes, $258.48— total, $4,014.53. Surplus, $345.74 ; deficit
forward, $19,376.40; net deficit, $19,030.66, advanced by C., C., C. & St. L. Ry. Co.
Trustees. — J. H. POLLOCK, Pres.; N. G. Beebe, Sec.; M. B. Talmadge, R. B. Levering,
W. M. Carlisle, Mt. Gilead, O.
PEORIA AND EASTERN RY.— Pekin, 111., to Indianapolis, Ind., 202.15 m.; Spring-
field, 0., to Indianapolis, Ind., 139.24 m.— total, 341.39 m.; total track (steel, 341.39 m.),
458.22 miles. Gauge, 4 ft. 8| in. Rail, 80 Ibs. The company has trackage rights over the
Peoria and Pekin Union Ry., from Pekin to Peoria, II]., 9.02 miles, making a total of 850.41
miles operated. Reorganization, Feb. 22, 1890, of the Ohio, Indiana and Western Ry. Co.
(See MANUAL for 1898, page 418.) Leased till April 1, 1940, to the C., C., C. & St. L. Ry. Co.,
but operations reported separately. The lessee owns a majority of the capital stock.
Rolling Stock, June 30, 1901. — Locomotives, 65. Cars— passenger, 32; baggage, 13;
postal, 3; freight (box, 1,480; coal and flat, 188; caboose, 39), 1,707; service, 197 — total cars,
1,904.
Operations, year ending June 30, 1901. — Train mileage — passenger, 758,096 ; freight,
821,524 ; other, 5,697 — total, 1,585,317 miles. Passengers carried, 753,969; carried one mile,
28,014,441; average mile rate, 2.176 cents. Tons freight moved, 1,750,417; moved one mile,
253,315,704 tons ; average ton-mile rate, O.G96 cent. Earnings — passenger, $609,550.81 ;
freight, $1,763,419.75; mail and express, $110,491.29; other, $4,841.71— total, $2,488,308.56.
Operating expenses, $1,583,969.52. Net earnings, $904,334.04. Payments : Interest on
bonds, $404,075 ; on debt, $12,784.64 ; taxes, $82,384.45— total, $499,244.09. Surplus,
$405,089.95 ; deficit forward ($556,228.01, less $527,557.46 sale of securities from old reor-
ganization committee), $28,670.55; net surplus, $376,419.
378 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
General Balance Sheet, June 30, 1901.— Capital stock, $10,000,000; funded debt,
$13,985,200; profit and loss, $376,419.40— total, $24,361,619.40. Contra: Cost of road etc
$24,000,000; P. & P. U. stock, $250,000; P. & E. income bonds, $108,000— total. $'24,361,619.40.
Funded debt, June 30, 1901, consisted of $985,200 I., B. & W. preferred 1st 4s (extended) of April 1,
1940; $500,000 O., I. & W. preferred 1st gold 5s of April 1, 1938; $8,500,000 consol. 1st 4s of April 1, 1940,
and $4,000,000 consol. 2d income 4s of April 1, 1990. The C., C., C. & St. L. Ry. Co. guarantees the pay-
ment of interest on all of the bonds except the incomes. The I., B. & W. preferred Ists are a first lien on
the line from Pekin, 111., to Indianapolis, Ind. The O., I. & W. preferred Ists are a first lien on the line
from Indianapolis, Ind., to Springfield, O., and a second lien on the line from Pekin to Indianapolis. The,
consols are secured on the entire property of the company, but subject to the liens of the two divisional
mortgages They are further secured by an assignment to the trustees of a §5,000,000 purchase-money
lien on the line between Indianapolis, Ind., and Springfield, O., by an agreement dated March 25,
1890, between the Peoria and Eastern Ry. Co., the C., C., C. & St. L. Ry. Co., and the trustee of
the mortgage. It is agreed that in case of default under any of the mortgages the purchase-money lien
may, at the option of the trustee, at once become due and payable, and may either be sold as a part
of the mortgage premises or the trustee may proceed to foreclose the property in respect to which the lien
•was declared and reserved. Additional particulars respecting the funded debt will be found in the Readv
Reference Bond List — see General Index.
Directors.— M. E. Ingalls, Cincinnati, O. ; J. C. Tucker, Chicago, 111.; John A. Glover.
Urbana, 111.; E. F. Osborn, Cincinnati, O.; T. P. Bonfield, Kankakee, 111. OFFICERS: M. E
INGALLS, Pres.; J. C. Davie, Sec.; F. D. Comstock, Treat., Cincinnati, 0. PRINCIPAL OF-
FICE AND ADDRESS, Cincinnati, 0.
CINCINNATI NORTHERN RR.— Franklin June., O., to Jackson, Mich., 205.18 m.,
Lewisburg to Quarries, 1.12 m. ; Germautown, O., to Distillery, 1.84 m. — total, 208.14 miles.
Leased: D., T. & M. RR., Dundee to Allegan, Mich.. 132.7 mile's. Trackage: Ann Arbor RR. ,
Dundee, Mich., to Toledo, O., 22.4 m.; L. S. & M. S. Ry., Jackson, Mich., Terminal, 1.04 m.
C., C., C. & St. L. Ry., Franklin June, to Cincinnati, O., 38.41 m.— total, 61.85 miles. Total
length operated, 402.69 miles. Gauge, 4 ft. 8£ in. Organized in June, 1897, to take over
and operate the Ohio Division of the Cincinnati, Jackson and Mackinaw Ry., being the line
from Franklin, O. , to Addison Junction, Mich., 187.53 m., and branches, 2.96 miles The
company took possession of that property about Aug. 1, 1897, and also became the owner of
the Jackson and Cincinnati RR., extending from Addison Junction to Jackson, Mich., 17.65
m. , besides acquiring valuable terminals in Cincinnati. The Detroit, Toledo and Milwaukee
RR., formerly the Michigan Division of the Cincinnati, Jackson and Mackinaw Ry., was trans-
ferred under lease to this company on Feb. 1, 1899. The Ann Arbor trackage is used in
connection with that line. Previous to March 17, 1901, the company had trackage arrange-
ments with various lines between Franklin June, and Cincinnati, O. (see MANUAL for 1900,
gage 328), but since that date traffic arrangements have been made solely with the C., C., C. &
t. L. Ry. betw3en those points. Locomotives, 22. Cars — passenger 14; baggage, etc., 8;
freight (box, 914; flat, 130; stock, 10; coal, 57; caboose, 9), 1,120; other, 8— total, 1,150.
Operations, year ending June 30, 1901 (256.62 in.). — Earnings (passenger, $160,855; freight,
$440,386 ; other, $41,539), $642,780. Operating expenses, $587,907. Net earnings, $54,873.
Deductions, $57,640. Deficit, $2,767.
Since Jan. 1, 1902, the Cincinnati Northern RR. has been operated by the C., C., C. &
St. L. Ry. Co., and the Detroit, Toledo and Milwaukee RR. by the L. S. & M. S. Ry. Co.,
but their accounts are kept separate from those of the operating companies.
General Balance Sheet, June 30, 1901.— Capital stock ($2,610,000 common; $4,190,000
preferred; $100 shares), $6,800,000; funded debt, $2,500,000; current liabilities, $183,517;
other liabilities, $192, (528; profit and loss, $46,378— total, $9,722,521. Contra: Cost of road
and equipment, $7,848,196; stocks owned, $500,000; other investments, $1,000,000; cash and
current assets, $126,540; materials, etc., $29,950; sundries, $217,835— total, $9,722,521.
Reorganization of Finances. — In Jan., 1902, the capital stock was reduced to $3,000.000,
all in common shares, and the funded debt was replaced with an issue of $3,000,000 1st gold
4s of Oct. 1, 1951, of which $1,000,000 have been issued and $2,000,000 reserved for future
improvements and betterments.
DETROIT, TOLEDO AND MILWAUKEE RE.
—Dundee to Allegan, Mich., 132.7 milos. Gauge, 4 ft.
81 in. Organized in June, 1897, to take over and
operate the Michigan Division of the Cincinnati,
Jackson and Mackinaw Ry. (see Manual for 1897,
page 87). The company took possession of the prop-
erty on July 1, 1897. Leased to the Cincinnati
Northern UK. Co., Feb. 1. 1899; operated by the
L. S. & M. S. Ry. Co. since Jan. 1, 1902. Loco-
motives, 12. Cars — passenger, 5; baggage, 3; freight
(box, 71; flat, 74; stock, 6; coal, 36; caboose, 7),
194; other. 2 — total cars, 204. Income account,
June 30, 1900 (155.10 m.).— Earnings (passenger, $56,-
006; freight, $193,101; oth«r, f 16, 705), $266,812.
Directors (C. N. RR, Co.).— M. E. Ingalls, Cincinnati, O.; F. W. Whitridge, Samuel
Thomas, New York, N. T.; J. B. Flanders, Toledo, O. OFFICERS: M. E. INGALLB, Pres.;
C. E. Schaff, Vice-Pret.; E. F. Osborn, Sec., Cincinnati, O.; Chas. F. Cox, Treat., New
York, N. Y. ; P. A. Hewitt, Aud., Cincinnati, O. GENERAL OFFICE, Toledo, O.
Operating expenses, $259,090. Net earnings, $6,722.
Deductions, $6.904. Deficit, $182. Capital stock. $1,-
500,000; funded debt (see General Index), $1,500,000
—total, $3,000,000. All the securities have been de-
livered in bulk to the C., J. & M. Reorganization
Committee, and have not been distributed by them.
In March, 1898, a mortgage was filed in favor of the
Central Trust Co. of New York to secure $3,150,000
of 5 p. c. 1st mtge. bonds. M. E. Ingalls, Pres. :
C. E. Schaff, Vlce-Pres. ; E. F. Osborn, Sec., Cincin-
nati, O.; Chas. F. Cox, Treas., New York. N. Y. ;
H. A. Keller, Aud., Toledo, O. General Office,
Toledo, O.
POOR'S MANUAL— NEW YORK CENTRAL SYSTEM.
379
NEW YORK CENTRAL SYSTEM.— THE INDIANA. ILLINOIS AND IOWA RAIL-
ROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Account, Gross and Net
Revenues, etc., 1894-1901 5
( '[ipital Stock 7
Directors and Officers. . 10
Earnings, Expenses, etc., 1901. .. 4
Earnings, Exp., etc., 1894-1901 ...
Funded Debt, Details of .........
General Balance Sheet, June 30,
1901 ........................... 6
History ......................... 2
Leased Line, Statement of 9
Mileage Operated, June 30, 1901.. 1
Mileage Operated, 1894-1901 5
Operation?, June 30, 1901 4
Rolling Stock 3
1. Main Line Owned.— South Bend, Ind., to Seatonville, 111 192.13 miles.
Branches Owned: Bradley, 1.35; Cardiff, 4.16; DePue, 1.23; Churchill, 2.81... 9.55
LEASED LINE: St. Joseph, 8. Bend and Southern RR. (see appended statement.). .39.43 "
TRACKAGE j Chicago, Turlington and Quincy RR.: Ladd Junction to Fulton, 111. 62.86 "
RIGHTS: ( DePue, Ladd and Eastern RR.: Seatonville to Ladd Junction, 111. . 1.94 "
Total mileage operated (owned, 201.68 m.), June 30, 1901 305.91 miles.
Average mileage operated during fiscal year 265.76 "
Sidings, etc. (owned, 66.35 m. ; leased, 7.90 m.), 74.25 miles. Gauge, 4 ft. 8£ in. Rail — iron,
60 Ibs.; steel (owned, 264.58 m.; leased, 41.42 m.; total, 306.0 m.), 60 to 75 Ibs.
2. History. — Consolidation, Sept. 15, 1898, of the Indiana, Illinois and Iowa RR. Co. with
ihe Indiana, Illinois and Iowa Ry. Co. of the State of Indiana (see MANUAL for 1898, page
114). An extension from Streator to Seatonville, 111, 40.35 miles, was put in operation on
Nov. 1, 1900, and at the same time trackage rights were secured in the C., B. & Q. RR. and
in the DePue, Ladd and Eastern RR., from Seatonville to Fulton, 111., a distance of 64.8
miles. The through line was put in operation Jan. 6, 1901 (see MANUAL for 1901, page 264).
The St. Joseph, South Bend and Southern RR. is leased for 50 years from March 1, 1900.
The Lake Shore and Michigan Southern Ry. Co. owns $4,450,000 of the $5,000,000 capital
stock of this company.
3. Rolling Stock, June 30, 1901. — Locomotives, 37. Cars — passenger, 10 ; baggage,
mail, and express, 6 ; freight (box, 445 ; flat, 125 ; coal, 742), 1,312 ; service, 28 — total cars,
1,356. Of this equipment, 4 locomotives, 1 passenger, 1 baggage etc., 104 box, and 14 flat
cars were leased, and 232 box cars were held under the car trust.
4. Operations, year ending June 30, 1901. — Train mileage — passenger, 285,403; freight,
603,574 ; other, 42,985 — total, 931,962 miles. Passengers carried, 214,654 ; carried one mile,
6,426.685 ; average mile rate, 1.62 cents. Tons freight moved, 1,685,778; moved one mile,
184,318,145; average ton-mile rate, 0.68 cent.
Earnings— Passenger $104,377 30
Freight 1,258,351 55
Mail and Express 21 ,250 38
Miscellaneous 35,137 29
Expenses— Maintenance Way & Structures. $158,458 83
Maintenance of Equipment ..... 95,634 93
Conducting Transportation ..... 552,577 49
General Expenses ............... 53,163 72
Total ($5,339.84 per mile) .............. $1,419,116.52 Total ($3,235.38 per mile) ............... $859,834 97
Net earnings (39.41 p. c.), $559,281.55; other receipts, $2,862.19— total, $562,143.74.
Payments : Interest on bonds, $162,500; on debt, $14,266.65 ; taxes, $49,070.93 ; rentals (C.,
B. & Q. RR., $14,015.08; C., C., C. & St. L. Ry., $1,505.22; St. J., S. B. & S. RR., $23,358.22),
$38,878.52 ; dividends (4 p. c.), $200,000— total, $464,716.10. Surplus, $97,427.64 ; surplus
forward, $453,614.71 ; miscellaneous additions, $2,368.46— total, $553,410.81.
5. Capital stock, bonded debt, gross and net revenues, etc., for eight years ending June 30:
Year Capital Bonded
• Stock. Debt.
1894.
RR. Gross ExDenses Net Interest Divi- Total Ba]ance
Oper- Earn- ^m!^.!.8 Earn- pfJd dends Pay- Snips'
ated. ings. & Taxes- ings. PaicL Paid, merits. SurPlus-
loa*.
1895.
. O,O»(,OW
..8,597,800
1896.
..3,597,800
1897.
. 3,597,800
1898
3,597.800
1899.
...3,697,800
1900.
..5,000,000
1901.
..5,000,000
1,398.718
5,223,967
209.02
752,950
633,777
119,178
50,300
76,956
42,217
1,884.368
5,802,127
211.93
739,618
587,201
152,417
63,842
77,176
75,241
1,856,661
5,891,805
158.61
786,131
583,976
202,155
75,300
76,440
125,715
1,832,741
5,970,520
155.44
738,289
575,846
162,448
75,300
75,764
86,679
1,807,410
5,983,387
189.38
820,384
600,454
219,930
75,300
79,330
140,600
2.500,000
6,377,207
189.38
902,305
608,966
293,339
112,575
116,907
176,432
3,000,000
8,745,976
234.89
1,226.150
800,733
425,417
151,540
200,000 363,622
61,795
4,500,000
10,001,641
265.7R
1,419,117
908,906
513,073
176,766
200,000 415,645
97,428
380 POOR'S jlANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
6. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $0,946,622 92
Lands Owned.
St. J., S. B. & So. RR. Improvements...
Benton Harbor Extension
Stock Owned
Materials and Supplies
Current Accounts.
31,599 56
3,167 95
17,750 43
2,500 00
91,709 11
286,454 62
Cash on Hand 113,314 27
Total Assets $10,493,118 86
Capital Stock Paid in ($100 shares) $6,000,000 00
Funded Debt Outstanding (see below).. 4,500,000 00
Current Liabilities 426,48857
Taxes Accrued 13,219 48
Surplus 553,410 81
Total Liabilities $10,493,118 86
7. Capital Stock.— The authorized capital stock is $6,000,000. The remaining $1,000,000 is reserved
to be issued from time to time for such purposes as the Board of Directors may elect.
8. Funded Debt.— The funded debt on June 30, 1901, consisted of $4,500,000 1st gold 4s of July 1,
1950, secured on the entire property of the company. The remainder of the authorized issue of $12,000,000 of
bonds is to be used only to construct, purchase, or acquire any railroad, branches, or property of any
description whatsoever in extension of, or additional to, the present railroads and property of the said railroad
company. The cost of such branches or extensions shall not exceed at the rate of $18,000 for each mile of single
track and on account of the cost of second track (not including sidings) on any part of the line of railroad,
shall not exceed at the rate of $8,000 additional for each mile of such track constructed, purchased, or acquired.
And for any necessary improvements or betterments to or upon the railroad and property covered by said
mortgage, not including extensions or branches purchased or constructed or acquired, shall not exceed in any
one year the sum of $200,000, or in the aggregate the sum of $1,500,000, and for the purchase or construction
of any equipment necessary for the operation of its lines of railway at any time covered by said mortgage, at
not to exceed in any one year the sum of $200,000, or in the aggregate the sum of ' $3,000,000. Future
issues of bonds issued unde_r the same mortgage will bear interest at such rates not exceeding 4 p. c. per
annum, as may be determined from time to time by the Board of Directors.
9. RAILROAD LEASED BY THE INDIANA, ILLINOIS AND IOWA RR. Co.
St. Joseph, South Bend and Southern
RR.— St. Joseph, Mich., to South Bend, Ind., 39.43
m. ; total track (steel; 60 Ibs.), 47.42 miles. Reorgani-
zation in Jan., 1899, of the Indiana and Lake Michigan
Ry., formerly a part of the Vandalia Line. (See
Manual for 1899, page 349.) Leased to the I., I. & I.
RR. for 50 years from March 1, 1900. Capital stock
authorized, $750,000, consisting of $250,000 preferred
stock and $500,000 common stock, of which $135,000
preferred stock and $480,000 common stock are Is-
sued. The common stock, except enough shares to
qualify directors, is held by Morgan G. Bulkley,
Sylvester G. Dunham, and Colgate Hoyt, trustees,
who will constitute a voting trust tf> control the
property for five years. Moses L. Scndder, Pres. ;
Colgate Hoyt, Vice-Pres. ; Harold Scudder, Sec. ;
Frank H. Carter, Treas., New York, N. Y. Offices
32 Liberty St., New York, N. Y., and St. Joseph,
Mich.
1O. Board of Directors, L, I. & I. RR. Co., elected January 15, 1902.
W. K. Vanderbilt..New York, N. Y.
W. H. Newman...
Win. C. Brown....
E. D. Worcester. ...New York, N. Y.
Henry B. Ledyard Detroit, Mich.
T. P. Shonts. Chicago, 111.
W. J. Calhoun...
E. V. W.Roseiter..
H. McK. Twombly
W. H. NEWMAN, President New York, N. T.
Wm. C. Brown, Vice-President " "
Sec. <t Treas.— E. D. Worcester New York, N. Y. I Gen. Hgr.—P. S. Blodgett Cleveland, O.
Asst. Sec. & Asst. Treas.— R. P. Ahrens. . .Chicago, 111. | Auditor— M.. J. Edgeworth Kankakee, 111.
PRINCIPAL OFFICE AND ADDRESS " The Rookery," Chicago, 111.
NEW YORK CENTRAL SYSTEM.— LAKE ERIE AND WESTERN RAILROAD
COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 7
Directors and Officers 12
Earnings, Expense?, etc., 1901... 5
Earnings, Exp., etc., 1894-1901... 10
Funded Debt, Details of 8
Gen. Balance Sheet, Dec. 81, 1901. 6
Gen. Balance Sheet, 1894-1901 ... 10
Guaranteed Bonds 3
History... . 3
Income Account, Dec. 81, 1901 ... 5
Income Account, 1894-1901 10
Leased Line, Statement of 11
Mileage and Equipm't, 1894-1901. .
Mileage Operated, Dec. 31. 1901 . .
Operations & Income, 1894-1901.
Rolling Stock Dec. 31, 1901
Stocks Owned
Trackage and Terminal Rights . .
1. Mileage Operatep, Dec. 81, 1901. — A. LINES OWNED (total, 710.61 miles).
Main Line : Sandusky, 0.. to Peoria, 111 417.57 miles.
Indianapolis & Michigan City Div. : Indianapolis, Ind., to Michigan City, Ind. 160.65 "
Fort Wayne and Cincinnati Division : Fort Wayne, Ind., to Connersville, Ind. 105.22 "
Minster Branch : St. Mary's, O. , to Minster, O 10.00 '
Rushmlle Branch : Newcastle, Ind., to Rushville, Ind 24.13 "
B. LEASED LINE: Northern Ohio Ry. : De phos, O., to Akron, 0 162.00 "
C. TRACKAGE RIGHTS (total, 7.43 miles) :
Peoria and Pekin Union RR.: L. E. & W. Junction to Peoria, 111 2.43 "
Indianapolii Union Ry.: Washington St. to Union Depot, Indianapolis. . . 0.79
P., C.,0. A St. L. Ry.: New Castle Junction to New Cattle, lud 8.25 "
Michigan Central RR.: Mich. Cent. June, to Depot, Michigan City, Ind. . 0.66 "
L. 8. & M. 8. Ry.: P., F. W. & C. Crossing to Depot, Ft. Wayne, Ind. . . 1.40 '
Total length of all lines operated, Dec. 31, 1901 887.00 miles.
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM. 381
Sidings (owned, 209.37 m.; leased, 17.82 m.), 226.69 miles. Gauge, 4 ft. 8* in. Rail (steel
— owned, 834.0 m.; leased, 178.34 m.— total, 1,012.34 m.), 65 to 100 Ibs.
2. Truckngre and Terminal Rights — The C., C.. C. & St. L. Ry. Co. uses 18.7 m. of this
company's tracks between La Fayette and Templeton, paying therefor a fixed rental of $10,098 per annum,
and cost of repairs and renewals, based upon usage, and about one mile of main track through Rush-
ville, paying therefor a rental of $750 per annum. The P., C., C. & St. L. Ry. Co. uses 55 m. of this
i-n,n|>aiiy*s tracks between Indianapolis and Kokomo, paying therefor as rental $24,371 per annum, and
cost of repairs and renewals, based upon usage. The C. I. & L. Ry. Co. uses the joint tracks of this
company and the C., C., & C. & St. L. Ry. between Massachusetts Avenue and Washington Street at
Indianapolis, paying therefor as rental $5,466.66, one-half of which is received by this company. At
Indianapolis this company uses the tracks and Union Passenger Depot of the Indianapolis Union Ry. Co.,
for which a rental of $10,858.52 per annum is paid. At Peoria this company uses the tracks, depots, and
terminal facilities of the Peoria and Pekin Union Ry. Co., for which a rental of $22,500 per annum is paid.
At Ft. Wayne this company uses the tracks, depots and terminals of the Lake Shore and Michigan So.
Ry., for which rental is paid, based on usage. From New Castle Junction to New Castle this company
uses the main track of the P., C., C. & St. L. Ry. Co., 2.25 m., for which a rental of $300 per month is
paid, which includes maintenance. At Michigan City this company uses terminals and service of the
Michigan Central RR. Co., for which $2,700 per year is paid.
3. History.— Organized Feb. 9, 1887, to take over the property of the L. E. & W. Ry.
Co., which was sold under foreclosure on Dec. 13, 1886. (See MANUAL for 1888, page 472.)
The Northern Ohio Ry. is leased for 999 years from Oct. 1, 1895, but the results from its
operation were not included in the income account before 1901. This company owns the
entire common stock of the N. O. Ry. Co. and guarantees its bonds, both as to principal and
interest. A majority of each class of the capital stock of this company is held by the Lake
Shore and Michigan Southern Ry. Co.
4. Rolling Stock, Dec. 31, 1901. — Locomotives, 119. Cars — passenger (1st class, 19 ;
2d class, 30 ; passenger and baggage, 6 ; chair, 2 ; mail and smoking, 5 ; parlor and cafe, 3),
65 ; baggage, mail, and express, 21 ; freight (box, 4,471 ; flat, 459 ; stock, 163 ; coal, 132 ;
refrigerator, 66), 5,291 ; service cars, 180 — total cars, 5,557.
5. General Income Account, year ending December 31, 1901.
Earnings— Passenger $1,107,932 41
Freight. 3,201,460 62
Mail and Express 141,015 13
Miscellaneous 82,796 13
Total ($5,110.71 per mile) $4,533,204 29
Expenses— Maint. of Way and Structures. . $943,930 79
Maintenance of Equipment 523,182 17
Conducting Transportation 1,578,537 63
General Expenses 137,167 74
Total ($3,588.30 per mile) $3,182,818 33
Net earnings (29.79 p. c.), $1,350,385.96 ; other income, $30,543.21— total, $1,380,929.17.
Payments: Interest on funded debt (1st mtge., $362,500; 2d mtge., $181,250), $543,750;
interest on Northern Ohio Ry. bonds, $125,000 ; taxes, $206,983.08 ; dividends on preferred
stock (4 p. c.), $473,600— total, $1,349,333.08. Surplus, $31,596.09 ; surplus forward, $813,-
899.76— total, $845,495.85. Less credited to special improvement fund, $200,000. Surplus,
Dec. 81, 1901, $645,495.88.
6. General Balance Sheet, December 31, 1901.
Cost of Road and Equipment $34,659,327 09
Material on Hand 218,350 38
Taxes Paid, Chargeable in 1902 32,572 57
Stocks Owned 110,000 00
Current Accounts * 264,709 23
Suspense Account 105,913 47
Internal Revenue Stamps 51088
Cash in Transit 109,709 94
Cash on Hand 901,887 20
Total Assets $36,402,980 76
Capital Stock (see below) $23,680,00000
Funded Debt (see below) 10,875,00000
Accrued Interest 306,950 00
Investments in Stocks and Bonds 110,000 00
Accounts Payable 146,430 38
Current Liabilities 174,34342
Dividends Payable Jan. 15, 1902 236,80000
Cleveland and New Castle Ry 27,961 11
Special Improvement Fund 200,000 00
Profit and Loss 645,495 85
Total Liabilities $36,402,980 76
7. Capital Stock. — The capital stock consists of preferred and common shares, $11,840,000 of each.
Par value of shares, $100 each. Preferred stock has priority over common stock for dividends up to the
rate of 6 p. c. per annum, non-cumulative.
8. Funded Debt — The funded debt on Dec. 31, 1901— total, $10,875,000, as per general balance
sheet— consisted of (1) $7,250,000 ($10,000 per mile auth.) 1st 5s of Jan. 1, 1937, and (2) $3,625,000
($5,000 per mile auth.) 2d 5s of July 1, 1941. The bonds are secured in the order of their priority, on
the entire property of the company. Additional particulars will be found in the Beady Reference Bond
List — See General Index.
9. Stocks Owned, Dec. 31, 1901: $100,000 stock of Peoria and Pekin Union Ry. Co.; $15,000 stock
of Lafayette Ry. Land and Improvement Co., valued at $5,000 on the books of the company; and $5,000
stock of Burlington Elevator Co., entered at par value on the books of the company. Total par value of
securities owned, $120,000; ledger value, $110,000.
382
POORS MANUAL OP RAILROADS — CENTRAL NORTHERN GROUP.
1C. Statement of operations and income of the L. E. & W. RR. for seven years, 1894
to 1900 inclusive, and of the entire system for the year 1901 ; also general balance of the L.
E. & W. RR. Co. for the entire period.
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated (Aver.)
Passenger Train Miles
Freight Train Miles
725.00
1,107,149
1.321,245
2,460,874
l-,256,337
32,877,079
2,116,389
331,437,537
s
828,123
2,092,963
131,072
308,245
725.00
1,110,448
1,348,052
2,525,173
' 1,337,008
36,350,555
2,155,730
335,987,337
$
883,642
2,222,517
122,799
290,146
725.00
1,123,322
1,312,409
2,489,130
1,316,232
35,111,850
2,133,962
345,702,976
S
831,548
2,136,590
119,411
256,725
725.00
1,122,919
1.285,330
8,469,082
1,287,888
.'!7.^:i,3."»4
2.303.; 6:.'
878,578,689
$
794,945
2,255,272
119,260
269.920
725.00
1,119,345
1,237,186
2,399,320
1,390,950
39,635,049
2,340,073
365,558,437
$
847,250
2,265,823
120,879
233,426
725.00
1,148,440
1,315,895
2,530,141
1,579,640
47,023,118
2,750,347
431-327,549
929,050
2,581,994
122,090
271,043
725.00
1,235,847
1,517,556
2,978,451
1,772,969
52,279,884
2,906,141
479,111,654
8
1.030,822
2,941,006
127,105
179,847
887.00
1.334.086
1,648,377
3,137,1%
1,874,091
50,441.115
3.393.108
504,536,990
S
1,107,932
3,201,461
141,015
1113.339
Total Train Miles
Passengers Carried
Passengers Carried 1 Mile.
Tons Freight Moved
Tons Fr'ght Moved 1 Mile.
Earnings — Passenger
Freight
Mail & Express
Miscellaneous..
Total Earnings
Operating Expenses
3,345,404
2,865,852
3,519,104
1,916,144
3,344,274
1,917,25!)
3,439,397
1,976,115
3,467,378
2,002,685
3,904,177
2,110,812
4,284,780
2.737,793
4,503.747
Net Earnings
1,479,552
455,333
1,602,960
1,427,015
1,463,282
1,464,693
509,726
tl,404.611
193,031
42,670
197,978
(3i)444,00l>
1,793,305
543,750
105.000
195.879
44,343
703,249
1,546.987
543.750
100,000
187,069
!
(4)' 473,666
1.380,929
543,750
125,000
206,983
§
(4)' 473,666
Paym'ts— Interest on Bonds
Int. onN.O.B'ds
Taxes
467,500
471,708
125,000
187,119
41,799
(5)' 592,666
492,500
125.000
187,410
41,726
(5)' 592,666
185,797
41,852
143,593
(5) 592,000
192,440
41,846
246,669
(5) 592,000
Rentals of Tracks
Betterm'ts & Im.
Div.onPfd.Stock
Total Payments
*1,457,408
22,144
4,64639
2,591 46
2,054 93
55.77 p. c.
2.46 c.
0.631 c.
710.61
891.26
685.83
120
63
18
5,539
$
23,680,000
10,875,000
842,474
8,002
1,640,455
62,505
4,887 64
2,661 31
2,226 33
54.45 p. C.
2.43 C.
0.661 C.
710.61
893,71
693.44
119
62
18
5,339
$
23,680,000
10.875,000
1,190,806
22,923
552,184
1,055,546
1,417,626
9,389
4,64482
2,662 86
1,981 96
57. 33 p. c.
2.32 c.
0.618 c.
710.61
896.60
706.48
113
62
18
5,231
$
23,680,000
10,875,000
1,626,755
38,576
213,264
1,064,935
1,438,636
24,647
4,776 94
2,744 60
2,032 34
57. 46 p. C.
2.09 c.
0.604 c.
710.61
896.56
711.61
110
62
18
5,026
$
23,680,000
10,875,000
1,284,690
42,878
187,973
1,089,582
2,792,016
— $1,327,323
4,815 80
2,781 51
2,03429
57.76 p. c.
2.10 C.
0.620 C.
710.61
900.50
756.37
109
61
18
4,768
S
23.680,000
10,875,000
513,826
34,244
1.954,737
,331.268
1,592,221
201,144
5,42247
2,931 68
2,490 79
54.07 p. c.
1.94C.
0.599 c.
710.61
903.47
816.68
106
, 61
18
6,114
$
23,680,000
10,875,000
615,630
34.514
135,000
577,410
1,304,419
242,568
5,910 04
3,776 27
2,13377
63. 90 p. C.
1.94c.
0.614 c.
710.61
903.47
823.14
107
61
18
5,615
$
23,680,000
10,875.000
850,615
1,349,333
31,596
5,11071
3,58830
1,52241
70.21 p. c.
1.96 c.
0.635 C.
710.61
919.98
834.00
119
65
21
S471
23,680,000
10,875,000
892,485
Balance, Surplus
Gross Earnings per Mile. . .
Gross Expenses per Mile . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile.
Miles RR. Owned
Miles Track Owned
Miles Steel Rails
Locomotives
Passenger Cars
Baggage, etc., Cars
Freight and Other Cars
Capital Stock .
Funded Debt
Current Liabilities
Suspense Accounts
Other Liabilities
135,000
819,978
310,000
645,496
Income Account
993,040
Total Liabilities
36,398,517
33,572,582
207,376
64,743
2,553,816
37,376,459
33,572,582
207,376
60,241
2,945,273
589,987
37,498,530
34,072,582
207,376
137,260
2,846,689
234,623
37,160,122
34,072,582
212,376
138,517
2,530.810
205,837
37,389,075
34,659,327
1,579,737
145,067
629,944
375,000
35,917.584
34,659,327
135.000
225,118
898,139
30,360,593
34,659,327
185,000
250,267
1,315,999
36,402,981
34,659.327
110.000
218.350
1,415,304
Cost of Road & Equipment
Securities Owned
Materials and Supplies
Cash and Current Assets..
Total Assets ....
36,398,517
37,376,459
37,498,530
37,160,122
37,389,075
35,917,584
36,360,593
36,402,981
* Including $38,833 Indianapolis National Bank loss, t Including investments in stocks and bonds and ad-
vances to Northern Ohio Ry. Co. I To this amount should be added the net excess of credits to income account,
— betterments credited back and charged cost of road and equipment, $1,989,377.50; dividend of P. & P. Union
Ry. stock for 1895, 1896, and 1897, $18,000— total, $2,107,377.50; less sundry debits as follows: discount on 2d
mtge. bonds sold, $25,625; depreciation of L. E. & W. equipment, $1,402,632.49; depreciation of C. R. C. line
investments, $94,634.35; sundry accounts written off, $15,476.85— total, $1,538,368.69. Net excess, $569,008.81.
§ Included in operating expenses, $44,342. fl Including income from other sources, $30,543.21.
11. RAILROAD LEASED BY THE LAKE ERIE AND WESTERN RR. Co.
Northern Ohio Ry. — Delphos, O. to Akron,
O., 162 m.; total track (steel, 178.34 m.), 179.32
miles. Rail, 60 Ibs. Successor, after foreclosure
sale, Aug. 10, 1895, to the Pittsburgh, Akron and
Western RR. Co. (see Manual for 1895, page 160).
Leased for 999 years from Oct. 1. 1895. to the Lake
Erie and Western RR. Co., the lessee guaranteeing
the principal and Interest of an authorized Issue
of $4,000,000 1st mtge. 5 p. c. gold bonds. This
company Is controlled by the Lake Erie and Western
RR. Co., through ownership of the entire common
stock, but operations were reported separately prior
to this year. Balance Sheet. Dec. 31, 1901.— Com-
mon stock ($100 shares). $3,680,000; preferred stock
($100 shares), .<i;.->n.nnO: funded dobt (1st gold 5s
of Oct. 1, 1945), $2,500,000; other liabilities, $705,-
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM.
383
000 — total $7435000. Contra: Cost of road and and will be secured on not to exceed 100 miles of
tflulpniont, $G.7.'iS,763; preferred stock In treasury, road to be hereafter constructed or acquired. Wm.
S2100- profit and loss, $694,137 — total, $7,435,000. H. Newman, Pres., New York, N. Y. ; C. F. Cox,
The authorized Issue of bonds Is at the rnte of $15,- Vlce-Pres., Trees. & Sec.; F. Mlddlebrook, Asst.
000 per mile. They are guaranteed, principal and Treas., New York, N. Y. ; W. A. Wlldhack, Aud.,
Interest, by the Lake Erie and Western RR. Co., Indianapolis, Ind. Office, Indianapolis, Ind.
and are secured on the entire property now owned
12. Directors. — Term expires in Oct., 1902: W. K. Vanderbilt, J. Pierpont Morgan,
F. W. Whitridge, New York, N. Y. Term expires in Oct., 1903: Geo. F. Baker, H. McK.
Twombly, Wm. H. Newman, New York, N. Y. Term expires in Oct., 1904: H. W, Cannon,
P. W. Vanderbilt, W. C. Brown, New York, N. Y.
W. H. NEWMAN, President ............................. New York, N. Y.
Wm. C. Brown, Vice- President ......................... " "
Chas. F. Cox, Vice- President, Secretary and Treasurer ---- "
P. S. Blodgett, Gen. Manager ....... ...................... Cleveland, O.
Asst. Treasurer- F. Middlebrook ..... New York, N. Y. | Auditor— W. A. Wildhack ........... Indianapolis, Ind.
PRINCIPAL, OFFICE AND ADDRESS ............................. Indianapolis, Ind.
New York Office ............................. . ........... Grand Central Station.
NEW YORK CENTRAL SYSTEM.— LAKE SHORE AND MICHIGAN SOUTHERN
RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock... . 6
Directors and Officers ............ 13
Dividends ....................... 4b
Earnings, Expenses, etc., 1901... 4
Earning?, Expenses, etc., 1895-
1901 ____ ..................... 7
Equipment, Maintenance of ..... 4a
Funded Debt, Details of ......... 8
Gen.'Balance Sheet, Dec. 31, 1901. 5
Gen. Balance Sheet, 1895-1901 ... 7
History .......................... 2
Income Account, Dec. 31, 1901... 4
Income Account, 1895-1901 ....... 7
Investments in Leased Lines ..... 10
Leased and Owned Lines, State-
ments of ...................... 12
Mileage and Equipment, 1895-
1901 ........................... 7
Mileaee Operated Dec. 31, 1901... 1
Operations and Income, 1895-1901. 7
Proprietary Roads, Cost of ...... 9
Rolling Stock .................... 3
Stocks and Bonds Owned ........ 11
1. Mileage Operated, Dec. 31, 1901.— A. LINES OWNED (total, 860.53 miles).
Main Line : Buffalo, N. Y., to Chicago, 111 ................................. 540.04 miles.
Sandusky Division : Elyria Junction to Millbury Junction, O. via Sandusky — 73.24 "
Sandusky Pier Branch : Sandusky Junction to Old Pier Depot ................ 3.88 "
Air-Line Division : Air-Line Junction to Elkhart, Ind ..... ................... 131.10 "
State Line Branch : Air-Line Junction to Ohio-Mich. State Line ............... 7.61 "
Jackson Branch : Lenawee June, to Jackson, Mich ........................... 42.16 "
Monroe Branch : Lenawee Junction to Monroe, Mich ......................... 29.45 "
Ashtabula Branch : Ashtabula, O., to State Line, Pa ......................... 30.72 "
Ashtabula Harbor Branch : Ashtabula to Ashtabula Harbor, O. . ............... 2.33 "
B. PROPRIETARY ROADS (total, 231.33 milea).
Central Trunk RE. : Ohio State Line to Jamestown, Pa ....................... 5.26 "
Detroit, Monroe & Toledo RR. : Ohio State Line to Detroit ................... , 54.76 "
Kalamazoo & White Pic/eon RR. : White Pigeon to Kalamazoo ................ 36.54 "
Northern Central Michigan RR.: Jonesville to North Lansing ................ 61.36 "
Detroit and Chicago RR.: Grosvenor to Fayette ...................... f ...... 25.56 "
Sturgis, Goshen and St. Louis RR. : Gosh en to Findley ...................... 36. 13 "
Elkhart and Western RR. : Elkhart to Mishawaka ............................ 11.72 "
C. LEASED LINES (total, 319.30 miles).
Kalamazoo, Allegan & Grand Rapids RR.: Kalamazoo to Grand Rapids, Mich. 58.45 "
Jamestown and Franklin RR.: Jamestown to Oil City, Pa. , and branch ........ 50.91 "
Mahoning Coal RR.: Andover to Youn<rstown, Ohio, and branches ............ 47.35 "
Detroit. HiUsdale and Southwestern RR.: Ypsilanti to Banker's, Mich ......... 64.76 "
Fort Wayne and Jackson RR.: Fort Wayne, Ind., to Jackson, Mich ........... 97.83 "
Total length of road operated, Dec. 31, 1901 ............................ 1,411.16 miles.
2d track, 521.99 m.; 3d track, 9 63 m.; sidings, 837.72 miles. Gauge, 4 ft. 8^ in. Rail (steel,
2,777.57 m.), 60, 65. 71. and 80 Ibs.
The old main line between Silver Creek and Dunkirk, 7.84 miles, double track, is leased
to the N. Y., C. & St. L. RR. Co., and used in connection with that company's main track.
Total length of lines owned and leased, 1,419 miles, and the total length of 2d track owned ia
529.83 miles. The proprietary lines are wholly owned and their accounts are included in
those of the L. S. & M. S. Ry. Co.
2. History. — Consolidation, in 1869, of the Michigan Southern and Northern Indiana, the
Cleveland and Toledo, the Cleveland, Painesville and Ashtabula,, and the Buffalo and Erie
384 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROI i-.
BR. Cos. (See MANUAL for 1885, page 549.) The proprietary roads have been acquired fron
time to time since the consolidation. The company owns a majority of the shares of the New
York, Chicago and St. Louis RR. Co., Pittsburgh and Lake Erie RR. Co., and Lake Erie anc
Western RB. Co., besides owning 112,240 shares of the stock of the Cleveland, Cincinnati
Chicago and St. Louis Ry. Co. (See Sec. 9 for ledger valuation of stocks and bonds ownec
by the company.)
During the year 1901 the company purchased $3,200,000 of the capital stock of the Lehigl
Valley RR. Co., and in 1902 acquired 89 p. c. of the. capital stock of the Indiana, Illinois and
Iowa RR. Co.
The New York Central and Hudson River RR. Co. owns about 91| P- c. of the capi
tal stock of this company (see MANUAL for 1898, page 488). The railroad forms a part ol
the New York Central system, but is operated as an independent organization.
On Oct. 1, 1901, the Lake Shore and Michigan Southern Ry. Co. began to operate the
Dunkirk, Allegheny Valley and Pittsburgh RR., as agent for the owners. (See GENERAL
INDEX for D. A. V. & P. RR. Co.)
On Jan. 1, 1902, the company assumed the operation of the Detroit, Toledo and Milwauke*-
RR. (see page 378), but the accounts of that road are kept separate.
3. Rolling Stock, Dec. 31, 1901.— Locomotives, 582. Cars— passenger (1st clans, 220 ;
smoking, 39 ; combination, 43 ; emigrant, 5), 307 ; postal, 33 ; baggage, 72 ; dining and buffet,
19 ; freight (box, 10,318 ; stock, 659; flat, 2,424 ; gondola, 7,905 ; coal and ore, 258), 21,584
— total revenue cars, 21,995. Also 781 work cars and the following floating equipment : 1
tug, 1 dredge, and 2 scows.
4. General Income Account, year ending December 31, 1901.
Expenses— Maint. of Way and Structures. $3,392,96426
Maintenance of Equipment... 5,903,69820
Conducting Transportation 9,803,052 41
General Expenses 402,595 73
Earnings— Passenger $6,805,208 13
Freight 19,616,096 71
Mail and Express 2,382,488 68
Miscellaneous 468,881 24
Total ($20,745.04 per mile) $29,2^,674 76 Total ($13,820.06 per mile) $19,502,310 60
Net earnings (33.38 p. c.), $9,770,364.16 ; add interest and dividends, $1,329,289.69—
total, $11,099,653.85. Payments : Interest on funded debt accrued, $2,037,525.67; interest
on bills payable, $229,131 ; taxes, $707,918.46; lease rentals, $916,604.06; dividends (10 p. c.)
on guaranteed stock, $53,350; on common (7 p. c.), $3,462,655 — total, $7,407,184.19. Surplus,
$3,692,469.66 ; surplus forward, $11,248,632.74— total, $14,941,102.40. Deduct payments
incidental to exchange of unnurtured bonds for new 3£ p. c. gold bonds, $32,829.50 ; sundry
accounts written off, $114,832.93— total deductions ($147,662.43, less $1,226.80, amount of
sundry accounts credited), $146,535.63. Net surplus, $14,794,666.77.
4a. Maintenance of Equipment.— The cost of maintenance includes, besides $2,814, -
618.70 for repairs, etc., $3,589,079.50 expended for new equipment, as follows: Locomotives,
$1,014,503 ; passenger cars, $47,972; freight cars, $2,461,939.50; other rolling stock, $64,665.
4b. Dividends. — A statement showing the dates and rates of all ca^h dividends paid by
the company to and including that of Feb. 3, 1898, is in the MANUAL for 1898, page 491.
Later payments are shown in the table of Dividends Paid by Railroad Companies. (See GEN-
ERAL INDEX.)
5. General Balance Sheet, December 31, 1901.
Cost of Road (860.53 miles) $66,700,00000
Cost of Equipment 17,300,000 00
Proprietary Roads (see Sec. 9) 5,344,309 11
Investment in Leased Lines (see Sec. 10) 2,396,801 74
Stocks and Bonds Owned (see Sec. 11).. 27,091,592 35
Real Estate Purchases 663,758 80
Materials and Supplies 1,343,585 58
Current Assets 5,138,222 28
Total Assets $125,978,26
Capital Stock, Guaranteed. $533,500
Capital Stock. Common 49,466,500— $50,000,000 00
Funded Debt (see Sec. 8) 50,755,000 00
Bills Payable 4,000,000 00
Interest and Rentals Accrued 259,426 79
Taxes Accrued 25,000 00
Current Liabilities 4,386,173 80
Dividends Payable Feb. 1, 1902 1,758,002 50
Profit and Loss 14,794,666 77
Total Liabilities $125,978,269 86
6. Capital Stocfe. — The guaranteed stock is the preferred stock of the former Michigan Southern and
Northern Indiana RR. Co. It is guaranteed dividends at the rate of 10 p. c. per annum, which are payable
on the 28th of Jan. and July, in New York, N. Y. Par value of stock, both classes, $100 per share.
Railroad Map of Illinois.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
ILLINOIS.
Railroad Map of Illinois.
WORKS BY HENRY V. POOR.
MONEY AND ITS LAWS:
A HISTORY OF MONETARY THEORIES
HMD
A HISTORY OF THE CURRENCIES
OP THE
UNITED STATES.
H3-57- HEMSTiFt.Y "V. IROOIR..
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HMD THE
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EMBRACING A SKETCH OF THE COINAGE AND OP THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND OTHER NATIONS.
By HENRY V. POOR.
One Volume. 12 mo. Cloth. Pp. 250. Price, $1.00.
TWENTY-TWO YEftBS OF PROTECTION,
The financial history of the United States naturally divides itself into three periods : The first, the Period
of Construction — the work of the Fathers ; the second, the Period of the attempted Destruction of this work ;
the third, of its Restoration. The first period, of 40 years, extends from the formation of the Government iu
1789 to the close of the administration of John Qnincy Adams in 1829 ; the second period, of 36 years', extends
from the beginning of General Jackson's administration in 1829 to ihe restoration of peace in 18(55; the third
period, of 22 years, extends to the end of 1887; for although the election of Mr. Cleveland nominally put an end
to the period 'of Restoration, he so far ha* been unable to undo its distinctive feature,— a return to the Protect-
ive policy of the Fathers. The object of this work is to display the Period of Restoration; hence its title, —
"Twenty-Two Years of Protection." To a proper understanding of this period, a competent knowledge of the
events of the two preceding periods, as well as of the Colonial Period, is a necessary condition.
Pp. 222. 8vo. Paper. Price, SO cents.
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OR, MAY BE ORDERED 4 A Rmaft ^trf*f*t Nf>W Vftflf
THROUGH ANY BOOKSELLER. " DrOaU Otreef, IVCVV I OrK
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM. 385
7. Statement of operations, capital account, etc., for seven years ending Dec. 81 :
1895
1896
1897
1898
1899
1900
1901
Miles Railroad Operated.
Passenger Train Miles . .
Freight Train Miles
Total Revenue Miles. .
Passengers Carried
1,439.90
4,510,187
7,773,837
1,439.66
4,655,339
7,391,380
1,436.7
4,616,220
7,703,105
1,410.3
4,748,428
7,866,833
1,413.4
4,810,987
7,991,932
1,411.3
5,038,001
7,963,835
1,411.1
6,514,067
7,552,961
12,283,524
4,627,175
210,966,572
$4,512,372
S.139C.
14,382,641
8,475,757,176
$14,157,425
0.561 C.
21,016,035
13,918,273
12,046,719
4,519,887
211,120,596
$4,520,045
2.141 c.
13,662,419
2,377,034,118
$13,289,042
0.549 C.
20,193,958
12,964,241
12,319,325
4,897,745
210,487,402
$4,247,717
2.018 C.
14,037,284
2,473,436,580
$13,734,282
0.545 c.
20,297,722
12,866,976
12,615,261
4,292,573
204,373,57'4
$4,281,422
2.095C.
15,551,976
2,771,978,098
$14,022,756
0.502 C.
20,753,683
13,233,129
12,802,919
4,662,455
233,232,854
$4,849,129
2.079 c.
18,087,694
3,414,880,381
$16,115,690
0.472 c.
23,613,946
15,121,656
13,001,836
4,964,634
264,562,686
$5,382,787
2.035 C.
19,848,475
3,620,829,452
$18,317,427
0.505C.
$
26,466,514
16,598,661
13,067,028
5,951,341
376,084,739
6,805,208
1.809 C.
21,532,425
4,006,554,001
19,616,097
0.489 c.
S
29,!172,675
19,502,311
Passenger Earnings
Average Rate per Mile. .
Freight (tons) Moved. . .
Freight (ton) Miles
Freight Earnings
Average Rale per Mile. .
Gross Earnings
Operating Expenses
Net Earnings
7,097,762
412,979
7,229,717
354,811
7,430,746
395,621
7,520,554
346,810
8,492,290
376,052
9,867,853
749,621
9,770,364
1,329,290
Other Receipts
Net Income
7,510,741
649,947
3,134,370
644,759
(10) 53,350
(6) 2,967,990
60,325
14,595 70
9,666 14
4,929 56
66. 23 p. C.
1,126.05
2,668.76
2,644.14
576
317
105
19,450
50,000,000
44,766,000
1,235,797
1,510,670
11,637,485
7,584,528
761,914
3,117,745
629,119
(10) 53,350
(6) 2,967,990
54,410
14,026 89
9,005 07
5,021 82
64. 20 p. c.
1,125.35
2,659.18
2,647.18
548
313
105
80,046
50,000,000
44,516,000
1,129,014
1,526,500
11,535,220
7,826,367
675,515
2,716,347
635,895
(10) 53,3f.O
(6) 2,967,990
777,270
14,128 02
9,165 10
4,962 92
63.39 p. C.
1,089.60
2,651.03
2,643.50
618
311
110
19,421
$
80,000,000
48,247,500
1,295,681
1,527,004
7,551,832
7,867,364
694,890
2,439,410
656,489
(10) 53,350
(7) 3,462,655
560,570
14,715 79
9,383 20
6,332 50
63.78 p. C.
1,101.32
2,677.19
2,672.11
636
309
112
19,483
50,000,000
48,408,500
1,385,807
1,772,750
7,350,713
8,868,348
710,489
2,314,753
732,488
(10) 53,350
(7) 3,462,655
1,594,607
16,707 19
10,698 78
6,008 41
64. 04 p.c.
1,101.32
2,697.44
2,692.58
644
331
99
20,477
$
50,000,000
48,562,000
2,019,324
1,809,594
8,389,482
10,617,474
709,134
2,273,312
923,247
(10) 53,350
(7) 3,462,655
3,195,775
~18,753 29
11,761 26
6,992 03
62.72 p. C.
1,099.70
2,732.66
2,729.00
624
326
104
20,628
$
50,000,000
50,725,000
*9,927,265
1,758,002
11,248,633
1 1,099,654 \
707,918 '
2,266,657
916,604 \
(10) 53,350
(7) 3,462,655
3,692,470 '
20,745 04
13,820 08
6,924 98
86.62 p. c.
1,099.70
2,780.50
2,777.57
582
328
105
22,345
$
60,000,000
50,755,000
t8,670,601
1,758,002
14,794,667
Charges — Taxes
Interest
Lease Rentals
Quar. Div'nds
Com. Div'nds.
Balance, Surplus ,
Gross Earnings per Mile
Oper. Expenses p. Mile.
Net EarmngBper Mile. ,
Expenses to Earnings. . .
Miles Railroad Owned..
Miles Track Operated. . ,
Miles Steel Rail
Locomotives
Passenger Cars
Baggage, etc., Cars..
Freight and Other Care.
Capital Stock ,
Funded Debt
Current Liabilities
Dividends ,
Income Balance
Total Liabilities
Construction
109,149,932
84,000,000
5,189,762
14,484,834
821,627
4,653,729
108,706,734
84,000,000
5,250,614
14,612,451
948,568
3,895,101
108,622,017
84,000,000
5,095,837
14,589,978
960,048
3,976,154
108,917,770
84,000,000
5,320,837
14,533,178
943,758
4,119,997
110,780,400
84,000,000
5,320,837
14,731,269
967,202
6,761,092
123,658,900
84,000,000
5,280,837
27,675,991
1,058,911
5,643,161
123,658,900
125,978,270
84,000,000
5,344,309
30,152,153
1.343,586
5,138,222
Proprietary Roads
Other Investments
Materials and Fuel
Cash and Current Assets,
Total Assets
109,149,952
103,706,734
108,622,017
108,917,770
110,780,400
125,978,270
• Includes bills payable, $6,000,000.
t Includes $4,000,000 bills payable.
8. Funded Debt The funded debt on Dec. 31, 1901— total, $50,755,000 as per general balance
sheet— consisted of the several issues of bonds listed in the following statement. Additional particulars
respecting any issue will be found in the paragraph relating thereto subjoined to the statement; and the
details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference Bond
Guaranteed Bonds ($1,725,000):
$924,000 Det., Mon. & Tol. 1st 7s of Aug. 1, 1906.
400,000 Kal. & Wh. Pig. 1st 5s of Jan. 1, 1940.
79,000 Battle Cr. & S. 1st gold 3s of Dec. 1, 1989.
322,000 S., G.&St. Louis 1st gold 3s of Dec. 1, 1989.
List— see General Index:
L. 8. d M. 8. Bonds ($49,431,000):
$6,312,000 Consol. 2d gen. 7s of Dec. 1, 1903.
43,119,000 Gold bond 3is of June 1, 1997.
Leased Line Bonds ($2,340,000) :
K., A. & G. R. 1st 5s of July 1, 1938.
Mahoning Coal 1st 5s of July 1, 1934.
CONSOLIDATED 2o GENERAL MORTGAGE BONDS, L. S. & M. S. RY.- Secured by first mortgage on 859 milea
of road owned by the company.
GOLD MORTGAGE BONDS, L. S. & M. S. RY.— The authorized issue is $50,000,000. A sufficient amount is
reserved for the retirement of the consol. 2d gen. mtge. bonds It is provided in the mortgage that those
bonds must be paid at or before their maturity, so that after Dec. 1, 1903, the gold bond mortgage will be
a first lien upon the railroads and franchises now owned by the company, upon the leasehold interests
specified in the mortgage, upon the equipment and income of all such railroads (whether owned or
leased), and also upon such property, hereafter acquired by the company, as- is specified in the mortgage. .
25
386
POORS MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
KALAIUZOO, ALLEOAN AND GEAND RAPIDS BONDS.— Secured by first mortgage on the line from Kalamazoo
to Grand Rapids, Mich., 68.45 miles.
MAHONINO OOAL RR. BONDS.— Secured bv first mortgage on 39 miles of the Mahoning Coal RR. (See
separate statement for that road, appended.)
DETROIT, MONROE AND TOLEDO BONDS. — Secured by first mortgage on the line from Detroit, Mich., to
State Line of Ohio, 54.76 miles. Principal and interest are guaranteed by the L. S. & M. S. Ky. Co.
KALAMAZOO AND WHITE PIGEON BONDS. — Secured by first mortgage on the line from Kalamazoo to White
Pigeon, Mich., 30.54 miles. Principal and interest are guaranteed by the L. S. & M. S. Ry. Co.
BATTLE CREEK AND STURGIS RR. BONDS.— Secured by first mortgage on the line from Sturgis to
Findlay, Mich., 7 miles. (See General Index for statement of Battle Creek and Sturgis RR.) Principal
and interest guaranteed by the L. S. & M. S. Ry. Co.
STURGIS, GOSHEN AND ST. Louis RR. BONDS.— Secured on the line from Sturgis, Mich., to Goshen, Ind.,
29 miles. Principal and interest guaranteed by the L. S. & M. S. Ry. Co.
10. Investments in Leased Lines.— Jamestown and Franklin RR. (stock, $348,937; 1st mtge.
bonds, $298,000; 2d mtge. bonds, $500,000; open account, $746,879.74), $1,828,216.74; Mahoning Coal UK
(common stock, 17,318 shares; preferred stock, 7,990 shares), $568,585— total, $2,396,801.74.
11. Stocks and Bonds Owned.— Statement showing the ledger valuation of the stocks and bonds
ol other companies owned by the L. S. & M. S. Ry. Co. on Dec. 31, 1901:
Clev., Cin., Chica. & St. L. Ry.Co., stock 7,111,065 37
Lake Erie & Western RR. Co., stocks 5,847,016 78
Lehigh Valley RR. Co., stock 1,920,000 00
Merchants Despatch Transp. Co., stock.. 575,700 00
Mahoning State Line RR. Co., stock 450 00
N. Y., Chica. & St. L. RR. Co., stocks.. 8,447,746 94
Pittsburgh & Wheeling Coal Co., scrip. . . v22,681 75
Brought Forward $23,924,660 84
Pittsburgh & Lake Erie RR. Co., stock.. $2,675,696 27
Terminal Ry. of Buffalo, stock 200,000 00
Terminal Ry. of Buffalo, 1st mtge. bonds
P'tsb., Ch'ti'rs&Yough.RR.,lst mtge. bds
262,255 24
28,980 00
Total $27,091,592 35
12. RAILROADS OWNED OR LEASED BY THE L. S. & MICH. SOUTHERN RY. Co.
Detroit, Hillsdale and Southwestern
RR.— Ypsilanti to Banker's, Mich., 64.76 m. ; total
track (steel, 64.76 m.), 69.09 miles. Reorganization,
Jan. 30, 1875, of the Detroit. Hillsdale and Indiana
RR. Co. Leased in perpetuity, July 1, 1881, to the
L. S. & M. S. Ry. Co.; annual rental, 4 p. c. on
stock and $500 for organization expenses. Balance
Sheet, Dec. 31, 1901.— Capital stock. $1,350,000;
profit and loss, $663 — total, $1,350,663. Contra:
Construction, etc., $1,345,716; other assets, $4,947
— total, $1,350,663. Edwin S. Marston, Pres.; Sam-
uel Sloan, Jr., Sec. & Treas., 16-22 William St.,
New York, N. Y.
Erie and Kalamazoo RR.— Toledo, O., to
a point near Adrian, Mich., 27 miles. Chartered
April 22, 1833; road opened from Toledo to Sylvania
in 1836; throughout in 1837. Leased in perpetuity
to the L. S. & M. S. Ry. Co. ; rental, $30,000 per an-
num. In the statement of mileage on page 383 this
line is included In the main line owned by the L. S.
& M. S. Ry. Co. Capital stock, $300,000. David P.
Barhydt, Pres.; Benjamin Knower, Treas., New
York, N. Y. ; Arthur P. Crane, Sec., Adrian, Mich.
Office, Adrian, Mich.
Fort "Wayne and Jackson RR.— Jackson,
Mich., to Fort Wayne, Ind., 97.83 m.; total track
(steel, 92.30 m.), 111.99 miles. Reorganization, June
1, 1880, of the Fort Wayne, Jackson and Saginaw
RR. Co. (See Manual for 1893.) Leased In perpetuity
to the L. S. & M. S. Ry. Co.; rental, 5} p. c. per
annum on preferred stock, and a further sum of 2
p. c. on common stock, in case the net earnings of
the road in any year exceed 8 p. c. on preferred
stock. Rental, 1901, $127,528. Expenses and taxes,
$1,500. Net Income, $126,028. Paid dividends (5J p.
c.) on preferred stock, $126,028. Capital stock (pre-
ferred, $2,291,416; common, $436,132), $2,727,548.
Contra: Cost of road, etc., $2.727,548. Edwin S.
Marston. Pres.; Samuel Sloan, Jr., Sec. & Treas.,
16 William Street. New York, N. Y., Office, 16-22
William Street, New York, N. Y.
Jamestown and Franklin RR.— Jamos-
town to Oil City, Pa., 50.91 m.; Stoneboro' to Coal
Mines, 2.55 m. ; total, 53.46 m. ; total track (steel; 65
and 70 Ibs.), 71.96 miles. Chartered April 5, 1862.
Road opened June 24, 1867. Leased to the L. S. & M.
So. Ry. Co., for 5 years from Jan. 1, 1900, and from
year to year thereafter until terminated on one
year's written notice by either party. Annual rental,
80 p. c. of gross earnings. (See Manual for 1899,
page 163.) Rental, year ending Dec. 31, 1901, $73,-
635; rents from lands, $432 — total, $74,067. Ex-
penses and taxes, $1,662. Net Income, $72.405.
Interest on bonds and on note (not paid), $69,995.
Surplus, $2,410. Balance Sheet, Dec. 31, 1901. —
Capital stock, $601,200; payments on stock, $6.043;
funded debt (1st 7s of Jan. 1, 1897, $298.000; 2d 7s
of Jan. 1, 1894, $500,000), $798,000; due lessee,
$746.880; unpaid interest, $577.434; income balance,
$14,322— total, $2,743.878. Contra: Cost of road.
$2,700,965; stocks and other investments, $42,891;
other assets, $23 — total, $2,743,878. All of the
bonds are held by lessee; no interest paid on them
since maturity. Charles Miller, Pres., Franklin,
Pa.; Robert P. Cann, Treas., Stoneboro', Pa.; O. G.
Getzen-Danner, Sec., Cleveland, O. Office, Stone-
boro', Pa.
Kalamazoo, Allegran and Grand
Rapid* RR.— Kalarnazoo to Grand Rapids, Mich.,
58.45 m.; total track (steel, 58.45 m.), 68.78 miles.
Rail, 65 Ibs. Chartered June 3, 1868; road opened
March 1, 1869. Leased Sept. 21, 1869, to the L. S.
& M. S. Ry. Co. for 999 years, nt an annual rental of
$78,600, being 6 p. c. on $610,000 capital stock and
5 p. c. on $840,000 1st mtge. bonds (see bonded debt
statement, L. S. & M. S. Ry. Co.). Cost of road, etc.,
$1,450,000. J. H. Wade, Pres.; Horace B. Corner,
Treas.; O. G. Getzen-Danner, Sec. Office, Cleveland,
O.
Mahoninjar Coal RR.— Andover to Youngs-
town, O., 38.31 m. ; Keel Ridge Coal Branch, 0.73 m. ;
Doughton to Sharon, Pa., 8.31 m. — total, 47.35 m.;
total track (steel; 65 and 71 Ibs.), 91.10 miles. Char-
tered Feb. 18, 1871; road opened in June, 1873.
Leased in perpetuity, July 1, 1884, to L. S. & M. S.
Ry. Co. Rental. 40 p. c. of gross earnings — in 1901,
$548.231; other receipts. $270— total. $548.501. Ex-
penses, $1,599. Net income, $546.902. Paid interest
on bonds, $75,000; permanent improvements, $131,-
191; dividends on stock (5 p. c. on preferred, and 10
p. c. on common), $183.093 — total, $389.283. Sur-
plus, $157.619. Balance Sheet. Dec. 31, 1901.— Cap-
ital stock — common, $1.500.000; preferred. $661. S50;
funded debt (1st 5s of July 1, 1934), $1,500.000;
profit and loss $447.444 — total. $4.109.294. Contra:
Cost of road. $3.653.098: all other assets, $456.196
— total. $4,109.294. Dividends of 5 p. c. per annum
on preferred stock and interest on bonds are guar-
anteed by lessee. William H. Newman, Pres.;
Nicholas Bartlett. Treas.; O. G. Getzen-Danner,
Sec. Office, Cleveland, 0.
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM.
387
13. Board of Directors, L. 8. & M. 8. Ry. Co., elected May 7, 1902.
CHAUNCEY M. DEPEW, Chairman of the Board New York, N. Y.
Win. K. Vandei-bilt. New York, N.Y. Wm. C. Brown Cleveland, O. H. McK.Twombly.. New York, N.Y.
W. Seward Webb... " " Edwin D.Worcester. New York, N.Y. Charles M. Reed Erie, Pa.
Fred.W. Vnnderbilt. " " Samuel F. Barger... J. Pierpont Morgan. New York, N.Y.
Wni. 11. Newman Cleveland, O. Darius O. Mills " " ChaunceyM.Depew. "
James M. Schoonmaker Pittsburgh, Pa.
WM. H. NEWMAN, President Cleveland, O.
Wm. C. Brown, Vice-President " "
E. D. Worcester, Vice- President, Secretary and Treas New York, N. Y.
P. S. Blodgett, General Manager Cleveland, O.
Atsl. Treasurer— Vwight W. Pardee. . .New York, N. Y. | Auditor— R. H. Hill Cleveland, O.
Local Treas. & Asst. Sec.—T3. Bartlett Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS Cleveland, 0.
New York Office Room 301, Grand Central Station.
NEW YORK CENTRAL SYSTEM.— MICHIGAN CENTRAL RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEKEINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 13 Guaranteed Bonds 9 Mileage Operated 1
Earning!*, Expenses, etc., 1901... 4 History 2 New First Mtge. Bonds 8a
Earnings. Exp., etc., 1895-1901... 10 Income Acct., Dec. 31, 1901 4,5 Operations and Income, 1895-1901. 10
Funded Debt, Details of 8 Income Account, 1895-1901 10 Rentals of Leased Lines 6
Gen. Bal. Sheet, Dec. 31, 1901.... 7 Land Department 11 Rolling Stock. . 3
Gen. Balance Sheet, 1895-1901.... 10 1 Mileage and Equip'mt, 1895-1901. 10 Subsidiary Roads, Statements of . 13
1. Mileage Operated, December 31, 1901.
Main Line of Road Owned : Kensington, 111., to Detroit, Mich 270.07 miles.
TRACKAGE RIGHTS : Illinois Central RR.: Kensington to Chicago, 111 14.00 "
LEASED AND PROPRIETARY RAILROADS (total, 916.37 miles).
Michigan Air-Line RR. : Jackson, Mich., to South Bend, Ind 115.16 "
Jackson, Lansing and Saginaw RR. (see statement in Sec. 12) 385.21 "
Grand River Valley RR.: Rives June, to Grand Rapids 83.79
Kulamazoo and South Haven RR.: Kalamazoo to South Haven 39.50 "
Juliet and Northern Indiana RR.: Lake, Ind., to Joliet, 111 45.00 "
Detroit and Bay City RR. (see statement in Sec. 12) 175. 73 "
Buy City and Battle Creek Ry.: West Bay City to Midland 18.00 "
Battle Creek and Sturgis Ry.: Battle Creek to Findlay 33.80
Detroit, Delray and Dearborn RR. : Delray to Dearborn 4.84 "
Terminal RR.: (see statement, in Sec. 12) 15.34 "
OPERATED LINES— CANADA SOUTHERN SYSTEM (total, 457.30 miles).
Canada Southern Ry.: (see statement in Sec. 12). 328.64 "
Toledo, Canada Southern & Detroit Ry. (see statement in Sec. 12) 58.92
Canada Southern Bridge : Slocum J unc. to Stony Island 3.66 "
Michigan Midland and Canada Ry : Lenox to St. Clair 14.68 "
Sarnia, Chatham & Erie Ry.: Petrolin June, to Petrolia 7.00 "
Erie & Niagara Ry. : Niagara to Old Fort Erie 30.60
Leamington and St. Clair Ry. : Comber to Leamington 13.80 "
Total length of all lines operated, Dec. 31, 1901 1,657.74 miles.
2d track iM.C. RR., 154.84 m. ; C. S.Ry., 132.36 m.; J., L. & 8. RR.,3.61 m.; D. & B. C. RR.,
4.77 in.; T., C. S. & D. Ry., 2.35 m.; T. RR., 10.16 m.), 308.09 m.; sidings (M. C. System,
75:180 m. ; C. S. System, 270.01 m.), 1,023.87 m.; total track (steel, 2,858.39 m. ; iron, 117.31
m.), 2/J75.70 miles. Gauge, 4 ft. 8fc in. Rail, 56 to 80 Ibs.
2» History. — Chartered in 1846, and purchased from the State of Michigan the road from
Detroit to Kalamazoo, 144 miles. The extension to Kensington was put in operation in May,
1852. (See MANUAL for 1893, page 816.) At Kensington connection is made with the Illinois
Central RR., and 14 miles of that line are used to reach Chicago. For terms under which
the leas-'d and operated lines were acquired, see the statements for the several companies,
appended. The New York Central and Hudson River RR. Co. owns about 86 p. c. of the
capital stock of this company (see MANUAL for 1898, page 528). The railroad forms part
of the New York Central system, but is operated as an independent organization.
388 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
3. Rolling Stock, Dec. 81, 1901.— Locomotives (M. C., 310; C. 8., 151), 461. Cars as
follows :
PASSENGER EQUIPMENT.
M. C. RR. C. S. Ry.
, Total.
First Class Cars ....128 54 " 180
Second Class and Smoking Cars.. 28 21 49
Pass., Baggage, and Mail Cars. .. 17 7 24
Baggage Mail, and Express Cars. 14 4 18
Baggage and Express Cars 48 27 75
Postal Cars 14 1 15
Dining Cars 8 8 11
Buffet Cars 1 4 5
Total Passenger Equipment. 266 121 377
FIIEIGHT EQUIPMENT.
M. C. RH. C. S. Ry. Total.
Box Cars 6,415
Stock Cars 594
Refrigerator Cars 83
Platform Cars 2,071
Coal Cars 688
Oil Cars
Way Cars 2oi
Boarding Cars 46
Tool Cars 174
Logging Trucks 10
Total Freight Equipment.. 10.282
Total Car Equipment 10,538
9,575
86i
117
2,450
844
35
280
52
201
_ 10
4,149 14,431
3,160
-•>;7
34
379
156
35
85
6
27
4,270 14,808
4. General Income Account, year ending December 31, 1901.
Earnings-Passenger $4.644,229 81
Freight 12,858,455 34
MaH and Express 919,725 25
Miscellaneous 67.803 25
Total ($11,248.90 per mile) $18,400,273 65
Expenses— Maint. of Way and Structures . $3,442,289 61
Maintenance of Equipment 2,764,761 87
Conducting Transportation 7,753,993 00
General Expenses 276,786 68
Total ($8,661.85 per mile) $14,237,831 06
Net earnings (23 p. c.), $4,252,442.59. Deduct interest, rentals and taxes, $2,968,646.59.
Residue, $1,288,796. Paid the Canada Southern Ry. Co. its proportion of the net income,
as per agreement, $375,238.40. Net revenue from traffic, $91 3, 5-' 7. CO ; add income from
from investments, $69,738.78— total net revenue ($5.25 per share), $983,296.38. Paid divi-
dends (2 p. c. each, July 29, 1901, and Jan. 29, 1902), $749,520 ; set aside for construction of
2d track, $210,000— total, $959,520. Balance, surplus, $23,776.38.
5. Income Account, year ending December 31, 1901.
Balance from 1900 $2,630,525 52
Gross Earnings $18,490,273 65
Operating Expenses 14,237,831 06— 4,252,442 59
Income from Investments 69,738 78
Taxes
Interest on Bonds, Main Line
Leased Lines
Canada Southern
Rentals, Leased Lines
C. S. Ry. Proportion Income per Agreem't
Dividends, 4 p. c
Special Account: New 2d Track
Balance, Surplus, Dec. 31, 1901
$508,132 90
660,00000
569,550 00
1,041,700 00
184,263 69
375,238 40
749,520 00
210,000 00
2,654,301 90
Total $6,952,706 89 I Total $6,952,706 89
6. Rentals of Leased Lines.— Grand River Valley RR. (5 p. c. on stock), $24,560 ; Jack-
son, Lansing and Saginaw RR. (3£ p. c. on stock, $70,000 ; organization expenses, $750),
$70,750 ; Joliet and Northern Indiana RR ., $89,000— total, $184,310.
7. General Balance Sheet, December 31, 1901.
Capital Stock ($100 shares) $18,738,000 00
Funded Debt Outstanding 21,101,00000
Accounts Payable t!,l>4,404 23
Special Account: New Second Track 210,000 00
Accrued Interest, 1901, Payable in 1902. 305,324 86
Dividend Payable Jan. 29, 1902 374,760 00
Income Account:
To Jan. 1, 1879 $4,609.072 31
From Jan. 1, 1879 2,654,301 90— 7,263,374 21
Construction Accounts $44,924,754 85
Main Line $31,116,257 09
Leased Lines 9,331,51490
Proprietary Lines 4,476,982 86
Investments 1,018,634 47
Fuel and Supplies 1,355,232 17
Accounts Receivable 1,279,179 29
Uncollected Earnings ... 230,805 60
Cash 1,368,256 94— 1,599,062 54
Total Assets $50,176,863 32
Total Liabilities $50,176,863 32
S. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $21,101,000, as per general
balance sheet — consisted of the several issues of bonds listed in the following statement. Additional par-
ticulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
Bond List — see General Index.
$8,000,000 Consol. 1st 7s of May 1, 1902.
2,000,000 Consol. 1st 5s of May 1, 1902.
1,500,000 Grand River Valley 1st 6s of Sept. 1, 1909.
3,576,000 Detroit & Bay City 1st 5s of March 1, 1931.
$2,600,000 Mich. Air-Line 1st 4s of Jan. 1, 1940.
700,000 Kal. & So. Haven 1st 5s of Nov. 1, 1939.
72r>.000 Terminal RR. 1st gold 4s of July 1, 1941.
2,000,000 J., L. & Sag. 1st gold 3Js of Sept. 1, 1951.
CONSOL. FIRST MTGE. BONDS. — Both issues are secured by the same mortgage, covering the main line from
Kensington, 111., to Detroit, Mich., 270.07 miles.
GRAND RIVER VALLEY BONDS.— Secured by first mortgage on the line from Rives Junction to Grand
Rapids, Mich., 83.79 miles.
DETROIT AND BAY CITY BONDS.— Secured by first mortgage on the property of the D. & B. C. RR. Co.
The bonds were issued by the Michigan Central RR. Co.
MICHIGAN AIR-LINE BONDS. — Secured by first mortgage on the line from Jackson, Mich., to South
Bend, Ind., 115 miles. The total amount authorized is $2,600,000, at the rate of $22,500 per mile. (See
Manual for 1898, page 530.)
POOR'S MANUAL — NEW YORK CENTRAL SYSTEM.
389
KALAMAZOO AND SOUTH HAVEN BONDS. — Secured by first mortgage on the line from Kalamazoo to South
Haven, Mich., 39.5 miles. The bonds have been assumed by the Michigan Central RR. Co.
TERMINAL RR. BONDS. — Secured by first mortgage on the Terminal RR. and property in Chicago and
hicago, which is leased in perpetuity. The bonds were issued by the Michigan Central RR. Co. The
amount authorized under the mortgage is $1,500,000.
JACKSON, LANSING AND SAGINAW BONDS. — Secured on the property of the Jackson, Lansing and Saginaw
RR. (see statement for that road in Sec. 12). The bonds are a direct obligation of the Michigan Central
RR. Co.
8a. New First Mortgage Gold Bonds. — On May 1, 1902, the company executed a mortgage
to the Guaranty Trust Co. of New York, as trustee, to secure an issue of $18,000,000 gold bonds covering
its entire property whether now owned or hereafter acquired. Of these bonds, $10,000,000 par value,
bearing interest at the rate of 3i p. c. per annum, have been issued to retire the $10,000,000 consol. mtge.
matured May 1, 1902. The remaining $8,000,000 of bonds are reserved to provide for improvements
and betterments. They will bear such rate of interest, not exceeding 3J p. c. per annum, as may be
determined by the directors at the time of their issue.
9. Guaranteed Bonds. — The Michigan Central RR. Co. guarantees, both as to principal and interest,
the following issues of bonds: $250,000 Bay City and Battle Creek RR. 1st gold 3s of Dec. 1, 1989, secured
on the line from West Bay City to Midland, Mich., 18 miles; $421,000 Battle Creek and Sturgis RR. 1st gold
3s of Dec. 1, 1989, secured on the line from Battle Creek to Sturgis, Mich., 41 miles; $274,000 Detroit and
Bay City RR. 8s of May 1, 1902 (retired at maturity); and $150,000 Detroit and Bay City (Bridge) 8s of
May 1, 1903. The Detroit and Bay City RR. and Detroit and Bay City (Bridge) bonds are not secured
by mortgage.
1O. Statement of operations, property, and capital account for seven years ending Dec. 31 :
1895
1896
1897
1898
1899
1900
1901
Miles of Road Worked..
Passenger Train Miles..
Freight Train Miles
Total Revenue Miles. . . .
Passengers Carried
1,642.15
4,068,388
6,918,254
1,642.37
4,709,613
6,774,479
1,057.59
4,636,766
6,993,021
1,657.53
4,661,693
7,476,813
1,657.78
4,602,920
8,061,232
1,635.48
4,837,036
8,745,052
1,643.74
5,260,464
8,127,413
11,586,642
2,663,141
163,092,843
7,470,951
1,487,989,830
3,672,502
9,177,964
800,954
11,484,092
2,564,059
156,317,124
7,276,270
1,480,251,521
3,545,656
9,412,462
863,496
11,629,787
2,456,261
154,405,319
7,627,176
1,533,606,067
3,358,159
9,450,556
888,524
12,138,506
2,600,032
144,505,752
8,682,110
1,665,158,078
9
3,215,296
9,939,553
891,300
12,664,152
2,878,008
165,057,169
10,212,988
1,950,614,387
$
3,600,025
11,000,685
903,352
13,582,088
3,012,293
177,330,729
10,367,518
2,006,102,840
$
3,889,756
11,876,037
904,338
13,387,877
3,400,075
228,293,565
11,248,211
2,079,653,670
8
4,644,230
12,858,455
987,589
Passenger Mileage
Freight (tons) Moved....
Freight (ton) Miles
Earnings — Passenger —
Freight
Other
Gross Earnings
13,651,420
9,880,732
13,821,614
10,065,897
13,697,239
9,919,193
14,046,149
10,137,874
15,504,062
11,577,424
16,730,131
12,762,284
18,490,274
14,237,831
Operating Expenses
Net Earnings
3,770,688
49,077
3,775,717
39,685
3,778,046
44,619
3,908,275
44,679
3,926,638
44,679
3,967,847
45,094
4,252,443
69,738
Other Receipts
Net Income
3,819,765
302,499
2,217,891
489,025
(4) 749,520
8,795,402
326,453
2,210,255
480,784
(4) 749,520
3,822,665
330,317
2,230,713
466,712
(4) 749,520
8,952,954
408,099
2,235,625
484,977
(4) 749,520
70,000
4,733
8,474 14
6,116 25
2,357 89
72. 25 p. C.
2.225 C.
0.597 C.
270.07
461
364
13,498
18,788,000
19,101,000
1,870,099
7,227,936
3,971,317
426,693
2,229,975
484,884
(4) 749,520
75,326
4,919
9,352 80
6,983 69
2,368 61
74.67 p. C.
2.181 C.
0.564C.
270.07
461
364
14,383
18,738,000
19,101,000
2,661,852
7,232,855
4,012,941
467,206
2,219,908
485,162
(4) 749,520
84,402
6,743
10,229 49
7,803 72
2,425 77
76.28 p. c.
2.194C.
0.592 c.
270.07
461
377
14,450
$
18,738,000
19,101,000
3,093,098
7,239,598
4,322,181
508,133
2,271,250
559,502
(4) 749,520
210,000
23,776
11,248 90
8,661 85
2,587 05
77.00 p. c.
2.034 c.
0.618 C.
270.07
461
377
14,431
s
18,738,000
21,101,000
3,074,489
7,263,374
Payments — Taxes
Bond Int —
Lease Rent.
Dividends . .
Spec. Ac'ts..
Balance, Surplus
60,830
8,313 14
6,016 95
2,296 19
72.38 p. c.
2.252 c.
0.617 c.
270.07
461
360
13,027
$
18,738,000
18,376,000
2,347,676
7,152,980
28,390
8,415 65
6,122 80
2,292 85
72.83 p. c.
2.268 c.
0.636 c.
270.07
461
363
13,224
$
18,738,000
18,376,000
2,522,834
7,181,370
45,403
8,26335
5,982 90
2,280 45
72 .43 p. C.
2.175 C.
0.616 c.
270.07
461
363
13,234
18,738,000
19,026,000
2,481,801
7,226,773
Gross Earnings p. Mile..
Operating Exp. p. Mile..
Net Earnings per Mile. .
Expenses to Earnings. . .
Av. Rate p. Pas. p. Mile
Av. Rate p. Ton p. Mile
Miles of Road Owned. . .
Locomotives*
Passenger Train Cars*. .
Freight Train Cars* ....
Capital Stock
Funded Debt t
Current Liabilities
Profit and Loss
Total Liabilities....
Construction Account..
Investments
46,614,656
42,378,411
670,696
1,348,645
2,216,903
46,818,204
42,490,130
670,696
1,661,358
1,996,020
47,472,634
43,239,151
670,786
1,393,220
2,169,477
46,937,035
43,253,590
670,878
961,898
2,050,669
47,733,707
43,255,805
670,878
1,093,625
2,713,399
48,171,696
43,215,312
763,004
1,497,178
2,696,202
50,176,863
44,924,755
1,018,034
1,355,232
2,878,242
Fuel and Supplies
Cash and Other Assets. .
Total Assets
46,614,656
46,818,204
47,472,634
46,937,035
47,733,707
48,171,696
50,176,863
• These figures include in each year the rolling stock of the Canada Southern RR. Co. t These amounts
include in 1894-1896 $8.376,000, in 1897, $9,026,000, and in 1898-1900, $9,101,009 of Michigan Central bonds secured
by mortgages on subsidiary railroads.
390 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
11. Land Department.— (Jackson, Lansing, and Saginaw RR. Co.).— Lands sold in 1901, 6,883.87
acres, at an average of $8.63 per acre. Received from land sales, $59,453.27. Lands remaining unsold, 151,-
106.87 acres.
LAND INCOME ACCOUNT, for 1901. — Receipts: Cash on hand, Jan. 1, $7,924.26; payments on land
contracts and sales, $79,532.66; interest, $11,051.60; trespass, $413.07— total, $98,921.59. Disburses nix:
Deposited to the credit of trustees, $78,987.29; taxes $4,239.03; salaries and commissions, $3,015.24; explora-
tions, $663.57; legal expenses, $228.80; miscellaneous, $428.10; balance, $10,759.56— total, $98,921.59.
ACCOUNT OF LEDYARD, POND AND JOY, TRUSTEES. — Cash on hand, Dec. 31, 1900. $12.71; received from
Land Commissioner during 1901, $78,987.29— total, $79,000. Contra: Bonds of J., L. & S. RR. Co. pur-
chased and cancelled during 1901, $61,000; cash on hand Dec. 31, 1901, $18,000— total, $79,000.
12. RAILROADS OWNED, LEASED, OR OPERATED BY THE MICHIGAN CENTRAL RR. Co.
Battle Creek and Stnrgla Ry.— Battle
Creek to Flndlay, Mich, (operated by M. C. RR. Co.),
83.80 m, ; Findlay to Sturgis (operated by the L. S.
& M. S. Ry. Co.), 7.20 m.— total, 41 m. ; total track,
45.11 miles. Rail (steel. 41 m.), 60 IDS. Chartered
Nov. 14, 1889 (see Manual for 1890). The stock is
owned, part by the Michigan Central and part by the
Lake Shore and Michigan Southern. Capital stock
($1,000,000 auth. ; $100 shares), $600,000; funded debt
(1st gold 3s of Dec. 1, 1989), $500,000— total, $1,000,-
000. Interest on $421,000 of the bonds Is paid by
the M. C. RR. Co., and on the remaining $79,000 by
the Lake Shore and Michigan Southern Ry. Co. H.
B. Ledyard, Pres. ; Henry Russell, Vice-Pres. ; A.
J. Burt, Sec. & Treas. Office, Detroit, Mich.
Bay City and Battle Creek Ry.— West
Bay City to Midland, Mich., 18 m.; total track, 28.84
miles. Rail (steel, 18 m.), 60 Ibs. Chartered Nov.
14, 1889; road opened Dec. 27, 1889. Passed under
control of the Michigan Central RR. Co., June 1,
1890, through ownership of stock. Capital stock
($100 shares), $300,000 funded debt (1st gold 3s
of Dec. 1, 1989), $250,000— total, $550,000. H. B.
Ledyard, Pres.; Henry Russell, Vice-Pres.; A. J.
Burt, Sec. & Treas. Office, Detroit, Mich.
Detroit and Bay City RR.— Detroit to Bay
City, Mich., 108 m.; Detroit Belt Line, 4.39 m. ; Caro
June, to Owendale, 33.48 m. ; Denmark June, to
Saglnaw, 16.75 m. ; Bay City Belt Line, 7.01 m. ;
Bay City Water Street spur, 5.10 m. — total, 175.73
m. ; total track, 255.05 miles. Reorganization, Feb.
26, 1881, of the D. & B. C. Ry. Co. (See Manual
for 1899, page 168.) Leased to the M. C. RR. Co.
The lessee Issued $4,000,000 50-yr. 5 p. c. bonds,
secured by a 1st mortgage on the Bay City property
(see bond statement of M. C. RR. Co.). H. B.
Ledyard, Pres.; C. M. Depew, Vice-Pres.; C. F.
Cox, Treas., New York, N. Y. ; A. J. Burt, Sec.,
Detroit, Mich.
Detroit, Delray and Dearborn RR.— Del-
ray to Dearborn, Mich., 4.84 m. ; total track, 5.84
miles. Rail (steel, 4.84 m.), 60 Ibs. Chartered Sept.
19, 1895, and road opened* same year. It is a pro-
prietary line of the Michigan Central RR. Co., which
owns all of the stock of the company. Capital stock
paid in ($50,000 auth.), $3,500; floating debt, $46,914
—total, representing cost of road, etc., $50,414. H.
B. Ledyard, Pres. ; Henry Russell, Vice-Pres. ; A. J.
Burt, Sec. & Treas., Detroit, Mich.
Grand River Valley RR.— Rives June.,
Mich., to Grand Rapids, Mich., 83.79 m. ; total track,
100.56 miles. Chartered May 4, 1846; road opened
through In the spring of 1870. Reorganized under the
general railroad law of Michigan, April 25, 1894.
Leased to the Michigan Central RR. Co. (date of
lease Aug. 15, 1870), for 999 years from April 25,
1894; rental, 5 p. c. on stock ($24.560). Capital
stock ($1.000,000 auth.; $100 shares). $491,200. This
company has no bonded debt, but two Issues of Michi-
gan Central bonds, amounting to $1.500,000, are se-
cured by 1st mortgage on this road. (See bond state-
ment of M. C. RR. Co.). Cost of road, $2,867,054.
Wm. H. Wlthington, Pres.; E. W. Barber. Sec. tc
Treas., Jackson, Mich. Office, Jackson, Mich.
Jackson. Lansing and Sag-inaw RR.—
Jackson, Mich., to the Straits of Mackinac, Mich.,
295.10 m.; Grayling to Twin Lakes, 27.80 m. ; Pin-
conning Bay to Gladwln, Mich., including branches,
62.31 m. — total, 385.21 m. ; total track, 644.22 miles.
Organized Feb. 24, 1865, and bought the incomplete
Amboy, Lansing and Traverse Bay RR., which had
been opened between Owosso and Lansing In 1863.
Leased Sept. 1, 1871, to M. C. RR. Co., to which it
transferred Its land grant. During 1901 the Sag-
lnaw Bay and Northwestern RR., 62.31 miles, was
merged into this road. Rental In 1901, $70,750.
Capital stock, $2.000,000. The consol. mtge. 5 p. c.
bonds were retired at maturity, Sept. 1, 1901, and
$2,000,000 3J p. c. 50-yr. gold bonds of the M. C.
RR. Co., secured on this property, were Issued In
place of them. Henry B. Ledyard, Fres. ; A. J.
Burt, Sec., Detrlot, Mich.; Wm. M. Thompson,
Treas., Jackson, Mich. Office, Detroit, Mich.
Joliet and Northern Indiana RR.— Lake,
Ind., to Joliet, 111., 45 miles. Leased In perpetuity
from Sept. 7, 1854 (date of completion), to the M. C.
RR. Co., which owns nearly all of its stock; annual
rental, $89,000. Dividends, $24,000; interest, $56,-
000. Capital stock, $300,000; funded debt, 1st 7s of
July 10, 1907, $800,000— total (representing cost of
road, etc.), $1,100,000. H. B. Ledyard, Vice-Pres.;
E. D. Worcester, Sec.; C. F. Cox, Treas., New York,
N. Y.
Kalamazoo and Sontb Haven RR.— Kala-
mazoo to South Haven, Mich., 39.50 m. ; total
track, 44.91 miles. Rail (steel, 39.50 m.), 65 Ibs.
Chartered April 15, 1869; road opened Jan. 2, 1871.
Leased to M. C. RR. Co.; rental (Interest on bonds).
$35.000. Capital stock, $325,400. Cost of road,
$1,025,400. This company has no funded debt, but
its property is covered by $700,000 bonds of the
Michigan Central RR. Co. Ashley Pond, Pres.; A.
J. Burt, Sec. & Treas., Detroit, Mich.
Michigan Alr-L,lne RR.— Jackson, Mich., to
South Bend, Ind.. 115.16 m. ; total track, 150.52 miles.
Rail (steel, 115.16 m.). 65 Ibs. Articles for western
section filed Aug. 25, 1868, and Oct. 11. 1870; con-
solidated with St. Joseph Valley RR. Co., Oct. 11,
1870. Dates of charter?, July 14, 1868, March 19.
1870; date of opening, Jan., 1871. Road completed
In Feb., 1871, and leased from that date to the M. C.
RR. Co. at a rental equal to the Interest accruing
on the bonds issued. Capital stock paid in ($1,000,000
auth.), $378.062.50. This company has no funded
debt, but its property is mortgaged to secure $2.-
600.000 bonds of the Michigan Central RR. Co. H.
B. Ledyard, Pres.; A. J. Burt, Sec. & Treas., De-
troit, Mich.
Terminal RR.— Chappell to Union Stock Yards,
Chicago, 10.16 m.; State Line to Grasselli, 5.18 m. —
total, 15.34 miles. Rail (steel), 70 Ibs. Chartered
April 16, 1896; road completed same year. Lea sod In
perpetuity to the M. C. RR. Co. Capital stock ($100
shares). $1.200.000. The company has no fniulod
debt, but $725,000 bonds issued by the lessee are se-
cured by first mortgage on the property. (See bond
statement of M. C. RR. Co.) F. S. Winston, Pres. ;
J. F. Meagher. Vlee-Pres. ; James Miles, Sec. &
Treas. Office, Chicago, 111.
CANADA SOUTHERN SYSTEM.— OPERATED BY THE MICHIGAN CENTBAL RR. Co.
Canada Southern Ry.— Owned: Windsor, Ont., to Suspension Bridge, 226.18 m. ; St. Clair June,
to Courtright, 62.63 m. ; Niagara to Old Fort Erie, Ont., 30.60 m. ; Amherstburg to Essex Centre, Ont.,
16.83 m.; Oil City to Oil Springs, Ont., 5.50 m.; Welland June, to Fort Erie, Ont., 17.50 m.— total, 359.24
miles. Controlled: Leamington and St. Clair Ry., 13.80 m.; Sarnia, Chatham and Erie Ry., 7 m. ; Canada
Southern Bridge, 3.66 m.; Toledo, Canada Southern and Detroit Ry., 58.92 m. ; Michigan Midland and
Canada RR., 14.68 m.— total, 98.06 miles. Total 'operated, 457.30 m.; 2d track (owned, 132.36 m. ; controlled,
2.35 m.), 134.71 m.; sidings (owned, 167.76 m.; leased, 1.96 m.; controlled, 100.29 m.), 270.01 m.— total
POOR'S MANUAL— NEW YORK CENTRAL SYSTEM.
391
track, 862.02 miles. Rail (steel), 60 Ibs. This mileage does not include 15 miles of the London and Port
ige rights.
The Erie and Niagara Ry.
Stanley Ky. (from St. Thomas to London), over which the company has trackage rights,
llisi. ay. —Chartered in Canada, Feb. 28, 1808; entire line opened Nov. 15, 1873.
operating expenses and fixed charges of both companies and the net surplus to be then divided in the pro-
u of two-thirds to the M. C. and one-third to this company; the proportions being subject to readjust-
ment at the end of the fifth, tenth, and fifteenth years. Since Jan. 1, 1893, the M. C. takes 60 p. c. and the
H) p. c. of the first $1,000,000 of net surplus, and any excess above that amount is divided in the pro-
portion of two-thirds to the Michigan Central and one-third to the Canada Southern.
Income Account, Dec. 31, 1901.— Proportion of net earnings, $375,238.40; other Income, $1,832.86;
balance from 1900, $12,245.43— total, $389,316.19. Contra: Paid dividends (No. 33, Aug. 1, 1901, 1 p. c.:
Feb. 1, 1902; li p. c.), $375,000. Surplus, $14,316.19.
General Balance Sheet, Dec. 31, 1901.— Capital stock, $15,000,000; funded debt $20,002,131.47; dividends
payable Feb. 1, 1902, $225,000; dividends unclaimed, $456.25; accounts payable, $879.98; income account,
414,316.19— total, $35,242,783.89. Contra: Construction, etc., $28,897,761.11; securities owned (see below),
$5,973,335; other investments, $11,100; accounts receivable, $30,361.68; due from lessee, $224,880.81; reserve
fund on 2d track, $87,207.05; cash and cash assets, $18,138.24— total, $35,242,783.89.
Funded debt, Dec. 81, 1901: $14,000,000 1st 5s of Jan. 1, 1908; $6,000,000 2d 5s of March 1, 1913; and
$2,131.47 old 2d mtge. bonds. Interest on 1st mtge. bonds was guaranteed by the New York Central and
Hudson River RR. Co. for the first 20 years. The 1st mtge. bonds are secured upon the main line and
branches owned, 328.64 miles, and upon the proprietary interest in the Canada Southern Bridge. The
2d mtge. bonds are secured on the Canada Southern Ry. and undertaking, and all its equipment, appurten-
ances and property of every kind, as well as upon its proprietary interests in the Toledo, Canada Southern
and Detroit Ry. Co. and the Michigan Midland and Canada RR. Co., and upon any and all branch lines to
be constructed or acquired, and the bridge over the Niagara River, subject only to the 1st mtge. of $14,-
000,000. The bonds are issued in accordance with section 5 of the first part of an agreement dated Dec.
12, 1882, between the Canada Southern Ry. Co. and the Michigan Central RR. Co., which provides for
certain new lines, improvements, etc.
Stocks and Bonds Owned.— Stocks : Canada Southern Bridge Co., $450,000; Toledo, Canada Southern and
Detroit Ry. Co., $1,547,662.50; Michigan Midland and Canada RR. Co., $291,300; Sarnia, Chatham and Erie
Ry. Co., $33,000; Niagara River Bridge Co., $700,000; Leamington and St. Glair Ry. Co., $50,000— total,
$3,071,962.50. First mtge. bonds: Canada Southern Bridge Co., $1,000,000; Toledo, Canada Southern and
Detroit Ry. Co., $1,511,737.50; Michigan Midland and Canada RR. Co., $323,635; Sarnia, Chatham and Erie
Ry. Co., $66,000— total, $2,901,372.50.
Directors. — Wm. K. Vanderbilt, Frederick W. Vanderbilt, Samuel F. Barger, Edward A. Wickes, Chauncer
M. Depew, Joseph E. Brown, Charles F. Cox, New York, N. Y. ; Henry B. Ledyard, Detroit, Mich.; Nicol
Kingsmill, Toronto, Ont. Officers: Charles F. Cox, Pres. & Treas. ; Edward A. Wickes, Vice-Pres.. New York.
N. Y. ; Nicol Kingsmill, Sec., Toronto, Ont. General Office, St. Thomas, Ont. New York Office, Grand
Central Station.
CANADA SOUTHERN BRIDGE.— Slocum June,
to Stony Island, 3.66 m. ; total track (steel; 56 Ibs.),
B.21 miles. Organized Aug. 20, 1873; opened Sept.,
1873. Operated In connection with the Canada South-
ern (which owns all its stocks and bonds) by the
Michigan Central RR. Co. Capital stock, $450,000;
funded debt, 1st 7s of Feb. 1, 1904, $1,000.000—
total, $1,450,000. H. B. Ledyard, Pres., Detroit,
Mich.; C. F. Cox, Vice-Pres. & Treas., New York,
N. Y. ; N. Kingsmill, Sec., Toronto, Ont.
LEAMINGTON AND ST. CLAIR RY.— Comber
to Leamington, Ont., 13.80 m.; total track (steel; 66
Ibs.), 18.18 miles. Chartered March 2, 1887; road
opened throughout In Nov., 1888. Leased for 15 years
from March 1, 1889, to the Canada Southern Ry. Co.
Purchased by that company In June, 1895. Capital
stock (all owned by C. S. Ry. Co.), $50,000; funded
debt, 1st 4s of Oct. 1, 1945, $130,000— total. $180,-
000. Principal and interest of bonds guaranteed,
hy endorsement, by the Canada So. Ry. Co. C. F.
Cox, Pres. & Treas., New York, N. Y.; N. Kings-
mill, Sec., Toronto. Ont.
MICHIGAN MIDLAND AND CANADA RR.—
Lenox to St. Clalr, Mich., 14.68 m.; total track, 15.61
miles. Chartered Sept.*17, 1872. Road opened Dec.
4, 1874. Stock of this company is controlled and its
bonds owned by the Canada Southern Ry. Co., and
road operated by the Michigan Central RR. Co., as a
part of the Canada Southern system of roads, under
an agreement for joint operation made Dec. 12, 1882,
between the Michigan Central and Canada Southern
RR. Cos. Capital Btock ($100 shares), $300,000;
funded debt (1st 7s of Jan. 1, 1900), $323,635.
Charles F. Cox, Pres. & Treas.; E. A. Wickes, Vice-
Pres., New York, N. Y. ; N. Kingsmill, Sec., Tor-
onto, Ont. General Office, Detroit, Mich.
SARNIA, CHATHAM AND ERIE RY Petrolia
June, to Petrolia, Ont., 7 m. ; total track, 8.33 miles.
Built in 1877. Controlled by the Canada Southern
Ry. Co. Capital stock ($33,000 held by Canada
Southern Ry. Co.), $60,000; funded debt (1st mtge.
6 p. c. bonds; all held by Canada Southern Ry.
Co.), $66,000— total stock and bonds, $126,000. C. F.
Cox, Pres. & Treas., New York, N. Y. ; N. Kingsmill,
Sec., Toronto, Ont.
TOLEDO, CANADA SOUTHERN AND DE-
TROIT RY.— West Detroit, Mich., to Can. So. June.,
O., 65.87 m. ; Toledo Belt Line, 3.05 m.— total, 5892
m. ; total track, 130.67 miles. Consolidation, July 19,
1872, of the Detroit and State Line RR. Co. of Michi-
gan and Junction Ry. Co. of Ohio. Stocks and bonds
owned by the Canada Southern Ry. Co., and the road
is operated by the Michigan Central RR. Co. as a
part of the Canada Southern system of roads, under
an agreement for joint operation, made Dec. 12, 1882,
between the Michigan Central and Canada Southern
RR. Cos. Capital stock ($2,000,000 auth.; $100
shares), $1,547,662.50; funded debt (1st gold 7s of
Jan. 1. 1906; Int. J. & J., in New York, $1,500,000;
1st mtge. bond scrip, $11,737.50), $1,511,737. Charles
F. Cox, Pres. & Treas.; E. A. Wickes, Vice-Pres.,
New York, N. Y.; N. Kingsmill, Sec., Toronto, Ont.
General Office, Detroit, Mich.
13. Board of Directors, Michigan Central RR. Co., elected May 2, 1902.
CHATJNCEY M. DEPEW, Chairman of the Board New York, N. Y.
Henry B. Ledyard Detroit, Mich.
H. McK. Twombly .New York, N. Y.
Chauncey M. Depew "
Samuel F. Barger. .New York, N. Y.
Wm. K. Vanderbilt "
Edwin D. Worcester " "
Ashley Pond Detroit, Mich.
Fred. W.Vanderbilt.New York,N. Y.
Fred'k S. Winston Chicago, 111.
H. B. LEDYARD, President Detroit, Mich.
E. D. Worcester, Vice-President and Secretary New York, N. Y.
Tnawrvr— Charles F. Cox New York, N. Y. | Auditor— A.. Judson Burt Detroit, Mich.
( Grand Central Station, New York, N. Y.
GENERAL OFFICES < Foot of Third Street, Detroit, Mich.
(Mouadnock Building, Chicago, III.
392 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
NEW YORK CENTRAL SYSTEM.— THE NEW YORK, CHICAGO AND ST. LOUIS
RAILROAD COMPANY.
( Chicago & State Line RR.: Indiana Line to Grand Crossing, 111.9.96
iD: (Lake Shore & Mich. So. Ry.: Silver Creek, N. Y., to Dunkirk.7.84— 17.80 "
TRACKAGE- \ Erie RK : ln Buffal°' ^ Y ............................... *'W
3E- j Lake Shore & Mich. So. Ry. : Grand Crossing to Chicago, 111.8.90— 10.50 ' •
Total length of lines operated, Dec. 31, 1901 ............................. 523.02 miles.
3d track (owned, 6.24 m.; leased, 9.21 m.), 15.45 m.; sidings (owned, 173.43 m. ; leased, 23.75
m.), 197.18 miles. Gauge, 4 ft. 8$ in. Rail (steel), 60 and 65 Ibs.
History. — Reorganization in Sept., 1887, after foreclosure sale, May 19, 1887, of the
New York, Chicago and St. Louis Ry. Co. (See MANUAL for 1890, page 232.) The Lake
Shore and Michigan Southern Ry. Co. owns $6,240,000 of the common stock, $2,503,000 of
the 1st preferred stock, and $6,275,000 of the 2d preferred stock. The line forms a part of
the N. Y. C. & H. R. RR. Co.'s system, but is operated as an independent organization.
Rolling Stock, Dec. 31, 1901. — Locomotives, 159. Cars — passenger, 49; dining, 3;
baggage, mail, and express, 19 ; freight (box, 5,827 ; flat, 818 ; stock, 69 ; coal, 711), 7,425 ;
service 129 — total, 7,625. Of this equipment, 23 locomotives, 1,771 box cars, and 500 coal
cars are held under car trusts.
General Income Account, year ending December 31, 1901.
Earnings— Passenger ..................... $1,304,105 06
Freight ........................ 6,067.828 49
Mail and Express .............. 103,640 92
Miscellaneous ................. 9,909 43
Expenses — Maint. of Way and Structures. $873,079 71
Maintenance of Equipment. . . 2,252,236 56
Conducting Transportation... 2,403,61357
Rentals of Terminals
General Expenses
88,91200
118,82204
Total ($14,312.04 per mile) $7,485,483 90 Total ($10,968.36 per mile) $5,736,603 88
Net earnings (23.86 p. c.), $1,748,820.02; add interest, $32,291.16— total, $1,781,111.18.
Payments : Interest on funded debt, $777,000 ; taxes, $225,962.06 ; lease rentals, $5,000 ;
rental of equipment, $154,217.13 ; dividends on 1st preferred stock (5 p. c.), $250,000 ; on
2d preferred stock (3 p. c.), $330,000— total, $1,742,179.19. Surplus, $38,931.99 ; surplus for-
ward, $307,969.29— total, $346,901.28.
Statement of operations, earnings, etc., for eight years ending Dec. 31 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles Operated . . .
Pass. Train Miles
Fght Train Miles.
Tot.EngineMil'ge
Pass'ng'rs Carried
Passenger Mile'ge
Tons Fgt. Moved.
Tonnage Mileage.
Earnings— Pass . .
Fr'ght.
Other..
Or. Traf . Earn'gs.
Expen. and Taxes
Net Earnings
Other Receipts...
Available Rev'nue
Interest
523.02
1,072,967
3,879,371
6,106,810
473,441
45,158,591
3,034,772
896,657,971
761,938
4,792,297
75,004
523.02
1,077,095
4,172,032
6,493,219
533,577
58,096,803
3,569.030
1,024,736,918
$
924,700
5,307,777
85,474
522.52
1,067,625
3,868,099
6,088,514
482,343
45,753.614
3,148,250
890,773,263
$
804,915
4,689,0%
93,755
522.52
1,149,051
3,879,739
6,144,861
461,889
54.707,985
3,313,549
904,102,727
$
876,977
4,843,568
94,672
523.02
1,205,875
4,146,358
6,541,140
493,622
62,144,040
3,816,G86
1,046,143,799
$
962,966
5,330,676
97,779
523.02
1,210,538
4,274,807
6,701,973
503,758
68,807,094
4,275,908
1,220,480,233
$
1,104,198
5,713,492
102,295
523.02
1,208,437
4,332,930
6,707,932
577,784
66,548,451
4,069,359
1,210,172,317
1,130,092
5,785,206
108,060
523.02
1,200,460
4,367.553
6394,939
668,250
83,048.712
4,623.086
1,339,545,971
1,304,105
6,067>2-S
113,551
5,629,239
4,671,978
6,317.951
5,089,719
5,587,766
4,699,151
5,815,217
4,816,319
6,391.421
5,444,523
6,919,985
5,712,451
7,023,358
5,686,764
7,4S5,484
5.962.026
957,261
6,990
1,228,232. 888,615
8,584 9,643
998,898
7,299
946,898
5,956
1,207,534
11.351
1,336.594
26,721
1,632.858
!
964,251
777,000
1,236,816
777,000
*250,000
178,507
898,258
777,000
"'171472
1,006,197
f77,000
(2) 100,000
1-21,541
952,854
777,000
iiV',89i
1,218,885
777,000
*250.000
113,242
1,363,315
777,000
t470,000
109.592
1,505,149
777.000
$580,000
159,217
Dividends
Rentals, etc
Total Paym'ts
Balance (+ or — )
Or. Earn. p. Mile
Oper. Exp. p. Mile
Net Eani'gs p. M.
Expen. to Earn'gs
Av.R.p.Pas. p.M.
Av. R.p.Tonp.M.
177.925
954,925
+ 9,326
10,762 95
8,932 69
1,83026
82.99 p. c.
1.69 c.
0.53 c,
1,205,507
+ 31,308
12,079 75
9,731 40
2,34835
81.99 p. c.
1.59 c.
0.51 C.
948,172
- 49,914
10,693 88
8,993 25
1,700 63
84.10 p. c.
1.76c.
0.53 c.
998,541
+ 7,656
11,129 18
9,217 48
1,911 70
82.82 p. C.
1.60 c.
0.54 c.
894,391
+ 58,463
12,220 22
10,409 78
1,81044
85.19 p. c.
1.55c.
0.51 c.
1,140,242
+ 78,643
13,230 82
10,922 05
2,30877
82.55 p. c.
1.60 C.
0.47 C.
1,356,592
+ 6,723
18,428 47
10,872 94
2,55553
80.97 p. C.
1.70C.
0.48 C.
1,516.217
+ 38,932
14,312 04
11,40038
2,911 66
79.66 p. c.
1.57 c.
0.45 c.
* 5 p. c. on 1st preferred stock t 5 p. c. on 1st preferred stock, 2 p. c. on 2d preferred stock. J 5 p. c.
on 1st preferred stock, 3 p. c. on 2d preferred stock.
POOE'S MANUAL OF RAILROADS.
393
General Balance Sheet, December 31, 1901.
Cost of Road $46,086,15792
Cost of Equipment 3,720,846 50
Materials and Supplies 201,600 83
Other Assets 20,479 17
Hills Receivable 7200
Current Accounts and Balances 935,035 08
Cash on Hand 1,945,102 43
Total Assets $52,909,353 93
Common Stock ($100 shares) $14,000,000 00
Preferred Stock ($100 shares) 16,000,00000
Funded Debt Outstanding 19,425,00000
Current Liabilities 2,357,222 65
Interest and Rentals Accrued 238,333 30
Sinking Fund Account 541.896 70
Profit and Loss 346,901 28
Total Liabilities $52,909,353 93
Capital Stock.— Preferred stock consists of $5,000,000 first preferred, and $11,000,000 second pre-
ferred. It is entitled to 5 p. c. non-cumulative, in the order of priority, ahead of common. Including the
dividend payable March 1, 1902, nine payments have been made on 1st preferred stock, and two on
2d preferred 'stock. (See General Index, for Table of Dividends Paid by Railroad Companies.)
Fancied Debt. — The funded debt consists of 1st 4s of Oct. 1, 1937, secured on the entire property of
the company. A sinking fund of $100,000 per annum is provided, when net earnings are $900,000 or upwards,
if bonds can be purchased at or below 102; if not, the sinking fund lapses for that year. The original
issue of bonds was $20,000,000, and it has been reduced to present amount by sinking fund purchases.
Car Trust Certificates. — Car trust certificates to the amount of $600,000, bearing 5 p. c. interest,
were issued in 1892, $60,000 being payable Sept. 1, yearly, from 1893 to 1902, both inclusive, $350,000 were
issued in Feb., 1896, $23,000 being 'payable Feb. 15, yearly, from 1897 to 1906 inclusive, and $24,000
from 1907 to 1911 inclusive, and $400,000 were issued in Dec., 1900, $20,000 being payable June 30 and
Dec. 31, from 1901 to 1910 inclusive.
RAILKOAD LEASED BY THE N. Y., C. & ST. L. RR. Co.
Chicago and State Line RR.— Ind. State
Line to Grand Crossing, 111., 9.96 miles. Leased Sept.
20, 1887, to the N. Y., C. & St. L. RR. Co., at a
rental of $100 per annum, other receipts, 1900, $333;
total expenses, $333. Surplus, $100. Capital stock,
$1,500,000; profit and loss, $680— total, $1,600,680.
Contra: Cost of road, etc., fl.BOO.OOO; other assets,
$680— total, $1,500,680. I. L. Lockwood, Pres., Chi-
cago, 111.; H. Hammersley, Sec. & Treas., Cleveland,
O. Office, Chicago, 111.
Board of Directors, New York, Chicago and St. Louis RR. Co., elected May 7, 1902.
CHAUKCEY M. DEPEW, Chairman of the Board New York, N. T.
W. K. Vanderbilt. .New York, N. Y.
W. Emlen Koosevelt "
Fred. W. Vanderbilt "
H. McK. Twombly
Fred. P. Olcott. . . .New York, N. Y.
Charles M. Eeed Erie, Pa.
Ralph W. Hickox Cleveland, O.
S. E. Williamson. .New York, N. Y.
Chauncey M.Depew.New York,N.Y.
W. H. Newman "
Wm. H. Canniff Cleveland, O.
John S. Kennedy . .New York, N. Y.
Charles F. Cox New York, N. Y.
WM. H. CANNIFF, President Cleveland, O.
Sec. & Treas.— Charles F. Cor New York, N. Y. | Auditor— Henry V. Fountain Cleveland, O
PRINCIPAL OFFICE AND ADDRESS Cleveland, O.
PERE MAR(1UETTE RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock, Description of 7
Directors and Officers 13
Earnings, Expenses, etc 5
Funded Debt, Description of. ... 8
General Balance Sheet, Dec. 31,
1901 6
Gen. Balance Sheet, 1900-1901. ... 10
History 1
Income Account, Dec. 31, 1901. . . 5
Income Account, 1900-1901 10
Investments 9
Land Department 11
Leased Lines, Statements of 12
Marine Department 2
Mileage Operated Dec. 31, 1901.. . 3
Operations and Income, 1900-1901 10
Rolling Stock 4
1. History. — Organized Nov. 1, 1899, for the purpose of consolidating the Flint and Pere
Marquette RR. Co., the Detroit, Grand Rapids and Western RR. Co., and the Chicago and
West Michigan Ry. Co., pursuant to the readjustment agreement dated May 20, 1899, an
outline of which is in the MANUAL for 1899, on page 1413. The properties of the companies
named and of the Chicago and North Michigan RR. Co. were acquired by purchase under
the laws of Michigan, subject to the mortgages and other liens existing on them at the time
of the purchase, the company issuing in payment for such properties all of its common and
and preferred stock. The company also acquired the Grand Rapids, Belding and Saginaw
RR., from Belding to Freeport, Mich., 28 miles, by purchase of its entire capital stock.
2. Marine Department. — The company operates steamship lines on Lake Michigan,
from Ludington to Manitowoc, from Ludington to Milwaukee, from Muskegon to Milwaukee,
and from Ottawa Beach to Milwaukee. The marine equipment consists of 2 steel car ferries
of 30 cars capacity each, 1 wooden car ferry of 26 cars capacity, and 4 combination freight
and passenger steamers. One of the steel car ferries was added to the fleet during the year
1901, and an order was placed for another for delivery in the fall of 1902.
394: POOR'S MANUAL or RAILROADS— CENTRAL NORTHERN GROUP.
3. Mileage Operated, Dec. 81, 1901.— A. LINES OWNED (total, 1,706.89 miles).
Toledo Division : Between Alexis, O., and Saginaw, Mich 172.53 mile
Business Producing Branches 1.71
Bay City Division : Between Saginaw and Bay City, Mich 19.41
Ludington Division : Between Saginaw and Ludington, Mich 190.49
Business Producing Branches. 17. 55
Manittee Division : Between Merritt and Manistee, Mich 27.06
Business Producing Branches 4.40
Port Huron Division : Between Saginaw and Port Huron, Mich ... 124.39
Port Austin Division : Between Port Huron and Grindstone City, Mich 110.63
Petoskey Division : Between Grand Rapids and Bay View, Mich 248. 18
Business Producing Branches 17.49
Big Rapids Division : Between Berry and Big Rapids, Mich 52. 04
Muskegon Division : Between Allegan and Pentwater, Mich 127.70
Business Producing Branches 3.48
Detroit Division : Between Plymouth and Oak, Mich 29.26
Grand Rapids Division : Between Plymouth and Grand Rapids, Mich 182.94
Business Producing Branches 4.24
Saginaw Division : Between Elmdale and Paines, Mich 102.58
Ionia Division : Between Grand Ledge and Big Rapids, Mich 165.78
Business Producing Branches 2.58
La Crosse Division : Between La Crosse, Ind., and New Buffalo, Mich 87.61
Chicago Division ; Between New Buffalo and Grand Rapids, Mich 114.94
B. LEASED LINES (total, 111.56 miles).
Bay City Belt Line : At Bay City, Mich 6.25
Saginaw, Tuscola and Huron RR. (see appended statement) 65.79
Grand Rapids, Kalkaska and Southeastern RR. (see appended statement). ... 39.52 "
0. TRACKAGE BIGHTS (total, 18.97 miles).
Michigan Central RR.: Lansing to North Lansing, Mich 1.04 "
Michigan Central RR. : Mershon to Paines, Mich 6.70
Ann Arbor RR. : Toledo to Alexis, O 6.63 " i
D. U. RR., D. & S. Co.: Delray to 18th St., Detroit 8.24
Fort Street Union Depot : 18th St. to 3d St., Detroit 1.36 "
D. OWNED JOINTLY WITH OTHERS.
Detroit and Mackinac RR. Bridge, Bay City (P. M. RR. owns one-half) 0.26 "
Total length of lines operated, Dec. 31, 1901 1.837.68 miles.
Sidings (owned, 527.11 m.; leased, 26.27 m.; trackage, 8.95 m.), 562.83 miles. Gauge, 4 ft.
8iin.
4. Rolling Stock, Dec. 31, 1901. — Locomotives, 250. Cars— passenger, 174; combina-
tion, 34 ; baggage, mail and express, 60 ; freight (box, 4,761 ; refrigerator, 114 ; stock, 105 ;
furniture, 390 ; flat, 2,633 ; coal, 924 ; charcoal, 105), 9,032 ; service, 252— total, 9,552. Of
this equipment 4 locomotives and 140 cars (5 passenger, 1 comhiuatiou, 1 baggage, mail and
expreps, 78 box, 3 refrigerator, 14 stock, 27 flat, 8 coal and 3 service) are narrow gauge.
Twelve of the narrow gauge flat cars are leased.
5. General Income Account, year ending December 31, 1901.
EARNINGS. 1900 1901
Passenger $2,414,10330 $2,573,93662
Freight 5,540,188 87 6,257,373 30
Mail 219,723 80
Express 104,93426 130,50310
Miscellaneous 17,16144 18,03(3 33
Totals $8,296,111 67 $9,201,175 20
Totals per Mile 5,00281 4,55507
EXPENSES. 1900 1901
Maint. Way and Structures. .$1,860,227 34 $1,586,996 52
Maintenance of Equipment.. 1.048.12731 1.038,19785
Conducting Transportation.. 3,084,26392 3,581,26851
General Expenses 202,904 33 Ili!',3s9 13
Marine Expenses 373,17813 422,18759
Totals. . . . . $6,068.701 03 $6,828,039 60
Totals per Mile 3,33209 3,71068
Net earnings, 1901 (25.79 p. c.), $2,373,135.60. Payments: Taxes, $28 .',172. 42 ; inter-
est charges, $1,356,388.74 ; sinking fund, equipment bonds, $152,500 ; dividends on preferred
stock, 2 p. c. each (No. 2, Aug. 15, 1901, $210,202 ; No. 3, Feb. 15, 1902, $210,244), $420,446
— total, $2,211,507.16. Surplus, $161,628.44 ; add net proceeds from land department,
$50,519.49— total, credited to general improvement fund, $212,147.98.
POOR'S MANUAL— PERE MARQUETTE RR. CO.
895
6. General Balance Sheet, December 31, 1901.
Cost of Road and Equipment $54,829,180 64
Equipment: Equipment Companies 1,183,00000
luv.MiiiL-nts 1,410,49183
.UK! Hills and Accounts Receivable. 734,904 48
uil on Hand 397,760 30
Upon Accounts 807,699 42
Trustees' Equipment Companies 60,959 48
Total Assets $59,423,996 15
Capital Stock— Common $18,000,000 00
Capital Stock— Preferred 12,000,000 00
Funded Debt 29,447,97813
Accrued Bond Interest 325,570 19
Unpaid Coupons, Vouchers and Pay Rolls 1,121,463 31
Unpaid Taxes 256,057 04
Unpaid Dividends (inc. Feb. 15, 1902) 211,968 00
Sinking Funds Equipment Bonds 60,959 48
Total Liabilities $59,423,996 15
7. Capital Stock. — Preferred stock is entitled to dividends at the rate of 4 p. c. per annum, non-
cumulative, in priority to common stock. The amount of the preferred stock may be increased at any
time, and from time to time, with the consent of the holders of a majority of the preferred stock and of
a majority of the common stock at the time outstanding.
8. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $29,447,978.13, as per general
balance sheet — consisted of the several issues of bonds, listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the state-
ment; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready
Reference 'Bond List— sec General Index:
$1,667,000 00 C. & N. M. 1st 5s of May 1, 1931.
19,000 00 G. R., N. & L. S. 1st 7s of June 1, 1905.
5,379,168 13 P., G. R. & W. 1st 4s of April 1, 1946.
1,000,000 00 S., T. & H. RR. 1st gold 4s of Aug. 1,1931.
157,000 00 Mich. Equip. Co., Ltd., 6s of June 1, 1902.
105,000 00 West. Equip. Co., 6s of April 1, 1909.
921,000 00 Marq. Equip. Co., Ltd., 5s of Oct. 1, 1910.
71,810 00 C. & W. M. coupon scrip.
$2,500,000 00 P. M. RR. consol. gold 4s of Jan. 1, 1951.
4,000,000 00 F. & P. M. 1st gold 6s of Oct. 1, 1920.
1,000,000 00 F. & P. M. 1st gold 4s of Oct. 1, 1920.
2,850,000 00 F.&P.M.lst consol. gold 5s of May 1,1939.
3,500,000 00 F.&P.M.Pt.Hur.Div.gold5s of April 1,1939.
400,000 00 F. & P. M. Tol. Div. 5s of July 1, 1937.
120,000 00 P. M. Tr. Co. (Car Ferry) gold 6s of
1902-07.
5,758,000 00 C. & W. M. 1st 5s of Dec. 1, 1921.
CONSOL. MTGB. BONDS, P. M. RR. Co.-^Secured on the entire property of the company, subject to prior
liens. Authorized issue, $50,000,000. Sufficient bonda are reserved for the retirement of the prior liens.
FLINT AND PERE MARQUETTE IST MTGE. BONDS. — Both issues are secured by the same mortgage, covering
the road from Monroe to Ludington, the Flint River Branch and the Saginaw and the Bay City Branch, a
total of 279.90 miles.
FLINT AND PERE MARQUETTE IST CONSOL. MTGE. BONDS.— Secured by first mortgage on 119.72 miles of
branches and by second mortgage on the property covered by the F. & P. M. 1st mtge. bonds.
F. & P. M. PORT HURON DIVISION BONDS.— Secured by first mortgage on the Port Huron and Port Austin
Divisions (Saginaw to Port Huron, 90.3 m.; Port Huron to Almont, 34.09 m. ; Port Huron to Grindstone
City, 92.33 m. ; Palms to Harbor Beach, 18.3 m.), 235.02 miles.
F & P. M. TOLEDO DIVISION BONDS. — Secured by first mortgage on the line from Monroe, Mich., to
Toledo, 0., 18.72 miles, and on all property appertaining thereto. The mortgage also covers the lease for
trackage and terminals with the Ann Arbor RR., at Toledo, O.
PERE MARQUETTE TRANSPORTATION Co. BONDS. — Secured by first mortgage on Car Ferry No 15.
CHICAGO AND WEST MICHIGAN CONSOL. MTGE. BONDS. — Secured by first mortgage on the following lines,
subject to the lien of the G. R., N. & L. S. bonds, mentioned in the following paragraph: La Crosse, Ind.,
to Traverse City, Mich., 300.83 m. ; Allegan to Pentwater, Mich., 98.82 m. ; Big Rapids Junction to Big
Rapids, Mich., 51.6 m. ; Mears to Hart, Mich., 3.78 m. ; Kirks to Muskegon, Mich., 11.98 m. ; Pickands to
Fruitport, Mich., 1.76 m.; Muskegon to Port Sherman, Mich., 5.11 m. ; Cronje to Ottawa Beach, Mich.,
6.25 m.— total, 480.13 miles.
GRAND RAPIDS, NEWAYGO AND LAKE SHORE BONDS. — Secured by first mortgage on the line from
Newaygo to White Cloud, Mich., 10 miles.
CHICAGO AND NORTH MICHIGAN BONDS. — Secured by first mortgage on the following lines: Traverse City
to Bay View, Mich., 79.02 m. ; Williamsburg to Elk Rapids, Mich., 9.51 m.— total, 88.53 miles.
DETROIT, GRAND RAPIDS AND WESTERN IST CONSOL. MTGE. BONDS. — Secured by first mortgage on the
following lines: West Detroit to Grand Rapids, Mich., 146.64 m. ; Kiddville to Strong, Mich., 9.28 m. ; Grand
Ledge to Big Rapids, Mich., 93.24 m. ; Mecosta Junction to Barryton, Mich., 11.17 m. ; Remus to Weidman,
Mich., 13.36 m. ; Rodney to Chippewa, Mich., 5.47 m. ; Belding to Paines, Mich., 100.57 m.— total, 379.73 miles.
SAGINAW, TUSCOLA AND HURON IST MTGE. BONDS.— Secured by first mortgage on the Saginaw, Tuscola and
Huron RR. (see appended statement). Both principal and interest are guaranteed by the Pere Marquette
RR. Co.
THE MICHIGAN EQUIPMENT Co., LTD., BONDS.— Secured on 200 furniture cars, 325 box cars, 20 gondola cars
and 6 locomotives. There is a sinking fund sufficient to retire the bonds at maturity. The bonds are
subject to redemption at any time on sixty days' notice.
THE WESTERN EQUIPMENT Co., LTD., BONDS.— Secured on 100 flat cars and 100 refrigerator cars. There
is a sinking fund sufficient to retire the bonds at maturity.
THE MARQUETTE EQUIPMENT Co., LTD., BONDS.— Secured on 900 box cars, 200 coal cars, 10 caboose cars
and 17 locomotives. The authorized issue is $1,000,000. Bonds amounting to $998,000 have been issued,
but $74,000 of them have been retired by action of the sinking fund, leaving outstanding at this time
(April 24, 1902) $924,000. A sinking fund is provided by which one-tenth of the total amount of bonds
is to be retired each year at par and accrued interest, the privilege being reserved by the Pere Marquette
RR. Co. to increase that 'amount or pay the entire issue at par and accrued interest at any time on sixty
days' notice.
CHICAGO AND WEST MICHIGAN COUPON SCRIP.— Thia scrip, originally amounting to $663,902.50, was called
for payment, at par, on Nov. 1, 1901, and Dec. 2, 1901, and interest on it has ceased.
9. Investments.— The following is a detailed statement of the company's Investments in stocks,
bonds, and properties on Dec. 81, 1901:
Fort Street Union Depot Co., stock $500,000 00
Bay City Belt Line RR., stock 96,50000
Bay City Belt Line RR 25,10453
Pere Marquette Transportation Co., stock 176,460 18
Pere Marquette Transportation Co 120,000 00
Stocks and Bonds 175,00000
G. R., Bslding and Saginaw RR., stock.. $24,125 00
Brought Forward $1,117,189 71
Charlevoix Imp. Co. , Mtges 60,000 00
Ottawa Beach Hotel Property 76,282 50
R««l B«tat«, Detroit 157,01962
Total $1,410,491 83
396 POOR'S MANUAL OP RAILROADS— CENTRAL NORTHERN GROUP.
1O. Statement of operations, property and capital accounts, for two years ending, Dec. 81 :
1900
1901
1900
1901
Wiles Railroad Operated
1,821.29
2,956,718
3,211,422
1,837.68
3,217,524
8,50:2,343
GI-OBS Earnings per Mile
4,55507
3,33209
1,22298
73.] 5 p. C.
2.18 c.
0.80 c.
1,691.70
2,181.65
224
271
8,126
S
16,000,000
12,000,000
:>ijt;H3,o;i
1,976,508
S
5,00281
3,710 68
1.29213
74.21 p. C.
2.01 C.
0.73 C.
1,706.89
2,234.00
250
272
9,280
S
16,000,000
12,000,000
29,447,WJ
Passenger Train Mileage
Operating Expenses per Mile.
Net Karniugs per Mile
Freight Train Mileage ....
Total Mileage, Revenue Trs.
Passengers Carried
6,168,140
2,853.495
105,760,378
5,675,599
639,329,323
$
2,414,103
5,540,189
341,819
6,779,867
8,382,443!
123,789,849
6,439,247
791,039,930
$
2,573,937
6,257,373
369,865
Aver. Earn, per Pass, per Mile
Aver. Earn, per Ton per Mile.
Miles Railroad Owned ....
Freight (tons) Moved
Freight (ton) Miles
Miles Track Owned
Locomotives
Earnings — Passenger ....
Passenger Train Cars
Freight Train Cars
Freight
Common Stock
Other
Total
8,296,111
6,068,701
9,201,175
6,828,040
Funded Debt
Current Liabilities
Total Liabilities
2,827,410
261,891
1,319,330
*
(4) 480,000
2,373,135
282,172
1,356,389
152,500
(4) 420,446
50,769,579
53,102,703
416,000
777,085
406,300
2,067,491
59.423.! 9«
54.-
i.moo
1.4TM92
1,003,:. 63
Cost of Road, etc
Interest
(Trust Equipment
Sinking Fund ....
Pref. Dividends...
Total
Investments
'Materials and Supplies
2,061,221
166,189
2,211,507
161,628
Total Assets
Surplus
50,769,579
59,423,996
* Equipment sinking fund payments in 1900 (amount, $69,233.32) were charged in operating expenses
to repairs of freight cars.
11. Land Department. — During the year ending Dec. 31, 1901, there were sold 2,842.81 acres for
$16,506.62, an average of $5.81 an acre. Lands unsold Deo. 31, 1901, 33,872.95 acres. Bills receivable on hand
Dec. 31, 1901 (principal, $38,488.65; interest, $6,065.08), $44,553.73. Receipts during year: Contracts
(principal, $50,725.87; interest, $6,190.39), $56,916.26; interest on deposits, $573.24— total, $57,489.50. Pay-
ments (taxes and sundries, $5,595.01; land office expenses, $1,000; trustee and clerical services, $375), $6,970.01.
Balance paid to treasurer, $50,519.49.
12. RAILROADS LEASED BY THE PERE MARQTJETTE RR. Co.
Sagrinaw, Tuseola and Huron RR.— Sagl-
naw to Bad Axe, Mich.. 65.79 m. ; total track
(steel; 56 and 60 IDS.), 85.22 miles. Chartered Feb.
24, 1881; opened as above July 1, 1886. Leased to
the Pere Marquette RR. Co. for 999 years from
Feb. 1, 1900, and all accounts are Included In the
statement for the lessee (see Manual for 1901, p:ige
289). Capital stock. $600.000. Funded debt (guar-
anteed by lessee). $1.000,000. S. T. Crapo. Pros. ;
H. C. Potter, Jr.. Sec. & Treas., Detroit, Mich.
Office, Detroit, Mich.
Grand Rapids, Kalkaslta and South-
eastern RR.— Rapid City to Stratford, Mich.,
39.52 miles. Chartered In May, 1897; road opened
Jan. 10, 189S. Leased to the Chicago and West Mich-
igan Ry. Co.. for 10 years from Jan. 20. 1898. and
lease assumed by the Pere Marquette RR. Co. Capital
stock. $264,000; funded debt (1st gold 5s of Nov.
1. 1927). $200.000 — total stock and bonds. $464.000.
W. Alden Smith. Pres., Grand Rapids, Mich.;
Samuel W. McCall. Vice-Pres. ; Geo. A. Fernald,
Treas., 40 Water St., Boston. Mass.; M. C. Hug-
gett. Sec., Grand Rapids, Mich. Office, Grand
Rapids, Mich.
13. Board of Directors, Pere Marquette RR. Co., elected May 7, 1902.
WILLIAM W. CRAPO, Chairman of the Board New Bedford, Mass.
Walter Hunnewell — Boston, Mass.
F. H. Prince
Chas. Merriam " "
Mark T. Cox New York, N. Y.
CHARLES M. HEALD, President Detroit, Mich.
John M. Graham, Vice- President Boston, Mass.
Mark T. Cox, Vice-President New York, N. Y.
Sec. & Treas.— Chas. Merriam Boston, Mass. | Auditor— 3. E. Howard Detroit, Mich.
PRINCIPAL OFFICE AND ADDRESS Detroit, Mich.
New York Office 40 Wall Street.
Boston Office. . . ..50 State Street.
Wm. W. Crapo. New Bedford, Mass.
Nathaniel Thayer . . .Boston, Mass.
Oliver W. Mink " "
John M. Graham " "
Thomas F. Ryan... New York, N. Y.
Chas. M. Hea'ld Detroit, Mich.
Stanford T. Crapo "
SOUTHERN INDIANA RAILWAY COMPANY.
(For map of this road see page 397.)
Line of Road Owned. — Terre Haute to Westport, Ind 148.1 miles.
LEASED LINE : Bedford Belt Ry.: Bedford to Oolitic, Ind. ; 4.1 "
Total length of railroad operated, June 30, 1901 152.2 milee.
Sidings (owned, 25.67 m. ; leased, 6.30 m.), 31.97 miles. Gauge, 4 ft. 8* in.Rail (steel), 70 Ibe.
897
398 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
History. — Chartered May 27, 1897, as the Evansville and Richmond Ry. Co. Road
opened from Elnora to Westport, Ind., 101.4 miles, in June, 1890. Name changed to the
Southern Indiana Ry. Co., on Dec. 1, 1897. Extension from Elnora to Linton, 12 miles,
opened Jan. 22, 1900 ; from Linton to Terre Haute, Ind., 34.7 miles, on Sept. 17, 1900. The
Bedford Belt Ry. is leased in perpetuity, this company paying the interest on its bonds by
way of rental.
Rolling Stock, June 80, 1901. — Locomotives, 16. Cars — passenger, 14; baggage, mail,
and express, 8 ; freight (box, 28 ; flat, 548 ; coal, 800), 1,876 ; service cars, 22 — total cars,
1,420.
Operations, year ending June 30, 1901 (average, 144.9 m.). — Train mileage —
passenger, 243,871 ; freight, 109,213 ; other, 239,283— total, 592,367 miles. Passengers
carried, 221,928 ; carried one mile, 4,373,504; average mile rate, 2.04 cents. Tons freight
moved, 478,234 ; moved one mile, 19,713,243; average ton-mile rate, 1.61 cents.
Earnings— Passenger f89,261 20
Freight 317,519 32
Mail and Express 8,821 16
Miscellaneous 21,385 71
Total ($3,015.79 per mile) $436,987
Expenses— Maint. of Way and Structures... $57,490 69
Maintenance of Equipment 59,821 43
Conducting Transportation 141,592 50
General Expenses 35,182 63
Total ($2,029.59 per mile) $294,087 25
Net earnings (32.70 p. c.), $142,900.14; other receipts, $2,840.39— total, $145,740.53.
Charges: Interest on funded debt, $74,968.87; other interest, $1,396.17; taxes, $18,545.94;
rental, Bedford Belt Ry., $17,500— total, $112,410.98. Surplus, $33,329.55; surplus forward,
$131,065.97— total, $164,395.52.
General Balance Sheet, July 1, 1901.
Cost of Road $5,434,197 37
Cost of Equipment 892,13285
Real Estate and Buildings 103,443 89
Stocks and Bonds Owned 65,000 00
Materials and Supplies 86,738 94
Current Accounts 45,45749
Cash on Hand 39,326 63
Total Assets $6,666,297 17
Common Stock Paid in ($100 shares) $3,000,000 00
Preferred Stock Paid in ($100 shares) 500,000 00
Funded Debt Outstanding (see Sec. 6) .... 2,545,000 00
Real Estate Incumbrances 7,056 01
Equipment Notes 307,906 12
Interest Accrued 10,428 59
Current Liabilities 95,901 02
Bills Payable 35,609 91
Profit and Loss 164,395 52
Total Liabilities... $6,666,29717
Funded Debt.— The funded debt on June 30, 1901, consisted of $2,545,000 1st gold 4s of Feb. 1,
1951, secured on the entire property now owned or hereafter acquired by the company, except its property
in Wayne County, Ind. The mortgage authorizes a total issue of $5,000,000 of bonds for the following pur-
poses: $1,500,000 for the retirement of an equal amount of 1st mtge. 5 p. c. bonds of June 1, 1898-1938;
$1,660,000 to pay the floating debt, finish improvements in progress and provide for new construction ex-
penditures in 1901; $340,000 to retire the equipment notes of the company; $1,000,000 to pay for additional
equipment as desired; the remaining $500,000 to be reserved for the general purposes of the company and
to be issued after Jan. 1, 1902, at not exceeding the rate of $125,000 in any one year. Bonds in addition
to the $5,000,000 may be issued hereafter, at the rate of $20,000 per mile for extensions and at the rite
of $10,000 per mile for double track. On April 15, 1902, there were $3,160,000 of the bonds outstanding,
issued for the retirement of the 1st mtge. bonds of 1938, to discharge the floating debt, etc., as
Additional Particulars respecting the funded debt will be found in the Ready Reference Bond List — See
General Index.
RAILROAD LEASED BY THE SOUTHERN INDIANA RY. Co.
Bedford Belt Ry.— Bedford to Oolitic, Ind.,
4.16 m.; branches to quarries, 5.84 m.; total track
(steel; 60 Ibs.), 10 miles. Chartered March 30, 1892;
rond opened May 1, 1893. Leased In perpetuity, June.
1898. to the Southern Indiana Ry. Co., at a rental
of: the Interest on the bonds. Capital stock ($100
shares), $250.000; funded debt (1st 5s of July 1,
1938, Int. J. & J.), $350.000— total, $600.000.
Authorized bond issue, $500.000. F. D. Menchnm,
Pres. ; J. R. Walsh. Vice-Pres.; L. A. Walton.
Treas. ; C. F. Welnland, Sec. & And. Office,
Chicago, 111.
Board of Directors, Southern Indiana Ry. Co., elected January 20, 1902.
John R. Walsh Chicago, 111. | C. F. Weinland Chicago, HI. | F. M. Triseal Chicago, 111.
James Walsh Chicago, 111. j F. D. Meacham Chicago, 111.
J. R. WALSH, President Chicago, 111.
James Walsh, Vice- President "
Treasurer-L. A. Walton. Chicago, 111. | Secretary -and Auditor— C. F. Weinland. . ..Chicago, 111.
PRINCIPAL OFFICE AND ADDRESS 204 Dearborn St., Chicago, 111.
POOR'S MANUAL OF RAILROADS.
899
TOLEDO AND OHIO CENTRAL RAILWAY COMPANY.
(For map of this road, see page 401.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OP SECTIONS.
Capital Stock 6
Car Trn&t Obligations 10
Directors and Officers 11
Earnings, Expenses, etc., 1901... 4
Earnings, Exp., etc., 1894-1901 ... 7
Funded Debt, Details of. 8
Gen. Bal . Sheet, June 30, 1901 ... 5
Gen. Balance Sheet, 1894-1901... 7
Guaranties 9
History 2
Income Account, June 30, 1901 ... 4
Income Account, 1894-1901 7
Mileage Operated June 30, 1901.. 1
Operations and Income, 1894-1901. 7
Rolling Stock 8
1. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 893.37 miles).
Western Division ; Toledo, O., to Bremen, 0 172.91 miles.
Eastern Division : Whitmore, O., to Thurston, 0 145.57
St. Mary's Division : Peoria, O. , to St. Mary's, 0 58.36
Truro Section : Alum Creek, O. , to Truro Junction, O 4.20
Corning Section : New Lexington, O., to Corning, 0 12.38
B. TRACKAGE RIGHTS (total, 36.56 miles).
Lake Shore and Michigan Southern Ry. : In Toledo, 0 0.62
Cincinnati and Muskingum Valley RR. : Bremen to New Lexington, 0 11.29
Kanawha and Michigan Ry. : Corning to Millfield, O 13.48
Kanawha and Michigan Ry. : Glouster to Carrington, O 11.17
Total mileage operated, June 30, 1901 • .429.93 miles.
Sidings, etc., 144.45 miles. Gauge, 4 ft. 8£ in. Rail (steel, 393.37 in.), 56, 60, and 70 Ibs.
2. History. — Organized, June 30, 1885, by the purchasers of the main line and Columbus
Branch of the Ohio Central RR. Co. (see MANUAL for 1888, page 535, and MANUAL, for 1898,
page 805). The Columbus and Northwestern Ry. was purchased as of March 1, 1901, and is
now operated as the St. Mary's Division of this road (see MANUAL for 1901, page 1519). This
company is controlled by the Hocking Valley Ry. Co. through ownership of more than 99 p.
c. of the capital stock.
3. Rolling Stock, June 30, 1901. — Locomotives, 85. Cars — passenger, 20; combination,
11; parlor, 3; baggage, 3 ; freight (box, 736 ; flat, 151 ; stock, 7 ; gondola, 5,484; dump, 84),
6,462 ; service cars, 82— total cars, 6,581.
4. General Income Account (average 390.95 m.), year ending June 30, 1901.
Earning!— Passenger $436,049 80
Coal Freight 1,330,24398
General Freight 649,936 06
Mail, Express and other 155,492 11
Total ($6,578.14 per mile) $2,571,72195
Expenses— Maint. of Way and Structures . . $363,031 87
Maintenance of Equipment 465,963 16
Conducting Transportation 957,835 13
General Expenses 64,309 70
Total ($4,734.98 per mile) $1,851,139 86
Net earnings (28.02 p. c.), $720,582.09; other income, $7,424.66— total, $728,006.75.
Deductions : Interest accrued on funded debt (1st mtge. bonds, $150,000 ; Western Division
bonds, $125,000 ; gen. mtge. bonds, $100,000 ; St. Mary's Branch bonds, $5,666.66 ; car trusts,
$35,748.38), $416,415.04; interest on floating debt, $1,303.10 ; on T. & O. C. Ext. Ry. bonds,
$9,000; taxes, $85,492.77; deficit Imperial Coal Co., $5,439.95— total, $517,650.86. Surplus,
$210,355.89 ; deficit forward, $100,528.48 ; net surplus, $109,827.41. Sundry uncollectible
accounts charged off, $7,983.07. Surplus, June 30, 1901, $101,844.34.
5. General Balance Sheet, June 30, 1901.
Common Stock ($100 shares) $6,600,00000
Preferred Stock ($100 shares) 3,708,000 00
Funded Debt Outstanding 8,500,00000
Car Trust Notes $1,211,527 38
Less Unearned Interest 120,27859— 1,091,248 19
Special Equipment and Betterment Loan 711,880 27
Bonds Due Under Contract for Acquisi-
tion of St. Mary's Branch (Contra) 590,000 00
Endorser's Liability, K. & M. Ry. 1st
Mtge. Bonds (Contra) 2,469,00000
Cost of Road .' $13,671,38169
Cost of Equipment 2,923,023 26
Securities Owned 2,627,089 58
T. & O. C. Common Stock in Treasury. . 604,500 00
St. Mary's Div. 1st mtge. bds. in Treasy. 75,000 00
Bonds, St. Mary's Br'ch held in Trust
Pend'g C'pletion of Contract (Contra) 590,000 00
Guarantor's Int. K. & M. Ry. Co. (Contra) 2,469,000 00
Equipment and Betterment Loan 303,068 81
Materials and Supplies 154,958 26
Current Accounts 457,683 62
Bills Receivable 319,453 77
Une.xpired Insurance 4,093 61
Accrued Interest Receivable 833 28
Cash 155,875 54
Total Assets $24,355,961 42
Current Liabilities 437,48409
Accrued Int. on Funded and Guar. Debt.. 63,024.62
Bills Receivable Discounted 69,574 71
Accrued Taxes 31,883 61
Reserve Accounts 82,020 99
Profit and Loss 101,844 34
Total Liabilities $24,355,961 42
6. Capital Stock. — The preferred stock has a prior right to surplus over fixed charges to the extent
ol 5 p. c., or such other rate as can be paid, and after the payment of 5 p. o. on common stock, is entitled
400 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
to an additional preference of 2 p. c., both classes to share pro rata in any excess after payment of 7 p. c
on total stock. (See Manual for 1896, page 916.) It is provided that no mortgage except the first mortgag
shall ever put upon the property of the company without the written assent of a majority in interest of th
preferred stockholders.
7. Statement of operations and capital account for eight years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of RR. Operated. . . .
Passenger Train Miles.. ..
Freight Train Miles
366.78
541,091
922,801
366.78
643,110
1,061,708
371.44
757,992
1,050,415
371.44
804,111
1,034,809
371.44
775.487
992,942
371.44
781,443
993,934
371.44
743,759
1,143,429
390.95
80-.',57
1.191,37
Total RCT. Tr. Miles
Passengers Carried .........
1,463,892
525,003
12,091,439
1,950.013
215,546,758
$
266,284
1,298,230
98,759
1,704,818
569,180
15,657,185
2,210,807
266,060,523
$
300,825
1,496,900
106,265
1,808,407
708,454
19,115,118
2,263,578
276,500,217
$
385,250
1,443,463
115,790
1,838,920
636,467
17,869,830
2,130.167
264,772,678
$
349,101
1,266,360
135,518
1,768,429
622,781
19,161,467
2,127,484
273,244,489
S
354,828
1,275,499
149,288
1,775,377
615,945
19,959.330
2,432,900
310,759,849
8
367,191
1,362,416
168,261
1,887,188
722,135
22,815,590
3,097,116
410,801,295
I
410,258
1,811.042
147,676
1,993,04
751,15
22,463,14
3,392,02
436,923,21:
8
436,061
1,980,18'
155,49!
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Earnings — Passenger
Freight
Other.
Gross Earnings
1,663,273
1,132,815
1,903,990
1,298,406
1,944,508
1,326,658
1.750,979
1,285,275
1,779,615
1,245,696
1,897,868
1,296,453
2.368,971
1,536,069
2,571,72
1,851, 14(
Operating Expenses
Net Earnings . .
530,458
9,360
605,584
9,421
617,845
9,532
465,704
8,208
533,919
10.255
601.415
24,854
832,908
13,189
720,585
7,42J
Other Receipts
Net Income
539,818
50,247
317,132
244,682
615,005
63,216
361,049
185,400
627,377
72,000
397,562
185,400
473,912
78,128
389,347
46,350
544,174
78,766
385,770
626,269
88,823
409,134
846,091
86,650
397,886
728,0«
85,49?
426.71J
Payments — Taxes
Interest
Dividends
Other
5,440
Total Payments
612,061
-72,243
4,532 08
3,086 69
1,44539
68.21 p. c
2.20 C.
0.60 c.
$
6,500,000
3,708,000
5,500,000
617,665
707,645
305,140
717,789
609,065
+ 5,340
5,191 09
3,537 89
1,65320
68. 19 p. c.
1.92 c.
0.56 c.
S
6,500,000
3,708,000
6,101,000
488,600
917,408
399,136
700,742
654.962
-25,585
5,235 04
3,571 66
1,66338
68. 23 p. c.
2.02 c.
0.52 C.
$
6.900,000
3,708,000
7,000,000
363,206
413,240
574,914
588,251
513,825
-39,913
4,714 03
3,46025
1,253 78
73. 40 p. c.
1.95c.
0.48 C.
$
6,500,000
3,708,000
7,000,000
261,641
565,044
585,480
505,463
464,536
+79.638
4,791 12
3,353 69
1.43743
70.00 p. c.
1.85C.
0.47 c.
$
6,500,000
3,708,000
7,000,000
186,775
722,619
455,971
562,799
497,957
+ 128.312
5,109 49
3,490 34
1,619 15
68.31 p. C.
1.84 C.
0.44 c.
$
6,500,000
3,708,000
7,000,000
383,152
735.110
427,231
79,273
484.536
+ 361,555
6,377 80
4,135 44
2,242 36
64. 84 p. c.
1.80 C.
0.44 C.
$
6.500,000
3,708,000
7,500,000
259,772
517,651
+ 210,356
6,578 14
4,7*4 98
1,843 16
71. 98 p. c.
1.94 C.
0.45 C.
6,500,000
3,708,000
8,500,000
1,091,249
711,880
683,988
101,844
Balance (+ or — )
Gross Earnings per Mile. .
Gross Expenses per Mile. .
Net Earnings per Mile. . . .
Expenses to Earning?. .. .
Aver, per Pass, per Mile. .
Aver, per Ton per Mile. . .
Common Stock .......
Preferred Stock
Bonded Debt
Car Trust Certificates
Bills Payable
Current Liabilities
Profit and Loss
740,485
Total Liabilities
18,056,239
11,725,127
2,522,635
3,295,98b
82,736
,429,755
18,814,886
12,310,898
2,567,260
3,346,749
75,382
514,597
19,116,311
12,421,423
2,657,260
3,400,978
107,171
549,479
19,125,628
12,427,853
2,657,260
3,399,971
75,6%
564,848
19,136,164
12,427,853
2,680,710
3,404,229
92,776
530,596
18,832,766
12,428,903
2,439,510
3,401,138
83,939
479,276
18,708,207
12.630,460
1,815,435
3,235.286
186,573
739,925
100,528
21,29(5,961
13,671,383
2,923,028
3,609,658
154,959
937,940
Cost of Road
Equipment ....
Oiner Investments
Material s
Cash and Cash Assets
Total Assets
18,056,239
18,814,886
19,116,311
19,125,628
19,136,164
18,832,766
18,708,207
21,296,961
8. Funded Debt.— The funded debt on June 30, 1901— total, $8,500,000, as per general balance
sheet — consisted of the following issues (additional particulars are in the Ready Reference Bond List — see
GENERAL INDEX):
$3,OOO,OOO 1st gold 5s Of July 1, 1935. Secured on
the lines from Toledo to Bremen, 0., 159.98 m. ;
New Lexington to Corning, 0., 12.92 m. ; and
Thurston to Alum Creek, 24.37 m. ; a total of
197.27 miles. Also on the equipment, franchises
and property appertaining to those lines and not
acquired by issue of junior mortgage bonds. The
bonds carry voting power, on« vot« to every
$100. It is provided that the holders of one-
fourth of th« bonds may require the trustee to
have the property inspected at any time, and
put in good condition if necessary.
2,5OO,OOO Western Division ls< gold 5s of Oct. 1,
1935. Secured as a second lien on the property
covered by th* first mortgage and as a first lien
on the line from Toledo to Truro Junction, 189
miles, and on such additional property as they
were issued to acquire.
$2,OOO,OOO gen. gold 5s of June 1, 1935. Secured
on the entire property owned by the company
previous to the acquisition of the Columbus and
Northwestern Ry. (St. Mary's Division), but sub-
ject in lien to the two prior mortgages.
BOO.OOO 8t. Mary's Division 1st gold is of Feb.
1, 1951. Secured on the line from Peoria to St.
Mary's, 0., 58.36 miles; also on the equipment,
franchises and property appertaining to that line.
Of the total issue as given bonds amounting to
$75,000 are held in the treasury of the company.
•6OO.OOO St. .Vary's Division 1st preferred income
gold 4s of Feb. 1, 1951. Secured as a second lien
on the property covered by the St. Mary's Branch
1st mtge. bonds.
26
401
402 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
9. Guarantiee. — The company guarantees the $2,469,000 4 p. c. bonds of the Kanawha and Michigan
Ry. Co., and $2,750,000 1st gold 6s of July 1, 1951, of the Kanawha and Hocking Coal and Coke Co., both as
to principal and interest.
10. Car Trust Obligations. — The car trust obligations as of June 30, 1901, were in four issues-
No. 7, 1196,948.53; No. 8, $49~2,888.02 ; No. 9, $247,266; No. 10, $154,146.24 drawing interest at 5 p. c. per
annum. Both interest and principal payable monthly — No. 7 till Sept. 7, 1905; No. 8 till Aug. 1, 1905;
No. 9 till June 1, 1908. Series No. 7 covers 800 coal cars; No. 8 covers 1,000 coal cars; No. 9 covers 500
coal cars; while No. 10 covers 1,000 coal cars of which 313 had been delivered to June 30, 1901.
11. Board of Directort, elected September 10, 1901.
C. L«dyard Blair. . .New York, N. Y.
Charles Steele
George M. dimming "
N. Monsarrat Columbus, O.
Decatur Ax tell Richmond, Va.
Stevenson Burke Cleveland, O.
R. W. Hickox CleTeland, O.
Charles G. Hickox....
James H. Hoyt " "
Thomas Johnson Columbus, O.
DECATUR AXTELL, Chairman of the Board Richmond, Va.
N. MONSARRAT, President Columbus, O.
Charles G. Hick ox, 1st Vice-President Cleveland, O.
J. M. Ferris, 2d Vice-President and Sec Toledo, O.
Asst. to President— James H. Hoyt Cleveland, O. | Treat, and Asst. Sec.—L. D. Kelley Toledo, O.
Auditor— J. Landgraf, Jr Toledo, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, 0.
KANAWHA AND MICHIGAN RAILWAY COMPANY.
(CONTROLLED BY THE TOLEDO AND OHIO CENTRAL RY.)
Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 165.56 miles).
Northern Division : Corning, O., to Hobson, 0 57.05 miles.
South'n Division: Pt.Pleasant,W.Va.,toC.&p.Jc.,W.Va.(inc.Pt.Plea8.B'ge,2m.). 96.09
Buckingham Branch : Glouster, O., to Carrington, 0 11. 17 "
Smithers Creek Branch : Carbondale to Raven Coal Works, W. Va 1.25 "
B. TRACKAGE RIGHTS (total, 18. 70 miles):
Hocking Valley Ry. : Pomeroy to Gallipolis, 0 17.40 "
Hocking Valley By. : Armitage to Athens, 0 1.30 "
Total mileage operated, June 30, 1901 184.26 miles.
Sidings, 39.12 miles. Gauge, 4 ft. 8i in. Rail (steel, 154.39 m.), 56 and 67 Ibs.
History. — Chartered April 23, 1890, as successor to the Kanawha and Ohio Ry. Co.
(See MANUAL for 1898, page 808.) The Buckingham Branch is leased to the Columbus,
Sandusky and Hocking and the Toledo and Ohio Central Ry. Cos., and its operations are in-
cluded in the statements for those companies. This company is controlled by the Toledo
and Ohio Central Ry. Co. through ownership of stock.
Rolling Stock, June 30, 1901. — Locomotives, 24. Cars — passenger, 11 ; combination,
4; freight (box, 1,124 ; gondola, 465 ; dump, 50), 1,639 ; other, 27— total cars, 1,691.
Operations, year ending June 30, 1901 (173.09 m.). — Train mileage — passenger, 275,454;
freight, 448,362— total, 723,816 miles. Passengers carried, 320,817; carried one mil?, 6,731.845;
average mile rate, 2.365 cents. Tons freight moved, 1,417,319; moved one mile, 153,995,600;
average ton-mile rate, 0.475 cent.
Earnings— Passenger 8162,152 49
Coal Freight 343,741 58
General Freight 389,761 40
Mail, Express and Other 28,968 27
Total ($5,841.87 per mile) $934,628 74
Expenses— Maintenance Way & Structures.. 8168,844 72
Maintenance of Equipment 146,679 51
Conducting Transportation 357,406 58
General Expenses 24.392 47
Total (84,028.67 per mile) $697,323 28
Net earnings (24.58 p. c.), $227,300.46 ; rental, Buckingham Branch, $6,800— total,
$284,100.46. Payments : Interest accrued on funded debt (1st mtge. bonds, $98,760 ; car
trusts, $18,572.60), $117,382.60; other interest, $11,876.47; taxes, $30,344.16— total, $159,-
053.23. Surplus, $75,047.28; deficit forward, $64,868.68; net surplus, $10,178.55. Deduc-
tions : Uncollectible accounts written off, $16.17 ; reserve for unadjusted bills, $5,000 — total,
$5,016.17. Surplus, June 30, 1901, $5,162.38.
POOR'S MANUAL OF RAILROADS.
403
General Balance Sheet, Jtme 30, 1901.
Cost of Road $9,389,86267
• >f Equipment 779,33557
•Securities Owned 3,000,00000
Material and Supplies.
Current Assets
I'ni'xpired Insurance..
Cash
66,8(i5 41
20,587 13
1,401 47
24,310 25
Capital Stock flO.000,000 00
Funded Debt Outstanding 2,469,000 00
Car Trust Notes $359,098 44
Less Unearned Interest 31,35261— 327,74583
Special Equipment and Betterment Loan 160,000 00
Current Liabilities 261,46130
Accrued Interest and Accrued Taxes... 32,592 20
Reserve Funds 26,400 79
Profit and Loss 5,162 38
Total Assets $13,282,362 50 Total Liabilities $13,282,362 50
* Stock and bonds Point Pleasant Bridge Co., $2,000,000; Kanawha and Michigan Ry. Co. stock, $1,000,000.
Funded Debt.— The funded debt consists of 1st gold 4s of April 1, 1990, secured upon all of the
property, rights and franchises of the company, including the Point Pleasant Bridge, but not including the
Raleigh County Coal Lands. The bonds are guaranteed by the Toledo and Ohio Central Ry. Co., both as
to principal and interest, the guaranty being endorsed on each bond. Additional bonds may be issued for
-ions and branches, at the rate of $15,000 per mile.
Car Trust Obligations.— The car trust obligations are in two series, bearing interest at the
rate of 5 p. c. per annum— Series 1, $131,701.48, balance of $189,810 issued Nov. 7, 1899, principal and interest
payable monthly till 1904; series 2, $196,044, balance of $248,640 issued May 1, 1900, principal and interest
payable monthly for five years. Series No. 1 covers 350 gondola cara and 50 side dump cars, while No. 2
covers 777 box cars.
Directors (elected Sept. 10, 1901). — Charles Steele, George M. Gumming, New York,
N. Y.; Charles H. Roberts, Oakes, N. Y.; Stevenson Burke, Charles G. Hickox, R. W.
Hickox, James H. Hoyt, Cleveland, O.; N. Monsarrat, Columbus, O. ; Decatur Axtell, Rich-
mond, Va.
DECATUR AXTELL, Chairman of the Board Richmond, Va.
N. MONSARRAT, President Columbus, O.
R. W. Hickox, 1st Vice- President Cleveland, O.
J. M. Ferris, 2d V ice-President and Sec Toledo, O.
Atst. to President— F. B. Sheldon Columbus, O. | Treat. andAsst. Sec.—'L. D. Kelley Toledo, O.
Auditor— John Landgraf , Jr Toledo, O.
PRINCIPAL OFFICE AND ADDRESS Toledo, O.
TOLEDO, ST. LOUIS AND WESTERN RAILROAD COMPANY.
Line of Road.— Toledo, 0., to East St. Louis, III 450.72 miles.
Sidings, etc., 107.16 miles. Gauge, 4 ft. 8£ in. Rail (steel), 61£ and 70 Ibs.
History. — Chartered July 5, 1900, as successor to the Toledo, St. Louis and Kansas
City RR. Co., whose property was sold under foreclosure on March 27, 1900. (See MANUAL
for 1900, page 312.)
Rolling Stock, June 30, 1901. — Locomotives, 81. Cars — passenger, 18 ; combination,
5; baggage, mail, and express, 11 ; freight (box, 1,892; furniture, 77; flat, 818 ; stock, 81;
coal, 773), 3,141 ; service cars, 56— total cars, 3,231.
Operations, year ending June 30, 1901. — Train mileage — passenger, 848,257; freight,
1,391,320— total, 2,239,577 miles. Passengers carried, 625,032; carried one mile, 23,373,063;
average mile rate, 1.91 cents. Tons freight moved, 1,600,668 ; moved one mile, 349,044,272;
average ton-mile rate, 0.54 cent.
Earnings— Passenger 8445,791 04
Freight 1,898,222 26
Mail and Express 115,839 36
Miscellaneous 35,713 70
Total ($5,525.75 per mile) $2,490,566 36
Expenses— Maint. of Way and Structures. $361,933 39
Maintenance of Equipment. . . 320,488 24
Conducting Transportation. . . 1,040,000 20
General Expenses 77,53003
Total ($3,993.50 per mile) $1,799,951 86
Net earnings (27.78 p. c.), $690,614.50 ; other receipts, $6,341.40— total, $696,955.90.
Payments : Interest on funded debt, $510,000 ; taxes, $104,400— total, $614,400. Surplus,
$82,555.90.
404 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
General Balance Sheet, June 30, 1901.
Cost of Road $35,499,96000
Real Estate 53,011 88
Materials and Supplies 135,000 63
Current Accounts 266,983 16
Cash on Hand 432,871 74
Total Assets $36,387,827 41
Common Stock Paid in ($100 shares).... $10, 000, 000
Preferred Stock Paid in ($100 shares).. 10,000,000
Funded Debt Outstanding 15,500,000
Current Liabilities 590,525
Taxes Accrued 67,214
Interest Accrued 65,000
Renewal Funds 82,531
Profit and Loss 82,555
Total Liabilities $36,387,827
Capital Stock. — The preferred stock entitles holders to non-cumulative dividends up to 4 p.
per annum, payable out of the surplus earnings in each fiscal year before any dividend shall be paid on t
common stock. The common stock is entitled to all dividends in each fiscal year after payment of 4 p.
dividends in that year on preferred. All the preferred and common stock (except fifty shares of common
stock to qualify directors) is deposited in a voting trust for five years, the following being the voting
trustees: Frederic P. Olcott, Thomas H. Hubbard, and William A. Read. Certificates for all of the 1
shares of preferred stock, and for 99,950 shares of common stock issued in the names of the voting
trustees, are deposited with the Central Trust Co., New York, N. Y., endorsed in blank by the voting
trustees. The voting trustees shall have power at any time during the continuance of the agreement to sell
the stock, subject to the approval of a majority, in amount of each class of the trust certificates out-
standing. Such approval may be given at a meeting called for that purpose, of which notice shall be given,
or by the assent in writing of holders filed with the Central Trust Co. The voting trustees possess all
rights and powers of absolute owners of the stock, including the unrestricted right to vote for every
purpose, and to consent to any corporate act of the company. The voting trustees will not, during the
pendency of the agreement, vote to authorize any additional mortgage upon the property embraced in the
Erior lien and 1st mortgage, nor to authorize an increase in the preferred stock, except" with the consent
i each instance of the holders of a majority in amount of the trust certificates for preferred stock, given at
a meeting called by the voting trustees for that purpose.
Funded Debt.— The funded debt outstanding on June 30, 1901— total, $15,500,000, as per general
balance sheet — consisted of the following issues (additional particulars will be found in the Ready Reference
Bond List — see General Index):
$9,OOO,OOO prior lien gold 3i« of July 1, 1925. The
total amount authorized is $10,000,000, and $1,000,-
000 of the bonds are reserved for use under restric-
tions set forth in the mortgage, but no part thereof
shall be issued at any time previous to Jan. 1,
1902, and then at the rate of not more than $250,-
000 in any one year. The mortgage securing the
prior lien bon^s covers as a prior lien the entire
property of the company whether now owned or
which shall be acquired hereafter by use of any
prior lien bonds.
$6,5OO,OOO 1st gold 4s of April 1, 1950. Secured by
all the line of railway and other property of the
company which is covered by the prior lien mort-
gage, but in all respects subject to the lien of that
mortgage. The amount of the present issue of 1st
mtge. bonds is $6,500,000, but the right is reserved
to issue not to exceed $10,000,000 additional thereof
or such lesser amount as may be required to
retire the prior lien bonds, with the additional
right to call in and redeem at par and accrued
interest all or any part of the 1st mtge. bonds on
or after July 1, 1925.
Directors (elected Oct. 30, 1901).— William A. Read, F. P. Olcott, Henry Budge, J.
Kennedy Tod, C. H. Tweed, J. Crosby Brown, A. R. Pick, John J. Emery, Thomas H. Hub-
bard, New York, N. Y. ; C. S. W. Packard, Philadelphia, Pa.; Benjamin Norton, Toledo, O.
WILLIAM A. READ, Chairman of the Board New York, N. Y.
BENJAMIN NORTON, Pres. & Gen. Manager Toledo, O.
Vice-President— Henry Budge New York, N. Y. | Treat. & Sec.— 3. H. Seaman. . . .44 Pine St . , New York.
PRINCIPAL OFFICE AND ADDRESS Toledo, O.
WABASH RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Directors and Officers 14
Earnings, Expenses, etc., 1901... 5
Earnings. Exp., etc., 1895-1901. . . 12
Funded Debt, Details of 9
Gen. Balance Sheet, Jane 30, 1901 7
Gen. Balance Sheet, 1895-1901.... 12
History 2
Income Account, June 80, 1901.. . 5
Leased Lines, Statements of 13
Leases, Terms of 8
Mileage Operated 1
Omaha Division Bonds 11
Operations and Income. 1895-1901 12
Profit and Lose, June 30, 1901 .... 6
Rolling Stock 4
Toledo & Chicago Division Bonds 10
Trackage Contracts 3
1. Mileage Operated, June 30, 1901. — A. LINES OWNED (total, 1,717.2 miles):
Main Line East of Miss. River : Toledo, O. , to East Hannibal, 111 460.5 miles,
Main Line West of Miss. Eiver: Tayon Ave., St. Louis to Harlem, Mo 274.8
Other divisions and branches owned (details in Sec. la) 981.9
JB. LEASED LINES (see detailed statement in Sec. la) 214.0
C. OPERATED TJNDEB JOINT TRACKAGE ARRANGEMENTS (details in Sec. la).. 436.2
Total length of linen operated, June 30, 1901, 2,367.4 miles.
Side and double tracks (owned, 612.2 m. ; leased, 80.7 m. ; operated, 242.7 m.), 885.6 miles.
Gauge, 4 ft. 8* in. Rail (steel), 60, 68, 70, and 80 Ibs.
POOR'S MANUAL — W ABASH RE. CO.
405
la. Detailed statement of the mileage operated by the company on Jane 30, 1001 :
LINES OWNED.
East of Mississippi Elver:
_oledo, O., to East , Hannibal, 111...
Bluffs to Camp Point, 111
East Hannibal to Quincy, 111
Clayton to El vaston, 111
Decatur to East St. Louis, 111
Edwardsville to Edwardsville Junction, 111
Western Indiana Junction to Effingham, 111
Shumway to Altamont, 111
Fairbury to Streator, 111
Delray, Mich., to Butler, Ind
Montpelier, O., to Clarke Junction, Ind
Attica to Covington, HI
Sidney to Champaign, 111.
West of Mississippi River :
Tayon Ave., St. Louis, to Harlem, Mo
Carr St. to Ferguson, St. Louis
Moberly, Mo., to Ottumwa, la.
Salisbury to Glasgow, Mo
Monlton to Des Moines, la
Excelsior Springs June, to Milwaukee June., Mo.
Miles.
460.5
39.4
0.9
34.5
110.1
1.7
205.4
9.5
30.9
109.8
149.6
14.8
11.7
874.8
10.7
131.5
15.4
96.5
9.5
Total Owned 1,717.8
LEASED LIKES.
Hannibal Bridge :
East Hannibal, 111., to Hannibal, Mo
Louisiana and Pike County RR.:
Pittsfleld Junction to Pittsfield, 111
Eel River RR.:
Butler to Logansport, Ind
Pent and Detroit Ry.:
Chili to Peru, Ind
Brunswick and Chillicolhe RR.:
Brunswick to Chillicothe, Mo
St. Louis, Council Blnffs and Omaha RR.:
Chillicothe to Pattonsburg, Mo
Boone County and Boonemtte RR.:
Centralia to Columbia, Mo
3.0
6.3
94.1
9.5
38.8
41.4
21.6
Total Leased , 214.0
OPERATED JOINTLY.
Chicago, Burlington and Quincy RR.: MUet.
Camp Point to Quincy, III 21.8
East Hannibal to Quincy, 111 17.3
Toledo, Peoria and Western Ry.;
Elvaston to Hamilton, 111 6.5
Forrest to Fairbury, 111 6.1
Keokuk and Hamilton Bridge. :
Hamilton, 111., to Keokuk, la 1.3
Terminal RR. of St. Louis.:
East St. Louis, 111., to St. Louis, Mo 3.8
Chicago and Western Indiana RR.:
Chicago, 111 ., to State Line, Ind 19.8
Chicago Terminal Transfer RR.:
State Line to Clarke Junction , Ind 5.8
Detroit Union Depot and Sta^n I Detroit to I 3.2
Fort Street Union Depot | Delray, Mich. | 1.4
Terminal RR. of St. Louis.:
Union Station to 23d Street, St. Louis 0.7
Baltimore and Ohio Southwestern RR.:
Shumway to Altamont, 111 0.8
Hannibal and St. Joseph RR.:
Harlem to Kansas City, Mo 1.5
Missouri Pacific Ry.:
Olive Street' to Carr Street, St. Louio 0.6
Missouri, Kansas and Texas Ry.:
Moberly to Hannibal, Mo 69.7
Hannibal Bridge Track to Hannibal (Union
Depot) .. 0.4
Grand Trunk Ry. of Canada :
Detroit, Mich., to Black Rock, N. Y 227.1
Welland Jc., Ont., to Suspension Bridge, N.Y. 17.8
Erie RR.:
Suspension Bridge to Buffalo, N. Y . . 25.6
Black Hock to International June., N. Y 4.8
Iowa Central Ry. :
Albia, la., to Albia Connection, la 0.2
Total Operated 436.2
Grand Total 2,367.4
The above does not include the following : 6.8 miles main track and 0.2 mile side track,
total 7.0 miles, "Owned" between Edwardsville Junction and Edwardsville Crossing, which
is leased to the Illinois Terminal RR. Co.; 4.3 miles New York Central tracks between Black
Ruck and Exchange Street Station, Buffalo, for the use of which the Wabash pays a fixed
sum per car, and 0.6 mile Lehigh Valley track at Wabash freight station, Louisiana Street,
Buffalo, for the use of which the Wabash pays a fixed sum per car.
2. History.— Consolidation, July 29, 1889, of the Wabash Western Ry. Co. and the
Wabash Ry. Co. (see MANUAL for 1890, page 735). The Detroit-Chicago line was opened on
May 14, 1893 ; the Detroit-Buffalo line on June 14, 1897; and the St. Louis- Des Moines line
on Nov. 26, 1899. (See MANUALS for 1898, 1899, and 1900.) The Kansas City, Excelsior
Springs and Northern Ry., from Excelsior Springs Junction to Milwaukee Junction, Mo.,
9.5 miles, was purchased and added to the system on April 1, 1901. The Omaha and St.
Louis RR., from Pattonsburg, Mo., to Council Bluffs, la., 144.2 miles, was purchased at
foreclosure sale on Oct. 12, 1901, and was taken over for operation by this company on Nov.
1, 1901 (see MANUAL for 1901, page 511). In Jan., 1902, an extension of the Toledo and
Chicago Division was completed from Montpelier to Maumee, O., 49.5 miles, and a branch,
built under the charter of Fort Wayne and Detroit RR. Co., to replace the Eel River RR.,
was completed from New Haven to Butler, Ind., 26.2 miles. The use of the Eel River RR.
was discontinued on Dec. 31, 1901. The company has also discontinued the operation of the
Peru and Detroit Ry. , from Chili to Peru, Ind., 9.5 miles. In consequence of the changes
in mileage operated made since June 30, 1901, the length of lines operated on June 1, 1902,
was 2,483.2 miles, consisting of 1,936.6 miles owned, 110.4 miles leased, and 436.2 miles
operated under joint trackage arrangements.
3. Terms of Leases and of Trackage Contracts. — The Hannibal Bridge is leased for
a term of years expiring on Jan. 1, 1982. (See MANUAL for 1899, page 358.) The terms of the
other leases are outlined in ths appended statements for the several leased lines. The tracks
406 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
of the Missouri, Kansas and Texas Ry. from Moberly to Hannibal, Mo., are used under a
joint operating agreement to endure until Jan. 1, 1919. The railway line and ferries of
the Grand Trunk By. of Canada, from Detroit, Mich., to Black Rock Station, N. Y., and
the railway line from Welland Junction, Ont., to Suspension Bridge, N. Y., are used under
a joint operating agreement to endure until Jan. 24, 1919. The rental under the agreement
with the Grand Trunk Ry. Co. of Canada is to be $275,000 a year for the five years ending
March 1, 1903, $300,000 a year for the five years ending March 1, 1908, $325,000 a year for
the five years ending March 1, 1913, and $350,000 a year for the remaining term of the lease,
the company being also required to pay its proportionate share of the cost of maintenance
and operation. The terms of the other operating agreements are not reported.
4. Rolling' Stock, June 30, 1901. — Locomotives, 434. Cars — passenger, 133 ; combina-
tion, 45 ; dining, 8 ; chair, 44 ; parlor, 6 ; cafe, 3 ; baggage, mail, and express, 111; freight
(box 9,336; stock, 568; coal, flat, and rack, 5,118; furniture, 295; fruit, 148; refrigerator,
100), 15,565 ; service, 528— total, 16,442.
5. General Income Account, year ending June 30, 1901.
Earnings— Passenger $4,982,694 25
Freight 11,158,96624
Mail and Express 1,048,949 75
Miscellaneous 363,854 91
Total ($7,437.39 per mile) $17,554,465 15
Expenses— Maintenance of Way $2,335,371
Maintenance of Equipment 5,3C6,4t>6 70
Conducting Transportation 4,7t;:
General 2JS4.207 C9
Total ($5,402.72 per mile): $12,752,045 11
Net earnings (27.36 p. c.), $4,802,420.04; add rent of tracks, etc., $81,655.53; iuterect,
dividends, etc., $262,180.94— total, $5,146,256.51. Deductions: Interest on bonds, $2,616,-
778.74; rentals of leased lines, $143,792.50; rentals of tracks, bridges, etc., $796,096.27;
taxes, $586,199.20 ; additions to property, $544,128.29 ; sinking fund accrued on gold equip-
ment sinking fund bonds of 1901, $33,333.33 ; surplus earnings, Detroit and Chicago Exten-
sion, year ending June 30, 1901, set aside as sinking fund, $19,751.60; sundry amounts,
$103,042.60 ; dividends paid on preferred debenture bonds, $210,000— total, $5,053,120.53.
Surplus, $93,135.98.
6. Profit and Loss Account, year ending June 30, 1901. — Credits: Surplus income for
year, $93,135.98 ; surplus to June 30, 1900, $377,842.24; C. & W. I. sinking fund payments,
$56,877.69 ; rent of property in Chicago, account Purchasing Committee, $1,634.30 ; received
for assessments on W., St. L. & P. stock, account Purchasing Committee, $1,176.16; received
from Kansas City Gas Co., account deposit made in 1869, $52.97 — total, $530,719.34. Debits :
54 Burlington real estate notes redeemed, $54,000 ; (leas received for sale of property to
C., B. & Q. RR., $35,000), $19,000; expenses of Compton case, $4,74347 ; rent of Eel River
RR., April, May and June, 1900, $22,500; Cook Co., 111., taxes 1900, account Purchasing
Committee, $1,404.79; trustees' services, Burlington real estate mortgage, $250; damage to
Bteamer Lansdowne, $5,537.29 ; to steamer Morley, $31,879.07 ; balance Des Moines Division
construction account, $42,403.86 — total, $127,718.48. Balance to credit of profit and loss,
June 30, 1901, $403,000.86.
7. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $136,980,500 00
Investments in Stock and Bonds 1,282,331 20
Construction Account 607,120 29
Materials and Supplies 816,930 67
Advances to Fast Freight Lines 46,060 90
Bills Receivable 14,466 39
Miscellaneous Assets 511,350 27
Cash on Hand 935,860 44
Sundry Railroads and Individuals 441,592 64
Due from Agents 185,191 88
United States, Carrying Mails 165,37825
Pacific Express Company 70,705 57
Total Assets $142,057,488 50
Common Stock ($100 shares) $28,000,000 00
Preferred Stock ($100 shares) 24,000,000 00
Funded Debt Outstanding 85,081,000 00
Accounts Payable 2,661,642 56
Unpaid and Accrued Interest 816,519 74
Dividends Deb. Bonds, Ser. " A " Du% 105,000 00
Taxes Accrued, not Payable 340,605 61
Hospital Account 3,84895
Notes Payable 180,009 50
Equipment Notes 465,861 28
Profit and Loss 403,000 86
Total Liabilities $142,057,488 50
8. Capital Stock.— The preferred stock has prior right to dividends up to the rate of 7 p. c.
per annum, non-cumulative, and :s entitled to share pro rata with common stock in dividends in excess
of 7 p. c. on both classes.
9. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $85,081,000, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
POOR'S MANUAL — W ABASH RR. CO.
407
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
Bund List — see General Index;
$1,600,000 Des Moines Div. 1st gold 4s of Jan. 1, 1939.
2,055,000 Equip, s. f. 1st lien gold 5s of March 1, 1921.
577,000 St. L., C. B. & O. RR. 1st 6s of July 1,1906.
100,000 B. Co. & B. RR. 1st 7s of May 1, 1903.
304,500 B. & C. RR. 1st 8s of Aug. 1, 1903, int. F.&A.
$1,000,000 St. Charles Bridge 1st gold 6s of Oct.1,1908.
388,500 St. Charles Bridge 2d 7s of Oct. 1, 1903.
31, 664, 000 1st gold 5s of May 1, 1939.
14.000,000 2d gold 5s of Feb. 1, 1939.
30,000,000 Debenture 6s of July 1, 1939.
3,392,000 Chica. Ext. s. f. 1st gold 5s of July 1, 1941.
ST. CHARLES BRIDGE BONDS. — Secured in the order of their priority on the bridge over the Missouri
River at St. Charles, Mo.
FIRST MORTGAGE GOLD BONDS. — Secured by first mortgage on 1,008.6 miles of railroad east of the
Mississippi River (Toledo to East Hannibal, 460.5 m. ; Bluffs to Camp Point, 39.4 m. ; Clayton to Elvaston,
34.5 m.; Decatur to East St. Louis, 110.1 m. ; C. & W. I. Junction to Effingham, 205.4 m. ; Shumway to
AHumont, 9.5 m. ; Fairbury Junction to Streator, 30.9 m. ; Edwardsville to Edwardsville Crossing, 8.5 m. ;
Dolray to Butler, 109.8 m.) and also secured on 533.6 miles of railroad west of the Missouri River (Tayon
Ave., St. Louis, to Harlem, 274.8 m. ; Carr St., St. Louis, to Ferguson, 10.7 m. ; Moberly to Ottumwa,
i;;i.f: m. ; Salisbury to Glasgow, 15.4 m. ; Brunswick to Pattonsburg, 79.6 m. ; Centralia to Columbia,
21.0 m.), but subject, as to these lines west of the Missouri River, to the liens of the two St. Charles
Bridge mortgages and of the mortgages securing the bonds of the Brunswick and Chillicothe RR. Co., St.
Louis, Council Bluffs and Omaha RR. Co. and Boone County and Booneville RR. Co. Also secured on the
leasehold interests of the company in the terminals at Detroit, Chicago, Hannibal, Quincy and Kansas
City, and in the bridges at Hannibal, St. Louis and Kansas City. Bonds to a sufficient amoun1- are
reserved to retire at maturity, or whenever exchanges can be made upon the terms which ma/ be
prescribed by the Board of Directors, the prior mortgages on the property west of the Missouri River.
SECOND MORTGAGE GOLD BONDS. — Secured on the same lines (1,008.6 miles) east of the Mississippi River as
are covered by the first mortgage, together with the leasehold interest in the terminals at Detroit, Chicago,
Hannibal, and Quincy and in the bridge at Hannibal.
DEBENTURE MORTGAGE BONDS. — Secured by a lien subsequent to that of the 1st mtge. bonds on the
property west of the Mississippi River, and subsequent to that of the 2d mtge. bonds on the property east of
ihe Mississippi River, acquired in the reorganization of 1889, but not secured on any property acquired
since the reorganization. The bonds are in two classes — Series A (for $3,500,000) having preference for
interest only over Series B (for $26,500,000), interest on either issue, however, being payable only if earned
and non-cumulative. Any bonds of Series B not presented for redemption on the date of their maturity
will draw interest until the principal is paid on demand. The bonds may be voted at stockholders' meet-
ing at the rate of one vote to every $100 of bonds. On June 30, 1901, $484,224 of the B bonds were held
in the company's treasury.
DETROIT AND CHICAGO EXTENSION GOLD BONDS. — Secured as a first lien on the Chicago Extension, from
Montpelier, 0., to Clarke Junction, Ind., 149.6 miles, and the interest on them is charged on that extension.
There is provision for a sinking fund of up to 2 p. c. per annum out of the net earnings of the line
(accounts will be kept separate) for redemption of the bonds at 110.
DBS MOINES DIVISION GOLD BONDS. — In addition to being a first lien on the line from Moulton to Des
Moines these bonds are further secured by the deposit with the trustee of 20,000 shares of the capital stock
of the Des Moines and St. Louis RR. Co. and of the Moulton, Albia and Des Moines RR. Co., the owners
of the line mentioned; also by deposit of $50,000 of the capital stock of the Des Moines Union Ry. Co. and
the contracts respecting the Wabash RR. Co.'s rights in the use of the terminal facilities of that company
in Des Moines. The mortgage will be a first lien upon the road between Hannibal and Quincy, known
as the Hannibal and Quincy RR., if this line be built with the proceeds of the bonds reserved for same, it
being provided in the mortgage that in case the Wabash Co. should not construct the said line of railroad
from East Hannibal to Quincy, but in lieu thereof should arrange for use of the line of road now owned by
the C., B. & Q. RR. between said points, by lease for a period of ten years or more, then and in that case
the amount, namely, $200,000, held in reserve by the trustee, shall be cancelled and destroyed and the
amount of the Des Moines Division mortgage be limited to $1,600,000.
EQUIPMENT SINKING FUND FIRST LIEN GOLD BONDS.— Total issue, $3,000,000; the remaining $945,000 bonds
were issued after June 30, 1901. Secured on 40 locomotives, 48 passenger and combination cars, 3,000 box
cars, and 500 coal cars. An agreement between the company and the trustee requires that $100,000 of the
bonds shall be redeemed each year for the first five years, $150,000 each year for the next ten years, and
$200,000 each year from 1916-17 to 1920-21. Under the sinking fund provision of the agreement the company
has the right to deliver the required amount of bonds annually to the trustee for cancellation, or to pay
to the trustee a sufficient amount in cash to take up the required number of bonds at 108 p. c. and accrued
interest. In the latter event if the trustee cannot buy the required amount of bonds at 105 p. c. and interest
or less, the company has the right to elect whether the amount of the sinking fund so paid to the trustee
shall be used in the purchase of new equipment (to be covered by the agreement), or used in drawing the
required number of bonds by lot at 108 p. c. and interest. On March 1, 1902, $100,000 of the bonds were
retired.
ST. Louis, COUNCIL BLUFFS AND OMAHA RR. BONDS. — Secured by first mortgage on the road from
Chillicothe to Pattonsburg, Mo., 41.4 miles. The bonds are included in the funded debt of the Wabash RR.
Co., per general balance sheet, and the interest on them is guaranteed under the lease.
BOONE COUNTY AND BOONEVILLE RR. BONDS. — The bonds of May 1, 1903, are secured by first mortgage on
the road from Centralia to Columbia, Mo., 21.6 miles. Authority has been granted for the absorption of this
line by the Wabash RR., and for an issue of $300,000 bonds to retire the 1st mtge. bonds and provide for
improvements, etc.
BRUNSWICK AND CHILLICOTHE RR. BONDS. — Secured by first mortgage on the road from Brunswick to
Chillicothe, Mo., 38.2 miles. The bonds are included in the funded debt of the Wabash RR. Co., per
general balance sheet, and the interest on them is guaranteed under the lease.
10. Toledo and Chicago Division Bonds.— Under date of June 1, 1901, the company issued
$3,000,000 of 1st gold 4s of March 1, 1941, secured by first mortgage on the line from Montpelier to
Maumee, O., 50 miles, on the branch from Butler to New Haven, Ind., 26 miles, and on rolling stock
purchased with the proceeds of $1,000,000 of the bonds, and by second mortgage on the Detroit and Chicago
Extension, 149.6 miles; but they are not shown in the statement of funded debt, as they were not taken
into the general account until after the close of the fiscal year, being reserved by the trustee to pay for
the construction of the extensions to Maumee and to Fort Wayne.
11. Omaha Division Bonds.— Under date of Oct. 12, 1901, the company executed a mortgage
on the property formerly of the Omaha and St. Louis Ry. Co., to iecure an issue of $3,500,000 1st gold
3Js of Oct. 1, 1941, $8,000,000 of which bonds have b»en issued, the remaining $500,000 being reserved for the
purpose of acquiring additional terminal property and equipment, and for betterments to the property
408 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
covered by the mortgage. The $3,000,000 of bonds were issued as to $1,845,000 in exchange for the 1st
rotge. bonds of the Omaha and St. Louis at the rate of $800 for $1,000, and as to $1,154,400 for the purpose
of paying off receivership obligations and other charges against the Omaha and St. Louis Ry. property and
of Improving the same. The bonds are a charge on the line from Pattonsburg, Mo., to Council Bluffs, la.,
144.3 miles, the earnings of which will be kept separate.
12. Statement of operations, property and capital account for seven fiscal years :
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated
Passenger Train Miles. .
Freight Train Miles
Total Rev. Tr. Miles
Passengers Carried
1,935.4
4,917,128
6,845,391
1,936.2
5,019,857
6,313,782
1,936.2
4,823,090
5,402,191
3,061.3
5,499,994
6,306,504
3,877.7
6,370,751
7,101,324
2,339.5
6,644,720
7,075,158
2,360.8
7,237,318
6,981,866
11,168,519
3,404,771
139,472,829
5,811,557
1,100,976,202
$
2,992,636
7,932,816
1,034,387
11,333,639
3,542,042
158,966,979
6,100.710
1,218,785,357
S
3,239,977
8,480,552
1,086,614
10,225,281
3,149,170
135,963,860
5,954,760
1,149,989,024
S
2,837,973
7.604,770
1,084,044
11,806,498
3,517,682
180,359,167
6,382,831
1,265,693,171
$
3,528,746
8,524,733
1,154,383
13,372,076
3,751,019
210,592.939
6,987,641
1,666,830,054
$
3,995,102
9,212,692
1,186,180
13,719,878
4,277,735
233,848.06.5
8,080,220
1,902,881,278
$
4,474,652
10,616,340
1,349,998
14,218,579
4.943,016
264,268,214
8,354,949
1,978,952,453
S
4,982,694
11,158,966
1,412,805
Passenger Mileage
Freight (tons) Moved . . .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Total Earnings
11,959,839
8,921,030
12,807,143
9,242,605
11,526,737
7,979,159
13,807,862
9,304,779
14,393,974
10,411,474
16,440,990
11,947,417
17,554,465
12,752,045
Operating Expenses
Net Earnings
3,038,809
239,588
3,564,538
213,417
3,547,628
195,347
3,903,083
292,065
3,982,500
849,811
4,493,573
339,522
4,802,420
343,836
Other Receipts
Net Income
3,278,397
507,793
436,167
137,900
2,700,642
38,801
def. 542,906
6,179 52
4,60940
1,570 12
74.59 p. c.
2.146 C.
0.721 C.
1,601.7
2,148.6
418
315
12,453
523
f
52,000,000
82,434,000
782,709
3,179,235
3,777,955
519,678
428,913
149,210
2,587,335
61,019
31,800
6.614 58
4,77358
1,84100
78.17 p. C.
2.038 c.
0.696 C.
1,601.7
2,154.8
409
320
11,910
517
$
52,000,000
81,534,000
429,337
2,955,605
3,742,975
589,970
417,169
149,810
8,545,335
73,958
28,332
5,95330
4,121 04
1,83226
69.22 p. c.
2.087 c.
0.661 c.
1,594.0
2,162.5
401
317
11,941
518
$
52,000,000
81,534,000
977,820
2,598,102
4,195,148
499,486
527,756
149,210
2,545,335
71,865
401,496
6,40754
4,514 03
1,89351
70.45 p. c.
1.957 c.
0.624 c.
1,593.8
2,156.4
412
319
11,866
501
S
52,000,000
81,534,000
845,303
3,120,431
4,832,311
567,163
770,276
149,2fO
2,542,285
55,441
147,936
6,319 52
4,571 05
1,748 47
72.33 p. c.
1.897 c.
0.553 c.
1,593.8
8,152.2
405
332
13,087
501
52,000,000
83,073,000
880,473
3,157,202
222,481
4,833,095
567,327
797,678
126,335
8,799,471
333,185
210,099
7,02757
5,10683
1,920 74
72.67 p. C.
'1.913 c.
0.558C.
1,706.8
2,285.4
437
339
12,652
523
8
52,000,000
83,045,000
649,451
3,263,687
377,842
5,146,256
586,199
796,096
143,792
2,826,779
700,254
93,136
7,437 39
5,40373
3,034 67
73.64 p. c.
1.885c.
0.564 c.
1,717.2
2,339.4
434
349
15,565
528
52,000,000
85,081,000
645,871
3,927,617
403,001
Payments — Taxes
Track Rents
Lease Ren 'Is
Interest
OtherCh'ges
Balance, Surplus
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile. .
Expenses to Earnings. .
Av. Rate p. Pass. p. Mile
Av. Rate p. Ton p. Mile.
Miles RR. Owned
Miles Track Owned*....
Locomotives
Passenger, etc., Cars
Freight Cars
Service Cars
Capital Stock
Funded Debt
Floating Debt
Other Liabilities
Profit and Loss
Total Liabilities....
Cost of Property
Materials and Supplies..
Stocks and Bonds
138,395,944
133,433,500
331,037
1,204,922
2,409,086
1,017,399
136,918,942
133,433.500
578,954
304,982
1,617,920
983,646
137,109,922
133,433,500
483,157
699,907
1,553,288
940,070
137,499,734
133,433,500
598,247
784,632
2,166,165
517,190
139,333,156
135,033,500
709,518
822,093
2,768,045
139,335,980
134,944,500
891,219
875,915
2,624,346
143,057,489
136,980,500
816,931
1,382,331
2,977,737
Cash and Other Assets. .
Profit and Loss
Total Assets
138,395,944
136,918,942
137,109,938
137,499,734
139,333,156
139,335,980
142,057,489
*Practically all steel.
13. RAILROADS OWNED OR LEASED BY THE WABASH RR. Co.
Boone County and Boonevllle RR.— Cen-
tralia to Columbia, Mo., 21.6 m.; total track, 22.8
miles. Reorganization, April 30, 1873, of the Boone
County and Jefferson City RR. Co. (See Manual for
1891, page 566.) Leased for bond Interest: lease ex-
pires May 1. 1903. Capital stock. $500,000; bonds
(1st 7s of May 1. 1903), $100.000. R. B. Price,
Pres.; I. O. Hockaday, See. & Treas., Columbia, Mo.
BrnnBTrIck and Chllllcothe RR.— Bruns-
wick to Chillicothe, Mo., 38.2 m.; total track, 41.2
miles. Completed In 1872. Leased for interest on
bonds; lease expires Aug. 1. 2877. Capital stock,
$434,000; bonds (1st 8s of Aug. 1. 1903J, $304.500.
Interest payable at the Bank of Mutual Redemption,
Boston, Mass. J. Ramsey, Jr., Pres., St. Louis, Mo.;
E. P. Burnham, Sec., Saco, Me.; F. L. O'Leary,
Trens., St. Louis. Mo. Office, St. Loula, Mo.
Louisiana and Pike Comity RR.— Pitta-
field June, to Pittsflelfl, 111.. 6.2 m.; total track. 7.3
miles. Owned by Pike County, 111. Leased to the
POORS MANUAL OF RAILROADS.
409
Wabash RR. Co., Dec. 21, 1889; rental, $800 per
annum.
Pern and Detroit Ry.— Chill to Peru, Ind.,
9.5 in.; total track, 10.0 miles. Leased to the Wa-
itll. Co. for 900 years from Dec. 1, 1890; rental,
Interest on bonds and taxes. Capital stock, $1,900;
.1 debt (1st 5s of Feb. 1, 1929), $90,000 — total,
$1)1,900. Cost of road, $120,877. Stock and bonds
are all held by the lessee. C. L. Brownell, Pres.;
L. B. Tutwller, Sec. Office, Peru, Ind.
St. Louis, C'oniicll lllulT.s and Omaha
RR.— Chlllicothe, Mo., to Pattonsburg, Mo., 41.4 m.;
total track, 44.9 miles. Organized Oct. 7, 1870;
opened In 1871. Leased to the Wabash RR. Co. for
999 years from July 1, 1878, for Interest on $577,000
1st 6s of July 1, 1908. James F. How, Pres.; H. A.
Lloyd, Sec.; F. L. O'Leary, Treas., St. Louis, Mo.
14. Board of Directors, Wabash RR. Co., elected October 8, 1901.
O. D. Ashley New York, N. Y.
George J. Gould. .. " "
Edgar T. Welles... "
Henry K. McHarg. "
John T. Terry New York, N. Y.
Russell Sa^e "
P. B. Wyckoff "
J. Ramsey, Jr St. Louis, Mo.
O. D. ASHLEY, Chairman Board of Directors New York, N. Y.
Cyi-us J. Lawrence.. New York, N. Y.
8. O. Reynolds Toledo, O.
Edwin Gould New York, N. Y.
Thos. H. Hubbard. "
James H. Hyde New York, N. Y.
J. RAMSEY, JR. , President St. Louis, Mo.
Edgar T. Welles, Vice- President New York, N. Y.
M. Knight. 2d Vice-Pres St. Louis, Mo.
W. H. Blodgett, 3d Vice-Pres and General Counsel " "
Secretary— 3. C. Otteson New York, N. Y. I Asst. Secretary— ~E. B. Pryor St. Louis, Mo
Treasurer— F. L. O'Leary St. Louis, Mo. | Auditoi — D. B. Howard "
PRINCIPAL OFFICE AND ADDRESS Lincoln Trust Building, St. Louis, Mo.
New York Office 195 Broadwaj.
WHEELING AND LAKE ERIE RAILROAD COMPANY,
(For map of this road, see page 411.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 6
Directors and Officers 11
Earnings, Expenses, etc., 1901... 4
Earnings, Exp., etc., 1900 & 1901. 10
Equipment Trusts 9
Funded Debt, Details of 7
Gen. Balance Sheet, June 30, 1901. 5
Gen. Bal. Sheet, 1900 and 1901... 10
History 2
Income Account, June 30, 1901. . . 4
Income Account, 1900 and 1901.. 10
Mileage Operated 1
Operations, Traffic Statistics 4
Refunding of Divisional Bonds. . 8
Rolling Stock 3 and 3a
1. Mileage Operated, June 80, 1901. — A. LINES OWNED (461. 34 miles).
Toledo Division : Toledo to ^Itnaville, O 218 . 50 miles.
Cleveland Division : Cleveland, to Zanesville, 0 143 . 88
Huron Branch : Huron Junction to Huron, O 12.89
Steubenville Branch : Warreutou to Steubenville, 0 13.64
Toledo Belt Ry.: Toledo, 0 4.13
She.rrodsville Branch : Canton to Sherrodsville, 0 45.09
Wayneslmrgh Branch : Canton to Indian Run Mines, 0 8.39
Fuller Mine Branch : Sherrodsville, O 2.45
Cleveland Belt Ry.: Cleveland, O 5.71
Massillon RR. : Navarre to Warwick Mines, 0 6 . 09
Canton and Wooster RR.: Justus, O., to C., L. & W. Crossing 0.57
-B. LEASED LINE : Chagrin Falls Branch : Falls June, to Chagrin Falls, 0 8.18
Total length of lines operated, June 30, 1901 469 . 52 miles.
Average revenue mileage operated, year ending June 30, 1901 442.30 "
2d track (Toledo Belt), 3.86 m. ; sidings, 193.13 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56, 60,
and 70 Ibs.
2. History. — Reorganization, April 28, 1899, of the Wheeling and Lake Erie Ry. Co. (see
MANUAL for 1899, page 361). The company took possession of the Wheeling and Lake Erie
lines, including the Toledo Belt Ry., an aggregate of 248.5 miles, on May 1, 1899. The
divisions of the Cleveland, Canton and Southern RR., sold under foreclosure on Feb. 4, 1899
(being the main line from Cleveland to Coshocton, 0., 116 miles, and the Sherrodsville and
Wayuesburgh Branches), together with the Cleveland Belt and Terminal Ry., were purchased
and absorbed on Aug. 15, 1899 ; the Coshocton and Southern RR. (from Coshocton to Zanes-
ville, 0.), and the Zanesville terminals of the Cleveland, Canton and Southern RR., were
410 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
acquired on July 1, 1900. The company also acquired the ownership of the Canton and
Wooster RR. and of the Massillon RR. In Dec., 1900, work was commenced on the contrac-
tion of the Adena RR., a proprietary line, to extend from Adena to Bellaire and Martin's Ferry,
(X, about 26 miles, to be completed late in the summer of 1902. On Jan. 1, 1902, the com
pany took over the Zanesville Belt Line, the ownership of which it had acquired. The
Chagrin Falls Branch was purchased by the Wheeling and Lake Erie RR. Co. on Dec. 31,
1901.
3. Rolling Stock, June 30, 1901. — Locomotives, 112. Cars— passenger, 30; combination,
9; parlor, 3; cafe, 1; baggage, mail, and express, 11; milk, 4; freight (box, 1,177; flat, 404;
refrigerator, 11; stock, 10; coal gondola, 6,220; coal dump, 147), 7,969; service cars, 139—
total, 8,166.
3a. Rolling Stock, April 1, 1902. — Locomotives, 118. Cars— passenger, 29 ; combina-
tion, 9 ; parlor, 5 ; baggage, mail, and express, 11 ; milk, 3 ; freight (box, 1,162 ; flat, 432 :
stock, 10 ; coal gondola, 6,613 ; coal dump, 140), 8,357 ; service cars, 150— total, 8,564.
4. Operations, year ending June 30, 1901. — Train mileage — passenger, 860,598; freight,
1,097,543— total, 1,958,141 miles. Passengers carried, 777,282; carried one mile, 20,177,9!)G;
average mile rate, 2 cents. Tons freight moved, 4,285,310 ; moved one mile, 425,687,887 ;
average ton-mile rate, 0.57 cent.
Earnings— Passenger $403,086 72
Freight 2,408,270 91
Mail and Express 66,767 96
Miscellaneous 85,979 43
Expenses— Maint. of Way and Structures. . $335,281 22
Maintenance of Equipment 393.180 94
Conducting Transportation 1,237,602 81
General Expenses 110,449 02
Total (86,678.96 per mile) $2,954,105 02 Total ($4,694.80 per mile) $2,076,513 99
Net earnings (29.71 p. c.), $877,591.03 ; other receipts, $44,057.61— total, $921,648.64.
Payments : Interest on funded debt, $537,350.82; adjustment of interest in refunding divi-
sional bonds, $4,968.12; rentals of tracks and terminal facilities, $99,623.87; interest, discount,
and exchange, $32,894.81; taxes, $96,751.13; interest accrued on current liabilities, not due,
$3,109.70— total, $774,698.45. Surplus, $146,950.19 ; surplus forward, $206,553.51— total,
$353,503.70.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $48,213,039 95
Stocks and Bonds Owned 462,721 00
Materials and Supplies 241,315 25
Cost of New Equip, in Suspense (Contra) 921,129 40
Additions to Property and Improvements 714,073 86
Construction Account 76,915 85
Consol. 1st Mortgage 4s in Treasury 266,000 00
Current Accounts 318,829 29
Cash on Hand 612,821 42
Unearned Insurance Premiums 6,686 65
Total Assets $51,833,532 67
Common Stock ($100 shares) $20,000,000 00
1st Preferred Stock ($100 shares) 4,135,800 00
2d Preferred Stock ($100 shares) 11,567,900 00
Funded Debt 13,533,000 00
Equipment Trust Obligations (Contra).. 921,129 40
Bills Payable 371,670 76
Current Liabilities 722,018 29
Interest Accrued, not Due 174,18621
Taxes Accrued, not Due 49,142 23
Equipment Replacement Fund 5,182 08
Profit and Loss 353,503 70
Total Liabilities $51,833,532 67
6. Capital Stock.— Capital stock authorized— common, $20,000,000; 1st preferred non-cumulative
4 p. c., $5,000,000; 2d preferred non-cumulative 4 p. c., $12,000,000. On April 1, 1902, the outstanding 1st
preferred stock amounted to $4,986,900, and the outstanding 2d preferred stock to $11,993,500.
7. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $13,533,000, as per general
balance sheet — consisted of the following issues (additional particulars will be found in the Ready Reference
Bond List — see General Index):
$2,OOO,OOO Lake Erie Division 1st gold 5s of Oct.
1, 1926. Secured by first mortgage on the line
from Bowerston to Toledo, 173.40 m., and on the
branch to Huron, 12.54 miles.
894.OOO Wheeling Division 1st gold 5s of July
1, 1928. Secured by first mortgage on the extension
from Bowerston to Martin's Ferry, 43.61 miles,
and by second mortgage on the Lake Erie Divi-
sion, 185.94 miles.
343,OOO Extension and Improvement 1st gold 5s
of Feb. 1, 1930. Secured by first mortgage on the
Steubenville and Bellaire extensions, as well as by
general mortgage on the rest of the company's
property, and additionally secured by deposit with
the trustee of the mortgage of stocks of auxiliary
companies, as follows: Wheeling, Lake Erie and
Pittsburgh Coal Co., $670,000; Toledo Dock and
Coal Co., $50,000; Toledo Belt Ry. Co., $300,000.
$84,OOO Toledo Brit 1st gold 5s maturing in various
amounts on various dates to March 1, 1903.
Secured on the Toledo Belt Ry. property.
1O,212,OOO (including $266,000 in treasury) 1st
consol. gold 4s of Sept. 1, 1949. Secured on the
entire property of the company, subject only to
the liens of the four issues of underlying bonds
described before. The authorized issue is $15,000,-
000, of which a sufficient amount is reserved for
the retirement of prior liens, and $2,000,000 to
provide for future extensions and the acquisition
of additional dock and terminal properties.
8. Refunding of Divisional Mortgage Bonds.— In May, 1900, the company offered to the
holders of the divisional mortgage bonds the privilege of exchanging their bonds for the par value thereof in
1st consol. mtge. bonds, a bonus of 30 p. c. in 1st preferred stock and 15 p. c. in 2d preferred stock to be
411
412 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
paid for Lake Erie Division bonds, and a bonus of 20 p. c. in 1st preferred stock and 10 p. c. in 2d prefem
stock for the- other divisional bonds. This offer has been terminated.
9. Equipment Trust*. — The equipment trust obligations outstanding June 30, 1901, extend*
over a period of nine years and ten months, some of them being payable monthly, some quarterly a
some annually. The average payments will amount to $149,827.60 annually for the first four years,
for the year following, $46,000 annually for the next four years, and $51,000 for the last ten n
1O. Statement of operations, income and general balances, for two years ending June 30
1900
1901
1900
1901
Average Mileage Operated —
393.26
826,888
1,116,900
845,182
16,942,451
4,165,881
421,883,093
$
346,267.62
2,148,298.15
175,458.90
442.30
860,598
1,097,543
777,282
20,177,9%
4,581,553
455,359,735
8
403,086.72
2,408,270.91
142,747.39
Net Earnings
765.031 23
40,070 54
44,057
Other Receipts
Freight Train Mileage
Net Income
805,101 77
509,11666
80,975 03
8,774 60
0-31,648
537,350 .
96,751
140,596
Payments— Interest on Bonds.
Taxes
Freight (tons) Moved
Other
Earnings — Passenger
Total
598,866 35
206,23542
32,630,000 00
13,000,000 00
2,009,250 U2
206,55351
774,698
14(5,950
35.703,700
13,533,000
2.243,328
ao3,503
Freight
Other
Surplus
Capital Stock
Total
2,670,024.67
1,904,993.44
2,954,105.02
2,076,513.99
Other Liabilities
Operating Expenses
Profit and Loss
Net Earnings
Total Liabilities
765,031.23
6,789.46
4,844.11
1,945.35
71.35 p. c.
2.04 c.
0.541 c.
877,591.03
6,678.96
4,694.80
1,984.16
70.29 p. c.
2.00 c.
0.566 C.
47,845,803 53
45.324,703 71
462,720 00
228,120 19
1,830,25963
51,833.532
48,213,039
462,721
241.315
2,916,456
Gross Earnings per Mile
Gross Expenses per Mile
Cost of Road and Equipment.
Stocks and Bonds Owned
Materials and Supplies. ,
Other Assets
Aver. Rate per Pass, per Mile.
Aver. Eate per Ton per Mile. .
Total Assets
47,845,803 53
51,a33,538
11. Board of Directors, W. & L. E. RR. Co., elected May 7, 1902.
MYRON T. HERBICK, Chairman of the Board Cleveland, O.
To serve for one year.
Cyrus J. Lawrence, New York, N. Y.
W. E. Connor "
Myron T. Herrick Cleveland, O.
Geo. A. Garretson
Robt. Blickensderfer.. " "
To serve for two years.
Geo. J. Gould New York, N. Y.
W. G. Mather Cleveland, O.
D. R. Hanna " "
E. W. Oglebay " "
C. M. Spitzer " "
To serve for three years.
Edwin Gould New York, N.
Winslow S. Pierce "
Alvin W. Krech. . "
Joseph Ramsey. Jr. . .St. Louis, 51
H. P. Mclntosh Cleveland,
JOSEPH RAMSEY, JR., President St. Louis, Mo.
Alvin W. Krech, Vice- President New York, N. T.
Treasurer— H. B. Henson New York, N. Y. | Sec. & Aud. — J. H. Dowland Cleveland,
Gen. Mgr.—Robt. Blickensderfer Cleveland, O.
PRINCIPAL OFFICE AND ADDRESS Electric Building, Cleveland, O.
New York Office 195 Broadway.
WISCONSIN CENTEAL RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Directors and Officers 13
Earnings, Expenses, etc., 1901... 6
Earnings, Exp., etc., 1900 & 1901. 11
Funded Debt, Details of 9
Gen. Balance Sheet, June 30, 1901. 7
Gen. Balance Sheet, 1900 & 1901. 11
History 4
Income Account, June 30, 1901 . . 6
Income Account, 1900 & 1901.... 11
Lake Ferry Connections 2
Land Department 12
Mileage Operated
Operations, Traffic
Oper. and Income, 1900 & 1901.
Rollins Stock
Sinking Fund
Trackage Contracts
1. Trackage Contracts. — The contract for use of the Illinois Central RR. tracks a
terminals in Chicago is for 99 years. The contract for use of the C., M. £ St. P. Ry. trac
from Rugby to Milwaukee and terminals in Milwaukee has been extended for 5 years. T
tracks of the Great Northern Ry. between St. Paul and Minneapolis, and the Union Passe
ger Stations in both of those cities, are used under a contract for 99 years.
2. Lake Ferry Connections. — From Manitowoc, Wis., connection is made by means i
steam ferry lines with the Ann Arbor RR. at Frankfort, Mich., with the Pere Marquette R ;
at Ludington, Mich., and with the Cleveland, Cincinnati, Chicago and St, Louis Ry. at Bent '
Harbor, Mich.
POOR'S MANUAL— WISCONSIN CENTRAL RY. CO.
413
3. Mileage Operated, June 30, 1901.— -4. LINES OWNED (total, 982.85 miles).
•Main Line : Chicago, 111., to Trout Brook Junction, Minn 452.02 miles.
Northern Division : Abbotsford, Wis., to Ashland, Wis 182.56
Manitowoc Branch : Neenah to Manitowoc, Wis *44.18
Portage Branch : Stevens Pt. to Portage, Wis 70.75
Montello Branch : Packwaukee to Montello, Wis 7.68
Nekooxa Branch : Marshfield to Nekoosa, Wis 82.61
Marshfield Branch : Marshfield to Greenwood, Wis 22.44
Eau Claire Branch : Chippewa Falls to Eau Claire, Wis 9.84
Rib Lake Branch : Chelsea to Rib Lake, Wis 5.57
Penokee Branch : Mellen to Bessemer, Mich 33.56
Ashland Ore Dock and Yard Line 2.26
Ashland Commercial Dock Line 1.04
Spurs to Industries 166.81
Other Tracks 1.53
B. TRACKAGE RIGHTS (total, 64.79 miles).
Illinois Central RR. : In Chicago, 111 15.29
Chicago Junction Ry. : In Chicago, 111 4.60
Chicago, Milwaukee and St. Paul Ry. : Milwaukee to Rugby Junction, Wis. . 27.60
Chicago, Milwaukee and St. Paul Ry. : Magenta to Eau Claire Terminal, Wis. 1.32
Northern Pacific Ry. : In St. Paul, Minn 2.99
Great Northern Ry. : St. Paul to Minneapolis, Minn 12.99
Total length of lines in the system on June 30, 1901 1,047.64 miles.
2d track, 3.05 m. ; sidings, 250.62 miles. Gauge, 4 ft. 8£ in. Rail (steel, 838.40 m.), 52 to 85 Ibs.
Of tbe mileage shown in the preceding statement, 65.41 miles of main track (spurs) and 27.64
miles of side track are not operated by the W. C. Ry. Co.
4. History. — Chartered Dec. 27, 1897, and on July 13, 1899, acquired title to the proper-
ties of the Wisconsin Central Co., Wisconsin Central RR. Co., Packwaukee and Montello RR.
Co., Milwaukee and Lake Winnebago RR. Co., Chicago, Wisconsin and Minnesota RR. Co.,
and Central Car Co., under the terms of the plan of reorganization outlined in the MANUAL
for 1899, on pages 367 et seq.
The Marshfield and Southeastern RR., extending from Marshfield to Nekooia, Wis.,
82.61 miles, with 5.64 miles of side track, was purchased during the year. The purchase was
made as of April 1, 1901, and possession was assumed on May 1, 1901, at which time the
road and property of the Marshfield and Southeastern RR. Co., was conveyed by proper in-
struments to the Wisconsin Central Ry. Co.
5. Rolling Stock, June 30, 1901. — Locomotives, 157. Cars — passenger (1st class, 38; 2d
class, 19), 57 ; dining, 4 ; parlor, 5 ; sleeper, 12 ; combination, 13 ; baggage, mail, and ex-
press, 27 ; milk, 3 ; freight (box, 5,324 ; flat, 489 ; tank, 5 ; gondola, 311; ore, 1,757 ; caboose,
88), 7,974 ; business, 2 ; pile driver, steam shovel and road service cars, 44 — total, 8,141.
6. Operations, year ending June 30, 1901 (average, 955.07m.). — Train mileage — passen-
ger, 1,668,896 ; freight, 2,027,951— total, 3,696,847 miles. Passengers carried, 980,890 ; car-
ried one mile, 54,134,195 ; average mile rate, 2.08 cents. Tons freight moved, 3,428,562;
moved one mile, 522,867,887 ; average ton-mile rate, 0.74 cent.
Earnings— Passenger $1,180,762 84
Freight . 3,879,04671
Mail, Express, and Other 264,465 03
Total ($5,574.75 per mile) $5,324,274 58
Expenses— Maint. of Way and Structures. . $630,100 26
Maintenance of Equipment 478,31303
Conducting Transportation 2,112,734 38
General Expenses 245,315 72
Total ($3,629.54 per mile)
Net earnings (34.89 p. c.), $1,857,811.19; other receipts, $24,762.11— total, $1,882,573.80.
Deductions: Interest on bonds, paid and accrued (W. C. Ry. 1st gen. mtge., $967,643.56 ; W.
C. RR. 1st series, $33,225 ; C. W. & M. RR. 1st mtge., $46,560 ; M. & L. W. RR. 1st mtge.,
$36,240; M. & S. E. Div., purchase money 1st mtge. bonds, $3,000), $1,086,668.56 ; interest
on purchase price of locomotives, etc., $3,842.16 ; terminal rentals accrued, $332,829.49;
taxes accrued, $213,115.73— total, $1,636,455.94. Surplus, $246,117.36 ; surplus forward,
* 14.37 miles of this line, from Menasha to Hilbert Junction, are owned jointly by the W. C. Ry. Co. and
the C., M. & St. P. Ry. Co.
414 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
$42,168.20 — total, $288,285.56. Deduct appropriation for part payment of the cost of im
provements, $11,850.42. Balance to credit of profit and loss, June 30, 1901, $276,935.14.
7. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $52,608,918 33
Cost of Minneapolis Real Estate and Imp. 570,960 30
Ten Locomot's from Brooks Locom. Wks. 127,441 96
Treasury Preferred Stock 1,232,895 64
Treasury Common Stock 1,352,124 07
Material in Private Tracks 137,970 39
Investments in Stocks and Bonds 53,777 63
William L. Bull, Trustee 78,038 19
W. C. RR. 1st Ser. Sink. Fund, Trustees. 400,142 47
Cash in Special Improvement Fund 792,316 38
Materials and Supplies 601,647 86
Current Assets 535,744 43
Cash 667,96822
Amount of Outstanding Contracts for
Sales of Land, Royalties, etc 189,172 78
Insurance Account 424 50
Tax Account 11,762 96
Total Assets $59,361,306 11
Common Stock ($100 shares) $17,500,000 0(
Preferred Stock ($100 shares) 12,500,00001,
Funded Debt Outstanding (see Sec. 9)... 27,634,
Brooks Locomotive Works 122,'.'
Vouchers and Pay Rolls 423,
Accounts Payable 7(i,-
Interest on Funded Debt Accrued 554,702 5(
Sink.Fd.Trust. for Acct. of Ld. Sales.etc. 225,637 91
Equipment Renewal Account. 41,655 i:
Rebuilding Suspense Account 4,744 0!
Profit and Loss 276,935 1'.
Total Liabilities $59,361,306 i:
8. Capital Stock. — The preferred stock is entitled to receive, or have Bet apart for it, a non
cumulative dividend, if declared, to the extent of 4 p. c. per annum, payable out of the surplus net earning!
each fiscal year before any dividend for such year shall be paid on the common stock, and without deduc
tion for any taxes which the company may be requiied at any time to pay or retain therefrom. In any yea:
in which 4 p. c. dividend shall have been declared on behalf of common and preferred stock, all shares
whether common or preferred, shall participate equally in any further dividends for such year. Whenever
for two successive years, dividends on the preferred stock at the rate of 4 p. c. per annum shall not havi
been earned and paid in cash, said preferred stock shall thereafter have the right to elect a majority of thi
board of directors of the company.
The preferred stock cannot be increased beyond $12,500,000 par value, except after obtaining the consen
of the holders of at least a majority of the whole amount of the preferred stock, given at a meeting of th>
stockholders called for that purpose, and also the consent of the holders of a majority of such part of th>
common stock as shall be represented at such meeting.
Voting power is vested in five voting trustees, under an agreement dated July 13, 1899, in pursuance o
which the stocks will be held by such trustees until July 1, 1904, although it may be distributed at any earlie
date at their discretion. Until such distribution is made, voting trust certificates will be issued, entitling
registered holders to any dividends that may be declared on the shares.
9. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $27,634,500, as per genera
balance sheet — consisted of the several issues of bonds, listed in the following statement. Additiona
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Referenc*
Bond List — see General Index:
$664,500 W. C. RR. 1st series gold 5s of Jan. 1, 1909.
776,000 C., W. & M. 1st gold 6a of March 1, 1916.
604,000 M. & L. W. 1st gold fi= <-f .Tulv 1, 1912.
5,000 M. & L. W. divisional os past due.
$24,635,000 1st gen. gold 4s of July 1, 1949.
450,000 M. & S. E. Div. gold 4s cf May 1, 1951.
500,000 Minn. Term, gold 3Js of Jan. 1, 1950.
WISCONSIN CENTRAL RR. FIRST SERIES BONDS.— Secured by first mortgage on the Wisconsin Centra
RR. (See Manual for 1899, page 363.) The proceeds of land sales are applicable to purchase of these bond
when they can be bought, but there are to be no drawings.
FIRST MORTGAGE BONDS, O., W. A; M. RR. — Secured on the line from Central Avenue, Chicago, t<
Schleisingerville, Wis., 114.67 miles.
FIRST MORTGAGE BONDS, M. & L. W. RR. — Secured on the line from Schlesingerville to Neenah, Wis.
and on the section of the Manitowoc Division between Neenah and Menasha.
FIRST GENERAL MORTGAGE BONDS. — Secured by a mortgage which is in effect a first mortgage on all th(
property of the company, subject only to the liens of the four issues of underlying mortgage bonds describee
in the preceding paragraphs, to the lien of $3,885 of real estate mortgage notes on a part of the Manito\vo<
Terminal property, and to some mortgages given to secure bonds of the Chicago, Milwaukee and St. Paul Ry
Co. on the half interest in the 14.37 miles of road between Hilbert Junction and Menasha, Wis., purchased fron
the company named. All of the other bonds of the several old companies constituting the Wisconsin Centra
System have been acquired by the company and have been deposited with the trustee under this mortgag<
as muniments of title. Of the $2,365,000 of bonds unissued on June 30, 1901, $2,555,000 were reserved for th<
retirement of prior liens and $110,000 are available for improvements, equipment, etc.
MARSHFIELD AND SOUTHEASTERN DIVISION PURCHASE MONET MORTGAGE BONDS. — Secured on the line frorr
Marshfield to Nekoosa, Wis., 32.61 miles.
MINNEAPOLIS TERMINAL PURCHASE MONET MORTGAGE BONDS. — Secured on the terminals building at Minne
apolis, Minn. The bonds are subject to call for redemption on or after Jan. 1, 1910, at 105 p. c. and interest.
1O. Sinking1 Pnnd. — When the first series of bonds of the Wisconsin Central RR. Co. have all beer
retired and the mortgage under which they were issued, dated Jan. 1, 1879, shall have been discharged o:
record, all moneys arising from the sales of lands belonging to the land grant shall be received by the
trustees of the Wisconsin Central Ry. Co. 'a mortgage, and the surplus thereof remaining, after deducting
the expense of the trust in respect thereof and of the management, settlement and sale of said land, and aftei
repayment to the railway company for its outlays for taxes, assessments, advertising charges, betterment!
and other proper expenses incurred by it in connection with said lands, or to promote the sale thereof,
shall be invested by the trustees in purchasing bonds secured by the mortgage of the Wisconsin Central Ry.
Co. whenever such bonds can be purchased at a price not exceeding par and accrued interest. If suck
purchase cannot be effected within three months after the receipt of such proceeds the trustees shall, i!
the railway company requests, purchase said bonds at any higher price fixed by the company, but if the rail
way company does not so request, such proceeds shall be paid to the railway company when and as called
for by resolution of its Board of Directors, approved by a majority of all 'members, specifying that such
proceeds are to be used for the improvement, betterment, enlargement, equipment or extension of the rail
POORS MANUAL OF RAILROADS.
415
wads or property covered by the mortgage or additions thereto, specifying the particular purpose for
vhich these proceeds are to be used.
There was in the Land Grant Sinking Fund at the beginning of the fiscal year, $44,581.44; there was paid
nto this fund during the year, $359,000; interest on deposits during year, $5,061.03; making a total amount
ivailahle, $408,642.47. Paid during the year for expenses of administering the trust, $8,500. Balance
n the sinking fund at the close of the fiscal year, $400,142.47.
11. Statement showing the operations, income and general accounts for two fiscal years
snding June 30, 1900, and 1901 :
1900
1901
1900
1901
Averago Miles Operated
945.27
1,765,574
2,212,702
1,022,109
55,531,509
3,989,032
571,086,238
9
1,182,493 11
4,174,776 14
280,146 93
955.07
1,668,896
2,027,951
980,890
54,134,195
3,428,562
522,867,887
$
1,180,762 84
3,879,046 71
264,465 03
Net Earnings
2,056,480 45
8,277 93
1,857,811 19
24,762 11
•Passenger Train Miles
Other Receipts
Freight Train Miles
I Passengers Carried
Freight (tons) Moved
Net Income
2,004,758 38
206,705 10
1,026,953 98
1,882,57330
213,115 73
1,090,510 72
Deductions— Taxes
Interest
1 Freight (ton) Mileage
' Earnings Passenger
Rentals
Total Deductions
338,184 16
1,571,843 24
492,915 14
30,000,000 00
26,276,500 00
1,221,89244
42,16820
332,829 49
1,636,455 94
246,117 36
30,000,000 00
27,634,500 00
1,449,870 97
276,935 14
Freight
Other
Capital Stock
Total
5,637,416 18
3,580,935 73
5,324.274 58
3,466,463 39
Funded Debt
1 Operating Expenses
Profit and Loss
Net Earnings
2,056,480 45
5,963 82
3,788 27
2,175 55
63.52 p. c.
2.03 c.
0.73 C.
1,857,811 19
5,574 75
3,629 54
1,945 21
65.11 p. C.
2.08 c.
0.74 c.
Total Liabilities
57,540,560 64
49,954,731 74
5,221,254 72
575,958 90
1,788,615 28
59,361,306 11
52,736,360 29
4,618,225 07
601,647 86
1,405,072 89
Gross Earnings per Mile
Cost of Road and Equipment.
Other Investments
Oper. Expenses per Mile
Net Earnings per Mile.. . .
Materials and Supplies. .
Expenses to Earnings
Aver. Rate p. Pass, p. Mile. . .
Aver. Rate p. Ton p. Mile. . . .
Other Assets
Total Assets
57,540,560 64
59,361,306 11
12. Land Department. — Lands unconveyed July 1, 1900 (unsold, 479,291.44 acres; under contract,
64,442.24 acres), 543,733.68. Deeded during the year, 34,709.17 acres. Cancellations, 3,708.19 acres. Lands
unconveyed June 30, 1901 (unsold, 455,660.74 acres; under contract, 53,363.77 acres), 509,024.51 acres. There
were sold during the year 27,338.89 acres for $154,399.28, an average of $5.65 an acre. There were 26 lots
sold for $1,340.10. Sales cancelled amounted to $15,792.16. Net sales, $139,953.22; add for stumpage, $153,-
2os.!«; add for royalties, $122,237.49— total, $415,399.64. The receipts of the department amounted to $425,-
339.23; taxes and expenses, $105,307.97; payments to sinking fund, $359,000. Amounts unpaid on out-
standing contracts, $372,650.36, of which $348,720.44 was principal and $23,929.92 interest.
13. Directors (as constituted Oct. 8, 1901).— John Crosby Brown, Wm. L. Bull, Fred T.
Gates, Gerald L. Hoyt, James C. Colgate, Edward W. Sheldon, Joseph S. Dale, New York,
N. Y.; Francis R. Hart, Boston, Mass.; H. F. Whitcomb Howard Morris, Milwaukee, Wis.;
Wm. F. Vilas, Madison, Wis.
WM. L. BULL, Chairman of the Board New York, N. Y.
H. F. WHITCOMB, President Milwaukee, Wis.
Treasurer— W. R. Hancock Milwaukee, Wis. Assistant Secretary— Joseph S. Dale. .New York, N. Y.
Secretary— Charles M. Morris " " Compt. & Aud.— Robert Toombs Milwaukee, Wis.
PRINCIPAL OFFICE AND ADDRESS Milwaukee, Wis.
ABBOTSFORD AND NORTHEASTERN RR.-Projected : Abbotsford, Wis., to Wausau and
Merrill, Wis., 70 miles. Completed up to June 30, 1901 : Abbotsford to Athens, Wis., 15.16 m.; total track, 15.74
miles. Rail (steel, 2.28 m.), 56 and 60 Ibs. Gauge, 4 ft. 8* in. Chartered April 12, 1889 ; road opened Oct. 1, 1889.
Locomotive, 1. Cars- freight (flat), 4 ; caboose, 1- total, 5.
Operations, year ending June 30, 1901.— Trains rim (freight, 13.168 ; other, 455). 13,623 miles. Passen-
gers carried, 3,052 ; carried one mile, 44,322. Tons freight moved, 52,955 ; ton-miles, 722,039. Earnings (pas-
senger, $1,599; freight, $18,920; other, $1 .746), $22,265. Operating expenses, $17,032. Net earnings, $5,283. Pay-
ments : Interest on bonds, $6,720 ; taxes, $97 ; exchange, $6— total, $6,823. Deficit, $1,590 ; deficit forward ($8,741,
less $15 receipts omitted in previous report), $8,735 — total, $10,325.
Q-eneral Balance Sheet, June 30. 1901.— Capital stock ($100 shares), $120,000 : funded debt (1st gold
» of Oct. 1, 1010), $112,000; current liabilities, $9,268; interest accrued, $1,680— total, $242,948. Contra : Cost
of road and equipment, $232,000 ; cash on hand, $623 ; profit and loss, $10,325— total, $242,948.
Directors.— Fred. Rietbrock, L. W. Halsey, A. C. Rietbrock, Thos. H. Gill, Milwaukee, Wis.; Wm. L.
Erbach, Athens, Wis. OFFICERS : FRED. RIETBROCK, Prf». & Gen. Mgr.; L. W. Halsey. Vice-Preg.; A. C.
Rietbrock, 7'reas. <fi Aud.; Thos. H. Gill, Sec., Milwaukee, Wis. GENERAL OFFICE, Milwaukee, Wis.
ADDYSTON AND OHIO RIVER RR.-Addyston, O., to Ohio River, Cincinnati, O., 7.20 miles.
Rail (steel), 56 Ibs. Gauges, 4 ft. 8i in., 4 ft., and 2 ft. 10* in. Incorp. Feb. 12, 1889 ; road opened Sept., 1880.
416 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Owned by the United States Cast Iron Pipe and Foundry Co., and used by that company for transporting stuff i
and aronnd their shops. Locomotives, 7. Cart— freight (coal, 60 ; other. 35), 95 ; other, 1— total, 96. Caplu
stock ($100 shares), $50,000.
Directors.— Daniel McLaren, Larz Anderson, B. F. Haughton, B. S. Cunningham, W. J. Lippincott, Cli
cinnati,O. OFFICERS : E. C. FULLER, Pret.; G. J. Long, 1st Vice-Pre*.; A. F. Callahan, Zd Vice-Pros.; J. M
Thornton, 2d \1ce-Pres.; B. F. Haughton, Sec. & Treas.; T. N. Johnson, Jr., Qen. Mgr. GENERAL OFFioJBl
Rookery Building, Chicago, 111.
AHNAPEE AND WESTERN RY.— Casco June, to Sturgeon Bay, Wis., 34 m.; total track,-*
miles. Kail (steel). 56 Ibs. Gauge, 4 ft. 8* in. Chartered Aug. 18, 1890. Road completed from Ca*co June, ti
Ahnapee (now Algotna), 14 m., in Aug., 1892 ; to Sturgeon Bay in July, 1894. Connects with the KewMfll
Green Bay and Western RR. at Casco June. Road owned by E. Decker & Sons. Locomotives, 2. Cars— 51
senger, 1 ; baggage, 2 ; freight (box, 1 ; flat, 20), 21— total, 24.
Operations, year ending June 80, 1901.— Trains run (mixed), 42,976 miles. Passengers carried, 26,9*5;
carried one mile, 914,260. Tons freight moved, 80,969 ; ton-miles, 1,052,946. Earnings (passenger, $18,91
freight, $19,735; other, $4,635), $43.044. Operating expenses, $25,712. Net earnings, $17.332. Paymei,
terest on bonds, $20,400 ; taxes, $170— total, $20,570. Deficit, $3,238 : deficit forward, $69,502— total, $7~V.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($500,000 auth.; $100 shares), $106,000
funded debt (1st 6s of July 1, 1904), $340,000 ; current liabilities, $127,535— total, $573.535. Contra : Cost of roaj
and equipment, $513,163 ; materials, etc, $4,900 ; cash and current assets, §2,732 ; profit and loss, $72,740— tola
$573,535.
Directors.— E. Decker, Casco, Wis.; E. Decker, Jr., Nathan Decker, M. C. Haney, Algoma, Wis.; Day!
Decker, Sturgeon Bay, Wis.; L. Albert Kavel, Kt-waunee, Wis.; S. W. Champion, Green Bay, Wis. OFFICEBS
E. DECKER, Pres., Casco. Wis. ; David Decker, Vicf-Pres. & Gen. Mgr., Sturgeon Bay, Wis.; E. Decker, Jr
Treas. <fc Sec., Algoma, Wis. GENERAL OFFICE, Sturgeon Bay, Wis.
ARCADIA AND BETSEY RIVER RR.— Arcadia to Copemish, Mich., 21 miles. Gauge, 4 ft. 8i in,
Rail (steel), 56 Ibs. Chartered Sept. 25, 1895 ; purchased the right of way from the Arcadia and Betsey River Trar
Ry. Co.; road opened as above Dec. 12, 1896. Locomotives, 2. Cars— passenger, 1 ; freight (flat, 40 ; box, 1). 41
—total, 42.
Operations, year ending Dec. 31, 1900.— Trains run, 26,502 miles. Passengers carried, 8,042; carried o
mile, 95,549. Toil!- freight moved, 52,033. Earnings (passenger, $2,606; freight, $12,296; other, $1,016), $15,9
Operating expenses and taxes, $15,748. Net earnings, $170.
General Balance Sheet. Dec. 31, 1901.— Capital stock paid in ($165,000 anth.; $100 shares), $140,000
unfunded debt, $13,655; profit and loss, $3,137 — total liabilities, $156,792. Contra : Cost of road and equipme
$152,258; real estate, $3,696; current assets, $838— total, $156,792.
Directors.— Not reported. OFFICERS : CHAS. J. STARKE, Pres. & Gen. Mgr.; Henry Mauntler, Vice-Pra
Adolph Basse, Sec., Treas. & Aud., Arcadia, Mich. GENERAL OFFICE, Arcadia, Mich.
ASHLAND AND WOOSTER RY.— Custaloga to Ashland. O., 25 miles. Gauge, 4 ft. 9 in. :
(steel), 60 Ibs. Chartered Jan. 21, 1897, and acquired the Millersburg. Ashland and Greenwich RR. built in
and 1895 from Custaloga to Jeromeville, O., 13.5 miles, and completed from Jeromeville to Ashland in 1899.
section from Apple Creek to West Lebanon was sold to C. A. <fc C. Ry. The road is owned in fee simple by II.
Camp, Akron, O. No bonds or indebtedness. Capital etock ($100 shares), 8100,000.
Operations, year ending June 30, 1901.— Passengers carried, 19,854. Tons freight moved, 34.537. Earnin
(passenger, $7,025 ; freight, $16,320 ; other, $1,549), $24,894. Operating expenses, $16,142. Net earnings, $8,7
applied to construction.
Directors.— H. B. Camp, H. H. Camp, L. W. Camp, T. F. Wal»h, F. N. Babb, Akron, O. OFFICERS :
B. CAMP, Pres.; L. W. Camp, Vice-Pres.; H. H. Camp, Sec. & Treas., Akron, O.; A. S. Miller, Gen. Ifg
Ashland, O. GENERAL OFFICE, Ashland, O.
AU SABLE AND NORTHWESTERN RR.—Au Sable to McKinley, Mich., 36m.; McKinley
Red Oak, Mich., 28 m.— total, 64 m.; total track (steel ; 30 to 40 Ibs.), 73 miles. Gauge, 3 ft. Chartered July
1891, as successor to the Au Sable and Northwestern Ry. Co. (See MANUAL for 1K93. page 697.) Locomotives
Cars— passenger, 2; baggage, etc., 3; freight (box, 12; stock, 19), 31; other, 243— total cars. 278.
Operations, year ending Dec. 31. 1900.— Earnings (passenger, $5,699; freight, $50,462; other, $1,710), $5
871. Operating expenses and taxes, $57,671.
General Balance Sheet, Dec. 31, 1900.— Capital stock paid in ($560,000 auth.; $100 shares), $41,500
unfunded debt, $151.679; profit and loss, $201,353— total, $394.532; representing cost of road and equipment.
Directors.— H. M. Loud, H. N. Loud, G. A. Loud, E. F. Loud. W. F. Loud. Au Sable, Mich. OFFICER
H. N. LOUD, Pres.; George A. Loud, Vice-Pres. <& Gen. Mgr.; F. C. Ebling, Sec., Treas. & And., Au Sable, Mil
GENERAL OFFICE, Au Sable, Mich.
BAY TERMINAL RR.— Rockwell Jupc. (L. S. & M. S. Ry.) to W. & L. E. Ry. June., Toledo, <
1.2 m.; total track (sieel : GO Ibs.), 2 miles. Gauge. 4 ft. 8J- in. Chartered March 29, 1895 ; road opened April
1896. Owns 1 locomotive and 300 tank cars. Capital stock ($100 shares), $95,000. No bonded debt.
Directors.— J. N. Pew, W. S. Miller, Pittsburgh, Pa.; Robert C. Pew, J. Ed. Pew, John C. McKisso
Toledo, O. OFFICERS: J. N. PEW, Pr?s., Pittsburgh, Pa.; vacancy, Vice-Pres.; W. S. Miller, Sec. & Treas
Pittsburgh, Pa.; Robert C. Pew, Gen. Mgr., Toledo, O. GENERAL OFFICE, Toledo, O.
BAYFIELD TRANSFER RY.— Bayfield to Red Cliff, Wi*., 4.52 miles. Operated under contra
Bayfleld Harlior anil Great Western 7?y., Bayfteld June, to Raspberry Kond. Wis., 6 miles. Total operated (
eluding O.i>6 m. sidings), 10.52 miles. Gauge, 4 ft. 8J in. Steel rail. Road built in 1897. This company opera
the Baytiuld Harbor and Great Western Ry., any loss or gain resulting therefrom accruing to the B. H. & G.
Ry. Co. Locomotives, 2. Oars— passenger, 1; combination, 1; freight (flat), 19: sen-ice, 3- total, 24.
Operations, year ending June 30, IflOl.r-Barnlnga (passenger, $2,539 ; freight, $4,400; other, $108), $7,04
Operating expenses, $9,057. Deficit from operation, $2,010.
General Balance Sheet, June 30, 1900 i latest rendered}.— Capital stock («100 shares), $3,000,000; fund
debt, §1.500.000 ; loans and bills payable, $104,612; current liabilities, $1,049; matured interest coupons unpa
Including coupons due July 1, I'.MIO", $259.375; other liabilities, fS6— total, $4,865,061. Contra: Cost of roao a
equipment, $3,412,772 ; stock owned, $1,324,600 ; cash and current assets, $3,562 ; profit and loss, $124,127— tote
$4,865,061.
Directors.— Georsre II. Xoyes, B. K. Miller, Jr., F. W. Dockery. Milwaukee. Wis.; J. M. Smith, Dulnt
Minn.; H. C. Hale, Barfield, Wis. OFFICERS: GKO. H. NOTES. /'/<*., .Milwaukee. Wis.: ,]. M. Smith, Vice-Pre
Duluth, Minn.; H. C. Hale, Sec., Treas. & Gen. Mgr., Bayfleld, Wis. GENERAL OFFICE, Bayfield, Wis.
BEAR LAKE AND EASTERN RR.—Pierport to Springdnle, Mich.. 16 miles. Gauge, 3 ft. Rail
(steel), 30 Ibs. Chartered Jan. 24. 1882. Succeeded the Bear Lake Tram Ry. Road opened Nov. 1, 1887. Loco-
motives, 3. Freight cars (flat), 61.
Operations, year emling Dec. 31, 1901.— Trains run (freight), 9,750. Earnings (passenger, $12 ; freight,
$9,623), $9,035. Operating expenses, $6,449. Net earnings, $3,ll>6 ; other receipts, $12— total, $3,198.
Railroad Map of Michigan and Wisconsin.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
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SAFETY COLORS SAFETY PAPERS
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RAILWAY PRINTING OF ALL DESCRIPTIONS
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Size, Pattern, Style or Device, with Steel Plate Tints.
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COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
MICHIGAN AND WISCONSIN.
SCALE OF MILES:
0 tO 20 40 BO 80 100
Railroad Map of Michigan and Wisconsin.
Twenty-Two Years of Protectio
(SEPTEMBER, 1888.)
By HENRY V. POOR.
Pp. 222. 8vo. Paper. Price, 50 cents.
PREFACE.
The financial history of the United States naturally divides
itself into three periods : The first, the Period of Construction—
the work of the Fathers ; the second the Period of the attempted
Destruction of this work ; the third, of its Restoration. The first
period, of 40 years, extends from the formation of the Govern-
ment in 1789 to the close of the administration of John Quincy
Adams in 1829 ; the second period, of 36 years, extends from the
beginning of General Jackson's administration in 1829 to the
restoration of peace in 1865 ; the third period of 22 years, extends1
to the end of 1887; for although the election of Mr. Cleveland
nominally put an end to the period of Restoration, he so far has been
unable to undo its distinctive feature — a return to the Protective
policy of the Fathers. The object of this work is to display the
Period of Restoration; hence its title, — "Twenty-Two Years of
Protection." To a proper understanding of this period, a com-
petent knowledge of the events of the two preceding periods, as
well as of the Colonial Period, is a necessary condition.
PRICE, FIFTY CENTS.
Sent to any address on receipt of the price*
Published and for sale by
H. V. & H. W. POOR,
Publishers of "Poor's Manual of Railroads,"
44 Broad Street, New York City.
Or, may be ordered through any bookseller.
POOR'S MANUAL OF RAILROADS. 417
General Balance Sheet Dec. 31, 1901.— Capital stock paid in ($100 shares), $40,823; profit and lose,
$3,198- total, $44,oai. Contra: Cost of road and equipment, $34,394 ; other assets, $9,637— total, $41,021.
Directors.— Geo. W. Hopkins, Ella 8. Hopkins, M. E. Collins, Bear Lake, Mich.; D. H. Hopkins, Dallas,
Ark. OFFICERS: GEO. W. HOI-KINS, Pres., Gen. Mgr. & And.; Ella S. Hopkins, Sec. & Treas., Bear Lake, Mich.
GENERAL OFFICE, Bear Lake, Mich.
BELLAIRE, ZANESVILLE AND CINCINNATI RY.-Bellaire to Mill Run, O., 110.75m.;
trackage, B. & O. Kit., Mill Run to Zanesville, O., 1 m.— total operated, 111.75 miles. Sidings, 6.1 miles. Gauge,
Hail (steel, 106.25 m.), 35 to 65 Ibs. Consolidation, Feb. 28, 1882, of the Belluire & S. W. and the Zanes-
ville >V S. E. Ry. Cos. Reorganized Dec. 1, 1889. The Muskingum County RR., from Wilbelm to Mill Run, 9 m.,
was purchased in 1893. A third rail is laid on 10 miles of road for standard gauge equipment. It is proposed to
change the gauge to the standard and build some additional line. Default having been made on interest due Jan.
on prior lien bonds, a receiver was appointed on July 1, 1895. Suit has been brought for the foreclosure
of the mortgage. Locomotives, 10. Cars — passenger, 10 ; baggage, etc., 6 ; freight (box, 90 ; stock, 4 ; flat, 56 ;
G7), 217 ; service, 5- total cars, 238.
Operations, year ending June 30, 1901.— Trains run (passenger, 152,920; freight, 125,550; other, 38,740),
317,210 miles. Passengers carried, 142,618 ; carried one mile, 2,769,712. Tons freight moved, 86,680 ; ton-miles,
•j.301,S66. Earnings (passenger, $72,988 ; freight, $103,967 ; other, $15,817), $192,772. Operating expenses, 8151,-
•,':in. Net earnings, $41,542. Payments: Interest on floating debt and receiver's certificates, $5,160; taxes,
. construction, 830,559— total, $37,925. Surplus, $3,017 ; surplus forward, §15,770— total, $19,387.
General Balance Sheet, JuneSO, 1901.— Capital stock paid in ($50 shares)— common, $021,850 ; preferred,
$668,300; funded debt, $1,354,000; receiver's certificates, $28,000; current liabilities, $22,075; profit and loss,
§88,589— total, $2,730,814. Contra : Cost of road and equipment, $2,690,767 ; materials, etc., $3,000 ; cash and
current assets, $37,047— total, $2,730,814.
Capital stock authorized : Common, $832,000 ; preferred, $795,910— total, $1,627,910. The preferred stock
alone has voting power until it receives dividends of 6 p. c. per annum.
Funded debt, June 30, 1901, consisted of $216,000 prior lien 6s of July 1, 1899, and $1,138,000 1st 4s of July 1,
1940. A plan of reorganization is under consideration.
Directors.— John Hoge, James Buckingham, James Herdman, James K. Geddes, Zanesville, O.; W. C.
Mooncy. S. L. Mooney, P. Schumacher, Jr., R. W. Pope, T. H. Armstrong, Woodsfield, O.; John Lemmax,
Whigville, O.; T. A. Welsh, Armstrong's Mills, O.; James F. Anderson, Hunter S. Armstrong, Bellaire, O.
OFFICERS : JAS. K. GEDDES, Rec., Vice-Pres. & Gen. Mqr., Zanesville, O.; S. L. MOONEY, Pres.; W. C. Mooney,
Treas., Woodsfield, O. GENERAL OFFICE, Zanesville, 6.
BELT RY. CO. OF CHICAGO (THE).— Auburn June, to C., M. & St. P. June., 15.9m.; branches
from Pullman June, to Irondale, 111., etc., 5.41 m.— total, 21.31 m.; 2d track (leased), 17.83 m. ; sidings (owned,
27.14 m.; leased, 27.87 m.), 55.01 m.— total track, 94.15 miles. Rail (steel), 60, 66, and 80 Ibs. Gauge, 4 ft. 8i in.
Chartered Nov. 22, 1882, and leased the Belt Division of the Chicago and Western Indiana RR. Road opened
May 1, 1883. The company owns 8 coal cars and leases the following equipment : Locomotives, 41. Cars— coal
and flat, 80 ; dump, 50 ; caboose. 20— total, 150.
Operations, year ending June 30, 1901.— Trains run (freight, 719,464 ; other, 54,968), 774,432 miles. Earn-
ings (freight, $814,116; other, $34,956), $849,072. Operating expenses, $463,030. Net earnings, $386,042. Pay-
ments : Taxes, $62,794 ; rentals (C. & W. I. RR.), $152,670; dividends, $96,000— total, $311,464. Surplus, $74,578;
surplus forward. §495,082— total, $569,660.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $1,300,000 ; current liabilities,
|143,483 ; profit and loss, $577,454— total, $1,920,937. Contra: Cost of road and equipment, $1,580,061 ; Chicago
and Western Indiana sinking fund, $85,378 ; cash and current assets, $255,498— total, $1,920,937.
Directors (elected June 4, 1901).— M. J. Carpenter, W. O.Johnson, W. H. McDoel, Chicago, 111.: Jos.
Ramsey, Jr., St. Louis, Mo.; Geo. B. Reeve, Montreal, Que. OFFICERS : B. THOMAS, Pres. & Gen. Mqr.; Edgar
A. Bancroft, Yice-Prf*. & Gen. Solicitor; M. J. Clark, Sec. <& And.; John E. Murphy, Treas., Chicago, 111.
GENERAL OFFICE, Chicago, 111.
BIG FALLS RY.— Hunting to Comet, Wis., 15 miles, of which 9 miles owned and 6 miles leased from
Wall-Spaulding Lumber Co. Gauge, 4 ft. 8i in. Chartered in Sept., 1895, and road built shortly afterwards. In
1898 an extension was built from Junction to Norske, 6 miles.
Operations, year ending June 30, 1901.— Earnings (passenger, $590; freight, $8,354), $8,944. Operating
expenses, $8,528. Net earnings, $416. Total deductions, $645. Deficit, $229.
General Balance Sheet, June 30, 1900.— Capital stock, $1,000; chattel mortgage issued July 12, 1898,
due Jan. 1-3, 1900, S7,715 ; profit and loss, $1,161— total, $9,876. Contra : Cost of equipment, $7,857 ; cash, $46;
current assets, $1,973— total, $9,876.
Directors.— James H. Wall, James A. Spaulding, Thomas R. Wall, Sophronia M. Wall, H. W. Authes,
Oshkosh, Wis. OFFICERS: JAMES H. WALL, Pres.; James A. Spaulding, Vice-Pres.; T. R. Wall, Sec. <& Treas.,
Oshkosh, Wis. GENERAL OFFICE, Oshkosh, Wis.
BOYNE CITY AND SOUTHEASTERN RR.— Boyne City to White's Head Camp, Mich., 20.12 m. ;
total track (steel ; 30 and 40 Ibs.), 33 miles. Gauge, 4 ft. 8£ in. Chartered May 3, 1893; road completed and opened
for 13.12 m., Dec. 31, 1896; extended 4 m. in Nov., 1897; and 5 m. in 1898. Principally a logging road. Locomo-
tives, 5. Cars— passenger, 1; freight (flat), 47; other, 98— total, 146.
Operations, year ending Dec. 31, 1900.— Trains run (passenger, 9,026; freight, 38,100), 47,126 miles. Pas-
sengers carried, 8.730; carried one mile, 82,222. Tons freight moved, 86,151; ton-miles, 1,464,567. Earnings (pas-
senger, $2,541; freight, $57,364; other, $690), $60,595. Operating expenses, $57,061. Net earnings, $3.534. Pay-
ments: Interest, §6 19; taxes, $1,449— total, $2,068. Surplus, $1,466; surplus forward, $74,433— total, $75,899.
General Balance Sheet, Dec. 31, 1900.— Capital stock ($384,000 auth.; $100 shares), $70,000; unfunded
debt, §51,629; profit and lo*s, $75,899— total, $197,528. Contra: Cost of road and equipment, $188,076; cash and
current assets, $9.452— total, 8197,528.
Directors.— Wm. H. White, Thos. White, Jas. A. White, Geo. White, R. V. White, L. D. Fairchild, J. M.
Harris, Boyne City, Mich. OFFICERS: WM. H. WHITE, Pres. & Gen. Mgr.; Thomas White, Vice-Pres.; Jas. A.
White, Treas.; L. D. Fairchild, Sec., Boyne City, Mich. GENERAL OFFICE, Boyne City, Mich.
BUCHANAN AND ST. JOSEPH RR.— Projected : Buchanan to Benton Harbor Mich., 25 miles.
Com /lifted : Buchanan north, 1.75 miles. Gauge, 4 ft. 8} in. Rail (steel), 65 Ibs. Chartered Oct. 12, 1894. Oper-
ated by the Michigan Central RR. Co. as a spur or branch track. Capital stock paid in ($20,000 auth. ; $100
shares), $5,000. Estimated cost of road to completion, $215,000. No further information obtainable.
Directors.— F. E. Lee, J. O. Becraft, H. H. Porter, Dowagiac, Mich.; C. W. Groves, J. G. Holmes, Frank
English, John M. Hubbell, Buchanan, Mich. : W. G. Howard, Kalamazoo, Mich. OFFICERS : FRED E. LEE, Pres. ;
J. O. Becraft, Sec. & Treas., Dowagiac, Mich.; C. W. Hotchkiss, Chief Eng., Niles, Mich. GENERAL OFFICE,
Dowagiac, Mich.
CHICAGO AND ILLINOIS SOUTHERN RR.— Junction Illinois and Michigan Canal with south
branch of Chicago River to C. & A. RR., 2,200 feet. Gauge, 4 ft. 8* in. Rail (steel), 70 Ibs. This line is used
for switching purposes by the Chicago and Alton RR. and by all other roads having cars destined for the Danville
27
418 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Elevator. Capital stock (par, $100; auth., $5,000), $500; profit and loss, $1,710— total, representing cost, etc.,
$2 210
' Directors.— John S. Hannah, William T. CarrinRton, S. B. Cadow, George M. Patch, F. C. Vincent,
Chicago, 111. OFFICERS : JOHN S. HANNAH, Pres.; William T. Carriiigton, 1st Vice-Pres. j Geo. M. Patch, Sec.;
8. B. Cadow, Treas., Chicago, 111. GENERAL OFFICE, 6 Sherman St., Chicago, 111.
CHICAGO AND KALAMAZOO TERMINAL RR.— Around Kalamazoo, Mich., 5 miles. Gau<*e,
4 ft. 8i in. Rail (steel), 56 Ibs. Chartered July 13, Ih95. This is a terminal road, and will, when completed
9 m. of main track, with 5 m. of side tracks, branches, etc., connecting with 40 Industries, such as factories, paper
mills, lumber and coal yards, etc., and with the following railroads : Michigan Central, Lake Shore and Michigan
Southern, Grand Rapids and Indiana RR., and Chicago, Kalamazoo and Saginaw Ry. Locomotive, 1. Capital
stock ($100 shares) authorized, $100,000 ; paid in, $50,000. Estimated cost of completed road, $150,000.
Directors.— H. B. Peck, H. P. Kauffer, F. B. Lay, H. C. Reed, E. S. Roos, M. H. Lane, E. J. Phelps,
Lyman M. Gates, H. B. Hoyt, Kalamazoo, Mich. OFFICERS : M. H. LANE, Prex. & Gen. Mgr.; H. B. Peck, Vice-
Pres.; F. B. Lay, Tnai., Kalamazoo, Mich. GENERAL OFFICE, Kalamazoo, Mich.
CHICAGO AND LAKE SUPERIOR RY.— Cambridge to London, Wis., 3 m.; total track (steel ;
60 Ibs.), 3.25 miles. Gauge, 4 ft. 8J in. Chartered March 16, 1897; road opened Jnly 4, 1897. Locomotive, 1. Cars
—combination, 1; freight (box), 1— total, 2.
Operations.— Information refused; for latest statement, see MANUAL for 1901. page 311.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($1,000,000 auth.; $100
shares), §18,000: funded debt (6 p. c. bonds), $36,000; interest accrued, not due, $15,614 — total, $69,614. Contra:
Cost of road and equipment, $58,419; profit and loss, $11,195— total, §69,614.
Directors. — George Dow, A. C. Amundson, Cambridge, Wis.; George Dow. Jr., Madison, Wis. ; R. Dow,
Stoughton, Wis.; Henry Herman, Charles Friend. A. E. Smith, Milwaukee, Wis. OFFICERS: GEORGE Dow,
Pres., Cambridge, Wis.; A. E. Smith, Vice-Pres., Milwaukee, Wis.; R. Dow, Treas., Stonghton, Wis.; Charles
Friend, Sec.; Henry Herman, Gen. Mgr., Milwaukee, Wis. GENERAL OFFICE, Milwaukee, Wis.
CHICAGO AND SOUTH BEND RR.— At South Bend, Ind., 0.91 mile. Rail (steel), 60 Ibs.
Gauge, 4 ft. 8i in. Chartered and road opened Feb. 1, 1892. Locomotive, 1. Cars— freight (box, 46 ; flat, 7), 53,
This company refuses all information. Capital stock ($100 shares), $50,000. Cost of property to June 30, 1897,
$82,026.
Directors.— Clem Studebaker, J. M. Studebaker, F. S. Fish, C. A. Carlisle, South Bend, Ind. ; W. R. Innis,
New York, N. Y.; W. F. Studebaker, Chicago. 111. OFFICERS : CLEM STTDEBAKER, Pres.; J. M. Studebaker,
1st Vice-Pres., South Bend, Ind.; W. R. Inms, 2d Vice-Pres., New York, N. Y.; Clem Studebaker, Jr., Treas.;
C. A. Carlisle, Sec.; G. M. Sherman, Gen. Mgr. <t Asst. Treas., South Bend, Ind. GENERAL OFFICE, South
Bend, Ind
CHICAGO AND SOUTHEASTERN RY.— Muncie, Ind., to Brazil, Ind , 127.5 m.; total track,
137.5 miles. Sidings, 10 miles. Gauge, 4 ft. 8J in. Rail (steel, 72 m.), 56 and 60 Ibs. Organized in 1891 as suc-
cessor to the Midland Ry. Co., and took possession Feb. 1, 1892. The tracks of the " Vandalia " are used from
Brown's Valley to Sand Creek. 12 miles. Extension from Anderson to Mnncie, Ind., 20 m., was opened in 1899.
An extension from Waveland June, to Urbana, 111., 50 m., is projected. Locomotives, 11. Cars — passenger, 10 ;
combination, 2; freight (box, 10; coal, 200), 210; service, 4— total cars, 226.
Operations, etc. — All information refused.
Financial Statement. — Capital stock authorized, $20,000 per mile; amount outstanding not reported.
Funded debt : 1st mtge. Midland of Ind. Ry. 5 p. c. 30-yr. $1,000 bonds, due Jan. 1, 1917, interest Jan. and July,
$375,000 ; consol. mtge. 5 p. c. 30-yr. gold bonds, dated Oct. 1, 1921 ; authorized, $20,000 p. m.: outstanding— not
reported. A sufficient amount of the consols is reserved to take up the Midland Ry. Ists. Trustee : Central Trust
Co., New York, N. Y. Interest due July 1, 1894, on Mid. Ind. Ists was paid in Dec., 1894; interest due Jan.,
1895, was not paid when due.
Directors.— -Not reported. OFFICERS : HENRY CRAWFORD, Pres.: Henry Crawford, Jr., Vice-Pres. <t
Gen. Mgr., Chicago, 111.; W. S. Parkhurst, Avd., Anderson, Ind. GENERAL OFFICE, Muncie, Ind.
CHICAGO AND W ABASH VALLEY RR.-Kersey to McCoysbnrg, Ind., 23 m.; Giffordto As-
phaltum, Ind., 4 m.— total, 27 miles. Rail (steel), 56 Ibs. Gauge, 4 ft. 8± in. Locomotives, 2. Cars— passenger,
1 ; freight (box, 7 ; flat, 9), 16 ; tank, 2— total, 19. Chartered Sept. 10, 1898 ; road from Zadoc to Comer. 10 m.,
built in 1898 ; 15 m. additional built in 1900 ; completed as above in 1901. Connection is made at Zadoc with the
Chicago and Eastern Illinois RR. The road is intended to serve only an immediate local agricultural purpose
and to ultimately become a section of a line to be built from Chicago to La Fayette. Capital stock ($100 shares),
$100,000. No bonded debt. This road is under construction and the operations are included in construction
account.
Directors.— Benj. J. Gifford, James E. Jones, H. M. Stone, Charles D. Henry, W. C. Snyder, Kankakee,
111. (two vacancies). OFFICERS : BENJ. J. GIFFORD, Pres.; James E. Jones, Sec. & Treas., Kankakee, 111.
GENERAL OFFICE, Kankakee, 111.
CHICAGO, INDIANA AND EASTERN RY.— Projected : Converse to Richmond, Ind.. 83 miles.
Completed up to March 1, 1902: Converse to Muncie, Ind., 43 miles. Gauge, 4ft. 8j in. Rail (steel), 60 Ibs.
Chartered March 8, 1893 ; road opened to Muncie, Dec. 28, 1900. Under construction from Muncie to Richmond.
Locomotives, 7. Cars— passenger, 5 ; baggage, etc., 3 ; freight, 25 ; caboose, 2— total, 35.
Financial Statement, July 1, 1902.— Capital stock paid in (anth., $15,000 per mile of single track: par,
$50), $645,000. Funded debt outstanding, $500,000 ($1,000.000 anth.) 1st gold 5s of May 1. 1942. subject to call for
sinking fund at 115 p. c. and accrued interest. The rest of the bonds are held by the trustee to be issued only
for new road. Estimated cost of road to completion, $1,645,000.
Directors.— Paul Brown, LI. E. Drew, W.S.Whitney, John H. Miller, William G.Adams, Chicago, III.
OFFICERS: PAUL BROWN, Pres. ; W. G. Adams, Vice-Pres.; John H. Miller, Sec. & Treas.; H.E.Drew, Gen. Mgr.,
Chicago, 111. GENERAL OFFICE, Matthews, Ind.
CHICAGO, KALAMAZOO AND SAGINAW RY.— Pavilion, Mich., to Woodbury, Mich.,
55.30 m. ; sidings, etc., 9. IE miles. Gauge, 4 ft. 8i in. Rail (steel). 56 and 60 Ibs. Chartered Dec. 10. 1887; road
opened Kalamazoo to Woodbury, Sept. 1, 1889. Extension to Pavilion opened Dec. 1, 1901. Projected to Sagi-
naw, 125 m. from Kalamazoo. Locomotives, 5. Cars— passenger, 3; baggage, etc., 3 ; freight (.box, 12 ; flat, 10),
22 ; service, 18— total cars, 46.
Operations, year ending Dec. 31, 1901.— Trains run (passenger. 56,520; mixed. 33.430\ 89,950 miles. Pas-
and equipment, ....
General Balance Sheet, Dec. 31, 1901.— Capital stock, common {$2,000,000 anth.; $100 shares'), $675,000;
preferred ($450,000 auth; $100 shares), $271,000 ; current accounts, $98,336; taxes accrued, $2,121; profit and losa.
POOR'S MANUAL OF RAILROADS. 419
§53 165— total, $1,099,622. Contra : Cost of road and equipment, $1,080,840; materials, $1,363; bills receivable,
§650; current accounts, $12,563; cash, $4,200— total, $1,099,622.
On Dec. 1, l.S',15, the company executed a mortgage to the Union Trust Co., Detroit, Mich., as trustee, to
in issue of $22r>,()00 1st uitge. fi p. c. 5-yr. $1,000 gold bonds, due Dec. 1, 1900. All of the bonds are in
.isury of the company, none of them having been Bold and it is intended to have the bonds cancelled, and
the nioitiraire discharged at an early date.
Directors.— E. Wood bury, James H. Dewing, II. P. Badger, B. A. Bush, W. 8. Dewing, Charles A. Dewing,
Kalamazoo, Mich.; Alfred E. Watson, Hartford, vt. OFFICERS: E. WOODBURT, Pros.; James H. Dewing, Vice-
Gen. Afgr.; H. C. Potter, Sec. & Treas., Kalamazoo, Mich. GENERAL OFFICE, Kalamazoo, Mich.
CHICAGO UNION TRANSFER RY. CO.— Yard tracks, 100 miles. Rail (steel), 75 Ibe. Char-
tered Oct. 31, 1888. The company also owns 1,246.5 acres of land. This property is operated by the Chicago
Transfer and Clearing Co. (incorporated) of 355 Dearborn St., Chicago, 111. Capital stock ($1,000,000 preferred,
§1,000,000 common ; $100 shares), $2,000,000.
Directors (elected Oct. 1, 1901).— E. W. Winter, A. B. Stickney, St. Paul, Minn.; E. P. Ripley, Riverside,
111.; W. H. Lyf'ord, Ralph Isham, A. J. Earling, C. W. Hillard, J. T. Harahan, H. H. Porter, Jr., Chicago, III.;
H. H. Porter. New York, N. Y.; M. J. Carpenter, La Grange, 111. OFFICERS : H. H. PORTER, JR., Pres.; M. J.
Carpenter, lice Pres.; Ralph Isham, Sec.; C. W. Hillard, Treas., Chicago, 111. GENERAL. OFFICE, 355 Dearborn
St., Chicago, 111.
CHIPPEWA RIVER AND MENOMINEE RY.-Apollonia at "Soo Ry.," Sec. 1, Town 34,
: Range 8 W. to N. W. £ Sec. 7, Town 37, Range 8 W., 25 m.; branch, Main Line at S. E. i of Sec. 9, Town 37,
i Range 8 W. to Chippewa River at N. E. i of Sec. 15, Town 37, Range 7 W., 8 m.— total, 33 m. ; total track
I (steel ; 50 Ibs.), 38.50 miles. Gauge, 4 ft. 8i in. Chartered Oct. 1, 1883 ; opened Nov., 1883, and abandoned May,
' 1888: reopened in Nov., 1888. The Kegama Branch has been abandoned. Locomotives, 4. Cars— combination,
1; freight (logging, 74 ; flat, 2), 76; caboose, 2 ; other, 2— total, 81.
Operations, year ending June 30, 1901.— Trains run (mixed), 38,900; other, 6,100), 45,000 miles. Passengers
carried, 1,006 ; carried one mile, 20,120. Tons freight moved, 136,150 ; ton-miles, 2,723,000 Earnings (passenger,
f604; freight, $41, 114). $41,718. Operating expenses, 146,714; taxes, $1«5— total, $46,879. Deficit, $5,161. Receipts
from logging, saw-mill and lumbering operations (balance), $36,368. Surplus, $31,207 ; surplus forward, $245,459
—total, $276,666.
General Balance Sheet, June 30, 1901.— Current liabilities, $36,572; profit and loss, $276,666— total,
$818,238. Contra : Cost of road and equipment, $284,562 ; current accounts, $28,676— total, $313,238.
Directors.— F. Weyerhaeuser, St. Paul, Minn. ; O. H. Ingram, W. A. Rust, Eau Claire, Wis. ; William
Irvine, Chippewa Falls, Wis. ; M. G. Norton, Wiuona, Minn. OFFICERS : F. WEYERHAEUSER, Pres., St. Paul,
Minn.; O. H. Ingram, Vice- Pres., Eau Claire, Wis.; M. G. Norton, Treas., Winona, Minn.; Wm. Irvine, Sec.
& Gen. Mgr., Chippewa Falls, Wis. GENERAL OFFICE, Chippewa Falls, Wis.
CHIPPEWA VALLEY AND NORTHERN RR.-Prpjected : Bruce to Hayward, Wis., 50 miles.
Completed up to April 1, 1901 : Bruce to and beyond Becky, Wis., 9 miles.
Financial Statement, April 1, 1901.— Capital stock paid in ($150.000 auth.; $100 shares), $58,500 ; other
liabilities, $3,962— total, representing cost of property, $62,462. Estimated cost of road to completion, $500.000.
Directors.— D. J. Arpin, E. P. Arpin, Grand Rapids, Wis.; J. Z. Arpin, Arpin, Wis.; A. M. Arpin, W. R.
McMillan, Bruce, Wis. OFFICERS: D. J. ARPIN, Prec., Grand Rapids, Wis.; A. M. Arpin, Vice-Pres. & Supt.,
Bruce, Wis. ; E. P. Arpin, Sec. & Treas., Grand Rapids, Wis. GENERAL OFFICE, Grand Rapids, Wis.
CINCINNATI AND WESTWOOD RR.— Cincinnati (Brighton) to Glenmore, O., 5.63 m. ; total
track (steel ; 60 Ibs.), 6.(i3 miles. Gauge, 4 ft. 81 in. Successor, after foreclosure sale, May 30, 1887, to a company
of the same name. (See MANUAL for 1894, page 134.) Locomotive,!. Cars (freight flat), 6.
Operations, year ending June 30, 1901 .—Earnings (freight, ?3,280. Operating expenses, $6,256. Lesson
operation, $2,970. Deductions : Interest on bonds accrued, $6,000 ; taxes, $1,167 ; rentals, $1,597— total, $8,764.
Deficit, $11,740 ; deficit forward, $107,715— total, $119,455.
General Balance Sheet, June 30, 1901 .—Capital stock paid in ($200,000 anth. ; $50 shares), $195,000;
funded debt (1st 6s of Aug. 1, 1916), $100,000 ; bills payable, $61.420 ; interest accrued, $53,940 ; other liabilities,
$2,788— total, $413,148. Contra: Cost of road and < quipment, $230,345; real estate, $8,250; coupons of 1876
bonds (exchanged for stock), $55,000 ; cash on band. $98; profit and loss, $119,455— total, $413,148.
Directors.— J. N. Gamble, A. D. Shockley, J. W. Brown, D. B. Gamble, Alex. Procter, A. K.Nippert, Cin-
cinnati, O.; N. G. Hildreth, Westwood, O. OFFICERS: J. N. GAMBLE, Pres., Gen. Mgr. <$• Pi/reh. Agt. ; A. K.
Nippert, Vice-Pres. ; A. D. Shockley, Treas., Cincinnati, O.; N. G. Hildreth, Sec. & And., Westwood, O. GENERAL
OFFICE, Union Trust Building, Cincinnati, O.
CINCINNATI, GEORGETOWN AND PORTSMOUTH RR.— Cincinnati to Georgetown. O.,
42 miles. Leased: Cincinnati Water \\orks KR., California June, to California, O., 1 mile. Sidings, 3 miles.
Gauges, 3 ft. and (3 m.) 4 ft. 8* in. Rail— iron, 40 ; steel (26 m.), 60 Ibs. Organized March 21, 1881, as successor
to the Cincinnati and Portsmouth RR. Co., whose property was sold t judicial sale, Sept. II, 1880. (See MANUAL
for 1890, page 197.) Locomotives, 5. Cars— passenger, 11 ; baggage, etc., 1; freight (box, 21; stock, 10; flat,
17 ; coal, 23), 71 -total, 83. (See Department of City and Suburban Tramways— State of Ohio.)
Operations, year ending June 30, 1901.— Passengers carried, 217,933. Tons freight moved, 29,653 ; ton-
miles, 587.749. Earnings (passenger, $58,553 ; freight, $26,028 ; other, $753), $85,334. Operating expenses and
taxes, $69.508. Net earnings, $17,826. Payments : Interest on bonds, $10,080 ; other charges, $7,778— total,
$17,858. Deficit, $32.
General Balance Sheet, June 30, 1901.— Capital stock— common paid in ($500,000 auth . ; $50 shares),
$400,000; preferred ($100 shares), $125,000: funded debt, (1st 4s of Jan. 1, 1950), $252,000 ; current liabilities,
1,657 ; interest accrued, $5,420 ; other liabilities, $25,642— total, $809,719. Contra : Cost of road and equipment,
$777,000 : materials, etc. $2,840 ; cash and other assets, $28,544 ; profit and loss, $1,325— total, $809,719.
Directors (elected Oct., 1901).— A. W. Comstock, W. B. Comsrock, H. A. Haigh, Detroit, Mich. ; C. C.
Tennis, Pittsburgh, Pa. ; R. E. Field, W. R. Todd, Joseph S. Trevor, Judson Harmon, Samuel Tappin, N. S.
Keith, F. F. Dinsmore, Cincinnati, O. OFFICERS: A. W. COMSTOCK, Prts.; W. R. Todd, Vice-Pres.; R. E.
Field, Sec., & Treas.; E. W. White, Gen. Mgr., Cincinnati, O. GENERAL OFFICE, Cincinnati, O.
CINCINNATI, RICHMOND AND MUNCIE RR.-Cottage Grove to North Judson, Ind., 168.4
liles. Gauge. 4ft. 8^ in. Rail (steel), 70 Ibs. Chartered in March, 1900 ; road opened throughout on May 18,
•102. Extensions are now (July 1, 1902) being constructed from North Judson, Ind., to Chicago, 111., and from
Cottage Grove, Ind., to Cincinnati, O. Both are expected to be completed in 1902. Locomotives, 35. Cars—
passenger, 25; freight, 375; other, 7— total, 407.
Financial Statement. Jan. 1, 1902.— Capital stock paid in ($15,000 per mile auth.; $100 shares), $2,526,000;
funded debt (1st gold 5s of Oct. 1, 1950), $1,680,000— total, $4,206,000. Authorized issue of bonds, $10,000 per
mile. The company reserves the right to redeem any or all of the bonds at 110 p c. and accrued interest, on any
interest day after Oct. 1, 1910.
Directors.— W. A. Bradford, Jr., R. N. Allen, Boston, Mass.; H. A. Christy, Sanger Brown, Chicago, 111.;
420 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
J. A. 8. Graves, Richmond, Ind. OFFICERS: W. A. BRADFORD, JK., Pres.; H. A. Christy, Vice-Pres.; R. N. Allen
Sec. <t Treat.; W. I. Allen, Gen.Afgr.;J.F. Shepherd, And., Richmond, Ind. GENERAL OFFICE, Richmond, Ind
COLUMBUS, LIMA AND MILWAUKEE RY.-Lima to Defiance, O., 40 miles. Road com
pleted as above in Dec., 1899. Projected from Defiance, O., to Saugatuck, Mich., on the Lake, 135 miles, anc
from Lima to Columbus, O., 90 miles. Grading partly completed on the line north of Defiance. Receive]
appointed on Dec. 1, 1899. Capital stock authorized ($100 shares), $1,000,000. Funded debt (1st 5s of May, 1929)
$545.000. Bonds arc authorized at the rate of $30,000 per mile, but not to exceed $7,500,000. OFFICERS
H. G. BAKER, nee.; John W. Lutz, Aud., Cleveland, O.; C. T. Hobart, Supt. & Chief Eng., Kalida, O.
COLUMBUS, WELLSTON AND SOUTHERN RR.— South Bloomingville to Lancaster June.,!
O., 34 miles. Gauge, 4 ft. 8^ in. Rail (steel), 65 Ibs. Chartered Jan. 31, 1899, as successor to the Columbus, Lan-
caster and Wellston Ry. Co., whose property was sold atU. S. Court sale on Oct. 1, 1898. (See MANUAL for 1806,
page 130.) Projected from Columbus to Wellston, O., about 100 mile* ; under construction from South Bloom-
fngville to Wellston. Capital stock authorized ($100 shares), $2,000,000. Funded debt authorized, $2,000,000.
OFFICERS : JOHN G. REEVES, Pres. & Gen. Mgr.; B. Dura, Sec.; A. B. Keifaber, Treas., Lancaster, O. GEN-
ERAL OFFICE, Lancaster, O.
COPPER RANGE RR.— Houghton to Mass City, Mich., 40.9 m.; Painesdale Jet. to Painesdale, 4.S
m.— total, 45.2 miles. Rail (steel), 75 Ibs. Gauge, 4 ft. 8J in. Chartered Jan. 22, 18U9 ; road opened Dec. 27, 1899;
Painesdale Jet. to Painesdale, Jan. 6, 1901. Locomotives, 7. Cars— passenger, 6 ; baggage, etc., 2 ; freight (box,
19 ; flat, 100 ; rock, 3), 122 ; service, 2— total, 132.
Operations, year ending June 30, 1901.— Trains run (passenger, 26,617 ; mixed, 25,521), 52,138 miles. Pas-
sengers carried, 53,511 : carried one mile, 796,481. Tons freight moved, 74.952; ton-miles. 1,145,285. Earnings
(passenger, £29,464; freight, $62,358; other, $3,644), $'.15,466. Operating expenses, $81,759. Net earnings, $13.707.
Q-eneral Balance Sheet, June 30, 1901. —Capital stock ($5,000,000 anth. ; $100 shares), gl,67l ,2*iO : funded
debt (1st 5s of Oct. 1, 1949 ; $5,000,000 auth.), $1,020,000 ; current liabilities, $367,OTS : intcrt-st accrued. $12,750—
total, $3,071,628. Contra: Cost of road and equipment, $2,812,013; investments, $lll,'.i30; materials, etc.,
$57,431; bills receivable, $3,958 ; cash and current assets, $24,652 : profit and loss, $31,641— total, $3,071,628.
Directors.— William A. Paine, Frederic Stanwood, Boston, Mass.; James H. Seager, Thos. B. Dunstan,
Hancock, Mich.; Rufus R. Goodell, John H. Rice, Houghton, Mich.; Samuel L. Smith, Cameron Currie, Detroit,
Mich. : Frank McM. Stanton, Atlantic Mine, Mich. OFFICERS : WILLIAM A. PAINE, Pres.. Boston, Mass.; J. H.
Rice, Vice-Pres., Houghton, Mich.; Frederic Stanwood, Sec. A Treas.. Boston, Mass.; R. T. McKeever, Gen.
Mgr., Houghton, Mich. GENERAL OFFICE, 27 State St., Boston, Mass.
COSHOCTON RR.-Projected : Adams Mills to Mine, 3 m.; Conesville to Mine, 4m.; W. & L. E. RR.
to Mine, 2 m.— total, 9 miles. Completed up to Nov. 30, 1901: W. & L. E. RR. to Mine, 2 miles. Gauge, 4 ft.
8Jin. Rail (steel), 60 Ibs. Chartered May 5, 1900. Locomotive,!. Cars— passenger, 3 ; other, 2. Capital stock,
$10,000. Cost of road and equipment, Nov. 30, 1901, $98,000.
Directors.— J. M. Drake, J. W. Warwick, A. D. Hillyar, T. F. Hayes, C. L. Cassingham, Cleveland, O.
OFFICERS: J. M. DRAKE, Pres.; A. D. Hillyar, Yice-Pres.; J. W. Warwick, Treas.; T. F. Hayes, Sec.; C. L.
Cassingham, Gen. Mgr., Cleveland, O. GENERAL OFFICE, Coshocton, O.
CRAWFORD AND MANISTEE RIVER RY.-Manistee River, Mich., to Forest terminus, 10
m. ; total track (steel ; 25 and 30 Ibs.), 13 miles. Gauge, 3 ft. Chartered Sept. 28, 1885 ; road opened Oct. 11, 1885.
Locomotive, 1. Cars— freight (logging), 41 ; other, 2— total, 43.
Operations, year ending Dec. 31, 1901.— Trains run (freight), 6,869 miles. Tons freight moved. 37,906 ;
ton-miles, 3i9,660. Earnings (freight), $5,901. Operating expenses, $5,807. Net earnings, $94. Surplus for-
ward, $7,091— total, $7,185.
General Balance Sheet, Dec. 31, 1901.— Capital stock ($100 shares), $50,000; profit and loss, $7,185—
total, §57,185. Contra : Cost of road, $45,567 ; equipment, $11,618— total, $57,185.
Directors (elected Dec. 1, 1901).— James Dempsey. L. T.Dempsey, William Wente, A lien McKee, Manistee,
Mich.; Antoine E. Cartier, Ludinsrton, Mich. OFFICERS: ANTOINEE. CARTIER, Pres., Ludington, Mich.; James
Dempsey, Vice-Pres.j William Wente, Sec.; Lawrence T. Dempsey, Treas., Manistee, Mich.: N. Dowen, Gen.
Supt., Dowen, Mich. GENERAL OFFICE, Manistee, Mich.
DAYTON, LEBANON AND CINCINNATI RR. -Lebanon June, to Lebanon, O.. 23* m.;
sidings, 0.5 mile. Rail (steel, 23 m.), 60 Ibs. Gauge, 4 ft. 8i in. Chartered Jan. 29, 1899 ; road opened Jan. 1,
1893. Locomotive, 1. Cars— passenger, 1 ; flat, 35.
Operations, year ending June 30, 1901.— Trains run (mixed), 28.796 miles. Passengers carried, 7,050;
carried one mile, 133,900. Tons freight moved, 62,120; ton-miles, 836,300. Earnings (passenger, $3.060; freight,
$14,901; other, $643), $19,204. Operating expenses, $20,365 ; taxes, $545— total, $20,910. Deficit, $1,706 ; deficit
forward, $17,574— total, $19,280.
General Balance Sheet, Jnne 30, 1901.— Capital stock ($500,000 auth.; $100 shares). $-379.5(10; current
liabilities, 892,060— total, $371,566. Contra: Cost of road and equipment, $349,522; current assets, $2,764 ; profit
and loss, $19,280- total, $371,566.
New Stock and Bonds Issued.— After June 30, 1901 the capital stock was increased to $2,000,000, all
of which has been paid in, and there were issued $1,000.000 ($2,000,000 auth.) 1st mtge. 5 p. c. 20-yr. gold
bonds, due Sept. 1, 1921, but subject to redemption (and cancellation) at 110 p. c. and accrued interest at any time
after Sept. 1, 1906. There is provision for a sinking fund of 5 p. c of gross earnings in the years 1907 to 1919,
inclusive, to be invested in the bonds at the price of 110 p. c. and accrued interest, bonds to be drawn it' not
obtainable in the open market, and to be held alive in the sinking fund, but stamped " not negotiable. " The
proceeds of the additional stock and of the new bonds are to be used in extending the road to Dayton and to
Cincinnati and equipping it for operation by electricity as well as steam as a motive power.
Directors.— J. S. Harshman, J. G. Webb, J. B. Williams, F. J. Green, Springfield. O.: A. E. Appleyard,
H. D. Montgomery, Boston, Mass.; Frank Brandon, Lebanon, O.; C. A. Alderman, Columbus, O. OFFICERS :
J. S. HARSHMAN, Pres.; F. J. Green, Wce-Pres. & Gen. Mgr.; John G.Webb, Treas., Springfield, O.; Frank
Brandon, Sec., Lebanon, O. GENERAL OFFICE, Springfield, b.
DEAD RIVER RR.— Length of line (in Mich.), 2.98 m. ; total track, 3.15 miles. Gauge, 4 ft. 8f In.
Chartered, Nov. 11. 1889; road opened, Aug. 11, 1890. Operated by the Dvluth, South Shore and Atlantic Ry. Co.
under contract with R. K. Hawley and T. H. McGraw, wherein the D., S. S. & A. Ry. Co. agrees to haul certain
logs belonging to Hawley and McGraw for a stated price per 1,000. Capital stock paid in ($25.000 auth. ; $100
shares ; 5 p. c. on 200 shares), $1,000. Cost of construction, $52,011.
Directors.— L. Dean Holden, J. M. Diver, Cleveland, O.; E. C. Barie. L. B. Bieder, M. G. Fox, Marquette,
Mich. OFFICKRS : L. DEAN HOLDKX, I'r?*,; J. M. Diver, Vice-Pres., Cleveland, O.; E. C. Barie, Treas. & Sec.,
Marquette, Mich. GENERAL OFFICE, Marqnette, Mich.
DE PUE, LADD AND EASTERN RR.— Seatonville to Ladd, 111., 3.5 miles. Gauge, 4 ft. 8* in.
Rail (steel), 70 Ibs. Chartered July 18, 1888. Operated by the C., B. & Q. RR. Co. as a switch to the coal mines
of the Chicago, Wilmington and Vermilion Coal Co. at Seatonville, 111. Capital stock (.$100 shares), $30,000. No
bonds outstanding.
gro
leni
POOR'S MANUAL OF RAILROADS. 421
Directors.— Albert L. Sweet, Thomas A. Lemmon, Chicago, 111. ; W. S. Cherry, Streator, 111. ; T.B.Corey,
Sentflc, Wash. One vacancy. OFFICERS : ALBERT L. SWEET, Pres., Chicago, 111.; W. 8. Cherry, Vice-Pres.,
Streator, 111. ; Thomas A. Lemmon, Sec. & Treas., Chicago, 111. GENERAL OFFICE, Chicago, 111.
DETROIT AND CHARLEVOIX RE,.- Frederick to South Ann, Mich. ,42m. ; Blue Lake June.
to Diue I, iikc. Mich., 8 in.— total, 50 m. ; total track (steel ; 60 Ibs.), 55 miles. Gauge, 4 ft. 8j in. Locomotives, 3.
iiascenirer, 2 : freight, (flat, 29 ; logging, 25), 54 — total, 50. Chartered Jan. 4, 1001 : road opened Sept. 2,
1(101. Capital slock ($525.000 auth. ; $100 shares), $403.600. OFFICERS : WILLIS C. WARD, Pres., Orchard Lake,
Midi. ; F. B. Ward, \'i,-?-Prfs., Bay City, Mich. ; George K. Root, Sec. ; Clark Haire, Gen. Mgr., Deward, Mich.
i, OFFICE, Deward, Mich.
DETROIT UNION RR. DEPOT AND STATION CO. (THE).— Organized to supply station
and depot accommodations at Detroit to railroads requiring them. The company's property consists of station
{rounds, about 40 acres, in the city of Detroit, and a railroad through the suburbs of the city about 3.33 miles in
ength. Terminal facilities are leased in perpetuity to the Wabash RR. Co. and the Pere Marquette RR. Co.
Operations, year ending Dec. 31, 1901.— Gross income, $119,428. Expenses, $20,028. Net income, $99,400.
Deductions : Appropriation for contingent fund, $5,000 ; dividends (4 p. c.), $90,000— total, $95,000. Balance to
credit of profit and loss. $4.400 ; balance forward (amount at credit Jan. 1, 1901, $40,702 ; less construction items
paid Iroin earnings during the year and transferred to surplus account, $2,861), $37,841— total at credit, Dec. 31,
1901, $42,241. The balance in surplus on Jan. 1, 1901, was $116,808; add construction items paid from earnings
during the year mid transferred to surplus account, $2.861— total surplus, $119,669.
General Balance Sheet, Dec. 31, 1901. —Capital stock paid in ($2,500,000 auth.; $100 shares), $2,250,000;
surplus, si]!i,(i(i9 ; accounts payable, $715; contingent liabilities, $5,000; profit and loss, $42,241— total, $2,-
417,625. Contra : Construction, $2,369,669 ; bills receivable, $23,000; accounts receivable, $125 ; cash, $24,831—
total, M,417,625.
Directors.— James McMillan, Allan Shelden, James Joy, Wm. C. McMillan, Richard P. Joy, Truman H«
Newberry, Theodore D. Buhl, Henry B. Joy. OFFICERS": HENRY B. JOY, Pres. & Treas.; James Joy, Vice-
Pres.; James G. Miller, Sec., Detroit, Mich. GENERAL OFFICE, Newberry Building, Detroit, Mich.
DRUMMOND AND SOUTHWESTERN RY.— Drummond, Wis., to Sec. 9, Town 44, Range 8
W., 9.25 m. ; Sec. 11, Town 44 to Sec. 26, Town 43, Range 8 W., 9.22 m. ; Sec. 32-45-7 to Sec. 35-45-8, 3.25 m.— total,
21.72m.; total track (steel ; 56 Ibs.), 31.72 miles. Gauge, 4ft. 8J in. Chartered Aug. 3, 1891 ; opened as above,
Dec., 1897. Locomotives, 3. Cars (flat, 3 ; lodging, 75 ; caboose, 1), 79.
Operations, year ending June 30, 1901. — Tons freight moved, 45,994 ; ton-miles, 459,940. Earnings (freight),
814.427. Operating expenses, 114,136. Net earnings, $291. Paid interest on bonds, $3,000. Deficit, $2,709 ;
deficit forward, $172— total, $2,881.
G-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $10,000 ; funded debt (1st 6s of Nov.
2, 1921), $50,000; current liabilities, $111,292— total, $171,292. Contra: Cost of road and equipment, $168,377;
materials, etc., $33 : profit and loss, $2,882— total, $171,292.
Directors.— F. W. Gilchrist. Alpena, Mich.; John S. Owen, A. J. Rust, W. A. Rust, Eau Claire, Wis.;
Frank H. Drummond, Drummond, Wis. OFFICERS : FRANK W. GILCHRIST, Pres., Alpena, Mich.; A. J. Rust,
Vic?-Prf*., Eau Claire, Wis.; Frank H. Drummond, Sec. & Treas., Drummond, Wis. GENERAL OFFICE, Drum-
mond, Wis.
DUNBAR AND WAUSAUKEE RY.— Girard June, to a point 4 miles northwest of Dunbar, Wis.,
17.5 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Organized March 13, 1882; road built in 1894. A logging road
owned by the Girnrd Lumber Co. Locomotives, 3. Cars — passenger, 1 ; freight (flat), 20 ; other, 70 — total, 91.
The company has no indebtedness. Cost of road to June 30, 1901, $96,705.
Operations, yar ending June 30, 1901.— Earnings (passenger, $983; freight, $26,417), $27,400. Operating
expenses, $5,747. Net earnings, $21,053.
Directors.— W. C. Culbertson, Girard, Pa.; J. W Wells, J. A. Culbertson, Menominee, Mich. OFFICERS :
W. C. CULBERTSON, Pres., Girard, Pa.; J. W. Wells, Vice-Pres.; J. A. Culbertson, Sec. & Treas., Menominee,
Mich.; W. R. Godshall, Aud.; J. L. Wells Gen. Supt. Dunbar, Wis. GENERAL OFFICE, Menominee, Mich.
EAST ST. LOUIS CONNECTING RY.— Trendly Ave. to Winters Ave., East St. Louis, 111., 1.15
m. ; sidings, etc., 32.45 miles. Gauge, 4 ft. 8i in. Rail (steel, 31.85 m.), 50 to 70 Ibs. Chartered Dec. 26, 1877 ;
opened Oct. 28, 1879. The company uses 0.06 m. of the track of the Toledo, fet. Louis and Western RR., at
Bridge Junction, East St. Louis. Locomotives, 10. Service cars, 2.
Operations, year ending June 30, 1901. — Earnings (switching), $286,425. Operating expenses, $187,792.
Net earnings, $98,688. Payments : Interest on debt, $14,932 ; taxes, $21,390 ; rental for right of way, $24,975 ;
other charges, $6— total, $61,303. Surplus, $37,330 ; surplus forward, $123,125— total, $100,455.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $20,000 ; current liabilities, $285,-
947 ; profit and loss, §100.455— total, $466,402, representing cost of road and equipment.
Directors (elected Nov. 12, 1901).— John Scullin, A. C. Church, Geo. L. Sands, St. Louis, Mo. ; Henry Sack-
man, Robert Cunningham, H. W. Cox, East St. Louis, 111. ; C. W. Thomas, Belleville, 111. OFFICERS : GEORGE
L. SANDS, Pres. & Mgr. ; Philip C. Scanlan, Vice-Pres. & Treas., St. Louis, Mo. ; H. W. Cox, Sec., East St. Louis,
111. ; C. L. Leslie, Aud., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.
ELTWOOD, ANDERSON AND LAPEL RR.— Projected: Elwood to Anderson, Ind., 16 miles.
Completed : At Elwood, 3.5 miles. Steel rails. Gauge, 4 ft. 8£ in. Chartered Jan. 12, 1898. A switching road,
connecting the works of the American Tin Plate Co., at Elwood, Ind., with other railroads. Owns 2 locomotives
and 1 flat freight car. Capital stock, authorized and_paid in, $50,000. Cost of road, $80.406.
Directors.— D. G. Reid, L. H. Landon, John F. Hazen, W. M. Leeds, W. B. Leeds, H. M. Davis, New York,
N. Y.; C. W. Bennett, Elwood, Ind. OFFICERS: L. H. LANDON, Pres.; W. M. Leeds, Sec., New York, N. Y.; D.
B. Edmonds, Oen. Agt.; Q. W. Bennett, Chief Enq., Elwood, Ind. GENERAL OFFICE, Battery Park Building,
New York, N. Y.
ESCANABA AND LAKE SUPERIOR RR.— Wells, Mich., to Channing, Mich., 63.05m.; White
to Camp 31,5.41m.; Northland to Kates, 12.05 m.— total, 80.51m.; total track (steel ; 40, 50, and 60 Ibs.), 90.95
miles. Gauge, 4 ft. 8J in. Chartered as E. & L. S. Ry. Co., Nov. 17, 1898 : road from Escanaba to Watson, and
10 miles of branches, in all 41 miles, opened Jan. 1, 1900 ; extension from Watson to Channinp, and about 7 miles
of branch line, completed in November, 1900. Reorganized under present title in March, 1901. Connection is
made at Channing with the Chicago, Milwaukee and St. Paul Ry., and a contract has been made under which the
C., M. & St. P. Ry. Co. has the rignt for twenty years to use this line from Channing to Escanuba. Locomotives,
6. Cars -passenger, 3; freight and other, 170— total, 173. Capital stock ($100 shares), 8693,000.
Operations, three months ending June 30, 1901 .—Earnings (passenger, $3,569 ; freight, $36,772; other, $150),
$40,491. Operating expenses, $33.051. Net earnings, $7,440.
Directors.^ Isaac Stephenson, H. J. Brown, Marinette, Wis.; H. A. J. Upham, Milwaukee, Wis.; J. W.
Wells, Geo. P. Eisman. Menominee, Mich. OFFICERS : ISAAC STEPHENSON, Pres.; H. J. Brown, Vice-Pres.,
Marinette, Wis.; J. W. Wells, Gen. Mgr., Menominee, Mich.; H. A. J. Upham, Sec. & Treas., Milwaukee, Wifl.;
W. E. Wells, Gen. Supt., Wells ,Mich. GENERAL OFFICE, Wells, Mich.
422 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
EVANSVILLE SUBURBAN AND NEWBURGH RY.-Evansville to Newburgh, Ind , 10
miles. Rail (steel), 40 Ibs. Gauge, 4 ft. 8} in. Chartered Dec. 15, 1887 ; road opened as above June 1, 1889
Locomotive*, 3. Cars— passenger, 12 ; freight (box, 8 ; coal, 28), 30— total. 42.
Operations, year ending June 30, 1801.— Passencers carried, y.ui-ls ; carried one mile, 896,480 Tons
freight moved, 13,490; ton miles, 134,900. Earnings (passenger, $10,560; freight, $5,124; other, $404), $16,148
Operating expenses and other deductions not reported.
O-eneral Balance Sheet, June 30, 1901.— Capital stock paid in ($60,000 auth.; $100 shares), $61,900 ; bills
payable, $15,500— total, $67,400. Contra : Cost of road and equipment, $150,000 • real estate, 87,8'"
$157,200.
Directors (elected July 8, 1901).— F. W. Cook, Geo. A. Cunningham, Lee Howell, Chns. W. Cook, Jos. B
Cox, Gus Muhlhausen, Evansville, Ind. • C. F. Hopkins, Newburgh, Ind. OFFICERS : F. W. COOK. I'ren. ; Lee
Howell, Vice-Pres. & Treas. ; Gus Muhlhansen, Sec. <& Gen. Mgr., Evansville, Ind. GENERAL OFFICE, Evans-
ville, Ind.
FAIRCHILD AND NORTHEASTERN RY.— Fairchild to a point 3 m, northeast of Shilling,
Wis., 33 m.; total track, 35 miles. Gauge, 5 ft. 8fr in. Reorganization, July 7, 1898, of the Chicago, Fuirchild and
Eau Claire River RR. (See MANUAL for 1896, page 158.) The road is owned by the N. C. Foster Lumber C'o. The
extension from Greenwood to Shilling, Wis., 4.2 m., was completed in Dec., 1898 ; from Shilling to a point north-
ea.«t, 3 in., was completed Nov. 15, 1899. Locomotives, 4. Cars— passenger, 2 ; freight (box, 4 : flat. 60 1, 04 : other,
5— total, 71. All funds collected are turned over to the N. C. Foster Lumber Co., owner. Cost of road $207 865-
rolling stock, $28,029 -total, $235,894. Capital stock authorized, $25,000.
Operations, year ending June 30, 1901.— Passengers carried, 3,441 ; carried one mile, 65,442. Tons freight
moved, 71,851 ; ton-miles, 656,265. Earnings (passenger, $2,381 ; freight, $30,975 ; other, $518), $33,874. Operat-
ing expenses, $14,951. Net earnings, $18,923.
Directors.— Not reported. OFFICERS : N. C. FOSTER, Pres.; E. J. Foster, Vice-Pres.; G. A. Foster, Treat.
<fc Sec. ; John F. Fatzinger, Traffic Mgr. & And., Fairchild, Wis. GENERAL OFFICE, Fairchild.Wis.
FINDLAY, FORT WAYNE AND WESTERN RY.-Findlay, O., to Fort Wayne, Ind., 77.79
m. ; Fiudlay east to June., C., C., C. & St. L. Ry., 2.40 m. ; trackage : P., F. W. A C. Ry., Fort Wayne June, to
Fort Wayne, 0.55 m.— total, 80.74 miles. Sidings, 8.95 miles. Gauge, 4 ft. 8* in. Rail (steel), 60 and 65 Ibs.
Consolidation in Nov., 1894, of the Fort Wayne and Eastern Ry. Co. of Indiana and the Ohio Ry. C»
.MANUAL for 1897, page 124.) Locomotives, 6. Cars— passenger, 6 ; baggage, etc., 2 ; freight (box, 12 ; flat, 43 ;
coal, 70), 125 ; service, 2— total, 135, of which equipment 50 coal cars are leased.
Operations, year ending June 30, 1901.— Trains run (passenger, 56,076; freight, 48,537; mixed, 27,144),
131,757 miles. Passengers carried, 55,682; carried one mile. 1,420,7!4. Tons freight moved, 167,561 ; ton-miles,
7,798,543. Earnings (passenger, $24,292; freight, $72,681 ; other, $9,390). $106,303. Operating expenses, f^^H
Net earnings, $17,106. Payments : Interest on bonds, $100 ; taxes, $8,984— total, $9,084. Surplus. $8.022 ; deficit
forward, $328,431 ; net deficit, 8315,409. Add charges during year (interest on 1st 5s, $59,900 : interest on bills
payable, $5,361 : proportion of allowance on sale of bonds, S200), $64,464. Deficit, June 30, 1901. «.V
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $2,000,000 ; funded debt. $2.000,000;
bills payable, $88,866 ; current liabilities, $15,552 ; interest accrued, $315,318 ; taxes accrued, $5.418— total,
$4,425,154. Contra: Cost of road and equipment, $4,017,687; securities owned, $8,800; materials, etc., $3,565;
cash and current assets, §14,230 ; profit and loss, $380,872— total, $4,425,154.
Funded debt, June 30, 1901, consisted of $1,200,000 1st gold 5s of Jan. 1, 1945, and $800.000 2d gold 5s of
Jan. 1, 1945.
Directors (elected Feb. 4, 1902).— John Jacob Astor, A. H. Wiggin, W. Seward Webb, Stephen Wood,
George F. Hawkins, New York, N. Y. ; George Chapman, Findlay,O. ; Wm. T. Rainey, Cleveland, O. OFFICERS :
JOHN JACOB ASTOR, Chairman ; GEORGE CHAPMAN, Pres., 23 W. 26th St.; Stephen Wood, 5«c.,New York, N. Y.;
F. H. Short, Treas.; Geo. W. Lishawa, And., Findlay, O. GENERAL OFFICE, Findlay, O.
FULTON COUNTY NARROW GAUGE RY.— Havana, 111., to Fairview, 111., 31 m. ; Fulton
County Extension Ry. (leased). 30 m.— total, 61 m. ; total track, 63.40 miles. Gauge, 3 ft. Rail— iron, 35 Ibs. ;
steel (14.86 m.), 56 and 60 Ibs. Chartered Aug. 13, 1878 ; road opened Nov. 1, 1880 ; extension, Aug. 20. 1882. The
Fulton County Extension Ry. is leased for 30 p. c. of gross earnings. Locomotives, 4. Cars— passenger, 4 ; bag-
gage, etc., 1 ; freight (box, 41 ; stock, 25 ; flat, 18 ; coal, 75), 159— total cars, 164.
Operations, year ending June 30, 1901.— Trains run (passenger, 39,066 ; mixed, 38,186), 77,252 miles. Pas-
sengers carried, 39,662 ; carried one mile, 813,635. Tons freight moved, 43,150 ; ton-miles. 1,277.240. Earnings
(passenger, $16,605 ; freight, $31,263 ; other, $7,372), $55,240. Operating expenses, $53,134. Net earnings, $2.106.
Payments : Interest on bonds, accrued but not paid, $33,880 ; taxes, $3,009 ; other charges, $888— total, $37,777.
Deficit, $35,671 ; deficit forward, $626,922— total. $662,593.
General Balance Sheet, June 30, 1901.— Capital stock (F. C. N. G. Ry., $375,894; F. C. E. Ry.. §060.-
900), $636,794; funded debt, $484,000: current liabilities, $669.975; current accounts, balance, $1,091— total,
$1,791,860. Contra : Cost of road and equipment, $1,121,510; income account, $1,177; materials, etc., $1.088;
cash on hand, $5,492 : profit and loss, $062.593— total, $1,791,860.
The authorized capital stock of the F. C. N. G. Ry. is $500,000, in $25 shares ; and of the F. C. E. Ry.,
$1,000,000, in $100 shares.
Funded debt, June 30, 1901, consisted of $171,000 ($500,000 auth.) 1st F. C. N. G. Ry. 7s of Nov. 1, 1910, and
$313,000 ($1,000,000 anth.) 1st F. C. E. Ry. 7s of July 1, 1912.
gross earnings. Capital stock, $260,900; funded debt,
(1st 7s of July 1. 1912), $313.000— total. $57H.900.
Cost of road, etc., $293.118. S. H. Mallory. I
FULTON COUNTY EXTENSION RY.— Fairview
to Galesburg, 111., 31.3 m. ; total track, 31.91 miles.
Chartered Feb, , 1881 ; road opened July, 1882. Leased
for 30 years, from June, 1882, to the Fulton County
Narrow Gauge RR. Co., the rental being 30 p. c. of
F. R. Crocker. Treas.. Chariton. la.: .1. A. \\Yst-
blade, See., Lewlstown, IH. Office, Lewistown, 111.
Directors (F. C. N. G. Ry. Co.).— W. G. Sharretts, H. M. Waggoner, J. A. Westblade, Lewistown, 111. ; S.
H. Mallory. Chariton, la.; Allan Mallory. Creston, la. OFFICERS : S. H. MALLORY, Pres. & Gen. Mar.; W. G.
Sharretts, Vice-Pres., Lewistown, 111.; F. R. Crocker, Treas., Chariton, la.; J. A. Westblade, Sec., Lewistown,
111. GENERAL OFFICE, Lewistown, 111.
GALESBURG AND GREAT EASTERN RR.-Wataga to Victoria. 111., 13.50 m.: trackage-
C., B. & Q. KR. ,0.25m.; sidings, 0.50m.— total, 14.25 miles. Gauge. 4 ft. 8} in. Reorganization, Sept. 6, If
the Galesburg, Etherly and Eastern RR. Co., whose property was sold under foreclosure on Feb. 8, 1898. Capital
stock outstanding, $250,000. Locomotives, 2. Cars— combination. 1 ; freight (coal), 4— total, 5.
Operations, year ending June 30. 1901.— Tons freight moved, 37,877. Earnings (passenger, $2,858 ; freight,
$10,894; other, $1,497), $15.249. Operating expenses, $14,761 ; taxes, $453— total, $15.214. Surplus. $35.
Directors.— Adam Harrer, Niles Center, 111.; Edward J. Harms, . Victoria. 111.: Willis Smith, Henry J.
Harms, Chicago, 111.; Emil W. Harms, Etherly, 111.; Henry Harms, Niles Center, 111.: Albert J. Harms, Chicago,
111. OFFICERS : HENRY HARMS. Pres., Niles Center, 111.; Willis Smith, Yice-Pres.; Albert J. Harms, Treas., Chi-
cago, 111.; Adam Harrer, Sec., Niles Center, 111. ; E. J. Harms, Gen. Mgr., Chicago, 111.
POOR'S MANUAL OF RAILROADS. 423
GRAND RAPIDS TRANSFER AND JUNCTION RR. -In city of Grand Rapids. Mich., 1m. •
total truck (rail ; 56 Jbs.), 1.11 miles. Gauge, 4 ft. 8£ in. Chartered Feb. 22, 1882 ; opened June 1, 1882. Designed
as a belt line to connect the different roads centring in the city of Grand Rapids, Mich. Controlled and operated
by the Pere Marquette RR. Co. Capital stock ($100 shares), representing cost of road, etc., $5,000.
Directors.— Franklin B. Wallin, Wm. T. Bentley, Win. A. Hayes, Van A. Wallin, Grand Rapids, Mich.;
Thos. S. Wallin, Chicago, 111. OFFICERS : FRANKLIN B. WALLIN, Pres., Grand Rapids, Mich.; Thos. S. Wallin,
Vicf-Pres., Chicago, 111.; Van A. Wallin, Sec. &yreas., Grand Rapids, Mich. GENERAL OFFICE, Grand Rapids,
Mich.
HAWTHORNE, NEBAGAMON AND SUPERIOR RR.-Hawthorne to Nebagamon, Wis.,
7.35 m.; various branches, 9.15 m.; total, 16.5 ; total track (steel, 17.5m.), 18.5 miles. Gauge, 4 ft. 8i in. Rail, 50
and 55 Ibs. Chartered Aug. 4, 1898 ; road opened in April, 1899. Owned by the Lake Nebagamon Lumber Co.
Locomotives, 4. Cars— freight, (box, 1; flat, 91), 92.
Operations, year ending June 30, 1901.— Trains run (mixed, 16,020; other, 8,010), 24,030 miles. Pas-
sengers carried, 1,092 ; carried one mile, 12,436. Tons freight moved, 195,470; ton-miles, 3,135,255. Earnings
(passenger, $423 ; freight, $37,551 ; other, $1,610), $39,584. Operating expenses, $23,082. Net earnings, §16,501.
Paid taxes, $243. Surplus, $16,258 ; surplus forward, $6,338— total, $22,596.
General Balance Sheet, June30, 1901.— Capital stock ($100 shares), $50,000 ; current liabilities, $11,879 ;
profit and loss, $22.596— total, $84,475, representing cost of road and equipment.
Directors (elected Sept. 15, 1900).— E. Rutledge, E. L. Ainsworth, Chippewa Falls, Wis.; P. Weyerhauser,
St. Paul, Minn.; J. P. Weyerhauser, Lake Nebagamon, Wis. OFFICERS : E. RUTLEDGE, Pres., Chippewa Falls,
Wis.; F. Weyerhauser, Vice-Pres., St. Paul, Minn.; E. L. Ainsworth, Sec. & Treas., Chippewa Falls, Wis.; Wil-
liam O'Neil, Supt.i Lake Nebagamon, Wis. GENERAL OFFICE, Nebagamon, Wis.
HAZELHURST AND SOUTHEASTERN RY.— Hazelhurst to Tomahawk Lake, Wis., 10 m. ;
Austin to Neuman, Wis., 7 m.— total, 17 miles. Sidings, 1 mile. Gauge, 4 ft. 8i in. Rail (steel), 50 Ibs. Char-
tered Jan. 30, 1896 ; road opened as above Oct. 25, 1896. Locomotives, 2. Cars— combination, 1 ; caboose, 1 ;
Other, 63 -total, 65.
Operations, year ending June 30, 1901.— Earnings (passenger, $1,059; freight, $23,844), $24,903. Operat-
ing expenses, $21,269. Net irnings, $3,634. Deductions, $100. Surplus, $3,534.
General Balance Sheet, June 30, 1901.— Capital stock (|25 shares), $100,000; current liabilities, $4,488;
profit and loss, $8,044— total, $112,532. Contra: Cost of road, $86,314; equipment, $22,321; cash and current
assets, $3,897— total, $112,532.
Directors (elected Jan. 20, 1899).— W. C. Yawkey, W. H. Yawkey, C. C. Yawkey, H. L. Tibbits, L. H.
Wheeler, Hazelhurst, Wis. OFFICERS: W. C. YAWKEY, Pres.; C. C. Yawkey, Vice- Pres. & Gen. Mgr. ; L. H.
Wheeler, Sec. & Avd.; W. H. Yawkey, Treas., Hazelhurst, Wis. GENERAL OFFICE, Hazelhurst, Wis.
HECLA AND TORCH LAKE RR.— Calumet to Lake Linden, Mich., 6 m.; Hecla to Calumet,
Mich., 0.5 m. ; Hecla to South Hecla, Mich., 1 m. — total, 7.5 m.; total track (steel, 10 m.), 14.91 miles. Rail, 40
to 70 Ibs. Gauge, 4 ft. 1 in. Chartered March 8, 1868; opened in Oct., 1868. Operated and wholly owned by
the Calumet and Hecla Copper Mining Co., which pays any deficit that may occur for the privilege of having
its ore transported free. Locomotives, 13. Cars— passenger, 1; freight (box, 4; flat, 80; coal, 57; ore, 639), 780;
other, 70— total, 851.
Operations, year ending Dec. 31, 1900.— Trains run (freight), 37,080 miles. Tons freight moved, 1,649,804;
ton-miles, 12.375,536. Earnings (freight), $179,669. Operating expenses, $179,669; taxes, $7,509— total, $187,178.
Deficit, $7,509.
General Balance Sheet, Dec. 31, 1900.— Capital stock paid in ($150,000 auth.; $100 shares), $100,000;
unfunded debt, $1,228,432— total, $1,328,432. Contra: Cost of road, etc., $1,228,432.
Directors. — Alexander Agassiz, Cambridge, Mass.; Quincy A. Shaw, Jr., Boston, Mass.; S. B. Whiting,
Will A. Childs, S. D.Warriner, Calumet, Mich. OFFICERS: ALEXANDER AGASSIZ, Pres., Boston, Mass.; James
N. Cox, Sec. <& Treats.; S. B. Whiting, Gen. Mgr., Calumet, Mich. GENERAL OFFICE, Calumet, Mich.
ILLINOIS TERMINAL RR.— Alton to Hartford, 111., 6 m.; leased, Wabash RR., Hartford to
Edwardsville June., 7.1 m.; trackage, Wabash RR., Edwardsville June, to Edwardsville, 1.6 m.— total, 14.7 miles.
Sidings, etc., 11.3 miles. Gauge, 4 ft. 8£ in. Rail (steel), 70 Ibs. Chartered July 6, 1895; road opened Feb. 22,
1896; extension Nov. 26, 1899. This road was built for the purpose of supplying terminal facilities to the railroads
entering the city of Alton, and also for the purpose of developing the manufacturing interests of that city. Loco-
motives, 3. Cars— passenger, 1 ; freight (coal), 100; service, 4— total, 105.
Operations, year ending June 30, 1901.— Passengers carried, 39,817. Tons freight moved, 164,367. Earn-
ings (passenger, $9,786 ; freight, $48,293 ; other, $6,383), $64,462. Operating expenses, $57,584. Net earnings,
$6,878. Paid interest on bonds, $6,250 ; taxes, $2,438— total, $8,688. Deficit for year, $1,810.
General Balance Sheet, June 30, 1901.— Funded debt (1st 5s of 1921), $125,000; current liabilities, $51,550
—total, $176,550. Contra : Cost of road and equipment, $158,697 ; current assets, $12,538; profit and loss, $5,315
—total, $176,550.
Capital stock authorized, $200,000; subscribed, $125,000; par, $100. The stock went with the bonds.
Directors — W. E. Smith, C. Levis, R. H. Levis, H. H. Ferguson, Alton, 111.; Geo. M. Levis, Upper Alton,
111. OFFICERS: WILLIAM ELIOT SMITH, Pres.; Geo. M. Levis, Vlce-Pres.; R. H. Levis, Treas.; Chas. Levis,
Sec.; H. H. Ferguson, Gen. Mgr., Alton, 111. GENERAL OFFICE, Alton, 111.
ILLINOIS SOUTHERN RY. (THE).— Main Line : Salem to Chester, 111., 92.1 m.; branch, Sparta
to Rosborougb, 111., 5.0 m.— total owned, 97.1 miles. Trackage: Illinois Central RR., Centralia to Branch Junc-
tion, 111., 2.4 m.— total operated, 99.5 miles. Sidings (owned)", 11.8 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60, 70,
and 75 Ibs. Successor, after foreclosure sale, May 16, 1900, to the Centralia and Chester RR. Co. (see MANUAL
for 1899, page 373). The new company assumed possession on June 1, 1900. Locomotives, 7. Cars — passenger,
4 ; baggage, etc., 3 ; freight (box, 24 ; flat, 12 ; coal, 72), 108 ; service, 25— total cars, 140.
Operations, year ending June 30, 1901.— Trains run (passenger, 129,930 ; freight, 66,774 ; other, 3,314),
200,018 miles. Passengers carried, 100,379 ; carried one mile, 2,385,992. Tons freight moved, 111,130 ; ton-miles,
12,708,500. Earnings (passenger, $a3,285 ; freight. $71,206 ; other, $8,738), $113,229. Operating expenses, $96,285.
Net earnings, $16, 944 ; other receipts, $7 ; total, $16,951. Payments : Interest on bonds, $16,000 ; other interest,
$632 ; taxes, $8,013— total, $24,645. Deficit, $7,694. Surplus forward, $152. Net deficit, $7,542.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares) paid in, $2,000,000 ; funded debt,
$825,000 ; bills payable, $60,000 ; current liabilities, $12,200 ; taxes accrued, $8,000— total, $2,905,200. Contra :
Cost of road and equipment, $2,829,411; materials, etc., $10,046; cash and current assets, $58,201 ; profit and
loss, $7,542— total, $2,905,200.
Funded debt authorized (not yet issued) consists of $2,000,000 1st mtge. 4 p. c. 50-yr. $1,000 gold coupon
bonds, due Oct. 1, 1951, interest April and October ; trustee, Equitable Trust Co., Chicago, 111. The amount in
the balance sheet represents bond certificates, which will be taken up with bonds.
Directors.— J. W. Walsh, John R. Walsh, L. A. Walton, A. F. Hatch, William Burry, C. F. Weinland,
Chicago, 111.; W. S. Ingraham, Bristol, Conn. OFFICERS: JOHN W. WALSH, Pres.; J. R. Walsh, Vice-Pres.;
424 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
J. C. Jacobi, Treat.; Charles P. Weinland, Sec. & And., Chicago. 111. GENERAL OFFICE, 804 Dearborn St .
Chicago, 111.
INDIANA NOBTHEBN BB.— South Bend, Ind., to Myler, Ind., and switch tracks, 2 miles. 70-
Ib. Bteel rail. Gauge, 4 ft. 81 in. Chartered April 9. 1891 ; road opened Sept. 1. 1891. Operated as a belt line
connecting the Lake Shore and Michigan Southern, the Chicago and Grand Trunk, the Terre Haute and Logans-
port, the Michigan Central, and the Indiana, Illinois and towa Rys. with each other, and with various manu-
facturing plants at South Bend, Ind. Locomotive, 1 . Gros«BRiings, year ending June 30. 1901, $5,14!) Operating
expenses, $3,519. Net earnings, $1,630. Capital stock ($100' shares), $20,000. No funded or other debt.
Directors (elected April 3, 1901). — James Oliver, Joseph D. Oliver, George Ford, A. G. Oliver, J. O. Ford,
South Bend, Ind. OFFICERS : JAMES OLIVER, Pres.; Joseph D. Oliver, Oen. Mgr., Treas. <fe Purch. Af/t. • George
Ford, Sec.; M. M. Matthews, Traf. Mgr.; Frank Abbott, Fgt. Agt., South Bend, Ind. GENERAL OFFICE, South
Bend, Ind.
INDIANAPOLIS UNION BY.— Line owned, 0.93 m.; line leased (Bell JIR.; see appended state-
ment), 11.71 m.— total operated, 12.64 m.; 2d track (owned, 0.93 m.; leased, 9.39 m.), 10.32 m.; sidings (owned,
3.08 m.; leased, 7.52 m.), 10.60 miles. Gauge, 4 ft. 9 in. Rail (steel), 70 and 85 Ibs. Established in 1*50. The
Belt RR. is leased for 999 years from Oct. 1, 1882. This is a co-operative terminal road, providing terminal facili-
ties and doing a switching business for the roads entering Indianapolis. For these accommodations ;i ci
made on a train and mileage basis equalling the expense of operation, and no more. In addition to the charge
for operating expenses, each company using the property pays a fixed rental, out of which is paid interest on
bonds, Belt RR. rental, and interest on investments of the proprietary companies. The capital is furnished by
the P., C., C. & St. L. Ry. Co., T. H. & I. RR. Co., and C., C., C. & St. L. Ry. Co. The following-named also use
the property and have all privileges on the same terms as the proprietor companies : Peoria and Eastern ; Indiana,
Decatur and Western ; Indianapolis and Vincennes : Cincinnati, Hamilton and Indianapolis ; Lake Erie and
Western, and Chicago, Indianapolis and Louisville. Locomotives (3 owned), 13; caboose (owned), 1; work-train
cars (leased, 10), 11— total cars, 12.
General Balance Sheet, June 30, 1901. -Capital stock paid in, $858,262 ; funded debt (Ist4}s of May
1, 1926), $1,000,000; current liabilities, $62,554; bond interest accrued, $7,050; profit and loss, $187,865— total,
$2,115,731. Contra : Cost of road and equipment (including viaduct over tracks, costing $211,037. donated to City
of Indianapolis), $1,858,262 ; sinking fund, $127,800 ; materials, etc., $21,841 ; ca&h and current assets, $107,828—
total, $2,115,731.
bonds, $60.000; dividends on stock (preferred, $30,-
BELT RR. AND STOCKYARD (INDIAKAPO-
LIS). — Around City of Indianapolis, Ind., 11.71 m. ;
2d track, 9.39 m. ; total track, 21.10 m. Locomotives,
10. Construction cars, 10. Leased to the Indianapolis
Union Ry. Co., for 999 years from Oct. 1, 1882.
Income Account, year ending Dec. 31, 1900 (latest
report). — Rental, $49,577; other receipts, $103,607;
interest on investments, $2,720; interest account,
$1,400 — total, $157,304. Payments: Interest on
000; common, $50.000), $80.000 — total, $140.000.
Surplus. $17,304. Capital stock ($500,000 preferred;
$1.000.000 common; $50 shares), $1.500.000. Funded
debt (1st 6s of April 30, 1911), $1,000.000. S. E.
Rauh, Pres. ; Julius A. Hanson, Viee-Pres. ; John H.
Holliday, Sec.; H. D. Lane, Aud., Indianapolis,
Ind. Office, Indianapolis, Ind.
Board of Managers, I. TJ. By. — This board is composed of one representative from each railroad
using the property. OFFICERS: JAMES McCREA, Pres., Pittsburgh, Pa.; E. F. Osborn, Vice- Pres., Cincinnati,
O • W. T. Cannon, Treas., Purch. Agt. &, Sec.; C. A. Vinnedge, Aud., Indianapolis, Ind. GENERAL OFFICE,
Indianapolis, Ind.
IOLA AND NOBTHEBN BY.— Scandinavia to tola, Wis., 4.7 miles. Gauge, 4 ft. 8* in. Steel rail.
Organized May 9, 1893; road built in 1893. Locomotive, 1. Cars — combination, 1; freight (box, 1; flat, 3), 4 —
total, 5.
Operations, year ending June 30, 1901.— Earnings (passenger, $1,301; freight, $4,253), $5,554. Operating
expenses, $4,833 ; taxes, $30— total, $4,863. Surplus, $691.
General Balance Sheet, June 30, 1900.— James Walker, Jr., for funds furnished to build and equip the
road, $37,856; current liabilities, #930; other liabilities, $230; profit and loss, $999— total, $40,015. Contra: Cost
of road, $33,126; equipment, $4,730; cash and current assets, $2,159— total, 840,015. Capital stock ($1,700,000
auth.; $100 shares), issued and outstanding, §71,400. While there have been issued 714 shares of stock to the par
value of $71,400, the only amount thus far entered on the books of the company as a liability, is the $37,856 fur-
nished by the builders of the road for construction and equipment.
Directors.— Not reported. OFFICERS : S. S. PALMER, Pres., New York, N. Y.; J. C. Thurman, Aud.; J.
A. Jordan, Gen. Mgr., Green Bay, Wis. GENERAL OFFICE, Green Bay, Wis.
IBON BY.— Ironton to Centre, O., 12.75 m. ; branches, Ironton to Whitwell, 2.75 m. ; Etna Sta. to Etna
Furnace, 1 m.; Bartles to Dean, 1 m.— total, 17.5 m.; total track (steel, 17.5 m.), 22.45 miles. Gauge. 4 ft. 8t in.
Rail, 5P and 60 Ibs. (For history, see MANUAL for 1888, pasre 466.) The Cincinnati, Hamilton and Dayton Ry.
Co. has joint use of track from Dean to Ironton, at a rental of $1,250 per month. Locomotives (1 leased), 5. Cars
—passenger, 2 ; freight (flat, 20 ; coal, 79), 99— total, 101.
Operations, year ending June 30, 1901.— Passengers carried, 7,384 ; carried one mile, 59,072. Tons freight
moved, 127,627 ; ton-miles, 1,659,151. Earnings (passenger, $1,936 ; freight, $20,968 ; other, $36,842), §59,746.
Operating expenses, $38,190. Net earnings, $21,556.
G-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $600,000 ; current liabilities,
$4,383 ; profit and loss, $72,745— total, $077,128. Contra : Cost of road and equipment, $657,930 ; bonds owned,
$5,681 : cash on hand, $13,517— total, $677,128.
The entire capital stock is held in the interest of the Detroit Southern RR. Co.
Directors.— F. J. Lisman, Evans R. Dick, New York, N. Y.; Samuel Hunt, Cincinnati, O.; C. C. Clarke,
R. D. McKnight, Ironton, O. OFFICERS : SAMUEL HUNT, Pres., Detroit, Mich.; F. J. Lisman, Vtee-Prtt,, New
York, N. Y.; T. D. Rhodes, Sec. <fc Treas.; W. D. Gray, Aud., Detroit, Mich.; C. C. Clarke, Gen. Mgr., Ironton,
O. GENERAL OFFICE, Ironton, O.
IVOBYDALE AND MILL CBEEK VALLEY BY.-Junc. C. H. & D. Ry. & C., C., C. & St. L.
Ry. at Ivorydale. O., and June. B. & O. S. W. Ry. at Ivorydale June., O., 6 miles. 56-lb. steel rail. Gauge. 4 ft.
8J in. Chartered April 1, 1890 ; road opened in 1890. This company's business is exclusively switching, and
most of it is done for the Procter & Gamble Co., from which corporation the privileges are leased. Locomotives,
3. Cars (box, 7 ; flat, 2 ; tank, 217 ; rack, 5; coal, 1), 232. Capital stock ($100 shares), $100,000.
Operations, year ending June 30, 1901.— Earnings (freight, $60,511 ; other, $14,702), $75,213. Operating
expenses, §50.504. Net earnings, $24,709. Deductions, $5,370. Surplus, $19,339.
Directors.— William A. Procter, William C. Procter, J. H. French, R. P. Buchanan, John M. Macdonald,
Cincinnati, O. OFFICERS: R. P. BUCHANAN, Pres. & Gen. Mgr.; J. M. Macdonald, Sec.; J. H. French, '/>><;*.,
Cincinnati, O. GENERAL OFFICE, Cincinnati, O.
JACKSONVILLE AND ST. LOUIS BY.— Jacksonville to Centralia, 111., 112.3 m.; trackage,
Chicago, Peoria & St. Louis Ry., Litchfleld to Bridge Jc., 47 m.; Chicago, Greenville and Southern £y., Durley
POOR'S MANUAL OF RAILROADS. 425
to Greenville 39 m.~ total track, 163.20 m. Rail-steel (121.25 m.), 56 Ibs.; iron, 56 Ibs. Gauge, 4 ft. 8* in.
Ueon'imi/.atioii, July 1, 1896, of the Jacksonville, Louisville and St. Louis Ry. Co. (See MANUAL for 1899,
paue 379.) In March, 1902, a controlling interest in this company was acquired by the Chicago, Burlington and
Duincy Kv Co but for the present the road will continue to be operated as an independent line. Locomotives,
f ('ax passenger, 6; baggage, etc., 4; freight (box, 97; flat, 8; coal, 96), 201; other, 14— total, 898.
Operations, year ending June 30, 1901. -Trains run (passenger, 110,952; freight, 135,660; other, 1,044),
847656 miles. Passengers carried, 188,836; carried one mile, 2,650,015. Tons freight moved, 173,975; ton-miles,
970*388. Earnings (passenger, $60,857; freight, $152,291; other, $11,815), $224,963. Operating expenses,
$179 419 Net earnings, $45,514; rentals, $6,963— total, $52,477. Payments : Interest on bonds, $35,500; other
interest, $586; taxes, $15,216; other charges, $930-total, $52,231. Surplus, $246; surplus forward, $1,621—
total, $1,867.
. _
S3 770- other assets, $3,267— total, $3.922,154.
' Funded debt, June 30, 1901, consisted of $300,000 1st 6s of July 1, 1910; $350,000 ($650,000 auth.) 1st
consol gold 5s of Oct. 1, 1925, and $1,650,000 income uon-cum. 4s of Jan. 1, 1935.
The securities of this company are not on the market, the capital stock being held m the treasury and the
bonds distributed among the officers.
CHICAGO, GREENVILLE AND SOUTHERN
RY. — Durley to Greenville, 111., 3.9 miles. Gauge, 4
ft 8J in. Hall (steel), 56 Ibs. Operated by the Jack-
sonville and St. Louis Ry. Co., without a written
therefor. This road was sold under foreclosure on
April 29, 1902, and was bid in for $10,000 by Bluford
Wilson, of Springfield, 111., acting as the represent-
ative of the bondholders.
lease, for operating expenses, no rental being paid
Directors, J. & St. L. Ry. Co. (elected June 5, 1901).— James H. Dunn, Harry F. West, Philadelphia, Pa.;
Charles Reddell, Henry L. Stern, Henry A. Gardner, Chicago, 111. OFFICERS : JAMES H. DUNN, Pres., Philadel-
phia, Pa.; C. M. Stanton, Gen. Mgr., Jacksonville, 111.; Henry A. Gardner, Sec. & Treas., Chicago, 111. GENERAL
OFFICE, Jacksonville, 111.
KEWATJNEE, GBEEN BAY AND WESTERN BB.— Green Bay to Kewaunee,Wis., 36.7m. ;
sidings^9.69 miles. Gauge, 4 ft. 8$ in. Rail (steel, 36.7 m.), 60 and 70 Ibs. Chartered May 29, 1890 ; road opened
Nov. 7, 1891. Locomotives, 2. Cars —passenger, 2 ; combination, 2; baggage, etc., 1— total, 5.
Operations, year ending June 30, 1901.— Earnings (passenger, $23,771; freight, $58,263; other, $37), $82,-
071. Operating expenses, $46,510. Net earnings, $&5,561 ; other receipts, $261— total, §35,822. Total deductions,
$22,910. Surplus, §12,912,
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in (common, $465,750 ;
preferred, §199,200 ; $100 shares), $664,950; funded debt (1st 5s of June 1, 1921), $408,000 ; current liabilities,
$5,456; interest matured, not paid, $600; other liabilities, $11,384; profit and loss, $16,149— total, $1,106,539.
Contra : Cost of road and equipment, $1,068,350; cash and current assets, $38,189— total, $1,106,539.
Capital stock authorized : Common, j&480,000; preferred, $200,000— total, $680,000..
Cox,
Yor
Jordan, Gen. Mgr., Green Bay, Wis. GENERAL OFFICE^ Green Bay, Wis.
LAKE EBIE, ALLIANCE AND WHEELING BB.-Phalanx to Phillips, O., 63m.; total
track (steel ; 56 Ibs.), 67 miles. Gauge, 4 ft. 8£ in. Chartered Jan. 25, 1901, and acquired the Ohio River and
Lake Erie RR, and the Alliance Northern RR., the two forming a line from Phalanx to Bergholz. O., 60.8 miles.
An extension from Bergholz to Dillonvale, O., 30 miles, is under construction, a section from Bergholz to
Phillips, O., 2.5 miles, having been completed is included in the line of road as above. The acquired corpora-
tions were fully merged into this company in July, 1901. Locomotives, 9. Cars— passenger, 2 ; baggage, etc.,
2 ; freight (flat, 80 ; coal, 250), 330 ; other, 7— total, 341.
Operations, year ending June 30, 1901.— Trains run (passenger, 37,404 ; freight, 16,200 ; mixed, 5,840),
59.444 miles. Passengers carried, 14,412 ; carried one mile, 273,288. Tons freight moved, 53,867 : ton miles,
922,502. Earnings (passenger, $6,590; freight, $20,197 ; other, $4,099), $30,886. Operating expenses, $28,715;
taxes, SI .849— total, §30.064. Net earnings', $822.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $2,000,000 ; funded debt, (1st 5s
dated March 1, 1901), $1,300,000; current liabilities, $46,033; profit and loss, $642— total, $3,346,675. Contra:
Cost of road and equipment, $2.725,107 ; securities owned, $500,000 ; current accounts, $121, 568— total, $3,346.675.
Directors.— C. Morris, H. A. Garfield, John E. Newell, J. R. Garfield, H. Clark Ford, Chas. L. Pack, J. J.
Sullivan, H. E. Andrews, W. H. Morgan. Cleveland, O. OFFICERS: C. MORRIS, Pres. ; John K. Newell, Vice-
Pres.; J. R. Garfield, Kec. & Treas., Cleveland, O.; R. G. Butler, Gen. Mgr.; C. O. Scranton, Aud., Alliance, O.
GENERAL OFFICE, Alliance, O.
LAKE SIDE AND MABBLEHEAD BB.— Marblehead June, to Marblehead, O.,6.88 m. ; total
track (steel; 60 and 75 Ibs.), 11.93 miles. Gauge, 4 ft. 8J in. Organized Aug. 17, 1886 ; road opened Jan. 17, 1887.
Locomotives, 3. Cars— passenger, 2 ; baggage, etc., 1; freight (box, 5; coal, 1), 6; caboose,^ I Bother, 1— total, Jll.
Net earnings, $33,289 ; other receipts, $705— total, $33,994. Payments : Interest on bonds, $6,915 ; taxes, $1,335
—total, $8,250. Surplus, $25,744 ; surplus forward, $86,667— total, $113.411.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $150,000; funded debt (1st 6s of
April 1, 1922, subject to call), $113.000; current liabilities, $20,417; interest accrued, not due, $1,695; profit and
loss, $112,411— total, $397,523. Contra : Cost of road and equipment, $333,835; securities owned, 4,955; cash and
current assets, $58.733 -total, $397,523.
Directors (elected Sept. 25, 1901).— William Chisholm, J. H. Morley, Caleb E. Gowen, Norman Kelley, Fred
A. Beckwith, F. A. Sterling, W. D. Rees, L. C. Hanna, Cleveland. O. ; D. G. Cutler, Dnluth, Minn. OFFICERS :
NORMAN KELLEY, Pres. ; Fred A. Beckwith, Vice-Pres. ; Caleb E. Gowen, Treas. & Gen. Mgr. ; W. A. Pardee,
Sec. & And., Cleveland, O. GENERAL OFFICE, Cleveland, O.
LAKE STJPEBIOB AND ISHPEMING BY.— Presque Isle (Marquette) to Ishpeming, Mich.,
19.94 m.; sundry branches, 1.07 m.; leased C. & N. W. Ry., C. & N. W. Con. to Cleveland Lake Con., 0.92 m.—
total, 21.93 m. ; total track (owned, 30.03 m.), 30.95 miles. Gauge, 4 ft. Hi in. Rail (steel), 80 Ibs. Chartered
in 1895 ; road opened as above Aug. 12, 1896. Locomotives, 14. Cars— passenger,4 ; freight (flat, 20 ; coal and
ore, 490), 510 ; caboose, 4-total, 518.
Operations, year ending Dec. 31, 1901.— Trains run (passenger, 9,859 ; freight, 62,918), 72,777 miles. Pas-
sengers carried. 7,850: carried one mile, 136,674. Tons freight moved, 1,610,560; ton-miles, 33,790,146. Earnings
(passenger, $1,858 ; freight, $174,092 ; other, $395), $176,345. Operating expenses, $109,882. Net earnings,
426 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
$66,403; other receipts, $9,818— total, $76,281. Less: taxes, $13,377. Surplus, $62,904; surplus forward, $126,424
total, $189,328.
General Balance Sheet, Dec. 31, 1901.— Capital stock (§100 shares) paid in, $1,000,000; funded debt
(1st gold 6s of Jan. 1, 1926), $090,000 ; bills payable, 8143.750 ; current liabilities. $7.133 ; taxes accrued, not due,
$6,780 ; other liabilities, $420,423 ; profit and loss, $189,328— total, $2,457,420. Contra: Cost of road and equip-
ment, $2,408,373 ; materials, etc., $19,974 ; cash and current assets, $2'.i,o".3- total, £.2,457,420.
Directors (elected Feb. 12.J902).— Jas. Langhlin, Jr., B. F. Jones, Jr., Pittsburgh, Pa.; Wm. ('.. Pollock,
J. H. Hoyt, Wm. G. Mather, Cleveland, O.; J. H. Wade, New York, N. Y.; Geo. Harden, Ishpeming. Mich.
OFFICERS: WM. G. MATHER, Pres., Cleveland, O.; Jas. Laughlin, Jr., Vice-Pres., Pittsburgh, Pa. ; W. G. I'ollock,
Treas.: J. H. Hoyt, Sec., Cleveland, O.; H. R. Harris, Gen. Mgr., Marqnette, Mich. GENERAL OFFICE, Mar-
quette, Mich.
LAKE SUPERIOR TERMINAL AND TRANSFER RY.-In West Superior, Wis., 15.70
miles. Gauge, 4 ft. 8i in. Chartered Oct. 17, 188.3; road opened in June, 1887. This is a switching road, built
for the purpose of transferring cars between the depots and tracks of the proprietary railway companies running
into West Superior, Wis. Locomotives, 7.
Operations, year ending June 30, 1901. — Earnings, $3,278; received from proprietary railroad companies.
$67,451 -total, $70,729. Operating expenses, $58,896 ; taxes, $133— total, $59,029. Net earnings, $11,700. Paid
interest on bonds, $11,700.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($1,200,000 auth. ; $100 shares). $94,200 ;
funded debt (1st 6s of April 1, 1909), $195,000; current liabilities, $7,208; accrued bond interest, $2,936— total,
$299,333. Contra: Cost of road and equipment, §289,403 ; materials, etc., $1,057; cash and current assets, $8,873
—total, $299,333.
Directors (elected Oct. 19, 1901).— D. M. Philbin, West Superior, Wis.; E. L. Brown, Duluth, Minn.; L. W.
Hill, W. G. Pearce, W. A. Scott, St. Paul, Minn.; W. F. Fitch, Marquette, Mich. OFFICER^: W. A. SCOTT,
Pres., St. Paul, Minn.; W. F. Fitch, Vice-Pres., Marquette, Mich,; J. L. Cramer, Sec. & Treas., St. Paul, Minn.;
C. P. Brown, Supt., West Superior, Wis. GENERAL OFFICE, St. Paul, Minn.
LA SALLE AND BUREAU COUNTY RR.-La Salle, 111., to near June, of the C. & N. W. Ry.,
and the C., B. & Q. in Bureau Co., 6.35 m.; total track (steel; 65 Ibs.), 7.10 miles. Gauge, 4 ft. 8J in. Chartered
Aug. 30, 1890; road built in 1892 and opened Oct., 1893. Operated by Matthiessen & Hegeler Zinc Co. Owns no
rolling stock.
Operations, year ending June 30, 1901.— Trains run (freight), 7,848 miles. Earnings (freight), $17,227.
Operating expenses, $10,089. Net earnings, $7,188. Payments ; Taxes, $630; dividends (6 p. c.), §3,000-total,
$3,030. Surplus, §3,508; surplus forward, $14,704— total, §18,212.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $50,000; profit and loss, $18,212—
total, $68,212. Contra : Cost of road and equipment, $47,785 ; current assets, $20,427— total, 868.212.
Directors. — Edward C. Hegeler, New York, N. Y. ; F. W. Matthiessen, G. Weerts, Charles Diesterweg,
George P. Blow, La Salle, 111. OFFICERS : GEORGE P. BLOW, Pres.; G. Weerts, Sec. & Treas., La Salle, III.
GENERAL OFFICE, La Salle, 111.
LOUISVILLE, NEW ALBANY AND CORYDON RR.-Corydon to Corydon June., Ind.,
7.7 m.; Corydon to Kings Cave, Ind., 3.3 m.— total 11 miles ; total track (steel, 7.7 m.), 12.62 miles. Rail— iron,
36 Ibs. ; steel, 40 to 56 Ibs. Gauge, 4 ft. 8J in. Chartered, 18*3 ; opened May 1, 1890. Sold under foreclosure in
Feb., 1888, and the company reorganized. Locomotives, 2. Cars— passenger, 2; freight (flat), 1— total, 3. Other
freight cars supplied by Southern Ry. Co.
Operations, year ending June 30, 1901.— Passengers carried, 18, 152: carried one mile, 139,770. Tons freight
moved, 15,452; ton-miles, 118,980. Earnings (passenger, $6,&55 ; freight, $9,558 ; other, $2.0451, S17.95S. Operat-
ing expenses, $12,223. Net earnings, $5,735. Payments: Interest on debt, $3,832; taxes, $638— total, $4,470.
Surplus, $1,265.
General Balance Sheet, June 30, 1898 (latest rendered).— Capital stock paid in ($150,000 auth. ; $100
shares), $145,000 ; funded debt (1st 6s of 1918), $50,000 ; bills payable, $25.000 ; current liabilities, $8,397 ; profit
and loss, $1,943— total, $230,340. Contra: Cost of road and equipment, $80,632 ; due on capital stock, $145,000;
cash and current assets, $4,708— total, $230,340.
Directors.— M. J. O'Connor, Hartford, Conn.; St. John Boyle. Tilford J. Boyle, Louisville, Ky.; G. W.
Applegate, R. L. Miller, L. S. Riley, E. D. Mitchell, Corydon, Ind. OFFICERS : M. J. O'CONNOR, Pres. <t Gen.
Mgr., Hartford, Conn.; St. John Boyle, Vice-Pres. & Treas., Louisville, Ky.; E. D. Mitchell, Sec.; G. W.
Briffet, And., Corydon, Ind. GENERAL OFFICE, Corydon, Ind.
MANISTEE AND GRAND RAPIDS RR.— Manistee to Camp 32. Mich., 64 m.; Millerton to
Barretts, Mich., 7.97 m.; Filer City to Sands, 2.32 m.— total, 74.29 m. ; total track (steel; 50, 56. and 00 Ibs.), 94.52
miles. Gauge, 4 ft. 8J in. Chartered Nov. 17, 1889; road completed as above (see MANUAL for 1800, page 170).
Projected from Manistee to Grand Rapids, Mich., 116 miles. Locomotives, 4. Cars— passenger, 4; freight (Box,
59; flat, 239; coal, 20), 318-total, 322.
Operations> year ending Dec. 31, 1901.— Trains run (mixed), 94,017 miles. Passengers carried, 11,381;
carried one mile, 236,097. Tons freight moved, 275,687; ton-miles, 11.349,279. Earnings (passenger, 35.628: freight,
$125,338; other, §1,299), $132,265. Operating expenses, $112,087. Net earnings, $20,178; other receipts, $5,485—
total, $25,614. Payments: Interest on bonds, $5,000; taxes, §3,443— total, §8, 448. Surplus, §17,166; surplus for-
ward, $18-f,963— total, $206,129.
General Balance Sheet, Dec. 31, 1901.— Capital stock paid in ($1,000,000 auth.; $100 shares), §450.000;
funded debt (1st 58 payable semi-annually, 1902-1005), §100,000; other liabilities, $51,530; profit and loss $206.129
—total, $807,659. Contra: Cost of road and equipment, $752,859; other investments, §31,080; materials, etc.,
$19,091 ; cash and current assets, $4.629— total, $807.659.
Directors. —E. G. Filer, Filer City, Mich.; Chas. J. Canfield, Louis Sands, Jas. Dempsey, H. W. Marsh,
T. J. Ramsdell, R. R. Blacker, Manistee. Mich. OFFICERS: CHAS. J. CANFIELD, Prea.; Louis Sands, Vice-Prm.,
Manistee, Mich.; E. G. Filer, Treas., Filer City, Mich.; T. J. Ramsdell, Sec.; F. 8. Beil. Aud., Mandates, Mich.
GENERAL OFFICE, Manistee, Mich.
MANISTEE AND LUTHER RR.— Eastlake, Mich., to end of track, 55 m.: brfinrf>f» to forest
terminals, 20 m.— total, 75 m. ; total track (steel; 30 Ibs.), 79 miles. Gauge, 3 ft. Chartered March 20. l.-wi; ; road
opened in Jane, 1886. Locomotives, 7. Cars— freight (box, 14; flat, 35; stock, 69; coal, 8: losing. 2!
service, 3— total cars. 375.
Operations, year ending Dec. 31, 1901.— Earnings (passenger, $537 : freight, $37.2961, $37,888. Operating
expenses, $35.200. Net earnings, $2,633. Less interest on unfunded debt, $2,066. Surplus, $567; surplus for-
ward, $70. 186 -total. $70.753.
G'eneral Balance Sheet, Dec. 31, 1901.— Capital stock paid in ($400,000 auth.; $100 shares), $300,000: cur-
rent liabilities. $98.830 ; profit and loss, $70,753— total, §469.589. Contra: Cost of road and equipment, $466,518;
materials, etc., §1,500 ; cash and current assets, $1,571— total, $469,589.
POOR'S MANUAL OF RAILROADS. 427
Directors.— H. W. Carey, Richard G. Peters, Eastlake, Mich.; Geo. M. Burr, A. J. Dove), Manistee, Mich.;
W. H. Anderson, Grand Rapids, Mich. OFFICERS : RICHARD G. PETERS, Pres. & Gen. Mgr., Eastlake, Mich.;
W. 11. Anderson, Vice-Pres., Grand Rapids, Mich.; Henry W. Carey, Sec., Treas. & Asst. Gen. Mgr., Eastlake,
Mich. (iK.NKHAL OFFICE, Eastlake, Mich.
MANISTEE AND NORTHEASTERN RR.— Main Line : Manistee to Traverse City, Mich., 70.76
m.' brunches: Ouekama June, to Onekama, Mich., 2.71 m.; Manistee to Manistee Harbor Novelty Works,
Mich., 2. 18 in. ; Solon to Cedar City, 3.85 m. ; Maple Grove to B. & D. Camps, 4 m. ; Sherman's Mill to Empire Jc.,
ItiSJ m.; Copemish to Betsey River, 8 m.— total, 108.34 m.; total track (steel; 56 and 63 Ibs.). 138.34 miles.
1 ft. Hi in. Chartered Jan. 7,1887; main line opened in sections between Jan. 14, 1889, and July 1, 1892;
branches opened at various dates. Locomotives, 10. Cars— passenger, 8; baggage, etc., 1; freight (box, 11;
flat, 3^1; coal, 10), 342; service, 6— total cars, 357.
Operations, year ending Dec. 31, 1901.— Trains run (passenger, 98,944; freight, 99,886; mixed, 30,530);
329,360 miles. Passengers carried, 116,820; carried one mile, 2,594,826. Tons freight moved, 468,812; ton-miles,
15451,290. Earnings (passenger, $59,436; freight, $266,058; other, $9,177), $334,671. Operating expenses, $167,-
086. Net earnings, $107,586. Paid interest on debt, $73,103; taxes, $9,326— total, $82,429. Surplus, $85,156;
deficit forward, $00,018; net surplus, $25,143.
'General Balance Sheet, Dec. 31, 1901. -Capital stock paid in ($2,000,000 anth.; $100 shares), $525.766 ;
unfunded debt, $1,50(1,444; current liabilities, $33,893; profit and loss, $25,143— total, $2.090,446. Contra: Cost
of road and equipment, $2,023,278; securities owned, $6,000; materials, etc., $16,963; cash and current assets,
$44,205— total, $2,090,446.
Directors.— Edward Buckley, Wm. Douglas, Charles G. Wilson, Albert Wilson, T. J. Elton, Manietee,
Mich. OFFICERS: EDWARD BUCKLEY. Pres., Treas. <& Gen. Mgr.; William Douglas, Vice-Pres., Sec. & Gen.
Supt.; P. R. L. Carl, Aied., Manistee, Mich. GENERAL OFFICE, Manistee, Mich.
MANISTIQTJE, MARQJJETTE AND NORTHERN RY. -Manistique to Shingleton, Mich.,
40 m.; Scott's Camp to McNeil's, 13 m.; spurs, 6 m.— total, 59 miles. Gauge, 4 ft. 8$ in. Rail (steel) 40
and 60 Ibs. Chartered in April, 1902, and purchased the Manistique and Northwestern Ry., taking possession
thereof on May 1, 1902. The M. & N. W. Ry. Co. was chartered April 25, 1891 ; road opened, 36 miles, Aug. 2,
1897 ; from Manistique to Shingleton, Jan. 2, 1899; branch and spurs added during the years 1898 and 1900. This
road connects the M., St. P. & S. S. M. Ry. and D., S. S. & A. Ry. Locomotives, 6. Cars— passenger, 2; freight,
27 : logging, 198— total cars, 227.
Financial Statement, May 31, 1902.— Capital stock authorized, $2,000,000; amount paid in, not reported.
Funded debt : $600,000 ($1,500,000 authorized) 1st gold 50-yr. 5s of May 1, 1952, interest May and Nov. Cost of
road and equipment, $2,600,000. Trustee of bonds : Union Trust Co., Detroit, Mich.
Directors.— R. R. Metheany, D. W. Kaufman, Grand Rapids, Mich.; B. B. Metheany, Manistique, Mich.;
N. M. Kaufman, S. R. Kaufman. Marquette, Mich. OFFICERS: R. R. METIIEANT, Pres.; D. W. Kaufman, Vice-
Prf.«. ((•• Treas., Grand Rapids, Mich.; B. B. Metheany, Sec. & Gen. Mgr., Manistique, Mich. GENERAL OFFICE,
Grand Rapids, Mich.
MANISTIQUE RY.— Grand Marais to Germfask, 39.50 m.; logging branches, 25 m.— total, 46.50 m.;
total track (steel ; 56 Ibs.), 77 miles. Gauge, 4 ft. 8j in. Chartered Sept. 18, 1886 ; amended Oct. 21, 1889 ; first
opened Oct. 20. 1886 ; as above in Oct., 1893. Locomotives, 4. Cars— combination, 1 ; freight (box, 5 ; flat, 93 ;
log, 40), 138 ; caboose, 3— total, 142.
Operations, year ending Dec. 31, 1901.^-Trains run (freight, 39,200; mixed, 25,666), 64,866 miles. Pas-
sengers carried, 13.130; carried one mile, 275,730. Tons freight moved, 140,799; ton-miles, 2,305,131. Earnings
(passenger, $10,733; freight, $78,311; other, $1,757), $90,801. Operating expenses, $70,896. Net earnings,
$19 90.")- other receipts, $4,301- total, $24,206. Payments : Interest on bonds, $3,300; taxes, $2,569— total, $5,869.
Surplus, $18,337; surplus forward, $293,987— total, $312,324.
del
" Directors.— R.' A. Alger, J. C. McCaul, G. H. Stalker, Detroit, Mich.; John Millen, Duluth, Minn.; L. A.
Hall, Bay Mills, Mich. OFFICERS : R. A. ALGER, Pres., Detroit, Mich.; Lewis A. Hall, Vice-Pres., Bay Mills,
Mich.; J. C. McCaul, Treas. & Sec.; G. H. Stalker, Aud., Detroit, Mich. GENERAL OFFICE, Detroit, Mien. '
MARIETTA, COLTTMBTJ S AND CLEVELAND RR.— Moore's June. toPalos, O., 41.09m.; Stew-
art June, to Stewart, O., 4.68 m.; Sharpsburg June, to Sharpsburg, O.,2.75 m.; Lathrop mines, 0.98 m.— total,
49.5 miles. Trackage: B. & O. S.W. Ry., Marietta to Moore's June., O.,3.20miles. Sidings. 6.31 miles. Gauge, 4
ft. 8i in. Rail (steel), 63 Ibs. Successor, on Nov. 1, 1900, to the Toledo and Ohio Central Extension RR. Co.,
whose property was sold under foreclosure Oct. 15, 1900 (see MAN UAL for 1900, page 339). Locomotives, 4. Cars, 48.
Operations, year ending June 30, 1901.— Trains run (passenger, 37,688 ; mixed, 21,152; other, 7,350),
66.190 miles. Passengers carried, 41,970; carried one mile, 671,394. Tons freight moved, 87,081; ton-miles,
1,726.016. Earnings (passenger, $20.848 ; freight, $26,089 ; other, $1.877), $48,814. Operating expenses, $55,460.
Deficit from operations, $6,616. Charges : Interest on funded debt accrued, $8,333; taxes, $1,404; permanent
Improvements, $1,605 : other deductions, $1,252— total, $12,594. Deficit for year, $19,240; less additions during
year, ?:8,333 ; net deficit, $10,907.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares) $250,000 ; funded debt (1st 5s of 1940),
$2.">0.i H)0; current liabilities, $17,028— total, $517,028. Contra: Cost of road and equipment, $489,696; lands
owned $5,000; materials, $5.304 : cash and current assets, $6,121 ; profit and loss, $10,907— total, $517,028.
Directors.— W. W. Mills, F. L. Alexander, Marietta, O. ; F. A. Durban, Zanesville, O. ; H. A. Clark,
Elizabeth, N. J. ; H. H. Isham, New York, N. Y. OFFICERS: H. H. ISIIAM, Pres., New York, N. Y. ; H. A. Clare,
Vice-Pres., Gen. Mgr. & Treas., • F. L.Alexander, Sec. & Aud., Marietta, O. GENERAL OFFICE, Marietta, O.
MARINETTE TOMAHAWK AND WESTERN RY.— Tomahawk to Harrison, Wis., 14.3m.,
Tomahawk to Tomahawk June., Wis., 5.5 m. ; Jersey C'ity to Spirit Falls, 13.5 m.— total, 33.3 miles. Gauge, 4 ft. 8J
in Rail— iron 45 Ibs • steel (17.8 m.), 56 Ibs. Chartered Oct. 4, 1894 ; road completed Nov. 27, 1895 ; Wis-
consin and Chippewa Ry. purchased June 30, 1898. (See MANUAL for 1899, page 383.) Locomotives, 6. Cars-
passenger. 2: combination, 2: freight (flat), 10; caboose, 1; other, 49 -total, 64.
Operations year ending June 30, 1901.— Earnings (passenger, $7,040; freight, $32,602; other, $745),
$40.3S7. Operating expenses, $43.016; taxes, $175- total, $43,191. Deficit, $2,804.
General Balance Sheet, June 30, 1900 (latest rendered). -Capital stock paid in ($1,000,000 auth. ; $100
Shares'!, §161.500- current liabilities. $4.162: other liabilities, $261,740: profit and loss, $4.006— total, $431,408.
Contra: Tost of road and equipment, $427.551 : cash and current assets. £3.857— total, $431.408.
Directors —William H. Bradley, W. G. Collins. Frank G. Stark, William T. Bradley, Tomahawk, Wis. ; Jas.
W. Bradley. Milwaukee, Wis. OFFICKRS : WILLIAM H. BRADLEY, Pres.: W. O. Collins, Vice-Pres. & Gen. Mgr.;
Frank G. Stark, Sec., Treas. & Aud., Tomahawk, Wis. GENERAL OFFICE, Tomahawk, Wis.
428 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
MASON AND OCEANA RR.— Buttersville to Goodrich, Mich., 32m.; Lake to Colfax, 3m. -total,
30m; total track (steel; 30 I ba.), 86 mile*. Gauge, 3ft. Chartered Aug. 9, 1886 ; road opened to Stetson Jan.
20,1888; extension to Goodrich July 1, 1901. Locomotives, 5. Care— passenger, 1; baggage, etc., 1; freight (box,
10 ; flat, 60 ; logging, 160), 230— total, 232.
senger
senger,
General Balance Sheet, Dec. 31, 1961.— Capital slock ($100 "shares')!' $200,000. Contra : Cost 'of road,
$147,000 ; equipment, $50,000 ; materials, etc., $3,000- total, 8200,000.
Directors (elected Jan. 13. 1902).— M. F. Butters, H. U. Butters, G. N. Stray, J. II. Lyons, Robert Arnott,
Ludington. Mich. OFFICERS : M. F. BUTTERS, Pres. & Sec. ; G. N. Stray, Vtce-Pres. ; H. U. Butters, Trtas., Lud-
ington, Mich. GENERAL OFFICE, Ludington, Mich.
MIDDLETOWN AND CINCINNATI RR.— Middletown to Middletown June.. O.. 13.95 m.;
total track (steel ; 60 IDS.), 18.70 miles. Gauge, 4 ft. 8£ in. Reorganization. Dec. 27, 1894, of the M. & C. i;
Locomotives, 3. Cars— passenger, 2 ; baggage, etc., 1 ; freight (flat), 7— total, 10.
Operations, year ending June 30, 1901. — Trains run (passenger, 4,695; mixed, 82,865 ; other. 1S.720),
56,280 miles. Passengers carried, 15,251 ; carried one mile, 152,510. Tons freight moved, S3.ot;o ; ton-miles.
1,003,992. Earnings (passenger, $4,99;! ; freight. $36.044; other. $4,015), $45,651. Operating expe
Net earning?, $12,617 ; other receipts, $5.238— total. $17,855. Payments: Interest on bonds, $7,000 ; taxt-:-.
—total, $9,100. Surplus, $8,749; surplus forward, $26,579— total, 835.:;.'S.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $200,000; funded debt (1st 5s of
1909), $140,000 ; current liabilities, $11,086 ; profit and loss, $35,328 -total, $386.414. Contra : Cost of road and
equipment, $380,603 ; materials, etc., £3,041 : cash and current assets, $2.171— total, £380,414.
Directors.— Paul J. Sorg, Paul A. Sorg, John Aner, W. L. Dcchant, Middletown, O.; Prank H. Ray,
New York, N. Y. OFFICERS : I>AUL J. SORG, Pres.; W. L. Dechant, Sec.; J. L. Roney, Treat. & And., Middle-
town, O. GENERAL OFFICE, Middletown, O.
MILWAUKEE, BENTON HARBOR AND COLUMBUS RY.— Projected : Benton Harbor,
Mich., to Napanee, Ind., 63 miles. Completed : Benton Harbor, Mich., to Buchanan, Mich., 20. S6 m.; total track
(steel; 67 IDS.), 2S.47 miles. Gauge, 4ft. KJ- in. Chartered Aug. 10, 1S97, and succeeded to ihe franchise and pi
of the St. Joseph Valley and the Benton Harbor and Southeastern Ry. Cos. (See MANUAL for 189"). IKIL:
Locomotives, 2. Cars— passenger, 2 ; baggage, etc., 2 ; freight (box, 11 ; flat, 20), 31 ; caboose. 1 — total. 30.
Operations, year ending Dec. 31, 1900.— Earnings (passenger, $12,360; freight, $14,016; other, $1,524;
$27,900. Operating expenses, $26,258. Net earnings, $1,042.
General Balance Sheet, Dec. 31, 1900.— Capital stock paid in ($900,000 anth.; $100 shares
funded debt (1st 5s of Sept. 1, 1947), $405,000 ; notes payable, $50.223 ; current liabilities. £37.061 ; defem
ments on real estate. $5.038— total, $767.322. Contra: Cost of road and equipment, £702,245; materials, etc.,
$959; cash and current assets. $19,555 ; profit and loss, $44.563— total. $767,322.
Directors.— A. A. Patterson, Jr., I). H. Patterson, Geo. E. Van Hagen. P. J. Cunneen. E. Maher, Benton
Harbor, Mich.; F. McOmber. Berrien Springs, Mich.; F. M. Steele, Chicago. 111. OFFICERS : A. A. PATT>
JR., Pres. & Gen. Mgr.; D. H. Patterson, Vice-Fres. & Supt.; P. J. Cunneen, Treat.; Geo. E. Van Hage:
Benton Harbor, Mich. GENERAL OFFICE, Benton Harbor, Mich.
MINERAL RANGE RR.— Honghton to Calumet, Mick., 14.17 m.; Keweenaw Bay to Riddle June.,
Mich., 35.56 m. ; Arcadian June, to Grosse Point, Mich., 9.47 m.; Franklin June, to Q.nincy Mine, 2.20m.; Boston
to Franklin Junior Mine, 0.64 m.; Arcadian Y to Arcadian Mine, 2 m.; Peppard to Evergreen, 1.81 m.— total,
C5.85 miles. Leased : Hancock and Calumet (see below), 34.52 miles. Trackage : D.. S. S. & A. Ry., Honghton
to Keweenaw Bay, Mich., 19.36 m.; T. O. Min'g Co., main line to Cooks Camp, 1.98 in.; East or. to end of
track, 2.47m.; M. Min'g Co., main line to Mohawk Mine, 0.02 m.; A. Min'g Co.. main line to Allouez Stamp
Mill, 2.15m.— total, 26.58 miles. Sidings, etc., 21. 22 miles. Gauge. 4 ft. 8J in. Rail- iron, 50 Ibs.; steel (74.49m.),
56, 60, and 70 Ibs. (For history, see MANUAL for 1893.) The branch from Arcadian June, to Arcadian Mine was
opened Oct. 20,1898 : and that from Arcadian Mine to Grosse Point, July 28, 1899; and the extension from
Keweenaw Bay to Riddle June, was opened Dec. 23, 1900. Locomotives, 5. Cars— passenger. 11 ; baggage, etc.,
2 ; freight (box, 60 ; flat, 214. ; coal, 66 ; ore, 389), 729 ; service, 13— total, 755. Of this equipment 5 locomotives,
2 passenger, 60 box, 114 flat, 66 coal, 214 ore, and 6 service cars are leased.
Operations, year ending Dec. 31, 1901.— Trains run (passenger, 124,494 ; freight, 173,457 ; other, 116,909),
414,950 miies. Passengers carried, 220,709; carried one mile, 2,444,350. Tons freight moved. 1.938,212; ton-miles,
19,092,078. Earnings (passenger. $80,118 ; freight, $381,820 ; other, $5,001). $406.939. Operating expenses, £4-,'3,-
833. Net earnings, $43,056 ; other receipts, $5,174— total, $48,230. Payments : Interest on bonds. $5(.».20"> ;
other interest, $2,360 ; taxes, $12,369— total, §73,934. Deficit, $25,703. Surplus forward, £253,841. Net surplus.
$228,138.
General Balance Sheet, Dec. 31, 1901.— Capital stock ($800,000 auth.: $100 shares) paid in. $743,400;
funded debt, $1,936,100 ; current liabilities, $161,110 ; profit and loss, $228,138— total, S3.06S.T48. Contra: Cost of
road and equipment, $2,074,998; securities owned, $778,981; materials, etc., $54,424; cash and current assets, £160,-
345— total, $3,068,748.
Funded Debt.— The funded debt on Dec. 31, 1901, consisted of the following issues (additional particulars
will be found in the Ready Reference Bond List— see GENERAL INDEX): $6.000 main line 1st 8s of June 1. 1888 ;
$5,100 main line gen. 4s of Jan. 1, 1937 : $600,000 consols of Jan. 1, 193i ($346,000 of them 5s and $-254. i
$1,000,000 gen. 4s of Jan. 1, 1951 ; and $325,000 H. & C. RR. consol. 5s of Jan. 1, 1931. The four issues first named
are secured on the property of the Mineral Range RR. Co. ; the Hancock and Calumet bonds are secured on that
road (see appended statement).
HANCOCK AND CALUMET RR.— Hancock to
end of track. Mich., 26.74 m. ; Junction to Lake
Linden, 2.51 m. ; Tamarack Mine to North Tamarack
Mine, 1.87 m. ; main line to Tamarack Junior. 0.66
m. ; main line to Kearsarge, 0.65 m.; main line to
Dollar Bay Dock, 0.75 m. ; mnin line to Union Coal
Dock, Dollar Bay, 0.75 m.; main line to Wolverine
Mine, 0.59 m. — total. 34.52 m.; total track owned
(steel; 60 Ins.), 49.57 miles. Chartered Jan. 14,
1885. Railroad completed Oct. 28, 1891; main line
extended 2. 62 miles in 1899; gauge broadened to the
standard in liiol. The road is leased t>. the Mineral
Range RK., the lease bi'eoiniiiff effective on June 1.
1901, and the lessee acquiring all the assets and
assuming all the liabilities of this company. Capital
stock ($100 shares). $350.000. Fund-d del.t ($400.000
auth.). $325.000. Cost of road, $742.:i20; oust of
equipment, $212,215. The bonds are assumed by the
lessee.
Directors, M. R. RR. Co. (elected Sept. 19, 1901).— William F. Fitch, E. W. Allen. Chas. H. Schaffer, Jas. E.
Jopling, Marquette, Mich.; William E. Parnall, W. E. Parnall, Jr., J. T. Reeder, Calumet. Mich. OPFICKRS:
W. F. FITCH, Pres. & Gen. Mr/r., Marqnette, Mich.; W. E. Parnall. n<v-/)7v.«.. Calumet. Mich.; E. W. Allen,
Tr'os.; A. E. Miller, Sec., Marqnette, >fich.; Geo. H. Church, Asst. Sec. & Asst. Treat.. 44 Wall St., New York,
N. Y. GENERAL OFFICE, Marquette, Mich.
POOR'S MANUAL OF RAILROADS. 429
MTJNISING BY.— Mnnisimj to Little Lake. Mich., 38 m.; Stillman to Acker. 6.5m.; Vail to Acker Mill,
>Yt earnings, $16r879. Payments : 'interest on bonds, $6,625 ; interesl. on floating debt, $36,041 ; taxes, $1,443
lot ai, $44,110. Deficit, $27,231. Surplus forward, $36,343, less $4,603 deductions during the year. Netsurplus,
' General Balance Sheet, Bee. 31, 1901.— Capital stock ($100 shares) paid in, $870,000 : funded debt (1st
48 of Oct. 1, 1SBJ6), §160,000 ; bills payable, $376,728 ; current liabilities, $19.455 ; interest and taxes accrued, not
duo, £1,106; other liabilities, $119,428; profit and loss, $4,509— total, $1,554,526. Contra: Cost of road and
equipment, $61 6,942 : securities owned, $4,000; other investments, §832,271 ; materials, etc., $16,463; cash and
current assets, $10,861 ; other assets, $73.989— total, $1,554.526.
Directors.— Wm. G. Mather, J. H. Hoyt, Samuel Mather, Cleveland, O.; J. H. Wade, New York, N. Y.;
K. K. Perkins, Willonghby, O. OFFICERS: WM. G. MATHER, Pres. £ Treas., Cleveland, O.; E. K. Perkins,
Yes., Willoughby, O.; R. C. Mann, Sec., Cleveland, O. GENERAL OFFICE, Marquette, Mich.
NORTHWESTERN COAL RY.-Allouez Bay, Wis., to Morrisets June., 2.53 m.; 2d track, 5.47 m.;
total track (steel; 60 Ibs.), 8 miles. Gauge, 4 ft. 8J in. Chartered Dec. 9, 1892. Locomotives, 2. Car (caboose). 1 .
Operations, year ending Dec. 31, 1901.— Tons freight moved, 364,828 ; ton-miles, 611,021. Gross traffic
earnings, $23,965- Operating expenses, $18,812. Net earnings, $5,153. Paid interest on bonds, $11,000. Deficit,
s" ^ i ;
General Balance Sheet, Dec. 31, 1901.— Capital stock ($100 shares), $1,000,000; funded debt (1st ,f s of
May 1, 1923), $220,000; current liabilities, $12,087: interest accrued, $1,833— total, $1,233,920. Contra : Cost of road
and equipment, $233,815; other permanent investment, $973,888; cash and current assets, $20,370 ; profit and loss,
$5,847— total, Sl.228.767.
Directors.— Francis L. Bobbins, J. D. Nicholson, A. M. Neeper, Pittsburgh, Pa.; C. E. Wales, Minne-
apolis, Minn.; M. H. Taylor, Erie, Pa.; A. W. Horton, Cleveland, O.; H. H. Grace, West Superior, Wis.
OFFICERS : FRANCIS L. ROBBINS, Pres., Pittsburgh, Pa.; A. W. Horton, !,«< Vice-Pres. & Gen. Mgr., Cleve-
land, p.; H. H. Grace, Vice-Pres., C. P. White, Sec. & Treas., West Superior, Wis. PRINCIPAL OFFICE, West
Superior, Wis.
NORTHERN INDIANA RR.— In Hammond, Ind., 10 miles. Gauge, 4 ft. 8* in. Rail (steel), 60 Ibs,
Locomotive, 1. Chartered Sept. 88, 1893. Operates between the plant of the G. H. Hammond Co., Hammond.
Ind.. and the Michigan Central, Chicago, Indianapolis and Louisville, Chicago and Erie, New York, Chicago and
St. Louis, Wabash, Chicago Terminal Transfer RR., and Chicago Junction RRs. Capital stock, $70,000.
Directors.— J. P. Lyman, K. H. Bell, Hammond, Ind.; Edwin Chapman, Boston, Mass.; W. P. Jenkins,
Jas. F. Meagher, Chicago, 111.; J. C. Melvin, Boston, Mass.; J. D. Standub-, Detroit, Mich. OFFICERS : J. P.
LYMAN, Pres., Hammond, Ind.; Edwin Chapman, Vice-Pres., Boston, Mass.; J. A. Ostrom, Sec. & Treas. ; K. H.
Bell, Gen. Mgr.; W. P. Jenkins, Traffic Mgr., Hammond, Ind. GENERAL OFFICE, Hammond, Ind.
OBERLIN AND LA GRANGE RY.— Oberlin, O., to Nickel Plate, O., 4 m.; total track (steel ; 50
Ibs.), 5 miles. Gauge, 4 ft. 8£ in. Chartered Oct. 20, 1883 ; road opened April 12, 1884. Operated by the L. S. &
M. S. Ry. Co. for account of the Cleveland Stone Co., Cleveland, O. Capital stock, $25,000.
Directors.— George H. Worthington, J. V. Painter, E. A. Merritt, J. R. Miller, C. W. McCormick, Cleve-
land. O. OFFICERS : GEORGE H. WORTHINGTON, Pres.; J. V. Painter, Vice-Pres.; E. A. Merritt, Sec. & Treas.,
Cleveland, O. GENERAL OFFICE, Cleveland, O.
OSHKOSH TRANSPORTATION CO.— In Oshkosh, Wis., 4.28 miles. Gauge, 4 ft. 8J in. Rail
(steel), 65 Ibs. Used by Chit-ago and Northwestern Ry. Co., under switching contract.
Operations, year ending June 30, 1901.— Gross earnings, $9,023. Operating expenses, $3,022. Net earn-
ings, $6,001. Paid dividends, $5,400. Surplus, $601. Capitafstock ($100 shares), representing cost, etc., $70,000.
Directors.— Howard Morris, E. B. Greenleaf, T. H. Gill. OFFICERS : HOWARD MORRIS, Pres. & Treas.;
E. B. Greenleaf, Sec., Milwaukee, Wis. GENERAL OFFICE, Milwaukee, Wis.
PAWNEE RR.— Pawnee to Auburn, 111., 9 m.; total track, 9.5 miles. Rail (steel, 9 m.), 60 Ibs. Gauge,
4 ft. Hi in. Organized Dec. 20 and chartered Dec. 25, 1888; road completed in 1889. Locomotives, 2. Cars—
passenger, 1 ; freight (coal), 5— total, 6. Capital stock ($100 shares), $50,000.
Operations, year ending June 30, 1901.— Trains run (passenger, 6,154; freight, 10,894), 17,048 miles. Pas-
sengers carried, 13,530 ; carried one mile, 108,240. Tons freight moved, 237,687. Earnings (passenger, $3,740;
freight, $10,470), $14,210. Operating expenses, $12,732. Net earnings, $1,478.
' ' ' "" """ ~r - ' ----'- or other liabili-
OFFICEBS:
MORGAN JoNEs,>ra*.,-=Hngh White, Treas.; E. R'.'Lightcap, Sec.; E. W. Clifford, Sitpt. & And., Pawnee, 111.
GENERAL OFFICE, Pawnee, 111.
PEORIA AND PEKIN TERMINAL RY.— Peoria to Pekin, 111., 10m. ; Pekin to Crescent, 111.,
1.5 m. ; leased, Peoria Terminal RR., Iowa June, to Eaton St., Peoria, 9 m. ; trackage, Central RR. of Peoria,
city limits of Peoria to center of city, 5 m.— total, 25.5 m. ; 2d track, 4 m. ; total track (steel ; 70 Ibs.), 29.5 miles.
Gauge, 4 ft. 8^ in. The Peoria Traction Co. was chartered Aug. 26, 1897, the charter to endure for 50 years and
the company to have the right to build and operate a terminal system in and between Peoria and Pekin, 111.
Municipal franchises for 30 years were granted to the company on Oct. 15, 1898. The present corporate title was
adopted in May, 1899. Due to delay in getting Illinois River Bridge completed, road was not ready for business
until May 1, 1900. The Peoria Terminal RR. is leased for 50 years from Dec., 1897. Locomotives, 6. Cars— pas-
senger, 5 ; baggage, mail, and express, 5 ; freight (box, 3 ; coal, 50), 53 : other, 3— total, 66. Electric cars— motor,
5; trail, 10— total, 15. The electric equipment is used for local passenger business; steam for freight and through
passenger business.
Operations, year ending June 30, 1901.— Gross earnings (passenger, $54,120; freight, $6,887; other, $12,733),
$73,740. Operating expenses, $74,956 ; other deductions, $52,340— total, $127,296. Deficit, $53,556.
Financial Statement, June SO, 1901.— Capital stock paid in ($700,000 auth. ; $100 shares), $650,000.
Funded debt outstanding (1st 5s of Jan. 1, 1930 ; $700,000 auth.), $600,000.
Directors (elected Jan 21, 1902). -W. II. Trumbull, Salem, Mass. ; P. L. Saltonstall. Boston, Mass. ; L. E.
Myers, Chicago, 111.; W. T. Irwin, T. J. Miller, Benj. Warren, Jr., Peoria. 111.; E. W. Wilson, Pekin, 111.
OFFICERS: T. J. MILLER. Pres., Peoria, 111.; W. H. Trumbull, Vice-Pres., Salem, Mass.; P. L. Saltonstall, Treas.,
Boston, Mass.; L. E. Myers, Sec. & Gen. Mgr., Chicago, 111.; G. W. Talbot, Traf. Mm: ; R. M. Hardin, And. ;
N. C. Draper, Supt.; A. Lagron, Chief Eng., Peoria, 111. GENERAL OFFICE, Peoria, 111.
PEORIA AND PEKIN UNION RY.— Pekin, 111., to Peoria, 111., 10.14m.; Peoria, 111., to Hollis.
111. ,8m.— total, 18.14 miles. 2u track, 8.8m.; sidings, 51. 63 miles. Gauge, 4 ft. 8i in. Rail (steel), 67 and 70 Ibs,
430 POOR'S MANUAL OF RAILROADS — CENTRAL NORTHERN GROUP.
Chartered Sept. 1, 1880 ; road opened Feb. 1, 1881. The Peoria and Springfield RR. and that part of the Peoria,
Pekin and Jacksonville Ry., extending between Peoria and Pekin were acquired by purchase. Locomotives, 18.
Cars— passenger, 3 ; combination, 1 ; freight (box, 6 ; flat, 1 ; coal, 220), 227 ; caboose, 1— total, 232.
Operations, year ending June 30, 1901.— Trainsrun (passenger, 49,311 : freight. 31, 3.84), 83,695 miles. Tons
freight moved, 223,624. Earnings (passenger, $12.881 ; freight, $55,360 : other, $660,940), $729,181. Operating
expenses, $409,911. Net earnings, $319,270. Payments : Interest on bonds, $157,155 ; taxes, $37,050 : dividends
(6 p. c.), $60,000; other charges, $35,977— total, $290,182. Surplus, $29,088; surplus forward, $142,606— total,
$171,694.
Capital stock, bonded debt, income, etc., for seven years (1894-96, 1898-1901) ending June 30, and one year
(1897) ending Dec. 31 :
Gross Expen- Net
Earn-
ings.
Years.
1894...
Capital
Stock.
S
.. 1,000,000
Bonded
Debt.
$
2,994,000
Cost and
Invest-
ments.
$
4,350,987
RR.
Oper-
ated.
Miles.
18 01
1895
.. 1,000,000
2,994,000
4,393,659
18.14
1896
.. 1,000,000
2,994,000
4,419,224
18.14
1897
.. 1,000,000
2,994,000
4,420,724
18.14
1898
. 1,000,000
2,994,000
4,420,724
18.14
1899 . ..
.. 1,000.000
2,994,000
4,420,724
18.14
1900
.. 1,000,000
2,994,000
4,419,224
18.14
1901...
.. 1,000.000
2,994,000
4,419,224
18.14
Net Interest
Diri-
Balance
Kps'nnH Warn i^el' luieresu Hpnrla Da'a'lu^
ingT." Inc°me- Charges. d^8 (+ or-).
212
278
,068
030
157,155
157,155
157,155
157,155
157,155
157,155
157,155
60,000
60,000
60,000
60,000
60,000
60,000
+ 54,918
— 29,553
+ 29,088
Taxes, ings
5 - $ $
593,262 370,482 222,780
604,558 392,490 212,068
671,935 393,905 278,030
642,803 359,006 283,797
686,848 370,878 315,970
736,009 400,376 £35,633
770.369 450,007 320,362
729,181 446,961 282,220
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $1,000,000 ; funded debt $2,904,000;
betterments, $425,224 ; current liabilities, $60,840 ; interest accrued, not due, $26,193 ; profit and lo-
toial, $4,677,951. Contra: Cost of road and equipment, $4,419,224; materials, etc., $32,046 ; cash and current
assets, $226,681— total, $4,677,951.
The capital stock is held by the following companies : Toledo, Peoria and Western Ry. Co.. 1.500 shares ;
Illinois Central RR. Co., Peoria and Eastern Ry. Co., and Chicago, Peoria and St. Louis Ry. Co. of Illinois, each
2,500 shares ; and the Lake Erie and Western RR. Co., 1,000 shares. Each of these companies pays, in addition to
terminal charges for handling its business and cars at Peoria, a yearly rental of $22,500 for use of this company's
tracks. Sufficient of this rental is pledged to payment of interest on the 1st mtge. bonds. An annual rental of
$22,500 is also paid by the Terre Haute and Indianapolis RR. Co., and Chicago and Alton RR. Co., besides the
usual terminal charges for handling their business in Peoria.
Funded debt, June 30, 1901, consisted of $1,495,000 1st gold 6s of Feb. 1, 1921, and $1,499,000 2d gold 4Js of
Feb. 1,1921.
Directors (as constituted Oct. 31, 1901).— Term expires March, 1902 : C. E. Schaff, Cincinnati, O.; J. C.
Welling, Chicago, 111.; Bluford Wilson, Springfield, 111.: E. N. Armstrong, Peoria, 111. Term expires March,
1903 : J. A. Barnard, Indianapolis, Ind.; E. O. Hopkins, Birmingham, Ala.; Curtiss Millard, Springfield, 111.: J.
B. Cockrum, Indianapolis, Ind. Term expires March, 1904 : E. F. Osborn, Cincinnati, O.; J. T. Harahan. Chi-
cago, 111.; C. E. Kimball, New York, N. Y. ; E. F. Leonard, Peoria. 111. OFFICERS : J. A. BARNARD, Pres.;
E. N. Armstrong, Vice-Pres.; F. L. Tompkins, Gen. Supt.; H. K. Pinkney, Sec. <& And.; J. F. Keifer, Treag.,
Peoria, 111. GENERAL OFFICE, Peoria, 111.
PEORIA AND SPRINGFIELD RY.— Projected : Peoria to Springfield, 111., 65 miles of main track
and 10 miles of terminal and side tracks. Gau^e, 4 ft. 8^ in. Rail (steel), 70 Ibs. Organized May 1, 1901, under
the laws of Illinois, to acquire a railroad as above. On July 1, 1901, the company purchased the property and
franchise rights of the Peoria and St. Louis Ry. Co., including terminal options, and is now constructing the
road. The object of the enterprise is to supply railroad facilities for marketing the coal of the Sweetwater coal
fields. The purchase of the Peoria and St. Louis Ry. secured to this company 3 miles of finished road, a large
amount of right of way, grading, and materials (see MANUAL for 1901, page 1506).
Financial Statement, Dec. 31, 1901.— Capital stock authorized and subscribed ($1,000,000 common and
$1,000,000 preferred; §100 shares), $2,000,000. Funded debt outstanding, §160,000 ($1,500,000 auth.) 1st 50-yr. 5s due
July 1, 1951, secured on the entire property of the company. The proceeds will be used to build the road, including
terminals at South Peoria and a steel drawbridge over the Illinois River at Pekin, and to purchase the following
equipment : 4 locomotives, 300 coal cars, 30 box cars, 3 passenger coaches, and 2 caboose cars. Provision has
been made for an issue of $950,000 6 p. c. collateral trust notes, payable in one year, $500,000 of which have been
subscribed. The $60,000 1st mtge. 5 p. c. bonds of the Peoria and St. Louis Ry. Co., maturing in 1936, have been
assumed, and $60,000 of this company's bonds are deposited with Cummings & Co., 20 Broad St., New York, to
provide for their retirement. Fiscal Agents: Cummings & Co., New York.
Directors.— D. L. Wing, Raymond C. Wing, Peoria, 111.; Turney English, Springfield, 111.; T. C. Delavan,
New York, N. Y.; J. B. Connolly, Philadelphia, Pa. OFFICERS: D. L. WING, Pres. ; Truman F. Miller, Sec.,
Peoria, 111. GENERAL OFFICE, Peoria, 111.
PITTSBURGH, LISBON AND WESTERN RY.-New Galilee, Pa., to Lisbon, O., 25 m.; track-
age : ( Coal RR.), Cannelton June., Pa., to Sterling Mines. Pa.. 3 m.— total, 28 miles. Gauge, 4 ft. 8| in. Rail (steel),
60 Ibs. Chartered May 1, 1896, as successor to the Pittsburgh, Marion and Chicago Ry. Co. (See MANUAL for
1895, page 160.) Locomotives, 4. Cars— passenger, 1 ; baggage, etc., 1 ; freight (flat, 3 ; coal, 32), 35 ; service, 3
—total, 40.
Operations, year ending June 30, 1901.— Trains run (passenger, 32.000 ; freight, 22,500), 54,500 miles.
Passengers carried, 42,700 ; carried one mile, 512,400. Tons freight moved, 217,000 ; ton-miles, 3,906,000. Earn-
ings (passenger, $11,917 ; freight, $48,695 ; other, $2,481), $63,093. Operating expenses, $44,229. Net earnings,
$18,864 ; other receipts, $2,192— total, $21,056. Payments : Interest on bonds, $7,500 ; taxes, $1,955— total, $9,455.
Surplus, $11,601 ; surplus forward, $21,411— total, $&3,012.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($200,000 auth.; $50 shares), $150,000;
funded debt 1st 5s of July 1, 1926), $150,000 ; current liabilities, $9,735 ; profit and loss, $33,012— total, $342,747.
Contra : Cost of road and equipment, $307,275 ; cash and current assets, $35,472— total, $342,747.
Directors.— John Slade, W. S. Alley, J. I. Kernaglian, H. R. Wilson, New York, N. Y.; N. B. Billingsley,
K. E. Baringer, R. W. Tayler, Lisbon, O.; W. H. Warner, Webb C. Hayes, Cleveland, O. OFFICERS : N. S. BIL-
LINGSLEY, Pres., Lisbon, O.; John Slade, Vice- Pres.; J. I. Kernaghan, Treag., New York, N. Y.; R. W. Tayler,
Sec.; K. E. Baringer, Gen. Mffr., Lisbon, O. GENERAL OFFICE, Lisbon, O.
PONTIAO, OXFORD AND NORTHERN RR.— Pontiac, Mich., to Caseville, Mich., 100.59 m.;
total track (steel ; 56 Ibs.), 109.35 miles. Gauge, 4ft. 8J in. Successor to Pontiac, Oxford and Port Austin RR.
(See MANUAL for 1893, page 978.) Locomotives, 7. Cars— passenger, 7; baggage, etc., 1 ; freight ^box, 46 ;
flat, 61 ; stock, 4), 111 ; other, 2— total cars, 121.
Operations, year ending Dec. 31, 1900.— Trains run (passenger, 64,990 ; freight, 33,851 ; mixed, 77,594). 176,-
435 miles. Passengers carried, 98,662 ; carried one mile, 2,112,463. Tons freight moved, 119,026; ton-miles,
3,929,883. Earnings (passenger, $54,707; freight, $105,318; other, $10,379), $170,404. Operating expenses and
POOR'S MANUAL OF RAILROADS. 431
taxes, $106,439. Net earnings, $64,965. Deduct Interest on bonds, $24,000; dividends (4 p. c.), 840,000— total,
$i;4.t m. Surplus, S%5; surplus forward, $26,522— total, $27,487.
Financial Statement, Dec. 81, 1900.— Capital stock ($100 shares), $1,000,000 ; funded debt (1st 6s of
July 1, ISUti), $400,000 ; unfunded debt, $25,900— total, $1,425,900. Contra : Cost of property $1,021,400.
Directors.— Hugh 1'orter, George W. Debevoise, H. A. O'Brien, S. A. Demorest, New York, N. Y.; A. C.
Baldwin. W. C. Sanford, P. H. Carroll, Pontiac, Mich. OFFICERS : HUGH PORTER, Pres. & Treas.; Geo. W.
Debevoise, Vice-Pres.; H. A. O'Brien, Sec., New York, N. Y.; P. H. Carroll, And., Pontiac, Mich. GENERAL
OFFICE, Pontiac, Mich.
QUINCY, CARROLLTON AND ST. LOUIS RY.-Columbiana to Barnett, 111., 51.5 m. ; track-
ing. ./. <('• .sv. L. Ky., Barnett to Litchfleld, 111., 6.30 m.— total, 57.80 m.; total track (steel; 56 to 59 IbsA 61.55 miles.
. 4 ft. 8^ in. Chartered Feb. 7, 1899, to take over the property of the Litchfleld, Carrollton and Western RR.
>kl under foreclosure of its two mortgages on Nov. 26, 1898. (See MANUAL for 1898, page 135.) Deeds were
filed on June, 1900, conveying the road to Edwin S. Layman. Cars— passenger, 2; baggage, etc., 1; freight (box, 4;
Iht. •_': coal, 18), 24; caboose, 1— total, 28.
Operations, year ending June 30, 1901.— Trains run (mixed), 36.068 miles. Passengers carried, 28,489; car-
ried one mile, 424,045. Tons freight moved. 27,975 ; ton-miles, 574,398. Earnings (passenger, $12.330 ; freight,
$23,431 ; other, $3,466), $39,227 ; other receipts, $330— total, $39,557. Operating expenses, $47,444 ; taxes, $5,039—
total, $52,488. Deficit, $12,926 ; deficit forward, $9,463— total, $22,389.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000; current liabilities, $25,513 ;
accrued liabilities, July 1, 1899, to Jan. 17, 1901, $15,373— total, $540,786. Contra : Cost of road and equipment,
$515,273 ; cash and current assets, $3,125 ; profit and loss, $22,388— total, $540.786.
Directors.— Not reported. Edwin S. Layman, Purchaser, Chicago, 111.; W. M. Corbett, Agt. for Purch.,
Springfield, 111.; F. Carter, Aud., Carlinville, 111. GENERAL OFFICE, Carlinville, 111.
ST. CLAIR, MADISON AND ST. LOUIS BELT RR.-Alton, 111., to West Alton, Mo., 2.80
m. ; total track (steel ; 05 Ibs.), 3.40 miles. Gauge, 4 ft. 8^ in. Chartered in May, 1890 ; road opened in May, 1894.
Receiver appointed Jan. 15, 1897, and discharged June 19, 1901. In April, 1901, reorganized without foreclosure,
per following plan of reorganization dated Jan. 2, 1901 : Issue a 1st mtge. to secure an issue of $800,000 4 p. c. 50-
yr. bonds, dated Jan. 1, 1901, interest Jan. and July, with which to take up the present 1st mtge. of $600,000, with
all arrears of interest at $1,250, in new 4 p. c. bonds for each $1,000 of old bonds, with all past due coupons at-
tached. This will take $750,000 of the proposed issue, leaving 850,000 in bonds. The parties who own the judg-
ment will take nearly the whole amount due them in bonds at par. There will then be left in the treasury, $30,-
000 in bonds for future use as occasion may require. The company leases 1 locomotive and 1 passenger car.
Operations, year ending June 30, 1901.— Earnings (passenger, $13,123 ; freight, $58,719 ; other, $388), $73,-
230. Operating expenses, 844,357 ; taxes, $7,080— total, 851,437. Net earnings, $20,793.
G-eneral Balance Sheet, June 30, 1901.— Capital stock ($2,000,000 auth.; $100 shares), $900,000 ; funded
debt (1st gold 4s of Jan. 1, 1951), $766,000 ; current liabilities, $23,823— total, $1,689,823. Cost of road, $1,500,000.
Cash and current assets, $73,426 ; profit and loss, $80,870— total, $1,654,296.
Directors.— E. F. Leonard, Springfield, 111.; Edwards Whitaker, L. A. Handy, St. Louis, Mo.; F. M. Homer,
East St. Louis, 111.; Wm. Graham, Alton, 111. OFFICERS: JOHN F. BARNARD, Pres., Alton, 111.; Edwards
Whitaker, Vice-Pres.; L. A. Handy, Treas., St. Louis, Mo.; Wm. Graham, Supt., Alton, 111. GENERAL OFFICE,
Alton, 111.
ST. CLAIRSVILLE AND NOBTHEKN BY.-St. Ciairsville to Barton, O., 3.6m.; total track
(steel ; 40 Ibs.), 4.0 miles. Gauge, 4ft. 8i in. Chartered June 17, 1879. Owned by the village of St. Ciairsville,
which issued for its construction $30,000 bonds ($4,000 of which are outstanding), secured by mortgage and by
guaranty of St. Ciairsville village. Road opened Nov. 1, 1881. Leased April 17, 1882, for 30 years, to the St.
Ciairsville Co., which began operating it June 15, 1882. Locomotive, 1. Car (passenger), 1.
Operations, year ending June 30, 1901. — Passengers carried, 35,002 ; carried one mile, 105,006. Tons freight
moved, 100,249. Earnings (passenger, $6,796 ; freight, 82,792), $9,588. Operating expenses, $7,884. Netearnings,
$1,704. Payments : Taxes, $64 ; dividends (8 p. c.), $400— total, $464. Surplus, $1,240; surplus forward, $1,258—
total, $2,498.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $5,000 ; profit and loss, 12,498— total,
$7,498. Contra : Cost of road and equipment, $4,600 ; lands owned, $400 ; cash and current assets, $2,498 — total,
$7,498.
Directors.— A. C. Darrah, C. D. Darrah, John Carlisle, J. H. Boroff, David Darrah, St. Clairsville, O. OFFI-
CERS : A. C. DARRAH, Pres.: J. H. Boroff, Sec. & Treas., St. Clairsville, O. GENERAL OFFICE, St. Ciairsville, O.
ST. CROIX AND DULUTH RY.— Dedham to Sanntry, Wis., 27 m.; total track (steel ; 40 Ibs.), 32
miles. Gauge, 4 ft. 8^ in. Road opened Dec. 15, 1899. This is a private road owned by the Empire Lumber Co.,
of Winona, Minn. It is used for hauling logs to the St. Croix River, and for hauling ties and board timber to the
Great Northern Ry. Equipment, Sept. 30, 1900 : Locomotives, 3 ; caboose cars, 2 ; log cars, 85. OFFICERS OT
EMPIRE LUMBER Co.: CHAKLES HORTON, Pres.; Geo. W. Dulaney, Vice-Pres.; Wm. P. Tearse, Sec.; Roscoe
Horton, Treas., Winona, Minn.
ST. LOUIS, BELLEVILLE AND SOUTHERN RY.— East St. Louis to Belleville, 111., 13 m.;
total track (steel; 60 Ibs.), 14.68 miles. Gauge, 4 ft. 8* in. Chartered as the Belleville City Ry. Co. in Feb., 1867 ;
present, name adopted on March 15, 1895. Road opened as above in May, 1895. Locomotive, 1. Cars— flat, 20 ;
coal, 100 ; caboose, 1— total, 121. Capital stock ($500,000 auth.), $398,000. Funded debt (1st 5s of 1913), $500,000.
Cost of road, $467,822.
Operations, year ending June 30, 1901.— Tons freight moved, 30,066; ton-miles, 260,949. Earnings (freight,
$9,078; other, $9,167), $18,245. Operating expenses, $14,879; taxes,$2.1t>4— total, $17,042. Net earnings, $1,203.
Directors.— J. C. Welling, J. T. Harahan, J. F. Titus, C. F. Parker, Chicago, 111.; G. A. Koerner, Belle-
ville, 111. OFFICERS : C. F. PARKER, Pres., St. Louis, Mo.: J. F. Titus, Vice-Pres.; W. G. Bruen, Sec., Chicago,
111.; E. T. H. Gibson, Treas., New York, N. Y. GENERAL OFFICE, Chicago, 111.
SALEM RR.— Salem to Washingtonville, O., 6.92 m.: total track (steel ; 60 Ibs.), 8.50 miles. Gauge, 4 ft.
8| in. Road opened in Sept., 1892. Built under a special law of the Ohio Legisjature authorizing the city of
Salem to bond itself for $125,000. These bonds are secured by the faith of the city and by a mortgage on the
railroad. A description of them is in the Ready Reference Bond List (see GENERAL INDEX). The road was
built and was managed and controlled by a board of trustees appointed by the Common Pleas Court. Receiver
appointed Jan. 12, 1897, in the suit of the State Trust Co., New York, against the city of Salem. The road was
bid in by Walter S. Johnston for the Morton Trust Co., on March 1, 1901, and has since been sold to Col.
Myron T. Herrick, Cleveland, O. Locomotive, 1. Cars— combination, 1; coal, 5; caboose, 1— total, 7. W. P. P.
St. Clair, Gen. Agt., Salem, O.
Operations, year ending June 30, 1901.— Trains run (mixed), 21,650 miles. Passengers carried, 16,169.
Tons freight moved, 97,056. Earnings (passenger, $6,349 ; freight, $19,672 ; other, $78), $20,099. Operating ex-
penses, $14,686. Net earnings, $11,413. Paid taxes, $208. Surplus, $11,205.
General Balance Sheet, June 30, 1900 (latest rendered).— Funded debt, $125,000 ; current liabilities,
432 POOR'S MANUAL OF RAILROADS— CENTRAL NORTHERN GROUP.
$7,658 : profit and loss, $16,981— total, $149,689. Contra : Cost of road and equipment, $128,757 ; materials, etc
$500 ; cash and current assets, $20,382— total, $149,039.
SOUTH HAVEN AND EASTERN RB.— Lawton to South Haven, Mich.. 36.6 m.; total track
(steel ; 67 Ibs ), 40.10 miles. Gauge, 4 ft. 8J in. Reorganization, May 3, 1894, of the Toledo and South Ilu\
Co. (See MANUAL for 1893, page 1032.) The road was rebuilt, and the gauge broadened from 3 ft. to the standard
in April and May, 1899. Locomotives, 3. Car*, 81. Sundry,!.
Operations, year ending Dec. 31, 1900.— Trains run (mixed). 89,019 miles. Passengers carried. f.3,416 : car
rled one mile, 944,845. Tons freight moved, 36,100; ton-miles, 599,840. Earnings (passenger, $24.T4ii: freight.
$39,778; other, $3,856), $68,380. Operating expenses, $49,550. Net earnings, $18,830. Payments: Inter
bonds, §7,01)0; taxes, $1.845-total, $8,845. Surplus, $10.203; surplus forward, $21,057— total, $31,2fjO.
Financial Statement, Dec. 31, 1899.— Capital stock ($100 shares; auth. $300,000) paid in, $218.500 ;
funded debt (1.-4 5s of April 1, 1925), $216,000; unf-uided debt, 866,460; profit and loss, $81,280— total, $
Contra : Cost of road and equipment, $526,548; cash and current assets, $5,672— total, $532.220.
Directors.— A. A. Patterson, Jr., Benton Harbor, Mich.; D. II. Patterson, Paw Paw, Mich.; V. M. st.cle
Geo. E. Van Hagen, P. J. Cunneen, Chicago, 111 OFFICERS: A. A. PATTERSON, JR., Pres., Benton Harbor, Mich.;
D. H. Patterson, Vice-Pres. <& Gen. Mgr., Paw Paw, Mich.; Geo. E. Van Hagen, Sec. & Treas., Chicago, 111.
GENERAL OFFICE, Paw Paw, Mich.
TOLUCA AND EASTERN KB.— Toluca to Rutland, 111. (owned, 6 m.; trackage, 1.43 m.). 7.43m.,
total track, 7.G8 miles. Chartered Oct. 11, 1897 ; road opened in Dec., 1897. Locomotives, 2. Cars— combination,
1 ; freight, 4— total, 5.
othe
— total ,"§14,623. Deficit for year, $9,959.
General Balance Sheet, June 30, 1901.— Capital stock, $1,600; funded debt (no particulars received),
i; current liabilities, $29,552; interest accrued, not due, $750 — total, $121.902. Contra: Cost of road and
equipment, §69,194 : materials, etc., $206 • cash and current assets, $10,667 ; profit andloss, $19,5»7— total, -
Directors.— Henry Duggan, W. W. Twist, Jas. E. Porterfield, Toluca, 111. ; Henry J. Miller, Chas. J,
Devlin, Spring Valley, 111.: Eaward C. Anderson, Marquette, 111. ; J. L. Christopher, Topeka, Kans. ; W. A,
Stephens, Magnolia, 111. ; J. 8. Wiley, Davenport, la. OFFICERS : CHAS. J. DEVLIN, Pres. & Treas. ; J. L,
Christopher, Vice-Pres. ; J. D. Norton, And., Topeka, Kans. ; Henry Duggan, Sec. & Gen. Mgr., Tolnca, 111,
GENERAL OFFICE, Toluca, 111.
WABASH, CHESTEB AND WESTEBN BB.-Chester, 111., to Mount Vernon, 111., 63.33m.:
Chester to Menard, 111., 1.50 m.— total, 64.83m.; total track, 69.62 miles. Gauge, 4 ft. 8i in. Rail (steel, 64.58 m.),
60 Ibs. (For history, see MANUAL for 1894, page 146.) Locomotives, 5. Cars— passenger, 3 ; combination, 2 :
freight (box, 10 ; flat, 5 ; coal, 67), 82— total, 87.
Operations, year ending June 30, 1901.
107,811 miles. Passengers carried, 65,134; carri
3,107,145. Earnings (passenger, $24,742 ; freigh, , , ,, ,. s', ,
Net earnings, $25,856; other receipts, $445— total, $26,301. Payments : Interest on bonds, $34,500 ; taxes, |S,M
—total, $41,492. Deficit, §15,191 ; deficit forward, $136,829— total, $152,020.
General Balance Sheet, June 30, 1901.— Capital stock (§100 shares), $1,250,000 ; funded debt, 8690,000 :
current liabilities, $17,043 ; interest accrued, $151,900— total, $2,108,943. Contra : Cost of road and equipment
$1,946,803 ; materials, etc., 83,489 ; cash and current assets, $6,631; profit and loss, $152,020— total, $2,108,943.
Funded debt, June 30, 1901, consisted of §300,000 1st gold 5s of July 1, 1918, secured on the line from Cheetei
to Tamaroa, 111., 42.33 miles ; and $390,000 consol. gold 5s of Jan. 1, 1928, secured on the entire property of th(
company, but subject to the 1st mtge. bonds.
Directors.— Nathan Cole, St. Louis, Mo.; C. B. Cole, H. C. Cole, J. J. Morrison, H. C. Horner, Chester
HI. OFFICERS : NATHAN COLE, Pres., St. Louis, Mo.; Charles B. Cole, Vice-Pres., Treas. <fc Gen. Mgr.; C. E
Kingsbury, And.; H. C. Cole, Sec., Chester, 111. GENERAL OFFICE, Chester, 111.
WATTKEGAN AND MISSISSIPPI VALLEY RY.-Waukegan to North Chicago, 111.. 3 m. 01
main track and 6.25 m. of side track ; used for the present solely for switching business. All tracks owned bj
the American Steel and Wire Co. The company was chartered Aug. 28, 1893, to build about 40 m. of railroad ii
Lake County, 111. Road opened as above in 1896. Locomotives, 4. Cars (freight), 73.
Operations, year ending June 30, 1901.— Gross earnings (switching, etc.), $34,233. Operating expenses
§21,193. Net earnings, $13,040. Total deduc I ions, $4,070. Surplus, $8.970.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock, §60,000 ; current liabilities.
$6,519— total, $66,519. Contra : Cost of equipment, $60,000 ; current assets, $37 ; profit and loss, $6,482— total
§66,519.
Directors.— Wm. Edenborn, W. P. Palmer, J. 8. Keefe, Chicago, 111. OFFICERS: J. S. KEEFE, Pres.,
A. F. Allen, Sec. <fc Treas., Chicago, 111. GENERAL OFFICE, Rookery Building, Chicago, 111.
WASHBTJBN, BAYFIELD AND IRON RIVEB RY.-Washburn, Wis.,to Iron River, 35m.:
sundry branches, 30 m.— total operated, 65 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 to 75 Ibs. The companj
has trackage rights over the Northern Pacific from Iron River to Superior, Wis., 38 miles. Road between Wash-
burn and Iron River completed in July, 1898. At the request of the bondholders a receiver was appointed or
Dec. 24, 1898. Locomotives (owned, 4 ; car trusts, 3), 7. Cars— passenger, 1 ; freight (box, 15 ; logging, 231 ;
flat, 100; coal, 7). 353; service, 13— total cars owned, 367. No further information obtainable. A.C.FROST.
Receiver, Washburn, Wis. GENERAL OFFICE, Washburn, Wis.
WISCONSIN AND MICHIGAN RY.—Peshtigo, Wis., to Faithorn June.. Mich., 57.10m.: Fishei
to Ingalls, Mich., 5 m.; Hammond to end of track, 1.45 m.— total, 63.55 p.; C., M., & St. P. Ry. (trackage), Bag
ley June., Wis., to Menominee, Mich., 8.52m.; total operated, 72.07 miles. Gauge, 4 ft. 8i in. Chartered Oct
26, 1893. Construction commenced in April, 1894 ; road opened Jan. 1, 1895; mam line extended Sept. 1, 1896
The Wisconsin, Michigan and Northern Ry. Co. was chartered Nov. 17, 1898. to build an extension of this lin<
from Fail horn June, to Iron Mountain, Mich., 30 miles, of which the section from Faithorn June, to Quinnesec
16 miles, is under construction. Locomotives, 5. Cars— passenger, 2 ; freight (box, 92 ; flat, 110; hay, 2 ; board
4), 208— total, 210.
Operations, year ending June 30, 1901.— Trains run (passenger. 42,398 ; freight, 122,900), 165,298 miles
Passengers carried, 22,695; carried one mile, 534,051. Tons freight moved, 149,835; ton-miles, 4,463,400. Earn
ings (passenger, $18,974 ; freight, $102,066 ; other, $1,200), $122,240. Operating expenses, $98,951. Net earnings
$23,289.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $951,500; funded debt (1st gok
5s of Jan. 1, 1945), $951,000 ; current liabilities, $396.686— total, $2,299,186. Contra : Cost of road and equipment,
$1,979,361 ; materials, etc., $4,097 ; cash and current assets, $116,564 ; profit and ^ss, §199.164— total. $2,299,186.
Interest on bonds, due July 1, 1901, and subsequently, is in default, and it is proposed to scale the rateoi
interest.
Railroad Map of Nebraska and Kansas.
American Bank Note Company
78 TO 86 TRINITY PLACE
[C*
>, "BANKNOTE NEWVORK"]
BUSINESS FOUNDED 1793-
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THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
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And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
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Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
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COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual — Railroad Map of the United States, 1902.
ENG'D DY AMERICAN BANK NOTE CO. N.Y.
«- ' ' •
' Longitude West 26° from Wcuhington
NEBRASKA AND KANSAS.
Lonijitmle !»CV W'est from 95" Greenwich !H
Railroad Map of Nebraska and Kansas.
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OF
Information and Investigation,
Conducted in connection with and as an adjunct to
Poor's Manual of Railroads,
WILL FURNISH UPON ORDER
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Advance information relative to Railroad reports, etc.; or will make
Full and comprehensive investigations into Railroad mortgages, bonds, leases or
other contracts.
In a word, we propose to furnish information of any character coming within the scope
of this Bureau, but not contained in or within the province of our three annual publica-
• 'ons, viz.:
POOR'S MANUAL OF RAILROADS,
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MANUAL OF AMERICAN STREET RAILWAYS.
Subscribers to any of the above-named works may address their inquiries to us, and
a prompt reply will be mailed at a cost based upon the length of time occupied on the work.
Special attention will be given to the preparation of Historical Statements of existing
or defunct corporations ; to investigations into the value of old railroad bonds, and to the
preparation of statistical exhibits designed to show the value of railroad securities. Besides
this, investigations will be made at any time through official channels into the status of
new projects, and reports made thereon. Proceedings in foreclosure or reorganization will
be carefully followed, and all facts relating to such proceedings noted for reference.
It is believed that the establishment of this Bureau will prove of great benefit to the
subscribers for our annual publications, as it will enable them at a nominal cost to avail of
our unequalled facilities for the collection of news items relative to Railroad Invest-
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Annual subscribers to this Bureau may call for whatever information they desire
during the period of their subscription. Terms upon application. Address
JOHN P. MEANY, Manager,
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POOR'S MANUAL OF RAILROADS.
433
Directors.— J. M. Faithorn, John R. Walsh, C. H. Bosworth, John C. Ames, Chicago, 111.; C. H. Wor-
cester, Marinette, Wis. OFFICERS : C. H. BOSWORTH, Pres.; O. A. Koss, Sec. & Aud.; B. Shaw, Treas., Chicago,
111. GENERAL OFFICE, Grand Central Passenger Station, Chicago, 111.
WISCONSIN WESTERN RR.— La Farge to Wauzeka, Wis., 51.68 m.; total track (steel ; 56 to 72
Ibs.), 5o.55 miles. Gauge, 4 ft. 81 in. Chartered Nov. 21, 1899, and on Nov. 24, 1899, purchased at foreclosure
sale the property of the Kickapoo" Valley and Northern Ry. Co., taking possession thereof on Nov. 27, 1899. (See
MANUAL for 1899, page 380.) Locomotives, 3. Cars— passenger, 3 ; baggage, etc., 1.; freight (box, 2 ; flat,29),31;
caboose, 2 ; road, a— total, 39.
Operations, year ending June 30, 1901.— Gross earnings (passenger, $13,062; freight, $37,006; other, $491),
$51,159; oilier income, $455— total, $51,614. Operating expenses, $48,008; other deductions, $3,216— total,
$61,224. Surplus, $390.
Financial Statement, Oct. 31, 1900 (latest rendered).— Capital stock paid in ($600,000 auth.; $100 shares),
$521,4i»0. Cost of road, $982,982 ; equipment, $19,304 ; materials, etc., $1,028 ; cash on hand, $9,897.
Directors.— Horace A. J. Upham, Wm. E. Black, Wm. S. Fish, Charles W. Norris, Edward J. Paul, Henry
J. Droppers, Milwaukee, Wis. OFFICERS : HORACE A. J. UPHAM, Pres.; Wm. E. Black, Vice-Pres.; Charles W.
Norris, Treas.; Henry J. Droppers, Sec., Milwaukee, Wis. GENERAL OFFICE, Milwaukee, Wis.
SOUTHWESTERN GROUP— States of Missouri, Arkansas,
Texas, Kansas and Colorado ; Territories of New Mexico and
Oklahoma ; Indian Territory.
THE ATCHISON, TOPEKA AND SANTA FE RAILWAY SYSTEM.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Acquisitions During Year 18
Capital Stock 13
Controlled Roads, Op. Separately 5
Debentures, Four p. c. Serial 16
Directors and Officers 22
Earnings, Expenses, etc., 1901 ... 8
Barn's, Expenses, etc., 1895-1901. 9
Funded Debt, Details of 15
Gen. Bal. Sheet, June 30, 1901 ... 12
Gen. Balance Sheet, 1896-1901... 14
History 2
Income Account, June 30, 1901. . . 8
Income Account, 1897-1901 11
Mileage Operated, June 30, 1901 . . 1
Operations, 1895-1901 9
Profit & Loss Acct., June 30, 1901 10
Profit and Loss Act., 1897-1901 ... 11
Proprietary Lines, Statements of. 21
Proprietary Lines, incl . in System 4
Railroads Recently Acquired 6
Railroad Franchises, etc 17
Rolling Stock 7
San Francisco Terminals 3
Securities in Treasury 19
Stocks and Bonds pledged as Se-
curity for Funded Debt 20
1. Mileage Operated, June 30, 1901 (details in Sec. la).
Main Line : Chicago, 111. , to Denver, Col 1,205.30 miles.
Gulf Division : Newton, Kan., to Galveston, Tex 751.33
El Paso Division : La Junta, Col., to El Paso, Tex 600.95
Santa Fe Pacific Division : Isleta, N. M., to Bakersfield, Cal 875.30
Southern California Division : Barstow, Cal., to National City, Cal 200.08
San Francisco Division : Bakersfield to Point Richmond, Cal 304.16
Other divisions and branches of the system 3,872.64
Total length of lines, Atchison Railway System, June 30, 1901 7,809.76 miles.
Average mileage operated during year ending June 30, 1901 7,807.31 "
2d track, 80.26m.; yard track and sidings, 1,730.69 m.; total track (steel, 8,870.64 m.),
9,620.71 miles. Gauge, 4 ft. 8* in. Rail, 56 to 75 Ibs.
la. Statement in detail of the lines comprised in the Atchison Railway System, the
operations of which are included in the statistics for the year ending June 30, 1901 :
ATCHISON, TOPEKA AND SANTA FE RY.
A., T. & S. F. Ry. proper (4,708.49 m.). Miles.
Chic., 111., to Kan. City, Mo. (inc. 7.87 m. leased).446.37
Ancona, 111., to Pekin, 111. (inc. 5.91 m. leased). . 58.44
No. Lex., to Winthrop, Mo.(inc.l9.56m. leased). 96.01
Atchison, Kan., to Denver, Col . . 736.79
Kansas City, Mo., to Topeka, Kan 66.04
Wilder to Hawthorne, Kan 45.41
Lawrence to North Ottawa, Kan 26.52
Burlingame to Alma, Kan 34.30
Osage City to Quenemo, Kan 19.42
North Ottawa to Emporia Junction, Kan 54.26
Emporia to Moline, Kan 83.23
Benedict Junction to Madison Junction, Kan.. 40.57
Bazar to Strong City, Kan 11.68
Neva, Kan., to Superior, Neb. (inc. 2.53 m.leas'd). 154.36
Abilene to Salina, Kan 22.56
Manchester to Barnard, Kan 43.56
Florence to Ellinwood, Kan 98.21
Miles.
Little River to Holyrood, Kan 26.30
Florence to Winfield, Kan 72.73
Augusta to Mulvane, Kan 20.41
Newton, Kan., to Purcell, I. T 232.65
Wichita to Pratt, Kan 79.77
Mulvane to Englewood, Kan 166.38
Mulvane to Caldwell, Kan 37.01
Hutchinson, Kan., to Ponca City, O. T 142.29
Hutchinson to Kinsley, Kan 83.56
Great Bend to Scott City, Kan 120.07
Larned to Jetmore, Kan 46.33
Pueblo to Cafion City, Col 40.23
Clelland to Rockvale, Col 3.53
Holliday, Kan., to Texas State Line 442.21
Burlington Junction to Gridley, Kan 52.36
Colony to Yates Centre, Kan 24.71
Channte to Pittsbnrg, Kan 57.71
Chanute to Longton, Kan 44.18
Cherry vale to Coffeyville, Kan 17.98
(Continued on next page.)
28
434
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Miles.
Independence to Cedarvale, Kan 54.79
Niotaze,Kan., to Owasso, I.T.(inc. 6.61 m. leased) 63.46
Wellington, Kan., to Tonkawa, O. T 43.36
Attica to Medicine Lodge, Kan 21.08
La Junta, Col., to Deming, N. M 578.35
Dillon to Blossburg, N. M 3.47
Las Vegas to Hot Springs, N. M 8.09
Lamy to Santa Pe, N. M 18.13
Socorro to Magdalena, N. M 27.39
Rincon, N. M., to Texas State Line 56.74
Nutt to Lake Valley, N. M 13.52
Deming to Silver City, N. M 46.50
White Water to Sanfa Rita, N. M 18.81
Hanover Junction to Fierro, N. M 6.66
A., T. & S. F. RR. in Chicago:
Dearborn Station to centre of Crawford Ave. . . . 6.43
Eastern Oklahoma Ry. :
Guthrie to Pawnee, O. T 71.85
Oul.hrie & Western Railway :
Seward to Cashion, O. T 10.60
Rio Grande and El Paso RR.:
Texas State Line to El Paso, Tex 20.17
Total Atchison, Topeka & Santa Fe Ry 4,817.54
GULP, COLORADO AND SANTA FE RY.
Galveston, Tex., to Purcell, Ind. Ter 518.67
Alvin to Houston, Tex 25.66
Somerville to Rayburne, Tex 103.24
Temple to San Angel o, Tex 229.28
Coleman Junction to Coleman, Tex 6.28
Cleburne to Weathevford, Tex 39.90
Cleburne to Paris, Tex 154.36
Wolfe City to Sherman, Tex. (leased) 38.70
Ladonia to Honey Grove, Tex 11.72
Total 1,127.81
SANTA FE PACIFIC RR. Mile?
Isleta,N.M., to Bakersf'd, Cal. (inc. 309.65 m.leas'd)875.»
SOUTHERN CALIFORNIA RY.
Barstowto Los Angeles, Cal Ul.l:
Los Angeles to National City, Cal 131.9:
San Bernardino to Orange, Cal 47.2
San Bernardino to Highland June., Cal
High Grove to Temecula, Cal
Ferris to San Jacinto, Cal 19.4-
Eluinore June, to Alberhil, Cal 7.7(
Redondo June, to Redondo, Cal 20.S
Inglewood to Santa Monica. Cal 9.(k
Los Angeles Junction to Fallbrook, Cal 18.11
Escondido June, to Escondido, Cal 21.3<
Total.
SAN FRANCISCO & SAN JOAQUIN VALLEY RY.
Bakersfleld to Point Richmond, Cal 304.K
Calwa Junction to Corcoran Junction, Cal 68.41
Total 372.K
SOUTHERN KANSAS RY. OF TEXAS.
State Line to Amarillo, Tex. (inc. 14.04 m. leased). 129.11
RECAPITULATION :
Atchison, Topeka and Santa Fe Ry 4,817.64
Gulf, Colorado and Santa Fe Ry : 1,127.81
Southern California Ry
Santa Fe Pacific RR -
San Francisco and San Joaquin Valley Ry 372.57
Southern Kansas Railway of Texas 129.17
Grand total, Atchison System 7,809.7£
Total operated mileage of the Atchison Railway System, June 30, 1901 7,809.76 miles.
Add mileage owned but not operated — Sonora Ry. Co. (Limited) 2G2.61
New Mexico and Arizona RR 87.78
Total mileage of the Atchison Railway System, June 30, 1901 8,160.15 miles.'
Deduct mileage of lines operated, but not owned, as follows :
Southern Pacific RR.: Needles to Mojave. Cal 242.37m.
Mojave to Kern Junction, Cal 67.28 m.
St. Louis Southwestern Ry.: Wolfe City to Sherman, Tex 38.70 m.
Fort Worth and Denver City Ry. : Washburn to Amarillo, Tex 14.04 m.
Fremont, Elkhorn and Missouri Valley RR. : State Line to Superior, Neb 2.53 m.
Toledo, Peoria and Western Ry.: Streator June, to Pekin June., Ill 5.91 m.
Kansas City Belt Ry.: Big Blue Junction to Kansas City, Mo 6.44 m.
Chicago, Rock Island and Pacific Ry.: St. Joseph, Mo., to Atchison, Kan 19.56 m.
Missouri Pacific Ry.: Niotaze,'Kan., to Indian Territory Line 6.61 m.
Chicago and 'Western Indiana Ry.: Chicago Terminal 1 .43 m.— 404.87
Mileage owned absolutely or controlled by ownership of securities, June 30, 1901 7,755.28 miles.
Total mileage of the Atchison Railway System, June 30, 1901, as above 8,160.15 miles.
Control acquired after June 30, 1901 :
Kansas Southivfstern Ry. : Arkansas City to Anthony, Kan 59.70
Grand Canon Ry.: Williams to Grand Cation, A. T 66.45
Santa Fe, Prescott and Phoenix Ry. : Ash Fork to Phoenix, A. T 197.60
Prescott and Eastern RR. ; P. & E. Junction to Mayer, A. T 26.40
Controlled by The A., T. & S. F. Ry. Co., but operated as independent organizations :
Beaumont Wharf and Terminal Co. : In Beaumont, Tex 3.22
Gulf, Beaumont and Kansas City Ry. : Beaumont to Rogan, Tex 62.37
Pecos Valley and Northeastern Ry. : Pecos to Amarillo, Tex 370.24
Owned jointly with the Union Pacific RR. Co. :
Leavenworth and Topeka Ry. : Meriden J unction to Leavenworth, Kan 46.57
Grand Total 8,992.70 miles.
2. History. — Incorporated under the laws of Kansas, Dec. 12, 1895, as successor to the
Atchison, Topeka and Santa Fe RR. Co., whose property was sold under foreclosure on Deo.
10, 1895. (See MANUAL for 1898, page 276.) Possession was taken on Jan. 1, 1896. The
company then acquired the fee simple of the line from Atchison to the western boundary of
the State of Kansas, 470.41 miles, and the securities representing the ownership of the rest
of the system. Since then conveyances have been executed from time to time, vesting in the
company the fee simple of various other properties as follows : Wichita and Western Ry.,
79.77 miles ; Kansas City, Topeka and Western RR., 66.04 miles; Leavenworth, Northern
and Southern Ry., 45.41 miles; Southern Kansas Ry., 834.06 miles; New Mexico and
POOR'S MANUAL — THE ATCHISON, TOPEKA AND SANTA FE SYSTEM. 435
Southern Pacific RR., 371.76 miles ; Rio Grande, Mexico and Pacific RR., 185.14 miles ; New
Mexican RR., 52.47 miles; Silver City, Deming and Pacific RR., 46.50 miles ; Burlingame
and North western Ry., 34. 30 miles; Silver City and Northern RR., 14.53 miles ; Hutchinson
and Southern Ry., 142.29 miles ; Kansas and Southeastern RR., 9.07 miles ; Santa Eita RR.,
4.28 miles ; Hanover RR., 6.66 miles; Denver and Santa Fe Ry., 116.33 miles ; Pueblo and
Arkansas Valley RR. 290.13 miles ; Blackwell and Southern Ry., 15.94 miles; St. Joseph, St.
Louis and Santa Fe Ry., 76.45 miles ; Chicago, Santa Fe and California Ry., 492.46 miles ;
Kansas, Oklahoma Central and Southwestern Ry., 56.85 miles; Kansas City, Emporia and
Southern Ry., 83.23 miles ; Florence, El Dorado and Walnut Valley RR., 72.73 miles; Marion
and McPherson Ry., 98.21 miles ; Wichita and Southwestern Ry., 115.18 miles ; and Chicago,
Kansas and Western RR., 887.24 miles. The general and adjustment mortgages of The
Atchison, Topeka and Santa Fe Ry. Co. have been duly recorded and have become a direct
lien on all of the properties named. The bonds and stocks of the several absorbed companies,
therefore, are no longer listed on the statement of securities pledged as collateral security for
the funded debt.
Tlio Atchison, Topeka and Santa Fe RR. in Chicago was conveyed by deed to The Atchi-
son, Topeka and Santa Fe Ry. Co. on March 6, 1902, and the Santa Fe Pacific RR. and San
Francisco and San Joaquin Valley Ry. were similarly conveyed as of July 1, 1902.
3. San Francisco Terminals. — Freight terminals in San Francisco are supplied by the
Santa Fe Terminal Co. of California, all of whose capital stock is owned by The Atchison,
Topeka and Santa Fe Ry. Co. By virtue of a contract with the Harbor Commissioners of
San Francisco, approved by the Legislature, a lease has been made for 50 years of a tract of
partially submerged land known as " China Basin," containing about 35 acres. The con-
ditions of the lease are that, in addition to a nominal rental, the Terminal Company
shall build a sea-wall and reclaim the land from the tide. There have also been purchased
by the Santa Fe Terminal Co. certain lots south of and adjoining " China Basin," contain-
ing about 17 acres. In order to obtain material for the work of reclamation it has been
found advisable to purchase additional real estate in San Francisco to the value of upwards
of $400,000. The cost of improvements on the water front is estimated at $750,000. The
work of building the sea-wall has already been commenced. The entire premises can
hardly be ready for full occupancy in less than two years, but meantime partial use thereof
is being made by means of piling. When completed the terminals in San Francisco, in
addition to those used at present, will thus consist of about 52 acres on the water front with
total water frontage of 3,811 feet, together with about 46 acres located slightly inland, which
latter may be sold or used for railway purposes as may be deemed advisable.
4. Proprietary Lines, Included in System. — The Atchison, Topeka and Santa Fe Ry.
Co. owns all the securities of the Rio Grande and El Paso RR. Co., Southern Kansas Ry. Co.
of Texas, Gulf, Colorado and Santa Fe Ry. Co., and Southern California Ry. Co. (except a small
outstanding interest). The Rio Grande and El Paso RR., Southern Kansas Ry. of Texas, and
Gulf, Colorado and Santa Fe Ry. being corporations of the State of Texas, are operated by
their own officers, but for convenience the statistics of all three of them are consolidated with
those of The Atchison, Topeka and Santa Fe Ry. Co.
5. Controlled Roads, Operated Separately. — The Atchison, Topeka and Santa Fe Ry. Co.
owns a majority of the capital stock of the Beaumont Wharf and Terminal Co., Gulf, Beau-
mont and Kansas City Ry. Co., and Gulf, Beaumont and Great Northern Ry. Co.; owns about
two-thirds of the bonds and 96.83 p. c. of the capital stock of the Pecos Valley and North-
eastern Ry. Co., and owns practically all of the capital stock and $2,963,000 out of $2,964,000
2d mtge. bonds of the Santa Fe, Prescott and Phoenix Ry. Co. The properties of the compa-
nies named are operated separately by their own officers (see separate statements, subjoined).
The securities of the Leavenwortb and Topeka Ry. Co. (see GENERAL INDEX) are owned
jointly by The Atchison, Topeka and Santa Fe Ry. Co. and the Union Pacific RR. Co.
6. Railroads Acquired After June 30, 1901. — The Atchison, Topeka and Santa FeRy.
Co. has acquired a majority of the stock of the Grand Canyon Ry. and of the Kansas South-
western Ry., and has acquired practically all of the capital stock and 99.97 p. c. of the 2d
436
POOR'S MANUAL OF RAILROADS—SOUTHWESTERN GROUP.'
mtge. bonds of the Santa Fe, Prescott and Phoenix Ry. Co. The Grand Canyon Ry. Co. is a
reorganization, Aug. 10. 1901, of the Santa Fe and Gran4 CaQon RR. Co. (see MANUAL for
1901, page 656), whose property was sold under foreclosure in July, 1901. The Kansas South-
western Ry. Co. was organized Oct. 24, 1901, to take over the property formerly of tl
Louis, Kansas and Southwestern Ry., which was sold under foreclosure on Oct. 22, 1898, and
was afterwards operated by the purchaser under the title of Kansas Southwestern Rl;
MANUAL for 1901, page 642). The Grand Canyon Ry. is operated by The Atchison, Topeka
and Santa Fe Ry. Co., but the Santa Fe, Prescott and Pho3nix Ry. and the Kansas South-
western Ry. are operated by their own organizations.
7. Rolling Stock, June 80, 1901. — Locomotives, 1,174. Cars as follows:
PASSENGER TRAIN.
First Class Coaches 233
Second Class Coaches 53
Chair 88
Coach and Baggage 48
Coach and Mail 7
Coach, Mail, and Baggage 29
Baggage and Express 11
Biiggiige, Mail, and Express 195
Business 22
Dining 26
Parlor 5
Total... .. 717
FREIGHT TRAIN.
Box 11,265
Combination 88
Stock 2,642
Coal 8,929
Flat 2,299
Caboose 544
Fruit (Freight) 265
Refrigerator 1,525
Furniture 1,476
Beer 37
Oil Tank 214
Total 29,229
MISCELLANEOUS.
Derrick
Pile Driver
Steam Shovel
Boarding
Water
Snow-plow
Tool
Paint.
5
3
Ballast 551
Other... 13
Total 739
§. General Income Account, year ending June 30, 1901.
Earnings— Passenger $11,678,017 25
Freight 39,052.557 43
Mail and Express 3,009,074 89
Miscellaneous 735,173 04
Expenses— Mainf. Way and Structures
Maintenance of Equipment
S6.433.8W 36
0,85V.
Transports ion and Traffic ... 17,309.' »K) 78
General Expenses l,3i;.
Special Betterment Account.. 900,00000
Total ($6,977.41 per mile) $54,474,822 61 Total ($4,132.40 per mile) $32,262,945 38
Net earnings (40.77 p. c.), $22,211,877 38; add interest and discount, $192,241.81; and in-
come from investments, $140,315.36— total, $22,544,434.55. Payments: Taxes, $1,681,335.59;
rental of tracks and terminals, etc., $359,093.28; interest on bonds, $5,776,970.83; interest
on ad justment bonds, $2,053,840; advances to subsidiary companies, $30,303.38; depreciation
of securities, $127,400; land department account (net), $3,462.39; adjustment of fuel account,
$37,500— total, $10,069,905.47. Surplus carried to profit and loss, $12,474,529.08.
9. Comparative statement of operations of the system, for seven years ending June 30 :
1895
1896
1897
1898
1899
1900
1901
Average Miles Operated .
Passenger Train Miles..
Freight Train Miles
Mixed Train Miles
Revenue Train Miles. . . .
Passengers Carried
6,481.49
7,796,324
13,921.680
1,642,101
6,429.73
8.218.585
13,398,398
1,565,752
6,443.81
7.634,057
14,633.239
1,447,905
6,936.02
8,597,052
18,430,412
1,466,444
7,032.62
8,821,178
16,737.227
1,557,969
7.341.34
9,216,515
14,42f,.(i,s2
1,610,055
7,807.31
11,210,781
14.S07.733
1.634,213
23,360,111
4,174,030
257,387,432
7,648,636
1,673,407,050
$
5,896,765
19,561,659
3,356,429
23,182,735
4,175,500
282,532,458
7,718,598
1,748.478,650
$
6,269,683
19,620.994
3,102,920
23,715,201
3,536,968
243,052.4-30
8,207.325
2,062,483,268
$
5,574,288
22,067.687
2,979,255
28,499,908
4,001,078
325.651 i.:!"l
9,979,510
2,779,555,249
$
7,347,362
28,5ss.7i:
3,278,020
27,116,374
4,383,961
356,783,683
8,924,678
2,893,011,496
$
8,126,142
29.492.586
2,894,770
4, SI 1,406
412,937,134
9.893,018
3,454,591,785
s
9.334,661
33.729.333
3,168.084
27,658,727
5,664,811
514,0
11,112,614
3,876,793.344
S
11,6
3:>.'>.v>,r,57
3,74J,248
Freighf(tons) Moved —
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Other Earnings
Total Earnings
Operating Expenses
Net Earnings
28,814.&53
22,313,589
28,999,597
22, 071 ,275
30,621,230
22,867,189
39,214.099
28,506,335
40,513,499
27,606,681
46,2.30.1 >7S
27,521, 4d9
54.474.822
32.2ti2.lt45
6,501,264
4,445 71
3,442 06
1,003 05
77. 44 p. C.
2.291 C.
1.168C.
6,928,322
4,5C634
3.429 72
1 ,076 62
76. 11 p. c.
2.211c.
1.122C.
7,754,041
4.752 04
3..S48 76
1,20328
74. 68 p. c.
2.293c.
l.OTOc.
10,707,764
5,653 69
4,10990
1,543 79
72.69 p. C.
2.256C.
1.089C.
12,906,817
5,760 80
3,925 52
1,83528
68. 14 p. c.
2.278 c.
1.019C.
18,710,579
6,207 49
3.7-18 84
2,51-
59.53p c.
2.261 c.
0.976 c.
22,211,877
6.977 41
4,132 10
2,845 01
59.23 p. C.
2.272C.
1.007C.
Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnings per Mile. . .
Expenses to Earnings. . .
Aver. Rate p. Pas?, p. M.
Aver. Rate p. Ton p. M..
POOR'S MANUAL— THE ATCHISON, TOPEKA AND SANTA FE SYSTEM. 437
1C. Profit and Loss Account, June 30, 1901.— Surplus Income for year, $12,474,529.08 ;
surplus forward, $9,994,619.58— total, $22,469,148.66. Contra : Dividends on preferred stock.
21 p. c. each (No. 4, Aug. 1, 1900, $2,854,845 ; No. 5, Feb. 1, 1901, $2,854,345), $r>,708,C90 ;
on common stock (No. 1, June 18, 1901, 1$ P- c.), $1,529,332.50 ; amount written off from
construction account, representing balance of discount on bonds sold since the organization
of the company, $1,087,301.88 ; discount on bonds sold during the year ending June 30, 1901,
$~>2, 458.34 ; amount credited special betterment fund, $1,000,000 ; sundry adjustments,
ss. G-J5.53— total, $9,386,408.25. Surplus, June 30, 1901, $13,082,740.41. Out of this surplus
dividend No. 6 of 2£ p. c. on preferred stock was paid on Aug. 1, 1901, the amount thereof
being $2,854,345.
11. Income and profit and loss accounts for five years ending June 30 :
•
1897
1898
1899
1900
1901
Net Traffic Earnings ....
$
7,754,041 29
254,499 09
$
10,707,764 12
182,027 17
$
12,906,817 28
249,43484
$
18,710,578 80
266,820 81
$
22,211,877 38
332,557 17
Other Receipts
Net Income
8,008,540 38
514,451 10
1,363,532 61
4,008,858 03
10,889,791 29
295,540 58
1,420,123 05
4,992,148 30
13,156,252 12
208,560 48
1,460,649 99
5,188,132 00
2,053,840 00
57,072 29
18,977,399 61
282,691 58
1,543,601 63
5,291,32650
2,053.840 00
66,634 92
22,544,434 55
359,093 28
1,681,335 59
5,776,970 83
2,053,840 00
198,665 77
Rentals
Taxes
Fixed Interests on Bonds
Interest on Adjustment Bonds
Other Income Account Items
69,253 04
291,554 42
Totals
6,556,094 78
1,452,445 60
150,781 00
6,999,366 35
3,890,424 94
62,846 60
8,968,254 76
4,187,997 36
1,888,805 56
9,238,094 63
9,739.304 98
4,414,491 92
10,069,905 47
12,474,539 08
9,994,619 58
Balance of Income Account, Surplus
Surplus (Profit and Loss) Forward
Totals
1,603,226 60
*1,540,380 00
3,953,271 54
t2,053,840 00
6,076,802 92
14,153,796 90
22,469,148 66
Interest on Adjustment Bonds. . ..
Dividends on Preferred Stock .
1,141,657 00
3,139,556 75
5,708,690 00
1,529,33250
1,139,760 02
1,000,000 20
8,625 53
Dividends on Common Stock ....
Amount Written Off from Cost of Railroad, etc.
500,00000
1,000,000 00
Amount Credited Special Betterment Fund
Other Profit and Loss Debits
10,625 98
20,654 00
19,620 57
Totals
1,540,380 00
62,846 60
2,064,465 98
1,888,805 56
1,662,311 00
4,414,491 92
4,159,177 32
9,994,619 58
9,386,408 25
13,082,740 41
Balance, Surplus
* Paid from surplus to June 30,1897, but shown here for convenience, t Paid from surplus to June 30, :
but shown here for convenience.
12. General Balance Sheet, The A., T. & 8. Fe Ry. Co. (System), June 30, 1901.
(Including The Atchison, Topeka and Santa Fe Ry. Co., Gulf, Colorado and Santa Fe Ry. Co., Santa Fe
Pacific RR. Co., Southern California Ry. Co., The Southern Kansas Ry. Co. of Texas, and The San Fran-
cisco and San Joaquin Valley Ry. Co.)
Railroad, Franchises and Other Prop'y-$412,107,188 14
Construction and Equipment, 1900-01... 3,376,378 88
New Acquisitions During Year 4,057,87315
Fund for Redemp. Equip. Trust Bonds. 189,669 86
Securities on Hand 3,475,62277
Materials and Supplies 2,293,276 35
Prepaid Insurance Premium 32,156 03
Accounts Receivable 6,042,440 92
Prior Accounts in Liquidation 5,73954
Cash on Hand and in Bank 9,484,200 69
Total Assets $441,064,546 33
Common Stock $102,000,000 00
Preferred Stock $131,486,000
Less, in Special Trust 17,286,470— 114,199,530 00
Funded Debt (see below) 199,035,710 00
Special Betterment Fund 1,239,30918
Rolling Stock Replacement Fund 582,747 39
Rail Renewal Fund 321,860 83
Tie Renewal Fund 59,412 56
Fuel Reserve Fund 257,447 24
Accrued Taxes not yet Due 844,290 70
Interest on Bonds, Due and Accrued 3,308,935 00
Accounts Payable 5,863,94696
Prior Accounts in Liquidation 268,61606
Profit and Loss 13,082,740 41
Total Liabilities $441,064,546 33
13. Capital Stock.— The authorized amount of preferred stock is $131,486,000, but $6,486,470 thereof
is reserved in special trust for improvements, extensions, etc., and $10, 800,000 for the acquisition of
auxiliary lines, leaving in the hands of the public $114,199,530. The preferred stock is entitled to 5 p. c.
non-cumulative dividends out of the net profits, and to the par amount of it out of assets in case of
dissolution or liquidation of the company, in priority to common stock. It is provided that no mortgages
other than the general and adjustment mortgages shall be executed by the company, nor shall the
amount of preferred stock be increased without the consent of a majority of the whole amount of preferred
stock outstanding, given at a meeting called for that purpose, and the consent of the holders of a majority
of such part of the common stock as shall be represented at such a meeting.
438
POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
14. Abstract of general balances on June 30, 1896 to 1901 :
1896
1897
1898
1899
1900
1901
Common Stock
$
102,000,000
111,486,000
162,349,285
5,152,908
1,403,512
. 141,720
$
102,000,000
lU,l'J!l,.r)30
174,190,750
5,552,682
564,498
1,603,227
$
102,000,000
114,199,530
174,938,710
7,241,835
403,490
3,942,645
102,000,000
114,199,530
184,458.710
9,163,916
366,946
4,414,492
S
102,000,000
114,199,530
188.2K710
9,990,571
309,588
9,994,620
$
102,000,000
114,1
199.0
12,47
Preferred Stock
Funded Debt
Current Liabilities
Unadjusted Accounts
Profit aiid Loss
Total Liabilities
382,538,425
372,104,263
398,116,687
387,957,478
342,757
3,305,S"02
1,160,965
5,241,640
107,945
402,726,210
392,169,842
307,S70
2,423,357
2,000,721
5,772,383
• 52,237
414,603,594
397,065,144
293,670
5,599,209
2,860.778
8,769,201
15,592
424,692,969
407,187,811
267,670
3,275,616
2,482,276
11,471,898
7,698
441,064,546
419,5-11. H' i
3,475,023
2.293.276
15,558,798
Cost of Property
Reserved Securities*
Securities in Treasury
•£,859,796
1,155,742
5,963,066
450,558
Materials and Supplies
Cash and Current Assets
Unadjusted Accounts ; .
Total Assets
382,533,425
398,116,687
402,726,210
414,603,594
424,692,969
441,064,546
* Securities and cash in special trust for redemption of equipment trust bonds. t Includes
$2,528,450 (estimated value) of securities to be received from the Reorganization Committee in final
(settlement of accounts.
15. Funded Debt.— The funded debt, as per General Balance Sheet, consisted of $138,727,500 of
gen. mtge. bonds, $51,728,000 of adjustment mtge. bonds, $1,500,000 of Chicago and St. Louis Ry. bonds,
$2£<!,000 of equipment trust bonds, $6,000,000 of the S. F. & S. J. V. Ry. bonds, and $830,210 of miscellaneous
bonds — a total of $199,035,710; but this included $2,402,500 of gen. mtge. bonds, $1,936.26 of gen. mtge.
scrip, and $382,000 of adjustment mtge. bonds held in the treasury of the company, besides $75,500 of gen.
mtge. bonds deposited with the New York Security and Trust Co., trustee, under agreement dated Aug.
26, 1896. The following is a statement of the outstanding funded debt on July 1, 1901 (total, $196,076,500),
including the outstanding bonds of the Hutchinson and Southern Ry. Co., but not including treasury assets:
$1,5OO,OOO Chicago and St. Louis Ry. 1st 6s of
March 1, 1915. Secured on the line from Corwith
to Pekin, 111., 147.7 miles.
O29,OOO Chicago, Santa Fe and California Ry.
1st gold 5s of Jan. 1, 1937. Secured on the lines
from Corwith, 111., to Big Blue Junction, Mo.,
439.94 miles, and from Ancona to Pekin, 111. (less
5.91 miles of trackage between Streator June, and
Pekin June., 111.), 52.4 miles. The Chicago and
St. Louis Ry. bonds underlie these on the line
from Corwith via Ancona to Pekin, 111., 147.7
miles. The total amount of these bonds is $15,-
350,000, but the Athcison, Topeka, and Santa Fe
Ry. Co. owns and has deposited as security for
its gen. mtge. bonds $14,721,000 thereof.
157,OOO Equipment Trust Bonds, Series A.
Matured Jan. 1, 1902.
195,OOO Hutchinson and Southern Ry. Is* gold
5s of Jan. 1, 1928. Secured on the line from
Hutchinson, Kan., to Cross, O. T., 142.29 miles.
The total issue amounts to $719,000, but The
Atchison, Topeka and Santa Fe Ry. Co. owns
$524,000 thereof. The bonds are subject to redemp-
tion on any interest day after Jan. 1, 1908, at
105 p. c. and accrued interest.
136,249,5OO gen. gold 4« of Oct. 1, 1995. Secured
on the entire property of the company, whether
now owned or hereafter acquired, but subject to
the mortgages or deeds of trust securing the bonds
described in the preceding four paragraphs. They
are also secured by collateral lien upon the rest
of the Atchison System, the bonds and stocks of
the subsidiary companies being deposited with the
the trustee under this mortgage, as shown in Sec.
16. The total amount authorized by the mortgage
is $165,490,500, the $26,763,000 of bonds unissued
on July 1, 1901, being reserved for the retirement
of prior liens, for the acquisition and improvement
of other railroads and for new construction, better-
ments, additional rolling stock, etc. (See Manual
for 1900, page 463.)
$51.34O,OOO adjustment gold 4s of July I, 1995.
Secured on the same property as the gen. mtge.
bonds, but subject to the lien thereof. Originally
interest was payable yearly, on the 1st of Nov.
if earned, but under an agreement dated Sept. 14,
1899, interest is now payable in half yearly instal-
ments upon complying with the terms of said
agreement. Since July 1, 1900, interest has been
cumulativp at the rate of 4 p. c. a year. In the
mortgage securing these bonds provision is made
for the issue of $20,000,000 of bonds, in addition to
the $51,728,000 outstanding, after the $30,000,000
of gen. mtge. bonds reserved for improvements,
etc. (of which $14,500,471 remained unissued on
July 1, 1901), shall have been issued and used;
but such additional adjustment bonds can be
issued only with the consent of the holders of a
majority of all adjustment bonds outstanding.
Such additional adjustment bonds are reserved
under carefully guarded restrictions, so that they
can be used only for improvements in the same
manner as the $30,000,000 gen. mtge. bonds, and
so that they can be issued at a rate not exceed-
ing $2,000,000 per annum, of which amount
$500,000 per annum may be for the construction
of branches and extensions.
6,OOO,OOO Hun Francisco and San Joaquin
Valley Ry. 1st gold 5s of Oct. l, 1940. Secured
on the lines from Bakersfield to San Francisco,
Cal., and from Calwa to Corcoran Junction, CaL,
a total of 372.57 miles. There is a sinking fund
of 1 p. c. of net profits from Jan. 1, 1916, to 1921 ;
2 p. c. to 1926; 3 p. c. to 1931; 4 p. c. to 1936;
and 5 p. c. to 1940. The bonds may be drawn
at 110 p. c. after 1915.
16. Pour p. c. Serial Debentures — Total issue, $30,000,000. Dated, Feb. 1, 1902. Divided into
twelve series, designated Series A to Series L, each series amounting to $2,500,000. Payable one series,
beginning with " A," on each 1st of Feb., from 1903 to 1914. Interest payable on the 1st of Feb. and Aug.
Principal and interest payable in gold, free of all taxes. Each series is to be subject to redemption on any
interest day, after prior publication of notice, at 105 per cent, of their par value and accrued interest.
The company covenants that it will not execute any new mortgage upon any of the lines of railway now
owned by it, except by way of further security for bonds issued under existing mortgages, unless by the
terms of such new mortgage it shall be provided that all of said debentures then outstanding shall be
included in the debt secured by such new mortgage. The proceeds of these debentures are to be used by the
company for the purchase of equipment needed for the accommodation of the company's growing traffic,
POOR'S MANUAL— THE ATCHISON, TOPEKA AND SANTA FE SYSTEM. 439
Mprovements of a permanent character, and to reimburse the treasury for expenditures made or
iH'urrud for the foregoing purposes since July 1, 1901.
17. Hallroacl, Franchises and Other Property. — Amount June 30, 1900 (see Manual for
:.age 457), $399,001,473.85; expenditures for construction and equipment during the year, $4,452,-
t'or new acquisitions, railroads and terminals, $3,733,623.95; investment in San Francisco and San
n Valley Ry., $6,114,052.88; property in Atlantic and Pacific RR., $35,942.46; Kansas City Belt Ry.
ipital stock, $25,000— total, $413,362,806.56. Deductions: Discount on bonds charged to profit and loss,
.:<>!. 88; sundry adjustments $168,316.54— total, $1,255,618.42. Net amount as per general balance
. $412,107,188.14.
18. New Acquisitions During: Year. — This balance sheet item represents the expenditures dur-
year ending June 30, 1901, for new railroads and terminals, as follows: Blackwell and Southern Ry.,
.:>4; Eastern Oklahoma Ry., $58,900.62; Guthrie and Western Ry., $21,342.72 Hutchinson and Southern
1,504.12; Kansas, Oklahoma Central and Southwestern Ry., $16,790.47; Kiowa, Chickasha and Ft. SmitTi
!y., $9,527.17; Pan Handle Ry., $8.75; Wichita and Western Ry., $490.01; Santa Fe Terminal Co. of
California, $193,456.0.5; Gulf, Beaumont and Kansas City Ry., and other companies, $1,073,198.10; Pecos
Valley and Northeastern Ry., and other companies, $2,675,901.83— total, $4,080,345.38. Deductions: Hanover
!XR., $5.25; Kansas and Southeastern RR., $22,466.98— total, $22,472.23. Net amount as per general balance
jiheet, $4,057,873.15.
19. SECURITIES IN TREASURY, JUNE 30, 1901, CONSISTED or THE FOLLOWING:
Estimated
Value.
$2,479,936 26
362,900 00
24,510 00
31,150 00
50,500 00
28,326 51
50000
11,600 00
25,000 00
8,000 00
69,000 00
97,200 00
287,000 00
Par Value.
Hie A., T. & S. F. Ry. Co. General Mortgage 4 p. c. Bonds $2,479,93626
The A., T. & S. F. Ry. Co. Adjustment Mortgage Bonds 382,00000
The A., T. & S. F. Ry. Co. Preferred Capital Stock 25,80000
The A., T. & S. F. Ry. Co. Common Capital Stock 44,50000
(Arizona and Utah Ry. Co. First Mortgage 6 p. c. Bonds 101,00000
56,653 02
500 00
11,600 00
25,000 00
8,000 00
69,000 00
(California and Eastern Ry. Co. First Mortgage Bonds
(Chicago, Kansas and Western RR. Co. First Mortgage 5 p. c. Bonds
iCounty Bonds
mansas City Belt Ry. Co. First Mortgage Bonds
Pueblo Union Depot and RR. Co. Capital Stock
Prescott and Eastern RR. Co. First Mortgage 5 p. c. Bonds
iSanta Fe and Grand Cation RR. Co. First Mortgage 5 p. c. Bonds 3241000 00
;U. S. of Mexico Interior Consolidated Debt 3 p. c. Bonds 1,100,00000
Totals $4,627,989.28 $3,475,622 77
The amount of A., T. & S. F. Ry. Co. gen. mtge. bonds shown in the preceding statement includes
$75,500 of such bonds deposited with the New York Security and Trust Co., trustee, under agreement dated
Aug. 28, 1896, and includes $1,936.26 of fractions due. Upon the retirement of the equipment trust bonda
the $75,500 will be returned to the treasury.
2O. STOCKS AND BONDS PLEDGED AS SECUBITT FOR FUNDED DEBT, JUNE 80. 1901.
STOCKS. Total. Pledged.
The Atch. City Elev. Co $30,400 $30,400
Atch.,Top. & S. Fe RR. in Chic 5,000,000 4,998,700
Atch. Union Dep. & RR. Co.. 18,000 18,000
Aztec Land & Cattle Co., Ltd. 215,700 215,500
The Caflon City Coal Co 425,000 424,650
Cerr. Coal & Iron Co 1,000,000 999,500
Cher. & Pitts. Coal & Min. Co. 200,000 198,900
Chic. Un. Trans. Ry. Co., Pref. 40,000 40,000
Chic. Un. Trans. Ry. Co., Com. 40,000 40,000
Forest Park & Cen. RR. Co.... 1,600 1,600
Gulf, Colo. & S. Fe Ry. Co 4,560,000 4,547,000
The Kan. City Belt Ry. Co 50,000 49,700
The Las Vegas Hot Springs Co. 246,600 245,900
The Leav. & Topeka Ry. Co... 25,000 24,600
The Leav. Dep. & RR. Co 12,500 12,000
New Mex. & Ariz. RR. Co 3,682,000 3,681,500
The New Mexico Town Co 47,500 47,150
The Osage Carbon Co 300,000 299,100
Pacific Land Imp. Co 100,000 99,500
The Peck Water Works Co 37,200 36,700
Raton Coal and Coke Co 500,000 499,400
Rio Grande & El Paso RR. Co. 200,000 199,300
Rio Grande Land Co 250,000 249,500
Rush Center Town Co 1,205 1,205
St. Joseph Term. RR. Co 150,000 148,500
St. Joseph Union Dep. Co 1,000 900
The Santa Ana Vy. Irrig. Co... 450
Santa Fe Pacific RR. Co 4,000,000 3,998,700
The S. Fe Term. Co. of Cal... 1,000,000 999,300
The S. Fe Town & Land Co.... 250,000 249,700
Sonora Ry. Co., Ltd 5,248,000 5,246,700
So. Cal. Ry. Co., Pref 3,046,800 3,046,800
So. Cal. Ry. Co., Com 6,752,000 6,749,800
The So. Kan. Ry. Co. of Tex...
The Trin. Coal & Coking Co...
Union Dep. Co. (Kan. City, Mo.)
Union Pass. Dep. Co. of Galv...
The Vulcan Fuel Co
Western Live Stock & Land Co.
Total.
$604,500
162,500
90,000
200,000
600,000
1,500
Pledged.
$595,500
161,800
199,500
599,993
1,500
Totals $39,089,455 $39,048,298
BONDS.
Atch., Top. & S. Fe RR. in Chic., 1st 5s.... $7,000,000
Atch. Union Dep. & RR. Co. 2d 5s 9,000
Aztec Land & Cattle Co., Ltd., 1st 6s 50,000
Cal. Cent. Ry. Co. 1st 6s 6,457,000
Cal. So. RR. Co. 1st 6s 2,056,000
Cal. So. RR. Co., Inc. 6s 3,500,220
Devlin Coal Co. 1st 6s 283,000
Gulf, Colo. & S. Fe Ry. Co. 1st 7s 12,695,000
Gulf, Colo. & S. Fe Ry. Co. 2d 6s 8,614,000
Kan. City Belt Ry. Co. 1st 6s 25,000
Kan. City N. W. RR. Co. 1st 5s 2,000
The Leav. & Top. Ry. Co. 1st 4s 50,000
New Mex. & Ariz. RR. Co. 1st 6s 2,313,000
New Mex. & Ariz. RR. Co. 2d 6s 950,000
Redondo Beach Ry. Co. 1st 6s... 270,000
Rio Grande & El Paso RR. Co. 1st 6s 500,000
Santa Fe Pacific RR. Co. 1st 4s 16,000,000
Sonora Ry. Co., Ltd. 1st 7s 5,248,000
The So. Kan. Ry. Co. of Tex. 1st 5s 1,583,000
The Union Pass. Dep. Co. of Galv 64,000
Total
440
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
UIP-
21. PROPRIETARY LINES OF THE ATCHISON, TOPEKA AND SANTA FE RY. Co., THE Eq
MENT, OPERATIONS, AND FINANCIAL ACCOUNTS OF WHICH ARE INCLUDED IN THOSB
OF THE CONSOLIDATED SYSTEM.
Grand Canyon Ry. — Projected: Williams,
Ariz., to Grand Canyon of the Colorado near Bright
Angel Trail, 71 miles. Completed to July 1, 1902:
Williams to Grand Canyon, 63.8 miles. Reorganiza-
tion, Aug. 10, 1901, of the Santa Fe and Grand
Cafion UK. Co., whose property was sold under fore-
closure In July, 1901. The Atchlson, Topeka and
Santa Fe Ry. Co. owns or controls a majority of the
capital stock, and operates the road. Capital stock
authorized ($250.000 preferred and $1.205.000 com-
mon), $1.455,000; subscribed, $1.355,000. E. P.
Ripley, Pres., Chicago. 111.; G. Holterhoff, Jr., Sec.
& Treas., Los Angeles, Cal. Office, Los Angeles, Cal.
Gulf, Colorado and Santa Fe Ry.— Length
of lines (see Sec. la), 1.127.81 miles. Rail (steel), 65
and 75 Ibs. Chartered May 2,8, 1873. (See Manual for
1891, page 23, and Manual for 1898, page 281.) Stock
and bonds are all owned by The A., T. & S. F. Ry.
Co., and are deposited with the trustee, under the
gen. mtge. of 1895. E. P. Ripley, Pres., Chicago;
A. C. Torbert, Sec. & Treas., Galveston, Tex. Gen-
eral Office, Galveston, Tex.
Santa Pe Pacific RR.— Length of lines (see
Sec. la), 875.30 miles. Organized, June 16, 1897,
according to act of Congress approved March 3,
1897, to take over and operate the Western Division
of the Atlantic and Pacific RR. (See Manual for
1898, page 282.) Stock ($4,000,000) and bonds
($16,000,000) are all owned by the A., T. & S. F.
Ry. Co. and are deposited with the trustee under
the gen. mtge. of 1895. E. P. Ripley, Pres.,
Chicago, 111.; Godfrey Holterhoff, Jr., Treas., Los
Angeles, Cal.; L. C. Iteming, Sec., New York, N
Southern California Ry.— Length of lines
(see Sec. la), 487.37 miles. Consolidation, NOT
7, 1889, of the Cal. Central Ry., Cal. Southern
RR., and the Redondo Beach RK. The San Ber-
nardino and Eastern and the Santa Fe and
Santa Monica Ry. Cos. were subsequently absorbed
(See Manual for 1897, p. 275.) Capital stock— com-
mon, $6,752,000; preferred, $6,072,000; funded debt
(Cal. So. RR. 1st mtge. 6s, $2,057,000; Cal. So.
RR. income 6s, $3,500,740; Cal. Cent Ry 1st
mtge. 6s, $6,457,000; Red. Beach RR. Co., $270,000).
$12,284,740. The entire amount of the common
stock and of the Cal. So. Ry., Cal. Cent. Ry. and
Redondo Beach RR. 1st mtge. bonds, besides $3,046,-
800 of the preferred stock and $3.500.22(1 of the CaL
So. Ry. Income bonds are deposited with the trus-
tee under the gen. mtge. of the "Atchison" Com-
pany. For security of the bonds and other informa-
tion relative to stock and bonds, see Manual for 1896,
page 360. E. P. Ripley, Pres., Chicago, 111.; God-
frey Holterhoff, Jr., See. & Treas., Los Angeles,
Cal.; L. C. Deming, Asst. Sec., New York, N. Y.
General Office, LOB Angeles, Cal. Operating Office,
Los Angeles, Cal.
22. Board of Directors, The A., T. & 8. F. By. Co. elected December 11, 1902.
Term expires Dec., 1902.
Edward P. Ripley Chicago, 111.
Byron L. Smith " "
Charles Steele New York, N. Y.
Howel Jones Topeka, Kan.
Term expires Dec., 1903.
H. RiemanDuval New York, N. Y.
Thomas P. Fowler "
Victor Morawetz "
Charles S. Gleed Topeka, Kan.
EDWARD P. RIPLEY, President .
E. D. Kenna, 1st Vice-President
Paul Morton, 2d Vice-President
J. W. Kendrick, 3d Vice-President . . .
Secretary and Treasurer— T£. Wilder Topeka, Kan.
Atst. Secretary— I,. C. Deming; New York, N. Y.
Asst. Treasurer— H. W. Gardiner "
PRINCIPAL OFFICE AND ADDRESS
New York Office. . . .59 Cedar St.
Term expires Dec., 1904.
Edward J. Berwind New York, N. Y.
R. Somers Hayes "
E. D. Kenna Chicago, 111.
Andrew C. Jobes Wichita, Kan.
Term expires Dec., 1905.
Benjamin P. Cheney Boston, Mass.
George G. Haven New York, N. Y.
John G. McCullough Bennington, Vt.
.Chicago, 111.
Comptroller— D. L. Gallup New York, N. Y.
Deputy Comptroller— D. J. Sheehan . . "
General Auditor— H.. C. Whitehead Chicago, 111.
Topeka, Kan.
Chicago Office 77 Jackson St.
ATCHISON SYSTEM. — Railroads Controlled by the Atchison, Topeka and Santa Fe
Ry. Co., but whose Statistics are not Included in the Accounts of the Consoli-
dated System.
BEAUMONT WHARF AND TERMINAL CO.— In city of Beaumont, Tex. (main line.
2.27 m.; branches, 0.95 m.), 3.22 miles. Gauge, 4 ft. 8| in. Rail (steel), 56 Ibs. Chartered
March 23, 1897; commenced business in 1898. A controlling interest in the capital stock of
this company has been acquired by The Atchison, Topeka and Santa Fe Ry. Co. Locomotives,
2. Cars (box freight), 88. The cars are leased to the Gulf, Beaumont and Kansas City Ry.
Co.
Operations, year ending June 30, 1901. — Gross earnings (switching and miscellaneous),
$47,551. Operating expenses, $40,193. Net earnings, $7,357. Payments: Interest on bonds,
$5,000; other interest, $747; taxes, $295— total, $6,042. Surplus, $1,315; surplus forward,
$9,181— total, $10,496. Less deductions during the year, $2,863. Net surplus, $7,633.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $60.000. Funded
debt (gold 5s of July 1, 1930), $100,000; equipment notes, $22,890; current liabilities, $7,300;
taxes accrued, $150; rolling stock replacement fund, $977; profit and loss, $7,633— total,
POOR'S MANUAL— THE ATCHISON, TOPEKA AND SANTA FE SYSTEM. 441
$198,950. Contra: Cost of property, $157,214; current accounts and balances, $36,214; cash
and current assets, $5,522— total, $198,950.
Directors (elected April 9, 1902).— E. P. Ripley, Chicago, III.; John H. Kirby, Houston,
Tex. ; J. W. Terry, L. J. Polk, A. C. Torbert, P. H. Goodwyn, Galveston, Tex. ; W. S.
Davidson, Win. Wiess, W.' A. Fletcher, Beaumont, Tex. OFFICERS : E. P. RIPLEY, Prea.,
Chicago, III.; John H. Kirby, Vice-Pres., Houston, Tex.; W. 8. David.-on, Treaa.; Qeo. B.
Gallon, Sec. & And., Beaumont, Tex. GENERAL OFFICE, Beaumont, Tex.
GULF, BEAUMONT AND GREAT NORTHERN RR.— Projected : Sabine Pass to
Paris, Tex., 350 miles. Completed to April 30, 1902: Rogan to Brookland, Tex., 43 miles.
Chartered Aug. 5, 1898. The Gulf, Beaumont and Kansas City Hy. Co. has authority from
the Texas legislature to lease this road. Construction is in progress. Capital stock author-
ized ($1,000 shares), $350,000; issued, $75,500. Funded debt (1st gold 5s of July 1, 1930),
$354,000. Cost of road as above, $470,334.
Directors (elected March 19, 1902).— P. Ripley, Chicago, 111.; John H. Kirby, Houston,
Tex.; J. W. Terry, L. J. Polk, C. F. W. Felt, P. H. Goodwyn, A. S. Jennings, A. C. Torbert,
Galveston, Tex. ; W. E. Maxson, Beaumont, Tex. OFFICERS: E. P. RIPLEY, Pres., Chicago,
111.; John H. Kirby, 1st Vice-Pres., Houston, Tex.; W. E. Maxson, '2d Vice-Pres.; Qeo. B.
Gallon, Sec. &Aud.; W. S. Davidson, Treas., Beaumont, Tex. GENERAL OFFICE, Beaumont,
Tex.
GULF, BEAUMONT AND KANSAS CITY RY.— Beaumont to Rogan, Tex .,62.87 m.;
total track (steel; 35, 52, 56, and 61 Ibs.), 77.51 miles. Gauge, 4 ft. 8| in. Chartered March
21, 1893; road opened as above in April, 1899. (See MANUAL for 1895, page 244.) Controlled
by The Atchison, Topeka and Santa Fe Ry. Co. through ownership of about 99 p. c. of the
capital stock. Locomctives, 8. Cars — passenger. 5; baggage, etc., 1; freight (box, 134; flat,
308; coal, 51; log, 259), 752; service, 16— total, 774. Of the box cars, 88 are leased.
Operations, year ending June 30, 1901. — Trains run (passenger, 36,366; freight, 64,859;
mixed, 9,o02 ; other, 14,388), 124,915 miles. Passengers carried, 34,323 ; carried one mile,
904,645. Tons freight moved, 508,157; ton-miles, 12,879,906. Earnings (passenger, $25,329;
freight, $230,995; other, $23,725), $280,049. Operating expenses, $220,865. Net earnings,
$59,184. Payments: Interest on bonds, $81,841; other interest, $461; taxes, $5,338; other
charges, $524— total, $88,164. Deficit, $28,980 ; surplus forward, $58,570 ; less deductions
during year, $12,687; net surplus, $16,903.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000; funded
debt, $1,499,500; equipment notes, $119,687; current liabilities, $135,520; interest accrued,
$35,096; accrued taxrs, $2,550; cancelled bonds, f 500 ; rolling stock replacement fund,
$2,197; profit and loss, $16,903— total, $2,311,953. Contra: Cost of roud and equipment,
$2,219,238; materials, etc., $29,125; cash and current assets, $63,590— total, $2,311,953.
Funded Debt outstanding on June 30, 1901, consisted of $749,500 ($750,000 auth.) 1st 6s
of Aug. 1, 1913; $176,000 2d 6s of Aug. 1, 1913; and $574,000 2d 5s of Aug. 1, 1913.
Directors (elected March 19, 1902).— E. P. Ripley, Chicago, 111.; J. H. Kirby, Houston,
Tex.; L. J. Polk, J. W. Terry, A. C. Torbert, W. C. Nixon, Galveston, Tex.; W. E. Maxson,
Beaumont, Tex. OFFICERS: E. P. RIPLEY, Pres., Chicago, 111.; J. H. Kirby, 1st Vice-Pres.,
Houston, Tex.; W. E. Maxson, 2d Vice-Pres.; W. S. Davidson, Treaa.; Geo. B. Gallon, See.
& Aud. , Beaumont, Tex. GENERAL OFFICE, Beaumont, Tez.
KANSAS SOUTHWESTERN RY. (THE).— Cale Junction to Anthony, Kan., 59.35m.;
trackage, St. L. & S. F. RR., Cale Junction to Arkansas City, Kan., 0.35 m. — total, 59.70 m.;
total track owned (steel; 56 Ibs.), 64.35 miles. Gauge, 4 ft. 81 iu. Chartered Oct. 24, 1901,
to acquire and operate the property formerly of the St. Louis, Kansas and Southwestern RR.
Co., which was sold under foreclosure on Oct. 22, 1898, and afterwards operated by the pur-
chaser under the title of The Kansas Southwestern RR. (see MANUAL for 1901, page 542).
Capital stock, $362,000, one-half of which is owned by The Atchison, Topeka and Santa Fe
Ry. Co. and the other half by the St. Louis and San Francisco RR. Co. The road is operated
by its own organization.
Directors.— D. H. Nichols, Arkansas City, Kan.; E. P. Ripley, Chicago, 111.; H. U.
Mudge, E. Wilder, Topeka, Kan.; B. F. Yoakum, B. L. Winchell, A. Douglas, St. Louis, Mo.
OFFICERS: D. H. NICHOLS, Pres., Arkansas City, Kan.; A. Douglas, Aud., St. Louis, Mo.
GENERAL OFFICE, Arkansas City, Kan.
PECOS VALLEY AND NORTHEASTERN RY.—Pecos to Amarillo, Tex., 370.24 m.;
total track (steel; 56 Ibs.), 392.61 miles. Gauge, 4 ft. 8^ in. Successor to the Pecos Valley
RR. Co., whose property was sold under for< closure on April 19, 1898. (See MANUAL for
1898, page 860.) The road was opened throughout on March 1, 1899. The section from
Pecos to the New Mexico Line, 54.27 miles, is known as the Pecos River RR.; the section
from Amarillo to the New Mexico Line, 94 50 miles, is known as the Pecos and Northern
Texas Ry. The laws of the State of Texas require the maintenance of these separate organ-
izations. Their capital stocks, except the shares held by directors, are deposited with the
442
POOR S MANUAL OF KAILROADS— SOUTHWESTERN GROUP.
Central Trust Co. of New York, N. Y., as part security for the bonds of ibis company.
Atchison, Topeka and Santa Fe Ry. Co. has acquired a majority of the bonds and a majorir
of each class of stock of the P. V. & N. Ry. Co. Locomotives, 18. Cars — passenger, 0
gage, etc., 7; freight (box, 20; flat, 61; coal, 35), 116; other, 34— total, 166. Since th.' 'olos
of the fiscal year the company has purchased 66 box cars ; 3 passenger cars have been MB 1
and 1 box, 15 flat, and 14 service cars have been scrapped.
Operations, year ending June 30, 1901. — Trains run (passenger, 44,121; freight, 126,081
mixed, 237,286; other, 17,937), 425,425 miles. Passengers carried, 45,552; carried one mile
2,523,367. Tons freight moved, 162,690; ton-miles, 14,458,906. Earnings (passenger, $82,8|B
freight, $318,975 ; other, $52,813), $454,651. Operating expenses, $338,240. Net e.ir>
$116,411; other receipts, $2,047— total, $118,458. Fixed charges (including taxes), $10
Deficit, $47,690; deficit forward, $27,022; sundry deductions during year, $22,800— tola
deficit, $97,572.
General Balance Sheet, June 30, 1901. — Capital stock ($3,162,000 common and $,'5,162,00
6 p. c. non-cumulative preferred; $100 bhares), $6,324,000. Funded debt (1st gold 5s of Jan
1, 1948; $3,162,000 auth.), $2,984,000; current liabilities, $150,452; taxes, accrued, $8,608-
total, $9,467,060. Contra: Cost of road and equipment, $9,085.352; bonds in treasury
$68,000; materials, etc., $23,171; current accounts, $51,379; cash, $141,586; profit and lose
$97,572— total, $9,467,060.
Directors (as constituted Jan. 1, 1902). — H. U. Mudge, Topeka, Kan. ; Avery Turner
D. A Sweet, A. L. Conrad, J. C. Paul, Amarillo, Tex.; J*. J. Hagerman, E. A. Cahoon. Job)
W. Poe, Roswell, N. Mex.; E. P. Ripley, E. D. Kenna, Chicago, 111. OFFICERS: H. U. MUDOR
Pres., Topeka, Kan.; Avery Turner, Vice-Pres.; D. A. Sweet, Sec.; J. C. Paul, Treas.; A
L. Conrad, And., Amarillo, Tex. GENERAL OFFICE, Amarillo, Tex.
SANTA FE, PRESCOTT AND PHCENIX RY.— Ash Fork to Phoanix, Ariz., 197.6 m.
Prescott and Eastern RR. (leased), P. & E. June, to Mayer, Ariz., 26.4 m. — total operated
224 miles. Sidings, etc. (leased, 3.58 m.), 24.50 m.; total track (steel; 56, 57, and 65 ll-s.)
248.50 miles. Gauge, 4 ft. 8A in. Chartered May 27, 1891 ; road opened throughout on Marcl
13, 1895. (See MANUAL for 1898, page 272.) This company is exempt from taxation fo
twenty years from 1891. The Prescott and Eastern RR. (see appended statement) is operate(
under a lease by this company. The Atchison, Topeka and Santa Fe Ry. Co. has purchase*
practically all the capital stock and $2.963,000 of the second mortgage bonds of this company
Locomotives, 10. Cars — passenger, 6; baggage, etc., 6; freight (box, 24; flat, 29; coal, 16)'
69; way, 5; other, 14— total cars, 100.
Operations, year ending June 30, 1901. — Trains run (passenger, 150,067; freight, 148,905
mixed, 25,498), 324,470 miles. Passengers carried, 59,939; carried one mile, 4,738,698. Ton:
freight moved, 214,005 ; ton-miles, 15,868,860. Earnings (passenger, $205,556 ; freight
$631,341; other, $119,727), $956,624. Operating expenses, $439,975. Net earnings, $516, (>49
other receipts, $9,062— total, $525,711. Payments: Interest on bonds, $395,200; rental (P
& E. RR.), $17,638; internal revenue tax, $420— total, $413,258. Surplus, $112.453; surplui
forward, $203,629 — total, $316,082. Less amount expended during fiscal year on Hell Canyoi
Cut Off, $101,387. Surplus, June 30, 1901, $214,695.
Operations, year ending June 30, 1902. — Gross earnings, $1,050,035.01. Operating ex
penses, $437,817.31. Net earnings, $612,217.70; income from investments, $5,732.55 — total
net income, $617,950.25. Fixed charges, $113,435.57. Surplus, $204,514.68.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($40,000 p. m. auth.; $1(X
shares), $7,904,000; funded debt (1st 5s of Sept. 1, 1942, $4,940,000; 2d 5s of July 1, 1943
$2,964,000), $7,904,000; bonds of P. & E. RR. Co. guaranteed under lease (contra). $358,000
P. & E. RR. contingent liability under agreement (contra), $17,000; accrued rental, P. & E
RR.,$4,475; interest accrued, $82,333; interest due for coupons unpresented, $75,977: current
liabilities, $176,137; reserve renewal fund, $26,850 ; surplus, $2-14.695— tot .«], $16,763.467.
Contra: Cost of road, $15,623,301; equipment, $205,66'5; investments (see below), $58.000
materials, etc., $136,932; leasehold interest and stock, P. & E. RR. Co. (contra), $358,000
unexpired insurance premium, $3.152; P. & E. RR. 1st tntge. bonds in trust (contra), $17,000
P. & E. RR. construction, $969; Bradshaw Mtn. RR. Survey, $6,020; cash and current assets,
$354,428— total, $16,763,467.
"Investments" consisted of $55,000 P. & E. RR. bonds, and $3,000 Hot Springs RR,
bonds.
By contract the Atchison, Topeka and Santa Fe Ry. Co. covenants to pay to the trustee
of the 1st mtge. bonds an arbitrary 5 p. c. of the gross revenue of its system derived from
interchange of business with this company, to be applied to the payment of interest on those
bonds. The company guarantees, both as to principal and interest, the bonds of the Prescotl
and Eastern RR. Co.
PRESCOTT AND EASTERN RR.— P. & E. June
to Mayer, Ariz., 26.4 m. ; total track (steel; 56
Ibs.), 20.98 miles. Chartered Sept. 14, 1897; road
opened Oct. 15, 1898. Operated under lease by
the S. F., P. & P. Ry. Co. Locomotives, 2. Cap-
ital stock ($100 shares), $792,000. Funded debt
(1st 5s of April. 1, 1948. Int. A. & O.). $375.000.
This stock Is owned and the bonds are guaranteed
by the S. F., P. & P. Ry. Co. F. M. Murphy,
Pres., Prescott, Ariz. Office, Prescolt. Ariz.
POOR'S MANUAL OF RAILROADS.
443
Directors (S. F., P. & P. Ry.).— F. M. Murphy, E. B. Gage, Proscott, Ariz. ; E. P. Ripley,
Chicago, III.; Victor Morawetz, R. Somers Hayes, Charles Steele, Thomas P. Fowler, Edward
,1. Unwind, New York, N.Y. ; Benjamin P. Cheney, Boston, Mass. OFFICERS: F. M. MURPHY,
Preit. & Gen. Mgr,, Prescott, Ariz. ; E. D. Kenna, Vice-Pres., Chicago, 111. ; W. Fairbank, Sec.
((• Trecis., Prescott, Ariz. GENERAL OFFICE, Prescott, Ariz.
COLORADO AND SOUTHERN RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 6
Car Trust Notes 9
Directors and Officers 11
Dividend Rights 6
Burnings, etc., 19(10 and 1901 10
Kiirniiifjs, Expenses, etc., 1901... 4
Equipment 3
Funded Debt Details 8
Gen. Balance Sheet, 1900 and 1901 10
Gen. Balance Sheet, June 30, 1901 5
History 2
Income Account, 1900 and 1901.. 10
Income Account, Jnne 30, 1901... 4
Interest, in F. W. & D. C. Ky.. . . 2
Mileage Operated June 30, 1901 . . 1
Mortgage Restriction 6
Operations and Income, 1900-1901 10
Preferred Stock Preference 6
Rolling Stock 3
Trust Equipment 3
Voting Trust 7
1. Main Line of Road.— Denver, Col., to Texline, N. M 356.60 miles.
Other Divisions, Branches, and Extensions, including Trackage Rights 784.95 "
Total length of lines operated, June 30, 1901 1,141.55 miles.
Sidings, etc., 216.86 miles. Gauges, 4 ft. 8£ in. and 3 ft. Rail (steel, 970.09 m.), 45 to 85 Ibs.
la. Statement of mileage as operated by divisions, June 80, 1901 :
WYOMING DISTRICT.
Cheyenne to Orin June., Wyo
FORT COLLINS DISTRICT (148.97 m.).
Denver via Boulder and Ft. Collins to Greeley,Col.
Fort Collins to Stout, Col
Louisville to Lafayette, Col
Loveland to Arkins, Col
Louisville Junction to Boulder Junction, Col. ..
Allan Bond Mine Spur
Denver West Side Line
Jersey Cut-off
Boulder to C. & N. W. Connection
CLEAR CREEK DISTRICT (65.49 m.).
Argo Junction to Silver Plume, Col
Forks Creek to Central City, Col
Golden, Col., to Churches Brick Yard
PUEBLO DISTRICT (134.05 m.).
Denver to Manitou Junction, Col
Manitou Junction to Gulf Junction, Col
Maniton Junction to Colorado Springs
Pueblo Freight House Track
TRINIDAD DISTRICT (55m.).
Gulf Junction to Bessemer Junction, Col.
Walsenburg to Trinidad, Col ,
Acme to Aguilar, Col
Ludlow to Hastings, Col
Ludlow to Berwind, Col
Chicosa Junction to Forbes Junction, Col.
Miles.
153.08
98.73
14.94
3.78
8.24
11.47
3.24
4.85
3.08
0.64
52.02
11.81
1.66
81.51
42.86
9.12
0.56
3.63
41.52
2.51
3.97
3.21
1.16
NEW MEXICO DISTRICT (191.86m.). Miles.
Trinidad, Col., to Texline, N. M 134.67
Trinidad, Col., to Vaequez, N. M 39.43
Catskill to Newton, N. M 9.25
Beshoar, Col., to Grey Creek Mines, N. M 7.85
Sopris to Sopris Mines, Col 0.66
PLATTE CANON DISTRICT (98.08 m.).
Denver to Como, Col 88. 12
Sheridan Junction to Morrison, Col 9.96
LEADVILLK DISTBICT (71.25 m.).
Como to Leadville, Col 63.08
Dickey to Keystone, Col 7.04
Kokomo, Col., to Wilfley's Mill 1.14
GTJNNISON DISTRICT (164.51 m.).
Como to Baldwin, Col 131 .05
Garos to Alma, Col 15.41
Hill Top to Leavick, Col 11.32
Schwanders to Buena Vista, Col 3 .98
Cattleton to Alpine Coal Co.'s Mine 2.49
King Coal Branch 0 .26
Total Mileage Owned 1,082.90
Operated jointly with D. & R. G. KR. Co.:
Gulf Junction to Walsenburg, Col 56.04
Walsenbnrg to Robinson's Mine, Col 2.61
Total Mileage Operated 1 ,141 .55
2. History. — Chartered Dec. 20, 1898, as successor to the Union Pacific, Denver and Gulf
and the Denver, Leadville and Gunnison Ry. Cos., whose properties were sold under fore-
closure on Nov. 19, 1898. (See MANUAL for 1898, pages 210 and 854.) The company took
possession of the property at midnight on Jan. 11, 1899. The Julesburg branch of the Union
Pacific, Denver and Gulf Ry., from Julesburg to La Salle, Col., 151.53 miles, has been sold to
the Union Pacific KR. Co., and trackage rights have been secured over the Union Pacific RR.
from Denver to Cheyenne.
The company owns $6,375,975, being a majority of the capital stock of the Fort Worth
and Denver City Ry. Co., a corporation of the State of Texas, whose road extends from
Texline to Fort Worth, Tex., a distance of about 454 miles. (See GENERAL INDEX.)
3. Rolling Stock, June 30, 1901. — Locomotives (standard gauge, 97 ; narrow gauge, 51),
148. Cars — Standard Gauge : Passenger, 32 ; chair, 3 ; cafe, 3 ; combination, 7 ; baggage,
etc., 11 ; freight (box, 1,213 ; coal, 1,183 ; stock, 299 ; flat, 87 ; refrigerator, 67 ; furniture,
25; charcoal, 20 ; tank, 3), 2,897; caboose, 40; service, 27— total cars, 3,020. Narrate Gauge ',
Passenger, 52 ; combination, 10 ; baggage, etc., 10 ; freight (box, 494; coal, 603 ; stock, 63 ;
444 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
flat, 44 ; refrigerator, 30), 1,234 ; caboose, 14 ; service, 25 — total cars, 1,345. Of this equip,
ment, 287 standard-gauge coal cars, 50 narrow-gauge stock cars, 10 standard-gauge passenger
cars and 3 narrow-gauge passenger cars are covered by car trust. Since June 30, 1901, there
have been added 50 box cars, 2 baggage cars, and 11 locomotives. There have also been pur-
chased 333 gondolas and 98 flat cars. The gondolas will be paid for 20 p. c. in cash and the
remainder in 5 p. c. notes for $3,398.45 each, maturing monthly until Sept. 2, 1906, which
notes may be paid off at any time at the option of the company. The flat cars will be paid
for in cash.
4. General Income Account, year ending June 30, 1901.
Expenses— Maint. Way and Structures £697,843 49
Maintenance of Equipment .... (>:;
Conducting Transportation 2,01
General Expenses i.v
Total ($3,072-90 per mile) $3,507,870 14
Earning— Passenger $859,441 36
Freight 3,720,023 40
Mail and Express 160,298 56
Miscellaneous. 64,285 97
Total ($4,200.12 per mile) $4,794,649 29
4a. Net earnings (26.84 p. c.), $1,286,779.15 ; add income from investments, $39,391.77;
interest, discount and exchange, $7,986.71 ; insurance commissions, $1,938.33 — total income,
$1,336,095.96. Payments : Interest on bonds, $715,120 ; taxes, $204,430.89 ; war revenue tax,
$3,755.90 ; fiscal year's proportion of discount on bonds, $767.85 ; fiscal year's proportion of
interest on car trust notes, $6,373.76— total, $930,448.40. Surplus : $405,647.56 ; surplus
forward, $199,798.63— total, $605,446.19. Less dividend No. 2 on the 1st preferred capital
stock (2 p. c.), $170,000. Surplus carried to credit of profit and loss, $435,446.19.
5. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $63,523,391 79
Improvements 780,29911
New Equipment 591,146 26
Discount on Bonds 50,832 15
Materials and Supplies 298,620 69
Cash 665,911 86
•General Assets 1,413,50093
Current Accounts 352,410 73
Total Assets $67,676,11352
Common Stock ($100 shares) $31,000,000 00
First Preferred Stock ($100 shares).... 8,500,00000
Second Preferred Stock ($100 shares).... 8,500,000 00
Funded Debt Outstanding 17,903,000 00
Car Trust Notes 198,194 14
Current Liabilities 644,523 15
Accrued Taxes 187,13339 *
Accrued Interest, not yet Due 298,:-;-
Rails Released not Relaid 9,433 32
Profit and Loss 435,446 19
Total Liabilities $67,676,113 52
* Consisting of Colorado and Southern Ry. Co. 1st mtge. bonds, $45,716.15; C. & S. Ry. Co. 1st preferred
stock trust certificates, $776.25; C. & S. Ry. Co. 2d preferred stock trust certificates, $15,440.62; C. & S. Ry.
Co. common stock trust certificates, $1.08; Denver Union Depot and Ry. Co. capital stock, $80,000;
Pueblo Union Depot and RR. Co. capital stock, $8,120; Pueblo Union Depot and RR. Co. sinking fund,
$8,800; cash in hands of trustee, received in payment of property and securities pledged under the
mortgage, $80,301.25; other securities, $1,174,345.58— total, $1,413,500.93.
6. Capital Stock. — The general balance sheet shows the authorized capital stock and (in " General
Assets ") the amount of each class owned by the company. The preferred stock, in order of priority, is
entitled to dividends at the rate of 4 p. c. per annum, non-cumulative, before any dividends can be paid on the
common stock. The company reserves the right to redeem its preferred stock at any time at par in cash, if
allowed by law. It is provided that no additional mortgage shall be put upon the property embraced in the
first mortgage of 1899, nor the amount of the 1st preferred stock be increased, except with the consent in
each instance of the holders of a majority of the whole amount of 1st preferred stock, given at a meeting
of the stockholders called for that purpose. During the existence of the voting trust, the voting trustees
shall not vote on the 1st preferred stock for the purposes indicated without the consent of holders of the
like amount of that class of beneficial certificates.
7. Voting: Trust. — All of the capital stock, except 50 shares of the common stock, is held by Gren-
ville M. Dodge, Frederic P. Olcott, Harry Walters, Henry Budge and J. Kennedy Tod as voting trustees under
an agreement dated Dec. 31, 1898, and to endure until Jan. 1, 1904, or for such further period as may elapse
before the 1st preferred stock shall have received a 4 p.. c. cash dividend for three consecutive years, although
the voting trustees may, in their discretion, deliver the stock at any earlier date. Until delivery of stock is
made the voting trustees will issue certificates of beneficial interest entitling the holders to their shares at
the termination of the voting trust and to any dividends that may be declared in the meantime.
8. Funded Debt — The funded debt consists of 1st gold 4s of Feb. 1, 1929. int. F. & A., at the
office of the trustee. The authorized issue is $20,000,000, the unissued bonds being reserved for additions, im-
provements, and betterments, and for new construction or acquisitions, including the acquisition of coal prop-
erties. These bonds, except such of them as shall be used for the acquisition of coal properties, are to be
issued at a rate not exceeding $300,000 per annum. The mortgage covers the entire property of the company,
including future acquisitions, but subject, as to these, to any liens thereon at the time of acquisition, and to
purchase money liens created in such acquisition. It is provided in the mortgage that the Cheyenne and
Northern line (from Cheyenne to Orin Junction, Wyo., 153.68 miles) may be sold and the proceeds applied
toward the reduction of the first mortgage indebtedness. Since the date of the balance sheet there have
been issued $447,000 additional bonds, making a total of $18,350,000 now outstanding. Additional partic-
ulars respecting the funded debt will be found in the Ready Reference Bond List — see General Index.
9. Car Trnst Notes.— The amount of car trust notes, outstanding on June 30, 1901, was $198,-
194.14, payable at rate of $3,300.19 per month until May 25, 1905, and $879.29 per month until July 21, 1905.
POOR'S MANUAL OF RAILROADS,
445
1O. Statement of operations, income and balances for two years ending June 30 :
1900
1901
1900
1901
Miles of Road Operated
1,141.55
861,496
1,586,121
111,610
1,141.55
868,857
1,599,894
119,003
Net Earnings
8
1,104,891 28
38,423 02
ft
1,286,779 15
49,316 81
Revenue Train Mileage :
Passenger
Other Receipts
Freight
Total Income ....
Mixed
1,143,314 30
696,196 67
197,923 00
3,85022
1,336,095 96
715,120 00
204,430 89
3,75590
76785
6,373 76
170,000 00
Total
Interest on Bonds
2,559,327
605,06')
27,102,650
2,564,547
258,943,438
$
811,835 05
3,216,917 51
165,478 94
43,511 49
2,587,751
687,887
31,351,208
2,927,364
308,179,266
$
859,441 3C
3,720,623 40
160,298 5ti
54,285 97
Passengers Carried
Taxes
War Revenue THX
nger Mileage
Fiscal Year's Proportion of
Discount on Bonds
Freight (tons) Moved
Proportion of Interest on Car
Trust Notes . . . . . .
Freight (ton) Miles
Dividends
170,000 00
Total Deductions
Freight
1,067,969 89
75,344 41
48,000,000 00
17,603,000 00
1,399,072 01
199,798 63
1,100,44840
235,647 56
48,000,000 00
17,903,000 00
1,337,667 33
435,446 19
Mail and Express. .
Other
Balance, Surplus
Total
4,237,742 99
3,132,851 71
4,794,649 29
3,507,870 14
Funded Debt
Operating Expenses
Other Liabilities
1,104,891 28
3,712 27
2,744 39
96788
73.93 p. c.
2.995 c.
1.242C.
1,286,77'9 15
4,200 12
3,072 90
1,127 22
73.16 p. c.
2.741 c.
1.207c.
Total Liabilities
Gross Earnings per Mile .
67,201,870 64
64,294,479 54
338,576 40
806,707 17
1,762,107 53
67,676,11352
64,894,837 16
298,620 69
1,413,50093
1,069,154 74
Cost of Road and Equipment. .
Materials and Supplies . . .
Gross Expenses per Mile
Net Earnings per Mile
General Assets
Expenses to Earnings
Other Assets
Aver. Rate per Pass, per Mile.
Aver. Rate per Ton per Mile. .
Total Assets
67,201,870 64
67,676,113 52
11. Directors (as constituted July 1, 1902).— G. M. Dodge, Henry Budge, J. Kennedy Tod,
E. C. Henderson, Frederic P. Olcott, E. J. Berwind, Adolph Lewisohu, Harry Bronner, John
J. Emery, Norman B. Ream, Edwin Hawley, New York, N. Y. ; Harry Walters, Baltimore,
Md. ; Frank Trumbull, Denver, Col.
G. M. DODGE, Chairman Board of Directors New York, N. Y.
FRANK TRUMBULL, President and General Manager Denver, Col.
Sec. <£ Treas.— Harry Bronner New York, N. Y. | General Auditor— A. D. Parker Denver, Col.
PRINCIPAL OFFICE AND ADDRESS Cooper Building, Denver, Col.
Eastern Office 74 Broadway, New York, N. Y.
COLORADO MIDLAND RAILWAY COMPANY (THE).
Mileage Operated, June 30, 1901. — A. LINES OWNED (total, 259.54 miles).
Main Line : Colorado Springs to New Castle, Col 222.24 miles.
Leadville Branch : Arkansas Junction to Leadville, Col 3.84 "
Aspen Branch : Aspen Junction to Aspen, Col 18.45 "
Jerome Park Branch : Cardiff to Spring Gulch, Col 15.01 "
B. LEASED JOINTLY.
Rio Grande June. RR.: Rifle Creek to end of R. G. June. Ry ... 62.08 "
C. TRACKAGE RIGHTS (total, 14.46 miles).
D. & R. G. RR. : New Castle to Rifle Creek. Col 13.44 "'
D. & R. G. RR.: End R. G. J. Ry. to Grand June., Col 0.57 "
A., T. &S. F. Ry.: Union Depot to Col. Mid. Ry. Tracks, Colorado Springs. . . 0.45 "
Total length of all lines operated, June 30, 1901 336.08 miles.
Sidings, etc. (owned), 67.69 miles. Gauge, 4 ft. 8i in. Rail (steel), 60, 65, and 75 Ibs.
History. — Chartered Oct. 11, 1897, as successor to the Colorado Midland RR. Co., whose
property was sold under foreclosure on Sept. 8, 1897. (See MANUAL for 1897, pages 190 and
1292.) The property of ihe Busk Tunnel Co. (see MANUAL for 1899, page 537) was acquired
as of July 1, 1899, and the Hagermau Pass line was abandoned at the same time.
440
POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
In May, 1900, a majority of the stock of this company was purchased in the joint interest
of the Colorado and Southern and the Rio Grande Western Ry. Cos.
Rolling Stock, June 30, 1901.— Locomotives, 60. Cars — passenger, 28; baggage, mail
and express, 14 ; freight (box, 649 ; flat, 107 ; stock, 124 ; coal, 645 ; refrigerator, 20 ; caboose,
22), 1,567 ; service cars, 8— total cars, 1,617.
Operations, year ending June 30, 1901. — See tabulated statement below.
Expenses— Maint. of Way and Structures.. $306,18094
Maintenance Equipment 312,13490
Conducting Transportation 1,003,334 80
General Expenses 80,327 93
Total ($5,064.18 per mile) $1,701,968 57
Earnings— Passenger $334,833 57
Freight 1,889,500 29
Mail and Express 140,735 94
Miscellaneous 80,114 01
Total ($7,097.07 per mile) $2,385,183 81
Net earnings (28.65 p. c.), $683,215.24; add interest and dividends, $34,208.97— total,
$717,484.21. Payments: Interest on bonds, $353,460 ; rental of tracks and terminals, $56,-
736.53; taxes, $105,512.68— total, $515,709.21. Surplus, $201,775; surplus forward,
$98,147. 27-total ($299,922.27, less deductions during the year, $3,597.15), $296,325.12.
Statement of operations, income, etc., for eight years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated (Aver.)
Passenger Train Miles . . . .
Freight Train Miles
343.51
335,113
610,724
343.51
343,415
592,334
335.97
426,639
646,111
335.97
521,362
502,662
342.50
553,640
587,804
342.50
467,438
499,809
336.08
566,550
548338
336.08
600,225
640,132
Total Engine Mileage ....
1,372,584
2 175,775
1 814,938
2 031 666
1 805 759
2 041 875
1 240 357
85 434
186 756
164 691
165 387
154 100
222 536
221 004
Passenger Mileage
4,413,491
8 818 810
7 644 245
9 778 083
8 151 782
11 740 861
1 1 935 271
Freight (tons) Moved . . .
487,273
707,234
631 618
734854
749 928
925 432
1 058 569
Freight (ton) Miles . .
62,006,829
86,287,003
78,003,654
92,236,396
80,235,765
90 356 972
115,347854
Earnings — Passenger
$
200,943
$
138,729
$
270,635
$
251,261
$
255,932
$
226,009
$
338 235
$
334,833
Freight
1,140,188
1,338,492
1,570,499
1,361,970
1,402,743
1,308,152
1,715,623
1,889,500
Mail & Express.
Other. . . .
77,651
44,474
69,958
45,278
45,622
19524
47,764
10,548
51,258
21 510
98,634
27 003
119.551
23 628
140,736
20 114
Total Earnings
1,463,256
1,592,457
1,906,280
1,671,543
1,731,443
1,659,798
2 197 037
2 385,183
Operating Expenses
1,341,589
1,223,510
1,348,213
1,336,169
1,385,685
1,364,450
1,571,045
1,701,968
Net Earnings
Payments : Int. on Bonds..
Other Interest .
121,667
602,387
88,829
368,947
598,668
8,845
558,067
36,193
335,374
31,403
345,758
174,680
295.348
172,940
625,992
343,920
683,215
353,460
Taxes
115,500
105,750
103,139
102,900
100,000
92480
% 1:32
105 513
Rentals, etc
8R.R02
146,373
190,053
184,916
*58,985
*27,723
*109,501
56,736
Total Payments
893,317
859,637
329,385
319,219
*333 665
293 143
549 553
515 709
Balance ( + or — )
—771,650
—490,689
+ 228,682
+ 16,155
+ 12,093
+ 2,205
+ 76,439
+ 201,775
Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile. .
4,259 71
3,905 53
35418
91.68 p. c.
4,60378
3,561 79
1,041 99
76.83 p. c.
3.14 c.
2.16 c.
5,673 96
4,012 90
1,661 06
70.73 p. C.
3.07 C.
1.82C.
4,975 27
3,977 05
99822
79.94 p. c.
3.28 C.
1.74 c.
5,055 31
4,04581
1,00950
80.93 p. C.
2.62 c.
1.52 C.
4,846 13
3,98380
86233
82.21 p. t.
2.77 C.
1.63 C.
6,537 24
4,674 62
1,862 62
71.51 p. c.
2.88 c.
1.89 c.
7,097 07
5.06418
2,032 89
71.36 p. C.
2.81 c.
1.64 c.
* Less other receipt!.
General Balance Sheet, June 30, 1901.
Cost of Road $16,168,072 19
Cost of Equipment 1,253,810 58
Materials and Supplies 131,46569
Bills Receivable 63,240 35
Current Accounts 62,675 56
Cash on Hand 597,321 29
Total Assets $18,276,585 66
Common Stock ($100 shares) $3,421,300 00
Preferred Stock ($100 shares) 4,954,80000
Funded Debt Outstanding (see below) . . 8,946,000 00
Current Liabilities 439,025 54
Interest Accrued on Bonds 219,13500
Profit and Loss 296,325 12
Total Liabilities $18,276,585 66
Capital Stock.— The capital stock authorized is $10,000,000, consisting of $4,000,000 common stock
and $6,000,000 non-cumulative 4 p. c. preferred stock
Funded Debt consists of ($10,000,000 authorized) 1st gold 4s of July 1, 1947, int. J. & J., at the office
of the trustee. Central Trust Co., New York, N. Y. On June 22, 1900, the directors decided that interest on
all bonds issued and to be issued under the first mortgage shall be paid hereafter in cash at the uniform rate of
4 p. c. per annum, and at the same time the right to make the last $500,000 of bonds prior in lien to the
remainder of the issue was waived. (See Manual for 1900, page 472.) The bonds are secured on the entire
property of the company.
Directors (elected NOT. 21, 1901).— Frank Trumbull, Edward T. Jeffery, George W.
POOR'S MANUAL OF RAILROADS.
447
•ani'-r, Denver, Col. ; Henry Budge, J. Kennedy Tod, Grenville M. Dodge, E. C. Hender-
IQ, George J. Gould, Edwin Gould, Winslow 8. Pierce, New York, N. Y.
FKANK TnuMBtTLL, President Denver, Col.
George W. Kramer, Vice- President " "
leat.—il. B. Ilcnson, 195 B'way New York, N.Y. I Gen. Manager— Chas. H. Schlacks Denver, Col.
, -Harry Bronner, 74 B'dway . . | Auditor— W. S. Wing
PRINCIPAL OFFICE AND ADDRESS Denver, Col.
DENVEE AND RIO GRANDE RAILROAD COMPANY.
(For map of this road, see page 449.)
IXDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
pital Stock 8
Irectors and Officers 13
riling. Expenses, etc., 1901... 5
minus, etc., 18(.I4-1'J01 10
i mlrd Debt, Details of 9
I'n. Balance Sheet, June 30, 1901 7
Gen. Balance Sheet, 1894-1901 ... 10
History 2
Income Account, June 30, 1901.. . 5
Leased Lines, Statements of 12
Mileage Operated, June 30, 1901 . . 1
Mileage Operated, 1894-1901 10
Mileage by Divisions ?,
Operations & Income, 1894-1901. 10
Profit and Loss, June 30, 1901 6
Rolling Stock 4
Securities Owned... ..11
1. Mileaare Operated. June 30, 1901.
loin Line of Road: Denver, Col., to Rifle, Col 892.46 m.
Derated jointly : Rio Grande June. Ry.: Rifle to Grand June., Col. 62.08 m. — 454.54 miles.
Jther Divisions and Branches Owned (see statement below) 1,227.10 "
based : Rio Grande Gunnison Ry.: Wagon Wheel Gap to Creede, Col 9.59 "
Total length of lines operated, June 30, 1901 .1,691.23 miles.
11 track, 35.51 m. ; sidings, 356.25 miles. Gauges, 3 ft. and 4 ft.8£ in. Rail (steel, 1,870.00
:.), 30 to 85 Ibs.
2. History.— Organized July 14, 1886, as successor to the Denver and Rio Graude Ry. Co.
ihose property was sold under foreclosure July 12, 1886. (See MANUAL fo* 1891, page 691.)
he Rio Grande Junction Ry. (statement for which see) was built jointly by this company
•id the Colorado Midland Ry. Co., and is leased, and its bonds guaranteed jointly by the two
>mpanies. In Nov., 1890, a through standard-gauge route was opened between Denver and
Igden over this road, the Rio Grande Junction Ry., and the Rio Grande Western Ry.
At a special meeting of the stockholders held on May 15, 1901, authority was voted for
ie purchase of the Rio Grande Western Ry. (sec GENERAL INDEX), and for the issuing of
'20,750,000 of preferred stock for that purpose. Pursuant to such authority the company
as acquired the common stock of the Rio Grande Western Ry. Co., and has arranged for
tie conversion of the Rio Grande Western preferred stock into its own preferred stock at the
ite of $100 of the former for $110 of the latter. Arrangements have also been made for
he acquisition by the Rio Grande Western By. Co. of the capital stock of the Utah Fuel Co.
3. Statement of mileage as operated by divisions, June 30, 1901 :
First Division T402.47 m.). Miles.
st Dist.— Denver to Pueblo, Col 119.09
d Diet.— Pueblo to Salida, Col 95.95
d Dist.— Pueblo to Tnnidad, Col 91.51
th Dist.— Cuchara Junction to La Veta, Col 21.68
tranches and Spurs : Manitou, 5.14; Loma, 4.85;
Rouse, 5.41; Conchita, 5.36; Engleville Coal, 6.4;
Fort Logan. 2.51; Coal Creek, 3.19; Oak Creek,
2.63; Chandler Creek, 4.61; Fremont, 1.89; Castle
Rock Quarry, 4.26; Douglas Quarry, 2.42; West-
cliffe, 25.57 74.24
Second Division (337.41 m.).
( Salida to Leadville, Col 60.78
st Dist. K Malta to Minturn,Col 31.01
f Leadville to Leadville Junction, Col .... 3.26
d Dist.— Minturnto New Casile, Col 71.52
tifle T'reek Ext.— New Castle to Rifle, Col. (leased
to Rio Grande Junction Ry.) 13.44
tranches : Blue River, 36.28 ; Aspen, 42.40 ; Calu-
met, 7.31 ; Iron Silver Mine, 2.33 ; Chrysolite
Extension, 7.00 95.32
tio Grande Jet. Ry. : Rifle Creek to Grand Junc-
tion, Col 62.08
Third Division (443.78 m.). Miles.
1st Dist.— Salida to Gunnison, Col 73.60
2d Dist. — Gunnison to Grand Junction, Col 135.85
3d Dist. — Mears Junction, to Alamosa 73.44
Branches and Spurs : Monarch, 15.66 ; Crested
Butte, 32.31 ; Ruby Anthracite, 10.71 ; Lake City,
35.84; Ouray, 35.70; Orient, 8.20; Aberdeen, 4.47.142.89
Grand Junction to Crevasse (leased to R. G. W.
Ry. Co.) 18.00
Fourth Division (507.57 m.).
1st Dist. — La Veta to Alamosa, Col 61.37
2d Dist. — Alamosa to Chama, Col 92.41
3d Dist.— Chama to Durango, Col 107.40
Branches and Spurs : Creede, 69.93 ; Silverton,
45.61; Espanola, 91.82; Durango and Silverton
Spurs, 1.90; Chama Lumber, 3.16 212.42
Espanola to Santa Fe (R. G. & S. Fe RR.) 33.97
Total of all lines 1,691.23
NOTE.— Of the above mileage, 18 m. from Grand Jet.
to Crevasse are leased to the Rio Grandi; Western Ry.
Co. for a term of years, at a fixed annual rental.
The Chicago, Rock Island and Pacific Ry. Co. has joint use of the line of this company's
ailroad between Denver and Pueblo, Col., a distance of 119.60 miles.
Total standard gauge (4 ft. 8£ in.) main track mileage of the company is 810.38 miles, of
448
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
which 345.71 miles are three-rail track ; the remainder of the system is of 3 ft. gauge. Trains I
to and from the narrow-gauge districts and branches are run from and to Denver by meana 1
of a third rail.
4. Rolling Stock, June 30, 1901. — Locomotives (3 ft. gauge, 139 ; 4 ft. 8i in. gauge,
187), 326 :
Passenger Train Cars.
Narrow
Gauge.
Stand'd
Gauge.
Totals.
Freight Train Cars.
Narrow
Gauge.
Stand'd
Gauge.
TotaU.
Conches
51
50
101
Box
1 757
2 277
4 ffll
Chair
5
5
Flat
622
3->4
946
Emigrant Sleepers
11
11
Slock
250
414
694
8
1.10
Coal
J 419
1 042
2 461
Express
14
I19
Charcoal .
2
<j
Combinat'n, Mail, Bag. & Ex.
12
14
26
Refrigerator ....
65
38
103
Comb'n, Coach, Bag. & Ex...
12
12
Caboose
35
90
125
Combination, Pass. & Bag . . .
5
5
Construction. ..
53
27
80
Observation
3
3
Water
4
14
18
Business
11
3
14
Oil Tank
Ifi
16
Excursion
4
4
Wrecking etc
27
11
38
5
6
Tool
5
5
Fruit
78
78
Totals
131
96
227
Totals . .
4,250
4 350
8 600
5. Income Account, ytar ending June 30, 1901.
Earnings— Passenger $2,066,228 89
Freight 8,483,442 64
Mail, Express & Miscellaneous. 897,731 83
Expenses— Maint. of Way and Structures.. $1,548,769 21
Maintenance of Equipment 1 .(!••
Transportation and General . . . 4.487,229 88
Total (16,866.81 per mile) $11,452,40336 Total ($4,271.46 per mile) $7,123,89778
5a. Net earnings (37.80 p. c.), $4,328,505.60 ; add other receipts, $111,374.37— total, $4,-
439,879.97. Payments: Interest on funded debt, $1,855,121.66 ; taxes, $373,217.58; insurance,
$•23,253.51 ; rental of lea?ed lines, $132,345.96 ; interest, discount, and exchange, $2,519.02;
dividends on preferred stock (Jan. 15 and July 15, 1901, 2£ p. c. each), $1,182,500 ; renewal
fund, $140,000— total, $3,708,957.73. Surplus, carried to credit of profit and loss, $730,922.24.
6. Profit and Loss Account, June 30, 1901.— Balance, surplus, June 30, 1900, $2,125,-
709.45 ; income balance, June 30, 1901, $7:;0,922.24 ; moneys received in settlement of sundry
accounts, $474,203.97— total, $3,330,835.66. Deduct : Cost, of exchanging 7 p. c. bonds for 4$
p. c. bonds in addition to amounts charged income in 1898, 1899, and 1900, $235,851.14 ; cost
of fifteen standard -gauge locomotives, $241,823.55 ; part cost of eight standard-gauge coaches
and six standard-gauge mail and baggage cars, $96,179.48 ; cost of ono standard-gauge dining
car, $14,183.95 ; donation to Employes' Relief Association for Salida, Hospital, $15,000; part
cost of Laws Siding, $14,519.15 ; adjustments during the year to profit and loss direct (debit,
$8,465.70; credit, $2,410.45; leaving net), $6,055.25— total, $623,612.52. Balance to credit
of profit and loss, June 30, 1901, $2,707,2-23.14.
7. General Balance Sheet, June 30, 1901.
Common Stock $38,000,000 00 j
Preferred Stock 5 p. c. non-cumulative. 23,650,000 00
Funded Debt Outstanding 43,219,500 00
Cost of Road $101,221,564 38
Equipment 4,135,141 12
Express Equipment 50,000 00
Real Estate 25,062 26
Materials and Supplies 349,119 31
Securities in the Treasury 2,385,819 56
Pueblo Union Depot Sinking Fund... 8,800 00
Current Accounts and Balances 779,010 97
Cash 1,272,890 88
Special Renewal Fund 281,651 41
Bond Coupons, including July 1, 1901. 750,548
Accrued Interest 33,833
Accrued Taxes 190,324
Accrued Rentals of Leased Lines 33,028
Dividends on Preferred Stock 591,375
Other Current Liabilities l.n:.l.:.71
Renewal Fvmd 281,651
I Profit and Loss 2,707,223
Total Liabilities $110,509,059
Total Assets $110,509,059 89 i
8. Capital Stock.— The authorized capital stock is $82,400,000, consisting of $38,000,000 of cmnm-m
stock and $44,400,000 of preferred stock, an increase of $20,750,000 in the preferred stock havinu
authorized on May 15, 1901, for the purpose of acquiring the common and preferred stock of the Rio Grande
Western Ry. Co.
». Ftmdeil Debt.— The funded debt outstanding on June 30, 1901, consisted of $28,717,000 1st
consol. gold 4s of Jan. 1, 1936; $6,382,500 1st consol. gold 4Js of Jan. 1, 1936, and $8,120,000 improvement
gold 5s of June i, 1928. Details of funded debt outstanding on or about Aug. 1, 1902, will be found in the
Ready Reference Bond List— see General Index.
Both classes of consol. mtge. bonds are secured under the same mortgage, and are first lien on the
entire property of the. company. The total amount authorized by the mortgage is $42,000,000, the unissued
bonds being reserved for future capital requirements. The improvement mortgage bonds, authorized at the
449
450
POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
rate of $5,000 per mile, were issued to provide the means for laying a third rail to broaden the nan
gauge road to the standard and for other improvements. They are subject in lien to the consol. mt
bonds.
1O. Statement of property, operations, and capital account for eight years ending June ;
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad Operated.
Average Mileage Operated..
Miles of Railroad Owned.. .
Miles of Track Owned
1,679.49
1,654.00
1,625.82
1,974.98
1,349.65
293
247
6,973
1,397,208
2,508,985
1,666.04
1,657.00
1,594.37
1,954.82
1,445.82
291
227
6,993
1,476,151
2,432,498
1,666.04
1,663.00
1,594.31
1,957.53
1,515.29
292
221
7,677
1,739,656
2,489,839
4,229,495
635,129
66,854,881
1,666.04
1,666.04
1,594.37
1,960.02
1,837.94
293
220
7,646
1,779,501
2,373,302
4,152,803
534,239
1,666.04
1,666.04
1,594.37
1,963.10
1,841.02
297
220
7,601
1,743,072
3,476,435
5,219,507
556,996
1,673.04
1,670.12
1,601.37
1,973.14
1,851.06
305
218
7,600
1,705,325
3,645,365
5.350,690
597,935
1,674.72
1,674.72
1,603.05
1,984.74
1,862.66
311
214
8,600
2,162,730
3,921,245
6,088,978
684,666
1,722.08
UV.il.23
326
227
8,600
2.337.535
776,507
Miles of Steel Rail
Locomotives
Passenger Train Cars
Freight Train Cars
Revenue Pass. Train Miles.
Revenue Fght. Train Miles.
Total Revenue Train Miles.
Passengers Carried
Passenger Mileage..
3,906,193
438,898
53,896,086
3,908,649
513,390
50,008,994
Freight (tons) Moved
1,739,253
285,931,183
1,175,184
4,529,163
771,697
1,992,764
290,349,412
$
1,183,270
4,819,905
913,666
1,966,131
314,297,313
t
1,478,911
5,179,050
893,226
1,731,694
2,596,029
3,327,948
3,781,865
4.3-J1.133
Freight (ton) Miles
Earnings— Passenger
Freight
$
1,247,991
4,894,612
802,511
$
1,360,716
6,181,777
800,433
$
1.494,479
6,961,804
813,965
8
1,776,760
7,651,643
817,677
s
2.066,229
Miscellaneous.. .
Gross Traffic Earnings
6,476,044
3,972,551
6,916,841
3,991,212
7,551.187
4,348,780
6,945,114
4,075,336
8,342,926
5,017,599
9,270,248
5,710,351
10,246,080
6,485,839
11,452.408
7.1-.W.MJ7
Operating Expense? ....
Net Earnings
2,503,492
10,300
2,925,629
14,600
3,202,406
57,335
2,869,778
51,683
3,325,327
62,403
3,559,897
110,327
3,760,241
113,683
4,328,508
111,374
Other Receipts
Available Revenue
Payments: Bond Interest..
Taxes
2,513,792
2,001, 1&3
314,330
2,940,229
1,999,086
315,151
3,259,741
1,997,950
328,105
(2) 473,000
70,351
171,944
2,921,461
1,997,950
331,113
(2) 473,000
67,323
20,879
3,387,730
1,997,950
342,411
(2^)591,250
95,793
103,074
3,670,224
1,900,810
321,829
(4) 946,000
95,133
195,723
3,873,924
1,882,106
340,332
(4) 946,000
119,110
37,914
4,439,880
1,855,128
373,218
:5)1, 182.500
13^,346
25,772
Dividends onPref. Stock.
Lease Rentals
66,291
44,328
68,822
28,479
Other Items
Total Payments
2,426,132
87,661
3,915 38
2,401 78
1,51360
61.34 p. c.
2.18 c.
1.58 c.
$
38,000,000
23,650,000
43,136,000
1,735,964
437,647
2,623,054
2,411,538
528,690
4,174 32
2,40869
1,76563
57.70 p. C.
2.32 c.
1.06 c.
$
38,000,000
23,650,000
43,136,000
1,432,729
451,575
2,130,194
3,041,350
218,392
4,540 70
2,315 02
2,22568
57.59 p. c.
2.21 C.
1.06C.
I
38,000,000
23,650,000
43,136,000
1,662,724
437,517
2,056,418
2,890,265
81,196
4,168 64
2,446 12
1,72252
58.68 p. c.
3,130,478
257,252
5,00764
3,01531
1,99233
60. 14 p. c.
3,459,495
210,729
5,55064
3,419 13
2,131 51
61.60 p. c.
3,325,462
548,462
6,11809
3,87279
2,24530
63.30 p. c.
3,568,958
870,922
6,866 81
4,271 46
2,595 35
62.20 p. C.
Balance Surplus
Gross Earnings per Mile. .
Operating Expenses p. Mile
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile
Av. Rate per Ton per Mile.
Common Stock
$
38,000,000
23,650,000
43,136,000
1,749,910
439,466
2,049,799
$
38,000,000
23,650,000
43,136,000
1,961,370
453,070
2,276,407
$
38,000,000
23,650,000
43,219,500
2,400,909
264,791
2,301,505
9
38,000,000
23,650,000
43,219,500
2,301,020
148,340
2.125,709
s
38,000,000
23.650.000
43,219,500
2,650,686
281,651
2,707,228
Preferred Stock
Funded Debt
Current Liabilities
Renewal Fund
Income Account
Total Liabilities
109,582,665
101,148,532
5,129,253
48,811
1,506,137
369,497
50,000
3,200
437,647
506,410
383,178
108,800,498
101,154,216
4,125,071
45,811
1,673,550
304,379
50,000
4,000
451,575
485,434
506,462
108,942,659
109,025,175
109,476,847
109,836,705
101,215,941
4,135,141
25.062
2,102,100
501,227
50,000
7,200
439,951
624,132
735,951
109,444,569
101,240,712
4,135,141
62,170
1,711,158
553,791
50,000
8,000
257,880
781,146
644,621
110,509,060
101,221,564
4,135,141
25.062
2,385,820
349,119
50,000
281.652
779,011
1. 272,891 j
Cost of Road
101,156,564
4,135,141
25,062
1,729,986
394,397
50,000
4,800
437,517
483,856
525,336
101,156,564
4,135,141
25,062
1,920,042
317,108
50,000
5,600
430,466
392,236
583,956
101,156,564
4,135,141
25,062
2.017,350
327,466
50,000
6,400
453,070
494,582
811,212
Equipment ...
Real Estate and Other Inv..
Securities in Treasury
Materials and Supplies
Express Equipment
Sink. F'd, Pueblo U'n Dep. .
Special Renewal Fund
Current Assets
Cash
Total Assets
109,582,605
108,800,498
108,942,659
109,025,175
109,476,847
109,836,705
109,444,569
110,509,060
The dates and rates per cent, of the dividends paid on preferred stock during the period
covered by the preceding statement are shown in the table of " Dividends Paid by Railroad
Companies." (See GENERAL, INDEX ; also MANUAL for 1896, page 525.)
The earnings of the company on traffic to and from the Rio Grande Southern RR. during1
the fiscal year were $460,858.15, against $429,457.76 for the year ending June 30, 1900. The
income of the Rio Grande Southern from all sources was $546,225.88, an increase of $17,-
POOR'S MANUAL— DENVER AND RIO GRANDE SYSTEM. 451
021.31 compared with the previous year, and there was a surplus of $45,952.39 after provid-
ing for operating expenses, interest on funded debt, taxes, insurance, and other charges
against income. (See statement for Rio Grande Southern RR. Co. below.)
11. Securities Owned by the Company, June 30, 1901.— In treasury there are 67 Denver and
Rio Grande RR. 1st consol. mtge. 4 p. c. bonds of the par value of $1,000, valued on the books at $67,000;
33 Denver and Rio Grande RR. improvement mtge. 5 p. c. bonds of $500 each, valued at $16,500; 1 Denver
and Rio Grande RR. $500 1st consol. mtge. 4J p. c. bond, valued at $500; 1,411 Rio Grande Southern RR.
$1,000 1st mtge. 4 p. c. bonds, valued on the books at, $919,366.63; 22,556 shares of the par value of $100 each
of Rio Grande Southern RR. Co. capital stock, acquired under the agreement of Feb. 27, 1895, the block
being valued on the books at $225,560; 3,750 $100 shares Rio Grande and Sante Fe RR. Co., valued at $217,-
600; 12,211i shares of the par value of $100 each of Rio Grande Junction Ry. Co. capital stock, valued at
§73,311; 1 Rio Grande Gunnison Ry. 6 p. c. bond of the par value of $100,000, valued on the books at $87,000;
ft shares, $100 each, of Pueblo Union Depot and RR. Co. capital stock, $8,120; 5,800 $100 shares Rio Grande
RR. Co., valued at $580,000; 2,000 $100 shares Rio Grande, Pagosa and Northern RR. Co. (cost to date),
valued at $85,381.93; $6,200 of other securities, valued at $5,580; total par value, $6,241,070, and total
book value, $2,385,819.56. In special renewal fund there are 266 Rio Grande Southern RR. 5 p. c. $1,000
bonds, valued at $172,900 ; 74 Denver and Rio Grande RR. 1st consol. 4 p. c. $1,000 bonds and four $500 bonds
of the same issue, the lot valued at $67,705; and $41,046.41 in cash to be invested — a total par value of
$383,046.41, and a total book value of $281,651.41. The aggregate of securities in both funds equals
$6,0)24,116.41 in par value and $2,667,470.97 book value.
Under votes adopted at a meeting held on May 15, 1900, the 1st mtge. 4 p. c. gold bonds of the Rio
Grande Southern RR. Co. held in the treasury of this company and in its special renewal fund are to be
guaranteed both as to principal and interest and sold to provide means for new equipment and improvements.
12. RAILROADS LEASED OK CONTROLLED BY THE DENVER AND Rio GRANDE RR. Co.
Rio Grande and Santa Fe Ry.— Espanola
to Santa Fe, N. M., 34 miles. Chartered In 1895 to
acquire, In the interest of the Denver and Rio Grande
RR. Co., the property of the Santa Fe Southern RR.
Co. (See Manual for 1895, pages 254 and 1304, and
Manual for 1896, page 522.) Owned by the Denver
and Rio Grande RR. Co. and operated by that com-
pany under a lease dated July 1, 1806, and to endure
until July 15, 1936. Capital stock, representing cost
of road, $375,000. E. T. Jeffery, Pres.; Joseph W.
Gilluly, Treas.; J. B. Andrews, Sec., Denver, Col.
General Office, Denver, Col.
(steel), 9.59 miles. Rail, 40 Ibs. Leased to the
Denver and Rio Grande RR. Co., Dec. 31, 1891,
the lease (dated Dec. 1, 1891) being terminable
on 60 days' notice; annual rental, $6,000, being inter-
est on bonds. Capital stock, $500; funded debt (1st
mtge. 6 p. c. gold bonds, dated Dec. 1, 1891, payable
on demand; Interest Dec., at Denver, Col.), $100,000;
unfunded debt, $3,560— total, $104,060. Contra: Cost
of road, $100,000; other assets, $4,060— total, $104,-
060. Trustee of bonds: Edward T. Jeffery. Edward
T. Jeffery, Pres.; Joseph W. Gilluly, Treas.; John B.
Andrews, Sec., Denver, Col.
Rio Grande Gunnison Ry.— Length of line
13. Board of Directors, Denver and Bio Grande RR. Co., as constituted June 1, 1901.
GEORGE J. GOULD, Chairman Board of Directors New York, N. Y.
E. H. Harriman....New York, N. Y.
Richard T. Wilson.. ."
George J. Gould . . .
Jacob H. Schiff. . .New York, N. Y.
Winslow S. Pierce
Edward T. Jeffery Denver, Col.
Edward O. Wolcott Denver, Col.
Arthur Coppell New York, N. Y.
J. Edw. Simmons.. " "
EDWAED T. JEFFEKY, President Denver, Col.
Treasurer— Joseph W. Gilluly Denver, Col.
Secretary— Edgar H. Booth New York, N. Y.
Comptroller— Stephen Little New York, N. Y.
Auditor— Edward R. Murphy Denver, Col.
GENERAL OFFICES Equitable Building, 17th and Stout Streets, Denver, Col.
New York Office, 195 Broadway. | London Agts., J. K. Gilliat & Co., 4 Crosby Sq.
DENVER AND RIO GRANDE SYSTEM — RIO GRANDE SOUTHERN RR.
Main Line of Road. — Ridgway to Durango, Col 162.6 m.
Telluride Branch : Vance Junction to Pandora, Col 9.8 m.
Sundry branches to mines 8.0 m. — 180.4 miles.
Sidings, 25.82 miles. Gauge, 3 ft. Rail (steel), 30, 40, 45, and 57 Ibs.
History.— Chartered Oct. 30, 1889 ; road opened Feb. 1, 1892. Receiver appointed Aug. 2,
1893. Company reorganized, and the property returned to the stockholders on Dec. 1, 1895.
(See MANUAL for 1897. page 416.) Controlled by the Denver and Rio Grande RR. Co., through
ownership of a majority ($2,255,600) of the capital stock, which has been placed in trust under
agreement of Feb. 27, 1895. (See MANUAL for 1896, page 522.)
Rolling Stock, June 30, 1901. — Locomotives, 22. Cars — passenger, 12; baggage, etc.,
3 ; freight (box, 386 ; stock, 60 ; flat, 100 ; coal, 181 ; caboose, 5), 732 ; business, 2 ; other, 11
—total, 782.
Operations, year ending June 30, 1901.— Earnings (passenger, $94,347.19 ; freight,
$404,180.24; mail, express, and other, $41,002.05), $539,529.48. Operating expenses, $286,-
780.77. Net earnings (46.85 p. c.), $252,748.71 ; interest received, $6,696.40— total, $259,-
445.11. Payments: Interest on bonds, $180,400; insurance, $1,466.72; taxes, $31,626 —
total, $213,492.72. Surplus. $45,952.39 ; surplus forward ($78,187.80; plus adjustments
for year, $774.02), $78,961.82— total, $124,914.21.
General Balance Sheet, June 30, 1901.— Capital stock (auth,, $5,000,000 at the rate of
$25,000 per mile ; $100 shares), $4,510,000 ; funded debt (see below), $4,510,000 ; current
liabilities, $220,305.83; profit and loss, $124,914.21— total, $9,365,220.04. Contra: Cost of
road and equipment, $9,020,000 ; materials and supplies, $15,837.55 ; securities in treasury,
$90,927.78 ; cash and current assets, $238,454.71— total, $9,365,220.04.
452 POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
The authorized iseue of 1st mtge. bonds is $5,000,000, being at the rate of $25,000 per mile, of whic
there were outstanding June 30, 1901, $4,510,000. The rate of interest was 5 p. c. per annum, but by tl
agreement with the bondholders the interest was reduced to 3 p. c. per annum to and including .!
1898, and thereafter 4 p. c. per annum until maturity. Of the bonds outstanding on June 30, 1901, $•_'.
bear the guaranty of the D. * R. G. RR. Co. ; $600,000 of the guaranteed bonds having been sold, I
$1,677,000 in the treasury of that Co., and $2,233,000 not guaranteed, were held by other parties. Trustee
Central Trust Co., New York, N. Y. Interest on bonds payable at the office of Maitiand, Coppell & Co Nei
York, N. Y.
Directors (elected Oct. 21, 1901). — George J. Gould, Arthur Coppell, Howard Goulc
New York, N. Y.; Clarence Buckingham, Chicago, 111.; Otto Mears, S. N. Wood, E. 1
Jeffery, Denver, Col.
E. T. JEFFERY, President Denver, Col.
Russell Harding, Vice-Pres. and Gen. Mgr St. Louis, Mo.
Treasurer— J. W. Qilluly Denver, Col. | Secretary— J. B. Andrews D«nver Co
Auditor.— S. R. Murphy Denver, Col.
PRINCIPAL OFFICE AND ADDRESS Denver Col
THE RIO GRANDE WESTERN RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREIXBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 6
Directors and Officers 11
Dividend Rights 6
Earnings, etc. , 1894-1901 7
Earnings, Expenses, etc., 1901 ... 4
Equipment, 1894-1901 7
Equipment, June 30, 1901 3
Funded Debt 8 ! Leased Line, Statement for
Gen. Balance Sheet, 1894-1901. . . 7 \ Mileage Operated June 30, 1901 .
Gen. Balance Sheet, June 30, 1901 5 Operations and Income, 1894-190
History 2
Income Account, 1894-1901 7
Income Account, June 30, 1901 . . 4
Interest in Proprietary Cos 2
Preferred Stock Preference
Proprietary Lines' Statements...
Rolling Stock, June 30, 1901
Utah Fuel Co...
(CONTROLLED BY DENVER AND Rio GRANDE RR. Co.)
1. Mileage Operated, June 30, 1901. — A. LINES OWNED SOLELY (total, 444.67 miles)
Main Line : Ogdeu, Utah, to Crevasse, Col 310.20 miles
gingham Branch : Bingham. Junction to Bingham, Utah 14.26
Bingham Tramway (Standard Gauge) : Leased to Copper Belt RR. Co 2.90
Alta Branch : Bingham June, to Wasatch, Utah 10.06 "
Provo Canon Branch : Provo, Utah, to Utah Eastern Ry 11.10 "
San Pete Branch : Thistle to Manti, Utah 61.63 "
Pleasant Valley Branch : Colton to Scofield, Utah 19.67 " ,
Spurs : United States Min'g Co.'s Smelter, 0.38 m. ; Evona, 0.36 m.; Roy Stamp-
ing and Canning Factory, 0.24 m. ; Lake Park, 1.5m.; North Salt Lake
Elevator, 1.32 m.; Roper to Mill Creek, 3.25 m. ; Bingham Junction Sugar
Works, 0.39 m.; Bingham Copper and Gold Min. Co.'s Smelter, 0.66m.;
Utah Sugar Works, 1.01 m. ; Piedra Quarry, 0.07 m. ; Jennings Quarry,
2.8m.; Potters Graystone Quarry, 2.61 m.; Sharp's, 0.18m.; Charcoal No.
2,0.08m 14.85 "
B, — OWNED JOINTLY WITH OTHER COMPANIES (total, 6.25 miles):
(Ogden Sugar Works Spur 2.26 "
Jointly with Oregon S. L. RR. Co.: •< Union Stock Yards Spur 1.11 "
(Copper Plant Spur 1.48
JOiA^MidD'R&RECo?:: \ Grand J™ction Su*ar Works SP"r *•«> "
C. — CONTROLLED BY OWNERSHIP OF SECURITIES (total, 157.59 miles):
n *T,«« r»,,ni», P« • J Scofield to Clear Creek, Utah 5.46 m.
Carton County Ry.. -J Mounds to Sunnyside, Utah 17.96 m.-23.42 "
Sevier Ry. : Manti to Marys-rale, Utah 70.88
Tintic Range Ry. : Springrille to Silver City, Utah, and Spurs 48.39
• Utah Eastern Ry.: End of Provo Canon Branch to Heber, Utah 14.90 "
D. — LEASED FOR FIXED ANNUAL RENTALS (total, 53.75 miles):
Denver and Rio Grande RR. : Crevasse to Grand Junction, Col 18.20
77v fc n t i »» J Salt Lake City to Park City, Utah, and Spurs 33.95 "
"*"' | Ontario Mine Spur (owned jointly with U. P. RR. Co.)..... 1.60
Total length of railroads operated, June 30, 1901 662.26 miles.
2d track (owned, 7.75 m.); sidings, etc. (owned and proprietary), 123.67 mile?. Gauge, 4 ft.
8^ in. Rail (steel), 65 and 75 Ibs.
The company also owns narrow-gauge tramways from Wasatch to Alta, 7.8 m., and
from Bingham to Mines, 1.55 m. (total, 9.35 m.), making the total length of linea owned and
operated on June 30, 1901, 671.61 miles.
2. History. — Consolidation, June, 1889, of the (reorganized) Denver and Rio Grand*
Western Ry. Co. and the Denver and State Line Ry. Co. (See MANUAL for 1889, page 887.
During the fiscal year ending June 30, 1901, the Serier Ry. was extended from Belknap t<
Marysvale, Utah, 8.92 miles.
POOR'S MANUAL — THE RIO GRANDE WESTERN RY. CO.
453
The company owns all of the securities of the proprietary companies, and all of the
capital stock of the Utah Central RR. Co. The Utah Central RE. is leased for 49 years
from Jan. 1, 1898, the lessee guaranteeing its outstanding bonded debt, both as to principal
and interest (see subjoined statement). The line of the Denver and Rio Grande RR., between
Crevasse and Grand Junction, Col., is leased until Dec. 1, 1939, at a fixed annual rental.
In May, 1901, the company acquired the capital stock amounting to $10,000,000 of the
Utah Fuel Co., and has deposited it as security for its 1st consol. mtge. bonds (see Sec. 8).
The Utah Fuel Co. owns over 20,000 acres of land (including 10,000 acres to which the title
is not yet fully completed) on the lines of the Rio Grande Western Ry. , with the control of
many thousand acres additional through ownership of frontage, the whole estimated to con-
tain more than 200,000,000 tons of coal. The coal output for the year ending June 30, 1900,
was 848,000 tons. The company has 204 coke ovens in full operation. There are outstand-
ing against the properties now owned by the Utah Fuel Co. $1,963,000 of 5 p. c. bonds, of
which $150,000 are in the treasury for capital requirements.
In May, 1901, and subsequently, the Denver and Rio Grande RR. Co. acquired practi-
cally all of the common stock of this company, and has arranged for the conversion of the
preferred stock into its own preferred stock on the basis of $110 of the latter for every f 100
of the former.
3. Rolling Stock, June 30, 1901.— Locomotives, 94. Cars— passenger, 32 ; combination,
9 ; chair, 4 ; officers', 3 ; dining, 4 ; cafe, 1 ; baggage, mail, and express, 21 ; freight (box,
615 ; flat, 139 ; stock, 284 ; fruit, 69 ; coal, 371 ; caboose, 45), 1,523 ; service, 21— total cars,
1,618. In addition to the above, the company has in service the following equipment of the
Utah Central RR. Co. (narrow gauge widened out): 2 locomotives, and 1 passenger, 1 officers',
3 stock drovers' and 4 outfit cars and 1 flanger.
4. General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures . . $833,394 88
Maintenance of Equipment. . . . 623,860 52
Conducting Transportation 1,572,302 65
General and Contingent 193,680 70
Earnings— Passenger $1,066.383 53
Freight 3,643,23864
Mail and Express
Miscellaneous. . . .
197,584 81
Total ($7,409.79 per mile) $4,907,206 98 Total ($4,867.03 per mile) $3,223,238 75
4a. Net earnings (34.32 p. c.), $1,683,968.23 ; add interest from loans, etc., $50,400.31—
total, $1,734,368.54. Payments: Interest on bonds, $798,511.11 ; taxes, $125,520.42; rental
leased lines, $48,382.90 ; dividends on preferred stock (5 p. c.), $374,887.50 ; revenue stamps
and other expenses incurred in connection with the issue of 1st consol. mtge. bonds, $6,-
751.14— total, $1,354,053.07. Surplus, $380,315.47; surplus forward, $656,631.63— total,
$1,036,947.10. Deduct dividend on common stock (5 p. c.), $500,000 ; betterments, $50,000 ;
insurance fund, $25,000 ; contribution to sufferers from tho explosion in Winter Quarters
mine of Pleasant Valley Coal Co., $19,000 ; adjustments and settlements during the year to
the debit of profit and loss direct, $27,768.67— total, $121,768.67. Balance to credit of profit
and loss, June 30, 1901, $415,178.43.
5. General Balance
Cost of Road and Equipment $31,382,240 22
Improvements on Leased Lines 347,052 16
Bovino Stockyards 8,809 63
Spur to Sugar Works, Grand June 2,841 86
Securities of Branch Lines and Utah
Fuel Co 9,477,063 52
1st Con. Mtge. Bonds in Treasury 2,276,60000
1st Mtge. Bonds M. C. RR. in Treasury 260,000 00
Securities of Controlled Ry. Cos. and of
the Western Exp. Co. (nominal) 31,368 10
Materials and Supplies 340,749 16
Cash 1,933,076 74
Current Accounts 880,710 47
Other Assets 3,262 50
Total Assets $467443,774 36
Sheet, June 30, 1901.
Common Stock Paid in ($100 shares), $10,000,000 00
Preferred Stock Paid in ($100 shares). 7,500,000 00
Funded Debt Outstanding (see below) . . 27,476,600 00
Int. on 1st Mtge. Bonds, pay. July 1, 1901 301,973 33
Int. on Con. Mtge. Bonds, Due and
Unpaid 2,240 00
Accrued Int. on Consol. Mtge. Bonds and
M. C. RR. Bonds (payable Oct. 1, 1901) 103,900 00
Interest on Unexchanged Bonds 66 67
Accrued Taxes 71,662 49
Insurance and Other Reserve Funds. . . 245,759 93
Vouchers and Pay Rolls 320,57897
Traffic Balances 5,814 54
Profit and Loss 415,178 43
Total Liabilities $46,443,774 36
6. Capital Stock.— Capital stock authorized is $22,500,000, consisting of $15,000,000 common stock
and $7,500,000 preferred stock. Preferred stock has priority over common stock for dividends at the rate of
5 p. c. per annum, non-cumulative, and is entitled to share on an equal footing with common stock in any
dividends in excess of 5 p. e. in both classes of capital stock. The common stock has been practically all
purchased by the Denver and Rio Grande RR. Co., and the preferred stock is being converted into D. & R.
G. preferred as stated in Sec. 2.
454
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
T. Statement of operations, capital accounts, etc., for eight years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of RR.Operated (Av.)
Revenue Pass. Train Miles
Revenue Fr. Train Miles..
Total Rev. Train Miles
Passengers Carried
510.10
652,501
650,857
1,303,358
213,540
30,275,934
6a5,561
103,998,521
$
521,992
1,461,510
117,817
519.61
686,419
871,818
1,358,237
219,813
21,747,214
678,539
116,633,943
s
443,047
1,612,932
133,712
518.12
714,131
654,221
1,368,352
261,814
27,542.589
736,621
124,809,535
$
555,193
1,760,829
141,336
546.45
738,749
649,651
1,388,400
262,114
24,831,737
727,611
123,360,048
$
525,409
1,795,924
147,171
566.10
761,785
1,199,081
1,960,806
307,654
38,128,379
1,102,191
208.766-692
S
663,081
2,545,190
154,017
584.38
740,018
1,067,458
1,807,476
350,051
36,974,587
l.iKi3,n:J,r,
194,911,609
$
705,008
2,486,2£6
161,744
619.90
1,860,640
2,217,083
440,198
1.031,676
287.178,198
S
932,631
3.3!»4.073
183.300
662.26
1.032,948
1.HS3.113
9
WM.WJ
Freight (tons) Moved
Freight (ton) Miles
Earnings Passenger
Freight
Miscellaneous
Gross Earnings
2,101,319
1,377,013
2,189,691
1,446,243
2,457,358
1,499,397
2,468,504
1,604,544
3,362,288
2,069,176
3,352,988
2,084,525
4,510.603
2.716,009
4,907,207
3. '.S3. 239
Operating Expenses
Net Earnings.
724,306
23,608
743,448
48,654
957,962
850
863,960
818
1,293,112
1,268,463
1,794,594
23,294
1,683.968
50,400
Other Receipts
Net Income
747,914
617,050
792,102
608,000
958,812
608,000
864,778
608,000
1,293,112
608,000
(5) 324,778
' 26,900
110.373
2,770
+ 220,291
5.939 39
3,65514
2,28425
61.54 p. c.
1.74 c.
1.22 c.
542.89
83
40
18
936
$
10,000,000
6,500,000
16,000,000
53,500
319,335
325,411
226.719
1,268,463
610,833
(5) 334,810
* 39.569
111,340
19,877
+ 152,034
5,737 68
3,56707
2,170 61
62. 17 p. c.
1.91 c.
1.27 c.
544.86
83
39
18
936
S
10,000,000
6,700,000
19,200,000
52,590
335,394
481,522
1,817,889
683,069
(5) 348,561
* 42,939
129,336
V ' 613,984
7,27634
4,381 37
2,894 97
60.21 p. c.
1.93 C.
1.18 C.
597.31
83
42
22
1.478
$
10,000,000
7,500,000
20,184,800
67,130
340,103
536,862
1,000,000
1,734,368
798,511
-
48.383
125.520
6,751
+ 380,316
7.409 79
4,867 03
2,54276
65.68 p. C.
2.09 C.
1.08 C.
617.86
94
50
24
1,544
8
10.000,000
7,500,000
37,476,600
71,662
408,180
.•VJ0.394
Payments :
Dividends onPref. Stock
Lease Rentals
38,008
77,223
6,283
+ 9,350
4,04800
2,652 69
1,395 31
65.53 p. C.
1.72 C.
1.40 c.
512.71
77
36
17
718
8
10,000.000
6,250,000
16,000,000
34,989
312,433
325,794
63,055
76,355
4,431
+ 40,261
4,214 10
2,78332
1,43078
66.05 p. c.
2.04 c.
1.38 c.
512.71
77
36
17
718
9
10,000,000
6,250,000
16,000,000
34,000
312,693
343,263
* 14,400
88,303
6,671
+ 241,438
4,742 84
2,893 92
1,84892
61.02 p. c.
2.02 c.
1.41 c.
511.22
77
35
17
718
10,000,000
6,250,000
16,000,000
45,000
314,693
293,132
* 14,466
105,345
5,662
+ 131,371
4,517 35
2,936 30
1,581 05
65 p. C.
2.12 C.
1.46 C.
543.34
77
35
17
908
S
10,000,000
6,500,000
16,000,000
51,000
312,435
367,600
Taxes, etc
Other
Balance ( + or — )
Gross Earnings per Mile. .
Operating Expen. per Mile
Net Earnings per Mile. . . .
Expenses to Earnings
Aver. Rate per Pass. perM.
Aver. Rate p. Ton p. Mile.
Miles of RR. Owned
Locomotives .
Passenger Cars
Baggage, Mail, etc.. Cars..
Freight and Other Cars —
Common Stock
Preferred Stock
Funded Debt.
Taxes Accrued
Interest Ace. and Due
Current Accounts
Bills Payable
Other Liabilities
New Equip. ,Exts.etc. Fund
Profit and Loss
86,766
90,351
119,248
433,353
211,350
184,928
845,174
173,444
286,853
661,254
656,632
•,'4-).7(iO
24,160
63,948
295,518
48,708
269,180
41.V78
Total Liabilities
33,034,142
28,452,269
3,694,311
148,315
109,089
323,030
168,592
138,536
33,095,255
28,502,406
3,693,290
147,909
122,154
318,997
173,042
137,457
33,317,591
28,654,096
3,693,494
168,816
270,290
357,455
173,440
33,713,096
28,630,587
4,446,729
154,778
122,591
358,411
33,905,495
28,782,921
4,199,474
166,764
257,145
499,191
37,973,052
30,025,808
5,904,522
258,292
543,842
1,240,588
41,233,633
t31,214,278
6,lflO,7WS
380,280
741,325
2.V36.954
46,443,774
31,382,240
12,045,032
340,749
742.076
1.933,077
Cost of Road and Eq't
Securities in Treasury, etc.
Materials on Hand
Accounts Receivable, etc..
Cash
T. R. Ry. Co. for Bett's. . .
Total Assets
33,034,142
33,095,255
33,317,591
33,713,096
33,905,495
37,973,052
41,233,633
46,443,774
* Net. t Includes unexpended fund for new equipment and other capital purposes, $661,253.62.
8. Funded Debt. — The funded debt outstanding on June 30, 1901, consisted of the following issues
(additional particulars will be found in the Ready Reference Bond List — see General Index) :
$15,2OO,OOO 1st trust gold is of July 1, 1939,
secured on 438.01 miles of road owned, including
11.3 miles of tramway. In case of default in
payment of interest, the bondholders will have
the power to appoint a majority of the board
of directors.
12,27O,OOO 1st consol., series A, gold 4s of
April 1, 1949, secured by first mortgage on the
Provo Canon Branch, on the 0.37 mile extension
of the Pleasant Valley Branch and the 4.22 miles
of spurs which were built during the year end-
ing Juno 30, 1900, and on the Carbon County and
the Utah Eastern Rys., a total of 53.85 miles;
also on all lines hereafter constructed or acquired
with the proceeds of bonds issued under the same
mortgage. They are also a lien, subject to the
1st trust mortgage, on the rest of the company's
property; and they are additionally secured by
deposit of all of the bonds and all except ten
shares of capital stock, each, of the Sevier Ry.
and the Tintic Range Ry. Further issues of
bonds secured by the consolidated mortgage may
be made for the following imrjMisfs: At not
exceeding the rate of $20,000 per mile for newly
constructed or acquired lines of railroad; $2,000,-
000 at not exceeding the rate of $500,000 a year
(unless the written consent of the owners of
two-thirds of the capital stock be obtained for
the issue of a greater amount) for the further
development of the property; and $15,200,000 for
the retirement of the 1st trust mtge. bonds.
POOR'S MANUAL OF RAILROADS.
455
RAILROADS WHOSE SECURITIES ARE ALL OWNED BY THE Rio GRANDE WESTERN RY. Co.
Carbon County Ry.— Mounds to Sunnyside,
tah. 17. !>(> in.; Scofleld to Clear Creek, Utah, 5.46 m.
i..tal. ^:i.42 miles. Chartered Nov. 20, 1899; road
kullt during same year. Capital stock ($100 shares),
|!33,000. The Rio Grande Western Ry. Co. owns the
aiiital stock and has deposited It as security for its
1st consol. mtge. bonds. Wm. G. Sharp, Pres. ; Wm.
Colton, Sec. & Treas., Salt Lake City, Utah.
flier. Salt Lake City. Utah.
Sevier Ry.— Mantl to Marysvale, Utah, 70.88
Iniles. Chartered in May, 1891; road opened from
tfanti to Belknap, 61.96 m., on Nov. 1, 1896 (see
Vlanual for 1899, page 682); extended from Belknap
o Marysvale, 8.92 m., after June 30, 1900. Capital
stock (common, $929,400; preferred, $619,600), $1,-
549,000; 1st mtge. bonds, $1,772,000— total, $3,321,-
X)0. All of the bonds and all except ten shares of the
•apitnl stock are deposited as security for the 1st
:onsol. mtge. bonds of The Rio Grande Western Ry.
Do. David C. Dodge, Pres., Denver, Col.; Wm. F.
Colton, Sec. & Treas., Salt Lake City, Utah. Office,
Salt Lake City, Utah.
Tlntlc Range Ry.— Springville to Silver City,
Utah, and spurs, 48.39 miles. Rail (steel), 57 Ibs.
Chartered May 11 and July 29, 1891; main line
opened Jan. 1, 1892. Capital stock— common, $780,-
600; preferred, $520,400; 1st mtge. bonds, $1,301,000
—total, $2,602,000. All of the bonds and all except
ten shares of the capital stock are deposited as secur-
ity for the 1st consol. mtge. bonds of The Rio Grande
Western Ry. Co. David C. Dodge, Pres., Denver, Col.;
Wm. F. Collon, Sec. & Treas., Salt Lake City, Utah.
Office, Salt Lake City, Utah.
Utah Knstern Ry.— Mile Poet 11 of Provo
Canon Branch of The R. G. W. Ry. to Heber, Utah,
14.9 miles. Chartered Dec. 28, 1897; road built in
1899. Capital stock ($100 shares), $250,000. The
capital stock is deposited as security for the 1st
consol. mtge. bonds of The R. G. W. Ry. Co.
Stephen H. Babcock, Pres. ; Wm. F. Colton, Treas. ;
Theron Geddes, Sec., Salt Lake City, Utah. Office,
Salt Lake City, Utah.
1O. RAILROAD LEASED BY THE Rio GRANDE WESTERN RY. Co.
I Utah Central RR.— Salt Lake to Park City,
I'tali, and spurs, 33.95 m. ; Ontario Mine Spur
(owned jointly with IT. P. RR. Co.), 1.6 m. — total,
35.5,1 miles. Gauge, 4 ft. 8i In. Rail (steel),
(55 Ibs. Chartered Dec. 29, 1897, as successor to the
I"t:ih Central Ry. Co. (See Manual for 1898, page
22(U Leased to The R. G. W. Ry. Co. for 49 years
from Jan. 1, 1898. The broadening of the gauge from
3 ft. to the standard and the reconstruction of the
line were done after June 30, 1900. Locomotives. 4.
Cars— passenger, 5; freight, 89— total. 94. Capital
stock, $250,000; funded debt (1st 4s of Jan. 1, 1918,
int. A. & O. ; auth., $650,000). $650,000— total, $900,-
000. The stock is all owned arid the bonds are guar-
anteed, principal and interest, by The R. G. W. Ry.
Co. W. G. Sharp, Pres.; Theron Geddes, Sec.; Wm.
F. Colton, Treas.; E. J. Yard, Chief Eng., Salt Lake
City, Utah. Office, Salt Lake City, Utah.
11. Board of Directors, The Eio Grande Western Ry. Co., elected Oct. 28, 1901.
GEORGE J. GOULD, Chairman of the Board New York, N. Y.
George J. Gould. . .New York, N. Y.
Frank J.Gould " "
Howard Gould " "
Jacob H. Schiff New York, N. Y.
Edward T. Jeffery Denver, Col.
R. M. Gallaway . . . New York, N. Y.
E. H. Harriman. ..New York, N. T.
Winslow S. Pierce "
Russell Harding St. Louis, Mo.
EDWARD T. JEFFERY, President ........................... Denver, Col.
Russell Harding, Vice- President and General Manager ...... St. Louis, Mo.
Secretary— Stephen Little ............. New York, N. Y. | Treasurer— Joseph W. Gilluly ............. Denver, Col.
Auditor— E. R. Murphy ......................... Denver, Col.
Denver, Col.
...................................... Salt Lake City, Utah.
Eastern Office ................................... 195 Broadway, New York, N. Y.
Owwrrws
58
DENVER AND SOUTHWESTERN RAILWAY COMPANY.
Mileage Operated, Nov. 30, 1901.
F. & C. C. RE.: Florence, Col., to Cripple Creek, Col 40.96 miles.
G. G. RR.: Victor to Vista Grande, Col 6.59
C. C. & C. C. RR.: CaSon City to Ora Junta, Col 7.24 "
M. T. Ry..- Divide, Col., to Cripple Creek, Col 29.40 "
Total length of road owned and operated, Nov. 30, 1901 84.19 miles.
Sidings, etc., 40.79 miles. Gauges, 3 ft. and 4 ft. 8£ in. Rail (steel), 60 Ibs.
History.— Incorporated Nov. 18, 1899, to acquire the securities of the Midland
Terminal Ry. (see MANUAL for 1899, page 606), the Florence and Cripple Creek RR., the
Golden Circle RR. (see MANUAL for 1899, page 602), the La BellaMill, Water and Power Co.,
the Colorado Trading and Transfer Co., and to own three-fourths interest in the stock of the
Metallic Extraction Co. The CaSon City and Cripple Creek RR., from Canon City to Ora
Junta, was opened Feb. 1, 1900.
Rolling' Stock, Nov. 30, 1901. — Locomotives, 26. Cars — passenger, 11 : combination,
3 ; baggage, etc., 2 ; freight (box, 400 ; coal, 100 ; flat, 4), 504; caboose, 12 ; other cars, 7 —
total, 539. Of this equipment, 1 locomotive and 200 box cars were leased.
456
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
General Income Account, year ending November 30, 1901.
Expenses,
Gross Incl. Tares
Earnings, and Rentals.
8 $
F. A C. C. RR., C. C. and C. C. RR. and Golden Circle RR 795,040 85 501,061 70
Midland Terminal Ry. Co 579,51479 357,78638
Metallic Extraction Co. (three-fourths) 149,82558 98,18153
La Bella Mill, Water and Power Co 93,06135 77,45067
Colorado Trading and Transfer Co 219,557 77 118,9;5 19
Denver and Southwestern Ry. (Miscellaneous) 12,068 68
Net
Earnings.
293,979 15
221,72846
51,64406
15,610 68
100,582 56
34,962 87 fief. 22,894 19
Totals 1,849,06902 1,188,41829 660,65078
Net earnings, $660,650.73. Payments : Interest on bonds, $272,426.18 ; applied to
sinking fund, $123,975.71 ; dividends on preferred stock (5 p. c.), $100,000; on common
stock (6 p. c.), $180,000— total, $676,401.89. Deficit, $15,751.16 ; surplus forward. $358,-
878.96 ; net surplus, $343,127.80.
General Balance Sheet, Nov. 30, 1901.— Capital stock ($3,000,000 common; $2,000,000
preferred ; $100 shares), $5,000,000 ; funded debt (see below), $5,432,000; interest on funded
debt accrued, $124,259.50 ; sinking fund accrued, $12,505.08 ; funds in sinking fund unap-
plied, $8,373.80; Midland Terminal Ry. Co., $36,542.55; Florence and Cripple Creek RR.
$41,667.63 ; profit and loss, $343,127.80— total, $10,998,476.36. Contra : Cost of property,
$10,590,582.09 ; general mortgage bonds, owned, $100,000 ; J. P. Cobb, Treasurer, $127,-
022.29 ; Colorado Trading and Transfer Co., $130,224.60 ; La Bella Mill, Water and Power
Co., $33,815.25 ; Continental Trust Co., $8,373.80 ; accrued interest on bonds owned, $8,125 ;
taxes, $333.33— total, $10,998,476.36.
Funded Debt.— The funded debt outstanding on Nov. 30, 1901 consisted of $4,923,000 ($5,500,000
auth.) gen. gold sinking fund 5s of Dec. 1, 1929, and $509,000 ($1,000,000 auth.) M. T. Ry. 1st gold sinking
fund 5s of Dec. 1, 1925. The remainder of the Midland Terminal Ry. bonds ($491,000) have been cancelled
out of earnings and sinking fund. The Midland Terminal Ry. bonds are secured by a 1st mtge.
on the line from Divide to Cripple Creek, 29.4 miles. The gen. mtge. bonds are secured on the entire line
subject only to the lien of the Midland Terminal Ry. bonds. A sufficient amount of gen. mtge. bonds
are deposited with the trustee to retire the outstanding Midland Terminal Ry. bonds. The bonds and
stocks of the consolidated companies are deposited with the trustee, the Continental Trust Co., as security
for the gen. mtge. bonds (see statement below). The deed securing gen. mtge. bonds provides for the
payment to the trustee of $95,000 per annum, payable semi-annually. This money is to be invested by the
trustee in Denver and Southwestern bonds at a price not above 110 and interest, such bonds to remain
uncancelled in the sinking fund; or in case bonds are not at the price of 110 and interest, then in bonds of
the United States or of the State of New York or Massachusetts. The interest accruing on the bonds
thus purchased is to be added to the semi-annual payment into the sinking fund and invested in turn in
like manner.
Since the formation of the company there has been purchased out of the proceeds of the sinking fund
$199,000 Denver and Southwestg-n gen. mtge. bonds and $68,000 Midland Terminal Ry. 1st mtge. bonds. In
addition thereto, the Board 9 Directors purchased, out of surplus earnings, $100,000 of its gen. mtge.
bonds, which are held as an asset, as shown by the balance sheet.
Sinking Fund Account, Nov. 30, 1901. — Amount applied out of earnings for purchase of bonds,
$256,483.07; accrued interest, $6,902.19— total, $263,385.26. Deduct cost of $199,000 D. & S. W. Ry. CO.'B
5 p. c. bonds, $188,528.37; cost of $68,000 M. T. Ry. Co.'s 5 p. c. bonds, $66,483.09— total, $255,011.46.
Balance unapplied, per balance sheet, $8,373.80.
Statement of stocks and bonds pledged to Continental Trust Co., of New York, as security
for funded debt, Nov. 30, 1901 :
STOCKS. BONDS.
10,000 Florence & Cripple Creek Co $1,000,000
1,750 Golden Circle RR. Co 175,000
1,750 Canon City & Cripple Creek RR. Co. 175,000
10,000 Midland Terminal Ry. Co 1,000,000
2,500 La Bella Mill, Water'fe Power Co... 260,000
2,000 Colorado Trading & Transfer Co 200,000
Total Stocks $2,800,000
Florence & Cripple Creek RR. Co's 1st 6s. .$1,000,000
Golden Circle RR. 1st 6s 175,000
Canon City & Cripple Creek RR. 1st 6s.... 175,000
La Bella Mill, Water & Power Co. 1st 5s.. 250,000
Total Bonds $1,600,000
Total Stocks and Bonds $4,625,000
The company has exchanged its Metallic Extraction Co. stock for $225,000 1st mtge. 6 p. c. bonds of
the United States Reduction and Refining Co. These bonds have been pledged as collateral to the general
mortgage. The United States Reduction and Refining Co. was organized to consolidate the principal ore
treatment mills.
Directors.— C. F. Ayer, B. P. Cheney, M. Rollins, Boston, Mass.; A. Kessler, W. K. Gil-
lett, J. P. Cobb, G. Dunscomb, New York, N. Y.; K. K. McLaren, Jersey City, N. J.; E.
W. Rollins, Denver, Col.; A. Jarvis, Toronto, Ont. ; W. F. Day, New Haven, Conn.
W. K. GILLETT, President New York, N. Y.
Vice-Pres.— B. P. Cheney Boston, Mass, f Sec. <t Trecu.—J. P. Cobb New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS, 54 Wall St., New York, N. Y.
Railroad Map of Oklahoma, Indian Territory and Texas.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEW/YORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual — Railroad Map of the United States, 1902.
OKLAHOMA AND INDIAN TERRITORIES AND TEXAS.
Railroad Map of Oklahoma, Indian Territory and Texas.
RESUMPTION
AND THE
SILVER QUESTION;
T±-m es,
A SKETCH OF THE COINAGE AND OF THE LEGAL-TENDER
CURRENCIES OF THE UNITED STATES AND
OTHER NATIONS.
By HENRY V. POOR.
(1878.)
Summary of the Contents.
PART I. — The distinction between the money of Banks and of Government.
PART II. — An examination of the Report of the late Conference between Mr. Secretary
Sherman and the Committee on Finance of the Senate, and the Committee
on Banking and Currency of the House of Representatives, of the United
States.
PART m. — A History of the Coinage of the United States; of the Act of 1873, de-
monetizing silver; and a sketch of the monetary systems of the great
commercial Nations, Great Britain, France, and Germany.
PART IV. — A History of Legal-Tender Currencies, embracing a History of the Legal-
Tender Currencies of the Mongols ; of the Continental Currency of the
United States ; of the Assignats of France, and of the present Legal-Tender
Currency of the United States.
PART V. — The Greenback Party.
PART VI. — How Resumption is to be Effected.
PRESS NOTICES.
Jfetv York Evening Post.
We commend Mr. Poor's book, as it deserves, as a most convenient reference handbook concerning the
history of silver money in the United States, the monetary history of other countries, and other matters of a
similar nature, all of which are presented in compact and convenient shape, and fitted to the hand by an elaborate
analytical index.
Philadelphia Ledaer.
A timely and valuable book, which cannot be too carefully studied, and every line of which Is full of
warning and instruction.
Hew York Journal of Commerce.
A timely and valuable contribution to a subject now demanding the earnest attention of every thoughtful
citizen. It will help to clear away much of the fog in which the whole question of the currency is now enveloped.
It is in no sense partisan, and is addressed wholly to the reason and intelligence of the reader. It is indeed, aa
it Is called, "A Handbook for the Times."
Boston Journal.
This volume is pungent and full of information. It is very fresh and suggestive, and contains a large
amount of information which gives it value, and makes it stimulating and helpful in extending and directing
financial discussion.
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POOR'S MANUAL OF RAILROADS.
457
FORT WORTH AND DENVER CITY RAILWAY COMPANY.
Line of Road.— Fort Worth, Tex., to Texas State Line 453.57 miles.
Sidings, etc., 49.24 miles. Gauge, 4 ft. 8$ in. Rail (steel), 52, 56, 58, 60, and 65 Ibs.
This road connects at the State Line with the Colorado and Southern Ry. and with that
ine forms the Texas Pan-Handle Route, between Denver, Col., and Fort Worth, Tex.,
-08 miles.
History.— Chartered May 26, 1873 ; road opened throughout Jan. 26, 1888. The com-
pany was reorganized in 1896 under the plan outlined in the MANUAL for 1896, page 969.
Rolling Stock, Dec. 31, 1901.— Locomotives, 37. Cars — passenger, 11 ; combination, 5 ;
>agpage, 5 ; cafe, 3 ; business, 2 ; freight (box, 399 ; stock, 172 ; flat, 58 ; coal, 373 ; refrigera-
:or, 1), 1,003; caboose, 27; service, 17— total, 1,073.
Operations, year ending Dec. 81, 1901. — Train mileage — passenger, 419,044 ; freight,
712,207 — total revenue mileage, 1,131,251. Total engine mileage, 1,746,569. Passengers
carried, 222,450 ; carried one mile, 21,995,981 ; average mile rate, 2.459 cents. Tons freight
moved, 695,937 ; moved one mile, 145,521,248 ; average ton-mile rate, 1.003 cents.
EARNINGS. 1900
Passenger $405,747 92
Freight 1,252,402 10
Mail and Express 87,524 04
Miscellaneous 61,415 37
1901
$540,865 13
1,459,219 80
98,385 54
64,926 71
Totals Jl,807,089 43
Totals per Mile 3,98890
$2,163,397 18
4,775 39
EXPENSES. 1900 1901
Maint. of Way and Structures $506,218 73 $535,617 20
Maintenance of Equipment. . . 175,276 68 212,858 68
Conducting Transportation . . . 676,347 96 776,940 85
General Expenses 62,227 02 64,388 35
Totals $1,420,070 39 $1,589,805 08
Totals per Mile 3,13461 3,50927
Net earnings, 1900-1901 (26.51 p. c.), $573,592.10 ; other income, $11,962.45— total,
$585,554.55. Charges : Interest on bonds, $495,842.23 ; taxes, $39,731.61 ; rentals, $10,000—
total , $545 , 573. 84. Surplus , $89, 980.71 .
Profit and Loss Account, Dec. 31, 1901.— Balance, Dec. 31, 1900, $325,686 14; surplus
income, $39,980.71; premium on bonds sold, $8,117.28— total, $373,784.13. Contra: Surplus
of 1900 paid to Morton Trust Co., trustee for stamped stock, under agreement of Oct. 12,
1895, $3,725.63; loss on telephone stock sold, $300; note written off, $1; balance Dec. 31,
1901, $369,757.50— total, $373,784.13.
The comparative table given in the MANUAL previously to 1900 was omitted that year
because the method of accounting was changed to comply with the requirements of the Texas
Railroad Commission, and the change occasioned differences in earnings and expenses as
compared with previous years.
Comparative General Balance Sheet, December 31, 1900, and 1901.
1900
Cost of Property $17,417,039 61
Real Estate 21,83080
Stocks and Bonds Owned . . 424,784 08
Materials and Supplies 179,727 77
Cash and Current Assets... 223,18531
1901
$17,417,039 61
21,83080
324,334 08
139,294 69
367,617 81
Totals $18,266,567 57 $18,270,116 99
1900
Capital Stock ($100 shares) . $9,375,000 00
Funded Debt (see below).. . 8,176,000 00
Equipment Trust 160,000 00
Vacant Equipment 5,854 46
Current Liabilities 224,026 97
Profit and Loss 325,686 14
1901
$9,375,000 00
8,176,000 00
52,00000
12,494 31
284,865 18
369,757 50
Totals $18,266,56757 $18,270,11699
Capital Stock: consists of $6,820,000 common stock and $2,555,000 non-cumulative 4 p. c. preferred
stock. The latter represent shares surrendered by the stockholders in the reorganization of the company's
finances in 1895 and delivered to the bondholders in satisfaction of overdue interest and for the deferred
2 p. c. interest for five years from Dec. 1, 1895. The overdue coupons are deposited in trust for the benefit
of the holders of stamped stock, under the agreement of Oct. 12, 1895. (See Manual for 1897, page 832.)
Funded Debt consists of 1st gold 6s of Dec. 1, 1921. Further bonds may be issued for additional
mileage at the rate of not exceeding $18,000 per mile. In a reorganization of the company's finances in
1895 it was agreed the interest maturing from Dec. 1, 1895, to Dec. 1, 1900, should be at the rate of 4 p. c.
per annum, the original rate of 6 p. c. per annum to be resumed as from the latter date. (See Manual for
1900, page 479.) The company is now paying the full 6 p. c. rate.
The item " Stocks and Bonds Owned " in the balance sheet as of Dec. 31, 1901, consists of:
312 shares stamped stock, $31,200; 1,000 shares F. W. & D. C. stock, $100,000; 200 F. W. & D. Terminal
By. bonds, $190,000; 2,000 shares F. W. & D. T. Ey. Co. stock, $3,134.08— total, $324,334.08.
Directors.— G. M. Dodge, New York, N. T.; H.Walters, Baltimore, Md. ; Frank Trum-
bull, Denver, Col.; D. B. Keeler, S. M. Hudson, Morgan Jones, W. R. Scott, K. M. Van
Zandt, M. A. Spoonts, Fort Worth, Tex.
FBANK TRUMBULL, President Denver, Col.
D. B. Keeler, Vice-President and Traffic Manager Fort Worth, Tex.
Sec. & Treas.—Geo. Strong Fort Worth, Tex. | Auditor— 8. M. Hudson Fort Worth, Tex.
PRINCIPAL OFFICE AND ADDRKSS Fort Worth, Tex.
458
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
GALVESTON, HOUSTON AND HENDERSON RAILROAD COMPANY.
Line of Road. — Galveston, Tex., to Houston, Tex 50 mil
Sidings, etc., 36.29 miles. Gauge, 4 ft. 8£ in. Rail (steel, 50 m.), 56, 65, and 66 Ibs.
History. — Reorganization, Dec. 1, 1882, of a company of the same name, foreclosed Ai
1, 1882. (See MANUAL for 1898, page 195.) Under a contract to endure for 40 years from
Jan. 1, 1896, the Missouri, Kansas and Texas Ry. Co. and the International and Great
Northern RR. Co. have joint trackage rights over the road. This contract provides for a fixed
annual rental of $62,000 from each of those companies, or a total of $124,000. Of this
amount, $100,000 is to be paid to the Mercantile Trust Co., trustee under the G., H. & H.
mortgage, in two semi-annual installments of $50,000 each, to meet the yearly interest on the
6 p. c. bonds issued under that mortgage.
Rolling Stock, Dec. 31, 1901. — Locomotives, 12. Cars — passenger, 6 ; baggage, mail,
and express, 4 ; caboose, 2 ; other, 10 — total cars, 22.
General Income Account, year ending December 31, 1901.
Expenses— Maint. of Way and Structures.... $38,731 10
Maintenance of Equipment 18,252 06
Conducting Transportation 149,190 56
General Expenses 7,322 97
Earnings— Passenger $70,487 08
Freight 160,877 77
Mail and Express 12,931 85
Miscellaneous 140,871 98
Total ($7,703.37 per mile) $385,168 68 Total ($4,269.93 per mile) $213,496
Net earnings (44.57 p. c.), $171,672 ; other receipts, $2,072.18— total, $173,744.18. Pay-
ments : Interest on funded debt, $100,000 ; taxes, $3,603.80 ; other charges, $9,548.09— total,
$113,151.89. Surplus, $60,592.29: surplus forward, $135,581.34— total, $196,173.63.
General Balance Sheet, December 31, 1901.
Cost of Road and Equipment * $3,000,000 00
Materials and Supplies 19,564 21
Bills Receivable 250 00
Current Accounts and Balances 177,518 36
Cash on Hand 121,496 10
Total Assets $3,318,828 67
Capital Stock Paid in ($100 shares) $1,000,000 00
Funded Debt Outstanding 2,000,00000
Current Liabilities 95,330 04
Interest Accrued, not Payable 27,32500
Profit and Loss 196,173 63
Total Liabilities $3,318,828 07
Funded Debt consists of 1st 5s of April 1, 1913, int. A. & O., at the office of the trustee, the
Mercantile Trust Co., New York, N. Y. Interest is provided for by the traffic contract referred to in
" History."
Statement of operations, earnings, etc., for eight years ending Dec. 31 :
R.R. Operated, 50 miles.
1894
1895
1896
1897
1898
1899
1900
1901
Passenger Train Miles
Freight Train Miles
133,479
90,983
134,549
88,969
103,452
18,976
67,556
32,800
57,166
48,65(
57,518
50 476
57,860
26 351
59,544
81 305
Passengers Carried
144,990
152,595
95,245
78,183
49,80S
52,553
71,923
87 834
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
4,408,131
438,660
21,045,603
4,864,892
501.015
24,304,932
2,920,321
243,096
11,574,305
2,446,505
155,848
7,172.006
l,369,23f
226.06*
10,849,065
1,565,176
262,874
12,624,372
2,426,163
118,890
5,506,457
2,574,872
151,202
7 220 387
Passenger Earnings
$
81,125
89,172
$
54,789
$
43,240
$
37,819
s
43 516
S
66316
S
70 487
Freight Earnings
429,902
421,735
1-24,048
128,602
199 010
223 230
118 476
160 878
Miscellaneous
34,871
32,007
139,148
140,762
143,770
150,367
147,948
153,804
Gross Earnings
545,898
542,914
317,985
312,604
380,599
417,113
332,740
385 169
Operating Expenses
413,789
435,462
166,411
149,574
204,288
239,485
177,192
213,497
Net Earnings ... ....
132,109
107,452
151,574
163,030
176 311
177 628
155 548
171 672
Gross Earnings per Mile
Gross Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton p. Mile. . .
10,917 95
8,275 78
2,642 17
75.80 p. c.
1.84c.
2.04 C.
10,858 28
8,709 24
2,149 04
80.21 p. C.
1.83 C.
1.74 C.
6,359 69
3,328 22
3,031 47
52.33 p. C.
1.88 c.
1.07 c.
6,252 09
2,991 49
3,260 60
47.85 p. c.
1.79 c.
1.77 c.
7,611 99
4,08577
3,526 22
53.67 p. c.
2.76 c.
1.84 c.
8,342 27
4,789 71
3,55256
57.41 p. c.
2.74 c.
1.760.
6,65479
3,54384
3,110 95
53.26 p. c.
2.73 c.
3.15 c.
7,703 37
4,269 93
3,43344
55.43 p. c.
2.74 c.
2.28 C.
Directors (elected April 8, 1902).— F. P. Olcott, H. C. Rouse, George J. Gould, New
York, N. Y.; Jas. A. Baker, Jr., Houston:, Tex.; R. B. Baer, J. H. Hawley, Galveston, Tex. ;
N. A. Stedman, Palestine, Tex.
F. P. OLCOTT, President New York, N. Y.
J. H. Hawley, Vice-President Galveston, Tex.
Bee. <& Tredt.— A. A. Van Alstyne Galveston, Tex. I Manager— J. H. Hill Galveston, Tex.
Astt. Sec. & Astt. Treat.— H. B. Benson, New York, N. Y. | Auditor— John E. O'Neill
PRINCIPAL OFFICE AND ADDRESS Galveston, Tex.
POORS MANUAL OF RAILROADS.
459
INTERNATIONAL AND GREAT NORTHERN RAILROAD COMPANY.
|M>I:X TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
tors and Officers 11
rill's Expenses, etc., 1901... 5
lin'irs, etc., 1S!)4-1'.!01 9
ipmciit, Schedule of 4
ipment Trust Obligations 8
Funded Debt Details . . 7
Gen. Balance Sheet, Dec. 31, 1901. 6
Gen. Balance Sheet, 1894-1901. ... 9
History 2
Income Account, Dec. 30, 1901 ... 5
Mileage Operated, Dec. 31, 1901 .. 1
Operations & Income, 1894-1901. 9
Proprietary Roads' Statements.. 10
Rolling Stock, Dec. 31, 1901 4
Trackage Contracts 3
1. Mileage Operated, Dec. 31, 1901.— A. LINES OWNED (total, 878.53 miles).
Main Line : Longview, Tex., to Laredo, Tex 493.90 miles.
floutton Division : Palestine, Tex., to Houston, Tex 150.70 "
Fort Worth Division: Bryan to Waco, Tex 100.85 "
Mineola Branch : Troupe to Mineola, Tex 44.40
Columbia Branch : Houston to Columbia, Tex 50.00
Calvert Branch : Valley to CaJvert, Tex 5 . 38
Huntsmlle Branch : Phelps to Huntsville, Tex 7.00
Georgetown Branch : Georgetown to Round Rock, Tex 9.70
Henderson Branch : Henderson to Overton, Tex 16 . 00
Austin Spur : Austin, Tex 0. 60
B. TRACKAGE RIGHTS (total, 49.90 miles).
Galveston, Houston & Henderson SB. : Houston to Qalveston, Tex 49.30 "
St. L. 8. W. RR. of Texas: Waco terminals 0.60 "
Total length of road operated, Dec. 31, 1901 928.43 miles.
Average mileage operated during year 872.20 "
Sidings, etc., 144.79 miles. Gauge, 4 ft. 9 in. Rail (steel, 952.50 m.), 52 to 75 Ibs.
2. History. — Consolidation, Sept. 23, 1873, of the International RR. Co. and the Houston
and Great Northern RR. Co.; reorganized, without foreclosure, in 1892 (see MANUAL for
1888, page 770, and MANUAL for 1892, page 746). The Calvert, Waco and Brazos Valley RR.,
extending from Marlin to Bryan, Tex., 60.62 miles, was purchased as of May 1, 1901, and
an extension of it from Marlin to Waco, Tex., 40.23 miles, was opened on Nov. 1, 1901.
Another extension, from Bryan to Spring, about 83 miles, opening a new route between
Waco and Houston and Galveston, was completed about May 1, 1902. An extension from
Waco to Fort Worth is projected.
3. Trackage Contracts. — Under a contract to endure for 40 years, from Jan. 1, 1896,
this company, jointly with the Missouri, Kansas and Texas Ry. Co., has trackage rights
over the Galveston, Houston and Henderson RR. under the terms given in the statement for
that road on page 458. Under a contract effective Nov. 1, 1901, and terminable only by the
consent of both parties, this company has joint and equal use of the freight and passenger
terminals of the St. Louis Southwestern RR. at Waco, paying a proportion of the expenses
besides a rental of 2 per cent, per annum on the value of the terminals.
4. Rolling Stock, Dec. 31, 1901. — Locomotives, 113. Cars — passenger, 60; baggage, mail,
and express, 34 ; freight (box, 2,558 ; flat, 117 ; stock, 14 ; coal, 854 ; tank, 22), 3,565; service,
243 — total, 3,902. Of this equipment, 15 locomotives, 449 box cars, and 100 coal cars are held
under trust.
5. General Income Account, year ending December 31, 1901.
Earnings— Passenger $1 ,094,741 63
Freight 3,644,402 82
Mail and Express 271,094 37
Miscellaneous 137,853 54
Expenses— Maint. of Way and Structures.. $1,051,292 25
Maintenance of Equipment ... 541,17791
Conducting Transportation 2,068,214 97
General Expenses 159,969 31
Total ($5,902.42 per mile) $5,148,092 36 Total ($4,380.48 per mile) $3,820,664 44
Net earnings (25.78 p. c.), $1,327,437.92 ; other receipts, $11,956.28— total, $1,339,394.20.
Payments: Interest on funded debt (1st mortgage, $477,240; 2d mortgage, $352,700; 3d
mortgage, $108,380 ; Colorado Bridge, $13,860 ; new construction, $59,562.48), $1,011,742.48 ;
interest on debt, $13,242.24 ; taxes, $111,134.98 ; new equipment and property, $85,130.29 —
total, $1,221,249.99. Surplus, $118,144.21 ; surplus forward, $1,074,238.11— total, $1,192,-
872.32.
460
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
6. General Balance Sheet, December 31, 1901.
Cost of Road and Equipment $32,934,031 45
289,321 72
16,149 08
275,981 27
61,060 19
503,581 40
302,873 47
54,716 23
148,132 03
Stocks and Bonds Owned.
Colo. Bridge Guar. and Sink. Fund
Materials and Supplies
Cash on Hand
Current Accounts and Balances
Due for Replaced Equipment
Unearned Int. Equip. Trusts
Other Assets
Total Assets $34,585,852 84
Cap. Stk. ($25,000,000 auth. ; flOO shares) $9,755,000
Funded Debt (see Sec. 7) 20,366,052
Construction Obligations (unfunded)... 1,366,999
Equipment Trust Obligations 357,589
Premium on Bonds 186,486
Current Liabilities 1,064,280
Interest Accrued, not Due 264,803
Equipment Replacement Fund 32,268
Profit and Loss 1,192,372
Total Liabilities $34,565,862
7. Funded Debt.— The funded debt on Dec. 31, 1901— total, $20,366,052.50, as per general balanc
sheet— consisted of the following: (1) $9,051,000 1st gold 6s of Nov. 1, 1919; (2) $8,151,000 2d gold 5s of
Sept. 1, 1909; (3) $2,966,052.50 (including $£15,000 held in the company's treasury) 3d gold 4s of Sept. 1,
3921, and (4) $198,000 Colorado Bridge 1st gold 7s of May 1, 1920. Originally the rate of interest on the
2d mtge. bonds was 6 p. c. per annum, but it was reduced in 1890 to the rate of 4i p. c. per annum
for the six years ending Sept. 1, 1897, and 5 p. c. per annum thereafter unless default is made, when
the original rate is to be restored. The $2,721,052.50 of 3d mtge. bonds outstanding include fractional
scrip amounting to $11,052.50. Between Dec. 31, 1901, and May 1, 1902, there were issued $744,000 additional
1st mtge. bonds and $744,000 additional 2d mtge. bonds, to cover the cost of new mileage constructed.
(Additional particulars respecting the funded debt will be found in the Ready Reference Bond List — see
General Index.)
8. Equipment Trust Obligations. — The equipment trust obligations represent the cost of
15 locomotives, 460 box and 100 coal cars built in 1898 and 1900, including interest on same for the
average period for which the notes run. The notes mature monthly to and including the year 1908.
9. Statement of operations, income and capital accounts, for eight years ending Dec. 31 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad Operated.
Passenger Train Miles.
775.40
958,404
1,280,675
564,658
29,365,752
865.472
148,290,476
746,072
2,278,463
220,225
776.61
950,430
1,444,246
521,800
30,533,699
1,012,492
171,129,900
$
746,948
2,302,725
227,984
825.40
1,066,610
1,588,437
522,584
30,598,183
1,008,852
204,702,059
$
741,788
2,549,646
236,743
825.40
1,015,145
1,632,150
504,842
29,488,849
1,114,417
234,431,262
$
698,811
2,724,638
233,887
825.40
1,068,577
1,490,188
581,083
35.177,675
1,220,982
241,655,502
S
812,131
2,917,527
261,197
825.40
1,093,689
1,486,062
609,058
38,798,898
1.268,221
246,088,115
S
905,816
2,938,185
333,807
825.40
1,208,466
1,472.616
736,177
42,555,017
1,414,021
272,958,019
$
962,332
3,124,722
351,522
872.20
1,320,840
1,515,644
885,233
46,395.51!»
1,599,821
301,370,106
$
1,094,742
3,644,403
408,947
Freight Train Miles ....
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous
Gross Earnings . ....
2,244,760
2,306,849
3,277.657
2,491,960
3,528,177
2,697,482
3,657,336
2,675,507
3,990,855
2,789,500
4,177,808
2,973,001
4,438,576
3,232,225
5,148,092
3,820,654
Operating Expenses
Net Earnings
937,911
8,078
785,697
49,533
830,696
7,349
981,829
6,215
1,201,355
1,868
1,204,807
4,976
1,206,351
8,157
1,327,438
11,980
Other Receipts
Net Income
945,989
794,670
129,698
+ 21,621
4,18463
2,975 04
1,20959
71.09 p. c.
2.54 c.
1.54C.
$
9,755,000
18,328,137
835,230
794,670
88,477
— 47,917
4,220 46
3,208 76
1,011 70
76.03 p. c.
2.45 c.
1.35 c.
S
9,755,000
18,230,372
838,045
794,670
134,552
— 91,177
4,274 50
3,268 00
1,00641
76.45 p. c.
2.42 c.
1.25C.
$
9,755,000
18,105,629
988,044
856,380
1(16,773
— 35,109
4,430 99
3,241 47
1,189 52
73.15 p. c.
2.37 c.
1.16c.
9
9,755,000
18,178,887
177,540
1,014,755
956,098
1,203,223
952,227
204,473
+ 46,523
4,83505
3.3.'!) 57
1.4554S
69.90 p. c.
2.27 C.
1.21 c.
8
9,755,000
18,179.548
409,166
1,172,822
1,002,613
1,209,783
952,368
222,794
+ 34,621
5,061 55
3,60189
1,459 66
71.16 p. c.
2.34 c.
1.19C.
$
9,755,000
18,179,548
239,727
993,787
1,037,235
1,214,508
952,415
225,100
+ 36,993
5,377 48
3,9!5 95
1,46153
72.82 p. c.
2.26 c.
1.14c.
$
9,755,000
18,179,052
454,872
1,174,121
1,074,228
1. 339,304
1,011,742
209.508
+ 118,144
5,90242
4,38048
1,52194
74.22 p. C.
2.31 C.
1.21 c.
S
9,755,000
20,366,052
357,590
2,914,838
1,192,372
Int. on Funded Debt
Other Charges
Balance ( + or — )
Gross Earnings per Mile . . .
Gross Expenses per Mile. . .
Net Earnings per Mile. . . .
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Av. Rate p. Ton p. Mile
Capital Stock
Funded Debt
Equipment Trust Obli'ons .
Current Liabilities
831,921
1,130,294
636,631
1,082,377
954,569
991,200
Profit and LOBS
Total Liabilities
30,045,352
28,669,149
307,767
157,346
911,090
29,704,380
28,669,149
307,132
118,264
600,835
29,806,398
28,669,149
308,997
153,448
674,804
30,082,274
28,909.149
299,362
148,973
724,790
30,519,149
28,909,149
299,362
204,800
1,105,838
30,205.297
28,909,149
290,862
215,330
789,956
30,637,273
28,904,149
289,322
159,992
1,283,810
34,585,853
32.934,031
289,322
275,981
1,086,519
Road and Equipment
Stocks and Bonds
Materials and Supplies
Cash and Current Assets. . .
Total Assets
30,045,352
29,704,380
29,806,398
30,082,274
30,519,149
30,205,297
30,637,273
34,585,853
1C. PROPRIETARY RAILROADS OP THE INTERNATIONAL AND GREAT NORTHERN RR. Co.
Georgetown RR.— Georgetown to Round Rock, Henderson and Overton RR.— Henderson
Tex., 10 m.; total track, 11 miles. Chartered May to Overton, Tex., 16 m.; total track, 16.5 mile*.
81, 1878; opened Dec. 11, 1878. Sold under fore- Chartered April 6, 1874; opened May 8, 1877. Owned
closure Aug. 6, 1879. Owned by the I. & G. N. RR. by tie I. & G. N. RR. Co.
Co.
POORS MANUAL OF RAILROADS.
401
11. Board of Directors, I. & O. N. RR. Co., as constituted April 7, 1902.
George J. Gould Lakewood, N. J.
Edwin Gould Irvin^ton, N. Y.
Howard Gould Tarrytown, N. Y.
Frank Jay Gould.. .New York, N.Y.
Leroy Trice Palestine, Tex.
A. R. Howard " "
Ira H. Evans Austin, Tex.
N. A. Stedman Palestine, Tex.
W. L. Maury " "
GEORGE J. GOULD, President New fork, N. Y.
Frauk Jay Gould, 1st Vice- President " "
Leroy Trice, Zd Vice-Pres. & Gen. Manager Palestine, Tex.
See. & Treat.— A. B. Howard Palestine, Tex. [Auditor— W. L. Maury Palestine, Tex.
Asst. Sec. <ft Asst. Treas.—B.. B. Henson New York, N. Y.
PRINCIPAL OFFICE AND ADDBESS Palestine, Tex.
KANSAS CITY, CLINTON AND SPRINGFIELD RY. CO.
Main Line of Road. — Olathe, Kan., to Ash Grove, Mo 154.23 m.
Pleasant Hill Branch : Raymore June, to Pleasant Hill, Mo 8.40 m. — 162.63 miles.
Sidings, 20.40 miles. Gauge, 4 ft. 8| in. Rail (steel, 163.79 m.), 56 Ibs.
History.— Consolidation, Feb. 12, 1885, of the K. C., C. & S. and the Pleasant Hill and
De Soto RR. Cos. Road opened Nov. 1, 1885. In Sept., 1901, the company purchased of the
Kansas City, Fort Scott and Memphis Ry. Co. a line extending from Springfield, Mo., to
Arcadia, Kan., about 85 miles (see GENERAL INDEX for K. C., F. S. & M. Ry. Co.).
Rolling Stock, June 30, 1901. — Locomotives, 12. Cars — passenger, 6 ; baggage, mail,
and express, 3 ; freight (box, 86 ; coal, 127), 213— total, 222.
Operations, year ending June 30, 1901. — Train mileage — passenger, 158,160 ; freight,
178,248— total, 336,408 miles. Passengers carried, 109,604 ; carried one mile, 3,402,292 ;
average mile rate, 2.21 cents. Tons freight moved, 295,703 ; moved one mile, 28,725,043 ;
average ton-mile rate, 0.86 cent.
Earnings— Passenger $76,839 02
Freight 247,599 37
Mail and Express 21,64964
Miscellaneous 5,495 69
Total (82,161.86 per mile) $351,583 72
Expenses— Maint. of Way and Structures . . . $77,443 01
Maintenance of Equipment 30,852 04
Conducting Transportation 101,67281
General Expenses 6,208 69
Total (81,329.25 per mile) $216,176 55
Net earnings (38.51 p. c.), $135,407.17 ; other receipts, $944.19— total, $136,351.36. Pay-
ments : Interest on funded debt, $163,660 ; taxes, $17,825.01— total, $181,485.01. Deficit,
$45,133.65 ; deficit forward, $701,112.85— total, $746,246.50.
Capital stock, bonded debt, gross and net revenue, etc., for eight fiscal years :
Capital
Bonded
Cost RR. &
RR. Op-
Gross
Net
Net
Taxes
Interest
Total
Balance
Years
Stock.
Debt. ]
nvestments.
erated.
Earnings.
EanTs.
Income.
Paid.
Paid.
Paym'ts.
$
$
$
Miles.
$
8
$
$
$
$
+ <$~
1894.
..1,775,400
3,250,000
5.052,693
16-2.63
338,528
151,239
151,239
22,137
163,660
185,797
-34,558
1895.
.1,775,400
3,250,000
5,043,321
162.63
414,328
196,046
196,109
20,862
163,660
184,522
+ 11,587
18%.
.1,775,400
3,250,000
5,043,321
162.63
403,916
185,078
185,242
19,368
163,6oO
183,028
+ 2,214
1897.
.1,775,400
3,250,000
5,043.321
162.63
330,045
125,097
125,208
20,414
163,660
184,074
-58,867
1898.
.1,775,400
3,250,000
5,043,321
162.63
339,447
139,442
139,798
21,320
163,660
184,980
-45,182
1899.
.1,775,400
3,250,000
5,040,971
162.63
284,278
81,085
82,965
15,986
163,660
179,646
-96,681
1900.
.1,775,400
3,250,000
5,040,971
162.63
301,516
88,326
88,987
17,902
163,660
181,562
--92,576
1901.
.1,775,400
3,250,000
5,035,071
162.63
351,584
135,407
136,351
17,825
163,660
181,485
-45,134
General Balance Sheet, June 30, 1901.
Cost of Road $4,798,576 37
Cost of Equipment 236,494 42
14,452 29
64,648 02
Profit and Loss 746,246 50
Materials and Fuel on Hand.
Cash and Current Asets
Total Assets $5,860,417 60
Capital Stock ($100 shares) $1,775,40000
Funded Debt Outstanding 3,250,00000
Bills Payable 765,000 00
Accrued Interest 40,915 00
Current Accounts 29,102 60
Total Liabilities $5,860,417 60
Funded Debt. — The funded debt outstanding on June 30, 1901, consisted of (1) $3,192,000 1st gold
5s of Oct. 1, 1925, and (2) $58,000 P. H. & De S. RR. 1st gold 7s of Oct. 1, 1907. The bonds are guaranteed,
both as to principal and interest, by the Kansas City, Fort Scott and Memphis Ry. Co. The 1st mtge.
bonds are secured on the entire property of the company (exclusive of the line from Springfield to Arcadia,
purchased form the K. C., F. S. & M. Ry. Co.), subject to the lien of the $58,000 P. H. & De Soto RR.
bonds on the line from Pleasant Hill, Mo., to Cedar June., Kan., 44.96 miles. The line from Springfield
to Arcadia is covered by one of the divisional mortgages of the Kansas City, Fort Scott and Memphis
Ry. Co., the bonds secured by which are to mature Sept. 1, 1910.
462
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Directors (elected March 12, 1902).— H. S. Priest, L. O. Hocker, St. Louis, Mo. ; Wallace
Pratt, I. P. Dana, S. T. Fulton, Kansas City, Mo.; C. W. Goodlander, Fort Scott, Kan.;
G. D. Milligan, Charles A. McCann, E. M. Smith, Springfield, Mo.
H. S. PRIEST, President St. Louis, Mo.
Supt., Ffft. & Pass. Afft.—E. J. Perry. .. Springfield, Mo. | Sec., Treat. & Aud.—K. M. Smith Springfield, Mo.
PRINCIPAL OFFICE AND ADDRESS Springfield, Mo.
KANSAS CITY SOUTHERN RAILWAY COMPANY (THE).
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Pledged 9 Earnings, etc., 1900 and 1901 8 Mileage Oper'd after Jan. 1, 1902. 2a
Capital Stock 6 Funded Debt 9 Operations and Income, 1900 and
Controlled Properties Acquired.. 2a Gen. Balance Sheet, June 30, 1901. 5 1901 8
Directors and Officers ...10 History 2 RollingStock 3
Dividend Rights 6 Income Account, June 30, 1901. . 4 Securities Pledged 9
Earnings, Expenses, etc 4 Mileage Operated June 30, 1901 ... 1 Voting Trust 7
1. Mileage Operated, Juno 30, 1901.— ^1. LINES OWNED (total, 809.89 miles).
Main Line : Grand View, Mo., to Port Arthur, Tex 765.35 miles.
Fort Smith Branch : Spiro, I. T., to Fort Smith 16. 15
Lake Charles Branch : De Quincy to Lake Charles, La 22.58 "
White Cliffs Branch : Wilton to White Cliffs, Ark 6.31
B. TRACKAGE RIGHTS (total, 23.50 miles).
St. Louis & San Francisco BR.: Grand View to Belt Junction, Mo 11.03 "
Kansas City Suburban Belt RR.: Belt Junction to Kansas City, Mo 12.97 "
Total length of lines operated, June 30, 1901 833.39 miles.
Passing tracks, sidings, etc., 156.58 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60, 75, and 85 Ibs.
2. History. — Incorporated March 19, 1900, under the laws of Missouri, as successor to
the Kansas City, Pittsburg and Gulf RR. Co., whose property was sold under foreclosure on
Marcli 19, 1900 (see MANUAL for 1899, page 555, and MANUAL for 1900, page 658). The com-
pany took possession of the property on April 1, 1900. The lines in Texas are owned and
operated by the Texarkana and Fort Smith Ry. Co., all of whose securities are owned by this
company. For convenience the statistics of the Texarkana and Fort Smith Ry. Co. are incor-
porated in this statement.
2a. Acquisition of Controlled Properties. — In the reorganization the company acquired
nearly all of the stock and bonds of the Kansas City Suburban Belt RR. Co. and its controlled
companies (Kansas City and Independence Air Line Co. and Union Terminal RR. Co.), and of
the Port Arthur Channel and Dock Co., the owner of a ship canal from Port Arthur to Deep
Water, with docks and terminal facilities. The mortgages on these controlled properties
were foreclosed and the properties acquired by this company on Jan. 1, 1902. In consequence
of these acquisitions the railroad mileage operated by the company after Jan. 1, 1902, was as
follows:
Main line and branches owned as per Sec. 1 809.89 miles.
Kan. City Suburban Belt RR.: Brush Creek, Mo., to State Line, Kan 13.45 "
Union Terminal RR.: State Line, Mo., to Argentine. Kan 5.18 "
Kan. City and Ind. Air Line : Air Line June, to Independence, Mo 5.58 "
Trackage Rights: St. Louis and San Francisco RR. (as in Sec. 1) 1 1 .03 "
Total mileage operated (owned, 834.10 m.) from Jan. 1 , 1902. i;].r). 18 miles.
3. Rolling Stock, June 30, 1901. — Locomotives, 113. Cars — passenger, 29; combination,
3; excursion, 1; baggage, mail, and express, 15 ; freight (box, 3,142; flat, 708; stock, 330; coal,
1,711; furniture, 221), 6,112; service, 549— total, 6,822.
4. General Income Account, year ending June 30, 1901.
Earnings— Passenger $624,234 80 Expenses— Maint. Way and Structures — $703,552 63
Freight 3,924,53084 Maintenance of Equipment 623,163 &S
Mail 90,89162 Conducting Transportation. ... 1,835,81939
Express 77,60234 General Expenses l->3ii.6N5 81
Miscellaneous 35,80683 Total ($4,078.79 per mile) S3,3!i9.-J-Jl 71
* Less, Chargeable to Construction 29,818 17
Total ($5,708.29 per mile) $4,753,066 43 Actual ($4,043.01 per mile) $3,369,403 54
la. Net earnings (31.21 p. c.), $1,383,662.89; add miscellaneous interest, $523.17— total-
POOR'S MANUAL— KANSAS CITY SOUTHERN RY. CO.
463
1^1,884,186.06. Deductions: Taxes, $114,600; interest on bonds, $762,902.89 ; interest on
•eceivers' certificates, $28,000— total, $905,502.89. Surplus, $478,683.17; deficit to June 80,
.900, $51,705.04; net surplus, June 80, 1901, $426,978.13.
4fo. The results from operation for the three months ending June 80, 1900, were as
'ollows: Gross earnings, $1,016,540.86. Operating expenses, $857.925.20; less, amount
Chargeable to construction, $17,405.03*; actual expenses of operation, $840,520.17. Net earn-
ings, $176,020.69. Deductions: Taxes, $30,000; interest on bonds, $190,725.73; interest on
•eceivers' certificates, $7,000— total, $227,725.73. Deficit, $51,705.04.
* Expenditures for completing unfinished construction of the Kansas City, Pittsburg and Gulf RR.
.included in operating expenses but chargeable to cost of property.
5. General Balance Sheet, June 30, 1901.
Instruction and Equipment $61,492,18210
•Securities of Terminal Companies 13,788,872 79
lEquip. Contracts, K. C., P. & G. RR. Co. 1,095,723 04
(Port Arthur Channel * Dock Co 289,581 83
(Kansas City Suburban Belt RR. Co 46,250 00
IK. C. S. Ry. Co. Securities held by Re-
I organization Committee 2,833,728 00
First Mtge. Bonds in Reserve 3,802,500 00
( 'unvnt Assets 551,359 55
Cash 255,417 99
(Materials and Supplies 402,96853
Total Assets $84,558,583 83
6. Capital Stock. — Preferred stock is entitled to non-cumulative dividends to the extent of, but
limited to, 4 p. c. per annum out of the surplus net earnings in each fiscal year before any dividends for
|such year shall be paid on the common stock.
7. Voting1 Trust. — Both classes of stock (except such number of shares as to qualify directors)
are vested for five years in the following seven voting trustees: John W. Gates, E. H. Harriman, Herman
Sielcken, Geo. J. Gould, James Stillman, Louis Fitzgerald, Otto H. Kahn. The voting trustees may in their
discretion deliver the stock at an earlier date.
8. Statement of operations, etc., for two years ending June 30:
Preferred Stock ($100 shares)
$21,000,000 00
Common Stock ($100 shares)
30,000,000 00
First Mtge. Bonds— Issued
26,197,500 00
First Mtge. Bonds — Unisued
3,802,50000
Equipment Trust Obligations
1,095,723 04
Receivers' Certificates
700,000 00
Net Liabilities Assumed
50,501 27
Accrued Interest on Bonds
190,725 72
Loans and Bills Payable
581,742 61
Current Liabilities
512,913 06
Profit and Loss
426,978 13
Total Liabilities
$84,558,583 83
1900
1901
1900
1901
Miles of Road Operated
833.39
834.001
1,948,348
13,540
833.39
1,062,412
1,886,530
11,856
Gross Earnings :
9
493,088 85
3,421,908 77
203,765 78
624,234 80
3,924,530 84
204,300 79
Train Mileage— Passenger —
Freight
Freight
Other
Mixed
Total
Total Revenue Mileage. . . .
Passengers Carried
4,118,763 40
3,326,014 51
4,753,066 43
3,399,221 71
2,795,889
479,993
20,402,416
1,834,136
558,332,601
2.416 c.
0.613 C.
2,960,798
620,845
26,292,363
1,848,028
571,483,288
2.374 c.
0.687 c.
Operating Expenses.
Net Earnings
792,748 89
4,903 11
3,959 40
943 71
80.75 p. c.
1,353,844 72
5,703 29
4,078 79
1,624 50
71 .52 p. c.
Passenger Mileage
Gross Earnings per Mile
Operating Expenses per Mile. .
Net Earnings per Mile
Freight (tons) Moved
Freight (ton) Miles
Aver. Earn, per Pass, per Mile.
Aver. Earn, per Ton per Mile. .
Expenses to Earnings
9. Funded Debt.— The funded debt outstanding on June 30, 1901, consisted of $26,197,500 out of a
total issue of $30,000,000 1st gold 3s of April 1, 1950, the remaining $3,802,500 of the bonds not being
issued until early in 1902. The mortgage securing these bonds covers as a first lien the line of railroad
of the Kansas City Southern Ry. Co. proper, from Grandview, Mo., to Mena, Ark., 356.14 miles of main
line and 91.47 miles of branches, sidings and terminal tracks. The rest of the system is owned and con-
trolled through the ownership of practically all of the securities, both stocks and bonds, of the constituent
companies, and these securities have been deposited as collateral security to the bonds issued under this
mortgage. The following statement gives the names of these constituent companies and shows the amounts
of their securities deposited.
Capital Stock.
First Mtge. Bonds.
Total
Capitali-
zation.
Amount
Deposit'd.
Total.
Deposit'd,
Total.
Deposit'd.
Texarkana and Fort Smith Ry. Co
$
100,000
300,000
500,000
2,000,000
$
100,000
300,000
499,800
1,999,900
S
5,591,000
6,623,000
300,000
2,000,000
750,000
5,591,000
6,623,000
299,000
1,995,000
745,000
S
5,691,000
6,923,000
800,000
4,000,000
750,000
150,000
3,250,000
5,750,000
S
5,691,000
6,923,000
798,800
3,994,900
745,000
150,OCO
3,237,900
5,702,972
Kansas City, Shreveport <fc Gulf Ry. Co
Kansas City & Independence Air Line
Union Terminal Ry. Co
Consolidation Terminal RR. Co
Kansas City, Shreveport & Gulf Term'l Ry. Co..
Port Arthur Channel and Dock Co
150,000
1,600,000
4,750,000
150,000
1,590,900
4,706,972
1,650,000
1,000,000
1,647,000
996,000
Kansas City Suburban Belt Co
Totals
9,400,000
9,347,572
17,914,000
17,896,000
27,314,000
27,243,572
464
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
The mortgage also covers all lands, buildings, terminals, equipment of every kind and nature, leases,
contracts, furniture and all other property, real or personal, now owned or hereafter acquired by thi
company. (Additional particulars respecting the bonds will be found in the Ready Reference Bond List-
see General Index.)
1O. Directors.— S. W. Fordyce, H. C. Pierce, J. S. Walsh, St. Louis, Mo.; John W.
Gates, John Lambert, J. J. Mitchell, Chicago, 111.; Edwin Gould, George J. Gould, Lawrence
Greer, E. H. Harritnan, O. H. Kahn, New York, N. T.; W. F. Harrily, Philadelphia, Pa.;
S. R. Knott, Kansas City, Mo.
S. R. KNOTT, President Kansas City, Mo.
George J. Gould, Vice-President New York, N. Y.
Secretary— Me*. Millar New York, N. Y. I Comptroller— Win. Mahl New York, N. Y.
Asst. Sec. <t Aud.—R. J. McCarty . . . .Kansas City, Mo. | Treasurer— F. V. 8. Crosby
PBINCIPAL OFFICE AND ADDRESS Kansas City, Mo.
MISSOURI, KANSAS AND TEXAS RAILWAY COMPANY,
(For map of this system, see page 465.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Directors and Officers 15 Income Account, 1894-1901 18 Operations and Income, 1894-1901. 13
Earnings, Expenses, etc., 1901.... 6 ; Interest on Bonds 7 Rentals 9
Earn'gs, Exp'ses, etc., 1894-1901 . 13 Land Department 12 Rolling Stock 5
Funded Debt, Details of 10 Leases and Trackage Contracts.. 4 St. Lonis Div. 1st Refund. Mtge.
Gen. Balance Sheet, June 30, 1901. 8 Mileage Operated, June 30, 1901.. 1 Gold Bonds 11
Gen. Balance Sheet, 1894-1901 13 Mileage of System, July 1, 1902.. 2a Subsidiary Companies, Statem'ts
History 2 Missouri, Kansas & Texas Ry. Co. of 14
Income Account, June 30, 1901... 6 of Texas 3
1. Mileage Operated, June 30, 1901.— .4. LIKES OWNED (total, 1,162.70 miles).
Main Line : Texas June., Mo., to Red River, Tex 629.07 miles.
Columbia Branch : McBiiine 10 Columbia, Mo 8.53 "
Hannibal Division : Franklin Junction to Hannibal, Mo 104.50 "
Kansas City Division : Sedaiia, Mo., to Paola, Kan 86.42
Eldorado Springs Branch : Walker to Eldorado, Mo 14. 25
Kansas City and Pacific Division : Paola, Kan., to Stevens, I. T 130.06
Parsons Division (or Neosho Section): Junction City to Parsons, Kan 157.51
Southwestern Mineral Branch : Labette to Mineral City, Kan IT. 00
Krebs Branch : McAlester to Krehs, I. T 4.61
Sundry Spurs 10.75 "
B. MISSOURI, KANSAS AND TEXAS RY. OF TEXAS (total, 1,069.92 miles).
Main Line : Red River to Houston, Tex 447.65 "
Sherman Branch : Denison to Sherman, Tex 11.16 "
Henrietta Line : Denison to Henrietta, Tex 112.28 "
Shreveport Division : McKinney to Waskom, Tex 182.34 "
Denton Branch : Dallas to Denton, Tex 37.62 "
Mineola Branch : Greenville to Mineola, Tex 50.50 "
Fort Worth Division : Hillsboro to Fort Worth, Tex 54.50
Belton Branch : Echo to Belton, Tex 7.12 "
San Antonio Division : Smith ville to San Antonio, Tex 100.20 "
Trinity and Saline Ry. : Trinity to Colmesneil, Tex 66.55 "
C. LEASED AND OPERATED LINES (total, 54.88 miles).
Vicksburg, Shreveport and Pacific RR.: Waskom, Tex., to Shreveport, La 17.00 "
Wichita Falls Ry. : Henrietta to Wichita Falls, Tex 17.88 "
Denison and Washita Valley Ry. (see subjoined statement) 20.00 "
D. TRACKAGE AND TERMINAL RIGHTS (total, 192.07 miles).
Chicago, Burlington and Quincy RR.: St. Louis to Texas June., Mo 24.00
Kansas City, Fort Scott and Memphis RR.: Kansas City, Mo., to Pnola, Kan. . 48.00
Texas and Pacific Ry. : Whitesboro to Fort Worth, Tex 71.18
Galveston, Houston and Henderson RR. : Houston to Galveston, Tex 50.00
Vicksburg, Shreveport and Pacific RR.: Terminals, Shreveport, La 2.29
Cfalveston, Harrisburg and San Antonio Ry. : San Antonio, Tex 1.60 "
Total length of lines operated, June 30, 1901 2,479.57 miles.
Sidings, 427 miles. Gauge, 4 ft. 8* in. Rail (steel, 2,875.80 miles), 68 to 80 Ibs.
^^^^^^^^^^^S^=^^S^Sl!^l^ \ N^ILL?i!^ilW^r*
&*F$*23%ii^3F^
fPr,otCr»k '.
FtArbuck
Hot Spr;
*x — \ &*rfdu&£
W^apSlp*>^*>%>^
v
-flUtiB-Vit
L^j/^Q.e.Birofa
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MISSOURI,
KANSAS AND TEXAS
RAILWAY.
466 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
2. History. — Consolidation, May 20, 1896, of the (first) Missouri, Kansas and Texas Ry.
Co., the Missouri, Kansas and Eastern Ry. Co., the Southwestern Mineral Ry. Co., and the
St. Louis and Kansas City Ry. Co. (see MANUAL for 1898, page 533). The Kansas City, El-
dorado and Southern Ry., 14.25 miles, was purchased on Oct. 24, 1899, and the Kansas City
and Pacific Ry., 130.06 miles, previously leased, was absorbed by consolidation on Nov. 24,
1899. The Missouri Midland Ry. Co., from Columbia to McBaine, Mo., 8.53 miles, was ab-
sorbed on March 9, 1901.
On April 10, 1902, the company purchased the Fort Scott, lola and Western Ry., from
lola to Moran, Kan., 15.2 miles, and on May 20, 1902, purchased the Missouri, Kansas and
Northwestern RR., from Joplin, Mo., to Mineral, Kan., 29.85 miles, paying for the former
$270,000 in common stock and $304,000 in 1st mortgage extension bonds, and for the latter
$550,000 in common stock and $576,000 in 1st mortgage extension bonds. An extension
recently completed from lola to Piqua, Kan., increases the length of the Fort Scott, lola and
Western line to 21.65 miles.
2a. Mileage of System, July 1, 1902.— In consequence of the additions since June 30,
1901, noted in Sec. 2, and in consequence of the Denison, Bonham and New Orleans RR.,
from Denison to Bonham, Tex,, 24.2 miles, having been taken over under a lease or an
operating contract, the length of the system on July 1, 1902, was 2,555.27 miles, as follows :
Lines of M,, K. & T. Ry., June 30, 1901, as per Sec. 1 1,162.70 miles.
Ft. Scott, lola and Western Ry. : Moran to Piqua, Kan 21.65 "
Mo., Kan. & Northwestern RR. : Joplin, Mo., to Mineral, Kan 29.85
C.,B. & Q. RR., Trackage: St. Louis to Texas June., Mo 24.00
K. C., F. S. & M. Ry., Trackage : Kansas City, Mo., to Paola, Kan 43.00 "
Total length of M., K. & T. Ry 1,281.20 miles.
M., K. &T. Ry. of Texas, as per Sec. 1 1,069.92m.
Waskom Extension, Vicksb., Shrevep. & Pac. RR 17.00 m.
Vicksb., Shrevep. & Pac. RR., Shreveport Terminals 2.29 m.
Texas and Pacific Ry., Trackage to Fort Worth 71.18 m.
Galv., Harrisb. & San Antonio Ry., San Antonio Terminals 1.60 m. — 1,161.99
Wichita Falls Ry 17.88
Denison and Washita Ry 20.00
Galveston, Houston and Henderson RR .... 50.00
Denison, Bonham and New Orleans RR 24.20
Total mileage of M., K. & T. System 2,555.27 miles.
3. M., K. & T. Ry. Co. of Texas.— The Missouri, Kansas and Texas Ry. Co. of Texas
(see statement therefor, Section 14), was organized on Oct. 28, 1891, under the laws of the
State of Texas, to acquire title to the railroads owned by the Missouri, Kansas and Texas Ry.
Co. within that State. An extension from Smithville to Lockhart, Tex., 37 miles, connecting
the Lockhart-San Marcos Branch with the main line, was completed Oct. 1, 1892, and an ex-
tension of the main line from Boggy Tank to Houston, 80 miles, was completed March 1, 1893.
At about the same time the company acquired the Sherman Branch, built under the charter
of Sherman, Denison and Dallas Ry. Co. The extension from San Marcos to San Antonio,
Tex., 45.6 miles, was completed and put in operation on May 3, 1901. The Sherman, Shreve- *
port and Southern Ry. Co., owner of the line from McKinney to Waskom, Tex., 182.34 miles,
and lessee of the Waskom Extension of the Vicksburg, Shreveport and Pacific RR., was
absorbed by consolidation on May 7, 1901 (see MANUAL for 1901, page 488). The entire capital
stock of the Texas company is deposited in trust for the benefit of the security of the stock-
holders and bondholders of the M., K. & T. Ry. Co.
4. Leases and Trackage Contracts. — The Denison and Washita Valley Ry. is leased
for 50 years ending in April, 1939, at a rental of $60,000 a year. The Waskqra/Ej&eusipn of
the Vicksburg, Shreveport and Pacific RR. is leased for 25 years from Dec. 22,\*&99, at a fixed
yearly rental. The company also has joint use of the Shreveport terminals of the same road
at a fixed yearly rental and a proportion of the cost of maintenance, openrtimrand taxes. The
Wichita Falls Ry. is operated under a contract for 10 years from May 1, 1895, for an average
POOR'S MANUAL— MISSOURI, KANSAS AND TEXAS RY. CO.
457
if something over 20 p. c. of its gross earnings. The company has joint use of the line of the
"exns and Pacific Ry. from Fort Worth to Whitesboro, Tex., 71.18 miles, at an annual rental
if 6 p. c. on $10,000 per mile, together with one-half of taxes, expenses, etc. The Galveston,
lonston and Henderson RR. is operated by its management equally for the benefit of this
lompany and the International and Great Northern RR. Co., under the terms shown in the
statement for the G., H. & II. RR. Co. (see GENERAL INDEX). This company and the Inter-
lational and Great Northern own (one-half each) the capital stock of the G., H. & H. RR. Co.
The company has joint use of tbe line of the Chicago, Burlington and Quincy RR., from Texas
function to St. Louis, Mo., 24 miles, until Feb. 1, 1993, at a fixed yearly rental and a pro-
lortional charge for maintenance and operation. The St. Louis freight terminals of the
same road are used at a fixed rental of $40,000 a year and a proportional charge for main-
tenance and operation. The company has joint use of the line of the Kansas City, Fort Scott
and Memphis Ry. Co., for through traffic, paying therefor a fixed rental of $30,000 a year
and a proportional charge for operation, maintenance and taxes, the contract to endure for
99 years from April 1, 1894. The contract with the Galveston, Harrisburg and San Antonio
Ry. Co. runs 10 years from June 1, 1901, and secures to the company joint use of tracks and
terminals at San Antonio, at a fixed rental of $15,300 a year, a proportional charge for
betterments, additions and improvements, and a proportional charge for maintenance and
operation.
5. Rolling Slock, June 30, 1901. — Locomotives, 294. Cars — passenger and combination,
127 ; baggage, mail, and express, 66 ; freight (box, 5,560 ; flat, 688 ; coal, 2,089 ; stock, 497 ;
refrigerator, 112 ; furniture, 1,275 ; caboose, 164), 10,385 ; other, 186— total cars, 10,764.
6. General Income Account, year ending June 30, 1901. *
Expenses— Maint. of Way and Structures .$2,815,606 72
Maintenance of Equipment 1,361,581 35
Conducting Transportation 5,922,286 37
General 724,539 18
Earnings— Passenger $2.658,244 56
Freight 12,097,617 97
Mail and Express 573,622 27
Other 73,598 31
Total ($6,800.48 per mile) $15,403,083 11
Net Earnings (29.73 p. c.) $4,579,069 49
Dividends and Interest 5,50000
Miscellaneous Income 32,636 89
Total ($4,778.81 per mile) $10,824,013 62
Taxes $310,133 17
Interest on Bonds (see Sec. 7) 3,118,015 13
Rentals (see Sec. 8) 389,141 90
Total, Net Income $4,617,206 38 Total Payments $3,817,290 20
Surplus for year, $799,916.18 ; surplus to June 30, 1900, $1,785,225.67— total, $2,585,-
141.85.
7. interest on Bonds.— M., K. & T. Ry. 1st 4s, $1,592,520 ; M., K. & T. Ry. 2d 4s,
$800,000 ; M., K. & T. Ry. Ext. 1st 5s, $80,566.66 ; M., K. & T. Ry. of Tex., 1st 5s, $147,-
,405.55 ; M., K. & E. Ry. 1st 5s $200,000 ; M., K. & E. Ry. 2d 5s, $25,000; K. C. & P. RR.
1st 4s, $100,000 ; D. & W. Ry. 1st 5s, $67,000 ; Boonv. RR. Brg. 1st 7s, $70,000 ; Boonv.
RR. Brg. Sink. Fd., 1 p. c., $10,000 ; T. & N. RR. 1st 7s $13,090 ; S. S. & S. Ry. 1st 5s,
$12,432.92— total, $3,118,015.13.
§. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $149,341,76540
New Equipment 2,168,611 80
Stocks and Bonds Owned (Value) 472,400 96
Real Estate Purchased 44,891 21
Materials and Supplies 901,49302
Cash on Hand 1,276,384 34
Agents, Individuals, and Companies.... 874,678 70
Total Assets $155,079,22543
Common Stock (see Sec. 2). $55,280,300
Preferred Stock 13,000,000—
Stocks of Subsidiary Lines:
Boonville RR. Bridge Co. .$1,000,000
M., K. & T. Ry. Co. of Tex. 2,468,900—
Mortgage Bonds
Rail Replacement Fund
S. S. & S. Ry. Improvement Fund
Deferred Payments
Sundry Accounts
Interest Accrued, not Due
Taxes not Due '.
Current Liabilities
Income Account
3,468,900 00
76,294,000 00
375,565 23
191,006 93
1,130,315 20
14,138 85
700,438 31
137,783 51
1,901,635 55
2,585,141 85
Total Liabilities $155,079,225 43
9. Rentals. — These consist of the following : St. Louis terminals and joint track,
$132,142.88; Kansas City ditto, $53,418.51; Denison terminal and Denison and Washita
468 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROI p.
Valley Ry., $60,000; tracks to Union Station, St. Louis, $16,666.fl8; Texas and Pacific joint
track, $61,134; Qalveston, Houston and Henderson RR., $62,000; Vicksb., Snrevep. & Pac.
terminals and joint track, $2,004.84 ; Union Passenger Station, Sbreveport, $582.25 ; San
Antonio Terminal, $1,192.74— total, $389,141.90.
1O. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $76,294,000, aa per
general balance sheet — consisted of the several issues of bonds listed in the following statement. Addi-
tional particulars respecting any issue will be found in the paragraph relating thereto subjoined to the
statement; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the
Ready Reference Bond List — see General Index:
$1,689,000 S. S. & S. Ry. 1st gold 5s of June 1, 1943.
2,500,000 K. C. & Pac. RR. 1st gold 4s. of Aug. 1, 1990.
3,597,000 M., K. &T. of Tex. 1st gold 5s of Sept. 1, 1942.
1,340,000 Dallas & Waco 1st gold 5s of Nov. 1, 1940.
1,000,000 Boon. RR. Brg. 1st gold 7s of May 1, 1906.
$187,000 Tebo & Neosho 1st gold 7s of June 1, 1903.
39,813,000 M. K. & T. Ry. 1st gold 4s of June 1, 1990.
20,000,000 M. K. & T. Ry. 2d gold 4s of June, 1990.
1,668,000 M. K. & T. Ext. 1st gold 5s of Nov. 1, 1944.
4,000,000 M. K. & E. Ry. 1st gold 5s of April 1, 1942.
500,000 M. K. & E. Ry. 2d gold 5s of April 1, 1942.
TEBO AND NEOSHO RR. IST. MTGE. BONDS.— Secured on the section of the main line extending from
Sedalia, Mo., to the Kansas State Line, 100 miles. There is provision for a sinking fund to redeem
the bonds at par, but there can be no drawings. An equal amount of 1st mtge. 4 p. c. bonds of the M.,
K. & T. Ry. Co. is reserved for the retirement of these.
IST. MTGE. BONDS, M., K. & T. RY. Co. — Secured on the entire property owned by the company prior
to the execution of the mortgage dated Nov. 1, 1894, securing the 1st mtge. extension bonds of 1944, such
property including the securities representing the control of, and ownership in, the several constituent
companies organized under the laws of Texas. The amount authorized is $40,000,000, of which $187,000 ia
reserved for the retirement of the 1st mtge. bonds of the Tebo and Neosho RR.
2o MTGE. BONDS, M., K. & T. RY. Co. — Secured on the same property and securities as the 1st mtge.
bonds, but subject to the lien thereof.
IST MTGE. EXTENSION BONDS, M., K. & T. RY. Co.— Secured on the following lines acquired by the
company since Nov. 1, 1894 : Southwestern Mineral Branch, 17 m. ; section of Kansas City Division from
Holden to Green Ridge, Mo., 32.9 m. ; branch from Walker to Eldorado, Mo., 14.25 m. ; branch from McBaine
to Columbia, Mo., 8 m. ; sundry spurs, 11 m. — total, 83.15 miles. Additional bonds, to the amount of
$20,000 per mite, may be issued under the same mortgage, for the construction of extensions to the
company's system in Missouri, Kansas and the Indian Territory (see Sec. 2).
MISSOURI, KANSAS AND EASTERN BONDS. — Secured in the order of their priority on the line from
Franklin Junction to Texas Junction, Mo., 162 miles. Since June 30, 1901, $363,000 of the 2d mtge. bonds
have been taken up in exchange for $484,000 St. Louis Div. refunding bonds (see Sec. 11), leaving $137,000
2d mtge. bonds outstanding.
SHERMAN, SHREVEPORT AND SOUTHERN IST MTGE. BONDS. — Secured on the line from McKinney to
Waskom, Tex., 182.34 miles. They were assumed by the M., K. & T. Ry. Co. upon consolidation.
IST MTGE. BONDS KANSAS CITY AND PACIFIC RR. — Secured on the line from Paola, Kan., to Stevens, I. T.,
130.06 miles, including the equipments and appurtenances thereof. They were assumed by the M., K. &
T. Ry. Co. in the consolidation.
MISSOURI, KANSAS AND TEXAS RY. Co. OF TEXAS BONDS.— Issued at the rate of $20,000 per mile and are
guaranteed, by endorsement, by the M., K. & T. Ry. Co. The authorized issue is $10,000,000. The bonds
are secured by 1st mtge. on that section of the main line of the M., K. & T. Ry. of Texas, extending
from Boggy Tank to Houston, 84 m. ; on the sections of the San Antonio Division extending from San
Marcos to San Antonio, 45.6 m., and from Smithville to Lockhart, 37 m., together with an extension of
2.5 m. into the city of San Marcos; on the branch from Denison to Sherman, 11.16 m. ; and on the
terminal properties in Houston and in Sherman.
DALLAS AND WACO RY. BONDS. — Issued at the rate of $20,000 per mile,' secured on the line from
Dallas to Hillsboro, Tex., 66 miles. They are guaranteed, principal, and interest, by endorsement, by
the M., K. & T. Ry. Co. That company, through a subsidary corporation, owns the entire capital stock
of the Dallas and Waco Ry. Co.
BOONVILLE RR. BRIDGE Co. BONDS. — Secured on the bridge spanning the Missouri River at Boonville, Mo.
Guaranteed both as to principal and interest by the M., K. & T. Ry. Co. There is a sinking fund of 1 p. e.
applied annually in May, the bonds being drawn at par. On June 30, 1901, there were in the sinking
fund $666,000 of these bonds, leaving only $334,000 in the hands of the public. The outstanding bonds
were called for redemption on Nov. 1, 1901.
The Missouri, Kansas and Texas Ry. Co. also guarantees principal and interest of $1,000,000 6 p. c.
bonds of the Southwestern Coal and Improvement Co. (See statement for that company, appended.)
11. St. Louis Div. First Refunding Mt»e. Gold Bonds.— On April 1, 1901, the company
executed a mortgage in favor of the Farmers' Loan and Trust Co. of New York, to secure an issue of
$6,000,000 4 p. c. (A. & O.) 100-yr. $1,000 gold bonds. After June 30, 1901, $2,000,000 of the bonds were
issued, $1,334,000 of them for the purpose of discharging indebtedness contracted in and about the con-
struction, improvement, and betterment of the railroad acquired from the Missouri, Kansas and Eastern Ry.
Co., and for the purpose of obtaining the means for completing and perfecting the said railroad, and the
remaining $666,000 for the retirement of the 2d mtge. bonds of the M., K. & E. Ry. Co., at the rate of
$4,000 for every $3,000 of such 2d mtge. bonds. The remaining $4,000,000 are to be reserved by the
trustee for the purpose of refunding, at or before maturity, the 1st mtge. bonds of the M., K. & E. Ry. The
bonds are intended to be ultimately a first lien on the St. Louis Division property, including the lease
of the Boonville Bridge and the contracts for trackage rights to and into St. Louis. It is provided that if
at the end of two years (April 1, 1903) no more than 60 p. c. of the 2d mtge. bonds of the M., K. &
E. Ry. shall have been exchanged, then either the balance of these bonds reserved for that purpose shall
be cancelled, or the period within which such exchange may be made shall be extended. All 1st mtge. and
2d mtge. bonds of the M., K. & E. Ry. received in exchange for these bonds shall be deposited as
additional security under the mortgage until at least 99 p. c. of each such existing issue shall have been
retired.
12. Land Department.— Under several acts of Congress the company received large land grantg,
both in the State of Kansas and in the Indian Territory; those in the latter claimed to amount to
POOR'S MANUAL — MISSOURI, KANSAS AND TEXAS RY. CO.
469
8,110,400 acres, subject to treaty stipulations, and to the extinguishment of the Indian title. All the landt
received trom the State of Kansas have been sold. No lands in the Indian Territory were ever received.
13. Statement of operations, property and capital accounts for 8 years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR. Op. (Av.)
Pass. Train Miles ..
i Freight Train Miles
Passengers Carried.
Passenger Mileage .
Fr'ght (tons) Moved
Freight (ton) Miles.
Earnings— Pass'ger.
Freight
1,960
2,667,452
5,144,274
1,490,856
84,678,466
2,441,293
695,609,442
$
1,989,448
7,359,213
528,629
2,028
2,557,395
5,514,264
1,515,422
83,918,802
2,875,401
811,324,553
$
1,970,905
8,986,779
586,680
2,147
3,135,540
5,683,432
1,652,985
89,837,595
2,926,337
846,827,435
8
2,071,406
8,388,544
577,037
2,197
3,188,310
6,468,812
1,347,523
78,375,002
3,336,906
1,017,781,597
$
1,818,188
9,107,207
552,920
2,197
2,644,284
6,018,848
1,457,548
89,525,500
3,568,835
1,040,700,027
$
1,919,556
9,559,000
568,681
2,200
2,749,268
5,712,340
1,471,070
82,422,598
3,594,500
1,005,776,939
$
1,943,123
9,394,922
592,289
2,218
3,362,738
5,970,810
1,609,812
94,730,315
3,936,957
1,176,879,464
$
2,152,768
9,886,995
586,749
2,265
3,434,436
6,147,779
2,071,621
117,367,561
4,884,976
1,304,692,564
$
2,658,245
12,097,618
647,220
Miscellaneous..
Gross Traffic Barn's
I Operating Expenses
i Net Traffic Earnings
1 Other Receipts
9,887,290
6,979,229
11,544,364
8,195,901
11,036,987
7,419,814
11,478,315
8,081,521
12,047,237
7,900,228
11,930,334
7,742,660
12,626,512
8,474,130
15,403,083
10,824,014
2,898,061
3,348,463
3,617,173
3,396,794
137,000
4,138,009
69,090
4,187,674
61,588
4,152,382
43,209
4,579,069
38,137
j Net Income
2,898,061
226,712
2,609,360
71,511
3,348,463
225,2a3
2,612,943
285,497
3,617,173
284,286
2,983,960
332,534
3,533,794
255,880
3,061,760
365,507
4,207,099
273,160
3,061,760
365,410
32,012
474,757
5,483 49
3,600 01
1,88848
65. 65 p. c.
2.14 c.
0.92 c.
1,841.09
2,225.17
8,212.81
258
178
8,706
8,879
8
52,450,000
13,000,000
3,012,500
70,523,000
538,889
4,249,262
270,168
3,063,593
366,817
4,195,591
291,339
3,082,093
371,292
4,617,206
310,133
3,118,015
889,142
i Payments — Taxes . .
Int. on Bonds..
Rentals
Other Charges..
j Balance, Surplus...
1 Gross Earnings p.M.
Gross Exp'ns's p.M.
Net Earnings p. M.
Expenses to Earn'gs
i Av.Ratep.Pass.p-M-
Av.Ratep.Tonp.M.
Miles RR. Owned..
Miles Track Owned
Miles of Steel Rail..
Locomotives
def. 9,522
5,039 43
3,56083
1,47860
70.66 p. c.
2.35 c.
1.06 c.
1,633.91
1,899.18
1,899.18
246
173
7,466
7,639
$
47,000,000
13,000,000
2,987,500
64,975,000
1,159,397
224,740
5,692 48
4,041 37
1,651 11
70.99 p. c.
2.35 c.
1.11 c.
1,645.99
1,937.11
1,937.11
261
172
7,204
7,376
$
47,000,000
13,000,000
3,012,500
65,355,000
1,221,843
16,393
5,140 65
3,455 89
1,684 76
67.23 p. c.
2.31 c.
0.99 C.
1,841.09
2,039.11
1,971.76
271
173
9,012
9,185
$
52,450,000
13,000,000
3,012,500
70,523,000
1,254,369
def. 149,353
5,22454
3,678 43
1,546 11
70.41 p. c.
2.32 c.
0.89 c.
1,841.09
2,042.18
1,990.26
268
173
8,844-
9,017
$
52,450,000
13,000,000
3,012,500
70,523,000
776,316
548,683
5,422 88
3,519 89
1,903 49
64.90 p. C.
2.36 c.
0.93 C.
1,841.09
2,241.09
2,212.81
257
173
8,680
8,853
52,450,000
13,000,000
3,012,500
70,743,000
300,033
450,867
5,692 75
3,820 62
1,872 13
67. 11 p. c.
2.27 c.
0.84 c.
1,995.90
2,420.90
2,420.90
264
187
10,006
10,193
65,181,000
13,000,000
3,012,500
78,523,000
799,916
6,80048
4,778 81
2,021 67
70.27 p. c.
2.27 c.
0.93 c.
2,232.62
2,659.62
2,659.62
294
193
10,571
10,764
55,280,300
13,000,000
3,468,900
76,294,000
Pass'ger Train Cars
Fgt.Tr.&OtherCars
Total Cars
Common Stock
Preferred Stock
Subsid. Co.'s Stocks
Funded Debt
Improvement Fund.
Rail Repl'nt Fund .
S.S.&S.Ry.Imp.Fd.
Rec. Securities Sold
Deferred Payments.
Sundry Accounts . . .
Int. AccruednotDue
Taxes not Due
Current Liabilities. .
Profit and Loss
Total Liabilities..
CostofR'd& Equip.
Real Estate
375,565
191,007
409,155
615,489
132,308
300,134
112,214
951,141
219,140
409,155
506,905
185,320
333,717
116,856
1,200,439
443,879
1,025,458
18,484
672,617
131,857
1,223,863
460,272
• 779,529
16,651
672,117
125,933
1,803,327
310,919
638,298
20,312
672,617
129,274
1,437,492
785,676
386,184
10,404
674,451
130,147
1,657,073
1,334,359
1,405,914
1,333
676,784
133,514
1,830,033
1,785,226
1,130,315
14,139
700,438
137,783
1,901,636
2,585,142
131,861,478
129,261,065
1,734
1,102,020
404,718
465,750
626,191
132,785,614
129,656.066
1,734
1,162,020
359,642
463,818
1,142,334
143,772420
140,910,556
11,290
1,101,700
428,690
447,087
873,097
143,470,293
140,887,280
13,264
971,620
718,112
410,698
519,289
143,108,058
140,837,310
13,179
694,871
396,683
582,154
583,861
143,697,150
141,138,569
12,874
787,480
454,734
590,559
712,934
150,549,304
147,939,329
61,214
472,400
574,175
789,922
712,264
155,079,225
151,510,377
44,891
472,401
901,493
874,679
1,275,384-
Stocks and Bonds. .
Materials, etc
Current Accounts . .
Cash
Totals...
131,861,478
132,785.614
143.772,420
143.470,293
143,108,058
143,697,150
150,549,304
155,079.225
NOTE.—" Cost of Road and Equipment " includes new equipment— in 1896, $626,490; in 1897, $553,214;
in 1898, $553,244; in 1899, $634,503; in 1900, $1,924,263; in 1901, $2,168,612.
14. SUBSIDIAKY COMPANIES.
Boonvllle RR. Bridge Co.— Owns the bridge
over the Missouri Elver, from Boonville to Franklin.
Capital stock, $1,000.000. all owned by the M.. K.
& T. Ry. Co. Bonded debt (see Sec. 10), $1,000,000.
Dalian and Waco Ry.— Dallas to Hlllsboro',
Tex., 65.58 m., completed Jan. 31, 1891, being a por-
tion of the main line of the M., K. & T. Ry. from
Dallas south. Capital stock, $670,000, all owned by
the M., K. & T. Ry. Co. Bonded debt (see Sec. 10),
$1,340,000.
Denlson and Washlta Valley Ry.—
Length of line, 20 miles. (See statement for South-
western Coal and Improvement Co.)
Missouri, KUIINIIM and Texas Ry. of
170
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
T<-XIIH.— Length of lines (see Sec. 1), 1,009.92 m. ;
ini.il track (steel, 1,208.96 m.), 1,264.28 miles. In-
i-iiti-U Oct. 28, 1891, under the laws of Texas, to
i.-iki- over and operate the lines of the M., K. & T.
Uy. Co. within that State. The property was
tliM-dfd to the company, subject to existing liens,
Hi Nov. 18, 1891. Extensions to Houston and to
San Antonio have bsen constructed, and an exten-
sion to Shreveport, La., has been acquired by con-
li.latlon with the Sherman, Shreveport and South-
ern Ky. Co. (see Sees. 3 and 4). The entire capital
st..<-k of the company, $12,900,000, Is deposited with
(lie Central Trust Co. of New York, as trustee, for
the benefit of the security of the stockholders and
!>•. upholders of the M., K. & T. Ry. Co. Bonded
debt (see Sec. 10), $3.597,000. Henry C. Rousfe,
Pres., New York, N. Y. ; A. A. Allen, Vlce-Pres.
& Gen. Mgr.. Dallas, Tex.; Colgate Hoyt, 1st Vlce-
Pres., New York, N. Y.; J. N. Simpson, 2d Vlce-
Pres., Dallas, Tex.; A. V. Tomlln, Treas. ; G. M.
Lindsay, Sec.; Wm. O'Connell, Auditor, Dallas
Tex.
Wichita Falls Ry.— Terminus of M., K. & T
Ry. at Henrietta, Tex., to Wichita Falls, Tex
17.88 in.; total track, 19.94 miles. Chartered in 1894;
road opened In 1895. Operated by tlir M.. K. & x!
Ky. Co., under a 10-yr. contract dating from May 1
1895. This contract provides that the M.. K. A:' T.
shall supply the rolling stock and necessary train
service, and shall pay to the Wichita Fa ,i.- ii.
an average of something over 20 p. c. of !!.•
business which the latter company can
Capital stock authorized and paid In, $20.00". I
debt (authorized). $250.000 1st gold 30-yr. 6s of .Ian.
1, 1925. Interest payable seml-annually. Trustee:
I'nlon Trust Co., St. Louis, Mo. A sinking fund IB
provided for In the mortgage. A. Newliy. 1
R. E. Huff. Vlce-Pres. & Atty. ; O. J. Kendall. SPO.;
Frank Dorsey, Treas., Wichita Falls, Tex. Office.
Wichita Falls, Tex.
15. Board of Directors, Missouri, Kansas and Texas Ry. Co., as constituted May 20, 1902.
Term expires April, 1903.
H. C. Rouse New York, N. Y.
Colgate Hoyt "
A. A. Allen St. Louis, Mo.
A. J. Poor Chapman, Kan.
Term expires April, 1904.
Henry W. Poor. ..New York, N. Y.
Jas. Brown Potter "
B. P. McDonald . . . .Ft. Scott, Kan.
James Hagerman St. Louis, Mo.
Term expires April, 1906.
Term expires April, 1905.
Wm. Rockefeller. New York. N. Y.
Myron T. Herrick.. . .Cleveland, O.
H. L. Satterlee. . . .New York. N. Y.
H. J. de M. Oy en s. Amsterdam, Holl.
J. D. Rockefeller.. New York, N. Y.
T. N. Sedgwick Parsons, Kan.
J. F. Freeman New York, N. Y.
Charles G. Hedge. " "
HENRY C. ROUSE, Chairman of the Board and President, New York, N. Y.
A. A. Allen, Vice- President and Gen. Manager St. Louis, Mo.
Chas. G. Hedge, Vice-President and Treasurer New York, N. Y.
Secretary— S. Halline New York, N. Y. | General Auditor-G. J. Pollock St. Louis, Mo.
EXECUTIVE OFFICE 49 Wall St., New York, N. Y.
General Offices Parsons, Kan., and St. Louis, Mo.
MISSOURI, KANSAS AND TEXAS SYSTEM.— SOUTHWESTERN COAL AND
IMPROVEMENT COMPANY.
History and Fiiian-inl Statement. — This company was incorporated April 8, 1889, under
the laws of the Stato 01 West Virginia. Capital stock ($100 shares), $2,800,000. Funded
debt, $1,000,000 1st mtgv. 6 p. c. $1,000 gold bonds, due July 1, 1929, interest Jan. and July.
These bonds are secured by a first mortgage on the coal underlying about 80 square miles of
land in the Indian Territory, reached by the Denison and Washita Valley Rv., of the Mis-
souri, Kansas and Texas System; also upon about 2,000 acres in fee of coal lands iu Cherokee
County, Kansas, reached by the Southsvestern Mineral branch of the M., K. & T. Ry. The
bonds are further secured by the deposit, with the trustee of the mortgage, of the, entire
cap'tal stock (3,050 shares) and the entire 1st mtge. bond issue ($1,000,000) of the Deniton
and Washita Valley Ry. Co., which owns a line of railroad from Atoka to the mines of the
Southwestern Coal and Improvement Co., at Coalgate, I. T., 14 m.; also a line from Denison,
Tex., northward toward the Red River, about 6 m., and about 150 acres of land at Denisou.
The M., K. & T. Ry. Co. uses the latter line as a belt road around the city of Denison, and
avails itself of the real estate for yards and terminals, about 38 miles of track being laid
thereon. The railroad and property of the Denison and Washita Valley Ry. Co., are leased
to the M., K. & T. Ry. Co. for 50 years at a yearly rental of $60,000. The entire capital stock
of tlio Southwestern Coal and Improvement Co. is owned by tlie M., K. & T. Ry. Co., and
its bonds are unconditionally guaranteed by the same company, both as to principal and
interest, the guaranty being endorsed on each bond. There is a yearly sinking fund, com-
menced Jan. 1, 1899, sufficient to retire the bonds at maturity; bonds being subject to call
for the sinking fund on any interest day at 125 p. c. and accrued interest. Trustee: Farmers'
Loan and Trust Co., New York, N. Y.
Directors. — Colgate Hoyt, James Hagerman, Henry C. Rouse, Henry W. Poor, Chas. G.
Hedge, Simon Sterne, New York, N. Y. ; A. A. Allen, St. Louis, Mo.; John Greeuough,
H. L. Satterlee, New York, N. Y.
HENRY C. ROUSE, President New York, N. Y.
Vice-President— Colgate Hoyt New York, N. Y. | Treasurer— Chas. G. Hedge New York, N. Y.
Secretary—?,. Halline New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 49 Wall St., New York, N. Y.
POORS MANUAL OF RAILROADS.
471
THE MISSOURI PACIFIC SYSTEM.
(For map of this system, see page 473.)
INDEX TO STATEMENTS AND DATA CONTAINED HEKEINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Additional Securities Issued,
Whole System 4
Capital Accounts, Whole System. 4
Capital Expenditures 4
Current Finances, Whole System. 6
Earnings, etc., Whole System 2
Financial Statement 5
Income Account, Whole System. 2
Mileage of System 1
Operations of System 2
Railroads of System 1
Rolling Stock of System 3
1. The railroads embraced in this system on December 81, 1901, and whose single track
mileage aggregated 5,909.91, were as follows :
Missouri Pacific Ry 3,405.84 miles.
Central Branch Ry 388.19
St. Louis, Iron Mountain and Southern Ry 1,773.77
*Arkansas Central RR 46 . 50
"Arkansas and Louisiana Ry 25 .54
* Arkansas Midland RR 74.00
*Little Rock and Hot Springs Western RR 57 . 00
"Mississippi River, Hamburg and Western Ry 38 . 00
*New Orleans and Northwestern Ry 101 . 57
While the railroads indicated by an asterisk (*) in the preceding statement are controlled
through ownership of all or a large majority of their capital stock, they are operated sepa-
rately by their own organizations, and their statistics are not included in the report of the
Missouri Pacific Ry. Co. The system represented by the capital stock of the Missouri Pacific
Ry. Co., and whose operations are included in that company's report, consists of the Missouri
Pacific Ry., with its branches and leased lines, the Central Branch Ry., and the St. Louis,
Iron Mountain and Southern Ry. ; the aggregate length thereof being 5,567.30 miles, and the
average operated during the year ending December 31, 1901, 5,554.50 miles.
2. The following statement shows the results of the operation of this system for the
calendar year 1901, the results for the calendar year 1900, of practically the same mileage,
being given for the sake of comparison :
The M. P.
Ry.
The C. B.
Ry.
St. L.,I. M.
& S. Ry.
Total.
Total
1900.
Passenger Train Mileage
4,431,945
6,272,574
3,080,574
152,545,072
7,776,938
1,428,059,638
2.064 c.
0.884 c.
$
3,148,311 49
12,621,37958
1,000,972 17
1,613,413 32
420,870
554,734
283,883
8,832,141
539,856
74,152,126
2.617 c.
1.281 c.
S
231,101 60
949,982 26
70,90453
64,007 64
3,180,863
5,638,672
1.752,310
109,018,007
6,948,006
1,732.010,131
2.381 c.
0.757 c.
S
2,596,131 02
13,104,75646
873,766 30
386,367 19
8,033,678
12,465,980
5,074,892
270,395,220
13,059,027
3,234,221,895
2.210 C.
0.825 C.
8
5,975,544 11
26.676,11830
1,945,64300
2,063,788 15
7,396,714
11,777,164
5,303,519
249,958,897
11,480,732
2,718,043,993
2.219 c.
0.854 c.
$
5,546,091 96
23,224,617 23
1,852,816 10
1,668,761 76
Freight Train Mileftge
Passengers Carried , ,
Freight (tons) Moved
Freight (ton) Miles
Aver Earn, per Pass per Mile ....
Aver Earn per Ton per Mile
Freight
Mail and Express . . ........
Other
Total
18,384,076 56
2,832,840 78
4,927,342 71
4,463,448 76
407,92545
1,315,996 03
327,9.33 92
331,180 21
276,095 06
32,674 50
16,961,02097
1,853,145 53
3,7*5,376 97
4,050,272 61
877,278 02
36,661,09356
5,013,920 23
8,993.899 89
8,789,816 43
817,877 97
32,292,287 05
4,306,996 21
8,064,750 85
8,123,335 64
708,311 63
Expenses — Maintenance of Way
Maintenance of Equipment
Transportation
12,631,557 70
5,752,518 86
967,883 69
348,112 34
10,016,073 13
6,944,947 84
23 615 514 52
21,203,394 33
11,088,892 72
1,065,093 89
Net Earnings
13,045,579 04
1,082,91601
Deduct Taxes
11,962,663 03
341,683 02
10,023,798 83
785,339 73
Deduct Sundry Charges ,
11,620,980 01
2,473,431 43
9,238,459 10
1.371,889 35
Total Net Income
14,094,411 44
6,615,888 70
10,610,348 46
6,791,798 13
Surplus Applicable to Dividend
7,478,522 74
3,563,802 50
3,818,550 82
Dividends Paid and Declared
Net Surplus
3,914,720 24
8,818,550 32
472
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
From surplus net income for the year 1901 there was appropriated by resolutions of boards of directors
$237,961.78 for prepayment of taxes, for last half of year 1901, payable in 1902, in order to secure discount;
$1,608,656.82 for additional property and improvements to road and equipment during year 1901, and
$1,000,000 for funds to pay in part for improvements to road and equipment year 1902; a total appropri-
ation of $2,846,608.60.
Surplus of income for year 1901 over all charges, dividends and appropriations $1,068,11164
Surplus at Jan. 1, 1901 $7,764,629 52
Deduct amount appropriated by The Central Branch Ry. for 500 additional box cars. 343,720 54— 7,420,908 98
Net balance to credit of Income Accounts, January 1, 1902 $8,489,020 62
3. Rolling Stock, Dec. 31, 1901. — Inventory of the equipment of the Missouri Pacific
Ry., the Central Branch Ry., and the St. Louis, Iron Mountain and Southern Ry.
The
Mo.P.
Ry.
The
C. Br.
Ry.
St.L., LM.&S.Ry.
Total,
The
Mo.P.
Ry.
The
C. Br.
St.L.,I.M.&S.Ry
0w'd-l£St. Total.
Total.
Locomotives :
Passenger
Freight
Service
81
210
103
44
136
59
60
166
59
151
388
160
Totals
Passenger Cars :
Sleeping Cars.
Day Coaches..
B., Mail & Ex.
Totals
Service Care :
Bus. & Pay C.
Road & W'r C.
Cinder Care. . .
Total ..
394
72
268
84
239
285
705
72
340
164
424
11
714
139
7
939
69
189
7
943
585
19
1,701
166
818
49
1,015
4 1,019
1,886
Freight Cars :
Stock Cars. .
Ore Cars
Granite Cars.
Flat Cars....
Coal Cars....
Box Cars
Refrig. Cars.
Salt Cars....
Fnrnit. Cars.
Cabooses ....
Total...
Grand Total C.
705
74
780
5,882
13,095
368
92
347
184
286
53
54
799
464
4,221
300
494
600
998
2,475
780
53
54
1,299
1,462
6,696
300
18
153
247
5
633
158
21,453
22,695
906
977
6,716
7,870
4,719
4,723
11,435
1.559
53
54
2,092
7.382
30,554
980
360
33,794
12,593 36,266
4. Capital Accounts. — The changes in the capital accounts during the year 1901 were
as follows :
Capital Resources Used.
Capital Stock increased (Missouri Pacific, $25,970,725; St. L., I. M. & S., $675) $25,971,400 00
Missouri Pacific First Collateral Bonds sold from Treasury 2,636,00000
Missouri Pacific Debenture Bonds issued — afterwards retired 410,000 00
St. Louis, Iron Mountain & Southern Unifying and Refunding Bonds, issued, or sold from
the Treasury : 1,711,000 00
St. Louis, Iron Mountain & Southern General Consolidated Railway and Land Grant Bonds
(net increase) 752,000 00
Iron Mountain Car Trust Certificates issued 1,392,000 00
Xet reduction in value of land from sales 235,622 76
Total $38,106,022 78
Application of Resources.
Bonds retired (debentures, $11,628,000; St. L., I. M. & S. income bonds and gen.
consol. bond scrip, $6,559) $11,634,55900
Investments: Missouri Pacific Ry. Co., represented principally by acquisition of
$22,100,000 stock of D. & R. G. RR. Co 13,866,43519
St. L., I. M. & S. Ry. Co., represented by the acquisition of securities of the
Miss. River, Hamburg & Western, New Orleans & Northwestern, Ark. Midland,
Brinkley, Helena and Indian Bay, Little Rock, Hot Springs & Western, etc. . 2,769,312 66
Equipment purchased 6,267,416 90
New property 491,655 01—35,029,378 76
The difference $1,921,356 00
is represented principally by the purchase of securities of the roads mentioned above as acquired by the
St. Louis, Iron Mountain and Southern Ry. Co., and was furnished from current resources.
5. Financial Condition, December 31, 1901.
Current Liabilities ($7,722,136.34): Current Resources ($10,187,370.41).
Current Vouchers and Pay Rolls $3,536,875 80 Cash on Hand $4,560,335 32
Real Estate Notes due in 1902-3 93,303 47 Due from Agents and Companies 2,351,294 02
Interest Due and Unpaid 105,570 65 Old Rails on Hand 75,378 26
Interest Accrued, not Due 1,985,066 87 Due for Interest on T. & P. 2d Mtge.
Unpaid Dividend No. 46 1,910,05000 Bonds, Collected March 1, 1902. ... 1,113,80000
Accrued Rentals 91,26955 Materials on Hand 2,086,56281
Deferred Liabilities ($1,385,982.82). Advances during 1901 to Purchase Secur-
Improvement Funds 1,000,000 00 ities Covering new Mileage (Sec. 4) .... 1,921,356 00
Insurance and Other Funds 385,982 82 Expenditures on new Mileage not Com-
Surplus of Current Resources 4,687,71528 pleted nor Capitalized 1,687,10803
Total $13,795,834 44 Total $13,795,834 44
\
478
474 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
6. Current Finances. — The following is a brief statement showing the disposition made
of current funds during the year ending Dec. 81, 1901 :
Current Resources.
Surplus of income for the year over all charges $7,478,52274
Add net increase of current accounts, representing collections of accounts applicable to the
year 1900, and amounts charged out for 1901 but not yet paid 1,418,870 11
Total current funds .$8,897,392 85
Application of Current Resources. |
For Current Operations— Dividend No. 45, paid July 20th $1,653,752 50
Additional Property and Improvements to Road and Equipment during 1901.. 1,608,656 82
Prepayment of Taxes to save Discount 237,951 78
Purchase of 500 box cars for Central Branch Railway 343,720 54
Payment of Equipment Notes, etc 342,532 47
Payments on Special Fund Accounts 372,366 73— $4,558,980 84
For Capital Purposes — Purchase of material principally for construction purposes.. 1,095,578 42
For purch. of securities covering new mileage, as shown in previous statement. 1,821,356 00
New mileage not completed nor capitalized 1,321,477 59— 4,338,412 01
Total $8,897,392 85
The expenditures for new mileage are principally represented by the finishing of the line along the
Missouri River from Jefferson City to Bponville and from Lake City to Kansas City, thus completing a low
grade line from Labadie to Kansas City, 248 miles. The completion of this line, avoiding the heavy
grades of the present main' line of the Missouri Pacific Road, will materially increase the efficiency and
reduce the transportation expenses of the system.
THE MISSOURI PACIFIC RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 8
Detailed Inc. Acct., Dec. 31, 1901 . 5
Directors and Officers 16
Earnings, Expenses, etc., 1901... 4
Earnings. Exp., etc.. 1895-1901 ... 6
Funded Debt, Details of 9
Gen. Balance Sheet, Dec. 31, 1901 7
Gen. Balance Sheet, 1895-1901.. . . 6
History 2
Income Account, June 30, 1901 . . 4
Income Account, 1895-1901 6
Investments, Details of 11
Leased and Owned Lines, State-
ments of 15
Mileage Operated 1
Rentals... 14
Resources of Mo. Pac. and their
application 13
Rolling Stock 8
Subsidiary bonds deposited with
Trustees 10
Summary of Investments, 1899-
1901 . . 12
1. Mileage Operated, Dec. 81, 1901.— A. LINES OWNED (total, 1,060.60 miles).
*Main Line : St. Louis, Mo., to 3d St., Atchison, Kan 380.11 miles.
*Nebraska Extension : Central Branch Jc., Kan., to Papillion, Neb 148.91 "
*Sarpy County Extension : Papillion Junction to Sarpy County Line, Neb 2.09 "
* Poplar Street Track : Eleventh St. to The Levee, St. Louis, Mo 1 .00
*Laclede & Creve, Cffiur Lake Branch: Junction to Creve Coaur Lake, Mo 11.99
*Carondelet Branch : Kirkwood to Carondelet, Mo 12.44
*Glencoe Branch : Glencoe to Lime Kilns, Mo 4.00
^Lebanon Branch : Jefferson City to Bagnell, Mo 45.04
*Boonvttle and Lexington Branch : Boonville to Myrick, Mo 76". 77
* Marshall Branch : Marshall Junction to Marshall, Mo 2.48
*Lexington Branch : Sedalia via Lexington to Independance, Mo 88.46
*Blackwater Branch : Warrensburg, Mo. , to Stone Quarries 3.00
*Kansas and Arizona Division ; Paola to Le Roy Junction, Kan 61.14
*0ttawa Branch : Osawatomie Junction to Ottawa, Kan 21.62 "
* Lexington & Southern Division : K. 0., F. S. & M. June, to Joplin, Mo 132.69
*Nebra»ka City Branch ; June, with Neb. So. Ry. to Weeping Water, Neb . . 26.76
*Lincoln Branch : Weeping Water to Lincoln, Neb 33.92
*Crete Branch : Talmage to Crete, Neb 58.18
B. PROPRIETARY ROADS— ENTTRE STOCK OWNED (total, 2,055.58 miles).
*^ i D it -D I Sarpy County Line to Omaha, Neb 13.12 "
Omaha Belt My. : -j Summit juncti0n to West Side Junction, Neb 8.05 "
*St. Louis, Oak Httl & Carondelet By.: Tower Grove to Carondelet, Mo 6.30
* Joplin & Western My. : J. & W. Junction, to Grand Falls, Mo 4.59
*Fort Scott Central Ry. : Rich Hill Junction, Mo., to Cornell, Kan 67.05
* Nevada and Minden By. : Nevada, Mo., to Kansas State Line 35.56
*N. & M. Ry. of Kansas: Mo. State Line to Chetopa, Kan 41.15
*Nebraska Southern Ry. : Auburn, Neb., to June, with Neb. City Branch 16.12
*0maha Southern Ry. : Union to Gilmore Junction, Neb 25.44
\Kansas and Colorado Pacific Ry. : Ottawa, Kan., to State Line, Col 404.73
Council Grove Connection : Spur June, to M., K. & T. Ry. Connection, Kan. 0.48
Salina Loup : Gypsum City to Marquette, Kan 27.30
Great Bend Branch : Hoisington to Great Bend, Kan 10.01
(Continued on next page.)
POOR'S MANUAL — THE MISSOURI PACIFIC RY. CO. 475
Brought forward 621.90 miles.
Madison Line : Monteith Junction. Mo., to Madison, Kan 101.43 "
Topt'ka, Division : Fort Scott, to Topeka, Kan 131.00 "
Wichita & Western Division : Fort Scott, Kan., to I. T. Boundary 244.45 "
Gilfillan Spur : Gilfillau, Kan., to Stone Quarries 2.40 "
McPherson Branch : El Dorado to McPherson, Kan 62.40 "
Wichita & Geneseo Line : West Wichita to Geneseo, Kan 86.57 "
Chetopa <& Larned Line : Chetopa to Larned, Kan 273.04 " „
Grouse Creek Division : Dexter to Arkansas City, Kan 25.07 "
\Pueblo and State Line RR. : State Line, Kan., to Pueblo, Col 152.12 "
\Kanopolis and Kansas Central Ry. : Geneseo to Kanopolis, Kan 14.16 "
\Kansas Southwestern Ry. : Olcott Junction to luka, Kan 24.91 "
\Rooks County RR. : Alton to Stockton, Kan 18.25 "
\Pacific Ry. in Nebraska : Warwick, Kan., to Prosser, Neb 73.00 "
f Seddlia, Warsaw and Southwestern Ry 43.23 "
f Kansas City Northwestern RR. : Kan. City, Kan., to St. J. & G. I. RR. Con. 117.10
Virginia Section : Axtell Junction, Kan., to Virginia, Neb 32.92
Seneca Connection : H. B. Connection to St. J. & G. I. RR. Connection 0.02
Leavenworth Branch : Menager Junction to South Leavenworth, Kan . ; . . . . 11.61
C. LINES LEASED BY M. P. RY. Co. FOR SPECIFIC RENTALS (total, 224.05 miles).
*Boonville, St. Louis & Southern Ry.: Versailles, to Boonville, Mo 43.95
*Kansas City & Southwestern Ry. (Mo.) : Cecil, Mo., to State Line, Kan 20.70
*Kansas City & Southw. Ry. (Kan.) : State Line, Mo., to S. W. June., Kan . . 27.00
* Verdigris Valley Div. K. & C. P. Ry. : Le Roy to Deering Junction, Kan. . 80.62
*LeRoy & Caney Valley Air-Line: Roper to Peru Junction, Kan 51.78
D. TRACKAGE AND TERMINAL RIGHTS (total, 67.0 miles).
^Central Branch Ry.: Atchison (3d St.) to Central Br. Junction, Kan 1.89 "
* Kansas City, Ft. Scott & M. RR.: Pleasant Hill Jc. to K. C., F. S. & M. Jc., Mo. 0.54 "
*Chicago, Burlington & Quincy RR. : Winthrop to St. Joseph, Mo 21.00 "
* Union Pacific Ry.: Gilmore Junction to Summit Junction, Neb 5.47 "
*Kansas City Southern Ry. : Pittsburg, Kan., to Joplin, Mo 26.54 "
+St. Joseph and Grand Island Ry. : Seneca to Axtell Junction, Kan 10.77 "
\Atch., Top. & Santa Fe Ry. : H. B. Connection to Soldiers' Home, Kan 0.79 "
*Lines indicated thus are operated as main line — total length 1 ,539.47 miles.
f Lines indicated thus are operated as branch lines — total length 1,867.76 "
Total length of lines operated by Missouri Pacific Ry. Co 3,407.23 miles.
2d and 3d track, 34.89 m. ; sidings, 647.13 miles. Gauge, 4 ft. 8£ in. Rail (steel, 3,977.45 m.),
52 to 75 Ibs.
2. History. — Incorporated Oct. 21, 1876, and took over the property of the Pacific RR.
Co. of Missouri, which had been sold under foreclosure Sept. 6, 1876. Consolidated, Aug.
11, 1880, with the St. Louis and Lexington RR., Kansas City and Eastern RR., Lexington
and Southern RR. , St. Louis, Kansas and Arizona RR., Missouri River RR. and Leaven-
worth, Atchison and Northwestern RR. (see MANUAL for 1891, page 784.). The accounts of
the Kansas City Northwestern RR. Co. and of the Sedalia, Warsaw and Southwestern Ry
Co. were consolidated with those of the Missouri Pacific Ry. Co. as of Jan. 1, 1901. Track-
age rights from Pittsburg, Kan., to Joplin, Mo., 26.54 miles, were acquired of the Kansas
City Southern Ry. Co. on July 24, 1900.
The proprietary railroads are practically owned by the Missouri Pacific Ry. Co. and are
fully incorporated into the system. The actual aggregate mileage of them is 2,136.20 miles,
including the length of the Verdigris Valley Division of the Kansas and Colorado Pacific Ry.,
80.62 miles, which is shown as a leased line in the mileage statement, the Missouri Pacific
Ry. Co. being obliged to pay the interest on its bonds by way of rental. The Missouri Pacific
Ry. Co. controls the St. Louis, Iron Mountain and Southern Ry. Co., and Central Branch Ry.
Co., through the ownership of all or of a large majority of their capital stocks. For infor-
mation respecting those companies, reference should be made to the separate statements
therefor. The company also has large holdings in the shares of the Denver and Rio
Grande Ry. Co. and of the Texas and Pacific Ry. Co., friendly interests controlling the re-
maining shares.
3. Rolling Stock, Dec. 31, 1901. — Locomotives, 394. Cars— passenger, 268; sleeping,
72 ; baggage, mail, and express, 84 ; freight (box, 13,095 ; stock, 705 ; flat, 780 ; coal, 5,882;
refrigerator, 368; salt, 92 ; furniture, 347 ; caboose, 184), 21,453 ; service, 818— total, 22,695.
476
POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
4. General Income Account, year ending December 81, 1901.
EARNINGS. Main Line.
$
Passenger 2,178,472 03
Freight.... 8,709,32154
Branch Linen. Total.
$ $
969,839 46 3,148,311 49
3,912,05804 12,621,37958
EXPENSES. Main Line.
9
Transportation. 3,026,56058
Motive Power. 2,579,43568
Branch Lines. Total.
9 9
1,436,888 18 4.463,448 76
1,217,72303 3,797,15871
Mail 536,428 97
178,69096 715,11993
Maint. of Way. 1,793,589 84
1 ,039,250 94 2,832,840 78
Express 206,676 16
79,17608 285,a5224
Maint. of Cars. 1,035,081 82
95,102 18 1,130,184 00
Other . 1,532,01409
81,399 23 1,613,413 32
General 314,658 41
93,267 04 407,925 45
Totals 13,162,91279
5,221,16377 18,384,07656
Totali 8,749,326 33
3,882,231 37 12,631,657 70
Totals per M. 8,550 29
2,794 04 5,418 97
Totals per M. 5,683 34
2,077 52 3,723 33
Net Earnings, Main Line (33.53 p. c.) $4,413,586 46
Net Earnings, Branch Lines 1,338,932 40
W. & C. Tpk. & Fy. Co. Surplus 66,311 49
Dividends Received 2,614,597 97
Rentals Received 46,25937
Sundry Receipts.... 220,13206
Interest on Bonds $2,881,194 13
Taxes 695,220 56
Rentals of Leased Lines 167,436 22
Sundry Charges 92,00336
Dividend No. 45 (2i p. c., July, 1901) 1,653,752 50
Dividend No. 46 (2i p. c., Dec., 1901) 1,910,05000
Total Net Income $8,699,819 75 Total Deductions $7,399,656 77
Surplus income, $1,300,162.98; surplus to Dec. 31, 1900, $3,213,607.52— total, $4,513,-
770,60. Deductions : Appropriation account, prepaid taxes, $197,675.43 ; appropriation for
additions and improvements, 1901, $828,389.89; appropriation for improvements, 1902,
$250,000— total, $1,276,065.32. Surplus, Dec. 81, 1901, $3,237,705.18.
5. Detailed Income and Surplus Account, year ending December 31, 1901.
Net Earnings, Main Line $4,413,586 46 Accrued Interest on Bonds :
Add Branch Lines Surplus 1,338,932 40— $5,752,518 86 1st Mtge., Pac. RR. of Mo. . .$280,000 00
Waterloo & Carondelet Turn- 2d Mtge., Pac. RR. of Mo 128,650 00
pike & Ferry Co. Earnings. . 111,864 28 R. E. Security, Pac. RR. of Mo. 40,000 00
1st Mtge., Pac. RR. of Mo.,
Carondelet Branch 10,687 50
3d Mtge., Mo. Pac. Ry 267,960 00
1st Mtge., The Mo. Pac. Ry.,
Lexington Branch 32,500 00
Consol.Mtge.,The Mo.Pac. Ry.894,240 00
Trust, Five per Cent 718.800 00
1st Collateral Mortgage 481,800 00
5 p. c. Gold Deb. Indenture. . .233,708 33
Total. . $3,088,34583
Less Adjustments* 207,151 70— $2,881,194 13
Taxes :
Prior to 1901 67,750 00
For Year 1901 294,573 97
Branch Lines 332,896 59— 695,220 56
Rentals, Account Leased Roads :
Boonville, St. L. & So. Ry. . . . 25,000 00
Han'bal <fc St. Jos. RR., Track . 10,579 18
Kan. City, St. Jos. & Council
Bluffs RR., Track 7,00000
The Central Br. Ry. (Atchison
to Central Branch Junction) 7,382 04
LeRoy & Caney Vy. A. L. RR. 26.000 00
Verdigris Vy., Ind. & W. RR. 40,300 00
Kan. City Northwestern RR. 51,17500— 167,43622
Sundry Amounts :
U. S. Gov. Deductions Account
Land Grant 1,74097
Statistical Expense Accounts. 14,636 10
State Taxes on Increase of
Capital Stock 28,723 00
Commissions on Sale of 1st
.Coll. Mtge. Bonds 42,83500
Deficit Sed., War. & S. W. Ry.
Dec.31,1901 4,06829— 93,00336
Dividend No. 45, paid July, 1901 . . 1,653,752 50
Dividend No. 46, paid Jan., 1902 1,910,050 00
Dividends Received :
Am.Refri^erator Transit Co. 23,865 78
Baring Cross Bridge Co 10,500 00
Coal Companies 201,630 00
Un i on Depot Companies .... 6,975 00
Pacific Express Co 408,000 00
Sonthw. Lead & Zinc Works. 2,603 85
Denver & Rio Gr. RR. Co . . 365,000 00
Kan. Cy. Northwes. RR. Co. 48,395 84
St. L. & Miss. Vy. Trans. Co. 1 00
Int. on Gen. Con. Ry. and
Land Grant Bonds St. L. , I.
M. <fc So. Ry. in Treasury.. 40000
National Beet Sugar Co 3,210 00— 1,070,586 47
Dividend on Capital Stock of
St. L., I. M. & S. Ry. Co.
exchanged for Capital Stock
of M. P. Rv. Co. . . ...1,544.01150
Rentals, Account Leased Roads :
Iron Mountain RR. of Mem-
phis, for Tenn'l Facilities. 20,000 00
Kan. Cy. Northwestern RR.
forTrackage ............. 26,25937— 46,25937
Sundry Amounts :
Sleeping Car Earnings ...... 125,469 85
Miscellaneous Receipts ..... 31,912 18
Interest and Exchange ...... 51 ,925 60
Discount and Premium ..... 10,824 43—
220,132 06
Total $8,699,81975
Net Surplus, year 1901 $1,300,16298
Surplus to Dec. 31, 1900 3.213,60752
Total Payments
Appropriations from Surplus :
Prepaid Taxes due in 1902 ............... $197,675 43
Additions and Improvements, 1901 ....... 828,389 89
Improvements, year 1902 ................. 250.00000
Surplus, Dec. 81, 1901 ...................... 3,237,705 18
Total .................................. $4,513,77050 Total ................................. $4,513,77050
• Recovery of accrued interest at date of sale (on 1st collateral bonds, $57,479.46; on K. C. S. W. RR.
1st mtge. bonds, $2,041.67), $59,251.13; adjustment of interest on gold debenture bonds exchanged for
capital stock, $202,547.23— total, $262,068.36. Less interest accrued prior to Jan. 1, 1901, on 1st collateral
bonds, $54,916.66. Net adjustment as above, $207,151.70.
POOR'S MANUAL — THE MISSOURI PACIFIC RY. CO.
477
6. Income account and general balances of the Missouri Pacific Ry. Co. for seven fiscal years.
1895
1896
1897
1898
1899
1900
1901
Aver. Mileage Operated.
Earnings— Passenger . . .
Freight
3,200.37
S
2,235,245
7,571,640
3,164.25
S
2,054,164
7,355,308
8,164.25
$
2,108,955
9,128,663
3,164.25
S
2,546,491
9,691 ,742
3,164.25
2,588,375
9,667,919
3,164.25
$
2,784,926
10,921,247
3,392.54
3,148,311
12,621,380
Other
1,647,001
1,655,859
1,747,548
1,873,044
2,017,407
2,224,103
3,614,386
Total
11,453,886
11,065,391
12,985 166
14,111,277
14,273,701
15,930,276
18,384,077
Operating Expenses —
9,354,493
9,052,465
9,738,231
10,841,990
10,855,575
11,310,152
12,631,558
Net Earnings
2,099,393
2,012,926
3,246,935
3,269,287
3,418,126
4,620,124
5,752,519
Other Receipts
967,328
494 815
787854
790 580
917,277
2,310,385
2,947,301
Total Income
8,066 721
2,507,741
4,034,789
4,059,867
4,335,403
6,930,509
8,699,820
Payments— Interest
Taxes
2,955,158
633,090
3,034,224
649,638
3,058,438
640,744
3,058,438
649251
3,058,438
645,875
3,301,729
657,443
2,881,194
695,221
Rentals
Sundries
Dividends .
130,515
168,217
115,849
158,645
116,182
125,609
116,182
228,341
116,182
115,036
116,285
77,160
167,436
92,003
3,563,803
Balance ( + or — )
— 820,859
— 1,450 6iJ>
+ 93,816
+ 7 655
+ 399,872
+ 2,777,892
+ 1,300,163
Gross Earnings p. Mile. .
Operating Exp. p. Mile.
Net Earnings p. Mile . .
Expenses to Earnings . .
Miles RR. Owned
Miles Track Owned . .
Miles of Steel Rail
3,578.92
2,922.94
655.98
81.67 p. c.
1,259.89
1,661.68
1,647.46
8,497.00
2,860.86
636.14
81.81 p. c.
1,259.98
1,664.03
1 ,659 91
4,103.71
3,077.58
1,026.13
75 p. C.
1,259.98
1,668.47
1,666.35
4,45?. 60
3,426.40
1,033.20
76.83 p. c.
1,259.98
1,670.62
1,667.01
4,510.93
3,430.69
1,080.24
76.05 p. c.
1,259.98
1,675.58
1,668.38
5,034.45
3,574.85
1,460.10
71 p. c.
1,259.98
1,718.06
1,713.94
5,418.97
3,723.33
1,695.64
68.71 p. c.
1,259.98
1,710.39
1,672.05
Locomotives
351
351
351
325
334
340
394
Passenger Cars
281
290
290
290
291
290
340
Baggage, etc., Cars
Freight Cars
77
12,179
75
11,985
73
12,650
73
14,165
72
15,968
76
16,119
84
21,269
Caboose and Other Cars.
Capital Stock
304
$
47,442,250
348
$
47,442,375
659
9
47,442,375
737
$
47,447,075
743
$
47,448,650
700
S
50,432,150
1,002
$
76,402,875
Funded Debt
62,268,000
62,138,000
62,138,000
62,138,000
62,138,000
65,374,000
54,012,000
Unpaid Interest
986,866
987,810
994,853
980,088
965,690
1,135,475
954.180
Sundry Liabilities
4,347,890
3,771,141
5,154,754
5,421,999
6,840,320
4,288,329
6,668,213
Profit and Loss
1,384,986
28,187
35,843
435,715
3,213,608
3,237,705
Total Li abilities
116,429,992
114,339,326
115,758,169
116,023 005
117,828,375
124,443,562
141,374,973
Cost of Property
51,500,997
51,609 172
52,310,686
53 466 617
55,232,633
55,987,013
61,212,577
Other Investments
Materials and Supplies. .
Current Assets
59,985,500
1,073,420
2,852,106
59,195,221
835,285
2,134,985
59,220,174
807,238
2,331,580
58,214,061
864,399
2,515,207
57,922,672
1,065,946
2,887,642
60,245,122
1,081,569
2,179,907
71,331,557
2,161,941
2,659,429
Cash on Rand
1,017,900
499,034
1,088,491
962,721
719,482
4,949,951
4,009,469
Profit and Loss
65,629
Total Assets
116,429,992
114,339,326
115,758,169
116,083,005
117,828,375
124,443,562
141,374,973
7. General Balance SJieet, December 31, 1901.
Cost of Road, Equipm't, etc. .
Supplies and Mat'l on Hand. .
Inves'ts in Stocks and Bonds
Expenditures Account of Con-
struction and Proj. Lines. . .
$
59,782,291 03
2,086,562 81
71,331,557 34
1,368,821 91
Cash :
In hands of Treasurer, Local
Treasurer and Paymasters 3,244,792 35
In Transit, Account Agents 764,676 73— 4,009,469 08
Sundry Accounts Collectible :
Agents'and Conductors 852,77669
U. S. Gov't (Mail Service) . . 313,364 98
U. S.Gov.Trans.Fgt.& Pass. 84,988 83
Pacific Express Co 93,769 60
Sundry RRs. and Indiv'ls. . . 707,705 68
Foreign Roads, Acct. Over-
charges refunded 40,473 72— 2,093,079 50
Old Rails on Hand (at Carondelet) 75,378 26
Elevators, Town Lots, etc 61,464 08
Advances to Sundry Agts. : await 'g adjust. 212,637 83
Due from St. L., I. M. & S. Ry. Co 353,711 13
Total Assets 141,374,972 97
Capital Stock (includ. amount
exch'ged for Capital Stock
of St. L., I. M. & S. Ry.).
Funded Debt (see Sec. 9)
76,402,875 00
54,012,000 00
Interest Due and Accrued :
Due aud Uncalled for 64,237 50
Accrued but not Due 889,94269—
054,180 19
Accounts Payable :
Vouchers prior to Dec., 1901 593,302 06
Pay Rolls for Dec., 1901, due
Jan. 15, 1902 1,210,81478
Vouchers for Supplies for
Dec., 1901, due Jan. 20,1902 1,614,191 17
Pay Checks Outstanding... 109,64687
Notes Payable 553,152 07
Due to Sundry RR. Com-
panies and Individuals. . . 273 85
Dividend No. 46, payable
Jan. 20, 1902 1,910,050 00— 5,991,430 80
Special Fund Accounts ; Insurance, etc. . 385,982 82
Improvement Fund 250,000 00
Due to the Central Branch Ry. Co 140,798 98
Balance of Income Account Dec. 31, 1901. 3,237,705 18
Total Liabilities 141,374,972 97
478
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
8. Capital Stoclc.— During the past year additional Missouri Pacific capital stock was issued to
the amount of $25,970,725 as follows: $13,495,865.19 for the acquisition of 148,000 shares of common
and 73,000 shares of preferred capital stock of the Denver and Rio Grande Ry. Co.; $11,628,000 for the
retirement of gold debenture bonds; $015 in exchange for capital stock of the St. I.., I. \l. ,\ S. l(\. Co.
and $846,244.81 for cash. The authorized capital stock is $100,000,000, increased from $70,000,000 by vote
of stockholders on June 26, 1901.
S>. I '11 11 <!<•<! Debt.— The funded debt outstanding on June 30, 1901— total, $54,012,000, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the state-
ment; and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready
Reference Bond List— see General Index:
Pac. RR. (Mo.) 1st gold 4s of Aug. 1, 1938. . . . ?7,000,000
Pac. RR. (Mo.) 2d gold 5s of July 1, 1938. . . . 2,573,000
M. P. Ry. Lex. Div. 1st gold 5s of Aug. 1, 1920 $650,000
Mo. Pac. Ry. Cowol. gold 6s of Nov. 1, 1920 14,904,000
Trust gold 5s of Jan. 1, 1917 14,376,000
1st Coll. gold 5s of Aug. 1, 1920 9,636,000
Pac. RR. Itcal Est. gold 5s of May 1, 1938 . . . 800,000
Pac. ER. Car. Br. 1st gold 4js of Oct. 1, 1938. 237,500
Mo. Pac. Ry. 3d 7s of Nov. 1, 1906 3,828,000
PACIFIC RR. OF MISSOURI IST MTGE. GOLD BONDS.— Secured on the main line from St. Louis to Kansas
City, Mo., 283.74 miles, with rolling stock, machine shops, and depots — average per mile, $24,735.
PACIFIC RR. OF MISSOURI 2o MTGE. GOLD BONDS. — Secured on the same line as, but subject to, the 1st
mortgage. Average per mile, $9,092. Sinking fund, $50,000 per annum.
PACIFIC RR. OF MISSOURI, ST. Louis CITY REAL ESTATE MTGE. GOLD BONDS. — Secured on four blocks
of ground in the city of St. Louis, Mo., valued at $2,500,000.
PACIFIC RR. OF MISSOURI, CARONDELET BRANCH IST MTGE. GOLD BONDS. — Secured on the line from Kirk-
wood, Mo., to Carondelet, Mo., 12.44 miles. Average per mile, $18,846.
MISSOURI PACIFIC RY. 3D MTGE. BONDS. — Secured as a third lien on the main line and as a second lien
on the Carondelet Branch, together forming the old Pacific RR. of Missouri. Average per mile, $12,932.
THE MISSOURI PACIFIC RY. LEXINGTMJ DIVISION, IST MTGE. GOLD BONDS. — Secured as a first lien on the
line from Lexington, Mo., to Sedulia, Mo., 55.5 miles. Average per mile, $11,818.
THE MISSOURI PACIFIC RY. CONSOL. MTGE. GOLD BONDS.— Authorized issue, $30,000,000, of which $15,-
096,000 are reserved to cover prior liens. The bonds outstanding ($14,904,000) are secured on The Missouri
Pacific Ry. main line (482.11 m.), and branches (578.49 m.), aggregating 1,060.60 m. ; also upon all
franchises, rolling stock, etc., now owned or that may be hereafter acquired. Average per mile, si i
TRUST 5 p. c. GOLD BONDS. — Secured by a deposit in trust of 1st mtge. bonds of railway companies
controlled or operated as part of its system by The Missouri Pacific Ry. Co. The issue of this series of
bonds is limited to actually completed mileage of railroads whose 1st mtge. bonds are deposited in trust
as above. (For statement of the companies issuing the underlying bonds and description of same, see Sec.
10.) Issue limited to $15,000,000.
IST COLLATERAL MTGE. GOLD BONDS. — Limited in issue to an amount not exceeding 80 p. c. of the
par value of the deposited and underlying 1st mtge. bonds of auxiliary companies. (For statement of
securities covered by the collateral trust bonds, see Sec. 10.)
1O. Statement allowing subsidiary bonds deposited with trustees, covered by the Trust 5
p. c. and 1st Collateral Mtge. bonds of The Missouri Pacific Ry. Co., as stated in preceding
statement of bonded debt, inte'rest on which accrues to The Missouri Pacific Ry. Co. :
1\0* f. nf
T^nto f\f
AMOUNT.
3 ^fijfe
*•" -*->' S <J C"1 PH
MORTGAGES.
Miles.
jjaie or
Mortgage.
JJULc Ul
Bond.
Maturity
of Bond.
Author-
Outstand-3~|~s£f£
ized.
ing.
HH
|ap
A. COVERED BY Mo. PAC.
TRUST 5 P. c. BONDS :
$
$
p.c.
$
Den., M. & A. Ry., 1st Mtg.
411.56
July 1,1886
July 1, 1886
July 1, 1916
16 M. p. m.
6,561,000 6 g.
393,660
Wich. & Col. Ry., 1st Mtge.
46.47
July 1, 1886
July 1, 1886
July 1,1911 15 M. p.m.
705,000 6 g.
42,300
Kan. & Col. RR., 1st Mtee.
136.02
Aug. 2, 1886
July 1, 1880
July 1, 1926 15 M. p. m.
2,041,000 6 g.
122,460
F. S.,W. &W.Ry. ,1st Mtg.
309.25
Aug. 1,1887
Aug. 1, 1S87
Jan. 1, 1(J1?
4,666,000
4,666,000 7 g.
326,620
8. ,8. &E1P.RR., 1st Mtge.
40.10
Dec. 1, 1886
Dec. 1, 1886
Dec. 1, 1926
15 M. p. m.
600,000
6 g-
36,000
Kan. So'w'n Ry., 1st Mtge.
24.91
Jan. 1, 1887
Jan. 1, 188?
Jan. 1, 1917
15 M. p. m.
372,000
6 g-
22,320
P. & State L. RR., 1st Mtg.
152.12
Oct. 1, 1887
Oct. 1, 1887
Oct. 1, 1917
15 M. p. m.
2.270,000
5_g.
Totals
1,120.43
17,215,000
1,056,860
B. COVERED BY Mo. PAC.
IST COLL. MTGE. BONDS :
Top., 8. &W. RR., 1st Mtg.
51.73
Jan. 1, 1883
Jan. 1, 1883
Jan. 1, 1923
4,000,000
1,273,000
6 g-
76,380
Rooks Co. RR., 1st Mtge . .
18.25
Jan. 1, 1886
Jan. 1, 1886
Jan. 1, 1911
275,000
275,000
6 c.
16,500
K.,N. &D. Ry. ,1st Mtge..
131.00
April 1, 1886
April 1, 1886
April 1, 1916
2,400,000
2,055,000
6 g-
123,300
The M. P. Ry. in K., 1st M.
19.42
July 1, 1886
July 1, 1886
July 1, 1911
300,000
300,000
6 c.
18,000
C.G..O.C. &O.Ry., IstM.
69.53
Aug. 16, 1886
Aug. 16, 1886
July 1, 1911
1,110,000
1,110,000
6 c.
66,600
K.C.&S'nRy. of Mo., IstM
20.70
Sept. 1,1886
Sept. 1, 1886
Sept. 1, 1926
20 M. p. m.
407,000
6 g.
24,420
K. C. & S'w'n Ry., 1st Mtg.
Grouse Creek Rv., 1st Mtg.
27.00
25.07
Sept. 1,1886
July 1, 1887
Sept. 1, 1886
July 1, 1887
Sept. 1, 1926
July 1, 1927
20 M. p. m.
390,000
550,000
376,000
6 g-
6 g.
33,000
22,560
C.G..S.V. &W.Ry.,lstM.
27.30
July 18, 1887
July IS, 1837
July 1, 1917
15 M. p. m.
417,000
6 c.
25,020
St. L.,O.H. &C.Ry.,mM.
6.30
Sept. 1, 1887
Sept. 1, 188?
Sept. 1, 1917
400,000
400,000
6 g.
24,000
Pac. Ry. in Neb., 1st Mtge.
73.00
Sept. 20, 1887
Sept. 20, 1887
Sept. 20, 1907
15 M. p. m.
1,095,000
5 c.
54,750
I. Mt. RR. of Mem., 1st M.
1.07
Nov. 10, 1888
Nov. 10, 1888
Nov. 1, 1908
500,000
500,000
6 g-
30,000
Inter-State Ry., 1st Mtge . .
101.43
July 10, 1890
July 10,1890
July 1, 1920
16 M. p. m.
1,622,000
6g.
97,320
Ft. Scott Central Ry. :
Ft.S. &E.Ry., 1st Mtge.
26.27
Feb. 2,1891
Feb. 2, 1891
Feb. 1,1920
15 M. p. m.
394,000
5 g.
19,700
Ft.S.B.T.Rv. ,1st Mtge.
3.91
Feb. 2, 1891
Feb. 2, 1891
Feb. 1, 1920
50 M. p. m.
195,000 5 g.
9,750
Ft. S. &S. Rv.,1*tMtge.
26.87
Feb. 2,1891
Feb. 2, 1891
Feb. 1,1920
15 M. p. m.
383,000
5 g.
19,150
Neb. So. Ry., 1st Mtge
16.12
Jan. 1,1892 Jan. 1,1892
Jan. 1, 1922
ir, M. p.m.
242,000
5 g.
12,100
Omaha So. Ry., 1st Mtge. .
Joplin & W. Ry., 1st Mtge.
25.44
4.59
Jan. 1, 1892 Jan. 1, 1892
June 1, 1892|Jnne 1, 1892
Jan. 1, 1922
June 1, 1922
15 M. p. m.
15 M. p. m.
382,000 5 g.
69,000 5 g.
19,100
8,450
Totals
675.00
12,045,000
695,100
POOR'S MANUAL— THE MISSOURI PACIFIC RY. CO.
479
11. Statement showing investments in stocks, bonds, and other properties by The Mis-
eouri Pacific Ry. Co., Dec. 81, 1901 :
No. of
DESCRIPTION. Shares or Amount.
Bonds.
I. SECURITIES OWNED :
(A.) Deposited as Security for Issue of Trust and
Collateral Mortgage Bonds :
1. For Issue of Trust Five per cent. Bonds (total par,
$17,215,000; cost to company, $14,376,000) :
First Mortgage Bonds :
Kansas and Colorado RR 2,041 $2,041,00000
Den., Mem. & Atlantic Ry. .. 6,561 6,561,00000
Pueblo & State Line RR 2,270 2,270,000 00
Ft. Scott. Wichita & W. Ry . .1 Bond 4,666,000 00
Wichita & Colorado Ry 705 705,00000
Salina, Ster. & El Paso RR . . 600 600,000 00
Kansas Southwestern Ry.. .. 372 372,00000
2. For Issue of First Collateral Bonds (total par, $12,-
045,000 ; cost to company, $9,636,000) :
First Mortgage Bonds :
Coun. Q've, O. C'y & O. Ry.. 1,110
Topeka, Salina & West. RR. 1,273
The Mo. Pac. Ry. in Kansas.. 800
Coun. Gr., Sm. Vy. & W. Ry 417
Kan., Neb. & Dakota Ry . . . . 2,055
Grouse Creek Ry 376
Rooks County RR 275
Pacific Ry. in Nebraska 1 ,095
Interstate Ry 1,622
400
rstate Ry.
St. L., O. Hill & Caron. Ry...
Kan. C'ity & Southwestern Ry.
Kan.City & Southw. Ry. of Mo.
Ft. S. C. Ry. : Ft. S. & East. Ry.
Ft. S. B. T. Ry..
" " Ft. S. &So. Ry..
Joplin & Western Ry
Omaha Southern Ry
Nebraska Southern Ry
Iron Mountain RR. of Mem.. .
550
407
394
195
383
242
500
$1,110,00000
1,273,000 00
300,00000
417,000 00
2,055,000 00
376,000 00
275,000 00
1,095,00000
1,622,000 00
400,00000
550,00000
407,000 00
394,00000
195,000 00
383,000 00
69,000 00
382,000 00
242,00000
500,00000
(S.)
Held in Company's Treasury (total par, $111,063,-
323.55; cost to company, $47,285,961.14) :
Capital Stock :
The Missouri Pacific Ry 4,100
St. L., Iron Moun. & So. Ry..257,337Tec
Kan. & Col. Pac. Ry 223,035
Pueblo & State Line RR 15,500
Rooks County RR 4,400
Pacific Ry. in Nebraska 10,958
S. L., O. Hill & Caron. Ry.... 4,000
Mo. Pac. Ry. of Kansas 300
Omaha Southern Ry 3,823
Nebraska Southern Ry 2,418
Ft. Scott Central Ry 11,148
Joplin & Western Ry 916
Omaha Belt Ry 8,000
Nevada & Minden Ry 4,500
Nevada & Min. Ry. of Kansas. 6,750
Le Roy & Caney Vy. A. L. RR 3,600
Kan. City & Southw'n Ry 2,460
Kan. C. & Southw. Ry. of Mo. 2,070
Kansas Southwestern Ry 3,399^
Iron Mountain RR. of Mem. . 7
Cen. Br. Union Pac. RR. Co. 8,742
Atch., Col. & Pac. RR. Co... 9,203
Atch., Jewell Co. &W.RR. Co 1,050
The Central Branch Ry. Co. . . 75,850
Sed., War. & Southw'n RR. . . 5,160
$410,00000
25,733,790 00
22,303,500 00
1,550,000 00
440,000 00
1,095,800 00
400.00000
80;00000
382,300 00
241,800 00
1,114,800 00
91,60000
800,00000
450,00000
675,000 00
360,000 00
246,000 00
207-,000 00
339,94000
70000
874,200 00
920,300 00
105,000 00
7,585,000 00
516,000 00
DESCRIPTION.
No. of
Shares or
Bonds.
368
2,650
Winfleld, Texas & Gulf Ry ____
Kanopolis & Kan. Cent. Ry . . . ,
The Kan. City Northw. RR Co. 40,160
Arkansas Central RR ......... 5,938
Texas & Pacific Ry ............ 65,250
Den. & Rio Grande Ry., Com.. 148,000
Den. & Rio Grande Ry., Pref . . 73,000
Atoka Coal & Mining Co ...... 4,163
Lexington Coal Mining Co ____ 100
Osage Coal & Mining Co ...... 2,000
Rich Hill Coal Mining Co ..... 4,592
Western Coal & Mining Co... 10,000
Water. & Car. Turn. & F'y Co. 998
Pacific Express Co ............ 24,000
American Refrig. Transit Co.. 930
Kansas Central Elevator Co. . . 750
Exp.&Mus.HallAs'n,St.Louis 200
Omaha Fair & Speed Assoc'n. . 200
Town Cos. on McPherson Br ......
Mahoney Frog Foot Guard Co. 150
St. L. Light Artillery Arm As'n 10 shares
Fort Scott Convention Hall ... 40
Baring Cross Bridge Co ....... 1,500
Louisiana Purchase Exp'n Co. 8,500
So. 111. & Missouri Bridge Co.. 100
National Beet Sugar Co., Pref. 100
National Beet Sugar Co., Com. 100
St. L. & Miss. Vy. Transp. Co. 87
Pacific RR. of Missouri ....... 1,278
Missouri Pacific Elevator Co.. 2,500
General Consol. Bonds :
St. L., Iron Mount. & So. Ry. . 8
First Mortgage Bonds :
Kanopolis & Kan. Central Ry. 225
Leavenw. Union Dep.& RR. Co. 25
Pac. RR. (of Mo.), Carond't Br. 15
National Beet Sugar Co ....... 57
K. CityN.W.RR.Co.,Ser. "B" 2,983
Arkansas Central RR ......... 770
Second Mortgage Bonds :
Ft. Scott, Wichita & W. Ry. . . . 1 Bond
Atchison Union Depot Co ..... 9
Fractional Scrip :
K. City N.W.RR. Co.,Ser. "A" ....
K. CityN.W.RR. Co.,Ser. "B" ....
TheMo.Pac.Ry. Co. Capital Stk .....
Southw. L. &Z.Wks.,RichHill ....
Amount.
$36,80000
265,000 00
4,016,000 00
593,800 00
6.525,000 00
14,800,000 00
7,300,000 00
416,30000
100,00000
200,000 00
459,200 00
1,000,00000
99,800 00
2,400,000 00
93,00000
75,000 00
5,00000
5.000 00
3,500 00
15,000 00
150,00000
85,00000
10.00000
10,00000
10,00000
8,700 00
137,80000
250,00000
8,000 00
225,000 00
25,000 00
7,500 00
57,000 00
2,983,00000
770,00000
1,000,000 00
4,500 00
17855
50000
1500
50,00000
II. SECURITIES CONTROLLING UNION DEPOTS AND
TERMINALS (TOTAL PAR, $293,720 | COST TO
COMPANY, $33,596.20) :
(A.) Union Depots:
Capital Stock :
St. Joseph Union Depot Co. ... 10 $1,000 00
Kansas City Union Depot Co. . 450 45,000 00
Atchison Union Depot Co ..... 9 9,000 00
Leavenworth Union Depot Co. 250 25,000 00
Pueblo Union Depot Co ....... 81 J 8,120 00
(B.) Terminals and Bridges :
Capital Stock :
Ter.RR. Association of St. Louis 2,056 305,60000
Total Par Value of Foregoing ........ 140,617,043 55
Total Cost to Company .............. 71,331,557 34
12. Summary of investments in stocks, bonds, etc., by The M. P. Ry. Co. for 1899-1901 :
18
99
191
)0
19
01
Par Value.
Cost to Co.
Par Value
Cost to Co.
Par Value.
Cost to Co.
Securities Owned :
Deposited for Trust 5 p c Bonds . .
$
17,215 000
9
14 376,000
$
17,215 000
$
14 376 000
$
17 215,000
$
14 376 000
Deposited for 1st Collateral Mtge. Bonds. . .
Deposited for Gold Funding Notes
12,045,000
40,605,908
9,636,000
27,801,395
12,045,000
40,605 908
9.636,000
27 801 395
12,045,000
9,636,000
Held in Company's Treasury.
41,759,368
4,166,681
50,270.399
8,254,130
111,063,324
47,285,961
Securities Controlling Union Depots, etc
293,720
33,596
293,720
33,596
293,720
33,596
Totals
111,918,996
56 013,672
120 430 027
60 101 121
140 617 044
71 331,557
480
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
13. Statement showing the resources of The Missouri Pacific Ry. Co., and their applica-
tion, year ending Dec. 31, 1901:
Resources.
Net Earnings as per Income Account (Sec. 4) $5,752,518 86
Miscellaneous Credits to Income Account: Waterloo and Carondelet Turnpike & Ferry Co., Net
Earnings, $66,311.49; Dividends Received, $2,614,597.97; Rentals Account Leased Lines,
$46,259.37; Sundry Amounts, $482,200.42— Total 3,209,36925
Increase in Liabilities during Year 1901: Capital Stock, $25,970,725; Interest Accrued, not due,
$10,374.99; Vouchers and Pay Rolls, $1,299,476.72; Pay Checks outstanding, $31,581.69;
Dividend No. 46, due Jan. 20th, 1902, $1,910,050; Improvement Fund 1902, $250,000— Total. . .$29,472,208 40
Decrease in Assets during Year 1901: Cash on Hand and in Transit, $940,481.93; Gold Debenture
Indenture Bonds in Treasury, $144,000; Due from Foreign Roads, overcharges, $2,823.71;
Old Rails at Carondelet, $15,206.77; Advances to Sundry Agents awaiting Adjustment,
$114,542.83; St. Louis, Iron Mountain & Southern Ry., Current Accounts, $57,877.29— Total. 1,274,932 53
Total Resources .$39,700,029 04
Application of Resources:
Miscellaneous Charges to Income Account: Interest Accrued on Bonds, $3,088,345 83; Taxes,
$695,220.56; Rentals, $167,436.22; Sundry Amounts, $146,920.02; Appropriation for Taxes
due in 1902, paid in 1901 to Secure Discount, $197,675.43; Appropriation for Additional
Property, and Improvements to Road and Equipment Year 1901, $828,389.89; Appropri-
ation to Pay in Part Improvements to Road and Equipment Year 1902, $250,000; Dividends
Paid and Declared, $3,563,802.50— Total $8,937,790 45
Increase in Assets during Year 1901: Additions to Property, as per statement, $4,150,937.12;
Materials and Supplies, $1,095,578.42; Expenditures Account Construction and Projected
Lines, $1,073,630.05; Investments, $11,230,435.19; Due from Agents and Conductors, $336,-
999.88: Due from United States Post-office Department, Mail Service, $11,598.68; Due from
United States War Department, Transportation, $15,423.49; Due from Pacific Express
Company, $32,093.34; Due from Sundry Railroads and Individuals, $258,650.14; Sundry
Property Accounts, $997.54— Total 18,206,343 85
Decrease in Liabilities during Year 1901: Gold Debenture Indenture Bonds, $11,362,000; Interest
Due, not called for, $191,670; Due to Sundry Railroads and Individuals, $80,739.32; Notes
Payable, $199,956.39; Special Funds Account Insurance, etc., $372,366.73; The Central
Branch Ry., Current Account, $358,162.30— Total 12,564,894 74
Total : $39,709,029 04
14. Statement showing amounts paid to and received from other lines, account rentals
of tracks during the year 1901 :
Name of Road Leased
From
To
Miles
Leased.
AMOUNT or RENTAL.
NET AMOUNT.
Paid.
Received.
Paid.
Received.
To Missouri Pac. Ry. :
Boonville, St. L. & So. Ry.
Hannibal & St. Jos. RR . .
K. C., St. J.& Coun. Bl. RR.
Cent Br Ry •!
Boonville,Mo.
Rushville,Mo.
Winthr'p.Mo.
Atchis'n,Kan.
Inc. Jnt. Prop
Le Roy, Kan .
Roper, Kan . .
KanCity,Kan.
MgrJct.,Kan.
KanCity,Kan.
Tr. Facilities.
Versailles, Mo .
St. Joseph, Mo.
Rushville, Mo..
Central Br. Jet.
erty at Atchison
Deering, Kan . .
Peru, Kan
Virginia, Neb..
L'worth, Kan . .
L'worth, Kan, . .
43.95
[21.00
[ 1.89
30.62
51.78
\ 161. 65
31.26
25,00000
j 10,579 18
j 7,00000
7,38204
40,30000
26,00000
51,175 00
$
$
$
Verd. Vy., Ind. & W. RR.
Le Roy & C.V.Air LineRR.
Kansas City N. W. RR. . . j
Chicngo Q. "West. Ry
St. L., Iron Mt. & So. Ry.
26,259 37
Memphis, Tenn.
20,00000
167,436 22
46,259 37
121,17686
To Cent. Br. Ry.:
Missouri Pacific Ry j
To St. Louis, I. M. & So. Ry.
Little Rock Junction Ry. .
Little R'ck & Ft. Smith Ry.
The Missouri Pacific Ry.. .
Total
Atchis'n,Kan.
Inc. Jnt. Prop
Little R.,Ark.
Argenta, Ark.
Tr. Facilities.
Central Br. Jet.
erty at Atchison
Argenta, Ark. . .
Ft. Smith, Ark.
Memphis, Tenn.
| 1.89
0.59
171.51
7,38201
26,520 00
163,975 00
20,00000
210,495 00
210,495 00
324,289 81
15. RAILBOADS OWNED OB LEASED BY THE MISSOURI PACIFIC RY. Co.
Boonvtlle, St. Louis and Southern Ry.
—Boonville, Mo., to Versailles. Mo., 43.95 miles.
Leased to The Missouri Pacific Ry. Co. for 30 years
from July 1, 1880, at an annual rental of $25.000.
Capital stock paid In ($1,000,000 auth.; $125 shares),
$250.000; funded debt, $400,000 — total stock and
bonds, $650,000. Wm. Speed Stephens, Pres. &
Treas. ; A. H. Stephens, Sec., Boonville, Mo. Office,
Boonville, Mo.
KniiNnn City and Southwestern Ry.—
Mo. and Kan. State Line to Paola, Kan., 27 ni.;
total track (steel; 60. 63, and 75 Ibs.). 31.29 miles.
Chartered Dec. 24, 1884; road opened Jan. 22, 1888.
Leased to Kansas City and Southwestern Ry. Co. of
Mo. for 26 years from Jan. 1, 1881; rental, Interest
on bonds, $33,000. Balance Sheet. Dec. 31, 1901.—
Capital stock paid In ($700,000 auth.; $100 shares),
$276,000; funded debt (1st 6s of Sept. 1, 1926;
Railroad Map of Iowa and Missouri.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE
ftNKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND 'PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN -ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
IOWA AND MISSOURI.
Railroad Map of Iowa and Missouri.
NOW READY.
MONEY AND ITS LAWS:
EMBRACING
A HISTORY OF MONETARY THEORIES
AND
A HISTORY OF THE CURRENCIES
OF THE
UNITED STATES.
By HENRY V. POOR,
Published by H. V. & H. I. POOR, to Broad Street, New York.
I vol., royal octavo, cloth, pp. xl., 623.
Price, $5.OO.
Sent , free of postage, vpon receipt of price, by the publishers, and for sale by all booksellers.
Of the excellence and completeness of fche work the publishers present the following
testimonial :
" The undersigned, having carefully examined the work recently published by Mr. HENRY V.
POOR upon the subject of MONEY, hereby express their conviction that he has unfolded its NATURE
and LAWS with an amplitude and clearness which have all the force of demonstration. His assump-
tion of treating money as a subject coming within the range of the exact sciences has been well
sustained. The application of the principles laid down in the first part of his work cannot fail to
restore order in the place of the chaos of opinion which now prevails, and to point out, unmistakably,
the conditions necessary to a restoration of the currency of the country to the standard of coin, we
commend the work to the public as an able, scholarly, painstaking, and exhaustive treatise upon a
subject in which is involved, more than in any other now engaging their attention, the welfare of
the people of the United States."
GEORGE S. COE, President American Exchange National Bank, New York.
J. D. VERMILYE, President Merchants' National Bank, New York.
JOHN CUMMINGS, President Shawmut National Bank, Boston, Mass.
JAMES H. BEAL, President Second National Bank, Boston, Mass.
WINSLOW, LANIER & CO., Bankers, New York.
JAMES A. DUPEE, Treasurer Hamilton & Appleton Mfg. Co , Boston, Masa.
POOR'S MANUAL — THE MISSOURI PACIFIC SYSTEM.
481
auth., $20,000 per mile), $550,000 — total, represent-
IIIK cost, etc., $826,000. George J. Gould, Pres.,
Vork, N. Y.; C. G. Warner, Vice-Pres., St.
! Louis, Mo.; A. H. Calef, Treas., New York, N. Y. ;
F. W. Irland, See., St. Louis Mo. Office, Kansas
City, Knn.
K 11 ii NIIS City and Southwestern Ry. of
MlNHOiirl.— Cecil June., Mo., to Kan. State Line,
L'n.T in.: total track (steel; 75 Ibs.), 24.04 miles.
Chartered June 5, 1886; road opened Jan. 1, 1891.
Tliis company leases the Kansas City and South-
western Ry. of Kan. on terms shown in the state-
ment for thnt company. Leased to The Missouri
Pacific Ry. Co. for 25 years from Jan. 1, 1891, the
lessee assuming all liabilities. Balance Sheet, Dec.
::i, I'.MII. — C.-ipital stock, $207,000; funded debt (1st
Cs of Sept. 1, 1926; auth., $20,000 per mile), $407,000
—total, representing cost, etc., $614,000. George J.
Could, Pros., New York. N. Y. ; C. G. Warner, Vlce-
I'res. ; F. W. Irland, Treas. & Sec., St. Louis, Mo.
(itlice, Kansas City, Mo.
Kansas City Northwestern RR. — Kan-
sns City, Kan., to St. J. & G. I. RR. Connection,
117.1 m. ; Axtell June., Kan., to Virginia, Neb.,
,'i2.'.i2 m.; H. B. Connection to St. J. & G. I. RR.
Connection, 0.02 m. ; Menager June, to South
Leavenworth, Kan., 11.61 m. — total, 161.65 m. ; total
track (steel: 52, 56. and 75 Ibs.). 185.5 miles. Track-
ape Rights: St. J. &G. I. Ry., Seneca to Axtell June.,
Kan., 10.77 m. ; Missouri Pacific Ry., South Leaven-
worth to Leavenworth, Kan., 0.92 m.; A., T. &
S. F. Ry., spur at Soldiers' Home, Kan.. 0.79 m. —
total, 12.48 miles. Total mileage operated, 1st
t track. 174.13 miles. Chartered Dec. 20, 1893, as
successor to the Kansas City, Wyandotte and North-
western RR. Co. (see Manual for 1894, page 212,
and Manual for 1895, page 883). The Kansas City
and Beatrice RR., extending from Summerfield,
Kan., to Virginia, Neb., 20.65 miles, was absorbed
on Jan. 1, 1897. Operated by the Missouri Pacific
Ry. Co. under a lease effective Jan. 1, 1901, at a
rental of the interest on the outstanding series
A bonds. The tracks of the St. Joseph and Grand
Islam1 RR., from Seneca to Axtell June., Kan., 10.77
in., ai •_• i. led at a monthly rental of $445.83 and pro-
portion of cost of maintenance. The spur track
of the A., T. & S. F. Ry. at Soldiers' Home is used
at a monthly rental of $20.01 and proportion of cost
of maintenance. The cost of using Mo. Pac. tracks
at Leavenworth is $10 a month rent, and trackage
of 50 cents for every loaded train and 25 cents each
for empty trains, besides proportion of expenses of
handling warehouse freight on basis of total
freight handled by both companies, and $1 per car
on cars sent to warehouse and team tracks. Capital
stock ($100 shares), $4,016,000. Funded debt (1st
gold 5s of Jan. 1, 1933 — series A, f 1,032, 500; series
B. $2,983,000; fractional scrip, $4,2:i2.08), $4,010,-
732.08. The Missouri Pacific Ry. Co. owns the
capital stock, the issue of series B bonds and the
fractional bond scrip. George J. Gould, Pres., New
York, N. Y.; C. G. Warner, Vice-Pres., St. Louis,
Mo.; A. H. Calef, Sec. & Treas., New York, N. Y.
Office, Kansas City, Kan.
!-«• Roy and Caney Valley Air Line RR.
— L. & C. Vy. June., near Roper, to Peru June., Kan.,
51.78 m.; total track (steel; 60 Ibs.), 64.06 miles.
Chartered June 10, 1885; road opened Jan. 1, 1887.
Leased to The Missouri Pacific Ry. Co. for 40 years
from Oct. 31, 1886, at annual rental of $500 per
mile, together with all tares, maintenance expenses,
etc. Rental for 1901, $26,000, which was paid as
interest on bonds. Capital stock paid in ($1,000,000
auth.; $100 shares), $540,000; funded debt (1st 5s
of July 1, 1926; auth., $10,000 per mile), $520,000
— total, representing cost, etc., $1,060,000. The
bonds are guaranteed by The Missouri Pacific Ry.
Co. Geo. J. Gould, Pres., New York. N. Y.; J. H.
Richards, Vice-Pres., Ft. Scott;, Kan.;' A.< H.
Calef, Treas., New York, N. Y. ; F. W. Irland, Sec.,
St. Louis, Mo. Office, Fredonla, Kan.
Sedalia, Warsaw and Southwestern
Ry. — Sedalia to Warsaw, Mo., 43.23 miles. Gauge,
3 ft. Rail (iron). 35 Ibs. Reorganization, April 7,
1891, of the Sedalia, Warsaw and Southern Ry. Co.
(see Manual for 1898, page 562). Operated by the
Missouri Pacific Ry. Co., under a lease effective Jan.
1, 1901. The company owns 2 locomotives and 39
cars (2 coaches, 11 box, 10 flat, 14 stock, 1 coal and
1 caboose). Capital stock, $516,000, representing
cost of property. The Missouri Pacific Ry. Co. owns
the entire capital stock. George J. Gould, Pres.; A
H. Calef, Treas., New York, N. Y. ; F. W. Irland,
Sec., St. Louis, Mo. Office, St. Louis, Mo.
Verdlsrris Valley, Independence and
\Vc.Hterii IMv. (Kansas and Colorado
Pacific Ry.).— V. V., I. & W. June, to Deering
June., Kan., 80.62 m. ; total track (steel; 56 to 75
Ibs.), 90.33 miles. The Verdigris Valley, Inde-
pendence and Western RR. Co. (chartered May 6,
1885; road opened Jan. 1, 1887) was on Jan. 1, 1891,
consolidated with eleven other companies, forming
the Kansas and Colorado Pacific Ry. Co., now a
proprietary line of the M. P< This division Is
leased to The Missouri Pacific Ry. Co. for 40 years
from Sept. 27, 1886, at an annual rental of $500
per mile, with taxes, maintenance, etc. There
are outstanding secured upon it, $806,000 ($10,000
per mile auth.) 1st gold 5s of March 1, 1926.
1.6. Board of Directors, The Missouri Pacific Ry. Co., elected March 11, 1902.
George J. Gould. .New York, N. Y
Edwin Gould
Howard Gould "
Frank Jay Gould .
Russell Sage New York, N. Y.
John P. Munn. . ,.
Samuel Sloan "
Louis Fitzgerald..
W. K. Bixby St. Louis, Mo.
Jas. De Wolf Cutting.NewYork,N.Y.
0. G. Warner St. Louis, Mo.
Russell Harding " "
Fred T. Gates New York, N. Y.
GEORGE J. GOULD, President 195 Broadway, New York, N. Y.
Frank Jay Gould, 1st Vice-President " "
C. G. Warner, 2d Vice- President St. Louis, Mo.
Russell Harding, 3d Vice- President & Gen. Manager "
Sec. & Treas.— A. H. Calef New York, N. Y.
General Auditor— S. B. Schuyler St. Louis, Mo.
Local Treas.— D. S. H. Smith St. Louis, Mo-
General Solicitor— Alexander G. Cochran. "
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo,
THE MISSOURI PACIFIC SYSTEM.— THE CENTRAL BRANCH RY. CO.
1. Mileage Operated, December 31, 1901.
Land Grant Division : Atchison, Kan., to Waterville, Kan 100.00 miles.
West Division : Waterville, Kan., to Lenora, Kan 193.39 "
Washington Brancli : Greenleaf, Kan. , to Washington, Kan 7 00 "
Republican Valley Branch : Ynma, Kan., to Warwick, Kan 30.80 "
Jewell Branch : Downs, Kan., to Alton, Kan 23.60 "
South Solomon Branch: Jamestown, Kan. , to Burr Oak, Kan 33.40 "
Total length of railroad, Dec. 31, 1901 388.19 miles.
2d track, 0.80 m.; sidings, 51.62 miles. Gauge, 4 ft. 8| in. Rail (steel, 301.52 in.), 52, 56,
60, and 63 Ibs.
31
482
POOR'S MANUAL OF EAILROADS — SOUTHWESTERN GROUP.
2. History. — Incorporated July 7, 1899, as successor to the Central Branch Union
Pacific, Atchison, Colorado and Pacific, and Atchison, Jewell County and Western RR.
Cos., in pursuance of the plan of reorganization outlined on page 1409 of the MANUAL for
1899. Controlled by The Missouri Pacific Ry. Co., through ownership of the entire capital
stock.
3. Rolling Stock, Dec. 31, 1901. — Locomotives, 26. Cars — passenger, 13 ; haggage, mail,
and express, 9; freight (box, 763; flat, 18; stock, 74; coal, 38; caboose, 18), 906; pervice,
49— total, 977.
4. General Income Account, year ending Dec. 31, 1901.
EARNINGS.
Passenger
LAND GKANT
Div.
$
87,578 65
WEST
Div.
S
143,522 95
TOTAL
$
231,101 60
EXPENSES.
Transportation..
LAND GRANT
Div.
%
102,398 86
WEST
Div.
$
173,696 20
TOTAL
S
276,095 06
Freight
474,229 52
475,752 74
949,982 26
Motive Power. ..
125,388 03
174,935 05
300,323 08
Mail
17,393 60
31,411 80
48,805 40
Maint. of Way..
106,988 48
220,945 44
327,933 92
Express
10,887 97
11,211 16
22,099 13
Maint. of Cars. ..
25,373 55
5,48358
30,857 18
Miscellaneous .
57,654 63
6,353 01
64,00764
General
16,436 86
16,23764
32,674 60
Totals
647 744 37
668 251 66
1 315 996 03
Totals
376,585 78
591,29791
967.883 69
Totals per Mile
6,477 44
2,318 79
3,390 08
Totals per Mile
3,765 86
2,051 71
2,493 88
Net earnings (26.45 p. c.), $348,112.34; add track rentals, $7,382 04; sundry receipts,
$187.40— total, $355,681.78. Payments: Interest on bonds, $238,360 • taxes, $86,695.26;
miscellaneous payments, $433.55— total, $325,488.81. Surplus, $30,U2.97; surplus for-
ward, $476,858.03— total, $507,051. Deduct appropriations (for prepaid taxes, 1902, $40,-
276.35; for 500 additional box cars, 1901, $343,720.54), $383,996.89. Surplus, Dec. 31, 1901,
$123,054.11.
5. General Balance Sheet, December 31, 1901.
Coat of Road and Equipment $13,544,000 00
Real Estate ($988.02) and Lands Purch'd 25,983 96
Investments 1,001 00
Sundry Accounts Collectible (U. S. Gov.) 28,153 50
Due from The Mo. Pac. Ry. Co. (Current
Account) 140,798 98
Total Assets $13,739,937 44
Capital Stock ($100 shares) $7,585,000 00
Funded Debt (see below) 5,959,000 00
Interest Due and Uncalled for 6,900 00
Interest Accrued, but not Due 65,98333
Profit and Loss 123,054 11
Total Liabilities $13,739,937 44
6. Funded Debt — The funded debt outstanding on June 30, 1901, consisted of $2,500,000 C. B.
U. P. Ry. 1st gold 4s of June 30, 1948, secured on the line from Atchison to Waterville, Kan., 100
miles; and $3,459,000 C. B. Ry. 1st gold 4s of Feb. 1, 1919, secured on the lines west of Waterville, Kan.,
288.19 miles. The C. B. Ry. bonds (1st 4s of 1919) are guaranteed by the Missouri Pacific Ry. Co., both
as to principal and interest, the guaranty being endorsed upon the bonds.
7. Directors (elected March 1, 1902).— C. G. Warner, St. Louis, Mo.; B. P. Waggener,
Jas. W. Orr, C. M. Rathburn Atchison, Kan.; Laurence Greer, H. B. Henson, C. E.
Satterlee, New York, N. Y.
C. G. WARNER, President , St. Louis, Mo.
H. B. Henson, Vice-President New York, N. Y.
Sec. & Treas.—A.. H. Calef New York, N. Y. | Asst. Sec. & Asst. Treas.—D. S. H. Smith, St.Louis. Mo.
PRINCIPAL OFFICES St. Louis, Mo. , and Atchison, Kan.
THE MISSOURI PACIFIC SYSTEM.— ST. LOUIS, IRON MOUNTAIN AND
SOUTHERN RY. CO.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
History 1
Investments, Statement of 9
Iron Mountain Car Trust, Dec. 31,
1901 11
Land Department 12
Leased Lines, Statements of 14
Mileage Operated 2
Resources and Their Application. 13
Rolling Stock 3
SecuritiesDeposited with Trustee,
Covered by Unifying and Re-
fund. Mtge 10
Capital Stock 7
Detailed Income & Surplus Acct. 5
Directors and Officers 15
Earnings, Expenses, etc 4
Funded Debt, Details of 8
Gen. Balance Sheet, Dec. 31, 1901 6
Gen. Income Account, Dec.31, 1901 4
1. History. — Consolidation, May 6, 1874, of the St. Louis and Iron Mountain RR. Co.,
the Arkansas Branch RR. Co., the Cairo and Fulton RR. Co. and the Cairo, Arkansas* and
Texas RR. Co. (See MANUAL for 1889, page 806.) The proprietary roads are practically
owned by the company, and are fully incorporated with its railroad. The company owns all
the securities of the Kansas and Arkansas Valley Ry. Co., 99.7 p. c. of the capitul stock of
the Little Rock and Fort Smith Ry. Co., and 89i p. c. of the capital stock of the Little Rock
POOR'S MANUAL — THE MISSOURI PACIFIC SYSTEM. 483
Junction Ry. Co. The securities of the Iron Mountain RR. Co. of Memphis are owned by
the Missouri Pacific Ry. Co.
The St. L., I. M. & S. Ry. Co. owns more than 99.9 p. c. of the capital stock and all the
bonds of the Arkansas and Louisiana Ry. Co., more than 99 p. c. of the capital stock of the
Arkansas Midland RR. Co., all the capital stock of the Little Rock, Hot Springs and Western
RR. Co., all the capital stock and all the bonds of the Mississippi River, Hamburg and
Western Ry. Co., and about 93 p. c. of the capital stock and 80 p. c. of the bonds of the New-
Orleans and Northwestern Ry. Co. The properties of those companies are operated separately
by their own organizations, and separate statements for them will be found elsewhere in tho
MANUAL (see GENERAL INDEX).
2. Mileage Operated, Dec. 31, 1901.— .4. LINES OWNED (total, 1,092.85 miles).
Main Line : St. Louis, Mo., to Texarkana, Ark 490.19 miles.
Fourth Street Spur : H. B. Connection to 4th St. Depot, St. Louis, Mo 0.30 "
Kirkwood Branch Connection : K. B. Conn, to Carondelet, Mo 0.39 "
Potosi Branch : Mineral Point to Potosi, Mo 3. 72 "
Belmont Branch : Bismarck to Belmont, Mo 120.30 "
Jackson Branch : Allenville to Jackson, Mo 16.31 "
Cairo Branch : Poplar Bluff to Birds Point, Mo 70.77 "
Doniphan Branch : Neeleyville to Doniphan, Mo 20.50 "
Helena Branch : Knobel to Helena, Ark 140. 14 "
White River Branch : Diaz to Cushman's Ark 39.39 "
Memphis Branch : Bald Knob, Ark. , to Memphis Bridge 88. 94 "
Camden Branch : Gurdon to Camden, Ark 33.65 "
Fort Smith Branch : State Line to Greenwood, Ark 17. 63 "
River Track : E. Conn, to Union Depot, Little Rock, Ark 1 .22 "
Ouachita Branch : Trippe Junction to Warren, Ark 49.40 "
B. PROPRIETARY ROADS — ENTIRE STOCK OWNED (total, 336.01 miles).
Camden and Alexandria Ry. : Camden to Eldorado, Ark 32 . 48 "
Little Rock, Miss. River & Texas Ry.: Little Rock to Arkansas City, Ark 113.05 "
Houston, Central Ark. & No. RR. : McGehee Jc., Ark., to T. & P. Ry. Jc., La. 190 48 "
(7. LINES LEASED FOR SPECIFIC RENTALS (total, 341.17 miles).
Kansas and Arkansas Valley Ry. (wee appended statement, Sec. 14) 170.64 "
Little Rock and Fort Smith Ry. (see appended statement, Sec. 14) 168.87 "
Little Rock Junction Ry.: Argenta Junction to E. Little Rock, Ark 0.59 "
Iron Mountain RR. of Memphis : Memphis, Tenn 1.07 "
D. JOINT TRACKAGE RIGHTS (total, 3.74 miles).
Memphis Bridge and Approaches 2.17 "
Texas and Pacific Ry : T. & P. Ry. Junction to Alexandria, La 0 18 "
Van Buren Bridge : St. L. & S. T. June, to Van Bu en June., Ark 1 .39 "
Total length of lines operated. Dec. 31, 1901 1,773.77 miles.
2d track, 10.27 m.; sidings (owned and proprietary, 474.81 m.; leased and trackage, 65.40 m.),
474.81 miles. Gauge, 4 ft. 8£ in. Rail (steel, owned, 1,888.11 m.; leased, 400.60 m.), 52 to
76 Ibs.
3. Rolling Stock, Dec. 31, 1901. — Locomotives, 285. Cars— passenger, 68 ; baggage,
mail, and express, 71; freight (box, 6,696; flat, 1,299; stock, 780; coal, 1,462; ore, 53 ;
granite, 54 ; refrigerator, 300 ; furniture, 633 ; caboose, 158), 11,435 ; service, 1,019 — total,
12,593. Of this equipment, 46 locomotives, 4,719 freight cars, and 4 service cars are held
under car trust (see details in Sec. 9).
4. General Income Account, year ending December 31, 1901.
EARNINGS. 1900 1901
Passenger $2,448,30150 $2,596,13102
Freight 11,014,59584 13,104,756 46
Mail 468,67482 473.420 92
Express 348,38410 398,3153H
Miscellaneous 301,08020 380,36719
Totals $14,581 ,036 46 $16,961 ,020 97
Totals per Mile 8,22036 9,50213
EXPENSES. 1900 1901
Conducting Transportation $3,622,06257 84,050,27261
Motive Power 2,378,29932 2,990.65544
Maintenance of Way 1,385,581 14 1,853,145 53
Maintenance of Cars 847,867 81 744,721 53
General Expenses 314,203 74 377,278 02
Totals $8,548,014 58 $10,016,073 13
Totals per Mile 4,81912 5,64677
Net earnings, 1901 (40.95 p. c.), $6,944,947.84 ; add receipts from interest and dividends,
$1,051,241.51 ; sundries, $11,331.09— total, net income, $8,007,520.44. Deductions: Interest
on bonds, $3,118,403.35 ; taxes, $301,000.19 ; rentals of leased roads, $210,495 ; sundry
charges, $245,974.61 ; dividend paid (6 p. c.), $1,547,283— total, $5,423,156.15. Surplus,
$2,584,364.29.
484
POOR'S MANUAL OP RAILROADS — SOUTHWESTERN GROUP.
5. Detailed Income and Surplus Account, year ending Dec. 81, 1901.
9 $
Net Earnings brought down .... 6,944,947 84
DIVIDENDS KKCKIVKD :
Am Uefri" Trans Co 30 194 76
ACCRUED INTEREST ON BONDS : $
Gen. Con. Ry. & L'd Gr. Mtg. 2,162,162 50
1st Preferred Income. . 2,65335
5 p. c. Gold Funding Notes.. 953,50000—3,118,31586
Add Adjustment of Fix' d
Charges Accrued Interest
prior to Jan. l,1901,onGen.
Con. Bonds issued in 1901. 87 60
TAXES: 3,118,4033!
Prior to 1901 188 934 59
Iron Mt. Cur Trust Certificates. 240 00
Int. on Gen. Con. Ry. and Land
Grant Mtge. Bonds held in
Treasury 2 100 00
Interest on 1st Mtge. Bonds,
Ark. & Louis. Ry. held in
Treasury 9,600 00
Int. on 2d Mtge. Inc. Bonds,
Texas and Pacific Ry., held
in Treasury 891,040 00
For Year 1901 112,06560— 301,00019
RENTALS, ACCT. LEASED ROADS :
Little Rock June. Ry 26,520 00
The Missouri Pacific Ry. Co. . 37 50
St. Louis & Miss. Valley Trans.
Co 100
Little Rock & Ft. Smith Ry. . 163,975 00
Iron M t. RR. of Memphis . . . 20,000 00— 210,495 00
SUNDRY AMOUNTS :
U.S. Gov. Ded. Ace. L'd Gr. 17,67168
Discount and Premium 25,713 75
Statistical Expense Acc'ts. . . 8,204 72
Baring Cross Bridge Expen. . 51,700 00
CAT Trust Expenses 13121196
Capital Stock and Bonds Ark.
& La. Ry 75,62052
Capital Stock and Bonds Miss.
River, Hamburg & West. Ry. 16,987 42
Capital Stock Ark. Midland RR. 25,42031— 1,051,241 51
SUNDKY AMOUNTS :
Unclaimed Wages, Coupons,
etc 6,86045
Subscriptions to Y. M. C. A.
Buildings. 9,25000
Amount paid account Little
Rock & Ft. Smith Coupon
Notes, in excess of Notes
on hand and transferred to
Trustee 2,222 50— 245,974 61
Interest and Exchange 4,47064— 11,33109
DIVIDEND No. 7, PAID :
Amt. paid on Capital Stock
exchanged for C;ip. Stock
of The Missouri Pacific
Railway Co 1544,01150
Amt. paid on Capital Stock
held by others 3,271 50—
Total Dividend paid 1,547,28300
Total Payments 5,423,156 15
Appropriation for Additional
Property, and Improvements
to Road and Equipment Year
1901 780,266 93 '
Appropriation to pay in part.
Improvements to Road and
Equipment Year 1902 750,000 00
Balance to Credit of Income
Account, Dec. 81, 1901 .. 5,128,26133
Total, Net Income . 8007,52044
Net Surplus for Year 1901 2,584,364 29
Balance of Income Account Jan. 1, 1901. . . . 4,074,163 97
6,658,528 26
6. General Balance Sh
$ S
Cost of Road, Equipment,etc. 72,190,027 52
United States Land Grants :
Value of Lands in Arkansas.. 1,260,445 40
Value of Lands in Missouri.. 12,615 93— 1,273,061 33
Inv'tm'ts in Stocks and Bonds 27,902,139 15
Expenditures Account Sur-
veys Projected Lines 318,286,12
6,658,528 26
eet, December 31, 1901.
Capital Stock : S 9
St. Louis, Iron Mountain
and Southern Ry 25,788,435 00
St. Louis and Iron Mt. RR. 500 00
Cairo, Ark. and Texas RR. 125 00
Cairo and Fulton RR. . .. 6,65000—25,795,71000
Funded Debt :
Funded Debt, (see Sec. 8). . .67,640,115 00
Gen. Con. Ry.& Land Grant
Mtge. Bond Scrip 882 36—67,640.997 36
Ark. Land Grunt Accounts :
Arkansas Trust Land Notes. 226,395 66
Taxes due from Purchasers. 1,17655
G. A. A. Deane. Land Com'r. 16,823 36
Cash in hands of Mer. Tr. Co. 10,27899— 254,67456
Mo. Land Grant Accounts :
Missouri Land Grant Notes.. 3,658 65
Taxes due from Purchasers. 8627— 3,74492
Casli in hands of Treasurer. . . 550,866 24
Sundry Accounts Collectible :
Due from Sundry Railroads
and Individuals 17,423 19
CarTrust .Obligations (Sec. 9) 1,741,00000
Interest Due and Accrued :
Due and uncalled for 34,433 15
Accrued but not Due 1,029,140 85 — 1,063,5~4 00
Accrued Rentals Guaranteed :
Little Rock June. Ry 6.705 00
Little Rock & Ft. Smith Ry. 84,56455— 91,26955
Accounts Payable :
Notes Payable, as p. st'm't. 268,518 28
Due to Sundry Railroad Com-
panies and Individuals .... 8,647 07— 277,165 35
Improvement Fund. 1<I02 750,000 00
Due to The Missouri Pacific
Ry. Co 353,711 13
Amounts Due :
From Little Rock Jet. Ry 6,376 15
Due from Little Rock & Ft.
Smith Ry 326,08954— 331,46569
Balance of Income Account Dec. 31, 1901 . 5,128,261 33
Total Assets 102 841 688 72
Total T.iiibilit.if>H . . . 102.841. 68S 72
7. Capital Stock — The authorized capital stock amounts to $£0,000,000, in $100 shares. T!
was issued during 1901 capital stock amounting to $675 in exchange for $900 of capital stock of the
Little Rock end Fort Smith Ry. Co. The Missouri Pacific Ry. Co. owns $25,733,790 of the outstanding
capital stock.
POOR'S MANUAL— THE MISSOURI PACIFIC SYSTEM.
485
8. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $67,640,115, as per
I balance sheet— consisted of the following issues (additional particulars will be found in the Ready
nee Bond List— see General Index):
i*i:s,lO7,OOO gen. consol. railway and land grant
i/o//l on of April 1, 1931, secured as a direct first
lu>n on all the property and franchises of the
com panj'. Additionally secured by deposit of the
capital stock of the Arkansas Midland RR. Co.
owned by this company (see Sec. 10). Bonds
numbered from 11,001 to 18,000, inclusive, are
guaranteed by the Missouri Pacific Ry. Co., both
as to principal and interest, the guaranty being
endorsed on the bonds.
.*{7,9O5 1st preferred income cumulative gold 7a of
April 1, 1914.
24,195,OOO unifying and refunding gold 48 of
July 1, 1929, secured on the entire property and
assets of the company, whether now owned or
acquired hereafter by issue of bonds secured by the
same mortgage, but subject to the lien of the
general consolidated railway and land grant mort-
gage on the property and franchises covered by
that mortgage. There are deposited with the
trustee of the mortgage as additional security for
the bonds issued thereunder securities of other
companies to the amount of $39,649,242.50, as
shown in detail in Sec. 11. The amount of bonds
authorized in the mortgage is $40,000,000; The
$15,805,000 of bonds unissued on Dec, 1901, were
reserved for the following purposes: $1,771,000 for
the acquisition (at the rate of $650 for every
$1,000) of the outstanding 2d mtge. bonds of the
Texas and Pacific Ry. ; $4,500,000 for the acquisi-
tion of $2,342,500 1st mtge. bonds and $3,020
coupon scrip of the Little Rock and Fort Smith
Ry., $435,000 1st consol. mtge. bonds of the Little
Rock Junction Ry., $200,000 1st mtge. bonds of
the Baring Cross Bridge Co. and $558,000 of Iron
Mountain car trust certificates; and $9,534,000 for
the construction -or acquisiti'on of extensions, this
lot to be issued at not exceeding the rate of
$12,000 per mile of such extensions.
9. Statement showing investments in stocks, bonds, and other^properties, Dec. 81, 1901 :
Securities Owned 'by the Company.
A — Deposited as security for unifying and refunding bonds (for details see Sec. 11) $39,649,242 50
B — Deposited as security for general consolidated and refunding railway and land grant bonds
(total cost to company, $666,464.87):
Capital Stock— Arkansas Midland RR. Co 1,490,700 00
Brinkley, Helena and Indian Bay RR 124,875 00
C— Held in the company's treasury (total par, $10,093,169.86; cost to company, $2,210,927.79):
Capital Stock— Little Rock and Fort Smith Ry. Co 11,20000
Little Rock Junction Ry. Co 80000
Little Rock, Mississippi River and Texas Ry. Co 1,576,200 00
Camden and Alexandria Ry. Co 324,800 00
The Missouri Pacific Ry. Co 1,500 00
Arkansas and Louisiana Ry. Co 300 00
Texas and Pacific Ry. Co 680,000 00
Exposition and Music Hall Association 5,000 00
Woodson Transportation Co 13,00000
American Refrigerator 'Transit Co 200 00
Little Rock and Hot Springs Western RR. Co 1,140,00000
Southern Illinois and Missouri Bridge Co. 10,000 00
Mississippi River, Hamburg and Western Ry. Co 70000
New Orleans and Northwestern Ry. Co 4,172,90000
Bonds — New Orleans and Northwestern Ry. Co 2,000,00000
Arkansas and Louisiana Ry. Co. (unissued) 144,00000
8t. L., I. M. & S. Ry. gen. con. railway and land grant bonds 7,00000
Scrip — St. L., I. M. & S. Ry. gen. con. railway and land grant 762 36
Wabash RR. 6 p. c. debenture "B" 58000
Car Trust Certificates — Iron Mountain Car Trust 4,000 00
Coupon Notes— Little Rock and Fort Smith Ry 22750
Securities Controlling Use of Joint Facilities.
Capital stock, Terminal RR. Association of St. Louis 205,600 00
Total par value .$51,563,587 36
Total cost to company $27,902,139 15
1O. — Exhibit of Investments in Capital Stock and Bonds owned by the St. Louis, Iron Mountain &
Southern Railway Co., and Deposited with Trustee, covered by Unifying and Refunding Mortgage of the
St. Louis, Iron Mountain & Southern Ry., Dividends and Interest on which accrue to the St. Louis, Iron
Mountain & Southern Ry. Co.
CAPITAL STOCK AND BONDS.
Date of
Bond.
Maturity of No. of Shares T,.., ,T .
Bond. or Bonds. Par Value-
Coupon Notes Little Rock & Ft. Smith Ry. Co
CapirM Stock— Kansas & Arkansas Valley Ry. Co....
Little Rock & Ft. Smith Ry. Co
Little Rock Junction Ry. Co
Arkansas & Louisiana Ry. Co
American Refrigerator Transit Co
St. Louis & Miss. Valley Transp. Co . .
Miss. River. Hamburg & West. Ry. Co .
Bond Miss. River, Hamb. & West. Ry. Co., 1st mtge. .
St. L., I. M. & So. Ry., General Consolidated...
Kan. & Ark. Valley Ry. Co., 1st Mtge
Ark. & Louisiana Ry. Co., 1st Mtge
Wabash RR., 6 p. c. Debentures
Texas & Pacific Ry. Co., 2d Mtge. Income
Nov. 1, 1897
Mch. 15, 1881
Julyl, 1887
Julyl, 1883
July, 1889
Feb. 1, 1888
Nov. 1, 1917
April 1, 1931
July 1, 1937
July 1, 1913
July, 1939
Dec. 1, 8000
17,054
44,814
3,562
5,114
2,851
14
3,993
400
35
3,412
240
5,435
22,276
$111,04250
1,705,400 00
4,481,40000
356,200 00
511,40000
285,100 00
1,400 00
399,300 00
400,000 00
35,000 00
3,412,000 00
240,000 00
5,435,000 00
22,276,000 00
Total par value. .
Cost to Company
§39,649,242 50
25,024,746 49
486 POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
11. Statement showing the condition of Iron Mountain Car Trust on Dec. 31, 1901 :
Series.
Date.
Original
Amount.
Amount
Paid.
Amount
Out-
standing.
Date of
Yearly
Pay-
ments.
EQUIPMENT COVERED BY CAB TRUST.
A
July 6, 1880
$
690,000
$
690,000
$
450 box, 250 stock, 200 platform and 8 passenger
Bl
Nov.23, 1880
148,000
148,000
cars, and 14 locomotives.
200 ore and 4 passenger cars, and 5 locomotives
B2
Junel4,issi
552,000
552,000
492 box and 100 refrigerator curs, and 11 locomotives
c
Au<; 23, 1881
211,260
211,260
308 box and 6 baggage cars.
D
Jnne 4, 18S!)
837,500
H37.5<»<j
1.500 box cars and 25 locomotives.
El
Nov. S!l, 188',)
109,800
109,800
200 furniture cars.
B2
Jan. 33, 1800
170,000
170,000
200 refrigerator cars.
F
Dec. 2, 1891
122,800
122,800
200 furniture cars.
G
HI
H2
Kl
K2
Mch. 1, 1802
Sept. 1, 1892
Oct. 30, 1895
Dec. 26, 1900
Feb. 1, 1901
1,407,100
264,000
83,250
1,256,262
700,880
1,282,100
240,000
51,250
256,262
140,880
125,000
at.iKKi
32,000
1,000,000
560,000
June 1
Sept. 1
Sept. 1
June 1
June 1
1,000 box, 500 coal & 500 stock cars, & 30 locomotives.
500 box cars.
10 locomotives.
5 cabooses, 2 steam shovels, 2 Lidgerwood unloaders,
500 flat, 250 furniture and 500 coal cars, and 36 lo-
comotives.
1,000 box care. ,
6,552,852
4,811,852
1,741,000
NOTE.— Series A to F inclusive are paid up and cancelled,
series are payable as follows :
The amounts outstanding on the remaining
Series G— 1 annual payment on Jane 1, 1902 $125,0001
Series HI— 1 annual payment on Sept. 1, 1902 24.0W (
Series H2— 4 annual payments on Sept. 1 of each year, 1902 to 1905, $8.000 each ; total 32,000 (
Series Kl— 8 an. paym'ts on June 1 of each y'r, 1902 to 1909 in., §125,000 each ; total. ..$1,000,000 00
Series K2— 8 an. paym'ts on June 1 of each y'r, 1902 to 1909 in., $70,000 each ; total.... 560,00000— 1,560,000 (
Total amount outstanding, Dec. 31, 1901 $1,741,000 1
12. Land Department. — The following table exhibits the business of the land department,
all divisions, during the year ending Dec. 31, 1901, and since the date of commencement :
ST. Louis, IRON MOUN-
TAIN & SOUTHERN RT.
Little Rock
and
Fort Smith
Ry.
Grand
Total.
Missouri
Division .
Arkansas
Division.
Total Number of Acres Originally Granted, Purchased, etc . . .
Number of Acres Unsold, Dec. 31, 1900
142,355.17
21,495.58
1,360,667.58
502,192.982
1,174.030
1,059,846.01
481,948.03
2,562,868.7*
1,005,636.592
1.174.030
12,741.876
Number of Acres Acquired under readjustment of Land
Grant, consummated by Patent in 1901
Number of Acres Acquired by Forfeitures, etc., in 1901
120.38
3,169.216
9,452.28
Total Number of Acres for Sale during 1901
21,615.96
14,048.388
7,567.572
$
232 +
32,698 64
35,702 05
98444
506,536.228
86,387.762
420,148.466
$
272 +
235,64207
193,921 72
98,720 94
491,400.31
33,209.76
458,190.55
9
294 +
97,681 32
99,871 34
47,079 86
1,01 9, 552. 49*
133.ti45.910
885,906.588
3
273 +
366,022 03
329,495 1 1
146,785 24
Number of Acres Sold during 1901
Number of Acres Unsold Dec. 31, 1901
Average Price per Acre during 1901
Total Amount of Sales during 1901
Cash Received during 1901
Notes Received during 1901
Total Receipts during 1901
36,686 49
3,14309
419,907 77
149,049 95
292,642 66
53,175 03
3,481,51051
1,736,55521
146,951 20
37,019 58
2,742,267 39
1,278,003 05
476.2SO 35
93,337 70
6,643,685 67
3,168,608 21
Expenses and Taxes during litOl
Gross Receipt? of Department since Commencement
Expenses and Taxes of Department since Commencement
Net Receipts of Department since Commencement
270,857 82
3,658 65
8627
1,744,95530
226,395 66
1,176 55
1,4<M,264 34
187,200 85
5,88570
3,480,077 48
417,255 16
7,14852
Notes Receivable Outstanding Dec. 31 , 1901
Taxes Due from Purchasers Outstanding Dec. 31, 1901
POOR'S MANUAL — THE MISSOURI PACIFIC SYSTEM.
487
13. Statement showing resources of the St. Louis, Iron Mountain and Southern Ry. Co.,
their application, year ending Dec. 31, 1901 :
Resources.
3 et Earnings as per Income Account $6,944,947 84
ellaneous Credits to Income Account: Dividends received, $1,051,241.51; Sundry amounts,
$11,881.09— Total 1,062,572 60
Increase in Liabilities during Year 1901: Capital Stock, $675; General Consolidated Railway
and Land Grant Mortgage Bonds, $752,000; Unifying and Refunding Mortgage Bonds,
$1,105,000; Interest due, not called for, $14,595; Interest Accrued, not due, $43,179; Car
Trust Obligations, $1,392,000; Due to Sundry Railroads and Individuals, $4,378.50;
Improvement Fund, 1902, $750,000— Total 4,061,827 50
Decrease in Assets during Year 1901: Value of Lands in Arkansas (account sales), $246,-
133.54; Value of Lands in Missouri (account sales), $30,229.15; Bills Receivable, $870;
Missouri Land Grant Accounts, $2,895.01; Unifying and Refunding Bonds in Treasury,
$606,000— Total 886,127 70
Total $12,955,475 64
Application of Resources.
I Miscellaneous Charges to Income Account: Interest Accrued on Bonds, $3,118,315.85; Taxee,
$301,000.19; Rentals, Account Leased Lines, $210,495; Sundry Amounts, $246,062.11; Appro-
priation for Additional Property, and Improvements to Road and Equipment Year 1901,
$780,266.93; Appropriation to pay in part Improvements to Road and Equipment 1902,
$750,000; Dividends Paid, $1,547,283— Total $6,953,423 08
Increase in Assets during Year 1901: Additions to Property, as per Statement, $2,608,134.79;
Expenditures Account Construction and Projected Lines, $247,847.54; Investments, $2,769,-
312.66; Cash, $108,823.72; Arkansas Land Grant Accounts, $43,634.94; Due from Sundry
Railroads and Individuals, $10,533.71; Due from Little Rock & Ft. Smith Ry. Co., $780.33
Total $5,789,067.69
Decrease in Liabilities during Year 1901: First Preferred Income Bonds, $6,300; General Con-
solidated Railway and Land Grant Mortgage Bond Scrip. $259; Accrued Rentals Guar-
anteed, $5,972.50; Notes Payable (Equipment Notes), $142,576.08; The Missouri Pacific
Railway Co., Current Account, $57,877.29— Total 212,984 87
Total $12,955,475 64
14. RAILROADS LEASED BT THE ST. Louis, IRON MOUNTAIN AND SOUTHERN RY. Co.
1; baggage and mail, 2; freight (box, 97; stock, 13;
coal, 43; flat, 32; granite, 22), 207; cinder, 5;
caboose, 7; road service, 70 — total, 302.
Iron Mountain RR. of Memphis. — East
Connection of Memphis Bridge to Memphis, 0.49 m.,
and to K. C., F. S. & M. Connection, 0.58 m. —
total, 1.07 m.; total track (steel, 1.07 m.), 7.96
miles. Rail, 56 and 60 Ibs. Chartered Aug. 31,
1880; road opened in May, 1888. Operated under
lease since date of completion by St. L., I. M. &
S. Ry. Co.; rental, interest on bonds. Capital
stock, $700; funded debt (1st 6s of Nov. 10", 1908),
$500,000 — total, representing cost of road, $500,700.
Both the stock and the bonds are owned by the
Missouri Pacific Ry. Co. ' George J. Gould, Pres.,
New York, N. Y.; F. W. Irland, Sec. & Treas., St.
Louis, Mo. Office, Memphis, Tenn.
Kansas and Arkansas Valley Ry. — Cof-
feyville to Van Buren June., Ark., 164.63 m.; West-
ern Connection, Coffeyville, Kan., 0.20 m.; Cherokee
June., I. T., to Ft. Smith Branch Connection, Ark.
State Line, 5.49 m.; Eastern Connection, Cherokee
June., 0.18 m.; connection, L. R. & F. S. Ry., 0.14
m. — total, 170.64 m. ; total track (steel; 56, 60, and 63
Ins.), 198.13 miles. Chartered under laws of Arkan-
sas, Nov. 27, 1885. Construction begun In 1887 and
road opened to Wagoner, I. T., Aug. 13, 1888; to
Coffeyville, Kan., Nov. 21, 1889. Leased to the St.
L., I. M. & So. Ry. Co. for 50 years from Jan. 1,
1890; rental, interest on bonds. Capital stock. $1.-
706,400; funded debt (1st 5s of Jan. 1, 1937), $3,-
412,000 — total, representing cost of road and equip-
ment, $5,118,400. The St. L., I. M. & S. Ry. Co.
owns all the bonds and practically all of the capital
stock. George J. Gould, Pres., New York, N. Y. ;
C. G. Warner, Vice-Pres., St. Louis, Mo.; A. H.
Calef, Sec. & Treas., New York, N. Y. ; Francis
Johnson. Asst. Sec. & Asst. Treas., Little Rock,
Ark. Office. Little Rock, Ark.
Little Rock; and Fort Smith Ry.— Ar-
genta June, to Fort Smith, Ark., 163.19 m. ; Coal
Hill June, to Lloyds, Ark., 5.26 m. ; Onita June.,
Ark., to coal mines, 0.42 m.— total, 168.87 m.;
total track (steel; 52 to 6."? Ibs), 201.76 miles. The
Little Rock and Fort Smith RR. was sold in Dec.,
1874. and the company reorganized under present
title, June 12, 1875. Road completed in 1876.
Leased for 50 years -from Jan. 1, 1890, to the St.
Louis, Iron Mountain and So. Ry. Co. ; rental, Inter-
est on bonds. For returns of land department, see
Sec. 12 of lessee's statement. Locomotives, 12.
Cars — passenger, 9; coach and baggage, 1; baggage,
General Balance Sheet, December 31, 1901.
Construction, Equipment, etc..c $7,703,23443
Stocks and Bonds 117,873 82
Cash and all Other Assets 304,690 84
Total Assets $8,125,699 09
Capital Stock ($100 shares) $4,505,308 08
1st Mtge. Bonds and Scrip 2,455,392 25
Unfunded Debt 411,650 49
Profit and Loss 763,347 77
Total Liabilities .$8,125,699 09
Funded debt outstanding consists of $2.342,600
(auth., $3,000,000) 1st 7s of Jan. 1, 1905, and $227.25
of fractional scrip. The St. L., I. M. & S. Ry. Co.
owns $4,492,600 of the capital stock. George J.
Gould, Pres., New York, N. Y. ; C. G. Warner, Vice-
Pres., St. Louis, Mo.; A. H. Calef, Sec. & Treas.,
New York, N. Y. ; Francis Johnson, Asst. Sec. &
Asst. Treas., Little Rock, Ark. OflSce, Little Rock,
Ark.
Little Rock Junction Ry.— Argenta June, to
E. Conn., East Little Rock, Ark., 0.59 m. ; total track
(steel; 56 and 63 Ibs.), 1.07 miles. This road, which
includes a bridge over the Arkansas River at Little
Rock, is used as a connecting link between the
Little Rock and Fort Smith and St. Louis, Iron
Mountain and Southern Rys. Chartered May 14,
1S84; road opened Dec. 9, 1884. Leased for 50
years from Jan. 1, 1890, to the St. L., I. M. & So.
Ry. Co. The company owns no rolling stock.
Rental, year ending Dec. 31. 1901, $26.520. Pay-
ments: Interest on bonds, $26,100; other deduc-
tions. $420— total, $26.520. Balance Sheet, Dec. 31,
J901. — Capital stock ($100 shares), $400,000; funded
debt (1st consol. 6s of April 1, 1916), $435,000;
unfunded debt. $12,081; profit and loss, $23,322 —
total, $870,403. Contra: Cost of road, $863,698;
other assets, $6,705— total, $870,403. The St. L..
I. M. & S. Ry. Co. owns $357,000 of the capital
stock. George J. Gould, Pres., New York, N. Y.;
C. G. Warner, Vice-Pres., St. Louis, Mo.; A. H.
Oalef, Sec. & Treas., New York, N. Y. ; Francis
Johnson, Asst. Sec. & Asst. Trees., Little Rock,
Ark. Office, Little Rock, Ark.
488 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
15. Board of Directors, St. Louis, Iron Mountain & Southern Ey. Co., elected March 11, 1902.
George J. Gould . .New York, N. Y.
John T.Terry
Frank Jay Gould . . "
B. M.Gallaway....
Russell Sage New York, N. Y.
Henry Whelen, Jr.. Philadelphia, Pa.
Thos. T. Eckert. . .New York, N. Y.
Howard Gould ....
Jas.De Wolf Cutting. NewYork,N.Y
C. G. Warner St. Louis, Mo.
W. H. Thompson .... '
Russell Harding " "
G. C. W. Lowrey New York, N. Y.
GEORGE J. GOULD, President 195 Broadway, New York, N. Y.
Frank Jay Gould, 1st Vice- President " "
C. G. Warner, 2d Vice- President St. Louis, Mo.
Russell Harding, 3$ Vice-President & Gen. Manager "
See. A Treas.— A.. H. Calef New York.N. Y. I Local Treasurer— T>. 8. H. Smith St. Louis, Mo.
Qen. Aud.—S. B. Schuyler St. Louis, Mo. | Gen. Solicitor— Alexander G. Cochran. . .
PRINCIPAL OFFICE AND ADDRESS St. Louis, Mo.
MISSOURI PACIFIC SYSTEM. — Controlled railroads, operated separately by
their own organizations.
ARKANSAS CENTRAL RR.— Fort Smith to Paris, Ark., 46.5 miles. Gauge, 4ft. 8*
in. Rail (steel), 60 Ibs. Chartered April 29, 1897 ; road opened to Charleston early in 1898;
extension to Paris, 18 miles, opened May 1, 1900. Receiver appointed Dec. 29, 1898 ; com-
pany reorganized Feb. 9, 1899. The Missouri Pacific Ry. Co. owna $593,800 capital stock
and $770,000 1st mtge. bonds of this company. No further information obtainable. C. E.
RATCLIFF, Pres., Fort Smith, Ark. ; other officers not known.
ARKANSAS AND LOUISIANA RY.— Nashville to Hope,Ark., 25.54 m. ; total track (steel,
27.38m.), 27. 44 miles. Gauge, 4 ft. 8i in. Rail, 56 and 60 Ibs. Successor, Oct., 1881, to the
Washington and Hope Ry. Co. (see MANUAL for 1891, page 10). Controlled by the St. Louis,
Iron Mountain and Southern Ry. Co., through ownership of $511,700 (out of a total of $512,-
000) of the capital stock. Locomotives, 2 ; passenger cars, 2.
Operations, year ending Dec. 31, 1901. — Trains run (mixed), 34,350 miles. Passengers
carried, 18,591 ; carried ono mile, 270,545 ; average mile rate, 5.65 cents. Tons freight
moved, 23,810 ; moved one mile, 537,080 ; average ton mile rate, 9.07 cents.
EARNINGS. 1900 1901
Passenger $13,579 06 $15,277 06
Freight 44,03823 48,69146
Mail and Express 5,52682 5,61246
Miscellaneous 3,25764 2,42694
Totals $66,401 75 $72.007 92
Totals per Mile 2,59991 2,81942
EXPENSES. 1900 1901
Conducting Transportation $9,92030 $15,433 54
Maint. of Way ana Structures 6,536 82 10,195 27
Maintenance of Equipment 10,289 78 1,594 43
General Expenses 4,047 27 2,401 C2
Totals $30,794 17 $29,624 86
Totals per Mile 1,20572 1,15994
Net earnings, 1901 (53.62 p. c.), $42,383.06. Payments: Interest on bonds, $19,200;
taxes, $1,963,73 ; dividends, $56,420.52; other deductions, $75.92— total, $77,660.17. Deficit,
$35,277.11.
General Balance Sheet, Dec. 31, 1901.— Capital stock ($100 shares), $512,000 ; funded
debt (1st 5s of July 1, 1913 ; auth., $1,800,000), $384,000— total, representing cost of road and
equipment, $896,000.
Directors (elected Jan. 27, 1902).— C. G. Warner, E. G. Merriam, St. Louis, Mo.; George
E. Dodge, Little Rock, Ark.; A. H. Carrigan, J. J. Thomas, Washington, Ark. GEORGE E.
DODGE, Pres., Little Rock, Ark. ; E. G. Merriam, Vice-Pres., St. Louis, Mo. ; A. H. Calef,
Treas., New York, N. Y. ; F. W. Irland, Sec.; D. S. H. Smith, Asst. Treas., St. Louis, Mo. ;
C. E. Ratcliff, Atst. Sec., Washington, Ark. PRINCIPAL OFFICE AND ADDBESS, Washing-
ton, Ark.
ARKANSAS MIDLAND RR.— Helena to Clarendon, Ark., 47 m. ; total track, 50.21
miles. Gauge, 4 ft. 8-J- in. Rail (mostly steel), 52 and 56 Ibs. Chartered Jan. 20, 1855, but
built no road, the breaking out of the civil war stopping all efforts at construction. The linn
as above opened in 1872, was built by the Arkansas Central Ry. Co., chartered in 1871. Sold
under foreclosure in July, 1877, and in 1879 conveyed to this company. Locomotives, 6.
Cars — passenger, 5; baggage, etc., 1 ; freight (box, 50 ; flat, 14), 64 ; service, 1 — total, 71.
Operations, 6 months ending Dec. 31, 1901. — Trains run (passenger, 15,290 ; freight,
15,582), 30,872 miles. Passengers carried, 21,875 ; carried one mile, 407,722. Tons freight
moved, 33,222 ; ton-miles, 930,888. Earnings (passenger, $14,432; freight, $36,376; other,
$7,090), 57,898. Operating expenses, $26,543. Net earnings, $31,355. Charges : Interest
on bonds, $5.280 ; dividends, $26,075— total, $31,355.
General Balance Sheet, Dec. 31, 1901.— Capital stock, ($100 shares), $1,500,000; funded
debt (1st gold 6s of July 20, 1911 ; auth., $516,000), $176,000; interest accrued, not due,
$5,280— total, $1,681,280. Contra : Cost of road and equipment, $1,676,000 ; current assets,
POOR'S MANUAL— THE MISSOURI PACIFIC SYSTEM. 489
|MJ,880— total, $1,681,280. The St. L., I. M. & S. Ry. Co. owns $1,490,700 of the capital
tock of this company.
Directors (elected July 12, 1901).— George J. Gould, New York, N. Y. ; C. GK Warner,
lussell Harding, St. Louis, Mo.: George E. Dodge, Francis Johnson, Little Rock, Ark. ;
<>lm J. Homer, Leon Berton, S. C. Moore, E. S. Ready, Helena, Ark. OFFICERS : GEORGE
i. UOULD, Pres. New York, N. Y. ; C. Q. Warner, Vice-Pres., St. Louis, Mo. ; A. H. Calef,
Treas., New York, N. Y. ; E. G. Merriam, Sec., St. Louis, Mo. GENERAL OFFICE, Helena,
\.rk. «•
BRISK LEY, HELENA AND INDIAN BAY RR.— A statement for this road will be
;ound elsewhere in the MANUAL — see GP^NERAL INDEX. See also statement for Arkansas
ISlidland RR. in the MANUAL for 1901, page 536.
LITTLE ROCK AND HOT SPRINGS WESTERN RR.— Hot Springs to Junction, Ark.,
•3.3:-) m.; trackage: Choctiiw, Oklahoma and Gulf RR. Junction to Little Rock, Ark.,
b.47 m. — total operated, 56.80 miles. Sidings, etc., 6.70 miles. Gauge, 4 ft. 8£ in. Rail
steel), 65 Ibs. Chartered July 17, 1899, as successor to the Little Rock, Hot Springs and
Texas Ry. Co. (see MANUAL for 1899, page 606). The road was opened as above April 9,
1900. Controlled by the St. L., I. M. & S. Ry. Co., through ownership of entire capital
stock. Locomotives, 5. Cars (passenger, 7; baggage, etc., 3; freight (box, 40; flat, 21';
;oul, 25), 88 — total, 98. Of this equipment, 7 passenger and 3 baggage, etc., cars are held
! under car trusts.
Operations, year ending June 30, 1901. — Trains run (passenger, 93,374; freight, 36,645 ;
Dther, 8,510), 142,529 miles. Passengers carried, 67,169 ; carried one mile, 2,959,991. Tons
[freight moved, 46,547; ton-miles, 1,377,880. Earnings (passenger, $84,726 ; freight, $69,795;
Sother, $3,6-22), $158,143. Operating expenses, $117,913. Net earnings, $40,230. Payments :
(Interest on bonds, $45,600; taxes, $7,145; other charges, $1,104 — total, $53,849. Deficit,
!i$13,619 ; surp'us forward, $8,831 ; net deficit, $4,788.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $1,140,000 ; funded
Jdebt (1st gold 4s of July 1, 1939, int. J. & J.), $1.140,000 ; equipment trust notes, $27,581 ;
current liabilities, $18,276; interest accrued, $22,800 ; accrued taxes, $3,572 ; other liabilities,
;$37, 795— total, $2,390,024. Contra : Cost of road and equipment, $2,280,000 ; materials, etc.,
i$7,734; cash and current assets, $54,512; other assets, $42,990; profit and loss, $4,788—
total, $2,390,024.
Directors (elected March 18, 1901).— S. W. Fordyce, W. C. Fordyce, J. C. Van Blarcom,
St. Louis, Mo.; John G. Lonsdale, Hot Springs, Ark.; Allen N. Johnson, Little Rock, Ark.;
OFFICERS: W. C. FORDYCE, Pres. & Treas., St. Louis, Mo.; John G. Lonsdale, Vice-Pres.,
(Hot Springs, Ark.; W. S. Mitchell, Sec., Little Rock, Ark.; H. E. Martin, Aud.,~SLoi Springs,
Ark. GENERAL OFFICE, Hot Springs, Ark.
MISSISSIPPI RIYER, HAMBURG AND WESTERN RY.— Projected : Luna to Tex-
arkana, Ark., 175 miles. Completed: Hamburg to Luna, Ark., 39 m. ; total track (steel;
60 Ibs.), 405 miles. Gauge, 4 ft. 8£ in. Chartered June 18, 1897 ; road opened from Ham-
bur? to Montrose, 20 m., Oct. 1, 1898 ; from Montrose to Luna, 19 m., July 1, 1899. The
company is reported to have a State land grant of 1,000 acres per mile for the line through
Ashley and Chicot Counties. Controlled by the St. L., I. M. & S. Ry. Co. through owner-
ship of all the stock and all the bonds. Operated separately by its own organization. Loco-
motives, 3. Cars — passenger, 3 ; freight (box, 5 ; flat, 15), 20 — total, 23.
Operations, 6 months ending Dec. 31, 1901. — Trains run (mixed), 14,236 miles. Pas-
sengers carried, 10,930 ; carried one mile, 146,931. Tons freight moved. 22,515 ; ton-miles,
354,138. Earnings (passenger, $7,768 ; freight. $24,929 ; other, $3,599), $36,296. Operating
expenses, $21,539. Net earnings, $14,757. Deduct interest on bonds, $16,987. Deficit,
$2 230. Surplus from June 80, 1901, $2,230.
General Balance Sheet, Dec. 31, 1901.— Capital stock ($100 shares), $400,000 ; funded
debt (1st gold 5s of Nov. 1, 1917 ; auth., $10,000 per mile), $400,000; current liabilities, $500
—total, $800, 500. Contra : Cost of road and equipment, $800,000; current assets, $500 — total,
$800,500.
Directors (elected June 14, 1901).— C. G. Warner, Russell Harding, F. W. Irland, St.
Louis, Mo. ; George E. Dodge, Little Rock, Ark. ; Richard M. Gaines, Baldy Vinson, Lake
Village, Ark. OFFICERS : C. G. WARNER, Pres.; Russell Harding, Vice-Pres. & Gen. Mgr.;
E. G. Merriam, Sec., St. Louis, Mo. ; A. H. Calef, Treas., New York, N. Y. GENERAL
OFFICE, Hamburg, Ark.
NEW ORLEANS AND NORTHWESTERN RY,— Natchez, Miss. , to Bastrop, La., 101.57
m. ; total track (steel ; 56 and 60 Ibs.), 109.93 miles. Gauge, 4ft. 8$ in. Chartered Dec. 27,
1887; road completed as above in May, 1894. Receiver appointed Aug. 28, 1891 (see MANUAL
for 1893). On Feb. 22, 1898, the property was restored to the company under an order of
Court, but was again placed in the hands of a receiver on Aug. 2, 1901. Controlled by the
St. L., I. M. & S. Ry. Co. through ownership of about 93 p. c. of the capital stock and 80 p. c.
490 POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
of the bonds. Locomotives, 8. Cars — passenger, 3; baggage, etc., 2; freight (box, 46; stock,
8 ; flat, 97 ; coal, 10), 161 ; caboose, 2 — total, 168. Operations not reported for year ending
Dec. 31, 1901. Capital stock ($15,000,000 auth. ; $100 shares), $4,500,000 ; funded debt, $2*
500,000 — total, $7,000,000. No further information obtainable (seo MANUAL for 1901 pace
1503).
Directors. — Not reported. OFFICEHS : C. E. RATCLIFF, Receiver, Fort Smith, Ark. ;
GEORGE J. GOULD, Pres., New York, N. Y.; C. G. Warner, \ntVice-Pres.; Russell Hardinp,
2d Vice-Pres. & Gen. Mgr., St. Louis, Mo. ; J. N. Luce, Gen. Counsel, New Orleans, La. ; j!
W. Lambert, Sec., Natchez, Miss. ; D. S. H. Smith, Treas. ; E. G. Merriam, A»st. Sec
B. Schuyler, Gen. And., St. Louis, Mo. GENERAL OFFICES, Natchez, Miss.
NEW MEXICO RAILWAY AND COAL COMPANY.
(For map of this system, see page 491.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTION-
Capital Stock, Dividend Rights . . 8
Controlled Roads, Interests in. . . 3
Dawson Ry. & Coal Co 4
Directors and Officers 13
Earnings, Expenses, etc 6
Fundfd Debt, Details of. ..... 9
Gen. Balance Sheet, Dec. 31, 1901. 7
Guaranteed Bonds 11
History 2
Mileage Operated 1
New 1st Consol. Mtge. Bonds 10
Operations
Roll in!,' Stock 5
Subsidiary Lines, Statements for. 12
1. Mileage Operated, Feb. 1, 1902.— A LINES OWNED (total, 164.32 miles).
El Paso and ifortheastern RE.: El Paso, Tex., to New Mexico Line 19.32 miles.
El Paso and Northeastern Ry. : Texas Line to Capitan, N. M 145.00
B. LINES CONTROLLED (total, 157.50 miles).
Alamogordo and Sacramento Mountain Ry. (see subjoined statement) 27.50 "
El Paso and Rock Island Ry. : Carrizosa to Santa Rosa, N. M 130.00 "
Total length of lines in operation, Feb. 1, 1902 321.82 miles.
Sidings, etc. (owned, 82.05 m. ; controlled, 11.66 m.), 43.71 miles. Gauge, 4 ft. 8£ in. Kail
(steel), 60 and 70 Ibs.
2. History.— Chartered May 5, 1897, and on June 23, 1897, acquired all the capital stock
and all the 1st mortgage bonds of the New Mexico Fuel Co. Under agreements executed Oct.
21, 1897, and Dec. 1, 1897, the company constructed and equipped the road from El Paso, Tex.,
to the coal fields at Capitan, N. M., 164.32 miles, receiving in consideration of such construc-
tion and equipment all the capital stock aud all the 1st mortgage bonds of the El Paso and
Northeastern Ry. Co. and all the capital stock (no bonds issued) of the El Paso and North-
eastern RR. Co. To meet the cost of the work, and to provide funds for building and equip-
ping the mines of the New Mexico Fuel Co., at Capitan, the company issued its 1st mortgage
bonds to the amount of $3,000,000, secured by deed of trust of all the securities of the El
Paso and Northeastern RR. Co., El Paso and Northeastern Ry. Co., and New Mexico Fuel
Co. The work of contruction was commenced in Dec., 1897, and the railroad was completed
from El Paso, Tex., to Alamogordo, N. M., 86 miles, in July, 1898. The extension from
Alamogordo to Capitan, and the mines at Capitan, were completed and opened for business
on Oct. 1, 1899.
3. Controlled Roads. — The company owns all the capital stock of the Alamogordo and
Sacramento Mountain Ry. Co., and 60 p. c. of the capital stock of the El Paso and Rock
Island Ry. Co., and guarantees the bonds of those companies, both as to principal and interest.
The railroads of both companies were constructed by the New Mexico Ry. and Coal Co.,
under agreements providing that in consideration of such construction it should receive, in
the case of the Alamogordo and Sacramento Mountain Ry., all the capital stock of the road
and bonds at the rate of $12,000 per mile, and in the case of the El Paso and Rock Island Ry.
Co., all the capital stock and all the bonds. The company sold the bonds of both roads, and
gave to the purchasers of the El Paso and Rock Island bonds a bonus of 40 p. c. in the capital
stock of the same road. The Alamogordo and Sacramento Mountain Ry. extends from Ala-
mogordo, N. M., to the summit of the Sacramento Mountains. It was completed in Nov.,
1898. The El Paso and Rock Island Ry. was completed Feb. 1, 1902. It connects at Santa
Rosa with the Chicago, Rock Island and El Paso Ry. , an extension of the Chicago, Rock
Island and Pacific System, and completes a through line from El Paso to Kansas City and
Chicago. An agreement has been made between the New Mexico Ry. and Coal Co. and the
491
492
POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
Chicago, "Rock Island and Pacific Ry. Co. for an interchange of traffic, on an equitable mileage
basis, for the period of 999 years.
4. Dawson Ry. and Coal Co. — This company was organized in June, 1901, with a capital
stock of $3,000,000 and an issue of $3,000,000 1st mortgage bonds, to acquire (through its
subordinate companies, tho Dawson Ry. Co. and the Dawsou Fuel Co.) about 25,000 acres of
coal lands near Dawson, N. M., and to build a railroad therefrom to a point on the Chicago,
Rock Island and El Paso Ry., near Liberty, N. M., a distance of about 135 miles. The New
Mexico Ry. and Coal Co. made an agreement with the Dawson Ry. and Coal Co. to open and
equip the mines, build and equip the railroad, and to guarantee payment of the principal and
interest of the Dawson Ry. and Coal Co.'s bonds, in consideration of receiving all the stock
and bonds of tho Dawson Ry. and Coal Co. The bonds have been sold, with a bonus to the
purchasers of 49 p. c. in the capital stock, the other 51 p. c. of the capital stock remaining in
the treasury of the New Mexico Ry. and Coal Co. The coal lands have been paid for in full,
and the mines placed in condition for working. The construction of the railroad is in pro-
gross, and is expected to be completed by Nov. 1, 1902. An equitable traffic agreement was
concluded Oct. 1, 1901, between the New Mexico Ry. and Coal Co. and tho Chicago, Rock
Island and Pacific Ry. Co., covering the interchange of traffic between the railroads.
5. Rolling Stock, Feb. 1, 1902. — Locomotives, 27. Cars — passenger, 8 ; excursion, 4 ;
freight (box, 75; flat, 25; coal, 295; caboose, 8; tank, 13), 416— total, 428. In addition to this
equipment the company was having built 21 locomotives, 4 passenger coaches, 3 combinatiou
cars, 300 coal cars, 40 box cars, 10 water cars, and 10 cabooses.
6» Operations. — As the New Mexico Ry. and Coal Co. owns outright all the stocks and
bonds of the El Paso and Northeastern RR. Co., El Paso and Northeastern Ry. Co., and New
Mexico Fuel Co., it is entitled to and receives all the net earnings of those companies. The
following statement shows the results from operation for three fiscal years ending Dec. 31 :
1899
1900
1901
Total.
Gross Earnings, Subordinate Companies 166,10168 617,73450 810,67905 1,594,51523
Expenses and Taxes, Subordinate Companies 76,14200 293,99393 403,09719 772,23312
Net Earnings, N. M. Ry. & Coal Co... 89,959 68 324,740 57 407.581 86 822,283 11
Interest and Taxes, N. M. Ry. & Coal Co 73,57500 136,58932 158,33139 368,48571
Net Profits to Credit of Income 16,884 68 188,151 25 249,260 47 453,796 40
7, General Balance Sheet, December 31, 1901.
Stocks and Bonds Owned :
El Paso and Northeastern Ry.— Common Stock §2,700.000
1st Mtge. Bonds 2,700,000
El Paso and Northeastern RR.— Common Stock 300,000-85,700,000. . . .Cost $3,112,250 43
New Mexico Fuel Co.— Common Stock 2,500,000
1st Mtge. Bonds 1,500,000— 4,000,000. .. .Cost 4,358,14247
Alamogordo and Sacramento Mountain Ry.— Common Stock 900,000 Cost 251,911 56
A. Lumber Co.— Stock 25,000 ... Cost 25,00000
Dne from Subordinate Companies 176,445 49
El Paso and Rock Island Ry. (Construction) 2,198.l»61 1 1
Dawson Ry. & Coal Co. (Construction) 786,071 50
Sundry Accounts Receivable 12.580 69
Cash 362.643 5r>
Total Assets §11,281.008 83
Common Stock ($100 shares) $3.000,000 00
Preferred Stock ($100 shares) 1,000,000 00
Funded Debt, 1st Mtge. Bonds 3,000.000 00
Interest Accrued, 1st Mtge. Bonds 37,500 00
El Paso and Rock Island Bond Account 2,200,000 00
Dawson Ry. and Coal Co. Bond Account 900,000 00
Accounts Payable 223,009 95
* Notes Payable 466.70248
Income Account (Net profit to Dec. 31, 1901) 453. 796 40
Total Liabilities $11,281,008 83
* Included in this item are Equipment Trust notes amounting to $354,561.89 maturing as follows: —
1902, $115,632.17; 1903, $90,713.52; 1904, $79,300.96; 1905-6-7, $22,238.16 each year; 1908, $2,200.76.
8. Capital Stock.— The preferred stock has priority over the common stock for dividends at the
rate of 5 p. c. per annum, non-cumulative.
POOR'S MANUAL— NEW MEXICO RY. AND COAL CO. SYSTEM.
493
9. Funded Debt.— The funded debt outstanding on Dec. 31, 1901, consisted of $3,000,000 1st mtge.
col lateral trust 5 p. c. 50-yr. gold bonds of Oct. 1, 1947, secured by deposit in trust of the following stocks
uiiil bonds, being all the securities of the companies named: $2,700,000 capital stock and $2,700,000 1st mtge.
^f the El Paso and Northeastern Ry. Co.; $300,000 capital stock of the El Paso and Northeastern RR.
•',500,000 capital stock and $1,500,000 1st mtge. bonds of the New Mexico Fuel Co.; total par value,
$9,700,000. These securities are owned absolutely by the New Mexico Ry. and Coal Co., and are held by
tin' trustee subject to the terms of the mortgage. It is provided that the coupons of the deposited
-hall be detached and cancelled as fast as they mature unless the New Mexico Ry. and Coal Co.
shall be in default in payment of the semi-annual interest on its bonds.
10. New 1st Consol. Mtge. and Collateral Trust Bonds. — Under date of Oct. 1, 1901, the
company issued $5,000,000 of 5 p. c. 50-yr. gold bonds, secured by a mortgage or deed of trust covering the
following stocks and bonds owned by the company: $2,700,000 capital stock and $2,700,000 1st mtge. bonds
of tlu> HI Paso and Northeastern Ry. Co.; $300,000 capital stock of the El Paso and Northeastern RR. Co.;
,'KX) capital stock and $1,500,000 1st mtge. bonds of the New Mexico Fuel Co.; $900,000 capital
stock of the Alamogordo and Sacramento Mountain Ry. Co. ; $1,500,000, being 60 p. c. of the capital stock
of the El Paso and Rock Island Ry. Co., and $1,530,000, being 51 p. c., of the capital stock of the Dawson
Ry. and Coat Co. Total par value of deposited securities, $13,630,000; amount thereof already deposited
unity for the 1st mtge. collateral trust bonds (see preceding paragraph), $9,700,000. Of the new
bonds, $3,000,000 are reserved in the hands of the trustee for the purpose of exchange at par, with interest
adjusted, for the $3,000,000 1st mtge. collateral trust bonds, and $2,000,000 are to be sold as required for
the improvement and equipment of the properties owned by the company.
11. Guaranteed Bonds. — The New Mexico Ry. and Coal Co. guarantees, both as to principal and
interest, $322,000 ($900,000 auth.) 1st mtge. 5 p. c. bonds of the Alamogordo and Sacramento Mountain
Ry. Co., $2,500,000 1st mtge. 5 p. c. bonds of the El Paso and Rock Island Ry. Co., and $3,000,00(1 1st
mtge. 5 p. c. bonds of the Dawson Ry. and Coal Co.
12. RAILROADS OWNED BY THE N. M. RY. & COAL Co.
El Paso and Northeastern RR.— El Paso,
Tex., to the Texas State line, 19.32 m. ; El Paso to
river terminals, 3.7 m. ; spur to smelter, 0.78 m. —
total. 23.8 m. ; total track (steel; 60 and 70 IDS.),
29.47 miles. Gauge, 4 ft. 8J In. Chartered June
12, 1S96; built by the Now Mexico Ry. and Coal Co.
The entire capital stock ($300.000) is owned by that
company and deposited under its collateral trust
mortgage. Charles B. Eddy, Pres., Alamogordo,
X. M.; John Franklin, Vice-Pres., Sec. & Treas. ;
C. M. Shelby, Sunt. & Aud., El Paso, Tex. General
Office, El Paso, Tex.
El Paso and Northeastern Ry.— Tex. State
Line to Capitan, N. M., 144.88 m. ; total track
(steel; 60 and 70 Ibs.), 166.58 miles. Gauge, 4 ft.
8i In. Chartered Oct. 21, 1897, for 50 years. Road
completed to the coal fields at Capitan, N. M., Oct.
1, 1899, and the mining of coal commenced in that
month. Capital stock ($100 shares), $2,700,000;
funded debt (1st mtge. bonds), $2,700,000 — total
stock and bonds, $5,400,000. All these securities
are owned by the New Mexico Ry. and Coal Co. and
are deposited under its collateral trust mortgage.
Charles B. Eddy. Pres., Alamogordo, N. M. ; C. D.
Simpson, Vice- Pres. ; H. P. Simpson, Treas.,
Scranton, Pa.; B. S. Harmon, Sec., 40 Wall St.,
Xc\v York, N. Y. ; F. H. Ross, Asst. Sec,., 68 Wil-
liam St., New York, N. Y.
J. Howard Ford . . .New York, N. Y.
Ben j. S. Harmon... "
W. L. Watson Pittston, Pa.
J. W. Hollenback. .Wilkesbarre, Pa.
13. Board of Directors, N. M. Ry. & C, Co., elected February 11, 1902.
C. D. Simpson Scranton, Pa. F. H. Ross New York, N. Y.
Chas. B. Eddy. .. Alamogordo, N. M. H.M.Boies Scranton, Pa.
G. C. W. Lowrey..Larchmont, N. Y. L. A. Watres
T. H. Watkins Scranton, Pa. H. H.Brady, Jr "
K. K. McLaren Jersey City, N. J.
C. D. SIMPSON, President Scranton, Pa.
G. C. W. Lowrey, Vice-President New York, N. Y.
Chas. B. Eddy, Zd Vice-President and General Manager. Alamogordo, N. M.
Treasurer— H. P. Simpson Scranton, Pa. | Sec. & Gen. Counsel— B. S. Harmon. .New York, N. Y.
Asst. Sec. & Asst. Treas.— F. H. Ross New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS 15 Exchange Place, Jersey City, N. J.
NEW YORK OFFICE 68 William St., Manhattan.
RAILROADS OPERATED IN CONNECTION WITH THE LINES OF THE N. M. RY. & C. Co.
ALAMOtiORDO AND SACRAMENTO MOUNTAIN RY.— Alamogordo, N. M., to the
summit of the Sacramento MoiintainB, 27.5 m. ; total track (steel; 60 Ibs.), 80.16 miles. Gauge,
4 ft. 8£ in. Chartered March 21, 1898, under the laws of the Territory of New Mexico to
construct and operate a railroad from a point on the El Paso and Northeastern Ry., at or
near Alamogordo, N. M., into the timber regions of the Sacramento Mountains, a distance of
about 75 miles. Road completed as above in Nov., 1898. The principal traffic of this road
is the hauling of lumber. The logging cars are owned by the Lumber Co. operating the
lumber mills at Alamogordo. Locomotives, 4. Cars — combination, 1; excursion coaches, 4;
caboose, 5 — total, 10.
Financial Statement. Dec. 31, 1901.— Capital stock, $900,000. Funded debt outstanding
consists of $322,000 (auth., $900,000) 1st mtge. 5 p. c. 30-yr. gold bonds, due April 1, 1928.
These bonds are secured upon all the property of the Alamogordo and Sacramento Mountain
Ry. Co.. and are guaranteed, principal and interest, by the New Mexico Ry. & Coal Co. The
New Mexico Ry. and Coal Co. owns the entire capital stock.
Directors. — C. D. Simpson, H. P. Simpson, H. M. Boies, Scranton, Pa.; A. S. Greig,
W. A. Hawkins, C. B. Eddy, Alamogordo, N. M. ; B. S. Harmon, New York, N. Y. OFFI-
CERS: C. D. SIMPSON, Pres. , Scranton, Pa.: C. B. Eddy, Vice-Pres., Alamogordo, N. M.;
H. M. Boies, 2d Vice-Pres.; H. P. Simpson, Treas., Scranton, Pa.; B. S. Harmon, Sec., New
York, N. Y. GENERAL OFFICE, Alamogordo, N. M.
OMAHA, KANSAS CITY AND EASTERN RAILROAD COMPANY.
Line of Road Owned. — Pattonsburg to Trenton, Mo 33.97 miles.
LEASED : Quincy, Omaha & K. C. RR. : Trenton to West Quincy, Mo 134.03 "
TRACKAGE : C., B. & Q. RR. System : West Quincy, Mo., to Quincy, 111 3.00 "
Total length of railroad operated, June 30, 1901 171.00 miles.
Sidings (owned, 2.48 m. ; leased, 9.92 m.), 12.40 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 and
63 Ibs.
History.— Chartered July 24, 1896 ; road opened July 4, 1897 (see MANUAL for 1898,
page 840). On June 25, 1897, the company leased the Quincy, Omaha and Kansas City RR.
under the terms outlined in the MANUAL for 1897, page 202. On Jan. 2, 1900, the prop-
erty was placed in the hands of receivers. Early in 1902 this road, the Quincy, Omaha and
Kansas City RR., and the Kansas City and Northern Connecting RR. (foreclosed) were pur-
chased in one interest, and all three roads are now (July 1, 1902) operated by the Quincy,
Omaha & Kansas City RR. Co.
Rolling Stock, Q., O. & K. C. RR. Co., June 30, 1901.— Locomotives, 26. Cars— passen-
ger, 16 ; baggage, mail and express, 3 ; freight (box, 211 ; flat, 21 ; stock, 280 ; coal, 293),
805 ; service, 61 — total, 885. In addition to the foregoing the company owned 1 steam
excavator, 1 tool car, and 1 pile driver.
Operations, year ending June 30, 1901 (171 miles). — Train mileage — passenger, 154,-
007; freight, 210,281 ; mixed, 94,350— total, 459,138 miles, Passengers carried, 181,804;
494 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
DAWSON RY. and COAL CO.— Projected : Liberty to Dawson, N. M., 135 miles. Rail
(steel), 70 Ibs. Chartered in June, 1901, and acquired all the securities of the Dawson Ry.
Co. and of the Dawsou Fuel Co. The Dawson Coal Co. owns about 25,000 acres of coal
lands near Dawson, N. M., and the Dawson tty. Co. was organized to build the railroad as
above, connecting the property of the fuel company with the Chicago, Rock Island and El
Paso Ry. The New Mexico Ry. and Coal Co. has placed the mines in working condition,
and is building the railroad, expecting to have it in operation by Nov. 1, 1902. In considera-
tion of the work the New Mexico Ry. & Coal Co. received all the stock and all the bonds of
the Dawson Ry. and Coal Co. The bonds have been sold, the purchasers receiving H bonus
of 49 p. c. in the capital stock, while the remaining 51 p. c. of the capital stock is held by
the New Mexico Ry. and Coal Co.
Financial Statement, Feb. 1, 1902.— Capital stock, $3,000,000. Funded debt, $3,000,000
1st mtge. 5 p. c. 50-yr. gold bonds, due July 1, 1951, secured by deposit of all the securities
of the Dawson Ry. Co. and of the Dawson Fuel Co. The bonds are guaranteed by the New
Mexico Ry. and Coal Co., both as to principal and interest.
Directors (elected July 11, 1901).— C. D. Simpson, T. H. Watkins, Scrantou, Pa.; C. B.
Eddy, Alamogordo, N. M.; K. K. McLaren, Jersey City, N. J.; B. S.Harmon, New York,
N. Y. OFFICERS : C. D. SIMPSON, Pres., Scranton, Pa.; C. B. Eddy, Vice-Pres., Alamogordo,
N. M.; Thos. H. Watkins, 2d Vice-Prcs.; H. H. Brady, Jr., Treas., Scranton, Pa.; B. S. Harmon,
Sec., New York, N. Y. GENERAL OFFICE, 15 Exchange Place, Jersey City, N. J. New
York Office, 68 William Street, Manhattan.
EL PASO AND ROCK ISLAND RY.— Carrizosa to Santa Rosa, N. M., 130m.; total
track (steel ; 70 Ibs.), 139 miles. Gauge, 4 ft. 8£ in. Chartered in 1900 ; road opened
in Feb. 1902. Connects the El Paso and Northeastern line with the Chicago, Rock Island
and Pacific System. The road was built by the New Mexico Ry. and Conl Co. under an
agreement outlined in that company's statement.
Financial Statement, Feb. 1, 1902.— Capital stock, $2,500,000. Funded debt, $2,500,000
1st mtge. 5 p. c. 50-yr. gold bonds, due June 1, 1951. The New Mexico Ry. and Coal Co.
owns 60 p. c. of the capital stock. The bonds are secured by first mortgage lien upon the
company's property, and are guaranteed, principal and interest, by the New Mexico Ry. and
Coal Co.
Directors. — Charles B. Eddy, A. S. Greig, W. A. Hawkins, Alamogordo, N. M. ; C. D. ,
Simpson, T. H. Watkius, Scranton, Pa.; J. Howard Ford, B. S. Harmon, New York, N. Y.
OFFICERS: CHAS. B. EDDY, Pres. & Gen. Mgr., Alamogordo, N. M. ; C. D. Simpson, 1st Vice-
Pres., Scranton, Pa.; J. Howard Ford, 2d Vice-Pres., 15 Murray St., New York, N. Y.; B. S.
Harmon, See., 40 Wall St., New York, N. Y.; F. H. Ross, Treas. & Asst. See., 68 William
St., New York, N. Y. GENERAL OFFICE, Alamogordo, N. M. New York Office, 68 William
St., New York, N. Y.
POOR'S MANUAL — OMAHA, KANSAS CITY AND EASTERN SYSTEM. 495
Earnings— Passenger $112,910 78
Freight 385,94724
Mail and Express 32,619 48
Miscellaneous 43,920 85
[carried one mile, 4,015,363; average mile rate, 2.81 cents. Tons freight moved, 425,545;
(moved one mile, 37,316,518 ; average ton-mile rate, 1.03 cents.
Expenses— Maint. of Way and Structures $184,521 35
Maintenance of Equipment 52,501 10
Conducting Transportation 217,014 67
General Expenses 23,101 97
Total ($3,369.03 per mile) $575,398 35 Total ($2,439.41 per mile) $417,139 09
Net earnings (27.51 p. c.), $158,259.26. Payments: Interest on funded debt, $40,800;
on receivers' certificates, $2,157.67 ; taxes, $21,442.92 ; lease rentals, $50,741.76 ; cur-
rent interest, $195; betterments, $142,021.93— total, $257,359.56. Deficit, $99,100.30; deficit
forward ($121,246.44 ; additions to profit and loss during year, $13,369.80), $134,616.24 ;
net deficit, $233,716.54.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($2,000,000 auth. ; $100
shares), $1,428,000 ; funded debt (see below), $1,428,000 ; current liabilities, $665,730.87 ;
equipment contracts, $413,961.33 ; receivers' certificates, $51,000— total, $3,986,692.20.
Contra: Cost of road and equipment, $3,190,165.51; materials, etc., $22,633.90; cash and
current assets, $126,214.92 ; other assets, $413,961.33 ; profit and loss, $233,716.54— total,
$3,986,692.20.
Funded Debt — The funded debt outstanding June 30, 1901, consisted of $816,000 1st gold 5s of
Sept. 1, 1926, and $612,000 income 2d gold 5s of Oct. 1, 1926. Authorized issue of 1st mtge. bonds, $20,000
per mile of road, together with additional amounts for equipment, terminals and a bridge over the Missis-
sippi River. Authorized issue of 2d mtge. income bonds, $11,000,000 at the rate of $15,000 per mile of road.
RAILROAD OPERATED UNDER LEASE BY THE O., K. C. & E. RR. Co., JUNE 30, 1901.
Qnincy, Omaha and Kansas City RR.—
West Quincy to Trenton, Mo., 134.03 m.; total track
(steel; 60 and 63 IDS.), 143.95 miles. Chartered June
1, 1897, as successor to the Quincy, Omaha and
Kansas City Ry. Co., whose property was sold
under foreclosure April 23, 1897. (See Manual
for 1897, page 201.) Leased June 25, 1897, to the
Omaha, Kansas City and Eastern RR. Co. on the
terms outlined in the Manual for 1897, page 202.
This company now (July 1, 1902) operates the Omaha.
Kansas City and Eastern RR., the Kansas City and
Northern Connecting RR., and Its own road, a total
of 251.86 miles, Including C. B. & Q. trackage (see
page 494). Capital stock ($100 shares), $1,500,000.
The capital stock was issued for non-preferred bonds
of the Quincy, Omaha and Kansas City Ry. Co., and
both the stock and the non-preferred bonds were de-
posited with the Guaranty Trust Co., New York,
N. Y., subject to the terms of the bondholders'
agreement of Sept. 12, 1896. (See Manual for 1900,
page 518.) The non-preferred bonds have been paid
off at 70 p. c. and the 1st mtge. bonds at par and
interest. Ward W. Jacobs, Pres., Hartford, Ct.;
Theo. Oilman, Jr., Treas. ; Nathaniel Norton, Sec.,
New York, N. Y. Office, Milan, Mo.
CHABLES H. CHAPPELL, Receiver.
PRINCIPAL OFFICE AND ADDRESS.
Chicago, 111.
Kansas City, Mo.
KANSAS CITY AND NORTHERN CONNECTING RR.— Northern Junction to Pat-
tonsburg, Mo., 75.27.: C., M. & St. P. Ry. to connection withK. C. S. B. RR., 0.13 m.; branch,
Trimble to Gower, Mo., 10.46 m.— total owned, 85.86 m.; trackage (K. C. Sub. Belt RR.,
Kansas City, to K. C. S. B. RR., 4.02 m.; C. M. & St. P. Ry., K. C. S. B. RR. to Northern
June., 1.44 m.), 5.46 m. — total operated (91.32 m., less branch from Trimble to Gower, not
operated by this company, 10.46m.), 80.86 miles. Sidings, 5.32 miles. Gauge, 4 ft 8£ in.
Rail (steel), 60 Ibs. Organized May 28, 1895, and in Jan., 1897, purchased the Kansas City
and Atlantic RR. , from North Kansas City to Smithville,, Mo. , 17.3 miles. The extensions were
completed in March, 1898. The branch from Trimble to Gower, Mo., was added in 1899 and is
operated by the St. Joseph and Grand Island RR. Co. This road connects the Kansas City
Southern Ry. with the Omaha and St. Louis, the Omaha, Kansas City and Eastern, and the
Quincy, Omaha and Kansas City RRs. Receivers appointed Jan. 2, 1900 ; sold under fore-
closure Oct. 25, 1901. The purchasers have also acquired the Omaha, Kansas City and East-
ern RR. and the Quincy, Omaha and Kansas City RR., and all three roads are now (July 1,
1902) operated by the Quincy, Omaha and Kansas City RR. Co. Locomotives, 2. Cars —
passenger, 9 ; baggage, etc., 3 ; freight (box, 2 ; flat, 5 ; coal, 7), 14 ; service, 3, total — 29.
Operations, year ending June 30, 1901.— Trains run (passenger, 72,620 ; freight, 65,751 ;
mixed, 46,737 ; other, 15,138), 200,246 miles. Passengers carried, 70,887; carried one mile,
2.237,675. Tons freight moved, 177,614; ton-miles. 12,576,362. Earnings (passenger, $51,-
256 ; freight, $138,752; other, $12,273), $202,281. Operating expenses, $162,199. Net earn-
ings, $40,082. Payments : Interest on bonds, $92,550 ; taxes, $13,765 ; betterments, $4,180.
other charges, $496— total, $110,991. Deficit, $70,909 ; deficit forward, $259,257— total,
($330,166 ; deductions during year, $1,504), $331,670.
General Balance Sheet, July 30, 1901.— Capital stock ($3,500,000 auth.; $100 shares),
$3,000,000 ; funded debt (foreclosed, Oct. 25, 1901), $3,239,000; current liabilities, $458,396;
receiver's certificates, $9,000 ; other liabilities, $22,888— total, $6,729,285. Contra : Cost of
496
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
road and equipment, $6,273,374 ; materials, etc., $3,860 ; current assets, $97,491 ; other
assets, $22,889 ; profit and loss, $331,671— total, $6,729,285.
Directors. — Not reported. CHARLES H. CHAPPELL, Receiver, Chicago, 111. GENERAL
OFFICE, Kansas City, Mo.
ST. JOSEPH AND GRAND ISLAND RAILWAY COMPANY.
Line of Road Owned. — St. Joseph, Mo., to Grand Island, Neb 251.06 milee.
A., T. & 8. Fe By.: St. Joseph, Mo., to Gower, Mo.. . 19.95 m.
K. C. & N. C. RR.: Gower, Mo., to Kansas City, Mo. 41.20 m.— 61.15 "
TRACKAGE
Total length of lines operated, June 30, 1901 312.21 milee.
Sidings, 45.66 miles. Gauge, 4 ft. 8$ in. Rail (steel), 52 and 60 Ibs.
History. — Organized Feb. 23, 1897, as successor to the St. Joseph and Grand Island RR.
Co., whose property was sold under foreclosure Dec. 23, 1896 (see MANUAL for 1896, page
943). The terms under which this company has trackage rights between St. Joseph and
Kansas City, Mo., are as follows : St. Joseph to Gower, 19.95 miles, rental and proportion of
maintenance; Gower to Trimble, Mo., 10.50 miles, fixed rental, operation being conducted
by the company ; Trimble to Kansas City, 30.70 miles, rental on basis of business handled.
The contracts expire in 1923.
Rolling Stock, June 30, 1901. — Locomotives, 30. Cars — passenger, 14 ; baggage, mail,
and express,~6 ; freight (box, 556 ; flat, 18 ; stock, 203 ; coal, 52), 829 ; service 43— total, 892.
Operations, year ending June 30, 1901. — Train mileage — passenger, 281,421; freight,
308,489; mixed, 180,110; other, 29,296— total, 799,316 miles. Passengers carried, 293,661;
carried one mile, 8,978,822; average mile rate, 2.41 cents. Tons freight moved, 677,211;
moved one mile, 79,371,981; average ton-mile rate, 1.36 cents.
Expenses— Maint. of Way and Structures. ..$147,633 03
Maintenance of Equipment 82.977 62
Conducting Transportation 518,137 77
General Expenses 62,906 23
Earnings— Passenger $222,878 98
Freight 1,076,145 68
Mail and Express 53,373 92
Miscellaneous 47,556 24
Total ($4,484.02 per mile) $1,399,954 82 Total ($2,599.71 per mile) $811,654 65
Net earnings (42.02 p. c.), $588,300.17. Payments : Interest on funded debt, $105,000 ;
taxes, $82,487.80; dividends on 1st preferred stock (Nos. 7 and 8, 2^ p. c. each, paid Jan. 15
and July 15, 1901), $274,880 ; construction charged to income account, $528.12— total,
$462,895.92. Surplus. $125,404.25.
Profit and Loss Account, June 30, 1901.— Balance, June 30, 1900, $89,879.41; surplus
for year ending June 30, 1901, $125,404.25; vouchers and pay rolls registered prior to July
1, 1900, amounts of which were unclaimed, cancelled during year ending June 30, 1901.
$5,034.51; actual value of material and supplies on hand June 30, 1900, in excess of book
value, adjusted since, $7,607.75; rental collected, unclaimed and cancelled, $58.89 — total,
$227,984.81. Contra: Disputed bills for various accounts, rendered prior to July 1, 1900,
cancelled during year ending June 30, 1901, in accordance with findings of boards of arbitra-
tion, to whom they were referred for adjudication, $1,093.42 ; depreciation on buildings
removed, $244.81; balance, profit, June 30, 1901, $226,646.58— total, $227,984.81.
Statement of the income and charges for eight years (St. J. & G. I. RR. Co., 1894-97 ; St.
J. & G. I. Ry. Co., 1898-1901) :
Year End'g
Dec. 31.
Mile-
age
Oper-
ated.
Gross
Earnings.
Working
Expenses.
Taxes.
Surplus
Earnings,
Taxes
Deducted.
Miscella-
neous
Income.
Total
Income.
In-
terest
on
Bonds.
Other
Charges.
Total
Charges.
Deficit.
1894
1895
1896
tlS'.)7
$1K'.IS
J1899
J1900
1901
251.06
251.00
2:>1.0G
251.06
251.06
312.21
786,982 88
(i!4,078 11
724,169 60
316,228 92
1,232,499 06
1,261,06006
596,369 55
503,357 33
571,81080
223,280 84
747,668 58
911,01388
45,313 71
97,127 30
64,338 56
35,752 83
76,197 00
75,973 06
78,799 87
82,487 00
145,299 62
13,593 48
88,020 24
57,195 25
408,633 48
274,07-8 12
332,073 06
505,812 00
274,700 88
420,000 00
13,593 48
93,319 30
57,320 02
409,486 31
274,073 12
£32,073 06
505,812 00
420,000
420, (XX)
420,000
35,000
70,000
87,500
105,000
105,000
120,786 78
*18,133 97
11611
18,486 65
315,724 75
177.34554
173,363 19
275,408 00
540,78578 120,78678
401,86603 388,27255
420,11611 3v'ti,7'.)(i 81
53.486 65 3.833 37
385.724 75 §23,761 53
264,84554 §9,227 ."S
2r8,36319 §53,709 h7
380,408 00 §125,404 00
5,299 06
12477
85283
312.21
312.21
1,404,69485
1,899,955 00
993,821 92
811,655 00
Credit.
t For the period Feb. 28 to July 1, 1897.
J Years ending June 30.
§ Surplus.
POOR'S MANUAL OF RAILROADS.
497
General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $16,867,201 52
New Construction 122,551 39
New Equipment 232,396 21
Heal Estate 2,059 50
Right of Way 1,242 90
Materials and Supplies 83,02382
Current Assets 201,446 35
Cash 322,002 60
Prepaid Insurance 1,566 05
Cross Tie Renewal Account 119 91
Total Assets $17,733,610 28
Capital Stock Paid in ($100 shares) $13,527,600 00
Funded Debt Outstanding 3,500,00000
Accrued Interest on Bonds, not Due
Dividend on 1st Preferred Stock ,
Current Liabilities
Accrued Taxes, not Due ,
Renewal Accounts
Profit and Loss
52,500 00
137,440 00
216,052 96
36,006 75
37,363 99
226,646 58
Total Liabilities $17,733,610 28
Capital Stock. — The capital stock outstanding as per general balance sheet consists of $4,600,000
common stock, being the total authorized issue; $5,497,600 1st preferred 5 p. c. non-cumulative stock
. ($5,500,000 authorized, less $2,400 in treasury), and $3,430,000 2d preferred 4 p. c. non-cumulative stock
($3,500,000 authorized, less $70,000 in treasury). The voting trust in which the entire capital stock was
deposited at the time of the reorganization expired on Tan. 1, 1902, and the shares were delivered to
the stockholders.
Funded Debt.— The funded debt consists of 1st gold 3s (4s after Jan. 1, 1902) of Jan. 1, 1947,
The authorized issue is $5,000,000. Of the unissued bonds, $500,000 are reserved for future use, to be issued
at not exceeding the rate of $100,000 a year, while the remaining $1,000,000 can be issued only for
additional mileage, at not exceeding the rate of $6,000 per mile. The trustee holds as additional security
under the mortgage 1,250 shares of stock of the St. Joseph Terminal RR. Co. and 10 shares of stock of the
St. Joseph Union Depot Co. Further particulars respecting the funded debt are in the Ready Reference
Bond List — see General Index.
Directors (as constituted May 1, 1902).— F. P. Olcott, Wm. L. Bull, Henry Budge, J.
Kennedy Tod, New York, N. Y. ; Gordon Abbott, Boston, Mass.; Raymond Du Puy, St.
Joseph, Mo.; F. C. Kern, J. V. Lemoine, C. K. Finley, Hiawatha, Kan.
WILLIAM L. BULL, President 38 Broad St., New York, N. Y.
Henry Budge, Vice-Pres. & Treasurer 28 Broad St., "
Raymond Du Puy, 2d Vice-Pres. & Gen. Manager St. Joseph, Mo.
Secretary— W. S. Wilson New York, N. Y. | Asst. Treas.— Harry Bronner New York, N. Y.
Auditor— H. W. Milliman St. Joseph, Mo. '
PRINCIPAL OFFICE AND ADDRESS St. Joseph, Mo.
ST. LOTUS SOUTHWESTERN RAILWAY COMPANY.
(For map of this system, see page 499.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Bonds and Stocks Owned 15
Capital Stock 10
Contracts and Agreements 5
Directors and Officer*! 17
Earnings, Expenses, etc., 1901 ... 7
Funded Debt 11
Gen. Balance Sheet, June 30, 1901. 9
Gen. Balance Sheet, 1894-1901 8
Guaranteed Bonds 13
History 2
Earnings and Expenses,1894-1901. 8 i Income Account, June 30, 1901. . . 7
Equipment Trust Obligations 14 Increase of Capital Stock 3
Interests in Other Companies 4
Mileage Operated 1
New Consol. Mtge. Bonds. .3 and 12
Operations & Income, 1894-1901. . 8
Rolling Stock 6
Stocks and Bonds Owned 15
Subsidiary Lines1 Statement 10
1. Mileage of St. Louis Southwestern Ry. System, June 30, 1901.
A. ST. Louis SOUTHWESTERN RY. Co. (627.5 miles):
Main Line : Bird's Point, Mo. , to Texarkana, Tex 418.0 miles.
New Madrid Branch : Paw Paw, Mo. , to New Madrid, Mo 5.7
Gray's Point Branch : Maiden, Mo., to Delta, Mo 51.4 "
Stuttgart. Branch: Stuttgart, Ark. to Gillett, Ark 34.8 "
Little Rock Branch : Altlieimer, Ark. , to Argenta, Ark 41.7 "
Shreveport Branch : Lewisville Jc., Ark., to Shreveport, La 59.5 "
Leased : Gray's Point Terminal Ry. : Delta to Gray's Point, Mo 16.4 "
B. ST. Louis SOUTHWESTERN RY. Co. OF TEXAS. (665.5 miles):
Main Line : Texarkana, Tex., to Gatesville, Tex 304.6 "
Sherman Branch : Mt. Pleasant, Tex. to Sherman, Tex 109.9 "
Fort Worth Branch : Commerce, Tex. to Fort Worth, Tex 97.2 "
Hillsboro Branch : Corsicana, Tex., to Hillsboro, Tex 40.0 "
Lufkin Branch : Tyler, Tex., to Lufkin, Tex 88.6 "
Dallas Branch : (joint track with G. , C. & S. F. Ry.) 25.2 "
Total length of all lines. St. Louis Southwestern System, June 30, 1901 1,293.0 miles.
Sidings, etc. (St. L. S. W. Ry., 141 m.; St. L S. W. Ry. of Texas, 107.2 m.), 248.2 milea.
Gauge, 4 ft. 8i in. Rail (steel, 1,267.8 m.), 35, 55, 56, 60, and 75 Ibs.
32
498 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
The Magnolia Branch (Magnolia to McNeil, Ark., 6.4 miles, not included in the above
statement of mileage) is leased to and operated by the Louisiana and Northwest RR. Co. for
the term of 20 years from Jan. 1, 1898, at. a rental of $3,960 per annum.
A connection between the Gray's Point Terminal Ry. and the Chicago and Eastern
Illinois RR., at Thebes, 111., opposite Gray's Point, Mo., effected during tlie winter of 1899-
1900, affords through train service between Chicago and Texas points.
2. History. — Reorganization of the St. Louis, Arkansas and Texas Ry. Co., whose
property was sold under foreclosure in Oct., 1890. Three distinct companies were formed Jan.
12, 1891 — the St. Louis Southwestern Ry. Co., the St. Louis Southwestern Ry. Co. of Texas
and the Tyler Southeastern Ry. Co. (see MANUAL for 1S9S, page 558). On Oct. 6, 1899, the
Tyler Southeastern Ry. Co. was absorbed by the St. Louis Southwestern Ry. Co. of Texan.
On Jan. 3, 1901, the company purchased at forec?osure sale the Stuttgart and Arkansas
River RR., extending from Stuttgart to Gillett, Ark., a distance of 34.8 miles, and has
operated it as the Stuttgart Branch since Jan. 16, 1901. The company also purchased, in
1901, the Dallas, Fort Worth and Gulf Ry., a belt and terminal line around the city of Dallas,
Tex. That property has been reorganized, the name of the company being changed to
Dallas Terminal Ry. and Union Depot Co., a statement for which will be found subjoined
hereto.
3. Increase of Capital Stock and Issue of New Bonds.— In June, 1902, the authorized
capital stock of the company was increased from $36,500,000 to $55,000,000, the increase of
$18,500,000 to be in common stock, making the amount of that class authorized $35,000,000.
At the same time an issue of 1st consol. mtge. gold bonds 1o the amount of $25,0(10,000 was
authorized, for the purpose of retiring the $10,000,000 2d mtge. income bonds and about
$1,700,000 of equipment obligations, as well as to provide for the enlargement and better-
ment of the system and the purchase of new equipment. In July, 1902, there were issued
$12,054,000 of the new bonds, $6,000,000 thereof to provide for present capital requirements,
including the retirement of the equipment obligations, and the remaining $6,054,000 in
exchange for $6,727,000 2d mtge. income bonds, at the rate of $900 for each $1,000.
Additional particulars respecting the new bonds will be found in Sec. 12.
4. Interests ill Other Companies. — Besides its ownership of the Dallas Terminal Ry.
and Union Depot Co. , referred to in Sec. 2, the company owns all the capital stock and $33,000
(about 9f p. c.) of the funded debt of Gray's Point Terminal Ry. Co. ; a majority of the
capital stock and a majority of the funded debt of the Paragould Southeastern Ry. Co., and
50 p. c. each of the capital stock and funded debt of the Pine Bluff Arkansas River Ry. Co.
The Gray's Point Terminal Ry. is operated by this company, and its statistics are included in
this statement. The Paragould Southeastern Ry. and the Pine Bluff Arkansas River Ry.
are operated by their own organizations, and have separate statements iu the MANUAL,
subjoined hereto.
5.rContracts and Agreements. — Under a contract effective Aug. 1, 1898, this company
uses the tracks of the Gulf, Colorado and Santa Fe Ry. Co. between Wylie and Dallas, Tex.,
including terminals at Dallas, while the Gulf Company has the use of tracks between Wolfe
City and Sherman, Tex., and terminals in Sherman, belonging to this company. Under an
agreement effective April 1, 1900, this company has trackage rights for passenger trains over
the Texas and Pacific Ry. between Hodge and Ft. Worth, Tex., 6.5 miles, and joint use of
the Texas and Pacific union passenger station and terminals at Ft. Worth. A traffic agree-
ment for the joint use of the terminals of the St. Louis, Iron Mountain and Southern Ry., at
Memphis, Tenn., under the terms of which this company has established independent local
freight and passenger agencies at that point, became effective on May 15, 1900. An agree-
ment was entered into with the St. Louis, Iron Mountain and Southern Ry. Co., covering
freight and passenger service between Delta and St. Louis, Mo., under the terms of which,
effective Oct. 15, 1900, this company is afforded trackage rights for its passenger trains
between Delta and Bismark, Mo., at which point connection is made with the St. Louis, Iron
Mountain and Southern Ry., in whose trains this company's passenger cars enter and depart
from Union Station, St. Louis, Mo. Under the terms of this contract the St. Louis, Iron
Mountain and Southern Ry. also transports freight traffic for thiB company between Delta and
499
500
POOR'S MANUAL OF RAILROADS— SOUTHWESTERN GKofP.
St. Louis, Mo., and grants the joint use of their terminals at the latter point. An independent
local freight agency lias been established in St. Louis, Mo., and was opened for buHn<-;-s
Feb. I, 1901.
6. Rolling Stock, June 30, 1901.— Locomotives, 127. Cars— passenger, 46 ; chair, 21 ;
parlor, 5; combination, 1 ; baggage, mail, and express, 34; freight (box, 3,612; flat, 544;
stock, 760 ; coal, 396 ; tank, 4; refrigerator, 24; furniture, 426), 5,766 ; service, 305— total,
6,178. Of this equipment, 500 stock cars were held under lease from the Mather Humane Stock
Transportation Co., while 49 of the locomotives and 3,762 of the cars (5 passenger, 14 cLp.ir,
5 baggage, etc., 2,625 box, 400 flat, 200 coal, 363 furniture, and 150 ballast) were held under
equipment trusts.
7. General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures. ..$l,0s
Maintenance of Equipment 672. KW n;
Conducting Transportation 2,1
General Expenses 3^ :
Total ($3,632.22 per mile) $4,632,892 06
Earnings— Passenger $1,400.712 70
Freight 5,652,872 51
Mail and Express 277,217 85
Miscellaneous 56,371 34
Total ($5,791.59 per mile) $7,387,174 40
Net earnings (37.28 p. c.), $2,754,282.34; other receipts, $45,889.91; sundry adjustments,
$36,305.36 — total, $2,836,477.61. Payments: Interest on 1-t mortgage bonds, $800,000;
taxes, $155,771.20; equipment payments, $258,825.21; rental. G. P. Terminal Ry., $16,950;
sundry adjustments, $49,957. 10— total, $1,281,503.51. Surplus, $1,5.14,974. 10; surplus to June
30, 1900, $664,688.94; proceeds of sale of $1,000,000 2d mortgage income bond certificates,
$770,000— total, $2,989,663.04. Deductions: Interest earned on 2d mortgage income bonds
(calendar year 1900, full interest 4 p. c., paid. $380,000; half year ending June 30, 1901, full
interest, 4 p. c., due Jan 1, 1902, $200,000), $580,000; credited to general improvement fund,
$1,490,000; sundries, $1 070.05— total,$2,071,070.05. Surplus Ju»e 30, 1901, $918,592.99.
§. Statement of operations, income and capital accounts for
June 30 :
fiscal years ending
1894
1895
1896
1897
1898
1899
1900
1901
Miles Operated (average). . .
Passenger Train Mileage . . .
Freight Train Mileage
Passengers Carried
1,323.00
1,320,909
1,836,875
810,801
37,040,490
1.328,377
282,162,773
$
4,615,144
3,873,778
1,223.00
1.378,837
1,920,525
838,9H4
36,744,040
1,470.257
309,245,333
$
5,217,174
3,977,221
1,223.00
1,460,769
1,967,410
935,555
40,159,897
1,487,078
312,998,714
$
4,904,400
4,132,375
1,223.00
1.484,360
2,017,779
808,644
33,21 4,295
1,524,709
325,472,192
$
4,743.546
3,855,888
1,223.00
1.477.639
2,169,415
838,588
37,153,691
1,778,383
358,109,737
$
5.279,333
4,173,328
1,249.80
1,483,845
2,103.430
899,048
38,373,916
1,887,609
380.660,588
$
5,862,338
4,209,088
1,258.20
1,483.203
1,963,864
994,503
41,908.926
4i2.:i'.tr'.:>!ir>
$
5,008,284
4,156,073
1.275.50
1.610.600
2,210,014
1.2S1.H28
2,309,171
4f.\-37,265
S
7 > 7. 174
Passengers One Mile
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings
741.366
3,773 63
3.1674)
60619
83. 94 p. c.
2.38 c.
1.24 C.
$
20,000,000
16.500.000
28,609.639
1,317,984
1,239,953
4,265 88
3,252 02
1,01386
76. 23 p. c.
2.43 c.
1.32 C.
$
20,000,000
16,500,000
28,470,500
1,151,188
531,300
772,115
4,010 21
3,378 SS
631 33
84.26 p.c.
2.35 c.
1.18 c.
$
20,000,000
16,500,000
28.359,093
1.3S4.292
288.623
887,658
3,878 62
3,152 81
72581
81 .29 p.c.
2.36 c.
1.13c.
9
20,000,000
16.500,000
28,294,558
1,316,173
165,703
1,106,005
4.316 71
3,412 37
90434
79.05 p. C.
2.30 c.
1.16C.
1
20,000,000
16,500,000
28.335,741
1,567.224
310,676
1,653,250
4,690 62
3.3;ir si
1,32281
71. 80 p. c.
2.37 c.
1.21 c.
S
20,000,000
16,500,000
29,889,676
1.007.291
1,352.517
1,752.211
4,695 82
3,303 19
1.39263
70.34 p c.
2.42 c.
1.11 C.
$
20.000,000
16,500.000
950,848
664.689
2,754,282
5.791 59
3. c.32 22
2.15937
62. 72 p. c.
2.42 C.
1.12C.
$
20,000,000
16,500,000
31.2ti3.536
Gross Earnings per Mile. . .
Gross Expense? per Mile. .
Net Earnings per Mile
Expenses to Earnings
Earnings p. Pass. p. Mile. .
Earnings p. Ton. p. Mile. .
Preferred Stock
Common Stock
Funded Debt
Other Liabilities
Profit and Loss
Total Liabilities
66,427,6-23
65,357,406
66,652,982
65,443,900
66,532,007
65,468,442
66,306,434
65,479,046
66,713,641
65,637,874
68,759,483
66,925,808
339,000
27.32*
363.039
892,968
711,357
68,038,869
65,981,840
3.S9.(KiO
27.328
363.aS9
391,545
986,717
71,301,192
07.372,211
339.000
27.. 128
371.164
627.068
2,564,421
Road and Equipment
G. P. T. Ry. Leasehold
Real Estate
27,328
526.500
221,852
292,588
1,949
27.328
633,115
251,413
297,227
27,328
416,750
389.274
830,214
27.32S
275.250
247.877
276,933
27,328
302.188
291,312
454,939
Stocks, Bonds, etc
Materials and Supplies
Other Assets
Profit and Loss
Total Assets
66,427,623
66,652,982
66,532,007
66,306,434
66,713,641
68,759,483
!;s.03S,sr,!i
71,301,192
NOTE. — Funded debt includes equipment obligations in each year, and includes $339,000 bonds of the
Gray's Point Terminal Ry. in 1899, 1900, and 1901.
POOR'S MANUAL— ST. LOUIS SOUTHWESTERN SYSTEM.
501
9. General Balance Sheet, June 30, 1901.
n.st of Road and Equipment $66,500,000 00
Gray's Point Terminal Ry. Leasehold 339,000 00
Construction Accounts 68,20554
KViil Estate 27,32795
Slocks and Bonds Owned (see below) 366,539 21
Other Permanent Investments 4,62498
Materials and Supplies 627.068 32
Cash 1,929,191 90
Current Assets 635,229 24
Trust Equipment Unpaid Balance 804,004 67
Total Assets $71,301,191 76
Common Stock ($100 shares) $16,500,000 00
Preferred Stock ($100 shares) 20,000,000 00
Funded Debt Outstanding 30,000,000 00
Gray's Point Terminal Ry. Co. Bonds 339,000 00
Equipment Trust Obligations 924,535 67
Interest on Bonds, Due and Accrued 587,726 76
Sundry Accounts Payable 665,103 93
Hospital Fund 5,660 46
Reserve Funds 1,360,571 95
Profit and Loss 918,592 99
Total Liabilities $71,301,191 76
10. Capital Stock.— The authorized capital stock as of June 30, 1901— $16,500,000 common and
•20,000,000 5 p. c. non-cumulative preferred — was increased in June, 1902, when authority was granted to
inn-case the common stock by $18,500,000i, making the total of that class authorized, $35,000,000, and the
aggregate share capital authorized, $55,000,000.
11. Funded Debt.— The funded debt outstanding on June 30, 1901, consisted of certificates for
$20,000,000 1st gold 4s of Nov. 1, 1989, and for $10,000,000 2d income gold 4s of Nov. 1, 1989. The certificates
represent 1st mtge. and 2d mtge. bonds of the constituent companies deposited with the trustees —
$9,895,000 1st mtge. bonds and $3,947,000 2d mtge. income bonds secured on the St. Louis Southwestern
Ry. ; $9,445,000 1st mtge. bond and $4,722,500 2d mtge. income bond of the St. Louis Southwestern Ry. Co.
of Texas; $660,000 1st mtge. bond and $330,000 2d mtge. income bond of the Tyler Southeastern Ry. Co.
(secured on the Lufkin Branch of the St. L. S. W. Ry. of Tex.). Interest on 2d mtge. bonds, at tht rate
of not exceeding 4 p. c. per annum, non-cumulative, is declared in Oct. and April, if earned in the pre-
ceding calendar half years, and is payable on Jan. 1, or July 1 following the declaration. In July, 1902,
the holders of $6,727,500 of the 2d mtge. income bonds accepted in exchange for their bonds 90 p. c.
of their face value in new 1st consol. mtge. gold bonds (see Sec. 8a) and the bonds thus surrendered have
been deposited under the new mortgage. (Additional particulars respecting the funded debt will be
found in the Ready Reference Bond List — see General Index.)
12. First Consol. Mtge. Gold Bonds. — On June 1, 1902, and for the purposes outlined in
Sec. 3, the company executed a mortgage to secure an issue of 1st consol. mtge. 4 p. c. 30-yr. gold bonds
to the amount of $25,000,000. As stated in Sec. 3, there have been issued $12,054,000 of the bonds, and
the remaining $12,946,000 are reserved— $2,946,000 of them for the retirement of the $3,272,500 2d mtge.
income bonds still outstanding, at the rate of exchange of $900 consols for $1,000 income bonds, and
$10,000,000 (together with any surplus bonds not used or required for refunding the 2d mtge. income
bonds) for the acquisition of branch lines, at a rate not exceeding $20,000 per mile, and for better-
ments, additions and new equipment. The bonds are secured upon the entire property of the company,
subject to prior liens, and are additionally secured by deposit of the $6,727,500 of 2d mtge. income bonds
which have been already exchanged. They are secured by first mortgage on the property formerly owned
by the Stuttgart and Arkansas River RR. Co., including the line from Stuttgart to Gillett, Ark., 38.8 miles,
and will be secured on any additional lines and property acquired with their proceeds, either by direct
mortgage or by deposit of the securities representing the ownership of such additional lines and property.
By the terms of the mortgage all securities deposited as collateral under it are to be first made non-
negotiable; and provision is also made for the cancellation of deposited bonds as fast as the whole of
any issue is delivered to the trustee of this mortgage. It is also provided that any income received from
securities deposited as collateral shall constitute a sinking fund, (a) for the purchase of bonds secured
by the mortgage, or of 2d mtge. income bonds, and (b) for the acquisition of additional property (to be
covered by the mortgage); any bonds acquired through the operation of the sinking fund to be deposited
under the mortgage as additional security therefor.
13. Guaranteed Bonds — The Gray's Point Terminal Ry. Co. 1st gold 5s of Dec. 1, 1947, are
guaranteed, both as to principal and interest, by the St. Louis Southwestern Ry. Co., by endorsement on the
back of each bond. They are secured on all of the property of the Gray's Point Terminal Ry. Co. The
mortgage provides that the bonds may be issued at not exceeding the rate of $15,000 per mile " for each
mile of main line and side track or terminal track " whether now owned or hereafter acquired.
14. Equipment Trust Obligations.— The notes outstanding on June 30, 1901, were of
thirteen issues, payable as follows; $314,091.64 during the year ending June 30, 1902; $299,252.08 during
the year ending June 30, 1903; $209,825.70 during the year ending June 30, 1904, and $101,366.25 during
the year ending June 30, 1905. Average annual payment for five years, $231,133.92.
15. Stocks and Bonds Owned — Preferred stock, St. L. S. W. Ry. Co., $106,350; common
stock, St. L. S. W. Ry. Co., $143,900; $56,000 capital stock and $56,000 1st mtge. bonds of the Paragould
Southeastern Ry. Co., cost, $51,937.50; $100,000 capital stock and $50,000 1st mtge. bonds of the Pine
Bluff Ark. River Ry., cost, $27,851.70; $500,000 capital stock and $33,000 1st mtge. bonds of the Gray's
Point Terminal Ry. Co., cost, $33,000.01; $10,000 capital stock, So. 111. and Mo. Bridge Co., part paid,
cost to company, $2,000; $15,000 capital stock, La. Pur. Expo. Co., part paid, cost to company, $1500
—total, $366,539.21.
16. RAILROADS OWNED OR CONTROLLED BY THE ST. L. S. W. RY. Co.
Gray's Point Terminal Ry.— Delta to
Gray's Point, Mo., 16.4 m. ; total track (steel; 65
Ibs ) 22.6 miles. Chartered May 23, 1896; road
opened Nov. 21, 1898. Leased to the St. Louis
Southwestern Ry. Co., for 50 years from Dec. 1,
1897, the lessee guaranteeing $339,000 1st mtge.
5 p. c. bonds, both principal and interest. The
lessee owns the capital stock, and in Its accounts
are included those of this company. S. W. Fordyce,
Pres. ; S. H. West, Vice-Pres. & Sec.; G. K. Warner,
Treas., St. Louis. Mo. Office, St. Louis, Mo.
St. Louis Southwestern Ry. Co. of
Texas. — Mileage, rolling stock, operations, etc.,
are Included In the main statement, which see.
Balance Sheet, June 30. 1901.— Capital stock ($100
shares), $2.750,000; funded debt (see above). $15,-
157,500; unfunded debt, $3.055,351— total, $20 962 -
351. Contra: Cost of road and equipment, $17.907,-
)00; other assets. $469,681; profit and loss, $2,585,-
670— total, $20.962,851. Funded debt Includes the
bonds of the Tyler Southeastern Ry., which were
assumed in the consolidation of Oct. 6, 1899. F. H.
Britton, Pres., St. Louis, Mo.; R. D. Cobb Sec.; J.
W. Hogan, Treas., Tyler, Tex. Office, Tyler, Tex.
502 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
17. Board of Directors, St. Louis Southwestern Ry. Co., elected October 1, 1901.
Edwin Gould Irvington, N. Y.
P. H. Britton St. Louis, Mo.
R. M. Gallaway.. . .New York, N. Y.
Thos. T. Eckert. . .New York, N. Y.
Winslow 8. Pierce. "
Wm. U. Taylor ...
Albert Loeb New York, N. Y.
Murray Carleton St. L>
Charles Parsons " "
EDWIN GOULD, President New York, N. Y.
F. H. Britton, Vice-President and General Manager St. Louis, Mo.
Secretary— George Erbelding New York, N. Y.
General Auditor— S. C. Johnson St. Louis, Mo.
Treas. <& Asst. Sec.—Q. K. Warner St. Louis, Mo. General Supl.—W. E. Green Tyler, Tex.
PRINCIPAL OFFICE AND ADDBESB St. Louis, Mo.
ST. LOUIS SOUTHWESTERN SYSTEM— Railroads Controlled by the St. Louis
Southwestern Ry. Oo. but Operated Separately.
DALLAS TERMINAL RT. AND UNION DEPOT CO.— In city of Dallas, Tex., 4.68 m.;
total track (steel; 60 Ibs.), 5.99 miles. Gauge, 4ft. 8£ in. The road connects all lines
centring in the city of Dallas. Chartered on Dec. 10, 1894; opened for business on Jan. 1,
1896. Charter amended Jan. 10, 1899, changing the name to Dallas, Forth Worth and Gulf
Ry. Co. Purchased in 1901 by theSt. Louis South western Ry. Co., and company reorganized
as of Jan. 1, 1902, under its original title.
Financial Statement, Jan. 1, 1902.— Capital stock ($100 shares), $500,000. Funded
debt, $80,000 1st mtge. 6 p. c. 30-yr. gold coupon bonds, with privilege of registration.
Cost of road to date, $300,000.
Directors. — W. C. Connor, Alex. Sanger, Philip Sanger, W. O. Connor, C. A. Keating,
J. T. Trezvant, E. M. Reardon, Dallas, Tex. OFFICERS: W. C. CONNOR, Pres.; Alex.
Sanger, Vice-Pres.; E. M. Reardon, Treas.; H. T. Allen, Sec., Dallas, Tex. GENERAL
OFFICE, Dallas, Tex.
PARAGOULD SOUTHEASTERN RY.— Paragould, Ark., to Hornersville, Mo., 22.04m.;
total track (steel, 35 and 60 Ibs.), 22.84 miles. Trackage : St. L. S. W. Ry., Paragould Juno,
to Union Depot, 0.75 mile. Gauge, 4 ft. 8£ in. Chartered Aug. 9, 1893, as successor lo
Paragould and Buffalo Island RR. Co. The extension to Hornersville, 9.99 miles, was
opened for traffic Oct. 25, 1897. A further extension from Hornersville, Mo., to Blythes-
ville, Ark., 15 miles, was expected to be put in operation early in Aug., 1902. Locomotives,
2. Cars — passenger, 2 ; freight (box, 2 ; flat, 1), 3 ; caboose, 1 — total, 6.
Operations, year ending June 30, 1901. — Trains run (passenger, 20,980 ; mixed, 12,610),
33,590 miles. Passengers carried, 36,397 ; carried ono mile, 370,041. Tons freight moved,
40,867; moved one mile, 417,696. Earnings (passenger, $14,223; freight, $32,550; other,
$4,667), $51,440. Operating expenses, $34,288. Net earnings, $17,152. Payments : Inter-
est on bonds, $6,000; taxes, $1,498; other deduction, $358— total, $7,856. Surplus, $9,296 ;
surplus forward, $35,881— total, $45,177. Deductions during the year, $2,364. Surplus,
June 30, 1901, $42,813.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $100,000; funded
debt (1st 6s of 1913), $100,000; current liabilities, $22,185 ; profit and loss, $42,813— total,
$264,998. Contra : Cost of road, etc., $252,910 ; materials, etc., $6,567 ; cash, $5,521—
total, $264,998. The St. Louis Southwestern Ry. Co. owns $56,000 of the bonds and an
equal amount of the capital stock.
Directors. — W. C. Hasty, A. Bertig, Paragould, Ark., F. H. Britton, St. Louis, Mo.;
R. H. Bowron, Tyler, Tex. ; J. C. Hawthorne, Jonesboro, Ark. OFFICERS. W. C. HASTY, Pres.
& Gen. Mgr., Paragould, Ark.; F. H. Britton, 1st Vice-Pres., St. Louis, Mo.; A. Bertig, 2d
Vice-Pres.; J. S. Yates, Treas.; D. Loeb, Sec.; J. M. Lowe, Aud., Paragould, Ark. GEN-
ERAL OFFICE, Paragould, Ark.
PINE BLUFF ARKANSAS RIVER RY.— Rob Roy to English, Ark., 20 m.; trackage :
St. L. S. W. Ry., Pine Bluff to Rob Roy, Ark., 8 m. — total operated, 28 miles. Sidings owned,
1.05 miles. Rail (steel, 21.05 m.), 40 Ibs. Gauge, 4 ft. 8| in. Chartered Jan. 6, 1898, as
successor to the Pine Bluff and Eastern RR. Co. (see MANUAL for 1897, page 215). Loco-
motive, 1. Cars — passenger, 1 ; baggage, etc., 1 ; freight (flat), 2 — total, 4.
Operations, year ending June 30, 1901. — Trains run (mixed), 17,395 miles. Passen-
gers carried, 17,856; carried one mile, 261,377. Tons freight moved, 10,626; ton-miles,
293,277. Earnings (passenger, $7,562; freight, $18,626 ; other, $904), $27,092. Oper-
ating expenses, $15,680. Net earnings, $11,412. Payments : Interest on bonds, $5,000 ;
other interest, $130 ; taxes, $747— total, $5,877. Surplus, $5,535 ; deficit forward, $1,524;
net surplus, $4,011.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $200,000 ; funded
debt (1st gold 5s of Feb., 1928), $100,000 ; interest accrued, $2,083 ; taxes accrued, $275 ;
other liabilities, $2,755; profit and loss, $4,011 — total, $309,124. Contra: Cost of road and
equipment, $300,000 ; construction accounts, $836 ; materials, etc., $488; cash and cur-
rent assets, $7,800— total, $309,124.
POOR'S MANUAL OF RAILROADS.
503
Directors.— Wm. H. Langford, J. M. Taylor, Pine Bluff, Ark.; H. E. Martin, Hot
Springs, Ark.; F. P. Brittou, St. Louis, Mo.; W. II. Taylor, New York, N. Y. OFFICERS:
Wm. H. Langford, Pres. & Treas.; C. G. Loving, Asst. to Pres.; J. M. Taylor, Viee-Pres.,
Pine Bluff, Ark. ; H. E. Martin, Sec., Hot Springs, Ark. GENERAL OFFICE, Pine Bluff, Ark.
TEXAS AND PACIFIC RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 7
Directors and Officers 12
Earnings, Expenses, etc., 1901 ... 4
Earnings, Expenses, etc., 1894-
1901... 5
Funded Debt, Details of 8
Gen. Assets, Dec. 31, 1901 9
Gen. Balance Sheet, Dec. 31, 1901 6
History 2
Income Account, Dec. 31, 1901 ... 4
Land Grant 11
Mileage Operated 1
Operations, 1894-1901 5
Rolling St9ck 3
Securities in Treasury 10
326.04 miles.
239.22
252.81
521.49
34.13
58.51
7.12
1.00
6.29
28.20
71.24
10.81
34.20
93.00
1. Mileage Operated, Dec. 31, 1901 (owned, 1,591.06 miles).
Louisiana Division ; New Orleans to Shreveport, La
Transcontinental Division: T. C. June, via Whitesboro, to Fort Worth, Tex. .
Eastern Division : Texarkana via Marshall to Fort Worth, Tex
Rio Grande Division : Fort Worth, to Sierra Blanca, Tex
Marshall Section : Reisor, to Marshall, Tex
Port Allen Branch : Baton Rouge to Turnbull's Island, La
Indian Village Branch ; Plaquemine to Indian Village, La
Wtttwego BrancJi : Westwego Junction to Westwego, La
Coal Branches : Main Line to Coal Mines
La Fourche Branch : Donaldsonville to Thibodeaux, La
Texarkana District : Texarkaua to Shreveport, La
Natchitoches Branch ; Cypress to Natchitoches, La
Avoyelles Branch ; Bunkie to Marksville and Sinimesport, La
TRACKAGE : Oalv., Harrisb. & San Antonio Ry.: Sierra Blanca to El Paso, Tex.
Total length of lines operated, Dec. 31, 1901 1,684.06 miles.
Sidings, etc., 362 miles. Gauge, 4 ft. 8| in. Rail (steel, 1,684.06 m.), 56, 63, and 75 Ibs.
2. History. — Organized under Act of Congress, March 3, 1871, and the general railroad
laws of the State of Texas, and acquired the properties of the Southern Pacific, the South-
ern Transcontinental, and the Memphis, El Paso and Pacific RR. Cos. Reorganized after
foreclosure sale on Nov. 8, 1887. (See MANUAL for 1899, page 594.) Between Sierra Blanca
and El Paso, 93 miles, the track is used jointly with the Galveston, Harrisburg and San
Antonio Ry., this company paying one-half taxes, station expenses, and cost of maintenance,
and also 6 p. c. on $10,000 per mile.
The extension of the Port Allen Branch from Port Allen to New Roads, La., 25 miles,
was put in operation on March 1, 1900 ; and a further extension, from New Roads to Turn-
bull's Island, 25 miles, was completed in Nov., 1901. The La Fourche Branch, from Donald-
sonville to Napoleon ville, La., 11.6 miles, was put in operation Oct. 15, 1900: an extension of
it from Napoleonville to Thibodeaux, La., 17 miles, was opened May 10, 1901. Further
extensions in Louisiana aro projected as follows : From Natchitoches to Shreveport, 70
miles, of which the section from Natchitoches to Lake End, 19.19 miles, had been completed
June 1, 1902; and from Turnbull's Island to Concordia, 50 miles. Work is in progress on
both extensions, and they are expected to be in operation by Jan. 1, 1903. The Avoyelles
RR., from Bunkie to Simmesport, La., with branch to Marksville, together 34.2 miles, was
purchased in March, 1900. (See MANUAL for 1900, page 450.) The Texarkana, Shreveport
and Natchez Ry., in operation from Texarkana, Ark., to Shreveport, La., 71.24 miles, and
projected to Natchez, Miss., a total of about 200 miles, was purchased on Feb. 9, 1901. (See
MANUAL for 1900, page 547.) The Natchitoches and Red River Valley Ry., from Cypress to
Grand Ecore, La., 16 miles, was purchased in March, 1901. (See MANUAL for 1900, page
456.) All of the mileage described, whether constructed or acquired by purchase, is subject
to the lien of the Louisiana Division Branch Lines Mortgage (see Sec. 8), and will be operated
by the Texas and Pacific Ry. Co. as branches of its system.
The company owns the Denison and Pacific Suburban Ry., extending from Sherman to
Denison, Tex., 7.3 miles, but that road is operated separately. (See MANUAL for 1896, page
912 ; also subjoined statement for D. & P. S. Ry.) Under the terms of the contract covering
504
POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
the construction of the road the capital stock and bonds of the Denison and Pacific Suburl
Ky. Co. were delivered to the Texas and Pacific Ry. Co. during the year 1900, and are hel
in the treasury of the company.
3. Rollins? Stock, Dec. 81, 1901. — Locomotives, 277. Cars — passenger, 66 ; combinatic
18 ; excursion, 1 ; business, 3 ; chair, 21 ; baggage and express, 26 ; baggage and mail
18; postal, 4; f i eight (box, 4,039 ; flat, 1,126 ; stock, 155; coal, 553; tank, 7; refrigerator,
10 ; fruit, 32 ; caboose, 125), 6,047 ; service, 348 — total, 6,552. The company also owns 2
transfer steamers.
4. General Income Account, year ending December 31, 1901.
Earn Ings— Passenger $2,545,420 75
Freight 8,396,681 40
Mail and Express 490,765 57
Miscellaneous 337,074 16
Expanses— Maint. of Way and Structures.. $1,803,716 01
Maintenance of Equipment 1,3'x'
Conducting Transportation 4,54-!,
General Expenses 310.828 59
Total ($7,203.15 per mile) $11,769,941 88 Total ($4,917.04 per mile) $8,034,450 19
4a. Net earnings (31. 74 p. c.), $3,735,491.69; add other receipts (Westwego Elevator,
$126,338.78; land and town, lot sales, $72,214.66; interest and sundry items, $164,581.16),
$363,134.60— total, $4,098,626.29. Payments : Interest on funded debt, $1,393,814.17 ; taxes,
$291,483.64; new buildings and shops, $249,932.07; new equipment, $676,419— total,
$2,611,648.88. Surplus, $1,486,977.41 ; surplus for 1900 ($2,622,982, less dividend paid on
2d mtge. income bonds, March 1, 1901, $929,520), $1,733,462. Surplus, Dec. 31, 1901,
$3,220,439.41.
5. Comparative statement of traffic earnings, expenses, etc., for eight years ending
Dec. 31 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad (aver.) . . .
Passenger Train Miles
Freight Train Miles
1,499
1.974,506
2,844,645
1,087,155
70,661,358
1,746,428
435,438,518
$
1,701,920
5,194,510
456,583
1,499
1.968,310
2,810,504
1,037,785
65,615,834
1,928,934
443,488,440
1
1,659,880
4,914,646
440,783
1.499
2,003,510
2,709,773
996,161
60,183,992
1,874,739
414,477,264
1
1,532,846
4,847,201
445,098
1,499
1.888,440
3,319,982
1,004,870
58,738,584
2.306.689
548,323,830
$
1,403,028
5,685,170
439,851
1,499
2,037,214
3,372,693
1,206,162
74,261,323
2,356,872
512.005,537
$
1,708,772
5,768,602
469,129
1,492
2,028,796
3,330,025
1,304.068
78,892,315
2,606,980
502,534,762
$
1,878,086
5,744,743
677,357
1,527
2,200,410
3,738,244
1,506,508
85,999,435
2,891,322
670,117,052
$
2,117,377
6,869,302
764,442
1,684
2,3lf,894
4,521,951
1.839.338
101,962,714
3,792,692
882,755,595
S
2.545,421
8,396,681
827,840
Passengers Carried
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Earnings Passenger
Freight
Miscellaneous . .
Gross Traffic Earnings —
Transportat ion Expenses . .
Net Traffic Earnings.
7,353,013
5,290,374
7,015,309
5,188,437
6,825,145
5,153,57'8
7,588,649
5,414,109
8,006,503
5,648,571
8.300,186
5,848,866
9.751,121
6,581,632
11,769,942
8,034,450
2,062,639
1,866,257
1,826,872
1,758,224
1,671,567
1,787,112
2,174,540
1,876,869
2,357,932
2,484,559
2,451,320
2,134,912
3,169,490
2,221,390
3,735,492
2,611,649
Int'st, Betterments, etc. . . .
Surplus Revenue *
196,382
4,905 28
3,529 27
1,37001
71. 95 p. c.
2.41 C.
1.19C.
68,648
4,679 99
3,461 26
1.21873
73. 96 p. C.
2.53 c.
1.11 C.
efe/.l 15,545
4,55313
3,438 01
1,11512
75.51 p. c.
2.55 C.
1.17 C.
297,671
5,062 47
3,61182
1,45065
71. 34 p. c.
2.48 c.
1.04 c.
de/.126,627
5.341 23
3,708 22
1,57301
70. 55 p. c.
2.38 c.
1.13C.
316,408
5,563 13
3,90215
1,64298
70.47 p. C.
2.38 c.
1.02 C.
948,100
6,38580
4,310 11
2,075 69
67.50 p. c.
2.46 c.
1.03 C.
1,123,843
7,203 15
4,91704
2,28611
68. 26 p. c.
2.49 C.
0.95 c.
Gross Earnings per Mile. . .
Oper. Expenses per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate p. Puss, p. Mile..
Av. Rate p. Ton p. Mile.. . .
* Not including miscellaneous income.
6. General Balance Sheet, December 31, 1901.
Cost of Road and Equipment $80,515,167 06
Louisiana Branch Lines 2,415,443 93
* Capital Stock N. O. Pac. Ry. Co 6,712,500 00
General Assets (see Sec. 9) 4,461,983 70
Securities in Treasury (see Sec. 10) 2,066,190 10
Cash 2,055,899 57
Accounts Collectible 1,145,647 90
Land Notes Receivable
39,152 68
Total Assets $99,411,984 94
Capital Stock (see Sec. 7) $38,760,110 00
Funded Debt (see Sec. 8) 55,479,453 83
Interest Scrip, Income and Land Grant
Bonds (retirable under the provisions of
Reorganization Agreement with Income
and Land Grant Bondholders) 142,022 00
Other Scrip 8,820 57
Equipment Obligations
890,787 50
Current Liabilities 1,473,741 9.">
Donated Land and Town Lot Sales 36,609 68
Income Account Credit Balance 3,220. i
Total Liabilities $99741'
* This is not an available asset in any sense, but is held by the company simply to protect certain rights
and franchises appertaining to its line in the State of Louisiana.
7. Capital Stock.— The authorized capital stock is $50,000,000 in $100 shares.
POOR'S MANUAL — TEXAS AND PACIFIC SYSTEM.
505
K. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $55,479,453.83, as per
general balance sheet— consisted of $9,000 old 6 p. c. bonds -unredeemed and the following live issues
(additional particulars are in the Ready Reference Bond List — see General Index):
$3,O7-1.OOO Eastern Division 1st gold sinking*
fund 6s of March I, 1905, secured on the line
from Texarkana and" Marshall to Fort Worth.
Then* is a sinking fund provision in the mort-
gage for redemption each year of 2 p. c. of the
lii'tids outstanding, at par.
24,092,259.62 1st consol. gold 5s of June 1, 2,000,
secured on all the property and assets of the
company, of whatever name or nature, except
such as are covered by the lien of the new
Louisiana Divison Branch Lines Mortgage, but
subject in lien to the Eastern Division 1st mtge.
bonds on the line from Texarkana and Marshall
to Fort Worth. For the retirement of these
prior lien bonds $3,074,000 of the 1st consol.
mtge. bonds are reserved by the trustee.
24,J)8O,1O4.21 2d consol. income gold 5s of
Dec. 1, 2000, secured on the same property as the
1st consols, but subject to the lien thereof.
Interest is payable only to the extent that the
yearly net earnings will permit, and is non-
cumulative. The first payment of interest, 1J
p. c., was made on March 1, 1900, the second,
4 p. c., on March 1, 1901, and the third, 5 p. c.,
on March 1, 1902. The mortgage provides that
in case of the non-payment of full interest in any
year, the trustee may take possession of the prop-
erty and manage it under the direction of a com-
is also provided
that if, in the opinion of two-thirds of the
directors, it becomes necessary to build or ac-
quire branch lines, the interest on expenditures
for such purposes up to $12,500 per mile shall be
made a rental charge to take precedence of the
interest on the 2d consol. mtge. bonds. Holders
of these bonds have the privilege of exchanging
them for 65 p. c. of their face value in unifying
and refunding mortgage bonds of the St. Louis,
Iron Mountain and Southern Ry. Co.
$2,424,OOO Louisiana Division Branch Lines 1st
gold 5s of Jan. 1,1931. These bonds are author-
ized to the amount of $7,000,000, for the con-
struction or acquisition of extensions and branch
lines in the States of Louisiana and Arkansas, at
the rate of $12,500 per mile of constructed and
equipped road. The bonds outstanding were issued
to reimburse the company the cost of the lines
constructed during 1900-1901, to replace $312,000
of bonds secured on the Port Allen Branch, and to
pay for the railroads purchased (see Sec. 2). These
bonds cover the Port Allen Branch, 58.51 miles;
the La Fourche Branch, 28.2 miles; the Avoyellea
Branch, 34.2 miles; the Texarkana District, 71.24
miles; and the Natchitoches Branch, 10.81 miles
—a total of 202.96 miles. After Dec. 31, 1901,
there iccre issued $237,000 additional on the
extension from Natchitoches to Lake End, 19.19
miles.
mittee of the bondholders. It
9. General Assets. — Thesa consisted of the following: 1st consol. mtge. bonds reserved to retire
outstanding Eastern Div. bonds, $3,074,000; Gordon Coal Mine Property, $141,440.27; grain elevators,
Westwego, La. (" A," $95,159.07; " B," $298,778.29), $393,937.36; sinking fund 1st mtge. Eastern Div.
bends, $6,815; materials on hand, $564,897; new equipment, $180,894.07; insurance fund, $100,000— total,
$4,461,983.70.
10. Securities In Treasury. — The following were in the treasury of the company on Dec. 31,
1901: Texas and Pacific 2d mtge. income bonds, $1,762,000; Denison and Pacific Suburban Ry. Co. bonas and
stock, $200,000; other securities, $104,190.10— total, $2,066,190.10.
11. Land Grant. — Under the reorganization in 1887 the lands of this company were disposed of to
the Texas Pacific Land Trust, organized by the holders of land bonds, for the purpose of acquiring the
lands. In June, 1888, there were issued $10,370,000 of certificates of proprietary interest, in accordance with
a declaration of trust, dated Feb. 1, 1888, made by Charles J. Canda, Simeon J. Drake and William
Strauss, filed with the Central Trust Co. of New York. (See Manual for 1888, page 824.)
During the year 1901, town lots to the number of 795 were sold for $51,292, an average of $37.30 each.
Sales of land during the year amounted to 5,967 acres for $14,565.60, an average of $2.44 per acre. The
assets of the Land Department at the close of the year 1901 consisted of a very large number of town lots,
situate in some 58 towns along the line, and 65,573 acres of land situate in 30 different counties; also
$39,152.68 in bills receivable and $8,075.57 cash on hand.
112. Directors (elected March 19, 1902).— Samuel Sloan, R. M. Gallaway, John T. Terry,
George J. Gould, Thomas T. Eckert, Russell Sage, C. M. McGhee, C. E. Satterlee, Howard
Gould, John P. Munn, Frank Jay Gould, Winslow S. Pierce, Louis Fitzgerald, A. L. Hop.
kins, Edwin Gould, New York, N. Y. ; Isaac «1. Wistar, Philadelphia, Pa.; L. S. Thome,
Dallas, Tex.
GEORGE J. GOULD, President New York, N. Y.
L. S. Thome, 1st Vice-P resident and General Manager Dallas, Tex.
Frank Jay Gould, 2d Vice- President New York, N. Y.
Sec. <fc Treas.—C. E. Satterlee New York, N. Y.
Atst. Sec. & Asst. Treas.—'L. S. Smith Dallas, Tex.
Auditor— Richard Fenby Dallas, Tex.
Gen. Counsel— John F. Dillon New York, N. Y.
GENERAL OFFICE Dallas, Tex. | New York Office 195 Broadway.
TEXAS AND PACIFIC SYSTEM.— Railroad Owned or Controlled by the Texas
and Pacific Ry.
DENISON AND PACIFIC SUBURBAN RY.— Sherman to Denison Tex., 7.63m.; total
track, 8.98 miles. Gauge, 4 ft. 8£ in. Rail (steel) 03 Ibs. Chartered June 5, 1895 ; road
opened in Feb.. 1896. For statement showing the relation between this company and the
Texas and Pacific Ry. Co., see MANUAL for 1896, p«ge 91V. Earnings, year e< ding June 30,
1901, $18,135. Operating expenses and taxes, $24,003. Deficit, $5.868 ; deficit forward,
$48,581— total, $54,449. Capital stock, $100,000. Funded debt, $100,000. Stock and bonds
are all owned by the Texas and Pacific Ry. Co. L. S. THORNE, Pres. & Gen. Mgr., Dallas,
Tex.; W. Gumming, Vice-Pres., Denison, Tex.; L. S. Smith, Treas.; R. Fenby, Sec., Dallas,
Tex.
506 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
ANGELINA AND NECHES RIVER RR.— Keltys to Manton, Tex., 10 m.; total track (steel; 35
Ibs.), 10.75 miles. Gauge, 3 ft. Chartered Aug. 6, 1900, and acquired a logping road, which has been transformed
into a common carrier. Connection is made with the St. Louis Southwestern Ry. at Keltys, and with the Texas
and New Orleans Ry. at Manton. Locomotives, 2. Cars (logging), 21.
Operations, year ending June 30, 1901.— Gross Earnings, $14,749. Operating expenses, $13,507. Net
earnings, $1,242.
Financial Statement, June 30, 1901.— Capital stock paid in ($75,000 anth.; $100 shares), $55,000. Cost of
road, $51,500.
Directors.— J. H. Kurth, 8. W. Henderson, E. T. Clark, Eli Wiener, Keltys, Tex.; E. J. Mantooth, W M
Glenn, Lufkin, Tex.; Sam Wiener, Jr., Shreveport, La. OFFICERS: J. H. KURTH, Pres. • S W Henderson Vice-
Preg.; Eli Wiener, Sec. & Treat., Keltys, Tex. GENERAL OFFICE, Keltys, Tex.
ARANSAS HARBOR TERMINAL RY.— Projected : Aransas Pass, Tex., to Mustang Island 10
miles. Completed up to July 1, 1900 : Aransas Pass, Tex., to Corpus Christi Channel, 3.2 miles. Gauge, 4 ft 8j in
Rail (steel), 65 Ibs. Chartered July 13, lf-93. A drawbridge is to be built across the Corpus Christi Channel and
the road continued to deep water on Harbor and Mustang Islands. The company has 200 acres of land on
Harbor and Mustang Islands, and 85 acres in the city of Aransas Pass, Tex., for terminal facilities, besides having
other valuable franchises.
General Balance Sheet.— None furnished. The follow!
from the MANUAL for 1898 : Capital stock paid in, $10,000. Fund
March 23, 1921, interest April and Oct. Cost of road, etc., to dai
$250,000. Trustee of bonds : Maryland Trust Co., Baltimore, Md.
Directors.— Alex. Brown, W. B. Brooks, Baltimore, Md.; T. D. Cobb, T. B. Wheeler, Floyd M. Gown,
Thos. H. Franklin, San Antonio, Tex. OFFICERS : W. B. BROOKS, Pres., Baltimore, Md.; T. B. Wheeler, Sec.,
Aransas Pass, Tex. GENERAL OFFICE, Aransas Pass, Tex.
ARKANSAS SOUTHERN RR.— Projected : El Dorado, Ark., to Sabine Pass, Tex., 289 miles. Com-
pleted up to Feb. 1, 1902 : El Dorado to Winnfield La., 101 miles. Gauge, 4 ft. Si in. Chartered March 10, 1899.
Locomotives, 15. Cars— passenger, 3 ; baggage, etc., 1 ; freight (box, 10 ; flat, 15), 25; other, 2— total, 31. The
box cars are held under car trust.
Operations, year ending June 30, 1901 (76 miles).— Earnings (passenger, 843,467 ; freight, $178.522 : other,
$5,548), $227,537. Operating expenses, $87,889. Net earnings, $139,048. Total deductions, $75,462. Surplus,
' General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($3,160,000 anth.; $100
shares), $700,000 ; funded debt (1st 5s of July 1, 1929), $700,000 ; current liabilities, §179,003 ; profit and loss,
$64,304-total, $1,643,307. Contra : Cost of road and equipment, $1,268,063 ; other investments, $300,785 ;
materials, etc., $2,527; bills receivable, $1,254; cash and current assets, $23,351; other assets. $47,327— total
$1,643,307.
Directors.— C. C. Henderson, Ruston, La.; C. E. Neeley, St. Louis, Mo.; R. W. Hide, Jesse B. Moore,
Arkadelphia, Ark.; J. S. Cargile, R. N. Garrett, Cargile, Ark.; W. K. Ramsey, W. W. Brown, J. W. Brown,
W. H. Brown, T. J. Gaughan, Camden, Ark. OFFICERS : J. W. BROWN, Pres., Camden, Ark.; C. E. Neeley, Vice-
Pres., St. Louis, Mo.; W. W. Brown, 2nd Vice-Pres., W. K. Ramsey, 7'reas., T. G. Gaughan, Sec., Camden, Ark.;
C. C. Henderson, Gen. Mgr., Rnstou, La. GENERAL OFFICE, Junction City, Ark.
ARKANSAS SOUTHWESTERN RY.— Smithton to Pike City, Ark., 32.76 m.; Daleville to
Washita, Ark., 28m.— total, 60.76 m- total track (steel ; 35 to 60 Ibs.), 65.56 miles. Gauge, 4 ft. 8* in. Chartered
April 8, 1900, as successor after foreclosure sale, March 13, 1900, to the Southwestern Arkansas aiid Indian Tt rri-
tory RR. Co. (see MANUAL for 1900, page 545). The line from Daleville to Washita, formerly known as "Tltima
Thule, Arkadelphia and Mississippi Ry. (see MANUAL for 1901, page 550), was acquired by this company in IHOI.
Locomotives, 6. Cars— combination, 2; flat and log, 101— total, 103. Gross earnings, year ending June 30, 1901,
$97,618; operating expenses, $95,067; net earnings, $2,551. Capital stock auth. ($12,000 per mile), $396,000.
This stock represents the line from Smithton to Pike City; there was no stock issued on the Ultima Thule,
Arkadelphia and Mississippi RR. A new line has recently been completed from Gurdon to Gurdon June., Ark.,
2.28 miles, making the present length of the road 63.04 miles.
Directors. — W. Grayson, N. W. McLeod, W. E. Gra.yson, St. Louis, Mo.; G. H. Grayson. Arkadelphia,
Ark.; C. G. Carpenter, Daleville, Ark.; Thos. Gage, J. H. Sellers, J. N. Stuart, Gnrdon, Ark. OFFICERS :
W. GRAYSON, Pres.; N. W. McLeod, Vice-Pres. & And.; W. E. Grayson, Treas., St. Louis, Mo.; J. J. Kress,
Gen. Mgr., Smithton, Ark. GENERAL OFFICE, St. Louis, Mo.
ARKANSAS WESTERN RR. -Heavener, I. T., to Waldron, Ark., 33 m. ; total track (steel ; 56 Ibs.),
38 miles. Gauge, 4 ft. 8J in. Chartered Dec. 7, 1899 ; opened from Heavener, I. T., to Cauthron, Ark., Nov. 18,
1901; as above, Jan. 1, 1902. Locomotive, 1. Cars— passenger, 1 ; baggage, etc., 1 ; freight (box, 1 ; flat, 1 ;
coal, 1), 8— total, 5.
Financial Statement, July 1, 1902.— Capital etock ($100 shares), $750,000 ; current indebtedness,
$116,000— total, $866,000. Cost of equipment, $20,000 ; materials, etc., $7,500 ; cash and current assets, $7,600—
total, $35,100. Construction account not yet adjusted.
Directors.— F. E. Wear, F. C. Downey, A. B. Kirkwood, Kansas City, Mo.; T. G. Bates, John T.
Forrester, G. Cox, H. J. Hall, D. A. Edwards, T. M. Duncan, Waldron, Ark. OFFICERS : F. E. WEAR. Pres.;
F. C. Downey, Sec.; F. C. Gay, Traffic Mgr., Kansas City, Mo.; T. G. Bates, Treas.; F. D. Hunt, ,S>i/tf.,
Waldron, Ark. GENERAL OFFICE, Waldron, Ark.
ATCHISON AND EASTERN BRIDGE CO. (THE).— A reorganization in 1898 of the Chicago
and Atchison Bridge Co. (See MANUAL for 1898, page 214.) This company owns and operates a railway and
highway toll bridge, 0.35 mile in length, across the Missouri River at Atchison, Kan., used by the Hannibal and
St. Joseph, Kansas City, St. Joseph, and Council Bluffs, Missouri Pacific, Chicago, Rock Island and Pacific, and
Atchison,Topeka and Santa Fe Rys. Gauge, 4 ft. 6 in. Rail (steel), 70 Ibs.
Operations, year ending Dec. 31, 1901.— Gross earnings, $97,884. Operating expenses and taxes, $20,408.
Net earnings, $77.470. Deductions : Interest on bonds, $24,500 ; loss Atchison National Bank, $8,202 ; sinking
fund, $5,500— total, $38,202. Surplus, applied to renewal of superstructure. $39."?4.
General Balance Sheet, Dec. 30, 1901.— Capital stock ($100 shares), $700,000; funded debt (1st gold 4s
of July 1. 1928; £665,000 auth.), $600,000; bills and accounts payable, $34,475; accrued interest, $12.120; profit and
loss $18.07'2— total, $1,364,667. Contra : Cost of bridge, franchises, etc., $1,332,000 ; cash and accounts, $32,667—
total, $1,364,667.
Directors.— Not reported. OFFICERS : HOWARD P. EKLLS, Pres. & Treas.; James H. Hoyt, Vice-Pres.;
Wm. P. Kelly, Sec., Cleveland, O.; N. D. Todd, Supt., Atchison, Kan. GENERAL OFFICE, Cleveland, O.
BLACK AND CACHE RIVER RR.— Sedgwick to Promised Land, Ark., 15 m.: Promised Land to
Gage, 5 m. ; Promised Land to Fernald, 2.5 m. ; Fernald to Addie, 3 m.— total, 25.5 miles. Gauge, 3 ft. 6 in. Rail
POOR'S MANUAL OF RAILROADS. 507
(steel), 35 and 56 Ibs. Chartered and road opened in 1882. Locomotives, 3. Cars— passenger, 1 ; freight (box, 3 ;
stock, 1 ; flat, 30), 34— total, 35. Cost of road, $100,000. No further information.
Directors.— E. W. Culver, M. C. Culver, B. W. Culver, Jr., Kansas City, Mo. ; J. E. Culver, Springfield,
Mo.; II. A. Culver, Sedgwick, Ark. OFFICERS : E. W. CULVER, Pres.; M. C. Culver, Vice-Pres., Kansas City, Mo.;
H. A. Culver, Vice-Pres. <& Gen. Mgr.; E. W. Culver, Jr., Treas., Sedgwick, Ark.; J. E. Culver, Sec., Springfield,
Mo. GENERAL OFFICK, Sedgwickj Ark.
CANE BELT RR.— Projected : Sealy, Tex., to tidewater on the Gulf of Mexico, about 100 miles. Com-
pleted up to Juno 30, 1901: Sealy to Bay City, Tex., 68.2m.; Lakeside to Calhoun, Tex., 4.3m.; Lane City to
Garwood, Tex., 3.2 m.— total, 75.7 miles. Gauge, 4 ft. 8J in. Rail (steel), 40 Ibs. Chartered March 8, 1898 ; road
opened from Eagle Lake to Bonus, Jan. 1,1899; main line opened as above on Jan. 1, 1900; branches built in
1901. Locomotives, 7. Cars — passenger, 4 ; baggage, etc., 1; freight (box), 11— total, 16. Since June 30, 1901,
there have been added 3 passenger cars and 120 flat freight cars.
Operations, year ending June 30, 1901.— Earnings (passenger, $12,284; freight, $43,986; other, $665),
$56,935. Operating expenses, $30,932. Net earnings, $26,003; other receipts, $1,909— total, $27,912. Payments :
Interest on debt, $20; taxes, $473— total, $493. Surplus, $27,419; surplus forward, $19,609— total, $47,028.
General Balance Sheet, June 30, 1901.— Capital stock ($100,000 auth. ; $100 shares), $19,250 ; funded
debt (1st gold 5s of June 30, 1921), $750,000; current liabilities, $21,698; profit and loss, $47,028— total, $837,976.
Contra: Cost of road and equipment, $550,685; investments, $245,410; cash and current assets, $41,881— total,
$837,976.
Directors.— Jonathan Lane, Houston, Tex.; W. T. Eldridge, I. P. Fell, Chas. Boedeker, Eagle Lake, Tex.;
J. n. Aug. Meyer, Geo. P. Durant, E. H. Coffin, A. A. B. Woerheide, St. Louis, Mo. OFFICERS : JONATHAN
LANE, Pres., Houston, Tex. ; W. T. Eldridge, Vice-Pres. & Gen. Mgr.; I. P. Fell, Sec. <& Treas., Eagle Lake,
Tex. GENERAL OFFICE, Eagle Lake, Tex.
CASSVILLE AND WESTERN RY. -Cassville to Exeter, Mo., 4.51 m.; total track (steel; 56 Ibs.),
5.07 miles. Gauge, 4 ft. 8i in. Chartered March 14, 1896 ; road completed as above in July, 1896. Locomotives,
2. Cars— passenger, 2 ; freight, 2— total, 4. Capital stock, $50,000. The road is owned by John M. Bayless, of
Cassville, Mo.
Directors.— John M. Bayless, D. L. Mitchell, M. M. Bayless, Cassville, Mo.; T. H. Miller, Aurora, Mo.,
W. E. Clark, Topeka, Kan. OFFICERS: JOHN M. BAYLESS, Pres. & Mgr., Cassville, Mo.; W. E. Clark, Vice-
Pres., Topeka, Kan.; D. L. Mitchell, Sec.; W. H. Martin, Treas.. Cassville, Mo. GENERAL OFFICE, Cassville,
Mo.
CHESTER, PERRYVILLE AND STE. GENEVIEVE RY.-Perryville to Ste. Genevieve,
Mo., 28.87 m.; total track (steel ; 56 Ibs.), 31.02 miles. Gauge, 4 ft. 8| in. Chartered March 31, 1899, and acquired
the property of the Chester, Perryville, Ste. Genevieve and Farmington RR. which was sold by the trustee of the
1st mtge. construction 5 p. c. bonds of that company, acting as special commissioner. The road was extended
7.94 miles in 1899. Locomotives, 3. Cars— passenger, 2 ; baggage, etc., 1 ; freight (box, 4 ; flat, 4 ; coal, 3), 11 —
total, 14.
Operations. — All information refused ; for latest statement, see MANUAL for 1901, page 538.
G-eneral Balance Sheet, June 30, 1900 (latest rendered).— Capital stock ($100 shares), $300,000 ; funded
debt (1st gold 5s of July 1, 1919), $140,000 ; current liabilities, $15,005— total, $455,005. Contra : Cost of road
and equipment, $453,642 ; profit and loss, $1,363— total, §455,005.
Directors. — John Tlapek, St. Mary's, Mo.; L. B. Honck, E. F. Blomeyer, Cape Girardeau, Mo.; T. L.
Phillips, J. C. Houck, Perryville, Mo.; Edward Hidden, St. Louis, Mo. OFFICERS: JOHN TLAPEK, Pres., St.
Mary's, Mo.; L. B. Houck, Vice-Pres.; J. C. Houck. Sec. <& Sunt.; Thos. L. Phillips, Treas.; F. M. Dozier,
And., Cape Qirardean, Mo. GENERAL OFFICE, Cape Girardeau, Mo.
COLORADO AND NORTHWESTERN RY.-Boulder to Ward, Col., 26.72 m.; branches and
spurs, 2.57 m.; trackage, Col. & So. By., Boulder to Penn June., Col. ,3.87 m.— total operated, 33.16 miles. A line
is projected from Sunset to Eldora, via Gold Hill, a distance of 19 miles. Gauge, 3ft. Rail (steel), 56 Ibs. Chartered
July 22, 1897, and purchased the rights, privileges, and franchises of the Intermountain Ry. Co. Road opened aa
above about June 6, 1898. Locomotives, 5. Cars— passenger, 10 ; baggage, etc., 1 ; freight (box, 29 ; flat, 10 ;
coal and ore, 60), 99 ; caboose, 2— total, 112.
Operations, year ending June 30, 1901.— Earnings (passenger, $30,432 ; freight, $30,656; other, $3,061),
$64,149. Operating expenses, $58,037. Net earnings, $6,112. Total deductions from income, $41,798. Deficit,
$35,686.
Q-eneral Balance Sheet, Jane 30, 1900 (latest rendered.— Capital stock ($100 shares), $500,000 ; funded
debt (see GENERAL INDEX), $600,000 ; current liabilities, $149,816 ; interest accrued, $32,822— total, $1,282,638.
Contra : Cost of road and equipment, $1,201,568 ; materials, etc., $13,286 ; cash and current assets, $7,398 ; profit
and loss, $60,386— total, $1,282,638.
Directors (elected July 19, 1900).— Wm. C. Culbertson, Frank May, Girard, Pa.; Thos. R. Mann, Chas. B.
Oulbertson, Boulder, Col.; Samuel B. Dick, Meadville, Pa. OFFICERS : WM. C. CULBERTSON, Pres., Girard, Pa.;
8. B. Dick, Vice-Pres., Meadville, Pa.; Chas. B. Culbertson, Treas. <& Qen. Mgr., Boulder, Col.; Frank May, Sec.,
Girard, Pa. ; W. A. Dixon, And., Boulder, Col. GENERAL OFFICE, Boulder, Col.
COLORADO AND WYOMING RY.— Hartville Junction to Sunrise, Wyo., 14.54 m.; total track
(steel ; 65, 75, and 85 Ibs.), 16.41 miles. Gauge, 4 ft. 8| in. Chartered May 9, 18S9 ; road opened in May, 1900.
This is an auxiliary company of the Colorado Fuel and Iron Co. Locomotives, 2. Car (passenger), 1.
Operations, year ending June 30, 1901.— Earnings (passenger, $2,062; freight, $26,687; other, $1,547).
$30,296. Operating expenses, $42,308. Deficit from operations, $12,012. Other deductions, $31,931. Total
deficit, $33,943.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock ($100,000 auth.; $100 shares),
$500; current liabilities, $287,723— total, $288,223. Contra: Cost of road, etc., $270,738; materials, etc., $804;
cash, $15,363 ; profit and loss, $1,318— total, $288,223.
Directors.— J. C. Osgood. J. L. Jerome, J. A. Kebler, A. C. Cass,'Fred. Wilde, Jr., Denver, Col. OFFI-
CERS : J. C. OSGOOD, Pres.; J. A. Kebler, Vice-Pres.; 3. L. Jerome, Treas.; D. C. Beaman, Sec., Denver, Col.
GENERAL OFFICE, Denver, Col.
COLORADO EASTERN RR.— Denver to Scranton, Col., 16.6m.; total track (steel; 21 Ibs.), 16.9 miles.
Gauge, 3 ft. Reorganization, May 21, 1894, of the Colorado Eastern Ry. Co., whose property was sold under fore-
closure on the same date. (See MANUAL for 1892, page 178.) In addition to its railroad, the company's property
consists of 3,360 acres of coal lands held in fee-simple, 640 acres leased from the State of Colorado, besides
valuable terminals, franchises, etc., in the city of Denver. Locomotive, 1. Cars— passenger, 1; freight (flat, 1;
coal, 9), 10— total, 11.
General Balance Sheet, Dec. 31, 1900 (latest rendered).— Capital stock ($100 shares), $1,000,000 ; bills
payable, $105,497— total, $1,105,497. Contra : Cost of road and equipment, $99,967 ; real estate and buildings,
$883.846 ; mine equipment and mine improvement, $30,677 ; other property and assets, $656 ; cash and current
assets, $1,301 ; profit and loss, $89,050-total, $1,105,497.
508 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Directors.— H. T. Rogers, L.M. Cuthbert, Theodore Holland, A. E. Reynolds, Robert McDowell. Denver,
Col.; Bernard J. Burke, C. M. Wicker, New York, N. Y. OFFICERS : H. T.' ROGERS. Prft.j Robert McDowell.
Sec., Denver, Col.; C. L. Ilorton, Treas., New York, N. Y. GENKHAI. OFFICE, Denver, Col. Colliery, Sci
Col. New York Office, 15 Wall St.
COLORADO SPRINGS AND CRIPPLE CREEK DISTRICT RY.-Colomdo Sprin-
Cripple Creek, Col., 45.82 m. ; Cameron to Victor, Col., 5.13 in.; low line from Cripple Creek to Victor. Col
electric and steam), 4.5 m.; high line from Cripple Creek to Victor (electric). 0.3'.i m.; other bnmclio an<
In Cripple Creek District, 4.88 m.; Colorado City Branches, 2.86 m.: branch connection with Atchi*<>n s
1.05 m.— total, 70.07 m.; total track (steel ; 60 and 75 Ibs.), 84.02 miles. Gauge, 4 ft. 8i in. Chart.-rcd A\
1897, as Cripple Creek District Ry.; charter amended Nov. 17. 18117. and present name adopted. The rlrr
from Cripple Creek to Victor, via Midway, was opened Jan. 1, 1898 ; line via Anaconda, Sept. 9, 100(1 : the c tin -r
lines in 1M01 (see MANUAL for 1901, page 538). The road is owned by and operated in the interest of mine i
of the Cripple Creek District. A statement relating to the electric lines will be found elsewhere in the MA.M-AI..
(See GENERAL INDEX— Street Railways.) Locomotives, 12. Cars (passenger, 12 : combination, 4 : :
express, 2 : freight cars, 300 ; caboose, 3), 321. The electric equipment consists of 2 power stations, s motor cars
and 3 trail cars.
Operations, 6 months ending Dec. 31, 1901.— Gross earnings, $304,834. Operating expenses, $!N
Net earnings, $118,047.
Financial Statement, May 24, 1902.— Capital stock (common, 81,200,000 ; preferred 5 p. c. non -cumula-
tive, $800,000; par, $100 per share), $2,000,000. Funded debt, $1.977,000 ($2,000,000 auth.) 1st gold r,s of Jan. 1,
1930, and $1,000.000 2d gold 5s of April 1, 1921— total, $2,977.000. No further Information furnished.
Directors. — Irving Howbert, Wm. Lennox, F. M. Woods, E. W. Giddings, James F. Burns, T. F. I'eck.
K. R. Babbitt, H. G. Lunt, John G. Shields, Colorado Springs. Col.; OFFICERS : IRVIM; Ho\\ KKUT. I'ri-*.; Win.
Lennox, Vice-Prex.; A. C. Ridgway, Gen. Mgr.; F. M. Woods, Treas.; E. F. Draper, Sec. & A**t. Trtt.;*.; L. F.
Linney, Ami., Colorado Springs, Col. GENERAL OFFICE, Colorado Springs, Col.
CRYSTAL RY.— Crystal City to Silica, Mo., 3.50 m.— total track (3.5" m., steel : 60 Ibs.), 4.75 miles.
Gauge, 4 ft. 8£ in. Chartered Nov. 27, 1880, as successor to Crystal City RR. Co.; road opened same day. Owned
by the Crystal Plate Glass Co. Locomotive, 1. Car (passenger), 1.
Operations, year ending June 30, 1901.— Passengers carried, 5,289; carried one mile, 15,807. Tons
freight moved, 18,054; ton-miles, 54.102. Earnings (passenger, $816; freight, §6,503: other, ?5,018i, $12.397.
Operating expenses, $11,244. Net earnings, $1,153. Paid taxes, $348. Surplus, $805 ; surplus forward, $14,121
—total, §14,926.
General Balance Sheet, June 30, 1901.— Capital stock (§100 "hares), §30,000 ; profit and loss, ?1 4,926-
total, representing cost of road, etc., $44,926.
Directors.— Carlos S. Greeley, C. B. Bnrnbam, E. T. Allen, Henry Hitchcock, E. A. Hitchcock, St. Louis,
Mo. OFFICERS : E. A. HITCHCOCK, Pres.; C. B. Burnham, Vice-Pres.; E. T. Allen, Sec. <(• Tf«ia., St. Louis, Mo.;
Louis Phillippi, And., Crystal City, Mo. GENERAL OFFICE, St. Louis, Mo.
CRYSTAL RIVER RR.— Carbondaleto Placita, Col.. 20.10m.: Redstone to Coal Basin, 12.33m.— total,
32.43 m. ; total track (steel ; 56 and 75 Ibs.), 33.11 miles. Gauge, 4 ft. 8i in. Chartered Sept. 6. 1898, as successor
to the Crystal River RR. Co., whose property was sold under foreclosure in the same month. (See MANVAI. for
1898, page 215.) The extension from Hot Springs to Redstone, 4 miles, was built in 1898 ; extension from Red-
stone to Placita, 4 miles, in 1899. A further extension to Crystal, 25 miles, is projected. This is an auxiliary
company of the Colorado Fuel and Iron Co. Locomotive, 1. Car (passenser), 1.
Operations, year ending June 30, 1901.— Earnings (passenger, $5.570 : freight, $62.214 ; other, $5,124),
$72,908. Operating expenses, $51,045. Net earnings, $21,863. Total deductions. $34.392. Deficit, $12,529.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($1.000 000 auth.: $100
shares), $800,000 ; current liabilities, $304,811 ; profit and loss, $1,345— total. $1.106,155. Contra : Cost of road
and equipment, $1,077,028 ; materials, etc., $15,764 ; cash and current assets, $13,363— total, $1,106.155.
Directors.— J. C. Osgood, J. L. Jerome, A. C. Cass, D. C. Beaman, J. A. Kebler, H. R. Wolcott, Denver,
Col.; J. B. Orman, Pueblo, Col. OFFICERS : J. C. OSGOOD, Pres.; J. A. Kebler, Vice-Pres.; J. L. Jerome, Treas.;
D. C. Beaman, Sec., Denver, Col. GENERAL OFFICE, Denver, Col.
DARDANELLE AND RUSSELL VILLE RY.-Dardanelle to Russellville, Ark.. 5 m.; track to
coal mines, 2 m.— total, 7 miles. Gauge, 4 ft. 8^ in. Rail (steel), 45 Ibs. Chartered Feb., 1863 ; road opened
Sept., 1883. Locomotives, 2. Cars (combination), 2. For freight the company uses ca/s furnished by the Mis-
souri Pacific, as all the business of the road is turned over to the Missouri Pacific at Russellville.
Operations, year ending June 30, 1901.— Trains run (mixed), 21.900 miles. Passengers carried, 10,668;
carried one mile, 52,340. Tons freight moved, 24,226; ton-miles, 82.393. Earnings (passenger, $2,938; freight,
$26,018; other, $1,820), $31,371. Operating expenses, $17,658. Net earnings, $13.713. Payments: Interest on
bonds, $5,100 ; taxes, $440 ; other charges, $338— total, $5,878. Surplus, $7,836 ; deductions during year. «53~>;
net surplus, $7,304.
Financial Statement} June 30, 1901.— Capital stock ($100 shares), $200,000; funded debt (1st 6s of Jan.
15, 1920; $100,000 auth.), $85,000-total, $285,000.
Directors.— James E. Skillern, Searcy, Ark.: B. J. Pierce, James K. Perry, J. K. Barry, W. B. Lemoyne,
Dardanelle, Ark.; Geo. B. Rose, Little Rock, Ark.; E. O. McNair, Wm. M. Tenney, Buffalo, N. Y. ; H. C. Maiide-
ville, Elmira, N. Y. OFFICERS: J. E. SKILLERN, Pres., Little Rock. Ark.: E. O. McNair, Ticf-Prea.; W. M.
Tenney, Sec. & Treas., Buffalo, N. Y.; W. B. Lemoyne, Supl., Dardanelle, Ark. GENERAL OFFICE, Darda-
nelle, Ark.
DENVER, LAKEWOOD AND GOLDEN RR.- Denver to Golden. Col.. 13.1 m.; Barnum June,
to Barnum, 3 m.; Ralston June, to Ralston, 8 m.— total, 24.1 m.; total track, 26.1 miles. Gauge, 4 ft. 8J in. Rail
(steel), 30 to 75 Ibs. Chartered June, 1890; road completed as above, 1894. The line from Barnum June, to
Barnum, 3 miles, and one mile of other trackage, are operated exclusively by electricity, nnd 1 mile of the steam
portion is also operated by electricity, making 4 miles of electric trackage, the operations of which are not given
below. Receiver appointed July 31. 1896, on the application of the mortgage trustee. Locomotives, 4. Cars-
passenger, 5; baggage, etc., 1; freight (box, 8; coal, 30), 38— total, 44. Ten of the coal cars (ire leased.
Operations, year ending June 30, 1901.— Trains run (passenger, 36,900 : freight. 9.35it ; other. 150). 46.400
miles. Passengers carried, 97,807; carried one mile, 942,860. Tons freight moved, 65,8(10 : ton-miles, 699.450.
Operating expenses, $34,914. Net earnings, $18,530.
Earnings (passenger, $23,031; freight, $30,413), $53,444.
Deductions during year, $5,811. Surplus, $12,719.
Financial Statement, June 30, 1901.— Capital stock ($100 shares'), §1.000.000, divided /»/> ruta among
bondholders; funded debt (1st 6s of 1910). $627,000— total, $1.627,000. Cost of road and equipment. $771.si;i; real
estate, $2,500; materials, etc., $1,262; cash, $12,965— total. $791,546.
Directors.— C. C. Welch, Geo. C. Moore, Caklwell Yeaman. Frank W. Loyeland. W. F. R. Mills, Denver,
Col.; Samuel Newhonse, Salt Lake City, Utah ; George W. Middleton, Phoenix, Ariz.; John Z. Adams. New York,
N. Y. OFFICERS: W. W. BORST, Receiver, Denver, Col.: SAMUEL NEWHOUPE. Pm. cf- Set., Salt Lake City,
Utah; C. C. Welch, Vice-Pres.; F. W. Loveland, Treas.; B. M. Smith, Aud., Denver, Col. GENERAL OFFICE,
Denver, Col.
POOR'S MANUAL OF RAILROADS. 609
PORT SMITH, POTEATT AND WESTERN RY.-Poteau to Witteyille, Ind. Ter.. 5 miles.
. I ft. 8J in. Kail (steel), 5fi Ibs. Chartered Nov. 21, 1899, as successor to the Indianola Coal and Ry. Co.
Operated in connection with the Devlin-Wear Coal Co. The company owns 1 locomotive and 1 freight car.
Capital stock (3100 shares, full paH), $350,000. Cost, of road and equipment, $00,000.
Directors, -(lias. J. Devlin, F. E. Wear, M. 8. Wear, Jno. L. Christopher, J. G. Norton, W. H. Alston,
Topeka, Kan. OI'FICICKS : C. J. DEVLIN, Pres.; F. E. Wear, Vice-Pres. & Treas.; W. H. Alston, Sec., Topeka,
K:in.; E. Flynn, Stipt., Poteau, Ind. Ter. GENERAL OFFICE, Topeka, Kan.
GULF AND BRAZOS VALLEY RY.— Projected : Eagle Pass, Tex., to Chandler, O. T., with
branches to San Antonio and to Houston, a total of 300 miles. Completed up to June 30, 1901: Peck City to
Mineral Wells, Tex. (steel; 52 and 56 Ibs.), 11 miles. Gauge, 4 ft. 8j- in. Chartered March 14, 1898; road opened,
lir.-t portion for freight and express only, Dec. 13, 1899; regular business throughout, March 1, 1900. Construction
in progress on extension from Mineral Wells to Jackboro', a distance of 31 miles. Locomotives, 2. Car (combi-
nation), 1.
Operations, year ending Oct. 31, 1901. — Gross earnings (passenger, $1,762; freight, $10,669; other, $2,355),
gl4,98(i. Net earnings expended for construction and extension.
Financial Statement, Feb. 1, 1902.— Capital stock (shares, $1), authorized and outstanding, $50,000.
The bonds have been retired and canceled. There is no floating debt.
Directors (elected Feb. 8, 1902).— E. B. Carver, Henrietta, Tex.; H. N. Frost, C. E. Turner, G. C. Rivers,
M. R. Birdwell, T. H. Hammon, E. D. Oliver, H. D. Arnold, Mineral Wells, Tex.; G. E. Bennett, Fort Worth,
Tex. OFFICERS: E. B. CARVER, Pres. & Gen. Mgr., Henrietta, Tex.; G. C. Rivers, 1st Vice-Pres., Sec., Treas., <&
And.; C. E. Turner, 2cl Vice-Pres., Mineral Wells', Tex. GENERAL OFFICE, Mineral Wells, Tex.
GULF AND INTERSTATE RY. OF TEXAS.-Projected : Galveston to Red River, Tex., 380
m.; branch, Winnie to Beaumont, Tex., 25 m.— total, 405 miles. Completed up to June 30, 1900 : Port Bolivar to
Beaumont, Tex., 70.35 miles. Sidings, 6 miles. Gauge, 4 ft. 8$ in. Rail (steel), 54 Ibs. Originally chartered May
lit, 1894, as the Gulf and Interstate Ry. Co. ; charter amended Sept., 1894, and present name adopted. Road com-
pleted as above on March 15, 1896. The line from Port Bolivar to Sea Breeze, about 40 miles, was destroyed by
the Galveston flood. The property was placed in the hands of a receiver on Sept. 21, 1900. Locomotives, 5. Cars
— passenger, 2 ; baggage, etc., 1 ; freight (box, 5 ; flat, 50), 55— total, 58. Of this equipment, 30 flat cars are held
under car trust.
Operations.— All information refused; for latest statement, see MANUAL for 1901, page 540.
General Balance Sheet, June 30, 1900 (latest rendered}.— Capital stock ($100 shares), $71, 000; funded
debt (1st gold 5s of Dec. 26, 1925), $829,000; current liabilities, $486.731— total. 11,386,731. Contra : Cost of road
and equipment, $551.585; bonds in escrow, $642,000 ; lands, $11,450 ; materials, etc., $2,056 ; current accounts and
balances, $1<>,329; profit and loss, $163,311— total, $1,386,731.
Directors. —L. P. Featherstone, Nicholas Weekes, G. B. Miller, C. H. Moore, H. S. Spangler, Julius
Rnnge, E. McCarthy, Galveston, Tex.; Fox Winnie, Newton, Kan. OFFICERS: J. P. O'DONNELL, Rec.; NICHOLAS
WEEKES, Pres.; Wm. Selkirk, Sec., Galveston, Tex. GENERAL OFFICE, Galveeton, Tex.
HAMILTON AND KINGSTON RR.— Kingston, Mo., to Tom Creek Mines, 7m.; Hamilton Coal
Co. RR. (leased), Tom Creek to Main line June., 1.5 m.; H. & St. J. RR. (trackage) Main line Jet. to Hamilton,
Mo.. 0.5 m.— total operated, 9 m.; total track, 9.30 miles. Gauge, 4 ft. 8£ in. Chartered March 2, 1892, as suc-
cessor to the Hamilton and Kingston Ry. Co., whose property was sold under foreclosure March 2, 1892. (See
MANUAL for 1893, page 781.) Locomotives, 2. Cars— combination, 1 ; freight (box, 1 ; flat, 1), 2— total, 3.
Operations.— All information refused; for latest statement, see MANUAL for 1901, page 540.
General Balance Sheet, June 30, 1900 (latest rendered}.— Capital stock ($100 shares), $9,600 ; contract
mortgage (6 p. c.), §20,000; loans and bills payable, $26,305; current liabilities, $135— total, $56,040. Contra: Cost
of road and equipment, $40,831 ; cash and current assets, $1,171; profit and loss, $14,038— total, $56,040.
Directors.— Frank Clark, Hiram Tilley, J. N. Morton, S. A. Mooney, Hamilton, Mo.; S. C. Rogers, J. H.
Bothoff, C. S. McLanghlin, D. G. McDonald, Kingston, Mo. OFFICERS : S. C. ROGERS, I'res.; Hiram Tilley, Vice-
Pres.; Frank Clark, Gen. Mgr.; 3. H. Bothoff, Treas.; C. W. M. Love, Sec. GENERAL OFFICE, Kingston, Mo.
HANNIBAL UNION DEPOT CO.— Owns terminals at Hannibal. Mo., 0.90 mile. Gauge, 4 ft. 8* in.
Chartered June 13, 1881 ; depot opened May 14, 1882. The station is used jointly by the C., B. & 5., the St. L.,
K. & N. W., the H. & St. J., the Wabash, and the M., K. & T. RRs., and all deficits, interest on bonds, and
retirements are provided for by those companies.
Operations, year ending June 30, 1901.— Gross receipts (rentals, $20,404; miscellaneous, $1,118). $21,522.
Operating expenses, $12,857. Net earnings, $8,665. Payments: Interest on bonds, $2,496 ; taxes, $665 ; bonds
retired, $tt,000— total, $9.161. Deficit, $496; surplus forward, $1,098; net surplus, $602.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($100,000 auth.; $100 shares), $40,000;
funded debt (1st 6s of July 1, 1906), $41,000; bonds drawn for payment, $6,000; current liabilities, $990; accrued
interest, $1,440; other liabilities, $214; profit and loss, $602— total, $90,246. Contra: Cost of property, $81,000;
bills receivable, $1,806; cash in bank, $7,440— total, $90,246.
Directors.— S. E. Crance, J. H. Sturgis, St. Joseph, Mo.; J. D. Besler, Chicago, 111.; H. L. Majgee, M.
Sweeney, St. Louis, Mo.; W. E. Cunningham, Hannibal, Mo. OFFICERS : S. E. CHANCE, Pres.; J. H. Sturgis,
Sec. & Treas., St. Joseph, Mo.; Charles N. Lee, Sitpt., Hannibal, Mo. GENERAL OFFICE, Hannibal, Mo.
HEARNE AND BRAZOS VALLEY RR.-Junction I. & G. N. RR. near Hearne to Stone City,
Tex., 16.43 m.; total track (steel: 40 Ibs.), 17.18 miles. Trackage: L & G. N. UK., I. & G. N. June, to Hearne,
Tex., 2.40 miles. Gauge, 4 ft. 8.} in. Rail (steel), 40 Ibs. Chartered May 18, 1891 ; road built in 1892. Sold March
10, 1899, to Whiting G. Snow. 2 Wall St.. New York, N. Y. Locomotive, 1. Cars— passenger, 2; caboose, 1— total, 3.
Operations, year ending June 30, 1901.— Trains run (passenger, 6,818; freight, 20,454), 27,272 miles. Tons
freight moved, 5,!iul. Earnings (passenger, $3,361; freight, $10,207; other, $891), $14,459. Operating expenses,
$17,981. Deficit, $3,522. Paid interest, $2; taxes, $1,090— total, $1.092. Net deficit for year, $4.614; surplus
forward, $60,590; net surplus, $55,976.
General Balance Sheet, June 30, 1897 (latest rendered).— Capita.} stock paid in ($100,000 anth.; $50
shares), §52.870 ; bills payable, $4.243 ; profit and loss, $62,083— total, $119,195. Contra : Cost of road, etc., $116,-
346 ; materials, etc.. $1,662 ; cash and accounts, $1,187— total, $119,195.
Directors. — Hot reported. OFFICERS: THOS. H. HUBBARD, Pres., New York, N. Y.; P. A. Gorman, Vice-
Pres. <fc Gen. Mgr.; W. P. Ferguson, Sec. & Treas.; H. H. Perry, And., Hearne, Tex. GENERAL OFFICE,
Hearne, Tex.
HOUSTON, BRAZOS AND NORTHERN RY.— Projected : Houston, Tex., into Indian Terri-
tory, 400 miles. Completed, July 1, 1900, 4 miles. Gauge, 4 ft. 8J in. Rail (steel, 2 m.), 60 Ibs. Chartered Nov.
18, 1899, and purchased the rights and franchises of the Texas Western Ry. Surveys have been completed as far
north from Houston as the latitude of Dallas and Fort Worth, and the line located and finally adopted for a dis-
tance of about 185 miles. Track-laying was begun in June, 1900. Grading completed in June, 1901, for a distance
of 53.5 miles. Capital stock authorized, $5,000.000; paid in, S600,000.
Directors. -J. P. Smith, A. M. Carter, Fort Worth, Tex.; E. W. Ward, Elizabeth, N. J.; F. A. Rice, J. L.
Mitchell, R. M. HaM, Houston, Tec.; J. H. Haw ley, Galveston, Tex. OFFICERS : R. M. HALL, Pres., Houston,
510 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
Tex.; J. P. Smith, Vlce-Pret., Port Worth, Tex.; P. A. Rice, See. & Treat., Houston, Tex. GENERAL OmcB,
Houston, Tex.
JONESBORO, LAKE CITY AND EASTERN RR.— Projected : JoneBboro to Blythesville
Ark , about 57 miles. Completed up to July 1, 1900: Jonesboro to Leachville, Ark., 30.6 in.; trackage. K <
& M RR. : Jonesboro to Jonesboro June., Ark., 0.80 m.— total operated, 31.4 miles. Sidings, 300 ft. Gauge, 4 ft
8t in. Rail (steel, 23.40m.), 45 and 56 Ibs. Chartered May 7, 1897; road opened Sept. 1, 1890 i-co M, \NTAL for
1900, page 538). Locomotives, 3. Cars— passenger, 11; baggage, etc., 1; freight (box, 10; flat, 10), 20— total, 32.
Operations.— All information refused; for latest statement, see MANUAL for 1901, page 541.
General Balance Sheet, June 30, 1900 (latest rendered).— Loans and bills payable, $161,811; current
liabilities, $4,420; accrued liabilities, $1,619; profit and loss, $21,463— total. $189,314. Contra: Cost of road and
equipment, $160.463; materials, etc., $53; current assets, $28,798— total, $189,314.
Stock and Bonds.— Capital stock authorized ($1.000 shares), $225,000; none issued. The company ha«
$225,000 1st gold 6s of I'.tlS hypothecated as security for a loan.
Directors.— J. E. Jones, E. F. Brown, A. J. Kerfoot, A. L. Krewson, H. Alfrey, Jonesboro, Ark.; F. Keich,
Nettleton, Ark. OFFICERS: J. E. JONES, Pres. & Treas.; A. L. Krewson, Yice-Pres.; A. J. Kerfoot, Gen. Mgr.;
E. F. Brown, Stc. ; S. K. Lenoir, Aud., Jonesboro. Ark. GENERAL OFFICE, Jonesboro, Ark.
KANSAS AND TEXAS COAL RY.— Ardmore to Bevier, Mo., 8m.; leased, Excello Branch of
Wabash UR., Ardmore to Excello, Mo., 5 m.— total, 13 miles. Gauge, 4 ft. 8} in. Rail (steel), 63 Ibs. Chartered
May 5, 1898, under the laws of Missouri. Road built from Bevier to Mine 61, a distance of 3 miles, in 1898;
extended to Ardmore in 1899. Road opened in Nov. 1, 1899. Built to develop the property of the Kansas and
Texas Coal Co., which owns about 16,000 acres of coal lands along the line of the road. Locomotives, 2.
Construction cars, 6. Capital stock, $100,000. No further information obtainable.
Directors.— B. F. Hobart, George B. Leighton, W. P. Heath, E. B. Loveland, William Hall, St. Louis, Mo.
OFFICERS: B. F. HOBART, Pres.; George B. Leighton, Vice-Pres.; W. P. Heath, Sec., Treas., & Aud., St. Louis,
Mo. GENERAL OFFICE, St. Louis, Mo.
KANSAS CITY BELT RY. -Argentine, Kan., to Blue River Valley, Mo., 8.70 m.; total track. 44.49
miles. Rail (steel), 60 and 75 Ibs. Gauge, 4 ft. 81 in. Consolidation, March 13, 1886, of the Kansas City Belt RR.
Co. of Missouri and the Kansas City Belt RR. Co. of Kansas (see MANUAL for 1891, page 263). The property is
owned one-half by the Atchison, Topeka and Santa Fe Ry. Co., three-tenths by the Kansas City, Fort Scott and
Memphis RR. Co., and two-tenths by the Chicago, Milwaukee and St. Paul Ry. Co. Locomotives, 9. Freight
cars (box, 4; other, 17), 21.
Operations, year ending June 30, 1901.— Earnings (freight, $172,896; other, $18,310), $191,206. Operating
expenses, $126,904. Net earnings, $64,302; other receipts, $99,989— total, $164,291. Payments: Interest on bonds,
$123.000; other interest, $393; taxes. $12,756— total, $136,149. Surplus, $28,142; surplus forward, $145,402— total,
$173,544. Deductions during year, $8,640. Surplus June 30, 1901, $164.904.
General Balance Sheet, June 30, 1901.— Capital stock ($2,500,000 anth.; $100 shares), $150,000; funded
debt (1st 6s of July 1, 1S16; $2,500,000 auth.), $2,050,000; notes payable, $225,000; current liabilities, $28,543;
accrued interest, $62,130; accrued taxes, $5,827; profit and loss, $164,904— total, $2,686,404. Contra: Cost of road
and equipment, $2,509,741; investments, $11,775; materials, etc., $19,444; cash and current assets, $143.661; bills
receivable, $1,783 -total, $2,686,404.
Directors.— B. L. Winchell, Wallace Pratt, Kansas City, Mo.; A. J. Earling, H. R. Williams. Chicago,
111.; E. O. Faulkner, E. Wilder, H. U. Mudge, Topeka, Kan. OFFICERS : H. U. MUDGE, Pres., Topeka, Kan.;
B. L. Winchell, Wce-Prett., St. Louis, Mo.; Edward Wilder, Treas., Topeka, Kan.; C. C. Ripley, Sec., Kansas City,
Mo. GENERAL OFFICE, Kansas City, Mo.
LEAVENWORTH AND TOPEKA RY. (THE).— Leavenworth to Meriden June., Kan., 44.66
m.; trackage (A., T. & S. F. Ry.), Meriden June, to Topeka, Kan., 10.19 m.— total operated, 56.12 miles. Sidings,
2.43 miles. Gauge, 4 ft. 8| in. Rail (steel, 7.5 m.), 48 and 52 Ibs. Chartered Dec. 29, 1899, as successor to the
Leavenworth, Topeka and Southwestern Ry. Co. (See MANUAL for 1899, page 606.) The new company assumed
operation on Feb. 1, 1900. Owned jointly by the Union Pacific RR. and the Atchison, Topeka and Santa Fe Ry.
Cos. Locomotive,!. Cars— combination, 2; freight (box, 1; flat, 12; coal, 11), 24— total, 26. Capital stock,
(authorized, $250,000; $100 shares) paid in, $50,000.
Operations, year ending June 30, 1901.— Gross earnings (passenger, §8,772 : freight. $13,176; other, $12,127),
$34,075. Operating expenses, $48,985; other deductions, $13,220— total, $62,205. Deficit, $28,130.
Directors (elected Oct. 31, 1901).— J. O. Brinkerhoff, Kansas City, Mo.; C. T. McLellan, H. U. Mudge, A. A.
Hnrd, E. Wilder, A. L. Williams, N. H. Loomis, Topeka, Kan. OFFICERS: C. T. MCLELLAN, Pres. & Gen. Mgr.;
Edward Wilder, Sec. & Treas., Topeka, Kan. GENERAL OFFICE, Topeka, Kan.
LEAVENWORTH TERMINAL RY. AND BRIDGE.— Stillings, Mo., to Leavenworth, Kan.,
1.75 m.; total track (steel ; 65 Ibs.), 2.50 miles. Gauge, 4 ft. 8J in. Chartered Jan. 16, 1892 ; bridge opened, Jan. 1,
1894. This company leased the right to use its tracks, depot, 'facilities, etc., to the Kansas City, St. Joseph and
Council Bluffs RR. and the Chicago, Rock Island and Pacific Ry. Cos. for 30 years from Jan. 2, 1894, at an animal
rental of $18,000 from each company, which sum was reduced to $16,000 per annum, beginning Sept. 1, 1895. Also
leased similar rights to the Chicago Great Western Ry. for 30 years from Sept. 1, 1895, at an annual rental of $12,800
for the first year and $14,300 per annum afterwards. The leases are not exclusive. Operated jointly by the lessor
companies.
Income Account, year ending June 30, 1901.— Rentals, $45,282: other receipts, $6,395— total, $51,677.
Payments : Interest on bonds, $30,000 ; on floating debt, $372 ; taxes, $3,401 ; general expenses, $7,851 ; other
charges, $2,274— total, $43,898. Surplus, $7,779 ; surplus forward, $7,534— total, $15.313.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $600,000 ; funded debt (1st, gold 5s
of Jan 1, 1923), $600,000 ; current liabilities, $9,212 ; profit and loss, $15,313— total, $1,224,525. Contra : Cost of
road and equipment, $1,200,000 ; cash on hand, $24.525— total, $1,224,525.
Directors.— E. W. Snyder, J. M. Laing, J. W. Crancer, W. N. Todd, Vinton Stillings, John Wilson. J. H.
Wendorff, Leavenworth, Kan.; W. B. Nickels, Kansas City, Mo.; C. W. Snyder, Topeka, Kan. OFFICERS : E.W.
SNTDER, Pres., Leavenworth, Kan.; C. W. Snyder, Vice-Pres., Topeka, Kan.; W. B. Nickels, Treas., Vinton
Stillings, Sec., Leavenworth, Kan. GENERAL OFFICE, Leavenworth, Kan.
LITTLE RIVER VALLEY RY.— Projected : Little Rock, Ark., to Chickasha, I. T., 400 miles. Com
Dieted up to April 1, 1902 : Neal Springs to Addison, Ark., 11 miles. Gauge, 4 ft. 8iin. Rail (steel), 45 Ibs.
Incorporated in Arkansas Dec. 3, 1897 ; chartered by Congress by act approved Feb. 3, 1899. Road completed as
above in 1901. Locomotive,!. Cars— passenger, 1 ; baggage, etc., 1 ; freight, 15— total, 17. Capital stock, $500,-
000. Cost of road to date, $40,000. Estimated cost of road to completion, $8,000,000.
Directors.— Not reported. OFFICERS: IRA D. OGLESBY, Pres., Fort Smith, Ark.; J. H. Jones. Vice-Pres.,
Houston, Tex.; W. O. Addison, Sec. & Gen. Stipt., Neal Springs, Ark. GENERAL OFFICE, Neal Springs, Ark.
MANITOTJ AND PIKE'S PEAK RY.— Manitou to summit of Pike's Peak, Col., 8.9 m.; total
track (steel ; 40 Ibs.), 9.4 miles. Gauge, 4 ft. 8| in. Chartered Nov. 17, 1888 ; road opened June 30, 1891. Oper-
ated from April to Nov. annually. LocomotiTes, 5. Cars— passenger, 6 ; freight (flat), 2— total, 8.
POOR'S MANUAL OF RAILROADS. 511
Operations, year ending Nov. 30, 1901.— Gross earnings (passenger, $83,889 ; freight, $631 ; other. $3,682),
$88,142. Operating expenses, $50,922. Net earnings, $37,220 ; other receipts, $331— total, $37,651. Total deduc-
tions, $26,089. Surplus, $10,862.
General Balance Sheet. Nov. 30, 1901.— Capital stock ($100 shares), $500,000 ; funded debt (1st 5s of
Oct. 1, I'.iOil), $500,000 ; current liabilities, $2,052 ; profit and loss, $32,913— total, $1,034,965. Contra : Cost of
road, etc., $1,012,812 ; materials, etc., $3,638 ; treasury account, $14,404 ; cash and current assets, $4,111— total,
$1,034,965.
Directors.— J. B. Qlasser, Manitou, Col.; H. S. Cable, Rock Island, 111., Z. G. Simmons, Kenosha, Wie.;
B. B. Cable, Chicago, 111.; E. T. Jeffery, Denver, Col. OFFICERS: H. 8. CABLE, Pres., Topeka, Kan.; Z. G.
Simmons, Vice-Pres. & Treas., Kenosha, Wis.; J. B. Glasser, Sec.; C. W. Sells, Mgr., Manitou, Col. GENERAL
OFFICE, Manitou, Col.
MISSISSIPPI RIVER AND BONNE TERRE RY.-Riverside to Doe Bun, Mo., 47.47 m.—
total track, 73.94 miles. Gauge, 4 ft. 8j in. Bail (steel, 47.47 m.), 56 Ibs. Chartered June, 1888 ; road opened
March 10, 1890. (See MANUAL for 1894, page 226.) Locomotives, 13. Cars— passenger, 7; caboose, 6; other, 567—
total, 580.
Operations, year ending June 30, 1901.— Trains run (passenger, 105,184 ; freight, 75,715), 180,899 miles.
Passengers carried, 136,627 ; carried one mile, 1,584,461. Tons freight moved, 962,641 ; ton-miles, 27,933,203.
Earnings (passenger, $02,059 ; freight, $447,079 ; other, $40,752), $549,890. Operating expenses, $476,189. Net
earnings, $73,701 ; other receipts, $821— total, $74,522. Payments : Interest on bonds, $30,000 ; other interest.
$8,112 ; taxes, $5,839— total, $43,951. Surplus, $30,571 ; surplus forward, $134,497— total, $165,068, lees dividend
(6 p. c.) $36,000; net surplus, $129,069.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $600,000 ; funded debt (1st 6s of
Nov. 1, 1898), §500,000 ; current liabilities, $269,283; proflt and loss, $129,069— total, $1,498,352. Contra : Cost of
road, $1,029,200; equipment, §136,993 ; securities owned, $32,645 ; materials, etc., $40,683; cash and current assets,
$142,948 ; sundries, $115,883— total, $1,498,352.
Directors. — J. Wyman Jones, C. B. Parsons, Gust. Setz, P. P. Graves, Bonne Terre, Mo. ; Dwight A.
Jones, New York, N. Y. OFFICERS : J. WYMAN JONES, Pres.; C. B. Parsons, Vice-Pres., Bonne Terre, Mo.;
Dwight A. Jones, 2d Vice-Pres., New York, N. Y.; Gust. Setz, Treas.; F. P. Graves, Sec.; F. J. Thomnrc,
Aud.; J. Burns, Gen. Mgr., Bonne Terre, Mo. GENERAL OFFICE, Bonne Terre, Mo.
MISSOURI SOUTHERN RR.— Leeper to Ellington, Mo., 29.15 m.; total track (steel; 40 Ibs.), 30.69
miles. Gauge, 3 ft. Successor in 1887 to the Mill Spring, Current River and Barnsville BR. Co. (See MANUAL
for 1834, page 226.) The extension from Bowers to Ellington, Mo., a distance of 7.29 miles, was opened for traffic
on Dec. 1, 1896. Locomotives, 4. Care— passenger, 2 ; freight (box, 2 ; stock, 2 ; flat, 3 ; log, 71), 78 ; service,
2— total, 82.
Operations, year ending June 30, 1901.— Passengers carried, 2,159 ; carried one mile, 49,657. Tons freight
moved, 54,321 ; ton miles, 1,249,383. Earnings (passenger, $2,686 ; freight, $50,717), $53,403. Operating expenses,
$44,407. Net earnings, $8,996. Payments: Interest on debt, $6,000 ; taxes, $965— total, $6,965. Surplus, $2,031;
deficit forward, $7,292; net deficit, $5,261.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $80.000 ; current liabilities, $270,276
—total, $850,276. Contra : Cost of road and equipment, $342,190; materials, etc., $2,825 ; profit and loss, $5,261
—total, $350,276.
Directors.— P. E. Wilson, Leeper, Mo.; Joseph Durfee, John H. Douglass, John H. Douglass, Jr., St.
Louis, Mo.; L. S. Tainter, Menominee, Wis. OFFICERS : JOHN H. DOUGLASS, Pres. & Treas., St. Louis, Mo.;
Peter E. Wilson, Vice-Pres. & Gen. Mgr. ; C. M. Wilson, Aud., Leeper, Mo. ; Joseph Durfee, Sec., St. Louis, Mo.
GENERAL OFFICE, Leeper, Mo.
MOSCOW, CAMDEN AND SAN AUGUSTINE RY.-Projected : Moscow to San Augustine,
Tex., 60 miles. Completed: Moscow to Camden, Tex., 7 miles. Gauge, 4 ft. 8^ in. Rail (iron), — Ibs. Char-
tered May5, 1898; road completed as above in 1898. Locomotives, 3. Cars— passenger, 1: freight, 3 — total 4.
Capital stock paid in ($50,0(10 auth.), $2,500. Cost of road and equipment to Aug. 1, 1900, $30,000.
Operations, year ending June 30, 1901.— Trains run (passenger, 1,095; freight, 3,287), 4,382 miles. Passengers
carried, 1,604; carried one mile, 11,228. Tons freight moved, 19,595; ton-miles, 137,165. Earnings (passenger,
$321; freight, $13,740), $14,061. Operating expenses, $8,310. Net earnings, $5,751.
Directors.— J. A. Hanclley, Hortense, Tex.; S. Bergman, D. L. Jones, Moscow, Tex.; W. T. Carter, E. A.
Carter, J. Thomas, Camden, Tex.; E. J. Mantook, Lufkin, Tex.; J. E. McAshan, Houston, Tex.; C. H. Jones,
Galveston, Tex. OFFICERS: W. T. CARTER, Pres., Camden, Tex.; C. H.Jones, Vice-Pres., Galveston, Tex.;
E. A. Carter, Treas. & Supt.; J. Thomas, Sec., Camden, Tex. GENERAL OFFICE, Camden, Tex.
PINE BLUFF AND WESTERN RY.— Projected: Pine Bluff to Sheridan, Ark., 25 miles. Com-
pleted up to June 30, 1901: Pine Bluff to Doylestovvn, Ark., 11.52 m.; total track (steel; 56 Ibs.), 12.76 miles.
Gauge, 4 ft. 8* in. Chartered May 15, 1899 ; road opened May 1, 1900. Locomotives, 4. Cars— freight (box, 2 ;
flat, 50), 52. Capital stock ($100 shares) fully paid, $250.000. Estimated cost of completed road, $250,000.
Operations, year ending June 30. 1901.— Earnings (passenger, $20; freight, $18,322; other $45), $18,387.
Operating expenses, $38.057. Deficit, $10,270.
Directors.— W. W. Cargill, La Crosse, Wis. ; D. A. Kendall. Kansas City, Mo.; T. F. Doyle, Sheridan, Ark.;
W. T. Radford, J. H. MacMillan, Pine Bluff, Ark. OFFICERS: W. W. CARGILL, Pres., La Crosse, Wis.; D. A.
Kendall, Vice-Pres., Kansas City, Mo.; J. H. TttacMillan, Treas. & Sec.; W. T. Radford, Supt., Pine Bluff, Ark.
GENERAL OFFICE, Pine Bluff, Ark,
PINE BLUFF ARKANSAS RIVER RY.— Rob Roy to English, Ark., 20m.; trackage: St. L. S.
W. Ry., Pine Bluff to Rob Roy, Ark., 8 m. -total operated, 28 miles. Sidings owned, 1.05 miles. Rail (steel, 21.05
m.), 40 Ibs. Gauge, 4 ft. 8i in. Chartered Jan. 6, 1898, as successor to the Pine Bluff and Eastern RR. Co. (see
MANUAL for 1897, page 215). Locomotive, 1. Cars— passenger, 1 ; bageage, etc., 1 ; freight (flat), 2 — total, 4.
Operations, year ending June 30, 1901.— Trains run (mixed), 17,395 miles. Passengers carried, 17,856 ; car-
ried one mile, 261,377. Tons freight moved, 10,626 ; ton-miles, 293,277. Earnings (passenger, $7,562 ; freight,
$18,IW6 ; other, $904), $27,092. Operating expenses, $15,680. Net earnings, $11,412. Payments : Interest on
bonds, $5,000 ; other interest, $130 ; taxes, $747— total, $5,877. Surplus, $5,535 ; deficit forward, $1,524; net
surplus, $4,011.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $200,000 ; funded debt (1st gold 5s of
Feb. 192S), $100,000 ; interest accrued, $2,0&3 ; taxes accrued, $275; other liabilities, $2,755 ; profit and loss, $4,011
—total, $309,124. Contra : Cost of road and equipment, $300,000 ; construction accounts, $836; materials, etc.,
$488; cash and current assets, $7,800— total, $309,124.
Directors.— Wm. H. Langford, J. M.Taylor, Pine Bluff, Ark.; H. E. Martin, Hot Springs, Ark.; P. H.
Britton, St. Louis, Mo.; W. H. Taylor, New York, N. Y. OFFICERS : WM. H. LANGFORD, Pres. & Treas.; J. M.
Taylor, Vice-Pres.. Pine Bluff, Ark.; H. E. Martin, Sec., Hot Springs, Ark.; G. L. Morris, Aud. dt Gen. Mgr.,
Pine Bluff, Ark. GENERAL OFFICE, Pine Bluff, Ark.
PORTLAND AND SOUTH EASTERN RR.— Portland to Eagleville. Ark., 14.25 miles of track.
Rail (steel), 45 and 58 Ibs. Gauge, 4 ft. 81 in. Owned by Empire Lumber Co., of Buffalo, N. Y. Operation com-
512 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
menced Aug. 18, 1900. Locomotives, 3. Cars— passenger, 1; freight. 10— total 17. Cost of road and equipment
to April 1, 1902, $97,500. No stock or bonds issued.
Directors.— Henry C. Christy, Howard C. Bradley, Isaac Kirk, Cleveland, O.; F. W. Vetter, W S. Holli*
ter, Buffalo. N. Y. OFFICERS: HKNRY C. CHRISTY, Pres. A Trean.; Howard C. Bradley, \tt Vice-Pres • Isaac
Kirk, -id PfcM-Prw.. Cleveland, O.; W. 8. Hollister, Sec.; F. W. Vetter, Qen. Mrtr., Buffalo, N. Y. GENERAL
OFFICE, Buffalo, N. Y.
PRESCOTT AND NORTHWESTERN RR.— Prescott to Belton, Ark., 24 m.; Belton to end of
track, 3 m.- total, 27 miles. Gauge, 4 ft. 8J in. Chartered Oct., 1890; reorganized Jan. 2, 1892 ; road opened in
Oct., 1890. Locomotives, 4. Cars— passenger, 2; freight, 38— total, 40. Capital stock ($100 shares), $30,000. This
coiiijiniii/ rft'imex all infortnnf/n/i.
Directors.— W.' N. Bemis, W. B. Waller, J. C. Young, M. W. Greeson, Rudolph Pasch, Prescott, Ark.
OFFICERS : W. N. BEMIS. Pre*.; J. II. Bemis, Vice-Pres.; J. W. Bemis, Sec. <fe Treat.; H. E. Bemis, Mgr.,
Prescott, Ark. GENERAL OFFICE, Prescott, Ark.
RIO GRANDE RR.— Brownsville to Isabel, Tex., 22.5 miles. Rail (steel, 3.5 m.\ 35 Ibs. Gauge, 3 ft.
6 in. Locomotives, 3. Cars— passenger, 4 ; baggage, etc., 1 ; freight (box 25 ; stock, 1 ; flat, 24), 50 ; other, 2—
total, 57. Also 2 lighters operating between Isabel and Brazos Santiago Harbor, 6 miles. Chartered Aug. 23, 1870 •
road opened July 4, 1872.
Operations, year ending June 30, 1900.— Trains run (passenger, 4,522 : freight, 13,568), 18,090 miles. Pas-
for year, $4,069. Surplus forward, ?1.37,493. Nt't surplus, $133,434.
1 12,410- total, $444,164. Bonds outstanding June 30, 1901, $49,000.
Directors.— A. Celaya, S. Celaya, Thos. Carson, C. Jagon, J. B. Wells, G. Champion, Brownsville, Tex.;
M. H. Cross, Matamoros, Mex. OFFICERS : A. CELAYA, Pres.; Jos6 Celaya, Treat. & Gen. Mrjr.; F. Rivadulla,
Sec., Brownsville, Tex. GENERAL OFFICE, Brownsville, Tex.
RIO GRANDE AND EAGLE PASS RY.— Laredo to Minera, Tex., 25m.; Cannel Junction to
Cannel, 0.50 m.— total, 25.50 miles. Sidings, 1 mile. Gauge, 4 ft. 84 in. Rail (steel, 7.5m.), 56 Ibs. Locomotive*.
4. Cars— passenger, 1 ; freight (flat, 2 ; coal, 57), 59— total, 60. Reorganization (and date of charter). May -j
of the Rio Grande and Pecos Ry. Co. (see MANUAL for 1892, page 541). Projected to Eagle Pass, 135 miles from
Laredo.
Operations, year ending June 30, 1901.— Trains run (passenger, 4,093; freight, 12,280). 16.373 miles. Fas-
sengers carried, 4.360 ; carried one mile, 109,000. Tons freight moved, 119,506; ton-miles, 2,987,650. Earnings
(passenger. §3,315; freight, $77.478; other, $5,964), §8(3,757. Operating expenses, $31,886. Net earnings,-
other receipts, $1,890— total, $56,761. Payments: Interest on bonds, S12,000; taxes, Sl,508; permanent improve-
ments, $22,702— total, $36.210. Surplus, $20,551; surplus forward, $112,066— total, §132.617.
General Balance Sheet, June 30, 1900 (latent rendered).— Capital stock ($100 shares), $600,000 ; funded
debt (1st 5s of Oct. 1, 1929), §001,982 ; current liabilities, $6,313 ; profit and loss, §112,066— total, $1,320,361. Contra:
Cost of road and equipment, §1,225,12(5 ; securities owned, $30,629 ; lands owned, $17,471 ; materials, etc., $973 ;
cash and current assets, $44,288 ; other assets, $1,875— total, $1,320,361.
Interest on Bonds.— Under the mortgage the company is allowed to expend its net earnings for better-
ments and necessary improvements. Since 1891 there has been nothing earned for the bondholders.
Directors.— J. J. Haynos, D. H. Randolph, J. K. Baretta, II. D. Shelby, C. G. Jackson. E. F. Wacer,
Laredo, Tex.; C. B. Wright, W. T. Wright, F. M. Dick, Philadelphia, Pa, OFFICERS : C. B. WRIGHT, Pres.,
Philadelphia, Pa .; E. W. Wager, Vice-Pres.; C. G. Jackson, Sec.; H. D. Shelby, Treas., Laredo, Tex. GENERAL
OFFICE, Laredo, Tex.
RIO GRANDE AND PAGOSA SPRINGS RR.— Projected : Lnmberton, N. M., to Pagosa
Springs, Col., 38 miles. Completed, April 15, 1898 : Lumberton, N. M., to Price Station. Col., 17 miles. Gauge,
3 ft. Rail (steel), 30 Ibs. Chartered Jan. 16, 1895. Road built from Lnmberton, N. M.. to Edith. Col., 6 m.. in 1895;
extended from Edith to Chromo, Col., 5m., in 1896 ; from Chroino to Price, Col., 6 m., in 1898. Locomotives,
2. Cars— passenger. 1 • other. 28— total, 29. Freight cars of the D. & R. G. RR. are used. This company
all Information. The following statement, dated April 15, 1898, is repeated from the MANTAL for 1898 : Capital
stock, authorized and subscribed, §125,000 ; paid in, §64,000. Cost of road, etc., $50,000. Estimated cost of com-
pleted road, $150,000.
Directors.— Charles D. McPhee, J. J. McGinnity, Wm. P. McPhee, Denver, Col.; E. M. Biggs, Edith, Col.
OFFICERS : E. M. BIGOS, Pres. & Treas., Edith, Col.; C. D. McPhee, Vice-Pres.; John J. McGinnity, Sec., Denver,
Col.; John A. Crawford, Aud., Edith. Col. GENERAL OFFICE, Denver, Col.
RIO GRANDE JUNCTION RY.— Rifle to Grand Junction, Col., 62.08 miles. Gauge, 4 ft. 8} in.
Rail (steel), 65 Ibs. Chartered June 26, 18S9 ; road opened as above Nov. 16, 1890. Leased till Jan. 1. 1940, to the
Denver and Rio Grande RR. and the Colorado Midland Ry. Cos., the lessees to pay as rental 30 p. c. of the trross
earnings of eacli company over the line, the minimum rental to be equal to the interest on the outstanding bonds
of this company. Principal and interest of bonds guaranteed jointly and severally by lessees of the property.
Operations included in lessees' statements.
Income Account, year ending Nov. 30, 1901.— Receipts, $172,605 on account of rental. Payments :
Interest on bonds, §1)2.500; dividend No. 4 (3.75 p. c. paid in Jan., 1900), $75,000; other payments, $144— total,
$167,644. Surplus, §4,961 ; surplus forward, $75,218- total, $80,179.
General Balance Sheet, Nov. 30, 1901.— Capital stock (§100 shares), $2,000.000; funded ffebt (1st gold 5s
of Pec. 1, 1039, S2.000.000 auth.), $1,850,000; current liabilities, $54; interest accrued, $46,275: profit and loss,
$80,179— total, §3,976,508. Contra: Cost of road, $3,849,300; due by lessees, $80,179; cash on hand, $47,029— total,
$3,976.508.
Directors (elected Oct. 15, 1901).— E. T. Jeffery. Frank Trumbull. G. W. Kramer. C. H. Schlacks, Joel F.
. , . . . .
Vaile, J. W. Cillnly, E. R. Murphy, Denver, Col. OFFICERS : E. T. JEFFERY, Pres.; D. C. Dodge, Vice-Pres.;
. R. Murphy, Sec.; J. W. Gilluly, Treas.; W. S. Wing, Aud., Denver, Col. GENERAL OFFICE, Denver, Col.
E.
ROCK PORT, LANGDON AND NORTHERN RY.-Rock Port to Langdon, Mo., 5.60 miles.
Gauge, 4 ft. 8J in. Total track (steel, 56 Ibs.), 6 miles. Chartered Dec. 30, 1889 : road completed July, 1890. This
company has a traffic arrangement with the K. C., St. J. & C. B. RR. Co. Locomotive, 1. Cars— combination,
1 ; freight (box, 1 ; flat 1)2— total. 3.
Operations, year ending June 30, 1901.— Earnings (passenger, $2,007 : freight, $4,187 ; other, $6831,
$6,877. Operating expenses, $5,489. Net earnings, $1,388. Payments (including interest on bonds, $1,350), $1,497.
Deficit, $109.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($90,000 auth.; $100 shares), $55,000;
Railroad Map of Utah, Colorado, Arizona and New Mexico.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUKDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2xo VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, .Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
UTAH, COLORADO, ARIZONA AND NEW MEXICO.
Railroad Map of Utah, Colorado, Arizona and New Mexico.
THE TKRIFF:
IT5 BEARING UPON THE INDUSTRIES AND POLITICS OF THE
UNITED STATES.
By HENRY V. POOR,
Author of "Resumption and the Silver Question," "Money and Its Laws,"
" History of Railroads," Etc., Etc.
I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
XIII.
XIV.
XV.
XVI.
Pp. 121. 8vo. Paper. Price, 25 Cents.
SYNOPSIS OF CONTENTS:
The Indictment to be Answered.
The Tonnage of our Railroads a Measure
of Industrial Growth.
Railroad Mileage, Tonnage and Earnings,
1866-1890.
Effect of Railroad Development upon
Prices and Prosperity.
The Extraordinary Increase in our Rail-
road Tonnage.
The Production and Prices of Iron and
Steel, 1866-1890.
The Effects of the Tariff upon our Iron
and other Industries.
The Free Trader's Argument Analyzed.
Free Trade would Destroy our Balance
of Trade.
. The Advance in the Price of Labor.
As Shown by Edward Atkinson.
Annual Average Export Prices of
Domestic Commodities, 1877-90.
Annual Average Prices of Grain, Gro-
ceries and Provisions, 1877-90.
Annual Average Prices of Cotton and
Cotton Manufactures, 1877-90.
Hates of Wages in Great Britain and the
United States as complied by Carroll
D. Wright.
The American Colonies and the Mother
Country.
The First Tariff Act.
Mr. Madison's Argument for Protection.
Wash ington's Argument for Protection.
Hamilton's Report on Manufactures.
The Tariff Act of 1816.
John C. Calhoun's Argument for Pro-
tection.
Thomas Jefferson's Argument for Pro-
tection.
The Tariff of 1824.
Andrew Jackson's Argument for Pro-
tection.
Slavery Antagonizes Protection.
The Attitude of South Carolina in 1824
and 1827.
General Jackson on the Tariff Act of 1828.
Mr. Madison Sounds the Alarm.
The Tariff of 1832.
The South Carolina Nullification.
Mr. Clay's Compromise Tariff.
Meaning and Effect of Nullification.
Jackson's War upon the Bank.
The Government Reduced to a Nullity.
XVII. The Catastrophe of 1837.
XVIII. The Monetary History of the Period.
XIX. The Despotism of Slavery Estab-
lished.
XX. The Principles of the New Democ-
racy, Martin Van Buren.
XXI. The Democratic Party in 1840.
XXII. The Consequences of the Compro-
mise Tariff.
XXIII. President Tyler.
XXIV. President Polk and the Tariff.
XXV. Secretary Walker's Report.
XXVI. The Fallacies of the Report Exposed.
XXVII. English Opinion of the Walker
Report.
XXVITI. The Tariff of 1846.
XXIX. The Discovery of Gold.
XXX. The Balance of Trade under the
Tariff of 1846.
XXXI. The Effects of Free Trade as Shown
by Experience.
XXXII. Our Monetary Experience under an
Adverse Balance of Trade.
XXXIII. The Instruments of Destruction.
XXXIV. Two Democratic Heresies Aban-
doned.
XXXV. The Surrender to the South.
XXXVI. Mr. Benton's Review of the Era
of Democratic Ascendancy.
XXXVTI. The Election of 1848.
XXXVII I. Franklin Pierce and the Democratic
Platform of 1852.
XXXIX. James Buchanan and his Platform.
XL. The Financial Convulsion of 1857 the
Direct Result of Democratic
Policy.
XLI. The Democratic Disintegration in
1860.
XLII. Secession and Rebellion.
XLIII. The Tariff of 1857.
XLIV. The South Pays her Penalty.
XLV. The First Republican Tariff.
XLVI. Democratic Tariff Platforms Since
the War.
XLVII. President Cleveland's Tariff Mes-
sages Analyzed.
XLVIII. The Democratic Tariff Plank of 1892.
XLIX. The Meaning of this Second Declara-
tion of Nullification.
L. The Supremacy of Law or the Supre-
macy of the Mob the Issue before
the American People.
OEIVTS.
Published and for sale by
H. i£.
Publishers of
OR, MAYBE ORDERED
THROUGH ANY BOOKSELLER.
H. W. POOR,
'Poor's Manual of Railroads,"
44 Broad Street, New York City.
POOR'S MANUAL OF RAILROADS. 513
/
funded debt (1st 6s' of Jan., 1911), 825,000; accrued interest, $3,900— total, 188,900. Contra: Cost of road and
equipment, $80,000; cash on hand, $1,025: profit and loss, $2,875— total, $83,900.
Directors.— John P. Lewis, Wm. T. Bnckham, George Freihoffer, C. Deatz, John Kinerlm, Rock Port,
Mo. OFFICERS: JOHN P. LEWIS, Prtn.; Wm. T. Buckham, Vice-Pres. : Geo. Freihoffer, Treas.; John D. Dopf,
Sec. & Aud.; Henry Warneke, Gen. Mgr., Rock Port, Mo. GENERAL OFFICE, Rock Port, Mo.
ST. JOSEPH TERMINAL. RR.— This company, chartered Jan. 5, 1887, owns and operates 1.02 m. of
main line and 7.33 m. of sidings, a total of H.35 miles of yard tracks in St. Joseph, Mo. It receives and delivers
freight, does switching, etc., for the Atchison, Topeka and Santa Fe and the St. Joseph & Grand Island Ry. Cos.
Operating expenses are disposed of by direct charge to each company each month on the basis of tonnage
handled and labor and material supplied. Rail (steel), 56 and 60 Ibs. Gauge, 4 ft. 8t in. Locomotives, 3.
Operations, year ending June 30, 1901.— Gross earnings (switching, $26,373; rentals, $10,975), $37,348.
Operating expenses, $89,463; interest on bonds, $17,500; taxes, $4,349— total, $111,312. Deficit, $73,964. This
deficit was assumed by the Atchison, Topeka and Santa Fe Ry. Co. and St. Joseph and Grand Island Ry. Co.
General Balance Sheet, June 30, 1901.— Capital stock ($500,000 auth.; $100 shares), $300,000; funded
debt (1st 5s of Aug. 1, 1918 ; $500,000 auth.). $350,000; current liabilities, $12,202 ; interest accrued, $7.291— total,
$669.493. Contra: Cost of road and equipment, $641,127: cash and current assets, $28,366— total, $669,493.
Directors (elected June 11, 1901).— Raymond Dn Ptiy, T. F. V«n Natta, H. W. Milliman, St. Joseph, Mo.;
C. F. Resseguie, H. U. Mudge, Topeka, Kan. OFFICES? : H. U. MUDGE, Pres., Topeka, Kan.; Raymond Da
Pay, Vice-Pres., St. Joseph, Mo.; E. Wilder, Treas., Topeka, Kan.; H. W. Milliman, Sec. & Aud., St. Joseph,
Mo. GENERAL OFFICE, St. Joseph, Mo.
ST. JOSEPH UNION DEPOT CO.— Chartered March 22, 1880; depot opened May 1, 1882. The B.
& Mo. Riv. RIl. in Neb., the C., B. & Q., the C., R. I. & P., the H. & St. J., the K. C., St. J. & C. B., the M. P.,
the St. J. & G. I., and the Atchison use the station jointly. Each company owns $1.000 of the capital stock.
Income Account, year ending June 30, 1901.— Rentals received, $15,600. Paid interest on bonds, $3,420.
Surplus, $12,180 ; surplus forward, §154,775— total, $166,955.
General Balance Sheet, June 30, 1901.— Capital stock, §9,000; funded debt (1st 6s of Jan. 1, 1906), $53,-
000: vouchers unpaid, $3,435; profit and loss, §166.955— total, $232,390. Contra : Cost of road and equipment,
$206,920; cash and current assets, $25,464— total, $232.390.
Directors.— J. D. Besler, Chicago, 111.; H. U. Mudge, M. A. Low, Topeka, Kan.; G. W. Holdrege, Omaha.
Neb.; Howard Elliott, S. E. Crance, Raymond Du Puy, St. Joseph, Mo.; H. A. Parker, Chicago, 111.; Russell
Harding, St. Louis, Mo. OFFICERS: HOWARD ELLIOTT, Pres.; E. C.Browne, Sec. & Treas., St. Joseph, Mo.
GENERAL OFFICE, St. Joseph, Mo.
ST. LOUIS AND HANNIBAL RY.— Hannibal to Gilmore, Mo., 85 m.; Rails June, to Perry, Mo.
18 m.— total, 103 m.; total track, 108 miles. Gauge, 4 ft. 8| in. Rail (steel, 103 m.), 56, 60, and 68 Ibs. Chartered
June 3, 1872; main line opened in 1882; branch in 1892. (See MANUAL for 1892, page 936.) Locomotives, 7. Cars,
—passenger, 5; baggage, etc., 3; freight (box, 81; stock, 15; flat, 7; coal, 31), 134; service, 8— total, 150.
Operations, year ending June 30, 1901.— Passengers carried, 67,687 ; carried one mile, 180,100. Tons freight
moved, 77,667 ; ton-miles, 3,433,316. Earnings (passenger, $57,770 ; freight, $96,992), $154,762. Operating ex-
penses, $116,536. Net earnings, $33,226. Deductions : Interest on bonds, $45,350 ; taxes, $6,144— total, $51,494.
Deficit, $13,268 ; deficit forward, $216,454— total, $229,722.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($1,000,000 auth. ; $100 shares), $462,000;
funded debt, $630,000; current liabilities, $332.084— total, $1,424,084. Contra: Cost of road, $1,067,320; equip-
ment, $30,850; materials, etc., $10,103 : cash and current assets, $86,089 ; profit and loss, $229,722— total, $1,424,083.
Funded Debt on June 30, 1901, consisted of $380,000 1st 7s of 1936 and $250,000 income 5s of 1983. Addi-
tional particulars will be found in the Ready Reference Bond List — see General Index.
Directors.— S. S. Palmer, M. T. Cox, New York, N. Y.; D. C. Blair, C. L. Blair, Belvidere, N. J.: J. A.
Jordan, J. M. Worland, W. C. Modisett, Hannibal, Mo. OFFICERS: S. S. PALMER, Pres., New York, N. Y.;
J. A. Jordan, Tice-Pre*. <& Gen. Myr., Hannibal, Mo.; M. T. Cox, Sec. & Treas., New York, N. Y.; J. M. Wor-
land, Aud., Hannibal, Mo. GENERAL OFFICE, Hannibal, Mo.
ST. LOUIS AND NORTH ARKANSAS RR.-Seligman, Mo., to Harrison, Ark., 65.98m.; Junc-
tion to Eureka Springs, Ark., 2 m.; Freeman to Berryville, 2.80 m.— total, 70.78 m.; total track (steel; 65 Ibs.),
76.84 miles. Gauge, 4ft. 8J- in. Chartered Msy 25, 1899. Successor by purchase, Feb. 1, 1900, to the Eureka
Springs Ry. Co. (see MANUAL for 1899, page 601.) Road opened as above, April 15, 1901. Locomotives, 4. Cars
— passenger, 3 ; freight (flat), 6— total, 9.
Operations, year ending June 30, 1901 (average, 28.4 miles).— Trains run (passenger, 32,067; mixed, 22,535),
54,602 miles. Passengers carried, 108,090: carded one mile, 1,457,293. Tons freight moved, 20,380; ton-miles,
307,941. Earnings (passenger, $45,743; freight, $46,743; other, $22,1131, $114,599. Operating expenses, $75,924.
Net earnings, $38,675. Paid taxes, $2,728. Surplus, $35,947 ; surplus forward, $21,302— total, $57,249.
General Balance Sheet, June 30, 1901.— Current liabilities, $57,263; sale of equipment, $1,996 ; profit
and loss, $57,249— total, $116,508. Contra : Permanent improvements, $21,565 ; materials, etc., $10,884 ; cash and
current assets, $49,400 ; advanced construction company, $34,659— total, $116,508.
Directors.— John Scullin, C. H. Smith, F. J. Wade, St. Louis, Mo.; O. W. Watkins, George West,
Eureka Springs, Ark.; J. W. Freeman, Berryville, Ark.; G. J. Crump, Harrison, Ark. OFFICERS : JOHN
ScuLUN, Pres., C. H. Smith, Vice-Pres., St. Louis, Mo.: George West, Sec., Eureka Springs, Ark.; Jas. A.
Madill, Treas., St. Louis, Mo. GENERAL OFFICE, Eureka Springs, Ark.
ST. LOUIS TRANSFER RY.— Water Works, East Grand Ave., to Arsenal St., St. Louis, Mo., 6.36
m.— total track (steel ; 55 to 70 Ibs.), 12.19 miles. Gauge, 4 ft. 8J in. Chartered June 19, 1884 ; road opened July
1, 1890. Locomotives, 6.
Operations, year ending June 30, 1901.— Earnings (switching), $153,504. Operating expenses, $97,861. Net
earnings, $55,643. Payments : Interest on floating debt, $13,387 ; taxes, $9,667 ; other charges, $12,622 — total,
$35,676. Surplus, $19,967 ; surplus forward, $29,853— total, $49,820.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($250,000 auth.; $100 shares), $199,800;
current liabilities, $266,516 ; profit and loss, $49,821— total, representing cost of road and equipment, $516,137.
Directors.— John Scnllin, A. C. Church, Ernest Peugnet, George L. Sands, Philip C. Scanlan, St. Louis,
Mo. OFFICERS : JOHN SCULLIN, Pres.; A. C. Church, Vice-Pres.; Philip C. Scanlan, Sec. & Treas.; C. L.Leslie,
Aud., St. Louis, Mo. GENERAL OFFICE, St. Louis, Mo.
SAN ANTONIO AND GULF RR.-San Antonio to Stockdale, Tex., 38 miles. Gauge, 4 ft. 8* in.
Rail (steel), 60 Ibs. Chartered March 31, 1897, as successor to the San Antonio and Gulf Shore Ry. (see MANUAL,
for 1897, page 218). Originally projected from San Antonio to Velasco, Tex., a distance of 200 miles, and grading
was completed to Stockdale by the old company. Locomotives, 2. Cars— passenger, 2 ; baggage, etc., 1 ; freight
(box, 4 ; flat, 10), 14 ; total, 17.
Operations, year ending June 30, 1901.— Trains run (mixed), 24,092 miles. Passengers carried, 15,836;
carried one mile, 418,101. Tons freight moved. 35,338; ton-miles, 10,258,848. Earnings (passenger, $12,155;
freight, $65,661 ; other, 84,994), $82,810. Operating expenses, $33,473. Net earnings, $49,337 ; other receipts,
33
POORS MANUAL OF RAILROADS— SOUTHWESTERN GROUP.
$120— total, $49,457. Payments : Taxes, $2,744 ; permanent Improvements, $19,428; other charges, $1,180— tota'
$83,297. Surplus. $26,160 ; surplus forward, $28,307— total, $54,467.
Financial Statement, June 80, 1901.— Capital stock ($100 shares), $32.000. Cost of road and equip
ment, $183,373 ; land owned, §4,500 ; added equipment, $1,105 ; materials, etc., $2,092 ; cash and current K
$23,042 ; other assets, $3,371- total assets, $217,483.
Directors.— Geo. W. Brackenridge, E. E. Shackford. S. G. Newton, John A. Fraser. R. H. Ward, Otto
Koehler, Otto Wahrmnnd, Albert Steves, John J. Stevens, San Antonio, Tex. OFFICERS : GEO. W. BRACKEN-
RIDOE. Pres.; E. E. Shackford, Vice-Pres. <f Gen. Mgr.; S. G. Newton, Sec.; John A. Fraser, Treat., San
Antonio, Tex. GENERAL OFFICE, San Antonio, Tex.
SEARCY AND DBS ARC KB.— Searcy to Des Arc, Ark., 24.50 m. ; Kensett to West Point, Ark., 3.69
m.— total, 28.19 m.; total track (steel : 16 to 60 IDS.), 29.19 miles. Gauge. 4 ft. 8i in. Consolidation, July 1, 1899.
of the Searcy and West Point RR. Co. and the Des Arc and Northern Ry. Co. (see MANUAL for 1899, page 610).
The through line was completed in Dec., 1899. Locomotives, 3. Cars— passenger, 4 ; freight (flat), 4. Capital
stock (S100 shares), §300.000.
Directors (elected April 8, 1902).— Geo. B. Rose, W. M. Watkins, G. W. Hunter, Searcy, Ark.; A. L.
Erwin, Des Arc, Ark.: W. H. Crouch, St. Louis, Mo. OFFICERS : G. W. HUNTER, Pres. <fe Treat.; Geo. B. Rose,
Vice-Pres.; Chas. E. Gihbs, Sec., Searcy, Ark. GENERAL OFFICE, Searcy, Ark.
SILVERTON NORTHERN RR.-Silverton to Eureka, Col., 9 miles. Rail (steel), 30 Ibs. Gauge,
3 ft. Chartered Nov. 4, 1895: road completed as above in June, 1896. Locomotive, 1. Cars — passenger, 1 ;
freight (box), 10 ; service. 1— total. 12.
Operations, year ending June 30, 1901.— Trains run (mixed), 3.376 miles. Passengers carried. 1,310 ; car-
ried one mile, ii.GTr. Tons* freight moved, 53.456 ; ton-miles. 150,906. Earnings (passenger, $584 : freight, $28.562),
$29,140. Operating expenses, $9,922, Net earning?, $19,224. Payments: Interest on bonds, $9,000 ; taxes, $318 ;
other charges. {KOO— total. W.fllS. Surplus. $9,305 : surplus forward, $3,076— total, $12.381.
General Balance Sheet, June 30, 1901. -Capital stock ($100 shares), $150,000; funded debt (1st gold
5s of Jan. ], l'.M<>. :?::(XW:0 >nith.>. *l«n.onO; current liabilities, $2,602 ; taxes accrued, $180; profit and loss. :•
— total, §345.103. Contra : Cost of road and equipment, $332,968 ; materials, etc., $173 ; cash and current assets.
$12,022- total. 8345,1 <>3.
Directors. -Otto Mear* Fred. Walsen, Denver, Col.; Alex. Anderson, Silverton, Col.; Fred. O. Roof,
Fred. Walsen, Jr., Walscnburjr. Col. OFFICERS; OTTO MEARS, Pres.; Fred. Walsen, Vice-Pres., Denver, Col.;
Alex. Anderson, Treas. <t Sinit., Silverton, Col.; Fred. Walsen, Jr., Sec., Walsenburg, Col. GENERAL OFFICE,
Silverton, Col.
SILVERTON RR.— Projected : Silverton, Col., to Ouray, Col., 26.60 m.; Silverton, Col., to Mineral
Point, Col., 19 m.— total, 45.60 miles. Completed up to June 30, 1898 : Silverton, Col., to Albany, Col., 18.25 m.;
spurs, 3.75 m. -total, 22 m., of which 7.5 m. are not operated. Gauge, 3 ft. Rail (steel, 16 m.), 30 Ibs. Chartered
July 8, 1887 ; road_ opened in 1889. Receiver appointed in July, IStfe. Locomotive, 1. Cars— passenger, 2 ; bag-
gage, etc., 1 : freight (box), 26 ; caboose, 1 ; other, 1— total, 31.
Operations.— All information refused: for latest statement, see MANUAL for 1899. page 610.
General Balance Sheet, June 30, 1898 (latest rendered}.— Capital stock ($100 shares), $350,000 ; funded
debt (1st gold fis of Oct. 1, 1908), $425,000 ; bills payable, $26,278 ; current liabilities, $7,187 ; interest (accrued,
$6,375 ; unpaid, $32,100), $38,475 ; accrued taxes, $1,020 ; profit and loss, $36,076— total, $884,036. Contra : Cost of
road and equipment, $880.590 ; materials, etc.. $172 -current assets, $3,274— total, $884,036.
Directors.— Otto Mears, John L. McNeil, Fred. Walsen, J. W. Schofield, Denver, Col.; John C. Welty,
Canton, O. ; S. M. Green, Milwaukee, Wis.; Chas. H. Graham, Philadelphia, Pa. OFFICERS : ALEX. ANDERSON,
Receiver, Silverton, Col,; OTTO MEARS, Pres., Denver, Col.; Chas. H. Graham, Vice-Pres., Philadelphia, Pa.;
John L. McNeil, Treas., Denver, Col. GENERAL OFFICE, Silverton, Col.
SUGAR LAND RY.— Sugar Land to Arcola June., Tex., 14.20 m.; total track (steel; 56 Ibs.), 16.20
miles. Gauge, 4 ft. 8i in. Organized Oct. 21, 1893 ; road opened Nov. 1, 1893. Locomotive,!. Cars fflat), 25.
Operations, year ending June 30, 1901.— Train? run (mixed), 8,950 miles. Passengers carried, 205 ; carried
one mile, 1,845. Tons freight moved, 48,829 ; ton-miles, 586,948. Earnings (passenger, $55 ; freight, $28,209),
$28,264. Operating expenses, §18,063. Net earnings, $10,201. Payments: Taxes, $440; dividends, $14,176—
total, $14,616. Deficit, §4,415 ; surplus forward, $15,663 ; net surplus, $11,248.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $142,000 ; profit and loss, $11,248 —
total, f 153,248. Contra : Cost of road and equipment, $124,446; cash on hand, $28,802— total, $153.248.
Directors.— E. H. Cunningham, E. B. Cunningham. John B. Ketterson, W. T. Bertrand, W. K. Morrow,
Sugar Land, Tex.: Geo. W. Breckenridge, San Antonio, Tex.; Wm. D. Cleveland, Houston, Tex. OFFICERS :
ED. H. CUNNINGHAM, Pres. & Gen. Mgr.; E. B. Cunningham, Vice-Pres. & Asst. Gen. Mgr.; John B. Ketterson,
Sec. tfe Treas., Sugar Land, Tex. GENERAL OFFICE, Sugar Land, Tex.
TERMINAL RR. ASSOCIATION OF ST. LOTJTS.-Consolidation of the Union Ry. and Transit
Cos. and the Terminal RR. of St. Louis. The association is composed of and controlled by the Cleveland, Cin-
cinnati, Chicago, and St. Louis Ry. Co., the Louisville and Nashville RR. Co., the Missouri Pacific Ry. Co.. the
Wabash RH. Co., the Baltimore and Ohio Southwestern RR. Co., the St. Louis, Iron Mountain and Southern
Ry. Co., and St. Louis, Vandalia and Terre Haute RR. Co., and provision is made in the agreement of associa-
tion for admitting other lines. In addition to the property acquired by the consolidation (nee MANUAL for 1890,
Eige 1090), the company also purchased the properties of the Union Depot Co. of St. Louis, together with those in
ast St. Louis held under lease by the St. Loins Bridge Co. The company, on Oct. 10, 1889, also acquired from
the Missouri Pacific and the Wabash the lease of the St. Louis Bridge and Tunnel. All these consolidated
properties are operated under one management. On Sept. 1, 1894. the new Union Station was opened for traffic.
Contracts running 10 years are in effect Dy which the_ tenant lines lease the station for $325,000 per annum and
all expenses of maintenance and operation. The entire capital stock of the East St. Lonis Electric St. RR. Co.
was purchased by this company at a cost of $212,100. and t lie property taken over and operated on March 1, 1897.
Equipment, Dec. 31, 1901.— Locomotives (owned), 27; flat cars (owned), 82; drovers' cabooses, 3; coaches.
15 ; box oars, 2 ; other vehicles, 5.
Operations, year ending Dec. 31, 1901.— Tons of freight moved, 4,657.546. Passengers carried— foot,
1,421,731; electric railway, 2,487,955— total, 3,909,686. Cars moved— loaded freight, 262,705 ; empty^freight. 141.-
607
othe
$l,839."9567"paymenrs •" Interest on' bonds" (1st mtge.,' $315,000 ; 1st consols, $230,000), $545,000 ; other interest,
$39,476 ; rentals (St Lonis Bridge, $591,900 ; Tunnel RR., $75,000 ; leased property, $86,971), $653,871 ; improve-
ments, $64.295— total. $1.402,642. Surplus, $437.313: surplus forward, $1,208,216; additions during year, less
sundry nncollertihlo accounts, £1.017— net surplus. $1.647.447.
General Balance Sheet. Dec. 31. 1901. -Capital stock ($100 shares), $1,441,200: funded debt $11,690,000 ;
bills payable, $689,463 ; current liabilities, $649,912 ; interest accrued, $181,022 ; rentale accrued, $98,853 ; other
POOR'S MANUAL OF RAILROADS. 615
liabilities 813 393 • profit and loss, $1,647,447— total, $16,410,790. Contra : Cost of road and equipment, $13,055,-
01 r "curities owned I $^,466 5<X>; materials, etc., 860 615; cash and current assets, $l,82«,661-total, $16,410,790.
' Funded Debt. -The funded debt outstanding on Dec. 31, 1901— total, $11,690,000, as per general balance
[y in acquiring a belt line in East St. L.OUIS. Adam
in the Ready Reference Bond List— see GENERAL INDEX.
The West Belt Line is organized as a separate corporation, under the name of the St. Louis Terminal Ry.
Co and its stock and 1st mtge. bonds, amounting to $1,200,000 each, have been acquired by the Terminal RR.
Association and deposited with the trustee of the 1st consol. mtge. The length of the line to its first objective
vated railway, to enable them to reach the new Union Station, at a joint rental of $50,000 per year.
ST. LOUIS BRIDGE CO. — Length of bridge and
approaches, 6,434 feet. Length of delivery and stor-
age tracks (in St. Louis, 20.73 m. ; in East St.
Louis 20.29 m.), 41.02 miles. Formerly the Illinois
and St. Louis Bridge Co. The property was sold
under foreclosure and a new company, with the pres-
ent title, formed March 17, 1879. Leased to the
Terminal RR. Association of St. Louis, at a rental
equivalent to Interest on bonds, dividends of 6 p. c.
on 1st preferred and 3 p. c. on 2d preferred stock, and
$2 500 for organization expenses. The bonds as they
mature are to be paid by the lessee, but may be
reissued, and lessor agrees to join in new mortgage.
Dividends payable in gold, free of all charges.
Funded debt, $5,000,000 gold 7s of April 1, 1929;
1st preferred stock, $2,490,000; 2d preferred stock,
$3 000,000; common stock, $2.500,000. The common
stock Is held in trust by the Mercantile Trust Co. of
New York, which has the right of voting it at the
meetings of the Bridge Co., but otherwise it belongs
to the lessee. William Taussig, Pres.; Julius S.
Walsh, Vice-Pres. ; Victor W. Fisher, Sec. & Treas.,
St. Louis, Mo.
ST. LOTTIS MERCHANTS' BRIDGE TERMINAL
RY. — In St. Louis. Mo., 7.44 m. ; total track (steel;
67 Ibs.), 14.62 miles. Operated: Madison, 111., and
St. L. Ry., 4.30 miles. Locomotives, 16. Cars —
passenger, 9; caboose, 2; dump, 20; other, 2 — total,
33. Chartered Aug. 18, 1887. In Nov., 1893, this
company passed under the control of the Terminal
RR. Association of St. Louis. Capital stock (auth.,
$3,500.000), $2,939,500. Funded debt (1st 5s of Oct.
1, 1930), $3,500,000. The company leases the
Merchants' Bridge, upon which there are outstanding
$2.000,000 1st 6s— due Feb. 1, 1929, but redeemable
after Feb. 1. 1909, at 110. The T. RR. A. of St. L.
guarantees the 1st mtge bonds of Oct. 1, 1930, both
as to principal and interest, and guarantees the
interest on the Merchants' Bridge Ists of Feb. 1,
1929. C. C. Rainwater, Pres.; C. K. D. Walsh,
Vice-Pres. ; Frederick C. Daab. Treas. ; H. D. Heuer,
Sec., St. Louis, Mo. Office, Union Station, St. Louis,
Mo.
Madison, Illinois and St. Louis Ry. — Merchants'
Bridge to Granite City, 111., etc., 4.3 miles. Rail
(steel), 67 Ibs. Chartered Feb. 18, 1889; road
opened July 1, 1800. Operated by the St. L. M. B.
T. Ry. Co. Cost of road, $372.725. C. C. Rainwater,
Pres.; H. D. Heuer, Sec. & Treas. Office, St. Louis,
Mo.
TUNNEL RR. OF ST. LOUIS.— Length of tun-
nel, about 1 mile. Formerly the St. Louis Tunnel
RR. Sold under foreclosure and present company
organized. Leased to the T. RR. A. of St. L.. at a
yearly rental equivalent to 6 p. c. on the capital
stock and $2,500 for expenses of organization. Cap-
ital stock ($100 shares), $1,250,000. William
Taussig. Pres.; Julius S. Walsh. Vice-Pres.; Victor
W. Fisher, Sec. & Treas., St. Louis, Mo.
Directors, T. RR. Assn. of St. Louis (elected March 4, 1902).— Russell Harding, C. G. Warner, St. Louie,
Mo.; Jos. Ramsey, Jr., New York, N. Y.; E. F. Osborn, Cincinnati, O.; M. H. Smith. Louisville, Ky.; Julins S.
Walsh, H. I. Miller, St. Louis, Mo.; W. M. Greene, Cincinnati, O. OFFICERS : JULIUS S. WALSH, Pres.; W. S.
McChesney, Vice-Pres. <fc Gen. Mqr., St. Louis, Mo.; A. H. Calef, Treas., New York, N. Y.; Jas. Hanna, Sec.,
Aud. & Asst. Treas., St. Louis, Mo.
TEXAS, ARKANSAS AND LOUISIANA RY.— Atlanta to Bloomburg, Tex., 7.7m.; total track
(steel; 35 Ibs.), 8 miles. Gauge, 4 ft. 84 in. Chartered Aug. 14, 1897; road built in 1897. Connects the T. & P. Ry.
at Atlanta, • Tex. , and the K. C. South. Ry., at Bloomburg, Tex. Locomotives, 2. Cars— passenger, 2 ; freight,
26— total, 28. Capital stock paid in (§200,000 anth.), $50,000. Cost of road, etc., $60.000.
Operations, year ending June 30, 1901.— Tons freight moved, 5,797; ton-miles, 44,637. Earnings (pas-
senger, $873 ; freight, $7,355 ; other, $220), $8,454. Operating expenses, $5,452. Net earnings, $3,002.
Directors.— A. C. Smith, B. P. Ellingiton, C. A. Smith, M. L. Smith, F. M. Greene, Atlanta, Tex. OFFI
CEBS : F. M. GREENE, Pres.; C. A. Smith, Vice-Pres.; W. F. Cameron, Gen. Mgr., Atlanta, Tex. GENERAL
OFFICE, Atlanta, Tex.
TEXAS CENTRAL RR.— Ross to Stamford, Tex., 214 m.; leased, H. & T. C. RR , Waco to Ross,
Tex., 11 m.- total, 225 m. ; total track (steel, 199.5 m.), 241 miles. Rail, 56 and 60 Ibs. Organized Jan. 12, 1893,
to take over the main line of the Texas Central Ry. (see MANUAL for 1898, page 226). The extension from
Albany to Stamford, Tex., 39 miles, was put in operation in Feb., 1900. The company leases 11 miles of the H.
& T. C. Ry., from Ross to Waco, paying therefor a proportion of taxes and of cost of maintenance and operation
besides 40 p. c. of terminal expenses at Waco. Locomotives, 15. Cars— passenger, 10; combination, 2; baggage,
etc., 5 ; freight (box, 138 ; flat, 67 ; coal, 25), 230 ; caboose, 5 ; other, 20— total, 272.
Operations, year ending June 30, 1901.— Trains run (passenger, 241,075 ; freight, 143,634), 384,709 miles.
Passengers carried, 123,914; carried one mile, 5,814,163. Tons freight moved, 172,715; ton-miles, 15,486,142.
Earnings (passenger, $156,334; freight, $514,573; other, $38,684), $707,591. Operating expenses, $430,323. Net
earnings, $277,208; other receipts, $2,724— total, $279,992. Payments : Interest on bonds, $25,000 ; taxes, $11,481 ;
dividends (5 p. c.), $66,225— total, $102,706. Surplus, $177,286; surplus forward, $195,028; additions during
year, $94,324— total, $466,638. Deductions, $250,040, Net surplus, June 30, 1901, $216,598.
General Balance Sheet, June 30, 1901.— Capital stock (common, $2.675.000; 5p. c. non-cumulative pre-
ferred, §1,325,000), $4,000,000; funded debt (1st gold 5s of April 1,1923), $1,150,000; current liabilities, $37,774 ;
due railroads and others, $67,368 ; interest due and accrued, $6,250 ; profit and loss, $216,598— total, $5,477,990.
Contra: Property account, $4,570,663; bonds in treasury, $650,000; treasury stock, $26,200; materials, etc.,
$18,247 ; cash in bank, $3,750 ; due from railroads and others, $209,130— total, $5.477.990.
New 1st Mtge. Bonds.— On March 5, 1902, the company issued $150,000 of an authorized issne of
$2.000.000 1st mtge. 4 p. c. bonds of 1923 (interest April and Oct.), to provide the means for building an extension
from Ross to Waco, the bonds to be secured upon the extension.
Directors.— Henry K. McHarg, Walton Ferguson, Stamford, Conn.; Amedee D. Moran, New York, N. Y. ;
Jesse S. McLendon, Chas. Hamilton, Edward Rotan, Waco, Tex.; Geo. T. Reynolds, Albany, Tex. OFFICERS :
HENHT K. McH*RG. Pres., Stamford, Conn.; Chas. Hamilton, Vice-Fret- & Gen. Mqr.; Richard Oliver, Sec.,
Trea*. >f- Aud.; Waco, Tex.; D. Comyn Moran, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE,
Waco, Tex. New York Office, 54 William Street.
516 POOR'S MANUAL OF RAILROADS — SOUTHWESTERN GROUP.
TEXAS CITY TERMINAL. BY.— Texas City to Texas City June., Tex., 4.5 m.; Texas City to
Shoalpoint, 1.5 m.— total, 6m.; total track (steel ; 05 Ibs.), 7.5 miles. Gauge, 4 ft. 8$ in. Built In 1893. The
company owns 1 locomotive and 1 passenger car. No statement of financial condition furnished.
Operations, year ending June 30, 1901.— Earnings (passenger, $387 : freight, $2,981 ; express, 898), 83,466
Operating expenses, $4,988. Deficit, $1,522.
Directors.— B. P. Crane, Dnlnth, Minn.; S. E. Tracey, Houston, Tex.; D. H. Wilson, Texas City, Tex.
OFFICERS : B. P. CRANK, Pres., Dnluth, Minn.; D. n. Wilson, Sec., Treas. <& Gen. Supt., Texas City, Tex.
J. R. Myers, Afgr., Houston, Tex. GENERAL OFFICE, Texas City, Tex.
TEXAS MIDLAND RR.— Ennis to Greenville, Tex., 73.57 m.; Commerce to Paris, Tex., 37.61 m.
—total, 111.18 m.; trackage, St. L. S. W. Ry. of Tex., Greenville to Commerce, Tex., 13.97 m.— total operated,
125.15 miles. Sidings, etc., 29.90 miles. Gauge, 4 ft. 8| in. Rail— iron, 56; steel (117.96 m.), 60 and 70 Ibs.
Organized May 23, 1893, and on the 25th of that month acquired the Northeastern Division of the Texas Central
Ry. {See MANUAL for 1895, page 257, and MANUAL for 1898, page 226.) Locomotives, 17. Cars— passenger. 15 ;
baggage, etc., 4 ; freight (box, 186 ; flat, 114 ; coal, 39 ; tank, 19), 358 ; service, 19— total, 396.
Operations, year ending June 30, 1901.— Trains run (passenger, 181,908 ; freight, 117,631 ; other, 140.900),
440,439 miles. Passengers carried, 109,082 ; carried one mile, 4.627,852. Tons freight moved, 279,890 ; ton-miles,
24,588,232. Earnings (passenger, §119,021 : freight, $483,254 ; other, $28,296), 8630.571. Operating expenses. $480.-
499. Net earnings, $150,072 ; other receipts, $1,341— total, 8151,413. Payments : Interest on bonds, $45.000 ;
taxes, $13,785 ; other charges, $1.826— total, $60,611. Surplus, $90,801 ; deficit forward, $610,609 ; net deficit,
$519,808.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000 ; funded debt ($150,000 1st 5s
and $750,000 2d 5s, both due in 1993), $900,000 ; current liabilities, $2,095,830— total, $3,495,830. Contra : Cost of
road and equipment, $2,743,434 ; materials, etc., $77,497 ; cash on hand, $153,851 ; other assets, $1,240 ; profit and
loss, $519,808— total, $3,495,830.
Directors.— E. H. R. Green, W. P. Allen, Terrell, Tex.; Wm. J. Qninlan, Jr., G. G. Williams, New York,
N. Y.; M. B. Loyd, Fort Worth, Tex.; J. S. Lockwood, San Antonio, Tex.: E. M. Reardon, Dallas, Tex. OFFI-
CERS : E. H. R. GREEN, Pres. & Gen.Mgr., Terrell, Tex.; M. B. Loyd, Vice-Pres., Fort Worth, Tex.; T. E. Corley,
Treas.; D. S. Willard, See. & And., Terrell, Tex. GENERAL OFFICE, Terrell, Tex.
TEXAS, SABINE VALLEY AND NORTHWESTERN RY.-Projected : Sabine Pass to
Red River, 350 miles. Completed : Longview to Boren, Tex., 40 m. Gauge. 4 ft. 8} in. Rail (steel), 50 Ibs.
Successor to a company of the same name, whose property was sold under foreclosure March 2, 1897 (see MAN-
UAL for 1898, page 227). The company operates the Marshall, Timpsou and Sabine Pass Ry. under a traffic
agreement (see appended statement). Capital stock ($100 shares), $100,000. Locomotives, 4. Cars— passenger. 6 ;
baggage, etc., 1 ; freight (box, 10; flat, 10), 20- total, 27.
Operations, year ending June 30, 1901.— Earnings (passenger, $19,234; freight, $120,559 ; other, $3,526),
$143.319. Operating expenses, §90,544. Net earnings, $52,775. Paid taxes, $1,723. Surplus, $51,052 ; surplus
forward, $15,454— total, $66,506.
MARSHALL, TIMPSON AND SABINE PASS
RY. — Timpson to Carthage, Tex., 19.6 miles. Rail
(steel), 45 Ibs. Chartered in Aug., 1896; road opened
In Dec., 1898. Operated under a traffic agreement,
by the T., S. V. & N. W. Ry. Co. Locomotive, 1.
Cars (passenger, 1; freight flats, 3), 4. Capital
stock, $20,000; other liabilities, $2,000— total,
$22,000. Cost of road, etc., $44,000. G. M. D.
Grigsby, Pres., Longview, Tex.; T. S. Garrison, Vice-
Pres. ; C. E. Sanford, Sec., Timpson, Tex.; F. T.
Rembert, Treas., Longview, Tex. Office, Timpson,
Tex.
Directors (T7., S. V. & N. W. Ry. Co.\— G. M. D. Grigsby, W. B. Ward, J. W. Yates, G. P. Perry. E. F.
Young, M. H. Lillard, W. T. Whitelock, F. T. Rembert, W. S. Mayfteld, Longview, Tex.; M. D. Whitfleld, Beck-
ville, Tex. OFFICERS : G. M. D. GRIGSBY, Pres. & Gen. Mgr.; W. B. Ward, Vice-Pres.; F. T. Rembert, Sec. &
Treas.; C. L. Taylor, And., Longview, Tex. GENERAL OFFICE, Longview, Tex.
TEXAS SOUTHERN RY.— Marshall to Harleton, Tex., 16.50 m.; Gilmer to Asbnry, Tex., 16.14 m.—
total, 32.64 m.; total track (steel ; 35 and 40 Ibs.), 34.64 miles. Gauge, 4 ft. 8f in. Chartered March 12, 1897, as
successor to the Paris, Marshall and Sabine Pass Ry. Co. (See MANUAL for 1897, page 214.) Locomotives, 4. Cars-
freight (flat, 4; logging, 22) 26; service, 2— total, 28. Of this equipment 2 locomotives and 22 logging cars are
held under trusts.
Mileage Operated, July 1, 1902. — In 1901 the company built a line from Ashland to Harleton. Tex., n
distance of 9 miles, and one from Gilmer to a connection with the Ragley RR. in Wood County, a distance of
16.5 miles. The Ragley RR., extending northeast to Winnsboro, 15.38 miles, was purchased, as were the Com-
mercial Lumber Co. RR., from Gilmer to Ashland, 16 miles, and the Marshall and Northwestern Ry., from
Harleton to Marshall, 15 miles. With these additions, the old lines having been changed somewhat, the company
now has a line in operation from Marshall to Winneboro, Tex., a distance of 71.75 miles.
Operations, four months ending June 30, 1901.— Trains run (mixed), 5,798 miles. Passengers carried,
919; carried one mile, 11,224. Tons freight moved, 22,979; ton-miles, 299,861. Earnings (passenger, ?347 ;
freight, $10,001 ; other, $312), $10,660. Operating expenses, $9,155. Net earnings, $1,505. Payments: Interest on
notes, $821 ; taxes, $222— total, $1,043. Surplus, $462.
General Balance Sheet, June 30, 1901.— Capital stock (§300,000 anth.; ?100 shares), $68,400: note*
outstanding, $68,025 ; current liabilities, $13,994 ; interest accrued, $925 ; taxes accrued, $234 ; other liabilities,
$4,474 ; profit and loss, $462— total, $156,514. Contra : Cost of road and equipment, $145,185 ; materials, etc.,
81,048 ; cash and current assets, $10,281— total, $156,514.
Notes Payable.— The notes outstanding on June 30, 1901, consisted of $30,500 Cs, due semi-annually Feb.
1, 1902, to Ang. I, 1907, int. F. & A.; 827,000 6s of July 1, 1903 (or before), int. J. & J.; $5.170 equipment trust 6s,
due monthly from May 1, 1901, and $5,355 equipment trust 6s, due monthly from July 1, 1901— total, $K8,025.
Directors (elected June 25, 1901).— W. D. Myers, Kansas City, Mo.; L. E. Walker, Geo. I. Walker, E. Key,
E. J. Fry, W. C. Pierce, L. W. Lloyd, S. P. Jones, Marshall, Tex.; J. W. Rose, Hutchinson, Kan. OFFICERS :
L. E. WALKER, Pres.; E. J. Fry, Vice-Pres.; W. C. Pierce, Treas.; Geo. I. Walker, Sec. & Supt.; E. B. Couch,
Aud., Marshall, Tex. GENERAL OFFICE, Marshall, Tex.
TRINITY VALLEY RR.— Dodge to Oakhnrst, Tex., 6 m. ; total track, 6.5 miles. Gauge, 4 ft. 8i in.
Locomotives. 3. Cars— combination, 1 ; freight, 26— total. 27. No stock issued ; $5,000 paid in.
Operations, year ending June 30, 1901.— Tons freight moved, 14,415; ton-miles, 86,490. Earnings (freight),
$16,735. Operating expenses, $12,303. Net earnings, $4,432. Payments : Taxes, $276 ; rental, $2,640— total,
$2,916. Surplus, 81,516.
Directors.— Not reported. OFFICERS : J. H. GRANT, Pres., Brownwood, Tex.; E. J. Denpree, Vice-Pres.;
J. T. Pinkley, Sec. <fe Treas.; D. R. Baker, Aud., Oakhurat, Tex. GENERAL OFFICE, Oakhurst, Tex.
UNION DEPOT AND RY. CO. (THE), DENVER.— Chartered Nov. 24, 1879 ; opened June 1,
1881. The Union Pacific RR. Co. owns three-fifths, the Denver and Rio Grande RR. Co. one-fifth, and the Colo-
rado and Southern Ry. Co. one-fifth of the Union passenger station at Denver, Col., and pay operating expenses
in proportion. All other roads entering the depot pay a fixed rental per month, which, together with express
earnings and office rentals, constitutes the revenue of this company. Owns no rolling stock, motive power, 01
POOR'S MANUAL OF RAILROADS. 517
trackage, except 5 miles of yard or depot tracks. Capital stock, $400,000. Fnnded debt (note to Union Pacific
RIt. Co.), $300,000. The stock is all owned by the companies interested in the property. (See MANUAL for 1898,
page 227.)
Directors.— W. A. Deuel, J. M. Herbert, Frank Trumbull, E. Dickinson, E. Buckingham. OFFICERS : W.
A. DKUEJ., Pres.; J. M. Herbert, Vice-Pres.; G. E. Ross-Lewin, Treas.; W. P. Kendall, Sec.; P. J. Nichols, Supt.,
Denver, Col. GENERAL OFFICE, Denver, Col.
UNION DEPOT CO. OF KANSAS CITY.-Yard tracks, 3.00 miles. Rail (steel), 75 Ibs. Gauge,
4 ft. 8^ in. Chartered Nov. 29, 1875 ; opened in April, 1878. The users of this property pay all operating expenses
and taxes on monthly bills being rendered therefor, but the miscellaneous revenues of the property must be first
applied to the payment of these expenses. Capital stock (&100 shares), $495,000. No bonds.
Directors.— B. L. Winchell, E. J. Sanford, J. O. Brinkerhoff, Kansas City, Mo.; 8. M. Felton, H. A. Parker,
Chicago, 111. ; A. A. Allen, J. Ramsey, Jr., Russell Harding, St. Louis, Mo. ; Howard Elliott, 8. E. Crance, St. Joseph,
Mo.; H. U. Mudge, C. F. Resseguie, Topeka, Kan. OFFICERS: E. J. SANFOBD, Pres. and Supt.; C. C. Ripley,
flee. <fe Treas., Kansas City, Mo. GENERAL OFFICE, Kansas City, Mo.
VELASCO, BRAZOS AND NORTHERN RY.— Anchor to Velasco, Tex., 20 m.; total track
(steel ; 56 Ibs.), 23.2 miles. Gauge, 4 ft. 81 in. Locomotives, 2 ; cars (combination, 1 ; caboose, 1), 2. This com-
pany is a reorganization of the Velasco Terminal Ry. Co., whose property was sold under foreclosure in April,
1001. It refuses to furnish any information. I. II. KEMPNER, Pres., Galveston, Tex.; H. Masterson, Vice-Pres.,
Houston, Tex.; D. B. Henderson, Sec., Angleton, Tex.; E. L. Burke, Gen. Mgr.; P. F. Combs, Aud., Velasco,
Tex. GENERAL OFFICE, Velasco, Tex.
WARREN AND CORSICANA PACIFIC RY.-Warren to Campwood, Tex., 18.30 m.; total
track (steel ; 35 Ibs.), 21.54 miles. Gauge, 3 ft. Chartered Nov. 20, 1899 ; road opened Jan. 6, 1900. Locomotives,
4. Cars— passenger, 1 ; freight, 75 — total, 76.
Operations, year ending June 30, 1901.— Earnings (freight, 851,722 ; other, $1,033), $52,755. Operating
expenses, ^38.358. Net earnings, $14,397. Surplus forward, $4,197— total, $18,594.
Q-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $100,000 ; accounts and balances,
$4,719 ; profit and loss, $18,150— total, $122,869. r
Contra : Cost of road and equipment, $113,232 ; materials, etc.,
$3983 ; cash and current assets, $5,654— total, $122.869.
Directors.— J. I. Campbell, I. L. Campbell, Y. W. McNeil, A. F. Sharpe, Dan Borchard, Houston, Tex.
OFFICERS : J. I. CAMPBELL, Pres.; I. L. Campbell, Vice-Pres., Gen. Mgr. & Treas.; Y. W. McNeil, Sec., Hous-
ton, Tex. GENERAL OFFICE, Houston, Tex.
WEATHERFORD, MINERAL WELLS AND NORTHWESTERN RY.-Weatherford
to Mineral Wells, Tex., 23 m.; total track (steel, 26.46 m.), 26.96 miles. Rail, 56 Ibs. Gauge, 4 ft. 8i in. Char-
tered July 8, 1889 ; road opened Dec. 16, 1890. Locomotives, 2. Cars— passenger, 2 ; baggage, etc., 2; freight
(box, 42 ; flat, 6 ; coal, 20), 68 ; service, 10— total, 82.
Operations, year ending June 30, 1901.— Trains run (passenger, 31,130; freight, 13,178; mixed, 2,134),
46,442 miles. Passengers carried, 37,523 ; carried one mile, 752,718. Tons freight moved, 58,132 ; ton-miles,
1,050,679. Earnings (passenger, $19,427; freight, $39,457; other, $3,173), $62,057. Operating expenses, $39,954.
Net earnings, $22,103; other receipts, $1,354— total, $23,457. Payments: Interest on bonds, $30,000; other in-
terest, «138 ; taxes, $1,524 ; other charges, $8,788— total, $40,450. Deficit, $16,993 ; surplus forward, $63,884 ;
net surplus. $46,891.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000 ; funded debt (1st gold
6a of Sept. 1, 1920), $500,000 ; current liabilities, $35,053 : interest accrued, $10,000 ; profit and loss, $46,891— total,
$1,091,944. Contra: Cost of road and equipment, $1,018,022; materials, etc., $3,142 ; cash and current assets,
$4,780 ; bills receivable, $66,000— total, $1,091,944.
Directors (elected June 11. 1901).— L. M. Pouts, P. E. Bock, J. W. Boot, G. B. Short, L. A. Loudermilk,
E. E. Smart, Weatherford, Tex.; S. M. Finley, W. A. Bonner, Dallas, Tex.; E. P. Fonts, Rock Creek, Tex.
OFFICERS : L. M. FOITTS, Prex. & Gen. Mgr.; P. E. Bock, 1st Vice-Pres., Weatherford, Tex.; S. M. Finley, 2d
Vice-Pres., Dallas, Tex.; J. W. Boot, Treas., Sec. & And., Weatherford, Tex. GENERAL OFFICE, Weather-
ford, Tex.
WICHITA VALLEY RY.— Wichita Falls to Seymour, Tex., 51 m.; total track (steel ; 56 Ibs.), 57
miles. Gauge, 4 ft. 8J in. Chartered Feb. 8, 1890 ; road opened Sept. 1, 1890. Locomotives, 2. Cars— passenger,
2 ; freight (box), 8— total, 10.
Operations, year ending Dec. 31, 1901.— Earnings (passenger, $14,800 ; freight, $54,829 ; other, $6,249),
$75,878. Operating expenses, $32,902. Net earnings, $42,976. Payments : Interest on bonds, $23,070 ; other
interest, $7,663 ; taxes, $2,881 ; other charges, $300— total, $33,914. Surplus, $9,062 ; surplus forward, $7,007—
total, $16,069.
General Balance Sheet, Dec. 31, 1901.— Capital stock paid in ($6,000,000 auth.; $100 shares), $1,020,000 ;
funded debt (1st gold 5s of July 1, 1940), $1,020,000 ; current liabilities, $14,764 ; accrued interest, $20,077 ; profit
and loss, $16,069— total, $2,090,910. Contra : Cost of road and equipment, $1,811,240 ; securities owned, $251,000 ;
materials, etc., $1,284 ; cash and current assets, $27,386— total, $2,090,910.
NOTE.— In 1898 interest on the bonds was scaled to 3 p. c. for 5 years, beginning with January, 1898, coupon.
On July 1, 1902, it reverted to the rate of 5 p. c. per annum.
Directors.— Morgan Jones, D. A. Chappell, Denver, Col.; G. M. Dodge, Nathan Herrmann, New York,
N. Y.; W. B. Kaufman, J. A. Kemp, J. Grant Jones, Wichita Falls, Tex.; E. W. Taylor, Fort Worth, Tex.;
Sidney Webb, Bellevue, Tex. OFFICERS : MORGAN JONES, Pres., Denver, Col.; Sidney Webb, Vice-Pres.,
Bollevue, Tex.; W. E. Kaufman, Sec., Treas. & And., Wichita Falls, Tex. GENERAL OFFICE, Wichita Falls, Tex.
WIO-QTNS FERRY CO.— Chartered Feb. 11, 1853, and operates the Wigdns Car Transfer. Owns
freight yards and 12.06 m. of tracks in St. Louis, Mo. Rail (steel), 60 Ibs. Gauge. 4 ft. 8i in. Car transfer started
in 1870 Besides the car transfer, the company operates 5 ferryboats between St. Louis, Mo., and East St. Louis,
111. Car transfer steamers, 2 ; car transfer barge, 1 ; tug, 1 ; ferryboats, 5 ; ferry wharf boats, 6. Cars (stock, 2 ;
dump, 20), 22.
Operations, year ending June 30, 1901.— Gross earnings, $40£,566. Operating expenses, $195,364. Net
earnings, $207,202 ; other receipts, $38,032— total, $245.234. Payments : Taxes, $34,524 ; rentals, $17,802 ; divi-
dends (8 p. c.), $80,000; other charges, $20— total, $132,346. Surplus, $112,888; surplus forward, $1,186,055—
total, $1,298,943.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $1,000,000; current liabilities,
?250,000 ; other liabilities, $30,706 ; profit and loss, $1,298,943— total, $2,579.649. Contra : Cost of floating stock
and equipment, $335,472 ; yards and sidings, $41,559 ; securities owned, $457,204 ; real estate, $851,324 ; cash and
current assets, $341,627; bills receivable, $552,463— total, $2,579,649.
Directors (as constituted July 1, 1902). — John Scnllin, Ernest Pengnet, A. C. Church, Geo. L. Sands, Festua
J. Wade, St. Louis, Mo. OFFICERS: JOHN SCULLIN, Pres.; A. C. Church, Vice-Pres.; Geo. L. Sands, 2d Vice-
Pres. d6 Mgr.; Chas. L. Gilbert, Sec. <& Treas.; C. L. Leslie, And., St. Louis, Mo. GENERAL OFFICE, Security
Buildinsr, St. Louis, Mo.
WILLIAMS VILLE, GREENVILLE AND ST. LOUIS RY.-Williamsville, Mo., to Hiram,
Mo., 25 m.; total track (steel, 45 to 60 Ibs.), 27.50 miles. Gauge, 4 ft. 8* in.. Chartered Jan. 25, 1894, and on
518
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
March 1, 1894, purchased the property of the WilHamsville, Greenville and Northeastern Ry. (See MANUAL for
1895, page 260.) Locomotives, 5. Cars— passenger, 1 ; baggage, etc., 1 ; freight (flat, 20 ; log, 80), 100 — total, 102.
Operations, year ending June 30, 1901.— Passengers carried, 8,194 ; carried one mile, 98,3^8. Tons freight
moved, 193,928; ton-miles, 4,848,200. Earnings (passenger, $4,820 ; freight, $90,211), $95,031. Operating expenses,
$59,848. Net earnings, $35,185. Payments : Interest on bonds, $25,100 ; taxes, $1,329— total, $12(5,428. Surplus,
$8,756 ; surplus forward, $8,872— total, $17,628 ; additions during the year, $1,328 ; net surplus, $18,956.
General Balance Sheet. June 30, 1901 (as reported).— Capital stock paid in ($750,000 auth.; $100 shares),
$375,000 ; funded debt (1st gold 6s of Jan. 2, 1936), $375,000; current liabilities, $79,301-; profit and loss, $18,956-
total, $848,257. Contra : Cost of road and equipment, $809,785 ; cash on hand, $79,301— total, 8*89,086.
Directors.— Breckenridge Jones, J. S. Walsh, E. W. Klotz, St. Louis, Mo.; M. 8. Halloday, E. Swartz,
Greenville, Mo. OFFICERS : BRECKENRIDGE JONES, Pres.; J. S. Walsh, Vlce-Pren., St. Louis, Mo.; John G.
Settle, Sec. <& Treat.; E. G. Swartz, Gen. Mgr., Greenville, Mo. GENERAL OFFICE, St. Louis, Mo.
NORTHWESTERN GROUP— States of Iowa, Minnesota, Ne-
braska, North Dakota, South. Dakota, "Wyoming, and Montana.
BUBLINGTON, CEDAR RAPIDS AND NORTHERN RAILWAY COMPANY.
(For map of this road, see page 519.)
INDEX TO STATEMENTS AND DATA CONTAINED HEEEINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Controlled Railroads 4
Directors and Officers 11
Earnings, Expenses, etc 7
Funded Debt, Details of 9
Gen. Balance Sheet, Dec. 31, 1901. 8
Gen. Balance Sheet, 1894-1901 ... 10
Income Account, Dec. 81, 1901 ... 7
History 2
Lease to C., R. I. & P. Ry. Co. . . 5
Mileage Operated 1
Operations, etc., 1894-1 901 10
Rolling Stock 6
St. Paul-Minneapolis Extension. 3
1. Mileaare Operated, Dec 31, 1901.— A. LINES OWNED (total, 606.66 miles).
Main Line : Burlington. la., to Erin, Minn 295.97 miles.
Milwaukee Division : Linn Junction to Postville, la ; 94. 12
Muscatine Division : Muscatine to Riverside, la 30.58
Pacific Division : Vinton to Holland, la 48.12
Davenport Branch : Bennett to Davenport, la 31.63
Waverly Short Line : Waverly Junction to Waverly, la 5.68
Titonka Branch : Madison Junction to Titonka, la 18.40
Estherville Branch : Albert Lea, Minn., to Estherville, la 82.16
B. CONTROLLED RAILROADS (total, 692.56 miles).
Iowa City and Western Ry.: Iowa City to What Cheer, Minn 56.74 m.
Montezuma Branch : Thornburg to Montezuma, la 16.25 m. — 72.99 "
C. B., I. F. <& N. W. Ry.: Holland, la., to Watertown, S. D 327.85 m.
Hardwick Br.: Lake Park via Worthington to Hardwick, Minn.. 54.59 m.
Germania Branch : Dows via Forest City to Germania, la 70.84 m.
Sioux Falls Branch : Ellsworth, Minn., to Sioux Falls, S. D 42.49 m.
Jasper Branch : Trosky to Jasper, Minn 8.71 m.
Madison Branch : Hayfield June, to Madison June., la 6.30 m. — 510.78 "
Cedar Rapids and Clinton Ry.: Iowa City to Clinton, la. 78.97 m.
Cedar Valley Branch : Plato to Cedar Valley Quarry, la 2.96 m.— 81.93
Chicago, Decorah and Minnesota Ry.: Postville June, to Decorah, la 23.28 "
South St. Paul Belt Line : South St. Paul to Newport, Minn 3.58
G. TRACKAGE : Iowa Central Ry.: Manly to Northwood, la 11.33 "
Total length of lines operated Dec. 31, 1901 1,310.55 miles.
Average mileage operated for the year 1,288.00 "
Sidings, etc., 179.24 miles. Gauge, 4 ft. 8£ in. Rail— steel, 52 to 80 Ibs.
2. History. — Organized June 22, 1876, as successor to the Burlington, Cedar Rapids and
Minnesota RR. Co. Included in the main line as above are 12.57 miles of the Minneapolis and
St. Louis RR., from Iowa State Line to Albert Lea, Minn. , leased for 999 years on a guaranty of
$150,000 of 7 p. c. bonds maturing June 1, 1927. When the bonds are paid off that link
becomes the property of this company. The Cedar Rapids, Garner and Northwestern Ry_
(Titonka Branch), the Waverly Short Line Ry,, and the Cedar Rapids, Iowa Falls and North-
western Ry. (Estherville to Germania, la., 38.09 miles) were absorbed in 1900, and in the
same year extensions were built from Germania, la., to Albert Lea, Minn., 44.07 miles, and
from Albert Lea to a point 2.82 miles north of Owatonna, Minn., 35.8 miles. The extension
to Erin, Minn., 19.94 miles, was built in 1901.
519
520 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
3. St. Paul-Minneapolis Extension. — The construction of the company's line toward
St. Paul and Minneapolis was continued during 1901 under great difficulties, but the grading
was finally completed and track-laying finished on Feb. 7, 1902. Arrangements have been
made with the Chicago, Milwaukee and St. Paul Ry. Co., for tho use of their tracks and
htajions from Erin to Roseinount, Minn., 27 miles, and from Newport to Minneapolis, Minn.,
18 miles. Ample grounds for freight terminals have been secured at West St. Paul, near
the Roberts Street Bridge, and at Minneapolis, between Fourth and Fifth Streets and Eighth
and Eleventh Avenues. The union passenger station at St. Paul and tho passenger station
of the Chicago, Milwaukee and St. Paul Ry. Co. at Minneapolis will be- used for all passenger
trains. The track connections with the Chicago, Milwaukee and St. Paul Ry. were completed
at the close of the fiscal year, but the company thought best not to operate over the line
leased from the Chicago, Milwaukee and St. Paul Ry. Co. until the freight terminals should
be completed, which was expected to be done not later than July, 1902.
4. Controlled Railroads. — The controlled railroads are nominally leased, but really
owned by this company, and their bonds are guaranteed both as to principal and interest (see
MANUAL for 1893, page 699). The South St. Paul Belt Ry. was purchased and taken possession
of on Feb. 16, 1901. It is operated under a nominal lease, the same as the other controlled
roads. The property consists of 3.58 miles of track from South St. Paul stock yards to
Newport, Minn., and a bridge across the Mississippi River at Newport. The bridge and
approaches form a connecting link in the line between Rosemount and Newport.
5. Lease to Chicago, Rock Island and Pacific Ry. Co. — A lease of this road to the
Chicago, Rock Island and Pacific Ry. Co., for the term of 999 years from Jnne 1, 1902, at. a
yearly rental amounting to 6 p. c. net on the capital stock, was made by the directors and
ratified by vote of the stockholders on June 5, 1902. In connection with the lease, the
Chicago, Rock Island and Pacific Ry. Co. offers to purchase the outstanding capital stock by
issuing in exchange therefor share for share of its own capital stock (see General Index for
C., R. I. & P. Ry. Co.).
6. Rolling Stock, Dec. 31, 1901. — Locomotives, 140. Cars — passenger, 55; chair, 3;
combination, 16 ; baggage, mail, and express, 30 ; freight (box, 4,362 ; flat, 382 ; coal, 126 ;
barrel racks, 4; stock, 343; refrigerator, 76; vehicle, 50; furniture, 341), 5,784; service, 234
—total, 6,122.
7. General Income Account, year ending December 31, 1901.
Earnings— Passenger $1,269,178 78
Freight 3,719,940 30
Mail and Express 241,491 40
Miscellaneous 129,989 52
Total ($4,161.96 per mile) $5,360,600 00
Expenses— Maint. of Way and Structures.. $1,225,524 51
Maintenance of Equipment 460,110 04
Conducting Transportation 1,535,257 10
General Expenses 128,202 59
Total ($2,600.23 per mile) $3,349,094 24
Net earnings (37.52 p. c.), $2,011,505.76; add receipts from sale of stock, bonds, and
real estate, $72,750; other income, $29,963.81; cash assets in 1900, $1,051,979.56— total,
$3,166,199.13. Payments: Taxes (including war tax), $158,918.64; interest on bonds, $792,200;
dividends, $427,239 ; amounts expended for construction, improvements, and additions,
$1,479,194.11— total, $2,857,551.75. Balance, cash assets, $308,647.88.
The company's report contains no regular Profit and Loss Account, the net earnings and
payments therefrom being charged into the General Balance Sheet.
8. General Balance Sheet, December 31, 1901.
Cost of Consolidated Property $17,217,747 28
Cost Leased Lines to Dec. 31, 1901 9,879,799 47
Account of Sundry Extensions 2,465,800 52
New Equipment 305,587 76
Improvement 2,635 97
Material and Fuel Account (Net) 533,460 43
Dividends Paid in 1901 427,239 00
Coupon Interest Paid in 1900 792,200 00
Bonds and Stock in Treasury 619,633 68
Real Estate 38,566 27
Cash and Current Assets 696,17907
Total Assets $32,978,849 45
Cap. Stk. ($30,000,000 auth. ; $100 shares) $7,150,000 00
Funded Debt Outstanding (see Sec. 8).. 16,358,000 00
Current Liabilities 629,4&4 63
Additions and Improvements 3,368,61250
Income;
Net Traffic Earnings, 1901. $1,852, 537 12
Other Income 29,963 81
Balance Income Account.. 3,590,221 39— 5,472,772 82
Total Liabilities .7. . . .$32,978,849 45
POOR'S MANUAL — BURLINGTON, CEDAR RAPIDS AND NORTHERN RY. CO. 621
9. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $16,358,000, as per
general balance sheet — consisted of the following issues of bonds (additional particulars will be found in
the Ready Reference Bond List — see General Index) :
!f<8, 50O,OOO B., C. R. & N. Ry. 1st 5s of June 1,
1906, secured on 219.7 miles of the main line,
from Burlington to Plymouth Junction; on the
Muscatine Division, from Muscatine to Riverside,
30.58 miles; on the Milwaukee Division, from Linn
Junction to Postville, la., 94.12 miles, and on 25
miles of the Pacific Division, from Vinton to
Traer, la.; a total of 369.40 miles.
15O,OOO Minneapolis and St. Louis Ry. guar.
1st gold 7s of June 1, 1927, secured on 12.57
miles of the main line, from Albert Lea, Minn.,
to Iowa State Line. Principal and interest are
guaranteed by the B., C. R. & N. Ry. Co..
1,9O5,OOOC. R., I. F. 6 N. W. Ry. guar. 1st
gold 5s of Oct. 1, 1921, secured by first mortgage
on the lines from Holland, la., to Worthington,
Minn., 181.83 miles, and from Dows to Armstrong,
la., 91.05 miles; a total of 272.88 miles. The
total amount authorized by the mortgage ia $4,-
000,000, of which $3,916,000 has been issued, $1,-
905,000 thereof being outstanding and the re-
mainder deposited as collateral under the con-
solidated mortgage of the B., C. R. & N. Ry. Co.
$7,8O3,OOO B., C. R. & N. Ry. consol. gold 5« of
April 1, 1934, secured by deposit of 1st mtge.
bonds of proprietary railroads as follows: C. R.,
I. F. & N. W. Ry. bonds, $5,616,000; Cedar Rapids
and Clinton Ry. bonds, $1,200,000; Iowa City and
Western Ry. bonds, $584,000; Chicago, Decorah
and Minnesota Ry. bonds, $348,000; a total under-
lying of $7,748,000. These consol. mtge. bonds are
intended to replace all prior issues both of the
Burlington, Cedar Rapids and Northern Ry. Co.
and of the leased lines. They are authorized at
the rate of $15,000 per mile of single track road
and $7,500 per mile additional for double track.
The Minnesota and Dakota Divisions bonds of the Cedar Rapids, Iowa Falls and Northwestern Ry., of
which $3,563,000 have been issued and deposited under the consolidated mortgage of the B., C. R. & N. Ry.
Co., are part of an authdrized issue of $10,000,000, and are a first lien on the lines from Lake Park, la.,
to Watertown, S. D.., 163.12 miles; from Ellsworth, Minn., to Sioux Falls, S. D., 43.17 miles; from Troskj
to Jasper, Minn., 8.97 miles, and from Lake Park to Hardwick, Minn., 36.92 miles; a total of 252.18
miles.
1C. Statement of operations, etc., for eight years ending Dec. 81:
*%
1894
1895
1896
1897
1898
1899
1900
1901
Mile's Operated (Average). .
Passenger Train Miles
Freight Train Miles
Passengers Carried
1,134.29
1,264,639
1,784,721
749,371
30,721,098
1,534,364
220,320,894
S
831,771
2,737,681
179,377
1,136.29
1,255,539
2,136,678
770,349
34,002,213
1,851,799
291,152,069
$
874,867
3,439,866
189,599
1,136.47
1,271,715
2,170,413
824,523
34,238,522
1,902,585
297,743,766
$
876,147
3,365.928
207,960
1,136.47
1,262,260
1,878,389
826,410
34,299,595
1,890,169
260,510,156
$
873,301
3,210,151
208,710
1,136.47
1,285,698
1,967,355
871,072
38,811,367
2,046,070
284,383,671
$
929,569
1,140.78
1,336,070
1,744,837
987,010
41,420,725
2,353,461
324,177,402
$
1,040,850
1,192.84
1,466,094
1,649,826
1,114.239
44,284,092
2,119,392
288,402,768
$
1,131,415
1,288.00
1,500,022
1,763,364
'1,237,968
51,304,615
2,115,918
312,529,948
$
1,269,179
Passenger Mileage
Freight (tons) Moved *
Freight (ton) Miles *
Earnings — Passenger
Freight .
3,407,364
208,710
3,655,915
230,168
3,472,397
244,466
3,719,940
371,481
Miscellaneous..
Gross Earnings
3,748.829
2,722,217
4,504,336
3,049,960
4,450,036
3,366,732
4,292,162
3,048,832
4,545,643
3,114,822
4,926,9*3
3,494,172
4.848,278
3,597,436
5,360,600
3,508,013
Operating Exp. and Taxes.
Net Earnings
1,026,612
811,280
1,454,372
811,080
1,083,304
807,673
1,243,330
799,400
1,430,821
799,400
1,432,761
795,275
1,250,842
791,150
1,852,587
792,900
Interest on Bonds
Surplus Revenue
215,332
3,305 84
2,40054
90530
72. 62 p. c.
2.71 c.
643,292
3,965 08
2,648 91
1,31617
67.71 p. c.
2.57 C.
275,631
3,915 66
2,962 44
95322
75. 66 p. C.
2.56 c.
443,930
3,776 75
2,682 72
1.09403
71.03 p. c.
2.55 c.
631,421
3,999 79
2,740 78
1,259 01
68. 52 p. c.
2.40 c.
637,486
4,318 92
3,062 96
1,255 96
67.91 p. C.
2 51 C
459,692
4,06448
3,015 86
1,04862
71. 02 p. c.
2.55 c.
1,059,687
4,161 96
2,72360
1,438 36
65.44 p. c.
2 50 c.
Gross Earnings per Mile. . .
Operating Exp. per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile*.
Capital Stock
1.24 C.
$
5,500,000
15,805,000
202,369
3,223,848
2,632,257
1.18C.
$
5,500,000
15,805,000
284,612
3,223,847
3,158,726
1.13 c.
$
5,500,000
15,805,000
247,655
3,223,847
3,281,129
1.23c.
$
5,500,000
15,805,000
150,451
3,223,847
3,536,817
1.20C.
8
5,500,000
15,805,000
285,356
3,223,847
4,008,361
1.13 c.
S
5,500,000
15,805,000
300,879
3,223,847
4,544,824
1.12C.
$
7,121,740
15,805,000
315,984
3,223,847
4,821,371
1.20C.
S
7,150,000
16,358,000
629,465
3,368,612
5,472,772
Funded Debt
Bills and Accounts
Improvement Fund
Income Account
Total
27,363,474
25,659,363
27,972,185
25,755,438
28,057,631
25,806,798
28,216,115
26,093,632
28,822,564
26,104,755
29,374,350
26,438,292
31.287.943
27,989,663
11,642
415,257
791,150
(8) 440,000
459,409
344,733
836,089
32,978,849
29,868,935
2,636
619,634
792,200
(6) 427,239
533,460
301,226
433,519
Roads and Equipment. . . .
Improvements, etc . .
Other Investments
111,115
811,280
(3) 165,000
153,552
349,681
113,483
147,229
811,080
(3) 165,000
210,889
725,272
157,277
231,164
807,673
(4) 220,000
317,565
561,191
113,240
93,321
799,400
(4) 220,000
359,384
424,668
225,710
97,657
799,400
(4) 220,000
233.734
397,628
969,390
105,865
795,275
(8) 440,000
262,157
314,904
1,017,857
Interest Paid
Dividends Paid
Materials
Accounts and Assets
Cash
Total
27,363,474
27,972,185
28,057,631
28,216,115
28,822,564
29,374,350
31,287,943
32,978,849
* Only paying freight is included in the above table.
11. 'Directors.— Term expires in 1902: E. R. -Cable, Chicago, 111.; C. P. Squires, W.
G. Snow, Burlington, la.; F. H. Griggs, Davenport, la.; O. H. Harriman, New York, N. Y.
Term expires in 1903 : Geo. W. Cable, Davenport, la. ; Thos. Hedge, Burlington, la.; J. Car-
522
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
skadden, Muscatine, la.; C. J. Ives, Cedar Rapids, la. Term expires in 1904 : J. C. Peasley,
W. Q. Purdy, Robert Mather, Chicago, 111.; J. W. Blythe, Burlington, la.
Executive Committee: J. W. Blythe, Burlington, la.; J. C. Peasley, R. R. Cable, W. Q.
Purdy, Chicago, 111.; C. J. Ives, Cedar Rapids, la.
R. R. CABLE, Chairman of the Board Chicago, m.
C. J. IVES, President Cedar Rapids, la.
Robert Williams, Vice-President and General Supt " " "
Treasurer— H. H. Hollister New York, N. Y. | Sec. & Asst. Treas.—S. 8. Dorwart. . .Cedar Rapids, la.
General Auditor— J. C. Broeksmit Cedar Rapids, la.
PRINCIPAL OFFICE AND ADDBESS Cedar Rapids, la.
Fiscal Agency in New York City Central Trust Co.
CHICAGO GREAT WESTERN RAILWAY COMPANY.
(For map of this road, see page 523.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Additional Stock Issued 11
Authority for Additional Issues. 17
Capital Stock 10
Common Stock 15
Debenture Stock 12
Deed of Trust 16
Directors and Officers 20
Earnings, Expenses, etc., 1901. .. 5
Earnings, Expen., etc., 1894-1901. 6
General Balance Sheet, Revenue
Accounts, June 30, 1901 8
Gen. Balance Sheet, Capital Ac-
counts, June 30, J901 9
History 3
Income Account, June 30, 1901 . 5
Interest Payments, 1900-1 7
Mileage Operated 1
Operations and Income, 1894-1901. 6
Owned and Operated Roads,
Statements of 19
Preferred Stock " A " 13
Preferred Stock " B " 14
Priority as to Principal of Stock. 18
Rentals Paid in 1900 & 1901 7
Rolling Stock 4
Trackage Rights 2
1. Mileage Operated, June 30, 1901.— A. LINES OWNED (total, 844.85 miles).
Main Line : Chicago, 111., to St. Paul, Minn 400 . 26 milea.
DeKalb and Great Western By.: Sycamore to DeKalb, 111 5. 81
Hampton Branch : Suiuner to Hampton, la 63 . 95
Mantorville Branch : Eden to Mantorvil le, Minn 7 . 57
St. Joseph Division : Oelwein, la., via Des Moines, la., to St. Joseph, Mo., 389.58
Cedar Falls Branch : Hudson, to Cedar Falls, la 7.48
Kansas City Division : Bee Creek to Beverly, Mo 23 . 00
Hay field-Manly Line : Hayfield, Minn. , to Manly Junction, la 47 . 20
B. TRACKAGE RIGHTS (for details, see Sec. 2) 84. 66
Total length of lines operated, June 30, 1901 929.51 milei.
2d track, 4.4 m.: sidings, 224.5 miles. Gauge, 4 ft. 8£ in. Rail (steel), 56, 60, and 75 Ibs.
2. Trackage Rights. — The mileage operated under trackage arrangements on June 30,
1901, was made up of the following lines and parts of lines : Northern Pacific Ry., Min-
neapolis to St. Paul, Minn., 10.56 m.; M. & St. L. Ry., 0.13 m.; Dunleith and Du-
buque Bridge Co., Dubuque, la., to East Dubuque, 111., 0.59 m. ; Illinois Central, RR., East
Dubuquc to Portage Curve, 111., 13.23 m.; C., B. & N. RR., Portage Curve to Aiken, 111.,
1.85 m.; Chicago Terminal Transfer Ry. (Chicago Terminals), Forest Home to Chicago, 111.,
10.18m.; Des Moines Union Ry., in Des Moines, la., 2.26m.; Des Moines and Kansas City
Ry., in Des Moines, la., 0.44 m.; K. C., St. J. & C. B. Ry., in St. Joseph, Mo., 0.81 m. ; St.
Joseph Terminal Co., in St. Joseph, Mo., 0.39 m.; A., T. & S. F. Ry., St. Joseph to Bee
Creek, Mo., 7.63 m.; C., R. I. & P. Ry., Beverly to Stillings, Mo., 3.59m.; Leavenworth
Terminal Ry. and Bridge Co., across the Missouri River at Leavenworth, 1.36 m.; A., T. &
S. F. Ry., Leaveii worth to Soldiers' Home, 3.73 m. ; K. C. & N. W. RR., Soldiers' Home to
Kansas City, Mo., 27.91 m.— total, 84.66 miles.
3. History. — Chartered Jan. 5, 1892, under the laws of the State of Illinois, for the pur-
pose of reorganizing the Chicago, St. Paul and Kansas City Ry. Co. on a stock basis (see
MANUAL for 1895, page 261.) An agreement has been made for the sale of the Hayfield-
Manly Line, 47.2 miles, and of about 42 milea of the Hampton Branch, from Waverly to
Hampton, la., to the Mason City and Fort Dodge RR. Co., for $1,386,000 of 1st mtge. 4 p. c.
gold bonds of that company.
Under date of April 30, 1901, an agreement was made with the Mason City and Fort
CHICAGO GREAT WESTERN BY.
and Proprietary Lines.
524
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
Dodge RR. Co. (see page 526), by which this company will take possession of the Mason City
und Fort Dodge lines as fast as constructed and connected with this company's lines, and \\i'l
hold possession and operate them as a part of the Chicago Great Western System for the term
of 100 years ; but while operated as one system, the contract provides that both corp rations
shall be maintained, and that separate accounts shall be kept of the earnings and expenses
of each. Out of the net earnings of the Mason City and Fort Dodge RR., in its possession
but not otherwise, this company agrees to pay the coupons of the bonds issued by that com-
pany, it being agreed that the surplus of net earnings shall belong to this company. All the
stock of the Mason City and Fort Dodge RR. Co. is to be assigned to this company in ex-
change for common stock, share for share. Substantially the same arrangement in regard
to operation and stock ownership has been made in respect of the Wisconsin, Minnesota and
Pacific Ry. Co.
4. Rolling Stock, June 30, 1901. — Locomotives, 194. Cars — passenger, 50 ; suburban,
3; combination, 13; baggage, etc., 19; milk, 9; dining, 3; buffet, 2; freight (box, 5,157;
stock, 381 ; flat and coal, 591 ; caboose, 82 ; refrigerator, 9 ; furniture, 439 ; other, 2), 6,661 ;
other, 487— total, 7.247.
5. General Income Account, year ending June 30, 1901.
Expenses— Maintenance of Way $929,364 42
Maintenance of Equipment 654,503 23
Conducting Transportation 2,838,929 83
General Expenses 408,718 50
Total ($5,197.92 per mile) $4,831,515 48
Earnings— Passenger $1,452,138 76
Freight 5,312,771 33
Mail and Express 201,684 49
Miscellaneous 47,267 11
Total ($7,545.76 per mile) $7,013,861 69
Net earnings (31.12 p. c.), $2,182,346.21. Payments: Interest on equipment lease war-
rants, $55,788.20; on company's proportion as joint owner of bonds issued by other com-
panies (St. Paul Union Depot Co., $5,137.74; Minnesota Transfer Ry. Co., $7,160), $12,-
297.74 ; on loans for capital improvements, $176,675.66 ; taxes, $204,000 ; internal revenue
war tax, $8,645.89 ; rentals (Chicago terminals, $203,526.15 ; Des Moines terminals, $14,-
088.78 ; Dubuque Bridge, $30,000 ; leased lines, $137,201.35), $384,816.28— total, $842,-
223.77. Surplus, $1,340,122.44 ; surplus forward, $143,788.60— total, $1,483,906.04. De-
ductions : Interest on 4 p. c. debenture stock (4 p. c.), $780,610.16 ; dividends on 5 p. c. pre-
ferred stock " A ", $568,620— total, $1,349,230.16. Surplus, June 30, 1901, $134,675.88.
6. Statement of operations, etc., for eight years ending June 30 :
1894
1895
1896
1897
1898
1899
1900
1901
Average Miles Operated. .
Passenger Train Miles . . .
Freight Train Miles
Passengers Carried
922.45
1,388,331
1,775,801
1,007,277
43,640,424
1,233,523
335,648,771
4,011,710
2,882,897
922.45
1,684,015
1,387,068
I Not re- 1
j ported, j
$
3,636,099
2,816,749
927.29
1,891,173
1,941,615
1,034,761
39,869,805
1,376,579
4,709,821
3,310,243
928.02
2,004,210
2,006,830
966,663
40,885,158
1,469,215
No
$
4,680,860
3,427,588
929.51
1,997,385
2,168,918
1,192,729
46,712,643
1,814,750
record
$
5,386,044
3,777,373
929.51
2,059,085
2,390,481
1,164,810
52,888,135
1,721,854
kept.
5,867,740
3,943,516
929.51
2,076,461
2,707,988
1.303,785
61.255,fi09
2.340,965
706,924,174
8
6,721,037
4,490,223
929.51
2,191. M9
2.663,9t>4
1.493,(>0«J
66.052.117
2,651.054
833,799,170
7,013,861
4,831,515
Passenger Mileage
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings
Operating Expenses
Net Earnings ....
1,128,813
166,743
454,962
(4) 379,080
819,350
167,520
448,616
(4) 303,354
1,399,578
186,491
436,602
(4) 321,908
1,253,272
210,752
434,206
(4) 364,541
1,608,671
243,702
457,130
(4) 396,524
1,924,223
288,650
460,648
(4) 49r,742
(4) 454,584
212,873
+ 9,154
6,312 72
4,242 58
2,070 14
67.21 p. c.
2.00 C.
2,230,814
259,542
476,644
(4) 568.650
(5) 568,620
213,574
+ 143,784
7,230 73
4,830 74
2,399 99
66.81 p. c.
2.03 c.
0.72 c.
2,182,346
176,676
452,908
(4) 780,610
(5) 568.620
212,646
- 9,108
7,545 76
5,19792
2,347 84
68.88 p. C.
2.01 C.
0.64 c.
Interest Paid
Eental Tracks, etc
Debenture Dividends
Pref . " A " Stock Divs . . .
Taxes
120,000
+ 8,028
4,348 97
3,125 26
1,223 71
71. 86 p. c.
2.03 c.
0 82 c.
120,000
- 220,140
3,941 78
3,053 55
888 23
77. 47 p. C.
144,666
+ 310,577
5,079 12
3,569 80
1,509 32
70. 28 p. C.
2.14 c.
153,000
+ 90,773
5.043 92
3.693 44
1,350 48
73. 23 p. c.
2.02 c.
173,000
+ 339,315
'5,794 50
4,063 83
1,730 67
70. 13 p. c.
2.06 c.
Balance (+ or — )
Gross Earnings per Mile.
Gross Expenses per Mile.
Net Earnings per Mile . . .
Expenses to Earnings. . . .
Aver. Rate per Pass. Mile
POOR'S MANUAL — CHICAGO GREAT WESTERN RY. CO.
525
7. The following is a statement of the rentals payable in 1900 and in 1901, and of the
interest paid on indebtedness during those fiscal years, with an approximation of the interest
payments to be made during the fiscal year ending June 30, 1902 :
RENTALS
PAYABLE.
1900
1901
Increase.
INTEREST PAID ON
INDEBTEDNESS.
Loans and
Notes.
Car
Trusts.
Totals.
Chicago Terminals. . .
Des Moines Terminals
Dubuque Bridge
$
191,072 97
12,581 58
30,00000
135,706 83
$
203,526 15
14,088 78
30,00000
137,201 35
$
11,453 18
1,507 20
Year ending June 30, 1899
Year ending June 30, 1900
Year ending June 30, 1901
Approximate for year end-
ing June 30, 1902
$
288,649 y,
259,541 59
176,675 fit
$
86,970 13
93,569 52
55,788 20
375,619 50
353,111 11
232,463 86
1,494 52
Totals
125,719 ON
2,80000
128,519 68
370,361 38
384,816 28
14,454 90
§. General Balance Sheet, Revenue Accounts, June 30, 1901.
Current Accounts Receivable $1,941,672 23
Cash Deposited in London to Pay Inter-
est on 4 p. c. Debenture Stock and
on Sterling Loans , 304,860 89
Total $2,246,533 12
Current Account Payable $1,391,109 24
Dividend Payable July 15, 1901, on 4
p. c. Debenture Stock 436,43800
Dividend Payable July 31, 1901, on 5 p. c.
Preferred Stock "A" 284,31000
Balance Income Account, June 30, 1901.. 134,675 88
Total $2,246,533 12
9. General Balance Sheet, Capital Accounts, June 30, 1901.
Cost of Road, including Terminals.... $58,200,531 20
Cost of Rolling Stock Owned 5,702,48380
Cost of Trust Equipment 491,97800
Int. in Kan. Cy. and St. Jo. Elevators. 100,000 00
Int. in Chicago Union Transfer Ry 56,694 44
Entire Stock, DeK. & Gt. W. Ry. Co.. 111,753 63
Entire Stock, City Term. Ry. Co.,
Kan. Cy 197,137 10
Bonds and Stocks of Other Companies 256,754 07
Cash with London Finance Committee 190 79
Accounts Receivable 193,838 53
Total Assets $65,311,361 56
Debenture Stock and Scrip Outstanding. $21, 826, 589 00
Preferred Stock " A " Outstanding 11,304,500 00
Preferred Stock "B" Outstanding.. .. 7,468,09000
Common Stock 21,315,545 KX)
Equipment Lease Warrants 366,47581
Sterling Loan of 1901 48484
Sterling Loan of 1902 484,848 46
Gold Notes of 1903 1,124,24242
Gold Notes of 1904 808,33330
Advances from Earnings 612,25273
Total Liabilities $65,311,36156
1O. Capital Stock.— The permanent capital of the company is represented by four classes of
stock divided into shares of $100 each. The following statement shows the present authorized amount of
each class of the stock, the amount thereof outstanding, and the amount still issuable on June 30, 1901.
Authorized.
Outstanding.
Increase
in Year.
Still Issuable,
June 30, 1901.
June 30, 1900.
June 30, 1901.
4 p. c. Debenture Stock (see Sees. 11 & 12)
5 p. c. Preferred Stock A (see Sec. 13). . .
4 p. c. Preferred Stock B (see Sec. 14). . .
Common Stock (see Sees. 11 & 15)
Totals
$
30,000,000
15,000,000
10,000,000
30,000,000
$
16,681,033
11,303,900
7,468,090
21,308,145 •
$
81,826,589
11,304,500
7,468,090
21,315,545
$
5,145,556
600
$
8,173,411
3,695,500
2,531,910
8,684,455
7,400
85,000,000
56,761,168
61,914,724
5,153,556
23,085,276
The purposes for which the amounts outstanding on June 30, 1900, were issued are shown by a
statement in the Manual for 1901, on page 558. With the proceeds of $5,145,556 of 4 p. c. debenture
stock, and the $600 of preferred A stock, issued during the year ending June 30, 1901, the company
paid $886,496.67 of car trust liabilities, bearing 7 p. c. ; $70,000 of car trust liabilities, bearing 6 p. c. ;
$353,125.96 of car trust liabilities, bearing 5 p. c. ; $969,212.12 sterling loans, bearing 6 p. c. ; $550,000
notes, bearing 5 p. c. ; $627,093.70 for rolling stock purchased; $748,136.80 for real estate purchased and
additions and improvements to the permanent plant; $102,952 for additional terminals in Kansas City,
held by the City Terminal Railway Co., owned by the company. The $7,400 of common stock was issued in
exchange for stock and income bonds of the Chicago, St. Paul and Kansas City Ry. Co., in pursuance of
the plan of reorganization.
11. Additional Stock Issued and Authorized.— Between June 30, 1901, and Jan. 1, 1902, the
outstanding debenture stock was increased to $23,287,000, and the outstanding common stock to $23,376,895.
The additional debenture stock was issued on account of rolling stock purchased, for the retirement of
cai trusts and for capital expenditures. The additional common stock was issued mostly in part payment
of the purchase price of the Duluth Red Wing and Southern Ry. and of the Winona and Western Ry. (see
statement for Wisconsin, Minnesota and Pacific RR.). Additional debenture stock amounting to $3,437,000
was authorized on March 17, 1902, of which $2,700,000 is to pay for capital improvements, including equip-
ment purchased in 1902, and $737,000 to pay the cost of constructing a double track from South St. Paul
to Randolph, Minn.
526
POORS MANUAL OF RAILROADS— NORTHWESTERN GROUP.
12. Debenture Stock.— This issue partakes of both the nature of stock and bonds. As a stock
it participates in the management by voting- at stockholders' meetings in all respects the same as other stocks.
Like a bond it bears a fixed rate of interest ol 4 p. c. per annum, which is payable in gold on the 15th of
Jan. and July. Payments are made to European holders at the office of R. Benson & Co., London, Eng., and
to American holders by check. (.See bees. l(i and 17.)
paid semi-annually whenever earned. (See Sees. 16 and 17.)
14. Preferred Stock B.— This is an ordinary preferred stock, entitled to non-cumulative dividends
at not exceeding the rate of 4 p. c. per annum, in preference to common stock. It also participates in the
management, by voting at stockholders' meetings, the same as the other stocks of the company.
15. Common Stock. — Entitled to such dividends as The net earnings of the company will justify
in each year, after paying or providing for the interest on the 4 p. c. debenture stock, and the dividends
on the preferred stock A and preferred stock B. It also participates in the management by voting at
stockholders' meetings, the same as the other stocks of the company.
1O. Deed of Trust, Debenture Stock and Preferred Stock A.— The interest
rights of the 4 p. c. debenture stock, and the special dividend rights of the preferred stock A, are secured
by a deed of trust and contract between the company and the Manhattan Trust Co. <>i New Vork, as
trustee. The trust deed and contract defines the respective rights of each class of stock, and is a mortgage
security for the interest rights of the debenture stock and the dividend rights of the preferred stock A.
Among other things it provides for an annual meeting of the debenture and preferred A stockholders
collectively, to elect a finance committee, consisting of five of their own members. This committee has an
absolute veto power on the action of the directors involving the issue of new securities and the making
of expenditures of money, except for operating expenses, and further has authority to appoint an inde-
pendent auditor to make periodical examinations of the accounts of the company" " If at any time a
controversy should arise as to the amount of net earnings applicable to the payment of dividends on the
5 p. c. preferred stock" A, the decision of the committee is final and conclusive." Upon default of the
company to pay interest on the 4 p. c. debenture stock, or to appropriate surplus earnings for payment
of dividends an the 5 p. c. preferred stock A the committee has power, under an extraordinary resolution
of the debenture and preferred. A stockholders collectively, to appoint a receiver to enter into possession
and manage the property, under its direction, on behalf of the debenture and preferred A stockholders.
17. Authority Required for Issuing Additional Debenture Stock or Preferred
Stock A. — No additional debenture or preferred stock A can be issued until authorized (a) by a vote
of two-thirds in amount of all four classes of stock, collectively, at a meeting called for that "purpose,
and (b) by a vote of a majority in amount of the debenture and preferred A stockholders, attending
a separate meeting of those two classes of stock, collectively.
18. Priority as to Principal of Stock. — It is provided that in case of liquidation, the net
assets of the company shall be applicable to the payment in gold of the capital of the different classes
of stocks or securities in the same order of priority as the interest or dividends on such stocks or
securities are provided to be paid.
19. RAILROADS OWNED AND OPERATED BY THE CHICAGO GREAT WESTERN RY. Co.
DeKalb and Great Western Ry Syca-
more to DeKalb, 111., 5.81 miles. Gauge, 4 ft 8* la
Rail (steel), 60 Ibs. Chartered March 11, 1895; road
opened Sept. 1, 1895. Capital stock ($100 shares),
$100,000; due Chicago Gt. West. Ry. Co., $11.754—
total, representing cost, $111,754. The stock Is all
owned by the Chicago Great Western Ry. Co. John
L. Pratt. Pres., Sycamore. 111.; E. C. Lott Vlee-
Pres., DeKalb, 111.; R. C. Wight, Sec. & Treas., St.
Paul, Minn. Office, Chicago, 111.
City Terminal Ry.— In Kansas City, Mo., 5
miles. Rail (steel), 60 Ibs. Chartered May 2, 1899,
to acquire terminal property in Kansas City for the
Chicago Great Western Ry. Co. and to construct con-
nections with other railroads. Capital stock, $50,000;
due C. G. W. Ry. Co., $99,231— total, representing
cost of property, $149,231. The Chicago Great
Western Ry. Co. owns the entire capital stock.
Frank Hagerman, Pres.; Oscar Hoehland, Se(T. &
Treas., Kansas City, Mo. Office, Kansas City, Mo.
2O. Board of Directors, Chicago Great Western Ry. Co., elected September 13, 1901.
Tfrm expires Sept., 1902.
H. E. Fletcher.. .Minneapolis. Minn.
T. H. Wheeler New York, N.Y.
Ansel Oppenheim — St. Paul, Minn.
Tfrm expires Sf)>t.. 1903.
J. W. Lusk . .
Samnel C. Stickney..
R.C.Wight
.St. Paul, Minn.
Term expire? Sept., 1904.
A. B. Stickney St. Paul, Minn.
F. Weyerhaeuser "
W. A. Read New York, N. Y.
A. B. STICKNEY, President St. Paul, Minn.
An?el Oppenheim, Vice- President " "
And. Rev. Accts.—W. B. Bend St. Paul, Minn.
Treasurer— C. O. Kalman . . .
Sec. & And. Cap. Accts.—R. C. Wight.. St. Paul, Minn.
Gen. Manager— Samuel C. Stickney "
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
RAILROADS CONTROLLED BY THE CHICAGO GREAT WESTERN RY. Co., BUT OPERATED AS
INDEPENDENT ORGANIZATIONS.
MASON CITY AND FORT DODGE RB.— Mason City to Lehigh, la., 88.1 m. ; Carbon
June, to Coalville, la., 2.4 m. — total. 90.5 m.; total track, 101.07 miles. Ganpe, 4 ft. 8* in.
Rail (pteel), 5fi and 60 Ibs. O-panized May 23, 1881; road opened as above, Nov. 20, 1886.
An extension fiom Mason City 10 Manly Junction, about 12 miles, was put in operation Nov.
1. 1901. i>rd an extension from Hampton to Clarion, aboui 30 miles, is expected to be in
operation July 1, 1902. Both of the^e extensions bring this road into direct connection with
POOR'S MANUAL— CHICAGO GREAT WESTERN SYSTEM. 527
the Chicago Great Western Ry. An agreement has beeu made for the purchase from the
Chicago Great Western Ry. Co. of two of its branches (see page 522) for 41,886,000 in the
new 1st mige. 4 p. c. gold bonds referred to under the head of " Funded Debt." An extension
is under construction from Fort Dodge, la., to Omaha, Neb., and an extension is projected
from Clarion to Sioux City, la. This company is controlled by the Chicago Great Western
Ry. Co. through ownership of its stock. Locomotives, 5. Cars — passenger, 5; baggage,
etc., 2; freight (box, 37; stock, 5; flat, 11; coal, 155), 206; service, 1 — total, 216.
Operations, year ending June 30, 1901. — Trains run (passenger, 50,180; freight and
mixed, 61,404; other, 6,828), 118,412 miles. Passengers carried, 64,034; carried one mile,
1,381,416. Tons freight moved, 239,773; ton-miles, 7,721,459. Earnings (passenger, $39,618;
freight, $216,606; other, $6,620), $262,845. Operating expenses, $117,098. Net earnings,
$145,747; other receipts, $159— total, $145,906. Charges: Interest on bonds, $82,800; taxes,
$10,800— total, $93,600. Surplus, $52,306.
General Balance Sheet. June 30, 1900 (latest rendered).— Capital stock ($5,000,000
auth.; $100 shares) paid in, $920,000; funded debt, $1,380,000; current liabilities, $19,383;
interest accrued, $1,159,200 — total, $3,478,583. Contra: Cost of road and equipment, $2,472,380;
materials, etc., $15,036; bills receivable, $4,078; cash and current assets, $318,729; profit and
loss, $668,360— total, $3,478,583.
Funded Debt. — The funded debt as above consists of an issue of 1st 6s of July 1, 1926.
It is the intention of the company to cancel these bonds and to make a new mortgage secur-
ing an issue of 1st mtge. 4 p. c. gold bonds covering all the property of the company.
Directors. — James W. Coltf, Fort Dodge, la.; Myron T. Herrick, Cleveland, O. ; James
J. Hill, St. Paul, Minn.; Arthur S. Fairchild, H. A. Hutchins, New York, N. Y. OFFICERS:
JAMES W. COLT, Pres., Fort Dodge, la ; Arthur S. Fairchild, Vice-Pret., New York, N. Y.;
S. T. Meservey, Sec. & Treas.; J. L. Keough, And., Fort Dodge, la.; S. C. Stickney, Gen.
Mgr., St. Paul, Minn.; H. S. Pace, Asst. Sec., New York, N. Y. GENERAL OFFICE, Fort
Dodge, la.
WISCONSIN, MINNESOTA AND PACIFIC RR.— Red Wing to Mankato, Minn., 93.7
m.; branch in Faribault, Minn., 2 in.; Red Wing to Zumbrota, Minn., 28 m.; Winona, Minn.,
to Osage, la., 120.7 m.— total, 244.4 m.; total track (steel; 56 and 60 Ibs.), 275.28 miles.
Gauge, 4 ft. 8£ in. Reorganization, April 24, 1894, of the Wisconsin, Minnesota and Pacific
Ry. Co., whose property was sold under foreclosure on Nov. 16, 1893 (see MANUAL for 1894,
page 936). The line from Morton, Minn., to Watertown, S. D., was sold to the Minneapolis
and St. Louis RR. Co. on Feb. 20, 1899. The Faribault City Branch was opened in Dec.,
1899. The Duluth, Red Wing and Southern Ry., from Red Wing to Zumbrota, Minn., 28
miles, was purchased on July 1, 1901, and the Winona and Western Ry., from Winona,
Minn., to Osage, la., 122 miles, on Oct. 1, 1901. A line connecting the two roads named is
under construction and expected to be in operation in the fall of 1902. This company is
controlled, and its railroad operated, by the Chicago Great Western Ry. Co., but separate
accounts are kept of its operations. On June 30, 1901, the company owned no rolling stock,
but the following was acquired through the acquisition of the Duluth, Red Wing and Southern
Ry. and Winona and Western Ry. Locomotives, 10. Cars — passenger, 5; combination, 3;
freight (box, 208; flat, 98; coal, 10), 316; caboose, 4— total, 328.
Operations, ysar ending June 30, 1901 (95.7 miles). — Train mileage — passenger, 130,768;
freight, 48,944— total, 179,712 miles. Earnings— passenger, $52,826.18; freight, $174,155.25;
other, $6,011.14— total, $232,992.57. Operating expenses, $129,937.90. Net earnings,
$103,054.67; other receipts, $2,632.96— total, $105,687.63. Payments: Taxes, $7,068.77;
rentals, $947.16; interest on bonds, $60,000; dividends (1 p. c.), $20,000; other, $281.14—
total, $88,297.07. Surplus, $17,390.56.
General Balance Sheet, June 30, 1901.— Capital stock, $2,000,000; funded debt, $2,000,000;
current liabilities, $18,348.86; accrued interest, not due, $20,000; profit and loss, $17,390.56
— total, $4,055,739.42. Contra: Cost of road, $4,020,645.67; cash, $35,093.75 — total
$4,055,739.42.
Capital Stock.— The authorized issue is $5,205,000 in $100 shares. Since June 30, 1901,
the amount outstanding has been increased to $4,060,000, there having been issued, $560,000
on July 1, 1901, for the purchase of the Duluth, Red Wing and Southern Ry., and $1,500,000
on Oct. 1, 1901, for the purchase of the Winona and Western Ry. All the outstanding stock
is owned by the Chicago Great VVestern Ry. Co.
Funded Debt. — The funded debt consists of 1st mtge. 4 p. c. 50-yr. bonds, dated Oct. 1,
1900. Since June 30, 1901, the amount outstanding h*s been increased to $3,960,000, there
having been issued $460,000 bonds on July 1, 1901, for the purchase of the Duluth, Red
Wing and Southern Ry., and $1,500,000 on Oct. 1, 1901, for the purchase of the Winona
and Western Ry.
Directors (elected Sept. 15, 1901).— F. B. Kellogg, A. B. Stickney, R. C. Wight, C. A.
Severance, Kenneth Clark, St. Paul, Minn. OFFICERS: F. B. KELLOGG, Fret.; A. B. Stickney,
Vice-Pres.; C. O. Kalman, Treas.; G. F. Philles, Sec., St. Paul. Minn. GENERAL OFFICE
St. Paul, Minn.
528
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
GEEAT NORTHERN RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Burlington Joint Bonds 4
Burlington Purchase 4
Capital Expenditures, 1901 5
Capital Stock 13
Directors and Officers 21
Dividends on G. N. Ry. Stock. . . 7d
Dividends Received, Details... . 7b
Earnings and Expen.. G. N. Ry.. 7
Earnings and Expen., 1895-1901 . . 8
Earnings and Expenses, Whole
System 10
Earnings, etc., W. System, 7 yrs.. 9
Funded Debt (System) 14
Gen. Balance Sheet, Jnne 30, 1901. 12
History 2
Income Account, G. N. Ry 7
Income Acct., G. N. Ry., 1895-
1901 8
Income Account, Whole System.. 10
Increase of Capital Stock 3
Interest Received, Details 7a
Land Department 17
Leased Line?, Statements for — 18
Mileage of System 1
New Lines Acquired 3
Operations and Income, 1895-1901 8
Operations, Whole System 10
Operations, Whole System, 7 yrs. 9
Permanent Investments IS
Proprietary Lines, Statements for. 1 9
Rental of " Manitoba " Lines ?<•
Rolling Stock, Whole System f>
Spokane Falls and Northern Rds. 20
1. Mileage of Great Northern Railway System, June 30, 1901.
A. LEASED AND OPERATED LINES (total, 4,054.89 miles) :
St. Paul, Minneapolis and Manitoba Ry. (see statement in Sec. 18) .......... 3,802.98 miles.
Eastern Ry. of Minnesota : Fosston to Cass Lake, Minn .................... 59.77 "
Park Rapids and Leech Lake Ry.: Park Rapids to Cass Lake, Minn ........ 49.04 "
Seattle and Montana RR.: Seattle, Wash., to South Westminster, B. G.. . *. . 143.10
B. PROPRIETARY LINES, WHOSE STATISTICS ARE INCLUDED IN REPORT OF
GREAT NORTHERN RY. Co. (total, 1.189.54 miles) :
Eastern Ry. of Minnesota (see statement in Sec. 19) ....................... 397.54 ' '
Swan River Logging RR. (trackage) ....................... » .............. 18.78 "
Duluth Terminal Ry. (trackage) ......................................... 1.82 "
Montana Central Ry. (see statement in Sec. 19) ........................... 260.51 "
Wttlmar and Sioux Falls Ry. (see statement in Sec. 19) .................... 433.41 "
Leased Track : Sioux City, la., to South Sioux City, Neb .................. 3.32
Duluth, Watertown and Pacific Ry.: Watertown to Huron, S. D ........... 69.84 "
Minneapolis Union Ry.: University Switch to 1st St., Minneapolis .......... 2.63 "
Minneapolis Western Ry.: In Minneapolis, Minn .......................... 1.69 "
Total length of lines in system as operated, June 30, 1901 ............... 5,244.43 miles.
(7. PROPRIETARY LINES, WHOSE STATISTICS ARE NOT INCLUDED IN REPORT
OF GREAT NORTHERN RY. Co.
Spokane Falls and Northern Ry : Spokane, Wash., to Dominion Line. 130. 51 m.
Sedro Branch of Seattle and Montana RR. (leased) .............. 3.82 m.
Nelson and Fort Sheppard Ry.: Dominion Line to Nelson, B. C. . . 55.42 m.
Columbia and Red Mount. RR.: Northport, Wash., to Dom. Line. . 7.51 m.
Red Mountain Ry. : Dominion Line to Rossland, B. C ............. 9.59 m.— 206.85 ' '
Total length of Great Northern Railway System, June 30, 1900 .......... 5,451.28 miles.
The leased track between Sioux City, la., and South Sioux City, Neb., 3.3i5 miles, oper-
ated in connection with the Willmar and Sioux Falls Ry., was owned as follows: 1.57 miles
by the Union Terminal Co. of Sioux City; 0.6 mile by the Chicago, Milwaukee and St. Paul
Ry. Co. ; and 1.15 miles by the Combination Bridge Co.
Statement of track mileage, Great Northern Railway System, June 30, 1901:
Main
Track.
Second
Track.
Third
Track.
Tracks.
Side
Track.
Total
Track.
Lines Operated as Gt. Northern Ry
Miles.
4,054.89
Miles.
30.61
Miles.
9.28
Miles.
13.05
730.38
Miles.
4,838.21
Proprietary Lines
1,189.54
28.12
255.13
1,472.79
Total Operated June 30, 1901
5 244.43
58.73
9.28
13.05
985.51
6,311 00
Spokane Falls and Northern System
206.85
23.60
230.45
Grand Total ....
5,451 28
58.73
9.28
13.05
999.11
6,541.45
Gauge, 4 ft. 8* in. Rail, 56, 60, 68, 75, 77* and 80 Ibs.
2. History. — Chartered Sept. 18, 1889, as successor to the Minneapolis and St. Cloud Ry.
Co. (see MANUAL for 1891, page 224). The St. Paul, Minneapolis and Manitoba Ry. is
leased for 999 years from Feb. 1, 1890, this company guaranteeing dividends of 6 p. c. per
annum, payable in gold, on the $20,000,000 capital stock of the lessor, and guaranteeing the
payment of both the principal and the interest of the "Manitoba's" bonds. In Oct., 1898, and
subsequently, the company acquired about 97 £ per cent, of the capital stock of the "Mani-
toba" Company, by issuing its own stock in exchange therefor at the rate of $125 for $100.
The company having purchased the entire capital stock of the Seattle and Montana RR. Co.
began to operate the railroad thereof on Aug. 1, 1898. The 59.77-mile line leased from the
Eastern Ry. Co. of Minnesota has been operated since Sept. 25, 1898, and the Park Rapids
and Leech Lake Ry. since May 1, 1899. The rest of the Eastern Ry. of Minnesota (see
Railroad Map of North Dakota, South Dakota and Minnesota.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, ZND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
NORTH DAKOTA, SOUTH DAKOTA AND MINNESOTA.
Railroad Map of North Dakota, South Dakota and Minnesota.
H. W. POOR & CO.,
BANKERS,
NEW YORK. BOSTON.
Orders Executed for all Securities Dealt In at
the New York Stock Exchange.
RAILWAY INVESTMENT !
A SPECIALTY.
We are in correspondence with nearly every
Railroad Company in the Country through
our connection with
•TOOR'S MANUAL OF RAILROADS."
which gives us special advantages for in-
formation for the benefit of our customers.
Correspondence Invited. Interest allowed on Deposits, subject to Check at sight
18 WALL ST., 52 DEVONSHIRE ST.,
NEW YORK. BOSTON.
POOR'S MANUAL — GREAT NORTHERN RY. CO. 529
statement in Sec. 19) was taken over by the Great Northern Ry. Co. on May 1, 1902, under a
lease for 99 years, at a rental of 6 per cent, per annum on capital stock, the Great Northern
Ry. Co. assuming all obligations of the Eastern Ry. Co. of Minnesota. The other proprie-
tary railroads continue to be operated by their own organizations. For convenience the
statistics of all of them, except the roads embraced in the Spokane Falls and Northern
System, are included in this statement. The operations of the Spokane Falls and Northern
System are not included in the statement, Sec. 8, nor are the finances thereof included in the
General Balance Sheet, that system being operated and its finances kept separate and distinct
from those of the rest of the railroad system. But the revenue derived from the operation
of those roads and of other properties similarly operated is shown in the general statement
of revenue in Sec. 11.
3. Increase of Capital Stock.— Under date of Aug. 1, 1901, there was issued $35,000,000
of capital stock of the company (see Sec. 13) authorized on Feb. 27, 1901, " for the purpose
of acquiring the several bonds or stocks, or both, to an aggregate amount of not less than
$25,000,000 principal, of the following named companies : St. Paul, Minneapolis and Mani-
toba Ry. Co., Dakota and Great Northern Ry. Co., Montana and Great Northern Ry. Co.,
Kootenay Ry. and Navigation Co., Washington and Great Northern Ry. Co., Seattle and
Northern Ry. Co., and Great Northern Steamship Co." As the bonds of the St. Paul, Minne-
apolis and Manitoba Ry. Co. to be acquired in accordance with the terms of the resolution
above quoted, are to be be paid for by assignment of the equities of the stockholders therein,
which assignment was not completed until final payment was made for the new stock, Sept.
25, 1901, they are not included on the balance sheet, Sec. 12, in "Cost of Properties and
Securities owned by the Great Northern Ry. Co." For the same reason, the cost of the im-
provements covered by these bonds has not been transferred from "Cost of Additions, etc.,
to Property Leased from the St. Paul, Minneapolis and Manitoba Ry. Co., etc.," to "Cost of
Railway, Equipment and Lands owned by the St. Paul, Minneapolis and Manitoba Ry. Co."
These adjustments will appear in the accounts for the year ending June 30, 1902. Of the
securities of the Kootenay Ry. and Navigation Co., Limited, there bad been acquired June
30, 1901, substantially all of the £500,000 common stock and £219,717 10s. of the £480,000
debenture stock issued. The cost of same is included in the item "Cost of Properties and
Securities owned by the Great Northern Ry. Co." on*the balance sheet. The properties
owned by the Kootenay Co. and by the Seattle and Northern Ry. Co., as well as the several
lines of railway under construction on June 30, 1901, are described as follows :
NEW LINES.
DAKOTA AND GREAT NORTHERN RY.— This road extends from Lakota, N. D., northerly
abont 30 miles, and from Bottineau, N. p., northwest about 12 miles. It has been completed and put in opera-
tion since the close of the fiscal year ending June 30, 1901. The road is leased to the Great Northern" Ry. Co. and
the results from its operation will be included in the lessee's report for the year ending June 30, 1902.
MONTANA AND ORE AT NORTHERN RY.-The Montana and Great Northern Ry. Co. is
building from Jennings, Montana, northerly along the Kootenay River, about 51 miles, to the International
Boundary, where it will connect with a line being built by the Crrnv's Nest Southern Ry. Co. to the coal fields
of the Crow's Nest Pass Coal Company, at Fernie, B. C. The length of the lines from Jennings to Fernie,
including spurs, will be about 100 miles. This company has made no fuller report than is contained herein, Hs
line not being finished or in operation at the time this part of the MANUAL was sent to press.
GREAT FALLS AND CANADA RY.— Since the close of the fiscal year ending June 30, 1901, the
Montana, and Great Northern By. Co. has purchased the line of the Great Falls and Canada Ry., extending from
Great Falls, Mont., to Sweet Grass on the International Boundary, 134.37 miles. This line is now narrow-gauge,
and, until widened to standard-gauge during the fiscal year ending June 30, 1902, it will be operated by the Great
Falls and Canada Ry. Co. As a portion of a projected extension, the Montana and Great Northern Ry. Co. has
built 10.32 miles of line from Kalispell, Mont., south to Flathead Lake. The Great Falls and Canada Ry. Co.
made no return for the year ending June 30, 1901 ; for latest statement see MANUAL for 1901, page 603.
WASHING-TON AND GREAT NORTHERN RY.-The Washington and Great, Northern Ry.
Co. in the State of Washington, and the Vancouver, Victoria and Eastern Ry. and Navigation Co., in British
Columbia, are now building lines of railway that will form a through line from Marcus, Wash., on the Spokane
Falls and Northern Ry., to Republic. Wash., via Kettle River and Cascade, B. C., a total distance, including
branches, of about 108 miles. This line will afford transportation to several large, rich, and already developed
mining camps, and its opening for traffic will be followed by the development of many properties that have been
waiting for rail transportation. This company has made no fuller report than is contained herein, its line not
being finished or in operation at the time this part of the MANUAL was sent to press.
SEATTLE AND NORTHERN RY.— The line of the Seattle and Northern Ry. Co. extends from
Anacortes to Rockport, Wash., 57.4 miles, crossing this company's existing lines at Burlington, Wash. This line
runs through a heavily timbered country and will develop a large lumbe'r and coal traffic. The property was
purchased Feb. 1, 1902, by the Seattle and Montana RR. Co. and the results from its operation will appear in the
report of the Great Northern Ry. Co. for the year ending June 30, 1902.
KOOTENAY RY. AND NAVIGATION CO.— The properties owned by the Kaotenay Ry. and
34
530 POOR'S MANUAL OP RAILROADS — NORTHWESTERN GROUP.
Navigation Co.. Limited, are as follows : The Kootenai Valley Ry., in the State of Idaho, and the Bedlington and
Nelson Ry., in British Columbia, together fonning a line of standard gauge railway from Bonner'a Ferry, Idaho
to Knskonook, B. C., 41.25 miles, with trackage rights over 8.70 miles of track of another company • the Inter-
national Navigation and Trading Co., Limited, operating steamers on Kootenay and Duncan Lakes and the Dun-
Canada (see GENERAL INDEX), but no statements are published in the MANUAL for the Kootenay Ry. & Nar. Co.
and the International Nav. & Trading Co., as the returns of those companies are not available.
4. Purchase of Burlington Stock. — The Great Northern Ry. Co. and the Northern
Pacific Ry. Co. have jointly purchased 1,075,772 shares ($107,577,200) of the capital stud;
of the Chicago, Burlington and Quincy RR. Co. (being 96.79 p. c. of the total authorized
issue), and in payment for same have issued their joint collateral trust bonds and scrip to the
amount of $215,154,400. Further bouds of the same series, up to a total of $222,400,000,
may be issued for acquiring the residue of the stock. The bonds are dated and draw interest
from July 1, 1901 ; they mature July 1, 1921, but may be redeemed on any Jan. 1 or July 1
after Jan. 1, 1906, at 105 p. c. and accrued interest ; and draw interest at the rate of 4 p. c.
per annum, payable Jan. 1 and July 1 in each year on coupon bonds, and Jan. 1, April 1,
July 1, and Oct. 1 in each year on registered bonds. The shares of Chicago, Burlington and
Quincy RR. stock thus acquired have been deposited with tlie Standard Trust Co. of New
York, as trustee, under a collateral trust indenture securing the above bonds, and a contract
has been entered into between the Great Northern Ry. Co. and the Northern Pacific Ry. Co.
defining the rights and responsibilities of the companies growing out of the acquisition of the
stock. As this transaction was not completed until after the close of the fiscal year, neither
this company's interest in the Burlington stock acquired, nor its liability on the joint col-
lateral bonds issued, are taken up in the accounts shown in this statement.
5. Capital Expenditures. — Expenditures were made during the year ending June 30(
1901, on the capital accounts of the proprietary companies, for work completed or under con-
struction, as follows : Eastern Ry. Co. of Minnesota, $2,266,706.87 ; Montana Central Ry.
Co., $424,879.03 ; Willmar and Sioux Falls Ry. Co., $517,357.33; Duluth, Watertown and
Pacific Ry. Co., $1,776.60 ; Seattle and Montana RR. Co., $181,344.38; Duluth Terminal Ry.
Co. (credit), $3,000.69 ; Park Rapids and Leech Lake Ry. Co., $14,924.77; Minneapolis Union
Ry. Co. (credit), $2,331.12— total, $3,401,657.17. The entire balance of income account for
the year, amounting to $1,689,064.24, has been transferred to "Fund for Permanent Im-
provements and Renewals," and there has been charged against that fund $1,898,878.53, the
cost of improvements (other than those charged to operation) made during the year to the
property leased from the St. Paul, Minneapolis and Manitoba Ry. Co.
6. Rolling Stock (entire system), June 30, 1901. — Locomotives, 563. Cars — passenger,
163 ; sleeping, 50 ; parlor, 5 ; dining, 12 ; buffet smokers, 8 ; tourist, 24 ; combination, 35 ; bag-
gage, mail, and express, 110 ; freight (box, 14,582 ; combination box and stock, 750 ; transfer
freight, 50 ; furniture, 1,152 ; hay, 6 ; refrigerator, 209 ; stock, 627 ; flat and coal, 3,312 ;
sand, 600 ; ore, 1,701), 22,989 ; service, 1,522— total, 24,918.
7. General Income Account, G. N. By. (4,060.25 m.), year ending June 30, 1901.
Earnings— Passenger $3,943,926 90
Freight 15,367,999 88
Mail and Express 955,747 19
Miscellaneous 613,378 11
Total ($5,142.80 per mile) .$80,881,051 48
Net Traffic Earnings (12.01 p. c.) $8,772,094 80
Interest on Bonds Owned 395,54837
Dividends on Stocks Owned 3,126,503 75
Rentals 172,752 38
Bills Receivable (Land Notes) 2,014 57
Rental of Equipment and Car Service. . . . 100,741 01
Profit on Securities Sold 337,554 33
Other Income— Ground Rents, etc 112,104 72
Total $13,019,313
Expenses— Maint. of Way and Structures. $3,457,416 18
Maintenance of Equipment... 1,800,215 26
Conducting Transportation . . . 5,820,792 72
General 1,030,532 53
Total ($2,982.32 per mile) .$12,108,956 68 '
Taxes... $745,224 19
Rental St. P., M. & M. Ry. (net) 3,491,347 30
Other Rentals 196,309 09
Dividends on G. N. Ry. Stock 6,897,369 07
Balance 1,680,064 28
Total , , , $13,019,313 93
7a. Interest on Bonds Owned. — Town of Wadena, $300; town of Sandness, $120; town of Leaf
River, $120; town of Hutchinson, $330; town of Minnesota Falls, $120; Montana Central Ry. Co., $80,000;
Willmar and Sioux Falls Ry. Co., $1,060; Minnesota Transfer Ry. Co., $235.87; Butte, Anaconda and
Pacific Ry. Co., $50,000; Spokane Falls and Northern Ry. Co., $164,800; Nelson and Ft. Sheppard Ry. Co.,
$77,992.50; Columbia and Red Mountain Ry. Co., $17,460; Red Mountain Ry. Co., $13,020— total, $395.548.37.
Tb. Dividends on Stock* Owned.— Northern Steamship Co., $240,000; Great Northern Ry. Co.,
$2,850.76; St. Paul Union Depot Co., $2,626; Montana Central Ry. Co., $500,000; Minneapolis Union Ry.
POOR'S MANUAL — GREAT NORTHERN RY. CO,
531
Co., $25,000; Eastern Ry. Co. of Minnesota, $1,920,000; Willmar and Sioux Falls Ry. Co., $350,000; Red
iiuiintain Ky. Co., $88,120; Columbia and Red Mountain Ry. Co., $18,508; Butte, Anaconda and Pacific
Kv. Co., 829,400— total, P.126,503.75.
7c. Rental St. P., M. & M. Ry. Co.— Guaranteed interest on bonds, $3,466,805.66; guaranteed
dividends on stock, $1,200,000; maintenance of organization, $6,798.12— total, $4,663,003.80. Deduct amount
:n lived as dividends on stock acquired by exchange for stock of Great Northern Ry. Co., $1,172,256.50.
liahciK -c ;is per income account, $3,491,347.30.
7d. Dividend*! on Great Northern Ry. Stock.— Aug. 1, 1900, If p. c. on $98,413,500; Nov.
1, 1900, 1* p. c. on $98,417,250; Feb. 1, 1901, 1| p. c. on $98,621,750; May 1, 1901, 1} p. c. on $98,682,875.
A statement showing the rates and dates of all dividends paid by the company up to and including that of
May, 1898, is in the Manual for 1898, page 464. See also Manual for 1900, page 563, and Manual for 1901,
page 564.
8. Statement of operations, income, etc., of the Or. N. Ry. for seven years ending June 30:
1895
1896
1897
1898
1899
1900
1901
Miles of Road Worked.
Passenger Train Miles . .
Freight Train Miles. I
Mixed Train Miles., f
Passengers Carried. . . .
Passenger Mileage. .
Freight (tons^ Moved . .
Freight (ton) Miles
3,765.99
2,176,297
4,313,400
1,058,798
72,700,446
2,946,920
1,022,173,154
$
1,854,82-2
10,365,032
890,086
3,765.70
2,385,804
5,060,764
1,239,978
82,988,362
3,537,824
1,194,222,577
$
2,151,295
12,170,276
975,882
3,806.13
2.588,310
4,381,741
1,299,324
82,635,145
3,387,633
1,154,693,357
1
2,074,166
11,974,463
945,912
3,854.22
2,759,591
j 4,238,886
1 543,432
1,421,056
130,607,889
3,802,259
1,397,420,265
$
2,785,601
13,774,832
1,079,337
4,028.56
3,003,018
4,369,550
588,020
1,688,160
144,445,991
4,549,104
1,486,843,802
3,068,966
14,657,484
1,331,364
4,076.37
3,159,373
4,679,371
687,189
1,969,965
163,447,054
5,162,757
1,722,683,402
$
3,795,557
16,645,519
1,512,336
4,060.25
3,390,503
4,133,282
650,550
S',171,271
177,757,309
4,537,887
1,660,960,215
I
3,943,927
15,367,999
1,569,125
Passenger Earnings
Freight Earnings
Other Earnings
Gross Earnings
Operating Expenses
13,109,940
7,146,463
15,297,453
7,898,981
14,994,541
8,173,890
17,639,770
10,566,220
19,057,814
11,196,648
21,953,412
13,448,432
20,881,051
12,108,956
5,963,478
1,307,836
7,398,472
805,144
6,820,651
1,519,551
7,073,550
2,481,466
7,861,166
2,673,825
8,504,980
4,605,314
8,772,095
4,247,219
Other Receipts
Net Income
7.271,314
459,216
4,772,590
600,000
(5) 1,250,000
189,508
3,481 14
1,897 63
1,58351
54.51 p C.
2.55 c.
1.01 C.
8,203,616
528,053
4,783,016
600,000
(5) 1,250,000
1,042,547
4,062 31
2,097 61
1,96470
51.64 p. c.
2.59 c.
1.02 C.
8,340,202
502.206
4,780,729
600,000
(5) 1,850,000
1,207,267
3,939 58
2,147 56
1,792 02
54.51 p. C.
2.51 c.
1.04 c.
9,555,016
586,384
4,796,863
600,000
(6) 1,500,000
2,071,769
4,576 74
2,157 69
2,419 05
47.14 p. c.
2.13 c.
0.99 c.
10,534,991
758,941
4,056,613
81,211
(6f)3,851,034
1,787,192
4,730 67
2,332 51
2,398 16
49.31 p. c.
2.13 c.
0.98 c.
13,110,294
774,204
3,709,548
13,019,314
745,224
3,687,657
Payments : Taxes
Lease Rentals
Int. on Coll. Trusts...
Dividends
(7) 6,408,778
2,217,764
5,38553
2,857 55
2,527 98
53.06 p. c
2.32 c.
0.97 c.
(7) 6,897,369
1,689,064
5,14280
2,982 32
2,160 48
57.99 p. c.
2.22 c.
0.93 c.
Balance, Surplus
Gross Earnings p. Mile..
Gross Expenses p. Mile.
Net Earnings per Mile. . .
Expenses to Earnings
Earn. p. Pass. p. MUe —
Earn. p. Ton p. Mile. . . .
Operating expenses, 1899 and 1900, include the amounts transferred in those years to fund for improve-
ments and renewals and to fund for construction of Cascade Tunnel.
9. Statement of operations, earnings, etc., of tho entire system for 7 years ending June 30 :
1895
1896
1897
1898
1899
1900
1901
Miles Operated (aver.) . .
Passenger Train Miles..
Freight Train Miles
Mixed Train Miles
Total Rev. Train Miles
Passengers Carried
Passenger Mileage
Freight (tons) Moved. ..
Freight (ton) Miles
Passenger Earnings
Freight Earnings
4,374.48
2,649,585
4,633,790
700,601
4,374.19
2,971,338
5,680,711
653,468
4,414.76
3,205,238
5,442,659
452,901
4,466.00
3,351,746
5,541,497
585,687
4,786.36
3,757,818
5,809,762
610,202
5,075.86
4,010,799
6,092,623
927,924
5,202.31
4,284,900
5,627,697
881,061
7,983,976
1,312,480
85,519,922
6,071,065
1,344,957,131
$
2,292,343
13,234,561
1,003,521
9,305,517
1,528,369
99,178,028
7,521,159
1,622,877,423
$
2,648,854
15,833,090
1,130,620
9,100,798
1,498,310
97,543,773
7,471,894
1,657,823,725
$
2,527,109
15,841,331
1,067,620
9,478,930
1,715,664
149,041,326
8,089,593
1,937,955,894
$
3,311,380
18,056,047
1,210,117
10,177,782
2,024,293
169,882,867
10,002,810
2,158,212,794
$
3,^50,339
19,779,209
1,488,356
11,031,346
2,407,311
195,585,382
9.676,771
2,504,792,882
$
4,652,091
22,533,020
1,725,678
10,793,658
2,717,851
214,392.859
9,925,811
2,481,751,195
1
4,909,333
21,623,654
1,817,708
Other Earnings .......
Gross Earnings
16,530,425
9,186,916
19,612,564
10,230,708
19,436,060
10,701,871
22,577,544
10,854,705
25,017,904
12,164,002
28,910,789
14,877,578
28,350,690
"15,843,421
Operating Expenses
Net Earnings
7,343,509
3,778 83
2,100 11
1,678 72
55.58 p. c.
2.680 c.
0.984 c.
9,381,856
4,48370
2,33888
2,144 82
52.16 p. c.
9.671 C.
0.976 c.
8,734,189
4,402 52
2,424 11
1,978 41
55.06 p. C.
2.591 C.
0.956 C.
11,722,839
5,055 43
2,43052
2,624 91
48.08 p. c.
2.222 c.
0.932 c.
12,853,902
5,226 92
2,541 39
2,68553
48.62 p. c.
2.208 c.
0.916 C.
14,033,211
5,695 74
2,931 04
2,764 70
51.46 p. c.
2.378 c.
0.899 c.
12,507,269
5,449 64
3,045 46
2,404 18
55.88 p. c.
2.290 C.
0.871 c.
Gross Receipts per Mile.
Operating Exp. per Mile.
Net Earnings per Mile. .
Expenses to Earnings. . .
Av. Rate p. Pass. p. Mile.
Aver. Rate p. Ton p. Mile
532
POOR'S MANUAL OF RAILROADS— NORTHWESTERN GROUP.
1C. Operations, Great Northern Ry. System proper, year ending June 30, 1901 :
Great
Northern
Ry.
Eastern Ry
of
Minn.
Montana
Central
Ry.
Willmar &
Sioux Falls
Ry.
Dul., Wat.
& Pacific
Ry.
Total.
Miles of Road Operated (average).. .
Passenger Train Mileage
4,060.25
3,390,503
4,133,282
656,550
465.31
363,566
836,407
57,017
265.21
253,507
388,493
21,104
436.73
277,132
269,377
124,241
69.84
192
138
22,149
5,202.31
4,284,900
5,027,697
881,061
Freight Train Mileage
Mixed Train Mileage
Total Revenue Train Mileage . . .
Passengers Carried
8,180,335
2,171,271
177,757,309
4,537,887
1,660,960,215
$
3,943,926 90
15,367,99928
955,747 19
613,378 11
1,256,990
284,919
20,192,630
4,510,476
523,107,115
$
439,213 93
3,193,911 74
51,947 01
49,947 00
663,104
137,521
8,774,248
1,847,255
216,634,280
305,221 94
1,801,749 13
43,02317
46,556 08
670,750
186,289
7,568,685
639,263
79,768,269
$
217,405 04
1,210,19854
46,738 27
7,245 12
22,479
3,545
99,987
33,756
1,281,316
3,56493
49,795 26
3,058 82
6229
10,793,653
2,717,851
214.:jv
9,925.811
2,481,751,195
4,909,332 74
21,623,65395
1,100,514 46
717,18860
Passengers Carried One Mile
Tons Revenue Freight Moved. .
Tons Freight Moved One Mile
Earnings — Passenger
Freight
Mail and Express
Miscellaneous
Totals, Gross Earnings
20,881,051 48
3,457,416 18
1,800.215 26
5,820,792 72
1,030,53252
3,735,019 68
298,620 06
219,618 27
895,516 13
157,715 62
2,196,550 32
290,744 95
221,255 50
605,04533
63,165 C3
1,481,58697
330,309 57
111,01098
415,502 41
81,719 43
56,431 30
25,06649
2,21145
14,48254
2,48002
28,350,689 75
4,402,15725
2,354,311 40
7,751.339 13
1,335.013 22
Expenses — Maint. of Way, etc
Maint. of Equipment
Transportation . .
General
Totals, Operating Expenses
Net Traffic Earnings
12,108,956 68
8,772,094 80
4,247,219 13
1,571,470 08
2,163,549 60
403,957 63
1,180,211 41
1,016,338 91
28,279 77
938,542 39
543,04458
8,49030
44,24050
12,24080
20850
15,843,421 06
12,507,268 69
4,688, 155 33
Other Receipts
Totals, Net Income
13,019,313 93
745,224 19
3,687,656 39
2,567,507 23
122,787 37
83,972 20
435,00000
1,920,000 00
1,044,618 68
33,937 45
3,60000
560,00000
500,00000
551,534 88
62,132 82
12,449 30
5,56048
17,195,42402
969,642 31
3,773,228 59
1,177,30000
9,667,369 07
Payments — Taxes
Rentals (net)
Interest
182,30000
350,00000
Dividends
6,897,369 07
Totals
11,330,24965
* 1,689,00428
2,684,240 79
2,561,759 57
5,747 66
1,520,669 01
1,097,53745
dc/.52,918 77
150,60960
594,432 82
def. 42,897 94
376,014 63
5,560 4S
6,88882
36,53568
15.670,039 97
l.606.oo tor,
4,768,069 71
Surplus for Year
Surplus Forward
Total Surplus
2,684,240 79
5,14280
2,982 32
2,16048
57.99 p. c.
2.219 c.
0.925 c.
1,526,416 67
8,026 95
3,377 25
4,649 70
42.07 p. c.
2.175 c.
0.611 C.
97.690 83
8,28231
4,450 10
3,83221
53. 73 p. C.
3.478 C.
0.832 c.
333,116 69
3,392 46
2,149 02
1,24344
63.34 p. c.
2.872 c.
1.517C.
43,42450
80872
63346
17526
78. 34 p. c.
• 3.565 C.
3.886 c.
t4,684,889 48
5,449 64
3,045 46
2,404 18
55.88 p. C.
2.290 C.
0.871 C.
Gross Earnings per Mile
Operating Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Average Rate per Pass, per Mile
Average Rate per Ton per Mile
* Transferred to Fund for Permanent Improvements and Renewals, $1,689,064.28. t Total surplus,
as above, $4,684,889.48; add surplus of Minneapolis Western Ry. Co., $28,915.90; of the Minneapolis Union
Ry. Co., $305,994.09; and of Park Rapids and Leech Lake Ry. Co., $11,725.83— total, $5,031,525.30. Deduct
deficit of Seattle and Montana RR. Co., $4,978.28. Surplus, as per general balance sheet, $5,026,547.02.
11. Statement showing the revenues for the year ended June 30, 1901, of the Great
Northern Ry. and all proprietary companies :
COMPAKIES.
Gross
Earnings.
Operating
Expenses.
Taxes.
Income
from
Operation.
Miscellane-
ous Income
Received.
Total.
Great Northern Ry. System Proper. .
Spokane Falls & North'n Ry. System
Minneapolis Union Ry
8
28,350,689 75
855,90026
227,001 70
57,214 00
39,470 75
1,034,11050
$
15,843,421 06
547,107 62
54,30810
32,044 57
25,970 75
795,831 29
$
969,642 31
26,060 86
93717
1,15863
11,537,626 38
282,731 78
171,756 43
24,010 80
13,50000
238,27921
1,583,02733
27,061 90
9,673 38
1275
$
13,120,653 71
309,79368
181,429 81
24,02355
13,50000
238,279 21
Minneapolis Western Ry ....
Duluth Terminal Ry
Northern Steamship Co. *
Total for System
30,564,386 96
17,298,683 39
997,798 97
12,267,904 60
1,619,775 36
13,887,679 96
* For year ended December 31, 1900.
EXPLANATORY NOTE.
DIVIDENDS.— Out of the net income of the companies named the following1 dividends have been
declared: Eastern Ry. Co. of Minn., $1,920,000; Montana Central Ry. Co., $500,000; Willmar and Sioux Falls
Ry. Co., $350,000; Columbia and Red Mountain Ry. Co., $18,508; Red Mountain Ry. Co., $38,120; Min-
peapolis Union Ry. Co., $25,000; Northern Steamship Co., $240,000— total, $3,091,628.
POOR'S MANUAL — GREAT NORTHERN RY. CO.
633
Tliis amount is not included in the " Miscellaneous Income " of the Great Northern Railway aa given
by the above table, but is added to the " Miscellaneous Income " in the General Income Account (Sec. 7).
DULUTH TERMINAL RY. Co. — This company is the owner of the railway used by the Eastern Ry. of Minn,
to secure entrance into Duluth, and of extensive yards in Duluth. Its stock and bonds are all owned
by the Eastern Railway. Under the franchise of the Duluth Terminal Ry., its earnings derived from track-
age are limited to 6 p. c. on its stock and bonds; the interest and dividend paid, amounting to $13,500, are
not included in the " Miscellaneous Income " of the Eastern Railway as above shown.
12. Condensed General Balance Sheet, June 30, 1901.
(Being a consolidation of the general balance sheets of the St. Paul, Minneapolis and Manitoba Ry.
Co., Great Northern Ry. Co., Eastern Ry. Co. of Minnesota, Montana Central Ry. Co., Willmar and Sioux
Falls Ry. Co., Duluth, Watertown and Pacific Ry. Co., Seattle and Montana RR. Co., Park Rapids and
Leech Lake Ry. Co., Minneapolis Union Ry. Co., Minneapolis Western Ry. Co., and Duluth Terminal
Ry. Co. It shows the financial condition of the railway system. The finances of the Spokane Palls and
Northern System and of the Northern Steamship Co. are omitted, as they are kept separate and distinct
from those of the railway system.)
Railway Property.
Cost of St. P.,M. &M. Ry $116,497,25153
Cost of Additions and Improvements
made by G. N. Ry. Co., and paid for
from Fund for Permanent Improve-
ments and Renewals 7,593,32106
Total Cost, St. P., M. & M. Ry $124,090,572 59
Cost of Eastern Ry. of Minnesota 25,377,884 89
Cost of Montana Central Ry 15,344,999 01
Cost of Willmar and Sioux Falls Ry 9,016,935 61
Cost of Duluth, Watertown & Pacific Ry. 2,209,598 02
Cost of Seattle & Montana RR 12,983,817 72
Cost of Minneapolis Union Ry 3,154,722 27
Cost of Minneapolis Western Ry 743,497 26
Cost of Park Rapids & Leech Lake Ry. . . 1,015,060 19
Cost of Duluth Terminal Ry 389,965 83
Total Cost " G. N. Ry. Line " $194,327,053 39
Other Properties, Securities & Investments.
Cost of Securities owned
by E. Ry. of Minn, in
addition to those of P.R.
& L. L. Ry. and Duluth
Terminal Ry $1,649,700 00
Cost of Stock of S. C. &
W. Ry. Co. owned by
W. &S. F. Ry. Co 2,500,00000
Wis. Cen. Ry. Co. Minnea-
polis Terminal Bonds
owned by Minneapolis
Union Ry. Co 247,50000
Cost of Properties and
Securities owned by
Great Northern Ry. Co. 106,885,667 21
Total $111,282,867 21
Less Par Value of Securi-
ties owned by G. N. Ry.
Co. and not shown con-
tra 77,445,85455— 33,837,01266
Total Capital Assets $228,164,066 05
Current Assets.
St. P., M. & M. Land Department $29,020 40
G. N. Ry. and Proprietary Companies. . . . 10,133,176 17
Val ue of Material and Fuel on Hand 1 ,979,925 76
Capital Stock.
Authorized Capital Stock, G. N. Ry. Co. .$100,000,000 00
Less Amount held in Treasury as ex-
plained in Sec. 13 1,288,25000
G. N. Ry. Stock Issued & Outstanding. . $98,711,750 00
St. P., M. & M. Stock Outstanding 454,600 00
Net Paid Subscriptions to Additional
Capital Stock 8,358,70800
Funded Debt in Hands of Public.
St. P., M. & M. Ry. Co. Bonds 70,037,454 54
Bonds of Proprietary Companies 86,646,000 00
Car Trust Notes, Eastern Ry. of Minn. . . 146,868 70
Bonds Redeemed Through Sinking; Funds.
St. P., M. & M. 1st M. Land Grant Bonds. 5,928,400 00
St. P., M. & M. Consol. Mtge. Bonds .... 2,389,000 00
Current Liabilities.
St. P., M. <& M. Land Dept.:
Sundry Current Dues 18,84741
Sink. Fd . Applicable to Redemp . of Bds. 15,672 99
G. N. Ry. & Prop'y Cos. : Current Dues. . 4,275,1% 67
Deferred Liabilities.
Accrued Taxes, not due 493,431 50
Bond Interest Accrued, not due 125,691 66
Rental of St. P., M. & M. Ry. Accrued, not
due, Less Accrued Dividends on St. P.,
M. & M. Ry. Stock owned by G. N.
Ry. Co 205,052 67
Bills Payable 6,000,00000
Contingent Liabilities.
Cost of Additions and Im-
provements made by G. N.
Ry. Co. to Property leased
fromSt.P.,M. &M.Ry.Co.,
and paid for from Fund for
Permanent Improvements
and Renewals $7,593,321 08
Unexpended Balance of Fund
for Permanent Improve-
ments and Renewals 1,005,74988
Total Amount Deducted
from Income to provide
for future Improvem'ts & Renewals.
Fund for Replacement of Equipment ...
Insurance Fund
Surplus Funds of Proprietary Cos. in
Hands of G. N. Ry. Co
Profit and Loss.
St. P.,M. &M. Ry. Co $1,974,03991
G. No. & Proprietary Cos. . 5,026,547 02—
8,599,070 94
332,972 07
328,436 77
249,947 53
7,000,586 93
Total Assets $240,306,188 38 Total Liabilities $240,306,188 38
Bonds outstanding, $96,683,454.54; outstanding capital stock of Great Northern Ry. Co. and St. P.,
M. & M. Ry. Co., $99,1(36,350— total capitalization of system, $195,849,804.54. Mileage of track in system,
including second, third, fourth, fifth and sixth tracks, covered by above capitalization, 5,529.02. Stocks
and bonds per mile of main track, $35,422.15. Mileage of main tracks covered by bonds in hands of
public, 4,740.40. Bonded debt outstanding per mile of main track covered thereby, $20,395.68.
13. Capital Stock.— The authorized share capital of the Great Northern Ry. Co. on June 30,
1901, consisted of 1,250,000 shares of $100 each, a total par value of $125,000,000. Of this amount there
was outstanding- $98,711,750, while the remainder was held in the treasury of the company— $568,250 of it
to be exchanged for $454,600 outstanding stock of the St. Paul, Minneapolis and Manitoba Ry. Co., $720,000
of it to be issued only to the Great Northern Employees' Investment Co., Ltd., and $25,000,000 of it to
be used for tho purpose of acquiring securities to an aggregate amount of not less than $85.,000,000
principal of the following companies: St. Paul, Minneapolis and Manitoba Ry. Co., Dakota and Great
Northern Ry. Co., Montana and Great Northern Ry. Co., Kootenay Ry. and Navigation Co., Ltd., Wash-
534
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
ington and Great Northern Ry. Co., Seattle and Northern By. Co., and Great Northern Steamship Co.
The $25,000,000 lot was authorized in April, 1901, and was sold to the stockholders of the company;
but the average date of payment therefor being Aug. 1, 1901, the stock was issued as of that date, and
the net cash payments received prior to July 1, 1901, on account of same, $8,358,708, are taken up <.n
the balance sheet (Sec. 12) as " Net Paid Subscriptions to Additional Capital Stock." The share capital
originally authorized was in amount $40,000,000, to consist of $20,000,000 of 6 p. c. non-cumulative pre-
ferred stock and $20,000,000 of common stock. The common stock was never issued, and by resolution of
i the stockholders on Oct. 19, 1898, the right to issue stock of that class was surrendered, ft being pro-
vided that the capital stock should consist of only one class, with uniform rights and qualities.
14. Funded Debt.— In addition to its obligation on account of the $215,154,400 of joint bonds
referred to in Sec. 3, the Great Northern Ry. Co. is responsible under guaranty, both as to principal and
interest, for $96,683,454.54 of bonds outstanding in the hands of the public, as follows:
St. P., M. & M. Ry. Co. ($70,037,454.54):
2d (now 1st) gold 6s of Oct. 1, 1909. $7,860,000 00
Dak. Ext. 1st gold 6s of Nov. 1, 1910. 5,625,000 00
Consol. gold 6s of July 1, 1933 13,344,00000
Consol. gold 4£s of July 1, 1933 20,756,00000
Mont. Ext. gold 4s of June 1, 1937.. 7,907,000 00
Pac. Ext. sterling 4s of July 1, 1940. 14,545,454 54
Eastern Ry. Co. of Minn. ($9,700,000):
1st Div. gold 5s of April 1, 1908 4,700,000 00
No. Div. gold 4s of April 1, 1948 5,000,00000
Mont. Central Ry. Co. ($10,000,000):
1st gold 6s of July 1, 1937 $6,000,00000
1st gold 5s of July 1, 1937 4,000,00000
Minn. Union Ry. Co. ($2,800,000):
1st gold 6s of July 1, 1922 2,150,000 00
1st gold 5s of July 1, 1922 650,000 00
Minneapolis Western Ry. Co.:
1st gold 5s of July 1, 1911 500,000 00
Willmar & Sioux Falls Ry. Co.:
1st gold 5s of June 1, 1938 3,646,000 00
Bonds of the St. Paul, Minneapolis and Manitoba Ry. Co., Guaranteed by the Great Northern Ry. Co.
SECOND (NOW FIRST) MORTGAGE GOLD BONDS. — Secured on the following lines: St. Paul to St. Vincent,
Minn., 390.08 m. ; St. Cloud to Sauk Rapids, Minn., 2.13 m. ; Minneapolis Junction to Breckenridge, Minn.,
205.18 m. ; Crookston to Red River, Minn., 23.54 m. ; State Fair Ground Spur, St. Paul, 0.64 m. ; a total of
621.57 m. of main track, together with 27.88 m. of 2d track, 18.58 m. of 3d and 4th track, 2.32 m. of 5th
track, and 0.72 m. of 6th track. Also secured on the terminals at St. Paul and at Minneapolis. Principal
and interest are guaranteed by the Great Northern Ry. Co.
DAKOTA EXTENSION FIRST MORTGAGE GOLD BONDS.— Secured on all lines owned by the company in North
Dakota and South Dakota, including the initial 0.61 mile of the line from Breckenridge, Minn., to Portland,
N. D., and the initial 22.79 miles of the line from Barnesville, Minn., to Neche, N. D. ; and also secured on
the branch from Morris to Browns Valley, Minn. Total length of lines covered by the mortgage, 1,283.92
miles. The authorized issue is $6,000,000, at the rate of $12,000 per mile of single track. Principal and
interest are guaranteed by the Great Northern Ry. Co.
CONSOLIDATED MORTGAGE GOLD BONDS.- — Secured by first mortgage on the land grant (see Sec. 17) and on
656.66 m. of railroad in Minnesota not covered by the first (2d) and Dakota Extension mtges., and secured by
second mortgage on the lines covered by those mortgages. The authorized issue is $50,000,000, of which a
sufficient amount is reserved for the retirement of prior liens. The mortgage provides that the net proceeds
of the sale of granted lands, and all money accruing to the company from any disposition made of the lands.
together with the proceeds of sale of any other lands, machinery, equipment, and other property not needed
by the company or unfit for use, shall be pledged to the payment of interest on the consol. mtge. bonds and
to the purchase of those bonds at the lowest price for which they can be obtained; but there is no provision
for the compulsory retirement of the bonds before maturity. Principal and interest are guaranteed by the
Great Northern Ry. Co.
MONTANA EXTENSION GOLD BONDS. — These bonds were issued on the line from the Dakota Boundary to
Great Falls, Mont. By the terms of the mortgage, however, these bonds are a lien upon all of the St.
P., M. & M. Ry. in the State of Montana. Therefore, to secure the holders of the Pacific Extension bonds
(see next paragraph), $11,502,000 of Montana Extension bonds were issued and deposited with the trustees
of the Pacific Extension bonds. The authorized issue is $25,000,000. Bonds amounting to $2,278,000 have
been sold since June 30, 1901, making the total now outstanding in the hands of the public, $10,185,000.
Principal and interest are guaranteed by the Great Northern Ry. Co.
PACIFIC EXTENSION STERLING BONDS. — £6,000,000 sterling of these bonds were authorized to cover the line
from Pacific June., Mont., to a connection with the Seattle and Montana Ry. Line at Everett. Wash.; of these
£3,000,000 sterling were sold and are now outstanding. The remaining £3,000,000 sterling are owned by-
the Great Northern Ry. Co. and are carried among its treasury assets. They are additionally secured by
deposit with the trustee of the Pacific Extension mortgage of $11,502,000 Montana Extension bonds. Prin-
cipal and interest guaranteed by the Great Northern Ry. Co.
Under date of March 18, 1901, it was announced that the St. Paul, Minneapolis and Manitoba Ry. Co.
had agreed to issue its bonds to the amount of $5,000,000 for the purpose of acquiring title, to that extent, to
the additions and improvements made to its property since the date of the lease thereof to the Great Northern
Ry. Co. (See General Balance Sheet— Cost of St. P., M. & M. Ry.)
Bonds of Proprietary Railway Companies, Guaranteed by the Great Northern Ry Co.
EASTERN RY. Co. OF MINN. 1ST DIVISION GOLD BONDS. — Secured on the so-called first division of the
Eastern Ry. of Minnesota, from Hinckley to Duluth. Minn., 72.39 miles, and on docks, elevators, and
terminal properties in Duluth and West Superior. Authorized issue, $5,000,000. Principal and interest are
guaranteed by the St. P., M. & M. Ry. Co.
EASTERN RY. Co. OF MINN. NORTHERN DIVISION GOLD BONDS. — Secured by first mortgage on the line from
St. Louis River Bridge to Brace Junction, 2.51 miles, on the line from Cloquet to Fosston, Minn., 184.85
miles, and on the line from Nemadji Junction to Cloquet, Minn., 27.53 miles, and by second mortgage on
the property covered by the 1st Division mortgage. The authorized amount is $15,000,000; bonds for
$5,000,000 are reserved for the retirement of the 1st Division bonds, and the remaining $5,000,000 for the
following purposes: (1) For the construction or acquisition of branches at actual cost, but not exceeding
$20,000 per mile; (2) for the construction or acquisition of terminals and other additions and improvements,
but not more than $200,000 to be issued in any one year for this purpose; and (3) for the acquisition of
bonds or stock in any terminal or transfer railway company, »t or near the head of Lake Superior, as
more particulnrly specified in tho mortgage. The bonds may be redeemed as a whole or in part, at 105 p. c.
and accrued interest, on anv interest dav after April 1, 1928, on three months' notice. Principal and
interest are guaranteed, jointly and severally, by the St. P., M. * M. Ry. Co. and the Great Northern
Ry. Co.
MONTANA CENTRAL RY. Co. IST MORTGAGE GOLD BONDS. — Both series are secured by the same mortgage,
covering the entire property of the Montana Central Ry. Co. (see statement therefor, in Sec. 19). The
POOR'S MANUAL — GREAT NORTHERN SYSTEM.
535
amount authorized is $10,000,000. Principal and interest are guaranteed by the Great Northern Ry. Co.
MINNEAPOLIS UNION RY. Co. 1st MORTGAGE GOLD BONDS.— Both classes of bonds are secured by the same
mortgage dated March 1, 1882, and covering the property of the Minneapolis Union Ry. Co. (see statement
therefor in Sec. 19). The amount authorized is $3,000,000. Principal and interest are guaranteed by the
Great Northern Ry. Co.
MINNEAPOLIS WESTERN RY. Co. IST MORTGAGE GOLD BONDS. — Secured on the property of th« Minneapolis
Western Ry. Co. (see statement therefor, in Sec. 19). Authorized issue, $500,000. Principal and interest
are guaranteed by the Great Northern Ry. Co.
WILLMAB AND Sioux FALLS RY. Co. IST MORTGAGE GOLD BONDS.— Secured on the property of the Willmar
and Sioux Falls Ry. Co. (see statement therefor in Sec. 19). Authorized issue, $3,646,080. Principal
and interest ere guaranteed by the Great Northern Ry. Co.
15. Other Properties, Securities, and Investments.— The following are the " securities
owned by the Great Northern Ry. Co. and not shown contra," the par value of which is deducted on
the general balance sheet from the assets item "Other Properties, Securities and Investments": Entire
capital stock, Eastern Ry. Co. of Minn., $16,000,000; entire capital stock, Montana Central Ry. Co.,
$5,000,000; entire capital stock, Willmar and Sioux Falls Ry. Co., $^000,000; entire capital stock, Seattle
and Montana RR. Co., $12,500,000; entire capital stock, Minneapolis Union Ry. Co., $500,000; entire capital
stock, Minneapolis Western Ry. Co., $250,000; entire capital stock, Duluth, Watertown and Pacific Ry. Co.,
$730,000; entire issue of bonds, Duluth, Watertown and Pacific Ry. Co., $1,375,000; 195,454 shares of capital
stock, St. Paul, Minneapolis and Manitoba Ry. Co., $19,545,400; £3,000,000 Pacific Extension mtge. bonds,
St. Paul, Minneapolis and Manitoba Ry. Co., $14,545,454.56— total, $77,445,854.55.
16. Statement of Stocks and Bonds Owned by the Great Northern Ry. Co., June 30, 1901.
Railway Stocks : Par. Valuation.
Eastern Ry. of Minnesota. . . $5,000,000 $5,000,000 00
Montana Central Ry. Co 5,000,000 5,000,000 00
Will. & Sioux Falls Ry. Co.. 1,500,000 1,500,00000
Dul.,Watert'n&Pac.Ry. Co. 730,000 730,00000
Minneapolis Union Ry. Co ... 500,000 500,000 00
St. Paul Union Depot Co 43,750 43,750 00
Minnesota Transfer Ry. Co. . 7,000 7,000 00
L. Sup., Ter. & Tr. Ry. Co. . . 15,700 15,700 00
*$12,796,450 $12,796,45000
Other Railway Stocks Owned :
Minneapolis West. Ry. Co ... $250,000 $250,000 00
Great Northern Ry. Co 4,075 4,891 07
Seattle <fe Montana RR 12,499,550 9,999,64000
St. Paul, Minn. & Man. Co. . . 19,545,400 24,431,750 00
Eastern Ry. of Minn 11,000,000 11,000,00000
Wil. & Sioux Falls Ry. Co. . . 5,500,000 5,500,000 00
Butte, Anac. & P. Ry. Co .... 490,000 490,000 00
Total Other Ry . Stocks . . . $49,289,025 $51 ,676,281 07
Other Stocks :
Northern Steam ship Co $1 ,500,000 $1 ,500,000 00
Climax Coal Co 149,000 149,00000
Fort Benton Bridge Co 5,800 5,800 00
Total *$1,654,800 $1,654,80000
Spokane Falls & No. System :
Stock 4,671,5001 ft „„,, fto1 «.
Bonds 4,381,000 [ 6,,30,69157
(a) Hailway Bonds : Par.
Dnl., Watertown <fc Pac. Ry.. $1,375,000
Minnesota Tr. Ry 109,000
Valuation.
$1,375,000 00
109,000 00
'$1,484,000 $1,484,00000
Other Hallway Bonds Owned ;
Minnesota Transfer Ry $13,000
Butte, Anaconda & Pac. Ry. . . 1,000,000
St. P.,M. &M. Ry.,Pacific Ext. £3,000,000
W. & S. F. Ry. 1st Mtge.. $21,000
Mont. Cent. Ry. 1st Mtge 1,300,000
$13,000 00
900,000 00
15,000,000 00
21,000 00
1,30000
$17,234,000 00
Other Bonds :
Town of Hutchinson
Town of Minnesota Falls
Town of Sandness
Town of Wadena
Town of Leaf River
Town of Straight River.
$5,000
2,000
2,000
*$9,000
$4,000
2,000
1,000
$5,00000
2,00000
2,00000
$9,000 00
$3,600 00
1,80000
90000
Totals.
$7,000 $6,300 00
Grand Total Stocks and Bonds $91,591,522 64
* These were acquired from the St. Paul, Minn. & Man. Ry. Co., as subscription toward the capital
stock of this company, the same being for the benefit of the St. P., M. & M. stockholders.
17. Land Department.— Report of the Minneapolis and St. Cloud Land Grant for year ending
June 30, 1901: Total grant, Hinckley Branch, 425,664 acres; total grant, Willmar Branch, 51,200 — aggregate,
476,864 acres. Total acreage selected to June 30, 1901, 169,501.38; total acreage deeded to company, 154,-
672.82 acres. Total acreage sold prior to June 30, 1901, including adjustments on account of previous
years, 121,483.84 acres; value of same, $794,873.88; average price per acre, $6.54. Remaining unsold, June
30, 1901, 355,380.16 acres. During the past fiscal year, 36,021.775 acres were sold for $366,207.24, being an
average of $10.17 per acre. Receipts of Land Department during the fiscal year amounted to $116,551.19.
Disbursements during the same period were $23,721.51. Amount of deferred payments due the company,
and bearing 6 and 7 p. c. interest, $487,372.69. The report of operation of the St. P., M. & M. Ry. Land
Department will be found in the statement for that road appended hereto.
18. RAILROADS LEASED AND OPERATED BY THE GREAT NORTHERN RY. Co.
Park Rapids and Leech Lake Ry.— Park
Rapids to Cass Lake, Minn., 49.04 m.; total track
(steel, 49.04 m.), 56.00 miles. Chartered Oct. 5.1897;
road opened May 1, 1699. Leased to the Great North-
ern Ry. Co., from date of opening, the lease to run
from year to year until cancelled on 60 days' notice
by either party; rental, $61,000 a year. Receipts,
year ending June 30. 1901, $61,844. Payments:
Interest on bonds, $25.000; dividends (7 p. c.),
$35,000; interest and exchange, $1,285 — total, $61,285
Surplus, $559. Balance Sheet. June 30, 1901. —
Capital stock ($100 shares). $500,000; funded debt
(1st 5s of May 1, 1929), $500,000; Interest accrued,
not due, $4,167; current liabilities, $1,285; advances
for construction, $14,448; profit and loss, $7559 —
total, $1,027,459. Contra: Cost of road and equip-
ment, $1,015,060; current assets, $12,399 — total,
$1,027,459. The capital stock and the 1st mtge.
bonds are all owned by the Eastern Ry. Co. of Minn.
Louis W. Hill, Pres.; M. D. Grover, 1st Vlce-Pres. ;
E. Sawyer, Sec. & Treas. ; J. G. Drew, Compt., St.
Paul, Minn. Office, St. Paul, Minn.
St. Paul, Minneapolis and Manitoba
Ry.— Organized May 23, 1879, and purchased at fore-
closure sale the several lines of the St. Paul and
Pacific RR. (1st Div.) Co. and their northern exten-
sions. (See Manual for 1898, page 466.) The length
536
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
of lines owned on June 80, 1001, was 3,802.98 miles,
as follows:
Miles.
St. Paul to St. Vincent via Barnesvllle, Minn..39u.o7
State Fair Ground Spur, Minn 0.64
Elk River to Mllaca, Minn 31.80
Osseo June, to St. Oloud, Minn., inc. No. " Y " 63.33
Willmar June, to Hinckley. Minn 122.08
East St. Cloud to Sauk Rapids, Minn 2.13
North St. Cloud Branch, Minn 2.53
Sauk Centre to Park Rapids, Minn 90.96
Byansvllle to Yarmouth, Minn 32.03
Fergus Falls to Pelican Rapids, Minn 21.65
Shirley to St. Hilaire, Minn 21.50
Red Lake Falls to Thief River Falls, Minn 17.72
Minn. June, to Larlmore, N. D., via Portland. .340.24
Spring Park June, to Hiitchinson, Minn 43.01
Hutchinson June, to Hopkins, Minn 3.44
Benson, Minn., to Watertown, So. Dak 91.62
Morris to Brown's Valley, Minn. 46.68
Yarmouth, Minn., to Ellendale, N. D 1O4.32
Rutland June., N. D., to Aberdeen, So. Dak... 64.00
Wahpeton, N. D., to Moorhead, Minn 42.91
Moorhead June, to Carman, Minn 66.59
Addlson West Line, N. D 11.78
Casselton Jc. via Mayv. to Portland Jc., N. D.. 47.03
Rlpon to Aneta, N. D 57.57
Barnesvllle Jc., Minn., tt> Gd. Forks Jc., N. D.. 98.14
Alton, N. D., to Halstad, Minn 8.50
Grand Forks, N. D., to Boundary Line 80.94
Grafton to Walhalla, N. D 47.84
Carman to Fosston, Minn 46.08
Crookston Je., Minn.. to So. Side Sun Riv., Mont. 784. 31
Park River to Hannah, N. D 94.94
Rugby June, to Bottineau, N. D 38.66
Churches Ferry to St. Johns, N. D 55.21
Johnstown Jc., Mont., to Jc. Sand Coulee Br. . 3.10
West Side Branch from Great Falls, Mont 5.04
Great Falls, Mont., to Montana Smelter 5.33
Pacific June., Mont., to Everett, Wash 818.31
Total length of lines, 8,802.98 m. ; 2d track, 30.61
m. ; 3d track, 9.28 m. ; other main tracks, 13.05 m. ;
sidings, 669:33 m.; total track (steel, 8,769.52 m.ft
4,525.25 miles.
An extension of the Lake Minnetonka Line from
Spring Park to St. Bonifacius, Minn., 8.22 miles,
was completed and opened for traffic Aug. 1, 1900;
a line through Everett, Wash., 3.63 miles, was com-
pleted and opened for traffic Oct. 7, 1900; a line
through Cascade Tunnel, including approaches 3.52
miles, was completed and opened for traffic Dec. 20.
1900; a line through Spokane, Wash., 4.74 miles
of main track and 1.19 miles of 2d track, was com-
pleted and opened for traffic June 14, 1901. The
completion of these lines permitted the abandon-
ment and removal of the line from Hopkins to St.
Bonifacius, Minn., 19.66 miles, and of the Switch-
back over Cascade Mountains, 12.66 miles. It also
permitted the surrender of trackage rights over 4.8
miles of track In Spokane, Wash., and 5.25 miles
between Lowell and Everett, Wash., belonging to
other companies.
The property is leased to the Great Northern Ry.
Co., for 999 years, from Feb. 1, 1890, the lessee
assuming this company's funded debt and guarantee-
ing dividends of 6 p. c. gold per annum (payable Feb..
May, Aug. and Nov.) on the $20,000,000 of capital
stock. The Great Northern Ry. Co. having acquired
substantially all of the capital stock of this com-
pany, which publishes no report this year, the gen-
eral balance sheet. Sec. 12. includes the property,
assets, capital and liabilities of this company, and
presents a complete statement of the property, cap-
italization and finances of what is known as the
Great Northern Railway Line. But all items have
liweu so entered as to readily permit comparison to
be made with the balance sheets published lu the
reports of former years. The funded debt of the
company Is described In Sec. 14.
The company's land grant (10 sections per mile)
aggregated 3,848,000 acres, of which 3,479,611.36
acres have been certified. Total acreage deeded to
the company prior to June 30. 1901, 3,220,7',
less decreed to the Northern Pacific by U. S. Supreme
Court, March 2, 1891, 365,860.92 acres; decreed to
Northern Pacific In accordance with terms of settle-
ment of Nov. 1, 1897, 48,916.08 acres; re-deeded tu
U. S., 3,330.02 acres; leaving net acreage deeded,
2,802,653.28. Total sales to June 30, 1901, 2,843,-
081.18 acres; contracts cancelled, 302,074.98 acres;
net sales, 2,541,006.20 acres. Lands unsold June 30,
1901, 938,605.16 acres. This will be reduced by about
600,000 acres, on final adjustment with the govern-
ment, owing to sales and other disposals of land
within the limits of the grant prior to the time at
which the company's right attached. Sales, year
ending June 30, 1901, 221,532.52 acres for $1,978,-
214,87, an average of $8.93 per acre. There were
also sold 341 town lots for $10,013.50, an average of
$29.36 per lot. Cash receipts for year, Including
interest, etc., $955,518.59. Expenses, $103,405.96.
Net receipts, $852,112.63. Deferred payments due
company bearing Interest at 7 and 6 p. c.. $3,194,-
701.13. Under an Act of Congress, approved Aug. 5,
1892, the company has reconveyed to the United
States a total of 63,477.92 acres of lands lying with-
in the limits of the grant on the Dakota side of the
Red River, but which had been disposed of by the
General Land Office to settlers and others. In lieu
of such lands the company is authorized to locate
an equivalent area elsewhere. Up to June 30, 1901,
47,325.95 acres had been selected in lieu of the
lands surrendered, and the rest was In process of
adjustment with the Government. There were sold
during the year from the Dakota grant 1,365.91 acres,
for $13,461.64, an average of $9.85 per acre; also
1 lot for $500. Receipts during year, $26,850.44.
Expenses, $1,496.16. Samuel Hill, Pres. & Land
Commr., Minneapolis, Minn.; Lord Strathcona and
Mount Royal, Vlce-Pres., Glencoe, Scotland; W. P.
Clough, 2d Vice-Pres.; E. Sawyer, Sec. & Asst.
Treas., St. Paul, Minn.; E. T. Nichols, Treas. Se,
Asst. Sec., New York, N. Y. Offices, St. Paul, Minn.,
and 32 Nassau St., New York, N. Y.
Seattle and Montana RR.— Seattle, Wash.,
to New Westminster, B. C., 143.1 m. ; Sedro Branch,
3.82 m. — total (steel), 146.92 m. ; total track. 177.16
miles. The main line is leased to the Great Northern
Ry. Co., and the branch to the Seattle and Northern
Ry. Co. Chartered March 28. 1898; road opened
throughout on Nov. 27, 1891. The line from
Seattle to Fairhaven and Southern Junction, 78
m., was built by the Seattle and Montana Ry.
Co.; from F. & S. Junction to International Boun-
dary, 41 m., by the Fairhaiven and Southern RR.
Co., and the line in British Columbia, by the New
Westminster Southern Ry. Co. The Seattle and
Montana RR. Co. acquired the entire Issues of cap-
ital stock of the companies named, and afterwards
by deeds the physical properties of the Seattle and
Montana Ry. Co. and Fairhaven and Southern
RR. Co. It also acquired one-half of the capital
stock and a majority of the certificates of indebted-
tess of the Portland amd Puget Sound RR. Co., a
compamy organized to build a line from Seattle.
Wash., to Portland, Ore. As explained in the
Manual for 1898 on page 400, the Great Northern
Ry. Co. acquired the entime capital stock of this
company, $12,500.000 in amount, in July, 1898.
Louis W. Hill, Pres.; Thomas Burke, Vice-Pres.; E.
Sawyer. Sec. & Treas., St. Paul, Minn. Office,
St. Paul, Minn.
19. PROPRIETARY RAILROADS WHOSE STATISTICS ARE INCLUDED IN THE REPORT OF THE
GREAT NORTHERN RY. Co.
Dnluth, \Vntertowii and Pacific Ry.—
Watertown to Huron, S. D., 69.84 m.; total track
(steel, 69.84 m.). 73.92 miles. Rail, 56 Ibs. Organ-
ized Sept. 30, 1885; road opened Sept. 11, 1888. The
Great Northern Ry. Co. owns all the stock and bonds
of this company. The results from operation for the
year ending June 30, 1901, are shown in Sec. 9
of the Great Northern statement. Capital stock
($100 shares), $730.000; funded debt (1st gold 6s of
June 1, 1938), $1,375.000; current llnbillties. $1.044.-
299; accrued Interest, $6.875 — total. $3.156.174.
Contra: Cost of road. $2.209.598; profit and loss,
$946,576— total, $3,156,174. Trustee of bonds: Cen-
tral Trust Co., New York, N. Y. Louis W. Hill,
Pres.; R. I. Farrlngton. Vice-Pres,; E. Sawyer, Sec.
& Treas., St. Paul. Minn. Office, St. Paul, Minn.
Eastern Ry. of Minn. — Coon Creek June.,
Minn., to West Superior, Wis., 134.11 m. ; In Duluth,
Minn., 0.38 m. ; Cass Lake to Fosston. Minn., 59.77
m. ; Saunders, Wis., to Brace June., 8.38 m.; Nemadjl
June., Wis., to Cass Lake, Minn., 152.61 m. ; Mis-
sissippi River to Dewey Lake, Minn., 49.04 m. ;
Clark Mine Spur. 0.61 m.; Stephenson Mine Spur,
3.31 m.; Sandstone to Kettle River, Minn.. 2.61 m.
— total. 410.82 m.; 2d track. 25.49 m.; total track
(steel), 583.18 miles. The branch from Cass Lake
POOR'S MANUAL — GEEAT NORTHERN SYSTEM.
637
to Fosston, Minn., 59.77 miles of line, or 67.83 of
track. Is leased to the Great Northern Ry. Co.; 6.24
m., Swan Hlver to Mississippi River, and 10.12 m.,
Barclay June to Dewey Lake, are leased to the
Swan River Logging Co. Length of above lines
operated by E. Ry. Co. of Minn., 334.69 m. ;
Duluth Terminal Ry. (leased), 1.82 m. ; trackage
(Swan River Logging RR., Barclay June, to Vir-
ginia. Minn., 18.78 m. ; Great Northern Ry., St. Paul
to Hlnckley, Minn., 109.97 m.), 128.75 m. — total
mileage operated June 30, 1901, 465.26 m. ; average
length operated during year, 465.31 miles. Organ-
ized Aug. 13, 1887, under the charter of the
Minneapolis and St. Cloud RR. Co.; road from
Hlnckley to West Superior opened Sept. 23, 1888.
(See Manual for 1890, page 503.) On June 22, 1898,
the company purchased the Duluth, Superior and
Western Ry., from St. Louis River to Deer River,
Minn., 99.94 m. ; the section between Cloquet and
Brace Jc., 10.27 m., was abandoned In 1900. The
extension from Deer River to Fosston, Minn., 98.59
m., was completed in Sept., 1898, and the loop line
and cut-off from Nemadjl Jc.,to Cloquet at about the
same time. On May 1, 1899, the company purchased the
Duluth, Mississippi River and Northern Ry., from
Mississippi River to Dewey Lake, Minn., 49.47 m.,
and merged It Into the Northern Division. (See
Manual for 1899, pages 634 and 635.) The extension
from Hinckley to Coon Creek, Minn., 64.72 m., was
completed and opened for traffic on Nov. 12, 1899.
On March 27, 1900, the company acquired title by
deed to the line between Saunders, Wls., and the
St. Louis River, 5.87 m., theretofore operated under
a lease from the Superior Belt Line and Terminal
Ry. Co. The spurs to Stephenson Mine and to Clark
Mine were built in 1900. In 1901 the company com-
pleted a line from Stony Brook, Minn., to a connec-
tion with the Swan River Logging Ry., a distance of
46.49 miles. It was opened for traffic Aug. 1,
1901. The Swan River Logging Ry. extends from
a point 3.5 m. north of Hlbblng to Virginia, Minn.,
18.78 miles. It Is used by the Eastern Ry. Co.
under an agreement to purchase. The company
owns valuable docks, elevators, warehouses, etc.,
In West Superior and Duluth, and owns the stock
and the bonds of the Duluth Terminal Ry. Co. and
of the Park Rapids and Leech Lake Ry. Co. The
property of the latter is leased to the Great North-
ern Ry. Co. This company is controlled by th«
Great Northern Ry. Co., through ownership of the
entire capital stock. The results from operation for
the year ending June 30, 1901, are shown In Sec. 9
of the Great Northern statement. Rolling Stock,
June 30, 1901. — Locomotives, 54. Cars — passenger,
13; parlor, 5; sleeping, 4; baggage, mall, and ex-
press, 4; freight (box, 2,713; flat and coal, 317;
refrigerator, 10; sand, 310; ore, 1,101), 5,201; ser-
vice, 91— total, 5,318.
This road hag been leased to the Great Northern Ry.
Co., for 99 years from May 1, 1901, at a rental of 6 p. c.
per annum on th'e capital stock, the lessee assuming the
payment of interest, taxes, etc.
General Balance Sheet, June 30, 1901.
Liabilities.
Capital Stock (par, $100) $16,000,00000
Funded Debt Outstanding 9,700,000 00
Car Trust Notes 146,868 70
Current Liabilities 1,204,59000
Interest Accrued, not Due 108,750 00
Taxes Accrued, not Due 60,66252
Fund for Renewals 196,697 99
Profit and Loss 1,526,416 67
Total $28,943,985 88
Assets.
Railroad, Docks and Elevators 21,735,912 26
Cost of Rolling Stock 3,641,972 63
Stocks and Bonds 2,874.700 00
Materials and Fuel 171,312 76
Bills Receivable 25,000 00
Current Assets 470,943 71
Cash on Hand 24,144 52
Total $28,943,985 88
The funded debt is described In Sec. 14 of the
Great Northern statement. The car trust notes
cover 600 ore cars. Louis W. Hill. Pres., St. Paul,
Minn.; D. M. Philbln, Vlce-Pres., Duluth, Minn.; E.
Sawyer, Sec. & Treas. ; J. G. Drew, Comptroller,
St. Paul, Minn. Office, St. Paul, Minn.
DULTJTH TERMINAL BY — In Duluth, Minn.,
1.82 m.; total track (steel; 75 Ibs.), 5.45 miles.
Organized Aug. 11, 1887. The company supplies
trucks for terminal facilities to other roads.
Income, year ending June 30, 1901, $39,470. Ex-
penses and taxes, $19,762. Net earnings, $19,708.
Paid Interest on bonds, $10,500; other interest and
exchange, $6,208; dividends (6 p. c.), $3,000 — total,
$19,708. Balance Sheet, June 30, 1901. — Capital
stock ($100 shares), $50,000; funded debt (1st 6s of
1909), $175,000; Interest accrued not due, $1,750;
fund for renewals, $36,728; advances account con-
struction for which bonds may be Issued, $164.966
— total, $428,444. Contra: Cost of property, $389.-
966; current assets, $38,478 — total, $428,444. The
stock and bonds are owned by the Eastern Ry. Co.
of Minn. Louis W. Hill, Pres.; R. I. Farrington,
Vlce-Pres.; E. Sawyer, Treas. & Sec., St. Paul,
Minn. Office, St. Paul, Minn.
Minneapolis Union Ry.— University Switch,
East Minneapolis, to First Street, Minneapolis, Minn,
(double track), 2.63 m.; total track (steel; 75 Ibs.),
10.00 miles. Organized Nov. 28, 1881; opened bridge
over the Mississippi River, Sept. 1, 1884. The busi-
ness of the company Is to supply depot and terminal
facilities to other companies. The property is now
used by the Eastern Ry. of Minnesota, the Great
Northern Ry., the C., St. P., M. & O. Ry., the C., B.
& Q. RR., and the Wisconsin Central Lines. Income
Account, year ending June 30, 1901.— Rentals, $222,-
000; other receipts, $14,675 — total, $236,875. Pay-
ments: Operating expenses, $54,308; taxes, $937;
Interest on bonds, $161,500; dividends (5 p. c.),
$25,000 — total, $241,745. Deficit, $5,070; surplus
forward, $310,064; net surplus, $305,094. Balance
Sheet, June 30, 1901. — Capital stock paid In ($1,000,-
000 auth.; $100 shares), $500,000; funded debt (see
Sec. 14), $2,800,000; current liabilities, $946; Inter-
est due July 1, 1901, $80,750; profit and loss, $305,-
904 — total, $3,687.690. Contra: Cost of road,
$3,154,722; securities of other companies, $247,500;
bills receivable, $274,155; cash, $11,257; other assets,
$56— total, $3.087,690. Louis W. Hill, Pres.; R. I.
Farrinsrton, Vice-Pres.; Edward Sawyer, Sec. &
Treas. ; J. G. Drew, Compt., St. Paul, Minn. Office,
St. Paul, Minn.
Minneapolis Western Ry.— In Minneapolis,
Minn., 1.69 m.; trackage, Great Northern Ry., In
Minneapolis, Minn., 0.34 m. — total operated, 2.03 m. ;
total track owned (steel; 68 and 75 Ibs.), 6.73 miles.
Chartered Nov. 1, 1888. This company performs a
general switching and transfer service; has direct
connection with G. N. Ry., C., M. & S. P. Ry., C. G.
W. Ry., and with all other lines Into Minneapolis,
via Great Northern Ry. The entire capital stock is
owned by the Great Northern Ry. Co. Locomotives,
2. Income Account, year ending June 30, 1901. —
Gross earnings, $57,214. Operating expenses, $32-
045. Net earnings. $25,169; other receipts. $13—
total $25.182. Payments: Interest on bonds, $25,000;
rentals, $1,753; taxes, $1,159 — total, $27,912. Deficit,
$2,730; surplus forward, $31.645; net surplus, $28,916.
Balance Sheet, June 30, 1901. — Capital stock ($100
shares), $250,000; funded debt (see Sec. 14), $500,-
000; accrued taxes, not yet payable, $577; current
liabilities, $18,380; profit and loss. $28,916 — total,
$797,873.''r Contra: Cost of road, $743,497; materials,
$642; cash and current assets, $53,734 — total,
$797,873. Louis W. Hill, Pres.; R. I. Farrington,
Vice-Pres.; E. Sawyer, Sec. & Treas., St. Paul, Minn.
Office, St. Paul. Minn.
Montana Central Ry.— Great Falls to Helena,
Mont., 96.69 m.; Lewis June, to Stockett, 5.21 m.;»
Helena to Butte, 72.53 m. ; Great Falls to Sand
Coulee, 14.53 m.; Allen to Neihart, 56.24 m.; Monarch
to Barker, 10.79 m.; Red Mountain Branch at Helena,
1.14 m. ; branch to Mountain View Mines near
Butte, 3.38 m. — total. 260.51 m. ; total track (steel,
260.51 m.), 312.93 miles. Rail, 60, 68, 75, 77i, and
80 Ibs. Company has trackage rights over 4.05 m.
of the Great Northern Ry. ; from Sun River to Junc-
tion with Sand Coulee Branch; total line operated,
264.56 m. ; average operated during year, 265.21
miles. Organized Jan. 25, 1886. The branch from
Lewis June, to Stockett was opened in 1898; the
inn in line and the other branches, from 1887 to 1893.
(See Manual for 1893, page 290.) Controlled by the
Great Northern Ry. Co., through ownership of the
entire capital stock. The operations for the year
ending June 30, 1901, are shown in Sec. 9 of the
Great Northern statement. Locomotives, 34. Cars —
passenger, 13; baggage, mall, and express, 6;
freight (box, 100; stock, 50; ore, 500; flat and coal,
800; ballast with coal sides, 400), 1,850; service,
39.— total, 1,908.
538
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
General Balance Sheet, Jvne 30, .1901.
Capital Stock (par, $100) $5,000,000 00
Funded Debt Outstanding 10,000,00000
Current Liabilities.
Taxes Accrued, not Due
Fund for Replacement of Equipment..
Advances Acct. of Construction
Profit and Loss
390,479 87
15,671 47
37,515 62
344,999 01
97,690 83
Total Liabilities $15,886,356 80
Cost of Road and Equipment $15,344,999 01
Materials and Supplies on Hand 55,262 75
Current Accounts 383,083 25
Cash on Hand 103.001 79
Total Assets $15,886,356 80
The funded debt Is described In Sec. 14 of the
Great Northern statement. Louis W. Hill, Pres. ;
M. D. Grover, Vlce-Pres. ; E. Sawyer, Sec. & Treas. ;
J. G. Drew, Compt., St. Paul, Minn. Office, St.
Paul, Minn.
Willmar and Sioux Falls Ry.— Willmar,
Minn., to Sioux City, la., 223.76 m. ; South Sioux
City to O'Neill, Neb., 129.16 m. ; Garretson to Yank-
ton, S. D., 80.49 m.— total, 433.41 m. ; total track,
481.27 miles. Rail (steel, 433.41 m.), 56 and 60 Ibs.
The company leases 3.32 m. of line between Sioux
City, la., and South Sioux City, Neb., making the
total length operated 436.73 miles. Chartered
March 3, 1886; road opened from Willmar, Minn.,
to Yankton, S. D., 205.25 m., on Nov. 1, 1893. On
Jan. 1, 1900, the company acquired the Sioux City
and Northern RR. (Garretson, b. D., to Sioux City,
la., 96 m.), and the Sioux City and Western Ry.
(South Sioux City to O'Neill, Neb., 129.16 m.), and
on April 1, 1900, acquired the Sioux Falls Terminal
RR., 3.02 miles. The company is controlled by the
Great Northern Ry. Co., through ownership of the
entire capital stock. The operations for the year
ending June 30, 1900, are shown In Sec. 9 of the
Great Northern statement. Locomotives, 17. Cars —
passenger, 12; baggage, etc., 3; freight (box, 766;
stock, 100; refrigerator, 50; flat and coal, 197),
1,113; service, 10 — total, 1,138. Balance Sheet.
June 30, 1901, — Capital stock ($100 shares), $7,000.-
000; funded debt (see Sec. 14), $3,646,000; current
liabilities, $668.196; taxes accrued, $32,584; interest
accrued, $15,191; equipment replacement fund.
$2,159; profit and loss, $333,117— total, $11.697,247.
Contra: Cost of road, $8.629,384; equipment. $387,-
452; securities of other companies, $2,500,000; real
estate, $100; materials, etc., $64,585; current ac-
counts, $33.927; cash, $81,799 — total, $11,697.247.
Louis W. Hill, Pres.; R. I. Farrington, Vice-Pres.;
E. Sawyer, Sec. & Treas.; J. G. Drew, Comptroller,
St. Paul, Minn. Office, St. Paul, Minn.
2O. PROPRIETARY RAILROADS WHOSE STATISTICS ARE NOT INCLUDED IN THE REPOBT OF
THE GREAT NORTHERN RY. Co.
Columbia and Red Mountain Ry.— North-
port, Wash., to International Boundary, 7.47 miles.
Rail (steel), 56 Ibs. Chartered Jan., 1895; road
opened Dec., 1896. The company owns 1 passenger
and 19 freight cars, and owns jointly with the Red
Mountain Ry. Co. 1 locomotive and 1 caboose car.
Income, year ending June 30, 1901, $81,124. Ex-
penses and taxes, $42,248. Net Income, $38,876;
Payments: Interest on bonds, $17,460; dividends (7
p. c.), $18,508 — total, $35,968. Surplus, $2.908.
Balance Sheet, June 30, 1901. — Capital stock, $264,-
400; funded debt (1st 6s of 1916), $291,000; profit
and loss. $1,219 — total, $556,619. Contra: Cost of
road, $556,037; other assets, $582— total, $556.619.
The Great Northern Ry. Co. owns both the stock
and the bonds. W. H. Thompson, Pres., Seattle,
Wash.; E. Sawyer, Treas., St. Paul, Minn.; A. M.
Thomas, Sec., Spokane, Wash. Offices, Spokane,
Wash., and 32 Nassau St., New York, N. Y.
Nelson and Fort Sheppard Ry.— Nelson,
B. C., to Waneta. on International Boundary,
59.4 m. ; total track (steel; 56 Ibs.), 62.74 miles.
Chartered April, 1891; road opened Dec., 1893. An
extension of the Spokane Falls and Northern Ry.
The company owns 1 caboose car. Income Account,
year ending June 30, 1901. — Gross receipts, $86,314.
Expenses and taxes, $66,086. Net receipts, $20.228.
Interest on bonds, $78.092. Deficit, $57,864. Balance
Sheet, June 30, 1901.— Capital stock, $1,500.000;
funded debt (1st 6s of 1943), $1,293,000; unfunded
debt, $76,037— total $2.869.037. Contra: Cost of
road, $2,670,413; profit and loss, $198,624 — total,
$2,869.037. The Great Northern Ry. Co. owns both
the stock and the bonds. W. H. Thompson, Pres.,
Seattle, Wash.; E. Sawyer, Treas.; St. Paul, Minn.;
A. M. Thomas, Sec., Spokane, Wash. Offlceg, Spo-
kane, Wash., and 32 Nassau St., New York, N. Y.
Red Mountain Ry.— International Boundary to
Rossland, B. C., 9.53 m. ; total track (steel; 56 Ibs.),
10.38 miles. Chartered April, 1893; road opened
Dec., 1896. An extension of the Columbia and Red
Mountain Ry. The company owns 1 passenger and
18 freight cars, and owns jointly with the C. & R.
M. Ry. Co. 1 locomotive and 1 caboose car. Income,
year ending June 30, 1901. $103.680. Expenses and
taxes, $58,325. Net Income, $45,355, surplus from
last year, $8,000 — total, $53,355. Payments: Inter-
est on bonds, $13,020; dividend (20 p. c.). $38.120—
total, $51,140. Surplus. $2.215. Balance Sheet. June
30, 1901.— Capital stock, $190.600; funded debt (1st
6s of 1916), $217,000; Income balance, $2,215—
total, $409,815. Contra: Cost of »oad and equip-
ment, $408,777; other assets, $1,038— total, $409.815.
The Great Northern Ry. Co. owns both the stock
nnd the bonds. W. H. Thompson, Pres., Seattle,
Wash.; E. Sawyer, Treas., St. Paul, Minn.; A. M.
Thomas, Sec., Spokane, Wash. Offices, Spokane,
Wash., and 32 Nassau St., New York. N. Y.
Spokane Falls and Northern Ry.—
Spokane, Wash., to International Boundary (140.6 m. ;
less G. N. Ry. used, East Spokane to S. F. & N.
June., 8.77 m.), 131.83 m.; total track (steel; 66
Ibs.), 145.81 miles. Chartered April 4, 1888; road
opened throughout on June 26, 1893. Locomotives,
11. Cars — passenger, 10; baggage, etc., 6; freight
(box, 56; flat, 130; stock, 5; ore, 25; refrigerator, 4).
220; caboose, 2; other, 2 — total, 242. Income, year
ending June 30, 1901, $589.993. Expenses and taxes.
$406.509. Net Income, $183,485. Deduct Interest
on bonds, $168,720. Balance, surplus, $14,765.
Balance Sheet, June 30, 1901.— Capital stock. $2.-
812.000; funded debt (1st 6s of 1939), $2,812,000;
profit and loss, $133,441— total, $5,757.441. Contra:
Cost of road and equipment, $5.691.363; other
assets, $66.078— total, $5,757,441. The Great North-
ern Ry. Co. owns both the stock and the bonds.
Louis W. Hill, Pres.; E. Sawyer, Treas.; A. M.
Thomas, Sec., St. Paul. Minn. Offices, Spokane.
Wash., and 32 Nassau St.. New York, N. Y.
Term expires In Oct., 1904.
Wm. B. Dean St. Paul, Minn
James N. Hill Dnluth, Minn.
Henry W. Cannon. .New York, N. Y.
21. Board of Directors, Great Northern Ry. Co., as constituted Aug. 7, 1902.
Term expires in Oct., 1902. Term expires in Oct., 1903.
James J. Hill St. Paul, Minn. Edward Sawyer St. Paul, Minn.
Frederick WeyerhaneBer. " " M. D. Grover
Samuel Hill Minneapolis, Minn. R. I. Farrington "
JAMES J. HILL, President St. Paul, Minn.
Louis W. Hill, Asat. to President " "
James N. Hill, Vice- President " "
R. I. Farrington, 2d Vice-President "
E. T. Nichols, 3d Vice-Pres. & Sec New York, N. T.
J. W. Blabon, 4th Vice-President St. Paul, Minn.
Treasurer <& Astt. Sec.—E. Sawyer St. Paul, Minn. | Comptroller—J. G. Drew St. Paul, Minn.
Assl. Sec. <Sb Atst. Treas.— ft. Terhun«..New York, N. T.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
POORS MANUAL OF RAILROADS.
539
IOWA CENTRAL RAILWAY COMPANY.
INDM TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 9
Directors and Officers 12
Earnings, Expenses, etc., 1901... 6
Earnings. Exp., etc., 1894-1901 ... 7
Funded Debt, Details of 10
Gen . Balance Sheet, June 30, 1901 . 8
History 8
Income Account, June 30, 1901 ... 6
Income Account, 1894-1901 7
Iowa Cent. & Western, Lease of. 3
Lease of Iowa Cent. & West. Ry. 3
Leased Properties, Statements of. 11
Mileage Operated. June 30, 1901.. 1
Mileage Operated. June 30, 190'<2. . la
Operations and income, 1894-1901. 7
Refunding Mortgage 4
Rolling Stock 5
1. Mileage Operated, June 30, 1901 (owned, 500.06 miles).
Main Line : Iowa Junction, 111., to Northwood, la 348.91 miles.
Albia Branch : Oskaloosa to Albia, la 26.14
Newton Branch : New Sharon to Newton, la 27.75
Lynnville Branch : Lynnville Junction to Lynnville, la. 2.50
Monlezuma Branch : G. & M. Junction to Montezuma, la 13.61
State Center Branch : Newburg to State Center, la 26.64
/Story Gity Branch : Minerva Junction to Story City, la 34.51
Belmond Branch : Hampton to Belmond, la .... 20.00
LEASED : Keithsburg Bridge Co.: Bridge and tracks at Mississippi River 2.57
TRACKAGE: Peoria and Pekin Union Ry.: Iowa Junction, 111., to Peoria, III. 3.50
Total length of lines operated June 30, 1901 506.13 miles.
Sidings, etc., 116.06 miles. Gauge, 4 ft. 8| in. Rail— iron, (49.71 m.) 50 Ibs. ; steel (572.48
miles), 60 and 70 Ibs. The spur track to the Hocking Coal Mines, 3.58 miles, previously re-
ported as main line track, has been added to the mileage of sidings.
la. Mileage Operated, June 30, 1902. — In consequence of the leasing of the Iowa
Central and Western Ry. (see Sec. 3) and of the acquisition of trackage rights in the Burling-
ton, Cedar Rapids and Northern Ry. between Northwood and Albert Lea (see Sec. 2), the
length of lines operated by the company has been increased to 558.43 miles. The company
owns 502.63 miles of such line, title having been acquired to the property of the Keithsburg
Bridge Co. The length of track laid with steel rails as of June 30, 1902, was 624.78 miles.
2. History. — Reorganization in 1888 of the Central Iowa Ry. Co. (see MANUAL for 1890,
page 512). Under date of Aug. 1, 1881, the company leased its line of road from Manly Junc-
tion to Northwood, la., a distance of 11.38 miles, to the Burlington, Cedar Rapids and North-
ern RR. Co., for a term of 25 years, at an annual rental of $14,000. Subsequently, by order
of the courts, the company was required to continue to operate its trains over that portion of
its line, but, under the terms of the lease, the receipts from such train service accrued to the
lessee. In view of this unsatisfactory condition and the advantage of owning or controlling
a line of road to Albert Lea, Minn., where connection is had with the Minneapolis and St.
Louis RR., Illinois Central RR., and Chicago, Milwaukee and St. Paul Ry., the lease above
referred to was abrogated and a new agreement entered into, under date of July 1, 1901, with
the Burlington, Cedar Rapids and Nortl'ern Ry. Co., vvhirh provides for the joint and equal
use, in perpetuity, of that portion of the company's line of road from Manly Junction to
Northwood, la., and of about 15.5 miles of the Burlington, Cedar Rapids and Northern Ry.
Go's, line of road, from Northwood, la., to Albert Lea, Minn.
3. Lease of Iowa Central and Western Ry. — The company has leased, for 50 years,
from July 1, 1901, the Iowa Central and Western Ry. Co's. line of road, from Belmond to
Algona, la., a distance of 37 miles, upon the condition that it shall maintain the property,
paying, in addition to all taxes lawfully assessed, 20 per cent, of all gross earnings accruing
from the operation of the property. The company further obligates itself to apply these
earnings accruing to the Iowa Central and Western Ry. Co. from the lease of its property
toward the payment of interest on, and the principal of the mortgaged indebtedness of, the
latter company.
4. New Refunding Mortgage. — Since the 30th of June, 1901, the company has executed,
in accordance with the action of the stockholders at a special meeting held on July 31, 1901,
a First and Refunding Mortgage to secure an issue of bonds not exceeding $25,000,000. This
mortgage is a lien upon the now existing railways of the company, subject only to the first
mortgage of Aug. 1, 1888, and will be a first lien upon the railroad of the Iowa Central and
Western Ry. Co. and upon the property of the Keithburg Bridge Co. as soon as the out-
540
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
standing bonded indebtedness of those properties has been retired. It will also be a first ] j r
upon any new mileage or other property which may be hereafter constructed or an,;
Tbe bonds are dated March 1, 1901, and are for $1,000 each, payable in gold coin on Man 1.
1, 1951, bearing interest at the rate of 4 per cent, per annum, payable on March 1, and Sept.
1 in each year. The company has issued and sold $2,000,000 par value of these bonds, to
provide for the retirement on Dec. 1, 1901, of $591,000 bonds of the Keithsburg Bridge Co.,
to purchase additional equipment, to revise controlling grades, reconstruct certain bridges
and make other necessary improvements for the purpose of operating the property more ad-
vantageously.
5. Rolling Stock, June 30, 1901. — Locomotives, 76. Cars — passenger, 28; baggage, mail,
and express, 9 ; freight (box, 1,533 ; furniture, 94 ; stock, 111 ; coal, 700), 2,438 ; caboose,
40 ; service, 204— total, 2,719.
6. General Income Account, year ending June 30, 1901.
Earnings— Passenger $414,473 32
Freight 1,789,978 66
Mail and Express 77,456 40
Miscellaneous 2,215 09
Total ($4,510.86 per mile) $2,284,1 23 47
Expenses— Maint. of Way and Structures. . $632,301 97
Maintenance of Equipment S82.565 24
Conducting Transportation 817,734 45
General Expenses 88,124 17
Total ($3,595.71 per mile) $1,820,725 83
Net earnings (20.29 p. c.), $463,397.64; add other receipts (interest from investments,
$27,750 ; interest, discount and exchange, $1,826.63; trackage and other rentals, $16,659.67;
miscellaneous, $5,007.38), $51,243.68— total, $514,641.32. Payments: Taxes, $75,884.45;
interest on funded debt, $373,748.78; rentals (track and terminals, $22,500; Keithsburg
Bridge, $35,460), $57,960— total, $507,593.23. Surplus, $7,048.09; surplus forward, $1,437.90;
premium on bonds sold during the year less $104.50 balance of dividend paid on preferred
stock, $93,409.28— total surplus June 30, 1901, $101,895.27.
7. Statement showing operations and income account for eight years ending June 30:
1894
1895
1896
1897
1898
1899
1900
1901
Miles RR. Operated
497.60
477,573
948,354
447,576
11,405,862
1,293,529
164,614,939
$
1,811,567
1,198,589
497.60
466,187
803,066
497,498
11,842,757
1,145,688
128,825,630
8
1,569,220
1,048,821
499.50
616,090
931,355
523,537
12,976,431
1,196.873
161,054,087
8
1,839,708
1,159,453
508.98
656,528
779,500
505,282
12,571,764
1.123,147
134,719,786
8
1,564,205
1,100.161
508.98
648,438
976,592
478,455
13,097,724
1,323,342
155,993,134
$
1.868,349
1,274,656
508.98
654,152
1,180,434
539,634
14,784,479
1,540,716
205,650,328
8
2,120.575
1,495,679
512.56
662,188
1,200,115
602,248
16,471,423
1.742,379
265,417,072
$
2,325,919
1,702,349
506.36
700.515
1.117.166
664,225
17,184.864
1.667,202
252,497,682
$
2,284,123
1,820,726
Passenger Train Miles
Freight Train Miles
Passengers Carried
Passenger Miles
Freight (tons) Moved
Freight (ton) Miles
Gross Earnings . ....
Operating Expenses
Net Earnings
612,978
14,426
520,399
14,751
680,255
14,336
464,044
7,787
593,693
11,777
624,896
14,975
623,570
15,321
463.397
21,667
Other Receipts
Net Income
627,404
60,611
335,246
85,369
16
146,162
3,640 60
2,408 74
1,23186
66.16 p. c.
2.54 c.
0.88 c.
535,150
61,966
329,386
73,836
694,591
62,870
321,403
131,981
17
178,320
3,683 11
2,321 23
1,361 88
63.02 p. c.
2.50 c.
0.90 C.
471,831
63,482
*316,833
88,014
605,470
62,152
*317,932
119,908
639,871
65.177
*329,235
57,960
85,018
102,481
4,166 31
2,938 57
1,227 74
70.53 p. c.
2.35 c.
0.82 c.
638,891
72,111
*332.847
57,960
170,023
5,950
4,537 80
3,321 23
1,216 57
73. 19 p. c.
2.37 c.
0.70 C.
485.064
75.884
*344,172
5r,oro
105
6,943
4,510 86
3,595 71
91515
79.71 p. c.
2.36 c.
0.71 C.
Payments — Taxes
Interest
Rentals etc
Dividends, Pref . Stock. . .
Balance, Surplus
69,962
3,15358
2,107 76
1,045 82
66.84 p. c.
2.47 c.
0.94 c.
3,502
3.073 20
2,161 49
911 71
70.33 p. c.
2.39 c.
0.88 c.
105,478
3,670 76
2,50433
1,16643
68.22 p. c.
2.43 C.
0.94 c.
Earnings per Mile
Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Aver, per Pass, per Mile. .
Aver, per Ton per Mile
* Net amount paid (see income account).
§. General Balance Sheet, June 30, 1901.
Cost of Road and Equipment $21,577,12436
Materials and Supplies 257,617 26
Unadjusted Accounts.
Cash on Hand
Current Assets
Securities, I., C. & W. Ry. Co.:
1st Mtge. Bonds par, $555,000 I
Capital Stock par, 900,000 )
50,870 67
163,550 42
104,712 89
358,116 05
Total Assets $22,511,99165
Capital Stock and Scrip (see Sec. 9). .. .$14,179,706 70
Funded Debt Outstanding (see Sec. 10). 7,649,544 91
Loans and Bills Payable.
Current Liabilities
Profit and Loss
200,000 00
380,844 77
101,895 27
Total Liabilities $22,511,99165
POOR'S MANUAL OF RAILROADS.
541
9. Capital Stock.— The capital stock authorized consists of $11,000,000 c»mmon stock and $7,400,000
preferred stock, a total of $18,400,000 in $100 shares. Capital stock issued and outstanding, June 30, 1901,
consisted of $8,507,288.48 common stock and scrip and $5,672,418.22 preferred stock and gcrip. Preferred
stock is entitled to 5 p. c. dividends non-cumulative; but when dividends on common stock exceed 5 p. c.
in any one year, equal dividends shall be paid on preferred stock.
10. Funded Debt. — The funded debt on June 30, 1901, per general balance sheet, consisted of 1st
gold 5s, June 1, 1938. Secured on the main line and branches, and on all real estate and rolling stock.
Authorized issue, $7,650,000, at rate of $15,000 per mile. Since June 30, 1901, there have been issued $2,000,-
000 of 1st refunding mtge. 4 p. c. gold bonds for the purposes stated in Sec. 4. (Additional particulars
respecting the funded debt will be found in the Ready Reference Bond List — see General Index.)
11. PHOPEBTIES LEASED BY THE IOWA CENTRAL RY. Co.
A. Operations included in accounts for year ending June 30. 1901.
Kelthstmrgr Bridge Co. (tracks at Missis-
sippi River), 2.57 miles. Opened Feb. 26, 1886.
Leased to Central Iowa Ry. Co. in 1886, and lease
tiansferred to the Iowa Central Ry. Co., May 15,
1889. New lease and operating agreement entered
into with I. C. Ry. Co. Nov. 10, 1890. Rental,
year 1900-01, $35,460, and necessary expenses of
operating
$35,460.
the bridge. Paid interest on bonds,
Capital stock, $600,000; funded debt
(called for redemption Dec. 1, 1901), $591,000 — total,
stock and bonds, $1,191,000. Samuel Carr, Pres.,
Boston, Mass.; S. Seaman Jones, Sec. & Treas.,
20 Broad St., New York, N. Y. General Office, 20
Broad St., New York, N. Y.
B. Operations not included in lessee's report for year ending June 30, 1901.
Iowa Central and Western Ry. — Bel-
mond to Algona, la., 37.3 m. ; total track (steel;
60 Ibs.), 40.74 miles. Chartered Oct. 27, 1898;
road opened Nov. 1, 1899. Built by the Iowa
Central Ry. Co., which received for the money
advanced for its construction $900,000 par value
of the capital stock and $555,000 par value of 1st
mtge. 5 p. c. bonds. Leased to the Iowa Central
Ry. Co., for 50 years from July 1, 1901, at . rental
of 20 p. c. of gross earnings, the lessee to apply
these earnings to the payment of this company's
mortgage Indebtedness, both principal and Interest.
Capital stock ($3,000,000 auth.; $100 shares), $900,-
000; funded debt (1st 4s of March 1, 1951),
$555,000 — total, representing cost of road, $1,455,-
000. The bonds are authorized to the amount of
$25,000 per mile of road. Both the stock and the
bonds are owned by the Iowa Central Ry. Co.
Edwin Hawley, Pres.; F. H. Davis, Treas., New
York, N. Y. ; Geo. W. Seevers, Sec., Oskaloosa, la.
Office, Oskaloosa, la.
12. Board of Directors, Iowa Central Ey. Co., elected September 6, 1901.
jfidwin Hawley New York, N. Y.
F.H.Davis " "
L. P. Day Minneapolis, Minn.
L. C. Weir New York, N. Y.
Edwin Langdon... " "
John E. Searles . . .New York, N. Y.
George Crocker ... "
Paul Morton Chicago, 111.
T. P. Shonts " "
R. J. Kimball New York, N. Y.
Russell Sage New York, N. Y.
E. H. Perkins, Jr. .
Horace J. Morse . . "
Henry A. Gardner Chicago, 111.
George R. Morse . .New York, N. Y.
EDWIN HAWLEY, President New York, N. T.
F. H. Davis, Vice-President " "
Vice-Pres. & Gen. Mgr.—'L. F. Day. .Minneapolis, Minn. I Treasurer — P. H. Davis New York, N. Y.
Secretary— A. C. Doan New York, N. Y. | Auditor — Frank Nay Minneapolis, Minn.
PRINCIPAL OFFICE AND ADDRESS Minneapolis, Minn.
New York Office 25 Broad Street. | Chicago Office New York Life Building.
MINNEAPOLIS AND ST. LOUIS RAILROAD COMPANY.
(For map of this road, see page 543.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Capital Stock 7
Directors and Officers 10
Earnings, Expenses, etc., 1900-
1901 5
Funded Debt, Details of 9
Gen . Balance Sheet, June 30, 1 901 . 6
Gen. Balance Sheet, 1896-1901. . . . 8
History 3
Income Account, June 30, 1901. . . 5
Income Account, 1896-1901 8
Lines Owned but Not Operated.. 2
Mileage Operated, June 30, 1901. 1
Operations, Property, etc., 1896-
1901 8
RollingStock 4
1. Mileage Operated, June 30, 1901 (owned, 631.73 miles).
Main Line : Minneapolis, Minn., via Ft. Dodge, la., to Angus, la 259.90 miles.
Pacific Division : Hopkins, Minn., to Watertown, S. D 215.42
Kalo Branch : Kalo Junction, la., to Kalo, la 1.46
Lake Park Branch : Manitou Junction, Minn., to Tonka Bay, Minn 1.45
Southwestern Division : Winthrop, Minn., to Storm Lake, la 153.50
TRACKAGE : Northern Pacific Ry. .• St. Paul, Minn., to Minneapolis, Minn 10.11
Total length of lines operated, June 30, 1901 641.84 miles.
Average mileage operated during the year. 633.19 "
2d track (owned, 9.57 m. ; trackage, 10.11 m.), 19.68 m.; sidings (owned) 120.07 miles
Gauge, 4 ft. 8£ in. Rail (steel, owned, 749.39 m.), 50 to 80 Ibs.
642
POOR'S MANUAL OF RAILROADS— NORTHWESTERN GROUP.
2. Lines Owned but not Operated. — The preceding statement of mileage does not in-
clude 13.09 miles, from East Minneapolis to White Bear Lake, Minn., owned by this com-
pany, but leased to the Northern Pacific Ry. Co., and 13 miles, from Albert feea, Minn., to
Iowa State Line, leased to the Burlington, Cedar Rapids and Northern Ry. Co. The line
from East Minneapolis to White Bear Lake, Minn., was conveyed by deed to the Northern
Pacific Ry. Co. on Nov. 1, 1901. The line from Albert Lea to State Line is leased for 999
years to the Burlington, Cedar Rapids and Northern, that company guaranteeing $150,000
of 7 p. c. bonds, due June 1, 1927. When the bonds are paid off that line will become the
property of the lessee.
3. History. — Reorganization, Oct. 11, 1894, of the Minneapolis and St. Louis Ry. Co. (see
MANUAL for 1894, page 921). On Feb. 20, 1889, the company purchased from the Wisconsin,
Minnesota and Pacific RR. Co. the line from Morton, Minn., to Watertown, S. D., 122.53
miles, and on March 1, 1899, purchased the Minneapolis, New Ulm and Southwestern RR.,
from Winthrop to New Ulm, Minn., 20.22 miles. The extension from New Ulm, Minn., to
Storm Lake, la., 1'53.28 miles, was completed and opened for traffic on Aug. 19, 1900. At
Storm Lake connection is made with the Illinois Central RR.
The company owns a one-ninth interest in the Minnesota Transfer Ry. Co., whose prop-
erty, consisting of stockyards, depots, etc., is situated between St. Paul and Minneapolis.
Under a contract with the Northern Pacific Ry. Co., this company gets an entrance into St.
Paul, Minn.
4. Rolling' Stock, June 30, 1901. — Locomotives, 80. Cars — passenger, 40 ; combination,
9 ; baggage, mail, and express, 13 ; freight (box, 2,426 ; flat, 434 ; stock, 112 ; coal, 32 ;
refrigerator, 4 ; furniture, 27), 3,035 : caboose, 36 ; other, 70— total, 3,203. Five of the
locomotives (switching engines) are in the service of the Minneapolis Ry. Transfer Co., and
their operations are not included in this statement.
5. General Income Account (average, 633.19 miles), year ending June 30, 1901.
Expenses— Maint. of Way and Structures. .^$594.753 64
Maintenance of Equipment 307,04640
Conducting Transportation 841 .353 30
General Expenses 105.531 30
Total ($5,173.02 per mile) $3,275,50368 Total ($2,919.32 per mile) $1,848,68464
Net earnings (43.56 p. c.), $1,426,819.04; income from investments, $38,923.50; trackage
and other rentals, $136,561.83 ; other receipts, $13,321.52— 1o'.al, $1,615,625.89. Payments :
Interest on bonds, $897,220 ; taxes, $107,932.73 ; dividends (."> p. c. on preferred stock, 4 p. c.
on common stock), $440,000; trackage and other rentals, $56,710.81— total, $1,501,863.54.
Surplus, $113,762.35 ; surplus forward, $595,191.50 ; proceeds from sale of 1,000 shares treas-
ury stock, $100,000 ; capital expenditures charged to operations in previous years now
charged to cost of property, $293,716.95 — total, $1,102,670.80. Deduct expenses in connec-
tion with the issue of new refunding bonds, $29,877.86. Balance surplus, June 30, 1901,
$1,072,792.94.
6. General Balance Sheet, June 30, 1901.
Earnings— Passenger $703,826 26
Freight 2,413,133 55
Mail and Express 138,478 75
Miscellaneous 20,065 12
Cost of Road and Equipment $28,334,25620
» Stocks and Bonds Owned 920,000 00
Materials and Supplies 244,77218
Cash on Hand 267,561 45
Current Assets 127,554 62
Deferred Assets— Lake Park Hotel 17,78522
Other Property 15,957 11
Total Assets $29,927,888 78
Capital Stock— Common ($100 shares) .... 6,000,000 00
Preferred ($100 shares).. 4,000,00000
Funded Debt Outstanding (see Sec. 8) . . 18,151,000 00
Current Liabilities 221,331 12
Interest Accrued, not Due 191,86583
Taxes Accrued, not Due 64,09415
Unadjusted Accounts 172,037 74
Rolling1 Stock Replacement Fund 54,76700
Profit and Loss 1.072,79294
Total Liabilities $29,927,888 78
* $282,000 1st consolidated mtge. bonds; $551,000 1st a»d refunding mtge. bonds, and $87,000 bonds and
stock of the Minnesota Transfer Ry. Co.
7. Capital Stock. — The company held in its treasury on June 30, 1901, $174,300 of the common
stock and $39,600 of the preferred stock. The preferred stock is entitled to non-cumulative dividends at the
rate of not exceeding 5 p. c. per annum, after payment of fixed charges; the common stock to non-
cumulative dividends at the same rate, after payment of fixed charges and dividends on the preferred stock,
any surplus of net profits in any year to be applied to payment of dividends on both classes of stock
without discrimination.
548
544
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
§. Statement of operations, property, and capital accounts for six years ending June 30 :
1896
1897
1898
1899
1900
1901
Average Mileage Operated .
Train Mileage— Passenger.
Freight . . .
Passengers Carried
369.91
559,047
651,487
548,132
369.91
621,568
619,304
571 683
365.81
619,161
669,136
627 051
416.54
654,146
747,431
657 077
514.22
783,584
694.753
755 816
633.19
880.825
Passenger Mileage
Freight (tons) Moved
19,217,018
1,194,819
20,334,397
1,208,969
24,010,030
1,342 286
24,876,877
1 535 278
99,759,191
1 605383
34,859.713
Freight (ton) Miles
113,009,098
114,523,012
140,901,750
156,379,613
174,654,187
210 ?Ji> 911
Earnings — Passenger
405,605
$
412 085
457 480
494 031
S
001 836
703 K°6
Freight
1,500,379
1,469 070
1 650508
1 860 258
2 117 553
2 413 134
Other..
122,317
125 350
138 592
. 145 715
143 920
158 544
Gross Earnings
2,028,301
2 006 505
2246 580
2 500 004
2 863 310
3 275 504
Operating Expenses
1,136,815
1,131,716
A, 295,622
1,438005
1,600,508
1 848 085
Net Earnings
891,486
874 789
950 958
1 061 999
1 262 802
1 426 819
Other Receipts
144,048
155234
167866
196 597
200,265
188 807
Net Income
1,035,534
1 030023
1 118 824
1 258596
1 463067
1 615 626
Payments — Taxes
66,738
67 411
72 294
84 700
98878
107 933
Rentals
56,476
55 355
55 162
55 694
56 716
56 711
Interest
580540
580 540
580 540
659 540
892 540
897 220
Dividends
245,000
245 000
265 000
xW fxH3
290 000
440 000
Other
7,486
14480
12 195
213
309
Total
956 240
962 786
985 181
1 094 730
1 338 443
1 501 864
Balance, Surplus
79 295
67 237
133 633
163 865
124624
113 762
Gross Earnings per Mile. . .
Operating Exp. per Mile. . .
Net Earnings per Mile
Expenses to Earnings
Aver. Rate per Pass. p. Mile
Aver. Rate per Ton p. Mile
Miles Road Owned
5,48324
3,07322
2,410 02
56. 05 p. c.
2.78c.
1.33C.
371 85
5,42430
3,05944
2,36486
56.40 p. c.
2.02 c.
1.28 c.
371 85
6,141 39
3,541 79
2,59960
57.67 p. c.
1.91 c.
1.17 c.
381 79
6,00183
3,452 26
2,549 57
55.51 p. c.
1.99 c.
1.19 c.
524 54
5,56825
3,112 49
2,455 76
55.90 p. C.
2.02c.
1.21C.
593.44
5,173 02
2,919 32
2,25370
56.44 p. c.
2.02 c.
1.14c.
tS57.82
Miles Track Owned
453 10
453 33
475 34
628 74
710.22
787.46
Miles Steel Rail . .
385 44
402 93
442 65
573 50
666 52
775 48
Locomotives
72
72
76
68
78
80
Passenger Train Cars
47
49
49
57
65
64
Freight Train Cars
2,392
2,286
2,424
3.084
3,169
3,139
Common Stock
$
6,000,000
$
6 000 000
$
6000 000
$
6,000,000
S
6,000,000
6,000,000
Preferred Stock
6,500,000
6,500,000
6,500,000
4,000,000
4,000,000
4,000,000
Funded Debt
10,000,000
10000 000
10000 000
17,800,000
17,800,000
18,151,000
Current Liabilities
357,894
310,281
512,100
899,531
671,688
704,095
Profit and Loss
105,832
173,069
306,702
470,567
595,192
1,072,793
Total Liabilities
22,963 726
22,983,350
23 318,802
29,170,098
29,066,880
29,927,888
Cost of Property
22005860
21,983 705
22 124 186
28,030,642
27,852,080
28,334,258
Securities Owned
360,500
628.500
629,000
571,000
567.000
920,000
Current Assets
568 398
330 349
538 622
541,077
614,283
639,888
Deferred Assets
28,968
40 796
26 994
27,379
33.517
33,742
Total Assets
22,963726
22,983,350
23,318,802
29,170,098
29,066,880
89,927,888
9. Funded Debt. — The details of funded debt outstanding on June 30, 1901, and of the annual
interest charge thereon, are shown by the following statement (additional particulars will be found in the
Ready Reference Bond List — see General Index):
Amount. Inter'st.
$ $
1st gold 6s of April 1, 1921 1,382,000
1st con. gold 5s of 1934 5,282,000 264. UK)
1st & ref. gold 4s of March 1, 1949. ... 8,151,000 326,040
Total... ...18,151,000 906.580
Amount. Inter'st.
$ $
1st gold 7s of Jan. 1, 1907 280,000 19,600
1 st gold 7s of Jan 1, 1907 455,000 31,850
1st gold 7s of Junel, 1927 950,000 66,500
1st gold 7s of June 1, 1909 1,015,000 71,050
1st gold 7s of Dec. 1, 1910 636,000 44,520
BONDS OF 1907.— The $280,000 issue is secured by first mortgage on the line from Minneapolis to White
Bear, Minn., 15 miles. The bonds were issued by the Minneapolis and Duluth RR. Co., and were assumed
by the M. & St. L. RR. Co. in the consolidation of May, 1881. On Nov. 1, 1901, they were assumed
by, and the line they cover was deeded to the Northern Pacific Ry. Co. The $455,000 issue is secured by first
mortgage on the line from Minneapolis to Merriam Junction, Minn., 27 miles, at the rate of $20,500
per mile.
BONDS OP 1927. — Secured by first mortgage on the line from Merriam Junction to Albert Lea. Minn.,
81 miles. The total issue amounts to $1,100,000, but bonds amounting to $150,000, secured by first
mortgage on the line from Albert Lea to the Iowa State Line, are assumed by the Burlington, Cedar
Rapids and Northern Ry. Co., under the terms of lease outlined in Sec. 2.
BONDS OP 1909. — Secured by first mortgage on the Iowa Extension, from Albert Lea, Minn., to Fort
Dodge. la., 102 miles, at the rate of $10,000 per mile.
Railroad Map of Montana, Wyoming and Idaho.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
- '
^'fljp-^T^
ty
MONTANA, WYOMING AND IDAHO.
Railroad Map of Montana, Wyoming and^Idaho.
Twenty-Two Years of Protection
(SEPTEMBER, 1888.)
By HENRY V. POOR.
Pp. 222. 8vo. Paper. Price, 50 cents.
PREFACE.
The financial history of the United States naturally divides
itself into three periods : The first, the Period of Construction—
the work of the Fathers ; the second the Period of the attempted
Destruction of this work ; the third, of its Restoration. The first
period, of 40 years, extends from the formation of the Govern-
ment in 1Y89 to the close of the administration pf John Quincy
Adams in 1829 ; the second period, of 36 years, extends from the
beginning of General Jackson's administration in 1829 to the
restoration of peace in 1865 ; the third period of 22 years, extends
to the end of 1887; for although the election of Mr. Cleveland
nominally put an end to the period of Restoration, he so far has been
unable to undo its distinctive feature — a return to the Protective
policy of the Fathers. The object of this work is to display the
Period of Restoration; hence its title, — "Twenty-Two Years of
Protection." To a proper understanding of this period, a com-
petent knowledge of the events of the two preceding periods, as
well as of the Colonial Period, is a necessary condition.
PRICE, , . ; . . . FIFTY CENTS.
Sent to any address on receipt of the price.
Published and for sale by
H. V. & H. W. POOR,
Publishers of "Poor's Manual of Railroads,"
44 Broad Street, New York City.
Or, may be ordered through any bookseller.
POOR'S MANUAL OF RAILROADS. 545
BONDS OP 1910.— Secured by first mortgage on the Southwestern Extension, from Fort Dodge to Angus,
la., 53 miles, at the rate of $12,000 per mile.
Hoxns OF 1921.— Secured by first mortgage on the Pacific Extension, from Hopkins to Morton, Minn.,
miles, at the rate of $15,000 per mile.
CONSOL. MTGE. GOLD BONDS. — Secured on the entire property owned by the company on June 30,
1898 (see Manual for 1899, page 640), but subject in lien to the six underlying issues of 1st mtge. bonds
secured as shown in the preceding paragraphs. The total amount originally authorized was $10,000,000, but
the bonds reserved for the retirement of the $4,718,000 of underlying bonds have been cancelled. There were
only $5,000,000 of these bonds actually outstanding, on June 30, 1901, $282,000 of the amount listed above
being held in the company's treasury. In addition to the railway mileage they cover, the bonds are secured
on stock ($8,000) and bonds ($95,000) of the Minnesota Transfer Ry. Co. and one-half interest in the Lake
Park Hotel, Hennepin County, Minn.
FIKST AND REFUNDING MTGE. GOLD BONDS.— Secured by first mortgage on the lines from Morton to
Watcrtown Junction, Minn., 122.53 miles, and from Winthrop, Minn., to Storm Lake, la., 153.50 miles, and by
a p'Tural mortgage on the rest of the company's property. The authorized issue is $25,000,000, of which
bunds amounting to $10,000,000 are reserved for the retirement of prior liens and $6,849,000 for future acquisi-
tions. There were only $7,600,000 of the bonds actually outstanding on June 30, 1901, $551,000 of the amount
shown in the table of funded debt being held in the treasury of the company. The bonds reserved for
future acquisitions are to be issued under proper restrictions contained in the mortgage.
10. Directors (elected Oct. 1, 1901).— Edwin Hawley, John E. Searles, F. H. Davis,
Wm. Strauss, Edwin Langdon, F. E. Palmer, L. C. Weir, Geo. Crocker, New York, N. Y.;
L. F, Day, Minneapolis, Minn.
EDWIN HAWLEY, President New York, N. Y.
L. F. Day, Vice-President and General Manager Minneapolis, Minn.
Treasurer— F. H. Davis New York, N. Y. | Sec. & Asst. Treas.—Sos. Gaskell . . .Minneapolis, Minn.
Auditor— Frank Nay Minneapolis, Minn.
PRINCIPAL OFFICE AND ADDRESS Minneapolis, Minn.
Eastern Office 25 Broad Street, New York, N. Y.
NORTHERN PACIFIC RAILWAY COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Betterment and Enlargement
Funds 11
Burlington Purchase 2
Capital Stock 6
Chic., Burl. AQnincy Joint Bonds. 8
Directors and Officers 16
Dnluth Transfer Ry 2
Earnings, Expenses, etc., 1901 ... 4
Earnings, Expem.,etc., 1897-1901. 14
Funded Debt, Details of 7
Gen. Balance Sheet, June 30, 1901. 5
Gen. Balance Sheet, 1897-1901 ... 14
Income Account, June 30, 1901 . . 4
History 2
Income Account, 1897-1901 14
Interest on Bonds 4a
Land Department 13
Lines Leased to Prov. Manitoba. 2
Leased Line, Statement of 15
Mileage of System 1
Mileage Owned, 1897-1901 14
Minneapolis & Duluth Bonds 9
Northern Pacific Estate, June 30,
1901 10
Operations, Income, etc., 1897-
1901 14
Rolling Stock, Schedule of 3
Rolling Stock, 1897-1901 14
Terminal and Trackage Rights.. Ib
Treasury Securities 12
Union Depot & Transfer Ry.,
Stillwater ' . 2
Wash burn, Bayfleld & I. Riv. RR. 2
1. Mileage of the System, June 30, 1901. — A. LINES OWNED OR CONTROLLED ABSOLUTELY.
Main Line (total, 2,998.71 miles).
Main Stem : Ashland, Wis., to Portland, Ore 2,133.40 miles.
South Superior Line : South Superior, Wis., to Dulutli Jc., Minn 7.71 "
Walbridge Line : Walbridge, Wis. , to Main Stem, Minn. 3.40 "
St. Paul Line : St. Paul to Staples, Minn 139.78 "
Brainerd Cut-off : Little Falls to Brainerd, Minn 32.91 "
Line " A," St. Paul, Minn.: General Office to Mississippi Street 1.53
Lino "A," South Minneapolis, Minn.: St. Anthony's Park to 20th Ave 2.57
Soo Line Connection: Terminal Yard to North Town Jc., Minneapolis, Minn. 3.42
Duluth Short Line : St. Paul to Duluth, Minn 152.00
Duluth Union Depot : In Duluth, Minn 0.25
>Red River and Winnipeg Line : Winnipeg Jc., Minn., to Winnipeg1, Man 257.63
Butte Line : Logan to Garrison, Mont 124.19
Main Line in Tacoma, Wash.: Twenty-third Street Line 1.95
Seattle Line : Auburn to Belt Line Junction, Wash 12.02
Seattle and International Line : Seattle to Sumas, Wash 125.95
Branches (total, 2,364.70 ..iiles).
Fond du Lac : West End Junction to Fond du Lac, Minn 8.58
West Superior : Junction, Minn., to West Superior, Wis 3.44
Orantsburg : Rush City to Grantsburg, Minn 17.00
Cloquet : Carlton to Cloquet, Minn 6.50
Miller : Miller to Quarries, Minn 4.30
Taylor's Falls : Wyoming to Taylor's Falls, Minn 20. 50
Stillwater : White Bear to Still water, Minn 12.58
Little Falls and Dakota : Little Falls' to Morris, Minn 87.94
Fergus Fall* : Wadena Junction, Minn. , to Oakes, N. D 149.50
Red Lake Falls : Fertile to Carthage, Minn 55.25
(.Continued on next page.)
35
546 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
Brought forward ................................................. 365.59 miles.
Keystone : Key West to Sherack, Minn .................................... 6.01
Fairview : Fairview Junction to Bayne, N. D .............................. 13.79
Fargo and Southwestern : Fargo Junction to Edgeley, N. D ................. 108.71
Casselton : Casselton to Marion, N. D ......................... ........... 60.18
Cooperstown : McHenry to Cooperstown, N. D ............................. 62.88
James River: Jamestown to La Moure, N. D. . . . .......................... 48.55
Oakes : Valley Junction to Oakes, N. D .................................... 15.20
Devil's Lake : Jamestown to Leeds, N. D .................................. 107. 65
Sykeston : Carrington to Bowdon, N. D .................................... 28.00
•>* Brandon : Morris to Brandon, Man ................................... . . 145.24
* Hope Farm : Main line to Hope Farm .................................... 2.86
-* Fair Ground : Main line in Brandon to Fair Ground ...................... 0.84
- * Souris River : Belmont to Hartney, Man ............................... 50.94
'* Portage la Prairie : Portage Junction to Beaver, Man ..................... 72.54
-* Lake : Portage la Prairie to Delta, Man .................................. 15.05
<* Winnipeg Transfer Ry. : Winnipeg, Man ................................ 1.24
Rocky Fork : Laurel to Red Lodge, Mont .................................. 44.37
Clark's Fork : Rock vale to Bridger, Mont .................................. 19.44
Park : Livingston to Cinnabar, Mont ..................................... 51.45
Cokedale : Cokedale to Coal Spurs, Mont .................................. 3.62
Red Bluff: Sappington to Norris, Mont ................................... 20.90
Pony : Harrison to Pony, Mont .......................................... 7.09
Anaconda : Stuart to Anaconda, Mont .................................... 8.99
•D 7^a $ Prickly Bear June, to Jefferson, Mont. ) 0,1 »A
'der • I Amazon to Calvin, Mont ............. \ ........................
Wickes : Jefferson to Wickes, Mont. ..................................... 5.12
Switchback at Wickes : Wickes Brancli to Montana Central Ry ............... 0.71
Elkhorn : Boulder to Elkhorn, Mont ............................... ...... 20.12
Red Mountain : Helena to Rimini, Mont .................................. 16.52
Marysville : Clough Junction to Marysville, Mont .......................... 12.58
Phillipsburg : Drummond to Rumsey, Mont ............................... 32.12
Bitter Root : Missoula to Charlos, Mont .................................... 56.41
„ , ,, >7 ( De Smet. Mont., to Wardner, Id .......................... 128.37
CvurdAlene: jf Wailace to wkrdner, Id. ... ............................ 11.17
Burke : Wallace to Burke, Id ............................................. 6.86
Sunset : Wallace to Custer, Id ........................................ .... 5.36
Fort Sherman : Hauser Junction to Coeur d'Alene, Id ....................... 13.65
Palouse and Lewiston : Marshall Junction, Wash., to Lewiston, Id .......... 138.73
Genesee : Pullman Junction, Wash., to Genesee, Id ...................... 27.52
Clearwater Short Line : Potlatch to Kooskia, Id ............................ 62.84
Lapwai : North Lapwai to Culdesac, Id .................................... 11.96
Farmington : Belmont to Farmington, Wash ............................... 5.94
c™z.,,v ,-»,? vaf.*tja • J Spokane to connection G. N. Ry., Wash ............. 4.19
Spokane and Seattle . -j f Medical Lake to Davenport.f Wash ................. 16 28
Washington Central : Cheney to Coulee City, Wash. .f ...................... 109.34
Roslyn ': Clealum to Roslyn Mines, Wash .................................. 5.41
Buckley Line : Palmer June, to Meeker June., Wash ...................... 33.56
Green River : Palmer to Trackend, Wash ................................. 9.76
Burnett : Burnett to Pittsburg, Wash ..................................... 3.73
Wilkeson : Cascade to Wilkeson and Fairfax, Wash ........................ 16.75
Crocker : Crocker to Douty, Wash ............................. ' .......... 5.29
Orting : Orting to Puyallup River, Wash .................................. 7.64
Snoqualmie : Wooden ville Junction to Sallal Prairie, Wash ................ 37.51
Everett : Snohomish, to Everett, Wash .................................... 11.44
f Lake Washington : Belt Line Junction to Lake Washington, Wash ......... 11.28
Olympia : Lake View to Oentralia, Wash ..... ............................ 56.43
Gray's Harbor : Gate City to Ocosta, Wash .............................. 53.29
Elma : Elina to Summit, Wash ........................................... 9.99
Aberdeen : Aberdeen Junction to Hoquiam, Wash ..................... ____ 6.84
Cosmopilis : Cosmopolis Junction to Cosmopolis, Wash ..................... 1.81
South Bend : Chehalis to South Bend, Wash ............................... 56.68 '
Arlington : Arlington to Darrington, Wash ............... . ................ 27.76 '
Total length of Northern Pacific Ry. and Proprietary Lines .............. 5,363.41 miles.
(.Continued on next page.)
POOR'S MANUAL — NORTHERN PACIFIC RY. CO.
547
Brought forward 5,363.41 miles.
Deduct mileage owned, but not operated by N. P. Ry. Co.
Leased to Prov- ( Manitoba section of Red Riv. & Winnipeg Line. 65.94m.
ince of Manitoba: /Branches designated thus (*). 288.71 m.
Leased to B., A. & P. Ry. Co. : Anaconda Branch 8.99 m.
Leased to Great Northern Ry. Co. : Section of Spokane & Seattle Ry. ,
near Spokane 4.19 m.
Not in operation : Lines designated thus (f) 38.73 m. — 406.56 "
Mileage of N. P. Ry. operated by N. P. Ry. Co 4,956.85 miles.
B. OWNED JOINTLY WITH OTHER COMPANIES (total, 11.76 miles).
St. Paul Union Depot : At St. Paul, Minn 0.56 miles.
Seattle Line : Junction to Seattle, Wash, (jointly with C. & P. S. Ry. Co.) 10.28 "
Northern Pacific Terminal : At Portland, Ore , 0.92 "
C. LEASED OR OPERATED UNDER TRACKAGE CONTRACTS (total, 20.52 miles).
Chicago, St. Paul, Minneapolis and Omaha Ry.: At Ashland, Wis 0 33 miles.
Chicago, Milwaukee and St. Paul Ry.: At Minneapolis, Minn 0.57 "
TUT ~>»Ta „ /i at r™ •„ z?z? i White rBear to Minneapolis, Minn 13.19 "
Minneapolis and St. Louis RR.: j At MinneapoliS) Minn> .*" J 1M ,.
Montana Central Ry. : Wickes to Amazon, Mont 4.81 "
D. CONTROLLED, BUT OPERATED AS SEPARATE ORGANIZATIONS (total, 253.47 miles).
Washington and Columbia River Ry. (see separate statement, subjoined) 162.73 miles.
Minnesota and International Ry.: Brainerd to Bemidji, Minn 90.74 "
Total operated mileage of Northern Pacific System, June 30, 1901 5,242.60 miles.
la. Statement showing the track mileage of the system on June 30, 1901 :
Main
Track.
Second
Track.
Spurs.
Yard
Track and
Sidings.
Total
Track.
Northern Pacific Ry.:
Operated by N. P. Ry. Co
Leased to Other Companies
Not in Operation
Leased Tracks :
Operated Jointly with Other Companies
Controlled Roads, Operated Separately
Miles.
4,956.85
367.83
Miles.
59.44
38.73
20.52
11.76
253.47
1.38
0.67
Miles.
233.00
3.54
2.44
5 04
23.18
Miles.
941.53
149.35
3.02
7.27
87.09
30.76
Miles.
6,190.82
520.72
44.19
29.17
104.56
307.41
Totals.
5,649.16
61.43
267.20
1,219.02
7,196.87
Gauge, 4 ft. 8| in. Rail— iron, 56 Ibs.; steel, 35 to 80 Ibs.
Ib. The following is a detailed statement of terminal and trackage rights, June 30, 1901 :
NAME OF OWNER.
Location of Property.
Main
Track.
Second
Track.
Spurs.
Yard
Track
and
Sidings.
Ownership or
Terms of
Occupancy.
Minn. & St. Louis Ry. Co
Montana Central Ry. Co
C., M. & St. P. Ry. Co
C., St. P., M. & O. Ry. Co
St. Paul Union Depot Co
Minnesota Transfer Ry. Co
Duluth Union Depot Co
Lake Sup. Term. & Transf . Ry. Co. .
Winnipeg Transfer Ry. Co., Ltd
Nor. Pac. Term. Co. of Ore. . .
At Minneapolis, Minn. . . .
Wickes to Amazon, Mont
Minneapolis Terminals...
Ashland Terminals
St. Paul Terminals
Miles.
1.62
4.81
0.57
0.33
Miles.
1.38
Miles.
Terminals.
Duluth Terminals
Superior Terminals ,
Winnipeg Terminals
Portland Terminals. . .
0.56
'6125'
1.24
0.92
0.76
5.15
50.00
2.33
15.70
0.64
16.24
Under lease.
Under lease.
Under lease.
Under lease.
{ interest.
; interest,
wned.
3 interest.
Owned.
40 p. c. int.
Totals... , 10.30
1.38
0.76
90.06
In the main statement of mileage, as well as in the summary of track mileage, the above
mileage is distributed between mileage owned, mileage leased, and joint mileage.
648 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
In addition to its railway lines the company operates two steamers on Coeur d'Alene
River ; one steamer on the Columbia River, between Kalama and Ooble ; and one steamer
on the Clearwater River. The operation of a steamer on Co3ur d'Alene Lake has been dis-
continued.
2. History.— Reorganization, in July, 1896, of the Northern Pacific RR. Co. The plan
of reorganization is outlined in the MANUAL for 1896, on page 690 et ae.q. , and a sketch of the
history of the system down to June 30, 1901, is in the MANUAL for 1901, on page 581 et seq.
During the year ending June 30, 1901, the following branches and extensions were completed
and put in operation : Palmer Cut-off, from Palmer to Auburn, Wash., 21.76 miles ; Suiif-et
Branch, from Wallace to Custer Concentrator, Id., 5.36 miles ; extension of Fergus Falls
Branch, from Milnor to Oakes, N. D., 32.45 miles; extension of Lake Branch, Portage and
Northwestern Ry., from Oakland to Delta, Man., 5.84 miles ; Casselton Branch, from Cassel-
ton to Marion, N. D., 60.18 miles ; Arlington Branch, from Arlington to Darrington, Wash.,
27.76 miles; extension of Souris River Branch, from Trackend to Hartney, Man., 4.44 miles;
and Fairfax Branch, from Carbonado to Fairfax, Wash., 7.05 miles — total, 164.84 miles.
The construction of the following additional lines.was authorized, and they were expected to
be completed during the year ending June 80, 1902 : Extension of Sykeston Branch, from
Bowdon to Howe, N. D., 26 miles; extension of Green River Branch, from end of present
line, 5. 08 miles; Peninsular Branch, from Hoquiam to south boundary of Quinaiult Indian
Reservation, Wash., 27.9 miles ; Ruby Valley Extension, from Twin Bridges to mouth of
Alder Gulch, Mont., 19.5 miles; extension of Oberon Branch, from Oberon, N. D., north-
westerly, 28.5 miles — total, 106.98 miles. All of this construction is from funds provided
under the terms of the prior lien mortgage, and the lines become a part of the estate of this
company, subject to that mortgage.
Lines Leased to Manitoba Government. — The company's railroad lines and property
•within the Province of Manitoba are leased to the Manitoba Government, for 999 years from
June 1, 1901, at a rental of $210,000 a year for the first ten years, $225,000 a year for the
second ten years, $275,000 a year for the third ten years, and $300,000 a year thereafter, the
lessee having the option to purchase tho property at any time for $7,000,000.
Burlington Purchase. — Effective July 1, 1901, this company and the Great Northern Ry.
Co., jointly, acquired the control of the Chicago, Burlington and Quincy RR. Co., by the pur-
chase of approximately 98 per cent, of its capital stock for $200 per share in joint bonds of
the purchasing companies (see MANUAL for 1901, page 584 ; also, Sec. 8 of this statement).
Purchase of Minneapolis and Duluth RR. — The line from White Bear to Minneapolis,
Minn., 13.19 miles, operated on June 30, 1901, under a lease from the Minneapolis and St.
Louis RR. Co., to the St. Paul and Duluth RR. Co., was purchased by this company on Nov.
1, 1901, the consideration being $1 in hand and the assumption of a mortgage securing
$280,000 of 1st mortgage 7 per cent, gold bonds due Jan. 1, 1907.
Leased and Controlled Lines. — The Washington Central RR. (see statement in Sec. 15),
is leased for 999 years from March 1, 1898, all of its capital stock being owned by the Northern
Pacific Ry. Co. The Minnesota and International Ry. and tho Washington and Columbia
River Ry. are controlled by the Northern Pacific Ry. Co., but are operated as separate
organizations. Separate statements for them will be found on page 553.
Recent Acquisitions. — On May 26, 1902, the company purchased the property of the
Duluth Transfer Ry. Co., and on June 16, 1902, it purchased the Washburn, Bayfield and
Iron River RR. The company has also purchased the Union Depot Transfer Ry., at Still-
water, Minn. All three properties have been conveyed by deed to the Northern Pacific Ry.
Co. and now form integral parts of its system. The Duluth Transfer Ry. is situated in
Duluth and New Duluth, Minn., consisting of about 25 miles of track, including tracks so
located as to furnish switching facilities throughout the entire water and river front of
Duluth, and to the principal industries in that vicinity (see MANUAL for 1901, page 603).
The Washburn, Bayfield and Iron River Ry. extends from Washburn, Wis.. to Iron River
35 miles, with 30 miles of branches and spurs (see page 432).
POOR'S MANUAL — NORTHERN PACIFIC RY. CO.
549
3. Rolling Stock, June 30, 1901.— Locomotives, 704; passenger train cars, 622; freight
train cars, 26,704; miscellaneous equipment, 3,059.
Passenger Train Cars.
Sleeping ({ interest in CO) 01
UllKllll-Mi ]1
Diiiinir 25
Buffet and Observation 14
Chair 4
Parlor 2
Fii>t .class Coaches 119
Set oml class Couches 117
Tourist Sleepers 49
Emigrant. Sleepers 9
Combination 45
Haupiire 51
Express 29
Baggage and Express 10
Mu!l anil Express 45
Postal 23
Superintendents' 8
Total .
.622
Freight Train Cars.
Box 14,961
Furniture 548
Kef rigerator 433
Beer 3
Fruit 28
Stock 833
Flat 6,060
Oil 282
Coal 2,781
Milk 2
Ballast and Ore 833
Total 26,704
Miscellaneous Equipment.
Caboose 293
Boarding Can 1 13
Tool Cars 21
Pile Drivers 11
Ballast Dozers 11
Wrecking Cars 16
Steam Shovels 20
Plow Cars 12
Water Cars 18
Cinder Cars 68
Hand and Push Cars 2,194
Velocipedes 209
Rotary Snow Plows 7
Weed Burners 4
Unloaders 4
Sundry (rolling) 24
Steamers and Barges 4
Total 3,059
There is also the following equipment not in service and held for sale : 44 locomotives,
3 old-style steam shovels, and 4 flat cars.
4. General Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures. . $5,249,067 98
Maintenance of Equipment.. .. 2,455,823 11
Conducting Transportation... 8,061,716 65
General Expenses 873,535 83
Earnings— Passenger $7,247,000 22
Frei"ht 23,481,713 13
Mail and Express 1,233,788 51
Miscellaneous 598,481 72
Total (§6,384.33 per mile) $32,560,983 58 Total ($3,262.68 per mile) $16,640,143 57
Net earnings (48.9 p. c.), $15,920,840.01; add dividends and interest, $743,786.90— total,
$16,664,626.91. Payments : Taxes (State and county, $896,123.56 ; revenue stamp tax,
$24,228.44), $920,352; interest on bonds, $6,395,681.25; rental of leased lines, $134,690.12;
dividends (Nos. 13 to 16, on preferred stock, $3,000,000 ; Nos. 6 to 9 on common stock,
$3, 200,000), $6,200,000; appropriation for improvements, etc., $2,011,285— total, $15,562,008.37.
Surplus, $1,002,618.54; surplus forward, $2,504,804.85— total, $3,507,423.39.
4a. Interest on Bonds. — Prior lien bonds (on $89,900,500 for 6 months and on
$94,007,500 for 6 months), $3,678,160; general lien bonds, $1,624,830; St. Paul-Duluth
Division bonds (on $9,215,000 for 5 months, on $8,529,000 for 6 months, and on $8,439,000
forl month), $352,293.33; St. Paul and Northern Pacific bonds, $481,260; Western RR. of
Minn, bonds (on $402,000 for 4 months and on $352,000 for 8 months), $25,806.67; St. P. &
D. RR. 1st mtge. bonds, $50,000; St. P. & D. RR. 2d mtge. bonds, $100,000; St. P. & D. RR.
1st consol. mtge. bonds, $40,000; T. F. & L. S. RR. bonds, $12,600; Duluth Short Line
bonds, $25,000; S. & St. P. RR. bonds, $5,731.25— total, $6,395,681.25.
5. General Balance Sheet, June 30, 1901.
Northern Pacific Estate $283,711,26095
Equipment 19,954,84308
Property Leased to Govt. of Manitoba.. 7,000,000 00
Cash in Hands of Sink. Fd. Trustees. 952,943 74
Collateral for St. P.-Dul. Div. Bonds. 3,217,128 51
Cash on Hand and in Banks (includ-
ing Fund for Continuity of Divi-
dends on Preferred Stock) 10,680,928 35
Accounts Receivable 2,220,08650
Bills Receivable 38,613 54
Materials on Hand 2,651,25290
Treasury Securities (see Sec. 12) 8,493,304 00
Betterment and Enlargement Fund
Assets 5,200,271 38
Insurance Fund Assets 575,086 68
Land Department: Balance of Land
Departments Current Assets 3,749,67545
Total Assets $348,445,395
Capital Stock— Preferred. . .$75,000,000
Common.... 80,000,000— $155,000,000 00
Funded Debt— Issued . . . 159,552,500 00
Assumed . . 13,373,289 28— 172,925,789 28
Pr. Ln. Bds. Available for Cash Fd.,
to be Is'd 5,000,00000
Pay Rolls, Vouchers and Accounts... 4,125,11450
Taxes Accrued on RR. (partly est.).. 579,162 71
Interest on Mtge. Debt— Accrued 520,821 67
Matured 1,034,678 75
Dividends Unpaid — Common No. 9 800,00000
Preferred No. 16. . . 750,000 00
St. P. & D. RR. Co. 2,043 50
Reserve Funds for Improvements, etc.. 347,945 47
Special Reserve Fund for Dividends... 3,000,00000
Insurance Fund . . 575,086 68
Liquidation Fund 277,329 13
Profit and Loss 3,507,423 39
Total Liabilities $348,445,395 08
6. Capital Stock.— The preferred stock was retired on Jan. 1, 1902, with the proceeds from the
sale of $75,000,000 of 4 p. c. convertible certificates, issued under date of Nov. 15, 1901; and these certi-
ficates have been converted into common stock at par, increasing • the outstanding amount of common
550
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
stock to $155,000,000. Shares are for $100 each, registered as to name, and transferable, at the option of the
holder, either in New York, or at the Deutsche Bank, Berlin. No additional mortgage can be placed
upon the property without the consent of a majority of the whole amount of outstanding capital stock,
given at a meeting of the stockholders called for that purpose.
7. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $172,925,789.28, as per
general balance sheet — consisted of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto subjoined to the statement;
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ueady Reference
Bond List — see General Index:
$94,844,500 N. P. Ry. Pr. Lien Gd. 4s of Jan. 1, 1997.
56,000,000 N. P. Ry. Gen. Lien Gd. 3s of Jan. 1, 2047.
. 8,708,000 St. P.-Duluth Div. Gd. 4s of Dec. 1, 1996.
352,000 W. RR. of Minn. 1st 7s of May 1, 1907.
8,021,000 St. P. & N. P. Gen. Gd. 6s of Feb. 1, 1923.
1,000,000 St. P. & D. RR. 1st 5s of Aug. 1, 1931.
$2,000,000 St. P. & D. RR. 2d 5s of Oct. 1, 1917.
1,000,000 St. P.&D. 1st Con. Gd. 4s of June 1, 1908.
2,500 Still. & St. P. 7s of Dec. 1, 1900.
210,000 T. F. & L. S. RR. 6s of Jan. 1, 1914.
500,000 D. Sht. Line 5s of Sept. 1, 1916.
287,789 Car Trust Notes, St. P. & D. RR.
PRIOR LIEN GOLD BONDS. — These bonds are a first lien, either by direct mortgage or through ownership
of the securities, upon the entire property and assets of the company, save those covered by the St. Paul
and Northern Pacific general mortgage, and the St. Paul-Duluth Division mortgage, upon which, subject
to their existing underlying mortgages, they likewise have subsisting liens. The amount authorized is
$130,000,000, the unissued bonds being reserved for the retirement of the Western RR. of Minn., and St.
Paul and Northern Pacific bonds, and to provide for new construction and improvements; the issue for new
construction, etc., not to exceed the amount of $1,500,000 in any one year. The net proceeds of the land
grant are applicable, to the extent of one-half, but not exceeding $500,000 in any one year, to the purchase
of prior lien bonds at the price of not exceeding 110 p. c., and their cancellation, the other
half to be applied, under carefully guarded restrictions, to the extension and improvement of the property
covered by the mortgage.
GENERAL LIEN GOLD BONDS. — These are secured on the same property as the prior lien bonds, but sub-
ject in lien thereto. The general lien mortgage authorizes a present issue of $60,000,000 bonds, besides a
reserve of $130,000,000 to provide for the prior lien bonds on or before their maturity. The $4,000,000
unissued bonds of the present issue are reserved under carefully guarded restrictions, to provide for construc-
tion, betterments, equipment, etc. Whenever prior lien bonds cannot be purchased at 110 p. c. (see
preceding paragraph), the land receipts available for that purpose may be applied to the purchase
of general lien bonds at not exceeding 100 p. c., and their cancellation.
ST. PAUL-DULUTH DIVISION GOLD BONDS. — Secured on the railroad property formerly of the St. Paul
Duluth RR. Co., comprising the Duluth Short Line, the Fond du Lac, West Superior, Grantsburg, Cloquet,
Miller, Taylor's Falls, and Stillwater Branches, the terminals at the head of Lake Superior, and the lease of
the line from White Bear to Minneapolis (title to which was acquired by the N. P. Ry. Co. on Nov. 1, 1901).
They are subject in lien to the bonds and car trust obligations of the St. Paul and Duluth RR. Co. (assumed
by the N. P. Ry. Co., and included in the preceding statement of funded debt), of which there were in all
$0,000,289.28 outstanding on June 30, 1901. The lands included in the land grant of the St. Paul and Duluth
RR. Co. were not included in the old mortgages of that company. The title to such lands has been
directly in the Northwestern Improvement Co., which company issued- therefor $4,000,000 of debentures to the
Northern Pacific Ry. Co. These debentures have been deposited with the Guaranty Trust Co. of Xew York,
trustee under the St. Paul-Duluth Division mortgage, as additional security for the St. Paul-Duluth Division
bonds, under an agreement by which, as the lands are sold, the proceeds are to be applied to the purchase
of the St. Paul-Duluth Division bonds at a price not exceeding 105 and accrued interest, or if the bonds
cannot be purchased at that price, then to betterments or additions to the mortgaged premises. According
as the lands are sold and the proceeds applied as above, a corresponding amount of the deposited debentures
will be cancelled. The amount of bonds authorized by the mortgage is $20,000,000, of which $9,484,000 have
been issued; $776,000 of these have been retired with net proceeds from land sales, and cancelled. Of
the unissued bonds, $5,014,000 are reserved for the retirement of the underlying bonds and car trust
obligations, $502,000 for improvements to existing property, and $5,000,000 for extensions and additional
branches, terminal properties, and to double track existing lines.
WESTERN RR. OF MINN. IST MTGE. BONDS. — These bonds are secured on the section of the St. Paul and
Northern Pacific RR. from Sauk Rapids to Brainerd, Minn., 60.5 m., and on the land grant appertaining to
that line.
ST. PAUL AND NORTHERN PACIFIC GEN. MTGE. GOLD BONDS. — The St. Paul and Northern Pacific gen. mtge.
bonds are subject to the Western Minnesota bonds on the line from Sauk Rapids to Brainerd and on the land
grant, and are a first lien on the rest of the railroad and property formerly of the St. P. & N. P. Ry. Co.
ST. PAUL AND DULUTH IST MTGE. BONDS. — Secured on the main line and branches owned by the St. Paul
and Duluth RR. Co. on June 30, 1898 (see Manual for 1899, page 654), less one-half of mileage owned jointly
with the Northern Pacific Ry. Co., a total of 171.9 miles. Provision is made in the St. Paul-Duluth
Division mortgage of the Northern Pacific Ry. Co. for the retirement of these bonds on or before their
maturity.
ST. PAUL AND DULUTH 2D MTGE. BONDS. — Secured on the same property (171.9 miles) as the 1st mtge.
bonds, but subject in lien thereto. Provision is made in the St. Paul-Duluth Division mortgage of the
Northern Pacific Ry. Co. for the retirement of these bonds on or before their maturity.
ST. PAUL AND DULUTH CONSOL. MTGE. GOLD BONDS. — Secured on the St. Paul-Duluth Division, less one-
half of the line (total length, 23.2 miles) between Carlton and Duluth, a total of 213.3 miles, but subject to
prior liens. Provision is made in the St. Paul-Duluth Division mortgage of the Northern Pacific Ry. Co.
for the retirement of these bonds on or before their maturity.
STILLWATER AND ST. PAUL RR. BONDS. — Secured by first mortgage on the Stillwater Branch, 12.58 miles.
St. Paul-Duluth Division bonds are reserved for the retirement of the $2,500 not presented at maturity.
TAYLOR'S FALLS AND LAKE SUPERIOR RR. BONDS. — Secured by first mortgage on the Taylor's Falls Branch,
20.5 miles. Provision is made in the St. Paul-Duluth Division mortgage of the Northern Pacific Ry. Co.
for the retirement of these bonds on or before their maturity.
DULUTH SHORT LINE RR. BONDS. — Secured by first mortg'age on the line from Thompson, Minn., to
West Superior, Wis., 17.75 miles. Provision is made in the St. Paul-Duluth Division mortgage of the
Northern Pacific Ry. Co. for the retirement of these bonds on or before their maturity.
CAR TRUST NOTES. — These consist of the unpaid balance of car trust notes of the St. Paul and Duluth
RR. Co., as follows: Series A, $47,293.20, being 27 notes of $1,751.60 each, payable monthly; Series B, $206,-
906.28, payable $14,779.02 each, Jan. 1 and July 1; Series C, $33,589.80, paya'ble $2, 239. 32 "each, Dec 15 and
June 15.
8. Chicago, Burlington and <ln incy Joint Bonds.— Under date of July 1, 1901, an inden-
ture was made by this company and the Great Northern Ry. Co., jointly, to secure an issue of not exceeding
POOR'S MANUAL — NORTHERN PACIFIC RY. CO.
551
$222,400,000 of 4 p. c. 20-yr. gold bonds, to be used in acquiring the capital stock of the Chicago, Burlington
arid Quincy KR. Co., at the price of $200 for each $100 share of such stock, and to be secured by the
of 'the sbaii-s thus acquired. There have been issued to date $215,154,400 of bonds and scrip, against
tin. ili'pnsit <>t s!07,577,200 of the capital stock of the Chicago, Burlington and Quincy RR. Co. The
stuck tlms deposited belongs one-half to the Northern Pacific Ry. Co., and one-half to the Great Northern
Hy. ('<>., and the obligation on account of the bonds is apportioned in like manner between the issuing
companies, each one-half. In the event of either company defaulting in its obligations, the company not
in default becomes the sole owner of the deposited shares, and assumes the entire liability on account of the
bonds. The bonds are subject to redemption on any Jan. 1 or July 1, after Jan. 1, 1900, at 105 p. c. and
.1 interest.
1). .Minneapolis and Dulutli Bonds. — In the purchase of the line from White Bear to Minne-
apolis (see Sec. 2) the company assumed $280,000 1st mtge. 7 p. c. gold bonds, due Jan. 1, 1907, interest
payable May 1 and Nov. 1.
1O. Northern Pacific Estate, June 30, 1901.— Balance to debit of account, June 30, 1900,
$6,812,512.94; Seattle and international equipment (transferred to account of equipment), $154,490;
profit and premium on sale and exchange of securities, $157,721.72— total, $10,281,549.09. Net cost of
Northern Pacific Estate, as per general balance sheet, $283,711,260.95.
11. Betterment and Enlargement Funds, June 30, 1901. — Credits: Fund provided by plan
of reorganization, $5,000,000; proceeds of sale of $4,500,000 prior lien bonds, $4,496,250; prior lien bonds
due " Cash Fund " not drawn, $5,000,000; net moneys from land sales, drawn from trustee, $10,290,354.89;
received from U. S. Circuit Court for bonds deposited under foreclosure, $72,864; received from Farmers'
Loan and Trust Co. for $1,000 gen. 2d mtge. bond, $1,100; cash due from trustee, $15,110.90— total, $24,875,-
679.79. Debits: Expended to June 30, 1900, $13,888,029.10; expended year ending June 30, 1901 (for
equipment, $2,794,247.75; for new mileage, $2,402,321.94), $5,196,569.69; securities, Portage and Northwestern
Ry., $103,028.19; purchase of real estate and dock property, $487,781.43; balance unexpended (cash in banks,
$185,160.48; cash in hands Mercantile Trust Co., $15,110.90; prior lien bonds due from trustee, $5,000,000),
$5,200,271.38— total, $24,875,679.79.
12. Treasnry Securities. — Statement of treasury securities, exclusive of the bonds held to
represent the insurance fund:
$837,000 00 Northern Pacific Ry. Co. Prior Lien Bonds, valued at 1878,850 00
1,839,000 00 Northern Pacific Ry. Co. General Lien Bonds, valued at 1,102,486 80
269,000 00 Northern Pacific Ry. Co. St. Paul-Duluth Division Bonds, valued at 269,000 00
9,000 00 Minnesota Transfer Ry. Co. Bonds, valued at 9,000 00
2.775,000 00 Northwestern Improvement Co. Stock, valued at 775,000 00
1,000,000 00 Northwestern Improvement Co. Bonds, valued at 1,000,000 00
3,000,000 00 Washington & Columbia River Ry. Co. Stock, valued at 1 00
2 245,000 00 Washington & Columbia Rivet Ry. Co. Income Bonds, valued at 590,315 25
1,000,000 00 Washington Central Ry. Co. Stock, valued at 1 00
286,000 00 Washington Central Ry. Co. Bonds, valued at 135,420 85
2,134,000 00 Clearwater Short Line Ry. Co. Stock, valued at 2,134,000 00
*303,6C9 51 Montana RK. Co. Notes, valued at 303,669 51
350,000 00 Brainerd & Northern Minnesota Ry. Co. Stock, valued at 157,290 56
762,393 01 Brainerd & Northern Minnesota Ry. Co. Notes, valued at 762,393 01
330,125 02 Minnesota & International Ry. Co. Notes, valued at 330,125 02
31,400 00 Lake Superior Terminal & Transfer Ry. Co. Stock, valued at 1 00
43,750 00 St. Paul Union Depot Co. Stock, Valued at 43,750 00
* 1st mtge. bonds of the Montana RR. Co. to the amount of $1,001,000 are held as collateral to these
notes.
13. Land Department. — To aid in the construction of the road Congress voted to the Northern
Pacific RR. Co. a land grant of 12,800 acres per mile within the States of Wisconsin, Minnesota, and Oregon,
and of 25,600 acres per mile within the Territories of Dakota, Montana, Idaho, and Washington. By the
completion of its main line the company earned approximately 43,000,000 acres, of which, according to
the record of the General Land Office, 24,829,259.26 acres had been patented previous to June 30, 1901.
At the foreclosure sale of the Northern Pacific RR. Co.'s property the lands lying west of the Missouri
River were purchased by the Northern Pacific Ry. Co., the aggregate price paid therefor being $5,605,200. By
the absorption of the St. Paul and Northern Pacific Ry., 141,175.62 acres additional were acquired.
The following statement shows the condition of the land grant on June 30, 1901.
Net Adjust- Approximate
ments and Area Unsold
Corrections. June 80, 1901.
Acres. Acres.
672.70 592.70
325,979.99 103,942.87'
70,912.00 26,829.98
106,025.97
2,599.63 45,012.18
74,394.65 13,041,746.30
52,825.52 1,646,461.41
368,299.93 5,077,340.88
210,089.13 208,209.36
4,999.62 4,999.62
419,610.67 20,261,161.27
LANDS.
Wisconsin
Undisposed
of June 30,
1900.
Acres.
j
Sold During (
Fiscal Year.
Acres.
80.00
xeceivea rrom
Contracts Can-
celled During
Fiscal Year.
Acres.
Minnesota
445,122.29
25,397.60
10,198.17
L. F. & D. Lands
.... 96,420.36
148.35
1,469.97
St. P. AN. P. Land
116,335.28
11,461.71
1,152.40
North Dakota
1,291 875 32 •
1,278,58481
29,122.04
Montana
13,450,816.37
526,567.21
43,102.49
Idaho ,
, .. . 1,679,861.67
88,185.93
1,960.15
Washington
6 213 392 92
789,058.71
21,306.60
Oregon
36,079 36
37,959.13
Arkansas
Totals 23,329,903.57 2,757,443.45
108,311.82
LAND CONTRACTS. — Land contracts on hand, June 30, 1901, amounted to $4,158,663.32, as follows: On
lands covered by the prior lien mortgage of the Northern Pacific Ry. Co. as a first lien, $3,909,804.67;
contracts for sale of lands belonging to the St. Paul and Northern Pacific grant, $115,285.48; contracts for the
sale of lands belonging to the Little Falls and Dakota grant, $133,573.17.
LAND DEPARTMENT BALANCE SHEET, JUNE 30, 1901. — Assets: Contracts for the sale of lands (see preceding
paragraph), $4,158,663.32; accounts receivable, $97,930.77; cash turned over to N. P. Ry. Co., $554,133.52—
562
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
total, $4,810,727.61. Liabilities: Accounts payable, $148,144.56; suspense account, collections not taken t(
account by land agents, $346,662; tax fund, reserved to pay taxes in dispute, all of which is applicable u
operations during several years previous to Sept. 1, 1896, $12,112.08; balance of current assets, of which
as shown contra, $554,133.52 is cash turned over to N. P. Ry. Co., $4,303,808.97— total, $4,8
,810,727.61.
14. Statement of operations and capital accounts for five fiscal periods ending June 30 :
1897
(10 months).
1898
1899
1900
1901
Miles RR. Operated (average). . .
Passenger Train Mileage
Freight Train Mileage
4,367.36
2,599,690
5,269,646
4,362.00
3,295,279
6,115,784
4,579.30
3,768,864
6,595,298
4,714.19
3,549,206
6,05X!M
5,100.14
4,930,530
r,, r.ci i..;i
Mixed Train Mileage
SS8 i')5
Total Rev. Train Mileage. . .
Passengers Carried
7,869,336
1,027,446
9,411,063
1,583,632
10,364,162
1,P27 028
10,491,442
2 342 785
12,1
3 2.*s r^
97,953,459
209,614 677
213 209 799
255 680 585
30M -
Frei"ht (tons) Moved
3,264,143
4,951,183
5,816,639
7,121,655
Freight (ton) Miles
962,487,274
1,618,170,284
1,830,855,264
2,205,317,271
2,440,*;^' i'ii;r>
Earnings Passenger
$
2,850,399
$
4,853,799
s
5 050 356
$
6,219,996
8
7 247 000
Freight
11,085,883
17,432,755
19,485,960
22,140,180
23.481,713
Other
1,005,536
1,393,164
1 512 358
1 661 142
Gross Earnings
14,941,818
23,679,718
26,048,674
30 021 318
32.560983
Operating Expenses
9,155.873
11,095,371
12,349,452
14,394,628
16 640 143
Net Earnings
5,785,945
12,584,347
13 699 222
15 620 i;c<9
15920840
Other Receipts
255 341
887 197
1 001 607
685 521
743 787
Net Income ....
6 041 286
13 471 544
14 700 829
16 312 210
16 664 6°7
Payments — Tates
428 981
682 800
750 133
850 590
920 352
Interest on Bonds. .
Lease Rentals
5,110,248
6,079,160
6,079.233
61,520
5,864,950
112852
6,395,681
134 690
Dividends
3,000,000
4,600,000
5,400,000
6,200.000
Other Charges
12,2-^9
3,811,709
2,176,619
3,000,000
2,011,285
Total Payments
5 551 458
13 573,669
13 667 545
15 228 301
15 662 008
Balance
+ 489 829
— 102,125
+ 1 033284
+ 1 083 819
+ 1,002 619
Gross Earnings per Mile.
4,105 50
5,428 63
5 688 35
6 368 29
6 38433
Operating Expenses. per Mile. . .
Net Earnings per Mile
2,515 71
1 58979
2,543 64
2884 99
. 2,696 80
2 991 55
3,053 47
3 314 82
3,262 68
3 121 65
Expenses to Earnings
61 28 p. c
46 86 p. C.
47 41 p. C
47 99 p C
51 10 p. c
Aver. Rate per Pass, per Mile. . .
Aver. Rate per Ton per Mile . . .
Miles Road Owned
2.80 C.
1.14 C.
4 521.06
2.22 c.
1.06 C.
4,497 97
2.28c.
1.05C.
4 694 12
2.35 c.
0.99 C.
5026 15
2.27 c.
0.94 e.
5 303 41
Miles Track Owned
5,311.21
5,314.66
5 595 47
6 314 53
6 755 73
Locomotives
582
542
570
656
704
Passenger Train Cars
439
439
482
583
622
Freight Train Cars
18,216
18,477
20 583
23 975
26 704
Miscellaneous Equipment
2,079
2,220
2,531
3,017
3,059
Capital Stock
$
155,000,000
$
155,000,000
$
155,000,000
S
155,000,000
8
155,000,000
Funded Debt
161 000,000
162,500,000
162000000
177 183 597
177 925 789
Current Liabilities
3,880,232
5,552,762
6,880,517
8,736,816
8,15!),767
Contingent Liabilities
603,753
4,031.043
4,123,577
4,153,959
3,852,416
Surplus Revenue
489,829
387,703
1 420 986
2 504 805
3 507423
Total Liabilities
320,973,814
327,471,508
329,425,080
347,579,176
348,445,395
Northern Pacific Estate
294,766,831
296,626,459
297,156,570
290,999,678
283,711.261
Equipment
12,924,209
13,202,220
14,930,396
17,163,139
19,954,8*3
Other Capital Assets
195,103
161,174
1,205,275
281,731
11,170,072
Current Assets
13,087.671
17,481,655
16,132,839
39,134,628
33,009,21!)
Total Assets
320,973,814
327,471,508
329,425,080
347,579,176
348,445,395
15. RAILROAD LEASED BY THE NORTHERN PACIFIC RY. Co.
Washing-ton Central RR.— Cheney to Coulee
City, Wash., 109.34 m. ; sundry spurs, 0.37 m. ; total
track (steel; 56 Ihs.), 118.74 miles. Organized March
31, 1898, to take over the property of the Central
Washington RR. Co., sold under foreclosure Jan. 19,
1898. The plan of reorganization was outlined In
the Manual for 1898, page 603. Leased for 999 years
from March 1, 1898, to the Northern Pacific Ry. Co.,
possession of the property being taken by the lessee
on July 1, 1898. Rental, $61,520 a year, being in-
terest on the bonds. Capital stock, $1.000,000;
funded debt (1st gold 4s of Mar. 1, 1948), $1,538.000
—total, $2,538,000. The Northern Pacific Ry. Co. owns
all of the capital stock and $286.000 of the bonds,
leaving $1.525,000 of the latter outstanding in the
hands of the public. Besides the $1.538.000 bonds
already issued, the mortgage provides for the further
issue of similar bonds equally secured for the ac-
quisition of extensions and branches and of equip-
ment therefor, at the rate of $15.000 per mile. The
bonds are secured on the entire property of the ( i-
p:iny. now owned or hereafter acquired. The inter-
est on them is guaranteed by the Northern Pacific
Ry. Co. C. S. Molten. Pros. ; C. A. Clark. Treas.,
St. Paul. Minn.: Geo. H. Earl. Sec., New York, N.
Y. Office, St. Paul, Minn.
POOR'S MANUAL — NORTHERN PACIFIC SYSTEM.
16. Board of Directors, Northern Pacific Ry. Co., as constituted June 1, 1902.
Geo. F. Baker New York, N. Y.
W. P. Clotigh St. Paul, Minn.
E. II. Harriman....New York, N. Y.
Brnytpn Ives "
D. Willis James... "
John S. Kennedy .New York, N. Y.
Daniel S. Lamont.. "
Charles S.Mellen St. Paul, Minn.
Samuel Rea Philadelphia, Pa.
Wm. Rockefeller. .New York, N. Y.
Samuel Spencer. . .New York, N. Y.
Charles Steele "
Jamep Stillman... " "
Eben B. Thomas.. " "
H. McK. Twombly " "
CHARLES S. MELLEN, President St. Paul, Minn.
Daniel S. Laraont, Vice-President New York, N. Y.
J. M. Hannaford, 2d Vice-President St. Paul, Minn.
Sec. A Asst. Treas.—Geo. H. ~E&r\ New York, N. Y. | Treasurer— C. A. Clark St. Paul, Minn.
Comptroller— Henry A. Gray St. Paul, Minn.
PRINCIPAL OFFICE AND ADDRESS St. Paul, Minn.
New York Office. . . .49 Wall St.
NORTHERN PACIFIC? SYSTEM.— Railroads controlled by the Northern Pacific
Ry. Co., but operated as independent organizations.
MINNESOTA AND INTERNATIONAL RY.— Brainerd Shops to Bemidji, Minn., 90.59
m.; total track (steel; 56 Ibs.), 109.33 miles. Gauge, 4 ft. 8i in. Chartered July 16, 1900,
and on July 1, 1901, absorbed the Brainerd and Northern Minnesota Ry. Co. (see MANUAL
for 1901, page 588). Since June 30, 1901, the line has been extended from Bemidji to Black
Duck, Minn., 23.5 miles. A further extension, to the International Boundary at Koochiching,
about 83 miles, is projected. The company uses 1.81 miles of the Northern Pacific Ry., from
Brainerd Shops to Brainerd, Minn. Controlled by the Northern Pacific Ry. Co., through
ownership of 70 p. c. of the capital stock and all the indebtedness. Locomotives, 12. Cars —
passenger, 2; baggage, etc., 2; freight (box, 1; flat, 261; logging, 240), 502; eervice, 8 — total,
514.
Operations, year ending June 30, 1901. — Trains run (passenger, 58,440; freight, 186,406;
other, 10,409), 255,255 miles. Passengers carried, 44,223 ; carried one mile, 1,721,731.
Tons freight moved, 943,602 ; ton-miles, 69,785,399. Earnings (passenger, $57,257.62 ;
freight, $363,685.44; other, $11,422.85), $432,365.91. Operating expenses, $287,692.53. Net
earnings, $144,673.38. Payments: Interest on debt, $48,396.40; taxes, $8,831.59; improve-
ments, $59,540.81— total, $116,768.80. Surplus, $27,904.58; surplus forward, $241,828.92—
total, $269,733.50. Deductions (bad debts charged off, $3,906.34; earnings expended on
construction and equipment, $220,056.19), $223,962.53. Balance, surplus, June 30, 1901,
$45,770.97.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000 ; bills
payable, $762,393.01; earnings invested in construction and equipment, $220,056.19; current
liabilities, $75,325.55; taxes accrued, $4,695.27; profit and loss, $45,770.97— total, $1,608,240.99.
Contra: Cost of road, $1,207,395.51; equipment, $275,053.69; materials, etc., $21,648.15;
cash, $39,100.20; current assets, $65,043.44— total, $1,608,240.99.
Directors (elected June 10, 1902).— E. A. Merrill, E. W. Backus, A. E. Horr, Minne-
apolis, Minn.; J. W. Kendrick, C. S. Mellen, C. W. Bunn, St. Paul, Minn.; W. H. Gemmell,
Brainerd, Minn. OFFICERS: E. A. MERRILL. Pres., Minneapolis, Minn.; W. H. Gemmell,
VicePres. & Gen. Mgr , Brainerd, Minn.; C. A. Clark, Treat., St. Paul, Minn.; W. F.
Brooks, Sec., Minneapolis, Minn.; M. W. Downie, And., Brainerd, Minn. GENERAL OFFICE,
Brainerd, Minn.
WASHINGTON AND COLUMBIA RIVER RY.— Pendleton, Ore., to Dayton, Wash.,
128.41 m. ; Eureka June, to Pleasant View, Wash., 19.73 m. ; Athena to Killian June., Ore.,
14.59 in.— total, 162.73 m. ; total track (steel ; 56 Ibs.), 181.95 miles. The tracks of the North-
ern Pacific Ry. are used from Wallula June, to Pasco June., Wash., a distance of 15 miles,
making the total length of lines operated 177.73 miles. Chartered Aug. 4, 1892, as sue
cessor to the Oregon and Washington Territory BR. Co. (see MANUAL for 1893, page 661).
Controlled by the Northern Pacific Ry. Co. through ownership of the capital stock and
the income bonds. Locomotives, 5. Cars — passenger, 3; baggage, 1; freight (box, 46; flat,
40; tank 4), 90; service, 4— total, 98.
Operations, year ending June 30, 1901. — Trains run (passenger, 150; freight, 21,707;
mixed, 92,326; other, 4,527), 118,710 miles. Passengers carried, 38,242; carried one mile,
1,345,488. Tons freight moved, 228,110 ; ton-miles, 10,054,199. Earnings (passenger,
$46,316.63 • freight, $340,483.31 ; other, $30,376.94), $417,176.63. Operating expenses,
$201,142.55. Net earnings, $216,034.08; other receipts, $2,787.89— total. $218,821.97. Pay-
554
POOR'S MANUAL OF RAILROADS— NORTHWESTERN GROUP.
ments: Interest on bonds, $100,000; taxes, $14,117.22; improvements, $56,266.83— total,
$170,384.05. Surplus, $48,437.92; surplus forward, $17,388.57— total, $65,826.49.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $3,000,000; funded
debt (see below), $4,745,000; current liabilities, $55,374.13; accrued taxes, $9,270.75; repair
funds, $1,760.02; profit and loss, $65,826.49— total, $7,877,231.39. Contra: Cost of road,
$7,716,297.36; equipment, $38,630; materials, etc., $25,058.69; cash, $56,652.06; current
accounts and balances, $39,443.28; other assets, $1,150— total, $7,877,231.39.
Funded Debt.— The funded debt consists of $2,500,000 1st gold 4s of July 1, 1935, and
$2,245,000 income non-cumulative 4s of July 1, 1935. The Northern Pacific Ry. Co. owns
all the income bonds.
Trustees (elected Sept. 19, 1901).— C. S. Mellen, St. Paul, Minn.; D. S. Lament, Edward
A. Gay, G. H. Earl, New York, N. Y.; Joseph McCabe, A. R. Burford, J. L. Sharpstein, F.
W. Paine, Rowland Smith, Walla "Walla, Wash. OFFICERS: C. S. MELLEK, Pres., St. Paul,
Minn.; Joseph McCabe, Vice-Pres., Walla Walla, Wash.; George H. Earl, See., New York,
N. Y. ; J. G. Cutler, Treat., Walla Walla, Wash. GENERAL OFFICE, Walla Walla, Wash.
UNION PACIFIC RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Auxiliary RRs., Statements for. . . 22
Bonds and Stocks Owned 15
Bonds and Stocks Pledged 20
Bonded Debt per Mile, 1893-1901 . 9
Capitalization, Details of 8
Capitalization per M. 1893-1901 . . 9
Capital Stock Owned and Afloat. 14
Capital Stock, Remarks on 18
Change of Line, Wyoming 11
Controlled RRs., Statements for. 23
Directors and Officers 24
Earnings and Expenses 13
Fixed Charges, 1901, Details 13b
Fixed Charges, 1893-1901 10
Floating Equipment, Details 12a
Funded Debt, Details of 19
Funded Debt, Distribution 14
Funded Debt in Treas. and Afloat. 14
Funded Debt, per Mile, 1893-1901. 9
General Balance Sheet 17
History 7
Income Account 13
Income from Investments 13a
Land Assets 22
Land Department 22
Lines Owned, Not Operated 2
Mileage Details, 1898-1901 7
Mileage Leased 3
Mileage Operated, June 30, 1901. 1
Mileage of System, July 1, 1902. . 1
Miscellaneous Properties Owned. 6
Operations and Income 16
Preferred Dividend Rights 18
Proprietary Lines 4
Reorganization, Outline of 7
Rolling Stock. Details of 12
Securities Auth. and Issued. ... 8
Securities Owned 15
Securities Pledged .20
Settlement of Govt. Lien .
Stocks and Bonds Owned 15
Stocks and Bonds Pledged 20
Stock per Mile, 1893-1901 9
Trackage Rights 3
Train Mileage and Traffic 16
U. S. Government Lien 7
Water Lines 5
1. Mileage of the System, June 30, 1901.
Union Pacific RR.: Operated by the U. P. RR. Co 3,
Owned but not operated by the U.P.RR.Co.
Oregon RR. & Nav, Co. : Lines owned absolutely
Prop, lines, controlled absolutely
Held under cont. to purchase (N.P.T.Co.)
Ilwaco Ry.& Nav.Co.(cont.,but oper.sep.)
Oregon Short Line RR.: Operated by O. S. L. RR. Co 1
Owned but not oper. by O. S. L. RR. Co
St. Anthony RR.: (Owned & oper. by O. S. L.
TTtali tt- Pfif 7? Tf • J RR- Co- but statistics not
imti&J.-'ac.HK.. •< included in that company's
Wyo. West. RR. : ( report.
L. K. & West. Ry. (controlled by U. P. RR. Co. but oper. sep.j
LeavenwortJi & Topeka Ry. (owned jointly ; U. Pac.'s i) . . .
033.08 m.
7.04m.— 3,040. 12 miles.
939.58 m.
194.38 in.
2.54 m.
-1,136.50
15.26
438.40 m.
56.59 m.— 1,494.99
37.30 m.
74.52m.
19.02 m.
130.84
165.63
23.29
Total length of lines in the system, June 30, 1901 6,006.63 miles.
Mileage added to the system after June 30, 1901 :
Salmon River RR. (owned and operated by O. S. L. RR. Co.).
85.50
Total length of lines in the system, July 1, 1902 6,092.13 miles.
The Union Pacific RR. Co. practically owns the Oregon RR. and Nav. Co. and the Ore-
gon Short Line RR. Co. The three systems are considered as one in the report of the Union
Pacific RR. Co. The Union Pacific RR. Co. owns the Leavenworth, Kansas and Western Ry.,
and is joint owner (with the Atchison, Topeka and Santa Fe Ry. Co.) of the Leavenworth and
Topeka Ry. Those roads are operated separately by their own organizations, and thoir statis.
tics are not included in the report of the Union Pacific RR. Co.
POOR'S MANUAL — UNION PACIFIC RR. CO.
655
The following is a detailed statement of the mileage operated by the Union Pacific RR.
Co., Oregon Short Line RR. Co., and Oregon RR. and Nav. Co., the results from whose
operation are included in the reports of those companies for the year ending June 30, 1901:
Union Pacific RR.
Miles.
Council Bluffs, la., to Ogden, Utah 1,012.45
nne to Fort Russell, Wyo 2.04
Ogden, I tah, west 5.00
Initial 1'oint Spur, Omaha, Neb 3.95
Valley to Beatrice, Neb 96.72
Valparaiso to Stromsburg, Neb 53.30
Columbus to Norfolk, Neb 50.37
Ik, Neb., to Sioux City, la 74.94
Otuni'e to Albion, Neb 34.54
Ci-iina to Cedar Kapids, Neb 30.55
Grand Island to Ord, Neb 60.77
Scotia Junction to Scotia, Neb 1.37
St. Paul to Loup City, Neb 39.40
Boelus to Pleasanton, Neb 22.06
Kearney to Callaway, Neb 65.79
Allen to Carbon, Neb 6.78
Echo to Park City, Wyo 27.59
Kansas City, Mo., to Denver, Col 639.52
Leavenvvorth to Lawrence, Kan 31.62
Manhattan to Beatrice, Kan 92.29
Blue Springs Jc. to Blue Springs, Kan 0.67
Junction City to Concordia, Kan 70.86
Lawrenceburg to Belleville, Kan 17.15
Solomon to Beloit, Kan 56.89
Salina to McPherson, Kan 35.46
Salina to Oakley, Kan., via Colby 225.35
Jersey, Col., to Cheyenne, Wyo 104.15
La Salle to Julesburg, Col 151.53
Brighton to Boulder, Col 27.00
Total, U. P. RR -. 3,040.12
Deduct mileage not operated:
Cheyenne to Fort Russell, Wyo... 2.04 m.
Ogden, Utah, west 5.00 m. — 7.04
Mileage operated by U. P. RR. Co 3,033.08
Oregon RR. d ~Nav. Co.
Portland to Huntington, Ore 402.66
Albina June, to Albina, Ore 2.13
Heppner June, to Heppner, Ore. 45.40
La Grande to Elgin, Ore 20.89
Umatilla, Ore., to Spokane, Wash 245.50
Wallula to Walla Walla, Wash 30.18
Pendleton, Ore., to Starbuck, Wash 94.36
Miles.
Brought Forward 841.12
Walla Walla to Dudley and Dixey, Wash 13.40
Bolles to Dayton, Wash 13.90
Grange City to Starbuck, Wash 4.03
Starbuck to Pomeroy, Wash 30.00
La Crosse to Washtucna, Wash 30.00
Washtucna to Conncll, Wash, (not in opcr.).. 29.73
Colfax, Wash., to Moscow, Ida 28.56
Winona to Seltice, Wash 47.84
Tekoa, Wash., to Wallace, Ida...: 79.92
Wallace to Mullan, Ida. (not in opcr.) 7.18
Wallace to Burke, Ida 6.67
Fairfield to Waverly, Wash 4.76
Lower to Upper Cascades, Wash, (not in opcr.) 6.00
Total O. RR. & N. Co 1,136.50
Deduct mileage not in operation 42.91
Mileage operated by O. RR. & N. Co 1,093.59
Oregon Short Line RR.
Granger, Wyo., to Huntington, Ore 541.81
Nampa to Boise, Ida 16.42
Boise City Ry. & Term. Co. (leased) 5.56
Shoshone to Ketchum, Ida 70.00
Pocatello, Ida., to Silver Bow, Mont 256.02
Silver Bow to Butte. Mont, (track. N. P. Ry.) 8.69
Butte to Garrison, Mont, (leased toN.P. Ry.) 56.59
McCammon, Ida., to Milford, Utah 369.64
Cache Junction to Preston, Utah 42.35
Syracuse Junction to Syracuse, Utah 5.85
Lehi Junction to Tintic, Utah 53.52
Ironton, Utah, to North. Spy Mine 6.81
Silver City June, to Eureka, Utah 3.24
Mammoth June, to Mammoth, Utah 1.82
Milford to Frisco, Utah 17.53
Salt Lake City to Terminus, Utah 37.32
Saltair Junction to Saltair, Utah 2.42
Total O. S. L. RR 1,495 59
Deduct mileage not operated 56. 59
Mileage operated by 0. S. L. RR. Co 1,439.00
Average mileage operated during year— Uiiion Pacific RR 3,010.85 m.
Oregon Short Line RR. .1,439.00 m.
Oregon RR. & Nav. Co. .1,093.59 m.— 5,543.44 miles.
U. P. RR., 3d track, 74.41 m.; sidings, etc., 913.13 m.; total track U. P. RR., 3,952.72 miles.
Gauge, 4 ft. 8£ in. Rail (mostly steel), 52 to 75 Ibs. The mileage of side and other tracks
of the Oregon Short Line RR. and of the Oregon RR. and Nav. Co. are not reported by the
U. P. RR. Co. (see separate statements in Sec. 23).
2. Lines Owned, but Not Operated. — The Union Pacific RR. Co.'s line from Ogden,
Utah, to a point five miles west is leased to the Central Pacific Ry. Co. The line from
Cheyenne to Fort Russell, "Wyo., 2.04 miles, is operated by the Colorado and Southern Ry.
Co. ; the ownership of it is claimed both by that company and by the Union Pacific RR. Co.
Three of the Oregon RR. and Nav. Co.'s lines, indicated in the mileage statement, are not
in operation. The Oregon Short Line RR. Co.'s line from Butte to Garrison, Mont., 56.59
miles, is leased to and operated by the Northern Pacific Ry. Co.
3. Lines Leased or Operated Under Trackage Contracts. — The Union Pacific's line
from Norfolk, Neb., to Sioux City, la., 74.94 miles, is owned by the Chicago, St. Paul, Min-
neapolis and Omaha Ry. Co., and is operated jointly by that company and the Union Pacific
RR. Co. The Oregon Short Line RR. Co. leases the property of the Boise City Ry. and
Terminal Co., including 5.56 miles of railroad, and has trackage rights in 8.69 miles of the
Northern Pacific Ry., from Silver Bow to Butte, Mont. The Oregon RR. and Nav. Co.
leases, and has contracted, to purchase, 2.54 miles of road owned by the Northern Pacific
556 POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
Terminal Co., from Albina to Albina Junction, Ore., 2.13 miles, and from Willamette
Bridge track to East Portland, Ore., 0.41 miles.
4. Proprietary Lines. — Included in the mileage of the Oregon RR. and Nav. Co. are
194.38 miles of proprietary lines (controlled through the ownership of all their securities), aa
follows : Cascades RR., from Lower Cascades to Upper Cascades, Wash., 6 miles ; Colum-
bia and PalouseRR., from Connell, Wash., to Moscow, Ida., 117.32 miles, and from Colfax to
Farmington, Wash., 27.48 miles; Mill Creek Flume and Manufacturing Co., from Walla Walla
to Dudley and Dixey, Wash., 13.40 miles ; and Walla Walla and Columbia River RR., from
Wallula Junction to Walla Walla, Wash., 30.18 miles, and from Blue Mountain to a point
near Milton, Ore., 5.34 miles. The Oregon RR. and Nav. Co. also controls the Ilwaco
Ry. and Nav. Co., owning a railroad from Ilwaco to Nahcotta, Wash., 15.26 miles, and a line
of steamers plying between Astoria, Ore., and Ilwaco., Wash., but the statistics of that
company are not included in the report of the Oregon RR. and Nav. Co. for the year ending
June 30, 1901. The Oregon Short Line RR. Co. owns all the securities of the St. Anthony
RR. Co., Salmon River RR. Co., Utah and Pacific RR. Co., and Wyoming Western RR. Co.
The St. Anthony RR. extends from Idaho Falls to St. Anthony, Ida., 37.3 miles ; the Salmon
River RR., from Blackfoot to Mackay, Ida., 85.50 miles ; the Utah & Pacific RR., from Mil-
ford, Utah, to Uvada on the Utah-Nevada State Line, 74.52 miles, and the Wyoming West-
ern RR., from Moyer Station to Olencoe and Cumberland, Wyo., 19.02 miles. The mileage
and operations of those lines are not included in the accounts of the Oregon Short Line RK.
Co. for the year ending June 30, 1901.
5. Water Lines. — The Oregon RR. and Nav. Co. operates steamship and steamboat
lines as follows : Ocean Division — Portland, Ore., to San Francisco, Cal., 660 miles. River
Division — Lower Columbia River route, Portland to Astoria, Ore., 98 miles; Willamette River
route, Portland to Dayton and Eugene, Ore., 177 miles ; Snake River route, Riparia, Wash.,
to Lewiston, Ida., 78 miles — total water lines of 0. RR. and Nav. Co., 1,013 miles. The
Ilwaco Ry. and Nav. Co., controlled by the Oregon RR. and Nav. Co., operates two steam-
ers between Astoria, Ore., and Ilwaco., Wash.
6. Miscellaneous Companies and Properties. — Besides the railroad and navigation
companies mentioned in the preceeding sections, the Union Pacific RR. has interests in cer-
tain companies and properties as follows :
Green River Water Works Co.— The property of the company consists of waterworks which
supply water for the use of the railroad and coal properties, and to the towns of Green River and Rock
Springs, Wyo. The Union Pacific RR. Co. owns all the securities of the company.
Rattlesnake Creek Water Co. — The property of the company consists of waterworks, which supply
water for the use of the railroad properties, and to the towns of Carbon and Hanna, Wyo. The Union
Pacific RR. Co. owns all the securities of the company.
Union Pacific Coal Co. — The property of the company consists of extensive coal mines and coal
properties in Colorado, Wyoming, and Utah. The Union Pacific RR. Co. owns all the securities of the
company.
Bozeman Ccal Co. — The property of the company consists of coal mines in Gallatin County, Mont.,
which are under lease. The Union Pacific RR. Co. owns 64 p. c. of the capital stock.
Pacific Express Co. — This company operates an express business upon the lines of the Union
Pacific and other extensive railway systems in the west. The Union Pacific RR. Co. owns two-fifths of
its capital stock.
Occidental and Oriental Steamship Co. — This company operates a line of chartered steamships from
San Francisco to the Pacific Islands and the Orient. The Union Pacific RR. Co. owns one-half of its
capital stock, the other half being held in the interest of Southern Pacific Co.
Other Interests. — The Union Pacific RR. Co. also owns one-third of the stock and 42 p. c. of the
bonds of the Leavenworth Depot and RR. Co., one-half of the stock and one-half of the bonds of the
Ogden Union Depot and RR. Co., 60 p. c. of the stock of the Union Depot and RR. Co. of Denver, all the
stock of the Union Elevator Co. of Omaha, all the stock and all the bonds of the Union Pacific Land Co.,
all the stock of the Union Land Co., one-half of the stock of the Topeka Iron Co., besides sundry other
stocks. (See Sec. 19 for details of stocks and bonds owned.)
7. History. — The Union Pacific RR. Co. was organized on July 1, 1897, under an act of
the Legislature of Utah, approved Jan. 22, 1897. The company was formed for the purpose
of acquiring, constructing and owning railroads in the State of Utah and elsewhere, with
specific authority to acquire the railroads, properties, franchises and land grants formerly
belonging to the Union Pacific Ry. Co.
Outline of Reorganization. — The Union Pacific Ry. Co. (see MANUAL for 1888, page 881)
owned four divisions of railroad, aggregating in length of main track 1,827.59 miles, and
extending from Council Bluffs, la., to a point 5 miles west of Ogden, Utah ; from Kansas
POOR'S MANUAL— UNION PACIFIC RR. CO. 557
City, Mo., to Denver, Col.; from Lawrence to Leavenworth, Kan., and from Denver, Col.,
to Cheyenne, Wyo. It controlled by ownership of capital stock various connecting railroads,
whose aggregate length in 1893 was 6,256.37 miles, of which it operated lines aggregating
5,868.18 miles in length (including 108.46 miles operated under trackage rights), the remain-
ing 388.19 miles of controlled lines, consisting of the Central Branch Union Pacific RR. and
its TWO leased lines, being leased to and operated by the Missouri Pacific Ry. Co. The Union
Pacific Ry. Co. also owned a half interest in lines aggregating 175.42 miles in length. The
total length of the system in 1893 may be said to have been 8,171.67 miles, as follows (see
MANUAL for 1894, page 840, for further details) :
Union Pacific Ry. Proper 1,827.59 miles.
Auxiliary roads operated by U. P. Ry. Co 5,868.18 "
Controlled roads leased to Missouri Pacific Ry. Co 388.19 "
Lines owned jointly with others (U. P.'s |) 87.71 "
In Oct., 1893, receivers were appointed for all lines of the system except those owned
jointly with other companies. Afterwards separate receivers were appointed for some of
the controlled roads, and five of those roads (the Union Pacific, Denver and Gulf Ry., the
Denver, Leadville and Gunnison Ry. , the Fort Worth and Denver City Ry., the St. Joseph
and Grand Island RR., and the Kansas City and Omaha RR.), with an aggregate length of
2,089.65 miles, were segregated from the system. At the date of the receivership there were
outstanding on the lines owned by the company various issues of bonds amounting in the
aggregate to $78,469,785 (see MANUAL for 1894, page 829), besides government subsidy
bonds amounting to $33,539,512, on which there was a balance of unpaid interest to the
amount of $18,193,198— the total funded indebtedness amounting to $130,202,495. The
share capital of the company amounted to $60,868,500. Following the appointment of the
receivers attempts were made in Congress to fund the government's lien at 3 p. c., while on
the part of the security holders an effort was made to formulate a plan for the reorganization
of the company; but both movements being unsuccessful, foreclosure proceedings were
instituted in 1895, under the first and second mortgages (the second mortgage being the
government's lien), and decrees were rendered two years later. Under date of Oct. 15, 1895,
a plan of reorganization was formulated, whose terms were in time assented to by most of
the security holders in interest. An outline of this plan is in the MANUAL for 1896, pages 920
and 921, and additional information relative to the reorganization is in the MANUAL for 1897,
page 788. Briefly, the plan provided for the reorganization of the Union Pacific Ry. proper,
1,827.59 miles, on the basis of $100,000,000 1st mortgage bonds, $75,000,000 preferred stock
and $61,000,000 common stock; the mortgage indebtedness of the company, amounting then
to about $120,000,000, and the $60,868,500 capital stock, which was assessed 15 p. c., being
provided for, but no provision being made for about $20,000,000 of collateral trust notes,
secured for the most part by deposit of the securities owned by the company in its auxiliary
corporations. These notes were foreclosed afterwards, and the collateral sold, the branch
railroads being reorganized independently. The main line of the Union Pacific Ry., from
Council Bluffs to a point 5 miles west of Ogden, 1,048.01 miles, and 70 p. c. of the company's
equipment, were sold under foreclosure in Nov., 1897, the reorganization committee being
the purchaser. In order to procure the funds for the payment of the purchase price the
committee had borrowed from a syndicate $44,000,000 in cash, agreeing that for each $1,000
borrowed there should be returned to the syndicate upon the reorganization of the company
$1,000 in 1st mortgage bonds and $500 in preferred stock, or a total of $44,000,000 in the
1st mortgage bonds and $22,000,000 in the preferred stock of the reorganized company. To
pay for the property, discharge the government's lien on it and the indebtedness to the syndi-
cate, replace the capital stock of the company and the bonds secured by mortgage upon the
property purchased, as well as to provide the company with working capital, there were
issued the entire $61,000,000 of common stock, $59,250,000 of the $75,000,000 preferred
stock, and $63,235,000 of the $100,000,000 1st mortgage bonds. The amounts issued for the
different purposes are shown in Sec. 8. The three other divisions of the railroad, aggre-
gating 779.58 miles in length, together with the Union Pacific and Kansas Pacific land
558 POOR'S MANUAL or RAILROADS — NORTHWESTERN GROUP.
grants, and the remaining 30 p. c. of the company's equipment were sold under foreclosure
on Feb. 16, 1898, to persons in the interest of the reorganization committee. There were
issued in payment therefor, and to replace the mortgage bonds secured thereon, $15,750,000
of preferred stock and $26,765,000 of the 1st mortgage bonds. There then remained
unissued, of the three issuea of securities provided for in the plan of reorganization, only
$10,000,000 of 1st mortgage bonds, which were reserved for betterments and new equipment.
Settlement of Government Lien. — The amount due to the government on the date of the
foreclosure, and which ranked as a second mortgage on the bond-aided parts of the road, was
as follows :
Union Pacific.
Principal of debt. , $27,236,512
Balance of interest paid by United States 30,830^182
Interest accrued but not paid (4 mouths) 381,530— $58 448 224
Credits : Cash in sinking fund 4,537,'921
Bonds in sinking fund, at par \ 13,645,250
Interest due Nov. 1, 1897, on bonds in sinking fund 11,447— 18,194,618
Balance due on Union Pacific indebtedness $40,253,606
Kansas Pacific.
Principal of debt $6,303,000
Balance of interest 6,588,900— 12,891,900
Total amount of indebtedness $53,145,508
Under the terms of the plan of reorganization $35,755,280 of 1st mortgage bonds,
$20,864,400 of preferred stock, and $131,500 of common stock had beeu reserved for the
settlement of this indebtedness. Early in 1897 the reorganization committee had an under-
standing with the government that the minimum bid for the Union Pacific Division (that
embraced in the sale of Nov. 1, 1897), and for the securities and cash in the sinking fund,
should produce the government the net sum of $45,754,060. When the decree of fore-
closure was rendered, however, the government took exception to some of its provisions and
was preparing an appeal when the reorganization committee came forward with an offer to
increase ;ts guaranteed bid to $50,000,000. The amount actually paid by the reorganization
committee, at the sale in Nov., 1897, was as follows: For railroad (1,048.01 miles),
franchises and property, $40,253,606 ; for securities in the sinking fund, $18,645,250— total,
$53,898,856. The cash in the sinking fund was applied against the indebtedness. For the
bond-aided part of the Kansas Pacific Division there was paid at the sale under foreclosure
on Feb. 16, 1898, the sum of $6,303,000, an amount equal to the principal of the indebted-
ness to the United States. The entire cost to the reorganization committee of discharging
the government's liens upon the Union Pacific and Kansas Pacific roads was $60,201,856.
Acquisition of Branch Lines. — The property sold under foreclosure in Nov., 1897. was
taken over by the new company on Feb. 1, 1898, and the properties sold in Feb., 1898,
together with the Brighton and Boulder Branch, were taken over on April 1, 1898. The
length of railroads whose ownership was acquired by the company on these two dates was
1,854.29 miles ; but the section of main line from Ogden to a point 5 miles west being leased
to and operated by the Central Pacific Ry. Co., the length of lines taken over for operation
by the Union Pacific RR. Co. was 1,849.29 miles. The acquisition on Nov. 1, 1898, of the
Kearney and Black Hills Ry. (Kearney Branch), Omaha and Republican Valley Ry. (Beatrice,
Stromsburg, Norfolk, Albion, Ord, Scotia, Loup City, Pleasanton, Manhattan, Blue Springs
and Cedar Rapid Branches), and Union Pacific, Lincoln and Colorado Ry. (Colby Branch),
increased the mileage of the system 773.13 miles ; the purchase of the Julesburg Branch of
the Union Pacific, Denver and Gulf Ry., on Feb. 1, 1899, added 151.53 miles more, and the
absorption, on June 1, 1899, of the Junction City and Fort Kearney Ry. (Junction City
Branch, 88.01 miles) brought the length of lines operated by the company up to 2,861.96
miles. The Carbon Cut-off Ry.. from Allen to Hanna, Wyo., 16.98 miles, and the Echo and
Park City Ry., from Echo to Park City, Utah, 27.59 miles, were acquired on Jan. 1, 1900 ;
the Solomon RR., from Solomon to Beloit, Kan., 56.89 miles, and the Salina and South-
western Ry., from Salina to McPherson, Kan., 35.46 miles, were acquired on Oct. 1, 1900.
These several railroads, aggregating 1,148.59 miles in length, were acquired without the
POOR'S MANUAL — UNION PACIFIC RR. CO.
559
issuing of additional securities, although no provision was made for acquiring them in the
plan of reorganization.
The following statement shows in detail aud by fiscal periods the increase in the operated
mileage of the Union Pacific RR. up to June 30, 1901 :
DESIGNATION or LINE.
OPERATED BY U. P. RR. Co. ON JUNE 30.
WHEN
ACQUIRED.
FORMER
OWNER.
1898
1899
1900
1901
Main Line.... ... .
Miles.
1,043.01
643.55
104.10
31.63
27.00
Miles.
1,033.46
639.52
104.10
31.63
27.00
65.74
96.66
53.30
50.37
34.54
62.14
39.40
22.06
93.02
30.55
225.35
151.53
88.01
Miles.
1,033.46
639.52
104.10
31.63
27.00
65.74
96.66
53.30
50.37
34.54
62.14
39.40
22.06
93.02
30.55
225.35
151.53
88.01
74.94
16.98
27.59
Miles.
1,023.18
639.52
104.15
31.63
27.00
65.79
96.72
53.30
50.37
34.54
62.14
39.40
22.06
92.96
30.55
225.35
151.53
88.01
74.94
Feb. 1, 1898
ApriH, 1898
Nov. 1, 1898
Feb. 1, 1899
June 1, 1899
Oct. 15, 1899
Jan. 1 1900
Oct. 1, 1900
Union Pac. Ry. Co.
Brighton &B. Br.
K.&B.H.Ry. Co.
Om.&R.Vy.Ry. Co.
TJ.P..L. AC.Ry.Co
U.P.,D. &G. Ry.Co.
J. C. & F. K. Ry. Co.
See Section 3
C. C. Ry. Co.
E. & P. C. Ry. Co.
Sol. RR. Co.
S. & S. W. Ry. Co.
Kansas City-Denver Line
Denver-Cheyenne Line
Leaven worth Branch
Boulder Branch
Kearney Branch
Beatrice Branch
Sti'omsburg Branch
Norfolk Branch
Albion Branch. . . .,
Ord Branch and Spur
Loup City Branch
Pleasanton Branch
Manhattan Branch & Spur. . .
Cedar Rapids Branch
Colbv Branch .
Julesbnrg District
Junction City Branch
Sioux City Branch (trackage).
Carbon Cut-off
Park City Branch
27.59
56.89
35.46
Solomon Branch
McPherson Branch
1,849.29
2,848.38
2,967.89
3,033.08
NOTE. — The mileage of main line was reduced in 1898-99 by the transfer of 13.58 miles of spur tracks
to account of sidings (the Initial Point Spur at Omaha, 3.95 miles, was restored to account of main line
in 1900-01), and was further reduced in 1900 and 1901 by the change of line in Wyoming (see Sec. 11).
As a further result of this change of line the Carbon Cut-off has become part of the main line — Wyoming
Division.
Acquisition of Auxiliary Lines. — In Feb., 1899, the Union Pacific RR. Co. acquired more
than 96 per cent, of the $27,460,100 capital stock of the Oregon Short Line RR. Co., issuing
in exchange therefor its own common stock, share for share, and receiving a cash bonus
of $3 on each share exchanged. The Oregon Short Line RR. Co. owned $16,281,400 of the
$24,000,000 common stock of the Oregon RR. and Nav. Co., and it was deposited as collateral
to the $14,841,000 outstanding Oregon Short Line income B bonds. In Oct., 1899, the Union
Pacfic RR. Co. acquired about 98 per cent, of these income B bonds, most of the $7,718,600
common stock and $9,911,000 preferred stock of the Oregon RR. and Nav. Co. outstanding
in the hands of the public, and most of the $7,185,000 income A bonds of the Oregon Short
Line RR. Co., thereby securing the practical ownership of the Oregon Short Line RR. Co.
and of the Oregon RR. and Nav. Co. For the purpose of acquiring these securities the
authorized preferred stock was increased to $100,000,000 and the authorized common stock
to $96,178,700, and there were issued $6,576,000 of the $10,000,000 1st mortgage bonds held
in the treasury. The financial details of these transactions are given in Sec. 8 (which see.)
Interest in Southern Pacific Co. — In Feb., 1901, the Union Pacific RR. Co. acquired $75,-
000,000 of the capital stock of the Southern Pacific Co. (see GENERAL INDEX), and subse-
quently issued, to pay for that stock and for other purposes, $100,000,000 of 1st lien bonds
convertible into common stock at par (see description of these bonds in Sec. 19). To provide
for the conversion of the 1st lien bonds the authorized common stock was increased by an
equal amount, making the total authorized issue $196,178,700.
Interest in Northern Pacific Ry. Co. — In May, 1901, there was acquired in the interest
of the Union Pacific RR. Co., $78,108,000 of the capital stock of the Northern Pacific Ry.
Co. (see GENERAL INDEX), $41,085,000 thereof being preferred stock and $37,023,000 com-
mon stock. The title to this stock was vested in the Oregon Short Line RR. Co., and that
company provided for the purchase by the issue of $61,000,000 of 4 per cent, purchase-
money certificates of indebtedness, which »re held by the Union Pacific RR. Co.
560
POOR'S MANUAL OF RAILROADS— NORTHWESTERN GROUP.
§. Capitalization of Company. — The following statement shows the amounts of stock
and bonds authorized under the plan of reorganization and by votes of the stockholders, and
the amounts issued up to June 30, 1901 :
Preferred
Stock.
Common
Stock.
let Mtge.
4 p. c. Bonds.
1st Lien
Convertible
4 p. c. Gold.
Securities provided to be issued by the New Co. (U.
P. KR. Co.) under the plan of Reorganization of
Oct 15 1895 . .
1
75,000,000
$
61,000,000
S
100,000,000
S
Authorized by the stockholders, Jan. 10, 1890, for the
purpose of acquiring a like amount of the capital
stock of the Oregon Short Line RR. Co. (being the
entire amount outstanding)
27,460,100
Authorized at a special meeting of the stockholders,
Oct. 9, 1899, for the purpose of acquiring the out-
standing preferred stock of the Oregon RR. & Navi-
gation Co. and the collateral trust income 4 p. c.
Bonds of Oregon Short Line RR. Co
85,000,000
Authorized at a special meeting of the stockholders,
Oct. 9, 18!)9, for the purpose of acquiring shares of
the common stock of the Oregon RR. & Navigation
Co., exclusive of such stock owned by the Oregon
Short Line RR. Co. and pledged under its collateral
trnst income B mortgage
7,718,600
Authorized at a special meeting of the stockholders,
March 23, 1901, to be issued only in exchange for
the company's 1st lien convertible 4 p. c. gold bonds
upon the terms specified in the mortgage and deed
of trust. ....
100,000,000
Authorized at meeting of Executive Committee, Board
of Directors, Feb. 5, 1901 ; approved by Board of
Directors, Feb. 20, 1901, and authorized by the
stockholders at special meeting, March 23, 1901
100,000.000
Total Authorized Securities of the Union Pacific
RR. Co., on June 30, 1901
100,000,000
196,178,700
100,000,000
100,000,000
Various Issues and Purposes Thereof :
Issued under Plan of Reorganization and Outstanding
at Consummation of Same :
Payment for Property Acquired (all except $2,000
going to holders of old common of U. P. Ry. Co.).
61,000,000
To Holders of Certificates of Deposit for U. P. 1st
6s, Sinking Fund 8s, and Omaha Bridge Renewal
5s (as per plan) and Purchase Money Certificates.
To Holders of Certificates of Deposit for Stock, As-
sessment Paid
33,784,000
9,130,275
63,235,000
To Syndicate and Bankers under terms of Plan. . . .
6,000,000
Various Reorganization Purposes and to provide
means for acquisition of bonds and stocks of other
Companies (being part of preferred stock reserved,
for corporate uses, and extraordinary requirem'ts)
10,335,725
Redemption of Certificates of Deposit for Kansas
Pacific, East and Middle Div. and Denver Ext. 1st
Mtge. 6s, Kansas Pacific consol. 6s, and various
minor old issues under the terms of the plan
15,750,000
18,765,000
Sold to Provide Fund toward the Acquisition of the
Property by the Reorganization Committee
8,000,000
Total Securities Issued under the Plan of Reor-
ganization
75,000,000
61,000,000
90,000,000
Subsequently Issued :
Issued for Oregon RR. and Navigation Co. preferred
stock, at par
9,584,400
Issued for Oregon Short Line RR. Co. Income B
bonds, at par ....
14,924,500
Issued for Oregon RR. and Navigation Co. common
stock, at par
7,652,7X
Issued for Oregon Short Line RR. Co. stock, at par.
Issued for Union Pacific RR. Co. 4 p. c. convertible
bonds, at par
27,334,300
6,043,000
Issued for Oregon Short Line RR. Series "A" in-
come bonds, bond for bond. ....
6,576.000
Issued for General Corporate Purposes of the Com-
pany .... .... ...
3,424,000
Issued in Accordance with Authorization at Stock-
holders' Meeting, March 23, 1901
*100,000.000
Total Securities Outstanding, June 30, 1901. .
99,508 900
102 030 000
100,000,000
*93,957,000
Securities Authorized but Unissued, June 30, 1901.
491,100
94,148,700
* Total issued, $100,000,000, of which $6,043,000 had been exchanged for the company's common stock,
leaving outstanding, June 30, 1901, $93,957,000. Between June 30, 1901, and July 1. 1902, additional 1st
lien bonds to the amount of $2,005,000 were converted into common stock, leaving outstanding on the
latter date $91,952,000. During the same period outstanding common stock was increased to $104,064,400,
and the outstanding preferred stock to $99,541,400.
POOR'S MANUAL — UNION PACIFIC RB. CO.
561
9. Capitalization of System. — The following statements show the mileage and capi-
talization of the system and the average capitalization per mile on Dec. 31, 1893, and on
June 30, 19Ul, the amounts of stock and bonds held by companies of the system being
shown separately from the amounts thereof afloat :
(a) Amount of stock per mile of the system on Dec. 31, 1893, and on June 30, 1901 :
Koad
Owned.
Stock
Issued.
Average
per Mile.
Held by
Cos. in
System.
Average
per Mile.
Held by
Public.
Average
per
Mile.
U. P. Proper, Dec. 31, 1893. . .
Jure 30, 1901.. .
Miles,
1,827.59
2,965.18
$
60,868,500
201,538,900
$
33,305
67,969
$
177,450
$
97
$
66,691,050
201,538,900
$
33,2C8
67,9ti9
Auxiliary Lines, Dec. 31, 1893
June 30, 1901 ....
Entire System, Dec. 31, 1893
June 30, 1901
5,764.70
2,617.24
7,592.29
5,582.42
120,848,346
62,460,100
181,716,^45
263,999,000
20,964
23,865
23,924
47,291
77,882,584
62,360,256
78,060,034
62,360,256
13,512
23,827
10,281
11,171
42,965,762
99,844
103,656,812
201,638,744
7,452
38
13,643
36,120
(6) Amount of bonds per mile of the system on Dec. 31, 1893, aud on June 30, 1901 :
Road
Owned.
Bonds Out-
standing.
Average
per Mile.
Held by
Cos. in
System.
Average
per Mile.
Held by
Public.
Average
per
Mile.
U. P. Proper, Dec. 31, 1893
Miles.
1,827.59
130,202,495
$
71,243
$
2,578,000
$
1,411
$
127,624,495
$
69,832
June 30, 1901
2,965.18
193,957,000
65,411
445,500
150
193,511,500
65,261
Auxiliary Lines, Dec. <J1, 1893
June 30, 1901 ....
Entire System, Dec. 31, 1893
June 30. 1901...
5,764.70
2,617.24
7,592.29
5,582.42
140,494,772
137,322,800
270,697,267
331,279,800
24,372
52,469
35,654
59,343
44,964,680
82,613,300
47,542,680
83,058,800
7,800
31,565
6,262
14,878
95,530,092
54,709,500
223,154,587
248,221,000
16,572
20,904
29,392
44,465
(c) Total capitalization per mile of the system on Dec. 31, 1893, and on June 30, 1901 :
Road
Owned.
Total of
Stocks and
Bonds.
Average
per Mile.
Stock and
Bonds held
in System.
Average
per Mile.
Stocks
and Bonds
Afloat.
Average
per
Mile.
U. P. Proper, Dec. 31, 1893
Miles.
1,827.59
$
191,070,995
$
104,548
$
2,755,450
$
1,508
S
188,315,545
$
103,040
June 30, 1901 . . .
Auxiliary Lines Dec. 31, 1893.
June 30, 1901. .
Entire System, Dec. 31, 1893. . . .
June 30, 1901 .. .
2,965.18
5,764.70
2,617.24
7,592.29
5,582.42
395,495,900
261,343,118
199,782,900
452,414,113
595,278,800
1:33,380
45,336
76,333
59,578
106,634
445,500
122,847,264
144,973,556
125,602,714
145,419,056
150
21,312
55,392
16,5J3
26,049
395,050,400
138,495,854
54,809,344
326,811,399
449,859,744
133,230
24,024
20,941
43,035
80,585
1O. Fixed Charges. — The annual fixed charge against the net revenue of the Union
Pacific proper on Dec. 31, 1892, including $705,172 of sinking fund requirements and a charge
of $1,358,134 on account of the government lien, was $7,434,893, being at the rate of $4,070
per mile of road. The charge against the net revenue of auxiliary lines was $5,860,523, includ-
ing sinking fund requirements of $388,067; the average charge per mile of road equaling
$1,019. The total annual fixed charge against the net revenue of the whole system amounted
to $13,295,416 absolutely, and $1,754 per mile of road. The total annual fixed charge against
the net revenue of the whole system on Dec. 31, 1893, amounted to $12,896,454, of which
$6,787,199 was chargeable against the net revenue of the Union Pacific proper, and $6,109,-
254 against the net revenue of the auxiliary lines ; the charge on the Union Pacific proper
including $666,182 of sinking fund requirements and $1,218,423 on account of the government
lien, and the charge on the auxiliary lines including $311,350 of sinking fund requirements.
The fixed charges per mile of road amounted to $3,714 for the Union Pacific proper, $1,060
for the auxiliary roads, and $1,699 for the whole system.
The following statement shows the fixed charges per mile of the system on June 30, 1901,
the charges on account of bonds lield by companies of the system being shown separately
from those on account of bonds afloat.
Road
Owned.
Fixed
Charges.
Average
per
Mile.
Charge on
Bonds
held in
the System.
Average
per
Mile.
Charge
on Bonds
Afloat.
Average
Mile.
Union Pacific
Miles.
2,965 18
$
7 758 280
$
2 616
9
17 820
$
6
S
7 740 460
$
2 610
Auxiliary Lines
2,617.24
5,207,062
1,989
2,454 162
938
2 752,900
1 051
Entire Svstem . .
5.582.42
12.965.342
2.323
2.471.982
443
10.492.360
1.880
36
562
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
11. Change of Line. — Early in the history of the company it became apparent that the
necessities of increasing traffic and economical operation required the practical relocation and
reconstruction of the main lino in Wyoming, where the heavy grades and excessive curvature
retarded the movement of trains and increased the cost of operation. Surveys showed that
by changing the Hue at several places between Cheyenne and Evangton thu distance might be
considerably shortened and the ruling maximum grade reduced from 76 fet-t to 43 feet per
mile. Work was begun on March 1, 1899, and was vigorously prosecuted in that and the two
succeeding years, the new line being put in operation as fast as completed. The following
statement gives, in the order in which they occur on the main line, the location and length
of the several changes of line, the reduction in distance, gradients and curvatures effected
thereby, and the date of opening the new line for business :
LOCATION— BETWKEN
Length
of New
Line.
SAVING OVER OLD LINK.
Xcw Line
Opened for
Business.
Distance.
Gradients.
Curvature.
Buford and Laramie
Miles.
29.63
15.34
3.90
25.94
8.15
0.94
42.83
10.64
21.61
Miles.
*0.37
3.11
0.38
12.03
3.87
0.04
1.44
0.45
9.56
ft. per M.
54.38
3.20
9.50
10. «0
32.00
6.90
26.92
23.37
25.30
Deg.
*86
254 .
280
2,790
984
138
705
431
1,371
June 2, 1901
Nov. 29, .1899
Sept. IT, 1900
May 27. 1900
June 10, IfKW
June 5, 1901
Nov. 6, 1900
Oct. 7, 1900
Nov. 1, 1901
Howell and Hutton
Cooper's Lake and Lookout
Lookout and Medicine Bow
Hanna and Dana
Edson and Wolcott
Rawlins and Tipton
Green River and Bryan
Leroy and Bear River
Total, between Cheyenne and Evanston
158.98
30.51
6,867
* Increase.
These changes took the place, and caused the abandonment, of about 198 miles (38 per
cent.) of the old main line between Cheyenne and Ogden, exclusive of the section of the old
line between Allen Junction and Carbon, about 7 miles, which is retained in use as a branch
line to the Carbon coal fields. The Carbon cut-off, from Allen Junction to Hanna, 16.98
miles, was made part of the new line.
12. Rolling Stock, June 30, 1901.— Locomotives (U. P. RR., 551; O. S. L. RR., 175; 0.
RR. & N. Co., 115), 841. Passenger train cars (U. P. RR., 339; O. S. L. RR., 147; O. RR. &
N. Co., 82), 56a Freight train cars (U. P. RR., 14,786; O. S. L. RR., 5,134; O. RR. & N.
Co., 2,546), 22,466. Road and miscellaneous cars (U. P. RR., 1,348; O. S. L. RR., 397; 0. RR.
& N. Co., 414), 2,159. Total cars (U. P. RR., 16,473; O. S. L. RR., 5.678; O. RR. & N. Co.,
3,042), 25,193. The following statement gives the details of passenger and freight car
equipment:
PASSENGER TRAIN
CARS.
U.P.
RR.
O. S. L.RR.
O.
RR.
&N.
Total.
FREIGHT TRAIN CARS.
U.P.
RR.
0. S.L.RR.
O.
RR.
& X.
Total.
Stand-
ard
Gauge.
Nar-
row
Gauge.
Stand-
ard
Gauge.
Nar-
row
Gauge.
Dining
14
6
3
25
••
3
'5
2
33
9
27
'3
23
3
81
17
176
51
166
23
3
25
Caboose . . .
210
7,812
1,282
383
509
2,390
79
982
227
1
74
49
1,696
181
4
231
115
20
847
339
M.S'il
1,6'K)
1,033
5,232
20
3.1>9
12
3
Buffet
Box
Chair .
51
15
Furniture
Composite
Refrigerator
Coaches
104
36
99
33
6
38
6
'2
23
Plat ....
272
2,674
18
53
Combination
Coal ....
Bag., Mail and Exp..
Excursion
Ore
Stock
2,200
723
12
19
Horse and Baggage. .
Service
3
17
5
Caswell Dump ....
Comb. Box and Stock.
3
Totals
Totals
339
116
31
82
568
14,786
4,969
165
2,546
22,468
Since Feb. 1, 1898, the equipment of the Union Pacific RR. has been increased by 24
locomotives, 3,950 freight cars, and 1,170 road and miscellaneous cars. Leaving out of con-
sideration 100 Pullman cars owned by the company on Feb. 1, 1898, but afterwards sold to
the Pullman Company, there has been an increase of 41 in passenger car equipment.
POOR'S MANUAL — UNION PACIFIC RR. CO.
563
12a. Water Line Equipment, 0. RR. & N. Co., June 30, 1901.— Steamships, 8; river
steamers, 10; tugs, 2; barges, 6; wharf boats, 2 — total vessels, 23. Since the Oregon RR. and
Nav. Co. took over the property, Aug. 18, 1896, the number of vessels owned has been
lessened by 2 steamships (sold), 6 river steamers (6 worn out, 2 sold, 1 wrecked, 3 new
pteamers built), and 2 wharf boats (1 sold and 1 worn out), and has been increased by 2
barges (purchased).
13. General Income Account (Three Companies), years ending June 30, 1901 and 1900.
o. RR. & N. Co.
U. P. RR.
O. S. L.
RR.
Railroads. Water Lines.
Earnings— Passenger
Freight
Mail and Express
Miscellaneous
4,410,333.65 1,924,238.18 1,565,918.45 153,207.55
18,462,554.34 7,251,208.34 5,651,030.26 660,939.68
1,743,056.47 456,447.84 300,345.02 5,149.51
856,655.74 41,385.17 25,661.02 30,049.79
Total.
1901
8
8,053,697.83
32,025,732.62
2,504,998.84
953,751.72
Total.
1900
$
7,438,283.98
28,321,015.76
2,416,695.19
971,702.10
Total Earnings 25,472,600.20 9,673,279.53 7,542,954.75 849,346.53 43,538,181.01 39,147,697.33
Expenses— Maint. Way & Struct.
Maint. of Equipment.
Conduct's Transport.
General Expenses
Total Expenses 14,432,423.66 4,382,526.17 3,686,610.27 835,294.08 23,336,854.18 20,195,923.70
3,192,003.37
3,203,329.18
7,362,491.02
674,600.09
1,2*3,530.06
784,068.19
2,184,394.60
180,533.32
980,218.60
476,469.72
2,028,548.70
201,373.25
11,492.67
46,342.49
720,855.70
56,603.22
5,417,244.70
4,510,209.58
12,296,290.02
1,113,109.88
4,016,130.89
4,060,783.23
11,154,615.84
964,393.74
Net Earnings
Deduct Taxes
11,040,176.54 5,290,753.36 3,856,344.47 14,052.45
789,959.90 278,478.65 168,605.86 13,246.48
20,201,326.83
1,250,290.89
18,971,773.63
1,231,622.53
Net Receipts from Operation. 10,250,216.64 5,012,274.71 3,687,738.62 805.97 18,951,035.94 17,720,151.10
Other Income— Dividends on Stocks Owned ....... .................................
Interest on Bonds Owned, including Company Bonds held in Treasury.
Miscellaneous ........................................................
766,581.75
1,430,911.40
1,023,471.91
833,209.45
1,422,383.02
487,926.30
Totals, Net Income .............................................................. 22,172,001.00 20,463,669.87
Deduct Fixed and Other Charges, including Interest on Co. Bonds held in Treasury.
Interest on Oregon Short Line Income " Av' and " B " Bonds ......................
Dividends on Union Pacific Stock ...................................................
Dividends on Oregon RR. and Nav. Co. Stock ......................................
7,621,341.26
952,890.00
7,979,594.00
440,000.00
6,923,191.29
952,890.00
7,303,627.50
440,000.00
Total Deductions from Netlncome ............................................ 16,993,825.26 15,619,708.79
Balance, Surplus, for the Fiscal Year
Balance of Income Accounts from Previous Years
5,178,175.74
12,166,789.77
Total
Less Amount Applied to Betterments, Additions and Equipment.
Balance, Surplus, June 30, 1901
17,344,965.51
1,500,000.00
4,843,961.08
9,322,828.69
14,166,789.77
2,000,000.00
15,844,965.51 12,166,789.77
13a. Income from Investments and Miscellaneous Income, year ending June $0, 1901.
INTEREST ON BONDS OWNED.
Atchison Union Depot & Ry. Co $22500
City of Junction City, Kan 30000
City of Wichita, Kan 2040
Columbia Southern Ry. Co 35,00000
County of Cheyenne, Col 1,834 00
Echo & Park City Ry. Co 4,68428
Green River Water Works Co 12,672 67
Oregon RR. & Nav. Co. Consol. 4s 10,792 00
Oregon Short Line RR. Co:
Consolidated 5s 99,486 10
Income As 334,41619
Income Bs 585,440 00
Utah and Northern 7s 245 00— 1,019,587 29
Rattlesnake Creek Water Co 16,68000
Salina & Southwestern Ry. Co 2,03376
Solomon RR. Co 5,362 00
Sumpter Valley Ry. Co 3,840 00
Union Pacific Coal Co 235,30000
Union Pacific RR. Co 1st 4s 68,63000
Utah & Pacific RR. Co 13,95000
Total $1,430,911 40
DIVIDENDS ON STOCKS OWNED.
Bozeman Coal Co $2,880 00
Lar., No. Pk. & Pac. RR. & Tel. Co 9,97500
Leavenworth Depot & RR. Co 500 00
Oregon RR. & Nav. Co., Preferred 439,94675
Pacific Express Co 364,00000
Short Line Land & Imp. Co 3,00000
Topeka Iron Co 1,20000
Union Depot & Ry. Co., Denver 45,00000
Union Pacific RR. Co. , Common 80 00
Total $766,581 75
MISCELLANEOUS INCOME.
In't. on Deposits and Current Accounts. . 547,783 27
Rentals from Outside Property 59,95982
Oper. of Spokane Union Depot Property. 71,544 28
Premium on O. S. L. Treas. Bonds Sold. 286,169 37
Premium on U. P. Treasury 1st Mtge.
Bonds Sold 52,751 40
Miscellaneous 5,263 77
Total $1,023,471 91
564
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
13b. Fixed Charges for the year ending June 30, 1901.
Union Pacific RR. Co.:
Interest on Bonds.— 1st Mtge. 4 p. c. Gold Bonds $3,990,000 00
1st Lien Conv. 4 p. c. Bonds *626,380 00— $4,616,380 00
Oregon Short Line KR. Co.:
Interest on Bonds.— O. S. L. RR. 5 p. c. Consol. Mtge 616,400 00
O. S. L. Ry. 6 p. c. 1st Mtge 895,860 00
U. & N. Ry. 7 p. c. 1st Mtge 349,510 00
U. & N. Ry. 6 p. c. Consol. Mtge 90,100 00— 1,951,870 00
The Oregon RR. and Navigation Co. :
Interest on Bonds.— Consol. Mtge. 4 p. c 798,752 00
O. Ry. & NT Co. let Mtge. 6 p. c 15,06000— 813,81200
Total Interest on Bonds. $7,382,062 00
Sinking Fund Requirements :
Utah and Northern Ry. Co. Consol. Mtge . 12,013 33
Oregon Ry. & Nav. Co. Consol. 1st Mtge 81,320 00— 93,333 33
Total Fixed Charges $7,475,395 33
* Two months' accrued interest. Against this charge, dividends on Northern Pacific stocks accruing
frcm April 1 to June 30, 1901, amounting to $781,080, have been collected, and will appear in the returns
of the next fiscal year.
14. Distribution of Securities of Union Pacific BR. Co. and Auxiliary Cos., June 30, 901.
Total
Issued.
OWNED BY
Total
Owned by
the Three
Companies.
Balance
Afloat.
Union Pac.
RR. Co.
Oregon Sh't
L. RR. Co.
Oregon RR.
& Nav. Co.
BONDS.
Union Pacific :
1st Mtge Bonds
$
100,000,000
93,957,000
14,931,000
4,993,000
1,802,000
S
445,500
9
$
$
445,500
8
99,554.500
93,957,000
14,876,000
4,992,000
1,802,000
12,328,000
532.500
206,000
19,699,000
274,000
1st Lien Bonds
Oregon Short Line :
O. S. L. Ry. 1st 6s
U. &N.Ry. 1st 7s
U. & N. Ry. Consols
55,000
1,000
55,000
1,000
O S L. RR. Consols
12,328,000
O S L RR Income A
7,185,000
14,841,000
61,000,000
19,968,800
274,000
6,614,000
14,635,000
61,000,000
38,500
6,652,500
14,635,000
61,000,000
269,800
O S L RR Income B
No. Pac. Purch. Money Certs...
Oregon RR. and Navigation .
Consol. Mtge. 4s
O R & N. 1st 6s
269,800
Totals
331,279,800
193,957,000
137,322,800
99,508,900
82,694,500
445,500
82,249,000
94,500
269,800
83,058,800
445,500
82,613,300
248,221,000
193,511,500
54,709,500
99,508,900
102,030,000
16,000
24.734
59,110
Union Pacific Totals
Auxiliary Company Totals
STOCKS.
94,500
269,800
Preferred
Oregon Short Line
102,030,000
27,460,100
11,000,000
24,000,000
' 27,334',766'
9,875,400
7,659,000
109,466'
976,000
16,281,400
'27,444,166
10,975,206
23,940,890
Oregon RR. & Nav.— Common ... .
Preferred
Totals
Union Pacific Totals
122,966
490
263,999,000
201,538,900
62,460,100
44,869,100
17,367,700
123,456
62,360,256
201,638,744
201,538,900
99,344
Auxiliary Company Totals
Grand Totals
44,869,100
17,367,700
123,456
62,360,256
595,278,800
395,495,900
199,782,900
127,563.600
445,500
127,118,100
17,462,200
393,256
145,419,056
445.500
144,973,556
449,859,744
35)5,050,400
54,809,344
Union Pacific RR. Co
Auxiliary Companies
17,462,200
393,256
" Instead of showing holdings of the securities of auxiliary companies as assets, and carry-
ing corresponding amounts as liabilities in separately stated balance sheets, it has been con-
sidered better to adopt the method, now more generally approved and followed, of presenting
a condensed or consolidated balance sheet of the system and eliminating holdings of securities
of companies embraced therein, showing as liabilities only such as are outstanding in the
hands of the public. This will tend to simplify the statements of accounts of the system
POOR'S MANUAL— UNION PACIFIC RB. CO.
565
and obviate duplication of entries. To avoid any material curtailment of statement, the cur-
rent liabilities of the constituent companies are peparately*ytated in the consolidated balance
sheet (Sec. 17), and their investments are separately scheduled in detailed Exhibit (Sec. 15)."
15. Securities owned by Union Pacific RR. Co. and Auxiliary Companies in railroad
and other properties, showing totals issued, amounts owned and balances held by the Public,
June 30, 1901 :
OWNED BY
Total
Owned
RAILROAD BONDS.
Issued.
U. P. RR.
Co.
O. S. L.
RR. Co.
O. RR. &
N. Co.
by the
Three
Cos.
Afloat.
U. P. and Aux. Cos. (see Sec. 14). ...
Columbia Southern Ry. Co. 1st 6s. ..
$
331,279,800
700,000
I
82,694,500
$
94,500
S
269,800
700 000
8
83,058,800
700,000
I
248,221,000
Leavenworth & Topeka Ry. Co. 1st 4s
100,000
50,666
50,000
50,000
Sumpter Valley Ry. Co. 1st 6s
150,000
64,666
64.000
86,000
Utah and Pacific RR. Co. 1st 5s
672,000
672,000
672.000
Miscellaneous Railroad Bonds
3,390,305
305
561,000
2,829 000
3,390,305
Totals
236,292,105
82,744,805
1,391,500
3,798,800
87,935,105
248,357,000
MISCELLANEOUS BONDS.
Atchison UnioniDepot & RR. Co
36,000
4,500
4,500
31,500
Cheyenne County, Col., Judgment 7s
26,200
26,200
26,200
Junction City, Kan., Improvement 6s
5,000
5,000
5,000
Green River Water Works Co
208000
208,000
208,000
Leavenworth Depot & RR. Co
150,000
63,000
63,000
87,000
Ogden Union Ry. & Depot Co
326 000
163,000
163,000
163,000
Rattlesnake Creek Water Co
146 000
146,000
146,000
Union Pacific Coal Co ....
5 000 000
4,706,000
4,706,000
294,000
Union Pacific Land Co
10,000 000
10,000,000
10,000,000
Totals
15,897,200
15,321,700
15,321,700
575,500
Total Railroad and other Bonds.
RAILROAD STOCKS.
U. P. and Auxiliary Cos. (see Sec. 15)
Boise City Ry. & Terminal Co
352,189,305
263,999,000
22,900
98,066,505
44,869,100
1,391,500
17,367,700
22,900
3,798,800
123,456
103,256,805
62,360,256
22,900
248,932,500
201,638,744
Leavenworth, Kan. & West. Ry. Co.
1,000,000
1,000,000
1,000,000
Northern Pacific Ry. Co., Preferred.
Common. .
New East Tintic Ry. Co
75,000,000
80,000,000
50 000
41,085.000
37,023.000
50,000
41,085,000
37,0*3,000
50,000
33,915,000
42,917,000
St. Anthony RR. Co
40000
40,000
40.000
Southern Pacific Co
197 847 788
75,000,000
75,000,000
122,847,788
Utah, Nevada & California RR. Co
245 000
245,000
245 000
Utah and Pacific RR
825,000
825,000
825,000
Miscellaneous Railroad Stocks..
2000000
2,000,000
2,000,000
Totals
621,029 638
120,869,100
96,658,600
2,123,456
219,651,156
401,378,532
MISCELLANEOUS STOCKS.
Bozeman Coal Co
150 000
96,000
96,000
54,000
Green River Water Works Co. . . .
225 000
225,000
225,000
Leavenworth and Topeka Ry. Co. . . .
50 000
25,000
25,000
25,000
Leavenworth Depot & RR. Co
150000
50,000
50,000
100,000
Occidental & Oriental SS. Co
*300000
150,000
150,000
150,000
Ogden Union Railway and Depot Co
300 000
150,000
150,000
150,000
Pacific Express Co
6 000 000
2,400,000
2,400,000
3,600,000
Short Line Land & Improvement Co
100 000
50,000
50,000
50,000
Rattlesnake Creek Water Co.
78 300
78,300
78,300
Topeka Iron Co
110 000
55,000
55,000
55,000
Union Depot & RR. Co., Denver . .
400 000
240,000
240,000
160,000
Union Depot Co., Kansas City
405 000
45,000
45,000
450,000
Union Elevator Co., Omaha
135000
135,000
135,000
Union Elevator Co., Council Bluffs
282 200
46,700
46,700
235,500
Union Pacific Coal Co
5000 000
5,000,000
5,000,000
Union Land Co
10000
10,000
10,000
Union Pacific Land Co
100,000
100,000
100,000
Union Pacific Water Co
500
500
500
Miscellaneous Stocks, Notes, etc.
866 798
3,047
200,001
866,798
Totals
14 752 798
9,470,250
53,047
200,001
9,723,298
5 029 500
Total Railroad and other Stocks.
635,782,487
130,339,350
96,711,647
2,323,457
229,374,454
406,408,032
Grand Total Bonds and Stocks. .
987,971,791
228,405,854
98,103,147
6,122,257
332,621,259
655,340,632
* $10,000,000 authorized, 3 p. c. paid.
566
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
16. Statement of operations and income of the Union Pacific RR. Co. and auxiliary
companies for two fiscal years ending June 30, 1903 and 1901. The statistics of the Oregon
RR. and Navigation Co.'s water lines are not included for either year :
1900
1901
1900
1901
Passenger Train Mileage
7,805,019
8,662,190
Average Miles Operated
5,431.84
5,548.44
Freight Train Mileage
10,035,445
10,438,746
$
$
Earnings— Passenger
7,264,124
7,900,490
Freight
27,734,151
:',\.M>\.:M
Total Revenue Train Mileage.
17,840,464
19,100,936
Other
3,310,145
3,423,551
Passengers Carried
2,970,112
3,236,683
Total
38,308,420
20 616 841
42,6SH,834
23 738 004
Earnings per Passenger
Pass. Earnings per Mile Road. . . .
$2.44
$1,337.32
$2.44
$1,425.20
Net Earnings
17,691,579
18,950,230
Pass. Earn, per Pass. Train Mile .
Tons Freight Moved
$0.93
8,686,267
$0.91
$9,738,895
Gross Earnings per Mile
7,052 57
7.700 78
Earnings per Ton
$3.19
$3 22
Operating Expenses per Mile
3,795 55
4,282 29
Freight Earn, per Mile Road. . . .
$5.105.85
$5,658.01
Net Earningsper Mile
3,257 02
3,418 49
Freight Earn, per Fgt. Tr. Mile. .
$2.76
$3.00
Expenses to Earnings
55.61 p. C.
55.61 p. c.
Cost of Road and Equipment $351,687,30916
General Investments 141,750,844 33
Sinking Fund and Trust Accounts. . . . 755,735 11
Materials and Supplies 3,184,12354
Land Assets 3,215,672 11
Bal. of Current Assets, O. RR. & N. Co 4,147,569 61
17. Consolidated General Balance Sheet, June 30, 1901.
Capital Stock U. P. RR. (see Sec. 15). .$201,538,900 00
Cap. Stock O. S. L. (see Sec. 15) 16,00000
Pref. Stock, O. RR. & N. Co 24,80000
Common Stock, O. RR. & N. Co K>,<xi7 5<
Funded Debt— U. P. RR. Co 193,957,00000
O. S. L. RR. Co 34,792,50000
O. RR. & N. Co 20,242,8001
Equipment and Improvement Funds. 70,056 53
Bal. of Current Liabilities— U. P. RR.. 6,725,129 84
O. S. L. RR. 23.2o-J.-Jir 88
Land Accounts and Land Income 3,400,73999
Dividends Payable Oct. 1, 1901 4,071,00600
Income Used for Sinking Funds
Income Accounts, Surplus 15,844,965
Total Assets $504,74l7253l!6 Total Liabilities $504,741,253 86
18. Capital Stock — The preferred stock of the Union Pacific RR. Co. has priority over the
common stock for non-cumulative dividends at the rate of 4 p. c. per annum, but is not entitled to any
further share of the net profits of the company. The preferred stock of the Oregon RR. and Nav. Co. is
entitled to non-cumulative dividends at the rate of 4 p. c. per annum in priority to common stock and
is entitled to a pro rata share of any dividends in excess of 4 p. c. on both classes of the capital stock.
In case of the liquidation of the company the holders of the preferred stock of the Oregon RR. and Nav.
Co. shall be entitled to receive the par amount of their stock out of the assets, in priority to the common
stock.
19. Funded Debt.— The funded debt of the Union Pacific RR. Co. and Auxiliary Companies out-
standing on June 30, 1901, consisted of the several issues of bonds listed in the following statement. Ad-
ditional particulars respecting any issue will be found in the paragraph relating to it appended to the
statement, and in Sec. 14, and the details of funded debt outstanding on or about Aug. 1, 1902, will be
found in the Ready Reference Bond List — see General Index:
Union Pacific RR. ($193,957,000):
$100,000,000 1st gold 4s of July 1, 1947.
93,957,000 1st lien conv. gold 4s of May 1, 1911.
Oregon RR. d Nav. Co. ($20,242,800):
$19,968,800 Consol. gold 4s of Jan. 1, 1946.
274,000 O. Ry. & N. 1st gold 6s of July 1, 1909.
Oregon Short Line ($34, 792,500) :
$14,931,000 O. S. L. Ry. 1st gold 6s of Feb. 1, 1922.
4,993,000 U. & N. Ry. 1st 7s of July 1, 1908.
1,802,000 U. & N. Ry. Consol. g. 5s of July 1, 1926.
12,328,000 Consol. 1st gold 5s of July 1, 1946.
532,500 Income " A " 5s of July 1, 1946.
206,000 Income " B " 4s of July 1, 1946.
Bonds of Union Pacific RR. Co.
FIRST MTOE. GOLD BONDS. — The mortgage securing these bonds does not cover the following lines
owned by the U. P. RR. Co.: Branch lines in Nebraska, 454.76 miles; Manhattan, Blue Springs, Junction
City and Colby Branches, in Kansas, 406.38 miles; Julesburg District, in Colorado, 151.53 miles— total,
1,012.67 miles. The mortgage covers the rest of the lines owned by the company, aggregating 1,952.51 miles
in length, and will be secured, either by actual conveyance or by "deposit of securities, upon future acquisi-
tions. The mortgage also covers, either directly or by beneficial ownership, the lands and land assets of
the company, and of the Union Pacific Land Co. (see statement of Land Grant Lands, Sec. 22).
FIRST LIEN CONVERTIBLE GOLD BONDS. — Secured as a direct first lien on 1,014.27 miles of road not
covered by the 1st mtgc. bonds (see preceding paragraph). The mortgage also embraces the following
securities, which have been deposited with the trustee: $75,000,000 capital stock of the Southern Pacific
Co.; $20,334,700 capital stock of the Oregon Short Line RR. Co.; $7,663,500 common stock, and $9,876,200
preferred stock of the Oregon RR. and Nav. Co. ; $1,000,000 capital stock of the Leavenworth, Kansas and
Western Ry. Co., and $4,706,000 1st mtge. gold bonds of the Union Pacific Coal Co. Under the terms of
the mortgage the company has the right to withdraw at any time from the lien and trusts thereof any or all
of the Southern Pacific stock, upon delivering to the trustee in substitution therefor, an amount in any or
either of the following securities equal at par to one-half the par value of the Southern Pacific stock with-
drawn, to wit: Common stock of the Oregon RR. and Navigation Co.; Oregon Short Line Income A and B
bonds, or new bonds which may be issued by the O. S. L. RR. Co., and for "which such A and B bonds may
be exchanged. The company may also withdraw any or all of the pledged securities, nr secure a release of
any or all lines from the lien of the mortgage, upon the payment to the trustee of the fixed valuation of such
securities or properties. The bonds are subject to redemption at 102J p. c. and accrued interest, on any
interest day after May 1, 1906; and until May 1, 1906, they are convertible into common stock, dollar for
dollar. The total amount of bonds issued under the mortgage was $100,000,000, but $6,043,000 thereof
POOR'S MANUAL — UNION PACIFIC RR. CO.
507
were converted into common stock previous to June 30, 1901, and $2,005,000 additional after that date,
leaving $91,952,000 outstanding on June 15, 1902.
Bonds of the Oregon RR. and Navigation Co.
CONSOL. MTGE. GOLD BONDS. — Secured on the entire present and future property of the Oregon RR. and
Nuv. Co., subject only to the lien of the outstanding 1st mtge. bonds of the Oregon Ry. and Nav. Co. (see
next paragraph). The bonds are further secured by deposit with the trustee of the following stocks and
In -.tills: Columbia and Palouse RR. Co. 1st mtge. bonds, $2,829,000; Columbia and Palouse RR. Co. stock,
11,000,000; Walla Walla and Columbia River RR. Co. stock, $600,000; Mill Creek Flume and Mfg. Co. stock,
.$200,000— total, $4,269,000. The amount of bonds authorized by the mortgage is $24,500,000, of which
$-_>l,<>7 0,000 were to be used as provided in the plan of reorganization (see Manual for 1899, page 678), the
rcnutining $2,830,000 to be issued for new construction at not exceeding the rate of $20,000 per mile of
constructed road.
FIRST MTGE. GOLD BONDS, O. RY. & N. Co. — Secured by first mortgage on about 640.17 miles of the
main line of the former O. Ry. & N. Co., on $100,000 capital stock of the Walla Walla and Columbia
River RR. Co., on $300,000 capital stock of the Cascades RR., and on the ships and rolling stock of the
company. The bonds are retired through the operation of a sinking fund of 1 p. c. per annum on the
original amount of $6,000,000, the company being authorized by the plan of reorganization to cover the
amount required for the sinking fund by disposal of consol. mtge. bonds. The outstanding bonds of this
issue were called for redemption on Jan. 1, 1902, and interest ceased to accrue on them on that date.
Bonds of the Oregon Short Line RR. Co.
FIRST MTGE. GOLD BONDS, O. S. L. RY. Co. — Secured by first mortgage on the main line from Granger,
Wyo., to Huntington, Ore., 541.82 miles, and on the branch from Shoshone to Ketchum, Ida., 70 miles;
total, 611.82 miles. The total issue is $14,931,000, but $55,000 bonds are held in the treasury, leaving
$14,876,000 actually outstanding.
FIRST MTGE. BONDS, UTAH AND NORTHERN RY. — Secured by first mortgage on the line from Ogden, Utah,
to Silver Bow Junction, Mont., 390 miles, and on the branch (leased to Northern Pacific Ry. Co.) from
Butte to Garrison, Mont., 56.59 miles. The total issue is $4,993,000, but $1,000 bonds are in the treasury.
CONSOL. MTGE. GOLD BONDS, UTAH AND NORTHERN RY. — Secured on the same property as the Utah and
Northern Ry. 1st mtge. bonds (see preceding paragraph), but subject in lien thereto.
CONSOL. FIRST MTGE. GOLD BONDS. — Secured by first mortgage on all lines owned by the Oregon Short
Line RR. Co. south of Ogden, Utah, and on the Idaho Central Ry., a total of 400 miles. Also secured by
Hen junior only to the divisional mortgages on all lines formerly of the Oregon Short Line and Utah
Northern Ry. Co. (see Manual for 1896, page 940). The authorized issue is $36,500,000, of which a
sufficient amount is reserved for the retirement of prior liens and the balance for the general purposes
of the company.
INCOME A BONDS. — Secured on the entire property of the Oregon Short Line RR. Co., subject to prior
liens. The bonds are to receive interest, if earned, at the rate of 5 p. c. per annum, non-cumulative, •
before any interest can be paid on the income B bonds (see next paragraph). The total issue is $7,185,000,
of which the Union Pacific RR. Co. owns $6,614,000 and the Oregon Short Line RR. Co., $38,500, leaving
$532,500 outstanding in the hands of the public.
INCOME B BONDS.— Secured on the entire property of the Oregon Short Line RR. Co., subject to prior
liens. Also secured by deposit of $16,281,400 common stock of the Oregon RR. and Nav. Co. The bonds
are entitled to interest at the rate of 4 p. c. per annum, non-cumulative, payable out of the earnings
of the company, or out of dividends on the $16,281,400 common stock of the Oregon RR. and Nav. Co., or
both. The total issue is $14,841,000, of which the Union Pacific RR. Co. owns $14,635,000, leaving $206,000
outstanding in the hands of the public.
2O. Bonds and Stocks Owned June 30, 1901, Pledged as Security under the fottowng-named
Mortgage Indentures:
BONDS.
UNION PACIFIC RR. Co.
OREGON SHORT
LINE RR. Co.
OREGON RR.
AND NAV. Co.
Total.
1st RR. and
Land Grant
Mtge.
1st Lien
Conv. Mtge.
Consol.
1st
Mtge.
U. &N.
1st
Mtge.
Consol.
1st Mtge.
Columbia and Palouse RR Co. 1st 6s
$
$
8
S
$
2,829,000
2,829,000
130,000
4,706,000
10,000,000
1,000
6,000
422,000
Idaho Central Ry Co 1st 6s
130,000
4,706,000
10,000,000
Utah and Northern Ry. Co. 1st 78
1,000
Utah Central Ry Co 1st 6s
6,000
422,000
Utah Southern RR Co 1st 7s
Total Bonds
10,000,000
4,706,000
558,000
1,000
2,829,000
300,000
1,000,000
18,094,000
300,000
1,000,000
1,000,000
200,000
9,876,200
7,663,500
27,334,700
75,000,000
100,000
700,000
STOCKS.
Columbia and Palouse RR. Co
Leavenworth, Kansas and Western Ry. Co
1,000,000
Mill Creek Flume and Mfg. Co
200,000
Oregon RR. and Nav. Co. Preferred
9,876,200
Common
7,663,500
Oregon Short Line RR. Co
27,334,700
Southern Pacific Co
75,000,000
Union Pacific Land Co. . . .
100,000
Walla Walla and Columbia River RR Co
700,000
Total Stocks
100,000
120,874,400
2,200,000
123,174,400
Total Bonds and Stocks
10,100,000
125,580,400
558,000
1,000
5,029,000
141,268,400
568
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
21. Oregon Short Line 4 p. e. and Participating 25-yr. Gold Honda. — On July 17,
1902, the Oregon Short Line Hit. Co. executed a trust deed to the Equitable Trust Co. of New York
pledging the shares now owned by it, or which it may hereafter ai-quire, in the common stock of the
Northern Securities Co. as security for an issue of bonds to the amount of $1,000 for each ten shares of
stock so deposited. Provision has been made for issuing as of Aug. 1, 1902, $31,000,000 of such bonds, and
the stockholders of the Union Pacific RH. Co. are offered the privilege of subscribing pro rata therefor at
the price of 90 p. c. and accrued interest. The bonds bear interest from Aug. 1, 1902, at the fixed
rate of 4 p. c. per annum, but in addition to such fixed interest they are entitled to receive for every
calendar year, beginning with 1903, an amount equal to any dividends and interest which may be paid in
cash during the year upon the deposited collateral in excess of 4 p. c. upon the amount of the out-
standing bonds. The bonds will mature on Aug. 1, 1927, but any or all of them may be redeemed at 102i
p. c. and accrued interest on any interest day after at least three months' published notice.
22. Lund Grant Lamls. — This company has acquired by direct conveyance under foreclosure sale
the lands and rights which belonged to the Union Pacific Ry. Co., acquired through the land grants to the
Denver Pacific Ry. and Telegraph Co. and the old Union Pacific RR. Co. The lands and rights derived
from the land grant to the Kansas Pacific Ry. Co. were conveyed under foreclosure sale to the Union Pacific
Land Co., a corporation organized under the laws of Utah. The capital stock of the Land Company is
$100,000, all of which is owned by the Union Pacific RR. Co. The Land Company has issued its bonds in
the amount of $10,000,000, secured by mortgage upon all of its property, to the Mercantile Trust Co. of
New York, as trustee. The stock and bonds of the Land Company are pledged with the Mercantile
Trust Co., as trustee, under the first mortgage of the Union Pacific RR. Co. For convenience, the opera-
tions and assets of The Union Pacific Land Co. are shown in the following tables:
Cash Receipts and Disbursements, year ending June 30, 1901 :
KECEIPTS.
U. P.
Land
Dept.
U. P.
Land
Co.
Total.
DISBURSEMENTS.
U. P.
Land
Dept.
U. P.
Land
Co.
Total.
$
76,010 95
64,131 56
172,170 31
74,995 55
18,230 57
$
77,826 89
92,516 49
144,371 33
66,855 44
44,462 10
8
153,837 84
156,648 05
316,541 64
141,S5099
62,692 67
Expenses
8
88,633 60
41,98391
5,80388
45227
$
68,39138
110,351 07
10,347 93
1,88883
157,024 98
152,334 98
16,151 81
1,78462
Taxes
Discount on Sales
From Int. on Contracts.. .
Principal of Sales Ref . . .
Total Disbursements .
Net Cash Receipts
136,873 66
268,665 28
190,422 73 327,296 39
235,609 52^504,274 80
405,53894
426,038 25
831,571 19
Operations of the Land Department, year ending June 30, 1901 :
U. P.
Land Dpt.
U. P.
Land Co.
Total.
U. P.
Land Dpt.
tr. P.
Land Co.
Total.
Acres Sold ....
526,223.83
350,704.96
876,928.79
Consideration Sold
$
§
$
Consideration Sold
For
$
742,129 23
8
1,012,113 19
$
1,754,242 42
For
Patents Applied
11,205 00
11,205 00
1 41
2 89
2 00
618 005 25
346 370 43
964 37r) r>8
No. of Town Lots
Sold
293
293
Patents Received-
Acres
376,912.35
608,633.06
985 54 541
Land Assets, Jnne 30, 1901.— The following table shows the estimated value of the Land Assets owned by
the Company, and also by the Union Pacific Land Company:
UNION PACIFIC RR. Co.
UNION PAC. LAND Co.
TOTAL.
Acres.
Amount.
Acres.
Amount.
Acres.
Amount.
Unsold Lands
No.
3,732,516.98
$
1,913,250 08
33. (iOl 00
2,823.473 85
580,029 02
No.
2,314,836.94
8
3,072,204 92
1,533 00
3,497,123 01
428,124 71
Fo.
6,047,353.92
$
4. 985,455 00
35.134 00
fi.320.596 86
1,008,153 73
Unsold Town Lots ....
Land and Town Lot Contracts
Cash at Omaha and New York
Total
5,350,353 95
6,998,985 64
12,349,339 59
23. EAILKOADS CONTROLLED BY THE UNION PACIFIC RR. Co.
Oregon RR. and Nav. Co. — Length of lines (see Sec. 1). 1,1?.6.5 in.; total track (steel, 1,073.46
m.), 1,291.05 miles. Ganges — 1,114.56 m., 4 ft. 8} In.; 19.40 m., 3 ft. Rail, 31 to 75 Ibs. The company
operates steamship and steamboat lines over routes aggregating 1,013 miles, as shown in See. 6. Chartered
July 16, 1896, under the laws of Oregon, as successor to the Oregon Ry. and Nav. Co. (see Manual for iv.is.
page -256). Controlled by the Union Pacific RR. Co. through ownership of practically all of the capital
stock (see Sec. 14). Capital stock (common, $24.000,000; preferred. $11.000.000), $35.000.000. Funded
debt (see Sec. 19), $20.242,800. The company owns all the securities of the Cascades RR. Co., Columbia
and Palouse RR. Co., Mill Creek Flume and Mfg. Co. and Walla Walla and Columbia River RR. Co., and
treats the railroads of 1hose companies (see appended statements) as lines owned. For equipment and
operations see Sec. 12 and Sec. 13, respectively. A statement of operations, etc., for seven years ending
June 30, 1894-1900, is in the Manual for 1901. page 598.
Directors (elected Sept. 5, 1901). — E. S. Benson, H. W. Corbett, W. W. Cotton. Wm. Crooks, W. M.
Ladd, A. L. Mills, A. L. Mohler, H. W. Scott. Portland, Ore.; Wm. L. Bull. Henry W. Cnnnon. Wm. D.
Cornish, Mortimer L. Schiff, Winslow S. Pierce, New York, N. Y.; E. H. Harriman, Arden, N. Y. ; Miles
C. Moore, Walla Walla, Wash. Officers: A. L. Mohler, Pres., Portland, Ore.; Wm. D. Cornish, Vice-Pres.,
POOR'S MANUAL — UNION PACIFIC SYSTEM.
569
New York, N. Y. ; W. W. Cotton, Sec. & Gen. Atty., Portland, Ore.; Alex. Millar, Asst. Sec.; F. V. S.
Crosby, Treas., New York, N. Y. General Office, Portland, Ore.
CASCADES RR. — Lower Cascades to Upper Cas-
cades. Wash., 6 miles. Gauge, 3 ft. Mileage in-
cluded iu the lines of the O. RR. & N. Co., which
so-. Chartered Jan. 31. 1859; road opened Oct. 13,
1862. Capital stock, $300,000. S. B. Jones, Vice-
Tics.; W. W. Cotton, Asst. Sec., Portland, Ore.
General Office, Portland, Ore.
COLUMBIA AND PALOUSE RR.— Connell,
Wash., to Moscow, Id., 117.32 m. ; Colfax to Farin-
liiKton, Wash., 27.48 in. — total, 144.8 miles. These
lines are included In the mileage of the O. RR. &
X. Co., which see. Chartered June 24, 1882. Cap-
ital stock, $1,000,000; funded debt (see General
Index), $2.829,000 — total stock and bonds, $3,829,-
oiio. W. W. Cotton, Vice-Pres. ; C. B. Upton, Asst.
Sec., Portland, Ore. General Office, Portland, Ore.
ILWACO RY. AND NAV. CO Ilwaco to Nah-
cotta, Wash., 15.26 m.; total track (steel; 35 Ibs.),
1« miles. Gauge, 3 ft. Chartered May 16, 1888;
road opened May 29, 1899. The Oregon RR. and
Nav. Co. acquired control of this company late In
Ifioo, but operates the property separately. Loco-
motives, 3. Cars — passengers, 6; freight (box, 6;
flat, 6), 12 — total, 18. Also two river steamers.
Balance Sheet, June 30, 1899 (latest rendered). —
Capital stock ($125,000 auth.; $50 shares), $117,400;
demand note secured by mortgage on the property,
$05,000; other liabilities, $64,007; profit and loss,
$1 — total, $247,007. Contra: Cost of road, etc.,
$174,475; other Investments, $53,349; materials, etc.,
$2,500; cash and cash assets, $10,683 — total, $247,-
007. A. L. Mohler, Pres. ; E. S. Benson, Gen. Aud. ;
G. W. Mulks, Treas., Portland, Ore.; J. R. Coulter,
Sec., IHvaoo. Wash. Office, Portland, Ore.
MILL CREEK FLUME AND MANUFACTURING
CO. — Walla Walla to Dudley and Dixey, Wash., 13.4
miles. Gauge, 3 ft. Chartered Feb. 24. 1880. Mile-
age Included in the lines of the O. RR. & N. Co.,
which see. Capital stock, $200,000. M. C. Moore,
Pros.; C. B. Upton, Sec., Walla Walla, Wash. Gen-
eral Office, Portland, Ore.
WALLA WALLA AND COLUMBIA RIVER RR.
— Wallula June, to Walla Walla, Wash., 30.18 m. ;
Blue Mountain to a point near Milton, Ore., 5.34 m.
—total, 35.52 miles. These lines are included in the
mileage of the Ore. RR. & Nav. Co., which see.
Chartered April 15, 1868. Capital stock, $700,000.
J. G. Paine, Pres.; C. B.» Upton, Sec., Walla Walla,
Wash. General Office, Portland, Ore.
Oregon Short Line RR. — The following statement of mileage as of June 30, 1901, differs from
that given In Sec. 1 of the Union Pacific statement Inasmuch as It Includes as lines owned and oper-
ated, the St. Anthony RR., the Utah and Pacific RR. and the Wyoming Western RR. (see appended
statements for the roads named) :
Lines Owned (1,613.20 Miles).
Miles.
Granger, Wyo., to Huntington, Ore 541.81
Pocatello, Ida., to Silver Bow, Mont 256.02
Butte to Garrison, Mont 56.59
McCammon, Ida., to Milford, Utah 369.04
Milford, Utah, to State Line, Nev 74.15
Nampa to Boise. Ida 16.42
Shoshone to Kctchuin, Ida 70.00
Moyer Junction to Cumberland, Wyo 16.67
Glencoe Junction to Glencoe, Wyo 2.35
Idaho Falls to St. Anthony, Ida 37.30
Cache Junction. Utah, to Preston, Ida 42. 5*5
Syracuse Junction to Syracuse, Ida 5.85
Lehi Junction to Tintic, Utah 53.52
Ironton to Northern Spy Mine, Utah 6.81
Silver City to Eureka, Utah 3.24
Mammoth Junction to Mammoth, Utah 1.82
Miles.
Brought forward 1,553.94
Milford to Frisco, Utah 17.53
Salt Lake City to Terminus, Utah 37.32
Saltair Junction to Saltalr, Utah 2.42
Mammoth, Utah, to Mammoth Mine 1.99
Proprietary Line.
Boise City Ry. & Terminal Co.'s Line 5.56
Trackage Rights (9.29 miles).
No. Pac. Ry. : Sliver Bow to Meaderville. . . ,
Ogden Union Ry. & Depot So.: Ogden Yard..
0.60
Total length of lines 1,628.05
Deduct: Butte to Garrison, Mont., leased to Northern Pacific Ry. Co 56.59
Mileage operated by Oregon Short Line RR. Co., June 30, 1901 1,571.46
Sidings, etc., 280.25 miles. Gauges, 3 ft. and 4 ft. 8} in. Rail (steel, 1,640.13 miles), 30 to 75
Ibs. This company was organized in Jan., 1897, as successor to the Oregon Short Line and Utah
Northern Ry. Co., in accordance with the plan of reorganization outlined in the Manual for 1896, pages
940 and 041. It is controlled by the Union Pacific RR. Co. through ownership of more than 96 p. c.
of the capital stock. For schedule of equipment on June 30, 1901, and for operations for year ending
June 30, 1901, see statement for Union Pacific RR. Co., Sees. 12 and 13 respectively. Capital stock
(see Sec. 14, U. P. statement), $27,460,100. Funded debt (see See. 19, U. P. statement), $34,792,000.
Northern Pacific purchase money certificates, 4s, $61,000,000. The Union Pacific RR. Co. owns
«27.:;::4.700 of the capital stock, $21,249,000 of the funded debt and all the purchase money certificates
issued for Northern Pacific stock (see Sec. 15, U. P. statement). On July 17, 1902, the company issued
$31,000,000 of 4 p. c. 25-yr. gold bonds, secured by deposit of an equal amount of the capital stock of
the Northern Securities Co., and entitled, in addition to the fixed interest, to an amount equal to any
dividends and interest which may be paid upon the deposited collateral In excess of 4 p. c. upon the
amount of the outstanding bonds. Additional particulars respecting this issue will be found in Sec. 21
of the U. P. statement. This company owns all the securities of the 'Boise City Ry. and Terminal Co.,
St. Anthony RR. Co., Utah and Pacific RR. Co., Wyoming Western RR. Co. and Salmon River RR. Co.
(see appended statements).
Directors (elected Oct., 1901). — Oliver Ames, Samuel Carr, T. Jefferson Coolldge, Jr., Gardiner M.
Lane, Oliver W. Mink, Boston, Mass.; F. S. Bangs, Wm. D. Cornish, W. E. Glyn, Otto H. Kahn,
Edwin Gould, Wlnslow S. Pierce, New York, N. Y.; H. G. Burt, Omaha, Neb.; George J. Gould,
Lakewood, N. J. ; E. H. Harriman, Arden, N. Y.; Thos. R. Jones, Salt Lake City, Utah. Officers: E.
H. Harriman, Pres. ; Wm. D. Cornish, Vice-Pres. ; Alex. Millar, Sec. ; F. V. S. Crosby, Treas New
York, N. Y. General Office, Salt Lake City, Utah. Eastern Office, 120 Broadway, New York N Y
BOISE CITY RY. AND TERMINAL CO.— Junc-
tion with O. S. RR. to point in Boise City, Ida.,
5.56 miles. Chartered March 20, 1893; opened Aug.
17. 1893. Leased. June 1, 1899. to the Oregon Short
Line RR. Co. Rental — maintenance of property,
payment of taxes, etc. The Oregon Short Line RH.
<^o. owns all the securities of this company. Wm.
D. Cornish, Pres.; F. V. S. Crosby. Treas.; Alex.
Millar. Sec.. New York, N. Y. Office, 120 Broad-
way. New York. N. Y.
ST. ANTHONY RR.— Idaho Falls to St. Anthony,
Ida., 37.46 miles. Opened July 1, 1900. Owned by
the Oregon .Short Line RR. Co. and operated as
part of Its Montana Division, but mileage and oper-
ations not Included In the report for the year ending
June 30, 1901. Capital stock, $40,000, all owned by
the Oregon Short Line RR. Co. No further informa-
tion furnished.
SALMON RIVER RR.— Blackfoot to Mackay,
Ida., 85.5 miles. Opened early in 1902. Owned and
operated by the Oregon Short Line RR. Co. No
further information obtainable.
UTAH AND PACIFIC RR.— Milford, Utah, to
Nevada State Line, 74.52 miles. Gauge. 4 ft. 8* In.
Rail (steel), 52 Ibs. Chartered Aug. 19, 1898; road
opened as above in 1899. Owned and operated by
the Oregon Short Line RR. Co. but mileage and
operation not included in that company's report for
the year ending June 30. 1901. Capital stock. $825,-
000; funded debt (1st mtge. 5 p. c. bonds), $672,000
570
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
—total, $1,497,000. Stock and bonds all owned by
Oregon Short Line RR. Co. W. H. Bancroft, Pres.
& Gen. Mgr.; B. E. Cnlvin. Vice-Pres. & Gen. Supt. ;
C. H. Jenkinson, Treas. ; G. K. Smith, Treas., Salt
Liiko City, Utah. Office, 120 Broadway, New York,
N. Y.
WYOMING WESTERN RR.— Moyer Station to
Cumberland, Wyo., 17.02 m. ; Glencoe June, to Glen-
coe, Wyo., 2 m. — total, 19.02 miles. owned and
operated by the Oregon Short Line UK. Co., but
mileage and operations not Included In (hat
company's report. No further Information furnished.
RAILROAD CONTROLLED BY THE UNION PACIFIC RR. Co., BUT OPERATIONS NOT IN-
CLUDED IN THAT COMPANY'S REPORT.
K.«-II \ onivordi, Kansas and Western
HH. — Leavenworth to Miltonvale, Kan. (excluding
0.57 m. at Valley Falls, used jointly with the A., T.
& S. F. Ry. Co.), 165.63 m. ; trackage (see below),
26.33 in.— total operated, 191.96 miles. Sidings, etc.,
10.32 miles. Gauge, 4 ft. 8i in. Rail (steel, 166.87
m.), 56, 58, and 60 Ibs. Trackage consists of the fol-
lowing: A., T. & S. F. Ry. at Valley Falls, Kan.,
0.57 m.; Leavenworth Depot and RR., at Leaven-
worth, Kan., 0.27 m. ; M. P. Ry. and U. P. RR.,
Joint owners, Leavenworth to South Leavenworth, 1.0
m. ; U. P. RR., South Leavenworth to Leavenworth
June., 2.93 m.; M. P. Ry., Leavenworth June., to
Kansas City, Kan., 19.94 m. ; D. P. RR., Kansas City,
Kan., to freight depot, Kansas City, Mo., 1.62 m.—
total, 26.33 miles. Chartered Sept. 13, 1897, to take
over the property of the Kansas Central RR. Co..
which was sold under foreclosure on June 25, 1897
(see Manual for 1897, page 805). Controlled by the
Union Pacific RR. Co., which owns the entire capital
stock. Locomotives (leased), 7. Cars — passenger, 8;
freight (box, 31; stock, 2), 33; service, 2— total cars,
35.
Operations, year ending June 30, 1901. — Gross
earnings (passenger. $51.635; freight, $17
other, $8.805), $238,775. Operating expense-. $J2X.-
418. Net earnings, $10,357. Total deductions,
$24,969. Deficit, $14.612.
General Balance Sheet, June 30, 1900 (latest
rendered). — Capital stock ($100 shares). $1.000,000;
current liabilities, $293,634— total, $1.293,(?:!4. Con-
tra: Cost of road and equipment. $1,146,803;
materials, etc., $21,041; cash, $53,108; profit and
loss, $74.182— total, $1,293,634.
Directors.— Robert W. Blair. N. H. Loomls, A. L.
Williams, Topeka, Kan.; Horace G. Hurt, Omaha,
Neb.; Otto H. Kahn. W. S. Pierce. New York. N. Y.;
E. H. Harriman, Arden, N. Y. Officers: Horace G.
Burt, Pres., Omaha, Neb.; Winslow S. Pierce, Vice-
Pres.; F. V. S. Crosby, Acting Treas.; Alex. Millar,
Sec., New York, N. Y.; J. O. Brinkerhoff. Acting Gen.
Mgr., Kansas City, Mo.; H. M. Engelman. Aud.,
Leavenworth, Kan. General Office, Leavenworth,
Kan.
24. Board of Directors, U. P. HR. Co., as constituted August 18, 1902.
Oliver Ames Boston, Mass.
Horace G. Burt Omaha, Neb.
T. Jeff. Coolidge, Jr. .Boston, Mass.
Thomas J. Eckert. .New York,N.Y.
Louis Fitzgerald... "
George J. Gould.
E. H. Harriman.
Marvin Hnghitt..
James H. Hyde..
OttoH. Kahn....
..New York, N. Y.
Arden, N.Y.
Chicago, 111.
.New York, N. Y.
Chas. A. Peabody..New York, N. Y.
Winslow 8. Pierce. "
Jacob H. Schiff "
James Stillman. . . . "
H. H. Rogers "
Executive Committee.
E. H, HARRIMAN, Chairman New York, N. Y.
George J.Gould New York, N. Y. I Otto H. Kahn New York, N. Y.
Marvin Hughitt Chicago, 111. | Winslow S. Pierce (ex-officio) "
James Stillman New York, N. Y.
HORACE G. BURT, President Omaha, Neb.
Wm. D. Cornish, Vice-President New York, N. Y.
Secretary — Alex. Millar New York, N. Y. I Gen. Manager— Ed. Dickinson Omaha, Neb.
Treasurer — F. V. S. Crosby " " | General Auditor— 'Era»tns Young "
Comptroller— Wm. Mahl New York, N. Y.
PRINCIPAL OFFICE AND ADDKESB 120 Broadway, New York, N. Y.
Operating Headquarters Omaha, Neb.
ALBIA AND CENTERVILLE RY.— Albia to Centerville, la., 24.44m.; total track (steel, 24.48m.),
27.56 miles. Gauge, 4 ft. 8J^ in. Rail, 56 and 60 Ibs. Reorganization, April 1, 1890, of the Centerville, Moravia
and Albia RR. Co. The company owns no equipment. The Iowa Central Ry. Co. runs two trains through from
Oskaloosa via Albia to Centerville and return, supplying everything, including train and engine crews, at a fixed
price per mile.
Operations, year ending June 30, 1901.— Trains run (passenger, 22,800: freight, 18,811), 41,611 miles.
Passengers carried, 20,435 ; carried one mile, 317,705. Tons freight moved, 111, 232 ; ton-miles, 1,966,426. Earn-
ings (passenger, $8,105; freight, $22,223; other, $1,639), $31,967. Operating expenses, $28,160. Net earn-
ings, $3,807. Paid taxes, $2,139. Surplus, $1,668; deficit forward, $6,112; sale of real estate, $600; net deficit,
$3,844.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $400,000; current liabilities, $4.622 ;
accrued taxes, $9liO— total, 8405,582. Contra: Cost of road and equipment^ $400,000; cash and current assets,
$1,739 ; profit and loss, $3,843— total, $405,582.
Directors.— F. M. Drake, Centerville, la.; Russell Sage, C. W. Osborne, E. C. Osborne, J. J. Slocum, New
York, N. Y. OFFICERS: F.M.DRAKE. Pres., Centerville. la. ; Russell Sage, Vice-Prf/>. & Treas. ; J. J. locum,
Sec., New York, N. Y.; Joseph Gaskell, Asst. Treas. ; F. Nay, And., Minneapolis. Minn. GENERAL OFFICE. 31
Nassau St.. New York. N. Y.
AMES AND COLLEGE RY.— Ames to College, la., 1.98m.; total track (eteel), 2.05 miles. Locomo-
tives, 2. Cars (passenger, 1 ; combination, 1), 2.
Operations, year ending June 30, 1901.— Earnings (passenger, $5,301 ; freight, $2,863 ; other, $31), $8,195.
Operating expenses, $5,517. Net earnings, $2,678. Deductions, $3,092. Deficit. $414.
General Balance Sheet, June 30, 1898 (latest rendered). —Capital slock, £20,000 : profit and loss, $5,519—
total, 825,519. Contra : Cost of road. $24,321 ; cash and other assets, $1,198— total. $25.519.
Directors — W. M. Greeley. E. W. Stanton, M. K. Smith, J. L. Budd, M. Stalker, C. F. Curtis, Ames, la.;
Jas. Wilson, Washington, D. C. OFFICERS : W. M. GREELEY, Pres.; E. W. Stanton, Yice-Pres.; M. K. Smith,
Sec., Treas. & Gen. Myr., Ames, la. GENERAL OFFICE, Ames, la.
BISMARCK, WASHBTTRN AND GREAT FALLS RY.— Bismarck to Wilton, N.«D.. 27.2 m. ;
Wilton to Chapin, l.lm. ; total track (steel ; 54 Ibs.), 28.3 miles. Gauge, 4ft. 8i in. Chartered as Bismarck,
POOR'S MANUAL OF RAILROADS. 571
•
Wnshburnand Fort Buf ord Ry. Co., May 13, 1899; present name adopted Jan. 10, 1900. Road opened as abore
July 17, 1900. Since the close of the fiscal year an extension has been completed from Wilton to Washburn, N.
D., 17.0 miles. A further extension to Great Falls, Mont., is projected. Equipment, June 30, 1901. — Locomo-
tives, 2. Cars— combination, 1 ; freight, (box, 10 ; flat, 14 ; coal, l(i), 40— total, 41. Since June 30, 1901, the equip-
ment h;i> lii-en increased by 1 locomotive, 1 passenger car, 7 refrigerator cars, 2 steamboats, and 1 barge.
Operations, y ear ending June 30, 1!)01.— Train s run (passenger, 270 ; mixed, 16,902), 17,172 miles. Pas-
sengers carried, 4,385 ; carried one mile, 118,298. Earnings (passenger, $4,150; freight, $28,661; other, $879),
S-J,J;IM>. Operating expenses, $24,799. Net earnings, $2,891; other receipts, 8290— total, $3,181. Paid taxes,
§IUS. Surplus, 82.713.
rat.' ui si',',000 per mile for additional mileage. Trustee : Central Trust Co., New York, N. Y.
Directors.— W. D. Washburn, Henry L. Little, C. M. Amsden, Minneapolis, Minn. ; Clarence B. Little,
Bismarck, N. D. ; F. D. Underwood, New York, N. Y. OFFICERS: W. D. WASHBURN, Pres.; Minneapolis,
Minn., F. D. Underwood, Vice- Pres., New York, N. Y. ; C. C. Crane, Sec. & Treas., Minneapolis, Minn.; C. P
Eckels, Gen. Supt.; E. H. Walker, Traffic Mgr. & Aud., Bismarck, N. D. GENERAL OFFICE, Bismarck, N. D.
BOONE, ROCKWELL CITY AND NORTHWESTERN RY.-Fraser to Gowrie, la., 20.75
m.; total track (steel; BO and 70 Ibs.), 22.75 miles. Gauge, 4 ft. 8^ in. Successor, 1901, to the Marshalltown and
Dakota Ry. (see MANUAL for 1901, page 604). Locomotives, 2. Cars— baggage, etc., 1; freight (coal), 15 —
total, 10. Capital stock ($100 shares), $90,000. Bonded debt, $280,000.
Operations, year ending June 30, 1901.— Earnings (passenger, $176 ; freight, $35,740 ; other, $936),
S3(i.SM. Operating expenses, $11,010. Net earnings, $25,842.
Directors.— Hamilton Browne, T. W. Carpenter, Boone, la.; S. T. Meservey, Fort Dodge, la. ; J. Jos.
Wright, Chicago, 111.; W. A. Kelly, Fraser, la. OFFICERS : HAMILTON BROWNE, Pres., Boone, la. ; S. T.
Meservey, Vice- Pres. & Tfeas., Fort Dodge, la.; T. W. Carpentei, Gen. Mgr.; W. A. Kelly, Aud., Fraser,
la. GENERAL OFFICE, Fraser, la.
COLFAX NORTHERN RR.—Colfax to Valeria, la., 7m.; total track (steel; 60 IDS.), 8 miles. Gauge,
4 ft. 8J iu. Organized April 6, 1901, and purchased the Iowa Northern Ry. Co. (see MANUAL for 1901, page 603).
Locomotive, 1. Cars — passenger,! ; freight, 1 — total, 2. Operations, not reported.
Financial Statement, Jan. 1, 1902.— Capital stock . ($120,000 auth. ; $100 shares), $60,000 ; funded debt
(1st 5s of April 1, 1921, int. A. & O.), $60,000— total stock and bonds, §120,000.
Directors. — T. N. Hooper, Jr., Leland Windsor, Des Moines, la. ; Geo. D. Wood, M. B. Wheelock, Frank
B. Hooper. Colfax, la. OFFICERS : T. N. HOOPER, JR., Pres.; Leland Windsor, Vice-Pres., Des Moines, 14.;
Frank B. Hooper, Sec. & Treas., Colfax, la. GENERAL OFFICE, Colfax, la.
CROOKED CREEK RR. (AND COAL). —Lehigh to Webster City, la., 17.61 m.; total track (steel,
2i>. 70 m.), 20.89 miles. Gauue, 4 ft. 8£ in. Rail (steel), 50 to 60 Ibs. Chartered Nov. 8, 1875 ; road opened Nov.
15, 1875. Webster City and Southwestern RR., Border Plains to Webster City, la., 13.37 m., purchased in 1892.
Locomotives, 2. Freight cars (box, 1 ; coal, 31), 32 ; caboose, 1— total, 33.
Operations, year ending June 30, 1901.— Railroad Department : Trains run, (est.), 16,000 miles. Tons
freight moved, 83,876. Earnings (passenger, $975 ; freight, $23,469 ; other, $694), $25,138. Operating expenses,
$16,299. Net earnings, $8,839. Payments : Taxes, $1,391 ; dividends (2| p. c.), $5,625 ; other charges, $18—
total. $7,034. Surplus, $1,805 ; surplus forward, $104,577— total, $106,382.
General Balance Sheet, June 30, 1901.— Capital stock ($500,000 auth. ; $100 shares), $225,000; current
liabilities, $1,403; profit and loss, $106,382— total, $332,785. Contra: Cost of road and equipment, $213,952;
lands and mine property, $110,000 ; other investments, $5,883 ; cash and current assets, $2,950— total, $332,785.
Directors.— Jacob M. Funk, F. E. Willson, George E. Burnham, Webster City, la.; F. Paul Stone, Oco-
nomowoc, Wis. ; John Q. Burnham, C. T. Burnhara, A.K.Hamilton, Milwaukee, Wis. OFFICERS: JACOB M.
FUNK, Pres., Webster City, la.; John Q. Burnham, Vice-Pres., Milwaukee, Wis.; F. E. Willson, Sec. &, Gen.
Mgr.; George E. Burnham, Treas. & Asst. Gen. Mgr., Webster City, la.; F. A. Ayers, Aud., Lehigh, la. GEN-
ERAL OFFICE, Lehigh, la.
DAKOTA PACIFIC RR.-Projected : Rapid City to Mystic, S. D., 32 m.; Mystic, S. D., to Skull
Creek, Wyo., 50m.; Rapid City to Chamberlain, S. D., 215m.; Pactola to Keystone, 14 m.; Big Bend to Hat
Mountain, 3 m.— total, 314 miles. Completed up to July 1, 1899 : Rapid City to Iron Creek, 10 miles. Gauge, 4 ft.
8S in. Rail (steel), 65 Ibs. Locomotive,!. Cars (freight), 26. Chartered Oct., 1897, and absorbed the Dakota,
Wyoming and Missouri River RR. (See MANUAL for 1898, page 250.) Grading is practically completed from Iron
Creek to Mystic, 22 miles, but up to April 1, 1900, no rails had been laid on that section.
Financial Statement, July 1, 1902 — Capital stock authorized ($100 shares), $20,000 per mile. Funded
debt, $650,000 1st mtge. 5s of May 15, 1929. Other liabilities, none. Cost of road, etc., to date, $508,000. Es-
timated cost of entire road, including bridge over the Missouri Rivtr at Chamberlain, $7,500,000.
Directors.— J. H. Muhlke, F. O. Murdock, Chicago, 111. ; C. D. Matteson, J. B. Henry, Wm. T. Coad,
Rapid City, So. Dak. OFFICERS : WM. T. COAD, Pres. & Gen. Mqr., Rapid City, So. Dak. ; J. H. Muhlke, Vice-
Pres.; F. D. Gray, Treas.; F. O. Murdock, Sec., Chicago, 111.; W. M. Wright, Chief Eng., Rapid City, So. Dak.
GENERAL OFFICE, Rapid City, So. Dak.
DAVENPORT, ROCK ISLAND AND NORTHWESTERN RY.-Clinton to Davenport,
la., 33.80 m.; Davenport, la., by steel bridge across the Mississippi River, via Rock Island, to Rock River, 111.,
13.42 m.; trackage (C.. B. & Q. RR., 1.46 m.; C., M. & St. P., 0.89 m.) 2.35 m.-total, 49.57 m.; total track (steel;
70 Ibs.), 56.58 miles. Gauge, 4 ft. 8£ in. Incorporated under the laws of Iowa in Sept., 1898, as successor, by
change of name, to the Davenport and Rock Island Bridge, Ry. and Terminal Co. The bridgt over the Mississippi
River was built under a charter obtained from the U. S. Government, work having been commenced in the spring
of 1897 and finished about Jan. 1, 1899. The Clinton, Dubuque and Northwestern Ry. Co. was incorporated by
persons interested in this company io build an extension of 54 miles from Clinton, la., northwest to Dubuque,
la. Locomotives, 7. Cars— freight (box, 20 ; flat, 35 ; coal, 70), 125: service, 2— total, 127.
Operations, year ending June 30, 1901.— Trains run (passenger, 79.996 ; freight, 23,434 ; other, 11,480),
114,910 miles. Passengers carried, 90,643 ; carried one mile, 2,044,386. Tons freight moved, 245,795 ; ton-miles,
4,930.402. Earnings (passenger, $39,909 ; freight, $118,391 ; other, $12,505). $170,805. Operating expenses,
$141,126. Net earnings, $29,679 ; rentals, $45,418— total, $75,097. Payments : Permanent improvements, $26,660;
taxes, $6,015-total, $32,675. Surplus, $42.421 ; surplus forward, $18,194— total, $60,615.
General Balance Sheet, June 30, 1901.— Current liabilities, $58,216 ; profit and loss, $60,615— total,
8118,831. Contra: Materials, etc.. $2,272; cash and current assets, $116,558— total, $118,831. Capital stock
($100 shares) authorized and subscribed, $3,000,000.
Directors.— Henry R. Williams. James H. Hiland, Heman H. Field, Charles V. Carpenter, Henry W.
Weiss, James C. Hutchins, Chicago, 111. OFFICERS : F. A. DELANO, Pres.; P. L. HINKICHS, Sec. & Treas., Chi-
cago, 111. GENERAL OFFK-F, Chicago, 111.
DES MOINES UNION RY.-In Des Moines, la., 4 m.; total track (steel ; 60, 66, 68, and 75 Ibs.),
18 miles. Gauge, 4 ft. 8J in. Chartered Jan. 7, 1886 ; road opened Jan., 1886. Locomotives, 3. A terminal road,
572
POOR'S MANUAL OF RAILROADS — NORTHWESTERN GROUP.
operated for the benefit of its owners. Has no income. The companies using the terminals (Wabash ER. Co.,
Chicago (ircitt Western Ry. Co., and Chicago, Milwaukee and St. Paul Ry. Co.) are charged for actual cost of
operating and for interest on bonds. Operating expenses, year ending June 30, 1901, §121.614; interest on bonds,
$;«,."><' ; on debt, $2,059 ; taxes, $12,160— total, $170,283.
General Balance Sheet, June 30, 1901.— Capital stock paid in ($2,000,000 auth.; $100 shares),
f400,0()(i; funded debt (1st 5s of Nov. 1, 1917), $671,000; current liabilities, $79,005- total, 81,150,005. Contra:
Cost of road and equipment, $1,091,000; materials, etc., $25,501 ; cash and current assets, $81,450; other
assets, $2,954— total, $1, 150,905.
Directors.— P. C. Hubbell, F. M. Hubbcll, H. D. Thompson, Cyrus Kirk, A. B. Cummins, DCS Moines,
la.; Joseph Ramsey, Jr., St. Louis, Mo.; A. J. Earling, C. A. Goodnow, Chicago, 111. OKKICKKS : !•'.('. IlrnisKi.i,,
Pres. <fe Parch. Agt.; H. D.Thompson, Vice-Pres. & Treat.; P. M. Hubbell, Sec.,- E. G. Mitchell, Ami., DCS
Moines, la. GENERAL OFFICE, Dee Moines, la.
DULUTH AND NORTHEASTERN RR.— Hornby to Island Lake, 27.6 m.; branches, 10 m.—
total, 37.6 miles. Gauge, 4 ft. 81 in. Rail (steel), 50 Ibs. This line is used exclusively as a logging railroad.
Locomotives, 3. Logging cars, 78.
Directors.— P. Weyerhauser, St. Paul, Minn.; John B. Phelps, Davenport, la.; H. C. Hornby, J. E. Lynda,
Cloquet, Minn. OFFICERS : F. WEYERHAUSER, Pres., St. Paul, Minn.; H. C. Hornby, Viet -Pre*. & Mgr.; 3. E.
Lynda, Sec. & Treas.; J. H. Heininger, And., Cloquet, Minn. GENERAL OFFICE, Cloqnet, Minn.
DULUTH AND NORTHERN MINNESOTA RR.— Knife River, Minn., northeast, 32.75 miles.
Gauge, 4 ft. 8fr in. Steel rail, weight not reported. Chartered May 31, 1898 ; road completed as above, June 30,
1901. Connects with the Duluth and Iron Range RR. Locomotives, 4. Cars— flat, 159 ; caboose, 2— total. Hil.
Operations, year ending June 30, 1901. — Tons freight moved, 409,133. Earnings (passenger, $Xi<> ; freight,
$119,080 ; other, $23), $119,939. Operating expenses, $62.586. Net earning?, $57,353. Paid dividends (10 p. c.),
$20,000. Surplus, $37,353 ; surplus forward, $63,820— total, $101,173.
General Balance Sheet. June 30, 1901.— Capital stock ($100 shares), $200,000 ; current liabilities', $50,073;
profit and loss, $101,173— total, $351,246. Contra: Cost of road and equipment, $327,977 ; cash on hand. -
—total, $351,246. The company recently asked permission of the State authorities to increase its capital stock
to $1,000,000.
Directors.— R. A. Alger, James C. McCaul, G. H. Stalker, Detroit, Mich.; John Millen, Ralph N. Marble,
Duluth, Minn.; B. W. Arnold, Albany, N. Y. OFFICERS : R. A. ALGER, Pres., Detroit, Mich.: John Millen, Vice-
Pres. & Gen. Mgr., Duluth, Minn.; G. II. Stalker, Treas. & Aud.; Jas. C. McCaul, Sec., Detroit, Mich. GENERAL
OFFICE, Duluth, Minn.
DULUTH, MISSABE AND NORTHERN RY.— Stony Brook to Mountain Iron, Minn., 48.62 m.,
spurs and branches to mines, 104.23 m.: trackage (Northern Pacific Ii>/.}, Union Depot, Duluth, to Missabe June.,
1.90 m.— total operated, June 30. 1901, 154.75 in.; 2d track, 20.74 m.; sidings, 52.72 m.— total track operated
miles. Gauge, 4ft. 8J- in. Rail (steel), 60 and 80 Ibs. Chartered Feb. 11, 1891; road completed as above during
the year 1897-98. (See MANUAL for 1895, page 281.) Locomotives, 43. Cars — passenger, 6; combination, 2 ;
baggage, etc., 1; freight, 3,851; service, 39— total, ^,899.
Oi
535T461 :
308,578,314. Earnings" (passenger, $85,828; freight,
$1,514,185. Net earnings, $1,595,767; other receipts, $123,917— total, $1,719,684." Payments : interest on bonds,
$410,735; taxes, $65,097; other charges, $69,331— total, $545,153. Surplus, $1,174,531; surplus forward (32,503.439;
less deductions during year, $82,359), $2,420,980— total, $3,595,511.
Capital stock, bonded debt, gross andjiet revenues, etc., fqr_ eight years :
Capital Bonded
Years. Stock Debt
$ $
1894 2,506,666 5,464,938
1895 2,512,500 5,664,608
1896 2,512,500 5,564,277
1897 2,512,500 5,463,947
1898 2,512,500 6,006,000
1899 2,512.500 6,406,000
1900 2,212,500 6,406,000 10,615,728
1901 2,512,500 8,323,000 10,844,610
* Including dividends (7J p. c.), $753,760. t Bonds retired.
Dost of RR.
and
Equip't.
$
7,984,338
RR.
Oper'd.
Wiles.
128.03
Gross
Income.
$
981,152
Expenses
and
Taxes.
$
440,904
Net
Income.
$
540,248
Interest
Paid.
S
230,220
Other
Pay-
ments.
8
'Balance
(+or-)
$
+ 310,028
7,910,654
7,909,585
7,909,585
8,847,797
9,305,477
10,615,728
10,844,610
131.74
138.44
140.57
147.16
147.64
152.99
154.75
1,378,469
1,808,505
1,597,935
2,122,576
2,479,595
3,726,265
3,233,869
590,380
608.893
607,569
1,169,926
1,174,732
1,690,476
1,579,282
788,089
1,199,612
990,366
952,650
1,304,863
2,035,789
1,654,587
285,160
286,000
•286,000
310,650
341.731
355,300
410,725
r.c.'U'sS
1,007,073
588,185
*935,102
136,112
+229.400
69,331
- 60,858
- 93.461
+ 116,181
- 293,1 as
+ 827,020
+ 1,451.089
+ 1,174,531
Contra : Cost of road and equipment, $10,844,610 ; securities owned, $118,750 ; materials, etc., $160,877 ; cash
and current assets, $670,268 ; sinking fund, $729,239; sundries, $4,598,971— total, $17,122,715.
Funded Debt, June 30, 1901, consisted of $1,174,000 first 6s of Jan. 1, 1922 ; ?2,326,000 consol. 1st 6s of
Jan. 1, 1923, and $4,823.000 consol. 2d 5s of Jan. 1, 1918.
Directors.— A. D. Thomson, Alex. McDongall, Wm. J. Olcott, Joseph B. Cotton, Geo. D. Swift. A. B.
Walvin, E. S. Kempton, Duluth, Minn. OFFICERS : Wm. J. Olcott, Prfs.; Joseph B- Cotton, Sec.; E. S. Kemp-
ton, Treas.; J. B. Hanson, Aud., Duluth, Minn. GENERAL OFFICE, Duluth, Minn.
ELLISTON AND SOUTHERN RR.— Projected: Elliston, Mont., to Peerless Mine, 15 miles. Com-
pleted near Elliston, 6 miles. Gange, 4 ft. 8|in. Rail (steel), 56 Ibs. Chartered Feb. 25. 1896, and acquired
the right and title to 6 m. of track built in 1892 for transporting mining timber and wood to the main line
of the Northern Pacific Ry. The road is intended to supply a connection between the Red Mountain minim: dis-
trict and the Blackfoot River. There are ten mines along the line of the proposed road. The company owns 1
locomotive; the N. P. Ry. Co. supplies the necessary cars. Capital stock authorized, $100,000: subscribed and
paid up, $20,000. Cost of road, etc., exclusive of metal leased from the N. P. Ry. Co., ?20,000.
Directors.— W. B. Edgar, W. H. Cameron, Elliston, Mont.; C. Hedges, Geo. F. Cope, F. L. Sizer, Helena,
Mont. OFFICERS: W. B. EDGAR. Prets., Elliston, Mont.; C. Hedges. \'i, ,-/'r< *.; Geo. F. Cope, Treat., Helena,
Mont.; W. H. Cameron, Sec., Elliston, Mont. GENERAL OFFICE, Elliston, Mont.
KEOKTJK AND HAMILTON BRIDGE CO.— Consolidation of the Hancock County and the
KeoUuk and Hamilton Mississippi Hirer Bridge Cos. Owns a bridge at Keoknk, la., which is used for railroad
purposes by the Toledo, Peoria and Western and the Wabash RR. Cos., and is also used by wagons and foot pas-
-cnirers. For particulars regarding the contract of Jan. 19, 1869, by which the Pittsburgh, Chicago and sr. Louis
Ry. Co. and the Pennsylvania RR. Co. agree to pay one-fourth of any deficiency of net revenue in meeting interest
r barges, see MANUALS for 1889 and 1893. Capital stock, $1,000,000. Funded debt, $1,000,000 1st nitge. 8 p. c.
bonds, due April 1, 1899.
Operations, year ending June 30, 1901.— Earnings (passenger, $4,920; freight, $13.465: other, $14,227),
$32,612. Operating expenses, $13,064. Net earnings, $19,548. Total deductions, $22,480. Deficit, $2,932.
POOR'S MANUAL OF RAILROADS. 573
Directors.— Andrew Carnegie, Joseph J. Asch, James F. Secor, David Paton, Theodore F. Hicks, Matthias
Nicoll, Theodore Oilman, W. 8. Oilman, New York, N. Y.; Henry E. Smith, Philadelphia, Pa. OFFICERS:
\v CARNEOIK, Pi-ex.; Theodore Oilman, Sec. <& Treas., 62 Cedar St., New York, N. Y. GENERAL OFFICE,
62 Cedar St., New York, N. Y.
MANCHESTER AND ONEIDA BY.— Manchester to Oneida, la., 8m.; total track, 10 miles.
Gauge, 4 ft. 8J in. Koad opened Aug. 8, 1901. Locomotive, 1. Combination car, 1.
Operations, live months ending Jan. 8, 1902.— Earnings (passenger, $4,580 ; freight, $10,093 ; other, $185),
$14,858. Operating expenses and betterments, $11,763. Net earnings, $3.096.
Financial Statement, Jan. 1, 1902.— Capital stock ($75,000 auth.) subscribed and partly paid in, $41,300.
Other indebtedness consists of notes to Manchester Construction Co., maturing in about ten months, and aggre-
gating, with interest, $55,000.
Directors.— A. S. Blair, E. M. Carr, B. W. Jewell, Albert Hollister, Joseph Hutchinson, M. F. LeRoy, R.
R. Robinson, C. A. Peterson, Wm. Hockaday, W. N. Wolcott, J. W. Miles, C. J. Seeds, A. A. Morse, E. H.
Iloyt, W. L. Drew, W. A. Abbott, Manchester, la. OFFICERS : E. M. CARR, Pres.; M. F. Le Roy, Vice-Pres.;
B. W. Jewell, Sec.; Chas. J. Seeds, Treas.; Joseph Hutchinson, And. ; John L. Sullivan, Gen. Traf. Mgr.,
Manchester, la. GENERAL OFFICE, Manchester, la.
MINNEAPOLIS EASTERN RY.— At Minneapolis, Minn., 2.94 miles. Rail (steel), 60 Ibs. Gauge,
4 ft. 8£ in. Chartered in 1878 ; road opened June 1, 1879. Owned jointly by the Chicago, Milwaukee and St.
Paul and the Chicago, St. Paul, Minneapolis and Omaha Ry. Cos. The road is used merely for switching busi-
ness, and its stock is held by the companies named. Locomotives, 3.
Operations, year ending June 30, 1901.— Earnings, $6:2,302. Operating expenses, $31,423. Net earnings,
$30,87!). Payments : Interest on bonds, $10,500 ; taxes, $2,036— total, $12,536. Surplus, $18,342 ; surplus
forward, $51, 183- total, $69,525.
General Balance Sheet, June 30, 1901.— Capital stock ($1,000,000 auth.; $100 shares), $30,000; funded
debt (1st 7s of Jan. 1, 1909), $150,000 ; current liabilities, $36,274 ; profit and loss, $69,525— total, $285,799. Contra :
Cost of road and equipment, $277,079 ; materials, etc., $1,422 ; cash »nd current assets, $7,298— total, $285,799.
Directors.— F. A. Chamberlain, W. H. Norris, E. D. Bewail, Minneapolis, Minn.: James F. Clark, E. E.
Woodman, Thomas Wilson, W. A. Scott, St. Paul, Minn.; A. J. Earling, H. R. Williams, Chicago, 111.
OFFICERS: F. A. CHAMBERLAIN, Pres., Minneapolis, Minn.; A. J. Earling, Vice-Pres., Chicago, 111.; E. D.
Sewall. Sec. <& Treas., Minneapolis, Minn.; L. A. Robinson, Aud., St. Paul, Minn. MANAGING COMMITTEE:
W. A. Scott, St. Paul, Minn.; E. D. Sewall, Minneapolis, Minn. GENERAL OFFICE, Minneapolis, Minn.
MINNEAPOLIS, ST. PAUL AND ASHLAND RY.- Projected : Ashland, Wis., to Cheque-
megon Junction, Wis., 24 m.; Ashland, Wis.. ta Minneapolis, Minn., 190 m.; Bordon to Ole Oleson, Wis., 16 m.;
Bordon to Superior, Wis., 65 miles. Completed up to May 1, 1902: Ashland to Chequemegon, Wis., 24 m.;
Bordon June, to Leonard, Wis., 25 m.— total, 49 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs. The first section
of 25 miles was completed in Jan., 1897 ; short extensions are built each year. The company owns 6 locomotives,
2 combination cars, 182 freight cars, and 4 logging cars. Capital stock authorized, $10,000 per mile ; shares,
$25 each. Funded debt authorized, $16,000 per mile in 5 p. c. $1,000 gold bonds. Cost of road and equipment,
$26,000 per mile.
Directors.— J. W. Cochran, S. S. Fifleld, Thomas Bordon, L. B. Eagan, Edwin Ellis, Ashland, Wis.; R. L.
McCormick, Hayward, Wis.; S. G. Cook, J. S. Porteous, Minneapolis, Minn.; J. W. Perley, St. Croix Falls, Wis.
OFFICERS : S. G. COOK, Pres., Minneapolis, Minn.; Thomas Bordon, Vice-Pres., Ashland, Wis.; J. S. Porteous,
AVc. <ft Treas., Minneapolis, Minn.; G. B. Thompson, Supt., Ashland, Wis. GENERAL OFFICE, Minneapolis, Minn.
MINNESOTA AND NORTH WISCONSIN RR. (THE).-Nickerson to Lake Graham, Minn.,
9.73 m.; leased (.Delong and Chamberlain RH.), Pocket Lake to Nickerson, Minn., 1.20 m.— total operated, 10.93
miles. Sidings, 3.47 miles. Gauge, 4 ft. 8i in. Rail (steel, 12.40 m.), 48 and 56 Ibs. Chartered Feb. 3, 1898 ; road
opened as above in the spring of 1899. Locomotives, 2. Cars (logging), 45.
Operations, year ending June 30, 1901.— Tons freight moved, 230,212; ton-miles, 1,151,060. Earnings
(freight, $16,917 ; other, §294), $17,211. Operating expenses, $12,549. Net earnings, $4,662. Payments: Interest
on current liabilities, $2,459 ; rental, $480— total, $2,939. Surplus. $1,723 ; surplus forward, $3,843— total, $5,566.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $10,000 : current liabilities, $53,902;
profit and loss, $1,723 —total, $65,625, representing cost of road and equipment.
Bond Issue. —This company has executed a trust deed to the Minnesota Loan and Trust Co. of
Minneapolis, Minn., to secure an i.-sue of 5 p. c. bonds amounting to $200.000, maturing $30,000 each 1st of Jan.
from 11)03 to 1907, and $50,000 on Jan. 1, 1908. The proceeds are to be used in extending the road from Scanjon
northeast to timber lands in St. Louis County, Minn. The company expects to have 50 miles of line in operation
in this now territory before Jan. 1, 1903.
Directors.— D. F. Brooks, St. Paul, Minn.; M. J. Scanlon, L. R. Brooks, H. E. Gipson, H. K. Brooks,
Alison S. Brooks, P. R. Brooks, Minneapolis, Minn. OFFICERS : D. F. BROOKS, Pres., St. Paul, Minn.; M. J.
Scanlon, Vice-Pres.; L. R. Brooks, Treas.; H. E. Gipsou, Sec.; A. S. Brooks, Supt., Minneapolis, Minn. GEN
ERAL OFFICE, Minneapolis, Minn.
MINNESOTA TRANSFER RY .— At St. Paul and Minneapolis, Minn., about 56 miles. This com-
pany was chartered on March 10, l>-83, to facilitate the transfers of freight between the owners. These now are
the St. Paul, Minneapolis and Manitoba, the Northern Pacific, the Chicago, Milwaukee and St. Paul, the Chicago,
St. Paul, Minneapolis and Omaha, the Minneapolis and St. Louis, the Chicago Great Western, the Wisconsin
Central, the Chicago. Burlington and Quincy, and the Minneapolis, St. Paul and Sault Ste. Marie Cos. All
through freight coming over any of the lines named, and destined for another, goes to this general transfer, the
companies having an agreement for that purpose. Stock yard facilities also form a part of the equipment. In
Aug., 1898, the company purchased the New Brighton Stock Yards, at St. Paul, and subsequently acquired the
Minnesota Be't Line liy. and Transfer Co.
Financial Statement, June 30, 1901.— Capital stock ($300,000 auth.; $100 shares), subscribed and paid
up, fB3,000; funded debt (1st mtge. 4 and 5s of Aug. 1, 1916), §1,385,000; other liabilities, $6,051— total, representing
cost of road and equipment to date, $1.454,051.
Directors.— W. J. Underwood, W. A. Scott, Thos. Cooper, S. C. Stickney, J. M. Gruber, St. Paul, Minn.;
L. F. Day, E. Pennington, Minneapolis, Minn.; H. F. Whitcomb, Milwaukee, Wis.; G. P. Lyman, Chicago, 111.
OFFICERS: J. M. GKTTBER, Pres.; C. S. Stickney, Vice-Pres.; H. P. Upham, Treas; L. A. Robinson, Sec. & Aud.;
W. H. Norris, Solicitor ; M. J. Dooley, Supt., St. Paul, Minn. GENERAL OFFICE, St. Paul, Minn.
MONTANA RR.— Lombard to Harlowton, Mont., 94 m.; Summit to Leadboro, Mont., 6 m.- total track
(steel; 56 Ibs.), 100 miles. Gauge, 4 ft. 8^ in. Chartered Sept., 1894, and acquired the property of the Montana
Midland RR. Co., including about 18 miles of graded roadbed. The road was opened from Lombard to Leadboro,
50 miles, Nov. 20, 1896, and the extension from Summit to Harlowton, 44 miles, on June 30, 1900. The company
has a traffic contract with the Northern Pacific Ry. Co., running 99 years from March 1, 1900. Locomotives
(leased, 1), 3. Cars- combination 1; freight (flat). 2; service, 2— total, 5.
Operations, year ending June 30, 1901.— Earnings (passenger, $22,762; freight, $70,530; other, $7,832),
$101,124. Operating expenses, $77,676. Net earning*, $23,448. Payments: Interest on bonds, $16,225: other
interest, $1,777; taxes, $1,859— total, $19,861. Surplus, $3,587.
574 POOR'S MANUAL OF RAILROADS— NORTHWESTERN GROUP.
collateral, fl. 351,000; materials, etc., 84.718; cash and current assets, $21,925— total, 84,958,605.
Funded Debt.— Under a provision in the mortgage, the traffic contract with the Northern Pacific Ry. Co.
and the rights of the owners of the Northern Pacific Ry. under that contract, are prior to the rights of the bond-
holder* under the mortgage.
Directors.— H. D. Moore, J. P. Whitney, Philadelphia, Pa.; Richard A. Harlow, Milton S. Gunn, Wm. J.
Fuchs, J. K. Scott, F. W. Sharne, Helena, Mont. OFFICERS : H. D. MOORE, Pres., Philadelphia, Pa.; Rirhard
A. Harlow, Vicr.-Pre*.; W. J. Fnchs, £«<;.,• F. W. Sharpe, Treas.; Robert Rantoul, Gen, Mgr., Helena, Mont,
GENERAL OFFICE, Helena, Mont.
MUSCATINE NORTH AND SOUTH RR.—Musc»tine to Elrick June., la., 28.67m.; total track
(steel; 00 Ita.), 81.68 mileft. Gauge, 4 ft. 8J in. Chartered in Jan., 1893; road opened Jan. 20, 1899. Locomotives,
3. Cars (passenger), 2.
Opsratiqns, year ending June 30, 1901. — Trains run (mixed), 40,050 miles. Passengers carried, 13,310 ;
carried onu mile, 1U6,4S9. Tons freight moved, 79,604; ton-miles, 2,235,251. Earnings (passenger, $6,815; freight.
$37,112; other, $75). §4-1,002. Operating expenses, 836,517. Net earnings, $7,485. Payments: Interest on bonds,
$22,5;iO; taxes, §1,381- total, $23,881. Deficit, $16,396.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock ($100 shares), $450,000 ; funded
debt (1st gold 5s of Jan. 1, 1929), $450,000; bills payable, $4,653; current liabilities, $12,859; other liabilities,
$12,450 -total, $929.968. Contra: Cost of road and equipment, $900,000; materials, etc., $1,367; cash and current
assets, $13,K'«1; profit and loss, $14,734— total, $929,962.
Directors.— H. F. Balch, M. J. Peppard, J. A. Nelson, Minneapolis, Minn.; Walter M. Gorham. Phila-
delphia, Pa.; Henry Jayne, P. M. Musser, Muscatine, la.; Geo. A. Seevers, Oskaloosa, la. OFFICERS : WALTBH
M. GOUHAM, I'rc*., Philadelphia, Pa.; H. F. Balch, Vice-Pres., Minneapolis, Minn.; Henry Jayne, Sec. <& Treas.;
Chas. Howard, dm. Mr/>:; George Reeder, Aud., Muscatine, la. GENERAL OFFICE, Muscatine, la.
OMAHA BRIDGE AND TERMINAL RY. CO.-Council Bluffs, la., to Omaha. Neb., 7.14 m.;
total track (steel ; 60 Ibs.), 22.46 miles. Gauge, 4 ft. 8± in. Double track steel railway bridge spanning the
Missouri River between Nebraska and Iowa, together with a line of railway between Omaha and East Omaha,
Neb., and Council Bluffs, la., and Sonth Omaha, Neb. Also a large mileage of terminals and side tracks. The
company was chartered Nov. 28, 1890, and the bridge and railway opened for traffic in Jan., 1894. It has connec-
tions, and does a transfer business, with all lines of railroad reaching Omaha, Council Bluffs, and Sonth Omaha.
The company owns exclusive franchises over the territory of East Omaha, and has in contemplation many
additions and improvements. A lease has been made with the Illinois Central RR. Co. for its use of this company's
bridge and terminals, for both freight and passenger business. The company has trackage rights over the
Missouri Pacific RR., from Sprague Station to South Omaha, 7.89 miles. Locomotives (3 leased), 5.
Operations, year ending Dec. 31, 1901.— Earnings (freight, $59,263; other, §1,993), $61,256; rentals, $50,000;
miscellaneous receipts, $5,201— total, $116,457. Operating expenses, $66,655. Net income, $49,802. Payments :
Interest on bonds, §50.000 ; taxes, $5,715— total, $55,715. Deficit, $5,913 ; deficit forward, $6,082 ; deductions
during year, $25,000; net deficit, $36,995.
General Balance Sheet, Dec. 31, 1901.— Capital stock paid in ($7,500,000 auth.; $100 shares), $5,000,000;
funded debt (1st 5s of Feb. 1, 1943), $1,000,000; current liabilities §20,172; other liabilities, $352,091— total, §6,372,263.
Contra: Cost of road, $6,253,488; equipment, $18,785 ; materials, etc., $3,718 ; cash and other assets, $59,277;
profit and loss, $36,995— total, $6,372,263.
Directors.— J. C. Welling, J. T. Harahan, J. F. Titus, Wm. G. Brnen, Chicago. 111. Wm. Baird, John R.
Webster, J. H. Daniels, Omaha, Neb. OFFICERS : J. C. WELLING, Pres., Chicago, 111.; John R. Webster, Vice-
Pres. & Gen. Mgr.; J. II. Daniels, Sec. <& Treas., Omaha, Neb. GENERAL OFFICE, Omaha, Neb.
RAILWAY TRANSFER CO. OF MINNEAPOLIS.-At Minneapolis, Minn., 8.8 miles.
Gauge, 4 ft. 8{ in. Rail (steel), 60 Ibs. The property of this company is owned by the M. & St. L. RR. Co., and
does a switching business with all railroads entering Minneapolis, and the flour mills and other industries in that
city. The company has trackage rights over the two main tracks of the M. & St. L. RR. Co., from 1st St. North
to 20th Ave. South, Minneapoli -, Minn., aggregating 3.15 miles of single track, 80-lb. steel rail. Locomotives. 4.
Operations, year ending June 30, 1901.— Earnings (switching), §130,900. Operating expenses, $iij.21o.
Net earnings, $6(i.690; other receipts, $50— total, $66,740. Paid rentals, $62.813; taxes, $3,927— total, $66,740.
Directors.— L. F. Day, A. E. Clarke, H. G. Kelley, F. Nay, Joseph Gaskell, Minneapolis, Minn. OFFICERS :
A. E. CLARKE, Pres.; L. F. Day, flet-Pret. & Gen. Mar.; Joseph Gaskell, Sec. & Treas.; J. A. Moynihan, Snpt.,
Minneapolis, Minn. GENERAL OFFICE, Minneapolis, Minn.
RED LAKE TRANSPORTATION CO.'S RR.— Red Lake to Nebish, Minn., 10 m.; branches
and spurs, 2 m. — total, 12 miles. Gauge, 4 ft. 8i in. Rail (steel), 35 Ibs. Chartered Dec. 9, 1897; road opened for
business Jan. 1, 1899. Locomotives, 3. Cars— freight (flat), 1 ; service, 43— total, 44.
Operations, year ending June 30, 1901.— Passengers carried, 346; carried one mile, 3,460. Earnings (pas-
senger, $138; freight, $0,353), $6,491. Operating expenses, $9,031. Deficit, $2,540.
Financial Statement, June 30, 1901.— Capital stock paid in (§100,000 auth. ; $100 shares), $80,000. Con-
tra: Cost of road and equipment, $67,787.
Directors. — C. H. Richards, H. K. Halvorson, Wm. Lindeen, A. Knudson, C. F. Carlson, Minneapolis,
Minn. OFFICERS : C. H. RICHARDS, Pres. & Treas.; H. K. Halvorson, Vice-Pres.; A. Knudson, Sec., Minne-
apolis, Minn. GENERAL OFFICE, Minneapolis, Minn.
ST. PAUL UNION DEPOT CO. (THE).— In St. Paul, Minn., 5.71 miles. The company uses 1.500
ft. of the St. Paul, Minn. & Man. Ry., under trackage rights. Gauge, 4 ft. 8f in. Rail (steel), 75 and SO Ibs.
Chartered March 5, 1879; road opened Aug. 22, 1881. All railroads (except the M. & St. L. RR.) entering St. Paul
use this depot. The Minneapolis and St. Louis RR. Co. and the Burlington, Cedar Rapids and Northern Ry. Co.
made formal application for use of the terminal, and were expected to enter upon its use within a few months
from July 1, 1902. Locomotives, 2 ; baggage trucks, 50 ; push cars, 2.
Operations, year ending Dec. 31, 1901.— Gross receipts (rentals, $154,043, miscellaneous, 824,776). $178,819.
Operating expenses, $135,986. Net receipts, $42,833. Payments : Interest on bonds, $26,500; dividends, $16,333
—total, $42,833.
General Balance Sheet, May 31, 1902.— Capital stock paid in ($1,000.000 auth.; $100 shares), $350,000;
funded debt (1350,000 1st 6s of 1930 : $150,000 consol. 5s and $100,000 consol. 4s of 1944), $500,000 ; construction
advances, J395.100; current liabilities, $5,477; interest accrued, $2,208; dividend accrued, $1,167— total, $1,253,952.
Contra : Cost of property. $1,249,473 ; cash and current assets, $4,479— total, |l,3fi8,96&
Directors.- J"hn F. Stevens, Thomas Cooper, 8. C. Stickney, W. A. Scott, George P. Lyman, St. Paul,
Minn.; H. II. Williams, Chicago, 111.; E. Pennington, Minneapolis, Minn. OFFICERS: W. A. SCOTT. />>•<*•.,•
Thos. Cooper, Vice-Pres.; H. P. Upham, Treas.; W. G. Johnson, Sec., St. Paul, Minn. GENERAL OFFICE,
St. Paul, Minn.
TABOR AND NORTHERN RY.— Tabor to Malvern, la., 8.79 m.; total track (steel, 5.79 m.), 9.79
miles. Gauge, 4 ft. Hi in. Rail— 35 and 56 Ibs. Chartered Nov. 3, 1887; road opened Dec. 30, 1889. Locomotive,
1. Cars— passenger. 1; baggage, etc., 1— total, 2.
POOR'S MANUAL OF RAILROADS. 575
Operations, year ending June 30, 1901 .—Earnings (passenger, $3,457; freight, $13,625; other, $1,133),
$18,215. Operating expenses, §11,431. Net earnings, $6,784. Charges: Interest on bonds, $2,530 ; taxes, $319 ;
other charges, $5— total, $'2.853. Surplus, $3,931.
General Balance Sheet, June 30, 1900.— Capital stock ($120,000 auth.; $50 shares) paid in, $23,500;
funded debt (1st 5s of April 10, 1919), $50,000 ; current liabilities, $30,894— total, $106,194. Contra : Cost of road
and equipment, $88,392 ; materials, etc., $1,248 ; cash and current assets, $2,740 ; profit and loss, $13,813— total,
$106,194.
Directors.— Robert McClelland, J. M. Barbour, H. C. Dye, Tabor, la.; Thomas McClelland, Galesburg,
111. OFFICERS: ROBERT MCCLELLAXD, Pre«. & Gen. Mffr., Tabor, la.; Thomas McClelland, Vice-Prtg., Galesburg,
111.; H. C. Dye, Sec. & Treas.; D. E. Low, Aud., Tabor, la. GENERAL OFFICE, Tabor, la.
UNION TERMINAL RY.— In Sioux City, la. (main line, 1.27 m.; 2d track, 1.04 m • sidings, 11.35
m.), 13.66 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered in June, 1900, and on July 1, following, took
over the property, rights, and franchises of the Sioux City Terminal Ry. and Warehouse Co., previously sold
under foreclosure (see MANUAL for 1899, page 670). In addition to the above track the company leases 5.50 miles
of sidings. Capital stock (auth., $2,500,000 ; $100 shares), $1,870,250, representing cost of property. No bonded
or floating debt.
Directors.— Sydney L. Wright, John Cadwalader, Charles C. Harrison, John W. Hamer, Adam A. Stnll,
Edwin S. Dix on, Isaac J. Wistar, Philadelphia, Pa.; William H. Blackford, Lawrason Riggs, Baltimore, Md.
OFFICERS : SYDNEY L. WRIGHT, Pres.; John Cadwalader, Vice-Pres.; Adam A. Stull, Treas.; Walter T. Bilyeu,
Sec., Philadelphia, Pa. GENERAL OFFICE, 514 Walnut St., Philadelphia, Pa.
WINONA BRIDGE RY. CO.— Winona, Minn., to Buffalo, Wis., 1.03 miles. Gauge, 4 ft. 8} in.
Rail (steel), 60 Ibs. Incorp. July 10, 1890; opened Sept. 1, 1891. Connects the Winona and Western KR. with
the Green Bay and Western Ry., and the Chic., Burl. & No. RR., and is leased by those companies for 30 years,
the lessees to pay $100 per month (over and above tolls) for maintenance, repairs, etc., and under severally exe-
cuted contracts to pass all traffic over the bridge.
Operations, year ending June 30, 1901.— Earnings (passenger, $4,867; freight, $15,285), $20,152. Operating
expenses, $3,602. Net earnings, $16,550. Deductions : Interest on bonds, $19,200 ; taxes, $404— total, $19,604.
Deficit, $3,054; deficit forward, $23,271— total deficit, $26,325.
O-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $400,000; funded debt (1st 5s of
Sept. 1, 1915), $384.000 ; current liabilities, $19,925 ; interest accrued, not due, $6,400— total, §810,325. Contra :
Cost of road. $784.000; profit and loss, $26,325— total, $810,325.
Directors.— Mark T. Cox, East Orange, N. J.; George B. Harris, J. C. Peasley, Chicago, 111.; H. W. Lam-
bertou, M. G. Norton, V. Simpson, Winona, Minn.; Daniel Cunningham, La Crosse, Wis.; J. A. Jordan, Green
Bay, Wis.; S. S. Palmer, New York, N. Y. OFFICERS : M. G. NORTON, Pres., Winona, Minn.; J. A. Jordan,
Vice-Pres., Green Bay, Wis. ; H. W. Lamberton, Treas., Winona, Minn. ; H. W. Weiss, Sec., Chicago, 111. GENERAL
OFFICE, Winona, Minn.
WYOMING AND MISSOURI RIVER RR.-Belle Fourche, S. D., to Aladdin, Wyo., 18 m.;
total track (steel ; 56 Ibs.), 19.25 miles. Gauge, 4 ft. 8i in. Chartered June, 1895 -road opened Feb., 1899. Built
as an outlet for the coal mines at Aladdin. Connects at Belle Fourche with the Fremont, Elkhorn and Missouri
Valley RR. Locomotive,!. Passenger car, 1.
Financial Statement, June 30, 1899 (latest rendered).— Capital stock, authorized and paid in ($100 shares),
$500.000. No bonds or other indebtedness. Cost of road and equipment to date, $250,000.
Directors.— M. S. Kemmerer, Walter Leisenring, Mauch Chunk, Pa.; J. L. Kemmerer, Scran ton, Pa.;
H.A.Butler, Mauch Chunk, Pa.; John D. Parker, Chicago, 111. OFFICERS: M. S. KEMMERER, Pres.; H. A.
Butler, Vice-Pres., Mauch Chunk, Pa.; D. W. Hickey, Gen. Mgr., Aladdin, Wyo.; J. L. Kemmerer, Sec. & Treas.,
Scranton, Pa. GENERAL OFFICE, Aladdin, Wyo.
YANKTON AND WESTERN RR.— Yankton. So. Dak., to Pierson, 5.2 miles. Gauge, 4 ft. 81 in.
Rail (steel), 5(5 Ibs. Successor in 1893 to the Sioux Falls, Yankton and Southwestern Ry. Co. (See MANUAL for
1893, page 610.) Operated by the C., M. & St. P. and C. & N. W. Ry. Cos., which supply rolling stock. No
further information obtainable.
YELLOWSTONE PARK RY.— Brisbin, Mont., to Yellowstone National Park, 90 miles. Completed
up to June 30, 1900: Mountain Side (June. No. Pac. Ry.) to Trail Creek, Mont., 11.2 m.; total track (steel; 56 Ibs.),
13.4 miles. Gauge, 4 ft. 8i in. Rail (steel), 56 Ibs. Chartered Sept. 21. 1898; road opened as above Dec. 1, 1898.
The road will tap rich coal fields and a good agricultural belt, besides opening a way for tourists to the National
Park. Equipment supplied by Northern Pacific Ry. Co. Capital stock, authorized and subscribed ($100 shares),
$1,500,000. No bonds.
Directors. — W. W. D. Turner, George Turner, J. C. Williams, Spokane, Wash. OFFICERS: W. W. D.
TURNER, Pres.; George Turner, Vice-Pres.; J. C. Williams, Sec. & Treas., Spokane, Wash. GENERAL OFFICE,
Spokane, Wash.
PACIFIC GROUP— States of California, Oregon, Washington,
Nevada, Utah and Idaho ; Territory of Arizona.
•
CALIFORNIA NORTHWESTERN RAILWAY COMPANY.
(LESSEE OP SAN FRANCISCO AND NORTH PACIFIC RY.)
(For map of this road, see page 577.)
Mileage Operated, June 30, 1901 (LEASED FROM S. F. & N. P. Ry. Co.).
Main Line : Tiburon to Ukiah, Cal 106.20 miles.
Sonoma Valley Branch : Ignacio to Glen Ellen, Cal , 26.63 "
Donahue Branch : Main Line Junction to Donahue, Cal 5.56 "
Sevastopol Branch : Santa Rosa to Sebastopol, Cal 6.25 "
Ouernemlle Branch : Fulton to Guerneville and Bohemia, Cal 20.88 "
Total length lines leased of S. F. & N. P. Ry. Co., June 30, 1901 165.52 miles.
Sidings, 30.88 miles. Gauge, 4 ft. 8| in. Rail (steel, 127.69 m.), 30, 50, 56, 65, and 70 Ibs.
In addition to its railroad lines the San Francisco and North Pacific Ry. Co. owns the
576
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
ferry from Point Tiburon to San Francisco, 6.5 milep, making the total mileage operated,
railroad and ferry, 172.02 miles.
History. — Chartered in March, 1898, with authority to construct about 200 miles of roa<3
from pointa on the San Francisco and North Pacific Ry. into the redwood forests of Mendo-
cino and Humboldt Counties, Cal. It is the intention to build only 60 miles of the road ai
first, and 22 miles of this section, from Ukiah to Willits, Cal., have been put in operatior
since the close of the fiscal year. The company leases the San Francisco and North Pacifi<
Ry., for twenty years from Sept. 20, 1898. The rental is an agreed amount ; besides which
at the expiration of three years, the net earnings in excess of such rental are to be dividec
among the stockholders of the San Francisco and North Pacific Ry. Co.
Rolling Stock, June 30, 1901 (Leased). — Locomotives, 21. Cars — passenger, 53 ; bag
gage, mail, and express, 6 ; freight (box, 149 ; flat, 270 ; stock, 13 ; caboose, 3), 435 ; service
84 — total cars, 578. Also 8 steamers and 1 floating pile driver.
Consolidated Income Account, year ending June 30, 1901.
Expenses— Maint. of Way and Structures $156.678 0;
Maintenance of Equipment 188,861 4:
Conducting Transportation 229,355 ft
General Expenses 84,699 1'
Earnings— Passenger $473,499 62
Freight 502,785 04
Mail and Express 47,026 15
Miscellaneous 15,689 09
Total ($6,284.74 per mile) $1,038,999 90 Total (83,989.79 per mile) $659,593 6-
Net earnings (36.52 p. c.), $379,406.26. Payments : Taxes, $41,826.89 ; interest on fundec
debt, S. F. & N. P. Ry. Co., $199,513.08; sinking fund, $25,000 ; dividend on S. F. & N. P
stock, $48,600— total, $314,939.97. Surplus, $64,466.29 ; surplus forward, $52,885.44— total
$117,351.73.
Statement of mileage, equipment, operations, etc., for seven years ending June 30 :
1895
1896
1897
1898
1899
1900
1901
Miles of Road
165.32
165 32
165.32
165 32
165 32
165 39
165 52
Miles of Track ....
194.03
194 42
194 65
194 85
195 53
196 20
196 40
Miles of Steel Rail
118.39
17
120.04
17
121.61
17
124.77
18
124.87
18
125.69
20
127.69
21
Passenger Cars
48
48
48
49
54
53
63
Baggage, etc., Cars
Freight and Other Cars.
Passenger Train Miles..
Frght and Mxd Tr. Mis.
Passengers Carried
Passenger Mileage
Freight (tons) Moved.. .
Freight (ton) Miles
Passenger Earnings
Freight Earnings
5
493
247,410
123,119
866,979
18,239,058
189.067
8,676,813
$
384,103
393,104
5
502
254,272
128.547
894,502
18,379,425
180,583
8,167,879
S
373,279
36r,257
6
500
2(il,779
117,316
891,195
18,600,457
169.525
7,499,347
S
359,983
320,751
6
502
261,042
127,787
902,640
19,985.204
188,123
8,901,236
$
392,382
396,526
6
505
261,826
130,636
9:35,644
21,157,782
226,807
10,409,105
$
412,940
455,506
6
517
262,528
140.277
1,021,658
22,640,779
220,594
9.277,900
$
44S.343
452926
6
519
276.02-
142.SH
1. 024.20
23,014,3'.!.
249.70
10,331,28,
S
473,50(
502,7a
Miscellaneous
49,434
50,422
50,361
51,055
53,800
56,954
62,71,
Gross Transp. Earnings.
Operating Expenses —
826,701
511,149
790,958
520,878
737,095
462,103
839,963
493,697
922,246
567,150
958,223
596,680
1,039,0<X
659,59-
Net Earnings
Payments: Int. on Bonds
Sinking Fund
315,552
206,140
25,000
270,080
205,550
25,000
274,992
204,915
25,000
346.260
203,050
25,000
355,096
201,900
25,000
301.543
201,743
25,000
379,40
199,51
25 00
Taxes
30,624
37,500
34,867
36,481
38,813
42,256
41 821
Dividends on Stock .
Balance ( +j»r — ) . . .
Gross Earn, per Mile. .
Gross Exp. per Mile . . .
Net Earn, per Mile... .
Expenses to Earnings .
Av. Rate per Pass. p. M.
Av. Rate per Ton p. M. .
(i) 30.000
+23,788
5,000 61
3,091 87
1,908 74
61. 83 p. c.
2.10 c.
4.53 c.
(1) 60,000
-57,970
4,784 40
3,150 73
1,633 67
65.87 p. C.
2.03 C.
4.01 c.
(t) 30,000
-19,790
4,458 59
2,795 20
1,663 39
62.69 p. c.
1.98 c.
4.35 C.
*60,000
+ 21,735
5,080 83
2,986 31
2,094 52
58.78 p. c.
1.96 c.
4.45 c.
*30,000
+59,383
5,578 65
3,430 62
2,147 93
61. 50 p. C.
1.95 c.
4.38 c.
*48.600
+ 43,944
5,796 17
8,609 24
2.186 93
62. 27 p. C.
1.98C.
4.88 C.
*48,6ft
+ 64,46)
I-.LNI :
2,394 9
63. 48 p. c.
2.06 c.
4.86 c.
* Rental paid S. F. & N. P. Ry. Co.
General Balance Sheet, June 30, 1900 (latest rendered).
Cost of Road $1,566,00000
92,680 78
65,165 75
48,426 18
39,011 31
laterials and Supplies
Current Accounts and Balances
Cash on Hand
Other Assets
Total Assets $1,811,284 02
Common Stock ($100 shares) $1,566,000 0
Current Liabilities 136,798 5
Taxes Accrued 17,800 0
37,8000
52,885 4
Rental A periled
Profit and Loss
Total Liabilities $1,811,284 0
California Northwestern By. Co.
LESSEE OF
SAN FRANCISCO
AND oPaskenta
NORTH PACIFIC RY.
Ollnipo
Gualala FoiintainnS "•
_, , COLU8A JC.
Sulphur
Williams
ANTA ROSA
LOS\ St.Helena
578
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
Funded Debt authorized, consists of $2,000,000 1st intge. sinking fund 5 p. c. 30-yr. $1,000 gold
bonds, due April 1, 1928, interest April and Oct., in San Francisco and in New York. The bonds have been
issued and arc in escrow with the Anglo-Califprnian Bank, to be applied to the construction of the road.
They are guaranteed both as to principal and interest by the San Francisco and North Pacific Ry. Co.
RAILROAD LEASED BY THE CALIFORNIA NORTHWESTERN KY. Co.
San Francisco and North Pacific Ry.—
Point Tlburon to 1'kiali. Cal., 106.2 m.; Donahue to
junction with main line, 6.56 m.; Fulton to Guerne-
ville and Bohemia, Cal., 20.88 m.; Santa Rosa to
Scbastopol, Cal., 6.25 m.; Ignaclo to Glen Ellen, Cal.,
20.03 m. — total, 165.52 m. ; total track (steel, 127.09
m.), 196.40 miles. Rail. 30 to 70 Ibs. In addition to
Its railroad lines, this company owns the ferry from
San Francisco to Point Tiburon, 6.5 m., making total
length operated, railroad and ferry, 171.82 miles.
Consolidation in March, 1889, of the San Francisco
and North Pacific, the Sonoma Valley, the Marln and
Napa, the Cloverdale and Ukiah, and the San Fran-
cisco and San Rafael RR. Cos. (See Manual for 1890,
page 824.) Leased for 20 years from Sept. 20, 1898,
to the California Northwestern Ry. Co. under terms
outlined in the statement for that company. The
ciiinpany reports that the lessee has compiled with
all the terms of the lease. Balance Sheet. .June 30
I'.MMI (latest rendered). — Capital stock ($100 shares),
M, 000, 000; funded debt (1st 5s of Jan. 1 1919)
$4,015,000; sinking fund paid to trustees. $275. 000;
rental. $25,777; profit and loss. $182,714 — total, $10,-
49S.491, Contra: Cost of road and equipment, $10 -
437,096; rental, $37.800; other assets, $23,595—
total, $10,498.491. There Is a sinking fund of $25,-
000 per annum for purchase of the bonds in the
market at not exceeding 110 and Interest. Arthur
W. Foster, Pres. ; Geo. A. Newhall. Vice-Pres. ;
Thos. Mellersh, Sec. & Contr. ; Anglo-Californlan
Hank. Treas., San Fanclsco, Cal. Office, Mutual
Life Building, San Francisco, Cal.
Board of Directors. C. N. W. Ry. Co., elected March 20, 1902.
A.\V. Foster — San Francisco, Cal. | Geo. W. Prescott.. San Francisco. Cal. | Geo. A. Newhall. San Francisco, Cal.
Geo. A. Pope San Francisco, Cal. I John P. .Overton San Francisco, Cal.
A. W. FOSTER, President San Francisco, Cal.
Geo. W. Prescott, Vice-President " "
Sec. & Controller— Thos. Mellersh. . .San Francisco, Cal. | Treasurer— Anglo-Calif oraian Bank.San Francisco, Cal.
PRINCIPAL OFFICE AND ADDBEBS 222 Sansome St., San Francisco, Cal.
NORTH PACIFIC COAST RAILROAD COMPANY.
Main Line Owned.— San Fran. toCazadero, Cal. (ferry, 6m.; RR., 80.75m.). .86.75 miles.
San Rafael Branch: Junction, Cal., to San Rafael, Cal 2.00 in.
Mill Valley Branch : Mill Valley June, to Mill Valley 1.75 m.— 3.75 "
LEASED LINE : San Rafael and San Quentin RR.: San Quentin to San Rafael. . 3.50 "
Total length of lines (ferry, 6 m. ; railroad, 88 m.) 94.00 miles.
Sidings, etc., 12 miles. Gauge, 3 ft. Rail (steel, 46.75 m.), 35 to 56 Ibs.
History. — Chartered Dec. 16, 1871 ; road opened to Duncan's, May 15, 1877. Purchased
the Northwestern RR. and the San Francisco, Tamalpais and Bolinas RR., in 1892. Leased
the San Rafael and San Quentin RR., for 43 years, March 11, 1875. In connection with its
railroad lines, the company operates stedm ferries from San Francisco to Sausalito, 6 miles,
and to San Quentin, 11.5 miles.
Rolling Stock, June 30, 1901. — Locomotives, 13. Cars — passenger, 58 ; baggage, mail,
and express, 3 ; freight (box, 43 ; flat, 284 ; stock, 12), 339 ; caboose, 2— total cars, 402.
Operations, year ending June 30, 1901. — Train mileage — passenger, 331,652 ; freight,
78,429 ; other, 18,130— total, 423,211 miles. Passengers carried, 1,699,100 ; carried one mile,
21,567,014; average mile rate, 1.36 cents. Tons freight moved, 77,387; moved one mile,
2,894,908 ; average ton-mile rate, 4.47 cents.
Earnings— Passenger $292,942 45
Freight 129,41221
Mail and Express 23,336 86
Miscellaneous 12,028 22
Total (§4,869.36 per mile) $457,719 74
Expenses— Maint. of Way and Structures. . . $56,492 80
Maintenance of Equipment 35,101 48
Conducting Transportation 209,047 56
General Expenses 22,771 83
Total ($3,440.57 per mile) $323,413 67
Net earnings (29.15 p. c.), $134,306.07. Payments : Interest on funded debt, $77
other interest, $1,737.03 ; taxes, $11,069.49— total, $90,425.23. Surplus, $43,880.84;
forward, $77,661.33 ; additions during year, $26,255.85— total, $147,798.02.
Capital account, income, etc., for eight years ending June 80 :
,618.71 ;
surplus
Years Capital
Years- Stock.
Bonded
Debt.
Cost HR.
Invest's.
0°pd Gross Net Net
jj|!e|j Earnings. Earnings. Income.
Interest
Paid.
Taxes.
Total
Pay-
ments.
Balance
$
$
$
Miles.
$
$
$
$
S
$
$
1894.
2,709,500
1,600,000
3,502,712
94.00
369,448
78,441
92,189
80,970
7,889
90,110
+ 2,079
1895.
2,879,500
1,498,000
3,631,478
94.00
350,865
72,779
92,406
82,785
6,448
90,637
+ 1,769
1808.
1,500,000
1,498,000
3,035,370
94.00
353,365
86,291
86,291
81,252
13.378
94,834
- 8.543
1897.
1,500,000
1,498,000
3,035,370
94.00
348,130
118,904
118,904
80,800
11,016
93,407
+ 25,497
1898.
1,500,000
1,473,000
3,053,828
94.00
355,281
118,742
118,742
80,550
12,311
118,503
+ 839
1899.
1,500,000
1,448,000
3,054,058
94.00
392,148
142,840
142,840
79,050
12,361
91,411
+ 51.429
1900.
1,500,000
1,423,000
3,099,759
94.00
423,124
150,012
150,012
76,800
14,817
91,617
4- 5S.3SI5
1901.
1,500,000
1,498,000
3,329,503
94.00
457,720
134,306
134,306
79,356
11,069
90,425
+ 43,881
POOR'S MANUAL OF RAILROADS.
679
General Balance Sheet, June 30, 1901.
Cofrt of Road $2,648,602 40
i.f Equipment 680,90043
Matt-rials and Supplies
('uncut Accounts
on Hand
9,192 37
14,24096
19,909 79
Total Assets .......................... $3,372,845 95
Capital Stock Paid in ($100 shares). .$1,500,000 00
Funded Debt Outstanding (see below) 1,498,000 00
Current Liabilities 195,569 64
Interest Accrued 31,478 29
Profit and Loss 147,798 02
Total Liabilities $3,372,845 95
FUNDKD DEBT outstanding on June 30, 1901, consisted of $515,000 1st gold 6s of Nov. 1, 1901, and
$983,000 ($1,500,000 auth.) gen. gold 5s of July 1, 1912. The $515,000 1st mtge bonds were retired at
maturity, an equal amount of gen. mtge. bonds being issued in place of them. Additional particulars
respecting the funded debt are in the Ready Reference Bond List — see General Index.
San Rafael and San Qnentln H It. s m
Rafael to San Quentin, Cal., 3.50 miles. Chartered
Feb. 25, 1869; road opened In March, 1871. Leased
March 11, 1875, to North Pacific Coast RR. Co.; ren-
tal, $1 per annum. Capital stock, $43,820.
Board of Directors, North Pacific Coast RR. Co., elected August 13, 1900.
James B. Stetson. San Francisco, Cal.
Jno. C. Coleman. '
A. H. Small San Francisco, Cal.
C. K. Winslow. . " "
J. H. Myer San Francisco, Cal.
. C. DeGuigne "
A. H. Payson San Francisco, Cal.
JAMES B. STETSON, Pres. & Gen. Manager San Francisco, Cal.
Jno. C. Coleman, Vice-President "
Treasurer— 3. H. Myer San Francisco, Cal. | Sec. & Aud.—V. B. Latham San Francisco, CaV
PRINCIPAL OFFICE AND ADDRESS 14 Sansome St., San Francisco, Cal.
SOUTHERN PACIFIC COMPANY.
(For maps of this company's systems, see pages 582 and 583.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREIXBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Betterments and Additions, 1901.. 25
Capital Expenditures, 1901 28
Capital Stock 21
Changes in Funded Debt, 1901 ... 23
Cousol. Balance Sheet, Prop. Cos. 20
Consol. Inc. Acct., Prop. Cos 12
Consol. Profit and Loss Acct. of
Proprietary Cos 13
Construction in 1900-1901 la
Directors and Officers 32
Earnings, etc., Entire System 15
Earnings, Exp., etc., 1900 & 1901. 6
Equipment, Schedule of 4
Fixed Interest Charges 17
Floating Equipment 5
Funded Debts, All Companies... 17
Funded Debt, So. Pac. Co 22
Gen. Bal. Sheet, S. P. Co., 1901.. 16
Gen. Balance Sheet, 1895-1901.. 19
General Operations, All Lines... 7
Gila Valley, Globe & No. Ry
Operations 14
Guaranteed Bonds 17 and 17b
History 2
Inc. Accts., Prop'y Cos 11
Inc. Acct., So. Pac. Co. and Pro-
prietary Cos 9
Income Account, So. Pac. Co 8
Land Department 29
Land Grant Accounts 30
Leases, Terms of 3
Lines of Road in Detail la
Mileage of System, June 30, 1901. 1
Omnibus Lease 3
Operations, ] 900 an d 1 901 0
Operations of Texas Lines 7
Pac. Mail SS. Co., Operations... 15
Profit and Loss Acct., So. Pac.
Co. and Prop. Cos 10
Profit and Loss Acct., S. P. Co... 8a
RollingStock 4
San Ant. & Ar. Pass Ry., Oper... 14
Sinking Funds 26
Stocks and Bonds in Treasury ... 24
Stocks and Bonds Pledged 18
Subsidiary Cos., Statements for.. 31
Terms of Leases 3
Trust Fund, Prop'y Cos 27
Proprietary
Railroads
(5,869.73 m.)
Leased Lines
(350.70 m.):
1. Mileage, June 30, 1901.— J.. OPERATED BY THE S. P. Co. (total, 6,220.43 miles).
' Morgan's Louisiana & Texas RR. & SS. Lines 323.77 miles.
Louisiana Western RR 140.67 "
Southern Pacific RR. of New Mexico 167.45 "
Southern Pacific RR. of Arizona 392.90
Southern Pacific RR. of California 2,712.84
South Pacific Coast Ry 101.10
Central Pacific Ry 1,359.30
Oregon and California RR 671.71
] New Mexico and Arizona RR 88.10
( Sonora Ry 262.60
B. CONTROLLED BY THE S. P. Co., BUT OPERATED BY THEIR OWN
ORGANIZATIONS (total, 2,796.45).
Texas and New Orleans RR 373.95
Galveston, Harrisburg and San Antonio Ry 917.00
Galveston, Houston and Northern Ry 56.25
Houston, East and West Texas Ry 190.69
Houston and Shreveport RR 39.05
Controlled
Directly
by
S. P. Co.
(2,669.12 m.)
New York, Texas and Mexican Ry 122.41
Houston and Texas Central RR • 507.75 "
Austin and Northwestern RR 107.86 ' '
Central Texas and Northwestern Ry 12.57 "
Fort Worth and New Orleans Ry 41.97 "
L Car.son and Colorado Ry. (gauge, 3 ft.) 299.62 "
Controlled through M. La. & T. ( Iberia and Vermilion RR 16 13
RR. & SS. Co. (127.33 m.) : | Gulf, Western Texas and Pacific Ry. ... 111.20 "
Total mileage (proprietary, 8,666.18 m.; leased, 350.7 m.), June 30, 1901. .9,016.88 miles.
580
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
2d track, 107.27 m.; sidings, etc., 2,104.53 in.; ferries, 10.69 m.; river and ocean lines, 5,3(
miles. Gauge (except C. & C. Ry.), 4 ft. 8£ in. Rail (chiefly steel), 35 to 96 Ibs.
The mileage of the Southern Pacific RR. of California includes the length of the 31<>ja\
Division, 242.51 miles, which is leased to th ; Atchison, Toneka and Santa Fe Ry. Co., redm
ing the length of lines operated by the Southern Pacific Co. to 5,977.92 miles.
Proprietary Lines.
Austin & Northwestern RR. ; Miles.
Austin to Llano, Tex 99.75
Fairiand to Marble Falls, Tex 0.69
Bessemer to Olive Iron Mines, Tex 1 .42
la. Statement in detail of the mileage of railroads, ferries, river and ocean lines coi
trolled by the Southern Pacific Co. on June 30, 1901, arranged alphabetically without refV
ence to the classification in Sec. 1, which see :
Iberia and Vermilion RR. : Mile
Salt Mine Junction to Abbeville, La 1(J.
Louisiana Western RR. :
Lafayette, La., to Sabine River, La 105.
Midland to Eunice, La ^:1.
Midland to Gueydon, La 11.
Total, La. Western RR 140.
Morgan's La. & Tex. RR. & SS. Co. (owned 300.17 m.) :
Algiers to Lafayette, La 1 44 .
Lafayette to Cheneyville, La 60!
Alexandria Terminal, La 1.
Cade to Arnaudville, La 29.
New Iberia to Salt Mine, La 9.
Baldwin to Cypremort, La 15.
Schriever to Houma, La 14.
Total A. &N. W. Ry 107.86
Carson and Colorado Ry. (n. a.) ;
Mound House, Nev., to Keeler, Cal
Junction to Candelaria, Nev
293.62
6.00
Total C. & C. Ry 299.62
Central Pacific Ry. (owned, 1,348.66 m.):
Oakland Local lines, viz. :
Oakland Pier to East Oakland
Alameda Local lines, viz. :
Oakland Pier to Melrose
Mastick Station to Alameda Wharf
East Oakland to Fernside
Oakland to Niles
San Jose, Cal., to near Ogden, Utah
Ogden Un. Sta. to Utab Cent. Crossing..
Roseville to Oregon State Line
Lathrop to Goshen
San Francisco to Oakland (Ferry 3.69 m.)
San Francisco to Sacramento (River line 125 m.)
Marysville Steamboat line iRiver line 190 m.).
Leased
( Union Pacific Ry. ; Ogden west
MS. P. RR. of Cal.; Brighton to Sacra-
( mento .
4.84
8.31
1.25
1.98
26.39
863.12
0.11
296.58
146.08
5.00
5.64
Total, Central Pacific Ry.
Central Texas & Northwestern Ry.:
Garrett to Waxahatchie, Tex
Cromwell Steamship Co. :
New York to New Orleans (Ocean line 1,800 m.)
Direct Navigation Co. (Texas) :
Houston to Galveston (River line 75m.)
Fort Worth & New Orleans Ry.:
Waxahatchie to Fort Worth, Tex
Galveston, Harrisburg & San Antonio Ry.:
Houston to El Paso, Tex
Spofford to Eagle Pass, Tex
Harwood to Gpnzales, Tex
Smith's Junction to La Grange, Tex
Stella to Harrisburg, Tex
Total, G., H. & S. A. Ry
,359.30
12.57
41.97
833.41
35.05
12.30
28.50
917.00
Galveston, Houston and Northern Ry.:
Magers to Galveston. Tex
Strang to Laporte, Tex
Total, G., H. & N.Ry ,
Gulf, Western Texas and Pacific Ry. ;
Port Lavaca to Cuero, Tex
Victoria to Beeville, Tex
Total, G., W. T. & P. Ry
Houston, East and West Texas Ry.:
Houston, Tex., to Logansport, La
Houston and Shreveport RR.:
Logansport to Shreveport, La
55.14
56.06
111.20
190.69
39.05
Houston & Texas Central RR.:
Houston to Dennison, Tex 337.98
Hempstead to Austin, Tex 115.00
Bremond to Ross, Tex 54.77
Total, H. & T. C. RR 507.75
Schriever to Napoleon vi He, La.
Raceland Branch, La ......................... 2.
New Orleans to Algiers (Ferry 1 m.i ..........
New Orleans to New York (Ocean line 1 ,800 m.)
New Orleans to Havana, via Tampa and Key
West (Ocean line 700m.) ..................
Morgan City to Brazos, Santiago (Ocean line
570 m.) .....................................
Morgan City to point on Bayou Teche (River
line 105 m.) .................................
Leased: Texas & Pacific Ry. Co. :
Cheneyville to Alexandria .................... 23.
Total M. La. & Tex. RR
New York, Texas and Mexican Ry.:
Rosenberg to Victoria, Tex ................. 91.
Wharton to Van Vleck, Tex .................. 31.
Total, N. Y., Tex. & Mex. Ry ............ 122.
Oregon and California RR. (owned, 669.99 m.):
Portland, Ore., to State line, Cal ............. 866.'
Portland to Corvallis, Ore ............. ...... 96.;
Woodburn to Natron, Ore ................... 92:
Albany Junction to Lebanon, Ore ............ 11.
Portland to Airlie, Ore ....................... 79.
Sheridan Junction to Sheridan, Ore ........... 7.
Mohawk June, to Wendling, Ore ...... .- ...... 15.
Leased: Northern Pacific Ter.Co., Portland, Ore. 1 .
Total Ore. & Cal. RR ..................... 071 .
South Pacific Coast Ry. (n. g.):
Alameda to Santa Cniz, Cal ................... 77.
Alaineda June, to 14th St., Oakland .......... 1:
Newark to Centerville, Cal ................... 3.1
Campbells to New Almaden, Cal .............. 9J
Felton to Boulder Creek, Cal ............... 7.i
June. South Big Trees to Old Felton, Cal ..... 1 .
San Francisco to Alameda (Ferry 3 m.) .......
Total 101.:
Southern Pacific RR. (of Arizona):
East Bank of Colorado River to Arizona and
New Mexico line 392.!
Southern Pacific RR. of Cal. (owned, 2,705.60 m.):
San Francisco to Tres Pinos 100.<
Alcalde to Mojave 202.1
Mojuve to Yuma 349.:
Mojave to Needles *242.i
Carnadero to Salinas City 35.:
Salinas City to San Miguel 90.1
(Continued on ncsct page.)
POORS MANUAL — SOUTHERN PACIFIC COMPANY.
581
Miles.
Los Angelea to San Pedro 24.65
San Miguel to Elwood 241.99
Stockton to Milton 25.82
Baden to South San Francisco 1.51
San Bruno to South San Francisco 2.16
Hill.tdale to New Almaden 7.71
Pajaro to Santa Cruz 21.80
Aptos to Monte Vista 7.08
Castroville to Lake Majella i 19.55
Avon to San Eamon 20.27
Near Martinez to Armona 193.27
Collis to Fresno 15.15
Peters to Oakdale 18.93
Oukdale to Merced 40.33
Berenda to Raymond 21.00
Fresno to Pollasky 24.11
Fresno to Famoso 102.28
Bakersfleld to Stevens 15.12
Stevens to Rio Bravo 7.76
Rio Bravo to Lokern 14.91
Lokern to Asphalto 10.27
Burbank to Ohatsworth Park 21.62
Clement Jc. to Santa Monica 15.51
Santa Monica to Port Loa Angeles 2.35
Soldiers' Home Branch. 2.97
San Pedro to Point Fermin 2.92
Florence to Santa Ana 28.26
Miraflores to Tustin 11.70
Studebaker to Whittier 5.91
Long Beach to Thenard 4.02
Shorb to Pasadena 4.83
Shorb to Duarte 13.71
Anaheim to Los Alamitos 10.08
Ontario to Chino 5.78
Declez to Declezville 2.55
San Bernardino to Riverside 11.09
Redlands June, to Crafton 7.19
Riverside Extension 1.47
Bassett to Pomona 17.40
Pomona June, to South Pomona 2.24
Pomona to Chino 2.20
Montalvo to west end of Simi Tunnel 37.70
Salinas to Salinas Sugar Factory 2.82
San Buenaventura to Nordhoff 15.13
Goshen to Exeter 16.79
Anaheim Extension 1.70
Anaheim to Loara Junction 2.59
Surf to Lampoc 10.35
Guadalupe to Betteravia 3.62
Madera to end of track 3.91
Santa Ana to Newport Beach 11.71
Newport Beach to Smeltzer 10.76
Oil Junction to Oil City 6.38
Treadwell Junction, North 2.47
McKittrick to Olig 1.96
West Oakland to near Martinez 31.04
Benicia to Suisun. . . 16.35
Miles.
Woodland to Tehama 100.84
Shell Mound to Berryman 3.84
Willows to Fruto 16.84
Elmirato Rumsey 51.39
Napa Junction to Santa Rosa 36.95
Sacramento to Placerville 59.73
Gait to lone , 27.21
Woodbridge to Valley Springs (n.g.) 29.26
Port Costa to Benicia (Ferry 1 m.)
16th Street, Oakland, to West Berkeley 4.11
16th Street, Oakland, to Shell Mound 1.55
Fair Oaks June, to Fair Oaks Bridge 2.14
Oroville to Marysville 25.97
Marysville to Knight's Landing 27.75
Vallejo to Sacramento 60.39
Davis to Knight's Landing 18.64
Napa Junction to Calistoga 34.48
Vallejo June, to Vallejo (Ferry 2 m.)
Leased: San Bernardino to Motor June. (n. g.). . 7.24
Total, So. Pac. RR. of Cal 2,712.84
Southern Pacific BE. of New Mexico :
Arizona State line to east bank of Rio Grande 167.45
Texas and New Orleans RR.:
Sabine River to Houston, Tex 112.16
Sabine Pass to Rockland, Tex 103.11
Rockland to North of Nacogdoches, Tex 50.41
Dallas to Frankfort, Tex 100.15
Houston to Clinton, Tex t8.12
Total, T. &N. 0. RR 373.95
Total Proprietary 8,666.18
Leased Lines.
New Mexico and Arizona RR. (Arizona) :
N. M. & A. June, to Nogales, Ariz 88.10
Sonora Ry.;
Nogales to Gnaymas, Mex 262.60
Total Leased Lines ... . 350.70
RECAPITULATION.
Miles of Main Line, Proprietary Roads ____ 8,666. 18 m.
Miles of Main Line, Leased ............... 350.70 m.
Miles of Second Track, Proprietary Lines. 107.27 m.
Mi les of Sidings of Proprietary Lines ..... 2,079 . 63 m.
Miles of Sidings of Leased Lines ......... 24.90 m.
Total Mileage of Tracks .............. 11,228.68 m.
Ferries
River and Ocean Lines
10.69 m.
5,365.00 m.
* Leased to the Atchison, Topeka and Santa Fe Ry. Co. t Owned by the Texas Transportation Co.,
but purchased by Texas and New Orleans RR. Co. in 1896, subject to, but without assuming, mortgage of
$350,000 1st mtge. 5 p. c. bonds.
The properties and mileage reported this year include the property and mileage of the
Houston & Texas Central RR. Co., Austin & Northwestern RR. Co., Central Texas & North-
western Ry. Co., and Fort Worth & New Orleans Ry. Co., aggregating 670.15 miles of main
track and 157.23 miles of sidings ; also the property of the Cromwell Steamship Co., operat-
ing a line of steamers between New York and New Orleans. The purchase of the capital
stocks of said companies was included in the expenditures for capital account in the state-
ment on page 623 of the MANUAL for 1901. The mileage, earnings and expenses, assets and
liabilities, and other transactions of said companies were not, however, until this year,
included with the operations of other proprietary companies of the Southern Pacific Co.
There was added to the mileage of existing lines, during the year ending June 30, 1901,
140.365 miles of main track, as follows :
New York, Texas & Mexican Ry. — The road under construction, referred to in the MANUAL
fci 1901, was completed from Wharton to Van Vleck, a distance of 31.41 miles, and opened
for business in Sept., 1900.
Oregon & California RR. — An extension from Mohawk Junction to Wendling, 15.95
miles in length, was opened for business in Jan., 1901.
Southern Pacific RR. (of California}. — On the Coast Division the gap between San
Miguel and Elwood (17.888 miles) was finished and the completed line opened for business
in March, 1901. The Montalvo Branch was extended from Strathearn to the west end of
Simi Tunnel, a distance of 9 miles. Extensions were built into the oil districts in Southern
SOUTHERN PACIFIC
SYSTEM
PACIFIC SYSTEM.
582
584
POOR'S MANUAL OF RAILROADS— PACIFIC GROUP.
California, as follows: Oil Junction to Oil City, 6.378 miles ; from Treadwell Junction no:
wardly, 2.474 miles, and McKittrick to Olig, 1.957 miles. Extensions were also built from
Anaheim to Loara Junction, 2.588 miles, and from Fair Oaks Junction to Fair Oaks Bridge,
2.140 miles. Total additions during the year, 42.425 miles.
Texas & New Orleans RR. — The extensions of the Dallas Division were completed within
the time required under the Act of the Legislature of Texas. On May 20, 1901, tlie line from
Athens southwardly to Frankfort, 25.13 miles, and the line from Rockland northwardly,
25.45 miles, were opened for business.
Pacific Mail Steamship Company. — It was deemed important that the company should con-
trol a steamship line, running in connection with its rail line, from San Francisco to the
Hawaiian and Philippine Islands, China, Japan, and other Asiatic ports. It was thought best
to acquire an interest in a line having already well-established connections, and the company,
in Dec., 1900, acquired 100,100 shares, of the par value of $100 each, of the Pacific Ma'il
Steamship Co., out of 200,000 total outstanding shares.
The total additions to the operated mileage of the company's system since las-t report
were 810.135 miles of new lines taken over and built, (after deducting 0.304 mile net decrease
from changes in locations of lines), 10.344 miles of second track, and 320.12 miles of sidings.
Excluding the Mojave Division, leased to the Atchison, Topeka and Santa Fe Ry. Co.,
the operated mileage of the company's system on June 30, 1901, comprised 8,423.676 miles of
"Proprietary" and 350.697 miles of "Non-Proprietary" lines. The average number of
miles of road operated for the year was 8,654.97 miles.
Since the proprietary companies comprise in effect the Southern Pacific Co., a full state-
ment of the affairs of the latter requires a consolidation of the exhibits for both the proprie-
tor company and its proprietary lines. The financial affairs of the Mexican International
RR. Co. do not appear in this report, as the stock owned in that company is not a majority
of the whole ($16,975,000), and as the line is not operated by the Southern Pacific Co.
2. History. — The Southern Pacific Co. is a corporation created by special charter from
the State of Kentucky, authorizing it, among other things, to contract for and acquire, by
purchase or otherwise, stocks, bonds, or securities of any company, corporation, or association;
to enter into contracts in respect to the construction, establishment, acquisition, owning,
equipment, leasing, maintenance, or operation of any railroads, telegraphs, or steamship lines,
or any public or private improvements, and to buy, hold, sell, and deal in all kinds of private
and public stock, bonds, and securities. The company was organized on Aug. 14, 1884, and
commenced practical operations on March 1, 1885, when the "Omnibus Lease" (see Sec. 3)
went into effect. The other proprietary lines have been acquired from time to time since
then as shown in the MANUAL for 1900, on pages 612 and 618, and in the MANUAL for 1901,
pages 611 and 614. The New Mexico and Arizona RR. and the Sonora Ry. are leaded from
the Atchison, Topeka and Santa Fe Ry. Co. until Sept. 1, 1979, this company agreeing to pay
an annual rental of $54,646.86 in U. S. gold coin for the former and $163,486.14 in like gold
coin for the latter. On the other hand, the Mojave Division of the Southern Pacific RR. in
leased to the Atchison, Topeka and Santa Fe Ry. Co., also until Sept. 1, 1979, at an annual
rental of $218,133 in U. S. gold coin.
3. Terms of Leases. — The " Omnibus Lease " embraces (with the exception of the lines
in the State of Texas, which are operated, under statutory requirements of that State, inde-
pendently and by their own officers) the lines forming nearly all of the Southern or "Sunset "
route from San Francisco to New Orleans by rail, and thence to New York by steamer,
together with their lateral lines and branches. The Southern Pacific Company agrees to
maintain said roads, to pay all fixed and other charges, including interest on bonds and floating
debt, and to divide the surplus net profit between the parties to the agreement in the follow-
ing proportions :
Southern Pacific RR. Co. of California 44 p. c.
Southern Pacific RR. Co. of Arizona 10 "
Southern Pacific RR. Co. of New Mexico 6 "
Louisiana Western RR. Co 7 p. c.
Morgan's Louisiana & Texas RR. & SS. Co. .23 "
Southern Pacific Co 10 "
Betterment and additions to leased lines and equipment are currently made by the lessee,
and the payments therefore become annually a charge to the lessors, each being charged with
the cost of the additions to its separate property. The lease is for 99 years.
Under date of July 1, 1889, in conformity with a statute of the State of Texas, all leases
of railroads in that State were cancelled, and the properties have since been operated by their
own officers. The following comprise the lines in Texas controlled by the Southern Pacific
POOR'S MANUAL— SOUTHERN PACIFIC COMPANY.
585
Co.: Texas and New Orleans RR., Galveston, Harrisburg and San Antonio Ry., Gulf,
Western Texas and Pacific Ry., and New York, Texas and Mexican Ry. On Dec. 31, 1901,
the lease of Morgan's Louisiana and Texas RR. and SS. Lines was terminated, as was that
of the Lousiana Western RR. Those properties are now operated by their own organiza-
tions, but in connection with the Southern Pacific System.
On April 14, 1898, the California Pacific RR. Co., the Northern Ry. Co., and the North-
ern California Ry. Co., were merged into the Southern Pacific RR. Co. of California, but the
consolidation did not annul the separate leases of their properties to the Southern Pacific Co.
The terms of those separate leases are outlined in the following three paragraphs :
California Pacific RR. — Leased for 50 years from Nov. 1, 1886, at a yearly rental of
$600,000. Lease modified Nov. 1, 1896. Under the terms of modification the Southern
Pacific Co. pays over to the lessor 80 p. c. of the earnings remaining after the payment of
operating expenses, taxes and rentals. The terms of the agreement, including the amount
of rental, are subject to change every five years, if wished for, and any revision proposed is
to be determined by arbitration.
Northern Ry. Co. — A new lease was made with this company July 1, 1888, to run for 99
years from that date, covering all of the company's lines as consolidated, and which now are
or hereafter may be constructed. The lessee pays from net earnings of the property interest
on bonded and floating debt, the surplus up to 6 p. c. on its capital stock going to lessor, the
lessee retaining all over that amount. Betterments are made by lessee and charged annually
against lessor. Lessee guarantees principal and interest of bonds.
Northern California Ry. Co. — Leased for 40 years from June 1, 1889. Lessee pays from
net earnings all fixed and other charges, including interest on bonded and floating debt, and
charges for betterments and additions. Any balance is retained by or charged to the lessee.
Central Pacific Ry. Co. — The property of the Central Pacific RR. Co. was leased to the
Southern Pacific Co. on Feb. 17, 1885, and lease modified Jan. 1, 1888. On Jan. 1, 1894, the
old lease was cancelled, and a new one, to run 90 years, entered into. By its terms the
Southern Pacific Co. was to pay from the net earnings of the road all expenses of operation,
fixed and other charges, including sinking fund and United States requirements, and $10,000
for organization expenses ; any surplus up to 6 p. c. on the capital stock of the Central
Pacific to be paid over to that company, but the lessee to retain one-half of any surplus in
excess of such 6 p. c. on stock. Under the plan for the readjustment of the financial affairs
of the Central Pacific RR. Co., dated Feb. 8, 1899, and the transfer of its property to the
Central Pacific Ry. Co., the terms of the lease were not disturbed (see MANUAL for 1900,
page 637).
Oregon and California RR. Co. — Lease is for 40 years, from July 1, 1887, at a rental
equal to interest on bonds and all current fixed charges, and dividends up to 6 p. c. on
common and 7 p. c. on preferred stock, any surplus over dividends being retained by lessee.
Betterments and additions are made by the lessee for account of lessor.
South Pacific Coast Ry. Co. — Lease is for 55 years, from July 1, 1887. Lessee pays from
net earnings all fixed and other charges, including interest on bonded and floating debt, and
charges for betterments and additions and any balance is retained by or charged to the lessee.
4. Rolling Stock (Proprietary Companies and Southern Pacific Co.), June 30, 1901. —
Locomotives, 1,282. Cars (passenger, 1,250; freight, 35,476; road service, 1,738), 38,464, as
follows :
Passenger Equipment.
Baggage, Express, and Mail ... 266
Baggage and Passenger . 89
Business 27
Chair 38
Composite 11
Cafe 3
Dining 16
Parlor 2
Passenger 738
Postal 39
Tourist ... 21
Total 1,250
Freight Equipment.
Box 19,051
Caboose 542
Flat 10,197
Fruit 846
Furniture 288
Gondola 2,397
Oil Tank 23
Pit 2
Refrigerator 205
Stock 1,431
Tank 494
Total 35,476
Road Service Equipment.
AirBrake 2
Ballast 284
Derrick 23
Derrick Tender 69
Ice Flanger 16
PileDriver 27
Station and Maint. of Way. . . . 1,053
Steam Shovels and Tenders. . . 6
Snow-plows 14
W ater 231
Miscellaneous. . . 23
Total.
1,738
5. Floating1 Equipment, June 30, 1901. — Cromwell 88. Co.: 4 steamships. Morgan's
Louisiana and Texas RR. and 88. Co. : 8 steamships, 1 car transfer steamer, 4 river steamers,
586
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
6 tugs, 1 car transfer barge, 11 barges, 3 derrick boats, 1 steam pile driver, 2 steamship stern
docks, and 1 dredge boat. Direct Navigation Co.: 3 tugs, 9 barges, 1 derrick boat, 1 pile
driver, and 1 pile driver barge. Central Pacific Ry. Co.: 5 passenger ferry steamers, 2 car
transfer steamers, 5 river steamers, 1 tug, 4 barges, and 2 dredges. South Pacific Coast My.
Co. : 2 passenger ferry steamers and 2 car transfer steamers. Southern Pacific RR. Co. (of
California) : 1 car transfer steamer and 1 tug. Southern Pacific Co. : 10 ocean steamships
and 1 tug. Recapitulation : 22 Bteamships, 9 river steamers, 7 passenger ferry steamers, 6
car transfer steamers, 12 tugs, 24 barges and 12 miscellaneous vessels.
6. Traffic and Transportation Operations. — Statement of train mileage and traffic
operations, earnings and expenses of all lines, including the Houston and Texas Central RR.
and lines in Texas subsidiary thereto, and the Cromwell Steamship Line, for two fiscal years
ending June 30 :
1900
1901
1900
1901
Miles Road Operated (aver.). ..
Passenger Train Miles
8,215.32
12,259,376
16,309,350
1,187,218
8,654.97
13,204,999
17,624,044
1,368,987
Earnings — Passenger
16,772,260 80
42,997,396 49
2,870,562 97
2,639,401 94
18,862,094 27
50,231.08291
3,046,531 66
1,023,849 06
Freight Train Miles. .. ..
Freight
Mixed Train Miles
Mail,Express & Bag.
Total Revenue Train Miles.
Total Traffic Train Miles. .
Pass. Carried, Thro1 & Local . .
Perry — Suburban
29,755,944
34,110,751
9,914,429
15,348,722
32,198,030
36,882,861
11,506,090
15,910,023
Total Rail Lines
65,279,622 20
3,410,195 49
73,163,557 90
4,081,340 28
Steamships
Gross Earnings ....
68,689,817 69
8,977,536 45
7,099,502 38
24,434.218 08
1,656,678 41
77,244,898 18
10,174,729 05
7,805,270 07
25,968,950 23
2,040,272 80
Total Pass. Carried
25,263,151
716,006,679
142,485,119
27,416,113
786,895,220
148,248,106
Mainten. Equip ...
Conducting Trans.
General Expenses.
Pass. Miles, Thro' & Local
Total Passengers, 1 Mile..
Tons Freight Moved, Com
Company
42,167,935 32
2,786,274 70
45,989,222 15
3,108,804 69
858,491,798
11,989,652
3,446,458
935,143,326
14,067,162
3,658,470
Steamships
Operating Expenses . . .
44,954,210 02
23,735,607 67
7,94556
5,132 32
2,813 24
65.44 p. c.
2.182 c.
0.976 C.
49,098,026 84
28,146,871 34
8,45335
5,313 62
3,139 73
63.56 p. c.
2.246 C.
0.997 C.
Total Tons Freight Moved
Freight Ton-Miles, Commercial
Company
15,436,110
4,237,333,126
733,553,584
17,725,632
4,873,257,728
821,512,912
Gross Earnings per Mile
Operating Expenses per Mile
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile. .
Av. Rate per Ton per Mile . .
Total Tonnage Mileage
4,970,886,710
5,694,770,640
The rail lines were operated at 62.85 p. c. of their gross receipts against 64.59 p. c. in
1900, and the steamship lines at 76.17 p. c. against 79.24 p. c. in 1900. The average for both
rail and steamship lines was 63.56 p. c. against 65.44 p. c. in 1900. Expenses for maintenance
absorbed 24.67 p. c. and for operations 38.28 p. c. of the gross receipts of the rail lines.
EXTRACTS FROM THE COMPANY'S REPORT FOR THE YEAR ENDING JUNE 30. 1901.
The results from the year's operations show a gratifying increase, and the earnings have kept pace
with the geaeral prosperity of the country. Comparing the year's operations with those for the year
1885, when the company commenced operations, there has been an increase in mileage of road operated
of 4,068.94 miles, or 86.47 per cent., and in gross transportation receipts of $46,893,126.04, or 154.50 per
cent?
Although the earnings for the year just closed have shown such a gratifying increase, it should be
borne in mind that a considerable part thereof should continue to be devoted toward the physical
improvement of the property and additions thereto. This is necessary in order to bring the properties
up to the high standard of the other transcontinental lines, some of which were built in more recent
years or have had expended on them large sums in reconstruction a*d for additions during receiverships.
As will be seen from the following table of the weight of rails in track, there is still a large
amount of light weight rail in the track, which should be taken up as rapidly as the earnings of the
company will permit.
Weight of Rails (Ibs. per yard)
Total.
96
80
76
75
60
and
56
54
52
50
Less
than
61.5
50
Miles of Main and Second Track
8,858
21
185
478
1,506
3,230
625
308
117
1,812
576
Per cent, of Total Mileage
100 00
.23
2.10
5.39
17.00
36.46
7.06
3.48
1.32
20.46
6.50
POOR'S MANUAL— SOUTHERN PACIFIC COMPANY.
587
7 '. General Operations. — The gross receipts and disbursements of the Southern Pacific
Co. in respect of its leased lines, and of proprietary companies in respect of lines not leased,
and the other receipts and disbursements of the Southern Pacific Co. and of all proprietary
companies, for the two years ending June 30, 1900, and 1901, were as follows :
1901
(including H. &
T. C. RR. and
Lines in Texas
snbsidia ry
thereto).
1900
(excluding H. &
T. C. RR. and
Lines in Texas
subsidiary
thereto).
Increase.
Decrease.
Average Miles of Kail Lines Operated — Proprietary and
Non-proprietary
8,654.97
9
77,244,898 18
519,044 93
416,057 48
92,364 90
529,352 42
637,13450
5,46206
1,663,35774
7,545.17
1
63,920,414 22
480,311 48
652,645 89
141,838 56
340,692 92
432,374 74
12,152 36
2,147,709 89
1,109.80
$
13,324,483 96
38,733 45
Seceipts.
Gross Receipts from Operations of Proprietary and Non-
Proprietary Lines and Miscellaneous Receipts of
Proprietary Companies :
Transportation Receipts
$
Trackage and Other Rentals
Income from Sinking Funds Pledged for Redemption
of Bonds
236,588 41
49,473 66
Income from Investments
Income from Lands and Securities not Pledged for Re-
demption of Bonds
188,659 50
204,759 76
Interest on Open Accounts . .
Miscellaneous Receipts .... .
6,690 30
484,352 15
Gross Receipts of Southern Pacific Co. from Sources
other than from the Operations of Leased Lines
Total Receipts ....
81,107,672 21
49,098,026 84
1,780,986 98
1,328,566 57
12,795,430 63
1,275,20897
479,773 95
76,762 81
105,749 24
46,618 72
856,057 48
*2,940,593 65
3,016,215 72
66,34027
847,80000
68,128,140 06
41,408,800 06
1,673,656 37
1,225,023 28
11,618,257 89
1,409,712 72
315,534 21
88,148 98
115,458 27
82,841 57
2,013,745 83
1,002,945 14
47,305 13
"'246,000' 66"
292,998 42
1,200,242 27
844,826 92
""632,61225"
12,979,532 15
7,689,226 78
107,330 61
103,543 29
1,179,172 74
Disbursements.
For Account of the Operations of Proprietary and Non-
proprietary Lines and Miscellaneous Expenses of
Proprietary Companies :
Operating Expenses
Taxes .'
Trackage and Other Rentals
Interest on Funded Debt
Interest on C. P. RR. Co. Notes toll. 8. of America. . .
Interest on Open Accounts .
134,503 75
164,239 74
Land Department Expenses
11,386 17
9,70903
36,22285
Taxes on Granted Lands ....
Miscellaneous Expenses
Sinking Fund Contribution and Income from Sinking
Fundlnvestments Pledged for Redemption of Bonds.
Expended for Betterments and Additions to Proprietary
Lines
856,057 48
926,847 82
2,013,270 58
19,035 14
847,80000
Expended for New Equipment for Proprietary Lines. .
Expended for Betterments and Additions to Non-
proprietary Lines ....
Proportion of Cost of New Equipment to be Delivered
before Dec. 31, 1901, Chargeable to this Year's Opera-
tions .... . ..
'240,00066
292,998 42
Dividend Paid on C. P. Ry. Co.'s Preferred Stock
Central Pacific RR. Co
Other Charges against Southern Pacific Co. viz. :
Interest on Funded Debt of Southern Pacific Co
Sinking Fund Contributions
1,629,809 99
75,00000
601,560 44
165,000 00
465,60929
429,56772
75,000 00
243,266 48
'166,402' 96
Insurances, Taxes and all other Accounts except for
Deficit in Operations of Leased Lines
Discount on Southern Pacific Co. 4± p. c. Bonds
Advances to San Antonio & Aransas Pass Ry. Co. . .
Total Disbursements .
165,00000
77,651,111 55
3,456,560 66
64,209,509 31
3,918,630 75
13,441,602 24
Surplus over all Disbursements
462,070 09
* Includes $474,424.03 expended on Central Pacific Railway in reconstruction of lines and other better-
ments and additions contemplated under Cemtral Pacific RR. Co. Plan of Readjustment of February 8, 1899.
The details of the receipts and disbursements of the Gila Valley, Globe * Northern Ry. Co. and San
Antonio & Aransas Pass Ry. Co., whose bonds are guaranteed by the Southern Pacific Co., but whose
ceipts and disbursements are not included in the statement of " General Operations " (except the
ments and additions to Non-Proprietary lines has been charged against the " Income
Pacific Co.
of the Southern
688
POOR'S MANUAL OP RAILROADS— PACIFIC GROUP.
The charges against the income for the year include $634,114.90 advanced by the Southern Pacific Co.
to the Oregon & California RR. Co., and $465,609.29 to the San Antonio & Aransas Pass Ry. Co. for
operations, betterments and additions, retirement of equipment trust notes and other purposes, but said
amounts still remain due from said companies to the Southern Pacific Co.
The receipts and disbursements of the Houston & Texas Central RR. and lines subsidiary thereto are
not included in the income for the year ending June 30, 1900, in the preceding statement. The following
table shows a comparison between the results derived from the properties operated in the year ending June
30, 1901, and the results derived from the same properties in the preceding year (including in both cases
the Houston & Texaa Central and subsidiary lines):
INCREASE. DECREASE.
Average Miles of Rail Lines Operated 439.65
Receipts.
Gross Transportation Receipts $8,555,080 49
Other Receipts Applicable toward Expenses of Operation 362,931 24
Income from Sinking Funds Pledged for Redemption of Bonds $236,588 41
Receipts of Southern Pacific Co. in Excess of Miscellaneous Expenses other than Interest
on Funded Debt of Southern Pacific Co 314,682 71
$8,366,74061
Disbursements.
Operating Expenses and Taxes $4,143,816 82
Rentals and Interest on Funded Debt, including Interest on Funded Debt of Southern
Pacific Co 627,33994
Interest on Open Account, Expenses of Land Department, Taxes on Granted Lands, and
Miscellaneous Expenses 211,544 91
Sinking Fund Contributions and Income from Sinking Fnnd Investments Pledged for
Redemption of Bonds 136,588 41
Betterments and Additions 3,494,813 34
Dividend on Central Pacific Railway Co. Preferred Stock 240,000 00
Total $7,677,83678
Surplus over all Disbursements
Average miles of rail lines operated increased 5.35 p. c. Gross transportation receipts increased
12.46 p. c. Operating expenses and taxes increased 8.91 p. c.
The decrease in " Income from sinking funds pledged for the redemption of bonds " resulted from
the transfer (on account of the satisfaction of the old Central Pacific San Joaquin Valley Mortgage) of
securities held in Sinking Funds Nos. 6 and 9 of the Central Pacific RR. Co. to the United States Trust
Co. of New York, trustee of the Central Pacific Ry. Co. 3J p. c. mtge. gold bonds, and the subsequent
application of the accrued income from the transferred securities to the purchase and cancellation of the
Central Pacific 3J p. c. bonds.
Interest on the funded debt of the Proprietary Companies, including the Houston & Texas Central
RR. Co. and lines in Texas subsidiary thereto (after allowing for the diminution of interest on the 3 p. c.
notes of the Central Pacific RR. Co. to the United States of America), increased $173,786.49, and interest on
the funded debt of the Southern Pacific Co. increased $429,567.72, a total increase of $603,354.21, subject
to a deduction of $437,583.78 income from securities and lands pledged for the redemption of Central
Pacific Ry. Co. 3i p. c. bonds, which under the mortgage is primarily to be applied to the payment of
interest on said bonds.
The increase in trackage and other rentals arises principally from rental paid by the Morgan's
Louisiana & Texas RR. & SS. Co. to the Southern Pacific Co. for the use of ocean steamers running in
the New York & New Orleans line for the full year.
The earnings and expenses of the Pacific Mail Steamship Co. and of the Gila Valley, Globe and
Northern Ry. Co. have not been taken into the income for the year, nor are their earnings, expenses,
assets or liabilities included in any statements in respect of the operations and transactions of the Pro-
prietary Companies. Section 15 (which see) is a combined income and profit and loss account of the
Southern Pacific Co. and all companies in which it has a proprietary interest, and of the San Antonio
and Aransas Pass Ry. Co.. whose bonds are guaranteed.
Freight traffic classified— all lines — years ending June 30, 1901 and 1900:
Total,
Year ending
June 30, 1901.
Per
Cent.
PACIFIC SYSTEM.
ATLANTIC SYSTEM.
Year ending
June 30, 1901.
Year ending
June 30, 1900.
Year ending
June 30, 1901.
Year ending
June 30, 1900.
Products of Agriculture.
Tons.
4,312,577
636,677
2,116,038
2,825,050
3,156,045
1,327,749
540,062
23.23
3.38
11.40
15.22
17.01
7.15
2.91
Tons.
2,321,876
434,522
1,290,438
1,180,646
1,977,421
1,067,604
435,386
Tons.
2,159,387
426,895
1,005,770
1,004,025
1,669,402
1,002,335
532,039
Tons.
1,990,701
202,155
825,600
1,644,404
1,178,624
260,145
104,676
Tons.
1,533,793
194,509
640.744
1,257,043
1,04(5,513
169,786
119,142
Products of Animals
Products of Mines
Products of Forest
Manufactures
Merchandise
Miscellaneous
Total Commercial Freight.
Total Company's Freight. .
Total Tons of Freight
14,914,198
3,658,470
80.30
19.70
8,707,893
2,281,870
7.799,913
2,111,328
6,206,305
1,376,600
4,961,530
1,335,130
18,572.668
100.00
10,989,763
9,911,241
7,582.905
6,296,660
POOR'S MANUAL — SOUTHERN PACIFIC COMPANY.
589
§. Income Account, Southern Pacific Company, year ending June 30, 1901 :
DISBURSEMENTS.
Operating expenses, taxes, interest, and
all other charges which are an ob-
ligation of the Southern Pacific Co.
under its leases of the properties
of the following " Proprietary Com-
panies":
Central Pacific Ry $19,395,971 81
Oregon and California ER 2,930,088 86
South Pacific Coast Ry 1,119,597 75
Operating expenses, taxes, and propor-
tion of net profits payable to each
company after the payment of inter-
est and all other charges which are
an obligation of the Southern Pacific
Co. under its leases of the properties
of the following Companies :
Louisiana West. RR $1,676,59859
Mor.'sL.&T.RR.&SS.Co. 7,732,58600
So. Pac. RR. (of Arizona). 3,353,281 98
So. P. RR. (of California). 20,240.344 06
So. P. RR. of New Mex. . . 1,596,634 34— 34,599,444 97
Advances to Oregon and California RR.
Co. for account of operations, better-
ments, and additions 634,114 90
Operating expenses, taxes, interest, and
all other charges under leases of :
New Mex. & Ariz. RR $306,339 88
Sonora Ry 677,395 79— 983,735 67
Total $59,663,953 90
MISCELLANEOUS
Fixed Rental to C. P. Ry. Co..
Fixed Rental to O.&C.RR.Co.
Interest due to Affiliated Com-
panies on advances and
open accounts, including
interest charged to O. & C.
RR. Co. and S. A. & A. P.
Ry. Co
Le?s interest due from Affil-
iated Companies on similar
accounts
Interest on open accounts
other than with Affiliated
Companies
Interest on S. P. Co. 6 p. c.
Steamship Bonds
Interest on S. P. Co. 4 p. c.
Bonds (C. P. Stock Col.).. . 1
Interest on S. P. Co. 4J p. c.
2-5 year bonds
Insurance on Steamships —
Taxes and Expenses of Land
Department
Taxes on Other Property . . .
Miscellaneous Expenses
Annual Payments for Re-
demption of 6 p. c. Steam-
ship Bonds
One Year's Proportion of
Discount on S. P. Co. 4|
p. c. Bonds sold
Advances to San Antonio &
Aransas Pass Ry. Co. for
Account of Operations, Bet-
terments, and Additions,
and Other Purposes
EXPENSES.
$10,000 00
5,000 00— 15,000 00
552,374 46
513,606 78— 38,767 68
303,43596
139,320 00
,152,739 99
337,75000
182,75000
5,190 21
44,454 29
11,96230
75,000 00
165,000 00
465,60929— 2,883,21204
RECEIPTS.
Gross transportation and other receipts
from the operation of the properties
leased by the Southern Pacific Com-
pany from the following "Proprie-
tary Companies " :
Central Pacific Ry |19,395,971 81
Oregon and California RR 2,930,088 86
South Pacific Coast Ry 911,673 80
Louisiana Western RR. . . .$1,649,011 40
Morg.'sL.&T.RR.&SS.Co. 8,020,00031
So. Pac. RR. (of Arizona). 4,336,874 95
So. P. RR. (of California). .19,202,936 16
So. P. RR. of New Mexico.. 2,393,760 92— 35,602,583 74
Gross transportation and other receipts
from the operation of the properties
leased by the Southern Pacific Co.
from the following " Non-proprietary
Companies " :
New Mex. & Arizona RR. . . $257,590 20
Sonora Ry 563,88076- 821,47096
Total $59,661.789 17
MISCELLANEOUS
Dividends on Wells, Fargo &
Co.'s Stock
Dividends on other Stocks.. .
Interest on Bonds Owned
Proceeds from Sale and Lease
of Lands
Profits on Bonds Sold
Profit on Oil Stocks Sold
Profits from Operating Wood-
preserving Works
Rentals from Steamships
Rentals from Term. Facilit's.
Rentals from Equipment
Rentals from Other Property.
Miscellaneous Receipts
Balance to Profit and Loss
RECEIPTS.
$91,800 00
81,90650
368,980 00
1,478 99
15,537 69
111,732 05
15,81891
738,752 86
114,01200
5,709 38
33,715 08
83,91428— 1,663,35774
1,274,78677
Total $62,599,93368 Total $62,599,93368
8a. Profit and Loss Account, Southern Pacific Co., year ending June 80, 1901.
Balance from Income Account (Sec. 8) $1,274,786 77
Premium on $72,000 face value 6 p. c.
Steamship Bonds purchased & cancelled. 3,600 00
Balance, June 30, 1901 10,935,343 14
Total ; $12,213,72991
Balance June 30, 1900 $10,049,940 61
Contribution for Redemption of 6 p. c.
Steamship Bonds 75,00001
Rec'd from U. S. of America in Adjustment
of Claims for Transportation Services. . 966,799 52
Miscellaneous Collections 18,609 15
Adjustment of Old Accounts 3,656 44
Deficit in Earnings of O. & C. RR. after
Payment of all Expenses, including Bet-
terments and Additions 634,114 90
Advances to S. A. & A . P. Ry. Co 465,609 29
Total .' $12,213,72991
590
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
9. Southern Pacific Co. and Proprietary Companiet. — Income account for the year
ending June 30, 1901 (earnings and expenses of proprietary and non-proprietary lines and
miscellaneous income of the Southern Pacific Company and proprietary companies) :
Operating expenses (and taxes) of Proprie-
tary lines, interest on funded debt and
all other expenses of Proprietary Com-
panies $73,730,39616
Operating expenses, taxes, and all other ex-
penses incurred in connection with the
operation of the following Non-proprie-
tary lines:
New Mexico and Arizona RR.$306,339 88
Sonora Ry 677,39579- 983,73567
Miscellaneous Expenses of the
Southern Pacific Co. :
Fixed Rental Cen. Pac. Ry . . . $10,000 00
Fixed Rental Ore. & Cal. RR. 5,000 00— 15,000 00
Interest Due to Affiliated Com-
panies on Advances and
Open Accounts, including
Interest charged to O. &
C. RR. Co. and S. A. & A.
Pass Ry. Co 552,374 46
Less Interest Due from Affil-
iated Companies on similar
Accounts 513,60678— 38,76768
Interest on Accounts, other
than with Affiliated Go's . . . 303,435 96
Interest on S. P. Co. 6 p. c.
Steamship Bonds 139,320 00
Interest on S. P. Co. 4 p. c.
(C. P. stock collateral) 1,152,739 99
Interest on 8. P. Co. 4J p. c.
2-5 year Bonds 337,750 00
Insurance on Steamships 182,75000
Taxes & Exp. of Land Dept. 5,190 21
Taxes on other Property 44,454 29
Miscellaneous Expenses 11 ,962 30
Sinking Fund Contributions... 75,00000
Discount on S. P. Co. 4^ p. c.
Bonds sold 165,000 00
Adv. to S. A. & A.Pass Ry.Co. 465,609 29—2,883,212 04
Balance to Profit and Loss 3,456,560 66
Total $81,107,672 21
Receipts of Proprietary Lines and Mis-
cellaneous Income of Proprietary
Companies $78,628,843 51
Receipts of the following Non-proprietary
Lines :
New Mexico and Arizona RR. $257,590 20
Sonora Ry 5(53,88076— 821,47096
Miscellaneous Inc. of S. Puc.Co. :
Dividends on Stocks 173,706 50
Interest, on Bonds 368,98000
Proceeds from Sale and Lease
of Lands 1,478 99
Profits on Bonds Sold 15,537 69
Profits on Oil Stocks Sold ... 111,732 05
Profits from Operating Wood-
preserving Works 15,818 91
Rentals from Steamships 738,75286
Rentals from Term. Facilities 114,01200
Rentals from Equipment 5,709 38
Rentals from Other Property. 33,715 08
Miscellaneous Receipts 83,91428-1,663,35774
Total $81,107,67221
1O. Southern Pacific Co. and Proprietary Companies— Profit and Loss for the year
ending June 30, 1901 :
CREDIT.
Balance, June 30, 1900 :
DEBIT.
Miscellaneous Expenses .... $13,19808
Adjustment in Accounts 7,328 53
Difference between Costs and Proceeds of
SS. " Hudson," Sold 87,250 00
Cost of Lands Sold not Pledged for Re-
demption of Bonds 19,912 38
Cost of New Line at Asphalto to replace Old
Line abandoned 5,47531
Premium on $72,000 face value S. P. Co. 6
p. c. Steamship Bonds purchased and
cancelled 3,600 00
Balance, June 30, 1901 :
Southern Pacific Co $10,935,343 14
Proprietary Companies. . 44,064,894 39— 55,000,237 53
Total $55,137,00183
Southern Pacific Co $10,049,940 61
Proprietary Companies. . 33,681,85671
$43,731,797 32
Add for profit and loss bal-
ance of the Austin &
Northwestern RR., Cen-
tral Texas & North-
western Ry., Fort Worth
'& New Orleans Ry.,
Houston & Texas Cen-
tral RR. and Cromwell
Steamship Cos 3,640,065 59— $47,271,862 91
Balance from Income Ac-
count 3,456,560 66
Annual contribution to
Sinking Funds $515,000 00
Income From Sinking Fund
investments 416,05748— 931,05748
Proceeds from Sale of Lands pledged for
Redemption of Bonds 1,326,903 93
Received from United States of America
in Adjustment of Claims for Transpor-
tation Services 1,496,090 41
Profits from sale of Bonds and Securities
exchanged 65.562 JO
Miscellaneous Collections 58,57975
Adjustment in Accounts 64,764 91
Advances to San Antonio & AransasPas*
Ry. Co. charged in Income Account,
now credited and charged to San
Antonio & Aransas Pass Ry. Co 465.60929
Total... $55,137,001 83
POOR'S MANUAL — SOUTHERN PACIFIC COMPANT. 591
11. Income Accounts (of Proprietary Companies) in detail, year ending June 30, 1901.
NAME OF COMPANY.
Gross
Earnings.
Net
Earnings.
Net
Income.
Taxes
and
Rent'ls.
Interest
and
Sinking
Funds.
All
Other
Deduc-
tions.
Balance
(+ or -).
Adjust-
ments
Under
Leases.
Surplus
or
Deficit.
Austin &Northw'nRR..
Curson & Colorado Ky. .
Central Pacific Ry
(Vnt. Tux. &N. W. Ry.
Cromwell SS. Co
Direct Navigation Co. .
Ft. Worth &N. O. Ry.
Gal., Har. &SanA. Ry.
Gal.,IIoust. &No. Ry..
Gulf, W.Tex. & Pac.Ry.
H.,E. & W.Tex. Ry...
Hous. &Shreve. RR...
Hone.&Tex.Cent.RR..
Ilwria & Vermilion RR.
Louisiana Western RR.
M.L. &T.RR.&SS.CO.
N. Y., Tex. & Mex. Ry.
Oregon&CaliforniaRR.
South Pacific Coast Ry.
So. Pac.RR. of Arizona.
So. Pac. RR. (<>f Cal.).
So. Pac.RR. of N. M..
Tex.&NewOrleansRR.
Totals
$
260,281
180,097
19,328,289
143,437
638,999
155,449
843,782
6,698,293
389,079
130,542
847,113
188,234
4,958,393
44,720
1,646,730
8,013,139
288,124
2,930,089
911,674
4,336,875
18,891,487
2,393,761
2,709,185
$
91,423
82,476
7,655,083
74,122
def. 77,197
def. 86,176
89,185
1,292,607
df. 173,439
12,868
245,481
69,776
2,004,821
23,499
703,928
3,017,737
81,821
778,690
64,741
2,287,924
7,293,467
1,475,055
1,007,864
$
91,423
84,970
8,575,625
81,495
dtf. 77,197
def. 83,527
96,099
1,372,394
df. 173,439
13,189
245,481
69,828
2,004,821
23,610
741,654
3,172,205
82,320
801,003
64,741
2,302,774
8,037,728
1,532,079
1,151,581
$
8,610
16,029
701,755
2,124
(5,915
5,181
94,475
24,976
8,640
21,147
7,107
91,263
2,160
36,095
897,165
10,333
146,836
30,469
107,582
641,298
53,305
70,654
$
108,621
80000
4,904,316
10,800
42,930
5,000
42,540
1,178,967
47,052
140,562
136,064
9,000
786,177
16,100
134,400
489,941
102,485
1,148,233
223,863
717,382
4,741,344
347,175
399,443
$
15,623
4,382
1,329,224
137
$
- 41,431
- 15,441
+ 1,640,3:30
+ 68,434
- 120,127
- 95,442
+ 33,905
- 356,281
- 330,927
- 145,736
+ 61,810
+ 48,824
+ 976,563
+ 4,083
+ 366,926
+ 1,325,840
- 70,384
- 634,115
- 207,924
+ 1,078,581
+ 213,299
+ 873,644
+ 218,018
1
$
D. 41,431
D. 15,441
.y.1,640,330
S. 68,434
D. 120,127
D. 95,442
S. 33,905
D. 356,281
D. 330,927
D. 145,736
3. 61,810
S. 48,824
S. 9r'6,563
S. 4,083
8. 394,513
S.1,038,425
D. 70,384
D. 634,115
14,473
455,203
85,460
9,723
26,460
4,897
150,818
1,267
204,233
459,259
39,886
140,049
18,333
399,229
2,441,787
257,955
463,466
+ 27,589
- 287,414
- 207,924
- 983,593
+ 1,037,408
- 797,127
S. 94,938
tf.1,250,707
S. 76,517
S. 218,018
76,427,771
28,015,755
30,210,827
2,984,122
15,406,267
6,927,991
4,892,447
- 795,215
+4,097,232
12. Consolidated Income Account of Proprietary Companiet, year ending June 30, 1901.
Gross Transportation Receipts $76,427,77070
Rentals, Trackage 409,253 29
Rentals, Other Property and Facilities. . 109,392 28
Income from Investments 92,36490
Income from Securities and Lands not
Pledged for Redemption of Bonds 529,352 42
Income from Securities Owned by Sink-
ing Funds 416,05748
Interest on Open Accounts 633,100 38
Miscellaneous Receipts 5,462 06
Total Receipts $78,622,843 51
Operating Expenses k $48,412,016 17
Taxes 1,767,939 05
Rentals, Steamships 742,144 84
Rentals, Trackage 119,912 64
Rentals, Other Property and Facilities.. 248,376 09
Interest on Funded Debt 12,795,430 63
Interest on C. P. RR. Co. 3 p. c. Notes. . 1,275,208 97
Interest on Open Accounts 479,57015
Land Department Expenses 76,76281
Taxes on Granted Lands 105,749 24
Miscellaneous Expenses 46,61872
Sinking Funds 856,057 48
Construction, Improve, and Real Estate. 2,940,593 65
New Equipment 3,016,215 72
Proportion of Cost of New Equipment
under Contract for Delivery before
Dec. 31, 1901 847,80000
Total Expenditures $73,730,396 16
Surplus for year, $4,892,447.35; deduct for adjustments under leases, $795,214.82; balance, surplus
to credit of profit and loss, $4,097,232.53.
13. Consolidated Profit and Loss Account of Proprietary Companies, year ending June 30, 1901.
CREDIT.
Bal., JtineSO, 1900,oratDateof Acquisition.$46,936,619 81
Income Account Surplus 5,907,116 56
Contributions to Sinking Funds and In-
come from Sinking Fund Investments. . . 856,057 48
Proceeds from Sales of Lands Pledged for
Redemption of Bonds 1,326,903 93
Received from U. S. in Adjustment of
Claims for Transportation Services 539,290 89
Profit from Sale of Bonds and Securities
Exchanged 65,562 49
Miscellaneous Collections 39,970 60
Adjustments in Accounts 61,118 47
Bal. to Debit of Gen. Acct., June 30, 1901.. 11,246,260 77
Total $66,968,901 00
DEBIT.
Bal., June 30, 1900, or at Date of Acquisition. $9,714,697 51
Income Account Deficit 1,809,884 03
Miscellaneous Expenses 13,198 08
Adjustments in Accounts 7,328 53
Difference Between Cost and Proceeds of
S. S. " Hudson " sold 87,25000
Cost of Lands Sold Not Pledged for Re-
demption of Bonds 19,91238
Cost of New Line at Asphalto to Replace
Old Line Abandoned 5,475 31
Bal. to Credit of Gen. Acct., June 30, 1901 . 55,311,155 16
(Net Balance to Credit of General Ac-
count, June 30, 1901, $44,064,894.39)
Total *. $66,968,90100
592
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
14. Receipts and disbursements of other companies for which the Southern Pacific
Company has guaranteed, or is authorized to guarantee, principal and interest, or interest
only, of the bonds of said companies :
Total.
Gila V'y,
Globe &
No. Ry.Co
San Ant. &
Ar. Pass.
Ry. Co.
Total.
(,ila V'y,
Globe &
No. Ry.Co.
San Ant. &
Ar. Pass
Ry. Co.
Milea of RoadOwned
Gross Trans. Rec'pts
Trackage Rentals. . .
Total Receipts
Operating Expense?
Taxes
812.95
2,984,218 86
3,80750
125.55
1
365,835 72
687.40
$
2,618,377 14
3,80750
Balance Surplus
Balance Deficit
Betterm'ts & Add'n*
New Equipment
Total
$
" 98,58l'45
76.03960
97,670 00
1
119.324 75
'l 5,649 71
9
"212,906' 20
60.389 89
97,670 00
2,988,020 36
2,057,586 02
68,405 49
831,700 00
123,027 92
88238
365,835 72
170,449 80
36117
75,70000
2,622,184 64
1,887,136 22
68,04432
756,00000
*123,027 92
88238
173,709 60
267,291 05
267,291' 05
15,649 71
103,67504
103,675 04
158,059 89
370,966 09
'370,966' 09
Balance to Profit and
Loss — Surplus ....
Balance to Profit and
Lo«s Deficit
Int. on Funded Debt
Int. on Open Accts.
Miscellaneous Exp.
Total Expendit'rs
Profit and Loss.
3,081,601 81
246,510 97
2,835,090 84
Profit & Loss— Defi't
* Includes $120,154.77 on advances by Southern Pacific Co.
For guaranty on bonds by Southern Pacific Co., see separate statements on page 613. The Southern
Pacific Co. has advanced to the San Antonio & Aransas Pass Ry. Co., in addition to the $370,510.36 shown
above, $95,098.93 for retirement of equipment trust notes and for other purposes, making the total advanced
to said company, $465,609.29, which has been carried by the Southern Pacific Co. against its income for the
year (see Sees. 8 and 9).
15. Combined.Statement of Income Account and Profit and Loss of Southern Pacific Co.
and all proprietary companies, and of the San Antonio & Aransas Pass Ry. Co., year ending
June 30, 1901 :
So. Pac. Co. Gila'.Vy.,
& Proprie- Globe &
tary Cos. No. Ry. Co.
Ayer'ge miles of rail lines operated
Miles of water line
Receipts.
Gross Transportation Receipts. . .
Rentals
Inc. from Sinking Fund Pledged
for Redemption of Bonds
Miscellaneous Receipts
Proc'ds from Sale of L'ds Pledged
for Redemption of Bonds
Received from U. S. of Am. in ad-
justment of Claims for Trans-
portation Services
•Adjustment in Accounts
Receipts of So. Pac. Co. from
Sources Other than from the
Operation of Leased Lines
8,654.97
5,365.00
$77,244 898 18
519,044 93
416,057 48
1,388,456 12
1,326,903 93
1,496,090 41
64,774 91
1,663,35774
125.55
Pac. Mail SanAntonio
Steamship & Aransas
Co. Pass Ry.Co.
687.40
10,821.00
Total.
9,467.92
16,186.00
$365,835 72 $2,868,969 08
202,19665
$8,618,377 14 $83,098,080 12
3,807 50 522,852 43
416,05748
1,590,652 77
1,326,903 93
2,775 58
45573
1,496,090 41
6S.006 22
1,663,357 74
Total Receipts $84,119,583 70 $365,835 72 $3,073,941 31 $2,622,640 37 $90,182,001 10
Disbursements.
Operating Expenses
Taxes and Rentals
Int. on Funded and Other Fixed
Int.-bearine Debt (incl'd'g Int.
on FundedDebt of So. Pac. Co.).
Int. on Open Accts., Expenses of
Land Dpt., Taxes on Granted
Lands and Miscellaneous Exp'e.
Miscellaneous Expenses
Adjustment in Accounts
Cost of Property Charged Off
Dividend on Capital Stock
Exp. of So. P. Co. for Ins., Taxes
and all Other Accts., Except for
Deficits in Opera'ns of Leased
Lines and Int. on Funded Debt.
Disc't on So. P. Co. 4i p. c. Bonds.
Betterments and Additions
New Equipment
Total Disbursements.
Balance, Surplus
49,098,02684 170,44980 2,895,64405 1,887,13622 54,051,25691
3,109,55355 36117 68,04432 3,177,95904
15,700,449 59 75,700 00
756,000 00 16,532,149 59
662,286 00
63,416 80
7,32853
112,63769
2,831 57
80,00000
7,700 58
6,07188
307,012 84
123,027 92
88238
785,313 92
74.&31 33
13,400 41
419,65053
80,00000
601,56044
165,00000
2,997,611 20
3,873,338 44
15,649 71
601,56044
165,000 00
!,".:ts;tS9 3.073,65080
!»7,6roOO 3,971,00844
$76,391,20908 $344,99225 $3,216,42935 $2,993,15073 $82.945.78141
7,728,37462 20,843 47 Def. 142,488 04 Def. 370,51036 7,236,21969
Railroad Map of Washington and Oregon.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS, "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1798
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
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SAFETY COLORS SAFETY PAPERS
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RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
WASHINGTON AND OREGON.
Railroad Map of Washington and Oregon.
THE TARIFF:
POLITICS OF THE
JTS BEARING UPON THE INDUSTRIES AND
UNITED STATES.
By HENRY V. POOR,
Author of "Resumption and the Silver Question," "Money and Its Laws,"
" History of Railroads," Etc., Etc.
I.
II.
III.
IV.
V.
VI.
VII.
VIII.
IX.
X.
XI.
XII.
XIII.
XIV.
XV.
XVI.
Pp. 121. 8vo. Paper. Price, 25 Cents.
SYNOPSIS OF CONTENTS:
The Indictment to be Answered.
The Tonnage of our Railroads a Measure
of Industrial Growth.
Railroad Mileage, Tonnage and Earnings,
1866-1890.
Effect of Railroad Development upon
Prices and Prosperity.
The Extraordinary Increase in our Rail-
road Tonnage.
The Production and Prices of Iron and
Steel, 1866-1890.
The Effects of the Tariff upon our Iron
and other Industries.
The Free Trader's Argument Analyzed.
Free Trade would Destroy our Balance
of Trade.
The Advance in the Price of Labor.
As Shown by Edward Atkinson.
Annual Average Export Pi-ices of
Domestic Commodities, 1877-90.
Annual Average Prices of Grain, Gro-
ceries and Provisions, 1877-90.
Annual Average Prices of Cotton and
Cotton Manufactures, 1877-90.
Rates of Wages in Great Britain and the
United States as complied by Carroll
D. Wright.
The American Colonies and the Mother
Country.
The First Tariff Act.
Mr. Madison's Argument for Protection.
Washington's Argument for Protection.
Hamilton's Report on Manufactures.
The Tariff Act of 1816.
John C. Calhoun's Argument for Pro-
tection.
Thomas Jefferson's Argument for Pro-
tection.
The Tariff of 1834.
Andrew Jackson's Argument for Pro-
tection.
Slavery Antagonizes Protection.
The Attitude of South Carolina in 1824
and 1827.
General Jackson on the Tariff Act of 1828.
Mr. Madison Sounds the Alarm.
The Tariff of 1832.
The South Carolina Nullification.
Mr. Clay's Compromise Tariff.
Meaning'and Effect of Nullification.
Jackson's War upon the Bank.
The Government Reduced to a Nullity.
XVII. The Catastrophe of 1837.
XVIII. The Monetary History of the Period.
XIX. The Despotism of Slavery Estab-
lished.
XX. The Principles of the New Democ-
racy, Martin Van Buren.
XXI. The Democratic Party in 1840.
XXII. The Consequences of the Compro-
mise Tariff.
XXIII. President Tyler.
XXIV. President Polk and the Tariff.
XXV. Secretary Walker's Report.
XX VI. The Fallacies of the Report Exposed.
XXVII. English Opinion of the Walker
Report.
XXVITI. The Tariff of 1846.
XXIX. The Discovery of Gold.
XXX. The Balance of Trade under the
Tariff of 1846.
XXXI. The Effects of Free Trade as Shown
by Experience.
XXXII. Our Monetary Experience under an
Adverse Balance of Trade.
XXXITT. The Instruments of Destruction.
XXXIV. Two Democratic Heresies Aban-
doned.
XXXV. The Surrender to the South.
XXXVI. Mr. Benton's Review of the Era
of Democratic Ascendancy.
XXXVTT. The Election of 1848.
XXXVIII. Franklin Pierce and the Democratic
Platform of 1852.
XXXIX. James Buchanan and his Platform.
XL. The Financial Convulsion of 1857 the
Direct Result of Democratic
Policy.
XLI. The Democratic Disintegration in
1860.
XLII. Secession and Rebellion.
XLIII. The Tariff of 1857.
XLTV. The South Pays her Penalty.
XLV. The First Republican Tariff.
XLVI. Democratic Tariff Platforms Since
the War.
XLVII. President Cleveland's Tariff Mes-
sages Analyxcil.
XL VIII. The Democratic Tariff Plank of 1892.
XLIX. The Mcaninsr (if this Second Declara-
tion of Nullification.
L. The Supremacy of Law or the Supre-
macy of the Mob the Issue before
the American People,
9 2S
Sent postpaid to any address, on receipt of price.
Published and for sale by
H.
H. W. POOR,
Publishers of "Poor's Manual of Railroads,"
OR, MAY BE ORDERED
THROUGH ANY BOOKSELLER.
44 Broad Street, New York City.
POOR'S MANUAL — SOUTHERN PACIFIC COMPANY.
593
16. GENERAL BALANCE SHEET. — Southern Pacific Company, June 30, 1901.
Capital Assets ($251,894,313.95) :
Stocks and bonds owned, deposited
against the issue of Capital Stock of
Southern Pacific Co. and under mort-
gages of Southern Pacific Co. 4;{and4^
bonds(fee Sec. 18) $248,200,837 98
Steamships 3,693,47597
Current Assets ($17,840,081.61):
Bonds and Stocks Owned (see Sec. 24) ... $1,644,968 12
Agents and Conductors 1,181,322 76
Loans and Bills Receivable 931,842 57
Cash 6,409,482 61
Construction Advances 1,576,192 08
Individuals and Companies 801,00101
Material, Fuel, and Other Supplies 2,759,616 75
U. S. Government Transportation 2,535,655 71
Deferred Assets ($4,606,415.26):
Individuals and Companies $164,79624
Lands 216,464 90
Other Property 115,840 21
Real Estate 2,445,486 77
Tug and Advances for Steamships Under
Construction 1,375,719 94
Rolling Stock 152,153 28
Wood-preserving Plant 135,953 92
Proprietary Companies ; ($10,657,016.03):
Cromwell SS. Co. (Including Advances
for New Steamers) $931,611 29
Fort Worth and New Orleans Ry. Co 4,830 00
Galveston, Houston and North. Ry. Co. . 186,591 42
Gulf, Western Texas and Pacific Ry. Co.. 583,718 58
Houston, East & West Texas Ry. Co 3 00
Houston and Shreveport RR. Co 2 25
Houston and Texas Central RR. Co 19,650 83
New York.Texas and Mexican Ry. Co.. . 681,416 65
Oregon and California RR. Co 4,524,413 27
Texas and New Orleans RR. Co 3,724,778 74
Contingent Assets ($2,190,812.41) :
Discount on Bonds $660,000 00
San Antonio & Aransas Pass Ry. Co 1,530,812 41
Total Assets $287,188,639 26
Capital Liabilities ($243,952,288.40):
Capital Stock $197,847,788 40
Six p. c. Steamship Bonds, due Jan. 1,1911 2,286,00000
Four p.- c. Gold Bonds (Central Pacific
Stock Collateral), due Aug. 1949 28,818,500 00
Four and one-half p. c. 2-5-year Gold
Bonds, due January 1, 1905 15,000,00000
Current Liabilities ($10,788,071.63) :
Unpaid Dividends
Interest Coupons Due, but not Presented.
Interest Coupons Due July 1, 1901
Interest Accrued to June 30, but not Due.
Loans and Bills Payable
Traffic Balances
Vouchers and Pay Rolls
Deferred Liabilities ($717,822.35):
Taxes Estimated to June 30
Wells, Fargo & Co.'s Express Contract. .
Proprietary Companies ($17,183,978.33):
Austin and Northwestern RR. Co
Carson and Colorado Ry. Co
Central Pacific Ry. Co
Central Texas and Northwestern Ry. Co.
Direct Navigation Co
Galveston, Harrisburg and San Antonio
Ry.Co
Louisiana Western RR. Co
Morgan's La. and Tex. RR. & SS. Co
Southern Pacific RR. Co. (of Arizona)
Southern Pacific RR. Co. (of California)..
Southern Pacific RR. Co. of New Mexico.
$10,322 69
316,618 15
1,578,74250
2,565,250 60
800,00000
666,265 26
4,850,872 43
$285,822 35
432,000 00
$24,22297
83,656 75
4,195,583 73
5,12245
128,676 21
1,266,89533
1,136,09489
:5,284,332 05
241,39863
6,333,398 75
479,596 57
Contingent Liabilities ($3,611,135.41):
Individuals and Companies $101 ,554 47
Marine Insurance Fund 807,324 70
Replacement Funds 275,812 80
Steamship Insurance Fund 984,256 01
Unadjusted Accounts 1 ,442,187 43
Balance to Credit of Profit and Loss 10,935,343 14
Total Liabilities $287,188,639 26
17. The following statement shows for the Southern Pacific Company, and for each of
the proprietary companies, the funded and other fixed interest-bearing debt, on June 30,
1901, and on June 30, 1900, and the annual interest charge thereon, on June 30, 1901. For
further particulars, reference should be made to the separate statements for the several
companies (see also ttatements for Oilct Valley, Globe & Northern Ry. Co. and San Antonio
& Aransas Pass Ry. Co., both of whose bonds are guaranteed by the Southern Pacific Co.}:
NAME OF
COMPANY.
AMOUNT OUTSTANDING.
Annual
Interest
June 30,
1901.
NAME op
COMPANY.
AMOUNT OUTSTANDING.
Annnal
Interest
June 30,
1901.
June 30, 1901.
June 30, 1900.
June 30, 1901.
June 30, 1900.
So. Pacific Co..
Propr'ary Cos.:
Aust. &NW.RR.
Cars. & Col. Ry.
Cent. Pacific Ry.
O. T. & Nw. Ry.
Direct Nav. Co.
Ft.W.&N.O.Ry.
G.,H. &S.A.Ry.
Ga.,Ho.& N.Ry.
G.,W.T.&P.Ry.
H.,E.&W.T.Ry.
Hous.&Shr.RR.
H. &T. C. RR..
Iber. & Ver. RR.
Louis.West RR.
$
46,104,500 00
1,920,00000
2,000,000 00
118,153,45849
180,000 00
100,000 00
709,00000
25,528,000 00
829,17594
2,224,000 00
2,700,000 00
150,00000
15,124,000 00
322,00000
2,240,000 00
$
31,176,500 00
1,920,00000
2,000,000 00
120,673,036 70
180,00000
100,000 00
709,00000
25,528,000 00
843,584 93
2,224,000 00
2,741,000 00
150,000 00
14,524,000 00
322,00000
2,240,000 00
$
1,964,90000
96,000 00
80,00000
4,240,348 75
10,800 00
5,00000
42,540 00
1,026,26000
40,00000
111,20000
135,000 00
9,00000
747,490 00
16,100 00
134,400 00
Mor.La.&T.RR
N.Y.,T.&M.Ry.
Oreg.&Cal.RR.
So.Pa.CoastRy.
S.P.RR. (Ariz.)
So. P.RR.(Cal.)
S.P.RR.(N.M.)
Tex.&N.O.RR.
To. Prop.Cos.
GrandTotals.
SDMMABY:
Fix.In.Bea.Db.
Income Bonds.
N.toU.S.ofAm.
Totals
$
7,496,713 92
1,518,000 00
19,792,000 00
5,500,000 00
10,000,000 00
79,183,000 00
4,180,00000
7,108,181 02
$
7,496,713 92
1,518,000 00
19,521,000 00
5,500,000 00
10,000,000 00
77,802,000 00
4,180,000 00
5,898,270 81
$
489,640 00
61,780 00
989,600 00
220,000 00
600,00000
4,329,065 00
250,800 00
391,83086
306,957,529 37
306,070,606 36
14,026,854 61
353,062,029 37
306,905,570 88
6,354,000 00
39,802,458 49
337,247,106 38
286,783,569 66
6,354,000 00
44,109,536 70
15,991,754 61
14,797,680 86
1,194,073 75
353,062,029 37
337,247,106 36
15,991,754 61
17a. Annual interest on debt outstanding, June 30, 1901, as per foregoing table,
$15,991,754.61; add annual interest on $350,000 face value 5 p. c. 1st mtge. bonds of the
Texas Transportation Co., due Aug. 1, 1923, $17,500 — total annual fixed interest charges,
$16,009,254.61.
38
594
POOR'S MANUAL OP RAILROADS — PACIFIC GROUP.
18. Stocks and Bonds Owned by the Southern Pacific Co. depotited toith trust companies
against issue of capital stock of Southern Pacific Co. also under mortgages of Southern Pacific
Co. 4 and 4J p. c. Bonds (total face value, $315,553,315; book value, $848,200,838):
Stocks deposited with Union Trust Co. of New York
City (under stamp prescribed by New York Stock
Exchange) acquired against the issue of capital
stock of the Southern Pacific Co. Amount
Deposited.
Qalv., Harrieburg & San Ant. Ry. Co. $27,005,600 00
Louisiana Western RR. Co 3,310,00000
Morgan's Louis. & Tex. RR. & 88. Co. 4,994,000 00
Mexican International KR. Co 4,164,100 00
Southern Pacific RR. Co. (of Arizona). 19,992,000 00
Southern Pacific RR. Co. (of Cal.) 96,738,015 00
Southern Pacific RR. Co. of New Mex. . 6,886,300 00
Texas & New Orleans RR. Co. 4,997,500 00
$168,088,115 00
Stocks deposited with Union Trust Co. of New York
City, trustee Southern Pacific Co., 4 p. c. gold mort-
gage (Central Pacific Stock Collateral).
Central Pacific Ry. Co. (Common) $67,274.200 00
Central Pacific Ry. Co. (Preferred) 12,000,000 00
(also $67,129,700 face value of the capi-
tal stock of the Central Pacific RR. Co.)
$79,274,200 00
Stocks and bonds deposited with Central Trust Co. of
New York, trustee Southern Pacific Co., 2-5-yr. 41
p. c. gold mortgage.
Austin'* North Western RR. Co. stock $1,005,000 00
Carson & Colorado Ry. Co. stock 4,375,000 00
Cent.Tex. & Northwest'n Ry. Co. stock $195,000 00
Cromwell Steamship Co. stock 995,000 00
Amount
Deposited.
8295,000 00
198,000 00
1,097,00000
1,905,000 00
395,00000
9,596,000 00
608,00000
6,945,000 00
Fort Worth & New Orl. Ry. Co. stock.
Gal., IIous. & Northern Ry. Co. stock
Gila Val., Globe & North. Ry. Co. stock
Houston, E. & W. Texas Ry. Co. stock
Houston & Shreveport RR. Co. stock..
Houston & Tex. Cen. RR. Co. st ock . .
New York, Tex. & Mex. Ry. Co. stock
Oregon & Cal. RR. Co. common stock
Oregon & Cal. RR. Co. preferred stock 11,980,000 00
Pacific Mail Steamship Co. stock 10,005,000 00
South Pacific Coast Ry. Co. stock 5,993,000 00
South. Pac. RR. Co. (of Cal.) stock .... 3,900,000 00
Wells, Fargo & Co's. Express stock. . . 1,530,000 00
Total Stocks $61,017,00000
Car. & Col. Ry. Co. 1st mtge. 4 p. c. Bds. 2,000,000 00
Gal., Harrisburg& San Antonio Ry. Co.
2d mtge. M. & P. ext. 6 p. c. bonds 1,110,000 00
Galveston, Houston & Northern Ry. Co.
1st 5p. c. bonds 800,000 00
Gulf, West Tex. & Pacific Ry. Co. 1st.
mtge. 5 p. c. bonds 2,224,000 00
Hous. & Shreveport RR. Co. 1st mtge.
6 p. c. bonds 150,00000
Tex. & New Orleans RR. Co.,DallasDiv.
1st mtge 4 p. c. bonds 890,00000
Total Bonds $7,174,00000
Total Stocks and Bonds 68,191,00000
19. Statement of assets and liabilities of tbe Southern Pacific Co. for seven fiscal years :
1895
(Dec. 31).
1896
(Dec. 31).
1897
(June 30).
1898
(June 30).
1899
(June 30).
1900
(June 30).
1901
(June 30).
Capital Assets :
Proprietary Co.'s Stocks.
Stocks of Leased Lines.
Stocks of Other Cos. . . .
Bonds Owned
$
119,787,537
679,830
932,434
S
122,953,907
679,830
914,433
$
122,990,653
679,830
903,578
$
123,385,204
400,000
893,202
$
125,548,730
400,000
1,192,772
277,500
8
1237,443,648
1
248,200,838
St'mships &Oth.Fl't Eq.
Current Assets :
Treasury Securities
Materials and Supplies. .
Construction Advances.
Bills and Accounts. . .
Cash
3,071,318
4,463,228
1,746,232
382,335
1,398,728
3,658,266
3,072,845
4,441,287
1,726,462
29,442
800,812
4 227 537
3,072,845
4,630,347
2,400,075
18,362
717,309
2,009,579
1,537,991
4,385,980
1,734,790
323,652
2,475,240
3,955,254
2,686,857
5,154,682
2,652,767
1,390,079
3,369,468
3,603,889
3,693,476
7,566,697
2,761,705
1,041,778
7,141,203
2,801,845
3,693,476
1,644.968
2,759,617
1,576,192
5,449,822
6409483
Deferred Assets :
Rolling Stock
76,132
129,705
147,274
407,166
209,089
152,153
River Stea. & Barges, etc.
Real Estate Term. Prop.
Other Property
23,600
2,718,444
124,436
23,600
j- 2,981,742
23,600
( 2,731,203
( 125,603
23,600
2,979,454
125,672
38,844
2,820,966
82,605
222,342
2,865,554
190,337
1.375,720
2,661,952
115,840
Other Deferred Assets..
Contingent Assets :
Proprietary Cos
3,078,478
2,688,721
1,232,880
1,245,500
1,908,003
771,798
1,213,212
185,132
1,238,083
384,004
7,685,173
300,750
10,657,016
Leased & Affiliated Cos.
Other Contingent Assets.
2,468,042
3,765,356
2,497,566
1,068,547
3,155,505
1,637,671
8,644,081
2,449,964
4,442,036
2,715,905
1,158,343
1,530,812
660,000
Total Assets
Capital Liabilities :
Capital Stock
151,063,115
120,995,070
146,674,463
120,995,070
148,379,371
120,995,070
150,446,368
121,055,170
158,207,483
126,608,114
272,363,300
197,832,148
287,188,639
197,847,788
Bonded Debt
2,715,000
2644 000
2,572 000
2,501,000
2,429000
31,176,500
46,104 500
Current Liabilities ;
Loans and Bills Payable.
Vouchers and Pay Rolls.
Int. Due and Accrued. . .
Traffic Balances
3,191,682
3,521,638
3,386,768
2,392,238
3,260,477
3,410,371
943,076
3,044,866
3,375,005
100,730
1,425,000
8.428,235
3,374,833
130,081
650,000
4,040,110
3,318,219
121,933
7,406,769
4,461.439
4,564.345
308.662
800,000
4,850.872
4,460.611
666,265
All Other Items
2,732,971
983,955
1,543,302
1,115,834
1,599,482
12,174
10,323
Deferred Liabilities :
Central Pacific RR. Co. .
884,702
203,060
771,896
Wells, Fargo & Co. Con.
Other Items
608,000
558,317
576,000
331,327
576,000
140,500
544,000
293,499
512,000
173,360
464,000
305,728
432,000
285,822
Contingent Liabilities:
Insurance Funds
1,287,736
1,464,477
1,553,135
1,239,402
1,513,418
1,887,093
1,791,581
Renewal Funds
276,257
376,845
323,690
199,387
67,197
275,194
275,813
Proprietary Companies.
Leased & Affiliated Cos
4,012,917
755,840
2,856,889
4,494,166
655,839
5,571,420
466,895
5,438,037
22,079
11,879,268
17,183,978
Other Items. ....
845,231
599,626
72,958
1,477,100
1,740,089
1,543,742
Profit and Loss
6,175,687
6,783,188
7,104,333
8,898,552
9,465,538
10,049,941
10,935,343
Total Liabilities
151,063,115
146,674,463
148,379,371
150,446,368
158*207,483
272,863,300
287,188,639
POOR'S MANUAL — SOUTHERN PACIFIC COMPANY.
595
2O. Contolidated General Balance Sheet of Proprietary Companies, June 30, 1901 :
Capital Assets ($650,664,919.37):
Cost of Road and Franchises $625,968,169 28
Expenditures for New Lines 4,839,889 72
Sinking Funds (see Sec. 26) 14,718,044 18
Land Grant Accounts (see Sec. 30) 4,502,926 47
Trust Fund" (see Sec. 27). . ,
Cash and U. S. Gov. Bonds Deposited
Against Bonds Satisfied of Mortgage. . .
Current Assets ($7,100,173.21):
Agents and Conductors
Loans and Bills Receivable
Cash
Individuals and Companies.
582,789 72
53,10000
241,34568
46,028 03
938,742 40
545,48897
Material, Fuel, and Supplies 4,135,054 80
Traffic Balances 5,078 10
U. S. Government Transportation 106,186 45
Bonds Owned (see Sec. 24) 1,082,248 78
Deferred Assets ($1,393,820.86):
Individuals and Companies 237 11
Land and Other Property 599,754 61
Stocks Owned (see Sec. 24) 776,68591
Due from San Ant. & Aran. Pass Ry. Co.. 17,143 23
Proprietary Companies ($6,963,707.29):
Due from Austin & Northw'n RR. Co .... 356,969 98
Central Pacific Ry. Co 8,847 69
Direct Navigation Co 223,721 28
" Ft. Worth & New Orleans Ry.Co. 13,16906
" Galveston, H. & San A. Ry. Co. 5,134,094 03
" Galveston, H. & North. Ry. Co. 124,399 06
Gnlf,W. Texas & Pacific Ry. Co. 192,005 92
Houston & Shreveport RR. Co.. 15,531 69
Houston & Tex. Cen. RR. Co... 380,50405
M.'s La. & Tex. RR. & SS. Co. 15,687 81
N. Y. , Texas & Mexican Ry. Co. 386,440 43
Texas & New Orleans RR. Co. . 112,336 29
Due from Southern Pacific Co 17,183,978 33
Contingent Assets ($152,965.07):
Individuals and Companies 55,076 10
Unadjusted Accounts 97,888 97
Profit and Loss (see Sec. 13) 11,246,260 77
Total Assets $694,705,824 90
Capital Liabilities ($611,218,101.37):
CapitafStock $279,924,572 00
Preferred Stock 24,000,00000
Funded and Other Fixed Int.-bear. Debt. 267,125,894 94
Equipment Trust Obligations 89,175 94
3 p. c. Notes Favor U. S. of America 39,802,458 49
Securit's to be Issued for New Lines, etc. 300,000 00
Bonds Satisfied of Mortgage, but not
Presented. 36,000 00
Current Liabilities ($3,137,749.44):
Individuals and Companies 61,749 42
Traffic Balances 273,893 7U
Coupons Matured, but not Presented 379,695 49
Coupons Due July 1 308,350 00
Interest Accrued to June 30, but not Due. 519,749 63
Loans and Bills Payable. 119,151 57
Vouchers and Pay Rolls 1,467,824 54
Unpaid Dividends 7,335 00
Deferred Liabilities ($1,597,304.31):
Individuals and Companies 218,327 52
Unadjusted Accounts 16,916 24
Taxes Assessed, but not Due 145,0&3 02
Sinking Funds, uninvested 1,217,00753
Proprietary Companies ($6,963,707.29):
Due to Central Tex. & Northw'n Ry. Co. . 199,007 49
Direct Navigation Co 114,063 14
Ft. Worth <fc New Orleans Ry. Co. 177,812 14
Galveston, H. & San Ant. Ry. Co. 373,586 58
Gulf, W. Texas & Pacific Ry. Co. 50,662 70
Houston, E. & W. Tex. Ry. Co. . . 15,531 69
Houston & Texas Central RR. Co. 356,969 98
Iberia & Vermilion RR. Co 15,687 81
N. Y., Texas & Mexican Ry. Co. . 111,539 38
Southern Pac. RR. Co. (of Cal.) . . 8,847 69
Texas & New Orleans RR. Co .... 5,539,998 69
Due to Southern Pacific Co 10,652,180 78
Contingent Liabilities ($5,825,626.55):
Individuals and Companies 12,499 47
Unadjusted Accounts 295,963 92
Principal of Deferred Payments on Land
Contracts 4,502,92647
166,436 69
847,80000
Replacement Funds
Appropriation for New Equipment.
Profit and Loss (see Sec. 13) 55,311,155 16
Total Liabilities $694,705,824 90
21. Capital Stock — The capital stock of the Southern Pacific Co. outstanding on July 1, 1900,
amounted to $197,832,148.40. This was- increased during the year by $15,640 issued against stock of the
Southern Pacific RR. Co. (of California) purchased by the Southern Pacific Co. (and paid for by the issue
of its own stock), and deposited with the Union Trust Co., making the total outstanding stock of the
Southern Pacific Co. at the close of the year $197.847,788.40.
The greater amount of the capital stock of the Southern Pacific Co. having been issued to acquire
the stocks of proprietary lines (see Manual for 1898, page 751), the amount so issued stands practically in lieu
of that received; and the stocks thus received covering practically all the capital stock of the several
companies, the stock issued therefor by the Southern Pacific Co. represents the actual ownership of the
proprietary lines. To guard against the circulation of this double capital, the stock of the proprietary
lines owned by the Southern Pacific Co. has been deposited in trust with the Union Trust Co., and
stamped " not negotiable " until the Southern Pacific stock issued therefor has been cancelled.
The aggregate of the stocks of the proprietary companies outstanding on July 1, 1900, amounted to
$291,273,572. The aggregate of the capital stocks of companies acquired during the year amounts to
$12,516,000. There was issued during the year, for account of new lines built, stock amounting to
$135,000, making total stock of proprietary companies outstanding on June 30, 1901, $303,924,572. Of the
total outstanding stock, $291,583,215 is owned by the Southern Pacific Co. and $845,000 by the Morgan's
Louisiana & Texas RR. ft SS. Co., a proprietary company of the Southern Pacific Co.
The stocks owned by the Southern Pacific Co. and deposited with the Union Tmst Co. of New York
against capital stock issues of the Southern Pacific Co., and the stocks and bonds deposited with the
trustees of the Southern Pacific Co.'s 4 p. c. gold mortgage (Central Pacific stock collateral) and 4J p. c.
2-5-year gold mortgage are shown in detail in Sec. 18.
22. Funded Debt, Southern Pacific Co.— The funded debt outstanding on June 30, 1901—
total, $46,104,500, as per general balance sheet — consisted of the three issues of bonds described hereunder.
The details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
Bond List — see General Index:
$2,286,OOO steamship 1st 6« of Jan. 1, 1911.
The original amount was $3,000,000, but there
have been retired $71,000 of bonds each year in
1892, 1893, 1894, 1896, 1898, and 1900, and $72,000
each year in 1895, 1897, 1899, and 1901.
558,81 8,5OO collateral trust gold 4s of Aug. 1,
1949. Secured by mortgage covering the pre-
ferred stock issued and to be issued of the Central
Pacific Ry. Co.; also the $67,274,200 common
stock of the same company purchased by the
Southern Pacific Co. The authorized amount of
bonds is $86,819,000, of which bonds amounting to
$8,000,000 are reserred to be applied aa follows:
(1) $3,000,000 face value, are reserved to be used
to provide additional funds, if required, for the
payment from time to time of any of the 3$
p. c. bonds given by the Central Pacific RR. Co.
to the U. S. Government, in the settlement of
its debt pursuant to the Settlement Agreement
of Feb. 1, 1899, or, when such notes have been
paid, to be applied at their market value to
provide for payment for, or the reimbursement
of, the cost of betterments and additions to the
properties of the Central Pacific Ry. Co., covered
by the 1st refunding and 3i p. c. mortgages.
(2) $5,000,000 face value of uuch bonda are
596
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
reserved to be applied at their market value to
provide for payment for, or the reimbursement of,
the cost of betterments and additions to the prop-
erties of the Central Pacific Ry. Co. The amount
of such additional $5,000,000 bonds, so to be
applied, is not, however, to exceed $200,000 per
annum from the date of the mortgage. When and
as any of such reserved bonds are issued by the
Southern Pacific Co., the like amounts at par
value of Central Pacific Ry. Co. preferred stock
are to be forthwith deposited with the trustee
under the mortgage, to be held as collateral se-
curity in the same manner as the preferred and
common stock now pledged thereunder. The
mortgage provides that the trustee (upon request
of the holders of one-fourth in amount of the
outstanding bonds) may sell the pledged stocks
covered thereby, in case of six months' default
in the payment of the principal or interest on the
4 p. c. bonds, and, upon the like default and
request, it is provided that the trustee shall
declare the principal of the bonds to be due, but
this declaration may be rescinded and annulled
at any time prior to the sale of the pledged stocks
by the holders of a majority in amount of the
outstanding bonds. The mortgage also provides
that, while said 4 p. c. bonds remain outstanding,
neither the preferred nor the common stock of
the Central Pacific Ry. Co. shall be increased
beyond the amounts now authorized; viz., $20,-
000,000 preferred and $67,275,500 common, unless
arrangements have been made for depositing under
said collateral trust mortgage (simultaneously
with the issue of such increase of such stock)
the same proportionate part of such increase of
each class of stock, as the stock of such class
theretofore covered by said mortgage was of the
whole outstanding stock of such class as the same
existed before such increase; and also that the
Central Pacific Ry. Co. shall not be merged or
consolidated with any other railroad company
without the consent of the holders of a majority
in amount of the 4 p. c. gold bonds of the South-
ern Pacific Co. then outstanding. The mortgage
also provides that, while the 4 p. c. bonds are
outstanding, no new mortgages (other than the
1st refunding mortgage and 3J p. c. mtge. of the
Central Pacific Ry. Co., dated Aug. 1, 1899)
are to be made of the properties covered by such
refunding and 3J p. c. mortgages except to
refund the bonds secured thereby, or either of
such issues.
$15,OOO,OOO two-five-year 4J p. c. gold mtge.
bonds of Dec. I, 1905, redeemable at par and
accrued interest on Dec. 1, 1902, or any interest
day thereafter. Secured by mortgage covering
stocks and bonds of an aggregate par value of
$68,191,000 deposited with the trust.
Sec. 18). The authorized issue is $30,000,000.
The remaining $15,000,000 may be issued, under
carefully guarded restrictions, against the deposit
of additional stock and bonds. of compaii
trolled by the Southern Pacific Co., or whose
properties connect with the Southern Pacific
System, or they may be issued against the mort-
gage or conveyance in trust as additional secur-
ity, under the mortgage of properties to i
by or in connection with the properties of the
Southern Pacific Co. or its controlled companies
(see Manual for 1901, page 622). The mortgage
provides that in no event is the amount of ad-
ditional bonds issued thereunder to " exceed 90
p. c. of the actual cost to the Southern Pacific
of the additional securities or properties mort-
gaged. It is also provided that any or all of the
securities or properties covered by the mort-
gage ma3r be sold at any time, or from time to
time, the proceeds to be paid over to the trustee
and held as part of the trust fund. In case of
three months' default in the payment of prin-
cipal or interest of the bonds, the trustee upon
the request of the holders of one-fourth in
amount of the outstanding bonds may sell the col-
lateral and any properties that may be pledged
under the mortgage, and upon the like default
and request the trustee may declare the principal
of the bonds to be due; but this declaration may
be rescinded and annulled at any time prior to
the sale of the securities or properties covered by
the mortgage, by the holders of a majority :n
amount of the outstanding bonds.
23. Changes in Funded and Other Fixed Interest-Bearing Debt, Southern Pacific Co. and
Proprietary Companies, year ending June 30, 1901.
There were outstanding at the beginning of the year:
Bonds of the Southern Pacific Company to the amount of $31 ,176,500 00
Funded debt of Proprietary Companies (including $6,354,000 Income Bonds) to the amount of
$244,543,484.73 ; Equipment Trust obligations, $84,584.93; 3 p. c. notes of Central Pacific RR.
Co. in favor of the United States of America, $44,109,536.70— total 8288,737.606 36
Total Southern Pacific Company and Proprietary Companies $319,914,106 36
Funded debt of Houston & Texas Central RR. Co., Austin & Northwestern RR. Co., Central
Texas & Northwestern Ry. Co., and Fort Worth & New Orleans Ry. Co., outstanding July
1,1900: Mortgage Bonds, $17,276,000; Debenture Bonds, $57,000— total 17,333.000 00
Total $337,847,106 36
There were issued during the year: $15,000,000 Southern Pacific Company 2-5-yr. 4f p. c. gold
bonds; $456,500 Central Pacific Ry. Co. Bond ($389,500 1st Refunding* mtge. 4 p. c. and $67,000
3| p. c. mtge. bonds, in exchange for $413,000 old Central Pacific RR. Co. bomfte deposited);
$2,941,000 1st refunding mtge. 4p. c. bonds (released on payment of note to United States of
America, due Feb. 1, 1902). Issued against acquisition and construction of railroads and other
properties, $4.331,000, as follows: Houston & Texas Central RR. Co., 1st mtge., Waco &
Northwestern Division 6 p. c. bonds, $1,105,000; Oregon & California RR. Co. 1st mtge. 5 p. c.
bonds, $375,000; Southern Pacific RR. Co. (of California) Istconsol. mtge. bonds, $1,381,000;
Texas* New Orleans RR. Co., Dallas Division 1st mtge. 4 p. c. bonds, $1,470,000— total $22,728,500 00
Total $359,975,606 36
And there were retired during the year: $72,000 Southern Pacific Co. 6 p. c. SS. bonds purchased
and cancelled; $1,610,000 Central Pacific Ry. Co. bonds purchased and cancelled: (1st refund-
ing mtge. 4 p. c. bonds, $24,000; 3i p. c. mtge. gold bonds, $1,173,000; Old Central Pacific RR.
Co. bonds deposited with trustee, $413,000); Note of Central Pacific RR. Co. in favor of the
United States of America, due Feb. 1, 1902, $2,940,635.78; also credited on principal of note,
due Aug. 1, 1902, $1,366,442.48— total, $4,307,078.21. Galveston, Houston & Northern Ry. Co.
equipment trust notes paid off, $14,408.99; Houston, East & West Texas Ry. Co. equip, trust
notes paid off, $41,000. Houston & Texas Central RR. Co. bonds purchased and cancelled:
1st mtge. 5 p.c. bonds, $319,000; consol. mtge. 6 p.c. bonds, $186,000— total, $505.000. Oregon
& California RR. Co. 1st mtge. 5 p. c. bonds purchased and cancelled, $104.000; Texas & New
Orleans RR. Co. 1st mtge. Main Line 7 p. c. bonds purchased and cancelled, $253.000; Payment
to the State of Texas for account of School Fund Debt, $7,089.79— total $6,913.576 99
Total funded and fixed interest-bearing debt, Southern Pacific Company and Proprietary Com-
panies, June 30, 1901 (including $6,354,000 income bonds) $353,062,029 37
POOR'S MANUAL — SOUTHERN PACIFIC COMPANY.
597
24. Bonds and stocks owned by the Southern Pacific Co. and Proprietary Companies on
June 30, 1901, held in the treasury unpledged.
BONDS. STOCKS. BONDS.
Southern Pacific Co. $ $
G., H. & S. A. Ry. Co. stock.. . 39,200 00
V. L. &T. KR. &SS. Co. stock 10,000,00000
. &S. R. V. RR.Co.stock 510,00000
685,00000
95,000 00
Oreg. & Cal. RR. Co. 1st 5s
Riv. & Arl. Ry. Co. 1st 4s
8. P. RR.C«. (of Cal.) 1st con. 5s. 129,00000
8. P. RR. Co. (of Cal.) stock 133,95400
8. P. Co. 4 p. c. bonds (Central
Pacific stock collateral) 13,000 00
Stocks in Oil Companies 527,09440
Tex. & N. O. RR. Co. 1st (main
line)7s 188,00000
Miscellaneous stocks 5,135, 128 00
Total owned by S. P. Co... 1,110,00000
Charged on books 1,115,501 16 529,466 96
Central Pacific Ey. Co.
C. P. Ry. lot refund. 4s ... 65,500 00 .
C.P.Ry.Sis 5,12500
Colfax & F. Hill Com. Co. stock 23,300 00
OgdenU. Ry.&DepotCo. IstSs. 163,00000
O. U. Ry. & D. Co. stock 150,00000
S. P. Branch Ry. Co. 1st 6s 25,000 00
Capital stock in transp. lines 160,00000
Miscel. stocks (book value).
STOCKS.
3,617 50
Total 258,62500
Charged on books 261,74878 154,66928
Houston & Texas Cen. RR. Co.
Cap. Stock F.W.U. Pass. Station 25,00000
Charged on books 81,68322
Morgan's L. & T. RR. & SS. Co.
Direct Nav. Co. 5 p. c. sec. note. 100,00000
Direct Navigation Co. stock 50,700 00
Gulf, W. T. & P. Ry. Co. stock 496,500 00
Hous. & Tex. C. RR. Co. gen. 4s 570,000 00
Iberia & Ver. RR. Co. stock 298,500 00
Tex. Trans. Co. 1st 5s 350,00000
Stk. in Citizens' Bk. of N.O.,La 36,00000
Total.., ..1,020,00000 881,70000
Charged on books 820,50000 589,5^46
South. Pac. RR. Co. (of Cal.)
Miscel. stocks (book value) 735 95
Total owned by Prop. Go's.. 1,278,625 00
Charged on books 1 ,082,248 78 776,685 91
Totals. P. Co. & Prop.Co's. 2,388,625 00
Charged on books 2,197,749 94 1,306,152 87
25. Betterments and Additions. — There was expended for betterments and additions, including
new equipment, for account of proprietary companies east of El Paso, $1,918,444.04, and for account of
proprietary companies west of El Paso, $4,886,165.33; a total of $6,804,609.37. The expenditures were for:
Ballasting 201.84 miles of track ., $297,263 43
Permanent bridge foundations, iron and steel bridges, culverts, creosoted timber trestles,
and for strengthening bridges for 50-ton capacity freight cars 357,786 45
Engine houses, shops, fuel stations, roadway buildings, snow sheds and snow fences, signals
and interlocking plants, station buildings, station grounds, turntables and water stations 959,788 67
Cattle guards and crossings, fencing, filling in timber trestles, right of way, real estate and
telegraph 141,728 17
For 146.15 miles of new sidings (less 15.56 miles taken up) and 10.34 miles of second track.. 723,012 47
For 28,068 miles of newly constructed road and other improvements of grades and alignment,
reducing length of road by 2.472 miles 428,185 08
For 60 locomotives, 1 baggage, mail and express, 3 caf6, 15 chair, 2 postal, 1,749 box, 569
other freight, and 124 road service cars, shop machinery, amounting to $92,026.91, and two
months' proportion of cost of new equipment under contract for delivery before Dec. 31,
1901, chargeable to this year's operations 3,896,845 10
Total (charged to income of the proprietary companies) $6,804,609 37
The expenditures for betterments and additions to the New Mexico & Arizona and Sonora Railways,
amounting to $66,340.27, have been charged against the income of the Southern Pacific Company.
26. Sinking Funds. — The transactions for account of the sinking funds of the respective pro-
prietary companies resulted as follows: Income from investments collected and accruing to June 30, 1901,
$883,187.38; income from annual requirements of mortgages, $450,000— total, $1,333,187.38. Deduct for
interest collected on securities pledged for the redemption of Central Pacific Ry. 3J p. c. mtge. bonds, to
be applied primarily to the payment of the current interest on said bonds, $367,388.24. Balance, $965,799.14;
excess of proceeds of sales of securities held on deposit under Central Pacific Ry. 3J p. c. mtge. above
cost of same to Central Pacific RR. Co., $58,426.66— total applicable for redemption of bonds, $1,024,225.80.
Amount to the credit of the respective sinking funds at the beginning of the year, $14,537,874.19. Total
available, $15,562,099.99. Less paid for $934,000 Central Pacific Ry. 3J p. c. mtge. bonds purchased and
canceled, $819,785.81; paid for $24,000 Central Pacific Ry. 1st refunding mtge. 4 p. c. gold bonds canceled,
$24,270 — total, $844,055.81. Balance, June 30, 1901, consisting of bonds purchased for investment and cash on
hand uninvested, $14,718,044.18. The sinking fund transactions of each company and the securities held and
cash on hand for account of each fund are shown in the following statements.
Receipts and Disbursements of Sinking Funds of Proprietary Companies
Central Pacific By. Co.
A — SINKING FUND FOR REDEMPTION OF IST REFUNDING MORTGAGE 4 p. c. GOLD BONDS.
$24,000 C. P. Ry. 1st refund, mtge. 4 p. c.
gold bonds purchased and canceled
Balance, cash uninvested, June 30, 1901 —
$24,270 00
730 00
Total $25,00000
Annual requirement of mtge., due Dec. 31,
1901 $25,00000
Total $25,00000
B— SINKING FUND FOR REDUMPTION OF CENTRAL PACIFIC RY. 3J p. c. MORTGAGE GOLD BONDS.
$28,000 C. P. Ry. 3J p. c. mtge. gold bonds.
purchased and canceled $24,605 00
Balance cash uninvested, June 30, 1901 395 00
Total $25,00000
Annual requirement of mtge., due Dec. 31,
1900 $25,00000
Total $25,00000
598
• POOR'S MANUAL OF RAILROADS— PACIFIC GROUP.
C— 8$ P. o. MORTGAGE GOLD BONDS— UNITED STATES TRUST Co. OF N. Y., TRUSTBB.
Proceeds from the sale of $400,000 S. P. RR.
of N. M. bonds applied in the purchase of
$541,000 3* p. c. mtge. gold bonds, costing. $460,003 20
Cost of $375,000 C. P. Hy. 8* p. c. mtge.
bonds, purchased and canceled 335,177 61
Interest on securities collected applied to
payment of interest on C. P. Ry. 3} p. c.
mtge. bonds 367,38824
Balance, June 30, 1901, viz.:
$300,000 Austin & Northwestern RR. 5s.
548,000 Ft. Worth & New Orl. Ry. 6s.
1,024,000 Gal., Har. & San Ant. Ry. 5s.
1,788,000 Guatemala CentAl RR. 6s.
322,000 Iberia & Vermilion RR. 5s.
400,000 Oregon & California RR. 5s.
1,135,000 South'n Pac. RR. of N. Mex. 6s.
600,000 San Ant. & Aran. Pass Ry. 4s.
1,000,000 Morgan's L. & T. RR. & S8. Co.
gen. mtge. 5s
295,000 8. P. Co. 6 p. c. Steamship Bonds.
$7,412,000 Cost .. 7,242,21400
Cash Uninvested 808 55
Total $8,405,591 60
Balance, July 1, 1900, viz.:
Securities $6,059,010 30
Cash Uninvested 2,27349— $6,061,283 79
Securities and cash (rang/erred from Sink-
ing Funds Nos. 6 and 9, viz :
$1,000,000 M. L. <fc T. RR. & SS. Co. gen. 5s 1,000,000 00
281,000 G., H. & S. A. Ry. 5s 273,60970
295,000 S. P. Co. 6 p. c. steamship bonds 309,594 00
Cash 334,56654
Interest 72267
Interest on Securities Collected 367,38824
Amount Realized from Bonds Sold as per
contra in Excess of their Cost 58,426 66
Total $8,405,591 60
D— SINKING FUNDS Nos. 6 AND 9— BOARD OP DIRECTORS, CENTRAL PACIFIC RR. Co., TRUSTIES.
(For Redemption of Central Pac. KB. Co., Cal. & Ore. Div. and San Joaquin Vy. RR. Bonds.)
Proceeds from sale of $72,000 S. P. Co. 6 p.
c. steamship bonds included in cash trans-
ferred to U. S. Trust Co., trustee $75,60000
Securities and cash as noted in Table C,
deposited with U. S. Trust Co. of N. Y.,
trustee, 3J p. c. mtge., viz :
$1,000,00000 M.L.&T.RR.&
SS. Co. gen. 5s $1,000,00000
G.H.&S.A.Ry.5s 273,609 70
S. P. Co. 6 p. c.
St'ship Bonds 309,594 00
Cash 334,566 54—1,917,770 24
Securities as noted in Table E, deposited
with U. S. Trust Co. for account of Board
of Directors, Central Pacific RR. Co.,
trustees of Sinking Fund No. 6, viz :
$1,991,00000 S. P. Co. 6 p. c. SS. Bonds.. 2,090,55000
$281,00000
$295,00000
Total $4,083,92024
Balance, July 1, 1900 :
Securities $3,749,353 70
Cash Uninvested 57,644 83— $3,806,998 53
Proceeds from sale of $72,000 S. P. Co. 6
p. c. Steamship Bonds 75,600 00
Adjustments in Accounts 85 03
Interest on Securities Collected.$198,505 00
Interest on Collections 2,73168— 201,23668
Total $4,083,92024
K— SINKING FUND No. 6— BOARD OP DIRECTORS, C. P. RR. Co., TRUSTEES.
(For Redemption of Central Pacific RR. Co., Cal. <& Ore. Div., Bonds, Series A and B.)
Balance as per contra, June 30, 1901 $2,090,550 00
Total $2,090,55000
$1,991,000 S. P. Co. 6p. c. steamship bonds,
transferred from Sinking Funds Nos. 6
and 9 and delivered to U. S. Trust Co. of
N. Y., trustee $2,090,550 00
Total $2,090,55000
F— SINKING FUND No. 10— METROPOLITAN TRUST Co. OP NEW YORK, TRUSTEE.
(For Redemption of Central Pacific RR. Co. 50-yr. 5 p. c. Bonds of 1939.)
Balance, June 30, 1901, viz.:
$177,000 C. P. RR. 5 p. c. Bonds of 1939.. . . $154,590 00
Cash Uninvested 31,260 00
Total $185,85000
Balance, July 1, 1900, viz.:
Securities $154,590 00
Cash Uninvested 22,410 00— $177,000 00
Income from Investment
8,85000
Total $185,85000
G — SINKING FUND No. 10— BOARD OP DIRECTORS, C. P. RR. Co., TRUSTEES.
(For Redemption of Central Pacific RR. Co. 50-yr. 5 p. c. Bonds of 1939.)
Balance, June 30, 1901, viz.:
$62,000 C. P. Ry., 31 p. c. mtge. Gold Bonds $49,944 10
Cash Uninvested. 3,40345
Total $53,34755
Balance, July 1, 1900, viz.:
Securities $49,94410
Cash Uninvested. 1,203 29— $51,147 39
Income from Investments 2,170 00
Interest on Collections 3016
Total $53,84755
POOR'S MANUAL— SOUTHERN PACIFIC COMPANY.
599
H— SINKING FUND No. 11— BOARD OF DIRECTORS CENTRAL PACIFIC RR. Co., TRUSTEES.
(For Redemption of Central Pacific KB. Co., Cat. & Ore. Division, Bonds, Series A and B.)
Balance, Jane 30, 1901, viz.:
$05,000 Cal. & Ore. Div., Series A
and B Bonds $67,397 50
21,000 Face Value, Central Pac.
Ry., 3A p. c. Mtge. Bonds 16,916 55
Cash Uninvested 14,338 17— $98,646 22
Total $98,64622
Balance, July 1, 1900, viz. :
Securities $84,314 05
Cash Uninvested 10,33424— $94,64829
Income from Investments 3,985 00
Interest on Collections 1293
Total $98,64622
CENTRAL PACIFIC RY. RECAPITULATION.
Table.
Income
from
Invest-
ments.
Cost of
Bonds held
as Invest-
ments, June
30, 1901.
Cash
Uninvested.
Sinking Fund for redemption of C. P. Ry. 1st refund, mtge. 4 p. c.
Gold Bonds
A
B
C
II
I-;
F
G
H
$
$
73000
39500
80855
Sinking Fund for redemption of C. P. Ry. 3| p. c. mtge. Gold Bonds.
Securities and Cash Pledged for 3^ p. c. mtge
368,110 91
201,321 71
7,242,214 66
Sinking Funds Nos 6 and 9 .
Sinkin"1 Fund No 6 . ...
2,090,550 00
154,590 00
49 944 10
84,314 05
Sinking Fund No 10, Metropolitan Trust Co., Trustee
8,85000
2,20016
3,997 93
31,26000
3,403 45
14,332 17
Sinking Fund No 10
Sinking Fund No. 11 ....•
Total
584,480 71
9,621,612 15
50,929 17
Southern Pacific Railroad Company (of California).
I— SINKING FUND FOR REDEMPTION OF SOUTHERN PACIFIC RR. Co. 6 P. c. BONDS OF 1875.
Bonds Purchased and Cancelled, viz.:
$24,000 Los Angeles & San Diego RR $24,000 00
30,000 Monterey RR 30,000 00
31,000 San Pablo & Tulare RR 31,00000
412,000 S. P. RR. (of Cal.) 6s of 1875 412,000 00
Total $497,00000
Balance, Jnne 30, 1901, viz.:
$180,000 C. T. & N. W. Ry. 6s $180,00000
161,000 F.W. &N.O.Ry. ~
261,000 G., H. & 8. A. Ry. 5s
117,000 Northern Ry. 5s.'. . .
161,000 Cfo
234.90000
117,000 00
202,00000
202,000 So. Pac. Br. Ry. i
731,000 So. Pac. (of Cal.) 5s
of 1893 705,500 00
181,000 Tex. & N. Orl. RR.
consol. 5s 187,335 00
Total . . . . .$1,787,735 00
Cash Uninvested 437,860 15— 2,225,595 15
Total $2,722,59515
Receipts to June 30, 1900 $2,525,515 15
Receipts during the Year :
Annual Requirement of Mortgage 100,000 00
Income from Investments 97,080 00
Total $2,722,59515
J— SINKING FUND FOR REDEMPTION OF SOUTHERN PACIFIC BRANCH RT. 6 P. c. BONDS.
Bonds Purchased and Cancelled, viz. :
$45,000 Southern Pacific Branch Ry. 6s $48,875 00
Balance, Jnne 30, 1901, viz. :
$50,000 Sierra Ry. (of Cal.) 6s. . . .851,600 00
Cash Uninvested 106,659 72— 158,259 72
Total $207,134 72
Receipts to Jnne 30, 1900 $154,134 72
Receipts during the Year :
Annual Requirement of Mortgage 50,000 00
Income from Investments 3,000 00
Total f $207,13478
K— SINKING FUND FOR REDEMPTION OF 8. P. RR. Co. IST CONSOL. 5 p. c. BONDS. OF 1893.
Bonds Purchased and Cancelled, viz. •
$19,000 S. P. RR. (Cal.) 1st Con. 5s of 1893.. . .$20,235 00
Balance, June 30, 1901, viz.:
Cash Uninvested 40,52401
Total $60,75901
Receipts to June 30, 1900 $40,759 01
Receipts during the Year :
Annual Requirement of Mortgage 20,000 00
Total $60,75901
600
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
Ij— SINKING FUND FOR REDEMPTION or NORTHERN RY. Coy 6 p. c. BONDS.
Bonds Purchased and Cancelled, viz. :
$15,000 Amador Branch RR $9,71000
11,000 Berkeley Branch RR 16,01558
166,000 Sacramento & Placerville RR 166,18641
Total $191,91199
Balance, June 30, 1901, viz. :
$290,000 Q.,H. &S.A.Ry.lst58.$271,25000
34,000 Northern Ry . 6s 40,372 00
311,000 Northern Ry. Bs 306,800 00
69,000 T.&N.O. RR.consol.5s 71,41500
Total... ...f689;83700
Cash Uninvested 167,456 75— 857,293 75
Total $1,049,205 74
Receipts to June 30, 1900
Receipts during the Year :
Annual Requirement of Mortgage.
Income from Investments
.$973,66574
. 40,00000
. 35,540 00
Total $1,049,20574
OT— SINKING FUND FOR REDEMPTION OF NORTHERN RAILWAY Co. 5 r. c. BONDS.
Balance, June 30, 1901, viz.:
$19,000 T. &N. O. RR., consol. 5s. $19,665 00
Cash Uninvested 42,593 33— $62,258 33
Total $62,25833
Receipts to June 30, 1900
Receipts during the Year :
Annual Requirement of Mortgage.
Income from Investments
$41,30833
20,00000
95000
Total1 $62,258 33
N— SINKING FUND FOR REDEMPTION OF CALIFORNIA PACIFIC RR. IST, 2o AND 3o MTGE. BONDS.
Balance, June 30, 1901, viz. :
$145,000 G., H. & S. A. Ry.lst5s.$139,071 67
Cash Uninvested 18,682 50 —$157,754 17
Total $157,754 17
Receipts to June 30, 1900 $150,504 17
Receipts during the Year:
Income from investments 7,250 00
Total $157,75417
O— SINKING FUND FOR REDEMPTION OF NORTHERN CALIFORNIA RY. IST MTGE. 5 P. c. BONDS.
Balance, June 30, 1901, Cash Uninvested $20,000 00 Receipts during the Year:
Annual Requirement of Mtge. due Dec. 31. 1899. $10,000 00
Annual Requirement of Mtge. due Dec. 31, 1900 . 10,000 00
Total $20,00000
Total $20,00000
SOUTHERN PACIFIC Co. (of California).
RECAPITULATION.
Table.
j
Total
Receipts
to June 30,
1901.
Bonds
Purchased
and
Cancelled.
Bonds
Purchased
for Invest-
ment.
Cash
Uninvested
June 30,
1901.
Southern Pacific RR. 6s of 1875
I
$
2,722,595 15
S
497,000 00
S
1,787,73500
$
437,860 15
Southern Pacific Branch Ry. 6s
J
207,134 72
48,875 00
51,60000
106,659 72
Southern Pacific RR 5s of 1893
K
60,759 01
20,23500
40,524 01
Northern Ry 6s
I,
1,049,205 74
191,911 99
689,83700
167,456 75
M
62,25833
19,665 00
42,593 33
California Pacific RR 1st 2d andSdMtges
N
157,754 17
139,071 67
18,682 50
o
20,00000
20,00000
Totals
4,279,707 12
758,021 99
2,687,908 67
833,776 46
*
Southern Pacific Railroad Company (of Arizona).
P— SINKING FUND FOR REDEMPTION OF IST MTGE. 6 p. c. BONDS.
Balance, June 30, 1901, viz.:
$165,000 Southern Pacific RR.
Co. (Ariz.) 6s $165,716 25
Cash Uninvested 131,753 75— $297,470 00
Total $297,470 00
Receipts to June 30, 1900 $187,570 00
Receipts during the Year :
Annual Requirement of Mortgage 100,000 00
Income from Investments 9,900 00
Total $297,470 00
Southern Pacific Railroad Company of New Mexico.
Q — SINKING FUND FOR REDEMPTION OF IST MTGE. 6 p. c. BONDS.
Balance, June 30, 1901, viz. :
$795,000 G.,H.&S.A.Ry., 1st 5s. $775,941 67
Cash Uninvested 200,548 15 — :
Total $976,48982
Receipts to June 30, 1900 $886,739 82
Receipts during the Year :
Annual Requirement of Mortgage 50,000 00
Income from Investments 39,750 00
Total .. $976,48982
POOR'S MANUAL— SOUTHERN PACIFIC COMPANY.
601
Recapitulation All Funds.
Credit.
Balance, June 30, 1900 $14537,87419
Income from Investments Col-
lected during fiscal year end-
ing June 30, 1901 $777,950 71
Less Collected for Account of
preceding fiscal year 144,631 24
Total $633,329 47
Interest on Investm'ts Accrued
to June 30, 1901, viz.: C. P. Ry. 206,011 24
Southern Pacific KR. (of Cal.). 32,271 67
Southern Pacific RR.(of Ariz.). 4,950 00
Southern PacificRR.of N.Mex. 6,62500— 883,18738
Annual Requirements of Mortgages 450,000 00
Profits ou Bonds Sold 58,426 66
Total $15,929,48823 Total $15,929,48823
Debit.
Proceeds from sale of Bonds applied in the
Purchase of Bonds Canceled $795,180 81
Payments to Sinking Funds used in Pur-
chase of Bonds Canceled 48,875 00
Interest Collected on Securities Deposited
for Account of C. P. Ry., 3J p. c. Mtge.
Bonds, applied to the Payment of Inter-
est on said Bonds 367,388 24
Balance, Jnne 30, 1901, viz. :
Bonds Purch. for Investm't. $13,251, 178 74
Cash Uninvested 1,217,007 53
Int. Accrued to JuneSO, 1901 249,857 91— 14,718,044 18
27. TBUST FTTHDS. — Proprietary companies :
PLEDGED TOR ACCOUNT op THE
FOLLOWING BONDS :
Central
Pacific Ry.
Co. 3£ p. c.
Mtge.
Bonds.
Oregon &
California
RR. Co. 1st
Mtge. 5 p. c.
Bonds.
S. P. RR.
Co. (of Cal.)
6 p. c. Bonds
of 1875.
Texas &
New Or-
leans RR.
Co. 7 p. c.
Main Line.
Bonds.
Total.
Balance, June 30, 1900
$
134,888 69
I
127,06099
$
8,898,339 87
$
405,823 95
8
9,566,11350
Receipts During the Year :
Cash from Sales Paid in Full
36,374 59
30,225 89
146,177 44
35,714 54
75,116 88
150,306 55
37,637 23
1,15068
1,48184
29,145 37
22,074 96
59,701 30
24,921 72
12,151 58
43,181 35
173,069 84
16,970 75
113,386 08
170,599 08
529,255 13
79,529 70
71,346 22
54,329 83
Cash from Sales Made on Deferred Payments. .
Principal of Deferred Payments Collected
Interest Collected on Deferred Payments . ,
Income from Lands '.
70,195 54
48,939 67
Cash Receipts from Other Sources
3,908 31
Total Receipts During the Year
a31,913 13
301,40772
135,843 35
249,281 83
1,018,446 03
Total
466,801 82
428,468 71
9,034,183 22
655,105 78
10,584,559 53
Applied to Payment of Interest on Bonds ... .
70 195 54
70,195 54
109,861 67
25,300 00
Land Department Expenses and Taxes
79,384 14
30,477 53
25,30000
Premium on Bonds Purchased
Total
70,195 54
79,384 14
55,777 53
205,357 21
Balance
396,606 28
349,084 57
9,034,183 22
599,328 25
10,379,202 32
Applied as Follows :
Cost of Bonds Purchased and Canceled
Cash in Hands of Trustees
*319,586 87
77,019 41
t!98,075 00
53,75884
97,250 73
8,655,500 00
378,683 22
526,000 00
73,328 25
$9,699,161 87
582,789 72
97,25073
Cash in Hands of Company
Total
396,606 28
349,084 57
9,034,183 22
599,328 25
10,379,202 32
* Face value, $377,000. t Face value, $208,000. J Face value, $9,766,500.
28. Expenditures for Capital Account. — The expenditures charged to capital account (other
than for stocks and bonds acquired in constituent companies and cost of the stocks of the Houston &
Texas Central RR. Co. and companies in Texas subsidiary thereto, and of the Cromwell Steamship Co.,
aggregating $34,893,021.09), were as follows: Central Pacific Railway (14 locomotives, 10 passenger and 300
I. B. coal cars, new rails, tie plates, buildings, reconstruction of line and other improvements of roadbed
and structures, provided for out of the improvement fund), $1,386,199.12; Houston, East & West Texas
Ry., extension to San Augustine, $529.75; Houston & Texas Central RR., cost of Waco Division (Bremond
to Ross), $1,252,295.37; Louisiana Western RR., extension, Gueydon to Abbeville and of Midland Branch,
$38,307.26; New York, Texas & Mexican Ry., extension from Wharton to Van Vleck, $187,017.67; Oregon &
California RR., extension from Mohawk Junction to Wendling, $237,040.34; Southern Pacific RR. of
California (new line -and extension, aggregating 42,262 miles, $1,608,031.89; completion of lines taken
over in previous year, $20,353.73; Bay Shore line and terminal property, $563,584.27; for 17 locomotives, 15
passenger and 429 freight cars, $726,546), $2,918,515.89; Texas & New Orleans -RR., construction of road
.from Rockland to Cedar, $972,704.49— total, $6,992,609.89. Less proceeds from property sold or taken over
in account, miscellaneous collections and adjustments, $1,811,707.45. Total charge to capital account
(other than for stocks and bonds acquired), $5,180,902.44, which was provided for by the issue of new stock
•mounting to $135,000, new bonds amounting to $1,381,000, and $1,593,053.94 was received from the
readjustment managers of the Central Pacific RR. Co. for account of the improvement fund. The remaining
12,071,848.50 was paid for out of earnings. The details of all expenditures for capital account are shown
In the following statements.
602
POOR'S MANUAL OF RAILUOADS — PACIFIC GROUP.
A. Southern Pacific Company.
Disbursements.
Cost of Securities and other Property,
June 80, 1900 $241,137,123 74
Expended During the Year ;
$28,000 Stock South. Pac.RR.(of Cal.)
10,010,000 Stock Pacific Mail SS. Co.
2,000,000 Carson & Colorado By. let 4s.
1,530,000 Stk. Wells, Fargo & Co's Ex.
800,000 Gal., Ho. & N. By. Co. 1st 5s.
2,224,000 G., W. T. & P. By. Co. 1st 5s.
150,000 Ho. & Shrev. RE. Co. 1st 6s.
890,000 Tex. & N. O. RR. Co., Dallas
Div. 1st 4s.
$17,627,000 Total $11,198,516 56
Lets: Stocks Unpledged
Transferred to Current
Assets 441,32635— 10,757,19021
Total $251,894,313 95
Receipts.
Bonds and Stocks Outstanding June 30,
1900 $229,008,648 40
Securities Issued During the Tear :
Capital Stock 15,640 00
4t p. c. 2-5-yr. Gold Bonds 15,000.000 00
Total $244,024,288 40
Less : Securities Retired During the Year:
6 p. c. Steamship Bonds Purchased
and Canceled 72,000 00
$243,952,288 40
Cost of Securities and Property Acquired
in Excess of Receipts from Securities
Issued 7,942,025 55
Total $251,894,313 95
B. Proprietary Companiet.
Receipts.
Capital Stock and Funded Debt Outstanding June 30, 1900 $580,011,178 36
Capital Liabilities of Properties Taken over During the Year:
Capital Stock Austin and Northwestern RR $1,016,000 00
Capital Stock Central Texas and Northwestern Ry 200,000 00
Capital Stock Fort Worth and New Orleans Ry 300,000 00
Capital Stock Houston and Texas Central RR 10,000,000 00
Capital Stock Cromwell Steamship Co 1,000,000 00— 12,516,000 00
Bonds of Austin and Northwestern RR $1,920,000 00
Bonds of Central Texas and Northwestern Ry 180,000 00
Bonds of Fort Worth and New Orleans Ry „ 709,000 00
Bonds of Houston and Texas Central RR 14,524,000 00— 17,333,000 00
New Securities Issued During the Year :
Central Pacific Ry. against Old C. P. Bonds Deposited, viz.:
First Refunding Mortgage 4 p. c. Bonds $389,500 00
3Jp. c. Mortgage Bonds 67,000 00
$456,50000
First Refunding Mortgage 4 p. c. Bonds (released on payment of Note to the
U. S. of America, due Feb. 1, 1902). 2,941,000 00
Houston and Texas Central BR. Co. : First Mortgage Waco and Northweitern
Division 6 p. c. Bonds 1,105,000 00
Oregon and California RR. : 1st Mtge. 5 p. c. Bonds 375,000 00
Southern Pacific RB. (of Cal.) : 1st Consol. Mtge. Bonds of 1893 1,881,000 00
Texas & New Orleans RR. : Dallas Division 1st Mtge. 4 p. c. Bonds 1,470,000 00— 7,728,500 00
Southern Pacific RR. (of Cal.): Capital Stock , 135,000 00
Total $617,723,678 36
Ltts : Bonds and Other Capital Liabilities Retired During the Year :
Central Pacific Ry. : 1st Refund'g Mtge. 4 p. c. Bonds Purchased and Canceled. $24,000 00
3J p. c. Mtge. Gold Bonds Purchased and Canceled (difference between face
value and amount paid for bonds and credited to cost of property) 1,178,000 00
Old C. P. Bonds Taken up: California and Oregon Div $16,000 00
San Joaquin Valley 350,00000
50-yr.5p.c. of 1939 47,000 00— 413,000 00
Note of Central Pacific RR. Co. in favor of U. S. of America, due
Feb. 1, 1902 2,940,635 78
Also Credited on Principal of Note due Aug. 1, 1902 1,366,442 43— 4,307,078 21
Galveston, Houston and Northern Ry. : Equipment Trust Notes 14,408 !
Houston, East and West Texas Ry. : Equipment Trust Notes 41,000 00
Houston and Texas Central RR.: Bonds Purchased and Canceled:
1st Mtge. 5 p. c $319,00000
Consolidated Mtge. 6 p. c 186,000 00— 505,000 00
Oregon and California BR. : 1st Mtge. 5s p. c. Bonds Purchased by Trustee and
Canceled f 104,00000
Texas and New Orleans RR. :
let Mtge. Main Line Bonds Purchased and Cancelled 253,000 00
Principal on State of Texas School Fund Debt Paid 7,089 79— 6,841,576 99
Total $610,882,101 37
Cost of Properties in Excess of Receipts from Securities and Obligations Issued 19,925,957 63
Total ... $630,808,059 00
POOR'S MANUAL — SOUTHERN PACIFIC COMPANY.
603
Disbursements.
Cost of Completed Roads Purchased and New Lines under Construction to June 30, 1900 1591,287,732 93
Cost of Properties Taken Over during the year:
Austin and Northwestern KU $3,085,99. 12
Central Texas and Northwestern Ry 512,872 41
Fort Worth and New Orleans Ry 1,330,206 96
Houston and Texas Central RR 28,307,088 38
Cromwell Steamship Company 1,656,86122— 34,893,02109
Expended for Additions to Completed Roads and for New Lines:
Houston, East and West Texas Ry. : Extension, San Augustine $529 75
Houston and Texas Central RR. : Cost of Road, Bremond to Ross.$l,253,083 04
Lett : Reorganization Claims Collected 78767— 1,252,29537
Louisiana Western Rli. : Extension, Gueydon to Abbeville 37,748 33
Extension, Midland Branch 558 93— 38,307 26
New York, Texas and Mexican Ry. : Extension, Wharton to Van Vleck 187,017 67
Oregon and California RR. : Extension, Mohawk to Wendling (15.95 miles) 237,040 34
Southern Pacific RR. (of California) : Cost of New Lines (Cuate Canon
to Junction 5.9 miles west of Elwood) 17.888m.;
Strathearn to west end of Siml Tunnel 9.000 m.
Oil Junction to Oil City 6.378 m.
Treadwell North 2.451 m.
Anaheim to Loara Junction 2.588 m.
McKittrick to near Olig 1.957 m.)
1,608,031 89
Expended for Account of Lines Completed in Previous Year 20,353 73
Bay Shore Line and Terminal Property at San Francisco 563,584 27
Cost of 14 eight-wheel and 3 Mogul Locomotives, 15 Passenger Cars, 229 (50-ton
Capacity) box and 200 (50-ton capacity) H. B. Coal Cars 726,546 00
TexasaudNewOrleansRR.iConstructionofRoadBetweenRocklandand Cedar. 972,704 49— 5,606,410 77
Expended for Account of ImproTement Fund of Central Pacific Ry. :
14,489,477 tons 75-lb. steel rail and fastenings $445,584 86
1,287,579 tie plates 79,660 64
Ballasting 150,584 11
Bridges 42,835 43
Engine houses, shops, stations, and other buildings 154,809 14
Sidings, 37.25 miles, less 5.25 miles taken up 146,935 80
Shop machinery and tools 23,682 72
Reconstruction of line, viz. :
Between Lovelocks and Zola $64,366 50
Between Reno and Vista 4,894 45
Nevada-Utah survey 19,236 77— 88,497 72
8 Mogul and 6 twelve-wheel Locomotives, 10 Passenger Cars and 300 (50-ton
capacity) H. B. Coal Cars 314,014 21
$1,446,604 63
Less : Amount expended for bridges, charged to Operating Expenses. . . .$25,640 11
Value of old rails and fastenings taken up used in sidings 31,040 78
Carswrecked 3,72462— 60,40551— 1,386,19918
$633,173,363 91
Credit for receipts from property sold, miscellaneous collections and adjustments:
Central Pacific Ry. : Value of old rails and fastenings taken up $543,705 16
Cash Received from Readjustment Managers in adjustment of accounts 206,854 82
Interest and Other Accounts taken over as Liabilities as of Aug. 1, 1899, adjusted. 501,137 47
Proceeds from Sale of Lands and Property not pledged for redemption of Bonds. 60,000 00
Difference between Cost and Face Value of $24,000 1st Refunding Mtge. 4 p. c.
Bonds and $1,173,000 3* p. c. Mtge. Gold Bonds, Purchased and Cancelled. . . 166,329 15
Miscellaneous Collections 2,985 66
Overcharge for Surveys in Preceding Year 18,582 95
$1,499,595 21
Lest ; Discount on New Securities Sold or Exchanged 29,410 00
$1,470,185 21
Cromwell Steamship Co. : Cost of SS. " Hudson," sold $175,000 00
Let* : Expended on New Steamers 10,17649— 164,82351
Galveston, Houston and Northern Ry. : Estimated Cost of Galveston Bay Bridge,
destroyed by storm Sept. 8, 1900 75,650 00
Houston, East and West Texas Ry. : Proceeds from Sale of Old Rails 9,271 29
Houston and Shreveport RR. : Correction in Cost of Property taken over as of
NOT. 1, 1900 45,925 13
Iberia and Vermilion RR. : Collection for Account of Taxes Voted for Construc-
tion of Road 5,571 25
Morgan's Louisiana and Texas RR. and SS. Co.: Value of Material from 1,820
feet Main Track, abandoned 530 91
Proceeds from Sale of Land 1,247 50
Southern Pacific RR. (of California) : Premium on Bonds Sold $17,310 00
Proceeds from Sale of Rock 4,851 72
Miscellaneous Collections 16,340 98— 38,502 65
Cost of Stocks, June 30, 1900, Unpledged, Transferred from Capital Assets to Current
Assets 553,597 46— 2,865,804 91
Total ! $630,808,05900
604
POOR'S MANUAL OF RAILROADS— PACIFIC GROUP.
29. Land Department. — The transactions of the proprietary companies during the year
in regard to proceeds from the sale of lands pledged for the redemption of bonds resulted a*
follows: Number of acres of land sold, 380,162; cash receipts from sales, $283,985.16; amount
of sales made on time contracts, $1,216,565.11— total amount of sales for the year, $1,500,550.27.
Average price received per acre, $3.95. Land contracts outstanding, June 30, 1901, $4,502,-
926.47. Face value of bonds purchased and cancelled by trustees from proceeds from the
sales of land paid over to them, $586,000. There remained unsold at the close of the year,
17,199,848 acres of land, of which about 5,487,216 acres are in litigation. The transactions
of each company and the disposition made of their cash receipts are shown in detail in the
following table.
3O. Land Grant Accounts of Proprietary Companiet.
Pledged for
Account of
Gen. Pac.
Ry. Co. 3i
p. c. Mtge.
Bonds.
Pledged for
Account of
Ore. & Cal.
RR. Co. 1st
Mtge. 5 p. c.
Bonds.
Pledged for
Account of
S. P. RR.
Co. (of Cal.)
6p.c. Bonds
of 1875.
Pledged for
Account of
T. & N. O.
RR. Co. 7
p. c. Main
Line Bonds.
Total.
Balance, June 30 1900
$
713,472 98
$
871,169 17
S
2,165,539 66
9
294,849 16
S
4,045,030 97
Receipts During the Year :
Sales Made for all Cash ....
36,374 59
30,225 89
342,576 85
46,303 78
1,103 85
21,696 50
1,091 41
48,939 67
35,714 54
75,11688
636,232 19
37,637 23
1,15068
'"{,481' 84
29,145 37
22,074 96
87,349 02
24,921 72
70636
35,56855
12,151 58
43,181 35
150,407 05
16,970 75
113,38608
170,599 08
1,216,56511
125,833 48
2,96089
57,265 05
2.573 25
52,847 98
First Payment on Time Contracts
Principal of Deferred Payment on Time Sales. .
Int. Collected on Principal of Deferred Paym'ts.
Timber and Stumpage
Lease and Pasturage
Interest on Deposits
Cash Receipts from Other Sources
3,90831
528,312 54
787,333 36
199,765 98
226,619 04
1,742,030 92
Total
1,241,785 52
1,658,50253
2,365,305 64
521,468 20
5,787,061 89
Disbursements During the Year :
Cash Paid to Trustees
261,717 59
70,195 54
104,612 74
230,632 71
135,843 35
249,281 83
877,475 48
70,195 54
223,746 89
5,667 59
107,049 92
Inc. from Lands Appl'd to Int. on 3$ p. c. Mtge.
Land Contracts Surrendered
28,15040
90,08775
5,667 59
36,274 91
89600
LandContractsCancelledUnderOrders of Court.
Receipts Applied to Payment of Expenses
70,775 01
Total Disbursements for the Year
436,525 87
329,558 12
267,873 60
250,177 83
1,284,13542
Balance, June 30, 1901 :
Principal Deferred Payments
805,259 65
1,328,94441
2,097,432 04
271,29037
4,502,926 47
Number of Contracts Issued
173
98,6*3.04
$415
18,880.75
6,a39,608
418
141,628.60
$535
8,412.95
2,844,422
151
75,527.87
$184
56,924.43
*7,004,648
54
64.372
$320
10,717
511,170
796
380,161.51
$395
94.035.13
17,199,848
Number of Acres Sold
Average Price Received per Acre
Number of Acres Returned with Contracts Sur-
rendered and Corrections in Surveys
Acres Remaining Unsold at Close of Year
: 5,487,216 acres in litigation.
31. PROPRIETARY LINES. — OPERATED UKDER LEASES BY THE SOUTHERN PACIFIC Co.
CENTRAL PACIFIC BY. —Length of road (for details of mileage, see Sec. la), 1,359.30 m.; 2d track,
11.92 m.; total track (steel, 1,668.21 m.), 1,804.72 miles. Ferry and Water Lines, 318.69 miles. Gauge, 4 ft. KJ. in.
Rail, 50 to 76 Ibs. Organized under the laws of the State of Utah, July 29, 1899, and acquired title to all railroads
and properties formerly owned by the Central Pacific RR. Co. (see MANUAL for 1900, page 636). The lease of this
company's property to the Southern Pacific Co., for 99 years from April 1, 1885, was not disturbed under the re-
adjustment. (For terms of the lease, see Sec. 3.) By indentures duly executed the said lease is made subordi-
nate 1o the lien of the mortgages securing 1st refunding rntge. 4 p. c. bonds and the 3* p. c. mtge. gold bonds.
Locomotives. 324. Cars— passenger. 177 ; chair, 5 ; tourist, 14 ; dining, 8 : passenger and baggage, 23 : baggage,
mail, and express, 52 ; postal, 26 ; buginess, 10 ; composite, 5 ; freight (box, 4,553 : caboose. 134 ; flat, 1.92f> ;
fruit, 55 ; furniture, 44 ; gondola, 780 ; refrigerator, 19 ; stock, 200), 7,711 ; service, 325— total, 8,356. Also 5 pas-
senger ferry steamers, 2 car transfer steamers, 5 river steamers, 1 tug. 4 barges, and 2 dredges.
Profit and Loss Account, year ending June 30, 1901.— Credit balance, June 30, 1900, $2,710,214 ; surplus
income for year (see page 591). $1,640,331 ; proceeds from sale of land pledged for redemption of bonds, $2(il,718;
received from U. S. of America in adjustment of claims for transportation services, $529,291 ; sinking funds,
$228,741 ; adjustments, $2,191 ; profits from sale of bonds, $65,562— total, $5,438.048. Contra : Miscellaneous
expenses, $1,579 ; balance, to credit of general account, $5,436,469— total, $5,438,048.
POOR'S MANUAL — SOUTHERN PACIFIC SYSTEM.
605
General Balance Sheet, June 30, 1901.
Cost of Road and Franchises $186,566,360
Sinking Funds 9,878,552
Land Grant Accounts 805,259
Trust Funds 77,019
< ash and U. S. Gov't Bonds Deposited
Against Bonds Satisfied of Mortgage.. 51,500
Materials, Fuel, and Supplies 2,131,323
Storks and Bonds Owned (see page 597). 416,418
Other Assets 142,404
Due from Southern Pacific Co 4,195,583
26 Common Stock ($100 shares)
56 Preferred Stock ($100 shares)
65 Funded Debt Outstanding
41 3 p. c. Notes favor U. S. of America
Bonds Satisfied of Mtge., not Presented.
00 I Current Liabilities
4'.) Individuals and Companies
06 Sinking Funds Uninvested
36 Due S. P. Rtt. Co. (Cal.)
73 Deferred Payments on Land Contracts. .
Appropriation for New Equipment....
Profit and Loss
Total Assets $204,264,481 52
$67,275,500 00
12,000,000 00
78,351,000 00
39,802,458 49
36,000 00
8,393 75
218,327 52
50,929 17
8,847 69
805,259 65
271,296 00
5,436,469 25
Total Liabilities $204,264,481 52
Capital Stock.— The total authorized amount of common stock ($67,275,500) is outstanding ; the author-
ized amount of preferred stock is $20,000,000. The preferred stock is entitled to cumulative dividends of 4 p. c.
Eer annum, in gold, and to its pro rata share in any dividends in excess of 4 p. c. on the entire capital. It also
as priority over common stock in the event of liquidation or dissolution of the company. No additional mort-
gage can be put upon the property, nor can the authorized amount of the preferred f<tock be increased except in
either instance after obtaining the consent of the holders of 75 p. c. of the whole amount of preferred stock and
a majority of the whole amount of common stock at the time outstanding. The entire $12,000,000 of preferred
stock and $67,274,200 of the common stock are deposited as security for the collateral trust bonds of the Southern
Pacific Co.
Funded Debt.— The funded debt outstanding on June 30, 1901, consisted of $896,000 bonds of Central
Pacific RR. Co., not presented for exchange ($588,000 California and Oregon Div. 5s of Jan. 1, 1918 ; $25,000 50-yr.
6s of Oct. 1, 1936, and $283,000 50-yr. 5s of April 1, 1939, the last being guaranteed as to principal and interest by
the Southern Pacific Co.), and the following issues of the Central Pacific Ry. Co. (additional particulars will be
found in the Ready Reference Bond List— see General Index):
$5S,OO6,OOO 1st refunding gold 4s of Aug. 1,
1949, secured by mortgage on all the railroads,
terminals and equipment formerly owned by the
Central Pacific RR. Co., including 1,348.66 miles
of first track and 405.61 miles 2d track and
sidings. Unconditionally guaranteed, both prin-
cipal and interest, by the Southern Pacific Co.,
by guaranty endorsed on each bond. The U. S.
Government holds $39,808,000 of these bonds as
collateral for the 3 p. c. notes of the company.
According as these notes are paid an equivalent
amount of the bonds will be returned to the
company, and under the provisions of the mort-
gage they can then be reissued at the same or
at a lower rate of interest. The total authorized
issue is $100,000,000. Bonds are reserved for the
retirement of the undeposited underlying bonds
of the Central Pacific RR. Co. Pending the
satisfaction of the underlying mortgages, the
outstanding old bonds which have been ex-
changed are deposited under the mortgage and
kept alive as additional security thereunder until
not less than 95 p. c. of all the bonds of the
same issue at any time outstanding or until not
less than 95 p. c. of all outstanding old bonds
have been deposited under the mortgage. Under
the terms of the mortgage, the refunding mtge.
bonds issuable in exchange for outstanding old
bonds, are to be issued only as such outstanding
old bonds are actually deposited with the
19,395,OOO gold 3Js of Aug. 1, 1929, secured
by mortgage on all the railroads and properties
covered by the 1st refunding mortgage, but
subject in lien thereto, and by deposit with the
trustee (when released from the lien of the
prior mortgages of all securities and moneys held
in any sinking fund created or existing by or
under any existing mortgage of the Central
Pacific RR. Co., or any of its constituent
companies. The bonds are also secured by lien
upon all the lands covered by the mortgage
securing the land bonds of the Central Pacific
RR. Co., dated Oct. 1, 1870 (except in so far as
the same shall be released from the lien of
that mortgage, in accordance with its provi-
sions), and also upon all notes given in payment
for lands covered by said mortgage securing said
land bonds. All income derived from said sink-
ing fund securities, or from said lands, is to be
applied primarily to the payment of the current
interest on the 3J p. c. gold bonds, and when
such current interest shall have been paid or
provided for, to the payment of any fixed charges
secured by lien prior to the lien of said 3i p. c.
mortgage upon the properties of the company, or
any of them (including interest on the 3 p. c.
notes in favor of the United States); but the
railway company, at its discretion, so long as
no default exists in respect of the principal or
interest of said 3J p. c. mtge. gold bonds, may
at any time and from time to time sell such
securities or lands (free from the lien of the
3J p. c. mortgage), and apply the proceeds
thereof, or of any other securities held on de-
posit under such mortgage, and also collections
on account of principal of such securities or
notes, and any moneys held as security for such
3J p. c. mtge. gold bonds, while the same shall
be purchasable at not above par and accrued
interest, otherwise to the purchase and cancela-
tion, at the discretion of the railway company,
either of the 3£ p. c. mtge. gold bonds, or of
the 1st refunding mtge. 4 p. c. gold bonds, or
of bonds secured by prior lien upon any of its
properties. The mortgage contains a provision
that no other new mortgage (except to refund
the 1st refunding mtge. 4 p. c. gold bonds or
the 3J p. c. mtge. gold bonds) is to be made
upon the properties covered by said mortgages,
respectively, so long as any of such bonds of
either class, or any of the 4 p. c. gold bonds of
the Southern Pacific Co., are outstanding, and
that no other new mortgage (except as afore-
said) is to be made by the company upon said
properties, except with the assent of the holders
of 75 p. c. of the preferred stock and a majority
of the common stock at the time outstanding.
The bonds are guaranteed, both principal and
interest, by the Southern Pacific Oo.
Notes to "United States Government.— These were issued by the Central Pacific RR. Co. in settle-
ment of its indebtedness to the United States. They are secured by deposit with the Government of $39,808 000
of 1st refunding mtge. bonds, and are also secured by a reserve of $3,000,000 collateral trust bondsjof the Southern
Pacific Co. The notes (except one for $1,574,193.35, due Aug. 1, 1902) are for $2,940,(535.78 each, due each six
months from Feb. 1, 1903, to Feb. 1, 1909, but subject to redemption at any time. They bear interest at the rate
of 3 p. c. per annum, payable on the 1st of Feb. and Aug.
Directors (elected June 11, 1902).— E. H. Harriman, Arden, N. Y.; Charles H. Tweed, H E Huntington
New York, N. Y.; Thomas Marshall, D. B. Hempstead, J. C. Royle, D. R. Gray, Salt Lake Citv, Utah- W H
Chevers, J. S. Noble, Ogden, Utah. OFFICERS : E. H. HABKEMAN, Pres., Arden, N. Y.; Chas H Tweed Vice-
Pres., New York, N. Y.; N. T. Smith, Treat., San Carlos, Cal.; J. L. Willcutt, Sec., San Francisco Cal • D R.
Gray, Asst. Sec., Salt Lake City, Utah. GENERAL OFFICE, San Francisco; Cal.
606 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
OREGON AND CALIFORNIA RR.-Length of road (see Sec. la). 671.71 m.; total track (steel,
695.55 m.), 765.05 miles. Kail, 40 to 62 11)8. Gauge, 4 ft. 8J in. Chartered March 17, 1870, as successor of the
Oregon Central RR Co. of Salem, which was organized April 22, 1867. The Oregonian and the Portland and
Yamhill RRs. were purchased July 81, 1893 (see MANUAL for 1893, page 1021). Leased for 34 years from Aug 1
1893, to the Southern Pacific Co. " By the terms of this lease the net earnings or income, after payment of all
fixed charges, is to be applied by the lessee company to the payment of interest on the bonded indebtedness of
the lessor company, which company shall be entitled to the residue of such net earnings up to 7 p. c. on preferred
and 6 p. c. on the common stock, any excess of such amounts to be retained by the lessee. Should the excess of
net earnings or income be insufficient to pay the interest, as aforesaid, then and in such event it shall be optional
with the lessee company to make good the deficiency. Should it do so it may reimburse itself for such defici-
encies or advances out of subsequent earnings, with interest at 6 p. c. per annum, the security therefor to be a
lien on the property and income of the lessor company. The lessee company guarantees the payment, principal
and interest, of the bonds already issued, or that may be issued thereafter, under a mortgage bearing date July 1,
1887, from the lessor company to the Union Trust Co. of New York." Locomotives, 45. Cars— passenger, 38 ;
baggage, etc., 24 ; freight (box, 495 ; caboose, 23 ; flat, 359 ; fruit, 2 ; furniture, 8 ; stock, 20), 907 • service, 52—
total cars, 1,021.
Profit and Loss Account, year ending June 30, 1901.— Proceeds from Bales of land pledged for redemp-
tion of bonds, $230,633 ; balance to debit of general account, $6,404,123— total, $6,634,756. Contra : Balance to
debit, June 30, 1900, $5,997,906 ; income account for year, deficit (see page 591), $634,115 ; adjustment in land
accounts, $2,716: miscellaneous expenses, $19— total, $6,634,756.
Balance Sheet, June 30, 1901.— Capital stock (common, $7,000,000; preferred, $12,000.000 ; $100 shares),
$19,000,000 ; funded debt (1st gold 6s of July 1, 1927), $19,792,000 ; current liabilities, $375 ; due Southern Pacific
Co., $4,524,413; unadjusted accounts, $70,058; principal of deferred payments on land contracts, $1,328,944—
total, $44,715,790. Contra: Cost of road and franchises. $36,802.287; land grant accounts, '$1,328.944 ; trust
funds, $53,759 ; cash and current assets, $6,295; land and other property, $118,905 ; individual's and companies,
$1,476 ; profit and loss, $6,404,123— total, $44,715,790.
Land Grant.— The company has a Congressional grant, estimated to be, under the various charters, about
4,700,000 acres, of which there nad been patented to the company up to June 30, 1901, 2,795,567.64 acres. Total
sales for year ending June 30, 1901, were 141,628.6 acres, at an average of $5.35 per acre. Acreage returned with
cancelled contracts, 8,412.95. Remaining unsold, June 30, 1901, 2,844,422 acres.
Directors (elected July 1, 1902).— E. H. Harriman, Arden, N. Y.; H. E. Huntington, Charles H. Tweed,
New York, N. Y.; W. E. Cowan, L. R. Fields, W. D. Fenton, George H. Andrews, John McCraken, R. Koehler,
W. W. Bretherton, Portland, Ore.; N. T. Smith, San Carlos, Cal. OFFICERS : E. H. HARRIMAN, Pres., Arden,
N. Y.; Charles H. Tweed, Vice-Pres., New York, N. Y.; R. Koehler, Zd Vice-Pres., Portland, Ore.; N. T. Smith,
Treas., San Carlos, Cal.; F. G. Ewald, Asst. Treas., Portland, Ore.; A. K. Van Deventer, Asst. Treas., New
York, N. Y.; Geo. H. Andrews, Sec., Portland, Ore.; Alex. Millar, Asst. Sec., New York, N. Y. GENERAL
OFFICE, Portland, Ore.
SOUTHERN PACIFIC RR,.— Consolidation, March 10, 1902, of the Southern Pacific RR. Co. of Cali-
fornia, the Southern Pacific RR. Co. of Arizona, and the Southern Pacific RR. Co. of New Mexico. The aggre-
gate mileage of the three companies on June 30, 1901 (see Sec. 1 for details) was 3,273.19 miles of 1st track, 47.07
miles of 2d track, and 799.13 miles of sidings— a total of 4,119.39 miles of track. The capital stock of the con-
solidated company is $128,307,960 in $100 shares. The bonded debt of the old corporations on June 30, 1901,
amounted to $93,363,000, of which $10,000,000 was secured on the Southern Pacific RR. of Arizona, $79,183,000 on
the Southern Pacific RR. of California, and $4,180,000 on the Southern Pacific RR. of New Mexico. Full particu-
lars respecting the several issues of bonds will be found in the statements for the old companies, appended
hereto, and in the Ready Reference Bond List (see General Index).
Constituent Companies of the Southern Pacific RR. Co.
SOUTHERN PACIFIC RR. (OF ARIZ.).— Length of road (see page 580), 392.90 m.; total track (steel,
450.02 m.), 457.11 miles. Rail, 50 to 80 Ibs. Chartered Oct. 8, 1878 ; road opened throughout, Sept. 15, 1880. Loco-
motives, 101. Cars— passenger, 22 ; postal, 2; tourist, 4; baggage, etc., 27; freight (box, 1,437; flat, ^58; tank, 12;
stock, 75 ; furniture, 37 ; gondola, 43 ; caboose, 23), 1,885 ; other, 72— total, 2,012.
Profit and Loss Account, year ending June 30, 1901.— Balance, June 30, 1900. $1.971,929; surplus
income for year (see page 591), $94,989; sinking fund receipts, $114,850— total, carried to credit of general account,
$2,181,768.
Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $19,995,000 ; funded debt (1st gold 6s of
March 1, 1909 and 1910), $10,000,000; sinking funds uninvested, $131,754 ; appropriation for new equipment,
$67,824 ; profit and loss, $2,181,768— total, $32,376,346. Contra : Cost of road and franchises, $31,832,527 ; sinking
funds, $302,420; due from Southern Pacific Co., $241,399— total, $32,376,346. The bonds are guaranteed, both
principal and interest, by the Southern Pacific Co.
SOUTHERN PACIFIC RR. (OF CAL.).— Length of lines (see Sec. la), 2,712.84 m.; 2d track, 47.07 m.;
total track (steel, 3,136.69 m.), 3,466.48 miles. Gauge, 4 ft. 8i in. Rail, 25 to 96 Ibs. The mileage as above includes
the length of the Mojave Division, 242.51 miles, which is leased until Sept. 1, 1979, to the Atchison, Topeka and
Santa Fe Ry. Co. It also includes the length of the San Bernardino and Redlands RR. (7.24 miles, 3 ft. gauge),
which is operated under lease by the S. P. RR. Co. The San Bernardino and Redlands RR. is simply a motor
road ; no separate statement for it is published in the MANUAL. The Southern Pacific RR. Co. was a consolida-
tion, April 14, 1898, of the Southern Pacific RR. Co.. Northern Ry. Co., Northern California Ry. Co., and Cali-
fornia Pacific RR. Co. (see MANUAL for 1898, page 771, and MANUAL for 1900, page 632). For terms of lease to
Southern Pacific Co., see statement for that company, Sec. 3. Locomotives, 306. Cars— passenger, 276 ; com-
bination, 26 ; baggage, mail, and express, 79 ; freight (box, 4,322 ; stock, 448 ; tank, 472 ; caboose, 129 ; fruit,
670 ; furniture, 88 ; refrigerator, 21 ; flat, 1,839 ; coal, 672), 8,395 ; service, 444— total, 9,220.
Profit and Loss Account, year ending June 30, 1901.— Balance, June 30, 1900, $26,769,508; income
account surplus (see page 591), $1,250,707 ; sinking fund receipts, $416,092 : proceeds from sales of land pledged
for redemption of bonds, $136,049; miscellaneous collections, $10,000; adjustments in accounts, $4,668— total,
$28,587,024. Contra: Construction, $5,475; miscellaneous expenses, $10,000; adjustment in accounts, $2,281;
balance to credit of general account, $28,569,267— total, $28,587,024.
General Balance Sheet, June 30, 1901.
Cost of Road and Franchises $198,340,342 09
Expenditures for New Lines 2,046,473 21
Sinking Funds 3,553,956 80
Land Grant Accounts 2,097,432 04
Trust Funds 378,683 22
Dep. Ag't Bonds Satisfied of Mtge 1,60000
Stocks Owned (Deferred Assets) 735 95
Due from Southern Pacific Co 6,333,398 75
Other Assets 8,913 19
Total Assets $212,761,535 25
Capital Stock ($100 shares) $101,424,16000
Funded Debt Outstanding 79,183,000 00
Current Liabilities 18,145 80
Sinking Funds Uninvested 833,77646
Unadjusted Accounts 169,463 77
Deferred Payments 011 Land Contracts. 2,097,432 04
Appropriation for New Equipment.... 466,29000
Profit and Loss 28,569,26718
Total Liabilities $212,761,535 26
POOR'S MANUAL— SOUTHERN PACIFIC SYSTEM.
607
Funded Debt.— The funded debt outstanding, June 30, 1901, consisted of the following issues of bonds
(additional particulars will be found in the Ready Reference Bond List— see General Index):
s;{o.-17,5OO 1st gold 6s of 1875, in six series — principal at 107J p. c. and accrued interest on
•' \ " for $12,637,500, due April 1, 1905; " B," or after April 1, 1905, on four weeks' prior
for '$4,525,000, due Oct. 1, 1905; " C," for
$4,016,000, and " D," for $3,915,000, both due
Oct. 1, 1906; " E," for $3,160,000, and " F," for
$1,964,000, both due April 1, 1912. Bonds of all
classes are equally secured by mortgage on the
land grant and on 1,044.99 miles of road, as
follows: San Francisco to Tres Pinos, 100.49 m. ;
Huron to east bank of Colorado River, near
Yuma, 530.79 m. ; Los Angeles to San Pedro,
24.65 m. ; Carnadero to San Miguel, 125.99 m. ;
Mojave to Needles, 242.51 m. ; Huron to Alcalde,
20.56 miles. There is a sinking fund of $100,000
a year for the redemption of bonds at or under
par, but if they cannot be got at that price the
fund is invested. The gross receipts from land
sales are also applied to the purchase of bonds
at the lowest price for which they can be
obtained.
3,533,OOO Southern Pacific Branch Ry. 1st
gold 6s of April 1, 1937, secured by mort-
gage on the property formerly of the Southern
Pacific Ry. Co. (see Manual for 1888, page
1105). There is a sinking fund of $50,000 per
annum, but bonds can not be drawn. Guaranteed,
both principal and interest, by the Southern
Pacific Co.
5OO,OOO Stockton and Copperopolis RR. 1st
gold 58 of Jan. 1, 1905, secured by mortgage on
the line from Stockton to Copperopolis, Gal.,
32.65 miles, and branch from Peters to Milton,
11.99 miles. Guaranteed, both principal and in-
terest, by the Southern Pacific Co.
1,OOO Southern Pacific RR. consol. 5s of Oct.
1, 1938, secured by a lien, subject to prior mort-
gages, on the entire property owned by the
company at the time of executing the 1st con-
solidated mortgage, except the Mojave Division.
The amount authorized was $38,000,000, and
$12,932,000 of the bonds were issued, but all ex-
cept $1,000 have been retired by issue of 1st
consol. mtge. bonds. Guaranteed, both principal
and interest, by the Southern Pacific Co.
27.125,000 Southern Pacific RR. 1st consol.
gold 5s Of Nov. 1, 1937, secured on the entire
property of the company, except the Mojave
Division', but subject to prior liens, a sufficient
amount of the bonds being reserved for the satis-
faction of such prior liens. If payment is
received under the contract for sale of the Mo-
jave Division to the Atchison, Topeka and
Santa Fe Ry. Co., the amount so received is to
be applied to purchase of bonds under this mort-
gage; but if the Atchison, Topeka and Santa
Fe Ry. defaults in its obligations under the con-
tract and the contract of sale thereby termi-
nates, then this mortgage shall also cover the
Mojave Division. The total amount of bonds is
limited to $30,000,000, exclusive of the bonds to
be issued against underlying securities. It is
provided that no prior mortgages shall be ex-
tended beyond their maturity, so that these
bonds will eventually become a first lien upon
the company's property. All prior lien bonds
exchanged for these shall be held in trust as
collateral security for this mortgage until all
the outstanding bonds issued under each of the
prior mortgages shall have been retired. By
agreement with the holders thereof a majority
of the bonds outstanding are stamped with a
notice to the effect that the coupons thereof,
in addition to being payable in United States
gold coin in New York, are also payable in
Berlin and Frankfort-on-the-Main at the rate of
M. 4.20 per dollar, and that the Southern
Pacific RR. Co. reserves the right to redeem the
notice. In case by the execution of any addi-
tional mortgage, the company shall increase the
aggregate amount of its mortgage indebtedness,
except for newly acquired property, the bonds
made redeemable at 107J and accrued interest on
and after April 1, 1905, shall be included among
the bonds secured by such additional mort-
gage, and will be entitled to participate pro
rata in the security given by the additional
mortgage, but in determining the amount of
mortgage indebtedness, any mortgage indebted-
ness held as security for other mortgage in-
debtedness shall not be counted (for provisions
of supplementary mortgage, see Manual for
1901, page 640). The coupon bonds of this issue,
amounting to $27,093,000 on June 30, 1901, are
guaranteed by the Southern Pacific Co., both
as to principal and interest.
;5,156,OOO Northern Ry. 1st 6s of Jan. 1, 1907,
secured on lines from West Oakland to Martinez,
CaL, 31.02 m. ; Woodland to Tehama, Cal.,
100.85 miles; and Benicia to Suisun, Cal.,
16.34 m.— total, 148.21 miles. There is a sink-
ing fund of $40,000 a year, commenced in 1886.
Guaranteed, both principal and interest, by the
Southern Pacific Co.
4,751,OOO Northern Ry. 1st 5s of Oct. 1, 1938,
secured by second mortgage on the property
covered by the Northern Ry. 1st 6s of Jan. 1,
1907, and by first mortgage on the rest of the
property formerly of the Northern Ry. Co. (see
Manual for 1898, page 773). There is a sinking
fund of $20,000 a year, commenced in 1898. The
authorized issue was $21,000,000', but under the
supplement to the 1st consolidated mortgage of
the Southern Pacific RR. Co. no further issue
of these bonds can be made. Guaranteed, both
principal and interest, by the Southern Pacific
Co.
1,074,OOO Northern California Ry. 1st gold 5a
Of June 1, 1929, secured on the lines from Orp-
ville to Marysville and from Marysville to
Knights Landing, a total of 53.72 miles. Guar-
anteed, both principal and interest, by the South-
ern Pacific Co.
2,232,OOO California Pacific RR. 1st gold 4is
Of Jan. 1, 1912, secured on the lines from Val-
lejo to Sacramento, 60.39 m. ; Davis to Knight's
Landing, 18.64 m. ; and Napa Junction to
Calistoga, 34.48 m.— total, 113.51 miles. There
is a sinking fund of $10,000 a year. Guaranteed,
both principal and interest, by the Southern
Pacific Co.
1,595,OOO California Pacific RR. 2d 4is of
Jan. 1, 1911, secured by second mortgage on
the property formerly of the California Pacific
RR. Co. (see preceding paragraph). There is
a sinking fund of $5,000 a year. Guaranteed,
both principal and interest, by the Southern
Pacific Co.
2,998,500 California Pacific RR. Bd mtge.
bonds of July 1, 1905, secured by third mort-
gage on the property formerly of the Cali-
fornia Pacific RR. Co. (see description of C. P.
RR. 1st mtge. bonds above). The bonds are in
two series—" A," for $1,998,500, bearing inter-
est at the rate of 6 p. c. per annum, and " B,"
for $1,000,000, the rate of interest on which ia
3 p. c. per annum. Series A bonds for $1,500
are reserved for the retirement of old California
Pacific RR. bonds and coupons outstanding.
There is a sinking fund of $10,000 per annum for
retirement of series " B " bonds. Guaranteed,
both principal and interest, by the Southern
Pacific Co.
SOUTHERN PACIFIC RR. OF NEW MEXICO.— Length of road (see Sec. 1a), 167.45 m.; total track
(steel, 192.36 m.), 195.80 miles. Rail, 56 to 76 Ibs. Chartered April 14, 1879; road opened throughout in April, 1881.
Locomotives, 50. Cars— passenger, 17; baggage, mail, and express, 8; freight (box, 773 ; caboose, 11 ; flat, 161 ;
furniture, 17; gondola, 103; stock, 25), 1,090; service, 31— total cars, 1,146.
, , ,
Profit and Loss Account, year ending June 30, 1901.— Balance, June 30, 1900, $1,370,480; surplus for
year (gee page 591), §76,517; sinking fund receipts, $96,375— total, carried to credit of general account, $1,543,372.
Balance Sheet, June 30, 1901 .—Capital stock ($100 shares), $6,888.800; funded debt (guaranteed 1st gold
to of Jan. 1, 1911 ; sinking fund, $10,000 per annum), $4,180,000; sinking fund-uninTested, $200,548; appropriation
608 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
for new equipment, $42,390; profit and loss, $1,543,372— total, $12,855,110. Contra : Cost of road and franchises.
$11,392,399; sinking fund, $983,115;due from Southern Pacific Co., $479,596— total, $12,855,110.
Directors (S. P. RR. Co.).— E. H. llarriman, Arden, N. Y. ; Charles H. Tweed, New York, N. Y. ; J.
Kruttschnitt, N. T. Smith, Win. F. Herrin, J. W. Hellman, Homer S. King, Alvinza Hayward, Jamen K. Wilson,
J. L. Willcutt, San Francisco, Cal.; J. S. Slauaon, Los Angeles, Cal. OFFICERS: E. H. HAIKU. MAN. Pres., Arden,
N. Y. ; Charles H. Tweed. Vice-Pres.. New York, N. Y. ; J. Kruttschnitt, 2<l Vice- Pres. ; N. T. Smith, Tn n*. •
J. L. Willcutt, Sec., San Francisco, Cal.; A. K. Van Deventer, Asst. Treat. ; Alex. Millar, Asst. Sec. ; Wm. Mahl,
Controller, New York, N. Y. GENERAL OFFICE, San Francisco, Cal.
SOUTH PACIFIC COAST BY.— Length of road (see page 580), 101.10 m. ; 2d track, 8.52m. ; total
track (steel, 99.55 m.), 152.49 miles. Gauge, 3 ft. Rail, 50 to 75 Ibs. Consolidation, May 23, 1887, of the South
Pacific Coast, the Santa Cruz and Felton, the Bay and Coast, the Oakland Township, the San Francisco and Col-
orado River, the Felton and Pescadero, and the Almaden Branch RR. Cos. (see MANUAL for 1888, p. 951). The
road is leased to the Southern Pacific Co. from July 1, 1887. The lessee pays all expenses and charges, including
cost of betterments and additions, and receives all the income from the property. Locomotives, 22. Cars— pas-
senger, 68; parlor, 2; baggage, etc., 13; freight, (box, 237; caboose, 5; flat, 392), 634; service, 11— total cars, 728.
Also 2 passenger ferry steamers and 2 cur transfer steamers. For income account, see page 591. Capital stock,
$6,000,000 ; funded debt (let gold 4s of July 1, 1937), $5,550,000— total, representing cost of property, fll,500,000.
The bonds are guaranteed, both principal and interest, by the Southern Pacific Co.
Directors (elected June 5, 1902).— E. H. Harriman, Arden, N. Y. ; J. Kruttschnitt, J. L. Willcutt, Wm. F.
Herrin, San Francisco, Cal. : J. S. Stubbs, Chicago, 111. ; H. B. Huntingdon, New York, N. Y.; N. T. Smith, San
Carlos, Cal. OFFICERS: E. H. HARRIMAN, Pres., Arden, N. Y.; J. Kruttschnitt, Vice-Pres. ; J. L. Willcutt, Sec.,
San Francisco, Cal. ; N. T. Smith, Treas., San Carlos, Cal. GENERAL OFFICE, San Francisco, Cal.
32. NON-PROPRIETARY LINES, OPERATED UNDER LEASE BY THE SOUTHERN
PACIFIC Co.
NEW MEXICO AND ARIZONA BB.— N. M. & A. Junction to Nogales, Mex., 88.10 m.; total track,
95.96 miles. Rail (steel, 92.03 m.), 50, 60, and 62 Ibs. Chartered Jan. 12, 1882, for 50 years (see MANUAL for 1897,
page 275). Owned by the Atchison, Topeka and Santa Fe Ry. Co. (see General Index). Leased July 15, 1898, to
the Southern Pacific Co. until Sept. 1, 1979, at an annual rental of $54,646.86 in U. S. gold coin. E. P. RIPLEY,
Pres., Chicago, 111.; E. Wilder, Sec. & Treas., Topeka, Kan. OFFICE, Topeka, Kan.
SONOBA BY.— Nogales to Guaymas, Mex., 282.60 m. ; total track, 279.64 miles. Rail (steel), 45 to 56
Ibs. Owned by the Atchison, Topeka and Santa Fe Ry. Co. (see General Index). Leased July 15, 1898, to the
Southern Pacific Co. until Sept. 1, 1979, at an annual rental of $163,486.14 in U. S. gold coin. E. P. RIPLEY,
Pres., Chicago, 111.; L. C. Doming, Sec., New York, N. Y.; E. Wilder, Treas., Topeka, Kan. OFFICE, Topeka,
Kan.
33. PROPRIETARY LINES, OPERATED BY THEIR OWN ORGANIZATIONS, BUT STA-
TISTICS INCLUDED IN THE REPORT OF THE SOUTHERN PACIFIC Co., "PROPRIETARY COM-
PANIES."
CARSON AND COLORADO RY.— Length of lines (see Sec. la), 299.62m.; total track (steel ; 35 Ibs.),
822.09 miles. Gauge, 3 ft. Chartered Feb. 27, 1892, and on Aug. 2, 1892, purchased the property of the Carson
and Colorado RR. Co., Carson and Colorado RR. Co., 2d Division, and the Carson and Colorado RR. Co., 3d Di-
vision (see MANUAL for 1893, page 99). Controlled by the Southern Pacific Co., through ownership of its stock
and bonds, but operated by its own organization. Locomotives, 8. Cars — passenger, 4 ; baggage, etc., 3 ; busi-
ness, 1 ; freight (box, 52 ; flat, 87 ; gondola, 23 ; refrigerator, 1 ; caboose, 1), 164 ; sen-ice, 9— total.cars, 181.
Profit and Loss Account, year ending June 30, 1901.— Balance at debit, June 30. 1900, $2,716 ; income
account deficit for year (see page 591), $15,440— total, $18,157. Contra : Miscellaneous collections, $11,509 ; bal-
ance at debit, June 30, 1901, $6,648— total, $18,157.
Balance Sheet, June 30, 1901.— Capital stock (auth., $6,300,000; $100 shares), $4,380,000; funded debt (Irt
gold sinking fund 4s of July 1, 1941), $2,000,000 ; current liabilities, $122,299; unadjusted accounts, $213— total,
$6,502,512. Contra : Cost of road and franchises, $6,380,000 ; current assets, $22,207 ; due from Southern Pacific
Co., $88,657 ; profit and loss, $6,648— total, $6,502,512.
Directors (elected June 5, 1902).— E. H. Harriman, Arden-N. Y. ; H. E. Huntington, New York, N. Y. ;
N. T. Smith, San Carlos, Cal.; J. Kruttschnitt, Wm. F. Herrin, Wm. Hood, James Agler, R. J. Laws, J. L. Will-
cutt, San Francisco, Cal. OFFICERS : E. H. HARRIMAN, Pres., Arden, N. Y. ; J. Kruttschnitt, Vice-Pres.; J. L.
Willcutt, Sec., San Francisco, Cal. ; N. T. Smith, Treas., San Carlos, Cal. GENERAL OFFICE, San Francisco, Cal.
CBOMWELL STEAMSHIP CO. — This company operates a line of four steamships between New
York and New Orleans. It is controlled by the Southern Pacific Co., through ownership of its capital stock, but
is operated as a separate organization.
Profit and Loss Account, year ending June 30, 1901.— Balance at debit June 30, 1900, $236.166; income
account deficit for year (see page 591), $120,126 ; loss on sale of steamship "Hudson," $87,250—total, $443,542.
Contra : Miscellaneous collections, $1,982 ; balance to debit, June 80, 1901, $441,560— total, $443,542.
Balance Sheet, June 30, 1901.— Capital stock, $1.000,000; loans and bills payable, $2,504; vouchers
and pay rolls, $19,871; due to S. P. Co., $931,611; contingent liabilities, $34,705— total, $1,988.692. Contra:
Cost of property and franchises, $1.492,038 ; materials, etc., $223 ; current accounts, $49,092 ; cash, $5,779 ;
profit and loss, $441,560— total, $1.988,692.
Directors (elected Dec., 1901).— Henry F. Dimock, Henry M. Whitney, Robert T. Haskins, Samuel
Sweetser, Ellery S. Allen, New York, N. Y. OFFICERS : HENRY F. DIMOCK, Pres. ; Henry M. Whitney, Vice-
Pres. ; Ellery S. Allen, Sec. & Treis., New York, N. Y. GENERAL OFFICE, New York, N. Y.
DIRECT NAVIGATION CO. (THE). — The charter of the Houston Direct Navigation Co. having ex-
pired by limitation, the properly was purchased by this company on June 1, 1896. Operates water lines between
Houston and Galveston, Tux., 75 miles. Floating equipment— tugs, 3 ; barges, 18 ; derrick boat, 1 ; pile driver,
1 ; pile-driver barge, 1.
Profit and Loss Account, year ending June 30, 1901.— Balance at credit, June 30, 1901, $53,861 ; mis-
cellaneous collections, $281— total, $54,142. Contra: Income account, deficit for year (see page 591), $95,442.
Balance at debit, June 30, 1901, $41,300.
General Balance Sheet, June 30, 1901.— Capital stock, $50,700; funded debt (5 p. c. note, due Aug. 1,
1936), $100,000 ; current liabilities, $12,972 ; taxes assessed not due, $1,000 : due other companies in the system,
$223,721 ; replacement fund, $51,219— total, $439.612. Contra : Cost of road and franchises, $150,021 ; cash. $461;
current assets, $3,876 ; due from other companies, $114,068; due from Southern Pacific Co., $128,676 ; contingent
assets, $1,214 ; profit and loss, $91.300— tOtal,_$439,612.
Directors (elected July, 1901).— E. II. Harriman, Arden, N. Y. ; C. H. Tweed, New York^ N. Y. ; W. G.
Van Vleck, R. 8. Lovett, L. Meggett, C. B. Seger, B. C. Cushman, Houston, Tex. OFFICERS : E. H. HARRIMAN,
Railroad Map of California and Nevada.
American Bank Note Company
78 TO 86 TRINITY PLACE
NEW YORK
[CABLE ADDRESS. "BANKNOTE NEWYORK"]
BUSINESS FOUNDED 1793
JAMES MACDONOUGH, CHAIRMAN
AUGUSTUS D. SHEPARD, PRESIDENT
THEO. H. FREELAND, VICE-PRES. & TREAS.
WARREN L. GREEN, 2ND VICE-PRES.
JNO. E. CURRIER, SECRETARY
J. K. MYERS, ASS'T TREAS.
F. R. MYERS, ASS'T SEC'Y
ENGRAVERS AND PRINTERS OF BONDS AND
STOCK CERTIFICATES
And all other documents requiring security; Bank Notes, Postage and Revenue
Stamps for the United States and Foreign Governments, Drafts,
Checks, Bills of Exchange, Letter Heads, etc.
ENGRAVING AND PRINTING
Executed in the finest and most artistic style from steel plates, with special
safeguards to prevent counterfeiting. Special papers manufac-
tured exclusively for the use of this Company.
SAFETY COLORS SAFETY PAPERS
Work Done in Fire-Proof Buildings.
RAILWAY PRINTING OF ALL DESCRIPTIONS
Railway Tickets, Maps, Folders and Illuminated Show Cards of the Most
Approved Styles, Numbered, Local and Coupon Tickets of any
Size, Pattern, Style or Device, with Steel Plate Tints.
LITHOGRAPHIC AND TYPE PRINTING OF ALL KINDS
COMMUNICATIONS MAY BE ADDRESSED TO THE COMPANY IN ANY LANGUAGE
COPYRIGHT, 1902, BY POOR'S RAILROAD MANUAL CO.
Poor's Manual— Railroad Map of the United States, 1902.
CALIFORNIA AND NEVADA.
Railroad Map of California and Nevada.
POOR'S MANUAL — SOUTHERN PACIFIC SYSTEM. 609
Pres., Arden, N. Y.; W. G. Van Vleck, Vice-Pres.; B. C. Cushman, Sec. & Treas., Houston, Tex.; A. K. Van
Deventer, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE, Houston, Tex.
GALVESTON, HARRISBURG AND SAN ANTONIO RY.— Length of lines owned (see Sec.
la), 917ni.: total track (steel, 1,001.0m.), 1,087.24 miles. Kail, 50 to 60 Ibs. Chartered as Buffalo, Bayou 13razos and
Colorado Ry. Co. ; charter amended in 1870 and present name adopted (see MAN UAL for 1888, page 933). This
roucl is controlled by Southern Pacific Co., through ownership of capital stock but is operated by its own organi-
zation. Locomotives, 160. Cars— passenger, 31 ; chair, 8 ; baggage, etc., 18 ; business, 4; freight (box, 1,929;
caboose, 96 ; flat, 77(5 ; gondola, 440 ; refrigerator, 40 ; stock, 198), 3,479 ; service, 283— total, 3,823.
Profit and Loss Account, year ending June 30, 1901.— Balance at debit, June 30, 1901, $1,860,064; in-
come account deficit for year (see page 591), $356,280— total at debit, June 30, 1901, $2,216,344.
General Balance Sheet, June 30, 1901.
Cost of Road and Franchises $53,934,31022
Land and Other Property 132,46500
Materials and Supplies 582,442 84
Agents and Conductors 36,867 75
Individuals and Companies 93,53797
\:. S. Gov. Transportation 54,91070
Cash 61,84619
Due from Southern Pacific Co 1,266,895 33
Due from Other System Companies.... 373,586 58
Profit and Loss 2,216,344 04
Total Assets $58,753,206 62
Capital Stock ($100 shares) $27,084,37200
Funded Debt Outstanding 25,528,00000
Interest Accrued to June 30 236,550 00
Loans and Bills Payable 75,00000
Vouchers and Pay Rolls 457,14920
Traffic Balances 89,177 82
Coupons Matured, but not Presented... 10,28500
Taxes Assessed, but not Due 47,00000
Due Gulf, Western Tex. & Pac. Ry. Co. 42,094 99
Due Texas and New Orleans RR. Co 5,091,999 04
Contingent Liabilities 91,578 57
Total Liabilities $58,753,L06 62
Funded Debt outstanding on June 30, 1901, consisted of $4,756,000 Eastern Div. 1st gold 6s of Feb. 1,
company. The 2d mtge. East. Div. bonds are also secured on the main line east of San Antonio and on the land
grant. The proceeds from the sale of the lands go to the trustees to be used in the purchase of bonds. The 1st
mtge. bonds are further secured by a sinking fund of 1 p. c., which commenced in 1880, and for which bonds are
drawn annually. It is optional with the holders, however, whether they surrender or retain their bonds. In case
of their retention the interest continues, and the bonds remain as if they had never been drawn. The 1st mtge.
Mexican and Pacific Extension bonds are secured on the line from San Antonio to El Paso, and also on the Eagle
Pass Branch. The 2d mtge. (income) Western Division bonds are secured on the line from San Antonio to El
Paso, subject to the lien of the 1st mortgage, and are also secured on the lands due from the State for construc-
tion of the M. & P. Extension, by which the company became entitled to 110,750 sections of 640 acres each, equal
to 70,880,000 acres. Of these bonds, $355,000 are in the company's treasury. By an agreement made in 1893 with
the holders of these bonds the charge for interest accrued thereon was waived, and interest now becomes due
only if earned above all prior charges, and is non-cumulative.
Directors (elected July, 1901).— E. H. Harriman, Arden, N. Y. ; C. H. Tweed, New York, N. Y. ; C. H.
Markham, W. G. Van Vleck, C. B. Seger, W. B. Chew, R. S. Lovett, Houston, Tex. OFFICERS : E. H. HARRI-
MAN, Pres., Arden, N. Y. ; Win. Mahl, Asst. to Pres., New York, N. Y.; C. H. Markham, 1st Vice-Pres. ; W. G.
Van Vleck, 2d Vice-Pr($. ; B. C. Cushman, Treas., Houston, Tex. ; A. K. Van Deventer, Asst. Sec. & Asst.
Treas., NewYork, N. Y". GENERAL OFFICE, Houston, Tex. General Agent's Office, 120 Broadway, New York, N. Y.
GALVESTON, HOUSTON AND NORTHERN RY.— Length of lines (see Sec. In), 56.25 m. ;
total track (steel ; 60 Ibs.), 04.04 miles. Gauge, 4 ft. 8$ in. Chartered March 31, 1899, as successor to the Galves-
ton, La Porte and Houston Ry. Co. ; took possession of the property on May 1, 1899. Controlled by the Southern
Pacific Co., through ownership of the stock and bonds, but operated as an independent organization. Locomo-
tives, 4. Cars—passenger, 6; passenger and baggage, 3; freight (box), 96; service, 3— total, 108.
Profit and Loss Account, year ending June 30, 1901.— Balance at debit, June 30, 1900, $110,219 ; income
account, deficit for year (seepage 51)1), $330,928— total, $441,147. Contra: Miscellaneous collections, $4.526;
adjustments, $42,000 ; balance at debit, June 30. 1901, $394,621— total, $441,147.
Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $200,000; funded debt (1st 5s of Jan. 1, 1930),
$800.000 ; equipment trust obligations, $29,176 ; coupons due July 1, $20,000 ; current liabilities, $71,006 ; taxes
assessed not due, $3,200 ; due S. P. Co., $180.591 ; due other companies in the system, $124,399 ; contingent lia-
bilities, $19,823— total, $1,454,195. Contra : Cost of road and franchises, $995,302 ; current assets, $56,944 ; con-
tingent assets, $7,327 ; profit and loss, $394,621— total, $1,454,195.
Directors (elected March 25, 1902).— E. H. Harriman, Arden, N. Y. ; C. H. Tweed, New York, N. Y. ;
W. G. Van Vleck, R. S. Lovett, T. W. House, J. Y. Meyer, S. E. Allen, J. M. Dorrance, W. B. Chew, Houston,
Tex. OFFICERS : E. H. HARRIMAN, Pres., Arden, N. Y. ; Wm. Mahl, Asst. to Pres., New York, N. Y.; W. G.
Van Vleck, Vice-Pres.; C. B. Seger, Sec.; B. C. Cushman, Treas., Houston, Tex.; A. K. Van Deventer, Asst. Sec.
& Asst. Treas., New York, N. Y. GENERAL OFFICE, Houston, Tex.
G-ULF, WESTERN TEXAS AND PACIFIC RY.— Length of lines (see Sec. la), 111.20 m. ;
total track (steel, 107.72 m.), 127.60 miles. Rail, 50 and 52 Ibs. Consolidation, Aug. 4, 1870, of the San Antonio
and Mexican Gulf and the IndianolaRR. Cos. (see MANUAL for 1893, page 1012). Controlled by the Southern
Pacific Co. through ownership of capital stock, but road operated by its own officers. Locomotives, 5. Cars-
freight (box, 128 ; caboose, 2 ; flat, 120), 250 ; service, 7— total, 257.
Profit and Loss Account, year ending June 30 ,1901.— Balance at debit, June 30, 1900, $1,134,010 ; in-
come account, deficit for year (see page 591), $145,736 ; cost of lands sold not pledged for redemption of bonds,
$553-total at debit, June 30, 1901, $1,280,299.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000; funded debt (1st 5s of
Dec. 1, 1941), $2,224,000; current liabilities, $29,524; deferred liabilities ; $6,301 ; due to Southern Pacific Co.,
$583,719 ; due to other companies in the system, S192,006 ; replacement fund, $11,205— total, $3,546,814. Contra :
Cost of road and franchises, $2,175,161 ; cash and current assets (including materials, etc., $26,660), $36,129 ; de-
ferred assets (lands), $4,413 ; due from S. P. Co., proprietary lines, $50,663 ; contingent assets, $150 ; profit and
loss, $1,280,299— total, $3,546,814.
Directors.— W. G. Van Vleck, Houston, Tex. ; D. C. Proctor, D. T. Forbes, V. B. Proctor, F. C. Proctor,
G. R. Cotiingham, Victoria, Tex. OFFICERS : W. G. VAN VLECK, Pres., Houston, Tex. ; D. T. Forbes, Vice-Pres. ;
W. J. Craig, Treas. ; B. M. Smith, Sec., Victoria, Tex. ; A. K. Van Deventer, Asst. Sec. & Asst. Treas., New York,
N. Y. GKNERAL OFFICE, Victoria, Tex.
HOUSTON, EAST AND "WEST TEXAS RY.— Houston, Tex., to Logansport, La., 190.69 m. ;
total track (steel ; 60 Ibs.), 218.66 miles. Gauge, 4 ft. 8i in. Reorganization in 1897 of a company of the same
name (see MANUAL for 1899, page 545). Controlled by the Southern Pacific Ry. Co., through ownership of more
than 99 p. c. of the capital stock, but operated as a separate organization. Locomotives, 27. Cars— passenger, 6;
baggage, etc., 3; business, 2; freight, (box, 191 ; caboose, 14; flat, 255; gondola, 34; refrigerator, 2), 496:
service, 31— total, 538.
39
610
POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
Profit and Loss Account, year ending June 30, 1901.— Balance at credit, June 30, 1900, $177,516 ; in-
come account, surplus for year (see page 591), $61,810— total at credit, June 30,1901. $239,326.
$5,070,645 ; land and other property, $738 ; cash and current assets, $236,289 ; due from Houston and Shreveport
RR. Co., $15,532— total, $5,323,204.
Funded Debt consists of 1st gold 5s of May 1, 1933. The original issue of these bonds was $3,840,000, of
which $840,000 were surrendered to the trustee for cancelation, in accordance with the plan of reorganization,
outlined in the MANUAL for 1897, on page 193. Of the $3,000,000 bonds authorized, $300,000 remain in the hands
of the reorganization committee for betterments and improvements, as provided in the plan of reorganization.
Directors (elected Dec. 3, 1901).— James A. Blair, C. II. Tweed, New York. X. Y. ; J. II. B. Hoi:
Markham, J. A. Baker, Jr., Howard F. Smith, W. D. Cleveland, J. W. Reichardt, Houston,Ti-x. ; Joel A. Sperry,
New Haven, Conn. OFFICERS : C. H. TWEED, Chairman of Board, New York, N. Y. ; T. W. HOUSE, Pres. A
Treas.; James A. Baker, Jr., Sec., Houston, Tex. GENERAL OFFICE, Houston, Tex.
HOUSTON AND SHKEVEPOET RY.— Logansport to Shreveport, La.. 39.05 m. ; total track
(stfeel), 42.15 miles. Gauge, 4 ft. 8^ in. Reorganization, Dec., 1891, of the Shreveport and Houston Ry. <
MANUAL for 1900, page 481). Controlled by the Southern Pacific Co., through ownership of more than 98 p. c. of
the capital stock, but operated as a separate organization. The company owns no rolling stock.
Profit and Loss Account* year ending June 30, 1901.— Surplus income for year (gee page 591), $48,828;
balance at debit, June 30, 1900, $19,984 ; balance at credit, June 30, 1901, $28,839.
Balance Sheet, June 30, 1901.— Capital stock, $400,000 ; funded debt (Iet6sof July 1, 1914), $150,000;
current liabilities, $2,891 ; taxes assessed, but not due, $3,677 ; due Houston, East and West Texas Ry. Co.,
$15,532; contingent liabilities, $89; profit and loss, $28,839— total, $601,0^8. Contra: Cost of road and fran-
chises, $505,831 ; land and other property, $513 ; current assets, $94,684— total, $601,028.
Directors (elected Dec. 3, 1901).— Charles H. Tweed, John B. Dennis, New Y'ork, N. Y.; R. S. Lovett,
C. H. Markham, E. B. Herndon, W. W. Wise, W. A. Taylor, Houston, Tex. OFFICERS : CHABLES II. TWEED,
Pres. ; A. K. Van Deventer, Treas.; Alex. Millar, Sec., New York, N. Y. ; E. Dargan, Asst. Sec. & Asst. Treas. ;
C. H. Markham, Gen. Mgr., Houston, Tex. GENERAL OFFICE, Shreveport, La.
HOUSTON AND TEXAS CENTRAL RR.-Length of lines (see Sec. la), 507.75 m. ; total
track (steel, 600.19 m.), 039.78 miles. Gauge, 4 ft. 8i in. Rail 54 and 56 Ibs. Organized Aug. 1, 1889, as sin
to the Houston and Texas Central Ry. Co., all of whose road, except the Waco and Northwestern Division, was
sold under foreclosure on Sept. 8, 1888. The Waco and Northwestern Division was sold under foreclosure on
Sept. 3, 1895, and was deeded to this company on June 30, 1898 (see MANUAL for 1901, page 646). On Sept. 3, 1901 .
the company absorbed the Austin and Northwestern RR. Co., the Central Texas and Northwestern Ry. Co. and
the Port Worth and New Orleans Ry. Co. (see appended statements for those roads). This company ^"controlled
by the Southern Pacific Co., through ownership of more than 95 p. c. of the capital stock, but is operated as an
independent organization. Locomotives, 99. Cars— passenger, 43 ; chair, 11 ; business, 3 ; combination, 4 : bug-
gage, etc., 32 ; freight (box, 1,349 ; stock, 94 ; flat, 601 ; refrigerator, 65 ; caboose, 50 ; gondola, 340 ; tank, 4),
2,503 ; service, 116— total, 2,712.
Profit and Loss Account, year ending June 30, 1901.— Balance at credit, June 30, 1900, $3,361,410 ; in-
come account, surplus for year (see page 591). $976,563 ; proceeds of land sales, $505,000 ; miscellaneous collec-
tions, $18,879 ; adjustments, $750— total, $4,802.602. Contra : Miscellaneous expenses, $1,600 ; adjustments,
$1,877; balance at credit, June 30, 1901, $4,859,125— total, $4,862,602.
General Balance Sheet, June 30, 1900 and 1901.
Cost of Road
1900
$28,307,088 38
1901
$29,559.383 75
Capital Stock
1900
.$10,000,00000
1901
$10,000 000 00
Materials and Supplies. . . .
354,990 78
427,829 83
Funded Debt
. 14,524,000 00
15,124,00000
Cash on Hand
64,261 14
367 446 15
94 657 50
102 047 50
Current Assets
136,936 78
352,077 01
Taxes Assessed, not Due
39.099 20
38 83029
Other Property and Assets
39,557 94
39,87'S 34
Current Liabilities
. 1,078.263 58
'.!?.•
Austin and N. W. RR. Co.
194,595 13
356,969 98
Profit and Loss
. 3,361,409 87
4,859,124 75
Total Assets . . .
829,097,430 15
§31,103,58506
Total Liabilities. . .
.$••29.097.430 15
$31. 103.585 00
Funded Debt outstanding, June 30, 1901, consisted of $6,479,000, 1st gold 5s of July 1, 1937, including
$135,000 called for redemption but not presented; $3,196,000 consol. gold 6s of Oct. 1, 1912, including $35,000
called for redemption but not presented; $4,287,000 gen. gold 4s of April 1, 1921; $1,105,000 Waco and North-
western Division 1st gold 6s of May 1, 1930, and $57.000 debenture 5s of Oft. 1, 1902. The 1st mtge. bonds, tin-
consols and the gen. mtge. bonds are secured in the order named on the lines from Houston to Denison, 33; .'J8
miles, and from Hempstead to Austin, 115 miles. The gen. mtge. bonds are additionally secured by deposit of
$1,149,000 consol. mtge. bonds. The 1st mtge. bonds, the consols and the gen. mtge. bonds are further secured
by a trust indenture, dated April 1, 1890, between F. P. Olcott, the Southern Pacific Co., and the mortgage
trustee, said indenture relating to certain lands described therein. The Waco and Northwestern Division bonds
(authorized, $25,000 per mile) are secured on the line from Bremond to Ross. 54 77 miles. The 1st mtge. bonds
and the consols maybe called for redemption at 110 p. c. from proceeds of land sales. In addition to the
$3,196,000 consols outstanding, $1,149,000 are deposited as collateral to the gen. mtge. bonds, but these do not
draw interest and are not subject to redemption from proceeds of land sales, unless there should be a default on
the outstanding bonds. The Southern Pacific Company guarantees the interest on the 1st mortgage bonds, the
consols and the gen. mtge. bonds, and guarantees the debentures, both principal and interest. Additional par-
ticulars respecting the funded debt will be found in the Ready Reference Bond List— see General Index.
Directors, H. &T. C. RR. Co. (elected April 7. 1902).— E. H. Harriman. C. H. Tweed, New York, N. Y.;
C. H. Markham, R. S. Lovett, T. W. House, John T. Browne, J. A. Baker, W. B. Chew, Houston, Tex. OFFICERS:
C. H. TWEED, Pres., New York, N. Y.; C. H. Markham, Vice- Pres.: W. H. Field, Sec. ,(• Tr>as.; C. B. Seger,
Auditor, Houston, Tex. GENERAL OFFICES, Houston, Tex., and 23 Broad Street, New York, N. Y.
Railroads Absorbed by the Houston and Texas Central RR. Co., Sept. 3, 1901.
AUSTIN AND NORTHWESTERN RR.— Length of lines (see Sec. la), 107.86 m.; total track (steel), 121.52
miles. Gauge, 4 ft. 8i in. Rail— iron, 35 Ibs.; steel, 61$ Ibs. Reorganization, April 29, 1881, of a company of the
same name. The Granite Mountain and Marble Falls RR. was built by this company, and is operated under con-
tract, without lease or other consideration (see MANUAL for 1891, page 33). Locomotives, 8. Cars— passenger, 3;
baggage, etc., 3; freight (box, 69; flat, 227), 296; service, 3— total cars, 305.
Profit and Loss Account year ending June 30, 1901.— Balance at debit, June 30, 1900, $58,527; income
account deficit for year (see page 591), $41,431— total at debit, June 30, 1901. $99.958.
Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $1,016.000: funded debt (1st 5s of Jan. 1, 1941,
guar. principal and interest by S. P. Co.), $1,920,000; current liabilities, $64,940; taxes assessed, not due, $4,104;
due H. & T. C. RR. Co., $356,970; unadjusted accounts, $175; replacement fund, $1,696— total, $3,363,885. Contra :
POOR'S MANUAL — SOUTHERN PACIFIC SYSTEM. 611
Cost of road, etc., $3,085,992; current assets, $150,695; due from S. P. Co., $24,323; contingent assets, $3,017;
profit and loss, $99,958— total, $3,363,885.
CENTRAL TEXAS AND NORTHWESTERN RY.— Garrett to Waxahachie, Tex., 12.57 m. ; total track
(stirl, 15.11 m.), 15.97 miles. Gauge, 4 ft. Si in. Rail, 52 Ibs. Organized as Waxaliachie Tap RR. Co., Jan. 25,
1875. That company was the recipient of $50,000 in bonds of the town of Waxahachie, a State land grant of 16
sections per mile, and local subscriptions. On Sept. 28, 1881, the present name was adopted. The Southern
Pacific Co. owns the entire capital stock of this company and guarantees its bonds both as to principal and
interest. Locomotive,!. _ Cars— passenger, 1 ; combination, 1; freight (box, TO; flat. 3; stock, 100), 173— total, 175.
Profit and Loss Account, year ending June 30, 1901.— Balance at credit, June 30, 1900, $278,058; income
account surplus for year (see page 591), $68,434— total, $346,492. Contra : Adjustments, $454; balance to credit,
June 30, 1901, $346,038— total, $346,492.
General Balance Sheet. June 30, 1901.— Capital stock ($100 shares), $200,000; funded debt (1st 6s of Oct. 1,
1911), $180,000; current liabilities, $5,023; taxes assessed, not due, $900; replacement fund, $975; profit and loss,
$346,038— total, $732,936. Contra : Cost of road, etc., $512,872; current assets, $15,229; due from S. P. Co. ami
other companies in the system, $204,130; contingent assets, $705— total, $732,936.
FORT WORTH AND NEW ORLEANS R Y.— Waxahachie to Fort Worth, Tex., 41.97 m.; total track
(steel, 46.95,), 50.11 miles. Rail, 62 Ibs. Organized June 3, 1885; road opened July 15, 1886. Controlled by the South-
era Pacific Co. through ownership of its capital stock. The company owns 33 box and 20 flat freight cars.
Profit and Loss Account, year ending June 30, 1901.— Balance at credit, June 30, 1900, $195,290; income
account surplus for year (see page 591), $33,905— total at credit, June 30, 1901, $229,195.
Balance Sheet, June 30, 1901.— Capital stock, $300,000; funded debt (1st 6s of Dec. 31, 1925), $709,000;
current liabilities, $357,187; due C. T. & N. W. Ry. Co., $13,169; accrued taxes, $2,250; replacement fund, $1,115;
profit and loss, $229,195— total, $1,611,916. Contra : Cost of road, etc., $1,330,207; current assets, $71,07; due
from H. & T. C. RR. Co., $177,812; due from others, $576; stocks owned, $31, 683- total, $1,611,916.
IBERIA AND VERMILION RR.— Salt Mine June, to Abbeville, La., 16.13m.; total track (steel,
56 and 60 Ibs.), 18.76 miles. Gauge, 4 ft. 8J in. Chartered April 6, 1891. Connects at Junction with Morgan's
Louisiana and Texas RR. Operated by the Southern Pacific Co. for account of owners.
Profit and Loss Account, year ending June 30, 1901.— Surplus income for year (seepage 591), $4,082;
balance at debit, June 30, 1900, $16,646; balance at debit, June 30, 1901, $12,564.
Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $300,000; funded debt (1st 5s of Aug. 1, 1943),
$322,000; interest accrued, $6,708— total, $628,708. Contra : Cost of road and franchises, $599,357; cash, $1,100;
due from Morgan's Louisiana and Texas RR. & SS. Co., $15,688; profit and loss, $12,564— total, $628,708.
Directors (elected June 2, 1902).— J. Kruttschnitt, San Francisco, Cal.; T. Fay, John B. Richardson, W. F.
Owen, New Orleans, La. ; A. C. Pickett, New Iberia, La. OFFICERS : J. KRUTTSCHNITT, Pres., San Francisco,
Cal.; T. Fay, Vice-Pres. ; John B. Richardson, Treas., New Orleans, La.; A. C. Pickett, Sec., New Iberia, La.
GENERAL OFFICE, New Orleans, La.
LOUISIANA WESTERN RR.— Length of road (see Sec. la), 140.67m.; total track (steel,— ), 176.50
miles. Rail, 52 Ibs. The route of this road originally formed the western extension of what is now known as the
New Orleans and Mobile RR. Some preliminary work had been done in the way of grading, etc., when, in 1870,
it was sold under foreclosure, and this portion purchased by Morgan's Louisiana and Texas RR. Co., which
subsequently transferred it to the Louisiana Western RR. Co. The" construction of the road was commenced in
1879, and the whole line put in operation in Aug., 1880. This road was included in the " Omnibus Lease " to the
Southern Pacific Co., but the lease terminated on Dec. 31, 1901, and the road is now operated by its own organiza-
tion. Locomotives, 23. Cars— passenger. 12; postal, 2; baggage, etc., 8; freight (box, 724; stock, 22; flat, 876;
caboose, 10; gondola, 98), 1,730; service, 77— total, 1,829.
Profit and Loss Account, year ending June 30, 1901.— Balance, June 30, 1900, $2,031,207; surplus income
(see page 591), $394,513— total, to credit of general account, $2,425,720.
Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $3,360,000; funded debt (1st 6s of July 1, 1941),
82,240,000; profit and loss, $2,425,720-total, $8,025,720. Contra: Cost of road and franchises, $6,8S'J,625; due
from Southern Pacific Co., $1,136,095— total, $8,025,720.
Directors (elected Nov. 21, 1901). — E. H. Harriman, Arden, N. Y.; A. C. Ilutcliiiisou, New Orleans, La.;
Otto H. Kahn, James Stillman, Charles H. Tweed, New York, N. Y. OFFICERS : E. II. HARRIMAN, Pres., Arden,
N. Y.; Charles H. Tweed, Vice-Pres.; Wm. Mahl, Asst. to Pres.; Alex. Millar, Sec., New York, N. Y.; John B.
Richardson, Treas.; Chas. E. Wermuth, Asi>t. Sec., New Orleans, La.; A. K. Van Deventer, Asst. Treas., New
York, N. Y. GENERAL OFFICE, New Orleans, La.
MORO-AN'S LOUISIANA AND TEXAS RR. (AND SS. CO.). -Length of road (see Sec. la),
323.77 m.; 2d track, 35.87 m.; total track (steel; 60 Ibs.), 513.80 miles. (For hi>tory, see MANUAL for 1887, page
891.) This road was included in the " Omnibus Lease " to the Southern Pacific Co., but the lease terminated on
Dec. 31, 1901, and the property is now operated by its own organization. Locomotives, 49. Cars— passenger, 34;
postal, 2: business, 1 ; baggage, etc., 22; freight (box, 1,603; caboose, 30; flat, 732; fruit, 119; gondola, 60; refrig-
erator, 57; stock, 111), 2,712; service, 141— total cars, 2.912. Floating equipment— steamships, 8; car transfer
steamer, 1; river steamers, 4; tugs, 6; car transfer barge, 1; barges, 11; derrick boats, 3; steam pile driver, 1;
steamship Ptern docks, 2; dredge boat, 1.
Profit and Loss Account, year ending June 30, 1901.— Balance, June 30, 1900, $3,226,114; surplus income
for year (see page 591), $l,038,425-total, $4,264,539.
Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $15,000,000; funded debt (see below), $7,496,-
714; current liabilities, $21,056; due Iberia and Vermilion RR. Co., $15,688; profit and loss, $4,264,539— total,
$26,797,998. Contra : Cost of road and franchises, $21,565,757; stocks owned (deferred assets), $589,597; cash,
$29,704; materials, fuel, and supplies, $421,547; bonds owned, $820,500; unadjusted accounts, $86,500; due from
Southern Pacific Co., $3,284,332— total, $26.797,998.
Funded Debt outstanding, June 30, 1901, consisted of $5,000,000 M. L. & T. RR. 1st 7s of April 1, 1918;
$1,494.000 Alex. Ext. 1st gold 6s of July 1, 1920; $1,000,000 gen. 5s of July 1, 1913, and $2,713.92 N. O., O. & G. W.
RR. 8s of April 1, 1889. The N. O., O. & G. W. RR. bonds are secured on the road from New Orleans to Morgan
City, 80 m.; the 1st mtge. M., L. & T. bonds on the same lines, and also on the Houma, Lafourche und Thibo-
deaux branches; and the 1st mtge. Alexandria Extension Bonds on the line from Morgan City to Cheney-
ville, 125.5 m., and also on the Salt Mine, St. Martinsville and Cypremort branches. Additional particulars
respecting the funded debt are in the Ready Reference Bond List— see General Index.
Directors (elected April 2, 1902).— E. H. Harriman, Arden, N. Y.; A. C. Hutchinson, J.B.Richardson,
Thornwell Fay, C. Trumpy, New Orleans, La. OFFICERS: A. C. HUTCHINSON, Pres.; Thornwell Fay, Vice-Pres.;
J. B. Richardson, Sec. <fc Treas., New Orleans, La.; Alex. Millar, Asst. Sec.; A. K. Van Deventer, Asst. Treas.,
New York, N. Y. GENERAL OFFICE, New Orleans, La.
NEW YORK, TEXAS AND MEXICAN RY.-Length of lines (see Sec. la), 122.41 m.; total track
(steel, 126.49m.). 134.34 miles. Gauge, 4 ft. 8f in. Rail, 50 Ibs. Chartered Nov. 17, 1880; road opened from
Rosenberg to Victoria, 91 m., on Jan. 15, 1882; from Wharton to Van Vleck. 31.41 m., in Sept., 1900. Controlled
by tue Southern Pacific Co. through ownership of more than 96 p. c. of the capital stock, but operated as an inde-
612 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
pendent organization. Locomotives, 6. Cars— passenger, 4; baggage, etc., 2; freight (box, 150; caboose, 2; flat,
121; Mock, K'3i, ii'.tii; service, 9— total, 411.
Profit and Loss Account, year ending June 30, 1901. Balance at debit, June 30, 1900, $278,459; deficit
for year (see. page 5!>l), $70,884— total at debit. June 30, 1901, $3-48,843.
Balance Sheet, June 30, 1901. -Capital stock, $G3<),040: funded debt (see below), $1,518,000; current
liabilities, £41,800; taxes assessed, but not due, §5,100; unadjusted accounts, $2,440: due other companies in the
syi-trni, f 386,440; due Southern Pacific Co., $081.417; replacement funds, $2,715— total, J3.2IVT.9.V,'. Contra : Cost
of road and franchises, $2,440,768; expenditures for new lines, $340,100; cash, $5,520: materials, etc., $12.106;
current assets, $8,023; due other companies in the system, $111,539; contingent assets, $993; profit and loss,
$348,843-total, $3,267,952.
Funded Debt, June 30, 1901, consisted of ($8,000,000 or £1,600,000 auth.) 1st mtge. 30-yr. gold bonds, due
April 1, 1912, $1,518,000 outstanding, of which $53,000 are 0 p. c. bonds, and $1,465,000 4 p. c. bonds. The 4s are
guaranteed, principal and interest, by the Southern Pacific Co.; the 6s are not so guaranteed. A sufficient num-
ber of the 4s are reserved for the retirement of the 6 p. c. bonds. The bonds are secured by a first lien on the road
and rolling stock, and also on the land in Texas, which the company has been unable to obtain, the State having
withdrawn its land from location.
Directors (elected Jan. 27, 1902).— G. R. Cottingham, Victoria, Tex.; W. G. Van Vleck, Houston. Tex.;
D. C. Proctor, V. B. Proctor, F. C. Proctor, B. M. Smith, D. T. Forbes, Victoria, Tex. OFFICKKS : W. G. VAN
VLKCK, Pres., Houston, Tex.; D. T. Forbes, Vice-Pres.; W. J. Craig, Treat.; B. M. Smith. Sec., Victoria, Tex.;
A. K. Van Deventer, Asst. Sec. & Asst. Treas., New York, N. Y. GENERAL OFFICE, Victoria, Tex.
TEXAS AND NEW ORLEANS RR.— Length of lines (see Sec. la), 373.95 m.; 2d track, 3.89 m.;
total track (steel, 442.41 m.), 478.98 miles. Gauge, 4 ft. 8fr in. Rail, 50 and 60 Ibs. Reorganization in 1874 of the
old Texas and New Orleans RR., which was built in 1861 and dismantled in 1865. The reconstructed roud
(Houston to Orange) was opened on Aug. 1, 1876. The line from Sabine to Rockland, 103.11 miles, formeily the
Sabine and East Texas Ry., was purchased in April, 1883. The Texas Transportation RR.. from Houston to
Clinton, 7.9 miles, was purchased on June 1, 1896: th'e Texas Trunk RR., from Dallas to Cedar, 53 miles, and t!ie
Louisiana Western Extension RR., from Sabine River to Beaumont, 6.8 miles, were acquired in Dec.. iS'.i'.i. The
Texas Trunk RR. and the Louisiana Western Extension RR. were purchased under authority of an act of the
Legislature of Texas, which also authorized the company to construct an extension from Cedar to Kockland,
about 165 miles, and to issue $4,435,000 of 4 p. c. bonds to cover the cost of the line* purchased and of the exten-
sion from Cedar to Rockland (see MANUAL for 1901, page 615). On May 1, 1902, the extenMon from < edur was- in
operation to Jacksonville, 63 miles, and the extension from Rockland was in operaiion to Mahl, 5(1 miles, leaving
about 4(5 miles to be constructed. The company acquired 818,789 acres of State subsidy land through the purchase
of the main line and 663,080 acres through the purchase of the Sabine and East Texas Ry. (see Sec. 28). The
company is controlled by the Southern Pacific Co. through ownership of all except $2,500 of its capital stock,
but is operated as an independent organization. Locomotives, 44. Cars— passenger, 21; chair, 7; composite,
2; baggage, mail, and express, 11; freight (box, 840; caboose, 12; flat, 1,444; furniture, 94; gondola, 95: stock,
15; tank, 6), 2,500; service, ISO-total, 2,677.
Profit and Loss Account, year ending June 30, 1901.— Balance at credit, June 30, 1900, $4.791,031 ; sur-
plus income (see page 591), $218,018; proceeds from sales of land for redemption of bonds, $193,504: miscellaneous
collections, $4,302— total, $5,206,855. Contra : Cost of lands sold not pledged for redemption of bonds, $19.359 ;
balance «t credit, June 30, 1901, $5,187,496— total, $5,206,855.
Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $5,000,000; funded debt (see below), $7,108,-
181; current, liabilities, $061,495; taxes assessed, but not due, $25,000; due Direct Navigation Co., $112,a%: due
Southern Pacific Co., $3,724,779; contingent liabilities, $271,311; profit and loss, $5,187,496— total, $24,090,598.
Contra : Cost of road and franchises, $14,355,820; expenditures for new lines, $944,419; land grant accounts,
$271.290: trust funds, $73,328; current assets (including cash, $47,312, and materials, $455,079), $626,830; deferred
assets, $257,301; due from proprietary companies in the system, $5,539,999; contingent assets, $21,611— total,
$22.090,598.
Funded Debt outstanding, June 30, 1901, consisted of (1) $1,094,000 Main Line 1st 7s of Aug. 1, 1905,
secured on the line from Orange to Houston, 105.46 miles ; (2) $2,575,000 Sabine Div. 1st gold 6s of Sept. 1. 1912,
secured on the line from Sabine Pass to Rockland, 102.36 miles; (3) $l,t>20,<X)<> consol. gold 5s of July 1, 1943,
secured on the lines from Orange to Houston and from Sabine Pass to Rockland, but subject to prior liens ;
(4) $1,470,000 ($20,000 per mile auth.) Dallas Div. 1st gold 4s of Aug. 1, 1930, secured on the line constructed or to
be constructed from Rockland to Dallas (about 218 miles), on the line from Orange to the Sabine River (6.7 miles),
and on extensions to be constructed or acquired to an aggregate of 40 miles ; and (5) $349.181.02 State of Texas
school fund debt, payable 2 p. c. yearly and bearing 6 p. c. interest. The company pays the interest on $350,000
1st 5s of Aug. 1, 1923, of the Texas Transportation Co., whose property and franchises it purchased on June 1,
1896, subject to but. without assuming that mortgage.
Directors (elected Jan. 15, 1902).— J. Kruttschnitt, San Francisco, Cal. ; E. H. Harriman, Arden, N. Y. ; T.
W. House, W. G. Van Vleck, R. S. Lovett, W. B. Chew, C. B. Seger, Houston. Tex. OFFICERS : E. H. HAKTII-
MAN, Pres., Arden, N. Y. ; J. Kruttschnitt, Vlce-Prfs., San Francisco. Cal.; Win. Mahl, Asst. to Pres., New York,
N. Y.; B. C. Cnshman, Treas.; C. B. Seger, Sec., Houston, Tex.; A. K. Van Deventer, Asst. Sec. & Asst. Treat.,
New York, N. Y. GENERAL OFFICE, Houston, Tex.
32. Board of Directors, Southern Pacific Co., elected April 9, 1902.
CHARLES H. TWEED, Chairman of the Board New York, N. Y.
T. J. Coolidge, Jr Boston, Mass.
Wm. D . Cornish.. . . New York, N. Y.
George J. Gould ... "
E. H. Harriman Arden, N. Y.
Edwin Hawley New York, N. Y.
James H. Hyde. . . .New York, N. Y.
Otto H. Kahn "
J.W.Mackey " "
D. O. Mills
Winslow S. Pierce. "
J. H. Schiff New York, N. Y.
James Speyer "
James Still man "
Charles H.Tweed.. "
H. E. Hauling ton.. "
E. H. HARRIMAN, President New York N. Y.
H. E. Huntington, Vice- President San Francisco, Cal.
Charles H. Tweed, 2d Vice- President New York, N. Y.
John C. Stubbs, 3d Vice-President San Francisco, Cal.
J. Kruttschni t, 4£A Vice-Pres., Gen. Mgr. & Asst. to Prcs. "
Secretary— Me*. Millar New York, N. Y.
Asst. Secretary— G. T. Klink San Francisco, Cal.
Treasurer— N. T. Smith San Francisco, Cal.
Controller— William Mahl New York, N. Y.
(4 Montgomery St., San Francisco, Cal.
GENERAL OFFICES •< 23 Broad St., 'New York, N. Y.
(Natchez and Magazine Sts., New Orleans, La.
POOR'S MANUAL— SOUTHERN PACIFIC SYSTEM.
613
RAILROADS WHOSE BONDS ARE GUARANTEED, BOTH PRINCIPAL AND
INTEREST, BY THE SOUTHERN PACIFIC COMPANY, AND WHICH
ARE OPERATED BY THEIR OWN ORGANIZATIONS.
GILA VALLEY, GLOBE AND NORTHERN RY.— Bowie to Globe, Ariz., 125.55 m.;
spur to smelter, 0.95 m. — total, 126.50 in.; total track (steel ; 50 Ibs.), 132.63 m. Gauge, 4
ft. 8fc in. Chartered Jan. 15, 1894 ; road opened throughout in Jan., 1899 (see MANUAL for
1898, page 268). The company is controlled by the Southern Pacific Co., through ownership
of about 60 p. c. of its capital stock, but is operated as an independent organization. Loco-
motives, 6 ; cars (passenger), 4.
Operations, year ending June 30, 1901.— Train mileage— passenger, 2,170; freight, 39,-
378; mixed, 76,843; other, 1,202— total, 119,593 miles. Passengers carried, 16,075; carried
one mile, 952,846 ; average mile rate, 5.77 cents. Tons freight moved, 57,346; moved one
mile, 6,138,303; average ton-mile rate, 4.59 cents.
Earnings— Passenger $54,949 01
Freight 281,555 31
Mail and Express 21,241 08
Miscellaneous 8,090 32
Total (.32,891.98 per mile) $365,835 72
Net earnings (53.31 p. c.), $195,024.75.
Expenses— Maintenance Way & Structures.. $41,72893
Maintenance of Equipment 22,285 95
Conducting Transportation 89.066 90
General and Taxes 16,829 19
Total ($1,350.28 per mile) $170,810 97
Charges : Betterments, etc., $15,649.71 ; in-
terest on bonds,"$75,700—totaC$91, 349.71. Net profits, $103,675.04 ; surplus income to June
30, 1900, $128,532.03— total, $232,207.07. Deductions : Dividend No. 1 (4 p. c., paid in Jan.,
1901), $80,000 ; reserve for sinking fund, $2,831.57— total, $82,831.57. Surplus, June 30,
1901, $149,375.50.
General Balance Sheet, June 30, 1901.
Road and Equipment $3,514,000 00
Black Warrior Extension 2,758 55
Real Estate 7,901 80
Materials and Supplies 13.664 15
Sinking Fnnd 1st Mtge. Bonds • 3442 84
Cash and Current Assets 158,100 30
Total Assets $3,699,567 64
Capital Stock $2,000,000 00
Bonded Debt 1,514,000 00
Interest Accrued, not Due 12,616 66
Current Liabilities 20,743 91
Reserve for Sinking Fund 2,831 57
Profit and Loss 149,375 50
Total Liabilities $3,699,567 64
Funded Debt consists of 1st gold sinking fund 5s of Nov. 1, 1924. The bonds are guaranteed, both
as to principal and interest, by the Southern Pacific Co., the guaranty being endorsed on each bond. The
mortgage contains a provision for a sinking fund of 1 p. c. per annum, to be invested in approved!
securities or otherwise, or to be used in retiring the bonds at or before maturity; but the bonds are not
subject to call for redemption before maturity. '
Directors (elected Dec. 4, 1901). — William Garland, John A. Muir, Los Angeles, Cal.;
H. E. Huntington, San Francisco, Cal.; Epes Randolph, Tucson, A. T. ; R. F. A. Penrose,
Phoenix, A. T. OFFICERS : WILLIAM GARLAND, Pres. ; A. C. Laird, Sec., Los Angeles,
Cal.; N. T. Smith, Treas., San Francisco, Cal. GENEBAL OFFICE, Los Angeles, Cal.
SAN ANTONIO AND ARANSAS PASS RY.— Kerrville to Houston, Tex., 308.4 m.;
Kenedy to Corpus Christi, Tex., 90 m. ; Gregory to Rockport, Tex., 21.2 m. ; Skidmore to
Alice, Tex., 43 m. ; Yoakum to Waco, Tex., 171 m. ; Austin Junction to Lockhart, Tex., 53.8
m.— total, 687.4 m.; total track (steel, 780.95 m.), 781.81 miles. Gauge, 4 ft. 8} in. Rail, 50
Ibs. Reorganization in 1893 of a company of the same name, a sketch of whose history is
in the MANUAL for 1892, page 940.
Rolling Stock, June 30, 1901. — Locomotives, 59. Cars — passenger, 32; combination, 4;
chair, 3 ; baggage, mail, and express, 16 ; business, 2 ; freight (box, 769 ; flat, 549 ; stock,
234 ; gondola, 138 ; refrigerator 2 ; caboose, 33), 1,725 ; service, 100— total, 1,882. Of the box
Cars, 100 are covered by equipment trust.
OperationSj year ending June 30, 1901. — Train mileage— passenger, 617,928 ; freight,
761,222; mixed, 161,382— total, 1,540,532 miles. Passengers carried, 525,585; carried one
mile, 21,655,569; average mile rate, 2.472 cents. Tons freight moved, 651,084 ; moved one
mile, 105,410,028 ; average ton-mile rate, 1.857 cents. There were also 221, 268 tons of com-
pany freight moved, equivalent to 26,318,009 tons moved one mile.
EARNINGS.
Passenger
1899-00 1900-01
$394,010 89 $535,345 a5
Freight
1,624,54911 1,957,21567
Mail and Express
93,305 62 99,078 07
Miscellaneous
69,945 32 26,738 05
Totals
$2,181,810 94 $2 618 377 14
Totals per Mile...
3,174 00 3,809 10
EXPENSES.
Maint. Way and Structures . .
Maintenance of Equipment. .
Conducting Transportation. .
General Expenses
1899-00 1900-01
$528,81192 $607,06753
197,87313 221,87222
889,948 91 963,923 75
93,946 43 93,672 72
Totals $1,710,580 39 $1,887,136 22
Totals per Mile 2,488 48 2,745 32
Net earnings, 1900-01 (27.93 p. c.), $731,240.92; rentals, $3,807.50; adjustment of old
accounts, $455.73— total, $735,504.15. Payments: Taxes, $68,044.32; interest on bonded
614
POOR'S MANUAL OF RAILROADS— PACIFIC GROUP.
debt, $756,000; on floating debt, $123,027.92 ; deficit in hospital fund, $882.38; additions and
betterments $158,059.89— total, $1,106,014.51. Deficit for year, $370,510.36 ; deficit forward,
$2,858,175.35— total, $2,728,085.71.
The deficit fo* the year was advanced by the Southern Pacific Co., together with $95,-
098.93 for the redemption of equipment trust notes and for other purposes.
General Balance Sheet, June 30, 1901.
Cost of Road and Franchises $23,542,947 10
Additions, etc., since Jan. 1, 1893 041,06272
$24,184,009 82
Cash and Current Assets 316,96161
Deferred Assets 4,788 88
Contingent Assets 2,97044
Profit and Loss 2,728,68571
Total Assets $27,237,41646
Capital Stock ($100 shares) $5,000,000 00
Funded Debt (see below)..- 18,900,00000
Equip. Trust Notes ($587.09 monthly).. 19,01
Current Liabilities 617,(il!> 'Jl
Estimated Taxes, 6 months to June 30.. 34,000 00
Unclaimed Wages 2,0.">1 i,"i
Southern Pacific Co 2,663,784 01
Total Liabilities $27,237,416 46
Funded Debt consists of 1st gold 4s of Jan. 1, 1943. The authorized issue is $21,600,000, the unissued
balance being reserved for extensions limited to 100 miles, at $27,000 per mile. The bonds are guaranteed,
both as to principal and interest, by the Southern Pacific Co., the guaranty being endorsed on each bond.
Directors.— Wm. D. Cornish, New York, N. Y.; M. D. Monserrate, E. J. Martin, A. W.
Houston, J. W. Terry, Thomas B. Palfrey, R. H. Innes, Reagan Houston, San Antonio,
Tex.; William Berry, Yoakum, Tex. OFFICERS: WM. D. CORNISH, Pres., New York, N. Y. ;
M. D. Monserrate, Vice-Pres. & Gen. Mgr. ; Reagan Houston, Sec. ; E. C. Tarrant, Treas.;
J. W. Terry, Auditor, San Antonio, Tex. GKNERAL OFFICES, Maverick Bank Building, San
Antonio, Tex., and 120 Broadway, New York, N. Y.
ALAMEDA AND SAN JO AQT7IN RR.— Stockton to Tesla, Cal., 36.10 m. ; total track (steel ; 62 Ibs.),
42.10 miles. Gauge, 4 ft. 8i in. Organized May 1, 1895; road completed July 1, 1896. Operated principally for
hauling coal. Locomotive?, 2. Freight cars (box, 18; flat, 40; coal, 20), 78.
Operations, year ending June 30, 1901.— Earnings (passenger, $1,047; freight, $152.656; other, $480),
$154,183. Operating expenses (including taxes and interest on floating debt), $110,204. Surplus, $43,979- deficit
forward, $-1,018; net surplus, $39,361.
Directors.— J. Dalzell Brown, James Tread well, W. J. Bartnett, John Treadwell, B. M. Bradford. San
Francisco, Cal. OFFICERS: JAMES TREADWELL, Pres.; W. J. Bartnett, \1ce-Pres.; B. M. Bradford, Sec.; J. Dal-
zell Brown, Treas., San Francisco, Cal. GENERAL OFFICE, San Francisco, C'al.
ARC AT A AND MAD RIVER RR.—Arcata Wharf to Korbel, Cal., 14 m.; Korbel to and along Mad
River, 5.25 m.-total, 19.25 m.; total track (steel, 17.5 m.), 23.0 miles. Gauge, 3 ft. 9i in. Rail. 30, 35, and 40 Jbs.
Organized Dec. 29, 1881; road opened as above in 1893. Locomotives, 6. Cars— passenger, 2; freight (box, 3;
flat, 160), 163; service, 22— total, 187.
Operations not reported ; for latest statement see MANUAL for 1901 , page 649.
Financial Statement, June 30, 1900 (latest rendered).— Capital stock paid in ($300,000 anth. ; $20 shares),
$187,740; loans and bills payable, $12,351; wages and salaries, $501— total, $200,592. Contra: Cost of road,
$157,799; equipment, $39,561; water works, $1,775; lands owned, $16,669; cash, $43; other assets, $3,703- total,
$219,551.
Directors. — F. Korbel, A. Korbel, J. Korbel, Anna Korbel, Therese Korbel, San Francisco, Cal. OFFICERS :
F. KORBEL, Pres.; J. Korbel, Sec. <& Treas., San Francisco, Cal.; V. Zaruba, Supt., Arcata, Cal. GENERAL
OFFICE, 723 Bryant St., San Francisco, Cal.
ARIZONA AND NEW MEXICO RY.— Lordsburg, N. M., to Clifton, Ariz., 71 m.; total track
(steel; 50 Ibs.), 76 miles. Gauge, 4 ft. 8J in. Consolidation, Aug. 1, 1883, of the Clifton and Lordsburg and the
Clifton and Southern Pacific RRs. Built by the Arizona Copper Co. for the purpose of hauling coke, supplies,
and copper from its mines. (See MANUAL for 1884, page 990.) Locomotives, 15. Cars— passenger, 2; freight
(box, 16; flat, 29; coal, 83; oil-tank, 6), 134; other, 7— total, 143.
Operations, year ending June 30, 1901.— Gross earnings (passenger, $53,804; freight, $611.472; other.
$1,610), $669,886. Operating expenses, $221,231. Net earnings, $448,655. Total deductions, $85.612. Surplus,
$363,043.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock, $1,500,000; funded debt (1st
6s of May 1, 1896), $1,294,533; accounts, $22,892; accrued interest, $12,945; profit and loss, $152,047— total,
$2,982,418. Contra: Cost of road, etc., $1,605.858; materials, etc., $55.507; accounts and cash. $41.384; otlior
assets, $1,279,669— total, $2,982,418. The bonds are guaranteed by the Arizona Copper Co., and are subject
to redemption out of sinking fund accumulated by that company.
Directors.— James Colquhoun. M. J. Egan, J. G. Hopkins, J. D. A. Smith, L. Fraissinet, Murray Innes,
Clifton, Ariz.; Joseph A. Leahy, Benj. Titus, Lordsbnrg, N. M. OFFICERS: JAS. COLQIHOIN. /'/>.--.,• M. Innes,
Vice-Pres.; T. Thomson, Treas.; H. J. Simmons, Supt., Clifton, Ariz. GENERAL OFFICE, Clifton Ariz.
ARIZONA AND UTAH RY.— Projected : McConnico to White Hills, Ariz., 50 miles,
June 30, 1900; McConnico to a point 3.5 m. beyond Chloride, Ariz., 25m.; trackage, S. F. P. RH.Co. ; McC'omiioo
to Kingman, 4.25 m.— total operated, about 29.25 miles. Sidings, about 1.5 miles. Gauge, 4 ft. 8jm. Kail (steel,
26.5 m.), 56 Ibs. Chartered April 10, 1899; road opened to Chloride. 21.5 miles, on April Hi. 1S99: a>
April 25,1900. Locomotives. 2. Cars— passenger, 1 : freight (box, 4 ; flat, 3; refrigerator. It. 8- total cav-
Operations, year ending Jnne 30, 1901.— Earnings (passenger, $7,668; freight. $22.735: other, $258),
$30,661. Operating expenses, $22,263. Net earnings, $8,398. Total deductions, $20,040. Deficit, $11,642.
POOR'S MANUAL OF RAILROADS. 615
Financial Statement, June 30, 1901.— Capital stock ($600,000 auth.; $100 shares), $467,000. Funded
1st Os of April 1, 1929), $334.000. Authorized issue of bonds, §600,000. A sinking fund is provided which
will retire1 lit 110 one p. c. of the bonds semi-annually, beginning* June 1, 1903; drawings by lot.
Directors (elected March 12, 1903).— P. L. Underwood, II. A. James, 8. B. McConnico, R. H. Eggleston,
New York. N. Y.: T. B. Oomstock. Los Angeles, Oal. OFFICERS: F. L. UNDERWOOD, Pres.; S. B. McConnico,
<t. ,(• Gen. Mr/r.: R. II. Eggleston, Sec. * Treat., New York, N. Y.; N. W. Tarr, Supt., Kingman, Ariz.
\\. OFFICE, 31 Nassau St., New York, N. Y.
ASTORIA AND COLUMBIA RIVER RR.—Goble to Seaside, Ore., 78.6 m.; Warrenton to Fort
Stevens, Ore., 3.4 in.; trackage, N. P. Ry., Goble to Portland, Ore., 39.5 m.— total (owned, 82 m.), 121.5 m.; total
I rack owned (steel; 40, 50, 56, and 75 Ibs.), 94.9 miles. Gauge, 4 ft. 8^ in. Chartered April 4, 1895; road opened
throughout, May 17, 1898. Locomotives, 8. Cars — passenger, 20; baggage, mail, and express, 5; freight (box, 52;
Hat, 105), 157— total, 182.
Operations, year ending June 30, 1901.— Trains run (passenger, 166,581; freight, 31,200; mixed, 32,448),
280,229 miles. Passengers earned, 297,376: carried one mile, 20,588,942. Tons freight moved, 72,644; ton-miles,
M). Earnings (passenger, §126,000; freight, $81,322; other, $25,103), $232,425. Operating expenses,
:.S. Net earnings, $84,487; other receipts, $100— total, $84,587. Payments: Interest on bonds, $131,200;
"\033; rental, $24,466; other charges, $119— total, $163,818. Deficit, $79,231; deficit forward, $323,953—
total, *403,184.
O-eneral Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $1,619,000: funded debt (1st 4s of
1997-9!)), $3,280,000; current liabilities, $20,511; interest accrued. $361,105; other liabilities, $75,769— total,
•5,356,385. Contra: Cost of road and equipment, $4,894,687; materials, etc., $28,826; cash and current assets,
jttlUi-N; profit and loss, $403,184 -total, $5,356,385.
Directors.— A. B. Hammond, Charles F. Beebe, Portland, Ore.; C. W. Fulton, F. D. Kuettner, T. H.
Curtis, Astoria, Ore. OFFICERS: A. B. HAMMOND, Pres.; Wm. G. Gosslin, Sec., Portland, Ore.; T. H. Curtis,
Treat.; F. D. Kuettner, Aud., Astoria, Ore. GENERAL OFFICE, Astoria, Ore.
BELLINGHAM BAY AND BRITISH COLUMBIA RR.-Whatcomto Sumas, Wash., 23.32 m. ;
Sumas to Maple Falls, 13.71 m.; branches and spurs, 4.85 m.— total, 41.88 m.; total track (steel; 50, 56. and 60 Ibs.),
46.24 miles. Gauge, 4 ft. 8i in. Chartered May 3, 1883; road opened to Sumas in 1891. The extension to Maple
Falls, 13.71 miles was opened in 1901, and a further extension of about 12 miles, up the North Fork of the Nook-
sack River, is under construction. Locomotives, 5. Cars— passenger, 4; freight (box, 9; stock, 1; flat, 46;
log, 34), 90; service, 4— total, 98.
Operations, year ending June 30, 1901.— Passengers carried, 24,874; carried one mile, 591,972. Tons
freight moved, 115,333; ton-miles, 1,257,138. Earnings (passenger, $21,139; freight, $67,446; other, $3,812),
$92,397. Operating expenses, $56,845. Net earnings, $35,552; other receipts, $1,381— total, $36,933. Paid taxes,
$3,280. Surplus, $33,653.
Q-eneral Balance Sheet, June 30, 1901.— .Capital stock ($100 shares), $1,000,000; current liabilities,
§514.298; other liabilities, $171,800— total, $1,716,098. Contra: Cost of road and equipment, $1,192,001; invest-
ments, $25,131; material, etc., $4,709; bills receivable, $28,800; current accounts, $195,482; other assets, $2,157;
profit and loss, $267,818— total, $1,716,098.
Funded Debt.— On Dec. 2, 1901, the company executed a mortgage, covering its entire property, in favor
of the Mercantile Trust Co. of San Francisco, Cal., to secure an issue of $1,000,000 1st mtge. sinking fund 5 p. c.
gold bonds maturing Dec. 1, 1932. There have been issued $500,000 of these bonds, and the remaining $500,000
are reserved in escrow to be issued for future extensions at not exceeding the rate of $15,000 per mile, it being
provided that these reserved bonds can be issued only when the net earnings of the road for the preceding year
shall have been equal to at least double the interest on all bonds then outstanding and on those proposed to be
issued. There is provision for a sinking fund, commencing Dec. 1, 1911, of 3 p. c. of the bonds then outstanding,
to be applied to the purchase and cancellation of the bonds or to be invested in other securities approved by the
laws of California for the investmeiat of trust funds.
Directors. -P. B. Cornwall, A. Hayward, S. P. Smith, H. H. Taylor, J. P. Hopkins, Frank G. Dunn, San
Francisco, Cal.: D. O. Mills, New York, N. Y. OFFICERS: P. B. CORNWALL, Pres.; B. P. Smith, Vice-Pres. &
Trecis.; J. P. Hopkins, Sec., San Francisco, Cal.; J. J. Donovan, Supt., New Whatcom, Wash. GENERAL OFFICE,
San Francisco, Cal.
BELLINO-HAM BAY AND EASTERN RR. -New Whatcom to Lake Whatcom, Wash., 2.4 m.;
Woodlawn to Mannings, Wash., 3.8 m.— total, 6.2 m. ; total track (steel; 40 and 56 Ibs.), 7.45 miles. Gauge, 4 ft.
8i in. Chartered Dec. 17, 1891; road from New Whatcom to Lake Whatcom opened June 8, 1892; Woodlawn to
Mannings, Aug. 1, 1896. The company has trackage rights over the Great Northern Ry., from Kentucky June,
to Whatcom June., 3.14 miles. Locomotives, 2. Cars— freight (sjondola, 5; coal, 29), 34; caboose, 1 ; logging,
20— total, 55. Also 1 steamer and 2 barges. This company refuses all information; that contained herein is
repeated from the MANUAL for 1898.
General Balance Sheet, June 30, 1897 (latest rendered).— Capital stock ($100 shares), $100,000; bills
payable, $124.828; current accounts, $18,073; profit and loss, $24,550— total, $267,451. Contra: Cost of road, etc.,
1174,932; materials, etc., $485; bills receivable, $86,870: current accounts, $4,434; cash, $730— total, $267,451.
Directors.— Peter Larson, John T. Murphy, Helena, Mont.; J. J. Donovan, J. A. Kirkpatrick, J. H.
Bloe.del, New Whatcom, Wash. OFFICERS: PETER LARSON, Pres., Helena, Mont. ; J. J.Donovan, Vice-Pres.,
Treas. <& Gen. Supt.; J. A. Kirkpatrick, Sec. & Aud., New Whatcom, Wash. GENERAL OFFICE, New What-
com, Wash.
BOISE, NAMPA AND OWYHEE RY.— Nampa to Murphy, Id., 31 m.; total track (steel; 52 and
60 Ibs.), 31.75 miles. Gauge, 4 ft. 8$ in. Chartered Feb. 7, 1896: road opened from Nampa to Guffey, Id., 24 m.,
on March 16, 1897 ; extended to Murphy, Id., 7 m., on Aug. 24, 1899. Locomotives, 2. Cars— freight (box, 4 ;
flat, 6), 10— total, 12.
Operations, year ending June 30, 1901.— Earnings (passenger, $13,763; freight, $22,607), $36,370. Operating
expenses, §21.082. Net earnings, $15,288; other receipts, $908— total income, $16,196. Total deductions, $2,358.
Surplus, $13,838.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock paid in ($1,000,000 auth.; $100
shares), §335,900; current liabilities, $7,833; profit and loss, $5,058— total, $348,797. Contra: Cost of road and
equipment, 8343,017: cash and current assets, $5,780— total, $348.797. Stock all owned by president of company.
Directors.— W. H. Dewey, E. II. Jennings, Pittsburgh, Pa.; E. H. Dewey, Nampa, Id.; W. E. Borah,
R. E. Green, T. Regan, Boise, Id.; Howard Sebree, Caldwell, Id. OFFICERS: WM. H. DEWEY, Pres.; E. H.
Dewey, Vice-Pres. & Gen. Mqr.; W. J. McClelland, Aud. & Gen. Traffic Mgr.; J. M. Clark, Supt. & Chief Eng.,
Nampa, Id. GENERAL OFFICE, Nampa, Id.
BTJCKSPORT AND ELK RIVER RR.— Bucksport to Folks Mill, Cal., 8.5 miles. Gauge, 4 ft. 8* In.
Rail (steel), 50 Ibs. Chartered July 25, 1884; road opened Jan. 1, 1886. This is a logging road. Locomotives, 2.
Cars — flat, 8; losrging, 29 —total, 37. Only 1 locomotive and 20 cars are in service.
Operations, year ending Dec. 31, 1901.— Earnings (freight), $19,045. Operating expenses, $4,988. Net
616 POOR'S MANUAL OF RAILROADS— PACIFIC GROUP.
earnings, 814.057; other receipts, $1,495— total, $15,552. Paid taxes, $606; dividends, $7,500— total, 88,106
Surplus. $7,446; surplus forward, $12,500— total, 819,947.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock ($500,000 auth.; $100 shares),
$230,000; current liabilities, $1,004; profit and loss, §5,261— total, $215,543. Contra: Cost of road and equipment
8221,464; real estate, 82,090; cash and current assets. $7,455— total, $245,043.
Directors.— Wm. Carson, Josiali Bell. J. M. Carson, Eureka, Cal. J. R. Hanify, A. C. Hoc;
Francisco, Cal. OFFICERS: WM. CARSON, Pte,-.; J. M. Carson, Treat.; Josiah Bell, Sec. & Gen. Mgr., Eureka,
Cal. GENERAL OFFICE, Eureka, Cal.
CALIFORNIA EASTERN RY.— Projected : Blake, Cal.. to Goode Springs. Nev.. 80 miles. Com
pleted up to June 30, 1901 : Blake to Manvel, Cal., 29.44 m.; total track (steel; 52 Ibs.), 29.94 miles. Gauge. 4 ft
81 in. Successor, April 20, 1896, to the Nevada Southern Ry. Co. (sec MANUAL for 1895, page 298). Locomotive. 1.
Passenger car, 1. Other equipment is rented as needed.
Operations, year ending June 30, 1901.— Trains run (mixed), 9,360 miles. Passengers carried. 2.441; car-
ried one mile, 71,863. Tons freight moved, 3.517 ; ton-miles, 103,540. Earnings (passenger. $5.856 ; freight,
$13,687; other, §1,494), §21,037. Operating expenses, §15.085. Net earnings, §5.952; other receipts, $-i:
total, $51,459. Payments: Taxes, $1,024; construction, $41,322; floating debt, $4,039— total. $46,385. Surplus,
$5,075; surplus forward, §179— total, $5,254.
General Balance Sheet, June 30, 1901.— Capital stock (§100 shares), $588,800; funded debt (1st 5s of
July 1, 1921), $441,000; notes payable, $45,000; profit and loss, $1.676— total. $1,076,376. Contra: Cost of road
and equipment, $330,976; construction not completed, $41,322; cash on hand, $5,254; securities issued in excess
of cost of road and equipment, $698,824— total, 81,070,376.
Cal.; L. C. Deming, Sec.. New York, N. Y. GENERAL OFFICE, Los Angeles, Cal.
CENTRAL ARIZONA RY.— Flagstaff to Mogollon, A. T., 11 miles. Rail, 56 Ibs. Gauge, 4 ft. 81 in.
Successor to the Arizona Mineral Belt RR.; sold under foreclosure Dec. 4, 1888 (see MANUAL for 1888. page 903).
Since the foreclosure the road has been operated by the Arizona Lumber and Timber Co. The rails, etc.. of the
lower 25 miles of the road, from Mogollon to Fulton, were sold in 1894 to the Santa Fe, Prescott and Phoenix RR.
Co. OFFICERS: T. A. RIORDAN, Pres.; F. W. Sisson, Treas.; M. J. Riordan, Sec., Flagstaff, A. T. GENERAL
OFFICE, Flagstaff, A. T.
COLUMBIA RY. AND NAVIGATION CO.-Projected : Crate's Point to Columbus, Wash.,
22 m., with branches from Columbus, Wash., to Malheur Lake, Ore., 160 m., and from Crate's Point to White
Salmon Valley, Wash., 24 m.— total, 206 miles. Completed up to Jan. ], 1902: Columbus, westward, 3 miles.
Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Original charter, Dec. 9, 1888; amended Jan. 28, 1890. Constructive
operations suspended. The road will connect the navigable waters of the upper Columbia and Snake Rivers in
Washington, Oregon, and Idaho with the lower Columbia River and tide-water. The completed section has
never been operated. Capital stock paid in (§2,000.000 auth.; §100 shares), §495,000. Funded debt outstanding,
$300,000 ($1,000,000 auth.) 1st mtge. 6 p. c. 4(!-yr. gold bonds, due June 1, 1931. Cost of road, etc.. §495.000.
Directors.— Paul F. Molir, Victor K. McElheney, Francis P. Lowry, New York, N. Y.; David K. Stevens,
W. D. Tyler, Tacotna, Wash. OFFICERS: PAUL F. MOHR, Pres., New York, N. Y.; David K. Stevens, Fid
Tacoma, Wash.; Francis P. Lowry, Set. ; Victor K. McElheney, Asst. Sec., New York, N. Y. GENERAL OFFICE,
Tacoma, Wash. New York Office, 44 Broadway.
COLUMBIA SOUTHERN RY.— Projected: Biggs to Prineville, Ore., 127 m.; Shaniko to Canyon
City, Ore., 90 m.— total, 217 miles. Completed up to Jan. 1, 1902: Biggs to Shaniko, Ore., 69.49 m.; Hay Canon
Spur, 0.60 m.; total, 70.09 m.; trackage, O. RR. & N. Co. at Biggs, Ore., 0.51 m.— total operated, 70.6 m.;
total track owned (steel; 56 Ibs., 65.25 m.), 74.58 miles. Gauge, 4 ft. 81 in. Chartered March 4. 1897; road opened
from Biggs to Wasco, 9.5 m., on Oct. 6, 1897; extension from Wasco to Moro, 20 m.. opened Jan. 13, 1899; Moro
to Grass Valley, 11.5 m., on March 27, 1900; Grass Valley to Shaniko, 31 m., May 13, 1900. Locomotives, 3.
Cars — passenger, 3; baggage, etc., 1; freight (box), 2— total cars, 6.
Operations, year ending Dec. 31, 1901.— Trains run (freight, 15.019; mixed, 51,100). 66,119 miles. Passengers
carried, 22,812; carried one mile, 693,756. Tons freight moved, 76,393; ton-miles, 2,246,081 . Earnings (passenger,
§27,606; freight, $119,068; other, §7,080), §153,754. Operating expenses, §86,129. Net earnings. §67,025; other
receipts, $675— total, §68,300. Payments: Interest on bonds, $35,000; taxes, §3.318— total, §38,318. Surplus,
§29,982; surplus forward, §24,309— total, §54,29!.
General Balance Sheet, Dec. 31, 1901.— Capital stock (§100 shares), $300,000; funded debt (1st 5s of
Dec. 1, 1948), §700,000; current liabilities, §32.263; accrued taxes, §2,737; accrued interest, §2,917; profit and loss,
§54,291 -total, §1,092,210. Contra: Cost of road and equipment, $1,036,363; materials, etc., §12,059; cash and
current assets, §43,788— total, §1.092,210.
Directors.— E. E. Lytle, May Enright, J. H. Page, Henry Hahn, Portland, Ore.; W. H. Moore, Moro, Ore.
OFFICERS: E. ,E. LYTLE, Pres. & Gen. Mar.; May Enright, Sec., Portland, Ore.; W. H. Moore, Treas.; D. J.
Harris, Supt., Shaniko, Ore.; E. B. De Yoe, Aud., Portland, Ore. GENERAL OFFICE, Portland, Ore.
COLUSA AND LAKE RR.—Colnsa to Sites, Cal. ,22m.; total track (steel ; 30 and 35 Ibs.). 24..') mil- -
Gauge, 3 ft. Consolidation, Nov. 27, 1888, of the Colusa and the Colusa and Lake RR. Cos. (See MANIAI. l»i
1890, page 603.) Locomotives, 3. Cars— passenger, 3 ; baggage, etc., 2 ; freight (box, 4 ; flat, 24), 28— total cars. ::•;;.
Operations, year ending June 30, 1901.— Trains run (freight, 800; mixed, 23,600), 24,400 miles. Passengers
carried, 9,400; carried one mile. 104,800. Tons freight moved, 17,800; ton-miles. 230,000. Earnings (passenger,
$7,K50; freight, $14,279; other, $1,745). $23,875. Operating expenses, $12,210. Net earnings, $11,666. Payments:
Intereston bonds, $3,960; taxes, $732; dividends (3 p. c.), $3,015 — total, $7,707. Surplus, $3,958; surplus forward,
§30,535— total, $34,493.
General Balance Sheet, June 30, 1901.— Capital stock ($400,000 auth.; $100 shares), $100,500; funded
debt (trust 6s, of April 1, 1907), $f>6,000; profit and loss, $34,493— total, §200,993. Contra: Cost of road and equip-
ment. jsl98.0-.jl ; cash on hand, §2,972— total. $200,993.
Directors.— W. P. Harrington, J. W. Goad, E. A. Harrington, Geo. Hagar, Chas. Richardson, J. Morris
Jones, T. Harrington, Colnsa. Cal.; P. Peterson, Sites, Cal.; J. H. Roberts, Sacramento, Cal. OFFICERS : W. P.
HARRINGTON, Pres.; J. W. Goad, Vice-Pres.; Colusa Co. Bank, Treas.; T. Harrington., Sec.; M. E. Burrows,
Gen. Supf., Colusa, Cal.
CONGRESS CONSOLIDATED MINES CO., LTD., RR.-Congress to Congress Junction,
Ariz., 6 mites. Road opened July 1. 1896. Owned by the Congress Consolidated Mines Co., Ltd.; no separate
organization. Locomotives, 2. Cars— passenger, 1; freight (flat), 1. OFFICERS OF CONGRESS CONSOLIDATED
POOR'S MANUAL OF RAILROADS. 617
MINES Co., LTD.: E. B. GAGE, Pres., Congress, Ariz.; F. M. Murphy, Vice-Pres., Prescott, Ariz.; A. N. Gage,
.svc. a- Tn as.; G. W. Dietz, Asst. Treas.; W. F. Staunton, Supt., Congress. Ariz. GENERAL OFFICE,
Congress, Ariz.
COOS BAY, ROSEBURG AND EASTERN RR. AND NAVIGATION CO.-Projected :
Marshfleld, Ore., to Koseburg, Ore., 88.1 miles. Completed, Jan. 1, 1902 : Marshfield to Myrtle Point, Ore., 25.86
m.; Heaver Hill June, to Beaver Hill, 1.89 m.— total, 27.75 m.; total track (steel: 65 Ibs.), 31.46 miles. Gauge, 4
ft. 8} in. Chartered in June, 1890; road opened to Myrtle Point in Aug., 1893; spur completed Aug. 22, 18i)4.
Ext vision from Myrtle Point to Roseburg, 62.5 m., was permanently located in Sept., 1893. The road is in the
bauds of a receiver. Locomotives, 3. Cars— passenger, 2 ; freight (box, 6; flat, 24 ; logging, 12 ; coal, 20), 62—
total, 64.
General Balance Sheet, June 30, 1897 (latest rendered).— Capital stock ($100 shares), $2,000,000 ;
funded debt (1st 6s of April 1, 1921), §625,000; matured interest coupons unpaid, including coupons due July 1,
1897, $155,310; accrued interest not yet payable, $6,250— total, $2,786,590. Contra: Cost of road, $625,000; capi-
tal stock (nominal issue) owned and controlled by corporation and its promoters, $2,000,000 ; profit and loss,
1161,590— total, ^',T«6,590.
Directors.— T. R. Sheridan, Roseburg, Ore.; J. W. Bennett, R. A. Graham, F. N. McLean, J. B. Hassett,
O. J. Seeley, F. J. Denevue, Marshfleld, Ore. OFFICERS : W. S. CHANDLER, Receiver, Marshfield, Ore.; T. R.
SHERIDAN, Pres., Roseburg, Ore. ; J. W. Bennett, Vice-Pres.; J. B. Hassett, Sec., Treas. & Aud., Maruhfleld, Ore.
GENERAL OFFICE, Marshfleld, Ore.
CORONADO RR.— Coronado to San Diego, Cal., 20.26 in.; Coronado to Hotel del Coronado (electric),
141 m. ; branches, 5.50 m.— total, 27.20 m. ; total track (steel ; 45 Ibs.), 32.80 miles. Gauge, 4 ft. 8$ in. Chartered
April 7, 1886, and road completed as above, Dec. 31, 1888. Locomotives, 7. Cars— passenger, 19 ; baggage, etc.,
2 ; freight (flat, 32 ; coal, 8), 40 ; tank, 3— total, 64.
Operations.— All information Defused; for latest statement, see MANUAL for 1901, page 652.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock (§100 shares), §500,000 ; current
liabilities, $123,68(5 ; profit and loss, $318,774— total, $947,460. Contra : Cost of road and equipment, $865,155 ;
materials, etc , $11,160 ; cash and current assets, $71,145 — total, $947,460.
Directors.— John D. Spreckels, San Francisco, Cal.; E. S. Babcock, C. T. Hinde, Geo. L. Fitzhugh, Coro-
nado, Cal ; Jos. A. Flint, San Diego. Cal. OFFICERS : E. S. BABCOCK, Pres., Coronado, Cal.; John D. Spreckels,
Vice-Pres., San Francisco, Cal.; Wm. Clayton, Sec., Treas. & Aud.; A. E. Babcock, Supt., Coronado, Cal.
GENERAL OFFICE, Coronado, Cal.
CORVALLIS AND EASTERN RR.— Yaquina to Idahua, Ore., 142 m. ; total track (steel, 150 m.),
155 miles. Gauge. 4 ft. 8i in. Rail— iron, 36; steel, 50 and 56 Ibs. This company operates a line of steamboats on
the Willamette Kiver, between Portland and Corvallis, in connection with its railroad lines. Chartered Dec. 15, 1897,
to build a line from Yaquina Bay to the Snake River in Malheur County, Ore., with a branch from near Prineville
through Lake County into California. Purchased the property of the Oregon Central and Eastern RR., owning
the completed road from Yaquina to Idahua, Ore., 142 miles. (See MANUAL for 1897, page 263.) Locomotives,
10. Cars— passenger, 6 ; baggage, etc., 3 ; freight (box, 210 ; flat, 79), 289 ; service, 6— total, 304.
Operations, year ending June 30, 1901.— Trains run (passenger, 1,042; mixed, 90,181; other, 11,700),
102,9i3 miles. Passengers carried, 43,375 : carried one mile, 1,248,127. Tons freight moved, 115,488 ; ton-miles,
2,542,833. Earnings (passenger, $36,668 ; freight, $64,944 ; other, $13,002), $114,614. Operating expenses, §80,903.
Net earnings, $33,651. Payments: Interest on bonds, §56,400; taxes, $4,786— total, §61,186. Deficit, $27,535;
deficit forward, 8101,473— total, $129,008.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), §1,410,000; funded debt (1st 4s of
Feb. 1, 1998). §2,115,000; current liabilities, $62,891 ; interest accrued, §192,700— total, $3,780,591. Contra: Cost of
road and equipment, $2,915,247; bonds in treasury, $705,000 ; materials, etc., $20,494; cash and current assets,
$10,812 ; profit and loss, $129,008— total, $3,780,591.
Directors.— A. B. Hammond, Portland, Ore.; J. K. Weatherford, C. Sullivan, Albany, Ore. OFFICERS :
A. B. HAMMOND, Pres., Portland, Ore.; T. H. Curtis, Treas.; Edwin Stone, Sec., Albany, Ore.; F. D. Kuettner,
Aud., Astoria, Ore. GENERAL OFFICE, Albany, Ore.
EEL RIVER AND EUREKA RR.— Eureka to Burnells, Cal., 25 m.; total track (steel ; 501be.), 30
miles. Gauge, 4 ft. 8J in. Chartered Nov. 14, 1882 ; road opened throughout, July 6, 1885. Locomotives, 3.
Cars— passenger, 9 ; baggage, etc.. 2 ; freight (box, 12 ; stock, 2; flat, 26), 40— total, 51.
Operations, year ending June 30, 1901.— Trains run 58,100 miles. Passengers carried, 48,293; carried one
mile, 917,567. Tons freight moved, 125,523; ton-miles, 2,384,937. Earnings (passenger, $35,745 ; freight, $92,116 ;
other, $13,517), §141,378. Operating expenses, $88,562. Net earnings, $52,816. Payments : Interest on bonds,
$24,590 ; taxes, $4,747— total, $29,337. Surplus, $23,479 : deficit forward, $174,153 ; net deficit, $150,674.
General Balance Sheet, June 30, 1901.— Capital stock ($1,200,000 auth.; $100 shares), $480,000 ; funded
debt (1st 6s of Oct. 1, 1903 and 5s of Oct. 1, 1914), $462,000 ; current liabilities, $10,416— total, $952,416. Contra :
Cost of road and equipment, $752,424; materials, etc., $3,686; cash on hand, $45,632; profit and loss, $150,674—
total, $952,416.
CALIFORNIA AND NORTHERN RR.— Pro-
jected: Eureka to Crescent City, Cal., 98 miles.
Completed: Eureka to Arcata, Cal., 10 miles.
Gauge, 4 ft. 8J In. Rail (steel), 60 Ibs. Chartered
March 5, 1901; road completed as above In July,
1901. Leased to Eel River and Eureka RR. Co.,
after the close of the fiscal year 1900-01. Capital
stock, paid In to Jan. 23, 1902 ($2,500,000 auth.;
$100 shares), $230,300, all of which has been ex-
pended. Estimated cost of road t(o completion,
$2,500,000. John L. Koster, Pres.; P. N. Lllien-
thal, Vice-Pres. ; Anglo-Callfornian Bank, Treas. ;
Chas. S. Neal, Sec., San Francisco, Cal. Office,
San Francisco, Cal.
Directors (E. R. & E. RR. Co.).— John M. Vance, William Carson, J. M. Carson, J. N. Gillett, H. P.
Vance, T. R. Lever, Eureka, Cal.; John Dolbeer, San Francisco, Cal. OFFICERS : JOHN M. VANCE, Pres. & Gen.
M(jr.; William Carson, Vice-Pres.; Humboldt County Bank, Treas,; T. R. Lever, Sec., Eureka, Cal. GENERAL
OFFICE, Eureka, Cal.
EUREKA AND KLAMATH RIVER RR.— Samoa to Camp 5, Cal., 17.55 m.; Arcata towards
Eureka, Cal., 2.50 m. ; six logging spurs. 6.66 m.— total, 26.71 m. ; total track (steel), 28.18 miles. Gauge, 4 ft.
by 20 logging
and 25 flat cars. The company also owns 2 freight and passenger steamers and 4 scows.
Operations, 10 months ending June 30, 1901. —Passengers carried, 28.662; carried one mile, 429,930. Tons
freight moved, 80,690; ton-miles, 1,331,385. Earnings (passenger, $13,336; freight, §52,844; other, §2.813), $68,993.
Operating expenses, §44,447. Net earnings, §27,546. Payments: Taxes, §1,446; other charges, $600— total, $2,046.
Surplus, $25,500.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000; current liabilities, $92,534;
profit and loss, $25,500— total, §618,034. Contra: Cost of road and equipment, $590,312; materials, etc., $9,549;
cash and current assets, $18,173— total, $618,034.
618 POOR'S MANUAL OF RAILROADS— PACIFIC GROUP.
Directors.— A. B. Hammond San Francisco, Cal.; G. W. Fenwick, W. G. Gosslin, E. H Vance S A
Vance, Eureka, Cal. OFFICERS: A. B. HAMMOND, Pi-es., San Francisco, Cal ; C. H McLeod Treat • G W
Fenwick, Sec.; H. Trinwith, Aud., Eureka, Cal. GENERAL OFFICE, Eureka, Cal.
EUREKA AND PALISADE RR.— Palisade to Eureka, Nev., 84 m.; total track (steel, 70 m.), 86 5
miles. Gauge, 3 ft. Rail, 30 and 35 Ibs. Organized Nov. 19, 1873 ; road opened Sept., 1870. Receiver appointed
June 13, 1900. Locomotives, 5. Cars— passenger, 2 ; baggage, etc., 3 ; freight (box, 21 ; stock, 6- flat 71 • coal
8), 106 ; service, 1— total, 112.
Operations, year ending June 30, 1901.— Trains run (passenger, 336 ; mixed, 25,255 ; other, 4,127), 29,718
miles. Passengers carried, 1,813 ; carried one mile, 134,606. Tons freight moved, 12,585 ; ton-miles, 1.024,920.
Earnings (passenger, $8,452 ; freight, $46,693 ; Other, $8,669), $68,814, Operating expenses, $41,101. Net earnings,
$17,713 ; other receipts, 87.830— total, 185.640. Payments : Interest on bonds accrued, §70,000 ; taxes, $4,897—
total, J74,897. Deficit, $49,348; deficit forward, $286,089— total, $335,277.
ded debt (1st 7s of
id and equipment,
cash on hand, $35,083;
Directors.— M. L. Requa, S. Prentiss Smith, San Francisco, Cal.; H. M. Yerington, D. L. Bliss, W. D.
Tobey, Carson City, Nev.; G. D. Abbott, Eureka, Nev. OFFICERS : M. L. REQUA, Pres. & Rtc., San Francisco,
Cal.; G. D. Abbott, Supt., Aud. & Cavhitn-for Rec., Eureka, Nev. GENERAL OFFICE, Eureka, Nev.
HETCH-HETCHY AND YOSEMITE VALLEYS RY. OF CAL.-Projected : Carters to
Hetch-Hetchy and Yosemite Valleys, 75 m. ; branch from Nashton to Calaveras Big Trees, 25 in.; other branches,
25 m.— total, 125 miles. Completed up to June 30, 1901 : Carters, Cal., to Sec. 33 T 2 N. 17 E, 25 miles. Gausie, 3 ft.
6 in. Rail (steel), 40 Ibs. Chartered in 1900. This is a kindred corporation to the West Side Flume and Lum-
ber Co., of Carters, Cal., both corporations having the same set of olficers. The West Side Flume and Lumber
Co. owns about 50,000 acres of timber land, and has a saw mill plant at Carters. The railroad penetrates a country
rich in timber and in gold-bearing ledges. Connection is made at Carters with the Sierra Ry. of Cal. The company
Directors.— Wm. H. Crocker, Henry J. Crocker, T. S. Bullock, Chas. T. Gardner, W. Gregg, Jr., San
Francisco, Cal. OFFICERS: HENRY J. CROCKER, Pres.; W. Gregg, Jr., Vtce-Pres.; Chas. F. Gardner, Sec. &
Treas., San Francisco, Cal. GENERAL OFFICE, 175-178 Crocker Building, San Francisco, Cal.
INDEPENDENCE AND MONMOTJTH RY.— Independence to Monmouth, Ore., 2.5 miles.
Gauge, 4 ft. 8$ in. Rail (steel), 40 Ibs. Chartered in March, 1890 ; road opened Aug. 24, 1890. Locomotives. 2.
Cars— passenger, 3; freight (flat), 2— total, 5. This company does not furnish any financial information. Capital
stock paid in ($50 shares), $25,000.
Directors.— B. F. Smith, Lewisville, Ore.; A. Nelson, J. Dornsife, H. Hirschberg, D. W. Sears. Indepen-
dence, Ore. OFFICERS : H. HIRSCHBERG, Pres. ; D. W. Sears, Sec., Independence, Ore. ; B. F. Smith, Treat.,
Lewisville, Ore. GENERAL OFFICE, Independence, Ore.
IRON MOUNTAIN RY.— Keswick to Iron Mountain, Cal., 11 m.; total track (steel; 40 Ibs.), 16 miles.
Gauge, 3 ft. Chartered July 17, 1895 ; road opened Oct. 1, 1896. Locomotives, 5. Cars— freight (flat, 22 ; ore, 72),
94; caboose, 2— total cars, 96.
Operations.— All information refused; for latest statement, see MANUAL for 1901, page 653.
Financial Statement, June 30, 1900 (latest furnished).— Capital stock ($100 shares), $100,000. Contra:
Cost of road, $229,002; equipment, $54,655— total, $283,657.
Directors.— Charles P. Eells, M. M. O'Shaughnessy, San Francisco, Cal .; C. W. Fielding, London, Eng. ;
Lewis T. Wright, Keswick, Cal. OFFICERS : CHARLES P. EELLS, Pres.; H. L. Atkinson, Sec., San Francisco,
Cal.; F. E.Vivian Bond, Treas., New York, N. Y.; Lewis T. Wright, Gen. Mgr., Keswick, Cal. GENERAL
OFFICE, Mills Building, San Francisco, Cal.
LAKE TAHOE RY. AND TRANSPORTATION CO.-Truckee to Tahoe. Cal., 15m.; total track
(steel, 15 m.), 17 miles. Gauge, 3 ft. Rail, 35 and 40 Ibs. Chartered Dec. 19, 1898; road opened May 1, 1900.
Locomotives. 2. Cars— passenger, 3 ; baggage, etc., 1 ; freight (box. 3; flat, 61), (54— total, 68.
Operations (year ending June 30, 1901).— Earnings (passenger, $10,071; freight, S12.284). $22,355. Operat-
ing expenses, $14,814. Net earnings, $7,541 ; other receipts, $3,678-total, $11,219. Total deductions, $5,694.
Surplus, $5,524.
Directors.— D. L. Bliss, W. D. Tobey, M. L. Requa, W. D. Bliss. H. J. Knovvles, San Francisco, Cal.; C. T.
Bliss, Overton, Cal.; Duane L. Bliss, Jr., Tahoe, Cal.; one vacancy. OFFICERS: D. L. BLISS, Pres.; V,". I).
Tobey, Vice-Pres.; W. D. Bliss, Treas., San Francisco, Cal.; C. T. Bliss, Sec., Overtoil, Cal. GENERAL OFFICE,
San Francisco, Cal.
LOS ANGELES AND REDONDO RY.— Redondo to Los Angeles, Cal., 17.7m.; total track (steel ;
85 and 50 Ibs.), 24.31 miles. Gauge, 3 ft. Chartered as the Redondo Ry. Co., April 1, 1889 ; road opened April,
1890. Name changed April 20, 1896. On Aug. 1, 1902, this r.oad was being changed to an electric line, ami the
change was expected to be completed by Oct. 1, 1902. Under a traffic agreement with the Los Angeles Ry. the
company's cars will run to the centre of Los Angeles. Locomotives, 4. Cars— passenger, 22 ; freight (box, 16 ;
flat, 32 ; oil, 1), 49— total, 71.
Operations, year ending June 30, 1901.— Trains run (mixed), 54,077 miles. Passengers carried, 79,696;
carried one mile, 956,352. Tons freight moved, 20,193 ; ton-miles, 351.358. Earnings (passenger, $17.778; freight.
$23,773 ; other, 4fcHi642), $53,193. Operating expenses, $43,158. Net earnings, $10.035 ; other receipts, $714—
total, $10,749. Payments: Interest on floating debt, $2,139 ; taxes. $l,718-total, $3,857. Surplus, $6,892; surplus
forward, $28,301— total, $35,193.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $500,000; current liabilities. t78,108;
assessment on stock, $58,700 ; profit and loss, $35,193 -total, $670,002. Contra : Cost of road and equipment,
$554,124 ; securities owned, §2,100 ; land owned, $64,992; materials, etc., $6,902 ; cash and current assets, $37,795;
other assets, $4,089— total, $670,002.
Funded Debt. — To provide for the changing of this line into an electric railroad there were issued in
Jan., 1902, 1st. mtge. 5 p. c. 30-yr. bonds maturing Jan. 15, 1932, int Jan. 15 and July 15. Trustee : Union Trust
Co. of San Francisco, Cal.
Directors.— L. T. Garnsey. W. F. Botsford, Los Angeles. Cal.; Percy T. Morgan, San Francisco, Cal.: II.
B. Ainsworth, L. J. Perry, Redondo, Cal. OFFICERS : L. T. GARNSEY, Pref.. Los Angeles, Cal.; Percy T. Mor-
gan, Vlce-Pres., San Francisco, Cal.; H. B. Ainsworth, Sec. & Treas., Redondo, Cal. GENERAL OFFICE,
Redondo Beach, Cal.
McCLOUD RIVER RR.— Projected : Upton to Alturas, Cal., 125 miles. Completed up to June 30, 1901 :
Upton to McCloud, Cal., 18.32 m.; McCloud to Ash Creek, Cal., 12.31 m. ; main line extension to Bartles, 4.50
m.; Elk Lawn and Hemme Spurs, 11 m.— total, 46.13 miles. Gauge. 4 ft. 8$ in. Rail (steel), 56 Ibs. Chartered
POOR'S MANUAL OF RAILROADS. 619
Jan. 83, 1897; road opened as above in June, 1901. Locomotives, 9. Care— passenger, 1; freight (tank, 3; flat, 150;
box, 12), 105; service, 1— total, 167.
Operations, year ending June 30, 1901.— Passengers carried, 2,041; carried one mile, 38.173. Tons freight
•M>Ted.W),88»; moved one mile, 1,725,911. Earnings (passenger, $1,814; freight, $122,920; other. $162), $124,890.
Operating expenses, $83,081. Netearnings, $41,815. Payments: Interest on bonds, $10,770; other interest, $4,407;
-=1,433— total, $16,610. Surplus, $25,205; surplus forward, $7,471; additions for year, $250— total, $32,926.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $300.000; funded debt (1st 5s and
6s of April 1, 1917), $216,000; current liabilities, $258,174; profit and loss, $32,926— total, $867,100. Contra: Cost
of road and equipment, $835,150; materials and supplies, $28,016; current assets, $3,934— total, $867,100.
Directors.- W. W. Van Arsdale, Geo. W. Scott, Geo. M. Curtis, Walter Alexander, F. P. Hixon, San
Francisco, Cal. OFFICERS : GEO. W. SCOTT, Pres.; W. W. Van Arsdale, Vice-Pres. <k Gen. Mgr.; F. C.
Youngberg, Sec.; Crocker- Wool worth National Bank, Treas., San Francisco, Cal. GENERAL OFFICE, 93
Crocker Building, San Francisco, Cal.
MARICOPA AND PHCENIX AND SALT RIVER VALLEY RR.-Maricopa to Phcenii,
Locomotives, 4. Cars— passenger, 2; baggage, mail, etc., 2; freight (box, 9; flat, 10), 19— total, 23. Also 45 stock
cars leased.
Operations, year ending June 30, 1901.— Trains run (mixed), 43,535. Passengers carried, 42,020; carried
one mik', 949,535. Tons freight moved, 50,238 ; ton-miles, 1,321,141. Earnings (passenger, $55,034; freight, $91,-
572), $146,606. Operating expenses, $89,580. Net earnings, $57,025. Payments: Interest on bonds, .S36.300;
taxes, $5,055— total, $41,355. Surplus, $15,670.
Financial Statement, June 30, 1901.— Capital stock ($100 shares), $1,000,000; funded debt (1st 5s of Dec.
23, 1925), $725,000— total, representing cost of road, etc., $1,725,000.
Directors.— Francis Cutting, F. I. Kendall, Joseph H. Hasten, C. E. Graham, San Francisco, Cal.; S.
Oberfelder, Walter Talbot, Phoenix, A. T. OFFICERS: FRANCIS CUTTING, Pres.; Joseph M. Hasten, Vice-I'res.;
F. I.Kendall, Sec. & Treas., San Francisco, Cal.; L. C. Hasten, Auditor, Phoenix, A. T. GENERAL OFFICE,
Phoenix, A. T.
MILL VALLEY AND MT. TAMALPAIS SCENIC RY.— Hill Valley to summit of Ht. Tamal-
pais, Cal., 8.19 miles. Rail (steel), 57 Ibs. Gauge, 4 ft. 8i in. Chartered Jan. 16, 1896; road opened Aug. 26,
1896. The object of this road is to enable excursionists to reach the summit of Ht. Tamalpais. Locomotives
(geared), 3. Cars— passenger, 8; freight (flat), 2— total, 10.
Operations, year ending June 30, 1901.— Passengers carried, 30,332. Earnings (passenger), $26,263. Operat-
ing expenses, $15,028. Net earnings, $11,235; other receipts, $5,005— total, $16,240. Payments : Interest on-
bonds, $4,301 ; taxes, $719; other charges, $11,717— total, $16,737. Deficit, $497; surplus forward, $11,387; net
surplus, $10,890.
General Balance Sheet, June 30, 1901,-Capital stock ($200,000 auth.; $100 shares), $122,000; funded
debt (1st 5s of April 20. 1929), $100,000; current liabilities, $9,606; profit and loss, $10,890— total, $242,556. Contra:
Cost of road and equipment, $172,323; hotel, etc., $47,920; real estate, $9,326 ; materials, etc., $3,045; cash and
current assets, $5,942; sinking fund, $4,000— total, $242,556.
Directors.— S. B. dishing, San Rafael, Cal.: R. H. Wurfield, Daniel E. Hayes, Charles F. Runyon, Harry F.
Woods, W. C. B. de Fremery, C. de Guigne, San Francisco, Cal. OFFICERS: S. B. GUSHING, Pres. & Gen. Mgr.,
San Rafael, Cal.; R. H. Warfield, Vice-I'res.; First National Bank of San Francisco, Treas., San Francisco, Cal.;
Louis L. Janes, Sec., Mill Valley, Cal. GENERAL OFFICE, 508 California St., San Francisco, Cal.
MONTE CHRISTO RY.— Hartford to Honte Christo, Wash., 42.39 m.; total track (steel; 56 and 60
Ibs.), 40.93 miles. This is a reorganization of the Everett and Honte Christo Ry. Co. (see HANUAL for 1899, page
724). The section from Everett Junction to Snohomish, 11.42 miles, is now owned by the Northern Pacific Ry.
Co., but this company has trackage rights over it and over the Northern Pacific line between Snohomish and
Hartford. Total length of road operated, 65.28 miles. Gross earnings, 10 months ending June 30, 1901 (passenger,
$13.391; freight, $58,983; other, $2,298), $84,072; other income, $301— total, $84,973. Operating expenses, $137,844;
other charges, $4,136— total $140,980. Deficit, $57,007. OFFICERS : E. T. GATES, Pres., New York, N. Y.; F. H.
Brownell, Vice-Pres. ; E. L. Bailey, Treas.; J. V. Hayes, Sec., Everett, Wash.; E. V. Cary, Asst. Sec., New
York, N. Y. GENERAL OFFICE, Everett, Wash. Eastern Office, 26 Broadway, New York, N. Y.
NATCHES PASS RR.— Projected: Buckley, Wash., to Columbia River, 110 miles. Completed up to
June 30, 1901 : Buckley, Wash., east, 4.75 miles. Gauge, 4 ft. 8J in. Rail (steel), 56 Ibs. Chartered July 16, 1896,
and succeeded to the property, rights, and franchises of the White and Columbia Rivers RR. Co., which was char-
tered in Hay, 1893, but completed no railroad. Four miles of road were completed in Aug., 1896 ; extended
0.75 mile in Jan., 1899. The road is being built chiefly for logging purposes, but it is also intended to reach the
wheat fields of Eastern Washington and the Gold Hill mining district near the summit of the Cascade Hountains
(see HANUAL for 1897, page 844). Locomotives, 2. Cars (flat), 3. The Northern Pacific Ry. Co. furnishes the
cars, about 300 per month — 41 foot flat cars built for logging purposes. No statement of earnings furnished.
Financial Statement, June 30, 1901.— Capital stock ($100 shares), $15,000; funded debt (1st gold 6s of
Dec. 1, 1908), $25,000— total, representing cost of road, $40,000.
Directors.— Addison G. Foster, Angus HcDougall, Herbert S. Griggs, Geo. Browne, Tacoma, Wash.
OFFICERS: ANGUS HCDOUGALL, Pres.; Addison G. Foster, Vice-Pres.; J. J. Hewitt, Treas.; Geo. Browne,
Sec., Tacoma, Wash.; A. Jackson, Gen. Mgr., Buckley, Wash. GENERAL OFFICE, Tacoma, Wash.
NATIONAL CITY AND OTAY RR.— San Diego to Tia Juana, Cal., 18.7m.; Sweetwater June,
to La Presa, Cal., 8.2 m.— total, 26.9 m.; total track (steel; 30 and 40 Ibs.), 30.9 miles. Gauge, 4 ft. 8i in. Consoli-
dation, Oct. 12, 1888, of the National City and Otay and the Otay Ry. Cos. Road opened throughout on Hay
20, 1888. Locomotives, 5. Cars— passenger, 8; baggage, etc., 2
Operations, year ending June 30, 1901. — Trains run (
other, 810), 77,252 miles. Passengers carried, 102,546. Earn
$1,147), $35,038. Operating expenses, $36,605. Deficit, $1,517.
General Balance Sheet, June 30, 1898 (latest rendered).— Stock subscriptions, $506,040; accounts and
subsidies, $33.520— total, $539,560. Contra: Cost of road and equipment, $-157,701 ; materials, etc., $9,256; accounts
and notes, $27,737; cash, $987; income, $43,879— total, $539,560.
Funded Debt outstanding, June 30, 1901, consisted of $451,000 1st gold 6s of Dec. 12, 1933. A sinking fund
is provided through which the bonds may be drawn, upon 30 days' notice, at 110 and accrued interest, in Hay of
each year.
Directors.— B. P. Cheney, Charles D. Lanning, Walter L. Frost, Boston, Hass. ; John E. Boal, H. N.
Savage, E. A. Hornbeck, National City, Cal.; R. C. Allen, Bonita, Cal. OFFICERS: B. P. CHENEY, Pres.,
Boston, Hass.; John E. Boal, Vice-Pres., National City, Cal.; Charles D. Lanning, Treas. & Asst. Sec., Boston,
Mass.; E. A. Hornbeck, Sec. <& Asst. Treas., National City, Cal. GENERAL . OFFICE, 95 H ilk St., Boston, Hass.
Operating Oflice, National City, Cal.
620 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
NEVADA-CALIFORNIA-OREGON RY.— Projected: Reno, Nev., northerly through California
to eastward of Goose Lake, thence into Oregon, 220 miles. Completed up to June 30, 1901: Rnn>. Nev.,
to Termo, Cal., 129.57 m.— total track. 135.97 miles. Gauge, 3 ft. Rail (steel, 103.07 m.). 40 Ibs. Formerly a
private road owned by Moran Bros., New York, N. Y., but on Jan. 1. 1S93. purchased by the present company,
organized March 31, 1888. (See MANUAL for 1894, page 267.) Road opened, Reno, Nev., to Amedee, Gal., V.nn., on
Nov 17 1800; extension to Termo, 50 in., opened July 1, 1900. Locomotives, 6. Cars— paesenger, 2; comhina-
., 3; freight (box, 12; flat, 2~
_, , year ending June 30, 1{
miles. Passengers
Earnings (passenger, $27,612; freight, $108,421; other, $15,647), $151,680. Operating expenses, $96,122. Net earn-
ings, $55,55S. Payments: Interest on bonds, $29,550; taxes, $4,460; rentals. $205— total, $34,215. Surplus,
$21,343; surplusjorward, $22,887— total, $44,230.
shares
accr
securitk .,__,„_,
Directors (elected Nov. 2, 1901).— D. Comyn Moran, Amedee D. Moran, New York, N. Y.; T. F. Dunaway,
Robert L. Fulton, A. 11. Maiming, Reno, Nev. OFFICERS: D. COMYN MOUAN, Pres., New York. N. Y.; T. F.
Dunaway, Vice-Pres. & Mgr., Reno, Nev. ; Amedee D. Moran, Treas., New York, N. Y. ; Frank R. Lewis, Sec. &
And., Reno, Nev. GENERAL OFFICE, Reno, Nev.
NEVADA CENTRAL RR.-Battle Mountain, Nev., to Austin, Nev., 93.3 m.; total track (iron; 35
Ibs.), 95.3 miles. Gauge, 3 ft. Reorganization of Nevada Central Ry., chartered Aug. 27, 1879. (See MANUAL for
1893, page 392.) Locomotives, 3. Cars— passenger, 3; freight (box, 12; stock, 15; flat, 15; coal, 7), 49; other, 2 —
total, 54.
Operations, year ending June 30, 1901.— Earnings (passenger, $11,504; freight, $21,449; other, $1,328),
(1st gold 5s
st of road and
FDiTectorsr^VohnJs"herman Hoyt,'XGrplietoB*Stoke8,>'j. W. McCufioch", J.'N.'FheTps Stokes, New York,
N. Y.; S. T. Pearson, J. M. Hiskey, P. R. Terwilhger, Austin, Nev. OFFICERS : I. G. PHELP* STOKES, /«/•«-.<.;
John Sherman Hoyt, Vice-Pres.. New York, N. Y.; S. A. Pearson, Treas., & Gen. Mgr.; J. M. Hiskey, sec. &
Aud., Austin, Nev. GENERAL OFFICE, Austin, Nev.
NEVADA COUNTY NARROW GAUGE RR.-Colfax to Nevada City, Cal., 22.50 m.; total
track (steel, 17 in.), 26.5 miles. Gauge, 3 ft. Rail, 35 Ibs. Chartered April 4, 1874; road opened as above May
miles
Earnings (passenger, $43,671 :' freight, $63,224; other, $11,188), $118.083. Operating expenses, $76,8(58. Net
earnings, $41,215. Payments; Interest on bonds, $17,080; on floating debt, $1,202; other charges, $3,665— total,
$21,947. Surplus, $19,268; surplus forward, $171,834— total, $191,092.
General Balance Sheet, June 30, 1901.— Capital stock ($400,000 auth.; $100 shares), $250,200; funded
debt $242,000; current liabilities, $24,731; interest accrued, $188; taxes accrued, $60; profit and IOSH. £ I'.tl.n'.fl-
total, $708,272. Contra: Cost of road and equipment, $666,174; materials, etc., $17,166; current assets, $24,932—
total, $708,272.
Funded Debt consists of ($250,000 auth.) 1st mtge. 7 p. c. bonds, interest payable Jan. and July by the
trustee, Wells, Fargo & Co. Bank, San Francisco, Cal. The bonds are payable in yearly installments increasing
from $4,000 in 1902 to $20,000 in 1924, when the last of them will be retired. The amount outstanding on Aug. 15,
1902, was $238.000.
Directors.— Mrs. S. A. Kidder, Peter Johnston, Samuel Granger, John Glasson, C. P. Loughridge, J.
Coughlin, F. G. Beatty, Grass Valley, Cal. OFFICERS : MKS. S. A. KIDDER, Pres. : Peter Johnston, Vice-Fir*. ;
C. P. Loughridge, Gen. Mgr.; F. G. Beatty, Sec.; E. M. Preston, Treas., Grass Valley, Cal. GENERAL OFFICE,
Grass Valley, Cal.
OGDEN AND HOT SPRINGS RR.— Ogden to Hot Springs, Utah, 7.5 m.; total track (steel; 30
Ibs.), 8 miles. Gauge, 4 ft. 8J in. Chartered Jan. 28, 1890; road built same year. Sold at sheriff's sale on July
10, 1895, and purchased by W. A. Paxton, Omaha, Neb. Locomotives, 2. Cars (passenger), 3. The company
refuses all information. W. A. PAXTON, Pres., Omaha, Neb.; Frank J. Hirt, Gen. Mgr., Hot Springs, Utah.
GENERAL OFFICE, Hot Springs, Utah.
PACIFIC AND IDAHO NORTHERN RY.— Weiser to Council, Idaho, 62.03 miles. Extension
under construction from Council to Landore, about 45 miles. Gautre, 4 ft. 8i in. Rail (steel). 65 Ibs. Locomo-
tives, 2. Cars, 35. There is a bonded debt on the property amounting to $1,071,000. LEWI* A. HALL, Pres.. New
York, N. Y.; P. P. Shelby, Asst. to Pres. & Gen. JtTyr., Weiser, Idaho; George Pope, Sec.; H. B. Pierce, Treats.,
New York, N. Y.; Lewis Hall, Asst. Treas.; A. Hermany, Ami.; N. W. Bethel, Chief Eng., Weiser, Idaho.
GENERAL OFFICE, Weiser, Idaho. New York Office, 52 Broadway, Manhattan.
PACIFIC LUMBER CO.'S RR.— Alton, Cal., to end of track, 17 miles. Chartered and road opened,
Feb. 26, 1869. Used principally for the business of the Pacific Lumber Co. Locomotives, 3. Cars— passenger,
3; baggage, etc., 1; freight (box, 6; flat, 37; timber, 118), 161— total cars, 165.
Operations not reported; for latest statement, see MANUAL for 1901, page 654.
General Balance Sheet. June 30, 1901.— Capital stock, $700,000; funded debt (1st 6s of 1903), $500,000;
bills payable, $130,000: other accounts, $53,000; profit and loss, $346,000— total, $1,729,000. Contra: Cost of road,
$275,000; equipment, $80,000; real estate and buildings, $1,000,000; other assets, $374,000— total. $1,729,000.
Directors.— Charles Nelson, John C. Hampton, R. F. Morrow, A. B. Hammond, W. G. Gkwslln, San
Francisco, Cal. OFFICERS : CHARLES NELSON, Pres., San Francisco, Cal.; John C. Hampton, Vice-Pnt. <(• Gtn.
Mgr., Scotia, Cal.; Bank of California, Treas.; W. L. B. Mills, Sec., San Francisco, Cal. GENERAL OFFICE, 330
Market Street, San Francisco, Cal.
PAJARO VALLEY CONSOLIDATED RR.— Watsonvillc to Spreckele, Cal., 27.2m.: Spreckels
Junction to Alisal, Cal., 5.7 m.; total track (steel ; 45 Ibs.). 32.9 miles. Gauge, 3 ft. Organized as Pajuro Valley
RR. Co., Dec. 31, 1890; road opened from Watsonville to Salinas, 23.7 m., in 1895: extension to Spreckela built
and name of company changed in 1898. Locomotives, 4. Cars— passenger, 1; freight (box, 26; flat, 15; beet,
180), 221; caboose. 2— total, 224.
Operations not reported; for latest statement, see MANUAL for 1901, page 655.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($1,100.000 auth.; $100
shares), $3(50,000; profit and loss, $93.070— total, $452,070. Contra: Cost of road, $325,132; equipment, $103,807;
cash and current assets, $23,131— total, $452,070.
Directors.— John D. Spreckels, A. B. Spreckels, W. H. Hannam, A. F. Morrison, Thomas Brown, San
Francisco, Cal. OFFICERS: JOHN D. SPRECKELS, Pres.; A. B. Spreckels, Vice-Pres. <t Treas.; W. H. Hannam,
POOR'S MANUAL OF RAILROADS. 621
Sec., San Francisco, Cal.; W. C. Waters, Gen. Supt., Watsonville, Cal. GENERAL OPPICB, 337 Market St., San
Francisco, Cal.
FERRIS AND LAKE VIEW RY.— Junction near Ferris to Lakeview, Cal., 8.03 miles. Gauge'
4ft 8^ in. Kail (steel). 50 Ibs. Chartered Nov. 1, 1898; road built before Dec. 31, 1898. Not yet opened for
traffic. To be operated as a branch of the Southern California Ry. Capital stock paid in ($80,000 auth.; $100
shares), 816,000. Controlled in the interest of The Atchison, Topeka and Santa Fe Ry. Co.
Directors.— W. G. Nevin, G. Holterhoff, Jr., E. Chambers, II. J. Stevens, A. P. Maginnis, Los Angeles,
Cal. OFFICERS : W. G. NEVIN, Pres.; G. Holterhoff, Jr., Sec. & Treat., Los Angeles, Cal. GENERAL OFFICE,
Los Angeles, Cal. *
PORTLAND, VANCOUVER AND YAKIMA RR.— Vancouver to Battle Ground, Wash., 2°
miles. Gauge, 4 ft. 8^ in. Rail (steel), 40 and 5(5 Ibs. Chartered in Dec., 1897, to take over the Vancouver,
Klickitat and Yakima RR. Principally a logging road. Capital stock, authorized and paid in, $200,000. Cost of
road, etc., $200,000.
Trustees.— I. N. Gray, H. J. Mercier, Vancouver, Wash. ; L. Gerlinger, Portland, Ore. OFFICERS: I. N.
GRAY, P>en. cfc Treas.; L. Gerlinger, Vice-Pres. ; H. J. Mercier, Sec. & And., Vancouver, Wash. GENERAL OF-
FICE, Vancouver, Wash.
RANDSBTJRG RR. -Kramer to Johannesburg, Cal., 30 m.; trackage, A., T. & S. F. RR., Barstow to
Kramer, Cal., 33 m.— total operated, 63 miles. Gauge, 4ft. 8J in. Rail (steel), 56 Ibs. Chartered May 22, 1897;
road opened Jan. 17, 1898. Locomotives, 2. Car (passenger), 1.
Operations, year ending June 30. 1901.— Trains run (mixed), 10,825 miles. Passengers carried, 5,168; carried
one m'le, 153,2«3. Tons freight moved, 13,140; ton-miles, 389,732. Earnings (passenger, $9,044; freight, $33,026;
other, $3,631), $44,701. Operating expenses, $23,372. Net earnings, $21,329. Payments: Interest on .<onds,
$15,000 ; other charges, $1,632— total, $17,362. Surplus, $3,697.
Financial Statement, June 30, 1900 (latest rendered).— Capital stock ($100 shares), $540,000; funded
debt (1st nuge. 6s of July 1, 1917), $300,000— total, representing cost of road, $840,000.
Directors.— E. Van Etten, New York, N. Y.; J. N. Beckley, Rochester, N. Y.; C. M. Warner, Syracuse,
N. Y.; J. M. Burnett, C. E. Crowley, Phoenix, Ariz.; E. H. Stagg, Johannesburg, Cal.; Chas. Wier, Jno. Single-
ton. Walter Rose, Los Angeles, Cal. OFFICERS : E. VAN ETTEN, Pres., New York, N. Y.; E. H. Stagg, Vice-Pres.
& Gen. Mgr., Johannesburg, Cal.; Jno. Singleton, Sec., Los Angeles, Cal.; C. M.Warner, Treas., Syracuse,
N. Y. GENERAL OFFICE, Johannesburg, Cal.
ROQ-TJE RIVER VALLEY RY.— Medford to Jacksonville, Ore., 6 m.; total track (steel, 6 m.; 26
Ibs.), 6.25 miles. Gauge, 4 ft. 8£ in. Chartered Feb. 4, 1891 ; road opened Feb. 12, 1891. Locomotives, 2. Cars-
passenger, 1; baggage, etc., 1; freight (box, 1; flat, 1), 2; other, 2— total, 6. Capital stock ($100 shares), $200,000.
Cost of property, $61,000.
Operations, year ending June 30, 1901.— Passengers carried, 13,569. Tons freight moved, 4,534. Earn-
ings (passenger, $4,600; freight, $4,091; other, $2,782), $11,473. Operating expenses, $2,748. Net earnings,
$8,725.
Directors. —W. S. Barnum, John C. Barnum, W. H. Barnum, Jacksonvile, Ore. OFFICERS: W. S.
BARNUM, Pres.; W. H. Barnum, Vice- Pres. & Treas.; John C. Barnum, Sec., Jacksonville, Ore. GENERAL
OFFICE, Jacksonville, Ore.
SALT LAKE AND LOS ANGELES RY.— Salt Lake City to Saltair, Utah, 15 m. ; total track
(steel ; 60 Ibs.), 17 miles. Gauge, 4 ft. 84 in. Chartered Sept. 25, 1891 ; road opened in Feb., 1892. Locomotives,
2. Cars— passenger, 16; freight (box, 6; flat, 2), 6; tank, 19— total, 25.
Operations, year ending June 30, 1901.— Trains run (passenger, 19,040; freight, 7',230), 26,270 miles.
Passengers carried, 332,612; carried one mile, 4,989,181. Tons freight moved, 22,834; ton-miles, 342,510. Earn-
ings (passenger, $45,178; freight, $7,504; other, $5), $52,687. Operating expenses, $29,852. Net earnings,
$•£2,835; other receipts, $6,023— total, $28,858. Payments: Interest on bonds, $18,000; taxes, $1,836— total,
$19,836. Surplus, $9,022; deficit forward, $10,423; net surplus, $1,401.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $300,000 ; funded debt (1st gold 6s
of Jan. 1, 1913), $300,000 ; current liabilities, $1,135; interest accrued, $93,725— total, $694,860. Contra: Cost of
road and equipment, $437,846; due on account of stock, $150,000; interest, $6,024; materials, etc., $2,000; bills
receivable, $81,875; cash and current assets, $15,714; profit and loss, $1,401— total, $694,860.
Directors.— Joseph F. Smith, James Jack, John R. Winder, L. John Nuttall, N. W. Clayton, Salt Lake
City, Utah. OFFICERS: JOSEPH F. SMITH, Pres.; James Jack, Vice-Pres.; W. McMillan, Sec. & Treas.; J. E.
Langford, Gen. Myr., Salt Lake City, Utah. GENERAL OFFICE, Salt Lake City, Utah.
SALT LAKE AND MERCTJR RR.— Fairfield to Mercur, Utah, 12.69m.; switches and spurs, 0.37
mile. Gauge, 4 ft. 8^in. Rail (steel), 40 and 45 Ibs. Chartered Ang. 17, 1894 ; road opened Jan. 20, 1895. Loco-
motives, 3. Cars— passenger, 3 ; freight, 10— total, 13. Capital stock ($5 shares), $300,000. Funded debt, $300,-
000 1st mtge. 5 p. c. gold bonds.
Operations, year ending Dec. 31, 1901.— Earnings (passenger, $7,880; freight, $66,824; other, $2,778),
$77,482. Operating expenses, $46,811; taxes, $1,453— total, $48,264. Net earnings, $26,741.
Directors.— L. L. Nunn, Telluride, Col.; J. G. Jacobs, E. H. Airis, John Dern, H. W. Brown, Salt Lake
City, Utah. OFFICERS : L. L. NCNN, Pres., Telluride, Col.; J. G. Jacobs, Vice-Pres. & Gen. Mgr.; E. H. Airis,
T/eas.; J. J. Stewart, Sec., Salt Lake City, Utah. GENERAL OFFICE, Salt Lake City, Utah.
SALT LAKE AND OGDEN RY.— Salt Lake City to Farmington and Lagoon, Utah, 16 m.; Stock-
dale to Simpkins, Ut'ih, 2 m.— total, 18 m.; total track (steel 35, 40, and 52 Ibs.). 20.64 miles. Gauge, 4 ft. 8^ in.
Chartered March 17, 1896, and on Oct. 29, 1896, took possession of the Great Salt Lake and Hot Springs Ry.;
sold under foreclosure on Oct. 26, 1896 (see MANUAL for 1898, page 271). Locomotives, 9. Cars— passenger.
30 ; baggage, etc., 2 ; freight (flat), 37— total, 69. Capital stock paid in ($800,000 auth. ; $100 shares), $4,000,
OFFICERS: S. BAMBERGER, Pres. & Gen. Mgr.; J. E. Bamberger, Vice-Pres. j Jos. Oberndorfer, Sec. & Treas.,
Salt Lake City, Utah. GENERAL OFFICE, Salt Lake City, Utah.
SAN DIEGO, CUYAMACA AND EASTERN RY.— San Diego to Foster, Cal., 25.37m.; total
track, 27.59 miles. Gauge, 4 ft. 84 in. Rail (steel, 26.35 m.), 52, 56, and 60 Ibs. Chartered March 6, 1888 ; road
opened to Lakeside, April 1, 1889 ; to Foster, Feb. 13, 1890. Extension projected to Ramona, Cal. Locomo-
tives, 2. Cars— passenger, 5 • freight (box, 10 ; flat, 20 ; coal, 4), 34— total, 39.
Operations, year ending June 30, 1901.— Trains run (passenger, 5,641; freight, 1,811; mixed, 31,848;
other, 1,161), 40,461 miles. Passengers carried, 39,884; carried one mile, 661,199. Tons freight moved, 25,104;
ton-miles, 468,198. Earnings (passenger, $14,562; freight, $30,481: other, $2,632), $47,675. Operating expenses,
$40,845. Net earnings, $6,830. Deductions: Interest on bonds, $33,000; taxes, $1,226. Deficit, $27,396; deficit
forward, $370,875— total, $398.271.
General Balance Sheet, June 30, 1901.— Capital stock ($7,000,000 auth.; $100 shares), $769,000; funded
debt (1st 6s of July 1, 1918), $550,000; current liabilities, $3,297; interest accrued, $429,000— total, $1,751,297.
Contra: Cost of road and equipment, $1,340,001; securities owned, $390; bills receivable, $1,700; materials, etc.,
$658; cash and current assets, $10,276; profit and loss, $398,272— total, $1,751,297.
Directors.— Waldo S. Waterman, Levi Chase, G. B. Grow, E. C. Hickman, San Diego, Cal.; E. S. Bab-
cock, A. E. Babcock. Coronado, Cal.; George J. Leovy, Los Angeles, Cal. OFFICERS : E. S. BABCOCK, Pres.,
622 POOR'S MANUAL OF RAILROADS — PACIFIC GROUP.
Coronado, Cal.; Levi Chase, Vice-Pres.; Waldo S. Waterman, Gen. Mgr., Sec. & Treat.; J. F. Lamond, And..
San Diego, Cal. GENERAL OFFICE, San Diego, Cafc
SAN DIEGO, PACIFIC BEACH AND LA JOLLA RY.-San Diego to La Jolla. Cal., 13.54
m. ; total track (steel ; 30 to 40 Ibs.), 15.03 miles. Gauge. 4 ft. 8$ in. Incorp. April, 1894. Includes the tracks of
the San Diego, Old Town and Pacific Beach Ky., of which this road is an extension. Although the companie.-
were never consolidated, the two roads are operated as one line, the stock in both belonging to the same per-on^.
except that held by directors. Locomotives (motor engines'!, 2. Cars — passenger, 6 ; combination 2 • freight
(box, 1 ; flat, 6), 7— total, 15.
Operations, year ending June 30, 1901.- Earnings (passenger, $10,524; freight, $3,102), §13,626. Oper-
ating expenses, $16,088. Deficit from operations, $2,462. Miscellaneous receipts, 871. Nut deficit -
Paid taxes, $400. Deficit for year, $2,791.
Financial Statement, June 30, 1900 (latest rendered).— Capital stock ($275.000 auth.; $100 shares), paid
in, $188,345. Contra: Cost of road and equipment, $189,834; materials, etc., $3,125; cash and current
$1,018.
Directors.— Graham E. Babcock, Chas. T. Hinde, Jos. A. Flint, G. B. Grow, San Diego, Cal.; E. S. Bab-
cock, Coronado, Cal. OFFICERS : GRAHAM E. BABCOCK, Pres.; Chas. T. Hinde, Vice- Free.; Jos. A. Flint. Sec.,
San Diego, Cal. GENERAL OFFICE, San Diego, Cal.
SAN FRANCISCO BELT RR.— At San Francisco, Cal., 3.86 miles. Locomotives, 2. Built in 1892.
Operated by the Board of State Harbor Commissioners, to handle the cars landed by the freight ferries north of
the ferry depot. H. B. Stewart, Supt., San Francisco, Cal.
SAN PEDRO, LOS ANGELES AND SALT LAKE RR.-East San Pedro to Hartwell. Cal.,
41 m.; Glendale June, to Verdure, Cal. ,7.1 m.; Hartwell to Millard, Cal., 1.1 m.— total, 49.2 m.; total track i steel;
56 Ibs.), 58.25 miles. Gauge, 4 ft. 8| in. Chartered March 20, 1901, to build a railroad from Los Angele-
to Salt Lake City, Utah. The railroad as above was purchased from the Los Angeles Terminal Ry. Co., in April,
1901. Locomotives, 9. Cars— passenger, 28; baggage, mail, and express, 2; freight (box, 34; stock. 1; flat 1','T-
coal, 39; tank, 1), 272— total. 302.
Operations, year ending June 30, 1901.— Trains run (passenger, 111,546; freight, 25,383), 136.929 miles.
Pawsengers carried, 353,211; carried one mile, 7,563,834. Tons freight moved, 183,362; ton-miles, 3.571.575
Earnings (passenger, $66,971; freight, $116,005; other, $5,806), $188,782. Operating expenses, §130,863. Net
earnings, $57,919. These statistics cover the operations of the Los Angeles Terminal Ry. from July 1, 1900, to
April 1, 1901. those of the San Pedro, Los Angeles and Salt Lake RR. from April 1 to June 30, 1901. The books
of the former were closed April 1, 1901, and there is no continuity of the income accounts of the two com-
panies, therefore the payments from net earnings cannot be given.
General Balance Sheet, June 30, 1901.— Capital stock ($25,000,000 auth.; $100 shares), $2,501,600; funded
debt (see below), $2,500,000; current liabilities, $47,936; due Empire Construction Co., $278.269; profit and loss,
$12,894— total, $5,340,699. Contra: Cost of road and equipment, $5,288,903; cash and current assets, $29,146;
other assets, $22, 649 -total, $5,340,699.
Funded Debt.— There were no bonds actually issued at the date of the balance sheet, but $2,500,000
were to be issued in part payment of the purchase price of the Los Angeles Terminal RR. property.
Directors.— W. A. Clark, Butte, Mont.; R. C. Kerens, St. Louis, Mo.; J. Ross Clark, T. E. Gibbon. T. F.
Miller, F. K. Rule, Ross W. Smith, Los Angeles, Cal.:W. S. McCornick. Thomas Kearns, Reed Smoot, Salt
Lake City, LTtah ; E. W. Clark, Ophir, Utah ; Perry S. Heath, Muncie, Ind. OFFICERS: W. A. CLARK. Pre*.,
Butte, Mont.; R. C. Kerens, 1st Vice-Pres., St. Louis, Mo.; J. Ross Clark, 2d Vice-Pres.; T. E. Gibbon, M Vice-
Pres.- H. S. McKee, Treas.; T. F. Miller, Sec.; F. K. Rule, And., Los Angeles, Cal. PRINCIPAL OFFICE, Los
Angeles. Cal.
SAN PETE VALLEY RY.— Nephi to Morrison, Utah, 50.5m.; Nebo June, to Cooper, 6 m.— total, 56.5
m.; total track, 57.75 miles. Gauge, 4 ft. 8i in. Rail (steel, 25.25m.), 52 Ibs. Chartered in 1873; road completed as
above in the fall of 1894. Company reorganized in 1893 (see MANUAL for 1894, page 270). The gauge was widened
to the standard in July, 1896, Locomotives, 4. Cars— passenger, 1; baggage, etc., 1 ; freight, (box, 20 ; stock, 6;
flat, 20 ; coal, 10), 56— total, 58.
Operations, year ending June 30, 1901.— Earnings (passenger, $7,981; freight, $15.603), $23,584. Operating
expenses, $26,162. Deficit from operations, $2,578. Charges, $35.537. Deficit for year, $38,115.
Financial Statement, July 1, 1901.— Capital stock ($100 shares), $510,000. Funded debt ($510,000 1st 4s
of Jan. 1, 1923; $250,000 2d 4s of 1921 ; $55,000 4s of Jan. 1, 1923), $815;000, Total stock and bonds, $1.325,000.
Directors.— Theodore Bruback, John J. Daly, Chas. C. Dey, Salt Lake City, Utah ; H. S. Kerr. Manti,
Utah|; Charles Morrison, London, Eng. OFFICERS: THEODORE BRUBACK, Pres. <£ Gen. Mgr.; Jacob B. Blair,
Vice-Pres.; U. U. Hiskey, Sec., Treas. & And., Salt Lake City, Utah; H. S. Kerr, Gen. Svpt., Manti, Utah.
GENERAL OFFICE, Salt Lake City, Utah.
SEATTLE AND SAN FRANCISCO RY. AND NAVIGATION CO.-Projected: Seattle to
Palmer, Wash., 35 miles. In operation July 1, 1901 : Seattle to West Seattle, Wash., 4 m. ; Seattle to South Seattle,
Wash., 5 m.— total, 9 miles. Gauge, 4 ft. si in. Rail (steel), 60 Ibs. Chartered March 27, 1899, for the purpose of
building and operating a railroad from its coal fields near Palmer. Wash., to the City of Seattle, and to operate
steamship lines carrying coal and freight from Seattle to San Francisco, Honolulu, Alaska, and other Pacific
points. The line is operated between South Seattle and Leary, about 35 miles, under a perpetual joint contract be-
tween the Northern Pacific Ry. Co. and this company, and a like contract exists between this company and the
Northern Pacific Ry. Co. from South Seattle to Seattle. The company owns and is operating valuable and exten-
sive coal fields near Palmer. In Oct., 1899, the company purchased the property of the Seattle Warehouse and
Terminal Co., consisting of docks and warehouses at West Seattle, and 4 miles of railroad track between West
Seattle and Seattle, on the shores of Puget Sound and Elliott Bay. The company operates tracks along the water-
ways of Puget Sound and Elliott Bay of about 8 miles, and owns in fee several large tracks of water front. On
Nov. 2, 1900, owing to disputes among certain stockholders, a temporary receiver was appointed; the controversy
being settled, the receiver was discharged on Nov. 20, 1900.
Financial Statement, Jan. 1, 1902.— Capital stock authorized, $3,000,000. Funded debt, $981,000 ($1,-
500,000 auth.) 1st 5s of April 1, 1939. The remaining $519,000 of bonds are reserved for extensions and improve-
ments and for the purchase of vessels.
Directors.— James D. Hoge, Jr., John S. Dovey, W. E. Guerin. OFFICERS : W. E. GUERIN, Pres. ; John
S. Dovey, Vice-Pres. & Treas.; R. F. Guerin, Sec. GENERAL OFFICE, Seattle, Wash.
SIERRA RY. OF CALIFORNIA.— Oakdalc to Tuolumne, Cal.. 56.3 m.; Jamestown to Tuttle-
town, 4.5 m.— total, 60.8m.; total track (steel; 40 Ibs.), 67.8miles. Gauge, 4 ft. 8i in. Chartered Feb. 1,1V.1;;
road opened to Tuolumne, Cal., Feb. 1, 1900. An extension is under construction from Jamet-tmvn
to Angels Camp, 14 miles, of which 4.5 m. (as above) was completed up to June 30, 1901. Locomotives. 7. Cars
—passenger, 1; baggage, etc., 2; freight (box, 12; flat, 80; stock, 1), 93; service, 8— total cars, 104.
Operations, year ending June 30, 1901.— Trains run (freight, 14,157; mixed, 41,610; other, 19,355), 75,122
miles. Passengers carried, 34,857; carried one mile, 1,167,939. Tons freight moved. 53.502; ton-miles, 2.241,970.
Earnings (passenger, $71,897 ; freight, $147,185 ; other, $12,067), $231,149. Operating expenses, $106.325. Net
earnings, $124,824. Payments : Interest on bonds, $60,741; other interest, $6,136; taxes, $4,197— total, $71,074.
Surplus, $53,750 ; surplus forward, $103,317— total, $157,066.
POOR'S MANUAL OF RAILROADS. 623
General Balance Sheet, June 30, 1901.— Capital stock ($5,000,000 auth.; $100 shares), $2,780,000; funded
debt, $2,030,000; bills payable, $80,000; current liabilities, $52,329 ; interest accrued, $13,169; taxes accrued,
i $900 ; unpaid coupons, $2,700; profit and loss, $157,066— total, $5,116,164. Contra : Cost of road and equipment,
i {5,076.321; materials, etc., $13,059; cash and current assets, $26,104; sinking fund balance, $680 — total,
95,116,164.
Funded Debt outstanding, June 30, 1901, consisted of $1,013,000 ($1,860,000 anth.), 1st 6s of April 12,
1937: and $1,017,000 ($1,860,000 auth.) income 6s of April 12, 1937. Additional particulars will be found in the
Ready Reference Bond List (see General Index).
Directors.— A. Poniatowski, Wm. H. Crocker, Samuel Sussman, Henry J.Crocker, W. F. Pierce, Wm.
Angus, San Francisco, Cal.; S. D. Freshman, Jamestown, Cal. OFFICERS : A. PONIATOWSKI, Pres.; Wm. H.
Crocker, Virf-Prfs.; S. M. Rickey, Sec., San Francisco, Cal.; S. D. Freshman, Treas., Jamestown, Cal. GENERAL
OFFICE, Crocker Bldg., San Francisco, Cal.
SIERRA VALLEYS RY.— Plumas to Clairville, Cal., 30.7 m.; total track (steel ; 35 Ibs.), 82.0 miles.
Gauge. 3 ft. Chartered Jan. 5, 1895. Road opened June 1, 1895. Locomotives, 2. Cars— passenger, 1 ; freight
(box, 5 ; flat, 21), 26 ; work, 4— total, 31.
Operations.— All information refused; for latest statement (1895-96), see MANUAL for 1897, page 266.
General Balance Sheet, June 30, 1896 (latest rendered).— Capital stock ($100 shares), $945,000 ; funded
debt (no details), $265,000; accounts, $59,442— total, $1,269,442. Contra: Cost of road, etc., $1,251,206; profit
and loss, $2,076— total, $1,269,442.
Directors.— Henry A. Bowen, Charles R. Bowen, Wm. S. Kittle, Fletcher F. Ry«r, Herbert B. Blanding,
San Francisco, Cal. OFFICERS: HENRY A. BOWEN, Pres. & Gen. Mgr.; Charles R. Bowen, Vice-Pres. & Treat.;
Wm. S. Kittle, Sec., San Francisco, Cal. GENERAL OFFICE, San Francisco, Cal.
SUMPTER VALLEY RY.— Baker City to Whitney, Ore., 46 m.; spurs, 5 m.— total, 51 m.; total
track, 56 miles. Gauge, 3 ft. Rail (steel), 40 Ibs. Chartered Aug. 15, 1890; road opened from Baker City to Mc-
Ewen, Oct. 1,1891; completed as above June 1, 1901. Locomotives, 8. Cars— passenger, 4; baggage, etc., 2:
freight (box, 53; flat, 150; stock, 11), 214— total, 220.
Operations.— Not reported; for latest statement, see MANUAL for 1900, page 652.
General Balance Sheet, June 30, 1896 (latest rendered).— Capital stock paid in ($250,000 auth.; $100
shares), §150,000; funded debt (1st gold 6s of 1911), $150,000; current liabilities, $37,291— total, $337,291. Contra:
Cost of road, $286,986 ; equipment, §23,050 ; profit and loss, $216— total, $310,251.
Directors.— David Eccles, Thos. D. Dee, Ogden, Utah ; C. W. Nibley, F. M. Shurtliff, Baker City, Ore.;
William Eccles, Hood Hiver, Ore. OFFICERS : DAVID ECCLES, Pres., Ogden, Utah ; C. W. Nibley, Vice-Pret.;
Joseph A. West, Sec., Baker City, Ore. GENERAL OFFICE, Baker City, Ore.
TACOMA EASTERN RR.— Tacoma, Wash., southeast, 16.5m.; total track, 18 miles. Gange, 4ft.
8j in. Rail (steel), 60 Ibs. Chartered July 14, 1890 ; completed as above early in 1901. Road under construc-
tion. The company expected to have about 24 miles completed and in operation by Nov. 1, 1901. Principally a
logging road. Locomotives, 3. Cars— passenger, 1 ; freight (box, 1; flat 28), 29; service, 7— total, 37.
Operations, year ending June 30, 1901.— Earnings (passenger, $119 ; freight, $4,212), $4,331 ; other re-
ceipts* $120— total, $4,451.
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $250,000; funded debt (1st gold 6s
of May 1, 1905), $200,000; floating debt, $25,000 ; profit and loss, §4,451— total, $479,451. Contra: Cost of road
and equipment, §465,328; construction and equipment, $3,236; materials, etc., §6,572; cash on hand, $2,495; bills
receivable, §1,700— total, $479,451.
Directors.— W. M. Ladd, C. E. Ladd, Edw. Cookingham, Portland, Ore.; John Bagley, R. B. Smith, L. J.
Pentecost, E. M. Hayden, Tacoma, Wash. OFFICERS : EDW. COOKINOUAM, Pres., Portland, Ore.; Jno. Bagley,
Vice-Pres. & Gen. Mgr. ; L. J. Pentecost, Treas. ; E. M. Hayden, Sec. ; J. G. Dickson, Aud., Tacoma, Wash.
GENERAL OFFICE, Tacoma, Wash.
UNITED VERDE AND PACIFIC RY.-Jerome June, to Jerome, A. T., 25.80 m.; total track
(steel ; 45 Ibs.), 27.85 miles. Gauge, 3 ft. Chartered March 20, 1894 ; road opened Dec. 31, 1894. Locomotives, 4.
,.
tions (including dividends, $60,000), $83,780. Surplus for year, $04,069.
General Balance Sheet, June 30, 1899 (latest rendered).— Capital stock paid in ($100 shares), $300,000 ;
funded debt (1st 6s of Jan. 1, 1920), $300,000 ; current liabilities, $17,377 ; profit and loss, $295,182— total, $912,559.
Contra : Cost of road and equipment, $600,000 ; securities owned, $191,260 ; materials, etc., $1,118 ; cash and
current assets, $119,535 ; interest accrued on investments, $646— total, $912,559.
Directors.- Wm. A. Clark, James A. Macdonald, Charles W. Cl*rk, New York, N. Y.; Joseph L. Giroux,
H. J. Allen, Jerome, Ariz. OFFICERS: WM. A. CLARK, Pi-es.; James A. Macdonald, \tt Vice-Pres. & Treas.,
New York, N. Y. ; Joseph L. Giroux, 2d Vice-Pres. & Gen. Mgr., Jerome, Ariz.; Charles W. Clark, Sec., New
York, N. Y. GENERAL OFFICE, 49 Wall St., New York, N. Y.
VIRGINIA AND TRTJCKEE RR.— Reno to Virginia, Nev., 52.20 m.; total track (steel; 56 Ibs.),
75.47 miles. Gauge. 4 ft. 8$ in. Chartered Feb. 11, 1869; road opened Jan. 1, 1870. Locomotives, 13. Cars-
passenger, 12; baggage and express, 4; freight (box, 7; ore, 103; flat, 145), 255; tank, 2— total cars, 273.
Operations, year ending June 30, 1901.— Earnings (passenger, $65,410; freight, $146,556; other, $3,768),
$215,734. Operating expenses, $151,151. Net earnings, $64,583. Deductions (including dividends, $62,500), $79,-
118. Deficit for year, $14,535.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock, $5,000,000; current liabilities,
177,190; profit and loss, $9,329— total, $5,086,519. Contra : Cost of road and equipment, $4,634,198 ; suspense
stock account. $219,632; materials, etc., $118,450; cash, $114,238— total, §5,086,519.
Directors.— D. O. Mills, New York, N. Y.; H. M. Yerington, Geo. T. Mills, E. B. Yerington, A. M. Ar-
dery, Carson, Nev.; W. E. Sharon, W. E. F. Deal, J. W. Eckley, Virginia, Nev.; Jas. Newlands, Jr., San Fran-
cisco, Cal. OFFICERS : D. O. MILLS, Pres.) New York, N. Y.; H. M. Yerington, Vice-Pres. & Gen. Supt., Car-
son, Nev.; Agency Bank of California, Treas., Virginia, Nev.; E. B. Yerington, Sec., Carson, Nev. GENERAL
OFFICE, Carson, Nev.
YREKA RR.— Montague to Yreka, Cal., 7.5 m.; total track, 7.9 miles. Gauge, 4 ft. 8| in. Organized
May 28, 1888; road opened Jan. 9, 1889. Locomotives, 2. Cars— passenger and baggage, etc., 1; freight (box, 2 ;
flat, 1), 3— total, 4.
Operations, year ending June 30, 1901.— Earnings (passenger, $11,059; freight, $5,203), $16,262. Operating
expenses, $11,746. Net earnings, $4,516; other receipts, $70— total, $4,586. Deductions, $3,293; surplus, $1,293.
General Balance Sheet, June 30, 1900 (latest rendered).— Capital stock paid in ($100,000 auth.; $25
shares), $49,537 ; funded debt (no details furnished), $45,000; assessment Kay, 1890, $8,990; current liabilities,
$2,161; profit and loss, $15,991— total, $121,679. Contra: Cost of road and equipment, $119,007; cash and cur-
rent assets, $2.673— total, $121,679.
Directors.— J. Churchill, H. B. Gillis, Charles Tunker, J. M. Walbridge, M. Renner, Yreka, Cal. OF-
FICERS : J. CHURCHILL, Pres. cfe Gen. Mgr.; J. M. Walbridge, Vice-Pres.; Siskiyou County Bank, Treas.; T. E.
Wadsworth, Sec., Yreka, Cal. GENERAL OFFICE, Yreka, Cal.
RETURNS RECEIVED TOO LATE FOR
CLASSIFICATION.
BUFFALO AND STTSdUEHANNA RAILROAD COMPANY.
(For map of this road, see page 625.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Buffalo & Susq. Coal & Coke Co. 2
Buffalo & Susq. Iron Co 2
Capitalization, 18U6-1902 7
Coal Properties 2
Directors and Officers 12
Di viclends Paid 8
Earnings, Expenses, etc 6
Equipment, Schedule of 5
Extension to Coal Lands 3
Funded Debt Details 10
Gen . Balance Sheet, June 30, 1902. 9
History 2
Income Account 6
Leased Lines, Interest in 4
Leased Lines, Statements for 11
Leases, Terms of 4
Mileage Operated, June 30, 1902.. 1
Operations, etc.. 1901-1902 li
Operations & Income, 1896-1903. . 7
Preferred Stock Issue 3
Rolling Stock, June 30, 1902 3
10.11
10.00
1. Mileage Operated, June 30, 1902.— A. LINES OWNED (total, 152.42 miles).
Main Line : Keating Summit, Pa., to New York State Line 84.73 miles.
Eastern Division : Galeton, Pa., to New York State Line 26.91 "
Antonio, Branch : Qaines Junction to Ansonia, Pa 8.60 "
Sinnemahoning Branch : Wharton 1o Sinnemahoning, Pa 19.45 "
Cross Fork Branch : Cross Fork Junction to Cross Fork, Pa. 12.73 "
B. LEASED LINES (total, 20.11 miles).
Wettsville, Coudersport and Pine Creek RR. : Wellsville, N. Y. to Pa. Line. . .
Addison and Susquehanna RR. : Addison, N. Y., to Pennsylvania State Line.
Total length of lines operated, June 80, 1902 172.53 miles.
Sidings (owned), 36.19 miles. Gauge, 4 ft. 8| in. Rail (steel), 60 to 80 Ibs.
2. History. — Consolidation, April 1, 1901, of the original Buffalo and Susquehanna IJR.
Co. (see MANUAL for 1900, page 67) with the Galeton and Eastern RR. Co., the Susquehanna
and New York RR. Co., and the Northern Susquehanna RR. Co. In April, 1901-June, 1902,
the company, either directly or through the Buffalo and Susquehanna Coal and Coke Co. (or-
ganized May 24, 1901, and controlled by this company through ownership of all its stock and
bonds), acquired control of large tracts of coal lands located at Tyler and Du Bois, Clearfield
County, Pa. These properties are estimated to be underlain with about 50,000,000 tons of
bituminous coal of good quality for steam and coking purposes. Still further purchases of
the same kind are contemplated. A special market is to be created for this coal by the con-
struction of iron furnaces by the Buffalo and Susquehanna Iron Co., on terminal property on
the lake front at Buffalo, N. Y., to which point the railroad is to be extended.
3. Issue of Preferred Stock.— In April, 1902, an issue of $4,000,000 of 4 per cent,
non-cumulative preferred stock was authorized, and about $1,000,000 thereof has been issued.
The proceeds of this stock are being invested in additional coal properties, in new equip-
ment and in an extension of the railroad from its present southern terminus at Sinnemahon-
ing to Tyler and Du Bois, Pa., where the coal lands are situated.
4. Leased Lines. — The Wellsville, Coudersport and Pine Creek RR. and the Addison
and Susquehanna RR. are leased to the Buffalo and Susquehanna RR. Co. for 50 years from
April 1, 1901, at a nominal rental. Tlieir stocks and bonds are owned by the Buffalo and
Susquehanna RR. Co., and the results of their operation are included in its income account.
5. Rolling Stock, June 30, 1902. — Locomotives, 21. Cars— passenger, 7 ; combination,
624
635
626 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
9 ; freight (flat, 271 ; box, 8 ; 80-ton gondola, 500 ; 40-ton gondola, 200), 979; caboose, 7; service
and repair, 3— total, 1,005.
6. Operations, year ending June 30, 1902 (average, 172.53 miles).— Train mileage-
passenger, 247,689; freight, 383,548. Passengers carried, 237,466; carried one mile, 3,821,253;
average mile rate, 2.919 cents. Tons freight moved, 1,116,526; moved one mile, 37,757,996;
average ton-mile rate, 1.84 cents.
EARNINGS. 1900-01
Passenger $102,470 55
Freight 597,100 19
Mail and Express 13,499 41
Miscellaneous 8,895 42
Totals $721,965 57
Totals per Mile 4,384 05
1901-02
$111,559524
694,757 26
14,326 75
15,105 18
$835,748 43
4,844 08
EXPENSES. 1900-01 1901-02
Maint. Way & Structures $97, Bat; 58 $111..
Maintenance of Equipment 79,067 59 109,1:! I 1 1
Conducting Transportation 174.^111 18;u
General Expenses 57,88167 59.'.
Totals $409,406 95 $460,441 54
Totals per Mile 2,486 08 i!.7--l) U3
Net earnings, 1901-1902 (43.83 p. c.), $366,306.89; add interest, $24,344.56; other income,
$20,460.13— total, $411,111.58. Fixed charges: Interest on bonds, $148,661.53; other charges,
$8,196.40; taxes, $9,037.50— total, $165,895.43. Net profit, $245,216.15; add surplus from
July 1, 1901, $317,932.16— total, $563,148.31. Deduct dividend payments on common stock
(No. 10, 1J p. c., paid Oct., 1901, $43,975; No. 11, 1± p. c., paid Jan., 1902, $43,975 ; No. 12,
li p. c., paid April, 1902, $43,975; No. 13, 1± p. c., paid July, 1902, $43,975), $175,900 ; un-
collectible accounts written off, $1,329.85— total, $177,229.85. Surplus, June 30, 1902,
$385,918.46,
7. Statement of capitalization, cost, income, etc.,
Earnings
Capital
Stock.
Bonded Cost of Miles
Debt. Property. Oper.
Gross. Net.
1896.. _____ 1,518,000 1,367,000
1897 ....... 1,518,000 1,289,000
1898 ....... 1,518,000 1,211,500
1899 ....... 1,518,000 1,134,000
1900 ....... 1,518,000 1,056,500
1901 ....... 3,518,000 3,650,000
1902 ....... 4,518,000 3,640,000
2,995,874 155.14
3,003,479 155.14
3,021,611 162.16
3,020,737 162.16
3,020,991 162.16
6,105,637 172.22
6,138,194 172.53
487,844
579,798
625,692
767,319
732,992
721,966
835,748
217,746
304,082
284,090
264,827
353,866
313,559
366,307
for seven fiscal years ending June 30 :
Exp.
to Fixed Total Bal'ce,
Earn. Charges. Dividends. Paymts. S'rpl's.
p. c. $ p.c. $ $
55.35 147,262 5 55,500 202,762 14,984
47.55 163,374 5 75,900 239.274 i;4>i*
54.60 174,240 5 75,900 250,140 33,950
65.49 186,989 5 75,900 262,889 1,938
51.72 172,356 5 75,900 248,256 105,610
56.71 105,437 *7J- 138,850 244,287 6S.272
56.17 165,895 5 175,900 341,795 24,512
* 6i p. c. on $1,518,000; 1J p. c. on $3,518,000.
§. Dividends. — Dividends on the common stock were paid yearly, in Jan., up to and
including that of Jan., 1901; but on April 1, 1901, the company adopted the policy of paying
quarterly dividends. The first payment, 4 p. c., was made in Jan., 1895. The second and
subsequent payments have been at the rate of 5 p. c. per annum. On the preferred stock
created in 1902 (see Sec. 3), the first dividend, 1 p. c. quarterly, was paid on Sept. 5, 1902.
9. General Balance Sheet, June 30, 1902.
Cost of Road and Equipment
Leasehold Interest in Leased Lines
Buffalo & Susquehanna Coal & Coke Co. :
First Mortgage Bonds $256,938 16
Stock 10,00000
Additional Coal Prop 305,48690—
Keystone Store Company Stock
Preferred Stock in Treasury (Contra) . .
Common Stock in Treasury (Contra) ....
1st Refund. Mtge. Bonds in Treasury...
1st Ref d Mtge. Bds. Held by
Sink. Fund Trustees $3,000 00
Uninvested Sink. Fund 54,10906—
Fuel, Material and Supplies
Cash, Unexp'd Proceeds of Bonds
Cash, Unex. Proc. Pref. Stk.$266,430 73
Loans, Unex. Proc. Pref. Stk. 613,569 27—
Total Plant and Invested Assets. .. .$12,400,763 32
Cash on Hand $265,070 85
Cash Deposited to Pay Coup. 63,505 00
Cash in Transit 5,15636 ,
Cur'nt Accts. and Assets.. 158,92262
Unexpired Insurance 4,22577
Other Accrued Assets 12,00847— 508,88907
Total Assets $12,909,65239
$6,138,193 94
183,200 00
572,425 06
10,000 00
3,000,000 00
1,037,500 00
14,000 00
57,109 06
188,822 16
319,513 10
880,000 00
Preferred Stock Outstanding (see Sec. 3). $1,000,000 00
Preferred Stock in Treas. (Contra) 3,000,00000
Common Stock Outstanding 3,518,000 00
Common Stock in Treasury (Contra).. 1,037,50000
Funded Debt Outstanding (See Sec. 10).. 3,640,000 00
Total Capital and Mtge. Liabilities. .$12,195,500 00
Current Liabilities $214,656 64
Dividends Payable July 1.. 43,97500
Accrued Interest on Bonds. . 6,225 00
Accrued Sinking Fund 2,124 17
Accrued Taxes 12,458 05
Other Accrued Liabilities... 21873
Renewal and Other Reserve
Funds 44,410 52
Surplus Leased Lines 4,16582— 328,23396
Front and Loss Surplus 385,918 46
Total Liabilities and Surplus $12,909,652 39
POOR S MANUAL OF RAILROADS.
627
1O. Fnnded Debt.— The funded debt outstanding on June 30, 1902— total, $3,640,000 aa per general
balance sheet — consisted of the following (additional particulars are in the Ready Reference Bond List — Bee
1 1 Index):
$1!>S,000 1st 5s of Oct. 1, 1913, secured by direct
lii>t lien on 101.53 miles of road. They are ad-
iliiicinally secured by deposit with the trustee
under the mortgage of the entire stock and bond
is-iii(S of the Wellsville, Ooudersport and Pine
C'nvk KR. Co., and by lien on about 75,000 acres
of hemlock timber lands and the timber standing
thereon. Bonds to the amount of $1,470,000 have
been issued, but $545,000 thereof have been retired
by action of the sinking fund, and $427,000 have
been exchanged for 1st refunding mortgage bonds,
leaving $498,000 outstanding on June 30, 1901. No
more bonds can be issued under this mortgage.
Tlic sinking fund retires each year, in October,
an amount of bonds equivalent to the sum found
by dividing the total amount outstanding by the
number of years to the maturity of the mort-
gage. The bonds are subject to call for the
sinking fund at par, in the order of their numbers,
beginning with the highest.
8,142,000 1st refunding gold 4s of April l, 1951,
secured by a first refunding mortgage on the
entire property of the company, subject to the
lien of the 1st mtge. 5 p. c. bonds on the property
covered by that issue. Also collaterally secured
on 3,000 acres of the coal property referred to in
Section 2 and on the Addison and Susquehanna
and Wellsville, Coudersport and Pine Creek Kits.,
by deposit with the trustee under the mortgage
of the securities representing the direct owner-
ship thereof. The authorized issue is $15,000,000.
Bonds amounting to $3,500,000 are issuable against
the present property of the company, for re-
funding purposes, etc. ; $2,000,000 are reserved for
the purpose of acquiring terminals; $2,500,000 for
the purpose of acquiring coal properties; and
$1,500,000 for new equipment. The remaining
$5,500,000 of bonds, together with any of the
bonds reserved as before stated, but not used for
such purposes, may be issued for the purpose of
constructing or acquiring additional railroad, at
an average rate not exceeding $25,000 per mile,
or for betterments and other corporate purposes.
Bonds in addition to the $15,000,000 may be issued
for double tracking at the average rate of $15,000
per mile. Principal and interest are payabk in
gold, free of all taxes. Provision is made in the
mortgage for a sinking fund of three cents for
each ton of coal mined from the property pledged
thereunder, to be set aside annually and invested
in bonds if they can be purchased at 110 p. c. ;
but bonds can not be drawn for the sinking fund.
11. RAILROADS^ LEASED BY THE BUFFALO AND SUSQUEHANNA RR. Co.
Addison and Snsqnehanna RR.— Addison,
N. Y., to Penn. State Line, 10.0 miles. Rail (steel),
RO Ibs. Chartered June 21, 1898. Leased to the B. &
S. RIt. Co. for 50 years from April 1, 1901, at a
nominal rental. The lessee owns all of the $100. 000
capital stock. No bonds outstanding. F. H. Good-
year. Pres. ; F. A. Lehr, Sec. & Treas., Buffalo,
N. Y. Office, Buffalo, N. Y.
Wellsville, Condersport and Pine
Creek; RR.— Wellsville, N. Y., to Penn. State
Line, 10.11 miles. Rail (steel), 80 Ibs. per yard.
Chartered Nov. 14, 1881; road opened Sept. 1, 1890.
Leased to the B. & S. RR. Co. for 50 years from
April 1, 1901, at a nominal rental. The lessee owns
all of the $62.700 capital stock and all of the $20,-
500 1st mtge. bonds of this company. F. H. Good-
year, Pres.; F. A. Lehr, Sec. & Treas., Buffalo,
N. Y. Office, Buffalo, N. Y.
12. Board tf Directors, Buffalo and Susquehanna RR. Co., elected January 6, 1902.
F. II. Goodyear Buffalo, N. Y.
C. W. Goodyear " "
W. I. Lewis Coudersport, Pa.
W. H. Sullivan Galeton, Pa.
W. C. Park " "
M. E. Olmstcd Harrisbnrg, Pa.
N. N. Metcalf Austin, Pa.
M. J. McMahon Galeton, Pa.
Daniel Collins Austin, Pa.
M. E. OLMSTED, President and General Counsel Harrisburg, Pa.
P. H. Goodyear, 1st Vice-Pres. and Chairman of Board. .. .Buffalo, N. Y.
2d V.-P. <& Gen. Mgr.—C. W. Goodyear. .Buffalo, N. Y. | Sec. & Treas.— F. A. Lehr Buffalo, N. Y
Auditor— W. H. Baumes Buffalo, N. Y.
GENERAL OFFICE Galeton, Pa. | BUFFALO OFFICE. . .960 Ellicott Square.
Fiscal Agents Fisk & Robinson, New York, N. Y.
THE ROCK ISLAND COMPANY.
History and Finances. — Organized July 31, 1902, under the laws of the State of New
Jersey. The authorized capital stock of the company is $150,000,000, to consist of $54,000,000
non-cumulative preferred stock and $96,000,000 common stock. The company lias made agree-
ments with the Chicago, Rock Island and Pacific RR. Co., under which, in consideration of de-
liveries of its preferred and common stock for the purposes of an offer of purchase made by
the company named to the stockholders of the Chicago, Rock Island and Pacific Ry. Co.,
it will become the owner, as issued, of the capital stock of the Chicago, Rock Island and
Pacific RR. Co. The offer of purchase is outlined in the statement for the Chicago, Rock Is-
land and Pacific RR. Co., appended hereto. The capital stock not required for the pur-
poses of this offer is reserved for future use for the acquisition of additional properties and
other corporate purposes.
Preferred Stock Preference and Rights. — The preferred stock is entitled to non-
cumulative yearly dividends at the rate of 4 per cent, per annum for the years 1903 to 1909,
inclusive ; at the rate of 5 per cent per annum for the years 1910 to 1916, inclusive ; and at
the rate of 6 per cent, per annum thereafter. It is also preferred as to capital. The holders
628 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
of the preferred stock are entitled to elect a majority of the directors, but that privilege may
be surrendered with the consent of the holders of two-thirds in amount of the preferred
stock. The amount of the preferred stock cannot be increased save with the consent of two-
thirds of each class of stock.
CHICAGO, HOCK ISLAND AND PACIFIC RR. CO.-Organized July 31, 1902, under
the laws of the State of Iowa, with power to acquire the lines of railroad and tin- capital
rtock of the Chicago, Rock Island and Pacific Ky. Co. The authorized securities of the com-
pany are, $125,000,000 capital stock and $75,000,000 4 per cent. 100-year gold bonds. Tiie capi-
tal stock is to be delivered, as issued, to the Hock Island Co., in return for common and pre-
ferred stock of that company. On July 1, 1902, the company offered to purchase the capital
stock of the Chicago, Rock Island and Pacific Ry. Co. at the price of 100 per cent, in its 4
per cent, gold bonds, 70 percent, in the preferred stock of the Rock Island Co., and 100 per
cent, in the common stock of the same company. The holders of a majority of the capital
stock of the Chicago, Rock Island and Pacific Ry. Co. have signified their intention to accept
this offer. The bonds are to be dated Nov. 1, 1902, and will mature on Nov. 1, 2002. They
are to be secured under a trust agreement with the Central Trust Co. of New York, by de-
posit and pledge of all shares of the capital stock of the Chicago, Rock Island and Pacific Ry.
Co. acquired, under the offer of purchase or otherwise, and can be issued only to a face amount
equal to the par value of the stock pledged under the trust agreement. WM. T. RANKIN,
Pres., Chicago, 111.; Oliver H. Bogue, Vice-Pres., New York, N. Y. ; J. H. Mather, Sec. &
Treas., Des Moines, la. GENERAL OFFICE, Des Moines, la.
Board of Directors, The Rock Island Company.
James II. Moore Chicago, 111.
H. C. Frick Pittsburgh, Pa.
Marshall Field Chicago, 111.
F. L. Hine New York, N. Y. .
George T. Boggs New York, N. Y.
W. B. LEEDS, President '. New York, N. Y.
Wm. H. Moore, Chairman Finance Committee "
Sec. & Treas.— D. G. Reid New York, N. Y. | Asst. Sec. & Asst. Treas.— Geo. T. Boggs. . .New York, N. Y.
PRINCIPAL OFFICE AND ADDRESS Jersey City, N. J.
R. R. Cable Chicago, 111.
W. B. Leeds New York, N. Y.
Wm. H. Moore "
D. G.Reid....
Geo. ^.McMurtry.. New York, N. Y.
A. R. Flower
Geo. S. Brcwster... "
Ogden Mills "
CHICAGO, ROCK ISLAND AND PACIFIC RAILWAY COMPANY.
(For map of this system, see between pages 630 and 631.)
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Additions and Improvements — lib
Burl . , Ced. Rap. & No. RR. Lease. 6
Capital Stock 14
Chicago, Rock Island <fc Texas Ry. 9
Choctaw, Oklahoma & Gulf RR. . 5
Choctaw Purchase Money Bonds. 16
Directors and Officers 19
Dividends lla
Earnings, Expenses, etc 11
El Paso Extension 8
Enid and Anadarko Ry 4
Funded Debt, Details of 15
Gen. Balance Sheet. April 1, 1902. 13
Gen. Balance Sheet, 1896-1902. ... 12
History 2
Income Account, March 31, 1902. 11
Land Department 17
Leased Lines, Statements of 18
Mileage & Equipment, 1S96-1902. 12
Mileage Operated, March 31, 1902. 1
Mileatre of System. Aus;. 1. 19d2. . la
Operations, Property and General
Balances, 1896-1903 12
Rock Island and Peoria Ry 7
Rolling Stock 10
St. Louis. Kansas City and Colo-
rado RR... . 8
1. Mileage Operated, March 31, 1902.— ^4. LINES OWNED (total, 3,218.89 miles).
Main Line : Chicago, 111., to Council Bluffs, la 500.^1 miles.
Atchison Division : Davenport, la., to Atchison, Kan 311.44
Leavenworth Line : Edgerton June., Mo., to Leaven worth, Kan 20.36
Knoxmlle Line : Washington to Knoxville, la 79.31
South Chicago Line : South Englewood to South Chicago, 111 7.43
Muscatine Line : Wilton to Muscat ine, la 12.04
Lime Kiln Branch : Wilton to Lime Kilns, la 6.08
Monroe Line : Newton to Monroe, la 17.02
Winterset Line : Des Moines to Indianola and Winterset, la 47.08
G-uthrie Line : Meulo to Quthrie Center, la 14.44
Audubon Line : Atlantic to Audubon, la 24.41
Griswold Line : Atlantic to Griswold, la 14.22
Carson Line : Avoca to Carson, la 17.73
Harlan Line : Avoca to Harlan, la 1 1 .88
SiUey Line : Gowrie to Sibley, la 109.30
Keotauqua Line : Mt. Zion to Keosauqua, la 4.50
(Continued on next page.)
POOR'S MANUAL — CHICAGO, ROCK ISLAND AND PACIFIC RY. CO. 629
Brought forward .1,227.45 miles.
St. Joseph Line : Altamont to St. Joseph, Mo 49.30 "
RushmUe Line : South St. Joseph to Rushville, Mo 15.05 "
Armoitrdale Branch : Kansas City, Mo., to Armourdale, Kan 2.52 "
Jtinseu Line : South Omaha to Jansen, Neb 104.30 "
h'l Paso Division : El wood, Kan., to Texhoma, O. T 494.47 "
Fort Worth, Division : Herington, Kan., to Terral, I. T 349.07
tit/Una Line : Herington to Salina, Kan 49.30
< 'olorado Division : Horton. Kan., to Roswell, Col 568.65
Nelson Line : Fairbury to Nelson, Neb. 51.53 "
Belleville Line : McFarland to Belleville, Kan '. . 103.98
Bucklin Line : Dodge City to Bucklin, Kan 26.64 ' '
Mangum Line : Chickasha, I. T., to Mangum, 0. T 97.78 "
Hillings Line : North Enid to Billings, O. T 26. 74
Cashion Line : Kingfisher to Cashion, O. T 16.01
Lawton Line : Anadarko to Lawton, O.T 36.10
B. LEASED LINES (total, 852.64 miles).
Peoria & Bureau Valley RR. : Bureau to Peoria, 111 46.99 "
Keokuk & Des Moines Ry. : Keokuk to Des Moines, la 162.31 ' '
Des Moines & Fort Dodge RR. ; Des Moines, Fort Dodge and Ruthyen, la. ... 143.34 "
C. TRACKAGE RIGHTS (total, 338.05 miles).
Hannibal & St. Joseph RR. : Cameron to Kansas City, Mo 54.30 "
Union Pacific RR. : Council Bluffs, la., to South Omaha, Neb 7.02 "
Union Pacific RR. ; Kansas City, Mo., to North Topeka, Kan 67.35 "
Union Pacific RR. : Limon to Denver, Col 89.78
Denver & Rio Grande RR. : Denver to Pueblo, Col 119.60 "
Total length of lines operated, March 31, 1902 3,909.58 miles.
2d track, 272.99 m. ; 3d track, 9.43 m. ; sidings, 813.08 miles. Gauge, 4 ft. 8| in.
la. Mileage of Rock Island System, Aug. 1, 1902. — In consequence of the several acqui-
sitions noted in the following paragraphs, and in consequence of the construction of the
Chicago, Rock Island and El Paso RR. and of the Chicago, Rock Island and Mexico RR.,
both of which are controlled by or in the interest of this company, the present mileage of the
Rock Island System is as follows :
Lines operated March 31, 1901, as per Sec. 1 3,909.58 miles.
Enid and Anadarko Ry. (see Sec. 4) 64.74
Choctaw, Oklahoma and Gulf RR. (see page 634) 1,188.47
Burlington, Cedar Rapids and Northern Ry. (see General Index) 1,310.55
Rock Island and Peoria Ry. (see page 633) 121.10
St. Louis, Kan pas City and Colorado RR. (see page 638) 114.30
Chicago, Rock Island and Texas Ry. (see page 637) 120.00
Chicago, Rock Island and Mexico Ry. (see Sec. 3) 90.00
Chicago, Rock Island and El Paso Ry. (see Sec. 3) 113.30
Total mileage of system, Aug. 1, 1902 7,032.04 miles.
2. History. — Consolidation, June 4, 1880, of the Chicago, Rock Island and Pacific RR.
and various connecting lines. A sketch of the company's history down to the year 1888 is
in the MANUAL for that year, page, 397, and later developments are recorded in subsequent
editions. The Fort Sill Branch (Lawton Line) was opened to Fort Sill in Aug., 1901, and
to Lawton in Sept., 1901.
3. El Paso Extension. — During the year ending March 31, 1902, the construction of
an extension of this company's line from Liberal, Kan., to Texhoma, O. T., 55.88 miles, was
completed. At Texhoma this line connects with the Chicago, Rock Island and Mexico Ry.,
a corporation of the State of Texas, extending from Texhoma to a point on the boundary line
between the State of Texas and the Territory of New Mexico, at which point it connects
with the railway of the Chicago, Rock Island and El Paso Ry. Co., a corporation of the
Territory of New Mexico, whose railway extends to Santa Rosa, N. M., where it connects
with the railway of the El Paso and Rock Island Ry. Co. The latter company is a part of
the system of the El Paso and Northeastern Ry. Co., the lines of which system extend from
Santa Rosa to El PJ so, Texas. Traffic agreements between the companies named and the
Chicago, Rock Inland and Pacific Ry. Co., furnish for this company a through connection
630 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
for passenger and freight business at El Paso with the Southern Pacific Co. for Pacific Coast
points, and the Mexican Central Ry. Co. for points in the Republic of Mexico.
4. Enid and Anadarko Ry. — Under the authority of the Board of Directors, givt-u
March 16, 1899, the Enid and Anadarko Ry. Co. was incorporated to construct a line from
Enid to Anadarko, O. T. That portion of the line from Enid to Watonga, 64.74 miles, has
been completed, and was opened for operation in sections as completed at various times dur-
ing the year ending March 31, 1902. The property is operated by this company, the earn-
ings and operating expenses being included in the income account, but the mileage is not
included in Sec. 1, it not being a portion of this company's owned line.
5. Choctaw, Oklahoma and Gulf RR. — In April, 1902, the company acquired control
of the Choctaw, Oklahoma and Gulf Ry. Co., by purchasing more than two-thirds of its en-
tire capital stock (see General Index for C., 0. & G. Ry. Co.; see, also, Sec. 8).
6. Lease of Burlington, Cedar Rapids and Northern Ry.— This company has taken
a lease of the Burlington, Cedar Rapids and Northern Ry. (see General Index) for 999 years
from June 1, 1902. Under the terms of the lease this company assumes all obligations
of the Cedar Rapids company and agrees to pay as rental dividends at the rate of 6 p. c. per
annum on its capital stock. This company already owned a majority of the capital stock,
and in connection with the lease it offered to purchase the remainder for the price of share
for share in its own capital stock. On July 11, 1902, it was announced that fl, 698, 900 stock
had been acquired under this offer, which would increase the company's holding to at least
70 per cent, of the $7,121,740 capital stock of the Burlington, Cedar Rapids and Northern
Ry. Co.
7. Lease of Rock Island and Peoria Ry. — This company has taken a lease of the
Rock Island and Peoria Ry. (see subjoined statement) for 999 years from June 1, 1902,
agreeing to pay as rental dividends at the rate of 6 p. c. per annum on the capital stock of
the lessor, besides assuming all its obligations. The company already owned about two-thirds
of the capital stock of the Peoria company, and under an offer to purchase the remainder at
the price of share for share in its own capital stock, has acquired $441,500 additional, making
its present holding about 95 p. c. of the $1,500,000 of the capital stock of the Rock Island and
Peoria Ry. Co.
8. Purchsise of St. Louis, Kansas City and Colorado RR.— Since the close of the
fiscal year ending March 31, 1902, the company has purchased all the outstanding shares of
the capital stock and all the outstanding bonds of the St. Louis, Kansas City and Colorado RR.
Co., whose line extends from St. Louis to Gasconade River, Mo., and is being extended to
Kansas City (see subjoined statement).
9. Chicago, Rock Island and Texas Ry. — With the Chicago, Rock Island and Texas
Ry. Co. this company has financial and traffic agreements under which it supplies all means
necessary to build and equip the Texas road, in consideration of receiving all the stock and
bonds of the Texas company; the bonds being issued at the rate of $15,000 per mile of com-
pleted road, with an additional amount for equipment, equal to the cost of same, but not ex-
ceeding $5,000 per mile.
10. Rolling Stock, March 31, 1902. — Locomotives, 631. Cars — passenger (coaches, 331 ;
parlor, 2 ; composite, 11; dining, 11 ; officers', 6), 361 ; baggage, etc. (including 14 postal), 112 ;
freight (box, 13,032 ; stock, 2,973 ; flat and coal, 3,264 ; drovers, caboose, and other cars, 467),
19,736 ; gravel, hand, and other cars, 1,696— total, 21,905.
11. General Income Account, year ending March 31, 1902.
Eandig g— Passenger $8,030,164 00
Freight 19,061,857 05
Mail and Express 1,126,266 77
Rents and Telegraph 167,557 99
Total (|7,309.46 per mile) $28,385,845 81
Expenses— Maint. of Way and Structures. $4.646,171 90
Maintenance of Equipment... 2,908,733 42
Conducting Transportation... 9,101, 47s 73
General 616,V->1 39
Total ($4,463.34 per mile) $17,333,104 44
Net earnings (38. 04 p. c.), $11,052,741.37 ; add income from loans and in vestments, $936,-
848.63 ; net land receipts, $12,000— total, $12,001,590. Payments: Taxes, $921,620.75; in-
terest on bonds, $2,951,322 ; rentals leased lines (Keokuk and Des Moines Ry., $148,178.11 ;
Kan
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POOR'S MANUAL — CHICAGO, ROCK ISLAND AND PACIFIC RY. CO. 631
Peoria and Bureau Valley RR., $125,000; Des Moines and Fort Dodge RR., $207,572.94;
trackage rentals, $276,203.57), $756,954.62 ; rentals and tolls, Missouri River bridges, $150,-
751.25 ; dividends, $2,247,900.75— total, $7,028, 549. 37. | Surplus, $4,973,040.63 ; surplus for-
ward, $8,590,797.40— total, $13,563,838.03.
lla. Dividends. — A dividend of 1 p. c. was paid quarterly from Income Account on the
$50,000,000 capital stock outstanding prior to Aug. 1, 1901 ; and on $10,000,000 additional
capital stock issued Aug. 1, 1901, 1J p. c. was paid Nov. 1, 1901, and Feb. 1, 1902, to put it
on a basis with the stock outstanding prior to Aug. 1, 1901, which received £ P- c. quarterly
from Addition and Improvement, Account (see Sec. 4b).
lib. Addition and Improvement Account. — There has been distributed to stockholders
during the year, from Addition and Improvement Account, as a special dividend, $499,-
955.50, being one-quarter per cent quarterly on May 1, Aug. 1, and Nov. 1, 1901, and Feb. 1,
1902, on the $50,000,000 capital stock outstanding prior to Aug. 1, 1901 (no dividend being
paid on fractional shares), as authorized at the annual meeting held in Chicago, June 1, 1898.
Iti. Statement of operations, property, and general balances for seven years ending March 31 :
1896
1897
1898
1899
1900
1901
1902
Average Miles Worked. .
Passenger Train Miles..
Freight Train Miles
Revenue Train Miles ....
Passengers Carried
Passenger Mileage
3,571.41
5,596,064
7,510,857
12,106,921
5,131,406
204,045,426
5,534,361
1,078,846,776
$
4,445,953
11,159,100
1,754,600
3,571.41
5,504,629
7,437,841
12,942,470
4,723,218
178,084,817
5,573,354
1,175,517,765
$
4,072,127
11,229,175
1,845,350
3,568.15
5,588,191
8,387,650
13,975,841
4,925,034
196,837,343
6,636,1.9
1,421,433,80C
I
4,316,817
13,835,995
1,395,771
3,568.15
6.198,76!
8,365,560
14,564,329
5,678,621
240,826,469
7,025,604
1,45-2,386,498
$
5,053,581
14,351,656
1,262,678
3,634.04
6,343,838
9,058,917
15,402,755
6,420,623
259,662,994
7,538,366
1,605,226,704
$
5,541,037
15,881,092
1,228,476
3,737.00
6,931,145
9,850,204
16,781,349
7,406,909
295,952,782
7,706,535
1,789,092,549
$
6,400,014
17,730,398
1,234,283
3,883.44
7,569,872
10,348,780
17,918,652
8,228,579
372,313,083
8,245,978
1,839,127,297
$
8,030,164
19,061,857
1,293,825
Freight (tons) Moved
Freight (ton) Miles
Earnings— Passenger. . . .
Freight
Other
Gross Earnings
Operating Expenses
Net Earnings
17,359,653
10,977,321
17,146,652
10,743,148
19,548,583
11,741,403
20,667,915
12,762,708
22,650,605
14,083,769
25,364,695
16,224,064
28,385,846
17,333.104
6,382,332
38,439
6,403,504
11,916
7,807,180
4:9,785
7,905,207
710,468
8,566,836
701,440
9,140,631
701,379
11,052,741
948,849
Other Receipts
Net Income
6,420,771
889,273
784,986
3,322,525
(2) 923,116
500,871
4,860 73
3,073 67
1,78706
03.23 p. c.
2.09 c.
1.03 C.
2,880.70
3,795.19
2,792.14
564
462
17,781
$
46,156,000
62,712,000
8,213,000
594,907
2,082,631
6,415,420
869,679
780,946
3,321,525
(2) 923,116
520,154
4,801 09
3,008 60
1,792 99
62.65 p. c.
2.19 c.
0.96 c.
2,880.70
3,806.75
2,792.14
564
456
17,836
S
46,156,000
62.712,000
8,213,000
533,992
2,603,111
8,286,965
854,563
789,562
3,320,450
(3) 1,384,674
1,937,716
5,047 86
3,290 61
1,75725
60.06 p. c.
2.10 c.
0.97 c.
2,877.40
3,800.96
2,792.14
564
411
17,856
$
46,156,000
62,712,000
8,213,000
1,251,742
4,540,290
8,615,675
913,404
844,539
3,084,616
(4) 1,960,389
1,812,728
5,792 33
3,576 84
2,215 49
61.75 p. c.
2.03 c.
0.99 c.
2,928.62
3,900.47
2,910.62
564
418
18,357
$
50,000,000
66,081,000
3,222,692
1,212,042
3,609,673
9,268,276
898,683
852,219
3,055,313
(4) 1,999,586
2,462,475
6,211 31
3,862 09
2,34922
62.18 p. c.
2.06 c.
0.99 c.
2,955.92
3,939.59
2,942.65
564
428
18,642
$
50,000,000
67,081,000
2,722,796
1,133,474
5,493,472
9,842,010
941,028
891,984
2,911,980
(4) 1,999,692
3,097,825
6,787 45
4,341 47
2,445 98
63.96 p. c.
2.08 c.
0.99 c.
3,127.79
4,151.78
3,116.32
572
439
19,795
$
50,000,000
68,081,000
2,222,813
1,911,190
8,590,797
12,001,590
921,621
907,706
2,951,322
(4) 2,247,900
4,973,041
7,309 46
4,46324
2,846 14
61. 60 p. c.
2.11 c.
1.04 c.
3,218.89
4,314.39
3,207.42
631
473
21,432
$
59,961,960
71,081,000
1,722,917
3,032,540
13,563,838
Payments — Taxes
Rentals and Tolls
Interest on Bonds
Dividends
Balance
Gross Earnings perMile.
Operating Expen. p. M..
Net Earnings per Mile..
Expenses t.o Earnings. . .
Av. Rate p. Pass. p. M . .
Av. Rate p. Ton p. Mile.
Miles Road Owned
Miles Track Owned
Miles Steel Rail
Locomotives
Passenger Train Cars. . .
Freight Train Cars
Capital Stock...
Funded Debt
Improvement Account. .
Sundry Account
Profit and Loss
- Total Liabilities....
Permanent Property
Stocks, Bonds, etc
Materials and Fuel
Advances
119,758,538
104,795,758
7,471,823
871,33s
1,956,962
4,662,657
120,221,103
105,456,744
7,493,486
1,050,053
1,956,961
4,263,859
122,873,032
105,720,942
7,512,250
690,331
1,956,961
6,993,548
124,125,407
107,220,815
7,436,280
519,997
2,185,793
6,762,522
126,430,742
108,421,417
7,017,939
1,449,004
2,337,901
7,204,421
130,805,860
111,560,474
6,723,078
1,610,182
1.976,961
8,935,165
149,362,255
114,936,030
6,674,718
1,835,644
5,770,989
20,144,873
Cash and Accounts
Total Property, etc..
119,758,538
120,221,103
122,873,032
124,125,407
126,430,742
130,805,860
149,362,265
632 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
13. General Balance Sheet, Ap.il 1, 1902.
Cost of Permanent Property $114,936,03009
Stocks and Bonds, Connecting Roads... 5,250,306 20
Loans and Other Investments 930,032 00
Advances to Connecting Roads 5,770,989 01
Stocks and Bonds of Company 494,32000
Stock of Material, Fuel, etc., on Hand. 1,835,043 79
Cash and Current Assets 20,144,873 43
Total Assets $149,362,255 24
Capital Stock Issued ($100 shares) $59,955,800 00
Fractional Scrip Outstanding IJ.HKMM)
Funded Debt 71,081,00000
Addition and Improvement Account... l.TiiiV
Accounts Payable 3,032. .v
Profit Balance of Income Account 13,563,838 03
Total Liabilities $149,362,255 24
14. Capital Stock;.— The authorized capital stock on March 31, 1901, was $60,000,000, in $100
shares. At the annual meeting, June 4, 1902, the authorized capital stock was increased to $75,000,000.
Of the $15,000,000 new stock $5,884,000 was set aside to be used in acquiring the stock of the Burlington,
Cedar Rapids and Northern Ry. Co. and of the Rock Island and Peoria Ry. Co. and the stock and bonds
of the St. Louis, Kansas City and Colorado Ry. (see Sec. 8). The remaining $9,116,000 was sold in
July, 1902, the stockholders of the company having the right to subscribe therefor at par. The purpose
of this sale was to provide for the construction of extensions, the acquisition of connecting lines, the
betterment and equipment of the property and other corporate uses. On July 31, 1902, the Chicago,
Rock Island and Pacific RR. Co. (statement for which see) offered the stockholders of this company, for
every share of their stock, $100 in its 4 p. c. 100-yr. bonds, $70 in preferred stock of the Rock Island Co.
and $100 in common stock of the same company, deposits in agreement with the offer to be made on or
before Sept. 1, 1902.
15. Funded Debt.— The funded debt outstanding on April 1, 1902— total, $71,081,000, as per general
balance sheet — consisted of the following issues of bonds (additional particulars will be found in the Ready
Reference Bond List — see General Index):
$12,5OO,OOO 1st 6s of July 1, 1917 (of which $400,-
000 were held in the treasury of the company),
secured by first mortgage on main line and
branches, 737 miles. The $400,000 treasury bonds
have been sold since April 1, 1902.
58,581, OOO gen. gold 4s of Jan. 1, 1988, secured
on the entire property and assets of the company,
subject to prior liens. The mortgage authorizes a
total issue of $100,000,000 bonds, to bear interest
at not exceeding the rate of 5 p. c. per annum.
Bonds to a sufficient amount are reserved for the
retirement of prior liens; $5,500,000, bearing in-
terest at a rate not higher than 4 p. c. per an-
num, may be issued after Jan. 1, 1903, for the
retirement of bonds outstanding on connecting
roads acquired from time to time, while the re-
maining bonds are reserved for additions and
improvements, to be issued at not exceeding the
rate of $1,000,000 a year. Since April 1, 1902,
$1,000,000 of these bonds have been issued, mak-
ing the total amount now outstanding $59,581,-
000.
16. Choctaw Purchase Money Gold Bonds. — For the purpose of funding indebtedness in-
curred in the purchase of capital stock of the Choctaw, Oklahoma and Gulf Ry. Co., as well as to provide
for the purchase of the remainder thereof, there have been issued, as of date of May 1, 1902, $24,000,000
of 4 p. c. gold bonds, secured by deposit of the shares against which they were issued. The bonds are
in sixteen series, lettered from A to P, one of which series, beginning with A, is to mature each May 1st
from 1903 to 1918; and all of the outstanding bonds, but not any part thereof, may be called for redemp-
tion at 101J p. c. and accrued interest, on any interest day after 60 days' notice. There have been issued
$23,520,000 of the bonds, being $1,470,000 of each series, and there have been deposited as security therefor,
$5,943,550 of the preferred stock and $9,647,900 of the common stock of the Choctaw, Oklahoma and Gulf
RR. Co. It is provided that the remaining shares shall be deposited as fast as they are acquired, the rest
of these bonds being reserved to pay therefor.
17. Land Department. — The company has received under the congressional grants, 550,193.51
acres. Total sales to March 31^ 1902, equalled 550,155.22 acres. The conveyances to which the title is un-
disputed, during the year ending March, 31, 1901, were 188.47 acres for $15,009.50, an average of $79.64 per
acre; and by quit-claim, 790.63 acres for which $15 has been received. Lands unsold April 1, 1902, 38.29
acres. The bills receivable have been decreased by collections during the year, so that they now stand at
$10,501.43, or $605.96 less than at last report. The amount of interest and rent collected was $915.09. The
taxes paid during the year on lands and lots owned by this company amounted to $250.16. Remitted to
Chicago during the year for sales and collections, $12,000.
18. RAILROADS LEASED, CONTROLLED, OR OPERATED BY C., R. I. & P. RY. Co.
Des Moim-s and Fort Dodse RR.— Des
Moines to Fort Dodge, la., 88.51 h.; Tara to Ruth-
ven, la., 55 m.; total. 143.51 m. ; total track (steel,
143.51 m.), 161.17 miles. Rail, 56 Ibs. The tracks
of the Illinois Central are used between Tara and
Fort Dodge Junction, 5 miles. Organized Jan., 1874,
and succeeded to that portion of Des Moines Valley
RR., from Des Moines to Fort Dodge, which was
sold under foreclosure Oct. 17, 1873. The Ruthven
Extension was built In 1882. Leased to the C., R.
I. & P. Ry. Co. on Jan. 1, 1887, for 18 years (cover-
ing the life of its mortgage bonds), at 30 p. c. of
gross earnings, guaranteed to equal 4 p. c. on 1st
mtge. and ext. bonds, and 2* p. c. on 2d series bonds.
For dividends paid on preferred stock, see Manual
for 1898, page 405. Income Account, year ending
Dec. 31, 1900 (later information not furnished). —
Rental for year, $189,893; other income, $1.726 —
total, $191,619. Payments: Interest on bonds. $104.-
880; dividends on preferred stock (7 p. c. ), $5.3.382;
miscellaneous expenditures. $1.201 — total, $159.466.
Surplus. $32.153. Balance Sheet. Dec. 31. 1900 (lat-
est rendered). — Capital stock (common, $4,2S3.000;
preferred. .$703.500), $5.046.500; funded debt. $3.072.-
000; unfunded debt, $1.000; income balance. $621.211
— total. $8.740.711. Contra: Cost of road, etc.,
$8,602,085; D. M. & Ft. D. bonds in treasury, $2,000;
cash, $136,626— total, $8,740,711. Preferred stock
is entitled to dividends up to 7 p. c. per annum, non-
cumulative, and to share with common stock in :my
dividend in excess of 7 p. c. on both classes. Funded
debt consists of $1,200,000 1st series 1st mtg<>. Is
of Jan. 1, 1905: $1.200,000 2d series 1st mtge. 2Js of
Jan. 1, 1905; and $672,000 Ruthven Extension 4s of
1905. Charles N. Gilmore, Pres., Des Moiues, la.;
W. G. Purdy, Treas., Chicago, 111.; Carroll Wright,
Sec., Des Moines, la. General Office. Des M»ines. In.
Keoknk and Des Moines RR.— Keokuk to
Dos Moines, la., 162.23 in. ; total track (steel, 150 m.),
184.20 miles. Rail, 52, 56, and 60 Ibs. (For history,
see Manual for 1891.) Leased to the C., R. I. & P.
Ry. Co. for 45 years, from Oct. 1, 1878, at 25 p. c. of
gross earnings, guaranteed to equal Interest on bonds.
Rental, year ending Sept. 30. 1901, $148,178; interest.
$97 — total, $14S.275. Paid Interest on bonds. $137.-
500; expenses. $42— total, $137.542. Surplus, $10,732.
Out of the net earnings for the year ending Sept. 30.
1900. a dividend of $1 per share was paid on the pre-
ferred capital stock in July. 1901. Balance Sheet.
Sept. 30. 1901.— Capital stock — common. $2.000,400;
preferred. $1.524.600; funded debt (1st 5s of Oct. 1.
1923). $2.750.000; coupons unpaid. $2.7.r>u — total.
$6.877.750. Contra: Cost of road. etc.. $6.721.111:
other assets, $89,376; profit and loss, $67,263 — total,
POOR'S MANUAL — CHICAGO, ROCK ISLAND AND PACIFIC SYSTEM. 633
$6,877,750. The lessee owns 14,879 shares common
stock and 5,751 shares of preferred stock. Preferred
stock Is entitled to dividends up to 8 p. c. per annum,
if rami'd after payment of interest on not exceeding
$2,750,0(10 of 5 p. c. bonds, and is entitled to share
pro rat a with the other stock of the company " in
any excess of net earnings or income over 8 p. c. per
annum." W. G. 1'urdy, Pros., Chicago, 111.; Geo. T.
r.ojijfs. Sec. & Trcas., New York, N. Y. Office, 13
William St., New York, N. Y.
Peoria and Bureau Valley RR. Co.—
Peoria to Bureau Junction, 111., 46.99 m. ; total track
(steel, 40.99 m.), 57.40 miles. Chartered Feb. 12,
1853. Leased in perpetuity. April 14, 1854, to the
C., R. I. & P. Ry. Co.; rental, $125,000 yearly. Pay-
ments, year ending June 30, 1901: Expenses, $1,982;
dividends (S p. c.), $120.000 — total, $121,983. Sur-
plus, $3,017. Capital stock ($100 shares), $1,500,000;
income balance, $76,598 — total, $1,576,598. -Contra:
Construction ($33.500 per mile), $1,566,600; cash,
.f!»,!)!)S — total, $1,570,598. George T. Boggs, Pres. ;
W. A. Nash, Treas., New York, N. Y.; Geo. H.
Crosby. See., Chicago, 111. Offices. Chicago, 111., and
13 William St., New York, N. Y.
Alexander E. Orr. New York, N. Y.
Ogdun Mills
Geo. 8. Brewster.. "
A. R. Flower "
Geo. G. McMurtry.New York, N. Y.
Marshall Field Chicago, 111.
W.B.Leeds " "
James H.Moore...
19. Board of Directors, C., R. L & P. Ey. Co., June 4, 1902.
Wm. n. Moore . . . .New York, N. Y.
B.G.Reid " "
F. L. Hine
F. 8. Wheeler
R. R. Cable Rock Island, 111.
Executive Committee. — R. R. Cable (Chairman), W. B. Leeds, Wm. 13. Moore, D. Of.
Reid, Marshall Field, A. R. Flower, James H. Moore.
R. R. CABLE, Chairman oftJic Board Rock Island, III.
W. B. LEEDS, President Chicago, 111.
C. H. Warren, Asst. to the President "
H. A. Parker, 1st Vice-President " "
Robert Mather, %d Vice-President & Gen. Counsel " "
J. M. Johnson, 3d Vice- President and Freight Traffic Mgr " "
Treasurer A Asst. Sec.—Y. E. Hayne Chicago, 111.
Secretary— George H. Crosby
Comptroller— W . W. Stevenson
Asst. Treas. & Asst. Sec.—G. T. Boggs . New York, N. Y.
Asst. Treas.— C. F. Jileon Chicago, 111.
Asst. Compt. — J.L.Cramer " "
PRINCIPAL OFFICE AND ADDRESS Chicago, 111.
ROCE ISLAND SYSTEM.— ROCK ISLAND AND PEORIA RY. CO.
Main Line of Road.— Rock Island, 111., to Peoria, 111 91.00 miles.
Rock Island and Mercer Co. RR.: Milan, 111., to Cable, 111 22.00
Preemption Eastern RR. : Preemption to Sherrard, 111 5.00 "
Peoria Terminal Ry.: Peoria to Monmouth Junction, 111 8.10 "
Total length of lines, June 30, 1901 121.10 miles.
2d track (P. T. Ry.), 3.10 m. ; sidings, 28.83 miles. Gauge, 4 ft. 8| in. Rail— iron, 56 Ibs.;
steel (141.03 m.), 60 and 80 Ibs.
History. — Reorganization, Oct. 9, 1877, of the Peoria and Rock Island RR. Co. The
Rock Island and Mercer County RR. is leased for 999 years from July 1, 1885, and the rental
commuted for the entire period at $450,000. The Preemption Eastern RR. and the Peoria
Terminal Ry. are leased for 999 years from Nov. 26, 1894, and the rental commuted for the
entire period at §401,598.19. The Peoria Terminal Ry. is used for the present only for yard
accommodation.
This road has been leased for 999 years, from June 1, 1902, to the Chicago, Rock Island
and Pacific Ry. Co., the lessee assuming all obligations of this company and agreeing to
pay dividends on its capital stock at the rate of 6 per cent, per annum. The lessee offers
share for share in its own capital stock for the outstanding shares of this company (see Sec. 7
of C., R. I. & P. Ry. Co.'s statement).
Rolling Stock, June 30, 1901. — Locomotives, 20. Cars — passenger, 11 ; baggage, etc.,
3 ; freight (box, 278 ; flat, 21 ; stock, 50 ; coal, 205), 554 ; service, 28— total, 596.
Operations, year ending June 30, 1901 (118 m.).— Train mileage— passenger, 191,889 ;
freight, 253,753; mixed, 53,556; other, 63,941— total, 563,139 miles. Passengers carried,
250,066; carried one mile, 6,025,702; average mile rate, 2.53 cents. Tons freight moved,
749,485 ; moved one mile, 45,743,911 ; average ton-mile rate, 1.31 cents.
Expenses — Maintenance Way and Buildings. $371, 988 83
Maintenance of Equipment 80,538 66
Conducting Transportation 251,216 54
General 18,40890
Total ($6,640.66 per mile) $7*3,598 80 I Total ($6,119.94 per mile) $722,152 93
Earnings— Passenger $152,512 18
Freight 599,451 47
Mail and Express 18,377 85
Miscellaneous 13,25736
634: POOR'S MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Net earnings (7.71 p. c.), $61,445.93; add interest and dividends, -$6,240.92; other re-
ceipts, $1,060.70— total, $68,747.55. Payments : Interest on bonds, $27,000 ; dividends on
stock (2* p. c. each, Jan. 1 and July 1, 1901), $75,000; taxes, $41,777.24— total, $143,777.24.
Deficit, $75,029.69 ; eurplus forward, $1,397,602.70 ; net surplus, $1,322,573.01. Forty-six
regular and two special dividends were paid up to and including that of July 1, 1901.
Capital stock, bonded debt, gross and net revenues, etc., for eight years :
Years.
Capital
Stock.
Bonded
Debt.
Total Net Inter-
est
Paid.
DM-
dends
Paid.
Balance
(+ or-).
I
+ 111,300
+ 91,807
- '.(1.747
+ 36,796
+ 68,848
+ 100,355
Cost and RR. Gross Expen- Net
Invest- Oper- Earn- ees and Earn- Reve-
ments. ated. ings. Taxes. ings. nue.
$ $ $ Miles. S 8 I $ $ $
1894. .1,500,000 600,000 2,658,487 113 637,354 428,068 209,286 228,300 42,000 75,000
1895. .1,500,000 600,000 3,070,145 118 606,197 407,313 198,884 208,807 42,000 75,000
1896. .1,500,000 600,000 3,062,228 118 618,048 530,171 87,877 100,253 42,000 150,000
1897. .1,500,000 600,000 3,066,411 118 567,122 423,746 143,376 153,796 42,000 75,000
1898. .1,500,000 600,000 3,069,262 118 659,585 483,221 176,364 185.848 42,000 75,000
1899. .1,500,000 600,000 3,074,191 118 700,204 491,528 208,676 217,355 42,000 75,000
1900. .1,500,000 450,000 3,080,841 118 781,223 684,697 96,526 108,617 34,500 75,000
1901. .1,500,000 450,000 3,088,049 118 783,599 763,930 19,669 26,970 27,000 75,000 - 75,030
General Balance Sheet, June 30, 1901.— Capital stock ($100 shares), $1,500,000 ;
funded debt 1st 6s of July 1, 1925, $450,000 ; current accounts, $110,859.22 ; taxes, not due,
$22,364.26 ; profit and loss, $1,822,573.01— total, $3,405,796.49. Contra : Cost of road, equip-
ment, etc., $3,088,048.62; stocks owned, $4,000; materials and supplies, $9,052.72; cur-
rent accounts, $66,107.97; cash on hand, $238,587.18— total, $3,405,796.49.
Directors (elected June 11, 1901).— R. R. Cable, H. B. Sudlow, fl. S. Cable, Phil.
Mitchell, C. F. Lynde, Rock Island, 111.; A. R. Flower, New York, N. Y.; A. Kimball,
Davenport, la.
R. R. CABLE, President Rock Island, 111.
H. P. Qreenough, Vice-President and Purchasing Agent.. . " "
Treasurer— M. A. Patterson Rock Island, 111. | Sec. & Aud.— E. H. Hudson Rock Island, 111.
PRINCIPAL OFFICE AND ADDRESS Rock Island, 111.
ROOK ISLAND SYSTEM.— CHOCTAW, OKLAHOMA AND GULF RAILROAD
COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW— REFERENCES TO NUMBERS OF SECTIONS.
Capital Stock 7 Gen. Balance Sheet, Oct. 31, 1901. 6 Mileage Operated July 1, 1902.... 2
Car Trust Bonds 9 History 2 Mileage Operated Oct. 31, 1901 1
Coal Mines 2 Income Account, Oct. 31, 1901 — 4 Operations 4
Consol. Mtge. Bonds 10 Lund Department 11 Profit and Loss Acct., Oct. 31, 1901. 5
Directors and Officers 13 Leased Line, Statement for 12 Rolling Stock, Oct. 31, 1901 3
Earnings, Expenses, etc., 1901... 4 Lines Acquired after Oct. 31,1901. 2 Trust Equipment 3
Equipment, Schedule of 3 Little Rock and Hot Sprgs. West- Western Oklahoma RR 8
Funded Debt 8 ern RR 2
1. Mileage Operated, Oct. 31, 1901 (owned absolutely, 635.72 miles).
Main Line Owned : Hopefield, Ark., to Elk City, O. T 608.14 miles.
Branches Owned: Prairie Creek Mine, I. T., 2.08 m. ; Turkey Creek Mine, I. T.,
1.48 m. ; Wilburton Basin, I. T., 5.55 m.; Hartshorne to Gowen, I. T., 3.67
m.; Tecumseh, O. T., 5.49m.; sundry spurs, 9.31 m 27.58 "
PROPRIETARY LINE : Western Oklahoma RR.: Elk City to Say re, 0. T 17.90 "
LEASED ROAD : White and Black River Valley Ry. (see subjoined statement). .. 63.80 "
OPERATED : Little Rock and Hot Springs Western RR. (see Sec. 2a) 22.80 "
Total length of lines operated, Oct. 31, 1901 740 22 miles.
Average mileage operated during the year 643.34 "
Sidings owned, 118 miles. Gauge, 4 ft. 8^ in. Rail (steel, 745.72 miles), 65 and 67 Ibs.
2. History. — Reorganization, Oct. 3, 1894, of the Choctaw Coal and Ry. Co. The
road from Weatherford, O. T., to Howe, I. T., a length of 268.60 miles, was completed in
Nov., 1898, and an extension from Howe to the Arkansas State line, 11.16, on Dec. 1, 1899.
The Tecumseh Ry., 5.16 miles, was purchased in March, 1900, and the Choctaw and Mem-
phis RR , extending from Hopefield, Ark., to the Indian Territory line, a length of 282.04
miles, was purchased on June 27, 1900 (see MANUAL for 1900, page 466). The extension
from Weatherford to Elk City, O. T., 46.24 miles, and the line of the Western Oklahoma
RR., from Elk City to Sayre, O. T., 17.9 miles, were opened for traffic on Oct. 1, 1901. On
POOR'S MANUAL — CHICAGO, ROCK ISLAND AND PACIFIC SYSTEM. 635
Oct. 31, 1901, work was in progress on another line of the Western Oklahoma RR., from
Hartshorn e to Ardmore, I. T., about 117 miles, and on the Choctaw, Oklahoma and Texas
RR., from Sayre, O.T., to Amarillo, Tex., about 112 miles, both of which were completed early
in 1903. This company advanced the amount necessary for the construction of the Choctaw,
Oklahoma and Texas RR., and received all the securities of that road. The amounts ad-
vanrcd up to Oct. 81, 1901, are embraced in the item of bills receivable in the general bal-
ance sheet (Sec. 6). To enable the company to make these advances and to construct an ex-
tension of the Tecumseh Branch to the South Canadian River, a distance of 22 miles, an is-
sue of $2,000,000 common stock was made during the year 1901 and was allotted to the
stockholders of the company at its par value.
During the year ending Oct. 31, 1901, the company took a lease of apart of the Little
Rock and Hot Springs Western RR., from Hot Springs Junction to Benton, Ark., 22.8
rnilrs, and arranged for an extension of the Hot Springs RR. to a connection with the line
thus leased. This company agreed to advance the cost of the work, being secured for such
advances by the pledge of all the securities of the Hot Springs RR. Co., and having the
right to acquire those securities on satisfactory terms.
On May 1, 1902, the company purchased the property and franchises of the Western
Oklahoma RR. Co. for $3,000,000 in consol. mtge. bonds (see Sec. 10), the line from Harts-
horne to Ardmore having been practically completed. On May 3, 1902, the franchises and
property of the Hot Springs RR. Co., including a line of railroad from Malvern to Hot Springs,
a distance of about 22 miles, and an extension from Benton to Butterfield, about 18 miles,
were purchased for $600,000 in consol. mtge. bonds. On the same day the company pur-
chased the property and franchises of the Choctaw Northern RR. Co., including a line of rail-
road from Geary to Alva, O. T., with an extension from Ingersoll, 0. T., to Anthony, Kan.,
a total length of about 137 miles, paying therefor $1,027,000 in consol. mtge. bonds and
$1,027,500 in common stock. These purchases and the completion of the Choctaw, Oklahoma
and Texas RR. and of the Tecumseh Branch extension make the present mileage of the com-
pany as follows :
LINES OWNED (total, 1,101.09 miles).
Main Line: Memphis, Tenn., to Amarillo, Tex 760.00 miles.
Tecumseh Branch : Shawnee to Asher, I. T 25.00 "
Western Oklahoma Div. : Haileyville June., O. T., to Ardmore, I. T 117.00 "
Choctaw Northern Div. : Geary to Alva, O. T 103.60 "
Anthony Extension : Ingersoll, 0. T., to Anthony, Kan 34.00 "
Hot Springs Div. : Malvern to Hot Springs, Ark 22.18 "
Butterfield Extension : Benton to Butterfield, Ark 18.00 "
Branches to Coal Mines (details in Sec. 1) 22.09 "
LINES LEASED (total, 86.60 miles).
White and Black River Valley RR. (see appended statement) 63.80 "
Little Rock and Hot Springs Western RR.: Little Reck to Benton, Ark 22.80 "
Total length of lines, July 1, 1902 1,188.47 miles.
On May 8, 1902, the Chicago, Rock Island and Pacific Ry. Co. purchased practically
the whole capital stock of this company at the price of $60 per share for the preferred stock
and $80 per share for the common stock, payment being made in 4 per cent, bonds secured
by deposit of the shares purchased (see Sec. 5 of C., R. I. & P. Ry. Co.'s statement).
This company's mines are operated by the McAlester Coal Co., as general contractor,
under an arrangement made in 1900. The coal is delivered in the cars at the breakers for a
fixed sum per ton, the price being subject to adjustment from year to year, as the conditions
require.
3. Rolling Stock, Oct. 31, 1901. — Locomotives, 101. Cars — passenger, 47; baggage,
mail and express, 15 ; freight (box, 1,473 ; stock, 263 ; flat, 296 ; coal, 2,001 ; refrigerator, 2 ;
furniture, 125), 4,160 ; service cars, 152 — total cars, 4,374. Of this equipment 4 locomotives
and 93 cars (7 passenger, 1 baggage, etc., 47 box, 33 flat, 1 stock and 4 service) were leased
from the White and Black River Valley RR. Co., and 26 locomotives and 1,518 cars (11 passen-
ger, 5 baggage, etc., 869 box, 508 coal, and 125 furniture) were held under equipment trust.
836 POOR'S MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Under a car trust agreement entered into as of April 1, 1902, the following additional
equipment has been secured: 50 locomotives, 13 passenger cars, 5 chair cars, 1,200 box cars,
100 flat cars, 800 stock cars, and 500 coal cars.
4. Operations, year ending Oct. 31, 1901. — Train mileage — passenger, 872,800 ; freight,
1,121,084; mixed, 14,592; other, 837,534— total, 2,846,010 miles. Passengers carried, 7<;ttt
863 ; carried one mile, 41,064,512 ; average mile rate, 2.73 cents. Tons freight moved, 2,239,-
805 ; moved one mile, 304,257,681 ; average ton-mile rate, 1.10 cents.
Earnings— Passenger $1,120,173 48
Freight 3,356,945 77
Mail and Express 86,53151
Miscellaneous 47,70059
Total ($7,167.83 per mile) $4,611,351 35
Expenses— Maint. of Way and Structures . . $79 1.
Maintenance of Equipment ',K.
Conducting Transportation 1 .-.' ,
General Expenses K>
Total ($3,923.26 per mile) $2,523,991 39
Net Earnings (45.97 p. c.) $2,087,359 96
Net earnings (45.27 p. c.), $2,087,359.96. Payments : Interest on bonds (gen. mtge.,
$260,480.41 ; C. & M. mtge., $176,250; Little Rock Bridge bonds, $22,500), $459,230.41 ;
interest on car trusts, $14,963.90; rental of leased line, $25,000; taxes, $108,224.55; coal
mines operation deficit, $62,316.34— total, $669,735.20. Surplus, $1,417,624.76.
5. Profit and Loss Account, Oct. 31, 1901. — Amount to credit of profit and loss, Oct. 31,
1900, $550,853.76 ; surplus from operations for the year, $1,417,624.76 ; interest on general
account, $11,396.23; premium on bonds sold, $20,480; amount realized from land sales,
$54,374.86 ; miscellaneous, $13,961.73— total, $2,068,691.34. Deduct: Uncollectible accounts
written off, $16,910.76; additions to equipment, $120,000; additions and betterments to
mines, $90,006.34 ; dividends on preferred stock (5 p. c.), $300,000 ; on common stock (4J
p. c.), $320,000 ; stock dividend on common stock, $800,000 ; miscellaneous, $25.550 — total,
$1,672,467.10. Balance to credit of profit and loss, Oct. 31, 1901, $396,224.24.
6. General Balance Sheet, October 31, 1901.
Franchises and Property $21,006,49654
Stocks Owned 2,975 72
Equipment Owned 1,237,304 01
Equipment Leased 1,719,06252
Materials and Supplies 174,263 21
Bills Receivable 550,310 76
Accounts Receivable 448,974 14
Cash 1,289,31526
Other Assets 219,628 70
Total Assets
Common Stock Paid in ($50 shares) $8,800,000 00
Preferred Stock Paid in ($50 shares) 6,000,00000
Funded Debt Outstanding 9,400,000 00
Car Trust Bonds
Car Trust Obligations
Current Liabilities
Accrued Interest, Taxes and Rentals
Reserve Funds
Profit and Loss
788,908 00
412,116 00
199,899 18
25,320 97
396,224 24
Total Liabilities $26,648,330
7. Capital Stocfe. — Preferred stock is entitled to 5 p. c. dividends (cumulative after Nov. 1, 1897)
before any dividend can be paid on common stock. Under an agreement to endure until July 1, 1904, a
majority of the capital stock, both classes, is held in trust by the Girard Trust Co. of Philadelphia, to be
voted by five voting trustees in such a way as to maintain the independence of the company, to secure
the benefit and advantage of all present or future connections, and to prevent any intersecting or con-
necting road from acquiring the control of the company without the consent of the owners of a majority of
the shares. Voting trustees: Samuel Dickson, Wm. H. Jenks, George H. Colket, Effingham B. Morris, and
Chas. E. Ingersoll.
8. Fnnded Debt — The funded debt outstanding on Oct. 31, 1901— total, $9,400,000, as per general
balance sheet — consisted of the following issues (additional particulars will be found in the Ready Reference
Bond List — see General Index):
$375.OOO Litilf Rock Brhltjc l«f gold 6s of July 1,
1919, secured by first mortgage on the bridge over
the Arkansas 'River at Little Rock, Ark. The
bonds have been assumed by the Choctaw, Ok-
lahoma and Gulf RR. Co. There is a sinking
fund of $21,000 per annum commencing in 1903,
under which $20,000 of the bonds may be drawn
each year for redemption at 105 p. c. and accrued
interest.
$5,5OO,OOO gen. gold 5s of Oct. 3, 1919, secured
on the railroad in Oklahoma and Indian Terri-
tories, a total of 291.69 miles, and on the mining
property of the company.
3,525,00(0 1st gold 5s of July 1, 1949, of the
Choctaw and Memphis RR., secured on the main
line in Arkansas, 282.04 miles, and on all other
property and assets formerly of the Choctaw and
Memphis RR. Co. The authorized issue is $3,750,-
000. The bonds have been assumed by the
Choctaw, Oklahoma and Gulf RR. Co.
9. Car Trust Ilomla — The car trust obligations consist of $250,000 (of which $50,000 matured and
was paid on Oct. 1, 1901) Series A 5 p. c. bonds and $1,000,000 Series B 5 p. c. bonds. The Series A bonds
are divided into five successive annual series of $50,01)0 each, maturing and becoming payable on the 1st
of Oct. through five successive yours beginning with 1901. The Series B bonds bear inUrvst at the rate
of 5 p. c. per annum from Aug. 1, 1901, and mature $70,000 each six months from Feb. 1, 1902, to Aug. 1,
1906, and $75,000 each six months from Feb. 1, 1<X>7, to Aug. 1, 1908. The Series A bonds COM r
motives, 250 coal cars, 150 box cars, and 25 furniture cars. The Series B bonds cover 26 locomotives, 11
P^srniror cars, 5 basg-age, etc., cars, 100 furniture cars, 750 coal cars, and 750 box freight curs. Of this
equipment, the following had not been delivered on Oct. 31, 1901: Locomotives, 5; box cars, 31; coal cars,
Principal and interest of bonds are payable in gold. Trustee: Girard Trust Co., Philadelphia, Pa.
POOR'S MANUAL — CHICAGO, ROCK ISLAND AND PACIFIC SYSTEM. 637
Oa. Car Trust Series " C."— On April 1, 1902, there were issued $1,750,000 of 4J p. c. certificates
ii"- the new equipment mentioned under Sec. 3. The total cost of this equipment was $2,185,000, the
u"v paying in cash the amount in excess of the proceeds from the sale of the $1,750,000 certificates.
The latter mature sf'210,000 on April 1, 1U03, and $220,000 each 1st of April from 1904 to 1910.
10. CfiiiHollduted. Mortflfaife Bonds. — Provision has been made for an issue of 5 p. c. 50-yr.
Kold bonds which will be secured by a mortgage of the present property of the company, and all additions
to or extensions thereof, and which will be issued at the rate of $1,000,000 for the coal estates of the com-
i.,nv and $15,000 per mile for all railroad now owned or hereafter acquired. Bonds to the amount of
the present issues of the gen. mtge. and of the Choctaw and Memphis bonds will be reserved only to be used
for the retirement of those issues, so that the bonds outstanding under all mortgages shall not exceed in
tin- •i"-"Tei?ate the authorized issue of the consol. mtge. bonds. There were issued between the close of the
Bscal year and May 15, 1902, a total of $5,062,000 of the bonds for the purchases and extensions referred
11. Land Department.— By the Acts of Congress appoved Feb. 9, 1853, and July 28, 1866, there
\vciv granted to the Memphis and Little Rock RR. Co., through the State of Arkansas, 438,646 acres of land.
The Mississippi River opposite Memphis, and Argenta, opposite Little Rock, are the land grant termini. On
.Tune ;«> 1901, there had been patented 184,657.38 acres. The receipts from the land department during the
year amounted to $14,315.95, and the expenses to $5,400.88, and there are outstanding on account of time
'sales, '$3,292.40. There were sold during the year 4,955 acres of land, and the company still owns 54,267.32
acres.
12. RAILROAD LEASED BY THE C., O. & Q. RR. Co.
White and Black: River Valley Ry.—
Brlnkley to Jacksonport, Ark., 60 m. ; Wiville to
Gregory Ark., 7.5 m.— total, 67.5 m. ; total track
(strci 36.55 m.), 73.75 miles. Rail— iron, 28 to 35
Ibs ; steel, 65 Ibs. Organized In 1890 as successor to
the Batesville and Brinkley RR. Co. (See Manual
for 1891, page 581.) Leased to the C., O. & G. RR.
Co., for 80 years from July 1, 1900, at a rental
equal to the Interest on $500,000 5 p. c. bonds for
the first ten years and on $600,000 5 p. c. bonds
thereafter. Capital stock ($100 shares), $400,000.
Funded debt: $600,000 ($800,000 auth.) 1st mtge. C
p. c. 80-yr. bonds, dated June 30, 1900, interest Jan.
and July. W. J. Thompson, Pres. ; E. G. Thompson,
Treas. ; A. N. Johnson, Sec., Little Rock, Ark. Of-
fice, Little Rock, Ark.
13. Board of Directors, C., 0. & G. RR. Co., as constituted July 1, 1902.
W. H. Moore New York, N. Y.
W.B.Leeds
D.G.Reid "
J. H. Moore New York, N. Y.
Robert Mather Chicago, 111.
George T. Boggs.. .New York, N. Y.
John J. Quinlan.. .New York, N. Y.
J. F. Elder
Charles H. Warren Chicago, 111.
W. B. LEEDS, President Chicago, 111.
C. H. Warren, Assistant to President " "
Secretary— George II. Crosby Chicago, 111. Comptroller— W '. W. Stevenson. . Chicago, 111.
Treasure? — F. E. Hayne " " Auditor— George H. Moore Little Rock, Ark.
PRINCIPAL OFFICE AND ADDRESS Grand Central Station, Chicago, 111.
Operating Office Little Rock, Ark.
ROOK ISLAND SYSTEM.— Controlled Roads.
CHICAGO, ROCK ISLAND AND TEXAS RY.— Terral (State Line) to Fort Worth,
Tex., 92 m.; Bridgeport to Jacksboro, Tex., 28 m. — total, 120 m.; total track (steel; 60 Ibn.),
139.99 miles. Gauge, 4 ft. 8| in. Chartered July 15, 1892 ; main line opened in July, 1898 ;
branch line, Sept. 1, 1898. Controlled by the Chicago, Rock Island and Pacific Ry. Co.
through a financial and traffic agreement outlined in the statement for that company, Sec. 2d.
The company owns no rolling stock, the necessary equipment being supplied by the C., R. I.
& P. Ry. Co.
Operations, year ending June 30, 1901.— Train mileage — passenger, 142,801 ; freight,
338,846; mixed, 19,567 — total, 501,214 miles. Passengers carried, 108,410; carriid one
mile, 4,855,204. Tons freight moved, 743,392 ; moved one mile, 61,554,131. Earnings
—passenger, $127,175.64 ; freight, $812,142.03; mail and express, $27,134.41; other,
$1,967.92— total, $968,4:20. Expenses — transportation, $385,286.16 ; maintenance of
equipment, $17.017.93; way and buildings, $267,344.96 ; general, $29,587.30— total, $699,-
236.35. Net earnings, $269,183.65; other receipts, $4,046.49— total, $273,230.14. Paid inter-
est on bonds, $81,900; on debt, $29,412.74; taxes, $10,582.09— total, $121,894.83. Surplus,
$151,335.31 ; surplus forward, $351,504.29— total, $502,839.60.
General Balance Sheet. June 30, 1901.— Capital stock paid in ($3,000,000 auth.; $150,-
500 subscribed; $100 shares), $7,530 ; funded debt, $1,365,000 ; current liabilities, $510,426.97 ;
profit and loss, $502,839.60— total, $2,385,796.57. Contra: Cost of road, $2,135,437.36;
bills receivable, $83,494.98; current accounts, $146,285.84; cash, $20,578.39— total,
$2,385,796.57.
Funded Debt. — The funded debt consists of 1st 6s of June 1, 1933, authorized at the
rate of $15,000 per mile for road, with an additional $5,000 per mile for equipment (see state-
ment for C., R. I. & P. Ry. Co., Sec. 2d). At a meeting of the stockholders held May 29,
1902, the directors were authorized to execute a mortgage to the Illinois Trust ai.d Savings
Bank, Chicago, 111., to secure an issue of bonds not to exceed $30,000, the proceeds to be
used in building an extension from Jacksboro to Graham, Tex., about 27 miles, and the
bonds to be secured on that extension only.
638 POOR'S MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Directors (elected April 8, 1902).— F. E. Dietrich, S. B. Hovey, Fort Worth, Tex. ; J.
H. Matthews, Z. T. Lowrie, Bowie, Tex. ; J. T. Karris, Ringgold/Tex. ; C. II. Thompson,
Guthrie, O. T. ; FI. A. Parker, Chicago, 111. OFFICERS : WM. B. LEEDS, Pres., Chicago, 111.;
S. B. Hovey, Vice-Pres. & Gen. Snpt. ; F. E. Dietrich, Sec. & Treas., Fort Worth, Tex.
GENERAL OFFICE, Fort Worth, Tex.
ST. LOUIS, KANSAS CITY AND COLORADO RR. (THE).— Union Are., St. Louis,
to Gasconade River, Mo., 110.0 m.; Bonner to Dripping Spring, Mo., 1.4 m.; trackage
(Wabash Rti.), Union Ave. to Union Station, St. Louis, Mo., 4.6 m. — total operated (owned,
111.4 m.), 114.3 miles. Gauge, 4 ft. 8i in. Rail (steel), 60 Ibs. Chartered Dec. 20, 1884, as
St. Louis, Kansas City and Colorado RR. Co. Charter amended Aug. 26, 1888, changing
name to " The St. Louis, Kansas City and Colorado RR. Co." The extension from Union to
Blaud, Mo., 40.06 miles, was put iu operation in May, 1901. An extension is under con-
struction from Bland to and beyond Versailles, Mo., a distance of 75 miles (of which 14.4
miles, from Bland to Gasconade River, Mo., have been completed), and an extension to
Kansas City is projected. To provide the means for building these extensions a mortgage
was executed to secure $20,000,000 of 4 p. c. bonds. The Chicago, Rock Island and Pacific
Ry. Co. has acquired all the outstanding stock and bonds of this company. Equipment,
June 30, 1901.— Locomotives, 4; Cars — passenger, 7; baggage, etc., 2; freight (box, 5 ; flat
and coal, 67), 72 ; service, 1 — total, 82.
Operations, year ending June 30, 1901.— Trains run (passenger, 50,884 ; freight, 41,282),
92,166. Passengers carried, 45,677; carried one mile, 1,309,220. Tons freight moved,
176,179; ton-miles, 3,997,483. Earnings (passenger, $22,732; freight, $66,104; other,
$8,563), $97,399. Operating expenses, $99,480. Deficit from operations, $2,081. Deduc-
tions : Rentals, $30,004; taxes, $2,110— total, $32,114. Deficit for year, $34,195.
General Balance Sheet. June 30, 1899 (latest rendered).— Capital stock paid in
($2,000,000 auth.; $100 shares), $1,600,000; funded debt, $1,381,000 ; loans and bills pay-
able, $1,959,634; current liabilities, $107,766; interest accrued, not due, $34,525; matured
interest coupons unpaid, including those due to June 30, 1899, $731,930 ; other liabilities,
$22,319— total liabilities, $5,837,174. Contra: Cost of road and equipment, $3,851,300;
other assets, $4,866 ; cash and current assets, $10,230 ; profit and loss, $2,030,296— total
assets, $5,896,692.
Funded Debt.— On July 1, 1901, the company executed a mortgage to the Union Trust Co., St.
Louis, Mo., as trustee, to secure an issue of $20,000,000 1st mtge. 4 p. c. 50-yr. gold bonds, secured upon the
entire property of the company, whether now owned or hereafter acquired. Up to May 1, 1902, $3,030,000 of
the new bonds had been issued, partly for the retirement of $1,381,000 old 1st mtge. bonds, and partly to
provide the means for extensions under construction. The bends are issued at the rate of $30,000 per mile
of road. The entire outstanding bonds have been acquired by the Chicago, Rock Island and Pacific By. Co.
GEORGIA RAILROAD AND BANKING COMPANY.
Main Line of Road. — Augusta, Ga., to Atlanta, Ga 171 miles.
Athens Branch : Union Point to Athens, Ga 40 m.
Washington Branch : Barnett to Washington, Ga 18 m.
Macon Branch : Camak to Central RR. Junction, Ga 74 m. — 132 "
TRACKAGE : Central of Ga. Ry. : Macon Branch Junction to Macon, Ga 4 "
Total length of lines 307 miles.
Sidings, etc., 71.86 miles. Gauge, 4 ft. 9 in. Rail (steel, 303 m.), 56 and 65 Ibs.
History. — Chartered as Georgia RR. Co. on Dec. 21, 1833 ; present name adopted under
Act of Dec. 18, 1835 (see MANUAL for 1899, page 417). The banking business has been
turned over to the Georgia RR. Bank, a separate corporation, a majority of whose capital
stock is owned by this company. The railroad property was leased for 99 years on May 7,
1881, to William M. Wadley at a rental of $600,000 a year, payable Sept. 30 and March 31.
The Louisville and Nashville RR. Co. and the Atlantic Coast Line RR. Co. are now joint
lessees. This company holds as security for the performance of the terms of the lease
$500,000 5 p. c. gold bonds of the South and North Alabama RR. Co., and $500,000 1st mtge.
4 p. c. gold bonds of the Atlantic Coast Line RR. of South Carolina.
This company owns one-half interest in the Western Ry. of Ala. (the other half being
owned by the Central of Georgia Ry. Co.), and owns more than a two-fifths interest in the
Atlanta and West Point RR.
Surplus Account (Lessor), April 1, 1902.— Surplus, April, 1901, $782,684.97; receipts
for year (rental), $600,000— total, $1,382,684.97. Contra: Accrued dividends (April, July,
POOE'S MANUAL— GEORGIA RR. AND BANKING CO.
and Oct., 1901, and Jan., 1902, 2£ p. c. eacli), $462,000 ; interest on bonds, $138,000 ; redemp-
tion of old bank notes, $6.25— total, $600,006.25. Balance, $782,678.72.
Statement of the income and capital accounts, Lessor Co., for eight fiscal years :
1895
1896
1897
1898
1899
1900
1901
1902
Lease Rental
$
600,000
11,947
$
600,000
20,313
$
600,000
21,672
S
600,000
24,052
600,000
21,093
1
600,000
19,820
S
600,000
$
600,000
Other Receipts
Net Income
611,947
620,313
11,420
148,000
460,893
(11)462,000
4,200,000
2,500,000
1,360,283
621,672
256
148,000
473,416
(11)462,000
4,200,000
2,500,000
1,171,699
624,052
307
143,000
480,745
(11)402,000
4,200,000
2,500,000
1,190,443
621,093
252
138,000
482,841
(11)462,000
4,200,000
2,500,000
822,385
619,820
268
138,000
481,552
(11)462,000
4,200,000
2,500,000
841,937
600,000
59,252
138,000
402,748
(11)462,000
4,200,000
2,500,000
782,685
600,000
6
138,000
461,994
(11)462,000
4,200,000
2,500,000
782,679
Sundry Expenses
Interest on Bonds
Balances
148,000
463,947
(11)462,000
4,200,000
2,500,000
1,359,443
692,752
64,356
Dividends
Capital Stock...
Funded Debt
Profit and Loss
Income
Sundry Accounts
30,453
32,256
25,590
24,285
20,483
20,245
18,854
Total Liabilities
8,816,551
4,200,000
1,230,000
2,362,442
702 752
8,090,736
4,200,000
1,230,000
7,903,955
4,200,000
1,230,000
7,916,033
4,200,000
1,230,000
7,546,670
4,200,000
1,230,000
7,562,420
4,200,000
1,230,000
1,775,110
7,502,930
4,200,000
1,230,000
1,691,110
7,501, 533
4,200,000
1,230,000
1,709,790
Road and Outfit
Macon and Augusta RR. . .
Stocks, Bonds, etc
Expenses, Interest, etc. . . .
2,362,442
2,164,010
2,164.010
1,175,110
Cash and Cash Assets. . ..
321,357
298,294
309,945
322,023
341,560
357,310
381,820
361,743
Total Resources
8,816,551
8,090,736
7,903,955
7,916,033
7,546,670
7,562,420
7,502,930
7,501,533
Diyidends. — From the organization of the company to the close of the fiscal year 1902
there were paid 155 ca^h dividends aggregating 502| p. c. The dates and rates per cent, of
the dividends to and including that of April 15, 1898, are in the MANUAL for 1898, page 456.
Company's General Balance Sheet, March 31, 1902.
Road and Outfit $4,200,000 00
Macon and Augusta RR 1,230,000 00
Joint Interest in Harrison Block 18,750 00
Stock Ga. RR. Bank 198,2000(1
Stocks and Bonds 1,492,840 00
Bills Receivable 25,00000
Cash (on deposit in Bank) 336,743 10
Total Assets $77501333 10
Capital Stock $4,200,000 00
Surplus 782,678 72
Funded Debt Outstanding 2,500,000 00
Accrued Interest on Bonds Unpaid 2,58000
Unclaimed Dividends 16,274 38
Total Liabilities $7,501,533 10
Funded Debt.— The funded debt outstanding on March 31, 1902, consisted of (1) $1,000,000 6s of
Jan. 1, 1910; (2) $300,000 6s of Jan. 1, 1922, and (3) $1,200,000 5s of Jan. 1, 1922. (Additional particulars are
in the Ready Reference Bond List — see General Index.)
Securities owned by Georgia Railroad & Banking Co., and held by said company for use
of Georgia Railroad Lessees, June 30, 1902:
DESCRIPTION.
PAH VALUE.
LEDGER
VALUATION.
15,000 Shares Stock Western Railway of Alabama, §100 each
$
1,500,000 00
$
900,000 00
5,472 Shares Stock Atlanta and West Point RR. Co., $100 each
547,200 00
561,840 00
31 Bonds Walton Railroad Co., $1,000 each, 6 per cent
31,000 00
31,000 00
Cash Realized from Sale of Union Point and White Plains Railroad Co. Securities,
viz. : 200 Shares of Stock, $20,000, and 84 Bond*, $84,000, for which the Georgia
Railroad and Banking Co. holds note .... ...
25,000 00
25000 00
Total held by Georgia Railroad and Banking Co ' ...
2,103,200 00
1 517 840 00
Securities Owned and Held by the Lessees:
Certificate Indebtedness A. & W. P. RR. Co., 6 per cent
388,900 00
388,900 00
2,800 Shares Common Stock, Gainesville, Jefferson & Southern RR. Co., $50 each.
140,000 00
100 Shares Preferred Stock Gainesville, Jefferson & Southern RR. Co., $50 each..
8,00000
3,333 34
536,900 00
392,233 34
RECAPITULATION.
Securities held by Georgia Railroad and Banking Co
2,103,200 00
1,517,840 00
Securities held by Georgia Railroad Lessees
536,900 00
392,233 34
Total Securities
2,640,100 00
1,910,073 34
640 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Iiicome from Securities Owned. — The income from securities held by the company
($2,059,900 as above) during the year ending March. 31, 1902, was as follows : Dividends on
W. Ry. of Ala. stock, $90,000; on A. & W. P. RR. stock, $56,166; on Ga. RR. & B. Co. stock,
$946— total, $117,112, all of which has been paid over to lessee of Georgia RR. under tho
terms of the lease.
FINANCIAL STATEMENTS OF THE GEORGIA RAILROAD BANK.
Income Account, year ending Dec. 31, 1901.— Earnings— discounts, $102,446.19; ex-
change, $7,236.11; rents and dividends, $8,398.44; profits on stocks sold, $14,039.50 ; old
c'aims, $591.58— total, $132,711.82. Expenses of company and bank, $72,034.63 ; losses in
bad debts, $8,963.25-total, $80,997.88. Net income, $51,713.94; add undivided profits
from last year, $138,622,24— total undivided profits on Dec. 31, 1901, $190,336.18.
Balance Sheet, March 31, 1902.— Capital stock, $200,000 ; undivided profits, $202,105.16 ;
due depositors and banks, $1,827,145.33— total liabilities, $2,229,250.49. Contra : Loans and
discounts, $1,578,782.56 ; bonds and stocks, $60,806 ; banking house and other real estate,
$97,338.26 ; due from banks, $311,894.16 ; cash, $180,429.51— total, $2,229,250.49.
Board of Directors, Ga. RR. & B. Co., elected May 14, 1902.
Jacob Phinizy Augusta, Ga.
Henry D. McDaniel Monroe, Ga.
H. H. Hickman Augusta, Ga.
J.H.Alexander " "
Theo. M. Green Washington, Ga.
Edward M. Butler Madison, Ga.
A. W. Calhoun Atlanta, Ga.
Thomas W. Cpskery. . .Augusta, Ga.
Leonard Phinizy " "
James White Athens, Ga.
K. D. Spaulding Atlanta, Ga.
Wm. A. Latimer Augusta, Ga.
George A. Speer Atlanta, Ga.
William W. Thomas Athens, Ga.
James Tobin Augusta, (.a.
Billups Phinizy Atheri-
Henry B.King Augusta, Ga.
JACOB PUINIZY, President Augusta, Ga.
C. G. Goodrich, Cashier " "
GULF AND SHIP ISLAND RAILROAD COMPANY.
(For map of this road, seepage 641.)
1. Mileage of Road, June 30, 1902 (all owned).
Main Line : Gulfport to Jackson, Miss 159.70 miles.
Handsboro Branch : Gulf port to Handsboro, Miss 4.86
Columbia Branch : Maxie to Columbia, Miss 48.00 "
Laurel Branch : Saratoga to Laurel, Miss 41.00 "
Laurel Branch Extension : Laurel to Kingston, Miss 1.00 "
Total length, of lines, June 30, 1902 254.56 miles.
Sidings, 47.90 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60, 65 and 75 Ibs.
2. History. — Chartered Feb. 23, 1882 ; main line opened from Gulfport to Hattiesburg,
70.10 miles, on Jan. 1, 1897 ; extension from Hattiesburg to Jackson, 89.60 miles, on July 4,
1900. The Columbia Branch and the Laurel Branch were opened in September, 1900 (seo
MANUAL for 1901, page 446).
3. Charter Rights. —The company operates under a perpetual charter granted before the
present State Constitution was adopted. In addition to all tho usual concessions to railways,
and some special ones, the company has rights to land under water, half a mile wide, extend-
ing six miles into Mississippi Sound.
4. Gulfport Harbor and Terminals. — The company is under contract with the United
States Government to dredge a channel about 300 feet wide and 20 feet deep from Gulfport
to deep water, about 6 miles. This channel is expected to be completed about Sept. 1, 1902.
An anchorage basin of the depth of the channel and one-quarter by one-half mile in area is
in course of construction at the shore end. The company is also constructing at Gulfport
an extensive system of piers and docks. The work on the docks and on the channel is so
advanced as to permit of their use.
5. Rolling Stock, June 30, 1902. — Locomotives, 27. Cars — passenger, 17 ; baggage and
mail, 3 ; freight (box, 20; flat, 236), 256 ; service, 147— total, 423. In addition to this equip-
ment, provision has been made for 4 locomotives, 400 flat cars, and 100 box cars. In addition
to its rolling equipment the company owns 1- steam dredge and 6 barges.
MAP OF THE
GULP & SHIP ISLAND
RAILROAD
AND ITS CONNECTIONS.
Helen
MAP SHOWING
PROPOSED
PIERS and TERMINALS
at GULFPORT
41
641
642 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
6. Statement of earnings and expenses for three years ending June 30, 1900-1902:
Tear ending Year ending Year ending
June 30, 1901. June 30, 190a.
263.11
June 30, 1
Average Mileage Operated 153.55
Gross Earnings $456, 139 56
Operating Expenses and Taxes 356,320 18
Net Earnings $99,81938
Gross Earnings per Mile per annum 2,970 63
Expenses and Taxes per Mile per annum 2,320 55
Net Earnings per Mile per annum 650 08
Expenses to Earnings 78.12 p. c.
7. General Balance Sheet, June 30, 1902.
250.10
$1,0:30,848 77
795,559 90
$235,288 87
4,121 75
3,18097
94078
77.17 p. C.
$1,374.
937,f
5,431 17
8,70681
1,7268*
68.22 p. c.
Cost of Road and Equipment $7,774,026 87
Additions and Betterments 731,671 95
Materials and Supplies 118,198 38
Total Capital Assets , $8,623,897 20
Cash 152,432 97
Cash in Transit 23,494 80
Proceeds of Bonds Issued for Improve-
ments under Article 1, Sees. 3 and 4... 325,899 31
Due from U. S. Government 2,625 07
Due from Agents and Conductors 12,377 68
Due from Companies and Individuals 37,385 29
Unexpired Insurance 4,842 75
Total Assets ^. $9,182,955 07
Capital Stock ($100 shares)
Funded Debt (see Sec. 9)
1st Refunding and Terminal Bonds due
for Construction...
,y>,ooo,ooo oo
. 3,087,000 00
. 325,899 31
Total Capital and Mtge. Liabilities. .$8,412,899 31
Unpaid Wages 73,440 48
Drafts in Transit 951 16
Vouchers and Accounts Payable 237,506 10
Due Other Companies and Individuals 44,494 97
Car Trust Notes 9,139 82
Accrued Interest on Bonds 64,302 21
Accrued Taxes 7,308 95
Reserve Funds 53,485 45
Profit and Loss, Surplus 279,42'J ',i;
Total Liabilities and Surplus $9,182,955 0.
8. Voting Trust. — The capital stock is deposited with the New York Security and Trust Co. under
a voting trust agreement dated Dec. 14, 1901, and to endure until Dec. 14, 1906, unless sooner dissolved in
the discretion of the voting trustees — Joseph T. Jones, Harvey Edward Fisk, and Charles K. Beekman.
Voting trust certificates have been issued in lieu of the shares deposited.
9. Funded Debt.— On Feb. 1, 1902, the company executed a mortgage in favor of the New York
Security and Trust Co., New York, N. Y., as trustee, to secure an issue of 1st refunding and terminal
mtge. 5 p. c. 50-yr. gold bonds to the amount of $5,000,000. Of these bonds, $2,750,000 (except $16,000
reserved for replacing an equal amount of 1st mtge. 5s) have been issued for refunding, and $337,000 have
been issued for improving the terminals and other betterments. The rest of the bonds are reserved to com-
plete these improvements and for additional equipment. There is provision for a sinking fund of 1 p. c. per
annum, commencing Jan. 2, 1905, to be used in purchasing and redeeming the bonds at not exceeding 110
p. c. and accrued interest, but no bonds can be drawn thereunder. The bonds are in coupon form for
$1,000 each and in registered form for $1,000, $5,000, or $10,000. Coupon bonds may be registered as to
principal alone or converted into fully registered bonds, and registered bonds may be re-converted into
coupon bonds. Principal and interest are payable in gold, free of all taxes. Interest is payable at the
office of Fisk & Robinson, New York, N. Y.
10. Directors (elected in June, 1902). — J. T. Jones, J. A. Jones, R. E. Powers, Buffalo,
N. Y.; D. H. Jack, Bradford, Pa.; E. J. Bowers, Bay St. Louis, Miss.; T. P. Hale, Gulfport,
Miss.; Chas. K. Beekman, New York, N. Y.; C. L. McClellan, Mt. Vernon, N. Y.; J. H.
Thompson, Plainfield, N. J.
J. T. JONES, Pretident Buffalo, N. Y.
J. A. Jones, \st Vice- President "
Zd Vlce-Pres.—'F. P. Hale Gulfport, Miss. | Sec. & Treas.—R. E. Powers Buffalo, N. Y.
Auditor— Elisha Gee Gulfport, Miss.
PRINCIPAL OFFICE Am> ADDRESS Gulfport, Miss.
Eastern Office Buffalo, N. Y.
Fiscal Agents Fisk & Robinson, New York, N. Y.
LOUISIANA AND ARKANSAS RAILWAY COMPANY.
(For map of this road, tee page 643.)
1. Line of Road Constructed. — Stamps, Ark., to Winnfield, La 125.3 miles.
Under Construction ; Stamps to Hope, Ark 23.0 "
Sidings and spurs, 81.7 miles. Gauge, 4 ft. 8£ in. Rail (steel), 60 Ibs.
2. History. — Incorporated in Arkansas, June 10, 1902, to extend the charter of the
Louisiana and Arkansas RR., all of whose property and assets were taken over on July 1,
1902. The Louisiana and Arkansas RR. was chartered March 18, 1898 ; road opened
from Stamps, Ark., to Spring Hill, La., 25.3 miles, in 1897 ; from Spring Hill to Cotton
Valley, La., 13.2 miles, in 1898. The Arkansas, Louisiana and Southern Ry., extending from
-^ VI ^* i . 31 S lO/;:
filNwfeS
643
044 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Cotton Valley to Sibley, La., 22.2 miles, was bought in 1900, the company having previou
acquired the Minden Ry., extending from Minden to Sibley, La., 5.1 miles. The line from
Sibley to Ashland, La., 31.1 miles, was built in 1900; the extension from Ashland to "NV inn-
field, La., 83.5 miles, in 1902. The extension from Stamps to Hope, Ark., about 23 mile-,
is expected to be finished by Nov., 1902. Further extensions are projected, from Winnfield
southerly to Alexandria, La., 55 miles, and from Winnfield easterly to Natchez, Miss.,
miles. The operations given in Sec. 4 are those of the Louisiana and Arkansas RR.
3. Rolling Stock, June 30, 1902.— Locomotives, 14. Cars— passenger, 4; baggage,
mail and express, 1 ; freight (box, 4 ; flat, 355 ; logging, 131), 490 ; service, 12— total, 507.
4. Operations, year ending June 30, 1902. — Train mileage— passenger, 66,986 ; freight,
146,059 ; mixed, 3,649 ; other, 84,747— total, 301,441 miles. Passengers carried, 64,348 ;
carried one mile, 1,066,502 ; average mile rate, 3.14 cents. Tons freight moved, 732,811 ;
moved one mile, 23,608,181 ; average ton-mile rate, 1.83 cents. Average mileage operated —
1901, 92 ; 1902, 97.
EARNINGS. 1900-01 1901-02
Passenger $22,465 37 $33,460 80
Freight 290,020 65 432,378 36
Mail and Express 4,14254 5,13133
Miscellaneous 7,47434 7,55501
Totals ... . . .1324,102 90 $478,531 50
Totals per Mile 3,52286 4,93331
EXPENSES. 1900-01 1901-02
Maintenance Way & Structures. $56,712 16 875.'.
Maintenance of Equipment 22,676 29 36,504 I'.)
Conducting Transportation 80,810 47 1 -'•,'.:.7!i 1 1
General Expenses 16,40850 21,2'.U "•_•
Totals... ...$176,60742 825«i
Totals per Mile 1,91964
Net earnings, 1901-02 (46.44 p. c.), $222,235.58 ; other income, $2,880.94— total,
$225,116.52. Fixed charges: Intere&t on bonds, $31,500; other interest, $1,501.14; taxes,
$3,776.50— total, $36,777.64. Net profit, $188,388.88; add surplus from July 1, 1901,
$79,854.68— total, $268,193.56. Deduct dividends, $'.209,000 ; reserves for replacements,
$21,777.45; adjustments to June 30, 1902, $37,416.11— total, $268,193.56.
5. General Balance Sheet, June 30, 1902.
Cost of Road fl,259,606 59
Cost of Equipment 252,52999
Materials and Supplies 37,776 60
Cash on Hand 79,743 83
Current Accounts 52,920 86
Total Assets $1,682,577 87
Capital Stock (see Sec. 6) $850,000
Funded Debt (see Sec. 7) 600,000
Current Liabilities
Interest and Taxes Accrued r.
Bills Payable 20,000
Dividends Unpaid 59,000
Reserve Funds _
Total Liabilities $1,682,577
6. Capital Stock.— The capital stock of the Louisiana and Arkansas RR. outstanding on
to be deposited with the Standard Trust Co. of New York under a voting trust agreement to endure i
years.
7. Funded Debt.— The funded debt of the Louisiana and Arkansas RR. outstanding on Dec. 31,
1901, was $550,000 in 1st mtge. 6 p. c. bonds of Jan. 1, 1901, payable in two to twenty-one years. In
Jan., 1902, $50,000 additional bonds were issued. In order to refund these $000,000 6 p. c. bonds and t
provide for betterments, new equipment and extensions, the Louisiana and Arkansas Ry. Co. will >
a mortgage on Sept. 1, 1902, in favor of the Standard Trust Co. of New York, as trustee, to secim- an
issue of 1st mtge. 5 p. c. 25-yr. gold bonds to the amount of $7,000,000. Of these bonds, $1,000,000 will be
set aside specifically to defray the cost of constructing bridges across the Red and Black Rivers, and t la-
rest of them will be issued at not exceeding the average rate of $20,000 per mile of completed road,
proposed to issue $1,500,000 on Sept. 1, 1902. The bonds will be in coupon form with privilege of n
tion, either fully or as to principal alone. Principal and interest will be payable in gold, free of all
taxes. Interest will be payable on March 1 and Sept. 1, at the office of Fisk & Robinson, 3.">
Street, New York, N. Y. The entire amount of bonds outstanding under the mortgage, but n.
part thereof, will be subject to redemption at 110 p. c. and accrued interest on any interest da
Sept. 1, 1907. Beginning with 1907, the bonds will be entitled to the benefit of a sinking fund, $55,000
per annum, to be applied by the trustee to the purchase of bonds at not exceeding 110 p. c. and a.
interest. If it shall be impossible to purchase bonds at this price, the sinking fund may be invested in
securities in which savings banks at that time are authorized to invest under the laws of New York, New
Jersey, Massachusetts or Connecticut.
8. Directors (elected in June, 1902). — Win. Buchanan, Texarkana, Ark.; F. H. Drake,
J. Q. Ferguson, Minden, La.; J. A. Buchanan, W. C. Brown, T. A. Brown, M. Northcott,
Robert Buchanan, Stamps, Ark.
WM. BUCHANAN, President Texarkana, Ark.
F. H. Drake, Vice- President Minden, La.
Sec. & Treas.—J. A. Buchanan Stamps, Ark. | Auditor— J. K. Wadley . . Texarkana, Ark.
PRINCIPAL OFFICE AND ADDRESS Stamps, Ark.
Fiscal Agents Fisk & Robinson, New York, N. Y.
POOR'S MANUAL OF RAILROADS.
645
PENNSYLVANIA RAILROAD COMPANY.
(For map of this system, 8 e page 647. )
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OP SECTIONS.
Boiuls Owned 37
Cap. Expenditures, Lilies W.Pitts. 22
Capital Stock, P. RK. Co 16
Cap. Stock, Lines W. of Pitts.... 24
( ';ir Trusts, Remarks pa 20
Coal Properties, Earnings, etc... 14
erti Die Gold Bonds 33
Cm rent History 40
Directors and Officers 42
J)i\idendsPaidby P. RR. Co 15
Earnings, etc., E. and W. Pitts.,
1S95-1901 28
Earnings, etc., Entire System.. . . 13
Earnings, etc., Lines W. of Pitts. 23
Earnings, etc., P. RR. Div., 18!>5-
1901 8
Earnings, Exp.. etc., 1865-1901... 7
Earnings, Expenses, etc., 1901... 6
Eel River RR 26
Equipment, IH'.IO to I'.tOl 3a
Equipment, Schedule of 3
Floating Equipment 3b
Freight Business, P. RR. Div.,
i!S!« iDoi ' la
Freight Traffic, etc., 1865-1901.. 10
Freight Traffic, E. and W. Pitts 29
Funded Debt, Details of 32
Funded Debt, Lines W. Pitts... 84
Gen. Balance Sheet, 1894-1901.. . 80
Gen. Balance Sheet, Dec. 31, 1901 31
General Remarks 40
Guaranteed Bonds 32a
History 2
Income Account, Years 1900 and
1901 4
Income Accounts, LinesE. Pitts.
and Erie ». . 5
Income, etc., Entire System 13
Income from Bonds Owned 37
Income from Stocks Owned 36
Insurance Fund 35
Leased Lines, Statements for 41
Lines Operated in Detail la
Lines W. of Pitts., Earnings 23
Mileage and Equipm't, 1894-1901. 30
Mileage in Detail la
Mileage of Track, Summary Ib
Mileage Operated Dec. 81, 1901.. 1
New Convertible Bonds 33
Operations & Income, Year 1901. 6
Operations P. RR. Div. ,1895-1901. 8
Pass. Business, P.RR. Div., 1892-
1901 11
Pass. Traffic, etc., J865-1901 9
Pass. Traffic, E. & W. Pitts 29
Pennsylvania Canal Co 21
Profit and Loss Account, Dec. 31,
1901 4a
Property Charged in Construc-
tion Account 34
Relief Dept. Statement 35
Relief Fund Surplus 35
Rolling Stock, Dec. 31, 1901.. . . 3
Securities Owned, 1893-1901..
Sinking Funds, Remarks on.
Stocks Owned
Subsidiary Lines' Statements
Summary, Lines W. of Pitts.
41
27
1. Mileage Operated, Dec. 31, 1901.— A. LINES OWNED (total, 552.13 miles):
Filbert Street Ext.: Broad Street Sta., Philadelphia, to W. Philadelphia, Pa. 0.97 miles.
Philadelphia and Columbia RR.: West Philadelphia, Pa., to Columbia, Pa.. . . 79.79
Pennsylvania RR.: Harrisburg, Pa., to Pittsburgh, Pa 248.25
Delaware Extension : In City of Philadelphia, Pa 7.84
Qirard Point Branch : In City of Philadelphia, Pa
Swanson Street Branch : In City of Philadelphia, Pa 1.22
Schuylkill River Branch : In City of Philadelphia, Pa 3.19
Fifty-second Street Branch: In City of Philadelphia, Pa . , 0.14
Trenton Branch : Glenloch, Pa., to Bucks County Line, Pa 29.94
Frazer Branch : Frazer, Pa., to Junction with West Chester RR. . 1.60
Lancaster Cut-off : Conestoga Junction to Dillerville Junction, Pa 2.42
Tyrone Branch : Tyrone, Pa. , to Vail, Pa 3.15
Lilly Branch : Lilly, Pa. , to Coal Mines 2.12
Ben's Creek Branch : Ben's Creek, Pa.%, to Coal Mines 1.61
Martin's Branch: Main Line, near Portage, Pa., to Coal Tipple 3.63
Wilmore Branch : Near Ben's Creek, Pa., to near Summerhill, Pa 0.60
Sonman Branch : S<mmau, Pa., to Terminus 0.77
Summerhill Branch : Summerhill, Pa., to S nth Fork, Pa 2.03
Brush Creek Branch : Jeannette, Pa., to Terminus 0.54
Johnstown Branch : Near Conemaugh, Pa., to Johnstown, Pa 1.60
Alexandria Branch : Donohoe, Pa., to New Alexandria and Salem Coal Works 8.12
Butt Run Branch : Jeannette, Pa., to Terminus 0.72
Turtle Creek Branch : Stewart, Pa. , to Export, Pa 10.86
Lyons Run Branch : Saunders, Pa., to Terminus 3.87
Manor Branch : Manor, Pa., to Claridge, Pa 4.30
Youghiogheny Branch : Irwin, Pa. , to Gratztown, Pa 10.19
East Pittsburgh Branch : Stewart, Pa., to Carnegie's Union RR , 5.90
Port Perry Branch : Near East Pittsburgh, Pa., to Thomson, Pa 1.32
York Branch : Columbia, Pa., to York, Pa 12.88
Hollidaysburg Branch : Altoona to Hollidaysburg, Pa., and branches to Port-
age Iron Works and Newry, Pa 10.90
Morrison's Cove Branch : Morrison's Cove Junction, Pa., to Henrietta, Pa. . . 18.90
Martinsburg Branch : Martinsburg Junction, Pa., to Martinsburg, Pa 0.70
Bloomfield Branch : Roaring Spring, Pa. , to Ore Hill, Pa 3.00
Petersburg Branch : Morrison's Cove Junction to Petersburg Junction, Pa. . . 31.61
Canoe Creek Branch : Junction Williamsburg Branch to Moores Mill 2.62
Criseman Branch : Junction Canoe Creek Branch to Terminus 1.24
Clapper Branch : Junction Canoe Creek Branch to Terminus 0.76
Springfield Branch : Spriugfie'd Junction to Oreminea, Pa 8.20
Clover Creek Branch : Clover Creek Junction, Pa., to Terminus 2.88
Indiana Branch : Blairsville Intersection, Pa., to Indiana, Pa 18.91
Tearing Run Branch : Tearing Run Junction, Pa., to Terminus 0.83
Homer and Cherry Tree Br.: Homer and Cherry Tree Jc., Pa., to Terminus. 0.45
(Continued on next page.)
646 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Brought forward 552.13 miles.
B. LINES OPEK'D UNDER CONTRACT, PENN. RR. Drv. (total, 1,221.58m.).
River Front RE.: In City of Philadelphia, Pa 0.85 "
Trenton Cut-off RR.: Bucks County Line, Pa., to Junction Trenton Cut-off at
Delaware Division Canal, Pa 15.02 "
ffarrisburg, Portsmouth, Aft. Joy and Lancaster RR. : (see General Index). . 52.64 "
West Chester RR.: Near Morstein, Pa., to West Chester, Pa 5.22 "
Schuylkill and Juniata RR. (P. RR. Div. portion) : West Philadelphia to
Pottsville, Pa., and branches 111.84 "
Downingtown and Lancaster RR.: Downingtown to Conestoga Junction, Pa. 37.58 "
Pomeroy and Newark RR.: Pomeroy, Pa., to near Newark, Del 26.70 "
Lancaster and Reading Narrow Gauge RR. . Lancaster to Quarryville, Pa. . . 15.21 "
Columbia and Port Deposit Ry. : Columbia, Pa., to Perryville, Md 43.21 "
Fork, Hanover and Frederick RR.: York, Pa., to Frederick, Md 55.65 "
Bedford and Bridgeport Ry.: Mt. Dallas, PaA, to Md. Line, and branch 49.17
I.ewisVg & Tyrone 7£.R.(P.RR.Div. portion): Tyrone to Fairbrook, Pa., and brs. 27.28 "
Bald Eagle Vy. RR. (P. RR. Div. portion) : Vail to Lock Haven, Pa. and brs. 83.18
Tyrone and Clearfield Ry.: Vail to Grampian, Pa., and branches 139.16 "
Tipton RR.: Tipton, Pa., to Coal Mines, Pa 4.44
Cresson and Irvona RR.: Cresson, Pa., to Irvona, Pa., and branches 29.54
Cambria and Clearfield RR. : C resson Jc. to Hoover's Mil 1 Br. Jc. , Pa. , and brs. 102. 66
Ebensburg and Black Lick RR.: Ebensburg to Vintondale, Pa., and branches. 20.88
South Fork RR.: South Fork, Pa., to near Dunlo, Pa., and branch 12.17
Scalp Level RR. : Lovett, Pa., to Scalp Level, Pa., and branches 24.69
Western Pennsylvania RR.: Bolivar to Allegheny City, Pa., and branches. . . 137.51 "
South West Pa. Ry.: Near Greensburg to Fairchance, Pa., and branches 125.55 "
Masontown and New Salem RR.: Moser Run June., Pa., to Buffington, Pa.. 6.04 "
Pittsburgh, Virginia and CJiarleston Ry.: Pittsburgh, South Side, Pa., to West
Brownsville, Pa., and branch 84.28 "
Monongahela and Washington RR.: Near Mon'gahela City to Ellsworth, Pa. 11.06
Total Pennsylvania RR. Division 1,773.66 miles.
C. LINES OPERATED UNDER CONTRACT, UNITED RRs. OP N. J. DIVISION 466.31 "
D. LINES OPERATED UNDER CONTRACT, PHILADELPHIA AND ERIE RR. Div. 597.10
E. LINES OPERATED UNDER CONTRACT, BUFFALO AND ALLEGHENY Vy. Drv. 809.28 "
Total length of railroad lines operated by the Pa. RR. Co., Dec. 31, 1901. . . 3,646.35 miles.
Delaware and Raritan Canal (U.N.J.RR.&C.Co.): Bordentown, N. J., to New
Brunswick, N. J., with feeder from Raven Rock, N. J., to Trenton, N. J. 66.00 "
Total length of all lines operated by the P. RR. Co., Dec. 31, 1901 3,712.35" miles.
Second track on lines owned, 376.99 m. ; third track owned, 277.29 m. ; fourth track owned,
216.80 m.; sidings owned, 701.08m. — total length of all track on main lines and branches
owned by Penn. RR. Co., Dec. 31, 1901, 2,124.29 miles, of which 2,108.55 miles are laid with
steel rails. Gauge, 4 ft. 9 in. Rail, 56, 60, 67, 70, 75, 85, and 100 Ibs., P. RR. standard pattern.
The Rockville Branch, Rockville, Pa., to Dauphin, Pa., 2.83 m. (with 1.89 m. of 3d
track and 3.23 m. of sidings), is owned by this company, but operated by the Northern
Central Ry. Co. The mileage of that branch is not included in this statement. In
addition to its railroads, the Pennsylvania RR. Co. operates in connection with its United
New Jersey Division, the Hudson River Ferries, 1 m., and the Delaware and Raritan Canal,
44 m., and feeder, 22 m. ; and operates jointly with the Central RR. Co. of New Jersey, the
New York and Long Branch RR., 38.04 miles.
la. Statement showing the length, Dec. 31, 1901, of railroads and tracks in the several
operating divisions into which the Pennsylvania RR. Co.'s system is subdivided :
DIVISIONS.
United RRs. of N. J. Div.
NEW YORK DIVISION.
New Jersey RR
Harsimus Branch
Centre Street Branch
New York Bay RR
Passaic Branch
Lister Branch
Newark Bay Branch . . .
West Newark Branch. . . .
Perth Amboy&Woodb.RR.
Bonharnptou Branch
First
Track.
JK
33.52
1.55
1.47
2.20
4.36
0.67
0.16
2.05
6.40
1.89
Second
Track.
M.
33.52
1.45
1.09
4.36
1.67
4.67
Total
Track.
M.
245.30
37.06
4.62
2.88
11.49
0.67
0.16
4.39
15.01
2.33
DIVISIONS.
NEW YORK Div. — Cont.
Millstone & N. Br'sw'k RR.
United RRs
Kingston Branch
Rocky Hill RR
Princeton Branch
Trenton Delaware Bridge
Philadelphia <fc Trenton RR.
Trenton Cut-oft P. RR
River Front RR
Commerce Street Branch
Canal Street Branch
Fir?t
Track.
Second
Track.
6.64
23.02
4. Iti
23.02
2.38
3.11
0.19
26.50
0.68
S.77
0.76
0.24
0.19
2C.50
O.C8
a. 27
Total
Track.
M.
7.56
115.46
4.19
3.49
7.62
0.76
133.75
1.96
6.76
2.
O.S
648 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
DIVISIONS.
First
Track
Secon<
Track
Total
Track
DIVISIONS.
First
Track
Secom
Track
NEW YORK Div. — Cont.
Connecting Ry
JC
36.
M.
13.
jr.
104 7
BEDFORD DIVISION.
If.
00 "
if.
a.
Delaw. River RR. & Bridg
Branch No. 1
4.
0.
4.4
9.7
0.7
Dunning's Creek Branch
10.4
Branch No. 8
0.
3.8
O.ff
8.81
1.24
7.7
Total Bedford Division
49.1
69.48
Total New York Division
171.
121.2,
732.28
TYRONE DIVISION.
Tyrone Branch
3 1
1 8S
AMBOT DIVISION.
Camden and Am boy RR.
61.2s
31 4/
199 50
Lewisburg&T.RR.(WestEn
Scotia Branch
19. 9(
5 :
21.10
6 11
Jamesburg Branch U. RR
5 5
5 5f
13 5
Juniata Branch
2 0
Freeh. & Jamesb. Agr. RR
27.5
0.7
35 9
Bald Eagle Valley RR. . . .
5i. a
64 84
Bordentown BranchU.RR
6.1
1 W
9 7
Snow Shoe Branch
22. 2*
27 19
Colum., Kin. & Spring. RR
10.84
11 9
Sugar Camp Branch. . .
4.7
6 05
Florence Br. C. & A. RR
2.1
2 4
Grauer Branch ..
2.0E
2 18
Cam. & Bnrl. County RR
22. 4t
29 84
Belief onte Branch
2 9
6 40
Burl. &Mt. Holly Br...
7.1
12 4
Tyrone and Clearfield Ry. .
49. &
7 7
77 18
Mt. H., Lum'n & Med. RR
5.9
6 9
Osceola Branch.. .
0 7
1 10
Vincentown Branch RR.
2.84
3 3
Moshannon Branch.. .
11.9
4 5f
20 14
Phila. & Long Branch RR
46.08
51 33
Big Run Branch
2.4.
2 78
Brown's Mills Branch .
1.80
2 O1
Mosh. & Clearfi. Branch
8.8
10 64
Island Heights Branch..
Phil. & Beach Haven RR.
1.1
12.09
1.5
14.54
Beaver Branch
Leskie Branch
0.8,
1.3
1.00
2.08
Total Amboy Division . .
213.02
38.80
395.23
Ednie Branch
0.7
0.34
1.11
0 44
•p> -p.
Forsy th Branch
0.38
0 50
Coal Run Branch
3 96
4 96
157.8
Morgan Run Branch
4.05
5 64
Goss Run Branch No 1
1 9
Total Belvidere Division
82.1
1.92
160.70
Goss Run Branch, No. 2
1.56
1.74
Total U. SRs. ofN.J.Div
466.3
161.97
1,288.2
Houtzdale Branch
1.26
0 7
1.26
1 02
New York & Long Br. BR
38.04
38.04
98.90
Amesville Branch
Amesville Branch Ext. .
Amesville Branch, No.3
2.3
2.08
2.3
2.98
3.04
2.70
Pennsylvania RE. Div
Kendrick Branch
0.7
Madera Branch
8.44
11 31
PHILADELPHIA DIVISION.
Filbert Street Extension
Pennsylvania RR. . .
0.97
79 79
0.97
79 79
9.15
409 01
Little Muddy Run Br. . .
Muddy Run Branch
Smoke Run Branch . . .
3.08
3.35
0 9
4.04
6.34
1 42
Schuylkill River Branch. . .
Delaware Extension...
1.70
7 84
1.66
7 63
10.43
64 91
Banian Branch
Betz Branch
2.66
3.51
2 15
Swanson Street Branch..
Girard Point Branch.
Schuylkill Riv. Br. Ext
1.22
2.06
1.49
1.22
3.59
12.31
1 65
Pine Run Extension
Beulah Branch
Mapleton Branch, No. 1
4.90
0.54
3.20
5.61
0.78
8 83
River Front RR
0.85
1 30
Mapleton Branch, No. 2
2.24
3 10
Fifty-second St. Branch.
0.14
0.14
0 57
Mapleton Branch, No. 3
0.92
1.37
Frazer Branch
1.60
2 07
Philipsburg Branch . . .
3.49
4 48
West Chester RR
5.22
7 12
Derby Branch
1.19
1 68
Trenton Branch . . .
29 94
29 94
74 61
Graham Branch
1 58
1 82
Trenton Cut-off
15 02
15 02
37 38
Liveright Branch
0 97
1 08
Downingtown & Lane. RR.
37.58
41 18
Pennville Branch. . . .
1.62
1 95
Pomeroy <fe Newark RR
26 70
Lancaster Cut-off P. RR. . '. \
Lane. & Rdg. Narrow G. RR
Harris., P., Mt. J. & L. RR. .
Columbia Branch
2.42
15.21
33.50
18.15
2.42
"ss'.hb
18.15
9.17
18.44
97.71
47.27
Total Tyrone Division. . .
ALTOONA DIVISION.
Pennsylvania RR
252.77
4.94
14.16
4 94
356.17
134 23
Total Phila. Division. . . .
SCHUTLKILL DIVISION.
281.40
190.44
876.58
Hollidaysbnrg Branch
Morrison's Cove Branch.
Bloomfleld Branch. . .
10.90
18.90
3 00
1.29
20.20
20.68
3 74
Schuylkill and Juniata RR..
Pencoyd Branch
91.44
1.2s
88.42
178.43
1 61
Martinebnrg Branch
Petersburg Branch
0.70
81.61
1.15
40 28
Phoemxville Branch.
10 65
1 34
14 06
Canoe Creek Branch
2.62
Sixth Street Branch .
0.98
2 58
Crissman Branch
1.94
1 34
Primrose Branch . .
7.49
10 73
Clapper Branch
0.7(1
0 86
Springfield Branch
8 20
10 41
Total Schuylkill Division
111.84
39 76
207 41
Clover Creek Brancu ....
2.38
4 29
FREDERICK DIVISION.
Columbia Bridge
1 11
1 11
Total Altoona Division . .
83.25
6.23
239.88
York Branch
York, Hanover & Fred'k RR
11.77
55.65
16.03
63.85
PlTTSBl'IlGH DIVISION.
Pennsylvania RR
115 74
115 ~4
*M) 11
Col. & Port Deposit Ry. . . .
43.21
56.08
Lilly Branch ....
2.12
Total Frederick Division.
111.74
137.07
Sonman Branch
Martin's Branch. .
1.61
0.77
3.63
4.11
8.18
7 39
MIDDLE DIVISION.
Harris., P., Mt. J. & L. RR. .
0.99
0.99
11.04
\Vilmore Branch
Summerhill Branch
0.60
2.08
0.60
4.16
Tipton RR
4.44
6.78
Johnstown Branch
36.86
1.60
4.18
0.55
61.15
Total Middle Division. . .
133.00
128.56
563.88
Sang Hollow Extension..
Alexandria Branch
16.49
8.12
18.67
14.59
POOR'S MANUAL — PENNSYLVANIA RR. CO.
649
DIVISIONS.
First
Track.
Second
Track.
Total
Track.
DIVISIONS.
Firit
Track.
Second
Track.
Total
Track.
PITTSBURGH Div.— Cont.
Southwest Pa. Ry. ... ...
Unity Branch
M.
44.79
3.88
M.
17.55
M.
106.72
6.16
2.76
3.79
10.74
16.61
2.94
8.54
1.86
2.30
2.69
1.73
1.28
0.43
1.43
0.92
1.87
4.19
1.33
1.20
0.46
1.76
5.93
4.60
9.22
1.23
1.20
0.38
11.09
2.38
7.27
1.35
1.97
0.34
0.54
0.97
8.23
14.37
13.40
4.91
6.81
WEST. PENN. Div. — Cont.
Blairsville Branch
M.
1.50
M.
M.
1.86
0.82
2.32
3.23
3.06
5.66
9.42
85.81
0.72
24.72
0.90
0.45
Black Legs Creek Branch . .
Avonmore Branch
0.77
2.11
Lippincott Branch
1.49
W hitney Branch
1.75
Apollo Branch
1.98
Radebaugh Branch
3.95
11.45
1.71
7.87
3.95
LeechburgB ranch
2.57
Hempfleld Branch
Andrews Run Branch.
Sewickley Branch
Schenley Branch
5.05
Winfleld Branch
8.47
Pittsburgh Branch
27.60
0.30
27.60
Boyer Run Branch
Brinker Run Branch. . .
Mammoth Branch
Bessemer Branch . .
1.82
2.10
2.37
1.65
Bailey's Run Branch
Indiana Branch
Tearing Run Branch
18.91
0.83
Homer & Cherry Tree Br.
Total West. Pa. Division.
MONONGAHELA DIVISION.
Pittsb., Va. & Charleston Ry.
Pittsb. & White Hall Br. . .
Monon. Riv. & Sts. Run Br.
Port Perry Branch P. RR. .
McKeesport& Bessemer Br.
0.45
1 21
Westmoreland Branch . . .
Ruffsdale Branch
0.43
1.24
141.21
53.20
1.73
0.78
1.32
1.52
4 91
39.29
52.08
257.09
191.38
2.52
1.83
4.33
2.86
5.22
11.45
23.04
1.34
3 50
Tarr Branch
Stonerville Branch
0.65
1.51
Scottdale Branch
1.87
Overton Branch
1 24
June Bug Branch
1.20
Schoonmaker Branch
Moorevvood Branch . .
Texas Branch
0.46
1.73
4.98
1.31
Everson& Broad Ford Br.
Opossum Run Branch . .
Morrell Branch
Mahoning Branch
1.92
5.87
1.18
1.12
Monongahela & Wash. RR.
Redstone Branch
Keister Branch
Vance's Mill Branch. .
11.06
16.56
1.34
2 91
Dunbar Branch
Coal Lick Run Branch
Rainey Branch ....
0.38
8.07
2.37
Bute Run Branch
Total Monongahela Div. .
Total Pa. RR. Division..
Buffalo and Allegheny
Valley Div.
BUFFALO DIVISION.
Union Terminal RR
1.33
96.66
53.34
1.64
249.11
Mason. & N.Salem RR.
6.04
1 32
1,773.66
2.30
118.42
22.31
613.75
1.63
14.78
4,127.85
38.97
200.90
29.09
1 71
Wynn Branch
Brush Creek Branch
0.26
0.54
Bull Run Branch
0.72
Manor Branch
4.30
Youghiogheny Branch
Turtle Creek Branch
10.19
10.86
Lyons Run Branch
East Pittsburgh Branch ....
Total Pittsburgh Division
CAMBRIA & CLEARFIELD Div.
Cambria and Clearfleld RR..
Ebensburg Branch
Ebensb.& Black LickRR.
Coal Pit Run Branch. .
Shun -- Run Branch. .
Susquehs;rantExtension. . .
3.87
5.90
Western N. Y. & Penn. Ry..
McKean and Buffalo RR. . .
357.54
49.59
4.81
18.93
1.10
0.85
17.61
141.97
977.38
65.29
5.92
22.55
1.61
1.95
24.13
0.98
2.32
0.80
4.47
2.61
1.72
1.99
4.84
3.29
0.70
9.15
1.73
0.65
0.84
2.20
2.89
0.59
1.24
2.79
0.61
0.54
31.46
1.68
1.65
0.67
Total Buffalo Division. . .
ROCHESTER DIVISION.
Genesee Valley Canal RR —
• Genesee Vy. Term. RR. . . .
143.03
98.54
2.46
16.41
263.96
121.16
7.70
12.80
Rochester,N.Y.&Penn.RR.
Total Rochester Division
CHAUTAUQUA DIVISION.
Western N. Y. & Penn. Ry., )
Buffalo, N. Y., to Oil V
City, Pa )
12.00
Lnther . i
0.63
1 86
113.00
136.28
8.48
141.66
168.69
9.93
11.90
65.06
82.20
15.36
4.13
11.21
3.15
0.55
Walnuina ACCl"us. Ex.
2.25
1 68
Gardner'XTRAORDh
1 23
Patton Brji-—-...^^ :n ..
Patton BraXPenaed in * .
Patton Braitional T.-
Patton Brai. _ INO. 4
1.24
2.16
3.00
0.46
Lakeville Branch
8 90
Hastings Branch
5.81
1 52
Western N. Y. & Penn. Ry., f
Oil City to Irvineton, Pa. (
Western N. Y. & Penn. Ry.,
Warren, Pa., to Olean, >
NY 1
50.19
60.06
14.04
2.51
10.00
2.29
St Lu Branch . .
0.43
La Jose Branch
0.55
Burnside Branch
1.55
•••'"•
McCoy's Run Branch
2.19
Kinzna Ry
Bradford Ry
Kinzua Valley RR
Olean, Bradford and War-
ren Ry
Whitehead Branch
0.59
Brady's Run Branch
Glen Campbell Branch
0.78
1 46
Hoover's Mill Branch
0.34
Suter Branch
Cresson and Irvona RR
26.67
Total Chautanqua Div. . .
RIVKB DIVISION.
292.74
132.50
1.81
6.80
20.06
371. (53
259.58
2.25
9.22
Stevens Branch
1.52
Beaver Dam Branch
0.85
Hegarty Branch
0.50
Total Cam. & Cl'f 'd Div.
WEST. PENNSYLVANIA Div.
Western Pennsylvania RR. . .
Sang Hollow Extension. . .
153.08
70.67
203.86
118.12
11.69
Indian Run Branch
Plum Creek Branch
Total River Division
140.61
20.06
271.05
650 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
DIVISIONS.
First
Track.
Second
Track.
Total
Track.
DIVISIONS.
First
Track.
Second
Track.
Total
Track.
Low GRADE DIVISION.
Allegheny Valley Ry '.
Shgo Branch
Total Low Grade Division
Total Buffalo & AllegWy
Vy. Dw
M.
109.70
10.20
M.
M.
151.61
10.96
EASTERN DIVISION.
Philadelphia and Erie RR . . .
Tangascootac Branch
M.
91.37
3.60
.)/.
53.85
M.
199.24
9.14
3.80
5.53
10.71
66.19
0.24
Williamsp't & Linden Br.
Williamsport Lumber Br.
7.39
1.93
4 32
119.90
162.57
809.28
94.00
36.47
12.92
1,210.87
185.03
Bald Eagle Valley RR
9.45
Lewisb.S, Tyr. RR. (E.End)
Lewisburg Bridge
57.60
0.24
Phila. & Erie HE. Div.
WESTERN DIVISION.
Philadelphia and Erie RR . . .
Total Western Division. .
MIDDLE DIVISION.
Philadelphia and ErieRR...
Johnsonburg RR
Total Eastern Division..
SUNBURY DIVISION.
Schuylkill and Juniata RR. . .
Total Sunbury Division. .
LEWISTOWN DIVISION.
Schuylkill and Jtmiata RR . .
Total Lewistown Division
Total Phila. & Erie RE.
Division
175.90
122.21
53.85
5.22
298.60
192.73
94.00
102.19
19.69
12.92
22.59
185.03
194.41
26.29
37.27
122.21
55.88
5.22
192.73
75.24
55.88
75.24
Ridgway and Clear-field RR.
Total Middle Division.. .
27.23
597.10
94.58
1,009.57
149.11
22.59
257.97
Ifo. The following is a recapitulation of the mileage of lines and tracks either owned,
leased, operated, or controlled by this Co. east of the cities of Pittsburgh and Erie, Dec. 31,
1901 :
GENERAL DIVISIONS.
First
Track.
Second
Track.
Third
Track.
Fourth
Track.
Co. Sidings.
Total
Track.
United Railroads of New Jersey Div.
New York and Long Branch RR
M.
466.31
38.04
M.
161.97
38.04
M.
. 88.37
M.
86.38
M.
485.18
22.82
M.
1,288.21
98.90
Pennsylvania RR. Division
1,773.66
613.75
308.11
231.79
1,200.54
4,127 85
Buffalo and Allegheny Valley Div. . . .
809 28
36.47
365.12
1,210.87
Philadelphia and Erie RR. Div
597.10
94.58
317.89
1,009.57
Northern Central Railway Lines
381.06
135.56
0.79
0.77
240.35
758.53
Phila., Wil. and Baltimore RR., etc.. .
West Jersey and Seashore RR. Lines.
669.23
329.52
180.49
95.94
29.03
1.29
12.11
258.05
93.54
1,148.91
520.29
Grand Total Miles of Tracks
5,064.20
1,356.80
427.59
331.05
2,983.49
10,163.13
There was a decrease of 2.78 m. of line and an increase of 220.08 m. of track during 1901.
2. History. — Chartered April 13, 1846 ; construction begun in July, 1847 ; and main line
from Harrisburg to Pittsburgh opened Feb. 15, 1854. Between Harrisburg and T • -ladelphia
the line is made up of the Philadelphia and Columbia RR. (originally a State n.\ and the
Harrisburg, Portsmouth, Mt. Joy and Lancaster RR., the former purchased and the
latter leased in 1861. (See MANUAL for 1892, page 834.) 4.94 4..
3. Rolling Stock, Dec. 81, 1901. — Locomotives (passenger, 509 ; fre'. ]8;j$ j: shifting,
243), 2,016. Cars owned as follows :
PASSENGER TRAIN CARS.
Passenger 1,093
Passenger— Second Class 67
Parlor 6
Dining 20
Passenger-Baggage 217
Passenger-Baggage-Mail 13
Baggage-Mail 60
Baggage and Express 114
Baggage-Express 161
Refrigerator-Express 16
Postal 61
Dynamometer 1
Passenger (Elec. Motor) B. &
Mt. H. T. RR 3
Total Passenger Train Cars. 1,832
FREIGHT CARS.
Box 11,781
Refrigerator 752
Stock 1.929
Gondolas 32,618
Four-Wheel Cabin 906
Tank Cars (Green Line) 614
Box (Empire Line) 4,190
Refrigerator (Empire Line). ... 60
Cabin...
3.00
0.70
/>;i
Tool an, >o f .<
Snow-plr^5l- '
BnowBv«
Derrick. . .
fe '
40
... 107
3
.•£*•;>'.'•: .:: 74
Stone ant fo; '//./'j/.-ucke, and
Flat Ca?(t£?£& 1,123
1,088
4
Hand True '}
Test Weight1.'
Total Service Cars ........ 3,248
Total Freight Cars ........ 52,800
The preceding statement embraces only the equipment absolutely owned by the company,
and therefore does not include 33,521 freight cars, with a capacity of 1,287,680 tons, leased
under various Car Trusts and under the Equipment Trust Gold Loan.
POOR'S MANUAL — PENNSYLVANIA RR. CO.
651
3a. Statement of rolling stock Pennsylvania RR. System for twelve years ending Dec. 31 :
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
Locomotives
1,385
1,183
235
9,546
1,419
15,596
638
1,110
80
2,485
35,170
1,435
1,244
250
12,053
2,9211
19,122
696
1,096
10
2,632
35,413
1,503
1,322
291
13,288
2,929
21,087
734
1,092
9
8,692
41,300
1,805
1,379
383
13,288
2,929
22,292
734
1,088
9
2,755
42,176
1,803
1,388
374
14,313
2,929
22,888
757
1,084
1,803
1,388
374
14,313
2,929
23,209
782
1,045
1,803
1,386
379
15,610
1,929
23,959
782
1,029
1,803
1,386
37'9
15,015
1,929
29,254
782
1,010
1,803
1,386
394
16,113
1,929
31,992
782
755
1,848
1,386
393
16,730
1,926
32,591
815
635
1,889
1,386
393
16,733
1,929
32,607
890
625
2,016
1,416
416
16,733
1,929
32,618
906
614
Paesi-ngiT and Emigrant
Cars Uair<*agt', Mail, etc
Care — Freight, Box
Cars- Freight, Stock
Cars Freight, Gondola I
Cars— Freight, Coal I
Cars — Freight, Caboose
Cars -Oil, Tank
Cars Marl .
Cars Freight, Service
3,081
40,644
3,088
41,127
3,088
44,334
3,139
38,798
3,156
41,808
3,159
49,391
3,231
54,065
3,248
33,521
Cars— Owned by Car Trust Cos., etc.
NOTE. — In the preceding statement the figures for the years 1890 to 1892 inclusive, include the equipment
of the United RRs. of New Jersey, and for the other years covered by the table they take in all three divisions.
3fo. Floating' Stock, Dec. 31, 1901. — Steam ferryboats, 14 ; tugboats, 82; steam lighters,
3 ; barges, 91 ; flat scows, 30; dump BCOWS, 4 ; car floats, 68; canal barges, 22; dredgers, 3 —
total, 267.
4. General Income Account, All Lines, years ending December 31, 1901 and 1900.
Disbursements. 1901 1900
Kentals, Leased and Operated $ $
Roads, etc 14,643,144 34 12,224,520 34
Interest on Funded Debt. . . . 4,254,585 40 4,267,538 73
Int. on Stock Allotment 172,502 68
Int. on Mtge. & Ground K'nts. 162,636 71 149,366 75
Interest Car Trusts 1,503,173 42 989,901 38
Interest General Account.... 200,67826 566,77940
Sinking Fund, Equip. Trust
Gold Loan 136,40000 136,40000
Taxes of Penn. RR. Co 1,474,606 71 1,121,723 86
Payments account joint guar-
anty with No. Cent. Ry. Co.
on lines north of Elmira
andMiscellaneousAcc'ts... 85,61160 75,50283
Total Payments 22,460,836 44 19,654,235 97
Net Income 22,194,330 11 17,277,530 71
1901 1900
Net Earnings from Opera- $ $
tions (as above) 36,070,252 14 30,440.621 19
To which add :
Interest from Investments of
Pennsylvania RR. Co ...... 7,781,720 38 5,781,297 30
Interest on Securities of
United New Jersey RR. &
Canal Co., and other In-
come 255,17028 245,18757
Interest on branch and other
roads for Use of Equipment 444,489 19 390,732 31
Profits from Sundry Acc'ts. . 103,534 56 73,928 31
Total Income 44,655,166 55 36,931,766 68
4a. Net Income, year ending Dec. 31, 1901, as per preceding statement. .$22,194,330 11
From which the following amounts were deducted :
Payment to the Trust of Oct., 1878, for the Purchase of Se-
curities Guaranteed by the Pennsylvania RR. Co., or Issued
or Guaranteed by the Pennsylvania Co $109,673 45
Pennsylvania HR. Co.'s Consolidated Mortgage Bonds, Sink-
ing Fund Account 402,390 00
EXTRAORDINARY EXPENDITURES.
Amount Expended in Revision of Grades and Alignment, and
for Additional Tracks, Piers, Yards, Bridges, Station, and
Other Terminal Facilities, Abolition of Grade Crossings,
and Increase of Equipment 10,824,594 66
Cash Dividend of 6 per cent 10,857,672 00— 22,194,330 11
Amount to Credit of Profit and Loss December 31, 1900 $22,485,304 29
Profit Realized from Premium on Allotment of Stock, Sales
of Securities, and Payment of Past due Coupons, less
Amounts Advanced to Coal and other Companies, and
Amounts Charged Off in Reduction of Value of Securities. . $10,861,928 63
Deduct: — Balance of Extraordinary Expendi-
tures for the year 1901 $3,536,756 64
Amount Transferred to Extraordi-
nary Expenditure Fund 5,000,000 00— 8,536,756 64— 1,825,171 99
Amount to credit of Profit and Loss, Dec. ;•',!, 1901 1 $24,310,476 ^8
652 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOB CLASSIFICATION.
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POOR'S MANUAL — PENNSYLVANIA RR. OO.
6. Operations, etc., for the year ending Dec. 31, 1901 :
655
Pennsylvania
RR. Division.
United RRs.
of N. J.
Division.
Phila. & Erie
RR. Division.
Buffalo and
Allegheny
V'y Division.
Total.
Miles of Railroad Operated
Train Mileage — Passenger
1,773.66
9,440,803
466.81
. 5,995,720
621.99
1,595,124
809.28
2,405,207
3,671.24
19,436,854
Freight
17,363,416
2,935,503
2,955,999
2,688,171
25,943,089
Other
16,624,163
5,259,014
2,389,124
3,341,638
26,613,934
Total Engine Mileage
43,428,382
14,190,237
6,940,247
7,435,011
71,993,877
22,704,985
17,980,414
2,451,112
3,562,084
46,698,595
Passengers Carried One Mile
481,336,031
405,996,255
60,846,599
102,284,808
1,050,463,693
67,215,700
*22,889,968
20,121,061
12 ,020,064
122,246,793
Tons of Freight Moved One Mile
8,721,579,078
tl, 315,227,824
1,732,689,806
944,129,781
12,713,626,489
Earnings — Passenger
$
9,896,478 64
$
8,597,223 39
$
. 1,343,020 96
2,066,540 17
$
21,903,263 16
Freight
46.130,667 23
13,597,334 34
8,449,784 36
5,722,153 23
73,899,939 16
Mail
1,174,124 69
467,340 84
74,802 96
100,897 99
1,817,16648
Express
1,007,240 89
884,274 34
92,198 47
89,220 65
2,072,934 35
Miscellaneous
337,949 24
204,698 08
36,423 20
49,065 83
628,13635
Rents
298,563 92
306,964 70
43,053 21
87,021 26
735,603 09
Delaware and Raritan Canal.
272,762 63
272,752 63
Total Earnings.
58 845,024 61
24,330,588 32
10,039,283 16
8,114,899 13
101,329,795 22
Expenses— Maintenance of Way, etc. . .
Maintenance of Equipment.
Conducting Transportation .
General Expenses . .
7,105,608 43
9,718,417 43
17,946.832 23
1,343,52004
2,796,863 02
2,513,856 63
11,357,276 11
305,584 93
1,261,68894
1,465,504 71
3,064,694 11
123,583 59
1,499,79307
1,389,930 13
2,949,11015
85,630 53
12,663,953 46
15,087,708 90
35,317,912 60
1,858,319 09
Delaware and Raritan Canal.
331,649 03
331,649 03
Total Expenses ....
36 114 378 13
17 305 229 72
5 915 471 35
5,924,463 88
65 259,543 08
Net Earnings
22 730 646 48
7 025 358 60
4,123,811 81
2,190,435 25
36,070,252 14
Grosa Earnings per Mile
33 177 17
49,450 57
16,140 59
10,027 31
27,254 69
Operating Expenses per Mile
20,361 50
34,312 59
9,510 56
7,320 66
17,420 44
Net Earnings per Mile
12,815 67
15,137 98
6,630 03
2,706 65
9,83425
Expenses to Earnings
61 37 p. c
(70. 55 p. c. 1
58.92 p. c.
73.01 p. c.
64. 40 p. c.
Earnings per Passenger per Mile
2.056 c.
| 121.59p.C. j
1.877C.
2.207C.
2.02c.
1.992C.
Expenses per Passenger per Mile
1.527C.
1.369c.
1.657C.
1.611 c.
1.482C.
Profit per Passenger per Mile
0.529 c.
0.508C.
0.550C.
0.409 C.
0.510C.
Earnings per Ton per Mile
0.529 c.
1.048C.
0.488 c.
0.606c.
0.582C.
Expenses per Ton per Mile
0.330C.
0.805C.
0.283C.
0.453 c.
0.381 c.
Profit per Ton per Mile
0.199 c.
0.243 c.
0.205 C.
0.153C.
0.201c.
* Including 547,453 tons on Delaware and Raritai
on Delaware and Raritan Canal.
Canal. t Including 17,274,025 tons moved one mile
7. Statement showing earnings, expenses, and rentals of all lines operated directly by
the Pennsylvania RE. Co. from 1865 to 1901, inclusive :
(4
c3
9
fcH
Gross
Earnings.
Operating
Expenses.
Rentals
Paid.
Net Earn'gs
to Penn.
RR. Co.
%
9
H
Gross
Earnings.
Operating
Expenses.
Rentals
Paid.
Net Earn'gs
to Penn.
RR. Co.
1865
$
19,533,310 28
$
14,913,969 41
$
848,778 46
$
3,770,562 41
1884
$
48,566,917 84
$
30,527,016 02
$
8,592,606 66
$
9,447,295 16
1866
19,124,934 63
14,726,484 53
1,019,412 25
3,379,037 85
1885
45,615,033 55
29,479,764 84
8,530,931 69
7,604,337 02
1867
18,673,916 30
13,941,538 39
962,147 80
3,770,-J30 11
1886
50,379,077 00
32,619,594 61
8,935,245 73
8,824,236 €6
1868
20,037,747 67
13,697,035 73
1,186,647 34
5,1. -'4,064 60
1887
55,671,313 13
37,086,584 80
9,136,177 95
9,448,550 38
1869
1870
20,513,517 02
20,675,751 53
14,321,479 55
13,591,87862
1,341,280 48
947,073 13
4.850,756 99
6,136,799 7'8
1888
'1889
58,172,077 66
61,514,445 11
39,331,15314
41,096,805 64
9,608,649 23
10,042,171 73
9,232,275 29
10,375,467 74
1871
22,262,10058 14,296,69668
1,202,040 33
6,763,363 57
1890
66,202,259 83
44,980,554 67
10,421,046 18
10,800,658 98
1872
36,448,503 36
24,112,901 01
4,746,166 08
7,589,436 27
1891
67,426,840 81
45,947,444 62
10,482,132 76
10,997,263 43
1873
39,983,138 91
26,237,850 05
5,117,926 18
8,627,362 68
1892
68,841,844 76
48,819,361 30
10,228,271 91
9,794,211 55
1874
37,386,427 27
22,357,349 59
6,230,864 26
8,798,213 42
1893
66,375,223 83
46,996,017 28
9,971,695 64
9,407,510 91
1875
34,464,104 38
21,094,461 31
6,201,72853
7,167,914 54
1894
58,704,284 58
40,363,746 57
8,956,440 95
9,384,097 06
1876
36,891,060 99
22,081,22934
6,308,828 92
8,501,002 73
1895
64,627,178 72
44,510,056 31
8,896,061 39
11,220,461 02
1877
31,117,146 18 19,028,467 24
6,351,242 12
5,737.436 82
1896
62,096,502 16
43,459,326 91
8,824,163 09
9,813,01266
1878
31,636,734 58 118,468,993 71
5,994,433 17
7,173,307 70
1897
64,223,113 15
43,257,626 59 9,718,430 42
11,247,056 14
1879
34,620,279 17
20,382,740 15
6,245,11316
7,992,425 88
1898
65,603,737 95
44,510,015 85 10,315,771 90
10,777,950 20
1880
41,260,072 49
24,625,047 57
7,029,072 53
9,605,952 39
1899
72,922,984 95
50,344,633 64
11,320,448 82
11,257,90249
1881
44,124,182 83 26,709,809 93
7,116,391 18
10,297.981 72
1900
88,539,827 21
58,099,206 02
12,224,520 34
18,216,10085
1882
1883
49,079,833 62
51,083,252 10
30,647,405 45
31,747,150 44
7,906,169 52
8,417,123 32
10,526,258 65
10,918,978 34
1901
101,329,795 22
65,259,543 08
14,643,144 34
21,427,107 80
656 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
8. Statement of operations, traffic, and revenues Pennsylvania BR. Division for 7 years:
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad
1,672.41
34,706,425
8,736,087
24,531,788
1,438,550
17,968,292
343,197,137
46,545,093
26,799,052
6,036,462,519
i
6,886,689
967,554
771,559
30,472,735
500,464
1,695.09
32,718,889
8,684,341
22,633,601
1,398,947
18,014,779
343,2(59.927
42,161,635
23,241,573
5,558,485,412
$
6,927,838
970,602
715,785
28,190,849
556,511
1,712.60
32,981,548
8,635,760
22,995,587
1,350,201
17,061,650
332,252,125
47,630,820
26,144,830
6,248,596,176
s
6,628,149
970,092
715,194
29,702,220
561,713
1,723.01
35,164,633
8,132,191
15,519.646
11,512,796
18,275,569
369,543,736
51,550,639
28,325,618
6,833,638,3?>0
$
7,290,246
971,440
753,648
29,651,949
609,512
1,760.37
39,992.394
8.405.362
17.487,589
14,039,443
19,887,703
415,784,992
61,526,176
33,386.356
8,109,571,545
|
8,247,582
983,261
822,632
38.223.609
630,299
1,807.11
42,293,219
9,035,185
18,185,459
15,072,575
21,402,972
450,715,976
64,439,342
36,690,041
8,726,462,614
8
9,180,256
1,000.465
897.926
42,010.575
685,114
1,773.66
43,428,388
9,440,803
17,363,416
16,624,163
22,704,985
481,336,031
67,215,700
37,001,478
8,721,579,078
9,896,479
1,174,125
1,007,241
46,130,667
636,513
Train Miles
Passenger *
Freight *
Distributing
Passengers Carried
Passenger Mileage
Freight (tons) Moved. . .
Coal and Coke
Freight (ton) Miles
Passenger Earnings
Mail Earnings
Express Earnings
Freight Earnings
Other Receipts
Gross Earnings
Gross Expenses . . .
Net Earnings
39,500,001
26,032,873
.37,361,585
25,354,541
38,577,369
24,832,012
39,276,795
25,744,563
43.907.383
29.566. 133
53,834.337
34,215,'; 04
58,845.025
36,114,378
13,566,128
23,677 81
15,566 08
8,111 73
65.74 p. c.
12,007,044
22,04100
14,957 64
7,08342
67.86 p. c.
13,745,356
22,525 61
14,499 59
8,026 02
64.37 p. c.
13,532,232
22,795 45
14,941 62
7.853 83
65.55 p. C.
14,341,249
25,159 52
16,941 79
8,217 73
67. 34 p. c.
19,618,633
29,79029
18,933 94
10,856 35
63. 56 p. c.
22,730,646
33,177 17
20,361 50
12,815 67
61.37 p. C.
Gross Earnings per Mile
Gross Expenses per Mile
Net Earnings per Mile..
Expenses to Earnings . .
* For the years 1898, 1899, 1900 and 1901 train mileage represents mileage of freight and passenger trains
only^-all helping, shifting, or work train mileage and mileage made by engines and cabooses without cars
being excluded.
9. Statement showing passengers, mileage, earnings, expenses, and averages on passenger
business on all railroads operated directly by the Pa. RR. Co. from 1865 to 1901, inclusive :
Year.
Miles of
Railroad.
Passengers
Carried.
Passengers
One Mile.
Earnings.
Average
Earnings
per Pas-
senger per
Mile.
Expenses.
Average
Expenses
per Pas-
senger per
Mile.
Average
Net Earn-
ings per
Passenger
per Mile.
Miles.
No.
Miles.
$
Cents.
$
Oente.
Cents.
1865.
856.00
3,611,086
232,019,815
6,376,079 14
2.748
4,303,071 37
1.8H
0.893
1866. .
887.00
3,368,983
162,395,880
4,681,191 66
2.883
4,101,40941
2.526
0.357
1867. .
890.00
3,983,028
147,540,084
4,256,343 52
2.885
3,966,942 03
2.689
0.196
1868. .
896.00
4,376,498
156,632,079
4,241,58582
2.708
3,984,468 11
2.544
0.164
1869. .
915.00
4,880,401
169,772,8:34
4,304,101 45
2.535
3,718.659 28
2.190
0.345
1870. .
927.00
5,014,924
169,972,984
4,364,481 43
2.568
3,611.554 05
2.125
0.443
1871. .
1,028.00
5,384,869
172,678,024
4,483,535 42
2.596
3,504,276 14
2.029
0.567
1872. .
1,530.00
13,967,690
361,676,659
9,637,166 69
2.665
6.915,345 64
1.1)12
0.753
1873. .
1,574.00
15,057,153
372,048,475
9,887,634 75
2.658
7,613,540 51
2.046
0.612
1874. .
1,599.00
15,020,063
364,532,316
9,488,968 56
2.603
6,251,057 94
1.715
0.888
1875. .
1,631.00
14,456,864
344,234,876
8.857,619 67
2.573
6,191,289 39
1.199
0.774
1876. .
1,690.00
18,363,366
623,208,759
12,817,473 64
2.057
6,572,572 70
1.055
1 002
1877. .
1,782.00
13,007,832
298,752,730
6,940,498 97
2.323
5,326,087 97
l.fM
0.540
1878
1,782.00
12,792,305
292,725,524
6,759,426 43
2.309
5,013,723 42
1.713
0.596
1879. .
1,872.00
13,602,401
314,260,989
7,085,949 36
2.255
5,370,228 17
1.709
0.546
1880. .
1,875.61
16,575,042
382,787,186
8,504,387 22
2.222
6,407,692 10
l.«M
0.548
1881. .
1,956.00
18,985,409
446,316,555
9,602,768 67
2.152
7,207,500 69
1.615
0.537
1882 .
2,047.06
21,887.992
496,202,927
11,160,816 55
2.249
8,252,581 22
1.663
0.586
1883. .
2,102.16
23,081,858
505,180,481
11,605,253 42
2.297
8,215,365 70
1.026
0.671
1884. .
2,267.81
25,164,131
512,873,485
11,582,198 17
2.258
8,314,586 21
1.021
0.637
1885. .
2,316.41
27,642,018
568,664,914
11,087,445 00
1.950
8,337,776 94
1.466
0.484
1886. .
2,387.77
31,090,271
576,906,276
12,194,830 84
2.114
•9,292,592 61
1.611
0.503
1887. .
2,412.34
35,785,769
657,362,557
13,968,909 51
2.125
10,363.715 40
1.577
0.548
1888. .
2,435.72
38,168,374
681,684,854
14,259,507 77
2.092
10,517,506 83
1.543
0.549
1889. .
2,456.07
40,189,893
727,312,735
15,140,342 75
2.082
11,106,42534
1.527
0.555
1890. .
2.500.72
43,810,382
778,818,917
16,177,150 55
2.077
11.710,22729
1.504
0.573
1891 . .
2;573.46
44.810,727
795,098,618
16,331,44485
2.054
12,725,352 33
1.600
0.454
1892. .
2,657.57
46,648,572
843,819,609
16,709,533 94
1.980
33,332,046 93
1.580
0.400
1893. .
2,723.75
44,135,320
813,652,864
16,264,101 22
1.999
12,884,347 53
1.584
0.415
1894. .
2,737.07
38,596,160
693,010,056
13,703,799 46
1.977
10,961,541 83
1.582
0.395
1895. .
2,741.42
37,452,437
712,072,950
13,909,506 33
1.953
11,331,48973
1.591
0.302
1896. .
2,721.46
36,170,220
699,799,213
13,744,556 70
1.964
11,070,381 51
1.582
0.382
1897. .
2,747.35
34,997,524
693,279,336
13,506,671 28
1.948
10,729,96801
1.548
0.400
1898. .
2,755.71
35,962,566
745,962,679
14,410,746 46
1.988
l'UiSS.916 S3
1.433
0.4M
1899. .
2,803.81
38,029,922
823,304,623
16,010,831 80
1.945
11.753,97858
1.428
0.517
1900. .
3,647.94
41,922,569
918,198,602
18,181,081 77
1.980
13,153.45786
1.465
0.51J,
1901. .
3,671.24
46,698,595
1,050,468,693
20,928,395 37
1.992
15,563,611 29
1.482
0.510
POORS MANUAL— PENNSYLVANIA RR. CO.
667
1O. Statement showing tonnage, mileage, earnings, expenses and averages on freight
business on all railroads operated directly by the Penn. RR. Co. from 1865 to 1901, inclusive :
Year.
Miles of
Railroad.
Tons
Moved.
Tons
One Mile.
Earnings.
Average
Earnings
per Ton
per Mile.
Expenses .
Average
Expenses
per Ton
per Mile.
Average
Net Earn-
ings per
Ton per
Mile.
Miles.
No.
Miles.
$
Cents.
$
Cents.
Cents.
1866. .
856.00
3,090,681
452,183,478
12,277,490 68
2.715
10,610,867 32
2.347
0.368
1866. .
887.00
4,001,455
579,839,073
13,453,592 72
2.320
10,625,075 12
1.832
0.488
1867.
890.00
4,501,232
646,231,881
13,464,201 69
2.083
9,974,596 36
1.544
0.539
1868 .
896.00
5,518,729
806,376,652
14,9*3,779 28
1.858
9,712,567 62
1.204
0.654
1869. .
915.00
6,294,066
927,714,156
15,439,739 81
.664
10,602,820 27
1.143
0.521
1870. .
927.00
7,041,688
1,014,652,970
15,252,314 99
.503
9,971,625 98
0.983
0.520
1871. .
1,028.00
8,404,334
1,244,328,216
16,852,662 82
.354
10,777,144 98
0.866
0.488
1872. .
1,530.00
13,246,456
1,629,613,645
23,797,237 02
.460
16,181,517 88
0.993
0.467
1873. .
1,574.00
15,647,509
1,870,537,537
26,987,820 76
.443
18,286,725 39
0.978
0.465
1874. .
1,599.00
15,604,922
1,916,591,690
24,715,418 15
.290
15,554,659 70
0.812
0.478
1875. .
1,631.00
15,772,722
2,026,190,425
22,807,660 00
1.126
14,362,136 16
0.709
0.417
1876. .
1,690.00
17,064,958
2,221,739,198
21,132,56023
0.951
14,657,083 29
0.660
0.291
1877. .
1,782.00
16,382,268
2,086,659,438
21,149,389 38
1.014
12,834,226 82
0.615
0.399
1878. .
1,782.00
17,597,447
2,368,330,428
21,961,447 75
0.927
12,752,696 07
0.538
0.389
1879. .
1,872.00
22,867,162
2,974,925,881
24,500,960 21
0.824
14,287,532 62
0.480
0.344
1880. .
1,875.61
26,051,091
3,239,482,799
29,750,291 99
0.918
17,490,054 88
0.540
0.378
1881 . .
1,956.00
30,895,376
3,631,829,468
31,128,521 00
0.857
18,773,389 24
0.517
0.340
1882. .
2,047.06
34,181,016
3,911,845,087
34,205,596 31
0.874
21,685,852 22
0.554
0.320
1883. .
2,102.16
35,684,662
4,059,970,201
35,764,506 82
0.881
22,807,493 84
0.562
0.319
1884. .
2,267.81
36,632,571
4,134,657,237
33,242,301 60
0.804
21,399,835 67
0.518
0.286
1885. .
2,316.41
39,481,385
4,446,470,651
30,895,747 98
0.695
20,435,253 72
0.460
0.235
1886. .
2,387.77
42,833,499
4,584,355,908
34,623,877 39
0.755
22,566,369 73
0.492
0.268
1887. .
2,412.34
50,033,297
5,214,900,569
38,080,823 85
0.730
25,912,845 49
0.497
0.233
1888. .
2,485.72
55,708,046
5,796,816,928
40,175,773 83
0.693
27,944,386 20
0.482
0.211
1889. .
2,456.07
58,373,489
6,170,513,980
42,302,176 16
0.686
29,182,838 01
0.473
0.213
1890. .
2,500.72
66,648,730
6,994,332,633
45,783,597 23
0.655
32,404,558 91
0.463
0.192
1891 . .
2,573.46
66,500,209
7,081,702,979
46,650,184 10
0.659
32,363,057 68
0.457
0.202
1892 .
2,657.57
71,120,736
7,582,760,849
47,460,452 77
0.626
34,479,972 67
0.455
0.171
1893. .
2,723.75
69,129,790
7,426,109,131
45,606,999 25
0.614
33,211,201 34
0.447
0.167
1894. .
2,737.07
63,972,269
6,902,828,482
40,412,551 20
0.585
28,630,373 98
0.415
0.170
1895. .
2,741.42
77,598,378
8,152,343,461
45,922,018 18
0.563
32,338,868 22
0.397
0.166
1896. .
2,721.46
72,322,609
7,707,883,205
43,500,713 27
0.564
31,521,301 55
0.409
0.155
1897. .
2,747.35
78,927,656
8,535,158,008
45,770,174 10
0.536
31,498,826 46
0.369
0.167
1898. .
2,755.71
84,220,747
9,214,565,495
45,939,773 48
0.499
32,744,026 12
0.355
0.144
1899. .
2,803.81
100,054,226
10,875,076,597
51,395,733 16
0.473
37.376,428 13
0.344
0.129
1900. .
3,647.94
108,847,515
11,922,671,210
64,390,452 51
0.540
43,395,536 62
0.364
0.176
1901. .
3,671.24
121,699,340
12,696,352,464
73,899,939 16
0.582
48,391,006 19
0.381
0.201
11. Statement of passenger operations of the Pennsylvania RR. Division for ten years
ending Dec. 31, 1901 :
Year.
RR.
Oper-
ated.
Pas-
senger
Earnings.
Total
Earnings.
Oper-
ating Ex-
penses.
Net
Earnings.
Passen-
gers
Carried.
Passengers
Carried
One Mile.
AVERAGE PER MILE.
Earn-
ings.
Ex-
penses.
Profit.
1892...
1893
1894
M.
1,591
1,647
1,668
1,672
1,695
1,713
1,723
1,745
1,807
1.774
$
8,555,536
8,481,14r
6,641,525
6,886,689
6,927,838
6,628,149
7,290,246
8,247,582
9,180,256
9.896.479
$
42,359,540
40,119,356
35,072,425
39,599,001
37,361,585
38,577,369
39,276,794
43,907,382
53,834,337
58.845,025
$
28,558,713
27,171,809
23,220,038
26,032,873
25,354,541
24,832,013
25,744,563
29,566,133
34,215,704
36.114.378
$
13,800,827
12,947,547
11,852,387
13,566,128
12,007,044
13,745,356
13,532,231
14,341,249
19,618,633
22.730,646
No.
21,490,479
20,150,574
17,213,157
17,968,292
18,014,779
17,061,656
18,275,569
19,887,703
21,402,972
22.704,985
No.
417,933,732
410,061,500
322,023,897
343,197,137
343,269,927
332,252,125
369,543,736
415,784,992
450,715,976
481,336,031
Cts.
2.047
2.068
2.062
2.007
2.018
1.995
1.973
1.984
2.037
2.056
Cts.
1.656
1.618
1.723
1.643
1.644
1.622
1.432
1.414
1.496
1.527
Cts.
0.391
0.450
0.339
0.364
0.374
0.373
0.541
0.570
0.541
0.529
1895
1896
1897
1898
1899
1900
1901...
12. Statement of freight operations of the Pennsylvania RR. Division for ten years
ending Dec. 31, 1901 :
Year.
RR.
Oper-
ated.
Freight
Earnings.
Total
Earnings.
Operating
Expenses.
Net
Earnings.
Tons
Freight
Moved.
Tonnage
Mileage.
PER TON PER MILE.
Earn-
ings.
Ex-
penses.
Net.
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
M.
1,591
1,647
1,668
1,672
1,695
1,713
1,723
1,745
1,807
1,774
«
31,375,255
29,307,131
26,101,280
30,472,735
28,190,849
29,702,220
29,651,949
33,223,609
42,070,575
46,130,667
S
42,359,540
40,119,356
35,072,425
39,599,001
37,361 ,585
38,577,369
39,276,794
43,907,382
53,834,337
58,845,025
8
28,558,713
27,171,809
23,220,038
26,032,873
25,354,541
24,832,013
25,744,563
29,566,133
34,215,704
36,114,378
$
13,800,827
12,947,547
11,832,387
13,566,128
12,007,044
13,745,356
13,532,231
14,341,249
19,618,633
22,730,646
No.
41,871,149
38,919,612
36,566,929
46,545,093
42,161,635
Miles.
5,494,581,323
5,284,654,957
5,037,778,228
6,036,462,519
5,558,485,412
Cts.
0.571
0.555
0.518
0.505
0.507
0.475
0.434
0.410
0.462
0.529
Cts.
0.394
0.389
0.351
0.338
0.355
0.311
0.299
0.292
0.315
0.330
Cts.
0.177
0.166
0.167
0.167
0.152
0.164
0.135
0.118
0.167
0.199
47,680,82(5
51,550,639
61,526,176
64,439,342
67,215,700
6,248,596,176
6,833,638,350
8,109,571,545
8,726,462,614
8,721,579.078
42
658 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
13. Income Accounts. — Statement showing the income accounts of all transportation
companies, east and west of Pittsburgh and Erie, owned, operated or controlled by, or
affiliated in interest with the Pennsylvania RR. System for the year ending Dec. 31, 1901 :
COMPANIES EAST
OF PlTTSBUBGH AND
ERIK.
Gross
Earnings.
Net
Earnings.
Other
Income.
Gross
Income.
Int*rest,Bent-
al.H, Dividend!,
other Charges
Including Ex-
traordinary
Expense!.
Surplus or
Deficit.
Increase or
Decrease as
Compared
with 1000.
Pennsylv. RR. Co..
*p.,w. &B.RR.CO.
W. J. &8ea.RR. Co.
North. Cent. Ry. Co.
Cumb.Vy. RR. Co..
Indep. COB., East. ..
Cos. East, Total 1901
Cos. East, Total 1900
Increase
101,329,795 22
11,808,64903
3,678,693 20
8,266,957 98
1,110,03271
5,987,875 73
$
36,070,252 14
3,748,807 33
918,943 27
2,511,96895
402,569 66
1,708,016 02
$
8,584,914 41
612,000 55
24,00954
594,306 59
20,304 45
292,827 76
*
44,655,166 55
4,361,407 88
942,952 81
3,106,275 54
422,874 11
2,000,843 78
$
44,655,166 55
4,361,40788
942,952 81
3,106,275 54
404,201 21
2,112,604 37
$
?
/>. 127,250 10
S. 18,672 90
D. 111,76059
I). 3S,G34 38
/. 1M.13S37
132,181,40387
115,266,300 72
45,360,557 37
38,403,325 65
10,128,963 30
7,735,622 30
55,489,520 67
46,188,947 95
55,582,608 36
46,089,289 53
D. 93.087 69
S. 49,658 42
D. 142,746 11
16,915,103 15
29,054,544 92
24,290,892 20
3,654,725 31
7,296,473 40
j- 2,148,838 44
6,957,231 72
8,742,506 42
7,015.568 16
895,388 83
2,173,630 71
725,840 40
2,393,341 00
3,505,365 98
271,928 32
9,350,572 72
12,247,872 40
7,287,496 18
895,388 83
2,194,482 36
870,760 40
9,493,318 83
10,563,945 00
6,915,947 24
873,437 39
1,598,472 07
256,730 12
Cos. WEST op PITTS-
BURGH AND ERIE.
Pennsylvania Co. . .
P.,C.,C.&S.L.Ry.Co.
Gr.Rap.&In.Ry.Co.
Indep. Cos., West..
"•Operated by V. T.
Malott, Receiver :
T. Haute & Ind. RR.
T. H. & Peoria RR..
Cos .West, Total 1901
tCos.W'st, Total 1900
Increase
S. 1,683,927 40
S. 371,549 24
S. 21,951 44
S. 596,010 29
S. 614,030 28
I. 564,325 35
D. 176,19327
D. •;
I. 182,333 59
/. 277,654 02
20,85165
144,92000
66,445,474 27
59,970,052 98
19,552,934 52
16,334,751 86
3,943,065 95
2,638,161 28
23,496,000 47
18,972,913 14
20,208,531 82
16,529,920 51
S. 3,287,468 65
S. 2,442,99263
1. 844,476 02
6,475,421 29
3,218,182 66
1,304,90467
4,523,087 33
3,678,611 31
Grand Total, 1901 1
(10,485.21 miles), f
Grand Total, 1900 )
(10,216.99 miles), f
Inc. (268.23 miles)
198,626,878 14
175,236,353 70
64,913,491 89
54,738,077 51
14,072,029 25
10,373,783 58
78,985,521 14
65,111,861 09
75,791,140 18
62,619,210 04
S. 3,194,38096
S? 2,492,651 05
I. 701,729 91
23,390,524 44
10,175,414 38
3,698,245 67
13,873,660 05
13,171,930 14
* For the year ending Oct. 31, 1901. f Includes, for purposes of proper comparison, result of opera-
tions of New Castle Branch — Western New York and Pennsylvania Ry., Jan. 1 to July 31, and Wheeling
Bridge and Terminal Ry. (now Wheeling Terminal Ry.), Jan. 1 to June 30, 1900; also of Terre Haute and
Indianapolis and Terre Haute and Peoria RR. Co. for year ending Oct. 31, 1900.
14. The combined operations of the anthracite coal properties controlled by the Penn-
sylvania RR. Co. for eight years ending Dec. 31, 1901, were as follows :
Year.
Gross
Earnings.
Operating
Expenses.
Excess of
Expensed.
Other
Receipts.
Gross
Income.
Deduc-
tions.
Balance,
Deficit.
1894
7,070,457 59
6,517,751 57
5,947,486 94
6,206,714 75
6,209,831 45
5,547,852 46
6,850,9a3 82
8,440,826 89
$
7,280,287 63
7,058,486 96
6,226,920 19
6,409,772 61
6,474,540 89
5,729,275 83
7,012,531 41
8,534,612 09
8
209,83004
540,735 39
279,433 25
203,057 86
264,709 44
181,423 37
161,547 59
93,78520
302,964 22
380,648 62
324,498 93
289,619 44
260,672 90
21,752 72
21,891 50
21,341 14
93,134 18
d. 160,086 77
45,06568
86,561 58
d. 4,036 54
d. 159,670 65
d. 139,656 09
d. 72,44406
$
421,643 95
377,940 92
336,20690
331,293 91
186,976 30
295,818 23
312,318 85
373,451 58
S
328,50977
538,02769
291,141 22
244,732 33
191,012 84
455,488 88
451,974 94
445,895 64
1895
1896
1897
1898
1899
1900
1901
15. Dividends. — Since 1856 the Pennsylvania RR. Co. has paid cash dividends in every
calendar year. The average yearly rate of dividends during the past 45 years is over 7 p. c.
and resulted in the disbursement of over $200,000,000. Previous to 1856 interest at the rate
of 6 p. c. per annum was paid on all stock subscription installments with the approval of the
board of directors and the stockholders, and under authority conferred by the Legislature of
the State of Pennsylvania. The dividends paid upon the capital stock in 1899 amounted to
5 p. c. , and in addition thereto an allotment of 10 p. c. of the capital stock was declared, to
which the stockholders were entitled to subscribe at par. (See General Index for 8-year
Dividend Table.)
16. Capital Stock. — The authorized amount of capital stock of the Pennsylvania RR. Co.
on Dec. 31, 1900, a» shown on page 683 of the MANUAL for 1901, was $151,700,000, divided
POOR'S MANUAL — PENNSYLVANIA RR. CO. 659
into 3,034,000 shares of the par value of $50 each. Of these shares 3,080,045 of an aggre-
gate par value of $151,502,250 were outstanding. On March 12 and 26, 1901, the stock-
holders voted to increase the authorized amount of capital stock of the company by the sum
of $100,000,000 to $251,700,000, the company at the same time, as a necessary prerequisite,
accepting the provisions of the Constitution of Pennsylvania which went into effect Jan 1,
1874. Under the power thus conferred, an allotment was made by the board of directors,
to the shareholders, of 33£ per cent, of their holdings on April 26, 1901, at $60 per share,
amounting to $50,500,800. This increase appears in the general balance sheet (Sec. 31), and
the proceeds thereof were applied to the payment of the temporary collateral investment obli-
gations amounting to $20, 650,000 (see MANUAL for 1901, page 689), the purchase of additional
railway securities, the payment for the stock of the Long Island RR. Co., the redemption of
bonds upon various roads in the system, and the general corporate purposes of the company.
Under resolutions of the board of directors of Sept. 25, 1901, and Oct. fl, 1901, additional
capital stock was issued in Nov., 1901, to the amount of $1,392,600, divided into 27,852
shares of the par value of $50 a share. The purpose of this increase was to provide the
means to acquire the 18,568 shares of the capital stock of the Philadelphia, Wilmington and
Baltimore RR. Co., of a par value of $50 a share, held by parties other than the Pennsyl-
vania RR. Co., by issuing therefor, at a valuation of not less than $70 a share, three shares
of the capital stock of the Pennsylvania RR. Co. for every two shares of the stock of the
Philadelphia, Wilmington and Baltimore RR. Co. In March, 1902, $1,000,000 additional
capital stock was issued under resolution of the board of directors on Jan 22, 1902, to provide
means to acquire the capital stock of the Pennsylvania and Northwestern RR. Co., consisting
of 45,000 shares, of a par value of $50 a share, by issuing in exchange therefor one share of
the capital stock of the Pennsylvania RR. Co. for every two and one-quarter shares of the
stock of the Pennsylvania and Northwestern RR. Co. These several issues of stock bring
the total amount outstanding on June 1, 1902, up to $204,593,400.
17. Funded Debt. — The amount of funded debt, including mortgages on real estate and
ground rents, Dec. 31, 1901, was $88,893,323.57, being an increase of $259,787.16 during the
year in real estate mortgages (see Sec. 32).
1§. Sinking Funds. — Under the provisions of the consolidated mortgage of the company,
the sum of $402,390 was set apart out of the net income for the redemption of the outstanding
bonds secured by that mortgage. Twenty-nine thousand dollars of the bonds issued under
this mortgage were purchased and cancelled, and this reduction in the funded debt appears
in the general balance sheet, Sec. 31. The remainder of the sum was placed to the credit of the
trustees of the sinking fund for investment under the terms of the mortgage. Their report
shows the amount of $7,648,760.41, in securities and cash, in the fund for the redemption of
the bonds.
The trustees of the sinking fund for the redemption of the trust certificates issued for
the purchase of the shares of the capital stock of the Philadelphia, Wilmington and Balti-
more RR. Co. were not able to purchase any of these certificates during the year. The total
amount purchased and cancelled to Dec. 31, 1901, was, therefore, $2,298,000, leaving out-
standing $7,702,100.
The trustees of the sinking fund for the redemption of the 4J- p. c. collateral trust loan
were not able to obtain any of these securities during the year at the limit fixed in the agree-
ment. The amount of this loan outstanding Dec. 31, 1901, was $9,900,000.
Under the provisions of the 4 p. c. equipment trust gold loan, there was paid to the
trustee during the year for the sinking fund the sum of $136,400. The trustee was unable
to obtain any of the bonds at the price fixed in the lease, and, in accordance with the terms
thereof, the amount has been invested in additional equipment.
19. Securities of Other Corporations. — The entire cost of the securities of other
corporations held by the company Dec. 31, 1901, was $20^,994,161.08. The increase over last
year is due to further purchases of railway securities which yield a satisfactory return upon
the investment. The direct revenue received therefrom during the year was $7,781,720.38,
which amounted to over 3| p. c. upon the cost thereof.
660 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
20. Car Trusts. — The issue of Car Trust securities made during the past year consisted
of $5,271,000 of certificates of Series "A," "B," " C," " D," " E," and "F," Pennsylvania
Equipment Trust, bearing interest at the rate of 3i p. c. per annum. There will thus be
furnished for the Pennsylvania RR. Co. 1,000 box cars, 1,000 long gondolas, 2,000 steel
gondolas, and 500 steel flat cars ; for the Western New York and Pennsylvania Ry. Co. 500
steel gondolas ; for the Pennsylvania Co. 500 steel gondolas and 400 steel flat cars ; and for
the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co. 100 steel flat cars ; an aggregate
of 6,000 cars.
Owing to the exceptional demand for equipment growing out of the prosperous condition
of the manufacturing and other industries, it has been necessary to make further provision
in this direction, not only through the Pennsylvania Equipment Trust, but by creating a new
trust, known as the Pennsylvania Steel Car Trust, and by contracting for the building of
19,000 additional freight cara for the various lines embraced in the system. Though this
action and the arrangements made for additional power, it is believed that the company's
lines will be in condition to properly care for the traffic that is now taxing its facilities to
the utmost.
The Car Trust Series in existence at the beginning of the year were :
Pennsylvania Rolling Stock Trust, Series A, B. C, D, B. F, G. H, I, and K.
Pennsylvania Car Trust, Series A, B, C, D, E, F, G, H, I, and K.
Those issued during the year were :
Pennsylvania Equipment Trust, Series A, B, C, D, E, and $271,000 of Series F.
The total amount of certificates issued under the said series of the above
Car Trusts was $25,271,000 oo
The payments made on account thereof during the year were as follows :
Proportion Balance
Total Applied to Applied to
Payments. Payment of Redempt'n of
Interest. Certificates.
$ $ $
By The Pennsylvania RR. Co 2,012,27342 381,69903 1,630,57439
By The Northern Central Ry. Co 24,14889 5,82264 18,32625
By Allegheny Valley Ry. Co 39,40285 9,57728 29,82557
By Western New York and Pennsylvania Ry. Co 9,066 97 9,066 97
By Pennsylvania Co 396,80171 92,77745 304,02426
By Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co. 260,94417 61,78364 199,16053
By Toledo, Peoria and Western Ry . Co 23,355 61 5,266 61 18,089 00
Total 2,765,993 62 565,993 62 2,200,000 00
Payments Made on Account of the Principal of these Certificates previous to Jan., 1901. 4,400.00000
Total Payments made on Account of the Principal of Existing Series of Car Trusts 6.600,000 00
Amount of Car Trust Certificates Outstanding, Dec. 31, 1901 $18,671,000 00
Issued for cars as follows :
CARS. BAL. or COST.
Pennsylvania RR. Co 27,064 $13,255,109 77
Assigned and Subleased.
Northern Central Ry. Co 270 146,610 00
Allegheny Valley Ry. Co 400 238,60460
Western New York and Pennsylvania Ry. Co 500 497,500 00
Pennsylvania Co 3,300 2,684,5-18 34
Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co 2,810 1,703,915 29
Toledo, Peoria and Western Ry. Co , 326 _
Total 84,670 $18,671,00000
21. Pennsylvania Canal Company. — This company is controlled by the Pennsylvania
RR. Co., but the canal is not operated, having been abandoned in April, 1901.
22. SUMMARY OP CAPITAL EXPENDITURES UPON THE LINES WEST OF PITTSBUBQH.
The following statement shows the amounts expended during the past year for construc-
tion, equipment, and real estate, on the lines west of Pittsburgh :
Pennsylvania Company (for Equipment)... $34,25510 Little Miami RR $43.;
Pittsburgh, Fort Wayne and Chicago Ry . . . 1,430,040 09 Cleveland, Akron and Columbus Ry '.i.
Erie and Pittsburgh RR 87,34920 Terre Haute and Logimspon Ry 35,32828
Cleveland and Pittsburgh RR 238,33342 Logansport and Toledo Ry 96,38C> 87
Calumet Western Ry 11,915 39 West. N. Y. & Penna. Ry. -Volant Branch . 193,179 22
Pittsburgh, Cin., Chicago & St. Louis Ry . . 429,402 14 Sundry Exp. on various'Branch Lines 2,743 29
Ohio Connecting Ry 238,167 55
Total Amount Expended for Construction, Equipment, and Real Estate during 1901 $2,849,945 12
POOR'S MANUAL— PENNSYLVANIA RR. CO.
661
23. Lines West of Pittsburgh. — Statement showing the results from operation of all
lines operated directly by the Pennsylvania Co. for the years ending Dec. 31, 1901 and 1900 :
1901
1900*
1901
1900*
EARNINGS.
Passenger Traffic
$
4,848,850 31
21,972,238 50
581,71187
730,311 90
728,279 98
193,15230
$
4,402,146 75
19,179,648 65
509,277 42
719,324 74
608,976 58
109,910 07
NET EARNINGS.
8,742,506 42
3,505,365 98
7,391,23586
2,316,008 06
Freight Traffic
To which add: Div. & Int. Re-
ceived from Investments. . . .
Express Traffic
Transportation of Mails
Rents
12,247,872 40
6,662,777 27
1,482,701 40
161,658 93
214,718 67
9,707,243 92
6,302,317 59
1,073,25000
127,900 20
1,26324
1,69487
81,21597
Miscellaneous Sources
Deduct Payments —
Rentals, Leased & Oper. Rds.
Interest on Funded Debt. . . .
Payments on Acct. of Car Tr.
Cars, incl. Int. & Expenses
Interest General Account. . .
Advances to Gin., Richmond
& Fort Wayne RR. Co
Gross Earnings
29,054,544 92
4,480,851 73
4,544,086 36
9,784,750 32
531,94762
970,402 47
25,529,284 21
4,054,747 63
3,884,684 78
8,875,884 23
433,213 73
889,517 98
EXPENSES.
Maintenance of Way, etc
Maintenance of Equipment. . .
Conducting Transportation...
Adv. tolnd. &V.RR.CO...
Total Payments
44,755 39
Taxes.
8,566,61166
7,587,641 87
Operating Expenses
Net Income
20,312,038 50
18,138,048 35
3,681,260 74
2,119,602 05
From this net income for year ending December 31, 1901 $3,681,260 74
the following amounts have been deducted :
Accrued contribution to Sinking Fund Pennsylvania Co., 3J p. c. gold loan of 1901 $222,333 34
Contribution to sinking fund for redemption of 3d mtge. bonds of Pittsburgh, Fort
Wayne and Chicago Ry. Co 145,00000
Amount transferred to extraordinary expenditure fund 1,000,000 00
Dividend of 3 p. c. on capital stock outstanding December 2, 1901 630,00000
1,997,33334
Balance transferred to credit of profit and loss for the year 1901 $1,683,92740
Amount to credit of profit and loss, December 31, 1900 5,176,31845
$6,860,245 85
Discount on securities sold, less amount realized in settlement of old accounts, etc 1,529,38974
Balance to credit of profit and loss, December 31, 1901 $5,330,85811
* For the purpose of proper comparison, the figures shown for 1900 include the results of operation of
the New Castle Branch of Western New York and Pennsylvania Ry. for the entire year, while the report for
that year included the results subsequent to August 1, 1900, the date the Pennsylvania Co. commenced to
operate this branch.
24. CAPITAL STOCK AND FUNDED DEBT OP THE LINES WEST OP PiTTSBTm&H.
For the purpose of increasing its stock basis and acquiring the ownership of a largo
amount of securities connected with the western lines of the Pennsylvania RR. Co., the
Pennsylvania Co. made a further issue of $19,000,000 of its capital stock, which the Penn-
sylvania RR. Co. purchased at par.
An issue was authorized under date of Nov. 1, 1901, in accordance with an agree-
ment between the Pennsylvania Co., the Pennsylvania RR. Co., and the Girard Trust Co.,
trustee, of $20,000,000 "of Pennsylvania Co. 15-year guaranteed 3£ p. c. gold debentures,
secured by the deposit of $25,000,000 of preferred dividend-paying railway securities, and
by the covenant of the Pennsylvania Co. and the guaranty of the Pennsylvania RR. Co. the
proceeds to be used for construction and equipment, and for the general corporate purposes
of the Pennsylvania Co. A sinking fund is provided, under which one-fifteenth of the entire
issue will be redeemed annually by lot at par.
The 7 p. c. mortgage bonds of the Chartiers Ry. Co., amounting to $500,000, having ma-
tured October 1, 1901, were paid, and a new mortgage created, running for 30 years from
that date, and securing $625,000 of 3£ p. c. bonds, of which $125, 000 are held in the treasury
of that company for its corporate purposes.
25. SINKING FUNDS OP THE LINES WEST OF PITTSBURGH.
No further redemptions could be made of the 4£ p. c. bonds secured by the $20,000,000
mortgage of the Pennsylvania Co., so that the amount outstanding at the close of the year
662 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
was $19,467,000. None of the 8| p. c. guaranteed trust certificates of that company secured
by the deposit of Pittsburgh, Fort Wayne and Chicago Ry. Co. guaranteed stock as col-
lateral could be secured under the terms of the trust. The amount thereof outstanding at
the close of the year was $14,950,000.
Report made by the trustees of the sinking funds of the 1st and 3d mortgages of the
Pittsburgh, Fort Wayne and Chicago Ry. Co. shows that they redeemed during the
$66,500 of the 1st mortgage and $34,000 of the 2d mortgage bonds, making the total amount
redeemed to Dec. 31, 1901 : 1st mortgage bonds, $2,919,500 ; 2d mortgage bonds, $3,146,500.
With a balance of cash in the hands of the trustees, uninvested, Dec. 81, 1901 : On account
of 1st mortgage sinking fund, $1,211,582.83; on account of 2d mortgage sinking fund,
$1,414,557.19— total, $2,626,140.02.
Under the terms of the sinking fund provided for the redemption of the consolidated
mortgage bonds of the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co., $321,000 of
these securities were redeemed and cancelled ; and $36,000 of these bonds having been issued
in lieu of a like number of Pittsburgh, Cincinnati and St. Louis Ry. 7 p. c. bonds, which
had matured, the entire amount outstanding at the close of the year was $34,402,000.
Under the provisions of the sinking fund established for the redemption of the 1st mort-
gage 7 p. c. bonds of the Jeffersonville, Madison and Indianapolis RR. Co., one of the con-
stituent organizations of the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co., $1,979,-
000 of those securities have been redeemed and cancelled to Dec. 31, 1901, leaving $964,000
outstanding.
26. Acquisition of New Line. — The Eel River RR., extending from Logansport to
Butler, Ind., a distance of 94 miles, having been sold under foreclosure proceedings, was
purchased Sept. 12, 1901, in the interest of the Pennsylvania Co., and reorganized as the
Logansport and Toledo Railway. This road supplies a desirable connection between the
Vandalia System and the Grand Rapids and Indiana Ry., and will greatly facilitate the
movement of the passenger traffic between the Southwest and Northern Michigan.
27. Summary of lines owned, controlled, and operated east and west of Pittsburgh :
EAST OP PITTSBURGH.
WEST OF PITTSBURGH.
ALL LINES.
1901
1900
1901
1900
1901
1900
Gross Earnings
$
132,181,403 87
86.820,846 50
$
115,266,300 72
76,862,975 07
66,445,474 27
46,892,539 75
$
59,970,052 98
43,635,301 12
S
198,626,878 14
133,713.386 25
$
175,236,353 70
120,498.276 19
Operating Expenses . . .
Net Earnings
45,360,557 37
33,403,325 65
19,552,934 52
16,334,751 86
64,913,491 89
54,738,077 51
28. Statement showing traffic and earnings on all lines east of Pittsburgh (inc. the Dela-
ware and Raritan Canal, 66 m.), and earnings on all "lines west of Pittsburgh for seven years :
1895
1896
1897
1898
1899
1900
1901
EAST.
Miles ER. Operated.
Passengers Carried..
Pass. Carried One M. .
Tons Freight Moved.
Tons Freight One M..
Gross Earnings
Operating Expenses.
Net Earnings
Other Receipts
2,741.42
37,452.437
712,072,950
78,259,526
8,173,218,103
$
64,627,178
44,510,656
2,721.46
36,170,220
699,799,213
72,967,125
7,727,923,844
$
62,096,503
43,459,327
2,747.35
34,997,524
693,279,331)
79,562,465
8,555,622,317
$
64,223,113
43,257,627
2,755.71
35,96^,566
745,902,679
84,801,805
9,2*5,924,358
S
65,603,738
44,510,016
2,780.44
88,029,922
823.304,623
100,700,037
10.895,512,708
$
72,922,985
50,344,634
3,647.94
41,922,569
918,198,602
109,471,266
11,942,657,794
88,539,827
58,099,206
3,671.24
46,698,595
1,050,463.693
122.24ti.?i.3
12,713,626,489
$
101.320.795
65,259,543
20,116.522
5,063,460
18,637,176
5,418,881
20,965,487
5,494,498
21,093.722
5,406,044
22,578,351
5,529,284
30,440,621
6,491,145
36 070,252
8,584,915
25,179,983
45,710,079
81,237,961
24,056,057
42,520,227
29,562,596
26,459,985
44,265.450
29,183.717
26,560,366
46,957,906
32,258,157
28,107,635
54,103,820
38,466,343
36,931,767
59,970,053
43,635,301
44,655,167
66,445,474
46,892,540
WBST.
Expenses
Net Earnings
14,472,118
12,957,631
15,081,733
14,699,748
15,637,477
16,334,752
19,552,935
POOR'S MANUAL — PENNSYLVANIA RR. CO.
663
29. Comparative statement of passenger and freight traffic on lines east and west of
Pittsburgh for the years 1901 and 1900 :
1901
1900
1901
1900
Tons.
Tons 1 Mile.
Tons.
Tons 1 Mile.
Pass'gers.
Pass.lMile.
Pass'gers.
Pass. 1 Mile.
East of Pitts.
W. of Pitts..
Totals. . .
153,046,281
90,361,754
14,474,934,850
7,454,043,109
142,793,382
76,282,995
13,825,501,005
6,539,162,751
82,282,499
22,188,802
1,748,186,771
620,917,699
62,659,157
21,017,289
1,395,645,682
592,171,016
843,408,035
21,928,977,959
219,076,377
20,364,663,756
104,471,301
2,369,104,470
83,676,446
1,987,816,698
3O. Statement of mileage, equipment, and general balances of the Pennsylvania RR.
Co. for eight years ending Dec. 31 :
1894
1895
1896
1897
1898
1899
1900
1901
*Miles RR. Owned
527.59
1,838.85
1,780.47
1,803
1,388
374
41,971
3,081
$
129,298,200
19,997,820
27,480,020
4,998,000
3,000,000
' 'iYobb',666
9,900,000
2,728,000
7,702,000
2,000,000
3.950,396
17,379,167
j- 1,882,550
3,283,460
511.89
1,864.17
1,815.88
1,803
1,388
374
42,278
3,088
$
129,301,550
19,997,820
27,480,020
4,998,000
3,000,000
4,850,000
1,000,000
9,900,000
2,728,000
7,702,000
2,000,000
4,003,071
21,768,776
1,882,550
3,283,461
532.03
1,905.87
1,869.05
1,803
1,375
390
43,309
3,120
$
129,303,150
19,997,820
27,480,020
4,998,000
3,000,000
4,850,000
1,000,000
9,900,000
2,728,000
7,702,000
2,000,000
4,288,071
18,258,723
1,882,550
3,283,462
535.71
1,937.55
1,904.82
1,803
1,375
390
48,588
3,139
$
129,303,700
19,997,820
27,480,020
4,998,000
3,000,000
4,850,000
1,000,000
9,900,000
2,728,000
7,702,000
2,000,000
4.288.071
20,776,875
1,882,550
3,283,462
534.97
1,965.18
1,944.01
1,803
1,372
408
51,571
3,156
$
129,305,000
19,997,820
27,480,020
4,998,000
2,970,000
4.850,000
1,000.000
9,900,000
2,728,000
7,702,000
2,000,000
4,278,071
20,881,131
1,882,550
3,283,462
544.86
2,018.87
1,996.22
1,848
1,386
393
52,712
3,178
$
129,305,500
19,997,820
27,480,020
4,998,000
2,941,000
4,850,000
1,000,000
9,900,000
2,728,000
7,702,000
2,000,000
4,618,071
25,302,311
1,882,550
3,283,462
539.34
2,045.76
2,027.30
1,889
1,386
393
52,784
3,231
$
151,502,250
19,997,820
27,480,020
4,998,000
2,911,000
4,850,000
1,000,000
9,900,000
2,728,000
7,702,000
2,000,000
5,066,696
28,399,344
1,882,550
3,283,462
20,650,000
5,036,646
7,101,310
885,500
459,025
3,000,000
22,485,304
552.13
2,124.29
2,108.55
2,016
1,416
416
52,800
3,248
9
203,272,100
19,997,820
27,480,020
4,998,000
2,882,000
4,850,000
1,000,000
9,900,000
2,728,000
7,702,000
2,000,000
5,355,484
34,468,469
1,882,550
3,283,462
Miles of Track Owned. . .
M. Steel R'l in T'ck Ow'd.
Locomotives
Passenger Cars
Baggage, etc., Cars
Freight and Coal Cars. ..
R'dwayand Surface Cars
Capital Stock
Funded Debt:
Gen. Mtge., 1910
Cons. Mtge., 1905.
Cons. Mtge., 1919
Cons. Mtge., 1943
Cons. Mtge.. 1945
Navy Yard Mtge., 1901 .
Collateral Trust, 1913..
Equipment Bonds
Stock Trust Certificates .
Real Estate, 1st Mtge. . . .
Mtges. & Ground Rents.
Accounts Payable, etc. . .
Guaranteed Stock & B'ds,
H.p.,Mt.j. &L.RR.CO.
Securities United Cos...
Col Inv Obligations
Securities Fund
4,495,191
5,015,020
402,500
319,971
4,582,408
5,339,800
483,000
411,882
4,655,456
5,664,580
563,500
51,647
4,749,867
5,989,360
644,000
226,159
1,800,000
22,823,957
4,841,868
6,344,140
724,500
200,115
1,800,000
22,445,997
4,933,306
6,698,620
805,000
450,586
1,500,000
22,380,733
5,146,319
7,503,700
966,000
165,822
5,000,000
24,310,476
Bonds Redeemed
Payments forLVdEquip.
Trust. Cons. Mtge. S. F..
Extraordinary Exp. Fund
Profit and LOPS
23,155,632
23,553,470
24,152,323
Total Liabilities
Pa. RR. and H. L. RR. )
Phila. & Columbia RR. f
Equipment
267,987,927
54,614,180
43,225,253
19,818,640
278,265,808
54,614,180
43,645,158
20,142,993
275,759,302
55,267,699
45,349,842
20,458,405
279,423,841
55,267,700
45,463,243
20,458,405
279,612,673
56,051,781
45,663,243
20,656,285
284,756,979
56,398,758
46,692,043
21,028,763
333,318,928
56,678,758
47,597,043
21,514,118
374,892,222
56,678,758
47,597,043
21,514,118
Real Estate and Tel
Permanent Property.
Bonds of RR. Companies
Stocks of RR. Companies
Other Investments
Trust of 1878
117,658,073
34,017,112
73,272,968
11,685,575
4,430,850
3,243,040
10,000
3,283,460
104,450
2,377,609
5,147,080
12,737,710
118,402,331
33,628,956
73,713,702
10,693,248
4,495,191
3,567,820
10,000
3,283,461
103,000
3,021,431
7,183,600
20,163,068
121,075,946
34,901,645
74,392,584
10,653,666
4,582,408
3,892,600
10,000
3,283,462
45,000
2,850,389
4,263,022
15,808,580
121,189,347
t38,735,317
$80,924,027
4,666,466
4,217,380
10,000
3,283,462
32,500
2,077,068
3,853,842
20,445,441
122,371,309
t35,993,494
$81, 245,392
' 4,749',867
4,542,160
10,000
3,283,462
32,500
2,220,423
4,697,896
20,466,170
124,119,564
t36,363,751
$83,998,675
' 4',84l',868
4,867,640
10,000
3,283,462
36,500
3,747,906
3,702,098
19,785,515
125,789,919
t35,692,061
$129,273,377
1,125,633
4,933,305
5,240,330
10,000
3,283,462
133,310
4,741,864
3,959,887
19,135,780
125,789,919
t36,293,579
$166,700,582
1,334,350
5,036,646
5,613,720
10,000
3,283,462
133,310
4,554,441
5,809,353
20,332,859
Con. Mtge. of 1873, S.F..
Bonds to Ins. Fund
Securities United Cos . . .
Mtge. and Ground Rents
Fuel and Materials
Advances to Cos., etc
Cash and Cash Balances .
Property and Assets.
267,987,927
278,265,808
275,759,302
279,423,841
279,612,673
284,756,979
333,318,928
374,892,222
* Exclusive of the Rockville Branch, 2.83 m. owned by this company, but operated by the Northern
Central Ry. Co. t Includes bonds of other corporations. $ Includes stocks of other corporations.
664 POOR'S MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
31. General Balance Sheet, December 31, 1901.
Dr.
Cost of Road, including the cost of the Harrisburg, Portsmouth, Mt. Joy and
Lancaster RR. represented by the guaranteed Capital Stock and Bonds of
that company ($1,882,550) $56,678,758 09
Real Estate 21,514,11827
Equipment $44,597,042 59
Equipment, covered by 4 p. c. Equipment Trust Gold Loan, Girard
Trust Co., Trustee :
Account Penn. RR. Co $1,390,000 00
Account Penn Co. 1,610,000 00- $3,000,000 00- 47,597,042 59-$125,789,918 95
Terminal Property at Buffalo, Brooklyn and Other Points 1 ,334 349 57
Securities — Cost of: Stocks of Railroad and other Corporations '.'..', 166,700,582 05
Bonds of Railroad and other Corporations 36,293,579 03— 202,994 161 08
Mortgages and Ground Rents Receivable 183 310 00
Appraised value of securities not disposed of, received with the lease of United
New Jersey RR. and Canal Co 3,283,462 95
Current Assets : Due from Controlled Cos., for Advances for Construction and
other Purposes 5,809,353 21
Bills Receivable 506,313 27
Due from Agents and Superintendents 4,967,539 24
Miscellaneous Assets \ . . 2',279]941 02
Materials on Hand 4,554,440 65
Cash : Balances with London Joint Stock Bank,
Limited, and others for Payment of Interest. §1,648,635 43
In Hands of Treasurer 10,930,430 99— 12,579,066 42— 30,696,653 81
Sinking Funds : Pennsylvania RR. Cons. Mortgage Sinking Funds. 7,503,700 00
Less Bonds Redeemed and Cancelled 1,889,98000 — 5,613,72000
Managers of Trust created Oct. 9, 1878 6,036,64604— 10,65036604
Insurance Fund 10 000 00
Total Assets $374,892,221 70
Cr.
Capital Stock (see Sec. 16) $203,272,100 00
Funded Debt : General Mtge. Bonds, 6 p. c., 1910 . $19,997,820 00
Consolidated Mtge. Bonds, 6 p. c., 1905 $27,480,020 00
Consolidated Mtge. Bonds, 5 p. c., 1919 4,998,000 00
Consolidated Mtge. Bonds, 4 p. c., 1943 2,882,000 00
Consolidated Mtge. Bonds, 3i p. c., 1945 4,850,000 00— 40,210,020 00
Navy Yard Mtge. Bonds, 5 p. c., 1901 1,000,000 00
Collateral Trust Loan, 4} p. c., 1913 9,900,000 00
Equipment Trust Loan, 4 p. c., 1914 2,728,00000
P., W. & B. RR. Co. stock trust certificates, 4 p. c., 1921 7,702,000 00
First Mtge. Real Estate Bonds, 4 p. c., 1923 2,000,000 00
Mortgages and Ground Rents Payable 5,355,483 57— 88,893,323 57
Guaranteed Securities under lease Harrisburg, Portsmouth, Mt. Joy and Lan-
caster RR.:
Capital Stock 1,182,550 00
First mtge. 4 p. c. Bonds 700,000 00— 1,882,550 00
Appraised Value of Securities not disposed of, received with the lease of United
New Jersey RR. and Canal Co 3,283,462 25
Extraordinary Expenditure Fund 5,000,000 00
Current Liabilities : Pay Rolls and Vouchers 10,873,430 34
Net Traffic Balances Due Other Roads 2,145,949 72
Due Controlled Companies, Other than Traffic Balances 11,027,453 87
Due Employees' Savins Fund 108,94769
Due Relief Fund Accounts 348.086 02
Due Insurance Fund 72,591 08
Interest Accrued on Pennsylvania RR. Co. Bonds 1,628,990 19
Interest on Bonds Matured and ITncollected 49,125 30
Dividends Uncollected by Shareholders 64,210 75
Miscellaneous Liabilities 8,149,683 64— 84,468,468 60
Sinking Funds: Sinking Funds Con. Mtge. Bonds, Contributions to Dec. 31, 1901. 7,503,700 00
Fund for Purchase of Securities under Trust crented Oct. 9, 1878. 5,146,319 49
Pennsylvania Co. payments for Leased Equipment under Penn-
sylvania RR. Co. 4 p. c. Equipment Trust Gold Loan 966,000 00
Trustees' Sinking Funds Cons. Mtge., Pennsylvania RR. Co.... 165,821 51— 13,781,841 00
Balance to Credit of Profit and Loss 24,310,476 28
Total Liabilities $374,892,221 70
POOR'S MANUAL — PENNSYLVANIA RK. CO.
665
32. Funded Debt.— The funded debt outstanding on Dec. 31, 1901— total, $88,893,323.57, as per
general balance sheet — consisted of the several issues of bonds, listed in the following statement.
Additional particulars respecting any issue will be found in the paragraph relating thereto subjoined to the
stat i-nient; and the details of funded d-ebt outstanding on or about Aug. 1, 1902, will be found in the
Ready Reference Bond List — see General Index:
119,997,000 gen. 6s of July 1, 1910, int. J., A., J. & O.
27,480,020 (J and £) consol. 6s of June 15 and July 1, 1905.
4,998,000 consol. 5s of Sept. 1, 1919.
2,882.000 consol. gold 4s of May 1, 1943.
4,850,000 consol. sterling 3^8 of July 1, 1945.
1,000,000 Navy Yard 3*8 of Jan. 1, 1931.
$9,900,000 coll. trust gold 4js of June 1, 1913.
2,728,000 equip, trust, gold 4s of Sept. 1, 1914.
7,702,000 P., W. & B. stock trust cert. 4a of July 1, 1921.
2,000,000 real estate 1st gold 4s of May 1, 1923.
5,355,484 mortgages and ground rente payable.
GENERAL MTGE. BONDS.— Secured by first mortgage upon the main line between Philadelphia and
Pittsburgh and upon the equipment and appurtenances thereof. Authorized issue, $35,000,000.
CONSOL. MTGE. BONDS. — Secured upon the entire property and franchises of the company, subject to the
lien of the gen. mtge. bonds on the property covered by that mtge. The consols are a first lien upon the
company's leasehold interest in the United RRs. of New Jersey, and are further secured by deposit of
bonds and stocks of an estimated cost value of $54,025,301.16. All consols are equally secured under the
same deed of trust, although issued at different periods. The authorized issue is $100,000,000. A sinking
fund of 1 p. c. is provided, which is applied to the purchase of consol. mtge. bonds whenever they can be
obtained at par or under, but if the bonds are above par, the fund is allowed to accumulate.
NAVY YARD BONDS. — These were originally 6 p. c. bonds, but they matured Jan. 1, 1901, and were
extended for thirty years, the rate of interest being reduced to 3J p. c. per annum.
COLLATERAL TRUST GOLD BONDS. — Secured by deposit of $13,845,000 bonds of subsidiary companies.
The bonds are not liable to be drawn or compulsorily retired before maturity, but a sinking fund of 1 p. c.,
and interest on bonds redeemed, will be applied each half year to their purchase if they can be obtained at
or below par and interest. The total issue was $10,000,000, but $100,000 of the bonds have been retired by
action of the sinking fund.
EQUIPMENT TRUST GOLD BONDS. — Secured by mortgage upon the equipment purchased with their pro-
ceeds. There is provision in the mortgage for a sinking fund of 5 p. c. per annum, to be applied tto
purchase of the bonds at par and accrued interest or, if bonds can not be obtained at that price, to the
purchase of additional equipment to be added to the same trust.
P., W. & B. STOCK TRUST CERTIFICATES.— For the payment of these certificates the faith of the Penn-
sylvania RR. Co. is pledged and they are further secured by deposit of 120,000 shares of capital stock of the
Philadelphia, Wilmington and Baltimore RR. Co. The certificates, originally amounting to $10,000,000, were
issued to provide part of the means for the purchase of the P., W. & B. RR. (see SUMMARY OF PROGRESS, in
the Manual for 1882, page 288). The dividends received on the 120,000 shares of P., W. * B. RR. stock, after
providing for the interest on the outstanding certificates, may be applied as a sinking fund for their
purchase whenever they can be obtained at a price not exceeding par and interest, any certificates thus
purchased to be cancelled.
32a. Guaranteed Bonds.— The Pennsylvania RR. Co. guarantees or has assumed bonds of other
companies as follows:
Allegheny Valley Ry.: $5,892,000 gen. gold 4s of March
1, 1942, guaranteed as to principal and interest ; $9,-
998,000 Low Grade Div. 1st 7s (or 6 p. c. gold) of April
1, 1910, interest and principal to be purchased as they
mature.
Baltimore and Potomac RR.: $4,500,000 1st 6s (railroad
and tunnel) of 1911, guaranteed as to principal and in-
terest by the Pennsylvania RR. Co. and the Northern
Central Ry. Co.
Belvidere Delaware RR.: $1,749,000 consol. 4s— due
$500,000 Sept. 1, 1925; $749,000 Feb. 1, 1927, and $500,000
on Jan. 1 , 1933— guaranteed as to principal and interest
by the United Companies of New Jersey, and guaranty
assumed by the Pennsylvania RR. Co. The ? 1 ,000,000
1st 6s of June 1, 1902, were paid off at maturity.
Cambria and Clear. field RR.: $1,279,000 1st gold 5s of
Jan. 1, 1941, assumed by the Pennsylvania RR. Co.
Camden and Burlington County RR.; $350,000 1st gold
4s of Feb. 1, 1927, guaranteed as to principal and in-
terest.
Cleveland and Pi.ttsburgh RR.: $9,721,136. 34 gen. mtge.
bonds and scrip (see statement for C. & P. RR. Co.),
guaranteed as to principal and interest.
Connecting Ry.: $798,000 let 6s of Sept. 15, 1902-04,
guaranteed as to principal and interest.
Delaware River RR. and Bridge Co.: $1,300,000 1st
gold 4s of Aug. 1, 1936, guaranteed as to principal and
interest.
Erie and Pittsburgh RR.: $3,823,000 gen. gold 3Js of
July 1, 1940, guaranteed as to principal andinterest.
Grand Rapids and Indiana Ry.: $920,000 1st gold 3is
of July 1, 1941, and $4,455,000 1st gold 41» of July 1,
1941. The Pennsylvania RR. Co. undertakes to pur-
chase the bonds and coupons, in case of default, such
bonds and coupons to be held as a debt against the
company.
Harrisburg, Portsmouth, Mount Joy and Lancaster
RR.: $700,000 1st 4s of July 1, 1913, guaranteed as to
principal and interest.
Indianapolis arid Vincennes RR.: $1,700,000 1st 7s of
Feb. 1, 1908, guaranteed as to principal and Interest.
series A, of Sept. 1, 1937 ; $10,000,000 guaranteed 3i
p. c. trust certificates, series B, of Feb. 1, 1941 • and
$16,000,000 gold debenture 3^8 of Nov. 1, 1916 All
four issues are guaranteed as to principal and interest
Pennsylvania Schuylkill Valley RR.: $5,000,000 1st 3js
of Dec. 1, 1935. assumed as of April 1, 1902, on pur-
chase of Schuylkill and Jnniata RR.
Philadelphia and Erie RR.: $19,823,000 gen. mtge gold
bonds of July 1, 1920, of which $8,680,000 are 6s,
$5,263,000 5s and $5,880,000 4s, all guaranteed as to
principal andinterest.
Philadelphia, Oermantown and Chestnut Hill RR.:
$1,000,000 let 4Js of May 1, 1913, guaranteed as to
principal and interest.
Pittsburgh, Fort Wayne and Chicago Ry.: $5,250,000 1st
7s of July 1, 1912; $5,160,000 3d 7s of July 1, 1912: and
$2,000,000 3d 7s of July 1, 1912. Under the terms of
the lease the 1st mtge. bonds and the 2d mtge. bonds
are guaranteed as to interest and sinking ftmd pay-
ments, and the 3d mtge. bonds as to principal and
interest, by the Pennsylvania RR. Co. By the assign-
ment of the lease to the Pennsylvania Co. the latter
became a guarantor to the same extent.
Ridgwayand Clearfleld^RR.; $491,000 1st 5s of Nov. 1,
1923, guaranteed as to interest and sinking fund under
the terms of the lease.
Sunbury and Lewistown Ry.: $500,000 1st 4s of July 1,
1936, assumed as of April 1, 1902, on purchase of
Schuylkill and Juniata RR.
Sunbury, Hazleton and WUkesbarre RR.: $1,000,000
1st 5s of May 1, 1928, and $1,350,000 2d (income) 6s of
May 1, 1938, assumed as of April 1, 1902, on purchase
of Schuylkill and Juniata RR.
United New Jersey RR. and Canal Cos.: $20,000,000
gen. mtge. gold bonds as per appended statement for
U. N. J. RR. & C. Cos., assumed and guaranteed both
principal and interest.
Western Pennsylvania RR.: $4,000,000 consol. gold 4s of
June 1, 1928, guaranteed as to principal and interest.
88. New Convertible 3J p. c. Gold Bonds — By resolution of the board of directors, March
12, 1902, stockholders of record on March 26, 1902, were offered the privilege of subscribing between April
666 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
21 and May 1, 1902, inclusive (on which latter date the privilege ceased), in an amount equal to 25 p. c.
of their respective holdings of the stock of the company, to an issue of $50,000,000 3J p. c. 10-yr. gold
bonds, to be issued under date of Nov. 1, 1902. These bonds will be convertible, at the option of the
holder, into capital stock of the company at the rate of $70 per share, on May 1, 1904, or any subsequent
semi-annual interest period during the life of the bonds, on thirty days' written notice to the company.
They may be called for redemption by the company at 102J p. c. and accrued interest at any interest
period beginning with May 1, 1904, on ninety days' notice, but when so called for redemption, they may, at
the option of the holder, be converted on the day named for redemption, into stock as aforesaid, at the
' rate of $70 per share, on thirty days' written notice to the company. The bonds are to be issued to provide
the necessary funds (a) for the purchase of 19,000 additional 50-ton steel cars and 260 locomotives, at a
cost of $24,000,000; and (b) for the construction of the tunnel extension of the system into New York City
and the purchase of real estate for passenger stations, the expenditures for which purposes during the
years 1902 and 1903 are estimated at $20,000,000; and for other corporate purposes.
34. Property Included in Cost of Rond and Equipment — The total line charged in
construction account for road between Philadelphia and Pittsburgh includes the Harrisburg, Portsmouth,
Mt. Joy and Lancaster RR., 109.22 m., represented by $1,882,550 guaranteed stock and bonds of that
company; the branches to Indiana, Hollidaysburg, and Morrison's Cove; branch at Tyrone i.nd branch to
connect with P., V. & C. RR. and branch; Columbia Bridge; branches from Columbia to York, and sundry
other branches and extensions, and including wharves and grain elevator, and cost of stations, warehouses,
and shops. The equipment, charged in equipment account, consists of locomotives, passenger cars, baggage,
mail, and express cars, freight cars, and road cars, as well as shop machinery, steamboats, car floats, and
canal equipment, schooners, barges, and tugs.
35. STATEMENT OF THB PENN. RR. VOLUNTARY RELIEF DEPT. FOB THE YEAR ENDING
DECEMBER 31, 1901.
Receipts ;
Cash Balance, Dec. 31 , 1900 8377,331 05
Contributions by Members 937,040 69
Interest .
Deficiencies Paid by Companies
Operating Expenses Paid by Companies . . .
11,628 92
79,179 43
148,357 13
Total Receipts $1,553,53722
Disbursements :
Transferred to Relief Fund Surplus $81,274 35
Death Benefits, Accident 116,'343 38
Death Benefits, Natural 259,930 80
Disablement Benefits, Accident 184,'314 29
Disablement Benefits, Sickness 406,047 82
Operating Expenses 148.35713
Total Disbursements $1,196,267 77
Balance to Credit of the Fund on Deposit
with Treasurer of Pennsylvania RR. Co. . $357,269 45
Membership, Dec. 31, 1901. — Pennsylvania RR., 49,449; Philadelphia, Wilmington and
Baltimore RR., 5,154; Northern Central Ry., 3,482; West Jersey and Seashore RR., 1,585 —
total, 59,670, an increase of 8,142 oyer 1900.
Belief Fund Surplus Account, Dec. 31, 1901. — Amount on hand, Jan. 1, 1901, $669,981.90;
transferred from Relief Fund, $81,274,35 — total to credit of this fund, Dec. 31, 1901,
$751,256.25. To meet this surplus fund balance the Relief Fund has the following assets :
Columbia and Port Deposit Ry. Co. 4 p. c. mortgage coupon bonds, $330,000 ; Western
New York and Pennsylvania Ry. Co. general mortgage 4 p. c. coupon gold bonds, $159,000,
and Chesapeake and Ohio Ry. Co. general mortgage 4^ p. c. coupon registered gold bonds,
$247,000— total, $736,000, at a cost of $751,256.25.
Statement of the Insurance Fund for the year ending December 31, 1901.
Receipts.
Balance, Dec. 31, 1900 $3,255 57
Amounts Rec'd from Securities Matured . . . 151,000 00
Contributions to F'd, Chargeable to Opr. Exp. 642,201 91
Interest from Securities 195,597 54
Balance Dec. 81, 1901 14,54638
Total... $1,006,60140
Disburtementf.
Amount Paid for Fire, Marine and other In-
surance $104,876 64
Amount Reimbursed Operating Department. 490,476 38
Sundry Expenses 11,-.
Purchase of Securities 400,000 00
Total $1,006,601 40
Assets of the Insurance Fund, December 31, 1901.
U. S. Government 4 p. c. Bonds
City of Philadelphia 3 p. c. Bonds
Phila.,Wil. & Bait. RR. Co. 4 p. c. Bonds.. .
Phil. & Erie RR. Co. 4 p. c. Bonds
Erie & Pitts. RR. Co. 3j p. c. Bonds
Pitts., Young. & Aeh. RR. Co. 5p. c. Bonds
Phila. & Bait. Cent. RR. Co. 4J p. c. Bond*.
Pa. Rolling Stock Trust 4 p. c. Certificates.
Pennsylvania Car Trurt 3J p. c. Certificates.
Ridgway & Clearfield RR. Co. 6p.c. Bondi.
Cambria & Clearfield RR. Co. 5 p. c. Bonds.
Pitts., C., C. & St. L. Ry. Co. 4i p. c. Bonds.
Pitts., C., C. & St. L. Ry. Co. 3} p. c. Bondi.
Northern Central Ry. Co. 5 p. c. Bonds
$
100,000 00
250,00000
200,000 00
450,000 00
100,000 00
250,000 00
275,000 00
$
Pa. Co. Guaranteed 8j p. c. Certificates. . . . 675,000 00
Columbia & Pt. Deposit Rv Co. 4 p. c. Bds. 420,000 00
Freeh'd & J'b'g. Agric'l RR. Co. 6 p.c. Bds. 180,150 00
Sunbury, H. & W . Ry. Co. 5 p. c. Bonds . . . 92,000 00
Allegheny Valley Ry. Co. 4 p. c. Bonds 60,000 00
Ebensburg & Bl'k Lick RR. Co. 5 p. c. Bds. 55,000 00
Grand Rap. & Ind. RR. Co. 3 j p. c. Bonds. . . 350,000 00
75,000 00
Tot*l. . 4,878,150 00
Balance, Dee. 81, 1901 14,546 88
100,00000
150,000 00
Valne of the Insurance Fund, Dec. 81, 1901 . 4,863,603 63
Value of the Insurance Fund, Dec. 81, 1900. 4,632,405 57
105.000 00
Increase. 1901... . 231,19805
POORS MANUAL— PENNSYLVANIA RR. CO.
667
36. Statement of stocks owned by the Pennsylvania RR. Co., Dec. 31, 1901, and income
received therefrom during the year 1901 :
NAME OP
SECURITY.
Shares
a
1
Total Par.
Income
for 1901.
NAME or
SECUBITY.
Shares.
a
%
W
Total Par.
Income
for 1901.
A.Vy. Ry., pref.-j
A. Vy. Ry., com..
Ar.R.E.Co.,instal.
Bald Bag. Vy. RR.
B. & O. RR. Vot.
Tr. Certs., pref.
B. & O. RR., pref.
B. &O. RR.,com.
B. &O.RR.,com.,
installment ....
Bait. & Pot. RR..
Barnegat RR
B.,C.&A.Ry.,prf.
B.,C.&A.Rv.,com.
Bedf. & Br'id. Ry.
Bel. Del. RR
B. & Mt.H.Tr.RR.
Cam. & Clear. RR.
Chartiers Ry
Scrip
$5.77
237,533
193,076
12,000
14,125
$
£
50
40
50
8
11,876,655 77
9,653,800 00
480,00000
706,250 00
$
Pa. Equip. Tr., 3i
p. c. gold cert.,
dated Dec.1,1900
Pa. Equip. Tr. 3fc
p. c. gold cert.,
dat'dJunel,1901
Pa. Roll. Stk. Tr.,
3^p. c. g'dcert.,
dated Ap.1,1899.
Pa. Roll. Stk. Tr.,
4 p. c. gold cert.
Pa. Steel Co. of
N. J., com
Pa. Steel Co. of
N. J.,pref
Pa. Steel Co., pref.
Pa. &N. W.RR..
Perth A. &W.RR.
P. & C. Ferry Co..
Ph. &D Co. RR
1,800
3,271
5
105
686
5,084
$
1000
1000
1000
1000
100
100
$
1,800,000 00
3,271,00000
5,00000
105,000 00
68,600 00
508,400 00
]'
\ 46,121 25
]
17500
6,60000
70,625 00
640,000 00
16,333 34
64,026 66
214,800
117,080
66,376
96,489
1,000
4,404
5,000
12,000
4,892
250
26,011
100
100
15
50
50
50
50
50
50
100
50
21,480,000 00
11,708,000 00
995,640 00
4,824,450 00
50,00000
220,200 00
250,000 00
600,000 00
244,60000
25,00000
1,300,550 00
17,794 00
4,798 50
1,130 00
19,84000
60,415 00
'"l2,23066
5H5
3,968
12,083
5,000
4,000
69,996
48,000
15,300
6
234,745
3,950
50
50
50
50
50
50
50
50
100
50
50
28,250 00
198,400 00
604,15000
250,00000
200,00000
3,499,800 00
2,400,000 00
765,000 00
60000
11,737,250 00
197,500 00
23,369 50
101,30000
30,00000
76,698 00
3000
Phil. &B. H. RR.
P. &E. RR.,com.
P. & E. RR.,pref.
P. & L. B. RR . . .
Phila. &T. RR...
P., W. & B. RR..
C. & O. Ry., com.
Col. &P. Dep.Ry.
Connecting Ry...
Col. & X. RR
101,300
12.000
72,273
100
50
50
10,130,000 00
600,00000
3,613,650 00
69,996 00
168,000 00
6000
797,192 50
Cress. & Irv'a RR.
C. Vy. RR., com.
C.V.RR., 1st pref.
C.V.RR.,2dpref.
C. V. & Mart. RR.
D. & S. Market Co.
Del.Riv.RR.&Br.
Down. & L. RR..
Eben. &B. L.RR.
Brie & W. Tr. Co.
Fair Hill RR
10,000
19,517
2,242
2,502
2,000
2,500
26,000
8,113
7,000
49,993
50
50
50
50
100
100
50
50
50
50
500,00000
975,850 00
112,100 00
125,100 00
200,000 00
250,000 00
1,300,000 00
405,650 00
350,000 00
2,499,650 00
i 97,04400
Pitts. & East. RR.
P., C., C. & St. L.
Ry., pref
96,256 00
22,455 00
236,437 25
2,25000
P., C., C. & St. L.
10,000 00
52,000 00
P.,F.W. &C.Ry.,
guar. spec'l
P.,F.W.&C.Ry.,
reg. guar
15,083
250
2,995
67,641
10,000
100
100
100
50
50
1,508,300 00
25,00000
299,500 00
3,382,050 00
500,00000
99,986 00
8,50000
Pitts. Prov. Co...
P., Va. & Ch. Ry.
Pom. &NCW.RR.
R , F & P RR
F. & J. Agri. RR,
Girard Pt. Sto. Co.
G R. & Ind. Ry. .
378
20,000
100
100
37,80000
2,000,000 00
236,743 50
52,890 80
2450
5,42800
H.,P.,M.J.&L.RR.
H.&S.RR.,instal.
Johnsonburg RR.
Junction RR
Kens. & Tac. RR.
L. & R. N. G. RR.
Langdon, J.&Co.,
incorporated . . .
7
2,100
1,500
1,533
50
50
50
50
35000
10,500 00
75,00000
76,650 00
Rich.-Wash. Co..
Ridg. & Cl. RR . .
River Front RR. .
R. H. RR. & T.Co.
Roxb. RR., instal.
Scalp Level RR . .
Sch. & Jun. RR..
South Fork RR . .
S. W. Pa. Ry
4,450
9,820
6,000
5
2,000
6,000
247,080
2,400
21,145
190
5,000
21,368
865
1,000
2,000
20,000
13,500
126
4,000
3,300
33,859
28
35,500
388,053.73
8,000
8,000
100
50
50
50
35
50
50
50
50
50
100
100
50
100
50
50
100
25
50
50
50
50
50
50
100
50
445,00000
491,000 00
300,00000
25000
70,00000
300,00000
12,354,00000
120,000 00
1,057,250 00
9,50000
500,000 00
2,136,800 00
43,25000
100,00000
100,000 00
1,000,000 00
1,350,000 00
3,150 00
200,00000
165,000 00
1,692,950 00
1,15000
1,775,000 00
19,402,686 50
800,000 00
400,00000
78,541 58
29,46000
15,00000
1500
4,59900
17,795 00
7,000
50
350,00000
3,60000
617,700 00
Lew. & T. RR . . .
Little Miami RR.
Long Island RR..
L. I. Ex. RR.,inst.
Louisv. Bridge Co.
Man. R.E.&T.Oo.
Merch. Ware. Co.
M.&B.RR.,instal.
Mill. A N. B. RR.
Min. RR. &Min'g
Co. installment.
Mon.& Wash.RR.
Monon. RR., inst.
N.J. W. &G. Co.
N. Y. BayRR....
N. &W. Ry.,com.
N.&W. Ry.,pref.
Nor. Central Ry..
N. & N. RR.,inst.
Penn. Annex. . ..
Penn. Canal Co...
Pa.-N.Y.Ex.RR.,
installment
Penn. Co., com...
Pa. Car Trust, 8i
p. c. gold cert.,
datedNov.1,1899
Pa. Car Truit, 84
22,209
50
1,110,450 00
105,725 00
4200
Stew. RR. of Pa..
Stuy. R. E. Co . . .
Susq. Coal Co....
Tipton RR
135,958
1,000
50
100
6,797,900 00
10,00000
54,024 00
40,000
1,100
2,300
5
16,667
10,243
3,70C
5,000
10,000
203,300
55,000
125.359
11,600
5,000
70,343
1,000
800,000
286
284
50
100
50
50
6
50
20
50
50
100
100
50
E
5C
50
100
50
1000
1000
2,000,000 00
110,000 00
11,500 00
25000
100,002 00
512,150 00
74,00000
25,00000
500,00000
20,330,000 00
5,500,000 00
6,267,950 00
58,00000
250,000 00
3,517,150 00
10,00000
40,000,000 00
886,00000
284,00000
The Pres., Mgrs.
and Co. for erect-
ing a bridge over
the river Dela-
ware at or near
Trenton
4,00000
17,966 67
Tren. Cut-off RR.
Tyr. & Clear. Ry.
U. N. J. RR. &
Canal Co
50,00000
135,00000
18900
20,00000
328,300 00
300,00000
501,436 00
Vince. Br. of the
Bur. Co. RR
W.A. &Mt.V.Ry.
West Chester RR.
W. J. & S. RR.,
com .
8,25000
84,647 50
6900
106,50000
10,000 66
W. J. & S. RR.,
special guar
West. Penn. RR. .
W.N. Y. & Pa. Ry.
W. V. C. & P. Ry.
Y.,H. & F. RR..
Sundry Stocks . . .
Total*. .
630,000 00
}
I 27,30375
)
10,50000
datedFeb.l,190a
251,528,125 85
6,228,771 72
668 POORS MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
37. Statement of bonds owned by the Pennsylvania RR. Co., Dec. 31, 1901 :
NAME OP SECURITY.
Total Par.
Income
for 1901.
NAME OP SECURITY.
Total Par.
Income
for 1901.
175,000 00
1,86000
13,150 00
220,86000
5,00000
11,270 00
154,395 00
Alleg. Vy. gen. mtge. coup. 4s.
Bait. & Pot. RR. Co. con. mtge.
6", reg. coup, g., ser. "A"...
Bedford & Bridgeport Ry. Co.
5s, certif. of indebtedness...
Belvidere Delaware RR. Co
consol. mtge. 4s, registered..
Belvidere Delaware RR. Co. Isl
mtge. 6s, coupon extended. . .
Cambria & Clearfield RR. Co.
1st mtge. gold 5s, coup. reg. . .
Central Stock Yard and Transit
Co. 1st mtge. 5s, reg. extd. . .
Chartiers Ry. 1st mtge. 3| p. c.
$
100,000 00
3,000,000 00
1,700,000 00
300,000 00
11,000 00
634,000 00
300,00000
490,000 00
764,000 00
110,000 00
200,00000
$
4,00000
150,000 00
85,00000
12,000 00
660 00
31,700 00
15,00000
Penn. Schuylkill Vy. RR. Co.
1st mtge 3js, reg
$
5,900,000 00
31,00000
180,000 00
263,000 00
3,681,000 00
150,00000
100,000 00
Penn. Steel Co. & Md. Steel
Co. con. joint mtge. 6s, coup.
Phila. & Del. Co. RR. Co. 1st
mtge. 5s, reg. gold
Philadelphia & Erie RR. Co.
gen. mtge. 5s, reg. gold
Phila. & %ie RR. Co. 6s, con.
gen. mtge. coup. gold. .
Phila. & Long Branch RR. Co.
1st mtge. 5s, coup
Piedmont & CumberPd Ry. Co.
1st mtge. 5s, gold coup
Cin. & Muskingum Vy. RR. Co.
1st mtge. 4s, coup. reg. gold..
City of Phila. 3s, serial loan,
maturing Dec. 31, 1917
30,160 00
3,300 00
8,000 00
315 00
consol. mtge. 3js
Pitts., Va. & Cha'ston Ry. Co.
1ft mtg. 4^8, coup. g.,ser."A".
Pitts., Va. & Cha'ston Ry. Co.
4 p. c. certif. of indcb
3,431,000 00
1,400,000 00
59,000 00
25,000 00
84,000 00
173,000 00
Columbia & Port Deposit Ry.
Co. 1st mtge. 4s, coup
Pitts., Wheeling & Ky. RR.
Co. 1st mtge. 7s, reg
Pitts.. Youngstown & Ash. RR.
Co. let con. mtge. 5s, coup. . .
River Front RR. Co. 4s, certif.
of indebtedness
4,620 00
1,250 00
3,3«0 00
6,920 00
42,77000
Columbus & Indianapolis Cent.
Connect'g Ry. 1st mtge. 6 p. c.
198,000 00
93,000 00
100,000 00
500,000 00
48,000 00
300,000 00
125,000 00
3,500 00
Connect'g Ry. mtge. 3J p. c. gold
coup, reg
6,755 00
Scalp Level RR. Co. 4s, certif.
Cresson Spgs. Co. 6s, mtge. reg.
Cresson & Irvona RR. Co. 1st
mtge. 4s, coup. reg. gold
Dayton Un'n Ry. Co. at Dayton,
O., mtge. 4s, reg. coup. gold.
Downingtown & Lancaster RR.
Co. 1st mtge. 4s, coup
Ebensb. & Black Lick RR. Co.
1st mtge. 5s, gold coup
Elmira & Williamsport RR. Co.
income 5s
of indebtedness
Shamokin Vy. & Pottsville RR.
1,940 00
Shamokm Vy. & Pottsville RR.
Co. 1st mtge. 3^9, gold coup..
South Fork RR. Co. 4s, certif.
1,610,000 00
58,186 35
600,000 00
2,327 44
42,000 00
4000
2,550 00
29,28000
600 00
90 00
225 00
100 00
50,000 00
2,380 00
2,130 00
2,670 00
450 00
6,960 00
7,80000
22,360 01
4,125 00
175 00
10,370 00
7000
12,510 00
147,480 00
30,000 00
700 00
17.00000
10,010 00
16,730 00
9,000 00
South West Pennsylvania Ry.
Co. 1st mtge. 7s, reg
St. Louis, Vandalia & Terre
Haute RR. Co. 1st mtge. 7s..
Fair Hill RR. 4s, certif. of ind.
Grand Rapids and Indiana RR.
Steubenville & Indiana RR. Co.
1st mtge. 5s, reg. extended . .
Sunb., Hazlet. & Wilkesbarre
Ry. Co. 2d mtge. 6s, reg
Sunb., Hazlet. & Wilkesbarre
Ry. Co. 2d mtge. 68, coup
SusquehannaCoal Co. mtge. 6s.
Terre Haute & Indianap. RR.
1st con. mtge. 5s. gold coup. .
Terre Haute & Indianap. RR.
51,000 00
488,000 00
10,000 00
G. Rap.& Ind. RR. Co. 1st mtg.
7s, g. coup., ext. at 4| p. c . . .
Grand Rapids & Indiana Ry.
Co. 2d mtge. 4s, gold coup. . .
Indianapolis & St. Louis Ry.
Co. 1st mtge. gold 6s, coup. . .
Indianapolis & Vincennes RR.
278,000 00
3,687,000 00
500,000 00
9,000 00
2,00000
1,000,000 00
40,000 00
International Nav. Co. of N. j.
1st mtge. 5s, coup .
340,000 00
114,000 00
239,000 00
150,000 00
294,174 (55
316,000 00
700,00000
180,000 00
22,00000
24,000 00
467,073 90
27,000 00
Tyrone & Clearfield Ry. Co.
1st mtge. 5s, reg
Jeffersonv.,Mad. &Ind.RR.Co.
1st mtge. s'k'g fund 7s, coup.
Jersey City & Bergen RR. Co.
Union & Logansport RR.Co. 1st
mtge. 7s, coup. reg. sink. f'd.
U. N. J. RR. & C. Co. gen. mtg.
6s, coup, g., d. Mar. 1, 1873
Johnsonburg RR. Co. 1st mtge.
U. N. J. RR. & C. Co. gen. mtg.
6s, coup, g., d. Mar. 1, 1875..
Lewisburg & Tyrone RR. Co.
5s, certif. of indebtedness...
Lisbon Coal Co. 5s, mtge
U. N. J. RR. & C. Co. gen. mtg.
15,800 00
U. N. J. RR. & C. Co. gen. mtg.
6s, reg. gold, d. Sept. 2, 1878.
Wash., Alex. & Mt. Ver. Elec.
Ry. Co. 3s, mtge. gold coup..
Wash. Southern Ry. Co. 1st
mtge. 5s
116,000 00
260,000 00
Manor R. E. & Trust Co., 3s,
certificate of indebtedness. . .
Md. Steel Co. 1st mtge. 5s, reg..
N. Y. & Long Br. RR. Co. gen.
9,000 00
1,100 00
48000
18,682 96
1,620 00
84,000 00
N. Y? & Long Br. RR. Co. gen.
mtge. 4s, gold reg. coup
New York Bay RR. Co. 4s,
certificate of indebtedness. . .
Northern Central Ry. Co. con.
gen. mtge. 6s, coup. gold. .
North & West Branch RR. Co.
Wash. Southern Ry. Co. 1st
mtge. 3^8, gold reg. coup —
West. N. Y. & Pa. Ry. Co. in-
come mtge. 5s, coup
1,000,000 00
9,123,000 00
54,000 00
888 38
West. N. Y. & Pa. Rv. gen.
mtge. 4s, coup. reg. gold . ...
\Vcst. N. Y. & Pa. Ry. income
mtge. bond scrip
1,890 00
Penn. Canal Co. g. mtg.6s, coup.
Penn. Co. euar. 3<8, coup. reg.
trust certif. series " B '
Penn. RR. Co. 4s, equip, g. tr.
coup. reg. aeries ''A "
384,000 00
35,000 00
14,000 00
Western Penn. Exp'n Society
1st mtge. 6s, coup., reg.
398 25
York, Hanover & Fred. RR.
Co. mtge. 4s, coup. reg. gold.
Totals...
150,000 00
r>t>o on
46,486,823 37
1,552,948 66
POOR'S MANUAL — PENNSYLVANIA RR. CO.
669
38. SUMMARY OP STOCKS AND BONDS OWNED.
Par Value of Stocks $251,528,125 85
Par Value of Bonds ...... 46,486,823 37
$298,014,949 22
Cost, as per General Balance Sheet 202,994,161 08
Of the foregoing securities there are deposited under the
Consolidated Mortgage and the Collateral Trust Loan :
Stocks of a Par Value of $67,lC,s,550 00
Bonds of a Par Value of 17,126,000 00
Total... 184,294,55000
39. Statement of bonds and stocks owned by Pennsylvania RR. Co. for nine years :
1893
1894
1895
1896
1897
1898
1899
1900
1901
Bonds, par
Stocks, par
Total . . .
Cost, same
Income . . .
$
42,291,311
130,502,079
$
42,660,182
127,727,068
$
42,148,649
127,357,655
41,000,296
132,598,134
$
42,504,246
132,598,791
39,780,882
132,891,226
41,116,782 49
135,137,706 60
$
46,833,835 87
208,225,809 18
$
46,486,823 37
251,528,125 85
172,793,390
118,680,409
4,955,037
170,387,250
119,005,656
4,619,394
169,506,304
118,035,906
4,353,987
173,598,430
119,947,895
4,615,433
175,103,037
119,659,344
4,616,216
172,672,108
117,238,886
3,636,057
176,254,489 09
120,362,425 97
4,739,506 15
255,059,645 05
164,965,438 20
5,781,^9780
298,014,949 22
202,994,161 08
7,781,720 38
40. GENERAL REMARKS.
The report of the Managers of the Trust created Oct. 9, 1878, shows that there has been paid to this
Trust by the company to Dec. 31, 1901, the sum of $5,036,646.04; that on that date securities amounting
at par to $10,926,090 were held in the Trust, and that the total income therefrom has been $8,517,161.94.
There was appropriated to the Trust for the year 1901, the sum of $109,673.45, and the interest received on
securities held in the Trust during the year averaged about 4T75 p. c. on their cost.
The statement of the Insurance Fund shows assets on hand at the end of the year of $4,863,603.62,
being an increase, as compared with 1900, of $231,198.05.
The membership of the Employees' Voluntary Relief Department of the Lines East of Pittsburgh and
Erie continues to increase, and aggregated 59,670 at the close of the year, being a gain of 8,142 members
as compared with the previous year. The statement of the operations of the Fund shows that during the
year the members contributed $937,040.69, while the company and its affiliated lines paid $148,357.13 for
operating expenses. The total receipts of the Department, including interest and other items, were
$1,176,206.17, which, with $377,331.05, the balance on hand at the beginning of the year, made an aggregate
of $1,553,537.22, out of which $376,274.18 was distributed as death benefits (being an average in each case of
about $560.77), and $590,362.11 in cases of disability arising from sickness and accident. After meeting its
obligations for the year, a balance of $357,269.45 remained to the credit of the Fund, from which must
be paid unadjusted claims for benefits growing out of sickness or accident during the year 1901 and
previous years. In addition to this balance there is a surplus which has accumulated during the life of
the Fund, amounting to $751,256.25, which has been invested in securities yielding a return of 4 p. c. upon
their cost.
The statement of the Employees' Saving Fund shows that the number of employees who availed
themselves of its benefits continues to increase, there being 7,055 at the end of the year, a gain of 526 over
the preceding year. The amount rceived from depositors during 1901 was $791,857, and the balance in the
Fund, at the close of the year, was $3,219,908.22. Of this amount, $3,100,000 has been invested in securities,
bearing interest at an average rate of over 3J p. c.
The Pension Department is fully meeting the purposes of its organization. During the year
there were retired 141 employees who had reached the seventy-year limit, and 88 employees between sixty-
five and seventy years of age, who had been over thirty years in the service and were incapacitated for
further active work. Of the employees who had been formerly retired 100 died during the year, so that
there are now carried on the rolls 921 employees over seventy years of age and 184 between sixty-five and
seventy years of age. The amount of allowances paid during the year was $236,648.02.
It has been deemed to the interest of the company, in the administration of the Pension Department,
to pursue a liberal policy toward the employees between sixty-five and seventy years of age who become
incapacitated for active service. This, together with the extension of its benefits to the Buffalo and
Allegheny Valley Division, which has become a part of the system since the department was inaugurated,
has increased the demands upon the fund, so that a somewhat larger sum will be necessary to meet its
requirements. The approval of the stockholders will therefore be asked at the annual meeting for an
increase of the maximum annual appropriation to this fund from $230,000 to $300,000.
It will be seen from the Income Account that the revenues were sufficient to permit the payment of an
extra dividend of 1 p. c. in addition to the regular dividend of 5 p. c., and the application of a large
sum to the revision of grades and alignment and the improvement of equipment and terminal and other
facilities. After deducting the advances to coal and other companies in the system, and the amounts
charged off in reduction of the value of securities and for extraordinary expenditure, from the sum
realized from the premium on the stock allotment, profit on sale of securities and miscellaneous sources,
there was a balance of $6,825,171.99, of which $5,000,000 was transferred to the Extraordinary Expenditure
Fund, and the residue to the credit of profit and loss.
In pursuance of the action of the stockholders at the last meeting and of the vote taken thereon
at the annual election, the authorized capital stock of the company was increased by the sum of $100,000,000,
the company at the same time, as a necessary prerequisite, accepting the provisions of the Constitution
of Pennsylvania which went into effect Jan. 1, 1874. Under the power thus conferred an allotment was
made by the board of directors, to the shareholders, of 33j p. c. of their holdings on April 26, 1901, at
$60 per share. This increase appears in the balance sheet on page 664, and the proceeds thereof were applied
to the payment of the temporary collateral investment obligations amounting to $20,650,000, and appearing
in the balance sheet as of Dec. 31, 1900, the purchase of additional railway securities, the payment for
the stock of the Long Island R.R. Co. referred to in the last report, the redemption of bonds upon various
roads in the system, and the general corporate purposes of the company.
A further issue of the capital stock was made for the purpose of acquiring the stock of the
Philadelphia, Wilmington and Baltimore RR. Co. not owned by the company. This road forms an
important link in the line between New York and Washington, and as the Penn. RR. Company already
held over 90 p. c. of its stock, and in conjunction with the Northern Central Ry. Co. owns all the
670 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
stock of its Southern connection, the. Baltimore and Potomac RR., it was deemed wis« that the company
should become its sole proprietor, and the two roads, the Philadelphia, Wilmington and Baltimore and
Baltimore and Potomac, he hereafter merged into one organization. This if considered the more essential,
as large expenditures will be required in connection with the revision of the line and the elimination of
grade crossings in the National Capital, the erection of a new passenger station at that point, and the
renewal of the bridge over the Potomac River, and it is believed that the financial arrangements in
connection therewith can be more advantageously made after such consolidation.
The stockholders having also directed the classification of the directors under the provisions of
an Act of Assembly approved Feb. 9, 1901, the present members of the board were elected in March, 1901,
to serve respectively for terms of from one to four years. The terms of the members of the first class, four in
number, expired in March, 1902, and at all elections hereafter held those chosen will serve for the full
term of four years.
A very large amount of work upon the Main Line and branches and on the United RRs. of New
Jersey is included in the extraordinary expenditure for the year. The improvements at West Philadelphia
cover a change of alignment between Powelton Avenue and Market Street, the erection of a station at that
point for the interchange of passenger traffic between the Main Line, the United RRs. of New
Jersey, and the Philadelphia, Wilmington and Baltimore RR., and for the use of fast express trains that
do not enter Broad Street Station, and the elimination of the existing grade crossings of the freight tracks
by the Main Line passenger tracks and those of the Schuylkill Division. This work is being vigorously
prosecuted and will be completed during the coming summer.
The pneumatic automatic signals were completed to Paoli, the revision of the line and the construction
of the four-track system completed at Rheems, on the Philadelphia Division, and the under-grade crossing
at Market Street partially constructed under the agreement with the municipal authorities of Harrisburg.
On the Middle Division the masonry of the new bridge over the Susquehanna River was completed
and it will be put in service early in the spring. The improvement at Marysville embraces the construction
of about two miles of new line and of a south leg to the Y at that point, and will enable the passenger
tracks to be carried over the Northern Central line and yards, and facilitate the train movement of both
systems. A large amount of work was also done in the revision of the line and the extension of the four-
track system at various points, notably between Duncannon and Aqueduct, Lewistown and Mifflin, and
Mount Union and Mill Creek. The new line at Duncannon eliminates a number of grade crossings in the
town and includes the construction of stone bridges over Sherman's and Juniata Creeks. The completion
of the work at Iroquois, west of Aqueduct, closes up the four-track system from Duncannon to a point
near Newport, while that between Lewistown and Mifflin will make it continuous, with the exception of
about three-quarters of a mile, from near Port Royal to the Manayunk bridge. The large outlay between
Mount Union and Mill Creek will complete the system between Mount Union bridge and Spruce Creek.
The third track was also extended from Spruce Creek to Union Furnace, thus making it continuous from
Spruce Creek to Tyrone.
On the Pittsburgh Division the further improvement of the line on the western slope of the mountain
necessitated an exceptionally large expenditure between Wrilmore and Summerhill, and will result in the
establishment of the four-track system between those points on a shorter distance and much reduced
curvature. Between Latrobe and Beattys the same policy is being pursued, and will result in the elevation
of the tracks through Latrobe and the construction of a new stone four-track bridge over the Lo5ralhanna.
Similar work is in progress between Larimer and Stewart, and the line has also been revised between Stewart
and Pitcairn.
In Pittsburgh, the waiting-room of the new passenger station has been in service since Oct. 1, and
the reconstruction of the terminals at that point, including the elevation of the tracks between the
station and the bridge across the Allegheny River, is almost completed, with the exception of the train
shed 'and office building, which will be finished in the course of a few months. The reconstruction of
the bridge across the Allegheny River will be taken up promptly, and in connection therewith, the tracks
of the Western Pennsylvania Division and of the Pittsburgh, Fort Wayne and Chicago Railway will be
elevated through Allegheny City. It is also necessary that the most liberal expenditures shoulJ be made
in the district of which Pittsburgh is the center to enable the company to handle promptly and effectively
the heavy freight traffic originating and concentrating at that point.
This is requisite, not only on the Main Line, but on the South side, where, during the past year,
the Pittsburgh, Virginia and Charleston Ry. Co. has made very large outlays in the purchase of real
estate so as to provide the four tracks and terminal facilities necessary for its business. At the same
time the Southwestern line, the Pittsburgh, Cincinnati, Chicago and St. Louis Ry. Co., has undertaken a
most difficult and expensive piece of work in the same vicinity for the purpose of securing the additional
tracks and facilities essential to its efficient operation.
On the branch and auxiliary lines, the principal expenditures were upon the roads specially engaged in
the bituminous coal traffic.
On the South -Fork and Scalp Level and Ebensburg and Black Lick Roads extensions were made to
develop the coal territory tributary thereto; on the Southwest Pennsylvania Ry. the second track was
extended between Radebaugh and County Home Junction and the Youngwood yard improved, while
additional branches and sidings were constructed on the Tyrone and Clearfield and Cambria and Clearfield
Railroads. On the Western Pennsylvania RR., the Sang Hollow extension, which had been heretofore
used as a siding for the traffic of the Cambria Steel Co., was reconstructed and put in service as a fourth
track between Johnstown and Bolivar.
Large purchases were made during the year for right of way and real estate required for the improve-
ment of the company's lines. The piers at Greenwich and Shackamaxon Street, and other points on the
Delaware River at Philadelphia, were improved and extended, the yards at various points enlarged, and
additional tools and machinery provided at the Altoona and other shops.
On the United RRs. of New Jersey Division, the ferry house at Desbrosses Street was completed, the
piers and tracks at Harsimus Cove improved, and the trestle on that branch partially replaced by masonry
and embankment. The yards at the Meadows were extended and raised in connection with the construction
of the Passaic Branch of the New York Bay RR. around Newark, which was finished during the year. The
main line of the New York Bay RR. was completed to the bay, and the extension to Greenville is under
construction, as also the necessary bulkheads and piers at that point for handling traffic destined to and
beyond Long Island and to New York Harbor.
The work of elevating the tracks through the city of Newark is being pushed forward and the change
of line east of the bridge at New Brunswick has been completed preparatory to raising the bridge over
the Raritan at that point, and elevating the tracks through that city. The necessary action of the municipal
authorities at Trenton having been taken, and the real estate required for the new bridge at that point
having been obtained, it will be erected this year. Large purchases of real estate and right of way have also
been made with a view to improvement of the alignment through Frankford and Bristol.
On the Main Line, in addition to the usual Car Trust payments for freight cars, large sums have been
expended in rebuilding and increasing the passenger equipment, and providing additional motive power.
The orders placed by the company for engines and cars have been far in excess of any similar provision
POOR'S MANUAL — PENNSYLVANIA RR. CO. 671
heretofore made during a like period, but as before noted, it will be necessary to further pursue this
policy, even at the risk of having idle equipment hereafter, when the pressure that now exists from the
manufacturing industries may have somewhat relaxed.
The total amount of these expenditures during tht year upon the Main Line between New York and
Pittsburgh, and the branches operated in connection therewith, including $5,000,317.86 for equipment, was
117,861,851.90. Of this amount $3,000,000 was provided by the fund set aside from the income of 1900,
$10,824,594.06 was charged against the income of the past year, and $3,536,756.64 against the premium
received from the stock allotment. Additional expenditures upon the branch roads amounting to $3,404,612.50
were met by the several companies out of their own resources.
The extraordinary expenditure during the current year will be largely confined to the work now under
way, covering the improvements on the passenger line between Broad Street Station, Philadelphia, and Over-
brook, the outlay on office building, train shed and other terminal improvements at Pittsburgh, and the
completion of the four-track system between Duncannon and Aqueduct, Lewistown Narrows and Mifflin,
and Mount Union and Mill Creak on the Middle Division, and between Wilmore and Summerhill, Latrobe
and Beattys, and Larimer and Stewart on the Pittsburgh Division.
It will, however, also be necessary to improve the passenger station at Harrisburg, to construct a
new single track tunnel at Gallitzin, and hereafter rebuild the old tunnel, and to improve the Port Perry
bridge and tunnel eo as to accommodate the traffic passing to and from the Pittsburgh, Virginia and
Charleston Uy.
The elevation of the road through Newark, New Brunswick, and Trenton will require considerable
outlay, as well as the extension of the New York Bay RR. to Greenville and the construction of the neces-
sary facilities at that point.
The piers at Jersey City used by steamers engaged in ocean traffic require renewal and improvement,
and the piers at Philadelphia will need additional outlay.
It will be noted that the sum of $5,000,000 has been transferred to the Extraordinary Expenditure
Fund, to be applied to these general purposes.
The directors have long felt that the interests of the company, as well as the convenience of the
public, require the extension of the line into New York and the establishment of a centrally located pas-
senger station in that city, through which the inconvenience and delays of the transfer by ferry will be
avoided. Various methods of accomplishing this result have at different times been considered. The
great cost of a bridge excluded that plan, unless all the railroad companies whose lines terminate on the
west bank of the North River would join in the undertaking. Efforts were made to bring this about, and
the Board offered to co-operate with the other companies to that end, but the project failed to receive
the necessary support. The alternative was the construction of a tunnel line; but the difficulties incident
to the operation by steam of a tunnel, at the depth and with the gradients required by the topographical
conditions, seemed to make that method almost, if not quite, impracticable. Meanwhile, however, the
successful operation of a number of tunnels in different parts of the world by electric power, notably the
perfect working of the Orleans Railway Extension in Paris, indicated that a satisfactory solution of the
problem might be found in the construction of a line, to be operated by electricity, under the North
River to a terminal station in New York, and thence under the East River to a connection with the Long
Island RR. : the tunnels to be of such dimensions as to admit of the passage of standard trains, and electric
motors to furnish the power for the transfer of the trains through the tunnels.
This plan has a great advantage over the bridge, in that it provides a direct connection between the
company's system west of the river and the Long Island RR., and gives to that road the benefit of a
terminal station in New York. Preliminary investigations having favored its adoption, it was thought best
to proceed at once to acquire ground for a station upon the location selected. This has been done and
the greater part of the necessary property purchased at a reasonable price. The importance and cost of
this work, however, and the fact that novel engineering questions were involved, made it the duty of the
Board, before proceeding further, to have the plans for construction, and in fact the whole subject,
thoroughly studied by competent engineers. For this purpose a commission was created consisting of five
civil engineers eminent in their profession, namely: — Col. Charles W. Raymond, United States Army,
Chairman; Mr. Gustav Lindenthal; Mr. William H. Brown, Chief Engineer Pennsylvania RR. Co.; Mr.
Charles M. Jacobs, and Mr. Alfred Noble.
This commission will supervise the preparation of all plans, and will have general control of the
undertaking. The two members last named will have direct charge of the work, which has been divided
into two sections, the North River section having been assigned to Mr. Jacobs, and the East River section
to Mr. Noble. The study of the project has already progressed far enough to establish its entire prac-
ticability. As soon as the problem of building a tunnel under the North River was seriously dealt with,
its supposed difficulties largely disappeared, and the commission will have, in fact, a choice between several
iial
operation of the communities which will be so largely benefited by its completion, and they feel assured
that such proper legislation as may be necessary to consummate the project will have the support of the
authorities both of the State and City of New York.
Under the provisions of an Act of Assembly of the Commonwealth of Pennsylvania, of March 22, 1901,,
authorizing the absorption by one railroad company of other lines connecting therewith, in which it has
an ownership of two-thirds of the capital stock, it is proposed to consolidate with the company's lines
the Schuylkill and Juniata and Trenton Cut-Off RR., in which the company is practically the sole share-
holder. Resolutions authorizing this action were submitted for the stockholders' approval at the annual
meeting. It will be remembered that the Schuylkill and Juniata Railroad extends from a connection
with the Main Line at Philadelphia via Reading to Wilkesbarre, and via Sunbury to a junction with the
Main Line near Lewistown, and thus forms an important highway between the city of Philadelphia and
the valleys of the Schuylkill, Susquehanna, and Juniata Rivers. The Trenton Cut-Off forms a portion
of the branch which diverges from the Main Line at Glen Loch, about 25 miles west of Philadelphia, and
connects at Mcrrisville, Pa., with the Philadelphia and Trenton RR., an important link in the United New
Jersey RR. system, and which was built to give a more direct route for the heavy coal and other traffic
between the Main Line and the New York Division, and thus avoid the delays attendant upon its passage
through the Philadelphia terminals.
In connection with the reconstruction of terminal facilities at Washington, it was deemed advisable to
unite under one control the Washington Southern and Richmond, Fredericksburg and Potomac Rys., the
two roads forming the line between Washington and Richmond, and to have this line owned jointly by
the Northern and Southern lines reaching the National Capital. The company therefore sold the Washington
Southern Ry. to, and became a joint proprietor in, the through line referred to on Nov. 1, 1901.
A consolidation was made, taking effect January 1, 1902, under which the Philadelphia, Germantown
and Chestnut Hill, Engelside, Kensington and Tacony, Fairhill, Bustleton, and Philadelphia, Bustleton
and Trenton RRs. were consolidated with the Connecting Ry. Company. This simplifies the working of
these railways and merges into one corporation lines having a common interest, and practically covering
the local territory between the Main Line and the United RRg. of N. J. • system.
672 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
41. RAILROADS LEASED OR OPERATED BY THE PENNSYLVANIA RR. Co.
Allegheny Valley Ry.— Oil City to Pitts-
burgh, Pa., 132.5 m. ; New Kensington to Parnassus,
Pa., 1.31 m. ; Verona to Plum Creek, Pa., 6.80 m. ;
Redbank to Driftwood, Pa., 109.7 m. ; Lawsonham to
Sllgo, Pa., 10.20 m.— total, 280.51 m.; 2d track, 20.06
m. ; total track (steel, 430.18 m.), 433.62 miles.
Gauge, 4 ft. 8i In. Rail, 60 and 85 Ibs. Reorganiza-
tion March 2, 1892, of the Allegheny Valley RR. Co.,
whose property was sold under foreclosure Dec. 15,
1891. (See Manual for 1893, page 693.) The Brook -
ville Ry. (see General Index) was built by this com-
pany under a separate charter, and Is leased to the
lumber firm of Heidrick & Matson Co. of Brookvllle.
Pa. On July 14, 1900, this property was leased to
the Pennsylvania RR. Co., for 20 years from Aug.
1, 1900; rental, net earnings. This road and the
Western New York and Pennsylvania Ry. are
operated as the "Buffalo and Allegheny Valley
Division " of the Pennsylvania RR. Locomotives.
87. Cars — passenger, 46; combination, 1; baggage,
mail, and express. 17; freight (box, 505; gondola.
2,517; flat, 13; cabin, 35), 3,070; service, 241— total
cars, 3,375. Income Account, year ending Dec. 31,
1901. — Rental, $1,398.443; Interest received, $91 —
total, $1,398,535. Payments: Interest on bonds.
$975,540; expenses and taxes, $168,873; sinking
fund and other charges, $254,122 — total, $1,398,535.
Balance Sheet, Dec. 31, 1901. — Capital stock (shares,
$50) paid in (common, $10,544.200; preferred, $17-,
174,398), $27,718,598; funded debt outstanding, $16,-
695,000; bonds and mortgages, $589,065; miscel-
laneous liabilities, $296,296— total, $45.298,959.
Contra: Cost of road and equipment, $43,172,290;
stocks and other investments, $703.108; other assets,
$99,163; profit and loss, $1,324,398 — total, $45,298,959.
Total authorized capital stock (preferred, 3 p. c.
cumulative, $18,000,000; common, $12,000,000), $30,-
000,000. The increase of 150 in preferred stock dur-
ing the year was caused by the conversion of stock
scrip. Funded debt consists of $9.998,000 Low
Grade Div. 1st 7s of April 1. 1910; $800.000 Low
Grade Dlv. 2d 5s, due $100.000 yearly; $5,892,000
gen. gold 4s of March 1, 1942; and $5,000 past due
River Dlv. 1st mtge. bonds.
The 1st mtge. River Division bonds, all but $5.000,
were paid off to Dec. 31, 1898. Having found it Im-
possible to ascertain the ownership of these five
bonds, the trustee has entered satisfaction of the
mortgage In full on the records after filing a proper
bond of Indemnity as security. The Low Grade Div.
2d mtge. bonds are payable $100.000 each Jan. 1.
The gen. mtge. bonds are unconditionally guaranteed,
both as to principal and interest, by the Penn. RR.
Co., by endorsement on each bond. Authorized
amount, $20,000,000, of which $17,100.000 (being
the principal and 8 p. c. additional of the prior
liens not divested of their security) were reserved
to retire the prior liens at maturity, and $1,000.000
for Improvements and betterments to the property.
The Penn. RR. Co. agrees to purchase the interest
on the 1st 7s of 1910 as it falls due, and the bonds
themselves at maturity. During 1896 the coupons
which had been purchased and were held by the
Penn. RR. Co. were paid off with preferred stock.
The Low Grade Division Ists are a 2d mtge. on the
River Division. W. H. Barnes, Pre_s. ; Robert W.
Smith, Treas. ; Jno. M. Harding, Sec.. Philadelphia,
Pa. Office, Broad Street Station, Philadelphia, Pa.
Bald Eaffle Valley RR.— Vail Station to
Lock Haven, Pa., 51.20 m. ; Snow-Shoe Intersection to
Per Se, 22.22 m.; Milesburg to Bellefonte, 2.99 m.;
June, with L. & T. RR. to Bellefonte, 9.45 m.; Sugar
Camp June, to Sugar Camp Mines, 4.72 m.; Grauer
Branch June, to Terminus. 2.05 m.— total. 92.63 m.;
total track (steel. 112.45 m.). 116.37 miles. Rail, 70
Ibs. Chartered March 25. 1861; road opened Dec. 7,
1864. Leased for 99 years to the Pennsylvania RR.
Co. (see Manual for 1893, page 894). Rental, year
ending Dec. 31. 1901. $266.626; other receipts. $7,868
— total, $274.495. Expenses and taxes, $17.234.
Net Income. $257,260. Payments: Interest on bonds,
$19.040; sinking fund and other charges. $17,600;
dividends (10 p. c.), $140,625— total, $177,265. Sur-
plus. $79,995.
Balance Sheet, Dec. 31, 1901.— Capital stock. $1,-
535.000; funded debt (1st mtge. 6s of July 1. 1910),
$316,000; sinking fund, $84.000; accrued interest.
$9.480; profit and loss, $626.653— total. $2,571,133.
Contra: Cost of road, etc., $1.896.376; stocks and
other investments, $128,750; other assets. $546.007 —
total, $2,571,133. John P. Green. Pres. ; Samuel Rea.
Vice-Pres.; Albert Hewson, See.; Taber Ashton,
Treas.. Philadelphia. Pa. Office, Broad Street Sta-
tion, Philadelphia, Pa.
Barnegrat RR.— For particulars relating to thl*
railroad see page 180. The road is leased to the
Manahawkln and Long Beach Transportation Co., but
is operated by the Pennsylvania RR. Co. as a branch
of the Amboy Div. of the United RRs. of New Jersey.
Bedford and Bridgeport Ry.— Mount Dal-
las, Pa., to Maryland State Line, 38.70 m.; Dunning
Creek Branch to Holderbaum, Pa., 10.47 m.— total,
49.17 m.; total track (steel, 48.70 m.), 59.42 miles.
Rail, 60, 67, and 70 Ibs. Reorganization, May 5,
1891, of the B. & B. RR. Co., whose road was sold
under foreclosure March 26, 1891. Operated by the
Penn. RR. Co. under contract dated May 1, 1891.
Rental, year ending Dec. 31, 1901, $143,503. Ex-
penses and taxes, $7,142. Net income, $136,361.
Paid interest on bonds, $85,000. Surplus, $51.361.
Balance Sheet, Dec. 31, 1901. — Capital stock. $600,-
000; funded debt (5 p. c. certificates of indebtedness,
due May 1, 1906), $1.700,000; accrued interest and
unfunded debt, $127,869— total, $2,427.869. Contra:
Cost of road, etc., $2,305,112; profit and loss,
$122,756 — total, $2.427,869. R. D. Barclay, Pres.;
Albert Heweon. Sec.; Taber Ashton, Treas., Phila-
delphia, Pa. Office, Broad Street Station, Philadel-
phia, Pa.
Belvldere Delaware RR.— Trenton to Man-
unka Chunk, N. J., 67.49 m. ; Coalport In Trenton to
East Trenton, N. J., 1.67 m. ; Lambertville to Flem-
ington, N. J., 11.55 m. ; Martin's Creek. N. J., to
Bangor and Portland Ry. June., Pa., 0.29 m. — total,
81.0 m. ; 2d track, 0.81 m. ; total track (steel, 146.57
m.), 157.87 miles. Chartered March 2, 1836; road
completed Nov. 5, 1855. Leased to U. N. J. RR.
& Canal Co., and lease assigned to Penn. RR. Co.,
March 7, 1876. On Feb. 26, 1896, the Martin's Creek
Ry. of Penn., the Martin's Creek Ry. of New Jersey
and the Enterprize RR. were merged into this road.
For particulars relating to the merged railroads,
see Manual for 1896, pp. 729 and 730. Rental, year
ending Dec. 31. 1901, $412,087. Expenses and taxes,
$51.246. Net income, $360.840. Payments: Interest
on bonds, $129,960; sinking fund and other charges,
$38,031; dividends (5 p. c.), $62,650— total, $230.641.
Surplus, $130,200.
Balance Sheet. Dec. 31, 1901. — Capital stock,
$1,253.000; funded debt outstanding (1st mtge. 6s of
1902, $1,000,000; consol, mtge. 4s of 1925. $500.000;
consol. mtge. 4s of 1927, $749,000; consol. mtge. 4s
of 1933, $500,000), $2,749,000; current liabilities,
$34,870; sinking fund, $164,000; profit and loss,
$631,601 — total, $4.832.471. Contra: Cost of road,
etc., $4,135.609; stocks and other investments, $696,-
862— total, $4.832.471. W. H. Wilson. Pres.; Samuel
Rea, Vlce-Pres.; John M. Wood, Treas.; F. W.
Schwarz, Sec.. Philadelphia, Pa. Office, Broad Street
Station, Philadelphia, Pa.
Cambria and Clearfleld RR.— Cresson June.
to Hoovers Mill Branch June., Pa., 49.59 m.; branches
(as per statement on page 649), 53.07 m. — total,102.66
m.; total track (steel, 141.83 m.), 142.29 miles. Rail,
60 and 70 Ibs. Chartered Jan. 13, 1887; road opened
Sept. 24, 1888. Operated under agreement from date
of opening, by the Penn. RR. Co. (See Manual for
1893.) Rental, year ending Dec. 31. 1901, $114.177.
Expenses and taxes, $47,440. Net Income. $66.737.
Paid interest on bonds. $63,950. Surplus, $2.787.
Balance Sheet. Dee. 31, 1901. — Capital stock, $1,300,-
550; funded debt (1st gold 5s of Jan. 1. 1941), $1.-
279,000; accrued Interest, $32.175; profit and loss,
$142,040 — total. $2.753.765. Contra: Cost of road,
etc., $2.579,284; other assets, $174,481— total, $2,753,-
765. First mortgage bonds authorized, $2.000.0(10.
Samuel Rea, Pres.; Albert Hewson. Sec.: Tabor Ash-
ton. Treas., Philadelphia, Pa. Office, Broad Street
Station, Philadelphia, Pa.
Camden and Bnrllngrton Connty RR.—
Camden to Pemberton, N. J., 22.46 m.; Burlington to
Mount Holly, 7.15 m.— total, 29.61 m.; total track
(steel, 39.99 m.), 42.33 miles. Chartered March 15.
1859. Leased to Camden and Amboy RR. Co.; June
1 1868; subleased to Penn. RR. Co.; rental, bond
interest $14.000; dividends (6 p. c.), $22.915; and
for organization, $500— total. $37.415. The Mt.
Holly Branch was transformed into an electric road
and reopened July 23. 1S95. Balance Sheet. Dec
;!1 toot. — Capital stock, $381.925; funded debt (1st
mtge 4s of Feb. 1, 1927), $350,000; unfunded debt,
$17261- interest and dividends, $12.070; profit ami
loss $634— total, $761.890. Contra: Cost of ro;:d.
etc.! $749,186; cash. $12.704— total. $761.890. Prin-
cipal and Interest of bonds are guaranteed by tM
Penn. RR. Co. F. W. Jackson, Pres.; Samuel Rea,
POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.
673
Vlee-Pres. ; F. W. Schwarz, Sec. ; John M. Wood,
Treas., Philadelphia, Pa. Office, Broad Street Sta-
tion, Philadelphia, I'M.
Columbia and Port Deposit Ry.— Colum-
bia, Pa., to Perryville, Md., 43.21 in.; total track
(steel, 53.16 in.), 50.08 miles. Kail, 56 to 70 Ibs.
Organized, July 17, 1S90, as successor to the C. & 1'.
I>. Hit. Co., whose road was sold under foreclosure
March 4, 1890. (See Manual for 1892.) The company
purchased the Port Deposit Branch of the P., W. &
B. RR. on May 12, 1893. Operated by the Penn. RR.
Co., under an agreement made July 1, 1890, and
terminable on 30 days' notice; rental, net earnings.
Hi -ntal. year ending Dec. 31, 1001. $165.014. Expenses
and taxes, $13,740. Net income, $151,274. Pay-
ments: Interest on bands, mortgages, etc., $72,560;
dividends (5 p. c.), $50,000 — total, $122,560. Surplus,
$28,714.
Iliilanoo Sheet, Doc. 31. 1901. — Capital stock ($50
shares), $1,000,000; funded debt (1st mtge.4s of Aug.
1, 1940), $1,800,000; unfunded debt, $30,000; profit
and loss, $849,642— total, $3,079,642. Contra: Cost
of road, |2,818,;.2T6; other assets, $266,367— total,
$3,079,642. Charles E. Pugh, Pres. ; James K. Mc-
Clure, Sec.; J. S. Vuuzandt, Treas., Philadelphia,
Pa. Office, Broad Street Station, Philadelphia, Pa.
( oln inl.iis, Kiiikc.ru and Snrliiwfleld
RR.— Kinkora to New Lisbon, N. J., 10.84 ui. ; total
track (steel, 10.80 m.), 11.98 miles. Kail, 70 Ibs,
Operated only from Kinkora to Lewlstown, 10 miles.
Ch:irtiTed— April 2. 1800, Sept. 1, 1S69, and Feb. 10,
1870. Road opened In April, 1872. Leased to the Penn.
KR. Co., July 1, 1889. Lease expires on either party
giving 6 months' notice. Operated in connection with
Amboy Division. Rental, net earnings, for year end-
ing Dec. 31, 1901, $1,327. Balance Sheet, Dec. 31,
1901— data not obtainable. Capital stock, $66,050.
J. P. Hutchinson, Pres. ; It. H. Aronson, Sec. ; Peter
E. Harvey, Treas., Columbus, N. J. Office, Borden-
to\vn, IsT. J.
Connecting: Ry. — Mantua Junction to Frankford Junction, Pa., 6.75 m. ; total track (steel, 50.59
m.), 54.09 miles. Rail, 56 to 100 Ibs. Chartered April 4, 1S63; road opened Jan. 1, 1868. Leased to
the Philadelphia and Trenton RK. Co. Operated by the Pennsylvania Kit. Co., at a yearly rental equal
to 6 p. c. on cost of property. On Jan. 1, 1902, this road was consolidated with the Bustleton UR.,
Engelside RK., Fair Hill RR., Kensington and Tacony RR., Philadelphia, Bustleton and Trenton RR.,
and Philadelphia, Germantown and Chestnut Hill RR., the consolidated company taking the name of
Connecting Ry. Co. Statements for the merged roads will be found appended hereto.
Income Account, Dec. 31, 1901. — Rental, $148.665; other receipts, $55 — total, $148,720. • Deductions:
Expenses and taxes, $17,387, Interest on bonds, $54,635; dividends (6 p. c.), $76,698 — total, $148,720.
Balance Sheet, Dec. 31, 1901. — Capital stock ($50 shares), $1,278.300; funded debt, $991,000; accrued
Interest, $450 — total, $2,269,750. Contra: Cost of road, etc., $2,269,300; cash and current assets, $450—
total, $2.269,750.
Funded debt outstanding on Dec. 31, 1901, consisted of $798,000 1st 6s, due in yearly Installments to
Sept. 15, 1904; and $193,000 refunding gold 3}s of Sept. 15, 1930. The Pennsylvania RR. Co. owns
$198,000 series B 6s and $93,000 of the refunding bonds. The authorized issue of refunding bonds Is
$1,000,000; they are intended to replace the 1st mtge. bonds. The 1st mtge. bonds are guaranteed
as to principal and Interest by the Pennsylvania RR. Co.
Officers. — John P. Green, Pres.; Albert Hewson, Sec.; Taber Ashton, Treas., Philadelphia, Pa. Office,
Broad Street Station, Philadelphia, Pa.
BUSTLETON RR. — Holmesburg June, to Bustle-
ton, Pa.. 4.16 m. ; total track (steel, 5.18 m.), 5.66
miles. Organized Dee. 27, 1890, as successor to the
Frankford and Holmesburg RR. Co. Operated at
cost by the Penn. RR. Co. since Jan. 1, 1891. Agree-
ment terminable on 30 days' notice. Deficit in oper-
ation, year ending Dec. 31, 1901, $5,858; add ex-
penses and taxes, $689— total deficit, $6,547. Bal-
ance Sheet, Dec. 31, 1901. — Capital stock, $100,000,
representing cost of road, etc. This road was
merged into the Connecting Ry. on Jan. 1, 1902.
ENGELSIDE RR.— Junction with Connecting Ry.
near 32d St. and Jefferson St. southward to a point
about 160 feet north of Thompson St., Phila., Pa.,
0.17 m.; total track, 0.69 mile. Gauge, 4 ft. 9 In.
Organized Sept. 22, 1892. Operated by the Pennsyl-
vania RR. Co. as a branch of the New York Div.
of the United RRs. of New Jersey. Deficit, year end-
Ing Dec. 31, 1901 (expenses and taxes), $90. Bal-
ance Sheet, Dec. 31, 1901. — Capital stock ($50
shares), $30,000. Contra: Cost of road, etc., $27,-
311; other assets, $2,689 — total, $30,000. This road
was merged Into the Connecting Ry. on Jan. 1, 1902.
FAIR HILL RR.— June, with Connecting Ry.
2,914 ft. east of North Penn. June., Philadelphia,
to Terminus, 0.78 m. ; total track (steel), 1.53 miles.
Chartered June 13, 1892; road opened Feb. 1, 1896.
Leased to the Pennsylvania RR. Co., for 20 years
from Feb. 1, 1896, at a rental equal to Interest on
debentures, 4 p. c. dividends on capital stock, and
taxes. The Pennsylvania RR. Co. owns all of this
company's securities. Balance Sheet, Dec. 31, 1901.
— Capital stock, $150,000. Contra: Cost of road, etc.,
$149,707; other assets, $293 — total, $150,000. This
road was merged into the Connecting Ry. on Jan.
1, 1902.
KENSINGTON AND TACONY RR.— June. P. &
T. RR., at Tioga St., Kensington, to west end of
Tacony yard, 450 ft. from south line of Oxford St.
RR., east of Tacony, 5.13 m. ; June. P. & T. RR. to
Frankford St., Phila., 1.78 m.— total. 6.91 m.; total
track (steel, 9.19 m.), 10.07 miles. Chartered March
25, 1884. Leased to the Penn. RR. Co. for 20 years,
from May 1, 1895, at a rental equal to 4 p. e. on
capital stock and all taxes. Rental, year ending Dec.
31, 1901, $19,133. Expenses and taxes, $1,338. Net
income, $17,795. Paid dividends (5 p. c.), $17,795.
Balance Sheet, Dec. 31, 1901. — Capital stock, $355,-
900; profit and loss, $8 — total, $355,908. Contra:
Cost of road. $355,766; other assets, $142 — total,
$.'155,908. This road was merged into the Connect-
ing Ry. on Jan. 1, 1902.
PHILADELPHIA, BUSTLETON AND TRENTON
RR. — Under construction: Philadelphia to Fallsing-
ton. Pa., 23 m. ; completed, Dec. 31, 1901, 3.55 m. —
total track (steel), 4.19 miles. Consolidation, May 1,
1893. of the Philadelphia and Bustleton Ry. Co. and
the Bustleton and Eastern RR. Co. ; road opened, 3.9
m., Dec. 29. 1896. Receipts from rents, 1901. $1,423.
Expenses and taxes. $1,043. Net Income, $380. Bal-
ance Sheet, Dec. 31. 1901.— Capital stock, $436,450;
profit and loss, $5,732 — total. $442,182. Contra: Cost
of road, etc., $138,023; other assets, $4,159 — total,
$442.182. This road was merged into the Connect-
ing Ry. on Jan. 1, 1902.
PHILADELPHIA, GERMANTOWN AND
CHESTNUT HILL RR. — Germantown June., Pa., to
Chestnut Hill, Pa., 6.75 m. ; Cresheim Br.. 6.27 m. ;
Midvale Br., 0.85 m. — total, 13.87 m. ; 2d track, 6.74
m. — total track (steel, 27.47 m.), 28.17 miles. Rail.
67 to 85 Ibs. Chartered Jan. 2, 1883; road opened
June 11, 1884. Operated by the Penn. RR. Co.,
which guarantees interest on bonds. Rental, year
ending Dec. 31, 1901, $40.757. Expenses and taxes,
$11,135. Net income, $29.622. Paid interest on
bonds. $56.835. Deficit, $27.213. Balance Sheet,
Dec. 31. 1901.— Capital stock. $1.263,000; funded debt
(1st gold 44s of May 1, 1913). $1,000.000; profit and
loss, $21,984 — total, representing cost of road, etc.,
$2,284.984. The 1st mtge. bonds are guaranteed as
to principal and interest by the Pennsylvania RR.
Co. ; the consols have been cancelled and extin-
guished. This road was merged into the Connecting
Ry. on Jan. 1, 1902.
Cressoii and Irvona RR. — Cresson to Irvona,
Pa., 26.67 m.; branches to mines, 2.87 m. — total,
29.54 m. ; total track (steel; 60 Ibs.), 35.46 miles.
Chartered as the Cresson and Clearfield County and
New York Short Route RR. Dec. 19, 1882; completed
in 1890. (See Manual for 1893.) In 1804 foreclosed,
and reorganized under above name. Operated by the
Pa. RR. Co.; rental, net earnings. Rental, year
ending Dec. 31, 1901, $26.187. Expenses and taxes,
$2.581. Net Income. $23,606. Paid interest on bonds,
$20,000. Surplus, $3,606. Balance Sheet, Dec. 81,
43
1901. — Capital stock ($50 shares), $500,000; funded
debt (1st mtge. 4s of July 1, 1924), $500,000; ac-
crued Interest, $70,000 — total, $1.070,000. Contra:
Cost of road, etc., $1,000,000; other assets, $5,733;
profit and loss, $64,267 — total, $1,070.000. Samuel
Rea, Pres. ; Albert Hewson, Sec. ; Taber Ashton,
Treas., Philadelphia, Pa. Office, Broad Street Sta-
tion, Philadelphia, Pa.
Delaware River RU. and Bridge.— Frank-
ford June., Pa., to Haddonneld, N. J., 10.27 m.;
674 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
2d track, 8.34 m. ; total track (steel), 19.48 miles.
Chartered March 17, 1896; road opened April 19,
1896 This is a consolidation, Jan. 17, 1896, of
the Penn. & New Jersey KB. Co. of Penn. and
the Penn. & New Jersey RK. Co. of New Jersey.
Operated by the Pennsylvania ER. Co.; rental, year
ending Dec. 31, 1901, $139,508. Expenses and taxes,
$8,5(50. Net Income, $130,947. Payments: Interest
on bonds, $52,000; dividends (4 p. c.), $52,000 —
total, $104,000. Surplus, $26,947.
Balance Sheet, Dec. 31, 1901. — Capital stock ($50
shares), $1,300,000; funded debt (1st mtge. 4s of
Aug. 1, 1936), $1,300,000; accrued interest, $23,667;
profit and loss, $167,963 — total, $2,791,629. Contra:
Cost of road, etc., $2,600,000; other assets, $191,629 —
total, $2,791,629. The bonds are guaranteed, prin-
cipal and interest, by the Pennsylvania RR. Co. They
may be registered as to principal only at the office of
the company; where also transfers may be made.
Samuel Rea, Pres. ; Taber Ashton, Treas. ; John M.
Harding, Sec., Philadelphia, Pa. Office, Broad Street
Station, Philadelphia, Pa.
Dow iiinivtoii and Lancaster RR.— Down-
Ington to Conestoga June., 37.58 m. ; total track
(steel, 41.06 m.), 41.18 miles. Reorganization, July
30, 1888, after foreclosure, June 7, 1888, of the East
Brandywine and Waynesburg RR. Co. (See Manual
for 1893.) Operated by the Penn. RR. Co. under
authority of resolutions adopted by Board of Di-
rectors, dated from Aug. 1, 1888, and terminable on
30 days' notice; rental, net earnings. Rental, year
ending Dec. 31, 1901, $4.761. Expenses and taxes,
$4.010. Net Income, $751. Interest on bonds, $12.-
000. Deficit, $11,248. Balance Sheet, Dec. 31, 1901.
— Capital stock, $405,650; funded debt (1st mtge.
4s of April 1, 1930), $300,000; unfunded debt. $39,-
000— total, $744,650. Contra: Cost of road. $702,850;
cash, $8,911; profit and loss, $32,889 — total. $744.-
650. Samuel Rea, Pres.; P. W. Schwarz. Sec.; J.
S. Vanzandt, Treas., Philadelphia, Pa. Office (office
Penn. RR. Co.), Philadelphia, Pa.
Ebensburg and Black Lick RR.— Ebens-
burg to Dilltown, Pa., 18.93 m. ; branches, 1.95 m. —
total, 20.88 m. ; total track (steel; 70 Ibs.), 26.11
miles. Gauge, 4 ft. 8J in. Chartered Jan. 18, 1893;
read opened Oct. 22, 1894. Operated by the Penn.
RR. Co.; rental, net earnings. Rental, year ending
Dec. 31, 1901, $21,104. Expenses and taxes, $7,191.
Net income, $13,912. Paid interest on bonds, $8,000.
Surplus, $5.912. Balance Sheet, Dec. 31, 1901.—
Capital stock, $350,000; funded debt (1st mtge. 5s
of June 1, 1943), $190.000; accrued interest, $667;
profit and loss, $10.018 — total, $550,684. Contra:
Cost of road, etc., $540,000; other assets, $10.684
— total, $550.684. Samuel Rea, Pres.; Albert Hew-
son, Sec.; Taber Ashton. Treas., Philadelphia, Pa.
Office, Broad Street Station, Philadelphia, Pa.
Freehold and Jamesburg Agricultural
RR.— Jamesburg to Sea Girt, N. J., 27.54 m.; total
track (steel, 35.61 m.), 35.96 miles. Chartered June
29, 1852; road opened July 18, 1853. Consolidated,
April 23, 1879, with the Farmingdale and Squan
Village RR., 8.60 m., and the Squankum and Free-
hold RR. Leased to Penn. RR. Co., July 16, 1879;
rental, net earnings — for year ending Dec. 31, 1901,
$28,106. Expenses and taxes, $9,027. Net income,
$19,079. Interest on bonds, $26,416. Deficit, $7,-
337. Balance Sheet, Dec. 31, 1901. — Capital stock,
$294,700; scrip, $900; funded debt (sinking fund 6s
of July 1, 1909, $319,000; consol. 4s of July 1, 1909,
$175,000), $494,000; certificates of Indebtedness (6
p. c. ) convertible into bonds, $4.600; sinking fund,
$72,775; current liabilities, $18,949— total, $885.923.
Contra: Cost of road, etc., $807,726; sinking fund,
$72.775; cash, $1,977; profit and loss, $3,445 — total,
$885,923. (For statement of dividends paid in
former years, see Manual for 1893.) F. Wolcott
Jackson, Pres.. Camden. N. J. ; Samuel Rea, Vlce-
Pres. ; J. M. Harding. Sec.; John M. Wood, Treas.,
Philadelphia, Pa. Office, Broad Street Station,
Philadelphia, Pa.
llm-risliu rii', Portsmouth, Mount Joy
and Lancaster RR.— Dillervllle June, to Harrls-
liurjr. 34.49 m. ; Branch Intersection to 2,920 feet west
of Columbia Station, Pa., 18.15 m. — total, 52.64
m. ; 2d track, 52.64 m. ; 3d track, 10 m. ; 4th
track. 10 m. ; total track (steel, 155.83 m.), 156.02
miles. Rail, 85 Ibs. Chartered June 9, 1832; road
opened in 1838. Leased for 999 years from Jan. 1,
1861, the lessees to pay expenses, Interest, and 7
p. c. on stock. Rental, year ending Dec. 31. 1901,
$127,864; other receipts, $6,347— total, $134,211.
Expenses and taxes, $16,812. Net Income, $117,399.
Payments: Interest on bonds. $28.000; dlvi'l-Mids
(7 p. c.), $82,778— total, $110,778. Surplus, $6,621.
Balance Sheet, Dec. 31, 1901. — Capital stock ($00
shares), $1,182,550; funded debt (1st mtge. ext'd 4s
of July 1, 1913), $700,000; accrued interest and
dividends, $55,990; other liabilities, $932; profit and
loss, $163,899 — total, $2,103,371. Contra: Co»t of
road, etc., $1,881,210; stocks, $11,473; other assets,
$210,688— total, $2,103,371. The 6 p. c. 1st mtge.
bonds fell due July 1, 1883, but were extended for 30
years from that date at 4 p. c. John P. Green, I':
Taber Ash ton, Sec. & Treas., Philadelphia, Pa.
Office, Broad Street Station, Philadelphia, Pa.
Johusonbnrg RR.— Johnsonburg to Clermont,
Pa., 19.69 m.; total track (steel; 60 Ibs.), 2G.2U
miles. Chartered March 14, 1887 ; road opened In
1889; branch In 1896. Leased July 8, 1H8!), to the
Pennsylvania RR. Co., for 50 years; rental, net
earnings. Rental, year ending Dec. 31, 1901, $1:
Expenses and taxes, $1,462. Net Income, $18,075.
Paid Interest on bonds, $12,000. Surplus, $6,075.
Balance Sheet, Dec. 31, 1901. — Capital stock, $200,-
000; funded debt (1st mtge. 6s. of March 1, 1929),
$200.000; unfunded debt, $4,000; profit and loss
$8.628— total, $412,628. Contra: Cost of road, $400.-
953; other assets, $11,675— total, $412,628. J. Bay-
ard Henry, Pres.; J. S. Vanzandt, Sec. & Treas.,
Philadelphia, Pa. Office (office Penn. RR. Co.),
Philadelphia, Pa.
Lancaster and Reading Narrow-Gauge
RR.— Lancaster to Quarryville, Pa., 15.21 m.; total
track, 18.44 miles. Gauge. 4 ft. 8J In. Rail (steel,
12.99 m.), 70 Ibs. Reorganization, Sept. 25, 1894, of
a company of the same name (see Manual for 1895,
page 914). Operated by the Pennsylvania RR. Co.,
under a contract dated Jan. 1, 1900, the rental being
net earnings. Rental, year ending Dec. 31, 1901,
$8,196. Expenses and taxes, $2.115. Net income,
$6.081. Balance Sheet, Dec. 31, 1901. — Capital stock,
$350,000; other liabilities, $3,751; profit and loss,
$20,101 — total, $373.852. Contra: Cost of road, etc.,
$350,000; other assets, $23.852— total. $378.852. The
Pennsylvania RR. Co., owns the entire capital stock.
Samuel Rea, Pres. ; F. W. Schwarz. Sec. ; Taber Ash-
ton, Treas., Philadelphia, Pa. Office, Broad Street
Station, Philadelphia, Pa.
Lewisbnrg and Tyrone RR. — Montandon to
B., N. & L. June., near Lemont, Pa., 57.60 m.; Ty-
rone to Falrbrook, 19.90 m. ; Scotia Branch (Fair-
brook to Scotia), 5.30 m. ; Juniata Branch (Junlata
June, to Juniata), 2.08 m. ; Lewisburg Bridge, 0.24
m. — total, 85.12 m. ; total track (steel, 86.16 m.),
95.78 miles. Rail, 45 to 70 Ibs. Chartered as Lewis-
burg Centre and Spruce Creek RR., Jan. 18, 1853;
opened in 1872. Extension and branches opened In
1881. Reorganized under present title, Dec. 31, 1879,
and leased Jan. 1, 1880, for 99 years to the Penn. RR.
Co. Operated as a branch of Phila. and Erie RR.
Rental, net earnings; for year ending Dec. 31, 1901,
$36.209. Expenses and taxes, $5.884. Net Income,
$30,325. Paid interest on debenture certificates,
$14,709. Surplus. $15.616. Balance Sheet, Dee.
31, 1901. — Capital stock. $1,200.000; funded debt
(5 p. c. debenture certificates of Dec. 31. 1897),
$294.175; unfunded debt, $44,126; profit and loss,
$69.008 — total. $1.607.368. Contra : Cost of road,
$1.567,188; other assets, $40,180— total. $1.607.368.
Old funded debt converted into stock. Samuel Rea,
Pres. ; James II. McClure, Sec. ; J. S. Vanzandt,
Treas., Philadelphia, Pa. Office, Broad Street Sta-
tion, Philadelphia, Pa.
Millstone and New Brunswick RR.—
Millstone June, to East Millstone, N. J., 6.64 m. ;
total track (steel, 7.04 m.), 7.56 miles. Chartered Feb.
27, 1837, and revived March 4, 1853. Road opened
Dec. 20, 1854. Operated by the Penn. RR. Co.
from Jan. 1, 1897, under agreement terminable on
thirty days' notice. Deficit from operations, year
ending Dec. 31, 1901, $7,433; add expenses and taxes.
$942. Deficit for year, $8,376. Balance Sheet, Dec.
31, 1901. — Capital stock, $95,750; unfunded debt.
$125,498 — total, $221.248. Contra: Cost of ro:id, etc.,
$113,404; profit and loss, $107,844 — total, $221. 24s.
F. W. Jackson, Pres., Jersey City. N. J. ; J. S.
Vanzandt, Sec. & Treas., Philadelphia, Pa. Office
(office Penn. RR. Co.). Philadelphia, Pa.
Monoiigahela and Washington RR.—
Monongahela to Ellsworth. Pa., 11.0(5 m. ; total track
(steel, 11.45 m.), 11.45 miles. Organized July 20,
1899, road opened June 21, 1900. Operated by the
Pennsylvania RR. Co. under a contract dated June
21, 1900, the rental being net earnings. Deficit
from operations, year ending Dec. 31, 1901. $2.346.
Expenses and taxes, $1.260. Deficit for year, $3.606.
Balance Sheet, Dec. 31, 1901. — Capital stock, $550,-
000; unfunded debt, $5.421 — total, $555.421. Contra:
Cost of road, etc., $535,499; other assets, $12,395;
POOR'S MANUAL— PENNSYLVANIA RR. SYSTEM.
675
profit and loss, $7,527— total, $555,421. Samuel Rea,
I'res.; F. W. Schwarz, Sec.; Taber Ashton, Treas.,
Philadelphia, Pa. Office, Broad Street Station, Phila-
delphia, Pa.
Mount Holly, Liimberton and Medford
Illl.— Mount Holly to Medford, N. J., 5.95 in.; total
track (steel, 6.56 m.), 6.99 miles. Chartered April 2,
lS(i(i. Kuad opened Dec. 20, 1868. Leased to and
operated by the Penn. Ktt. Co. since 1873. Rental,
year ending Dec. 31, 1901, $2,903, being dividends (6
p. c.) on $45,050 capital stock, and $200 for organiza-
tion expenses. Capital stock, $95,650; funded debt
(1st intge. 7s of April 1. 1S99), $75,000 — total, repre-
sent ing cost of road, $170,650. Funded debt matured;
owned by the Penn. KR. Co. Samuel Rea, Pres. pro
tein., Cainden, N. J.; F. W. Schwarz, Sec.; John M.
Wood, Treas., Philadelphia, Pa. Office, Broad
Street Station, Philadelphia, Pa.
New York; Bay RR.— Point 4.037 ft. east of
Waverly Station, N. J., to crossing of C. RR. of
N. J., 2.20 m. ; branches, 7.24 m. — total, 9.44 m. ; 2d
track, 6.03 m. ; total track (steel, 19.59 m.), 19.59
miles. This road is operated by the Pennsylvania
RR. Co., but there is no lease. Rental, year ending
Dec. 31, 1901, $38,683. Payments: Interest on bonds,
$18,683; dividends (4 p. c.). $20,000 — total, $38.683.
Balance Sheet, Dec. 31, 1901. — Capital stock ($50
shares), $500,000; funded debt (4 p. c. debenture
certificates), $467,074; unfunded debt, $1.884.600 —
total, representing cost. etc.. $2,851,674. The securi-
ties of this company are all owned by the Pennsyl-
vania RR. Co. Samuel Rea. Pres., Camden, N. J. ;
F. W. Schwarz, Sec.; John M. Wood, Treas., Phila-
delphia, Pa. Office, Broad Street Station, Phila-
delphia, Pa.
PertH Aniboy and Woodbridge RR.—
Perth Amboy June., near Rahway, to Perth Aiuboy,
N. J., 6.40 m. ; total track (steel, 14.89 m.), 15.01
miles. Chartered March 9, 1855; road opened Oci.
11, 1864. Operated by Peiin. RR. Co. for cost, by
agreement terminable on thirty days' notice. Rental,
year ending Dec. 31, 1901, $50,513. Expenses and
taxes, $5,382. Net income, $45,131. Payments: In-
terest on bonds, $4,000; dividends (10 p. c.). $22,840
—total, $26,840. Surplus, $18,291. Balance Sheet, Dec.
31, 1901. — Capital stock, $228,400; funded debt (de-
benture 4 p. c. registered bonds of Feb. 1, 1918),
$1(10,000; unfunded debt, $1,667; profit and loss,
$165,426 — total, $495,492. Contra: Cost of road.
$346,439; other assets, $149,053 — total, $495,492.
Vacancy, Pres.; F. Wolcott Jackson, Vice- Pres.,
Jersey City, N. J. ; J. S. Vanzandt, Sec. & Treas.,
Philadelphia, Pa. Office (office Penn. RR. Co.),
Philadelphia, Pa.
Philadelphia and Beach Haven RR.—
Manahawkin to Beach Haven, N. J., 12.09 m.; total
track (steel), 14.54 miles. Organized as Long Beach
RR. Co.. Oct. 23, 1883. Sold under foreclosure, Nov.
28, 1893, and reorganized under the preset. t title.
Leased to the Penn. RR. Co. ; rental, net earnings.
Balance Sheet. Dec. 31, 1901.— Capital stock ($50
shares) paid in, $200,000; other liabilities. $137,660 —
total, $337,660. Contra: Cost of road, $200,000; profit
and loss, $137.660 — total, $337.660. Samuel Rea,
Pres., Camden, N. J. ; F. W. Schwarz, Sec.; John M.
Wood, Treas., Philadelphia, Pa. Office, Broad Street
Station, Philadelphia, Pa.
Philadelphia and Erie RR.— Sunbury to Erie, Pa., 287.56 m. : branches, 17.24 m. — total, 304.80
m. ; 2d track, 89.36 m. ; total track (steel, 590.83 m.), 600.90 miles. Rail, 56 to 85 Ibs. Chartered April 3,
1837, as Sunbury and Erie RR. Co.; construction commenced in 1852; whole line opened Oct. 4, 1864. Leased
to Penn. RR. Co. for 999 years from Jan. 1, 1862; rental, net revenue.
Statement of operations, etc., Philadelphia and Erie RR., for eight years ending Dec. 31:
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Kailroad.
387.56
287.56
301.62
301.62
301.62
301.62
304.87
304.80
Pass. Train Miles.
707,528
708,728
721,269
741,322
766,159
766,554
779,907
992,764
Fgt. Train Miles..
1,655,360
1,750,987
1,909,321
2,003,718
1,923,613
2,107,030
2,004,391
2,023,010
Pass'gers Carried.
1,186,093
1,188,181
1,174,953
1,098.896
1,063,830
1,108,087
1,243,876
1,431,262
Pass'ger Mileage.
24,952,091
25,871,870
25,123,174
24,755,558
25,989,696
27,169,180
31,409,051
45,7^3,676
Fgt. (tons) Moved
8,466,400
10,396,811
10,472,600
10,613,807
11,211,164
13,577.341
13,418,059
14,034,814
Fgt. (ton) Miles..
775,331,273
905,583,573
963,934,570
1,040,487,912
1,082,187,852
1,250,233,683
1,204,071,950
1,238,687,357
$
$
$
$
$
$
$
$
Pass'ger Earnings
598,581
614,197
600,900
581,175
600,375
632,521
736,440
985,899
Freight Earnings.
3,240,065
3,611,291
3,765,352
3,860,583
3,810.888
4,554,786
4,921,410
5,625,439
Miscellaneous . . .
126,550
153,086
146,199
159,499
163,1SO
160,722
166,777
178,352
Total
3,965,196
4,378,574
4,512,511
4,601.257
4,574.443
5,348,029
5,824,626
6,789,690
Oper'g Expenses .
2,942,613
3,140,859
3,229,534
3,300,501
3.197,493
3,621,317
3,677,966
4,011,294
Net Earnings
1,022,583
1,237,715
1,282,977
1,300,756
1,376,950
1,726,712
2,146,660
2,778,396
Gross Earn. p. M.
13,789 11
11,636 64
14,960 92
15,255 15
15,166 25
17,731 02
19,105 28
22,275 88
Operat Exp. p. M.
10,233 04
8,335 67
10,707 30
10,942 58
10,601 07
12,006 22
12,064 05
13,160 41
Net Earn. p. Mile.
3,556 07
3.300 97
4,258 62
4,312 57
4,565 18
5,724 80
7,04123
9,11547
Exp. to Earnings.
74.21 p. c.
71. 63 p. c.
71. 57 p. c.
71. 73 p. c.
69. 90 p. c.
67.7 p. c.
63.1 p. c.
59.1 p. c.
A v. Rate p. P.p.M.
2.40 c.
2.37 c.
2.39 c.
2.35 c.
2.31 c.
2.33 c.
2.35 C.
2.16c.
Av.Ratep.T.p.M.
0.42 c.
0.40 C.
0.39 c.
0.37 c.
0.35 c.
0.36 c.
0.41 c.
0.45 c.
S
$
$
$
S
S
S
$
Common Stock. . .
7,985,000
7,985,000
7,985,000
7,985,000
7,9a5.000
7,985,000
7,985,000
7,985,000
Special Stock
2,400,000
2,400,000
2,400,000
2,400,000
2,400,000
2,400,000
2,400,000
2,400,000
Funded Debt
19,799.000
19,799,000
19,799,000
19,823.000
19.823.000
19.823.000
19,823,000
19,823,000
Bills, Acc'ts, etc..
67,099
64,541
31,942
*391,226
*391,576
*392,326
*392,026
*466,971
Renewal Fund
72,000
144,000
244,000
305,130
Extra. Exp. Fund
150,000
500,000
400,000
Profit and Loss . . .
635,774
624,986
684,786
318,760
303,924
400,563
470,881
622,338
Total Liabilities
30,886,873
30,873,527
30,900,728
30,917,986
30,975,500
31,294,889
31,814,907
32,002,439
Construction
30,466,182
30,466,182
30,466,182
30,466,182
30,466,182
30,466,182
30,466,182
30,466,182
Investments
43,314
43,314
30.021
29.963
29,963
29,963
29,963
28,963
Cash & Other A'ts
377,377
364,030
404,525
421,841
407,355
504.744
574,763
802,164
Cash to Cr. Re-
[
72,000
144,000
244,000
305.130
newal Fund . . .
Cash to Cr Extra
1
)
Expen. Fund...
V
150,000
500,000
400,000
1
Total Assets....
30,886,873
30,873,527
30,900,728
30,917,980
30,975,500
31,294,889
31,814,907
32,002,439
* Includes interest accrued on bonds to Dec. 31, $384,987.50.
676 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Income Account, year ending Dec. 31, 1901.— Net earnings (see page 000), $2,778,396; other reciii.t-
^18,889 — total, $2,797,285. Payments: Interest on bonded debt, $1,019.150; on valuation of ei|ui|.infni lui
nlshed by lessee, $124,825; taxes, $71,545; maintuineiice of organization, $8,000— total, $l,223.r>r.i. Net
income, $1,573,766 from which deduct: Extraordinary expenditures for 1901, $469,897; amount trai.v
to renewal fund, $200,000; to extraordinary expenditure fund, $4l»0,OOO — total, $1,000.,V.I7. Balance.
Mi9. out of which was paid interest of 7 p. c. on special guaranteed stock, $lt;s.noo; dividend in p. ,.. , ,,',,
common stock, $159,700 — total, $327,700; leaving surplus for year, $176,169. Surplus forward ($17
less amount charged off account depreciation in value of rails used on tributary lines, and la adjust men t
of sundry accounts, $24,712), $446,169— total, to credit of profit and loss, Dec. 31, 1901, $622.338.
General Balance Sheet, December 31, 1901.
Cost of Construction $30,466,182 05
Securities of Otter Companies
Rails used by Tributary Lines under
Agreement
Cash
Cash on Deposit with Penna. RR. Co.
to pay Int. on Bonds, due Jan. 1, 1902
Cash to Credit of Renewal Fund. . . .
Cash to Credit of Extraordinary Ex-
penditure Fund
Total Assets $32,002,439 09 Total Liabilities $32.002,439 09
Special stock is entitled to 7 p. c. per annum before dividends can be paid on common stock. Voting power
attaches to stock after 30 days' ownership.
Funded debt outstanding Dec. 31, 1901. consisted of (1) $8,680.000 gen. mtge. gold 6s of July 1, 1920, int.
J. & J. ; (2) $5,263,000 gen. mtge. gold 5s of July 1, 1920, int. A. & O., and (3) $5,880,000 gen. mtge. reg. 4s
of July 1, 1920, int. A. & O.— total, $19,823,000. (For further particulars, see Ready Reference Bond List.)
The gen. mtge. is for $20,000,000. Principal and interest of the bonds are guaranteed by the Penn. RR.
Co.
Managers, P. & E. RR. Co. (elected Feb. 10, 1902). — By Stockholders: Samuel Gustine Thompson. N.
Parker Shortridge, Samuel Rea, William L. Elkins, Amos R. Little, J. Bayard Henry, William H. Barnes,
John P. Green, John H. Catherwood, George Wood. By Philadelphia City Council: James Elverson,
Joseph W. Gross, W. S. P. Shields. Officers: N. Parker Shortridge, Pres., J. S. Vanzandt, Sec. & Trees.,
Philadelphia, Pa. Office (office Penn. RR. Co.), Philadelphia, Pa.
30,466,182 05
28,962 50
Capital Stock— Common ($50 shares)... $7,985,000 00
Capital Stock— Special ($50 shares) 2,400,000 Oo
Funded Debt (see below) 19 823 000 00
16,462 14
522 992 40
Int. on Bonds, Matured and Uncollected :.' ,:;in (in
Dividends Uncollected 74 455 00
262,710 00
Int. Accrued on Bonds to Dec. 31, 1901 384.987 50
Individuals and Companies 5 218 50
305,130 00
Renewal Fund 305 1 30 oo
Extraordinary Expenditure Fund 40011011 on
400,000 00
Profit and Loss C22
Philadelphia and Lonpr Branch RR.-
Birmingham to Bay Head June., N. J., 46.09 m.;
Island Heights June, to Island Heights, N. J., 1.18
m.; Junction to Brown's Mills, N. J., 1.80 m.— total,
49.07 m. ; total track (steel, 53.31 m.), 54.86 miles.
Rail, 56 to 70 Ibs. Consolidation, Oct. 13, 1883, of
the Philadelphia and Long Branch Ry., and the
Pemberton and Seashore RR. The Island Heights
RR. was absorbed in June. 1885. Leased to the Penn.
RR. Co.. for 50 years from Jan. 1, 1884; rental,
net earnings. Deficit from operations, year ending
Dec. 31, 1901. $33.202; add interest on bonds, $.37.500;
expenses and taxes, $7,725— total deficit. $78.428.
Balance Sheet, Dec. 31. 1901. — Capital stock, $765.-
000; funded debt (consol. mtge. 5s of Dec. 1,
1913), $750.000; unfunded debt, $378,060— total,
$1.893,060. Contra: Cost of road. $1.545.134; profit
and loss, $347.927 — total. $1,893,060. The consol.
mtge. bonds are authorized to the amout of $900.000.
Samuel Rea, Pres. ; F. W. Schwarz, Sec. ; John M.
Wood, Treas., Philadelphia, Pa. Office, Broad Street
Station, Philadelphia, Pa.
Philadelphia and Trenton RR.— Morris-
ville to Frankford June., 23.66 m.; Kensington Br..
2.84 m.— total, 26.50 m.; 2d track, 26.50 m.; 3d
track, 25.88 m.; 4th track. 23.66 m.— total track
(steel, 129.83 m.). 133.75 miles. Chartered Juno 9.
1832; road opened 1834, and from 1836 operated under
traffic contract by the C. & A. RR. Co. In 1871
it was leased in connection with the United New
Jersey RRs. to the Penn. RR. Co.. and has been
operated since as a part of the New York Div. Ren-
tal, year ending Dec. 31. 1901, $77.368. Payments:
Taxes. $27.958; dividend (10 p. c. on $494,100 stock),
$49,410 — total. $77.368. Balance Sheet. Dec. 31,
1901.— Capital stock. $1,259.100; unfunded debt. $2.-
926.508; profit and loss, $703.554— total, $4,889.162.
Contra: Cost of road. $4.784.506: stock and other in-
vestments, $104.656 — total, $4.889,162. Stock must
be held for ten days in advance of dividend days
to entitle holders to dividends. John P. Green. Pres. ;
J. R. McClure, Stec. ; John M. Wood, Treas.. Phila-
delphia. Pa. Office, Broad Street Station, Philadel-
phia, Pa.
Plttslinrsrh, Virginia and Charleston
Ry.— Pittsburgh to West Brownsville, Pa., 53.20 m. ;
branches, 31.08 m. — total. 84.28 m. ; 2d track. 52.03
m.; 3d track. 12.10 m. ; 4th track, 1.79m. — total trnrk
steel, 226.08 m.). 233.33 miles. Rail. 56 to 70 Ibs.
Chartered Feb. 4, 1870, and road opened in 1S73.
Consolidated with the Brownsville RU. Co. in 1881.
(See Manual for 1892.) In 1894 the McKeesport and
Bessemer RR., the Monongahela River and Streets
Run RR., and the Brownsville and State Line RR.
were consolidated with this road. Operated by the
Penn. RR. Co., under lease for 30 years from April
1, 1895; rental, net earnings — year ending Dec 31
1901. $1,312.566; other receipts. $7.539— total. $1,-
320.105. ' Expenses and taxes. $S83.179. Net income,
$436.926. Payments: Interest on bonds, etc.. $172.-
858; dividends (7 p. c.), $264.068— total, $436,926.
Balance Sheet, Dec. 31. 1901.— Capital stock ($50
shares), $3.772.400: funded debt (1st mtge. series
A 4}s of April 1, 1925), $3.431.000; mortgages, $75.-
949; unfunded debt and accrued interest. $1.438599;
other liabilities, $1.262: profit and loss. $532.914 —
total, $9.252.123. Contra: Cost of road etc.. $7 -
637,150: other assets. $1.614,973— total. $0.252.123.
The authorized amount of consols Is $6,000.000 to
be issued in two series— A, for $4.000.000 ($3.431.000
outstanding; all held by P. RR. Co. I. and B for
$2.000.000. Bonds of series B may bear a different
rate of interest and mature at a different date from
series A. Additional amounts of the bonds may be
issued from time to time as required for extensions,
betterments and acquisition of property. Samuel
Rea, Pres. ; F. W. Schwarz. See. ; Taber Ashton,
Treas.. Philadelphia, Pa. Office, Broad Street Sta-
tion, Philadelphia, Pa.
Pomeroy and Newark RR.— Pomeroy. Pa.,
to Newark (P., W. & B. RK.), Del., 26.7 m.; total
track (steel. 28.71 m.). 28.71 miles. Rail. 52 to 70
Ibs. Formerly Pa. & Del. RR. Sold Feb. 9. 1879,
and became Pomeroy and State Line RR. Reorgan-
ized under present title Dec. 29, 1881. Operated by
the Penn. RU. Co. under a lease for 99 years, dated
March 1, 1880, net results going to lessor. Deficit.
year ending Dec. 31, 1901. $13.342. Expenses and
taxes. $1.695. Total deficit for year. $1S.O37. lial-
ance Sheet, Dec. 31.1901. — Capital stock, ($50 shares),
$500,000; unfunded debt, $201.094— total. $761.094.
Contra: Cost of road, etc., $502.n5r.: profit and
$259.088 — total, $761.094. John P. Green. I'res. : H.
H. Pyle, Sec. & Treas., Philadelphia, Pa. Office,
Broad Street Station, Philadelphia. Pa.
|{ i<!u \\ n> and Clearfleld RR.— Rldgway,
Pa., to Falls Creek. Pa.. 27.23 m. : total track (steel,
::ii 99 in. I. 37.27 miles. Rail. 00 and 70 Ibs. Char-
tered April 20. 1882; road opened in 1885. On Nov.
1, 1894, leased for 50 years to the Penn. RR. Co.
for interest on bonds, taxes, sinking fund, organiza-
tion expenses, and 6 p. e. dividends on stock if
earned. Rental, year ending Dec. 31. 1901, $57.848.
Expense's and taxes. $3.838. Net income. $54.010.
Payments: Interest on bonds. $24.550; dividends
(6 p. c.). $29.460 — total. $54.01O. Balance Slieet.
Dec. 31. 1901. — Capital stock. $491.000; funded debt
(1st nitpe. reg. 5s of Nov. 1. 1923). $491.0OO: un-
funded debt. $4,092; profit and loss, $14,559 — total.
POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.
677
$1,000,651. Contra: Cost of road, $987,508; other
Ud»eii*, .-!iU,M7 — total. $1,000.651. The authorized
issue ,1 1st mtge. bonds Is $1,000,000. Samuel Rea,
i ivs. ; F. VV. Sfhwarz. Sec.; J. S. Vanzandt, Treas.,
i lilladelphla, Pa. Office (office Penn. KR. Co.),
Philadelphia, Pa.
River Front RR.— Junction with Phila. and
Trenton HK., Lehigh Ave., Kensington, to Dock
Street, Philadelphia, 3.62 m. ; branch to Norrls St.,
0.76 m. ; branch to Laurel St., 0.24 m.— total, 4.62
m.; total track (steel. 10.08 in.), 10.66 uilles. Kail,
56 to 88 Ibs. Chartered May 5, 1876; road opened in
1882. Leased to the Penn. Kit. Co., for 50 years
from May 1, 1882; rental, $28,000 per annum and
taxes. Rental, yen:- ending Dec. 31. 1901, $34,171.
Expenses and taxes, $6,171. Net income, $28,000.
Payments: Interest on bonds, $12,900; dividends (5
p. c.), $15,000— total, $27,900. Surplus, $100. Bal-
ance Sheet, Dec. 31, 1901. — Capital stock ($50 shares),
$300.000; funded debt (1st mtge. reg. 4Js of May 1,
1912, $212,000; debenture 4s of Dec. 31, 1903. $84,-
000), $296.000; unfunded debt, $1,590; profit aud
loss, $33.790— total, $631.380. Contra: Cost of road,
$623.089; other assets, $8,291— total, $631.380.
Charles E. Pugh, Pres. ; James R. McClure, Sec. ;
J. S. Vanzandt, Treas.. Philadelphia, Pa. Office,
Broad Street Station. Philadelphia. Pa.
Rocky Hill KR. and Transportation
Co.— Rocky Hill to Kingston, N. J., 2.38 m.; total
track (steel, 3.36 m.), 3.49 miles. Rail, 56 to 67 Ibs.
Chartered Feb. 17, 1853; road opened in 1864. Leased
in perpetuity in 1869 to C. & A. RR. Co. and trans-
ferred to Penn. RR. Co. Rental, 6 p. c. on capital
stock. Balance Sheet, Dec. 31, 1901. — Capital stock,
$45,600; profit and loss, $54— total, representing
cost of road, etc., $45,654. F. Wolcott Jackson,
Pres., Newark, N. J. ; Leroy H. Anderson, Sec.,
Trenton, N. J. ; Stephen Voorhees, Treas., Rocky
Hill. N. J. Offices, Rocky Hill, N. J., and Trenton,
N. J.
Schnylkill and Jnniata RR.— Philadelphia
to New Boston, Pa., 101.30 in.; Toinhlcken to Sun-
bury, Pa., 43.44 m.; Catasvissa to \Vllkeslmrre, Pa.,
43.13 m.; Selingsgrove June, to Lewlstown June., Pa.,
44.74 ui.; branches, 57.32 m.— total, 289.93 in.; 2d
track, 44.98 m. ; total track lincl. 14O.7O in. sidings^,
475.. '{8 miles. Rail (steel. 470.20 m.), 85 Ibs. Con-
solidation, June 1, 1900, of the Pennsylvania Schuyl-
klll Valley, the Nescopec, the North aud West Branch,
the Suubury, Hazletou and Wiikesbarre, and the Sun-
bury and Lewistovvu Rys. (The last published state-
ments for the constituent companies are in the Man-
ual for 1900, on pages 691 and 694.) Leased to the
Pennsylvania RR. Co., at a rental equivalent to net
earnings. Rental, year ending Dec. 31, 1901, $1,662.-
848. Payments: Taxes, $72.396; interest on bonds,
$386,000; dividends (5 p. c.), $617,700; other pay-
ments, $156,730— total. $1,232,826. Surplus, $430.-
022. Balance Sheet, Dec. 31, 1901. — Capital stock.
$12.354.000; funded debt (see below). $7,860,000;
unfunded debt, $250; current liabilities, $63,086;
profit and loss, $3,067.167 — total, $23,334,503. Contra:
Cost of road, etc., $22.226.467; sinking fund, etc.,
$115,000; other investments, $124; other assets,
$992.912 — total, $23.334.503. Funded debt outstand-
ing Dec. 31, 1901. consisted of $5,000,000 Penn. Fchuyl-
kill Vy. 1st 3}s of Dec. 1, 1935; $1.000,000 Snnbury.
Hazleton and Wilkesbarre Ry. 1st 5s of May 1.
1928; $1,350,000 S., H. & W. Ry. 2d income 6s of
May 1, 1938, and $500.000 Sunbury and Lewistown
Ry. 1st 4s of July 1, 1936. The $1,500,000 North and
West Branch Ry. 1st 6s were paid off at maturity,
Sept. 1, 1901. Further particulars respecting the
several bond issues are in the Ready Reference Bond
List (see General Index). The Pennsylvania RR.
Co. owns all the capital stock, and all of the Penn-
sylvania Schnylkill Valley 1st mtge. bonds, $4SS -
000 1st mtge. bonds, and $10,000 2d mtge. income
bonds of the Sunbury. Hazleton and Wilkosbari-p.
This railroad has been acquired by the Pennsyl-
vania RR. Co., by purchase effective as of April
1, 1902.
South Pork RR. — South Fork to Coal Mines, Pa., 8.12 m. ; Beaver Branch. 4.05 m. — total, 12.17 m. ;
total track (steel; 67 to 75 Ibs.), 26.60 miles. On Jan. 1, 1902, the Scalp Level RR. (see appended state-
ment) was merged Into this road. Chartered July 2, 1890; road opened Aug. 15, 1891, and operated
from that date by the Penn. RR. Co., under an agreement terminable on thirty days' notice; rental, net
earnings, year ending Dec. 31, 1901, $76,251. Payments: Interest on debenture certificates, $2.327;
on equipment, $2.394; taxes. $993; other expenses, $38.895 — total, $44.609. Surplus. $31,642. Balance
Sheet. Dec. 31, 1901. — Capital stock, $120.000; 4 p. c. debenture certificate payable on demand, $58.186;
profit and loss, $38,303 — total, $216,490. Contra: Cost of road, etc., $171.306; other assets, $45,184 —
total, $216,490. Samuel Rea, Pres.; F. W. Schwarz, Sec.; Taber Asbton, Treas., Philadelphia, Pa.
Office, Broad Street Station, Philadelphia, Pa.
SCALP LEVEL RR. — Lovett Station to Bab-
cock's Mill, Pa., 16.57 m. ; branches to mines, 8.12
m. — total, 24.69 m.; total track (steel), 35.44 miles.
Rail, 85 Ibs. Chartered March 1. 1897; road opened,
as above, during 1898. Operated by the Penn. RR.
Co., since Sept. 1, 1897, as agent for the owners.
Rental, year ending Dee. 31, 1901, $136,377. Ex-
penses and taxes, $129,457. Net income, $6,920.
Paid interest on bonds, $6,920. Balance Sheet,
Dec. 31, 1901. — Capital stock, $300,000; unfunded
debt, $400,000; profit and loss, $20,834— total, $720,-
834. Contra: Cost of road, etc., $717,061; other
assets, $3.773 — total, $720.834. On Jan. 1, 1902,
this company was merged into the South Fork RR.
Co.
Southwest Pennsylvania Ry.— June, near
Greensburg to Fairchance, Pa., 44.79 ra.; branches,
80.76 m. — total. 125.55 m. ; 2d track. 21.50 m. ; total
track (steel, 220.49 m. ). 221.40 miles. Organized In
1871; road opened in 1873. Leased April 1, 1873. to
Penn. RR. Rental, year ending Dec. 31. 1901.
$249.919; other receipts, $3.985— total, $253,904.
Expenses and taxes, $64,250. Net Income, $189,654.
Payments: Interest on bonds. $63,000; dividends
(10 p. c. ). $149.990 — total, $212.990. Deficit, $23,-
336. Balance Sheet. Dec. 31, 1901. — Capital stock
(auth., $3,000,000; $50 shares), paid in. $1,499.900;
funded debt (1st mtge. 7s of Feb. 1, 1917). $900.000;
bond redemption fund, $96.005; accrued and unpaid
interest, $26.613; profit and loss, $446,533 — total.
$2.969,051. Contra: Cost of road, etc., $2.515.105;
redeemed bonds. $38.000; other assets, $415.946 —
total, $2,969.051. Chas. E. Pugh, Pres.; Albert
Hewson, Sec.; Taber Ashton, Treas., Philadelphia,
, Pa. Office, Broad Street Station, Philadelphia, Pa.
Tipton RR.— From Tipton to Tipton Run Coal
Co.'s Mines, Pa., 4.44 m.; total track (steel, 5.71
m.), 5.78 miles. Rail, 60 and 67 Ibs. Chartered
Sept. 5. 1885; road opened May 1, 1886. Operated
by the Penn. RR. Co. under an agreement terminable
on thirty days' notice. Rental, net earnings. Bal-
ance Sheet, Dec. 31, 1901. — Capital stock (50 shares),
$43.250; unfunded debt, $1,320; profit and loss, $9.540
—total. $54.110. Contra: Cost of road, etc., $43,-
250; other assets. $10,860 — total, $54,110. Samuel
Rea, Pres.; K. H. Pyle, Sec. & Treas., Philadelphia,
Pa. Office, Broad Street Station, Philadelphia, Pa,
Trenton Cut-off RR.— Morrlsvllle to Bucks
County Line, Pa., 15.70 m. ; 2d track, 15.70 m. ;
total track (steel), 39.34 miles. Organized Dec. 3,
1889. Leased by the Pennsylvania RR. Co., Jan. 1,
1892, for one year, the lease to be continued from
year to year until terminated by either party on six
months' notice. Nominal rental, $1 per annum.
Deficit, year ending Dec. 31. 1901 (taxes paid), $500.
Balance Sheet. Dec. 31, 1901.— Capital stock ($50
shares), $100.000. This railroad has been acquired
by the Pennsylvania RR. Co., by purchase effective
as of April 1, 1902.
Tyrone and Clearfleld Ry.— Vail, Pa., to
Grampian, Pa., 49.63 m.; branches. 86.45 m. — total,
136.08 m.; 2d track. 12.34 m. : total track (steel,
189.53), 197.81 miles. Consolidation, April 14,
1884, of the Tyrone and Clearfield and the Moshannon
and Clearfleld RR. Cos. (See Manual for 1892.)
Leased to the Penn. RR. Co. for 50 years from Jan.
1. 1882. Rental, year ending Dec. 31. 1901. $118.045.
Payments: Taxes, $8,045; interest on bonds. $50.000;
dividends (5 p. c.), $50,000— total, $118,045. Bal-
ance Sheet, Dec. 31, 1901. — Capital stock, $1.000,000;
funded debt (1st mtge. 5s of Jan. 2, 1912). $1.000.000;
accrued Interest, $25,000; profit and loss, $668 — total,
$2,025,668. Contra: Cost of road, etc.. $2.000.000;
other assets, $25.668 — total, $2,025.868. Samuel Rea,
Pres.; Albert Hewson, Sec.; Taber Ashton, Treas.,
Philadelphia, Pa. Office, Broad Street Station,
Philadelphia, Pa.
678 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
United New Jersey RR. and Canal Co«.— Jersey City to Trenton, N. J., 56.54 m. ; South Amboy
to Camden, N. J., 61.22 m. ; branches, 27.15 m. — total, 144.91 m. ; 2d track, 98.25 m. ; 3d track, 55.85 m. ; 4th
track, 56.04 m. ; sidings, 289.54 m. — total track (steel, 605.11 in.), 644.59 miles. Canal owned: Bordentown
to New Brunswick, and feeder, 66 miles. The Delaware and Karltan Canal Co. and the Camden and Amho.r
RR. Co. were both chartered Feb. 4, 1830, the former to construct a canal to connect the Delaware and
Rarltan Rivers, and the latter to build a railroad from the Delaware River to Raritan Bay. In Feb., 1831,
an act was passed authorizing the consolidation of the capital stocks of these two companies; they were thus
practically consolidated, although nominally distinct corporations. Their affairs were managed Jointly by the
directors of both, and they were to share equally in profits. Under this joint management the construction
of the works was begun. The main lines of the railroad and canal were completed In 18.H4, and the branches
in 1838. In 1836 the Joint Companies acquired a controlling Interest in the stock of the Philadelphia and
Trenton RR. Co., and entered into an agreement with that company for an equal division of their joint profits
In Jan., 1867, an agreement was entered Into between the United Cos. and the New Jersey RR. and Trans-
portation Co., which owned the line between New Brunswick and Jersey City, forming a link in the through
New York-Philadelphia route, for a consolidation of Interests; and under this agreement the profit-
equally divided between the four companies— the Delaware and Raritan Canal Co., the Camden and Amboy,
th# New Jersey, and the Philadelphia and Trenton RR. Cos. On June 30, 1871, the entire property was
leased to the Pennsylvania RR. Co for 999 years, the lessee receiving all assets and assuming all obliga-
tions, and guaranteeing to the United Cos. an annual rental equal to 10 p. c. on the aggregate capital
stock, and an equal rate of dividends to the Philadelphia and Trenton.
The United New Jersey Railroads, extending from Camden to Amboy, and from Trenton to Jersey City,
with branches and connections, a distance of 467.31 miles; Hudson River Ferries, 1 mile and canal from
Bordentown to New Brunswick and feeder, 66 miles, are operated as the United Railroads of New Jersey
Division of the Pennsylvania RR. Co.
Income Account, year ending Dec. 31, 1901. — Gross earnings, Including Delaware and Raritan Canal,
$24,330,588; expenses, railroad and canal, $17,305,230; net earnings, $7,025,359. Add Interest from Invest-
ments and other income, $255,170 — total Income, $7,280,529. Paid interest on bonds, on mortgages, and
ground rents, organization expenses, etc., 10 p. c. dividends (paid Jan., April, July and Oct.), $7088906
Net profit to lessee. $191,623.
Balance Sheet, Dec. 31, 1901. — Capital stock (Including fractional installments outstanding, $227,50; pre-
mium, $750.000), $21.990.627.50; funded debt (Including overdue bonds), $20,001.625; bonds and mortgages,
$463,143; advanced by Penn. RR. Co., $197,682; expended by Penn. RR. Co., real estate, construction, etc.
(net), $12,916,676; premiums and discount, $46,848; balance of assets over liabilities, $472.455 — total, $56,-
089,056. Contra: Cost of railroads, canals, real estate, equipment, etc., $49,099,898; stocks, $4.320.649;
bonds, $1,105,600; advances, $494,136; other properties, $380,777; cash and cash Items, $509,821; due by
Penn. RR. Co., $178,174— total, $56,089,056.
Statement of income (U. RR. of N. J. Div.) and capital accounts (U. N. J. RR. & C. Cos.), eight
years ending Dec. 31:
1894
1895
1896
1897
1898
1899
1900
1901
Net Earnings, RR
$
4,809,468
def. 12,683
586,012
$
4,775,031
def. 34,427
257,100
S
4,755,106
def. 31,963
320,435
S
5,139,795
def. 37,972
231,195
$
5,486,392
def. 38,578
225,631
S
5,869,307
def. 58,433
253,884
$
6,991,899
def. 34,934
245,188
$
7,084,254
def. 58,896
255,170
Net Earnings, Canal
Int. from Investm'ts, etc. ..
Total Income
5,322,797
2,173,450
10,800
999,415
4,997,704
2,173,450
10,000
930,300
5,043,579
2,178,450
10,000
930,200
80,000
48,700
78,164
5,333,018
2,173,450
10,000
930,200
80,000
50,776
94,912
5,673,445
2,173,450
10,000
930,200
80,000
52,426
94,497
6,064,758
2,173,450
10,000
930.200
80,000
51,000
94,605
7,202,152
2,173,450
10,000
930,200
80,000
51,318
104,000
7,280,529
2,173,450
10,000
859,337
80,000
58,436
97,091
Dividends (10 p. c.)
Organization*, Salaries, etc.
Interest on N. J. Loans —
*Interost on Penn. RR. 4s. .
Int on Ad v Connecting Ry..
Interest on Mtges. & Rents.
Rents
78,883
406,823
78,318
Dividends Branch Roads. . .
Interest Branch Roads
Rentals Leased Roads, etc..
Transit Duty and Taxes —
Com. Paying Coupons, etc..
Construction, etc
30,676
26,250
605,862
307,500
1,677
V 681,644
395,472
926
656,132
404,899
906
221,704
820,664
398,336
903
293,056
928,185
417,160
880
473,835
1,049,324
469,801
1,087
1,051,331
1,035.932
451,193
1,483
'5,027,442
1,034,164
467,833
1,243
2,307,351
Total Payments
4,641,336
4,270,010
4,604,155
4,852,298
5,160,633
5,910,798
6,865,017
7,088,906
Profit or Loss
P 679,461
21,990,627
20,001,625
618,143
9,433,252
472,455
P 727,694
21,990,628
20,001,625
608,143
9,725,997
472,455
P 439,424
21,990,627
20,001,625
608,143
9,909,993
472,455
P 480,720
21,990,627
20,001,625
608,143
10,109,503
472,455
P 512,812
21,900,627
20,001,625
608,143
10,303,445
472,455
P 153,960
21,990,627
20,001,625
563,143
11,130,025
472,455
P 837,135
21,990.627
20,001.625
563,143
11,695,868
472,455
P 191,603
21.990,6-37
•hio.oou.a.'i
403,1-1 3
13,161,206
472,455
Capital Stock
Funded Debt
Bonds and Mortgages
Premium on Stocks ]
Expended by P. RR. Co.. }•
Sinking Fund J
Undivided Earnings'
Total Liabilities.
52,506,102
45,516,945
4,320,649
1,105,600
494,136
890,599
178,173
52,798,848
45,809,691
4,320,649
1,105,600
494,136
890,598
178,174
52,982,843
45,993,686
4,320,649
1,105,600
494,136
890,598
178,174
53,182,353
46,193,1%
4,320,649
1,105,600
494,136
890,598
178,174
53,436,295
46,447,138
4,320,649
1,105,600
494,136
890,598
178J74
54,157,875
47,168.718
4,320,649
1,105,600
494,136
890,598
178,174
54,723,718
47,734,561
4,320,649
1,105,600
494,186
890,599
178,174
56,089,056
49,099,898
4,350.<>4!1
1,105,600
494,136
890,599
178,174
Permanent Property..
Stocks
Bonds ....
Advances, etc
Cash and Cash Items, etc. . .
Due by Penn RR. Co
Total Assets
62,508,102
68,798,848
52,982,843
53,182,353
53,436,295
64,157,875
54,723,718
56,089,056
* Representing Interest on $2,000,000 Pennsylvania RR. Co.'s 1st mtge. 4 p. c. bonds issued account pur-
of New York pier properties. t Including overdue bonds,
POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.
Expenditures for additions and Improvements by lessees since 1871:
Before
1893
1894
1895
1896
1897
1898
1899
1900
1901
Construction
$
14,006,604
2,705,631
2,696,908
1,096.445
$
316,742
37,357
43,617
10,000
$
206,939
47,81<>
38,200
$
257,782
19,917
27,650
$
153,133
44,661
12,557
$
218,020
38,794
S
552,435
440,021
114,899
10
$
5*3,855
71,902
73,402
10,457
$
1,034,234
88,708
238,277
120,413
Real Estate
Harsimutt Cove Construction. . .
Harsimug Cove— Right of Way
and Real Estate
2,553
Totals
20,505,588
407,716
292,955
305,349
210,351
259,367
1,107,365
689,615
1,481,622
The total to Dec. 31, 1901, has been expended as follows: For construction, general, $16,236,473; for real
estate, general, $3,373,721; for right of way and real estate, Harslmus Cove, $1,206,455; construction, Harsl-
mus Cove property, $3,199,648 — total cost of construction, real estate, etc., $24,016,297. The amount
obtained from sale of bonds, equipment, real estate, etc., was $8,099,622; stock Issued to Pennsylvania RR.
Co., $3,000.000— total, $11,099.622. Debit balance, Jan. 1, 1902, $12,916,676.
Funded debt outstanding (total, $20,000,000) consisted Dec. 31, 1901, of the following issues (further
particulars are in the Ready Reference Bond List — see General Index) :
$841,000 gen. mtge. gold 6s of Sept. 1, 1908, int. M. &S. $5,646,000 gen. mtge.gold 4s of Mar. 1, 1944, int. M. & S.
1,824,000 gen. mtge. gold 4s of Feb. 1, 1923, int. F. & A. 5,669,000 gen. mtge. gold 3*8 of Mar. 1, 1951, int. M. & S.
6,020,000 gen. mtge. gold 4s of Sept. 1, 1929, int. M. & 8.
6 p. c. interest matured March 1, 1901, and were retired by the issue of a like amount of 34 p. c. bonds,
secured by the same mortgage and maturing March 1, 1951. This mortgage Is the only lien upon the
property, and under its provisions the amount of bonds outstanding cannot exceed $20,000,000.
Statement of operations, etc., United RR. N. J. Division for eight years ending Dec. 31, 1901:
1894
1895
1896
1897
1898
1899
1900
1901
Railroad.
Miles of Railroad..
*Pass. Train Miles.
*Fr'ght Train Miles
Passenger? Carried
Passenger Mileage.
Fr'ght(tons)Moved
Fr'ght (ton) Miles.
Pass. Earnings
Freight Earnings. .
Miscellaneous
Gross Earnings
Oper. Expenses
Net Traf . Earn.
Gross Earn. p. Mile
Gross Exp. p. Mile
Net Earn, per Mile
Exp. to Earnings..
Av.R't p. Pass. p.M.
Av. R'tp.Tonp.M.
Canal.
Tolls
461.48
5,789,839
5,516,586
19,326,607
335,977,081
14,921,586
814,096,233
$
6,944,869
9,392,910
1,108,523
454.75
5,756,479
5,586,985
17,507,733
332,893,364
16,498,034
910,194,224
$
6,906,924
10.094,250
1,372,660
458.04
5,907,027
5,442,313
16,257,575
321,406,154
15,796,716
886,030,519
$
6,741,654
9,852,277
1,417,745
466.42
5,877,851
5,563,908
16,098,257
326.075,553
16,515,063
947,044,984
6,845,883
10,439,561
1,489,835
466.55
5,947,774
5,816,670
15,926.889
339,983,570
17,630,716
1,007,395,359
S
7,196,360
10,814,963
1,545,760
470.13
6,289,015
6,288,614
16,281,355
369,164,938
20,574,346
1,168,689,942
$
7,806,801
11,903,271
1,665,370
465.98
6,623,859
6,384,788
17,065,019
389,849,818
21,575,297
1,222,458,555
$
8,248,467
12,971,694
1,800,161
466.31
6,799,999
6,788,972
17,980,414
405, f>96,255
22,342,515
1,297,953,799
$
8,597,228
13,597,334
1,863,278
17,446,302
12,636,834
18.373,834
13,598,803
18,011,676
13,256,570
18,775,279
13,635,483
19,557,083
14,070,691
21,375,442
15,506,135
23,020,322
16,028,423
24,057,835
16,973,581
4,809,468
38,997 12
28,44894
10,548 18
72.95 p. c.
1.860C.
1.154 C.
$
118,284
169,348
8
4,775,031
40,404 25
29,903 99
10,500 26
74.01 p. c.
1.861 c.
1.109 c.
$
106,061
168,367
10
4,755,106
39,323 37
28,941 95
10,381 42
76.38 p. c.
1.868c.
1.112 c.
%
106,194
149,254
5,434
5,139,796
40,25402
29,23434
11,01968
72.62 p. c.
1.864 c.
1.102 c.
$
102,878
128,620
5,800
5,486,392
41,91852
30,159 02
11,759 50
71.95 p. c.
1.852C.
1.074 C.
$
100,299
152,473
6,370
5,869,307
45,467 09
32,982 65
12,484 44
72.54 p. c.
1.867 c.
1.019 c.
$
100,885
178,707
5,476
6,991,899
49,190 82
34,250 23
14,940 59
69.63 p. c.
1.872C.
1.061 c.
9
97,634
190,723
8,513
7,084,254
51,628 47
36,435 59
15,20288
70.55 p. c.
1.877C.
1.048 c.
$
88,335
176,365
8,053
Steam Towing, etc.
Miscellaneous
Gross Earnings
Maintenance
Operations
287,640
64,755
93,573
141,995
274,438
65,550
94,059
149,256
260,882
70,793
86,367
135,684
237,298
60,771
81,809
132,690
259,142
65,705
83,601
148,414
285,068
76,431
86,802
180,268
296,871
64,939
87,819
179,048
272,753
74,067
82,945
174,637
Steam Towing
Gross Expenses
Net Earnings..
300,323
308,865
292,845
275,270
297,720
343,501
331,805
331,649
D. 12,683
D. 34,427
D. 31,963
D. 37,972
D. 38,578
D. 58,433
D. 34,934
D. 58,396
* Includes helping, empty, and shifting.
Directors, United Cos.— John C. Barren, New York, N. Y. ; Henry W. Green, Trenton, N. J. ; F. Wolcott
Jackson, Newark, N. J.; Joseph D. Bedls, Jersey City, N. J. ; Henry P. McKean, J. Lowber Welsh, J. Bayard
Henry, Philadelphia, Pa.; Wm. W. Astor. New York. N. Y. ; Thomas Oakes, Blcomfield. N. J.; Samuel S.
Dennis, Newark, N. J.; M. Taylor Pyne. Princeton, N. J. ; George Henry Warren, New York, N. Y. State
Director, Charles Bradley. Newark, N. J. Officers: F. Wolcott Jackson, Pres., Newark, N. J.; John C.
Barren, Vice-Pres., New York, N. Y. ; Leroy H. Anderson, Sec. & Treas., Trenton, N. J. Office, 76
Clinton St., Trenton, N. J.
680 POOR'S MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
Vinoentovrn Branch RR.— Ewansvllle to
Vincentown, N. J., 2.84 m.; total track (steel. 3.31
m.), 3.39 miles. Leased June 1, 1868, to C. & A. UK.
Co.; operated by Penn. RK. Co. Rental, 6 p. c. on
$15,000 of the capital stock, and Interest on bonds.
Capital stock, $25,000. Funded debt overdue (owned
by Penn. RR. Co.), $15,000. Cost of road, etc., $40,-
000. Vacancy, Pres.; Henry J. Irlck, Vlce-1'res.;
F. W. Schwarz, Sec.; John M. Wood, Treas., Phila-
delphia, Pa. Office, Broad Street Station, Philadel-
phia. Pa.
"Went Chester RR.— Zermatt to West Chester,
Pa., 5.22 m.; total track (steel, 6.96 m.), 7.12 miles.
Chartered Feb. 18, 1831; road opened Sept. 13
Leased to Penn. RR. Co., for 99 years from Aug. e'
1ST!). Rental, year ending Dec. 31, 1901, $12965'
Bxpenaefc and taxes, $5)05. Net Income, $II>.M<H:
incuts: Interest on bonds, $3,750; dividend* i :. ,
$8,250— total, $12,000. Balance Sheet, Dec. HKII'
—Capital stock, $165.000; funded debt list mt-e
reg. 5s of Sept. 1, 1919). $75.000; unfunded d,.|,t.
$1,250— total, $241,250. Contra: Cost of road $1210 -
000; profit and loss, $1,250— total, $241.250. John
P. Green, Pres.; F. W. Schwarz. Sec.; J. S. V:,n-
zandt, Treas., Philadelphia, Pa. Office (office Penn
RR. Co.), Philadelphia, Pa.
Western New York and Pennsylvania Ry.— Main Lines: Buffalo, N. Y., to Emporium, Pt.
118.42 m.; Buffalo, N. Y., to Oil City, Pa., 136.28 m. ; Stoneboro', Pa., to Mahoningtown, Pa., 37.62 m. ;
Oil City to Irvlneton, Pa., 50.19 m. ; Warren, Pa., to Olean, N. Y., 60.05 m. — total main lines, 4O2.56 m. ;
branches: Tryonvllle to Lakevllle, Pa., 8.48 m. ; Tltusvllle, Pa., to Pioneer, Pa., 8.90 m. — total lines owned,
419.94 m. ; leased lines (see below), 166.45 m.; trackage (see below), 45.48 m. — total length of all lines
operated. June 30, 1901, 631.87 miles. 2d track (owned, 14.78 m. ; leased, 1.63 m.). 16.41 m. ; sidings
(owned. 157.27 m.; leased, 70.49 m.), 227.76 miles. Gauges, 4 ft. 8* In. and 3 ft. Rail (steel, 814.87 m.),
67 and 80 Ibs. "Leased lines" Included In the foregoing statement consist of: Union Terminal RK., 2.30
m. ; Olean, Bradford and Warren Ry., 2.29 m. ; Bradford Ry., 2.51 m.; Klnzua Ry., 14.04 m. ; McKean and
Buffalo RR., 22.31 m. ; Klnzua Valley RR.. 10 m. ; Genesee Valley Canal RR., 98.54 m. ; Genesee Valley
Terminal RR., 2.46 m. ; Rochester, New York and Pennsylvania RR., 12.00 m. — total leased lines, 166.45
miles. (See statements of these several companies appended.) " Trackage " consists of 9.11 miles of the
Buffalo, Rochester and Pittsburgh Ry., from Carrollton to Bradford June.; 30 miles of the Lake Shore and
Michigan Southern Ry., from Oil City to Stoneboro', Pa., and 6.37 miles of the Philadelphia and Erie RR.
from Warren to Irvlneton, Pa. Reorganization, March 18, 1895, of the Western New York and Pennsyl-
vania RR. Co. (see Manual for 1897, page 49). Leased Aug. 1, 1900, to the Pennsylvania RR. Co. for one
year; rental, net earnings. This road and the Allegheny Valley Ry. are now operated as the "Buffalo and
Allegheny Valley Division" of the Pennsylvania RR. The line from Mahoningtown to Stoneboro'. Pa..
37.62 miles, Is now operated by the Pennsylvania Co. (see page 705). Locomotives, 128. Cars — passenger,
73; combination, 5; baggage-mail. 11; baggage, 14; freight (box, 1,353; gondola, 6.604; flat, 49; cabin, 01.':
tank, 11), 8,079; service. 567 — total cars, 8.749.
Income, year ending June 30. 1901. — Rental, $429,123; other receipts. $7.091 — total. $436.214. Expenses
and taxes, $120.537. Net income. $315,076. Payments: Interest on bonds, $823,307; sinking fund and
other charges, $80,364 — total. $903,672. Deficit, $587,995.
Balance Sheet, June 30. 1901. — Capital stock ($50 shares), $20,000,000; funded debt outstanding (see be-
low), $29.991,000; mortgages on real estate, $317,199; matured Interest unpaid. $9.590; current liabilities.
$523.252; accrued Interest on funded debt, not yet payable, $349,750; profit and loss, $591.309 — total,
$61,782,100. Contra: Cost of road and equipment, $50,601,496; securities owned and other Investments.
$531,356; other assets. $649.248— total, $51,782,100.
Capital Stock. — The stock trust agreement referred to on page 211 of the Manual for 1899. expired by
limitation on April 1, 1900, on and after which date the stock trust certificates become exchangeable, share
for share , for capital stock of the Western New York and Pennsylvania Ry. Co.
Funded debt outstanding June 30. 1901. consisted of (1) $9,991.000 1st mtge. W. N. Y. & P. RR. gold 5s
of Jan. 1, 1937, Int. J. & J.; (2) $10,000.000 gen. mtge. gold bonds of April 1, 1943. int. A. & O., and (3)
$10,000,000 Income mtge. gold bonds of April 1. 1943. Int. Nov. 1, if earned — total. $29.991.000. (Further
particulars are In the Ready Reference Bond List — see General Index.) The 1st mtge. bonds ($10.000,000
authorized) are a first lien on the railroad and franchises, and a second on the old equipment, and on the
Buffalo Terminal property. The gen. mtge. bonds are In coupon form, with privilege of registration. In-
terest Is at the rate of 3 p. c. per annum to and including that payable April 1. 1901. and at the rate of
4 p. c. per annum thereafter. The bonds are tax free. They may be registered and transferred at the
company's office In Philadelphia. The Income mtge. bonds are in coupon form, with privilege of registra-
tion. Interest payable, if earned, on the 1st of Nov. In each year, for the year ending the 30t'h of June
next preceding, at the company's agency In Philadelphia, and is not to exceed 5 p. c. per annum, non-
cumulative. The bonds are tax-free. They may be registered and transferred at the company's office In
Philadelphia.
Officers: W. H. Barnes, Pres.; Samuel Rea, Vlce-Pres.; R. W. Smith, Treas.; John M. Harding,
Sec., Philadelphia, Pa. Office, Philadelphia, Pa.
RAILROADS OWNED AND LEASED BY WESTERN NEW YORK AND PENNSYLVANIA RY. Co.
BRADFORD RY. — Klnzna June.. Pa., to Termi-
nus. 2.51 m. ; total track (steel, 3.01 m.), 4.13 miles.
Rail, 40 Ibs. Gauge, 3 ft. Opened In July. 1881.
Leased to the W. N. Y. & P. Ry. Co., which owns
entire capital stock, $100,000.
GENESEE VALLEY CANAL RR.— Hinsdale to
Rochester, N. Y., 98.54 m. ; total track (steel, 120.69
m.), 121.16 miles. Incorp. July 15. 1880; completed
In 1882. Leased to the W. N. Y. & P. Ry. Co.,
which owns entire capital stock, $1,140,000.
GENESEE VALLEY TERMINAL RR.— June.,
Genesee Valley Canal RR. near Rochester, to Lin-
coln Park, N. Y., 2.46 m.; total track (steel, 7.50
m.), 7.70 miles. Rail (steel), 67 Ibs. Incorp. Aug.
14, 1882. Leased to W. N. Y. & P. Ry. Co. Capital
stock, $500,000; funded debt (1st mtge. 6s of Nov.
1, 1982), $500,000 — total stock and bonds, $1.000,000.
KINZTTA RY.— Klnzna to Klnzua June.. Pa..
14.04 m. ; total track (steel, 15,36 m.), 15.36 miles.
Rail. 56 lb». Gauge, 4 ft. 8f In. Leased to the
W. N. Y. & P. Ry. Co., which owns the entire
capital stock, $100,000.
KINZTTA VALLEY RR.— Morrison Junction to
West Line, Pa.; 10 m.; total track (steel, 10.81 m.),
11.21 miles. Rail — Iron. 60 Ibs. ; steel, 67 Ibs. Gauge,
4 ft. 8} In. Chartered March 30. 1889; road opened
In June, 1901. Leased to the W. N. Y. & P. Ry.
Co. Balance Sheet. June 30, 1901. — Capital stock
(auth., $140.000; shares, $100) paid in. $105.000;
current liabilities. $S. 165— total. $113.165. Contra:
Cost of road, etc., $110.950: materials, etc.. $S03;
cash and current assets. $1.054; profit and loss.
$.°,58— total. $113.105. W. II. Barnes, i'res. : J. M.
Harding. Sec.: H. P. Connor. Treas., Broad Street
Station. Philadelphia. Pa. Office, Buffalo. N. Y.
McKEAN AND BUFFALO RR.— Larnhee to cier-
mont, Pa., 22.31 m. ; total track (steel. 1*U>!> m.).
29.09 miles. Leased to the W. N. Y. & P. Ry. Co.
which owns Its entire capital stock, $400.000, in $50
shares.
OLEAN, BRADFORD AND WARREN RY.—
Bradford to Tarport. Pa.. 220 m. ; total track (steel.
2.40 m.), 3.15 miles. Rail. 56 Ibs. Gauge, 4 ft.
8J In. Incorp. Oct. 17. 1877: opened In 1878. (See
Manual for 1899. page 211.) Leased to W. N. Y. &
P. Ry. Co.. which owns Its entire capital stock.
Capital stock. $150.000.
ROCHESTER, NEW YORK AND PENNSYL-
VANIA RR, — Nunda June, to Swains, N. Y., 12 m. ;
POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM.
681
total track (steel, 7.07 m.), 12.80. Incorp. June 11,
1881. Leased to the W. N. Y. & P. Ry. Co. Capital
stock, all owned by the W. N. Y. & P. By. Co.,
$1,500,000.
UNION TERMINAL RR.— Buffalo to Bailey
Ave., 2.30 m. ; 2d track. 1.63 m. ; total track (steel;
67 Ibs.), 33.97 miles. Chartered June 12, 1884, and
acquired the terminal property of the B., N. Y. & P.
RR. Co., In the city of Buffalo, issuing $1,000,000
bonds in payment therefor. Leased to and operated
by the W. N. Y. & P. Ry. Co. Receipts, year ending
June 30, 1901. — Interest on Investments, $3,408;
on deposits, $1,273 — total, $4,681. Expenses and
taxes, $8. Net Income, $4,673. Balance Sheet,
June 30, 1901.— Capital stock (auth., $1.000,000;
shares, $100) paid In, $302,500; funded debt (1st
mtge. 6s of June 12, 1014), $1.00(1. (MM); unfunded
debt, $154,141; profit and loss. $U4, 607— total. $1,-
551,248. Contra: Cost of road, etc., $1.264,410;
stocks and other Investments, $227.620; cash, $".!).-
218 — total, $1,551,248. The stock and bonds are de-
posited In trust as security for the Ben. mtge. bonds
of the W. N. Y. & P. Ry. Co. W. H. Barnes, Pres. ;
H. P. Conner, Treas., J. M. Harding, Sec., Phila-
delphia, Pa. Office, Buffalo, N. Y.
Western Pennsylvania RR.— Bolivar to
Butler, Pa., 70.67 m.; Butler June, to Allegheny
City. 27.00 m. ; branches. 39.27 m. — total, 137.51 m.;
2d track, 39.29 m. ; 3d track. 4.42 m. ; 4th track. 3.20
m.— total track (steel, 247.34 m.), 249.59 miles.
Chartered Feb. 9, 1853, as N. W. Penn. RR. Co.;
sold under foreclosure July 5, 1859; existing com-
pany organized March 1, 1864. Main line opened to
Blalrsville in Aug., 1865; extended to Bolivar in 1883;
Butler branch opened in June, 1870. Leased to the
P. RR. Co. Rental, year ending Dec. 31, 1901,
$300,359. Expenses and taxes, $33,859. Net Income,
$266,500. Payments: Interest on bonds. $160.000;
dividends (6 p. c.), $106,500— total. $266,500. Bal-
ance Sheet. Dec. 31, 1901.— Capital stock ($50
shares), $1,775,000; funded debt (consol. mtge. 4s
of June 1, 1928), $4,000.100; unfunded debt, $77,000;
accrued and unpaid interest, $18,620; profit and loss,
$942.516 — total. $6,813,236. Contra: Cost of road,
etc., $6,617,886; stocks and other Investments, $10,-
000; other assets, $185,350 — total, $6.813,236.
Authorized Issue of consolidated mtge. 4 p. c. bonds,
$5,000,000; guaranteed principal and Interest, by
the Penn. RR. Co. John P. Green, Pres.; Samuel
Rea, Vlce-Pres. ; Albert Hewson, Sec. ; Taber Ashton,
Treas., Philadelphia, Pa. Office, Broad Street Sta-
tion, Philadelphia, Pa.
York, Hanover and Frederick RR.—
Hanover, Pa., to Frederick, Md.,55.65 m. ; total track
(steel, 56.41 m.). 63.85 miles. Organized March 1,
1897. Consolidation of the Frederick and Pennsyl-
vania Line RR. and the Hanover and York RR.
Cos. Operated by the Pennsylvania RR. Co.
under contract for cost. Rental, year ending Dec.
31, 1901, $23,615. Kxpenses and taxes, $8,171.
Net Income, $15.444. Paid interest on bonds, $ft,000.
Surplus, $9,444. Balance Sheet, Dec. 31, 1901.—
Capital stock ($50 shares), $400.000; funded debt
(1st mtge. 4s of May 1, 1927), $150.000; accrued
Interest, $28,000; other liabilities, $5,027— total,
$583,027. Contra : Cost of road, etc.. $550,000;
profit and loss, $33,027— total, $583.027. Bonds auth-
orized, $400,000. Samuel Rea, Pres. ; Taber Ashton,
Treas.; Albert Hewson, Sec.. Philadelphia, Pa.
Office, Broad Street Station, Philadelphia, Pa.
42. Board of Directors, Pennsylvania RE. Co., elected March 11, 1902.
Term expires March, 1903.
William H. Barnes Philadelphia, Pa.
George Wood
C. Stuart Patterson
Term expires March, 1904.
Alexander J. Cassatt Philadelphia, Pa-
Clement A. Griscom
Amos R. Little "
Term expires March, 1905.
Alexander M. Fox Philadelphia, Pa.
N. Parker Shortridge Wynnew'd, Pa.
William L. Elkins Philadelphia, Pa.
Term expires March, 1906.
Effingham B. Morris Philadelphia, Pa.
Thomas DeWitt Cuyler
James McCrea Pittsburgh, Pa.
Lincoln Godfrey Philadelphia.Pa.
Additional Members of the Board Selected by the Above-named Directors to Act as Vice-Presidents for the Term
of One Year Expiring March, 1903.
John P. Green.. Philadelphia, Pa. | Charles E. Pugh.. Philadelphia, Pa. | Sutherland M.Prevoat. Philadelphia, Pa.
Samuel Rea Philadelphia, Pa.
ALEXANDER J. CASBATT, President Philadelphia, Pa.
1st Tice-President— John P. Green.... Philadelphia, Pa.
Zd Vice- President— Chas. E. Pngh
3d Vlce-Pres.— Sutherland M. Prevost.
\th Vice-President— Samuel Rea
Secretary— Lewis Neilson
Treasurer— Robert W. Smith Philadelphia, Pa.
Comptroller— Robert W. Downing . . .
Asst. Comptroller— M. Riebenack
Gen. Manager— J. B. Hutchinson
'Chief Engineer— Win. H. Brown
PRINCIPAL OFFICE AND ADDRESS Broad St. Station, Philadelphia, Pa.
miles.
PENNSYLVANIA RR. SYSTEM.— Affiliated or Controlled Lines.
CUMBERLAND VALLEY RAILROAD COMPANY.
Mileage Operated, Dec. 81, 1901 (OWNED, 82.20 m. ; LEASED, 80.95 m.).
Line of Road Owned : Harrisburg, Pa. to Potomac River, at Powell's Bend, Md. 82.20
Cumberland Val. & Martinsburg RR. : Winchester, Va. ,to Potomac River, W.Va. 83.65
Dillsburg and Mechanicsburg RR. : Dillsburg Junction to Dillsburg, Pa ..... 7.70
South'n Pa. Ry. & Mining Co.'sRR. : Jet., C. V. RR. nr. Marion to Ricbm'd, Pa. 21.40
Cumberland Valley and Waynesboro RR. : Mont Alto J'ct to Waynesboro, Pa.. . 18.20
Total length of all lines operated, Dec. 31, 1901 .......................... 163.15 miles.
3d track (owned), 9.66 m. ; sidings (owned, 48.40 m. ; leased, 18.89 m.), 67.29 miles. Gauge,
4 ft. 8i in. Rail— steel (owned, 133.13 m. ; teased, 97.04 m.— total, 230.17 m.), 60, 70, and
85 Ibs.
History.— Consolidation, May 31, 1865, of the Cumberland Valley and the Franklin RR.
Cos. (See MANUAL for 1892, page 713.) The property of the Mont Alto RR. Co. was sold
under foreclosure on April 27, 1901, and purchased by Thomas B. Kennedy, Chambersburg,
Pa., who on June 7, 1901, organized the Cumberland Valley and Waynesboro RR. Co. to
682 POOR'S MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
whom the property was transferred. All the capital stock of the new company is owned by
the Cumberland Valley RR. Co., which operates the road under lease (see subjoined state-
ment).
Rolling Stock, Dec. 31, 1901. — Locomotives, 33. Cars — passenger, 39 ; baggage, mail,
and express, 24; freight (box, 289; stock, 31; gondola, 292; flat, 51; cabin, 11), 674; main-
tenance of way, 150 — total, 887.
General Income Account, all lines operated directly by the Cumberland Valley RR.
Co., for the year ending Dec. 31, 1901.
EARNINGS. 1901 1900
Passenger Traffic $410,59501 $371,19186
Freight Traffic 614,16092 580,00488
Mail and Express 63,524 64 61,693 19
Miscellaneous Sources 22,009 98 23,884 73
Rents 9,82012 10,35875
Totals..., ...$1,120,11067 $1,047,13341
Totals per Mile 6,935 53 6,450 36
EXPENSES. 1901 1900
Malntenanceof Way and Struc-
ures $163,947 58 $284.754 02
Maintenance of Equipment. . . 111.216 33 103,664 12
Conducting Transportation... 393,721 45 365,844 34
General Expenses 37,164 46 38,021 49
Totals $706,049 82 $792,283 97
Totals per Mile 4,35938 4,88605
Net earnings, 1901 (33.97 p. c.), $414,060.85; interest on investments, $11,420.78— total
income, $425,4^1.63. Payments : Interest on bonds, $18,900 ; rentals, leased and operated
roads, $18,808.49; taxes, $22,858.76; taxes account of leased and operated roads, $5,183.04:
real estate, $11,926.50; C. V. RR. bonds purchased and cancelled (1st mtge., $3,000; 2nd
mtge., $2,500), $5,500; premium on bonds purchased, $1,246.40— total, $83,923.19. Net in-
come, $341,558.44 ; from which were paid dividends (8 p. c.), $142,228 ; leaving balance,
transferred to Extraordinary Expenditure Fund, $199,330.44. Amount to credit of profit and
loss, Dec. 31, 1900, $751,894.11 ; credits during the year less sundry amounts charged off,
$39,854.13— total to credit of profit and loss, Dec. 31, 1901, $791,748.24.
Statement of operations, etc. (all lines), for eight years ending Dec. 31 :
1894
1895
1896
1897
1898
1899
1900
1901
Miles of Railroad Operated .
Passenger Train Miles
162.82
403,518
215,447
850,878
13,306,726
792,555
41,770,083
$
296,552
464,552
70,542
162.82
420,497
216,458
904,222
14,436,117
876,265
42,611,689
$
307,599
498,264
83,294
162.82
426,970
216,760
883,478
14,530,286
834,734
40,581,639
$
308,470
468,664
85,262
162.84
471,641
216,456
849,894
14,315,632
782,052
35,251,527
s
301,744
471,616
93,295
162.85
490,799
216,792
915,531
15,807,163
778,168
37,657,422
$
324,938
485,438
92,993
163.15
485,700
216,490
954,440
16,271,039
847,203
42,073,922
$
341.870
527.350
91,061
163.15
507,206
219,390
1,085,830
17,995,879
948,718
47,960,427
371,192
580,005
95,936
163.15
566,330
243,429
1.223,726
20,408,723
995,194
49,870,853
S
410,595
614,161
95,355
Freight Train Miles
Passengers Carried
Passenger Mileage
Freight (tons) Movfid
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous Earnings ....
Gross Earnings .
831,647
580,834
889,157
656,491
862,396
636,185
866,655
611,461
903.369
649,468
960.281
719,700
1,047,133
792,284
1,120.111
706,050
Operating Expenses
Net Earnings
250,813
5,107 70
3,567 33
1,54037
69.84 p. c.
2.23 c.
1.11 c.
Vy. RR.
249,096
232,666
5,44994
4,03200
1,41794
73.84 p. c.
2.13 c.
1.17C.
Proper :
231,346
226,211
5,28591
3,90729
1 ,378 62
73.77 p. c.
2.12 c.
1.12 c.
227,177
255,194
5,322 70
3,75544
1,56726
70.56 p. c.
2.11 c.
1.33 c.
251,031
385
253,901
' 5,54724
3,98813
1,559 11
71.89 p. c.
2.06 c.
1.29 c.
245,175
2,602
240,581
5,88588
4,411 28
1,474 60
74.95 p. c.
2.10 c.
1.25 c.
231,168
254,849
6,45086
4,88605
1,56431
75.75 p. C.
2.06 C.
1.21 C.
250,360
1,356
414,061
6,93553
4,35938
2.576 15
66.03 p. C.
2.01 C.
1.23 C.
401,990
Gross Earnings per Mile. . . .
Gross Expenses per Mile . . .
Net Earnings per Mile
Expenses to Earnings
Av. Rate per Pass, per Mile.
Av. Rate per Ton per Mile . .
Income Account Cumberland
Net Earnings
Rec'ts f romL'sed Lines (net)
Total Income
249,096
21,378
21,640
142,228
5,018
231,346
12,635
21,640
142,228
2,611
227,177
16,904
21,640
142,228
4,554
251,416
17,842
21,640
142,228
247,777
18,954
21,640
142,228
231,168
21,268
21,640
142,228
*1,459
251,716
22,097
20,440
142.228
$8,288
401,990
22.859
18.900
142.228
(a) 18,672
Charges against Income :
Taxes
Interest
Dividends
Lea. L.Opera'ns (net), etc.
Total Charges
190,264
58,832
469,211
58,272
469,771
179,114
52,231
469,771
80
521.922
185,326
41,852
521,922
3,341
560,433
181,710
69.708
560,4*3
182,822
64.955
630,142
45,613
649,484
186,595
44.573
649.484
t826
693,231
193,053
58,663
693,231
202.H59
Ob) 199.330
751.8M
89,8M
791,748
Balance, Surplus for Year. .
Surplus Forward
Charges to Profit and Loss .
Surplus as per Bal. Sheet. . .
630,142
751,894
* Advances for Mont Alto RR. construction. t Net. J Premium on C. V. RR. Co.'s bonds
purchased, (a) Consisting of premium on C. V. RR. Co.'s bonds purchased, $1,246; real estate, $11,926;
C. V. RR. bonds purchased and cancelled, $5,500— total, $18,672. (b) Transferred to Extraordinary
Expenditure Fund.
POOR'S MANUAL— PENNSYLVANIA RR. SYSTEM.
683
Income Accounts, of all corporations owned, operated or controlled by the Cumberland
Valley RR. Co. for the year ending Dec. 81, 1901 :
RAILROADS.
Mile-
age.
Gross
Earnings.
Net
Earnings.
Rental
Received
by Sub-
sidiary
Company.
* Gross
Income.
Interest,
Taxes,
etc., In-
cluding
Extra.
Ex.
Net
Income.
Divi-
dends.
Surplus
or Deficit
of Sub-
sidiary
Company.
Cumb. Val. RR . . . .
Cumb.V. &M. RR.
Dill. AMech. RR...
So. P". Ry. & M. Co. .
Cuinb.V.&Wuy.RR.
Miles.
82.20
33.65
7. TO
21.40
18.20
$
951,367 06
67,791 46
17,051 24
31,303 40
51,403 22
$
390,569 32
9,321 77
1,570 10
4,54270
G,862 67
$
401,990 10
9,997 86
1,570 10
5,339 13
7,38087
241,08920
3,288 17
6,2*366
2,121 28
90316
$
160,90090
6,709 69
D. 4,713 56
3,217 85
6,477 71
142,228 00
5.18,67290
S. «,709 t59
D. 4,71 3 56
S. 3,217 85
3. 6,477 71
9,321 77
1,570 10
4,542 70
3,862 67
Totals
163.15
1,118,916 38
412,866 56
22,297 24
Includes " Other Income " as follows: Cumberland Valley RR. Co., $11,420.78; Cumberland Valley
and Martinsburg RR. Co., $676.09; So. Pean. Ry. and Mining Co., $796.43 and Cumberland Valley and
Waynesboro RR. Co., $518.20.
General Balance Sheet, C. V. RR. Co., December 31, 1901.
Cost of Road, Equip, and Real Estate. .$2,174,790 78
Net Traffic Balances Due from Other Cos 18,630 96
Due from Other Cos., etc., Other than
Traffic Balances 115,736 70
Due from Agents 12,333 95
Materials on Hand 95,850 46
Cash in Hands of Treasurer 227,291 68
Trustee of Contingent Fund 542,908 27
Trustee of Insurance Fund 10,600 00
Total Assets $3,198,142 80
Capital Stock (see below) $1,777,85000
Funded Debt Outstanding (see below).. 233,50000
Pay Rolls and Vouchers 70,36770
Int. on Bonds and Dividends Uncollected 2,174 50
Dividends due Jan. 1, 1902 35,557 00
Due Controlled Companies • 2,099 15
C. V. RR. Insurance Fund 11,43911
Extraordinary Expenditure Fund 273,407 10
Profit and Loss 791,748 24
Total
Liabilities $3,198,142 80
The capital stock (total, $1,777,850) consists of $241,900 1st preferred, $243,000 2d preferred, and
$1,292,950 common stock, divided into shares of $50 each. Preferred stock is guaranteed dividends of
8 p. c. per annum. Preferred stock and 8 p. c. bonds were formerly interchangeable.
Funded debt consisted, Dec. 31, 1901, of two series of bonds, viz. : 1st mtge. 8s of April 1, 1904 (auth. ,
$450,000), $139,500; 2d mtge. 8s of April 1, 1908 (auth., $352,000), $94,000— total, $233,500. Further
particulars are in the Ready Reference Bond List — see General Index.
RAILROADS LEASED BY THE CUMBERLAND VALLEY RR. Co.
Of-
Cumberland Valley and MartlnsburgT
RR — Potomac River to W. Va. State Line, 24.48 m. ;
W. Va. State Line to Winchester, Va., 9.17 m. —
total, 33.65 m. ; total track (steel, 33.65 m.), 40.34
miles. Rail, 60 and 70 Ibs. Organized March 17,
1888, as successor to the Martinsburg and Potomac
RR. Co., whose property was sold under foreclosure
on Nov. 17, 1887. The extension from Martinsburg,
W. Va., to Winchester, Va., 22 m., was built in
1883. Leased, March 17, 1888, for 99 years, to the
Cumberland Valley RR. Co. ; rental, contingent on
earnings. Rental, year ending Dec. 31, 1901 (see
above), $9,322; other receipts, $676— total, $9,-
998. Paid expenses and taxes, $3,288. Surplus,
$6,710. Balance Sheet, Dec. 31, 1901. — Capital stock
(shares. $100), $700,000; unfunded debt, $43,631—
total, $743.631. Contra: Cost of road, etc., $712,484;
other assets, $31,146— total, $743,631. No funded
debt. M. C. Kennedy, Pres., Chambersburg, Pa.;
M. T. Ingles, Sec.. Martinsburg, W. Va. ; James B.
Russell, Treas., Winchester, Va. Office, Martins-
burg, W. Va.
Cumberland Valley and Waynesboro
RR.— Waynesboro June, to Waynesboro, Pa., 18.20
m. ; total track (steel, 18.26 m.), 23.31 miles. Rail,
56 and 60 Ibs. Reorganization, June 7, 1901, of the
Mont Alto RR. Co., whose property was sold under
foreclosure on April 27, 1901. (See Manual for 1900,
page 702.) Entire capital stock owned by the Cum-
berland Valley RR. Co., which operates the road
under lease; rental, net earnings. Rental, year end-
ing Dec. 31, 1901 (see above), $6,863; other re-
ceipts, $518 — total. $7.381. Paid expenses and taxes,
$903. Surplus, $6,478. Balance Sheet, Dee. 31,
1901.— Capital stock ($50 shares), $125,000; profit
and loss. $1,980— total, $126,980. Contra: Cost of
road, etc., $125,000; other assets, $1,980 — total,
$126,980. M. C. Kennedy, Pres.; W. L. Ritchey,
Sec.; W. M. Biddle, Treas., Chambersburg, Pa.
flee, Chambersburg, Pa.
Dtllsbnrg; and Mechauienbursr RR.—
Dillsburg June., to Dillsburg, Pa., 7.7 m. ; total track
(steel, 7.7 m.), 12.94 miles. Rail, 56, 60, and 70 Ibs.
Chartered Nov. 1, 1871; road opened In 1873.
Leased for 99 years, Jan. 1, 1873, to the Cumber-
land Valley RR. Co. : rental, net earnings. Rental,
year ending Dec. 31, 1901 (see above), $1,570.
Expenses and taxes, $284. Net income, $1,286. In-
terest on bonds, $6,000. Deficit, $4,714. Balance
Sheet, Dec. 31, 1901. — Capital stock. $89,800; funded
debt (1st mtge. 6s of Aug. 1, 1895), $100,000; un-
funded debt, $45,848 — total, $235,648. Contra: Cost
of road, etc., $215,794; other assets, $19,854 — total,
$235,648. M. C. Kennedy, Pres.; W. M. Biddle, Sec.
& Treas., Chambersburg, Pa. Office, Chambersburg,
Pa.
Southern Pennsylvania Ry. and min-
ing: Co. — June, wih C. V. RR., near Marion, Pa.,
to Richmond, Pa., 21.40 m. ; total track (steel, 21.57
m.), 23.25 miles. Chartered in 1869, as S. P. Iron
& RR. Co. ; road opened in 1871. Reorganized, after
foreclosure sale in 1873, under present title. Leased,
March 1, 1870, for 199 years to the C. V. RR. Co.,
rental contingent upon earnings. Rental, year end-
ing Dec. 31, 1901 (see above), $4,543; other re-
ceipts, $796 — total, $5,339. Paid expenses and taxes,
$2,121. Surplus, $3,218. Balance Sheet, Dec. 31,
1901. — Capital stock (shares, $50), $800,000; funded
debt (1st mtge. 7s of March 1, 1900), $625,000; un-
funded debt, $127,312— total, $1,552,312. Contra:
Cost of road, etc., $1,427,996; other assets, $124.315
— total, $1,552,312. No interest paid on bonds since
March 1, 1875. Thomas B. Kennedy, Pres.; W. L.
Ritchey, Sec. & Treas., Chambersburg, Pa. Office,
Chambersburg, Pa.
Board of Directors, Cumberland Valley RR. Co., elected October 7, 1901.
Thos. B Kennedy. Chambersb'g, Pa.
John Stewart
A. J. Cassatt Philadelphia, Pa.
John P. Green Philadelphia, Pa.
George H. Stewart, Shippensourg.Pa.
Edward B. Watts Carlisle, Pa.
M. C. Kennedy.. Chambersburg, Pa.
Samuel Rea Philadelphia.Pa.
Spencer C. Gilbert . .Harrisburg, Pa.
Chas. E. Pngh Philadelphia, Pa. | N. Parker Shortridge. Wynnewood, Pa.
THOMAS B. KENNEDY, President Chambersburg, Pa.
Vice- President— ~M. C. Kennedy Chambersburg, Pa. Auditor— W. L. Ritchey Chambersburg, Pa.
Sec. A Treas.— W. M. Biddle Supt. & Purch. Agt.—J. P. Boyd. . .
PRINCIPAL OFFICE AND ADDRESS Chambersburg, Pa.
684 POOR'S MANUAL— RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
PENNSYLVANIA RR. SYSTEM.— Affiliated or Controlled Lines.
LONG ISLAND RAILROAD COMPANY.
INDEX TO STATEMENTS AND DATA CONTAINED HEREINBELOW — REFERENCES TO NUMBERS OF SECTIONS.
Controlled Road, Statement of — 11 Gen. Balance Sheet, 1894-1901 ..... 9 | Mileage Operated ............... 1
Directors and Officers ............. 12 Guaranties ........................ 8 Operations, Entire System, 1900-1.. 5
Earnings, Expenses, etc., 1901.... 4 History ........................... 2 Operations and Income, 1894-1901. 9
Earnings, etc., 1894-1901 .......... 9 Income Account, June 30, 1901 — 4 Rentals of Leased Lines ..... 4a
Funded Debt, Details of .......... 7 Income Account, 1894-1901 ........ 9 Rolling Stock ................... 3
Gen. Balance Sheet, June 30, 1901. 6 Leased Lines, Statements of ...... 10
1. Mileage Operated, June 30, 1901— A LINES OWNED (total, 283.65 miles).
Main Line : Long Island City to Greenport, N. Y ....................... . ..... 94.42 miles.
Montauk Division : Bushwick to Sag Harbor, N. Y ........................... 95.66
North Side Division : Long Island City to Great Neck, N. Y ................... 13.59
Creedmoor Branch : Floral Park to Creedmoor, N. Y .......................... 1.91
Locust Valley Branch : Mineola to Oyster Bay, N. Y .......................... 14.56
Hempstead Branch : Mineola to Hempstead Crossing, N. Y .................... 1.50
Northport Branch : Hicksville to Old Northport, N. Y ........................ 15.05
Eastport Branch : Manor to Eastport, N. Y ................................ 5.49
Central Extension RR. : Betbpage Junction to Babylon, N. Y .................. 6.81
Whitestone Branch : Whitestone Junction to Whitestone Landing, N. Y ......... 4.82
Hunter's Point and South Side RR. : N. Y. and Flushing Jc. to Bushwick Jc ..... 1.63
Far Rocknway Branch : Valley Stream to N. Y. and Rock. Beach Ry. June., N. Y. 5.53
New York and Flushing MR. : L. I. City to Flushing Junction, N. Y ........... 2.29
(.-,„.__, p p . j Floral Park to Bethpage, N. Y .................... 12.75 m.
rt UK. . -j Garden City to Hempstead, N. Y .................... 1.23 m.— 13.98
New York and Long Beach RR.: Lynbrook to Long Beach, N. Y ............... 6.41
B. LINES OPERATED UNDER CONTRACT (total, 96.62 miles) :
New York and Rockaway RR. : Rockaway June, to Far Rockaway, N. Y ....... 5.17
New York, Brooklyn and Manhattan Beach Ry. (see statement in Sec. 10) ...... 18.99
Brooklyn and Jamaica RR. : Brooklyn to Jamaica, N. Y ....................... 11.02
L. 1. RR. North Shore Branch : Northport Jc. to Wading River, N. Y ......... 30.29
Montauk Extension RR. : Bridgehampton to Montauk, N. Y .................. 20.84
New York Bay Extension RR. : Garden City to Valley Stream, N. Y ............ 6.12
Gt. Neck and Pt. Washington RR.: Gt. Neck to Pt. Washington, N. Y ......... 4.19
Total length of lines operated by L. I. RR. Co., June 30, 1901 ............. 380.27 miles.
Controlled but not Operated by L. I. RR. Co.: N. Y. and Rockaway Beach Ry . .11.97 "
Total length of Long Island RR. System, June 30, 1901 .................. .392.24 miles.
la. Statement of track mileage of the entire system on June 30, 1901 :
DIVISIONS.
Main Track. 2d Track. Si|itn,gs' Total Track. Steel Rails.
Long Island RR., Main Line and Branches Owned. .
Leased Lines
New York and Rockaway Beach Ry
Miles.
283.65
96.62
11.97
Miles.
64.92
32.14
Miles.
113.13
30.13
*5.95
Miles.
461.70
Ui.89
29.66
Miles.
461.70
158.89
29.66
Totals
392.24
108.80
*149.21
650.25
650.25
* Including 1.46 miles of 3d and 4th tracks.
Gauge, 4 ft. 8£ in. Rail— iron, 50 and 56 Ibs.; steel, 56, 70, 80, and 90 Ibs.
2. History. — Chartered April 24, 1834 ; main line opened to Greenport, July 19, 1844.
The other lines were acquired from time to time, by consolidation or otherwise, as shown in
the MANUALS for 1888 and subsequent years. In May, 1900, the Pennsylvania RR. Co.
acquired the control of this company.
The company controls the New York and Rockaway Beach Ry. and the Prospect Park
and Coney Island RR., by ownership of capital stock. The Prospect Park and Coney Island
RR. is leased for 999 years from June 17, 1899, to the Brooklyn Heights RR. Co., a con-
trolled company of the Brooklyn Rapid Transit Co., statement for which see.
The Long Island RR. is connected with the Brooklyn Elevated RR. by means of inclines
at the Flatbush Avenue Station and at Chestnut Street, Brooklyn ; and under a contract with
the Brooklyn Elevated RR. Co., made in April, 1898, and to endure for fifty years, there is
through train service from the Broadway Ferry, Brooklyn, to Rockaway Beach and to Jamaica,
and from the Brooklyn Bridge to Con<jy Island and to Jamaica.
POOR'S MANUAL — PENNSYLVANIA RR. SYSTEM. 685
Besides its railroads the company operates ferry lines between Long Island City and the
city of New York (Manhattan Borough), and controls the Montauk Steamboat Co., which
operates a line of boats between New York City and North Shore points, and between Sag
Harbor, Greenport, and New London. Also, the company owns the Huntingtou RR., a
trolley line, whose statement will be found elsewhere in the MANUAL. (See GENERAL IN-
DEX—STREET RAILWAYS.)
The New York and Long Island Terminal Ey. Co. was incorporated on June 19, 1899,
by interests friendly to the Long Island RR. Co. ,to build a tunnel from the Flatbuah Avenue
Station to a point in lower Manhattan Island. On May 21, 1901, the Municipal Assembly of
New York granted the necessary authority for the construction of a tunnel from the City
Hall to the Flatbush Avenue Station, and the ordinance was approved by the mayor on
June 1, 1901.
On April 8, 1901, the Governor of the State of New York approved an act of the Legisla-
ture amending the original Atlantic Avenue Improvement Act so as to permit tho work to
proceed, and it is now under way. It is estimated this will cost $2,500,000, of which
amount the City of New York will pay one- half. Ninety-one highway or foot grade cross-
ings and nine electric railroad grade crossings will be eliminated by this improvement, and
greater speed and safety will thereby be assured.
The Long Island Extension RR. Co. was organized on June 21, 1901, to construct a
double track tunnel electrical railroad as a practical extension of this system into New York
City. It will extend from the terminal of the Long Island RR. at Long Island City,
under the East River and 33d Street, making connection with the underground station of the
New York Subway at 33d Street and 4th Avenue, and having an underground station near
Broadway. Application for the necessary franchise has been made to the Board of Rapid
Transit Commissioners of the City of New York. As soon as the necessary franchise is ob-
tained, work will be begun and pushed as rapidly as possible, and when completed, the line
will be operated l>y the Long Island RR. Co.
3. Rolling Stock, June 30, 1901.— Locomotives, 163. Cars— passenger, 441 ; parlor,
38; officers', pay, and hospital, 3 ; baggage, mail, and express, 54 ; freight (box, hay and
refrigerator, 551 ; gondola, 520 ; coal, 43; flat, 11 ; caboose, 43), 1,168 ; service cars, 26 ; snow
ploughs, 5 — total, 1,735. Fifty-one of the passenger cars are leased. The company owns 7
ferryboats, 2 tugboats, 1 steam lighter, 1 barge, 8 car floats, and 1 passenger steamboat.
4. General Income Account, year ending June 30, 1901.
EARNINGS. 1899-00 1900-01
Passenger Traffic $2,499,94001 $2,641,184 24
Freight Traffic 1,300,62928 1,381,48280
Mail and Express 637,49508 706.01950
Miscellaneous Sources 81,14463 89,43806
Rents. 38,050 18 44.222 53
Totals $4,557,259 18 $4,862,347 13
Totals per Mile $12,009 82 12,786 57
EXPENSES. 1899-00 1900-01
Maint. Way and Structures $515,58510 $621,07325
Maintenance of Equipment 419,64328 467,35208
Conducting Transportat'n 2,208,31061 2,298,62669
General Expenses 132,534 22 129,653 17
Totals $3,276,073 21 $3,516,705 19
Totals per Mile $8,633 05 9,247 92
Net earnings, 1900-01 (27.67 p. c.), $1,345,641.94; add interest on investments, $127,-
837.50 ; net income of Long Island RR. Co.'s Ferry and River and Harbor Transportation
Co., $140,009.06 ; interest, $18,063.81— total income, $1,631,552.31. Payments : Interest on
bonds, $837,280.01 ; on real estate mortgages, $4,340 ; rentals, leased lines (see Sec. 4a),
$322,800 ; taxes, $258,700.51 ; extraordinary expenditures, $10,355.59 ; sundries, $2,266.86—
total, $1,435,742.97. Net income, $195,809.34, transferred to Extraordinary Expenditure
Fund. Balance to debit of profit and loss, July 1, 1900, $844,310.59 ; other debits (settle-
ment of old accident claims, $128,492; less adjustment of sundry accrued accounts, $65-,
352.35), $63,139.65— total to debit of profit and loss, June 30, 1901, $907,450.24.
4a. The item " rentals leased lines " in the income account consists of the following :
New York and Rockaway RR.— Interest on $250,000 1st mtge. 7 p. c. bonds $17,500
N. Y., B. & M. B. Ry.— 5 p. c. on $1,726,000 1st mtge. bonds and on $650,000 preferred stock 118,800
L. I. RR., North Shore Branch.— 5 p. c. on $1,425,000 1st mtge. bonds and 7 p. c. on $75,000 S. & P.
J. 1st mtge. bonds 76,500
Montauk Extension RR.— 5 p. c. on $600,000 1st mtge. bonds 30,000
New York Bay Extension RR.— 5 p. c. on $200,000 1st mtge. bonds 10,000
Nassau Electric (Brooklyn and Jamaica portion) — paid to Brooklyn Heights RR. Co., lessee 60,000
Great Neck and Port Washington RR.— 6 p. c. on $200,000 1st mtge. bonds 10,000
Total : $322,800
686 POOR'S MANUAL — RETURNS RECEIVED TOO LATE FOR CLASSIFICATION.
5. The result of the operation of the entire system, including the N. Y. & B. B. Ry.
for the years ending June 30, 1901 and 1900, was as follows:
YEARS.
Gross
Earnings.
Operating
Expenses.
Net
Earnings.
Other
Income.
Gross
Income.
Fixed
Charges.
Net
Income.
1901
$
5,218,758 33
$
3,731,132 18
$
1,487,626 15
$
286,976 73
S
1,774,602 88
S
1,507,244 34
$
267,358 54
1900
4,846,174 03
3,463,903 49
1,383,270 54
275,911 66
1,659,182 20
1,468,547 03
190,635 17
372,584 30
268,228 69
104,355 61
11,065 07
115,420 68
88,697 31
76,728 37
6. General Balance
Cost of Road and Equipment $28,441,97995
Cost of Bonds of RR. and Other Corp's. 2,207,934 20
Cost of Stocks of RR. and Other Corp's.. 586,035 30
Funds Deposited to pay Coupons 82,907 50
Real Estate Mortgages Owned 206,487 65
Leasehold Estates 6,448,000 00
Current Assets 583,291 23
Bills Receivable 610,250 00
Materials on Hand 224,719 22
Cash in Hands of Treasurer 179,191 37
Profit and Loss 907,450 24
Sheet, June 30, 1901.
Capital Stock (shares, $50) $12,000,000 00
Funded Debt Outstanding (see Sec. 7) . . 21,210,702 88
Interest on Funded Debt 250,290 84
Mortgages on Real Estate 281,237 65
Outstanding Securities of Leasehold Est. 4,948,000 00
Extraordinary Expenditure Fund 195,80934
Long Island RR. Ferry Improve't Fund.. 6,447 3
Pay Rolls and Vouchers 385,383 42
•Bills Payable 695,00000
Current Liabilities 118,675 20
Taxes 386,69995
Total Assets $40,478,246 66 Total Liabilities $40,478,246 66
* Since reduced to $95,000.
7. Funded Debt.— The funded debt outstanding on June 30, 1901— total, $21,210,702.88, as per
general balance sheet— consisted of the several issues of bonds listed in the following statement. Additional
particulars respecting any issue will be found in the paragraph relating thereto appended to the statement;
and the details of funded debt outstanding on or about Aug. 1, 1902, will be found in the Ready Reference
Bond List — see General Index:
$268,703 2d 7s of Aug. 1, 1918. int. P. & A.
3,610,000 consol. gold 5s of July 1, 1931.
1,121,000 consol. gold 4s of July 1, 1931.
3,000,000 gen. 4s of June 1, 1938, int. J. & D.
1,500,000 debenture gold 5s of June 1, 1934, int. J. A D.
5,660,000 unified gold 4s of March 1, 1949, int. M. & S.
1,250,000 L. I. RR. Metrop. Ferry gold 5« of Nov. 1, 1937.
1,494,000 L. I. RR. Ferry 1st gold 4*s of March 1, 1922.
$332,000 Stewart Line gold 4s of June 1, 1932.
250,000 B. & M. RR. 1st gold 6s of March 1, 1911.
750,000 B. & M. RR. 1st gold 5s of March 1, 1911.
600,000 B. & M. RR. 2d gold 5s of June 1, 1938.
125,000 N. Y. & F. RR. 1st 6s of 1920, int. M. & S.
600,000 L. I. C. & F. RR. 1st 6s of 1911, int. M. & N.
650,000 L. I. C. & F. RR. consol. gold 5s of 1937.
SECOND (NOW FIRST) MORTGAGE BONDS.— First lien on the main line from Long Island City to Greenport;
on 29.35 m. of the line to Sag Harbor, from Eastport June.; on the branches from Mineola to Hempstead,
from Hicksville to Northport, from Manor to Eastport June., from Floral Park to Creedmoor, and on 10.45 m.
of the Locust Valley Branch, from Mineola to Locust Valley; in all, 158.40 miles. The authorized issue
is $1,500,000, but all unissued bonds have been cancelled.
CONSOLIDATED MORTGAGE GOLD BONDS. — Secured on the entire property owned by the company, but
subject to the lien of the 2d mtge. bonds on the 158.40 m. of road described above. The authorized issue is
$5,000,000. The trustee holds a sufficient amount to retire the 2d mtge. bonds.
GENERAL MORTGAGE BONDS. — Secured on the entire property owned by the company, subject to the
liens of prior mortgages.
DEBENTURE GOLD BONDS. — Issued for improvements. The bonds are provided for in the unified mortgage.
UNIFIED MORTGAGE GOLD BONDS. — Secured on the entire property, rights, and franchises of the Long
Island RR. Co., including the interests of the company in leased and controlled properties. The bonds were
authorized for the purpose of facilitating the unification and consolidation under a single corporation of
the various interests embraced in the Long Island Railroad System and to provide means for future
enlargements and betterments. The authorized issue is $45,000,000, the rate of interest not to exceed 4 p. c.
per annum. The $39,340,000 bonds unissued on June 30, 1901, were held in reserve for the following
purposes: $1,765,000 for the retirement, at maturity, of the $1,500,000 5 p. c. debentures of June 1, 1934,
issued by the Long Island RR. Co.; $23,325,000 for the retirement of all prior liens on lines owned, leased,
and controlled; $1,250,000 to provide for the company's one-half of the cost of Atlantic Avenue Improve-
ments in the Borough of Brooklyn; $1,000,000 to provide for the cost of the abolition or change of grade
crossings; $8,000,000 to provide for a change of motive power in case such change be deemed desirable
by the company, the remaining $4,000,000, together with any of the bonds reserved for the purposes before
mentioned, but not so used, to be issued at the rate of $400,000 per annum for permanent betterments and
improvements and the acquirement of additional property. (See Manual for 1899, page 1418.) It is pro-
vided that all securities acquired by use of unified bonds shall be held by the trustee as additional security
for these bonds, and that all property acquired by use of the bonds shall be subjected to the lien of the
unified mortgage. The real estate mortgages (see general balance sheet) are held alive by the trustee
under this mortgage. The company reserves the right to redeem any or all of the unified mtge. bonds, on
any interest day, at 110 p. c. and accrued interest.
LONG ISLAND RR. FERRY BONDS. — The Metropolitan bonds are secured by first mortgage on the real and
personal property formerly of the Metropolitan Ferry Co. (34th St. and James Slip Ferries). The company
has the right to redeem any or all of the bonds at any time at 110 p. c. and accrued interest, or may
purchas* any or all of them at any time at or below the price stated. The Long Island Ferry 1st mtge.
bonds are a direct obligation of the Long Island RR. Co., and are additionally secured by a purchase money
mortgage on the property covered by the Metropolitan bonds, but subject to the lien thereof. The
authorized issue is $2,750,000, of which $1,250,000 is reserved for the retirement of the Metropolitan issue.
The interest on both issues of L. I. RR. Ferry bonds, amounting to $129,730 per annum, is paid out of the
earnings of the ferries, and is not included in the amount shown in the Income Account as interest paid on
the funded debt.
STEWART LINE MORTGAGE BONDS. — Issued in the purchase of the Stewart RR. The authorized issue is
$500,000, the trustee under the mortgage retaining the remaining $168,000. These will be issued only for
double tracking and other important improvements.
POORS MANUAL — PENNSYLVANIA RR. SYSTEM.
BROOKLYN AND MONTAUK BONDS.— Secured on the lines from Brooklyn to Eastport, from Valley Stream to
Rockaway Beach, and from Fresh Pond to the junction with the New York and Flushing RB. ; in all, 76.43
miles. The rate of interest on the Ists was originally 6 p. c., but after $250,000 of the bonds (1 to 250) had
been issued, the rate was reduced to 5 p-. c. All the bonds are guaranteed by the Long Island RR. Co.,
both principal and interest.
NEW YOKK AND FLUSHING BONDS.— Secured by first mortgage on the branch from Long Island City to
N. Y. & F. Junction, 2.29 miles. The Long Island RR. Co. assumes payment of principal and interest.
LONG ISLAND CITY AND FLUSHING BONDS. — Secured in order of priority on 15.84 miles of road, as follows:
principal
retirement of the 1st mtge. bonds.
8. Guaranties. — The Long Island RR. Co. guarantees, both as to principal and interest,
$1,726,000 1st consol. 5s of the New York, Brooklyn and Manhattan Beach Ry. ; $1,425,000 1st 5s of the L. I.
RR., North Shore Branch; $600,000 1st 5s of the Montauk Extension RR. ; $000,000 1st 5s of the New York
Bay Extension RR.; $984,000 1st 5s of the New York and Rockaway Beach RR. ; $340,000 1st 4-is and
$96,000 of the 2d 4£s of the Prospect Park and Coney Island RR. It also guarantees the interest on $250,000
1st 7s of the New York and Rockaway RR., and guarantees as rental, or part rental, dividends of 5 p. c.
per annum on the $650,000 preferred capital stock of the New York, Brooklyn and Manhattan Beach Ry., and
dividends of 4J p. c. per annum on the $50,000 capital stock of the Prospect Park and South Brooklyn RR.,
and on the $82,500 capital stock of the New York and Coney Island RR. (See separate statements for the
companies named, appended hereto.)
9. Statement of operations, income account, etc., for eight fiscal years ending June 30:
1894
1895
1896
1897
1898
1899
1900
1901
Miles of RR. Operated
Passenger Train Mileage. . .
Freight Train Mileage
360.15
2,390.096
403,629
367.45
2,481,145
374,878
378.89
2,638,611
363,814
375.29
2,401,586
385,912
375.29
3,027,461
485,368
379.48
3,071,841
457,027
379.48
3,145,658
374,204
380.27
3,081,332
374,204
Total Kev. Tr. Mileage..
Passengers Carried
2,793,725
13,919,249
135,991,062
845,218
34,873,794
8
2,353,569
1,309,228
480,636
2,856,023
13,768,163
133,876,991
795,575
32,679,836
8
2,298,662
1,216,347
499,010
3,002,425
13,934,534
134,716,875
835,937
34,273,417
$
8,281.577
1,142,015
539,207
2,787,498
11,934,947
126,923,174
1,177,935
30,368,360
8
2,193,654
1,167,963
593,249
3,512,829
11,886,772
154,185,077
1,600,236
35,917,435
8
2,361,319
1,348,081
623,894
3,528,868
11,777,205
167,273,504
1,589,679
38,333,247
$
2,492,783
1,397,176
732,516
3,519,862
12,387,649
170,658,570
1,513,387
41,184,093
8
2,499,940
1,300,629
756,690
3,455,536
14,520,218
198,793,891
1,642,937
42,289,092
8
2,641,184
1,381,483
839,680
Freight (tons) Moved
Freight (ton) Miles
Passenger Earnings
Freight Earnings
Miscellaneous Earnings. . . .
Gross Traffic Earnings
Operating Expenses
4,143,433
2,690,085
4,014,019
2,593,323
3,962,799
2,541,635
3,954,866
2,737,200
4,333,194
2,989,373
4,682,475
3,311,371
4,557,259
3,276,073
4,862,347
3,516,705
Net Traffic Earnings
1,453,348
81,148
1,420,696
159,230
1,421,164
151,904
1,217,666
114,845
1,343,821
129,868
1,311,104
161,998
1,281,186
275,911
1,345,642
285,910
Miscellaneous Receipts ....
Net Income
1,534,496
172,726
219,518
622,597
(4J)570,000
1,579,926
174,531
240,088
661,153
(4) 480,000
1,573,068
200,973
267,410
674,801
(4) 480,000
1,332,511
210,794
310,466
709,046
(2) 240,000
1,473,689
205.865
312,800
711,150
1,473,102
202,956
322,800
697,274
1,557,097
232,084
322,800
842,720
1,631,552
258,701
322,800
841,620
Payments : Taxes
Lease Rentals
Interest and Sink. Fund.
Dividends
Miscellaneous
12,622
1,435,743
195,809
12,786 57
9,247 92
3,53865
72. 33 p. c.
1.33c.
3.27C.
8
12,000,000
21,210,703
4,948,000
281,238
695,000
1,343,306
Total Payments
i,584,84i
def. 50,345
11,504 74
7,469 34
4,03540
64.92 p. c.
1.731c.
3.754c.
$
12,000,000
15,324,702
1,555,772
24,154
10,923 99
7,057 62
3,866 37
64. 67 p. c.
1.687C.
3.722c.
$
12,000,000
15,549,703
1,623,184
dff. 50,116
10,458 97
6,708 11
3,750 86
64.14 p. c.
1.694c.
3.332 c.
8
12,000,000
15,549,703
1,470.306
cJ«/.137.795
10,538 16
7,293 56
3,24460
69.21 p. c.
1.728C.
3.846C.
8
12,000,000
15,549,703
1,229,815
243,874
11,546 25
7,965 50
3,580 75
68. 99 p. c.
1.53c.
3.75 c.
8
12,000,000
15,549,703
1,223,030
250,072
12,181 08
8,72608
3,455 00
71. 64 p. c.
1.49c.
3.64C.
8
12,000,000
21,210,703
4,948,000
291,238
1,397,604
159,493
12,009 82
8,633 05
3,376 16
71. 88 p. c.
1.46c.
3.15C.
8
12,000,000
21,210,703
4,948,000
281,238
400,000
1,311,023
Balance, Surplus
Gross Earnings per Mile —
Opera; Expense* per Mile. .
Net Earnings per Mile
Expenses to Earnings
Earnings per Pass, per Mile
Earnings per Ton per Mile.
Capital Stock
Funded Debt ....
Securities Leasehold Estates
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